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881  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 16, 2014, 10:31:56 PM
A new exchange supporting Cinni
Iccurex has listed Cinni in both a BTC and LTC market.
Please update the list of exchanges Wink


One notable benefit of using Iccurex is its impossible to manipulate volume or panic via self-trading here as the exchange will ignore users to attempt to buy/sell into their orders.


The support is very active on social networks and they have translated the site and interface to Korean, Japanese and Chinese making the use of exchange alot easier and convenient for speakers of those languages Smiley
882  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: May 16, 2014, 10:06:17 PM
Well I think a good idea would be to have UltraCoin listed on a fresh new exchange like icurrex.com
They just opened its doors and we can all vote for UTC there right now.




Still in their first week of operation so a very good chance Ultracoin will be listed if everyone goes and votes this week.
Everyone gets a FREE vote every 30 mins and they will review the results every 7 days for choosing next coin to add Smiley

Great opportunity for UTC believers to gain an additional exchange for ultra-arb network as they also have provided an api for grabbing market data Wink

One thing i like about this new exchange is that its impossible for the self-trade/fake price/fake volume manipulation.
Mintpal and Cryptsy will have to change their ways for sure if they want to survive new regulations and meet FinCen, SEC guidelines and other authorities who are now watching the behaviour of crypto exchanges closely for things like this.


On Icurrex it is impossible as can be seen above,  meaning less fake panic and manipulation being caused by whales and p&d groups.

Support has been very responsive active on social media and I think it would very beneficial for UTC to get listed ASAP.  They did some maintenance before and I noticed UTC votes had been reset, they fixed it within 15 mins! Smiley
Make an account there, vote and help get UTC added! Smiley
883  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 16, 2014, 03:49:36 AM
Multipool still mines x11 coins, so miners there should get a nice amount of Cinni as a result of the pumps on these coins?
884  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BETA][EXCHANGE][REALTIME] CoinEX realtime exchange on: May 16, 2014, 01:14:30 AM
The litecoin wallet got fucked up again, I was able to withdraw 8 LTC , but today tried to withdraw 3.5 LTC and got queued .

its probably because someone deposited ltc there, so there was some ltc in the exchange wallet for others to withdraw.
885  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 15, 2014, 12:19:48 AM
Who are the idiots selling now?


It is your fruit, you spread FUD, now the price is crash

fresh graduates form the utclover school of FUD putting their education to use soon they will find another coin as these tricks become less effective on Cinnians Cheesy
886  Alternate cryptocurrencies / Announcements (Altcoins) / Re: THE INVESTOR'S CRYPTO | Cryptogenic Bullion | CGB on: May 14, 2014, 11:34:15 PM

Digit, I don't have anywhere near as much as you, but can you say a bit more about the manipulation you observe at cryptsy?  I'm thinking about getting into more active trading but I'm pretty new so I'm trying to learn more first.

I'm just a little fish in the CGB world Smiley

About manipulation not everyone would see it this as that but one of ways that can be seen is fake volume being created on a coin by a single user eg with enough btc i can repeatedly sell/buy into my own orders.  Doing this i can create the impression of ALOT of trading activity which adds to the illusion of an exchange being popular/large number of traders and force the price to shift in direction i want. This is even easier to accomplish when the distribution is concentrated/centralized or only exists on one exchange.  100 BTC 24hr volume a user can use their own self-trading to get those numbers. it can be as simple as 10 x 10BTC worth of that coin bought and sold over the day. Of course someone will not be that obvious about it, and it could even be considered an art to create a natural looking pattern.  

Preventing single users from self-trading can help reduce this and make it a little more difficult and it would mean to create the same deception would required multiple accounts to be used and funded.  If there is some regulation standard for an exchange then i would assume they would also be expected to monitor and flagged this type of behavior especially if it could be seen same ips being used to manipulate a coin.  Also exchanges that dont allow self-trading means users are less likely to panic if a big dump occurs which as far as anyone knows could be one person simply dumping a huge amount of coin into their own orders.

Any long time users of cryptsy will have also seen when new coins are listed there, an inflated buy order will magically sit there for hours while deposits are held.  There may be a good reason for this but the effects of it that after users get their coins the price immediately plummets and the exchange now controls a large amount of coin that is unlikely to be withdrawn.  

Here is a couple of posts about previously glitches from other users
Cryptsy Warning - Glitch Detected - Buying more coins than balance should allow!
Cryptsy Double Spends are Back. Trade with Extreme Caution- See for Yourself
You can find more examples of it and others w google but its leaves the question that if a coin can be "oversold" or "overbought", even if the audit corrects the balances so those users owe the exchange, how much of the glitched coin has already been traded?  
Google results - https://www.google.com/search?q=cryptsy+balance+negative

For a coin like CGB i think this is important to considered the effect of glitches combined with it being centralized on an exchange where this has happened more then once eg: more coins existing in the orderbooks/users accounts (who bought the glitched coins) then the exchange holds in their wallets.  
Imbalances could maybe be fixed over time and are probaby a a non-issue with coins that have ridiculous 100B supply/high reward etc.  But for coin like CGB where scarcity is one of the main benefits of holding this would be upset if significant amounts were to exist in this type of fractional reserve accidentally created by glitches.

Also I doubt that dishonest users who deliberately took advantage of trade glitches when it existed will fix their audited accounts or they might wait until a more favorable price in the coin they oversold can be used to fix their accounts at later date (eg considerable amount of BTC locked up because of negative WDC balance).  Honest traders who accidentally oversold a coin have found themselves in situations where they to had buy back the oversold amount and this really cost them if the coin has jumped in value by a huge amount.  Cryptsy doesn't consider themselves at fault when these trade glitches happen and users are expected pay up or cannot withdraw any of their altcoins they have on exchange.

I had this happen to me a few times way back simply when Cryptsy had severe lag issues (DDoS/order flooding it was never made clear why) I went to sell some grandcoin which i had bought a month back for 40-50 satoshis, it had gone up pass 200 satoshis so a good time to sell what i had. I placed my sell order - nothing happened.  Refreshed and i see coins are still available to place so i try again to place a sell order and again nothing happens. I assume the lag is preventing my order not going so  i try again a couple more times until I refresh and find that site does not even load now. Decided to return later in a few hours and i find that Cryptsy has now sold ALL my GDC + GDC amount that did not exist.  I receive the BTC from selling but am left with negative amount of GDC. Unfortunately for me at that time GDC price has gone more then what i sold for and so I'm in a situation where i have to buy back or deposit to fix my balance at my own cost if i want to be able to withdraw. Luckily i had GDC i could deposit there so it was not too costly to fix my balance at my own expense.  But it left me and others very cautious about trading or leaving large amounts of coins there especially if its BTC, LTC or CGB.


There is barely any trading going on and no buying pressure to counter the possible dumping of PoS blocks by cryptsy itself? I don't know how big their wallet is.

With a multipool at least you create some constant buying support and keep the price where it is (or maybe higher?).

Its not the magic answer to getting the price up, and more effective solution for 100% PoS coin that has low inflation.  CGB is mixed PoW/PoS but i think it can be effective because it does have low block reward/low inflation.  One interesting scenario that might exist if CGB price were to rise too quickly as result of CGB multipools, we might see 100% PoS coins multipools might switch mining it while the profitablilty was there.  Crazy crypto world  Cheesy
887  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 13, 2014, 10:40:59 PM
It's really obvious at this point there are big players that want to take the coin to high levels.

So let them do it.

The buy support is once again massive and we are clearly heading back up for the long term.
If you notice that Blackcoin is deflating and Cinni is rising. There is a reason.

450k satoshi is a very real possibility.
It's not happening right away. But it may in time.

450k would put Cinni @ #3

67.5mill market cap

Would be 67.5 k BTC or 29 million USD or the same as BC peaked at.
There is no reason cinni cannot be the same cap as BC hit with the same buying behind it.
We have already been nearly to nearly 3 million on the first round.

a watched pot never boils  Roll Eyes

Can we stop with the cinni vs BC, and its pointless to compared cinni to BC or state price it can rise to.  BC and Cinni are both excellent cryptos that can compliment each other as they fulfil different roles in the cryptocurrency world.   Lets stop continuously watching the price and instead help decentralize and promote Cinni instead trying to use it as quick and dirty p&d coin again or did we not learn anything the last few days  Undecided

Being able to convert BTC or FIAT into Cinni and be confident that in 1 year it will hold its value is more important then playing p&d on mint which only serves to divert serious investors to look elsewhere for a crypto to meet their expectations.  



888  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 13, 2014, 12:21:43 PM
RUM was number 1..  Someone is buying from what I see Smiley

#   address   balance
1   JKubTQZwRgTiXiWp7uG379rx7hZdzSEsgN   490 250.34131000 cinni (64.22 btc / 27 978.66 usd )
2   JWdGmYH27yFH3PNcjsUQFwuXvxwYsJeWiJ   482 186.82816600 cinni (63.17 btc / 27 518.47 usd )
3   Jgjr9TFL1djwwNYZ8CGWrhVNBz49bxdRUM   354 139.00000000 cinni (46.39 btc / 20 210.77 usd )


#   address   balance
1   JKubTQZwRgTiXiWp7uG379rx7hZdzSEsgN   590 250.31131000 cinni (89.42 btc / 38 688.38 usd )
2   JWdGmYH27yFH3PNcjsUQFwuXvxwYsJeWiJ   482 186.82816600 cinni (73.05 btc / 31 605.28 usd )
3   Jgjr9TFL1djwwNYZ8CGWrhVNBz49bxdRUM   354 139.00000000 cinni (53.65 btc / 23 212.29 usd

As can be seen one day and the top 1/100 has gained 100,000 Cinni . nicely


No, that top address is Mintpal.

mint has far too much cinni in their control, spread it around or stake some of the cheap cinni in yr wallet instead of selling at the first jump. Wink
889  Alternate cryptocurrencies / Announcements (Altcoins) / Re: THE INVESTOR'S CRYPTO | Cryptogenic Bullion | CGB on: May 13, 2014, 10:42:29 AM
have you thought perhaps about getting CGB away from and onto other exchanges besides Cryptsy?  

looking forward to the updated wallet, at the moment i have a small amount of CGB that i've kept for stake an added to over the past year.  I now have almost 1500 in my wallet, but also feel a little burned the way its been manipulated on cryptsy.  If i had spent the same amount of btc on CGB now at current cryptsy i would have 3-4x my current holdings, i'm not too obsessed about it, but i think CGB price would be more steady and resistant to manipulation and dumps if it were distributed across more exchanges then it is currently and a multipool was setup for it as well.

btw coinex should be removed from the exchange list, as the wallets were hacked and all coins stolen.  Anyone purchasing CGB there would not be able to withdraw it. 

890  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Digit [DIG] | Something Different! | Fully Transparent! | 1000 DIG blocks! on: May 13, 2014, 10:15:00 AM
I need to be more visible!?  Shocked

891  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Ultrafast 6 second transactions!! on: May 13, 2014, 06:22:25 AM
x
892  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CSY] Coinsy PoW/PoS on: May 13, 2014, 03:16:06 AM
but its been up for a few days, so how do you know no one has not been already mining? It would only take a couple of hours to get past the first 24 blocks
893  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CSY] Coinsy PoW/PoS on: May 13, 2014, 03:04:39 AM
so is this the coin that is implied here https://bitcointalk.org/index.php?topic=579784.0 for your new exchange?

why not a fair release with source and binaries released at the same time?


Everything is being released "at the same time". Tonight at midnight EST the first blocks will be solved.


so we don't need to be concern about the coinsy source that is available in github at the moment? Is it not possible for someone to compile that now and get a head start? Undecided

894  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 13, 2014, 01:52:48 AM
How do I unlock the wallet and still require a password for sending coins?

its for security. allows you to earn stake without the risk of someone sending your precious cinni somewhere when your back is turned

All the good PoS coins have this feature Wink
895  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 13, 2014, 01:14:49 AM
OP hasnt been updated but there is also a new exchange Icurrex.com thats been in development for some months and only went live yesterday, and Cinni is listed there as Cinni/BTC and Cinni/LTC.  so many exchanges with cinni support it amazing! Cheesy


896  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 13, 2014, 01:00:39 AM

BTW. Poloniex is better than cryptsy now.

no its just as bad, as it they all allow "fake trades" to occur.  anyone can buy/sell their own orders on those sites Cryptsy, mint and polo.  This means any one with enough btc can sell a large amount of cinni to themselves and create the impression of a dump.
 Even exchanges themselves can manipulate those markets as they do not provide a pubilic liquidity report to prove that amount of coins on markets can be backed up in wallets they control.
897  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 13, 2014, 12:52:19 AM
Why is a mint a popular exchange for whales?  because its easy to manipulate volume and create the impression dumps and pumps with self trades.  Anyone selling Cinni now is either doing so at a loss, or is a whale/manipulator selling into their own orders to trick others into panic.  If more people took advantage of the fact that Cinni is supported across a very high number of exchanges and started to move some of their cinni away from mint, it would be a lot more stable.  

It doesnt make sense to expect a stable or high price when all the coins are concentrated on one exchange.  Once more people move Cinni to other exchanges instead of following pump groups/tweets, this type of back and forth manipulation that occurs on mint will be minimized or even prevented as there simply not enough Cinni in existence to allow repeats.  

Its very easy to manipulate and self trade on exchanges like mintpal and cryptsy, this is why they are favored for pump and dumps as even just one person with a modest amount of bitcoin can trade their own coins up and down for the desired effect.  

Many new crapcoins are attempting to emulate the success of BC and Cinni, but come with a premine on a total supply of 10x or 100x or 1000x by comparison.  They also include a ridiculously high interest rate on PoS of 20% or 50% so that total amount of coins existing will grow by an obscene amount every week.  Not possible with Cinni and as of this post less then 9000 new coins have been created since PoW ended, this is even lower amount then expected. 
898  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Digit [DIG] | Something Different! | Fully Transparent! | 1000 DIG blocks! on: May 12, 2014, 02:20:15 PM
 Shocked
899  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][CSY] Coinsy PoW/PoS on: May 12, 2014, 02:01:49 PM
so is this the coin that is implied here https://bitcointalk.org/index.php?topic=579784.0 for your new exchange?

why not a fair release with source and binaries released at the same time?

900  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Cinni | PoS | No premine | No IPO on: May 12, 2014, 01:30:55 PM
Hold your coins.
This is a pos coin there is no reason to sell them. Proof of stake is the future. There are no miners to dump on you. Blackcoin and Cinni are the best pure pos coins with the best distribution.
Just relax and withdraw your coins from exchanges to your wallet and let them stake.
We are all early adopters now.

+1000
someone who understands  Smiley
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