From what I have gathered, the sale of the Cryptsy coins has occurred in agreement and distribution should be in about a month. I personally communicated with the party handling the sale and it sounds like the purchaser of CBX bought a bundle of the low liquidity coins. What this individual intends is yet to be identified but they will now be the largest stake holder in CBX (outside of the escrow for SPK).
My next question will these coins still be made useless with the introduction of the new chain?
We have discussed this. There will be no making useless of these coins. They exist on the CBX network and that will never change.
There is however a potential of creating a new coin / chain that does not include these coins but nothing is in motion towards this possibility at this time.
Indeed. I believe we should wait and see what happens to the CBX soon held by the new buyer, and try to figure out what their intentions are if possible. He may as well be a well-intentioned investor, and that should pose no problem whatsoever to CBX.
Someone has info on the new buyer?
Yes, our group just completed the transaction with the Cryptsy Court Receiver. We are a group of investors that are interested in the success and longevity of the coins we bought. We have no intention of dumping these coins recklessly. It won't help the community and it would be a very dumb investment move to say the least. We have watched many unsophisticated investors misuse coins and have seen the destruction it causes.
To be clear, we made an investment in CBX and expect a return. We have plans to buy and sell small amounts here and there, but we intend to build the coin - not destroy the coin's support. Go ahead and relax
At this point you are probably realizing that this is our first post, but we created this login to address the public as the "Cryptsy Investors". To prove who we are, we are about to transfer the balance to our new wallet. We are just syncing our client. Should be some time tonight.
Cheers!
I would like to take this opportunity to introduce myself and welcome you to the community. First of all, congratulations on your investments and thank you for seeing the potential for CBX. I am the founder of CBX so I have been with it since inception in June of 2013. We (core dev team) have had and continue to have ambitious plans for the future. Where we have run into issue is due to the limitations of self-funding (all resources). We fund development and contribute time as best we can on a shoestring budget while volunteering hours outside of our regular work and family lives; but we are competing with other coin ecosystems with far larger technical support, funding and communities. These are our obstacles to overcome at the present however we have an excellent product fundamentally which has its own points of technological innovation and differentiation.
If your group is interested in working together to help us out and to make your investment grow, please reach out to me to discuss.
elambert2014@gmail.com
Again, welcome
Chris 'elambert'