Quote from: zenfur on April 25, 2015, 04:31:50 PM

Quote from: Paul Revere on April 25, 2015, 04:16:05 PM

Quote from: anderl on April 25, 2015, 04:03:53 PM

Quote from: 5ick3uffalo on April 25, 2015, 03:56:14 PM

Instead of destroying ALL useless high staking wallets ("Primecontrollers") and premined coins to at least give the coin a little chance to not go totally worthless they give an EXCHANGE ,which should not even stake at all imaho, an high staking wallet for 1$.

AMAZING.

Wonder how many customers Cryptsy losing today...

This is ethically reprehensible. Cryptsy breaks checks and balances. They are acting like a central bank AND and exchange. They can print the coins and since they have ownership of them do what ever they like with them. Donate them, burn them, dump them. The people do not have a say in what happens, the people cant vote against what Cryptsy does with the coin.

As an exchange Cryptsy should know full and well that their sole purpose and means of earning an income should only be trading and listing fees. If they invest in the coins they trade then then are complicit, they have crossed an ethical line where now they can control the liquidity and circulation of a coin in and to the market.

They are both the market and market maker.

Why the SEC is NOT investigating Cryptsy outside of this GarzaGAW debacle I do not know.

And if Cryptsy has no problems with doing this, then what else have they been involved in? Naked shorting coins using customer deposits?? This would be especially easy to do with Paycoin, since 90% of all XPY trades are done on Cryptsy. The fact that there are imbeciles in the Paycoin Cult that are sitting around in their Spiderman unperpants clapping like retards about this happening is shocking. HT is down, so the Paycoin Cultists are all active here right now: http://talk.paycoin.com/discussion/830/cryptsy-received-a-prime-node/p1 "YaaaaH! Now Cryptsy can pull even more shenanigans with "The People's Money".

I don't trust Crypsty at all. They already keep all POS coins, imagine what they make on Dark nodes, or ARCH or whatever the new hot POS coin is at the moment. They never should have kept all of that stake to begin with! Those stake coins always belonged to their customers. Does your stock broker keep your dividends? Now Cryptsy will find religion? Only after they were given a Prime Controller? To give back what is rightfully owned by their customers? And only on one coin?

On the topic of naked shorting- just imagine if you could sell more shares than exist and then cover those shares with the stake that comes out of masternodes or a prime controller.

What about all the other POS coins that you stake and keep?

Not sure why this is shocking. Letting their users coins sit and stake is better than any other plan I'd trust them to come up with to try and earn off the deposits, and is better than needing the coin creators to make special addresses that don't stake. Putting them in address that stakes at a HIGHER rate is obviously a different story, but don't waste too much brainpower figuring it out, the short answer is "this is all stupid so who cares."