The feeling that people have when they are trading on Cryptsy is one that I can only describe as a feeling of excitement and fidgeting that could be a combination of anticipation and caffeine and I repeated the same sentiment on numerous of my blog posts. The feeling of being in Cryptsy and wondering what digital currency was the next to skyrocket in value was akin to a treasure hunt in a thrift store. One time you would find a good leather jacket and then the next, you would find a box that only contains old boxes of VHS tapes.
Big name cryptocurrencies that had no value were worth nothing as the rare and obscure cryptocurrencies with rational prices ruled the trade. Marketplace liquidity was in real time. The market place prices were now active and with that near perfect trading mechanism, Syndicate members were gambling and some were quick to declare that this one was going to the moon before they disappeared and became a ghost in the trading room.
The trading in Cryptsy was somehow a special trading experience. The user experience is the most vital in most trading sites, whereas Cryptsy actually has no concern with the user experience. The trading buttons would be at a draw with normal trading, there would be freezing of charts and the withdrawals would be very slow. They are almost the same as a boredom simulator as they put your patience to the test, and refuse to be concerned about your money and efficiency.
Many of them decided to quit the exchange and leave Cryptsy after joining it. Many found refuge in trading forums. The trading guilds in writing make distress. I sent mine two hours ago, and any other member of the withdrawals trade waiting on Cryptsy…mine cleared yesterday. I sent mine six hours ago… cease panicking I sent mine two hours ago, any one then waiting on the withdrawals of Cryptsy trade. “dispatch mine six hours ago… cease panics. While some chose to stay. Some of them wanted to count confirmations and forego sleep sacrifices.
Whispers changed to yelling and then there were security concerns. Wallet concerns. Numbers didn’t add up. Post-power outage people compared balances such as neighbors. You missing funds? Balances would be checked by traders, and they would be silent.
Behavior was rewired by the fallout outcome. Cold storage did not sound at all bad. At dinner there was the subject of custody. Trade had ceased to be in vaults, it was now in the pitstop. In, trade, and out. No more stalling. The hard fought lessons are those lessons that are hard to shake off like a burr.
The price of human beings is a stinger. The trade losses are the ones that are hurt. Some people found it amusing. The mockery was instead replaced by anger among others. The tone changed abruptly, instead of talking about the laws.
That anger still lingers in the current crypto discourse. Commitments of openness made in the past have now turned into lips. You can not have style without substance.
And there remains a lightly floating tale of Cryptsy. It continues to age badly since the criticism of the innovation without the crypto system taking responsibility is being worn out as the more things change. Pages that covered the old cracks are now dilapidated.
It is yet another heart-aching tale that is served with a chuckle. In crypto, the stories linger. They teach. They warn.
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