Spoetnik,
I occasionally still read this thread every few months, and what you just said is the first time I felt the need to reply. I think you hit the nail on the head so I have replied in line below.
I've posted that on here before and I lean towards him moving to South America or some shit.
Nah he is probably in China still.
I think he would avoid touching the coins out of fear of them getting tracked and then having been found.
I don't think he stole them. With that said I also think whoever did got scared, and tossed the keys.
I posted here long ago I think he got sick of it all and wanted out.
That was the driving force..
Coupled with a changing climate I harped on with his chat box..
He seen what I seen and cashed out and walked and did what many do when the titanic hits an iceberg..
Spoetnik hit that on the head.
And that is rip off shit on the way out the door.
Define.... If you mean compliance look at polo and coinbase everyone is doing the same things some slower than others... All US based are being compelled. Read the other threads. I only defend it because in the final days all of us were trying to keep the government happy.
I was watching since month one bud..
I know these people a hell of a lot better than you do.
You damn sure were since day one my friend. I remember you from the first days, and always respected your opinions. If I was able at the time you were removed to bring you back I would have... I always have always welcomed you to express your opinions and been up for debate.
Vern did not like the spotlight or dealing with people publicly..
He went on his chat box a couple times a year.
In video interviews he was shy and awkward.
Spot on
He's not a bad guy and was always trust worthy until the end.
We all felt that way.
He made a mistake.. One of opportunity.
I do think he did not steal the coin in question (the hack)... I also feel he stole lots of money in other ways (embezzlement) the evidence on that is clear.
Making him out to be a monster who planned this scam out from day one is stupid.
He meant well but wanted out.. So he closed up shop.
Agreed though in the final years I'm hesitant to speak out on his intention.
And I too would have probably stolen all the money in the bank before I closed it.
I don't see that as surprising really.
Have you all sat on millions in money that you could take with no one watching?
Before I resigned one of my biggest questions was how was he paying for the China trips when were struggling to pay the rent?
He is guilty I think but let's be real.. He meant to run a service but things went to shit.
Agreed
Many of you are forgetting when the so called hack happened crypto coin prices were dropping for 2 year steady more and more.. And users were drying up at Cryptsy.
So the situation from his own business perspective had to be fairly bleak.
It was and was not if managed properly... Cryptsy would have easily survived even the hack... To much money was pulled out of the company, and not reinvested in my opinion... Not to mention the personal wealth he had already...
I subscribe to the theory that he got sick of this shit and walked away..
He sure as fucking hell would not be the only one either..
I dumped all my BTC as It hit 1k each knowing the feeding frenzy and scammy coin cloning antics and rush of shit head NOOBS piling in would cause a deep recession... I kept saying it on Cryptsy chat and I know Vern heard me saying it.
Me and Vern walked at the same time pretty much..
Agreed
And I was right.
You were
Prices of alt's were decimated until mid 2016 when a new rush of retards rushed in fer teh roiz.
Even BTC hit sub 300 as I seen coming a mile away.
Agreed and still happening. I will insert here Cryptsy, and employees made ZERO alts. The ones we did were all pretty public,and all pre-employment there were like 12 at the time. The rest I have a good hunch where they started... IPO's ICO's
Many of you are off base on this clueless..
Agreed.
I think the moral of this story is money corrupts.
Vern started with good intentions but..
Agreed
He likely had personal reasons coupled with his view that crypto was dying..
It was guy's.. NOOB's here now will have no clue that happened.
They are wrapped up in the new fantasy land of never ending raining ICO SCAM money now.
But i watched as BTC and every Altcoin was decimated for YEARS.
BITCOIN ITSELF WAS SUB $300 Instead of over a grand and rising..
User growth slowed to a crawl and many left..
Altcoin prices were slaughtered leaving tons of broke bag holders.
The climate in crypto was vastly different than it was now.
There is no way that did not factor into Vern's decision to leave.
And look at this way.. Guilty or not he still decided to leave when he did!
If he managed to give a shit for a few more months and fund his company... You still wouldnt know it happened. Ill throw in here that Im a believer that most of the exchanges have been hacked and either they just refunded themselves externally or are just able to cover the losses.
I also posted on here why I quit and how I figured Vern agreed with me.
Even BitJohn said he did when back in the start of 2014 he was still arguing..
That shitcoin support is good.
It's not.
Spoetnik was right on that note I do not even support Bitcoin anymore.
It will collapse and what I kept saying all over is it's hard to feel sorry for greedy worthless selfish short sighted losers who show up here raping crypto for quick chump change profits.
Which is who flooded into crypto.. Not supporters.
But open mouth breathing baboons hell bent on profiting off of anything that was paying out.
When Cryptsy started it was about the miners about the not rich folks... That is why many of us joined. I was customer 14... It was also when we had like 12 cryptos... After that the competition was fierce if you did not add it they would. I recommended many Etherium was my last we didn't add it... In my opinion that was the beginning of the end. Paul was not around to implement it and only he could add coins.
Cryptsy pandered to these idiots while I kept lecturing them..
Would you give your kids candy every night for dinner?
Over and over all the Cryptsy guys cited "user demand"
So they could reap the reward while the going was good..
Then the kids got cavities..
I warned them not to pander to STUPID people.
They would not listen then it went to shit..
Spoetnik has always been the GOOD voice of reason. Not everyone in the company felt that way...
At that exact time Vern was doing his shit.. Setting up his exit.
Likely
This is why pandering is bad.
The people being pandered to will always turn on you eventually.
None of these people care about Cryptsy.
They are quislings.. Turn coats..
Shady money grubbing brats interested interested in one thing.
And that sure as fuck ain't supporting crypto.
Agreed
So do I feel sorry for them?
Nope.. Not really.
I think I can say for anyone that worked at Cryptsy that the EMPLOYEES all feel sorry for them. The environment for 98% of the staff was let crypto thrive and help the people... There may have been a guy or two that were painful internally to deal with...
Many knew better and refused to listen all the way up until Vern had to actually close the doors.
Because they were peddling their shit crypto to the end. When I say the end they began again the next day right where they left off and continue to do so.
No matter how bad it got there was cheerleaders hell bent on sucking cock and crying FUD online.
Some of that burden we the former employees painfully accept as our fault... We believed what we were saying. Like Horus has stated numerous times the books were cooked... It was not until the final days I got to see some books, and I resigned. On that note I fully expected Paul to cover the losses with his personal wealth at the time I left. He could have covered it all...
So they could exploit people trying to leave by standing in the middle of the Doge coin exit ramp.
Those same assholes there at the end buying all the Doge coins to arb with are now playing victim on a class action lawsuit.. Looking for sympathy and demonizing Vern and staff.
Doge coin issues have been replicated on other exchanges at this point with Ether... To much load for such a virgin infrastructure to handle. I still stand by Doge had a NASCAR Spoetnik haha.
They too must share some blame!
Beyond you who saw the writing on the wall for Alt coins early I'd agree we all do...
I warned people loud when GOX was pulling the same shit too..
It played out the exact same.
If only we had talked more... But on that note in retrospect many of the same things led to the Cryptsy fall. Again I will say from what I know of the other exchanges they are run in the same manner so buyer beware.
You all don't learn.
Or accept responsibility.
You only learn when you get bit. I think I can speak for many when I say that its been 24 months since I have traded or touched crypto... Crypto to me is poker or slots... Maybe with worse odds.
B
ut it does not bother me that much because..
Many of you are cocky mouthy little mouthy brats.
I have been on the internet longer than many brats here have even been alive.. Jiggling their little dick holsters at me.
Preach brother
There is no age requirement here guys.
Which is why Polo shut down the chat box.
Stupid brats running wild.. Controlling crypto.
They shut down the chat box to cover issues from the public eye... We did it when our servers couldnt handled the load in the early days. I say we but it was not an option. I fought to get it back.
And Cryptsy was giving the keys to drive to the kidiot profiteers.
So I think if crypto kept getting better Vern would still be running Cryptsy right now.
I agree
Anyway..
I think the key may be to look at TX's between Cryptsy and Cryptsy China.
He had to have funded it and that should have some links to uncover..
That might shed more light on this and maybe even expose where he is.
Probably though I bet hes in China and living well and not off the hacked coins. Again this is my biggest issue with the whole thing is EVEN with the hack Paul could have just fixed it out of hide he was wealthy pre-Cryptsy from other ventures. He had the wealth and left us the employees in the dark.
On a personal note I apologize to anyone harmed that feels that myself or any of the Cryptsy staff (Let me change that to most staff) led you to invest or do anything with Paul, and Cryptsy. In the final days we the staff were not in contact with Paul 99% of the time. It was a headless company running on data provided by a false interface. We tried to improve, and generate revenue to keep it running.. The new look and some of the other things was us striving to try and keep the company running with very little input from the boss who was in China. Working on Cryptsy China.
To answer the why most Cryptsy Staff don't speak out? They don't live in Canada with the Maple Leaf shield and do not want to be Paul's fall guy. Shout out to Horus for continuing to be an outstanding guy and earning back everyone's respect he deserves it.
Lastly for the conspiracy theorists. The only people at that time with the power to steal the coins internally were:
Logan - Admittedly had all the passwords over time in the data center. Let go for being unstable (Likely Drug Related) With that said I do not think he took the coins he did not understand wallets, and Crypto and from what I know he still in the US with no money..
Mullick - Only had wallet access to most wallets. When wallets ran empty We complained to Mullick he complained to Paul and walla magic coins would appear, but as previously stated the most valuable wallets Paul would not grant access only refill when requested. It got bad when he went international as when a wallet would run dry only he could fill it. Of all the employees Mullick and I were close (internet buddies) Bottom line he didn't do it he is nearly broke now, and worked/works for the receiver.
Paul- Well I loved the guy like Spoetnik said he is a nice shy guy who just rubbed you the right way... Bottom line you cant have millions in personal assets, and move to China with no possible way to maintain income and defend the fact you could not reimburse a million dollar (at the time liability you had). Not to mention he ditched his wife and kids. The stories don't add up, and I have to lean toward we were all taken for fools (Cryptsy Staff).
With that said leave poor Jim alone the guy is easy to pick (porn background and crypto ignorant) on but definitely not in cahoots with Paul on this piece he is broke and probably bankrupt at this point, but I am confident he did not know, and was not involved. He and I were both remote employees like Horus. Both he, Horus and I only ever visited the HQ in Florida one time. Remote employees made about 30k a year or less. Some never mentioned here (or publicly EVER made) 150+k. Horus can vouch for that though I am more than confident he despises the man I tried really hard to mediate between the two...
With all that said Gleb, Spoetnik keep up the good fight. Someone has to.
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Priceless posts from the past.
