Re: [ANN] CryptogenicBullion (CGB) RELOADED! 1M CAP - PoS/PoW - MAND. UPDATE+BOUNTY
I think the issue with CGB to cryptsy is that the invest class cryptos are thinly traded. As such, they really don't make that much money for the exchange. I think that CGB is the best of the bunch, but they trade at a high price point. truth is that many people on the exchange would rather have .75 of a billion IFC over 100 or less CGB.
that means that IFC will necessarily be more of a pull early on than CGB.
Your profile states that CGB is to be locked away frozen for investment purposes. This is exactly to the ire of what cryptsy wants. That being said, they are the exchange in alt coins and they want to remain that way and the requires services, which is why CGB will be added.
When, that is up in the air, but I would imagine it will be in the next two weeks.
Cryptsy ultimately has a lot on their plate, so adding currencies is probably not at the top of the list during the week. they have 10% a day user growth and they have to monitor the system to make sure that the load is not to great for expected traffic. in addition there is the USD direct issue, which will be a huge boon for their business, but that has so much along with it.
I think that new batch of currencies will be added this weekend. that seems to be the pattern based on the limited data we have
Cryptsy, after all, is only 3 weeks out of beta.
I would think within two weeks, possible Friday Saturday or Sunday for an add.
Happy hashing all!
that means that IFC will necessarily be more of a pull early on than CGB.
Your profile states that CGB is to be locked away frozen for investment purposes. This is exactly to the ire of what cryptsy wants. That being said, they are the exchange in alt coins and they want to remain that way and the requires services, which is why CGB will be added.
When, that is up in the air, but I would imagine it will be in the next two weeks.
Cryptsy ultimately has a lot on their plate, so adding currencies is probably not at the top of the list during the week. they have 10% a day user growth and they have to monitor the system to make sure that the load is not to great for expected traffic. in addition there is the USD direct issue, which will be a huge boon for their business, but that has so much along with it.
I think that new batch of currencies will be added this weekend. that seems to be the pattern based on the limited data we have
Cryptsy, after all, is only 3 weeks out of beta.
I would think within two weeks, possible Friday Saturday or Sunday for an add.
Happy hashing all!
Excellent points my friend, thank you for the insight/contribution. I can see the point clearly that you make regarding the trading volume with the currencies designed for holding, however, I would point out to Cryptsy and others that in the 3 weeks of existence for CGB, 300k have been mined. Due to this, I feel the volume is there and trading would be plentiful. At least until the subsidy starts halving, at which point price should skyrocket and hoarding will occur. Even when that occurs though, doesn't Cryptsy make a percentage off of each trade, meaning a trade of 1btc worth if Infinitecoin would equal the same profit for Cryptsy as a trade for 1btc worth of CGB?
Interesting discussion nonetheless.