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Author Topic: Return CENT To CRYPTSY!  (Read 1537 times)
thecryptodude01 (OP)
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February 25, 2014, 12:19:18 AM
 #1

Hello all!

Cryptsy took CENT down, but it was still trading! I was buying at the last trading price spotted on cryptsy. Vote for restoration of CENT here:
 
https://cryptsy.freshdesk.com/support/discussions/topics/4000001302/page/last#post-4000005776

Thanks
thecryptodude01 (OP)
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February 25, 2014, 12:28:40 AM
 #2

Uh, Im buying. So you can dump your pennies at centdump.com, but I think something is better than nothing? lets see:

10,000,000,000 CentCoins at Cryptsy's last traded sell rate: $162.50*
10,000,000,000 CentCoins at the  Cent dump: $0.00

*at cryptocoincharts.com XPM/USD
XCASH
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February 25, 2014, 01:00:23 AM
 #3

There is a brand new exchange at the link below where you can trade CENT's, but I'm not sure how trustworthy it is, and it's so new that nobody has traded any CENT's there yet.

https://xnigma.com/

Look right at the bottom of the page for the CENT/DOGE market.
thecryptodude01 (OP)
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February 25, 2014, 01:03:42 AM
 #4

Hello,

Thanks for that information! Now if only someone would place a buy order...

Looks promising, but I cannot find a signup page.

Thanks!
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February 25, 2014, 01:45:22 AM
 #5

Try the login page at the link below. You can also register a new account there.

https://xnigma.com/login
tintumon
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February 25, 2014, 04:01:30 AM
 #6

Try
https://www.swisscex.com/

They have XPM/LTC/BTC/DOGE markets setup against CENT I believe.

Also there is newcointrade.com which is still under development.

Good luck with CENT trading.
thecryptodude01 (OP)
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February 25, 2014, 02:29:55 PM
 #7

I will take a look!  Wink
BitCoinPokerBro
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February 25, 2014, 02:32:29 PM
 #8

Try
https://www.swisscex.com/

They have XPM/LTC/BTC/DOGE markets setup against CENT I believe.

Also there is newcointrade.com which is still under development.

Good luck with CENT trading.

This exchange deserves more exposure
thecryptodude01 (OP)
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February 25, 2014, 02:39:07 PM
 #9

I agree. I tried to withdraw CENT from Swisscex yesterday night, and it still has not gone through. I submitted a support ticket, and within 5 Minutes they got back to me saying that they are merging 2 Wallets, and so transactions are very slow right now. 5 minutes beats cryptsy's 24 hours.
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Now the money is free, and so the people will be


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February 25, 2014, 03:44:57 PM
 #10

CENT is dead, value is nothing.

Let it go
yaboymarvo
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February 25, 2014, 04:07:19 PM
 #11



Uh NO


~BCX~
You try too hard to be funny.
thecryptodude01 (OP)
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February 25, 2014, 04:12:14 PM
 #12

CENT is dead, value is nothing.

Let it go

Uh nope:

http://www.ebay.com/sch/Coins-World-/256/i.html?_from=R40&LH_Complete=1&LH_Sold=1&_nkw=CENTcoin


You try too hard to be funny.


I wasn't trying to be funny, I was answering the question.


~BCX~

Why do you feel that way?

waqas
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February 25, 2014, 04:13:52 PM
 #13

CENT is dead, value is nothing.

Let it go
yes I check and Cent is no more alive and hope ver soon some one announces about his last service  Wink

thecryptodude01 (OP)
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February 25, 2014, 04:20:54 PM
 #14


Also there is newcointrade.com which is still under development.

Good luck with CENT trading.

Hello,


I bought 100M CENT at this exchange, and withdrew it. An hour later, I got my XPM back, and CENT is gone? What happened?

Thanks!

CENT is dead, value is nothing.

Let it go
yes I check and Cent is no more alive and hope ver soon some one announces about his last service  Wink

Uh yep, I am THE ONE SELLING THOSE:

http://www.ebay.com/itm/1-Copper-Cent-30-000-000-30-MILLION-Pennies-CENTcoin-cryptocurrency-DOGE-BTC-/231165023677?pt=US_World_Coins&hash=item35d28255bd

Definitely not dead.  I sold 450M just that time. Give CENT a chance. The wallet is fully working, same for the blockchain. Nothing is wrong with it.
yaboymarvo
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February 25, 2014, 05:02:25 PM
 #15


You try too hard to be funny.


I wasn't trying to be funny, I was answering the question.


~BCX~
You still try too hard,almost everyone of your post is something that adds nothing to the conversation. You try to be funny and edgy too much,probably because your botnet made you a shit ton of money so you think you have a 1up on everyone.
doanlang
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February 25, 2014, 05:16:13 PM
 #16

Voted
thecryptodude01 (OP)
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February 25, 2014, 05:50:50 PM
 #17

Voted

Thanks!
yaboymarvo
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February 25, 2014, 07:35:48 PM
 #18


You try too hard to be funny.


I wasn't trying to be funny, I was answering the question.


~BCX~
You still try too hard,almost everyone of your post is something that adds nothing to the conversation. You try to be funny and edgy too much,probably because your botnet made you a shit ton of money so you think you have a 1up on everyone.


Actually it was having one of the first large gpu farms back in October 2010 that made me my money and again in September 2011 with LTC.

and yes, I actually have quite a few more than just 1 up on most people.


~BCX~
Cool story.
cdtc
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February 26, 2014, 10:49:54 PM
 #19

Voted

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BitJohn
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February 26, 2014, 11:00:39 PM
 #20

Not to totally derail your efforts. CENT will not be re-added by any means CENT requires us to use some legacy software we no longer wish to use as it prevents growth and scaling.

Read below for all the reasons bottom line we wont support it any longer. We are not the only place to trade it and your welcome to withdraw all your coins.

UPDATE REGARDING PENNIES/CENT

First of all I would like to ensure users that our decision to end trading in know way means the coin is "dead" as some are saying. It is still traded at other exchanges and we hope it has a bright future. It seems to have a very active developer who is working on any issues it has. But at the present time we have decided it best we end trading of the currency for the reasons I will describe below.

I believe we can all agree CENT is certainly a unique coin and with that comes its own unique set of challenges.

Input Buildup:

The original block reward for CENT was only 1 coin. and was meant to be non divisible meaning they could not be broken down further than 1 coin. No decimal places. This would not cause  a problem if the amount of inflation was steady as predicted but rather CENT has gone through what can be best described as "Hyper Inflation" due to its exponential returns on POS minting. This causes problem with input buildup.

Lets say we average 1,000 transactions a day in our CENT wallet.

Now when the chain was still mined via Proof of work the total supply was pretty low so for the start we can average 10 coins per transaction. It stayed like this for some time until the stake started to build up on the network. Lets say 30 days after we listed, roughly 60 days into the chain. Thats 30,000 inputs of 10 coins each in our wallet at that time

Fast forward 6 months.

The network has gone through hyper inflation and there are now trillions of coins. Lets say now the average withdrawal is 1 billion coins. We now have hundreds of thousands of inputs and outputs in our wallets of varying ages and sizes.

So lets try to build a withdrawal of 1 billion coins. Thats a lot of inputs

30,000 x 10 = 300,000 coins (first month transactions )

30,000 x 1000 = 30,000,000 ( maybe 30 days later )

If the wallet trys to use older inputs you can see how this can be an issue. Only so many inputs can fit into a block before it becomes to large and is rejected. Usually this limit is a few hundred to 1000 inputs

1 billion / 1000 = 1,000,000

The average input size would need to be 1 million coins to fit inside of a block. So we reduce the maximum withdrawal amount to prevent transactions from being rejected and having to be resent. This leads to the next issue

Support issues:

As noted above the withdrawal limited has had to be drastically reduced. Which in one way reduces out CENT related tickets ( Stuck withdrawals) But on the other creates more ( Customers upset it takes a lenghty amount of time and patience to withdrawal their funds.

We had overwhelming support tickets with users who have missing deposits. Either by them not being on the correct chain and not being able to sync with us our our wallet getting on on the wrong chain again

We find ourselves redownloading and rebuilding the wallet far too often. We are unable to ensure users funds can be deposited and withdrawal reliably. And our main goal is to ensure the safety of our users funds And their ability to access them reliably

As you can see theses are issues that can and are being addressed by the development team. The input build up is onf no concern to the average user. But for us would take time to fix and clear the inputs. It just does not fit well with our system or future plans for the exchange

Keeping up with CENT updates:

There has been some confusion about this. We have monitored the github repository and updated cryptsy wallets to all of the latest versions as they were released.

I had previously instructed users to use my block crawler at http://altexplorer.info/chains/CENT/block_crawler.php as a reference to where cryptsys wallet was. I did some server upgrades and restored from a previous backup. Turns out the backup used had an out of date penniesd which may have caused this confusion. It has been corrected now

Conflicts with future update to trade engine/ balance storage system:

The sheer number of coins and the fact they are not divisible conflicts with some major updates we have planned for the exchange. We feel these updates will greatly improve the overall user experience and a number of things about the existing platform had to be changed for CENT and would not work as is with the new system



No customers funds will be taken from this situation Withdrawals are open and will remain until Friday Feb 28th 2014 . Once the wallet is taken offline the process will be manual and will take much longer. We HIGHLY advise you to remove your funds before this date to avoid frustration from a lengthy recovery time

There are several other exchanges trading CENT as well as various online services if you do not want to withdrawal funds to a local wallet. Although a local wallet is always the most secure.




We ensure you this was not an easy decision and much thought was put into it. We wish nothing but the best for the minters, traders and the currency itself. We are open to reevaluating the situation in the future.
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