Kind of along the lines of what I was thinking - quite quickly came to the conclusion that most (especially large holders) are holding (maybe due to the fascination of staking - but more likely on knowledge or belief in price rising substantially).

Wondered what could be so wrong with the wallets 1.1 and 1.3 - so I downloaded and they sync no problems.

Needed some coins so went to Coinz.at and mined for a few hours - crazy low difficulty at start so raining DEM then tapered off. Struck me that if you selectively mined at low difficulty times you could make as much in not more than mining BTC directly - but of course there is really nowhere to sell any volume.  Coinz.at seems a great pool - no issues at all. Transfer speed with DEM is just great.

Tested both wallet versions with various transactions - no issues at all.  Can't stake cos all my coins are new.

So I am wondering - why is this coin really getting hammered on price - seems its just Crypsty causing it - and as far as I can see the wallets are working fine.

I was told - Cryptsy was using 1.1 and they swapped to 1.2 and then to 1.2.1.  This I believe is the cause of current spat with them.  Apparently 1.2 and 1.2.1 had some serious issues and Cryptsy spat the dummy on DEM for that.  They reverted to 1.1 and got things working again - then for no reason that I can see they went down for maintenance again? But now - many months later Cryptsy have 1.3 (and 1.1) which work fine. Why would they not just revert to 1.1 or upgrade to 1.3?  They have had enough time?  Are they just pissed with DEM?  You can't tell me they are not staking the DEM they hold. So what is really stopping them to reinstate the DEM wallet? 

Why have they not set up the wallets again so transfers can move in and out?  Have they been told to "wait" for 1.3.1 by the DEM devs?

Cryptsy have a history of slow wallet upgrades - quite often 2-4 weeks - but not several months. This situation for DEM is more complicated. This situation is different.

@glen123 - are you or the devs talking to Crypsty?  How can this be a complete standstill for so many months? Has Cryptsy been told to wait till 1.3.1 is tested and released?

I am going to talk to Mullick@Cryptsy and see if he can't shed some light on things.  He's the man that manages the wallets (if he's still at Cryptsy)

There is no good reason for this coin to suffer for months on end.

Of course its not hard to imagine a few cunning plans that some DEM stakeholders might be working towards with all these delay issues, low mining difficulty and falling price.