[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[italeffect]

Oh no Otoh still hasn't gotten his money out of cryptsy... this is ridiculous.

https://www.reddit.com/r/Bitcoin/comments/3rvl2a/cryptsy_exchange_warning_unable_to_withdrawal/

As I mentioned before I also had trouble getting BTC out (a much smaller amount). I finally ended up buying dash and moved it out in a series of small withdrawls.

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[toknormal]

People trading the 15-minute bitcoin chart.

It's this kind of hair-trigger action that appears to me as the canary in the coalmine for longer term movements. (Click the graphic to view action in realtime. Then click the "Huobi" link at the top of that graph to see whats happening at the 'lead' exchange).



b.t.w. What's the relevance of this to Dash ? Many things:

[1] - Throughout all this storm, Dash has retained its relative marketcap position. If bitcoin can crack through its last all-time high it will blow many of its obstacles (in terms of critics, credibility and general questions over integrity as a monetary medium) out of the water. A new wave of fiat capital will be attracted into the space

[2] - The alts are at an all time low. What that means is that simply by virtue of having survived (they didn't go to zero) they will get a major boost IMO, simply from diversification. For the alts not to get any benefit from new bitcoin investment there would have to be zero diversification and that's simply not going to happen

[3] - Dash has been battered by troll skepticism for a whole year and survived with its marketcap position. The reason for that is deserved and is twofold:

a) - Evan took a gamble on supporting bitcoin compatability. This gamble was based on the bitcoin protocol emerging as the basis for evolving technologies like hardware wallets, online security technologies, consumer conventions (like being able to check the progress of your transaction online) and the blockchain core codebase

b) - This gamble has paid off. Those technologies are now ubiquitous and Dash is reaping major benefits. It is also becoming uniquely placed as the only altcoin that can actually enhance bitcoin's monetary properties without a wholesale departure from its conventions

Do not despair at the strain on Dash's valuation from bitcoin rallys. Daytrade if you like - I'd do it if I thought I could get away with it but make no mistake, bitcoin's success wil be Dash's success as well  

[ffpool.net]

Oh no Otoh still hasn't gotten his money out of cryptsy... this is ridiculous.

https://www.reddit.com/r/Bitcoin/comments/3rvl2a/cryptsy_exchange_warning_unable_to_withdrawal/

As I mentioned before I also had trouble getting BTC out (a much smaller amount). I finally ended up buying dash and moved it out in a series of small withdrawls.

All our pool funds have been frozen at Cryptsy too, all emails /  requests / tickets did not turn out to be of any help, it seems like they're just trying to gain time. We had to stop operations completely because of this unfortunately.

[Otoh]

Oh no Otoh still hasn't gotten his money out of cryptsy... this is ridiculous.

https://www.reddit.com/r/Bitcoin/comments/3rvl2a/cryptsy_exchange_warning_unable_to_withdrawal/

As I mentioned before I also had trouble getting BTC out (a much smaller amount). I finally ended up buying dash and moved it out in a series of small withdrawls.

All our pool funds have been frozen at Cryptsy too, all emails /  requests / tickets did not turn out to be of any help, it seems like they're just trying to gain time. We had to stop operations completely because of this unfortunately.

They did send 100 DASH & 3.4 BTC to me just now, only 900 DASH & 70 odd BTC to go, so it doesn't seem like they plan to steal them, just hopeless communications and support, plus dysfunctional withdrawals process.

https://chainz.cryptoid.info/dash/address.dws?Xm1CXCAaberUUK4mVYVh9SqxUuMSMxHERb.htm

https://blockchain.info/address/1otohotohMoQoxHuxLBveQiZcV3Pji3Tc

[qwizzie]

Oh no Otoh still hasn't gotten his money out of cryptsy... this is ridiculous.

https://www.reddit.com/r/Bitcoin/comments/3rvl2a/cryptsy_exchange_warning_unable_to_withdrawal/

As I mentioned before I also had trouble getting BTC out (a much smaller amount). I finally ended up buying dash and moved it out in a series of small withdrawls.

All our pool funds have been frozen at Cryptsy too, all emails /  requests / tickets did not turn out to be of any help, it seems like they're just trying to gain time. We had to stop operations completely because of this unfortunately.

They did send 100 DASH & 3.4 BTC to me just now, only 900 DASH & 80 BTC to go, so it doesn't seem like they plan to steal them, just hopeless communications and support, plus dysfunctional withdrawals process.

https://chainz.cryptoid.info/dash/address.dws?Xm1CXCAaberUUK4mVYVh9SqxUuMSMxHERb.htm

https://blockchain.info/address/1otohotohMoQoxHuxLBveQiZcV3Pji3Tc

I hope Cryptsy really took notice this time and will speed-up the return of BTC they still owe you, an exchange is largely build on trust and this lack in communication and support isn't helping them any bit.

For the normal users : get in and out of exchanges as fast as possible, don't leave large sums on there and don't withdraw large sums of BTC either (specially on Cryptsy appearently).

[qwizzie]

They had plenty of warning that I would go to social media with the issue, over one month of multiple emails to support and then over one week of hearing nothing after they'd said that they would urgently sort it out and allow the withdrawals but didn't do so.

Lets hope they feel pressured now to resolve this quickly. It also explains why so much of the Dash volume switched over to Poloniex (almost 80%),
many traders must have thought to be better safe then sorry.

https://www.cryptocompare.com/coins/dash/analysis/BTC

[noah tall]

Look out below!

[AlexGR]

Seriously now, what the **** did cryptsy do with all those BTCs stored there?

[AzzAz]

Seriously now, what the **** did cryptsy do with all those BTCs stored there?

Malleability attacks they blame

[AlexGR]

Seriously now, what the **** did cryptsy do with all those BTCs stored there?

Malleability attacks they blame

Of course they'd blame something... upgrades, malleability, self-imposed verifications etc etc. But what have they done with the BTCs?

[Melech]

Seriously now, what the **** did cryptsy do with all those BTCs stored there?

They used it to pay their admins (Horus, JShock, Mullick, BigVern, et al)...  now the well is dry...

You may notice 1 week ago... someone (i'm guessing an admin) dumped 150,000 craptsy points for btc...  who has 150,000 craptsy points besides admin?
If you look at this page:
https://www.cryptsy.com/coinsponsors
You will see that both craptsy points, and "USDe" have been sponsored with 1BTC, yet no deposits show in their official sponsored addresses (logical conclusion is that craptsy sponsored themselves without paying, attempting to dump at a higher price):
https://blockchain.info/address/1MAjC9HrGGBhvkHUYqZBeTmnEw3TQfSa1k
https://blockchain.info/address/19u1vhPFSCGNZe6UDTSUaNFUijQu2Ro7sn

Craptsy is running out of money... why do you think they added the "sponsored coin" program... and pay-to-ban in chat... and new withdraw fees?
Really scraping the barrel to squeeze its customers dry...

Warning: GOXtsy incoming!

[tat123]

They had plenty of warning that I would go to social media with the issue, over one month of multiple emails to support and then over one week of hearing nothing after they'd said that they would urgently sort it out and allow the withdrawals but didn't do so.

I read on r/bitcoin about your trouble with cryptsy. Absolutely disgusting! I really hope it works out for you. 

[Melech]

Since we are on the topic of Craptsy...

Doesn't their BTC raffle violate multiple federal and state gambling laws?

You can't hold a raffle for USD/BTC without gov approval/regulation!
https://www.cryptsy.com/drawings

Federal Laws:
http://www.gambling-law-us.com/Federal-Laws/antilottery-law.htm
Wire Act of 1961 http://www.gambling-law-us.com/Federal-Laws/wire-act.htm
Illegal Gambling Business Act of 1970 http://www.gambling-law-us.com/Federal-Laws/illegal-gambling.htm
Unlawful Internet Gambling Enforcement Act of 2006 http://www.gambling-law-us.com/Federal-Laws/internet-gambling-ban.htm

State Laws:
http://www.gambling-law-us.com/State-Law-Summary/

[AlexGR]

Seriously now, what the **** did cryptsy do with all those BTCs stored there?

They used it to pay their admins (Horus, JShock, Mullick, BigVern, et al)...  now the well is dry...

Cryptsy should have thousands of BTCs and BTCs-worth of altcoins there. They probably have millions or even tens of millions in funds. Surely they can't have used it for staff payment (?).

[toknormal]

Check this for delusion: https://www.youtube.com/watch?feature=player_detailpage&v=8zKuoqZLyKg#t=1518

In the current economy, your savings are NOT lent out. They are used as a capital base on which to lever new debt based currency. That new currency is not underwritten by your savings, but rather by your non-existent future earnings.

[TaoOfSaatoshi]

CROSSPOSTED FROM DASHTALK (for visibility):

InTheWoods posted some highlights from the ongoing Q/A session with Bitcoin core dev Mike Hearn, and it clearly appears that he is describing Dash in his responses for the direction of Bitcoin. This despite the open mockery they publicly show. Conclusion? Dash is doing it right, even in their eyes!

https://dashtalk.org/threads/hold-on-to-your-chair-guys-this-is-huge.6860/

If you're on Twitter, please RT for our crypto friends:



https://twitter.com/taoofsatoshi/status/663188681377882112 

[DrkLvr_]

CROSSPOSTED FROM DASHTALK (for visibility):

InTheWoods posted some highlights from the ongoing Q/A session with Bitcoin core dev Mike Hearn, and it clearly appears that he is describing Dash in his responses for the direction of Bitcoin. This despite the open mockery they publicly show. Conclusion? Dash is doing it right, even in their eyes!

https://dashtalk.org/threads/hold-on-to-your-chair-guys-this-is-huge.6860/

If you're on Twitter, please RT for our crypto friends:

this is great .. Bitcoins will receive all the benefits of incentivised nodes.. but without all the fraud instamine that exists in Dash. so what is the purpose of dashcoin again?  

[stealth923]

CROSSPOSTED FROM DASHTALK (for visibility):

InTheWoods posted some highlights from the ongoing Q/A session with Bitcoin core dev Mike Hearn, and it clearly appears that he is describing Dash in his responses for the direction of Bitcoin. This despite the open mockery they publicly show. Conclusion? Dash is doing it right, even in their eyes!

https://dashtalk.org/threads/hold-on-to-your-chair-guys-this-is-huge.6860/

If you're on Twitter, please RT for our crypto friends:



https://twitter.com/taoofsatoshi/status/663188681377882112 

Why dont we get Mike Hearn onboard and let him know that Dash already has these features!!!

[Allforone]

CROSSPOSTED FROM DASHTALK (for visibility):

InTheWoods posted some highlights from the ongoing Q/A session with Bitcoin core dev Mike Hearn, and it clearly appears that he is describing Dash in his responses for the direction of Bitcoin. This despite the open mockery they publicly show. Conclusion? Dash is doing it right, even in their eyes!

https://dashtalk.org/threads/hold-on-to-your-chair-guys-this-is-huge.6860/

If you're on Twitter, please RT for our crypto friends:



https://twitter.com/taoofsatoshi/status/663188681377882112 

Rt thought this was pretty good

[TaoOfSaatoshi]

CROSSPOSTED FROM DASHTALK (for visibility):

InTheWoods posted some highlights from the ongoing Q/A session with Bitcoin core dev Mike Hearn, and it clearly appears that he is describing Dash in his responses for the direction of Bitcoin. This despite the open mockery they publicly show. Conclusion? Dash is doing it right, even in their eyes!

https://dashtalk.org/threads/hold-on-to-your-chair-guys-this-is-huge.6860/

If you're on Twitter, please RT for our crypto friends:



https://twitter.com/taoofsatoshi/status/663188681377882112 

Why dont we get Mike Hearn onboard and let him know that Dash already has these features!!!

He would be a great addition...anyone know his number?