delete

[Nxtblg]

I'm still wondering whether they could have taken a big BTC stash from their exchange, shorted BTC in another exchange, sold coins, made a self-fullfiling prophecy / market manipulation in absence of serious buying support and then locked profits. But if they had done so, they'd still have the BTCs (and the profit). So what the hell have they done with the BTCs?

Uhhh...it's actually the opposite case that's dangerous for a financial institution: a hot trader, turned hot-headed, makes a big bet that goes tragically wrong. Then, you'd have a fractional-reserve situation.

You think it can't happen because professionals? Allow me to introduce you to https://en.wikipedia.org/wiki/Nick_Leeson#Career

That said, I have no evidence that the Cryptsy fellas did anything like Mr. Leeson's race to the top of Bankruptcy Mountain. Like you, I'm just palavering.

[anderl]

Cryptsy is trying to prevent people from withdrawing especially the large holders. I believe that Cryptsy already anticipated this which is why they changed the trading fee structure to a withdrawal fee. This is to encourage people to trade on Cryptsy without withdrawing. Now many people are withdrawing as the withdrawal delays get longer and longer.

In the existing financial system this is called a bank run and when the bank closes its doors to withdraw it means that yes they were operating on borrowed funds.  Fuckers never learn.  Big Vern is the same kind of tool that worked at a big bank, just a get rich stepping on the little guy kind f fellow.  I hope he gets his justice, karma is a bitch.