Quote from: thunderjet on January 25, 2016, 08:46:15 PM

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...

you are right when say that bankrutcy is a bad option,but it is inevitable if some big investor does not buy it.

If Cryptsy wants to stay in business,they needs a lot of income,big volume,quick and effective support response,deposit/withdrawal works smooth,fast trade engine - everything Cryptsy lacked before hack

So every investor have to put a lot of money at start and give members reasonable plan how to pay debt - that is not likely at all

you are also right when you say that Cryptsy fall will mean certain death for a lot of small coins - but uncontrolablle putting coins on exchange is one of reasons for Cryptsy security was on such low level - they had only one man Mullick to maintain few hundred wallets which was completely insane.They hired ordinary people to give endless excuses for a technical problems they had,instead to hire qualified tech support to maintain such beast.

Also there is a quite big security risk that Cryptsy can be bought by some notoriuos scammers,which could exploit sensitive private info of their members given through AML or make Mintpal 2

I'm seeing a lot of transactions stemming form MintPal's known addresses going to and from Cryptsy leading up to the event... and continued thereafter.

Question: Can a person who embezzles his company file bankruptcy of said company after the fact?