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Topic: ColoradoPay CPay | FinCen Registered | Company Based | Asset Backed - page 2. (Read 5477 times)

hero member
Activity: 770
Merit: 500
I've read the whitepaper still having some technical concerns. I understand that everything is legally backed as a local currency, but how the chain will move since you said there is no block generation at all. Without new blocks transactions will be unprocessed so still there has to be some kind of private mining. But in that case my other concern is what happens if the mining servers will be shut down for some reason?
legendary
Activity: 1400
Merit: 1000
I live in CO very interested in this product!

if you are near the Denver area you could start seeing stores using it as early as mid june

no POW?  Shocked   LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL !

theres no mining at all. the chain is already completely mined. read the paper overviewing how it works...
hero member
Activity: 672
Merit: 500
no POW?  Shocked   LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL !
member
Activity: 83
Merit: 10
I live in CO very interested in this product!
legendary
Activity: 1400
Merit: 1000
according to your site i will be able to purchase my Colorado medicinal herbs with btc

PUT THIS ON EXCHANGES NOW ;P

on that note, the site says getting on exchanges is what your looking at, why that specifically?

BTC? no. CPay yes.

any bounty? Smiley Smiley Smiley

bounty for what?
legendary
Activity: 1218
Merit: 1002
Supporting DMD, ERC & PIO
Griffth,
Nice looking Ann - Clear information.
Congratulations on your New Position.
Basically, Companies that use this coin would
    save fees over using debit and credit.
I suspect we will start seeing more of this as
   various companies try to get a piece of the
   merchant services pie.
hero member
Activity: 938
Merit: 500
full member
Activity: 181
Merit: 100
We are using everything that we've learned over the past few years in 'blockchain/crypto' to help the company =)


This a very different system than most- we understand that this doesn't fit the expected altcoin format. It has been designed to meet the needs of the company, and the needs of their clients.


We will keep everyone updated.



ColoradoPAY $CPAY
sr. member
Activity: 504
Merit: 250
Don't you looooooove how offensive my name sounds?
according to your site i will be able to purchase my Colorado medicinal herbs with btc

PUT THIS ON EXCHANGES NOW ;P

on that note, the site says getting on exchanges is what your looking at, why that specifically?
hero member
Activity: 714
Merit: 500
Looks very interesting and very good presentation!!!
full member
Activity: 181
Merit: 100
This is an actual company will all the bells and whistles & responsibility that comes with it.

I'm also employed with the company that owns the coin.


 
legendary
Activity: 1400
Merit: 1000
I, Griffith, do not own this coin. It is NOT my launch, it is NOT my announcement, and the businesses registered are NOT owned or run by me. I am a salaried employee of Global Financial Services Group (GFSG) in the blockchain RND department. I have been chosen to make the announcement thread on this forum due to my account here being older and having reputation. I am NOT the CEO.

Are you therefore just the fallguy if things go wrong and if they should split with money? You are basically admitting that they are newbies and they are just paying you to use your reputation to make things look more legit. Why would it be more legit if you post it vs if they post it on a newbie account since it is not your coin? It would be more legit if the real person post it.

no no. its an actually registered company, i am just having so much trouble with forum BBCode right now and half of the stuff it showed in preview isnt there. so i quickly made a webpage addition to the website and threw the PDFs on there for now.

CCC and ColoradoPay Legal Doccuments and Information

The company registration and everything is there. will fix that in a few minutes
legendary
Activity: 1638
Merit: 1013
I, Griffith, do not own this coin. It is NOT my launch, it is NOT my announcement, and the businesses registered are NOT owned or run by me. I am a salaried employee of Global Financial Services Group (GFSG) in the blockchain RND department. I have been chosen to make the announcement thread on this forum due to my account here being older and having reputation. I am NOT the CEO.

Are you therefore just the fallguy if things go wrong and if they should split with money? You are basically admitting that they are newbies and they are just paying you to use your reputation to make things look more legit. Why would it be more legit if you post it vs if they post it on a newbie account since it is not your coin? It would be more legit if the real person post it.
legendary
Activity: 1400
Merit: 1000
Just to be clear. This is a centralized currency since nobody else can mine or there is a POS involved?
Also it is some kind of a 2 million USD ICO since the desired price is 1USD/coin and it is 100% premined that is kept by the dev and sold by them to future users?

its centralized block generation but the ledger is still open. so the banks right now are developing internal blockchains. bitcoin is completely open. this is a half and half

not really an ICO although i guess u could call it that, ill post the company registration links in a second. im trying to fix that first column. using preview it looks fine but its all messed up on the ann itself.
as for the dev remark. i designed it but i dont get any of the money from the coins sold. only what my boss pays me. its a registered company with FinCEn. theres a lot of paper work and files i need to upload and post links for in a second.

edit: actually there is no block generation. give me a minute to put up the papers

edit: im super frustrated with that first column...
hero member
Activity: 770
Merit: 500
Just to be clear. This is a centralized currency since nobody else can mine or there is a POS involved?
Also it is some kind of a 2 million USD ICO since the desired price is 1USD/coin and it is 100% premined that is kept by the dev and sold by them to future users?
legendary
Activity: 1400
Merit: 1000
is it ICO?

no, not really. its the company im working for has it set up so its like paypal. you have to send money to your account to spend it. but you can withdraw the same amount you put in at any time
hero member
Activity: 546
Merit: 500
legendary
Activity: 1568
Merit: 1000
Twitter @Acimirov
legendary
Activity: 1400
Merit: 1000
mod plz delete thread, i have left this company. so has whywetrance has stated in the last post.
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