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Showing 10 of 10 results by smackYYZ
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Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 13/03/2014, 14:10:00 UTC
Sites been up for a while today, so seemed stable, and I got on and withdrew the balance of my coins. Got confirm email, and coins showed in my wallet within a few minutes.

So I doubt it's a scam, since why would they let us withdraw anything. I think they are in over their heads on the complexity and are struggling with how to fix all the hickups that have happened.

I wish everyone luck, including the devs since the exchange looking promising and was the fastest around.

I also hope the devs can unravel the complex mess that they have on their hands.

I'd return if they could fix all the issues and improve their communication skills!
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Topic
Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 03/03/2014, 17:37:12 UTC

I think you miss the point.  I don't believe anybody here is taking issue with the fact that "problems happen", especially in beta, or that coinmarket is likely working very hard to fix them.  The issue is with their poor communication.  I don't know what company you work for but I've been in I.T. for nearly 20 years and I can tell you that any project run this way without regular reports to stake holders simply wouldn't be tolerated.  You don't leave people hanging for days on end, missing target date after target date and failing to fulfill the promises they've made to the people with frozen transactions, without some sort of explanation.  Not an in depth technical dissertation, just a statement of where the project stands and what progress has been made.  It really isn't hard.  A couple of sentences once or twice per day would do wonders.

TL;DR  Nobody is asking coinmarket to move mountains - just post short, regular status updates.

This is a concise follow up.

It's not like I'm asking their team for a daily ten minute scrum meeting. Just a simple "we weren't all run down by a mad bus driver on Friday night". I agree, it's always better to touch base with customers, if only to provide reassurance. Often good communication with quality work far outweighs timeliness on delivery. I've always been upfront with my staff to not give me overly optimistic time frames because of Murphy's law. And as a software architect myself I respect that not knowing is part of the battle, and that developers are often overly optimistic. Atwood talked about that coming up to 10 years ago before IT had a mass shift away from traditional long phase development. It's a faster world, we have much more ability in our IDEs and much stronger testing capabilities, but also a lot more to deal with.

CoinMarket.io has obviously run into some fairly fundamental flaws in their framework. If I were to guess looking at it like the black box it is to me, I'd say they might be dealing with synchronization or concurrency related problems. And if that's the case, I sympathize, but there's two aspects to this, development and business. And while they might be making extraordinary steps to resolve their code issues (not that we'd know), they are failing dismally on the business aspect. Maybe CoinMarket.io will learn something here, maybe they won't. I stand by what I said.

As for the earlier rage post. That almost certainly comes straight from an arrogant entitled dev. I hear at least one rant like that every week..."I just can't do it Captain. I don't have the power!" blah blah.. usually after a few days of "Leave me alone I will have it for you later today" but as you note, it completely misses the point and fails to address or have any resolve for the underlying business issue.

That is.. CoinMarket.io is losing significant market share and are unlikely to regain it.

I'm going to have to agree with you here!

As simple etiquette the small effort of posting at least a daily update, would gain them a lot more understanding. At this point, with the site offline for the extended durations, lack of simple clear communication is just going to leave a very bad taste in a lot of mouths.

I can sympathize with the development issues, but making schedule statements then not updating or saying anything is very bad form.

I just hope they read these notes and make a sound choice to update us. We don't all have pitch forks out!
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Topic
Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 28/02/2014, 16:28:37 UTC
They DO state that they are taking on new staff AND reprogramming the whole thing.

This makes me thing 24 hours was a massively low estimate, and they just couldn't get the work done. How many I.T. projects don't come in late? ..answer is, almost all of them, especially those with 0 fault requirements.

You hear what you say? Good development not need to shutdown the live site. They not have a test environment and when the new code is ready and tested just will update to the live server? Of course it is possible to stop the site for a while but not so long as you try to say.

The reason they took it off line is that they discovered an issue that would allow an exploit! That is why the production system is offline. To be safe with everyone's coins and trades they could not leave the existing code running, so they halted the trading engine where the exploit vulnerability was. They have been rewriting the engine and testing, on what environment I don't know, I would assume a development machine.

Occasionally they will probably be pushing the code to the live server to test, and make sure any required new dependencies are in place. Until the testing has been run successfully and they are fully confident there are no other vulnerabilities, they will then bring the trading engine online.

Now why the whole server is offline for such extended periods, this I'm not understanding why. These various ups and downs of the server are a large part of the problem for people in withdrawing their coins. But as the devs have said there have not been a lot of hung transactions, and personally I've had no issue withdrawing or depositing.
Post
Topic
Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 27/02/2014, 20:05:08 UTC
A perfect "make up" for the delay would be to do something for those of us who have waited patiently and had to put up with page after page of trash talk from those who can not do the same. 

Possibly a one week reduced trading rate (50% off) holiday! Say .07% instead of .15%

Post
Topic
Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 26/02/2014, 21:40:38 UTC
It is interesting how this community responds to my fear by calling me names and saying "you get what you deserve for using a BETA exchange."

They said the same thing to me when it happened to GOX.

I wish that I could say

"You are all such good, professional, supportive people and I am proud stand as part of this brave new economy."

the truth is, you are nothing but coldhearted sharks and I hope you all lose everything before money gives you any more power than you deserve.



You people keep saying Its my fault because I chose to use Coinmarket.io, but you dont have to be such assholes about it. I am sorry enough for my own loss. I just thought that maybe somebody out there would want a bit of accountability and transparency here. I was frankly surprised to be awoken by such irresponsible and uncaring attitudes.

I'm not a cold hearted shark! I'm also not irresponsible or uncaring either.  I'm just a developer who understands what the developers of this site are going through, and understand what beta means.

In regards to accountability and transparency, they have updated us and helped people. They can't babysit us non stop or they would not be able to do the necessary work to bring the trading engine back online. Most people have had no issue cancelling orders and withdrawing funds.

You have no right to compare this to the Mt Gox fiasco, not even close. You funds are not gone, just possibly stuck due to the withdrawal getting hung mid process while they are working on the site.

Just take a deep breath and in all due time the site will come back online. Then they will address the hung transactions, either cancelling or completing depending on what is easiest and quickest most likely.

Sure I'd have liked the site to be up and running.

I'm just tired of the whining and hissy fits. Where else can you quickly move your funds in trade and back out. Try that at Cryptsy, 12-48 hours for deposits to appear and the same on your withdrawals, and to top it off the higher fees.

My 2 cents
Post
Topic
Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 26/02/2014, 19:56:57 UTC
I just wish people demanded more communication and accountability. I mean, I saw this guy screaming at a pizza dude because there wasn't enough pepperoni... But on here, people write terribly rude things toward people who are legitimately afraid for the security of their investment. There has been a lot of drama in the crypto world and rather than attack each other, we ought to attack the exchanges who are treating us like children. Is it because we act like children on these forums? Perhaps. The reason why they choose to not communicate is not important. The lack of importance placed on their clientele is obvious. We deserve a 2-3 word update.
 
We (investors) are grooming these exchanges to be the future of finance. We need to stop bending over and start standing up.

I beg of you people to start making demands on these exchanges for the sake of our future. It seems smart to vote with your money for the exchanges that will go above and beyond. Time will tell. In the end, I hope that our losses become the martyrs of progress.

In transparency I trust.

I understand you being concerned, but you only have yourself to blame. To have US$5000 on a site that is clearly marked as in BETA !

I've been using the site but quickly depositing, trading then moving my funds back out. Clearly you do not understand the premise of BETA. It's unfortunate that google has given people the wrong idea of what beta really is. Beta means code that is under development and not meant for production use.

So seeing the site marked as BETA I'm careful not to have too many eggs in the basket, and no more then I am willing to loose.

If you are using the site for volume trading your on the wrong site or be willing to loose what ever is there.

Once the site is at RC1 I would expect, more and better communication from the developers.

I just think your on the wrong site for your needs at this time.
Post
Topic
Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 26/02/2014, 15:41:17 UTC
I appreciate your confidence... But I was not questioning the eventual return to a working system..... I was questioning the assertion that this web site is a good support site.  Good support would indicate an answer within 24 hours ... not complete silence for 72 hours. 

My questions remain valid regardless of others confidence.......   Where is the response?  How many days would you wait with no feedback before you would agree with me?  3 days... 4,5,6, 259?

I will ask a simple question again.... How do I cancel an order?  I cant find anyplace on web site to cancel my active orders?   Still no answers!  Waiting patiently....

This is a beta system, not a production working system.

It hasn't been no response for 72 hours, yesterday there was quite a few responses. and yesterday they said would be 24 hours, which will expire in a few hours. I would expect an update by then.

I do agree that there needs to be a bit more information, but these guys got slammed with unexpected volume. They brought the site out into a beta to test it and work out the bugs, not go into full production volume. I think this is the part people are missing. From what I can garner, I'm guessing there are one or two devs that have full time jobs working on this site. They had a window of full production sometime in March. At this point the site  isn't producing enough income for them to quit their jobs.

So if you want a stable, slow in production site go to cryptsy or who ever until the site is out of beta.
Post
Topic
Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 25/02/2014, 18:32:41 UTC
What about limiting deposits per altcoin per day, like no more then 24 ( hourly ). I know I have mine set to deposit at any where from every 3 - 12 hours. And if deposit frequency exceeds 24 per day per coin, there be a 0.25% deposit fee ( or more ).
This idea with the combination of a minimum deposit amount should do the trick Smiley

A minimum would need to be a function of value or yield or difficulty. Or some combination.

Something like at 100KH/s what is expected yield in 2/4/6/12/24 hours for the altcoin and pick a level that seems to make sense for the minimum.
Post
Topic
Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 25/02/2014, 18:15:03 UTC
Can I make deposit to coin market now? Or just wait ?
1. Deposits work
2. Withdrawals work (if there are enough unspent inputs in the wallet that can be combined into a single transaction).
3. Canceling orders works

If you really want to be sure, just make 2 or 3 smaller withdrawals instead of one large one. This does not affect bitcoin, only some of the altcoins.
We are consolidating the dust into larger inputs to stop this issue - its nothing major, your coins are safe.
There is a limit on number of inputs that can be used in a single transaction.
This is why people who mine directly to the deposit addresses (using small amounts) need to be puhisned in some way.
They are spamming the blockchain and effectively making a denial of service attack without even knowing it.

What about limiting deposits per altcoin per day, like no more then 24 ( hourly ). I know I have mine set to deposit at any where from every 3 - 12 hours. And if deposit frequency exceeds 24 per day per coin, there be a 0.25% deposit fee ( or more ).
Post
Topic
Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
smackYYZ
on 11/02/2014, 21:52:01 UTC
This withdrawal has not processed properly.

Tue Feb 11 2014 19:51:30   0.00185032   BTC   108.162.241.198   confirmed
Transaction id: f5ffba9a93720576fb0767476115ee764d54345d8f3221dc6d7018d2814e5958

Thanks!