Quote from: SwissCrypt on January 14, 2015, 09:12:26 AM

Quote from: suchmoon on January 14, 2015, 07:24:51 AM

Quote from: geegaw on January 14, 2015, 03:17:36 AM

re: blockchain

https://archive.today/DhbzB#selection-8401.0-8473.65

Quote

All hashpoints were turned into paycoins. The Genesis block is the only place they could have come from. This was well disclosed.

Our security system uses warm, hot and cold wallets. Our policy is to keep only a small amount of XPY in our hot wallets. When coins are sent out they are sent from a shared pool.

This pool will contain customer coins and investors coins from the genesis block. It also contains deposited coins and coins purchased off the exchanges.

Additionally, all Paycoins sold through credit card go through the following process:
◦Receive confirmation from credit merchant that card has been charged
◦XPY is credit to customer from XPY pool
◦Funds settle at the end of the day
◦3-5 Days later, funds become available
◦FIAT is then transferred to BTC broker
◦Once funds settle with broker, BTC is sent to our wallet
◦The BTC received is then used to purchase XPY from an exchange to replenish the XPY pool

The credit process will be changing with the next paybase update.

Am I reading this right - they put the supposedly escrowed investors' coins and customers' coins into Paybase's hot and/or warm wallet to be used as GAW's own reserve. How would that make any sense?

Meanwhile BTC is tanking as the rest of the crypto dream...
Well done guys!
I bet Reddit and Bitcointalk showed the world how educated and polite people are on those forums...
Collect your own ashes now and enjoy a life beside hate, fud and scam 😄

Is that you Josh? lol