Another period of excuses, vague references to "what this site isn't: A Faucet" and now it's completely down....

Glad I never actually put money in to it....

Haven't been on the site in a while, but with the price spike, wanted to see how things were going. The policies have changed dramatically though. Seems a bit more open for discussion, but the fees to take out funds are now Min 0,2 mBTC + 3%, min 2 mBTC. Supposedly to be transferred on Sundays, but you have to notify mods to nudge the process.

Now it may seem this is for security purposes, but after a few weeks, funds still have not been withdrawn or returned to the wallet. Worse yet is other users have claimed they've been waiting for a month for their funds. If the site will not pay out, they should stop claiming to do so. I do enjoy the discussions and don't need pennies for shooting the breeze with people online, but the fact that a site has failed to fulfill it's main purpose is what is a bit disheartening.

There have been numerous incarnations of the site and many changes, but I think this may finally be the last nail in the coffin of the internet's premier chat for coin "community".

RIP Coinchat