doesnt anybody find it the least bit suspicious that the "premium" accounts on paybase are give to those that maintain the highest buy:sell ratio? i.e. its a ploy to prevent dumping because they cant cover it i.e the ponzi pyramid will collapse too fast?
most companies give premium status on the volume of business transacted regardless of buy or sells. smells fishy to me.....
Why does the fact that they want to discourage dumping imply ponzi? Aren't there legitimate reasons for discouraging dumping? They want to buy as little xpy for $20 as possible, but they could want that even if they were real. It saves them money regardless of whether they're a scam or not.
its following their usual patterns of encouraging xpy purchase at $20 from their 12 million stockpile. id be willing to bet come paybase open and xpy purchasing that those 12 million split over what 7 wallets? is what starts draining as people buy from the site @$20. people will want premium free accounts.
note its suspicioys that xpy to $$$ wont be available at the start. The price is being heavily manipulated and not a market decided value by the people. its like the willybot days of mt gox. $1200 was price manipulated and people buying got burnt. bitcoins agreed price is $317 atm. xpy is what $6. coinswap etc all have that price..
ask yourself where homero gains to profit? if its through transactions then his buy:sell ratio prevents spending and profit. merchants wont see xpy direct because they need $20 promised else using xpy runs at a loss to them if homero tries to set it at that. homero needs more buys than sells to flick the cash gained from buys to cash outs to merchants. remember too this makes him a money transmitter... no registrations atm. he bought or says he bought coin-swap because they were the exchange people were dumping it on. controlling that is just one of the plan parts to control the ponzi. i wont be dealing with that exchange anymore as i anticipate btc rates being messed with fake orders to benefit their payouts required.
Btw I confirmed on irc (#coin-swap) that gaw bought coin-swap, there might be an announcement tomorrow. The only other good one is cryptsy and the deposits take forever for me, and also they don't show you the full orderbook, which makes me unhappy.