[ANN] Crypto Rush - Crypto to Crypto exchange

[suchmoon]

Then we have suchmoon who seems to think that people shouldn't feel entitled to their coins anyway.  He readily admits that he had no coins on the exchange, and is probably just trolling here for lulz.  Also he thinks that anyone who sends coins to an exchange must be new to crypto if they think they will ever see them again.

You have a serious reading comprehension issue. What does it even mean - "anyone who sends coins to an exchange must be new to crypto if they think they will ever see them again" - and where could I possibly have said that? Oh wait, "he thinks", you read my mind. I'm busted.

Props to X3n0X for keeping a polite conversation with little pricks like you. Keep up your piddly demands and I'm sure you'll get your coins "like today".

[1715074534]

1715074534

[1715074534]

1715074534

[X3n0X]

GrrCON Information Security Summit & Hacker Conference
October 16 & 17, 2014 | DeVos Place – Grand Rapids, MI

GrrCON is an information security and hacking conference that provides the Midwest InfoSec community with a fun atmosphere to come together and engage with like minded people. We keep GrrCON small with around 1,000 attendance to allow us to provide those things other events leave out. Whether you are a Fortune 500 executive, security researcher, industry professional, student, or a hacker of “flexible” morals you will find something for you at GrrCON.
  
Where?
DeVos Place® is a premier convention center located in downtown Grand Rapids, located 15 minutes from Gerald Ford International Airport and easily accessible from all major interstates.

DeVos Place303 Monroe Ave. NW – Grand Rapids, MI 49503
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KingDragon is giving a presentation on the details of the events that happened earlier this year in march!
More info can be found on http://grrcon.com/

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[X3n0X]

Update Time! Any interruptions of the site are a result of the update process and should be brief, bear with us :-)

EDIT/UPDATE:
Maintenance over, couple of things implemented:

- CR 1.0 Balances are viewable
- Deposit / Withdrawal system updated
- Login / Register pages updated (fancy now!)
- Coin Voting system implemented

[coinfello]

Update Time! Any interruptions of the site are a result of the update process and should be brief, bear with us :-)

EDIT/UPDATE:
Maintenance over, couple of things implemented:

- CR 1.0 Balances are viewable
- Deposit / Withdrawal system updated
- Login / Register pages updated (fancy now!)
- Coin Voting system implemented

cool
would love my old balances back, if ive waited this long i think i can wait another bit lol
if i didnt laugh id cry!, as a trader if id sold my 10k blackcoin at its peak of 40c i would have made $4k!!! 

good luck with the exchange soething telling me it will come back to life, and i do feel for the ppl that lost just like me 

[CSL]

Thanks to the CR team for making the coin balances viewable.  It's a step in the right direction, and demonstrates that you are listening and something is happening behind the scenes.  The option to transfer to 2.0 or to withdraw needs to come next.  :-)

To suchmoon: Sorry to disappoint, but I'm not going to rise to your baiting remarks.  You may as well give it a rest.

[X3n0X]

Update Time! Any interruptions of the site are a result of the update process and should be brief, bear with us :-)

EDIT/UPDATE:
Maintenance over, couple of things implemented:

- CR 1.0 Balances are viewable
- Deposit / Withdrawal system updated
- Login / Register pages updated (fancy now!)
- Coin Voting system implemented

cool
would love my old balances back, if ive waited this long i think i can wait another bit lol
if i didnt laugh id cry!, as a trader if id sold my 10k blackcoin at its peak of 40c i would have made $4k!!! 

good luck with the exchange soething telling me it will come back to life, and i do feel for the ppl that lost just like me 

Thanks for the vote of confidence! Do remember that at the end this is a community effort, we stepped up a couple of months ago to do/set things right but we're approaching a point where we need the community to make it a reality! :-)

[X3n0X]

Thanks to the CR team for making the coin balances viewable.  It's a step in the right direction, and demonstrates that you are listening and something is happening behind the scenes.  The option to transfer to 2.0 or to withdraw needs to come next.  :-)

To suchmoon: Sorry to disappoint, but I'm not going to rise to your baiting remarks.  You may as well give it a rest.

Last sentence is golden, and touches a bit on my previous post, instead of pointing fingers and bashing people on forums we need to get together as a community if we want to make this happen. That being said sometimes things need to be said in a harsh manner to put things down to earth / in reality. In a way the crypto community is like a family, yes we argue, yes we fight, but at the end of the day it's us that makes or breaks it.

My personal view/opinion/feeling is that we're on 'the last mile' regarding getting back on track and start to reimburse people, it also feels as the hardest and longest mile ever...

[X3n0X]

We have removed portcoin from our pool after indications from other users that the initial wallet contained a virus. Topic was started in portcoin announce thread, however, posts got deleted by the topic starter.

We can confirm that the windows wallet had an actual Trojan in it, I myself ran it on a virtual machine with one other coin daemon, funds did got moved from that wallet. This however was my personal wallet/virtual machine and nothing has touched anything regarding CryptoRush systems.

Want to use this to point out that our mining operation is completely separated from the exchange systems. Also, the way we've set up our pool makes sure that once blocks mature a payout is immediately ran to the users, our pool never holds funds so should the mining side be compromised there's 'no loot' to be taken. Payouts are run every minute.

[nemo]

Does this mean I'm getting my bitcoin and ufo coins back?

[X3n0X]

Does this mean I'm getting my bitcoin and ufo coins back?

At the moment is means that you are able to view the numbers of the old CR 1.0 system, so you are able to confirm what was in your account.
In the long run it is our goal to refund all your coins, either in the coin itself or converted to BTC, exact details on how and when are still being worked out and discussed so I cant give any definitive answers on that topic yet.

Our goal to reimburse every coin/user still stands though!

[nemo]

How deep are you guys in?

[X3n0X]

How deep are you guys in?

Tough question to answer, why? Because I myself don't have the total numbers, do got my own now that we implemented the CR 1.0 balances in the current system for viewing purposes.

That being said we need to go through every coin to see what action to take, some coins might have died over the course of time, others have risen in value, others took a dive. This is something we need to reach consensus over before even getting a number that resembles the total amount. It's going to be a tough nut to crack to say the least.

Only thing that I would like to add is that we stepped up from the community, so we are previous CR 1.0 users that also lost our coins, I hope that gives a bit of confidence regarding our decision making and game plan.

I sincerely hope this is an answer you're comfortable with at the moment, I know it's not definitive and that it might just frustrate you and others more but it's the truth as it is right now and there's nothing I can do to change that other then to lie, and that I wont.

[nemo]

You guys are in an impossible spot. I'm interested in seeing how you figure it out.

[X3n0X]

I would like to get some feedback from the community here and see if the following is worth coding for us:

What I noticed
What I noticed with my own CR 1.0 balances is that for some coins I got some dust in the account, like 0.00000055 of some coin, totally worthless to be honest.

That got me thinking
We probably all have dust like that gathered up, adding it all up it could lead to an significant amount.

What's your take?
Would you be willing / interested in having the option to 'donate' / 'call off' that dust through the system in order to help speed up the recovery?

This would be voluntary of course, but I would like to see some input from you guys.

[CSL]

I haven't quite thought this through, so bare with me a moment.  I have an idea that instead of giving out a BTC credit and having people wait, you allow them to trade their credits as if they were a coin in their own right.  Some people may think the credits won't be paid back and so the market value of those credits may go down on the exchange due to the sales.  Others will buy those credits at less than their BTC face value and scoop up a bonus by the end.  As BTC comes in, CryptoRush then buys up the credits at the market price, pushing the price up for a while.  People who stay the course may find their credits worth more than BTC face value, where others who cash out at the start may get a smaller amount (but at least some amount).  I can see it turning into a bit of a game where the last ones standing - those who held onto their credits - win more than those who sell them at the start.  The credits would become rarer and rarer as time goes on, due to CryptoRush buying them up and destroying the company-bought credits.  All the while, the credit trading itself would pull in fees in the form of less credits to make good on.

So, to summarise.  If people want BTC right away and are willing to settle for less, then they sell their credits on the exchange.  They then run off with less than they expected, but with something in hand right away.  Others will stay the course, buy up those credits and will be the winners in this little game.

As I said, I haven't thought this through.  Just putting it out there as food for thought.

[X3n0X]

I haven't quite thought this through, so bare with me a moment.  I have an idea that instead of giving out a BTC credit and having people wait, you allow them to trade their credits as if they were a coin in their own right.  Some people may think the credits won't be paid back and so the market value of those credits may go down on the exchange due to the sales.  Others will buy those credits at less than their BTC face value and scoop up a bonus by the end.  As BTC comes in, CryptoRush then buys up the credits at the market price, pushing the price up for a while.  People who stay the course may find their credits worth more than BTC face value, where others who cash out at the start may get a smaller amount (but at least some amount).  I can see it turning into a bit of a game where the last ones standing - those who held onto their credits - win more than those who sell them at the start.  The credits would become rarer and rarer as time goes on, due to CryptoRush buying them up and destroying the company-bought credits.  All the while, the credit trading itself would pull in fees in the form of less credits to make good on.

So, to summarise.  If people want BTC right away and are willing to settle for less, then they sell their credits on the exchange.  They then run off with less than they expected, but with something in hand right away.  Others will stay the course, buy up those credits and will be the winners in this little game.

As I said, I haven't thought this through.  Just putting it out there as food for thought.

Wow wait you might be onto something here, i'll have to let it sink in as well and work it out on paper to see the pro's and con's. Definitely something to look into if you'd ask me.

If any other people would like to pitch in on this and share their view / concerns please do!

[FelixOliver]

Wow wait you might be onto something here, i'll have to let it sink in as well and work it out on paper to see the pro's and con's. Definitely something to look into if you'd ask me.

If any other people would like to pitch in on this and share their view / concerns please do!

It's brilliant that you've added this feature, but my CR1 balance is about 4BTC short of what it's supposed to be. Is there any reason for this? and what is the next step in terms of reimbursement?

[CSL]

So, to summarise.  If people want BTC right away and are willing to settle for less, then they sell their credits on the exchange.  They then run off with less than they expected, but with something in hand right away.  Others will stay the course, buy up those credits and will be the winners in this little game.

As I said, I haven't thought this through.  Just putting it out there as food for thought.

Wow wait you might be onto something here, i'll have to let it sink in as well and work it out on paper to see the pro's and con's. Definitely something to look into if you'd ask me.

If any other people would like to pitch in on this and share their view / concerns please do!

The only gotcha in this kind of system is that the last one standing could say "I want 100 billion BTC for my last remaining credit," and CR would end up spending all of its income forever to buy that last credit and close the scheme.  If the face value for 1 CR credit is 1 BTC then I'd maybe put an upper limit on what people can ask for it.  The price would bounce up and down in tune with confidence levels, but would never exceed the upper limit.  Maybe an upper limit of 2 BTC per CR credit would be reasonable.

[X3n0X]

So, to summarise.  If people want BTC right away and are willing to settle for less, then they sell their credits on the exchange.  They then run off with less than they expected, but with something in hand right away.  Others will stay the course, buy up those credits and will be the winners in this little game.

As I said, I haven't thought this through.  Just putting it out there as food for thought.

Wow wait you might be onto something here, i'll have to let it sink in as well and work it out on paper to see the pro's and con's. Definitely something to look into if you'd ask me.

If any other people would like to pitch in on this and share their view / concerns please do!

The only gotcha in this kind of system is that the last one standing could say "I want 100 billion BTC for my last remaining credit," and CR would end up spending all of its income forever to buy that last credit and close the scheme.  If the face value for 1 CR credit is 1 BTC then I'd maybe put an upper limit on what people can ask for it.  The price would bounce up and down in tune with confidence levels, but would never exceed the upper limit.  Maybe an upper limit of 2 BTC per CR credit would be reasonable.

KingDragon came to the same conclusion 10 minutes ago, good thing to think things through before going heads into it

[X3n0X]

Wow wait you might be onto something here, i'll have to let it sink in as well and work it out on paper to see the pro's and con's. Definitely something to look into if you'd ask me.

If any other people would like to pitch in on this and share their view / concerns please do!

It's brilliant that you've added this feature, but my CR1 balance is about 4BTC short of what it's supposed to be. Is there any reason for this? and what is the next step in terms of reimbursement?

The balances are as they were recorded by the database at the time 1.0 went offline.  We will happily go through any discrepancies together when we start processing refunds.

To quote a line from an earlier post:
"That being said we need to go through every coin to see what action to take, some coins might have died over the course of time, others have risen in value, others took a dive. This is something we need to reach consensus over before even getting a number that resembles the total amount. It's going to be a tough nut to crack to say the least.

Only thing that I would like to add is that we stepped up from the community, so we are previous CR 1.0 users that also lost our coins, I hope that gives a bit of confidence regarding our decision making and game plan.

I sincerely hope this is an answer you're comfortable with at the moment, I know it's not definitive and that it might just frustrate you and others more but it's the truth as it is right now and there's nothing I can do to change that other then to lie, and that I wont."