Quote from: bananafana on January 18, 2015, 05:11:43 AM

So the story is that he had planned to speak earlier today, and to announce PayFlash at that time.

Then the event was cancelled because PayFlash hadn't passed QA, and "we will not release software that does not pass QA." As if he couldn't hold a Q&A if PayFlash wasn't live.

Then a few hours later PayFlash is released. It conveniently passed QA very shortly after it gave Josh an excuse to chicken out.

Then PayFlash causes a flash crash of XPY on the paybase site.

And PayFlash turns out just to just be a facade round Gyft. GAW sells XPY (at a bad exchange rate) for BTC.

And obviously GAW has no bots that balance demand between Paybase and other exchanges, or else the PayFlash crash wouldn't have happened.

XPY was $0.09 a minute or two ago on paybase. Now paybase is down (Cloudflare error 520). Awesome QA as always from GAW.

All in all, quite a day for Josh.

EDIT:
https://hashtalk.org/topic/29491
GAWCEO writes: "The market is being manipulated. We are tracking it down."
Because what's the point in buying an exchange if not to be able to halt trading when it isn't doing what you want?

I thoguht it was a glitch. Does this mean that All those massive bagholders dumped their XPY into giftcards in order to exchange their useless XPY for a more liquid currency? (Gift cards). Thus causing the Paybase valuation to downgrade XPY? But why would that cause a huge dumping of XPY at Cryptsy? Unless people thought the valuation of Paybase was a real time dump, so in turn dumped on Cryptsy because they thought everything was crashing.