Quote from: Luckybit on December 21, 2015, 01:11:26 AM

Quote from: bhokor on December 21, 2015, 12:17:41 AM

Quote from: Luckybit on December 21, 2015, 12:08:25 AM

Quote from: ranlo on December 18, 2015, 07:03:40 PM

Quote from: notabot on December 18, 2015, 11:10:39 AM

Quote from: wiser on December 17, 2015, 04:44:34 PM

As for Cryptsy, it seems parts of it are working fine. You can still send deposits and those go through fine. You can use your BTC to buy and withdraw many altcoins (hence their high price relative to other exchanges), and then you can move out the altcoins. The DVC price was at the level it's at now before Cryptsy started having its issues and the price hasn't gone down since. If a different exchange traded in DVC, then I suspect its Cryptsy price would also be inflated. I got off Vircurex quite a while ago, and had forgotten they were even still online, because I started encountering more and more hiccups with deposits and withdrawals and I worried that they might be Goxing. With Cryptsy, I think they are having genuine issues and they are genuinely working to mitigate them, but their poor PR and communication is making matters worse and leading to FUD, etc.

Cryptsy was hacked, or an insider job, whatever, at least according to rumors I've heard. There's an article allegedly about cryptsy http://forums.prohashing.com/viewtopic.php?f=11&t=655&p=2477 . I have coins I'm unable to withdraw from there and my support tickets get closed. Now they don't even respond to them. Playing with fire if you deposit coins there. Strongly advise don't do it.

If anyone couldn't see this coming, I'm not sure what to say. I wiped my Cryptsy balances about a month ago when a flood of reports started coming out about not being able to withdraw. If people didn't heed that warning and know something was about to happen... well, this is going to happen again. You'd think people would have learned from Mt. Gox,

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I contacted someone here. What you should do is contact Open Ledger so that DVC can be traded on a decentralized exchange. It's win win because Open Ledger needs the liquidity and DVC needs an exchange which is resilient. There is also Metaexchange to contact.

https://www.openledger.info/
https://metaexchange.info/

Open Ledger is a p2p exchange? but i thought is needed to go through bitshares, i mean it have not direct exchange dvc/btc it can be a little embarrasing for no technical users

It's a P2P exchange which goes through Bitshares 2.0. Bitshares 2.0 is not like Bitshares 1.0.

I guess their marketing isn't very good or is non-existent which is why no one knows it's even a decentralized exchange.

You can do direct exchanges through Metaexchange which is based on Bitshares 2.0 also. Try Metaexchange and see for yourself.

https://metaexchange.info/markets/ETH/BTC
https://metaexchange.info/markets/NXT/BTC

As for centralization, depending on the asset it can be completely decentralized or not but the way it works is you have IOU assets like OpenBTC, TradeBTC, etc, which represent Bitcoin on the Bitshares Blockchain. This allows Open Ledger and Metaexchange to both trade real Bitcoin on their exchanges. The risk is in the fact that you're dealing with IOUs but this is currently how centralized exchanges or Ripple does things, it's always with IOUS.

The Gateways redeem the IOUs for the actual tokens when people cash out. It's decentralized based on the fact that there is multisig control of the IOUs like OpenBTC, TradeBTC, etc. It's not centralized, so there is no website you can take down to take all the IOUs out of the system. If Metaexchange goes down you'd still be able to trade on Open Ledger or anything else.

It's about as decentralized at this time and still maintain the functions of an exchange. You can directly trade BTC for DVC on Bitcointalk but you can't do it from an exchange interface and you'd have to trust that person. On Bitshares you're indirectly doing it because you're exchanging OpenBTC, TradeBTC, etc, in exchange for OpenDVC, TradeDVC, etc, which are IOUs which all get redeemed at withdraw. Your risk is that the multisig accounts which control the pool of BTC and DVC can be compromised but ownership is decentralized. Even ownership of Metaexchange and Open Ledger is decentralized by Meta fee shares and oBits.

I don't know much about these two exchanges but from what you say it sounds like a good idea to get DVC on there. It's good to have multiple options, so that if one exchange has problems it's easy to just move over to another one.