[...]
For the time being, GoPoints will be exclusively offered in a "closed loop". That is, those GoPoints issued to merchants in the GoPayWin network and won by consumers will be the only points available in the GoPayWin wallet. We anticipate enabling the deposit feature, once our merchants are comfortable with the process and see the benefits of attracting customers that acquired GoPoints outside of the network.
This is a temporary measure that will be lifted as the network grows and starts transacting.
[...]
For the time being, GoPoints will be exclusively offered in a "closed loop". That is, those GoPoints issued to merchants in the GoPayWin network and won by consumers will be the only points available in the GoPayWin wallet. We anticipate enabling the deposit feature, once our merchants are comfortable with the process and see the benefits of attracting customers that acquired GoPoints outside of the network.
This is a temporary measure that will be lifted as the network grows and starts transacting.
[...]
Please expand on what you mean by a "closed loop". Are we talking about the same blockchain or not?
Can I spend the ZRC that I mined (now GoPoints) in any of the enabled merchants or not?
I'm happy to see some update, but I have serious reservations as to what this "closed loop" signifies, from a practical standpoint, as well as to all of us that have been holding or mining ZRC since launch... Would appreciate a comprehensive clarification.
The GoPoints live on the same blockchain, but we're only allowing spending and receipt of more GoPoints from merchants while using the webwallet on GoPayWin.com
It's a closed loop in the sense that the GoPoints can't leave the web wallet and more ZRC/GoPoints from the mining network/pc wallets can't be added to your wallet yet.
Like the post said, temporary measure, it'll be removed once the network has volume.