Unlike some of you I actually read what the lawsuit is about. It states that Cryptsy misled people by promising profits. That is crap. Ive been on Cryptsy since the first week they opened and have never heard Vern or the site mention any guarantees or promises. All exchanges uses bots to place orders for the percentage of coins they receive from transactions. That is understandable. Bittrex creates coins to do this where Crypsty only created mining contract shares. I would like to see exchange owners manually set sells and buys with the fees collected to make it more fair. Plus those lawyers released the lawsuit details before contacting Cryptsy which opens the lawyers up to countersuits for defamation and loss of revenue. If they succeed against Cryptsy they will hit every American based exchange. We have all seen what happens when we rely on foreign based exchanges that are not forced to recoup losses.
dont forget all the new regulations that will make it impossicble to do business in usa in this just like dodd frank bs laws did to forex trading all ran for the border and it wasnt taco bell pigout cryptsy will be toasted mark this down if cryptsy was smart would of sold it , its just like trading gas in usa cant do and they hate crypto and u will see
i agree dev should be working hard and it needs alot
so lets get busy and stay up all nite smoke alot and make crucial business videos after it all
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