well if Cryptsy was /is a problem it is nothing new...........
the wallet has been inactive, unable to deposit or withdraw coins there for weeks............that I know of personally, maybe months........
personally I will never do business there again not just over this , many other reasons.........
i am going to ask them to be removed from the ix . org site since to me no exchange has any validity without
being able to deposit and withdraw coins............
that leaves vircurex with small time volume and cexio with largest volume as the exchanges............
let me know if i messed anyone............ going to check with Vlad see how he feels about it..............
Thanks for your opinion Cinnamon - I know how you feel about any crypto corruption and we have discussed this matter a couple times in the past.
Cryptsy undoubtably plays games with these continuous wallet downtime cycles. In fact, I have become good at predicting them now - where I actually benefit from their alleged games so for me personally, this has not been an issue for nearly a year now, but I can see how many would be upset by it.
Many issues Cryptsy encounters are most certainly legit, I'm sure, but it is my personal feeling that they purposely manipulate coin prices by using this
"wallet maintenance" tactic.
I don't know if that's the case now with iXCoin but I [personally] very much appreciate this huge drop in price and hope they can keep it there for just a week or so. lolThat said, Cryptsy has been around for at least 2 years and there has been not a single report of a hack or stolen coins from their exchange. I personally think they have been hacked but have quietly absorbed the cost [which is a huge testament of their long term devotion to crypto] and that may be one reason, given the anemic trade volumes over the past year, why they have to resort to such tactics to raise additional funds.
That said, any legit CryptoCoin needs a legit US based exchange for a number of good reasons. CEX.io is a huge big money backed exchange but it is based in Ukraine and ran by anonymous individuals. Furthermore, I pulled all my IXC from their exchange due to a flawed 2FA security hole I found - which they failed to address quickly enough at the time. That kind of massive security oversight has never happened at Cryptsy and 2 years in crypto world is a long long track record.
Vircurex. That's a Chinese honey pot. No doubt. There is no way I would ever advise anyone to ever send BTC or hold their IXC on that exchange. Vircurex is most likely owned and operated by the
"Red Army" and I'm sure the day will come when they will confiscate every alt-coin on that exchange.
And I personally think they're purposely aiming for one alt-coin in particular. Like the one which keeps having abnormally massive volume blocks for sale - uncharacteristic of any other alt-coin they currently trade.
Yes, it would appear [to me] the Chinese aren't just secretly hoarding Bitcoin.
So that really takes us back to Cryptsy as the best viable and proven iXCoin exchange at this point. It is not ideal - but at least we know who is running Cryptsy, these wallet maintenance cycles are Very predictable and you can actually make money playing their game - and they have had a perfect [hack-free] track record and you can reach them quite easily and I know quite a few of their top guys and they have always been responsive and helpful.
So I would be against removing Cryptsy until we get a better [U.S. Or Europe based] option going for our community. As bad as Cryptsy may be - I would trust them over the other anonymous [Chinese/Russian] foreign exchanges anytime.
But ideally, people should take their alt-coins [and Bitcoin] off of any online exchange or online wallets.
At least until FDIC insured and Wall Street backed exchanges like
Gemini launch
[which should be soon]. But of course, along with that added security and safety you'll absolutely need to provide your DNA and pay much higher fees.
Any additional input before we make an official decision is welcomed!
Cheers!
