Quote from: suchmoon on January 09, 2015, 03:26:13 PM

Quote from: Phildo on January 09, 2015, 02:29:09 PM

Quote from: coinmaster222 on January 09, 2015, 01:56:23 PM

@redacted answered my question on premine sales on HT

"You can tell they are NOT the premine, since those coins sit in prime controllers, and those prime controller addresses are are known and shown on the richlist. Believe me, there would be lots out outcry if any of the coins in prime controllers started moving out of thier wallet addresses and showing up for sale on exchanges."

well then where are the 1000S of coins sold on paybase coming from???

one guy alone posted a buy from paybase of about 488,000 xpy

This again should be trivially simple. There has to be a true believer somewhere who bought a coin on paybase. Follow that coin back to where it was created. This coin isn't very old, it shouldn't be too hard.

It's likely it would trace to the premine, but that doesn't prove anything. It could be someone's HP conversion, or it could be GAW's own coins. If they wanted to do the right thing they could have signed all addresses that 12 million was split into so that we would know exactly which part belongs to HP conversions, investors, and as it turns out now - a test Prime Controller. Even that is not a proof of anything, because GAW could have as many HPs of their own as they want under any number of pseudonyms. But the fact that they didn't even do such a basic accountability step shows how messed up this thing is.

How many steps it takes to get to the premine would be useful information. Did it ever go to an exchange? How did it get out of the premine? I went looking once and it looked like they siphoned them off 1 million at a time. Any of them being mined in other blocks would lend some credibility to the claim that they're buying off the exchange.

That's what I don't get about the whole thing. Everything can be transparent. They can come up with excuses to not show everything (probably bullshit excuses, but excuses nonetheless) but that still doesn't explain why they don't show ANYTHING. It's possible to show with 100% confidence that it's legit (if it's legit) they show 0% and people buy it. Just doesn't make sense.