Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: DieJohnny on March 16, 2014, 11:54:14 PM



Title: How i lost respect for Cryptsy
Post by: DieJohnny on March 16, 2014, 11:54:14 PM
1. The web site requires unnatural allegiance. It doesn't feel like a professional site, doesn't look like one, and any allegiance is one you create deep inside of you because of your lust for crypto.
2. The site is clearly benefiting in some way from pump and dump scams because it adds so many stupid coins for no good reason.
3. In crypto you follow people and opinions until their morality is laid bare and exposed for the greedy whores they really are. Then when you find out that your are dealing with a whore it is time to move on and never look back or she will leave you broke and holding your limp noodle in your hand.



Title: Re: How i lost respect for Cryptsy
Post by: tkbx on March 17, 2014, 12:00:37 AM
I lost respect for Cryptsy the first time I used them and thought my 100k Dogecoins were gone forever because they didn't show up in my account for over two days.


Title: Re: How i lost respect for Cryptsy
Post by: Bit_Happy on March 17, 2014, 12:05:21 AM
Cryptsy is backed by a real company/investors and happens to be one of the best exchanges...despite the occasional issues.
Until something better gains traction Cryptsy is here to stay, and clearly one of the "most trusted"......sorry.


Title: Re: How i lost respect for Cryptsy
Post by: mullick on March 17, 2014, 12:06:44 AM
I lost respect for Cryptsy the first time I used them and thought my 100k Dogecoins were gone forever because they didn't show up in my account for over two days.

Our previous issues with the doge wallet have been fixed :) For a while. If you are still experiencing slow deposits you will need to generate a new address as our old doge wallet is not scanned for incoming transactions as often

http://blog.cryptsy.com/post/76003650515/the-tale-of-the-oversized-doge-wallet


Title: Re: How i lost respect for Cryptsy
Post by: mullick on March 17, 2014, 12:07:59 AM
Cryptsy is backed by a real company/investors and happens to be one of the best exchanges...despite the occasional issues.
Until something better gains traction Cryptsy is here to stay, and clearly one of the "most trusted"......sorry.

Thank you very much for your support!


Title: Re: How i lost respect for Cryptsy
Post by: Hollowman338 on March 17, 2014, 12:08:15 AM
They add shitcoins because certain shitcoins have a shitload of volume (at the time of addition, at least).  Why the fuck wouldn't you list a high volume coin?  The are in business to make money, and you make money from transaction fees.  Get the fuck over yourself.


Title: Re: How i lost respect for Cryptsy
Post by: Bit_Happy on March 17, 2014, 12:09:39 AM
Cryptsy is backed by a real company/investors and happens to be one of the best exchanges...despite the occasional issues.
Until something better gains traction Cryptsy is here to stay, and clearly one of the "most trusted"......sorry.

Thank you very much for your support!

You are welcome, thanks for being one of the best.


Title: Re: How i lost respect for Cryptsy
Post by: TECSHARE on March 17, 2014, 12:15:48 AM
I lost respect for Cryptsy the first time I used them and thought my 100k Dogecoins were gone forever because they didn't show up in my account for over two days.

Our previous issues with the doge wallet have been fixed :) For a while. If you are still experiencing slow deposits you will need to generate a new address as our old doge wallet is not scanned for incoming transactions as often

http://blog.cryptsy.com/post/76003650515/the-tale-of-the-oversized-doge-wallet
  What about IFC users? You still have TONS of users with IFC trapped on your exchange. Your support staff lies and makes endless promises which are never fulfilled to IFC users. Why is it that no other exchange, even with higher volumes, has these problems yet you claim the IFC client is at fault. I look forward to your further ignoring of this issue while you defraud your customers.

CRYPTSY = FRAUD


Title: Re: How i lost respect for Cryptsy
Post by: mullick on March 17, 2014, 12:20:55 AM
I lost respect for Cryptsy the first time I used them and thought my 100k Dogecoins were gone forever because they didn't show up in my account for over two days.

Our previous issues with the doge wallet have been fixed :) For a while. If you are still experiencing slow deposits you will need to generate a new address as our old doge wallet is not scanned for incoming transactions as often

http://blog.cryptsy.com/post/76003650515/the-tale-of-the-oversized-doge-wallet
  What about IFC users? You still have TONS of users with IFC trapped on your exchange. Your support staff lies and makes endless promises which are never fulfilled to IFC users. Why is it that no other exchange, even with higher volumes, has these problems yet you claim the IFC client is at fault. I look forward to your further ignoring of this issue while you defraud your customers.

CRYPTSY = FRAUD

I have explained this to you many times

Transaction spam caused the wallet bloat to begin with. You have released a fix which does solve the problem from happening going forward.

However it does not fix our bloated old IFC wallet which seems to use any cpu resources we throw at it and still sit unresponsive

Importprivatekey and rescan for every address in the old wallet takes some time to complete and we are still pulling funds out

Last I checked we had fulfilled 90% of users IFC withdrawal requests



Title: Re: How i lost respect for Cryptsy
Post by: tkbx on March 17, 2014, 12:21:52 AM
I lost respect for Cryptsy the first time I used them and thought my 100k Dogecoins were gone forever because they didn't show up in my account for over two days.

Our previous issues with the doge wallet have been fixed :) For a while. If you are still experiencing slow deposits you will need to generate a new address as our old doge wallet is not scanned for incoming transactions as often

http://blog.cryptsy.com/post/76003650515/the-tale-of-the-oversized-doge-wallet
Good to hear. Haven't been into altcoins lately, but I'll try again when I find a good one (I should probably get in on Darkcoin before it's $50)


Title: Re: How i lost respect for Cryptsy
Post by: r3wt on March 17, 2014, 12:28:33 AM
they are ruining my investments by adding so many shitcoins and obvious pump and dumps. If i'm speaking honestly, it makes me a bit sick inside how they are willing to whore their site out to the flavor of the altcoin week. voting system is unprofessional, site navigation is painful, and i generally dislike their UI, except for the actual market pages which are well designed themselves. other than that, i really have no qualms with cryptsy. they generally have fixed most of their problems, and the only major security vulnerability they've had was session collision, which should have(and to my knowledge it has) been fixed by now. I will point out a couple of positives surrounding cryptsy:

1. they have competent staff members(cept mullick of course ;) )
2. they have the most secure backend, with a custom fork detection system that automates maintenance on the markets, leaving them free to test/improve their source code, and assist customers.
3. they have an actual physical office.
4. there are a few staff members who are dedicated to monitoring User Accounts to prevent theft of User funds.

imagine how great cryptsy would be if Vern stuck to the backend and hired a trader to design the frontend...


Title: Re: How i lost respect for Cryptsy
Post by: mullick on March 17, 2014, 12:31:50 AM

except for the actual market pages which are well designed themselves. other than that, i really have no qualms with cryptsy. they generally have fixed most of their problems, and the only major security vulnerability they've had was session collision, which should have(and to my knowledge it has) been fixed by now.


Yep fixed a while ago :) Thank you for the support!


Title: Re: How i lost respect for Cryptsy
Post by: b¡tco¡n on March 17, 2014, 12:32:45 AM
1. The web site requires unnatural allegiance. It doesn't feel like a professional site, doesn't look like one, and any allegiance is one you create deep inside of you because of your lust for crypto.
2. The site is clearly benefiting in some way from pump and dump scams because it adds so many stupid coins for no good reason.
3. In crypto you follow people and opinions until their morality is laid bare and exposed for the greedy whores they really are. Then when you find out that your are dealing with a whore it is time to move on and never look back or she will leave you broke and holding your limp noodle in your hand.



Hater!




Title: Re: How i lost respect for Cryptsy
Post by: gustav on March 17, 2014, 01:18:21 AM
this cryptsy-tread-title is on my personal top three on place three now after  "cryptsy tries to break me" (place one) and "fuck cryptsy, fuck cryptsy, fuck cryptsy!" (place two)

what's next?


also the dick-sucking and hating intensifies it seems. This internet is fun. More drama please!


Title: Re: How i lost respect for Cryptsy
Post by: kelsey on March 17, 2014, 01:40:34 AM
Cryptsy promised ages ago to lift its standards for adding coins, seems though its standards are slipping further.
 
Also they should be looking at overall market conditions before blindly adding new coins, well if they are in favor of longterm viability of the alt trading market.

Allowing people to vote for coins then adding them is extremely flawed on many levels. Even if you ignore the dev paying users to vote approach, coins are pretty much voted for by those who wish to dump, few if any traders vote for a coin that want to buy.


Title: Re: How i lost respect for Cryptsy
Post by: btcprice on March 17, 2014, 01:41:12 AM

except for the actual market pages which are well designed themselves. other than that, i really have no qualms with cryptsy. they generally have fixed most of their problems, and the only major security vulnerability they've had was session collision, which should have(and to my knowledge it has) been fixed by now.


Yep fixed a while ago :) Thank you for the support!

My coins didn't show up for many days. Mullick worked to get my coins back to me. Thanks for helping out an very, very nervous situation for me.


Title: Re: How i lost respect for Cryptsy
Post by: Bit_Happy on March 17, 2014, 04:10:41 AM
Cryptsy promised ages ago to lift its standards for adding coins, seems though its standards are slipping further.
 
Also they should be looking at overall market conditions before blindly adding new coins, well if they are in favor of longterm viability of the alt trading market.

Allowing people to vote for coins then adding them is extremely flawed on many levels. Even if you ignore the dev paying users to vote approach, coins are pretty much voted for by those who wish to dump, few if any traders vote for a coin that want to buy.

Long-term an exchange like Cryptsy could possibly handle 200+ coins (for example)
You are correct that adding so fast in a Bear market harms long-term viability of the alt trading market.



Title: Re: How i lost respect for Cryptsy
Post by: DieJohnny on March 17, 2014, 05:08:02 AM

Allowing people to vote for coins then adding them is extremely flawed on many levels.

Completely agree, I don't understand why listing decisions can't be made with a published algorithm of criteria. Then if your coin qualifies your in. Some aggregate value for hashrate and a dozen other measurements.

Instead it is nothing more than whoring and sleeping around.


Title: Re: How i lost respect for Cryptsy
Post by: DieJohnny on March 17, 2014, 05:18:23 AM
@Techshare
....................../´¯/)
....................,/¯../
.................../..../
............./´¯/'...'/´¯¯`·¸
........../'/.../..../......./¨¯\
........('(...´...´.... ¯~/'...')
.........\.................'...../
..........''...\.......... _.·´
............\..............(
..............\.............\...   <--- Insert to this depth for maximum effect

~BCX~


Cryptsy is a whore and you seem to be her pimp. Making a lot of money off a whore is pretty easy to do when she is the hottest bitch in town. But it doesn't take long before she has been banged by every alt coin in town and looks more like a ragged fat ass than a sexy broad.

Cryptsy is destroying whatever brand and niche she had.


Title: Re: How i lost respect for Cryptsy
Post by: sidhujag on March 17, 2014, 05:18:47 AM
ive had no issues with them


Title: Re: How i lost respect for Cryptsy
Post by: Bit_Happy on March 17, 2014, 05:24:51 AM
When the Bull market returns, threads like this will be quickly forgotten*
*unless their trade lag is still bad during busy times.


Title: Re: How i lost respect for Cryptsy
Post by: DieJohnny on March 17, 2014, 05:31:57 AM
@Techshare and DieJohnny

~BCX~


@BCX

Please go and jerk yourself on your kill-Auroracoin thread maybe you can create some ascii art of your pecker blowing a load on your keyboard as you kick off you lex luther inspired world conquest gravity well exploits of the day.



Title: Re: How i lost respect for Cryptsy
Post by: matt4054 on March 17, 2014, 05:40:48 AM
1. The web site requires unnatural allegiance. It doesn't feel like a professional site, doesn't look like one, and any allegiance is one you create deep inside of you because of your lust for crypto.
2. The site is clearly benefiting in some way from pump and dump scams because it adds so many stupid coins for no good reason.
3. In crypto you follow people and opinions until their morality is laid bare and exposed for the greedy whores they really are. Then when you find out that your are dealing with a whore it is time to move on and never look back or she will leave you broke and holding your limp noodle in your hand.

I don't want to defend them but most of your argument could be said about any altcoin exchange...

Cryptsy has its pros and cons, ups and downs... but overall it's a solid and exhaustive altcoin marketplace. The interface could be better (I'd like to have less pages to go through went switching coins and stuff, for example), but it's not as bad as some others that I won't name ;)


Title: Re: How i lost respect for Cryptsy
Post by: TECSHARE on March 17, 2014, 06:32:38 AM
I lost respect for Cryptsy the first time I used them and thought my 100k Dogecoins were gone forever because they didn't show up in my account for over two days.

Our previous issues with the doge wallet have been fixed :) For a while. If you are still experiencing slow deposits you will need to generate a new address as our old doge wallet is not scanned for incoming transactions as often

http://blog.cryptsy.com/post/76003650515/the-tale-of-the-oversized-doge-wallet
  What about IFC users? You still have TONS of users with IFC trapped on your exchange. Your support staff lies and makes endless promises which are never fulfilled to IFC users. Why is it that no other exchange, even with higher volumes, has these problems yet you claim the IFC client is at fault. I look forward to your further ignoring of this issue while you defraud your customers.

CRYPTSY = FRAUD

I have explained this to you many times

Transaction spam caused the wallet bloat to begin with. You have released a fix which does solve the problem from happening going forward.

However it does not fix our bloated old IFC wallet which seems to use any cpu resources we throw at it and still sit unresponsive

Importprivatekey and rescan for every address in the old wallet takes some time to complete and we are still pulling funds out

Last I checked we had fulfilled 90% of users IFC withdrawal requests


  You have "explained" but your excuses make zero sense. Why is Crypsty the only exchange with this issue? Don't tell me volume because Bter does several times your volume in IFC trading daily. As far as fulfilling 90% of IFC withdraws, that is laughable. IFC users have been trapped in your exchange for over a month and all we get are lies and nonsense. Seems like quite a while for a rescan.


Title: Re: How i lost respect for Cryptsy
Post by: kelsey on March 17, 2014, 07:36:04 AM
as there is no shortage of new customers,

Actually the current bear market there suggests the opposite, well if they are getting new customers they certain aren't bringing the coin (except maybe to dump).


Title: Re: How i lost respect for Cryptsy
Post by: DieJohnny on March 17, 2014, 12:06:08 PM
as there is no shortage of new customers,

Actually the current bear market there suggests the opposite, well if they are getting new customers they certain aren't bringing the coin (except maybe to dump).

"no shortage of new customers:" is a self-induced mirage. These words sound like the last words spoken by every company as they fall off the cliff of respectability.



Title: Re: How i lost respect for Cryptsy
Post by: jonald_fyookball on March 19, 2014, 04:59:06 AM
1. The web site requires unnatural allegiance. It doesn't feel like a professional site, doesn't look like one, and any allegiance is one you create deep inside of you because of your lust for crypto.




Looks very professional. What are you talking about


Title: Re: How i lost respect for Cryptsy
Post by: r3wt on March 19, 2014, 06:02:41 AM
1. The web site requires unnatural allegiance. It doesn't feel like a professional site, doesn't look like one, and any allegiance is one you create deep inside of you because of your lust for crypto.




Looks very professional. What are you talking about

The navigation is terrible for starters. browsing markets is painful, the theme is unresponsive. laundry list of problems for me with the UI. glad to see i'm not the only one who doesn't like it.


Title: Re: How i lost respect for Cryptsy
Post by: Abinito on March 19, 2014, 01:15:59 PM
1. The web site requires unnatural allegiance. It doesn't feel like a professional site, doesn't look like one, and any allegiance is one you create deep inside of you because of your lust for crypto.




Looks very professional. What are you talking about

The navigation is terrible for starters. browsing markets is painful, the theme is unresponsive. laundry list of problems for me with the UI. glad to see i'm not the only one who doesn't like it.

Is this for real? Cryptsy has never been hacked nor funds been stolen.

You are the owner of hacked exchange openex right? And now have debts to your clients?

Probably you can use your time to find a job and pay your debts.



Title: Re: How i lost respect for Cryptsy
Post by: Abinito on March 19, 2014, 01:20:41 PM
I lost respect for Cryptsy the first time I used them and thought my 100k Dogecoins were gone forever because they didn't show up in my account for over two days.

Imagine that you lost your furtune via openex, coinex, cryptorush or poloniex like so many. Than you would still be crying.


Title: Re: How i lost respect for Cryptsy
Post by: jonald_fyookball on March 19, 2014, 05:16:11 PM
Unrealistic expectations about having an amazing user experience.  my opinion is cryptsy is very stable and feature rich for a platform of its young age.  If there's something better, tell us


Title: Re: How i lost respect for Cryptsy
Post by: Thusith on March 25, 2014, 04:15:25 PM
Cryptsy will die. It accept BTC to list new coins. What a shit site.


Title: Re: How i lost respect for Cryptsy
Post by: ronald98 on March 25, 2014, 04:19:54 PM
Cryptsy will die. It accept BTC to list new coins. What a shit site.

A lot of other exchanges such as mintpal are doing the same thing.


Title: Re: How i lost respect for Cryptsy
Post by: miningcrew on March 25, 2014, 04:23:27 PM

Allowing people to vote for coins then adding them is extremely flawed on many levels.

Completely agree, I don't understand why listing decisions can't be made with a published algorithm of criteria. Then if your coin qualifies your in. Some aggregate value for hashrate and a dozen other measurements.

Instead it is nothing more than whoring and sleeping around.
I agree too.


Title: Re: How i lost respect for Cryptsy
Post by: Equate on March 25, 2014, 04:24:02 PM
Cryptsy will die. It accept BTC to list new coins. What a shit site.

Not common between exchanges.


Title: Re: How i lost respect for Cryptsy
Post by: Spoetnik on March 25, 2014, 06:12:18 PM
They add shitcoins because certain shitcoins have a shitload of volume (at the time of addition, at least).  Why the fuck wouldn't you list a high volume coin?  The are in business to make money, and you make money from transaction fees.  Get the fuck over yourself.

because clearly you and Cryptsy is and has all along been playing dumb.. adding them is supporting them
and what has supporting scam coins gotten us ? a bloody mess that's what !
there was a time when they tried.. like when they heard the backlash on adding ORB and promptly removed it..
over time they just flat out simply gave up and caved in.. ORB was snuck back in mid DEC when no one would put up a fuss.

They have lowered the bar of all of crypto.
They have bitten the hand that feeds them by supporting scam coins and in turn making Bitcoin itself worth less.
shit coins are traditionally only used to pump and dump and cash out to BTC so when you make BTC look bad across the world it's pretty dumb.
and i can show the backlash across the globe growing on Bitcoin and the public has barely gotten wind of the scammy altcoin scene yet too.
Throwing away your integrity to support scam coins because of "user demand" is foolish and shorted sighted..
they do this for short term financial gain regardless of the very real long term risks to the whole entire crypto scene !

They also have been instrumental in creating a huge scene we have here in the Altcoin section here and elsewhere where new coins being added has exploded out of control
and allowed the coin cloners to stream line their scams so they can be posted asap.. over time the scam coin posters don't even bother tryng to make the coin seem legit anymore..
they don't have to.. idiots and scamers and exchanges like Cryptsy will add them no matter how bad they or made them.
They have lowered the bar badly.. and when shit hits the fan they will play dumb and pass the buck and accept NO responsibility for any of it ever.

They and other exchanges also have supported the anonymity of these coin cloners.. it does not matter to them WHO makes a coin.
So in reality the guy could be a thief that stole coins from an exchange or a coin cloner that has released 100 coisn here..
as long as it's one with an enough interest interest they will add it anyway.. as long as they make money NOTHING else matters.
and this has been demonstrated and proven time after time after so no it's not up for debate.
They have even hidden coin cloners identitiea when the public has asked who made the coin..
they simply add the coin anyway and say we know who made it but we won't tell you. They did exactly that with the scam coin TIX by iGotSpots and his Cryptsy staff/friends.
for example Mullick and Prime for sure and maybe other Crypsty staff had direct involvemnt in making TIX and i have endless proof on that.
All of them lied non stop and played little games on Cryptsy chat box about back then too and had changed tehir story on TIX non stop also.
And if you confront them they will just get evasive and scammy.. the usual.
It goes deeper to because they had a well known cloin cloner help them that has made many of the coins on Cryptsy.
Hell (cryptsy staff) Mullick has his own coin Shakezulu made for him and has helped fix etc many times
And that guy has a made a large percentage of all the coins on cryptsy.. what does that tell you ? they will on Skype they are all buddies.
Sorry you can't have one staff member compiling the coin and another making the graphics and posting it exclisivly on his own crypto site and
avoiding posting it here for example and another adding it to the exchange and then say ohhhh we're not involved..

SO yeah staff have endlessly been directly involved in making scam coins then adding them to get your money.. rinse repeat.
credibility ? lol ok then.. they can start with common sense FIRST that would be a good *start.. THEN worry about credibility.

and now they are selling votes for coins to get added.. i guess their 'bounties' they would traditionally take for putting new scam coins on is not enough
and they need more money to work on adding fiat support soon lol

sadly i have tried to reason with them but it winds up being a waste of time.. they all play dumb and make excuses.
when the bottom line is if they quit adding them a lot less would get made in the first place..
they are a major player in the scam coin vicious cycle that is spiraling put of control.
and making ALL OF US look like corrupt greedy scumbags.

and their mods have a long history of releasing coins themselves or being involved with them which sometimes great lengths have been taken to sneaky about it too
they as usual play dumb about it or down play it..i have various interesting pieces of info on that is 100% undeniable and they know it.
Cryptsy has been best friends all along with coin cloning spammers and occasionally their staff have been involved in helping make the scam coins
that get posted on the exchange so as far as i am concerned they are corrupt, greedy and selfish. and i have real world tangible proof to back that up too. (as others do)

Are they any different than ANY other exchange ? no i don't think so.. sad and scary part is they are better than the others.. what does that tell you ?

If people knew what i (and others) know they would list far more than issues with *just coin deposits as the problem.

They are a lost cause don't waste your time with them.. it's scam coin exchange.. if anything expect things to get worse not better.


Title: Re: How i lost respect for Cryptsy
Post by: jonald_fyookball on March 25, 2014, 07:23:57 PM
Have there been any reports of withdrawal problems?


Title: Re: How i lost respect for Cryptsy
Post by: FredDag on March 25, 2014, 09:13:23 PM
I finally stopped using Cryptsy last week after 3 out of 4 deposits failed to show up in my account, despite being confirmed.
Support tickets fixed the issue.... eventually, but not good enough.


Title: Re: How i lost respect for Cryptsy
Post by: Nxtblg on March 25, 2014, 09:26:24 PM
Odd about Cryptsy: its feeshares have plunged over the last week or so.

https://cryptostocks.com/securities/57

So has its latest dividend payout per feeshare...

  • 21 Mar: 0.00017992 BTC
  • 14 Mar: 0.00023112 BTC
  • 08 Mar: 0.00033808 BTC
  • 03 Mar: 0.00023617 BTC
  • 22 Feb: 0.00037214 BTC
  • 17 Feb: 0.00053746 BTC
  • 08 Feb: 0.00034018 BTC
  • 02 Feb: 0.00052942 BTC

Something's not quite right...


Title: Re: How i lost respect for Cryptsy
Post by: btcmania on March 25, 2014, 09:36:46 PM
Cryptsy has had many many many months to fix their trading engine. I gave it another try last week. Traded BTC/LTC.

Despite my trades clearing, they still showed at the top as pending (the red circle indicator) and the account balances were unchanged from before the trade.

I don't get how these guys can be so incompetent. They'll take your money if you want to vote for new coins, and they'll add every shitcoin they can, but they won't fix their lagging engine that results in funds being withheld for hours. And this isn't new news, these issues have been going on way too long.

BTC-E you never looked so good.


Title: Re: How i lost respect for Cryptsy
Post by: TECSHARE on March 27, 2014, 11:10:06 AM
They add shitcoins because certain shitcoins have a shitload of volume (at the time of addition, at least).  Why the fuck wouldn't you list a high volume coin?  The are in business to make money, and you make money from transaction fees.  Get the fuck over yourself.

because clearly you and Cryptsy is and has all along been playing dumb.. adding them is supporting them
and what has supporting scam coins gotten us ? a bloody mess that's what !
there was a time when they tried.. like when they heard the backlash on adding ORB and promptly removed it..
over time they just flat out simply gave up and caved in.. ORB was snuck back in mid DEC when no one would put up a fuss.

They have lowered the bar of all of crypto.
They have bitten the hand that feeds them by supporting scam coins and in turn making Bitcoin itself worth less.
shit coins are traditionally only used to pump and dump and cash out to BTC so when you make BTC look bad across the world it's pretty dumb.
and i can show the backlash across the globe growing on Bitcoin and the public has barely gotten wind of the scammy altcoin scene yet too.
Throwing away your integrity to support scam coins because of "user demand" is foolish and shorted sighted..
they do this for short term financial gain regardless of the very real long term risks to the whole entire crypto scene !

They also have been instrumental in creating a huge scene we have here in the Altcoin section here and elsewhere where new coins being added has exploded out of control
and allowed the coin cloners to stream line their scams so they can be posted asap.. over time the scam coin posters don't even bother tryng to make the coin seem legit anymore..
they don't have to.. idiots and scamers and exchanges like Cryptsy will add them no matter how bad they or made them.
They have lowered the bar badly.. and when shit hits the fan they will play dumb and pass the buck and accept NO responsibility for any of it ever.

They and other exchanges also have supported the anonymity of these coin cloners.. it does not matter to them WHO makes a coin.
So in reality the guy could be a thief that stole coins from an exchange or a coin cloner that has released 100 coisn here..
as long as it's one with an enough interest interest they will add it anyway.. as long as they make money NOTHING else matters.
and this has been demonstrated and proven time after time after so no it's not up for debate.
They have even hidden coin cloners identitiea when the public has asked who made the coin..
they simply add the coin anyway and say we know who made it but we won't tell you. They did exactly that with the scam coin TIX by iGotSpots and his Cryptsy staff/friends.
for example Mullick and Prime for sure and maybe other Crypsty staff had direct involvemnt in making TIX and i have endless proof on that.
All of them lied non stop and played little games on Cryptsy chat box about back then too and had changed tehir story on TIX non stop also.
And if you confront them they will just get evasive and scammy.. the usual.
It goes deeper to because they had a well known cloin cloner help them that has made many of the coins on Cryptsy.
Hell (cryptsy staff) Mullick has his own coin Shakezulu made for him and has helped fix etc many times
And that guy has a made a large percentage of all the coins on cryptsy.. what does that tell you ? they will on Skype they are all buddies.
Sorry you can't have one staff member compiling the coin and another making the graphics and posting it exclisivly on his own crypto site and
avoiding posting it here for example and another adding it to the exchange and then say ohhhh we're not involved..

SO yeah staff have endlessly been directly involved in making scam coins then adding them to get your money.. rinse repeat.
credibility ? lol ok then.. they can start with common sense FIRST that would be a good *start.. THEN worry about credibility.

and now they are selling votes for coins to get added.. i guess their 'bounties' they would traditionally take for putting new scam coins on is not enough
and they need more money to work on adding fiat support soon lol

sadly i have tried to reason with them but it winds up being a waste of time.. they all play dumb and make excuses.
when the bottom line is if they quit adding them a lot less would get made in the first place..
they are a major player in the scam coin vicious cycle that is spiraling put of control.
and making ALL OF US look like corrupt greedy scumbags.

and their mods have a long history of releasing coins themselves or being involved with them which sometimes great lengths have been taken to sneaky about it too
they as usual play dumb about it or down play it..i have various interesting pieces of info on that is 100% undeniable and they know it.
Cryptsy has been best friends all along with coin cloning spammers and occasionally their staff have been involved in helping make the scam coins
that get posted on the exchange so as far as i am concerned they are corrupt, greedy and selfish. and i have real world tangible proof to back that up too. (as others do)

Are they any different than ANY other exchange ? no i don't think so.. sad and scary part is they are better than the others.. what does that tell you ?

If people knew what i (and others) know they would list far more than issues with *just coin deposits as the problem.

They are a lost cause don't waste your time with them.. it's scam coin exchange.. if anything expect things to get worse not better.
  So you finally came around. Remember when I warned you all of this months ago and got nothing but hostility from you and others for speaking of it? Funny how things change. For the record I confirm this assessment. CRYPTSY = FRAUD


Title: Re: How i lost respect for Cryptsy
Post by: littlecoin on March 27, 2014, 11:50:59 AM
I lost respect for Cryptsy the first time I used them and thought my 100k Dogecoins were gone forever because they didn't show up in my account for over two days.
+1
Recently, I saw a lot of complaint on Cryptsy.
I quit at my first use.
The user interface is terrible.
Now we have some good exchanges, such as mintpal. Why do we need still use C ?


Title: Re: How i lost respect for Cryptsy
Post by: DieJohnny on March 28, 2014, 04:15:56 AM

Why do we need still use C ?

Unfortunately, it will be like Gox, it will never die until something very bad happens.



Title: Re: How i lost respect for Cryptsy
Post by: muddafudda on March 28, 2014, 06:25:16 AM
They add shitcoins because certain shitcoins have a shitload of volume (at the time of addition, at least).  Why the fuck wouldn't you list a high volume coin?  The are in business to make money, and you make money from transaction fees.  Get the fuck over yourself.

because clearly you and Cryptsy is and has all along been playing dumb.. adding them is supporting them
and what has supporting scam coins gotten us ? a bloody mess that's what !
there was a time when they tried.. like when they heard the backlash on adding ORB and promptly removed it..
over time they just flat out simply gave up and caved in.. ORB was snuck back in mid DEC when no one would put up a fuss.

They have lowered the bar of all of crypto.
They have bitten the hand that feeds them by supporting scam coins and in turn making Bitcoin itself worth less.
shit coins are traditionally only used to pump and dump and cash out to BTC so when you make BTC look bad across the world it's pretty dumb.
and i can show the backlash across the globe growing on Bitcoin and the public has barely gotten wind of the scammy altcoin scene yet too.
Throwing away your integrity to support scam coins because of "user demand" is foolish and shorted sighted..
they do this for short term financial gain regardless of the very real long term risks to the whole entire crypto scene !

They also have been instrumental in creating a huge scene we have here in the Altcoin section here and elsewhere where new coins being added has exploded out of control
and allowed the coin cloners to stream line their scams so they can be posted asap.. over time the scam coin posters don't even bother tryng to make the coin seem legit anymore..
they don't have to.. idiots and scamers and exchanges like Cryptsy will add them no matter how bad they or made them.
They have lowered the bar badly.. and when shit hits the fan they will play dumb and pass the buck and accept NO responsibility for any of it ever.

They and other exchanges also have supported the anonymity of these coin cloners.. it does not matter to them WHO makes a coin.
So in reality the guy could be a thief that stole coins from an exchange or a coin cloner that has released 100 coisn here..
as long as it's one with an enough interest interest they will add it anyway.. as long as they make money NOTHING else matters.
and this has been demonstrated and proven time after time after so no it's not up for debate.
They have even hidden coin cloners identitiea when the public has asked who made the coin..
they simply add the coin anyway and say we know who made it but we won't tell you. They did exactly that with the scam coin TIX by iGotSpots and his Cryptsy staff/friends.
for example Mullick and Prime for sure and maybe other Crypsty staff had direct involvemnt in making TIX and i have endless proof on that.
All of them lied non stop and played little games on Cryptsy chat box about back then too and had changed tehir story on TIX non stop also.
And if you confront them they will just get evasive and scammy.. the usual.
It goes deeper to because they had a well known cloin cloner help them that has made many of the coins on Cryptsy.
Hell (cryptsy staff) Mullick has his own coin Shakezulu made for him and has helped fix etc many times
And that guy has a made a large percentage of all the coins on cryptsy.. what does that tell you ? they will on Skype they are all buddies.
Sorry you can't have one staff member compiling the coin and another making the graphics and posting it exclisivly on his own crypto site and
avoiding posting it here for example and another adding it to the exchange and then say ohhhh we're not involved..

SO yeah staff have endlessly been directly involved in making scam coins then adding them to get your money.. rinse repeat.
credibility ? lol ok then.. they can start with common sense FIRST that would be a good *start.. THEN worry about credibility.

and now they are selling votes for coins to get added.. i guess their 'bounties' they would traditionally take for putting new scam coins on is not enough
and they need more money to work on adding fiat support soon lol

sadly i have tried to reason with them but it winds up being a waste of time.. they all play dumb and make excuses.
when the bottom line is if they quit adding them a lot less would get made in the first place..
they are a major player in the scam coin vicious cycle that is spiraling put of control.
and making ALL OF US look like corrupt greedy scumbags.

and their mods have a long history of releasing coins themselves or being involved with them which sometimes great lengths have been taken to sneaky about it too
they as usual play dumb about it or down play it..i have various interesting pieces of info on that is 100% undeniable and they know it.
Cryptsy has been best friends all along with coin cloning spammers and occasionally their staff have been involved in helping make the scam coins
that get posted on the exchange so as far as i am concerned they are corrupt, greedy and selfish. and i have real world tangible proof to back that up too. (as others do)

Are they any different than ANY other exchange ? no i don't think so.. sad and scary part is they are better than the others.. what does that tell you ?

If people knew what i (and others) know they would list far more than issues with *just coin deposits as the problem.

They are a lost cause don't waste your time with them.. it's scam coin exchange.. if anything expect things to get worse not better.

I can confirm this is true. I can also confirm jd230 the biggest troll scab was turned into a moderator and may now be employed by cryptsy.

I made the decision to stop trading at cryptsy a long time ago. we could write  another 10 pages on the dubious listing and back room activities if we wanted.

I can also confirm that bithohn knew of the cents issue before listing but was a big bag holder and raped a ton off his customers. in bitjohns defence he never asked me to pay for a listed coin. while his hearr was in a good place he took advantage of his position


Title: Re: How i lost respect for Cryptsy
Post by: lxssthxnzxrx on March 28, 2014, 08:14:06 AM
I only use Cryptsy to deposit altcoins in relatively small chunks and immediately exchange them to BTC and then send them straight to my wallet. I haven't had any transactions disappear and I haven't come across any other exchanges that handle so many different coins. Mintpal, Bter, and Vircurex are the only ones that come to mind but I won't be using Vircurex in the future after they suspended BTC withdrawals. Are there many other competitors to Cryptsy that handle DVC/IXC/NMC/TRC/PPC/TAK/MZC/DOGE/etc?


Title: Re: How i lost respect for Cryptsy
Post by: Bit_Happy on March 29, 2014, 12:53:15 AM
I finally stopped using Cryptsy last week after 3 out of 4 deposits failed to show up in my account, despite being confirmed.
Support tickets fixed the issue.... eventually, but not good enough.

I have more experience with slow deposits now.
Sometimes your address might be on an older wallet, if you generate a new address that can help a lot (depending on the coin)
Other times they show up after a small delay.
I've had fast deposits too. They always seem to show up eventually, but the wait doesn't really make sense.


Title: Re: How i lost respect for Cryptsy
Post by: qiwoman on March 29, 2014, 01:32:08 AM
15 days and support haven't even got my account login fixed..over ten days after their initial reply to support ticket I am still waiting for them to send me a password reset..really crap support.. :'(


Title: Re: How i lost respect for Cryptsy
Post by: chosetime on March 29, 2014, 02:19:08 AM
Well that does make a little sense actually since most coins are doing shitty right now and it sure seems to me like overall trading is down. The period of investors diving onto every new shitcoin to hit the market appears to have subsided a bit now that they are realizing that 99% of them go no where, the devs disappear and the coin sits in the gutter for months on end.


Title: Re: How i lost respect for Cryptsy
Post by: romang on March 29, 2014, 02:21:45 AM
I never had any problems with them always worked itself out


Title: Re: How i lost respect for Cryptsy
Post by: Bit_Happy on March 29, 2014, 04:22:26 AM
...
2. The site is clearly benefiting in some way from pump and dump scams because it adds so many stupid coins for no good reason.
...

They should work on higher standards for the coins they list.
You have a good point #2.


Title: Re: How i lost respect for Cryptsy
Post by: lamontweaver on March 29, 2014, 04:53:45 AM
I used to trade mostly at Cryptsy, but I haven't traded there in a long time. I trade mostly at MIntpal and Poloniex. THey seem to have the coins I want to trade.


Title: Re: How i lost respect for Cryptsy
Post by: Stevenrm87 on March 29, 2014, 05:22:57 AM
Use BTC-E , you Perverts!


Title: Re: How i lost respect for Cryptsy
Post by: Coinmin on March 29, 2014, 08:41:48 AM
Yes, Cryptsy has problems with the coins transfer, but he has a very large volume of trade. And a good level of security.


Title: Re: How i lost respect for Cryptsy
Post by: grndnpnd on April 02, 2014, 02:40:02 PM
They add shitcoins because certain shitcoins have a shitload of volume (at the time of addition, at least).  Why the fuck wouldn't you list a high volume coin?  The are in business to make money, and you make money from transaction fees.  Get the fuck over yourself.

because clearly you and Cryptsy is and has all along been playing dumb.. adding them is supporting them
and what has supporting scam coins gotten us ? a bloody mess that's what !
there was a time when they tried.. like when they heard the backlash on adding ORB and promptly removed it..
over time they just flat out simply gave up and caved in.. ORB was snuck back in mid DEC when no one would put up a fuss.

They have lowered the bar of all of crypto.
They have bitten the hand that feeds them by supporting scam coins and in turn making Bitcoin itself worth less.
shit coins are traditionally only used to pump and dump and cash out to BTC so when you make BTC look bad across the world it's pretty dumb.
and i can show the backlash across the globe growing on Bitcoin and the public has barely gotten wind of the scammy altcoin scene yet too.
Throwing away your integrity to support scam coins because of "user demand" is foolish and shorted sighted..
they do this for short term financial gain regardless of the very real long term risks to the whole entire crypto scene !

They also have been instrumental in creating a huge scene we have here in the Altcoin section here and elsewhere where new coins being added has exploded out of control
and allowed the coin cloners to stream line their scams so they can be posted asap.. over time the scam coin posters don't even bother tryng to make the coin seem legit anymore..
they don't have to.. idiots and scamers and exchanges like Cryptsy will add them no matter how bad they or made them.
They have lowered the bar badly.. and when shit hits the fan they will play dumb and pass the buck and accept NO responsibility for any of it ever.

They and other exchanges also have supported the anonymity of these coin cloners.. it does not matter to them WHO makes a coin.
So in reality the guy could be a thief that stole coins from an exchange or a coin cloner that has released 100 coisn here..
as long as it's one with an enough interest interest they will add it anyway.. as long as they make money NOTHING else matters.
and this has been demonstrated and proven time after time after so no it's not up for debate.
They have even hidden coin cloners identitiea when the public has asked who made the coin..
they simply add the coin anyway and say we know who made it but we won't tell you. They did exactly that with the scam coin TIX by iGotSpots and his Cryptsy staff/friends.
for example Mullick and Prime for sure and maybe other Crypsty staff had direct involvemnt in making TIX and i have endless proof on that.
All of them lied non stop and played little games on Cryptsy chat box about back then too and had changed tehir story on TIX non stop also.
And if you confront them they will just get evasive and scammy.. the usual.
It goes deeper to because they had a well known cloin cloner help them that has made many of the coins on Cryptsy.
Hell (cryptsy staff) Mullick has his own coin Shakezulu made for him and has helped fix etc many times
And that guy has a made a large percentage of all the coins on cryptsy.. what does that tell you ? they will on Skype they are all buddies.
Sorry you can't have one staff member compiling the coin and another making the graphics and posting it exclisivly on his own crypto site and
avoiding posting it here for example and another adding it to the exchange and then say ohhhh we're not involved..

SO yeah staff have endlessly been directly involved in making scam coins then adding them to get your money.. rinse repeat.
credibility ? lol ok then.. they can start with common sense FIRST that would be a good *start.. THEN worry about credibility.

and now they are selling votes for coins to get added.. i guess their 'bounties' they would traditionally take for putting new scam coins on is not enough
and they need more money to work on adding fiat support soon lol

sadly i have tried to reason with them but it winds up being a waste of time.. they all play dumb and make excuses.
when the bottom line is if they quit adding them a lot less would get made in the first place..
they are a major player in the scam coin vicious cycle that is spiraling put of control.
and making ALL OF US look like corrupt greedy scumbags.

and their mods have a long history of releasing coins themselves or being involved with them which sometimes great lengths have been taken to sneaky about it too
they as usual play dumb about it or down play it..i have various interesting pieces of info on that is 100% undeniable and they know it.
Cryptsy has been best friends all along with coin cloning spammers and occasionally their staff have been involved in helping make the scam coins
that get posted on the exchange so as far as i am concerned they are corrupt, greedy and selfish. and i have real world tangible proof to back that up too. (as others do)

Are they any different than ANY other exchange ? no i don't think so.. sad and scary part is they are better than the others.. what does that tell you ?

If people knew what i (and others) know they would list far more than issues with *just coin deposits as the problem.

They are a lost cause don't waste your time with them.. it's scam coin exchange.. if anything expect things to get worse not better.


So out of the wood work comes Spoetnik first are you not the original coin gen people could come to you and you would pump out a shit coin in 10 min for them........ but here you are again leading the charge changing your tune how convenient it so funny that 3 people that have made a lot of money (well 1 that lost a lot of it we wont go into that) off creating SHIT COINS are here to clean them up thanks guys way to go pat on the back. Lets get real here Mudda R3wt Spoet you are the problem and have been you stir the pot to remove the blame from yourself its childish and kinda funny at this point. Cryptsy as a former chat mod or current chat mod IDK i would say i disagree with paid voting on the other hand the rest of these issues that people are whining about have been good decisions for you as a business maybe not coins as a whole but that is not your responsibility R3wt how many shit coins where on Openex before you lost it all?   i dont think we can blame the exchanges i dont think we can blame the new devs the ones to blame are the 3 that started this mess a long time ago. So now to address JD and the accusations against him yes he did troll and beg but he also did work for others and helped others around this community and the coin you speak of is a well respected coin by most HBN he didn't make it he didn't ask for it i was there in the cryptsy chat box the day it was created for him. HBN was a gift to the Hobo formally known as JD and he poured himself into it promoting and doing philanthropy  DOGE didn't do the first crypto donations HBN did JD did he has contributed a lot to this community and shame on you for calling him out. If JD was given a paid position it was based on his merit and work in the community and i for 1 think he deserves every dime (or CENT  ;)) they give him. There is this famous book you may have read and that i don't quote often but has great incite into common sense and morals: " do not attempt to move the speck of dust from your brothers eye before removing the plank from your own" you may not believe in what that book stands for as i do not but the advice i think fits well here. So Spoetnik will you please crawl back under your troll bridge and take muddah with you thanks guys


Title: Re: How i lost respect for Cryptsy
Post by: lajz99 on April 02, 2014, 04:11:27 PM
Shall we start the discussion around Cryptsy employees creating "shitcoins" that automatically get added to the exchange?

Let's start with CASH...how much volume does that do each day?  What makes it different from the 500 other coins out there?


Title: Re: How i lost respect for Cryptsy
Post by: Kruncha on April 02, 2014, 04:42:08 PM
Give Cryptsy a break, they serve a purpose. you don't have to trade there exclusively.

K.


Title: Re: How i lost respect for Cryptsy
Post by: dogechode on April 02, 2014, 04:57:03 PM
Odd about Cryptsy: its feeshares have plunged over the last week or so.

https://cryptostocks.com/securities/57

So has its latest dividend payout per feeshare...

  • 21 Mar: 0.00017992 BTC
  • 14 Mar: 0.00023112 BTC
  • 08 Mar: 0.00033808 BTC
  • 03 Mar: 0.00023617 BTC
  • 22 Feb: 0.00037214 BTC
  • 17 Feb: 0.00053746 BTC
  • 08 Feb: 0.00034018 BTC
  • 02 Feb: 0.00052942 BTC

Something's not quite right...

Well that does make a little sense actually since most coins are doing shitty right now and it sure seems to me like overall trading is down. The period of investors diving onto every new shitcoin to hit the market appears to have subsided a bit now that they are realizing that 99% of them go no where, the devs disappear and the coin sits in the gutter for months on end.

I was a big user of CryptoRush, but obviously am not using it right now. I am currently testing the waters with Mintpal and Bittrex. Bittrex has a ton of coins but doesn't seem to have high enough volume for me (yet.)


Title: Re: How i lost respect for Cryptsy
Post by: frobley on April 02, 2014, 05:03:54 PM
Never had any worries with crypsy
Resolved couple problems (one my own doing) via ticket in < 24hrs


Title: Re: How i lost respect for Cryptsy
Post by: Equate on April 02, 2014, 05:04:05 PM
Their support is good but you have to wait for some time to get response.


Title: Re: How i lost respect for Cryptsy
Post by: ptopex on April 02, 2014, 05:04:34 PM
 
lol

In crypto you follow people and opinions until their morality is laid bare and exposed for the greedy whores they really are. Then when you find out that your are dealing with a whore it is time to move on and never look back or she will leave you broke and holding your limp noodle in your hand.
~~~~~~~~~~~~~~~~


so cool!


Title: Re: How i lost respect for Cryptsy
Post by: loszhor on April 02, 2014, 05:10:43 PM
The worst I get with Cryptsy is the occasional long withdrawal times but they always get there.


Title: Re: How i lost respect for Cryptsy
Post by: DieJohnny on April 02, 2014, 05:39:41 PM
Shall we start the discussion around Cryptsy employees creating "shitcoins" that automatically get added to the exchange?

Let's start with CASH...how much volume does that do each day?  What makes it different from the 500 other coins out there?

This is the canary in the coal mine, any legit business tries to maintain some level of respect. Cryptsy has no such model. They are business planning in the basement of an unfinished house with stubbed power to their server that is locked with a house lock in the back corner of the room. It smells like beer but it is really the piss from the dog that was locked in the basement for three days when the owner forgot about it during a meth binge a month ago.



Title: Re: How i lost respect for Cryptsy
Post by: BitJohn on April 02, 2014, 06:23:05 PM
Shall we start the discussion around Cryptsy employees creating "shitcoins" that automatically get added to the exchange?

Let's start with CASH...how much volume does that do each day?  What makes it different from the 500 other coins out there?

This is the canary in the coal mine, any legit business tries to maintain some level of respect. Cryptsy has no such model. They are business planning in the basement of an unfinished house with stubbed power to their server that is locked with a house lock in the back corner of the room. It smells like beer but it is really the piss from the dog that was locked in the basement for three days when the owner forgot about it during a meth binge a month ago.



Drive on down to FL take a tour I think you'll find the offices and data center to be more than exceptional. Then take a drive to the other alt exchanges and check out their offices and meet their staff.......


Title: Re: How i lost respect for Cryptsy
Post by: dogechode on April 02, 2014, 06:26:48 PM
...Then take a drive to the other alt exchanges and check out their offices and meet their staff.......

I think you mean fly, and you better get a hepatitis shot first and bring a deck of pokemon cards as a peace offering.


Title: Re: How i lost respect for Cryptsy
Post by: BitJohn on April 02, 2014, 06:30:21 PM
Oh and for those that haven't read it Paul did a great interview the other day talks a lot about some of these current questions.

http://www.coindesk.com/cryptsy-founder-paul-vernon-worthy-altcoins-pre-mining-compliance/

also if you haven't heard this episode of Lets talk Bitcoin we break down a bit more of our stance on things.

https://www.youtube.com/watch?v=hAE8rDQ4tk4


Title: Re: How i lost respect for Cryptsy
Post by: Nxtblg on April 02, 2014, 06:35:58 PM
Odd about Cryptsy: its feeshares have plunged over the last week or so.

https://cryptostocks.com/securities/57

So has its latest dividend payout per feeshare...

  • 21 Mar: 0.00017992 BTC
  • 14 Mar: 0.00023112 BTC
  • 08 Mar: 0.00033808 BTC
  • 03 Mar: 0.00023617 BTC
  • 22 Feb: 0.00037214 BTC
  • 17 Feb: 0.00053746 BTC
  • 08 Feb: 0.00034018 BTC
  • 02 Feb: 0.00052942 BTC

Something's not quite right...

Well that does make a little sense actually since most coins are doing shitty right now and it sure seems to me like overall trading is down. The period of investors diving onto every new shitcoin to hit the market appears to have subsided a bit now that they are realizing that 99% of them go no where, the devs disappear and the coin sits in the gutter for months on end.

I was a big user of CryptoRush, but obviously am not using it right now. I am currently testing the waters with Mintpal and Bittrex. Bittrex has a ton of coins but doesn't seem to have high enough volume for me (yet.)

Funny thing is, the feeshares mostly bounced back since I wrote that first post. So you're probably right.

Nice buy for someone brave enough to step in [ who also had BTC to spend, unlike me  :-\ ]


Title: Re: How i lost respect for Cryptsy
Post by: lajz99 on April 02, 2014, 06:46:52 PM
Alright, let's move on to the next topic...

Paid "votes" (bribes) to add new coins!  One of my favorites!

I LOVE this quote from Paul:  “We have to listen to the majority; try to get a sense of what people like. I wanted to add some transparency of how we added coins.”  

Personally, I don't see how a single person spending BTC on votes for a single coin is listening to the "majority"...  At least they did put the bribes out in the open though.   ::)


Title: Re: How i lost respect for Cryptsy
Post by: BitJohn on April 02, 2014, 06:56:25 PM
Alright, let's move on to the next topic...

Paid "votes" (bribes) to add new coins!  One of my favorites!

I LOVE this quote from Paul:  “We have to listen to the majority; try to get a sense of what people like. I wanted to add some transparency of how we added coins.”  

Personally, I don't see how a single person spending BTC on votes for a single coin is listening to the "majority"...  At least they did put the bribes out in the open though.   ::)

I replied to this in the other thread. Coins paid and unpaid voting in our opinion shows financial backing for a coin. If you'll spending money voting for it you'll likely also provide services and care and feeding for the coin. It also seems to be a good indicator of potential volume. It does little for the bottom line honestly it does however pay for the costs in adding the coin.

What system would you propose? I don't think there is a best way, but I do feel this one provides a disincentive to keep building clone coins with no financial support.


Title: Re: How i lost respect for Cryptsy
Post by: dogechode on April 02, 2014, 07:12:13 PM
I replied to this in the other thread. Coins paid and unpaid voting in our opinion shows financial backing for a coin. If you'll spending money voting for it you'll likely also provide services and care and feeding for the coin. It also seems to be a good indicator of potential volume. It does little for the bottom line honestly it does however pay for the costs in adding the coin.

What system would you propose? I don't think there is a best way, but I do feel this one provides a disincentive to keep building clone coins with no financial support.

John, this is one area where I disagree with you. I think the culture of accepting bribes to list coins is a really bad one that will not benefit the digital currency scene in the long run. It makes things look shady. If the NYSE held voting to determine which companies could be listed on their stock exchange, and they allowed votes to be "bought," how do you think that work turn out?

The vote buying system indeed encourage pump and dump coins because the devs, who have pre-mined a bunch of coin and want to unload it rapidly, will gladly pay some btc to get the coin listed knowing full well that they will receive a massive return on their vote/bribe investment by being able to dump their pre-mined coins quickly on a high-volume exchange.

I think a much better system would be to eliminate vote buying, and change the voting process so that you can vote ONE TIME ONLY in a voting cycle. The whole "vote x times an hour/day/etc is also very absurd and prone to abuse. It would be much simpler and fairer if each member could simply vote one single time in a voting cycle, then the exchange tallies up the votes at the end and lists the coin that won. Also, only members who have an account and have executed trades should be allowed to vote. Maybe there should be a minimum volume requirement as well (ie you have to have traded at least X btc worth of coins since opening your account) in order to vote. That would deter people from making accounts (and/or multiple accounts) solely to vote.


Title: Re: How i lost respect for Cryptsy
Post by: lajz99 on April 02, 2014, 07:36:22 PM
^^^ I could not have said it any better myself, there are PLENTY of ways to make the voting more fair, just requires a little effort...


Title: Re: How i lost respect for Cryptsy
Post by: Carpe Diem Coin on April 02, 2014, 07:46:23 PM
Please remove the BTC address for paid votes for DIEM. We asked that several times prior to being added to the list, but now we have one. Remove it please, we don't agree with paid voting

DIEM   CarpeDiemCoin   1Hy9Yfqsj4o2YVb7hH9hGnKfH8V2bGH9CN


Title: Re: How i lost respect for Cryptsy
Post by: jumpmanjay on April 02, 2014, 08:14:39 PM
Oh and for those that haven't read it Paul did a great interview the other day talks a lot about some of these current questions.

http://www.coindesk.com/cryptsy-founder-paul-vernon-worthy-altcoins-pre-mining-compliance/

also if you haven't heard this episode of Lets talk Bitcoin we break down a bit more of our stance on things.

https://www.youtube.com/watch?v=hAE8rDQ4tk4
Good read, thanks!

Oh, and for people who are complaining about the UI, if you want to try using Cryptsy on a native Android app, give mine a try! (link in sig)