Didn't GAW say paycoin was suppose to have a $20 floor. I do not see it yet. Is it only in paybase or all exchanges?
Only in Paybase, and since Paybase doesn't exist yet we don't have the floor. Paybase should launch Monday, however there are going to be limits and delays due to KYC verifications, so it remains to be seen if there is indeed a "floor" and how exactly it works.
I have another possible thought as well. GAW only needs a buffer to mitigate it... its actually quite clever and i'm only just thinking about it now not sure how i missed it earlier. Prior rounds with hashstakers etc have been crowdfunding... promise the earth get a alot of cash and bitcoin this becomes a buffer.
Provide a high return floor at paybase to force rising values at exchanges to match... after all why would YOU sell for $11 at cryptsy when you can get what $20 at paybase? Still with me? Ok now remember those wallets with varying amounts? The 1,750,000 or 2,000,000 constant values? Get those wallets from the rich list and monitor them closely. Its going to matter squat now because after reading this josh will split them further to hide it and mix it around in smaller addresses but its worth posting for people to be aware.
Josh will sell those internal 12 million paycoins at cryptsy to everyday seller accounts to recoup btc that he can then use in paybase to pay people cashing out. It'll now be a slow bleed with him hoping it'll stabilize over time. If it stabilizes before 12 million paycoins (@$20 each) dries up then he makes out like a bandit... if but only 1 million survives thats still $20 million dollars. Continued profits are ensured if they own controllers generating new free coins... with the source hidden they could likely just grant themselves coins.
The KYC compliance etc is a way for him to hide behind whats happening.. Josh just only needs to keep customers happy. Failure and hurt to any of them raises complaints and internal investigations crush him. Bannings etc are a way of controlling this at present as nobody i believe has lost major $$$.
At this point it'll be a slow 3 month bleed out or investigation that exposes this and thats why Josh is hating scott... scott called his bluff earlier as did coinfire. People weren't meant to investigate GAW at the mining stage it was always part of the plan to move to staking to remove the ponzi evident aspect. Hence why the videos sucked ass etc.
The initial rounders will make cash and become the voice to call out the trolls. Its the slow bleed 3 month people that buy at $20 that won't get anything back that are the true victims.
IN SHORT
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Watch those investor wallet addresses and where the coins go.... i'm willing to bet they match exchange transfer and sell amounts on cryptsy etc. This is why investors were never named. They are GAW coins, subsidiary companies etc.