Until all this tech is closed source, and until people stop tossing money at it the coin du jour, the onslaught will continue.

Maybe it's not about the coins at all. Maybe it's all about the tech, and the learning that is going on.  The fact that Satoshi's coin is being cloned isn't what is interesting to me any more. What's interesting now is that Satoshi is cloning himself. The number of people who are innovating in this space is growing exponentially and I don't think we have good idea yet exactly what this means 1, 5, 10 years from now.

Soon Wall Street will try to pick a winner to serve their own purposes, and banks will buy in. Anonymity will never be part of the Wall Street anointed coin.

Truly, I don't see an end to this. I see it ramping.

Your list left off "Commodity coins," like Uro, and "Cause Coins" like CleanWater.  

Maybe what you identify as "Exchange coins" is the trend toward building apps around a coin. The utility of an app gives a an immediate perceived value and an economy of users, at least for a few minutes.

I don't care what is done around a cryptocurrency, I don't want I don't want any part of it if it isn't open source.

Guess who is setting up an exchange?
And guess which coin will be there?

Hi Mark. What do you think of the work that has been done at http://www.cryptotc.us/ ?  How close does this match your vision of trust-based p2p crypto exchange?

It sure is working well. Snowcoin just keeps going. The network keeps growing. A month ago I could hardly find one connection, now there's always 5 or 6.

It's trading at http://www.cryptotc.us/market#SNC

Hi sirsmokesalot,

Yes, I love a good blockchain mystery. It all seems to fit together pretty well.

Cryptsy used to store Uno in individual wallets, so when you did a withdrawal you would sometimes get multiple inputs from many small wallets.
Now they have changed things by putting most of their Uno holdings into a huge cold storage wallet, and having smaller hot wallet that that moves every transaction. When you withdraw, now the only input is from that hot wallet (which changes its address with every withdrawal).

I'm not 100% comfortable with having nearly 30% of uno stashed in one big wallet. We saw how that went down at Coinex. Cryptsy is no Coinex, but now there's only one private key to be stolen or lost instead of many. Maybe this is crypto-security best practice now-- I don't know.

I updated my original post to include a new observation: no network fees are being paid for processing these large transactions which include moving the hotwallet each time. I don't know how that works, exactly. I think the size of the transaction is made up of many inputs; if you move  2k uno but it is comprised of 500 small transactions, the "cost" of moving that 2k uno is high, but the next time that 2k is moved the cost is less, since now it's just one 2k Uno input.  So maybe how this works is when cryptsy moves 2k uno there is no network fee because of this.  Maybe Blazr or someone more versed can shed light on how those network fees are determined.

Thanks for pushing it forward. It's been a long time coming. BW mentioned confirmed he is working with a Blocktech programmer who is building Mac wallets for all blocktech.com supported coins including Uno.  They are going to be certified (is that the right term?) with Apple so that it's easier to install as a Mac app, but there has been a delay in finishing them.

Added Blazr's new Mac wallet to the OP. Here's the Virus Total report's clean bill of health:
https://www.virustotal.com/en/url/a8627dd105631750eed2b511630a76024a197e7970bd9e808463ec791cd91936/analysis/1408737576/

It's been a sore spot for the community for a long time.  Much appreciated!

I've noticed that there has been a large amount of Uno moving through the blockchain, so I decided to test the idea that the uRAN wallet is Cryptsy's.
Remember a week ago or so they split off about 5k UNO from the main wallet into what was (for awhile) the #2 wallet in size.   And then a couple of days ago, the Uno from that #2 wallet began moving through the block chain.

I was messing around today with Cryptsy and here's a transaction where I withdrew 11.111111 Uno:

http://cryptexplorer.com/block/0000000000001601e68308ade07753101fbb22372f60781ec63ef2f349ca5035

You can follow the inputs and outputs quite easily on CryptExplorer.

What does this all mean?  It shows that every time someone does a withdrawal, Cryptsy will not send just the withdrawn amount. Instead, they create at least 2 transactions in each block: the first transaction moves their entire Hot wallet (less the withdrawn amount) to a new address, and the second transaction in the amount of the withdrawn Uno is sent to the person who initiated the withdrawal.

In the link above, you can watch this happen; I can confirm that the 11.11111 Uno in that transaction was my withdrawal from Cryptsy.

I don't know why Cryptsy wants to move the entire hot wallet in the blockchain for each transaction. I guess Big Vern has his reasons, and maybe the fees will help the miners [update: just noticed that there are never any fees paid to miner for processing these large transactions, even though a network fee is charged by Cryptsy to the person requesting the withdrawal].

You can watch their hot wallet move through the blockchain, getting smaller and smaller, and each time the remainder of the hotwalelt is moved to a fresh address.

Block         Uno
476557     2,059
476597     2,038
476602     2,003   and so on.

I assume that when this hot wallet is depleted, then Cryptsy will split off another chunk of the cold wallet and the process will continue.

I like MegaSync from mega.co.uk

My local wallets for all coins are encrypted and stored in 3 places: usb stick, local drive, and a cloud drive.

Your observations are interesting. I hadn't really considered the timing for when this community came together. Maybe that's the difference in tone.
I think we also have more experienced group here who have ego's that are not so easily threatened that they feel they have to win every argument.

My hope is for a thousand people each holding an average of 50 Uno.
Unless you get Big Vern drunk, you'll never know.

Based on what I've just witnessed, I'm going to side with the people who think that uRAN is Cryptsy cold storage.

Yesterday's #2 wallet seems to have been distributed to the people who are reporting their Cryptsy withdrawal orders being fulfilled.
We know that the #2 wallet from yesterday came directly from the present #1 wallet (uRAN).

The present #2 wallet is old udYSEGNw, which hasn't moved in 126 days.

I thought it was notable that nearly 9k Uno moved last night in block 475615.

Nearly 5k Un from the previous #2 wallet on the Rich List, uWAMa9Xq,  (Recall the Uno in uWAMa9Xq began in the #1 URan wallet a couple of weeks ago and was sent to uVNVNZCFyar, before arriving in uWAMa9Xq) was shuffled through several new wallets in a short time frame last night (Aug 20, 2014).  Most of the uWAMa Uno is now in uWDe2zcQ...

The same block, 475615, moved 4k Un from uTb4Cif3.

Are you guys seeing your Cryptsy withdrawals arrive today? If so, perhaps this is Cryptsy fulfilling your withdrawal requests.

New #2 wallet, as of 2 days ago.

funds from old #2 (uVNVNZCFyar...) were transferred to the new #2, uWAMa9Xq...

Those are cool!  I'm adding them to the OP.



Let me know if you find any other cool products like this.

These Uno prices are just too tempting, and bitcoin is just to cheap. I can't pass up this opportunity to lower my overall cpu (cost per Un) with some new money.

I moved btc to 3 exchanges today. Bittrex was by far the fastest to confirm my btc for trading; another feather in their cap.
The order book is looking better and better at Bittrex, with the buy depth increasing.  There is still very little Un to buy at Bitrex; just 2.5 btc of buys will move it to .01. I probably won't be drawing any big spikes, but I will be glad to catch drops for those who want out.

I am increasingly concerned with Cryptsy. I really hope they resolve their issues soon. I have traded their for a long time and have always liked Cryptsy.  This pattern of slow withdrawals, poor service, does not bode well historically for crypto exchanges. I'll gladly give them a second chance when they can resolve and credibly explain these problems.

I'm a little concerned at the low volume at MintPal. We don't want to lose that market. Sure, we could go in-house for trading, but major exchanges like MintPal give us good visibility, credibility, reliable addnodes, and provide price services to coinmarketcap, Cryptonator, unobtanium.uno and many other sites through their API, which further enhances Uno's visibility. I fully understand the risks of storing on exchanges, and I don't think all your Un should be on exchanges, but there's also a downside to having very little available. Where is the balance?  Let's not be so stingy with our Uno that our market becomes uninteresting to the exchanges.  It's difficult to get listed, but easy to get delisted.

If someone else with some web dev talent can step up to do the hard stuff, I can provide hosting. A wordpress installation can be setup. Or a subdomain from unobtanium.uno can be configured to point anywhere you'd like.

Cheap Bitcoin!  What an opportunity for $$>Btc>Uno



Timing is important. Today your dollars and rubles and euros buy more Uno.

My crypto stays in crypto and I have no plans to jump back to the USD ever. I can sleep better with that mindset, because I don't sweat when those bitcoin crash stories are everywhere.  I actually prefer it when Btc is falling; when Btc is rocketing I get less Uno for my dollars.  

I want successful markets on all of our exchanges. I have always worked to promote all of Un's exchanges, and to helped make markets.  
But it is getting more and more difficult when I can't withdraw my Uno (Cryptsy) or deposit  my Uno (MintPal).  These Cryptsy problems have been going on way too long now. They've been a wonderful exchange for Un for nearly a year, but I am growing concerned about their inability to resolve these withdrawal issues. In this Post-Gox/ Post-Coinex cryptoeconomy, I understand any paranoia.

Bittrex just keeps looking better and better.

By the way, there is Un at Allcrypt again.  

I'll send you a PM. Maybe we can work something out with unobtanium.uno.