He's put us in a box with nothing but smoke and mirrors
that's why it dosn't make sense
He is not going to run away from this, there would be nowhere for him to hide
How is he going to carry out Gaws agenda?
that's why it dosn't make sense
He is not going to run away from this, there would be nowhere for him to hide
How is he going to carry out Gaws agenda?
He is trying to use marketing and propaganda to trick his clients into raising the floor from 12 to 20 for him and than he doesn't have to cover the spread. He will keep buying more time to keep this ponzi going and even if paybase opens today there will be many excuses given (that he is already using) like KYC and API unfinished to refuse people from withdrawing and realizing the 20 usd promise. It is also possible that in a fit of desperation that he will briefly spend some of his
There are no excuses why he doesn't use his bots right now to raise the floor on all the exchanges with his 100 million in investment capital sitting to facilitate just that other than his goal is not to spend his
I genuinely think that he has the hubris to assume that his marketing can raise the floor by itself..... which is highly unlikely.
If you already have XPY I would suggest you cash out now and lock in any profits or losses while you can, or get ready to pull a quick sale if the price breifly rebounds but doing so is a gamble.
Remember from the Mtgox example ... trading XPY for BTC placeholders does not mean you will be able to withdraw or spend those funds. Those are all just numbers in a database that can be manipulated. The whole point of crypto-currency is the ability to remove counter party risk and trusting centralized banks... you do not own any currency if it is stored as IOU's with Paybase or locked up in a hashstaker.
