Quote from: r00tdude on January 09, 2015, 06:45:38 PM

Quote from: vancefox on January 09, 2015, 06:19:30 PM

Quote from: kupan787 on January 09, 2015, 04:18:31 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.

Not a true believer, just testing the CC to see who the processor was.

If you want to spend some time tracing it, here are two purchases I made:

TXN: 5c3c2efa1cd2abb0e384ed5ce15ef041903d992fe94d13531186f6185f93dfaf
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 25.698324 XPY

TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 27.090858 XPY

Important note, the second purchase I just made now. What was different from the first:

1) I was asked to confirm my address (which was prefilled)
2) I was asked to confirm my credit card (including CCV) was was all prefilled
3) I was asked to type in my phone number. I INTENTIALLY put in a bogus phone number
4) The transaction was processed (again with a 10% fee), but the XPY was deposited immediately to my account (no hour wait this time).
5) The charge on my CC appears as the same "ONLINE SAN FRANSCISCO", which I believe is Stripe (so looks like CoinFire might be correct, that they just changed the merchant account, but continue to use Stripe for purchases).

Went ahead and just did a transaction excavation on: TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18

Starting from the premine block:
https://chainz.cryptoid.info/xpy/tx.dws?1.htm

To the premine block movements out to a 1,750,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?167.htm
https://chainz.cryptoid.info/xpy/tx.dws?186.htm
https://chainz.cryptoid.info/xpy/tx.dws?190.htm
https://chainz.cryptoid.info/xpy/tx.dws?194.htm
https://chainz.cryptoid.info/xpy/tx.dws?9616.htm

From that 1,750,000 premine dispersal to a 50,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?83905.htm
https://chainz.cryptoid.info/xpy/tx.dws?139249.htm

From that 50,000 block through more dispersal to an almost 25,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?139351.htm
ttps://chainz.cryptoid.info/xpy/tx.dws?139867.htm
https://chainz.cryptoid.info/xpy/tx.dws?141151.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm

From that ~25,000 block through yet more dispersal to two approx equal blocks just over 12,000:
https://chainz.cryptoid.info/xpy/tx.dws?141732.htm
https://chainz.cryptoid.info/xpy/tx.dws?141761.htm
https://chainz.cryptoid.info/xpy/tx.dws?141767.htm
https://chainz.cryptoid.info/xpy/tx.dws?141796.htm
https://chainz.cryptoid.info/xpy/tx.dws?141858.htm
https://chainz.cryptoid.info/xpy/tx.dws?141932.htm
https://chainz.cryptoid.info/xpy/tx.dws?142048.htm
https://chainz.cryptoid.info/xpy/tx.dws?142177.htm
https://chainz.cryptoid.info/xpy/tx.dws?142362.htm
https://chainz.cryptoid.info/xpy/tx.dws?142787.htm
https://chainz.cryptoid.info/xpy/tx.dws?143015.htm
https://chainz.cryptoid.info/xpy/tx.dws?143187.htm
https://chainz.cryptoid.info/xpy/tx.dws?143275.htm
https://chainz.cryptoid.info/xpy/tx.dws?143377.htm
https://chainz.cryptoid.info/xpy/tx.dws?144745.htm

From one of those ~12,000 blocks to two approx equal blocks just over 6,000:
https://chainz.cryptoid.info/xpy/tx.dws?146064.htm

From one of those ~6,000 blocks to two approx equal blocks just over 3,000:
https://chainz.cryptoid.info/xpy/tx.dws?147619.htm

From one of those ~3,000 blocks through even more dispersal to two approx equal blocks just under 1,500:
https://chainz.cryptoid.info/xpy/tx.dws?148159.htm GAW sending coins to Bittrex?
https://chainz.cryptoid.info/xpy/tx.dws?149033.htm Bittrex again?
https://chainz.cryptoid.info/xpy/tx.dws?151682.htm

From one of those ~1,500 blocks to two approx equal blocks of around 740:
https://chainz.cryptoid.info/xpy/tx.dws?155845.htm

From one of those ~740 blocks to two approx equal blocks of around 370:
https://chainz.cryptoid.info/xpy/tx.dws?160085.htm

From one of those ~370 blocks to two approx equal blocks of 185:
https://chainz.cryptoid.info/xpy/tx.dws?164542.htm

From one of those ~185 blocks to your transaction:
https://chainz.cryptoid.info/xpy/tx.dws?a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18.htm

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

No, it never does. Thanks for this analysis.

While it's nice to have it proven they are selling pre-mined coins on Paybase... Is anyone really surprised? Huh

The folks over on HT think buying up XPY from Paybase will raise the price on the markets, but it won't do a darn thing when they are selling from their massive pre-mine... They are literally just selling junk coins and depositing it into their bank accounts...