Why would Cryptsy stop all withdrawals unless they plan to liquidate all the altcoins to accommodate their BTC account holders.   That is blatant theft.  I won't be losing much but its still theft.

I should have kept my coins in my wallet instead of trusting an exchange.  With no regulations, exchanges can do as they please.

I would say its akin to a game publisher shutting down their multiplayer servers because the game was hacked beyond repair.  No refunds for software purchases.

I have some coins I bought in 2013.  I'd like to get them out but Cryptsy withdrawal is locked.

I was considering advertising Stablecoin on CCN to increase volume.  Since I can't get my coins, it won't happen.

Looks like Stablecoin is officially dead with the demise of Cryptsy.  Bet the people running Cryptsy will profit nicely.  Typical MO, exchange was hacked, large amount BTC and LTC stolen, then exchange disappears, very convenient.

Cryptocurrency is a joke with most trades for pennies or less.

Also, with one of the lead devs for BTC leaving because the transaction time is in terms of hours.  Not very practical for eCommerce.  BTC will be valueless, soon.

Here are a few more I found 

BREAKING NEWS: STABLECOIN CHOSEN TO BE THE OFFICIAL CURRENCY USED TO PAY SEX WORKERS IN THE VATICAN

BREAKING NEWS: STABLECOIN ELECTED ALTCOIN OF THE YEAR 2013 BY FORBES

BREAKING NEWS: STABLECOIN EXPECTED TO BREAK $2000 A COIN IN 2014 BY NSA EXPERTS

I found this info tidbit posted by the now defunct stablecoin.eu site:
BREAKING NEWS: STABLECOIN FORMER ANONYMOUS LEAD DEV STABBED TO DEATH IN A UFC DILDO FIGHT.

Did anyone read the article and was it legit?   Seems a few years ago I saw this but didn't read the article because I thought it was a joke.  Any truth to it?  If anyone has a copy of the article, feel free to post?  If true, we now know what happened to the lead developer.

Is this coin going anywhere?  Over two years, it has been in a trading range between .00000050 to .00000080 BTC with one spike to .00000400 BTC where it was dumped back to the trading range.

Everytime someone buys driving the price up someone else sells a few coins to drive the price back down.  Is Stablecoin to remain stable in the range of 50 to 80 satoshi?

This is very discouraging to even consider in trading in this coin.  Perhaps there is just not enough trading volume.

Here is a short synopsis.  Edit at will.


Stablecoin

Stablecoin was published in 2013 as a new cryptocurrency as an alternative for the high network difficulties associated with Bitcoin and Litecoin.  Like Litecoin it uses the Scrypt mining algorythm, which means GPU hardware is required to mine Stablecoin.  After an initial release and about six months, the original developers published a website to promote Stablecoin.  The website provided a forum with wallet download links and ran for about a year.  The website was hacked and the forum was under daily attack by a cut and paste poster or bot, that posted lengthy sports articles making the forum useless.

With the high network difficulties associated with Bitcoin and Litecoin, Stablecoin is believed to be an ideal choice for the low budget GPU miner.  This makes Stablecoin a well distributed coin as opposed to the skewed distribution of Bitcoin and Litecoin with some holding most of the coins and many holding a few coins.

Version 1.5 of the Stablecoin wallet is believed to provide the best distribution of coins by increasing the difficulty exponentially based on the network hash rate.  I believe the theory behind this is to make Stablecoin more attractive for low budget mining rigs.  If the Stablecoin network is hit by Scrypt ASICs or large mining pools the difficulty will increase making it very difficult for these miners to find blocks.  This is a unique feature exclusive to Stablecoin.

The original developers have not made an appearance in over two years and many feel Stablecoin has been abandoned.  Recently, new developers have taken charge of development and enhancements of Stablecoin in the hopes of reviving its earlier popularity and increasing interest while maintaining the original state of the core code.

Stablecoin Group

So, what's the delay in creating a website for wallet downloads?  Is it a coding issue?  Cost?

I have considered providing a website for wallet downloads of version 1.5 for windows but haven't gotten around to it.  Is the zip of the 1.5 version redistributable?

Many are cautious about someone trying to pump the price so they can dump their coins.  Without a website there is no confidence there is an effort being made to continue SBC.

The sudden rise in value of SBC in 2013 was not a pump.  There was a bot owned by Mt Gox, named Willy, that was buying BTC with enormous amounts of fiat that didn't exist causing Mt Gox's posted value of BTC to skyrocket.  This spilled over into the altcoin market causing an increase in value for most altcoins.

Seems that Artos and his group took action to promote SBC, at that time, with a new website and a wallet update.

What process is being used to build a community for this coin?  How can new developers unlock the current code for modifications and updates without causing a fork in the blockchain?

I have been watching the Stablecoin exchange since its inception on Cryptsy, just out of curiosity.  It ceases to amaze me that most trades are for fractions of a US cent.  Whats the point other than to depress the value of SBC?

What venues are being used to advertise SBC?  Also, the coin must have some utility to be useful or it won't be accepted as an investment for future higher value.  The only utility it could be used for that I can visualize is for discrete international fiat transfer.

One trader could buy most of SBC with a few thousand USD.

Maybe convincing Cryptsy to put SBC on the FIAT exchange will help.  It would make SBC buying and selling easier.  Not sure what the requirements Cryptsy has for that.

Also, the time it takes to find a block seems to increase as the hash rate on the SBC network increases.  Whats up with that?  The number of blocks mined should have been well over 1 million by now.

Are you planning to fork the block chain or leave it as is?

After Artos made an appearance with a new website and a wallet update, SBC went from about 100 to 60,000 satoshis around November - December of 2013.  Maybe SBC will make a come back, will just have to wait and see.

Is Artos and his group officially gone for good or are they waiting for another bounce?  There was alot of controversy over the premine of 1,250,000 coins, which Artos explained they were removed from the genesis block and destroyed.  Most coin developers premine their coins before letting it go public, wonder why SBC was targeted.

So, how do you plan to do anything to the coin without producing a new genesis block and making a new start?  Do you plan to use the Stablecoin name for the new coin?

Since Coinwarz has dropped SBC, maybe the ASIC miners will leave it alone.  They cause the difficulty to stay too high.  So far I have mined 4 blocks in the last 9 hours at 700 khash/sec.  When the difficulty drops some more, I should be getting more blocks.

Cryptsy explained that trades on their system aren't registered on the block chain, only deposits and withdrawals.

Looks like 11 new blocks were generated in the last 3 hours.  Strange, it would be great if the devs returned and updated the code.  They are the only ones that can modify the code for the current block chain.

There have been numerous trades on Cryptsy.  Where are those transactions going?  The block chain I have been monitoring is at http://sbc.blockexplorer.io/chain/Stablecoin

Is that the correct one?

The block chain hasn't updated in 5 days and my wallet won't synch.  Has there been a fork in the block chain?

The dev(s) disappeared over a year ago.  There has been no development since the release of v1.5 over a year ago.  Maybe another group will takeover development.  I have given development some thought but just don't have time for it.

As far as inflation rate, from the coin specs, it says 1 minute block time but that's not correct.  From SBC's performance it looks like the block time increases as the network hash rate goes up.  Before the dev(s) disappeared it was stated that SBC was made resistant to 51% attack.  They apparently added this feature because someone caused a fork in the block chain back in 2013.

From looking at the code, the max supply is 250 million coins.  Not sure what you mean by inflation rate.

I have come to the understanding that Cryptsy puts wallets in maintenance awaiting a response from developers concerning wallet updates.  If they get no response then they assume the the wallet is not being developed.  The wallet will remain in maintenance until either the developers contact Cryptsy or SBC traders complain about the wallet being offline.

If Artos isn't going to do any further development or someone doesn't take over in development then what's the future for SBC?  Artos must have screwed over alot of people because he just evaporated from the scene.  Its been about a year since anyone has heard from him.

What do you think, will Artos return or has he permanently abandoned Stablecoin?