Topic: [ANN][PSB] Pesobit, the currency for remittances and international cooperation - page 48. (Read 208455 times)

Is this coin still alive?

Well, if you do not like PSB, then I suggest you tell your OFW family to continue using Western Union, continue feeding the american financial system, and continue paying high fees.

It's your choice, I respect that.

Nothing else we can do.

its a very evident that they count  32M   no different to a coin premined. no different to giving 10 million pesos to the team if later the filipinos are going invest to this coin.
what kind of whale owns 10 million. and yet they kept hidden. show it to us. lets see the dates of the withdrawals from those wallets. if the team can't show these to us, this is going to be a pure scam. the fact that this coin has no special feature is already a suspicious attempt.

The whole 32 million PSB was premined, actually, with around 20 million sold through ICO and 10 million sold to exchanges, 2 million PSB left for Foundation and development.

Premine everything is often necessary with a 100% PoS (staking) coin, no surprise shock here.


I am not part of the PSB core team, but I am part of the remittances solution system as I will help make the PSB option known to the local Filipino community, here in America, once e-wallet.ph is functional.

The thing that makes me so enthusiastic is finally finding a real-world use for a crypto, to help with this real need (cheaper remittances - stop feeding the old USA financial economy with YOUR money).

that doesn't give you the right not show it to the public, paste those online wallets here. we'll see if they aren't being dumped gradually.

psb is no different than being a 10 Million premined coin in this case.  FILIPINOS won't be noticing it while we put more money to the pool, they'd be gradually dumping these 10 million. you keep hoping PSB will have more value in the future but they aren't.  why invest to this PSB when there are better and safer coins which are more valuable.

PSB is now starting to create a volume in the market and it can be a sign that the whales are getting ready for their magic show.
We soon be seeing a high volume of pump in this coin soon.

Revealing the nefarious transfer of 10M psb is transparent enough for me. The dev's commitment to his blockchain and his passion to pursue interventions/solutions that will benefit psb and its community is enough for me to keep supporting this coin. There are other devs out there who keep introducing coins but don't care whether their blockchain moves or not. Coins with a dev like that won't last. But psb is a keeper. I hold a significant amount of it and believe that it'll be very valuable in the days to come.

I understand where you guys are coming from. The 10 million was created to offset what was stolen from the Online wallet going to exchanges which is the collective balance of all online wallet users so I can't place it to a single wallet for everyone to monitor because it is the actual balance of all the users of the Online Wallet.

Arguments like this can only harm the reputation of the coin. I do understand with electronicash , because all of us need some transparent information regarding what happen with 10million coins that has been illegally obtain.So in order to make this clear, I suggest the team must provide a wallet that has the additional 10million coins in it. So that the community can monitor. We need to move forward along with the development, support the developer  and make this coin great again or even greater  ;

and who would dumped that 10 million psb? just provide the information online because i'm still going to assume its with the team and they could dumped it all even with just $0.01 per psb. are you part of the team nooj? because it does seem like.

When you are buying PSB from an exchange, this PSB is not coming from me or a core team member, I guarantee it.  I have known many members of the PSB team for a long time, and they are good people, I trust them.

I bought my PSB and I am waiting for a lifestyle-changing value, before I sell a few PSB. Meanwhile nobody can buy my PSBs, it's not for sale.



Publication of names is pointless, it won't help Pesobit and it won't happen (the chief explained why already).

What will help Pesobit now is we turn to the future and work from here.

And we trust Lutzow he will do everything he can to avoid hacks like this in the future.

we're all Filipinos here. what the team want to do is invest to them while they want to scam fellow FILIpinos. who's to say who is the better person here?
it did happen, all those you called hackers exist. now make it public for all we know. you can't get them for if you could, you might  already had.  what would you do if they are from china, sue them on china?

Whats FUD about asking for a explanation on what happened about the illegal PSB's were dumped?
Its not also a FUD cos it actually happened.

Nobody forces you to invest in this coin. The dedication of the development team alone is enough for me to stay with this project in the long run. If you don't trust the team nor share its vision, well get out.

But in reality, it just seems like people are spreading FUD just to acquire cheap coins.

We really need to get over this Online wallet exploit saga. Yes, this hack has happened and yes, we wish it didn't. Now let's move forward.

Also let's not forget all the other popular coins who have experienced one form or another of this kind of problem.

Lutzow decided to create the 10 million coins missing, to avoid punishing the honest people who bought coin from the thieves; this action tells you about how Lutzow is, he is a nice and honest person and he wants everybody to have a good and profitable experience with Pesobit.

These 10 million coins were sold in the hours after they got hacked; we won't see the online names of the thieves posted here, I would much rather see those thieves behind prison bars - and that is coming to them, they were amateurs in their hack.

Above all, Lutzow sees the big picture, the tremendous potential and unique circumstances and opportunities of the Philippine's economy.

Bottom line: creating a new coin is very easy. What is not so easy is all the contacts, infrastructure and behind the scene meetings and work done by Lutzow and his team; you can start a new Philippine coin if you want, you will be missing a lot of unreplaceable elements.

If Filipinos and Filipinas really stick together, together we can make something really big with Pesobit; let's not dilute our talent!

The illegally transferred coins were sent to the exchanges and I already gave them those addresses where it was sent for them to be able to verify who are they. If this is untrue, these exchanges would've blurted it out. It will be easy for it to be traced back to me, there will be a sure leak as some of these users may have been with these exchanges before Pesobit came out. Also, investigation and editing the blockchain, processing a swap from old version to new can't only be done by me alone. For sure, these people who helped me with the change to a new version of staking verified this scenario. Also PoSP can't be pulled off alone, you need someone with experience in handling or managing it and there are only a handful of coins who are in this type of staking. These developers won't pursue the blockchain change if they know that this is only for me to be rich. One other way is to pay everyone involve with huge sum of money, which I don't have that is why I'm still working in a typical 9-5 job. Pesobit ICO collected money is only 50 BTC, you need to pay off the supporters, escrows, campaign managers, bloggers, exchange listing expense, coinpayments, coinomi will barely have anything left for me. And the wallet has no fees. The public own the Pesobits. Some even have more coins than me.

Legal process will be served to the thieves as I have communication with the exchanges. It would've been easier for me to just drop off this project than continue it, anyway its not my fault since it is the online wallet creator's. It will be easy for me to just release a legal statement of the problem then point the issue to the culprit, but I'd rather find solutions. Those who have been in cryptocurrency industry long enough would know that what happened with Pesobit is not an easy thing and editing the blockchain will have its repercussions if not done the right way or with bad personal intentions.

Releasing half of their identities out in the open will only make them careful, we need them to be personally apprehended not just being blacklisted or shamed online.

In the real world, media blackout is sometimes being done so the suspects wouldn't know that they're being monitored -- same thing goes in here.

If anyone did anything illegal and the dev team already knew who these people are, they should make it public. Unless they have something to hide or are protecting these who did something illegal.

Transparency is the key word here.

They "illegally transferrred" pesobit which hurt the price in market real hard.

As i told to everybody, if you have question directly message the dev. Because if he want to post publicly he do already but he did'nt because the damage may be severe impact to the PESOBIT community. The DEV is openly you can message him derictly if you wish.

The dev said before they already knew those "who illegally transferred" pesobits. And that this 10 million will be un-useable that is why they "had to edit" the chain and "created additional 10 million coins".

Why isn't there a report about it yet?

Also who "pocketed" these extra 10 million coins?

Possible to happen, but since august since ico mostly of them we talk together and update with sir benj (yong dev ng pesobit). and he continue pursueing the development and project. So far we didnt reach yet to that extent negative regarding PESOBIT.  (you have entitle to your own view).