Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action

Quote from: frank2 on January 25, 2016, 07:54:14 PM

there is value in this house itself : CRYPTSY

if it was penny stock exchange - value of such house would be in billions

if it would go under bankruptcy - lawyers would sell to highest bidders

you say : small coins have no value : how much bigger intrinsic value having diamonds, posts stamps and so on

by allowing lawyers to sell Cryptsy to someone for pennies ( possibly to competitor who would close Cryptsy )

by this action ( or inaction ) - allowing to sell Cryptsy for ZERO - we would confirm ( as you say) that all altcoins have ZERO value

Quote from: Melech on January 25, 2016, 07:40:16 PM

Quote from: frank2 on January 25, 2016, 07:12:13 PM

actually, best outcome for all coin holders would be survival of cryptsy

an option to convert altcoin deposits in stakes in the company or similar

this happens quite often in bankrupcies

but it must be transparent an under our control

IMHO this is possible

that would:

1.prevent deaths of smaller coins

2.give some remote chances for recovery of funds

ordinary bankruptcy - lawyers will take all

What part of Craptsy is bankrupt do people not understand?

There is no money... coins of value were stolen 19 months ago... Craptsy has maybe $100k worth of crapcoins to dole out, so be patient...

Dead coins are worthless because they are scams which were abandoned after the pump-n-dump... don't invest in them, so some research before throwing your money away...

Lawyers will not be able to sell Cryptsy to anyone for less than what is owed to the depositors. They can liquidate assets yes, not sell it. Why would anyone buy an exchange that owes so much money only to put the coins in the exchange so people can leave with them and never come back? Those coins now go to other exchanges and leave the buyer holding a worthless exchange.

If the community were allowed to take over then that would be a different story. Then we implement a profit sharing agreement that all holders of coin get an IPO of sorts and revamp the infrastructure and security. The people who have their money in the exchange now stay as users and create a market again. This is the only way any type of repayment works since no one is dumb enough to just cover the coin that was stolen to buy a fraudulent exchange with PR problems. The only person who could afford to would be the thief.

The only people who would normally have the possibility of getting their BitCoin back are the MN Share holders. Funny how they are not going to be paid out though now. If the MN2 and MN markets could be shown as fake it would prove an inside job. Even though we know it was an inside job it would give more proof.