Oh so that would have been the trick huh? Use XPY as collateral when it was alleged to be worth 20$ per. And then BAM. "Sorry guys i can't replay my loan, keep the collateral
"
XPY should be erased from history.
Who could possibly have foreseen this?
This was when I only suspected that Cmilian would dump any collateral coins he got immediately. Now we know that is precisely what he did. Over the next weeks it quickly became apparent that there were several angles being worked in the BTCLend scam. Then it was confirmed that Garza was involved from the inside out , followed by the open mass dumping of XPY from the loan collateral & the XPY stake thingie , the blowups and bannings of cmilian on the Paycoiner forums, hacks, thefts, etc etc, and this operation has proven itself repeatedly to be the obvious scam that was predicted.
The BTCLend introduction and demonstration by cmilian that he has absolutely no clue about anything regarding lending:
https://bitcointalk.org/index.php?topic=857670.26080P.S: This was written when I was giving cmilian the benefit of the doubt that he was actually trying to run a legitimate business, which would obviously tank hardcore. It turns out the whole thing was pure scam. I think the #1 purpose it served was locking up XPY to extend the maximum profit dumpage window. There has also been a fuckload of XPY from known GAW/Garza premine sources that looks to have just been perhaps passed through BTCLend wallets to help launder it as well as several hundred thousand customer deposited XPY that were dumped during the staker scam (shorting scam).