Re: Cryptsy **Temp-Banned** TheGrammarHammer

Hi,

I am not here to FUD only comment and vent some of my own frustrations about this situation and the wider implications upon which is partly
why I suspect TheGrammarHammer got a temp ban (I hear its Lifted now, so coolio =)

tbh, it seems that if I was have problems with an exchange, I would personally leave the exchange AND all my coins there and kindly
tell them to go Fuck themselves and enjoy my coins in good health, life is too short, kind of thing.

It also seems the time you spent writing this thread could have been better spent pumping or participating in a pump (trading I should say) to make
more coins.

Everyone is well aware of the many issues which cryptsy is facing head on.
I suspect all exchanges will ultimately be facing 'or' have already gone through this exact same process.

I am by no way a "Cryptsy Fanboy" however the rules and regulations they are having to meander & maneuver through is crazy !!

Have you actually managed to read the complete regulations which they must adhere to ??
BANK SECRECY ACT, ANTI-MONEY LAUNDERING, AND OFFICE OF FOREIGN ASSETS CONTROL (*.PDF)
[V.Scan it and be mindful about viewing PDF's online]

_{Thanks to DCGirl for kindly sharing this info.}

It seems like a quagmire of potential landmines; which, I for one, am glad I don't have to deal with or really worry about.

As, we cryptsy customers are lucky in the fact its taken care of it all for us.
Okey, So we are going through some painful changes,
1) That is Life !
2) That's the law !
3) That's Crypto's

As I have already had several quite heated exchanges with all of cryptsy team in the trollbox on this matter I can see their frustrations about this stuff too..

I don't think they had much of a chance to do anything other than to comply ASAP!! (Yeah, thanks for that Coinfart FUD)

I digress..

Admittedly, communication is not Cryptsy strongest point,

This is not an excuse just from their perspective however, I suspect it's partly due to the range of alts they have on their books, which by the way all need
tender loving care and attention from staff, constant maintenance which in turn require resources.
Further exacerbated by newbie traders who they too also need support as they start out in crypto world.

I can only assume the following: but in order for Cryptsy mods to keep on top of the many questions/answers during that specific and crucial time some members
were given a quick timeout ban to help get through the quantity of support questions put to the team, which all happened in a relatively short space of time and in
rather quick succession. (Was this the right thing to do or not, I don't know I can only speculate)

Staff were under pressure and perhaps were spread a little thin on the frontlines, but I can only assume that..

I have emailed bigJohn directly asking to perhaps provide us detail about some of the changes made and post some place where we can all read exactly
what's happened, what changes have been made and how it impacts the average joe blogs Cryptsy trader.

Ultimately, It turned out to be a perfect shit-storm.

The Implementation of multiple features across the whole Cryptsy exchange platform were rolled out, New "Cryptsy-Crypto" Debt Card Campaign, New Coin Sponsorship setup
and a cleaner Trade UI set of tweaks.. PLUS on top of all the FUD created by Coinfart article BS caused extra scrutiny, etc.. A Perfect Shit-storm!!

Cryptsy has been a solid platform from day one, Yes, there have been several bumps along the road but to compare these latest issues with a blatant fraud,
that was the mt*gox* saga is not very fair at all and is quite irresponsible to even mention the both in same sentence as comparison IMHO.

Even though I have said what I have just said.. I may still be caught bitching in the Cryptsy trollbox about some of these exact same issues i have just mentioned
over the coming days..

Deep down I'm far happier to know my exchange is Safe/Secure and legit.
Furthermore, it's a way to keep us all just that little bit more honest to..

Final words:-

I am absolutly NO different from each of you who read this thread.

I am in same boat, I would much prefer to be part of the solution as opposed to further exacerbating the matter.
Nobody likes change, I sure as shit hate change, but if this means Cryptos will be that one step close to being fully realized and at the same time legitimized
in the eyes of the 'big business boys' well I'm **almost** all for that.

BUT and this is a big but.. There is only so much room to control what is ultimately an uncontrollable force which is cryptos.
I came to crypto's as I see the BS happening in the world.
Fractional Reserve banking, Greed, Ever widening Poverty gaps, Social, Ethnic divisions and all the many other deeper issues.
I truly thought Cryptos would be the answer to some of these issues, who know's it still can be..

If things become even more heavily regulated in this sector, an undercurrent of discontent will begin to bubble and will surface once again, Soon we will "buck"
this system, just like how Satoshi "bucked" the fiat system and created BTC for that.

IMO Crypto's were not supposed to be controlled..
That's one of the key purposes of crypto's..
Freely able to distribute value, not limited by a set amount or set period of time but free to do what we wish to with our own value..
To get away from centralization and be decentralized and driven by consensus not held hostage as this .gov regulation has ultimately done.

FYI: I have deposited and withdrew cryptos to/from Cryptsy in past few hours and I have no issues at all, All working fine from my perspective.
The Staff are still there answering support questions both in trollbox and through the official ticket system as I had a reply in under 24hrs..

Thank you,
Krypt0Fr3ak

--edit.. To be fair I would also be up in arms if I was banned for whatever reason, especially when not in light of the full facts of situation i guess..
another words I can relate and understand why you had voiced your concerns here to, but in comparison to the amount of crap I talk about in
trollbox at times It won't be as much fun if you're still awol.

Perhaps come back, pick up some cheap Sprouts and at least give it one more shot Wink