[ANN][PSB] Pesobit, the currency for remittances and international cooperation

[care2yak]

Another way to consider is for dev to do another fork of the blockchain to create additional 1 million PSB tokens. At current price of 725 sats, that should be enough to cover the costs of listing in exchanges, even if the price drops to 600 sats. 

PSB will not ever create coin like this again. If we did create coin like this, price and value would sink very low, and it would not be fair to current PSB holders.

How can you ever be sure that "PSB will not ever create coin like this again"??

They've done it before - create extra 10 million tokens. So why not just do it again? It just 1 million this time.

Its not an easy process. You need to reach out to all users to update their wallets. I got a lot of messages in social media on the process and updating their wallets. Most Pesobit users are in Facebook so that's where I got all the inquiries and even guiding them step by step. And some are still in that process.

As for that extra 10 million, that is a very unfortunate event and something that I wouldn't want to go through again. As much as I'd like to put the work to the guy who developed the Online wallet before, I spent a lot of time answering/explaining to different people how and why. It was a big lesson for me and is something that I'm preventing to happen again no matter how small the amount be. Constant modification/reviews are being done in the back-end to make sure that everything will be working as normal. And since we're coordinating for Pesobit to be fully regulated here in the Philippines by the government, all our database/blockchain transactions will be subject for government review so there's nothing I can hide and the blockchain history is not something we can't edit as well because with simple wallet command you can pull up all the transactions that happened no matter how many are there. And as per Cryptopia's advise, we already submitted the hacking report to New Zealand police so investigation will take place and identities/transactions be released by Cryptopia for those noted PSB address that transferred those huge amounts. No matter the result is though, there's no other option but to push through with the plans.

As for the other exchange listing like Bittrex, we approached them a lot of times already for listing but hasn't gotten their approval yet. My plan for this is to let the ewallet platform be fully utilized for the circulation of Pesobit here in the Philippines. It will bring trading volume to the exchanges which may ultimately open the eyes of the exchanges to include Pesobit due to high trading volume and that include Bittrex and even Poloniex.

Honest. Admirable. Supporting psb, in fact I've already posted a note in our shop that we accept psb payments. Break a leg psb team!

[Lutzow]

Back from the long holiday here in the Philippines.

While we're waiting for the resolution of the ID Verification, the Encash feature will look like this screenshot below once fully activated in the Online Wallet. It will also show you the amount in Philippine Peso equivalent before confirming.
Just to remind everyone how it works.
- Enter the email address of the VMoney account of your recipient.
- There will be a 1.2% withdrawal fee for now (but we'll negotiate with the provider so we can lessen this to 1%)
- Withdrawals processed before 12mn will arrive the next day 12 noon.
- Unverified accounts can receive funds but won't be able to withdraw until their IDs get verified.
- It works for Philippine Peso conversion for now, but trying to make it work for Canadian Dollar as well.

[Lutzow]

Honest. Admirable. Supporting psb, in fact I've already posted a note in our shop that we accept psb payments. Break a leg psb team!

That's very nice. The plan is to make it widespread but first we need to stabilize the PSB -> Philippine Peso conversion so merchants and partners won't have a problem converting their collected PSBs. Thanks for the support

[judeafante]

The PSB price has change dramatically down as BTC price soaring very high. I guess it's perfect time to buy more PSB.

Do we have a chance for Yobit to fix pesobit wallet there.it's been a long time I think there are a lot of pesobit in their database and those pesobit could be lost if we cannot fix that wallet .

[shintosai]

The PSB price has change dramatically down as BTC price soaring very high. I guess it's perfect time to buy more PSB.

for long term hold psb can be a good choice for everyone those project are already been in the process of implementations e wallet
would be the big change pace of this coin after everything has been settle the price will skyrocket for sure?

[revenant2017]

The PSB price has change dramatically down as BTC price soaring very high. I guess it's perfect time to buy more PSB.

Do we have a chance for Yobit to fix pesobit wallet there.it's been a long time I think there are a lot of pesobit in their database and those pesobit could be lost if we cannot fix that wallet .

I am waiting for someone to mention about this. I got like 1k pesobit there and i can't even withdraw it so i can stake it on my desktop wallet. Any updates regarding this?

[pedrillo0]

Back from the long holiday here in the Philippines.

While we're waiting for the resolution of the ID Verification, the Encash feature will look like this screenshot below once fully activated in the Online Wallet. It will also show you the amount in Philippine Peso equivalent before confirming.
Just to remind everyone how it works.
- Enter the email address of the VMoney account of your recipient.
- There will be a 1.2% withdrawal fee for now (but we'll negotiate with the provider so we can lessen this to 1%)
- Withdrawals processed before 12mn will arrive the next day 12 noon.
- Unverified accounts can receive funds but won't be able to withdraw until their IDs get verified.
- It works for Philippine Peso conversion for now, but trying to make it work for Canadian Dollar as well.

Thank you for updating Mr. Founder.

Many interesting things about the price of pesobit could now come ...

[ALWASA]

investing some funds to buy psb.

[Rrita]

investing some funds to buy psb.

Its good time for buyinh pesobit coin. The price of pesobit coin is now decreasing. So you can buy and hold your coin.

[Noojna]

... Yobit to fix pesobit wallet there.it's been a long time ...

I am waiting for someone to mention about this. I got like 1k pesobit there and i can't even withdraw it so i can stake it on my desktop wallet. Any updates regarding this?

About Yobit, everybody is on the same footing: devs and regular investors. Devs don't have a special connection with Yobit (very few people do).

Devs have tried, opened many support requests to fix the PSB wallet at Yobit, they just do not respond.

I suggest you also open a support request there; in fact, open a new one every week. The more we make noise there, the better chance we have.

[revenant2017]

... Yobit to fix pesobit wallet there.it's been a long time ...

I am waiting for someone to mention about this. I got like 1k pesobit there and i can't even withdraw it so i can stake it on my desktop wallet. Any updates regarding this?

About Yobit, everybody is on the same footing: devs and regular investors. Devs don't have a special connection with Yobit (very few people do).

Devs have tried, opened many support requests to fix the PSB wallet at Yobit, they just do not respond.

I suggest you also open a support request there; in fact, open a new one every week. The more we make noise there, the better chance we have.

Really hated yobit in fixing their wallets. PSB had great volume trades in C-Cex. They always put their priorities in adding new shitcoins.

[Fredomago]

... Yobit to fix pesobit wallet there.it's been a long time ...

I am waiting for someone to mention about this. I got like 1k pesobit there and i can't even withdraw it so i can stake it on my desktop wallet. Any updates regarding this?

About Yobit, everybody is on the same footing: devs and regular investors. Devs don't have a special connection with Yobit (very few people do).

Devs have tried, opened many support requests to fix the PSB wallet at Yobit, they just do not respond.

I suggest you also open a support request there; in fact, open a new one every week. The more we make noise there, the better chance we have.

Really hated yobit in fixing their wallets. PSB had great volume trades in C-Cex. They always put their priorities in adding new shitcoins.

they just care about gaining money coming from the dev who can pay them right away, but about the support its really takes a long time
before they can address fixing their wallets, we don't have choice but to keep updating them.

[Pesobit-Central]

Has anyone noticed that people with 100 000 PSB and more locked in online staking are earning a lot more than the advertised yearly 5%, in the online wallet (https://wallet.pesobit.net/).

This is to pass down to the user the benefits of PoSP staking, to the users who lock in more than 100 000.

For deposits 100 000 PSB and up, online wallet rewards will always be better than 5%, although the rate will vary.

[Lutzow]

As of today May 5, 2017 5pm here in Manila, there are 300 registered users of the Ewallet website.
However, most are still unverified because they haven't completed the ID submission process.
To those who won't be able to submit 2 Valid Government IDs, they can submit 1 Gov't ID and 1 Proof of Billing as this is a standard KYC procedure mandated by the Government.
To those who already submitted their ID's, your accounts are now In Process status.
An improvement with the Mastercard/VISA feature, funds can be withdrawn to ATMs worldwide but it will only be available to Filipinos at least for now. We'll work on if we can have it ordered by Filipinos abroad as well.


What ewalet.ph MasterCard can do:
Enjoy heightened security compared to previous magnetic stripe cards
Withdraw from ATMs worldwide
Shop online and anywhere that accepts MasterCard
Instantly load funds to your card directly from your account
Check your card's balance in real-time
SMS funds management


What ewalet.ph VISA Card can do:
Pay at nearly 40 million VISA accepting locations
Withdraw funds from ATM outlets worldwide that accept VISA
Transfer funds instantly to your Prepaid Card anytime, anywhere
Have better flexibility and control in managing funds



To those who were asking me if there's a new coin coming along and what's my attachment to it. There will actually be 2 coins that will attach themselves to Pesobit. One will use me as an Escrow and Technical Advisor while the other made me Technical Director. The fees that I will gather in providing my services will be used to fund expenses like Advertisement and Referral bonuses. And if their community grew and their systems become stable then we'll try to a direct exchange system allowing community users of each coin to be able to exchange from one coin to another just like how shapeshift.io does it.

I think the one that made me an Escrow will have their ICO launch next week as I already provided them my BTC addresses and conducted testing and I will place all my BTC addresses provided to them in the wallet.pesobit.net page so everyone can check if their address is a part of the escrowed service and not an edited address by the developer.
The other coin will probably be around 3 weeks to a month away as they are still developing their systems.

[Rrita]

As of today May 5, 2017 5pm here in Manila, there are 300 registered users of the Ewallet website.
However, most are still unverified because they haven't completed the ID submission process.
To those who won't be able to submit 2 Valid Government IDs, they can submit 1 Gov't ID and 1 Proof of Billing as this is a standard KYC procedure mandated by the Government.
To those who already submitted their ID's, your accounts are now In Process status.
An improvement with the Mastercard/VISA feature, funds can be withdrawn to ATMs worldwide but it will only be available to Filipinos at least for now. We'll work on if we can have it ordered by Filipinos abroad as well.


What ewallet.ph VISA card can do:
Enjoy heightened security compared to previous magnetic stripe cards
Withdraw from ATMs worldwide
Shop online and anywhere that accepts MasterCard
Instantly load funds to your card directly from your account
Check your card's balance in real-time
SMS funds management


What MasterCard can do:
Pay at nearly 40 million VISA accepting locations
Withdraw funds from ATM outlets worldwide that accept VISA
Transfer funds instantly to your Prepaid Card anytime, anywhere
Have better flexibility and control in managing funds



To those who were asking me if there's a new coin coming along and what's my attachment to it. There will actually be 2 coins that will attach themselves to Pesobit. One will use me as an Escrow and Technical Advisor while the other made me Technical Director. The fees that I will gather in providing my services will be used to fund expenses like Advertisement and Referral bonuses. And if their community grew and their systems become stable then we'll try to a direct exchange system allowing community users of each coin to be able to exchange from one coin to another just like how shapeshift.io does it.

I think the one that made me an Escrow will have their ICO launch next week as I already provided them my BTC addresses and conducted testing and I will place all my BTC addresses provided to them in the wallet.pesobit.net page so everyone can check if their address is a part of the escrowed service and not an edited address by the developer.
The other coin will probably be around 3 weeks to a month away as they are still developing their systems.

so what is the name of new coins? Where it will lunch? Thanks a lot for the update .Hope you will regular update when in updatable

[pedrillo0]

As of today May 5, 2017 5pm here in Manila, there are 300 registered users of the Ewallet website.
However, most are still unverified because they haven't completed the ID submission process.
To those who won't be able to submit 2 Valid Government IDs, they can submit 1 Gov't ID and 1 Proof of Billing as this is a standard KYC procedure mandated by the Government.
To those who already submitted their ID's, your accounts are now In Process status.
An improvement with the Mastercard/VISA feature, funds can be withdrawn to ATMs worldwide but it will only be available to Filipinos at least for now. We'll work on if we can have it ordered by Filipinos abroad as well.


What ewalet.ph MasterCard can do:
Enjoy heightened security compared to previous magnetic stripe cards
Withdraw from ATMs worldwide
Shop online and anywhere that accepts MasterCard
Instantly load funds to your card directly from your account
Check your card's balance in real-time
SMS funds management


What ewalet.ph VISA Card can do:
Pay at nearly 40 million VISA accepting locations
Withdraw funds from ATM outlets worldwide that accept VISA
Transfer funds instantly to your Prepaid Card anytime, anywhere
Have better flexibility and control in managing funds



To those who were asking me if there's a new coin coming along and what's my attachment to it. There will actually be 2 coins that will attach themselves to Pesobit. One will use me as an Escrow and Technical Advisor while the other made me Technical Director. The fees that I will gather in providing my services will be used to fund expenses like Advertisement and Referral bonuses. And if their community grew and their systems become stable then we'll try to a direct exchange system allowing community users of each coin to be able to exchange from one coin to another just like how shapeshift.io does it.

I think the one that made me an Escrow will have their ICO launch next week as I already provided them my BTC addresses and conducted testing and I will place all my BTC addresses provided to them in the wallet.pesobit.net page so everyone can check if their address is a part of the escrowed service and not an edited address by the developer.
The other coin will probably be around 3 weeks to a month away as they are still developing their systems.

Thanks for the updates, Mr. Founder

[Noojna]

Has anyone noticed that people with 100 000 PSB and more locked in online staking are earning a lot more than the advertised yearly 5%, in the online wallet (https://wallet.pesobit.net/).

This is to pass down to the user the benefits of PoSP staking, to the users who lock in more than 100 000.

For deposits 100 000 PSB and up, online wallet rewards will always be better than 5%, although the rate will vary.

I have 500k staking in my wallet. accumulating more. my 2ways to accumulate,  dump your Coins in my buy order or sell it lower so I can directly buy it. you get your bitcoin,  i get the coin I like. it's a win win situation. 😊

You can have a few of my Pesobit at 1$ US each one; I don't sell below that price. Let's wait for the market to catch up to that price, then we will see...

[coinmenace]

As of today May 5, 2017 5pm here in Manila, there are 300 registered users of the Ewallet website.
However, most are still unverified because they haven't completed the ID submission process.
To those who won't be able to submit 2 Valid Government IDs, they can submit 1 Gov't ID and 1 Proof of Billing as this is a standard KYC procedure mandated by the Government.
To those who already submitted their ID's, your accounts are now In Process status.
An improvement with the Mastercard/VISA feature, funds can be withdrawn to ATMs worldwide but it will only be available to Filipinos at least for now. We'll work on if we can have it ordered by Filipinos abroad as well.


What ewalet.ph MasterCard can do:
Enjoy heightened security compared to previous magnetic stripe cards
Withdraw from ATMs worldwide
Shop online and anywhere that accepts MasterCard
Instantly load funds to your card directly from your account
Check your card's balance in real-time
SMS funds management


What ewalet.ph VISA Card can do:
Pay at nearly 40 million VISA accepting locations
Withdraw funds from ATM outlets worldwide that accept VISA
Transfer funds instantly to your Prepaid Card anytime, anywhere
Have better flexibility and control in managing funds



To those who were asking me if there's a new coin coming along and what's my attachment to it. There will actually be 2 coins that will attach themselves to Pesobit. One will use me as an Escrow and Technical Advisor while the other made me Technical Director. The fees that I will gather in providing my services will be used to fund expenses like Advertisement and Referral bonuses. And if their community grew and their systems become stable then we'll try to a direct exchange system allowing community users of each coin to be able to exchange from one coin to another just like how shapeshift.io does it.

I think the one that made me an Escrow will have their ICO launch next week as I already provided them my BTC addresses and conducted testing and I will place all my BTC addresses provided to them in the wallet.pesobit.net page so everyone can check if their address is a part of the escrowed service and not an edited address by the developer.
The other coin will probably be around 3 weeks to a month away as they are still developing their systems.

With the ewallet.ph VISA/MasterCard - do you need to have the Pesobits converted to USD (or Peso) before using it in your account OR it will be converted automatically from USD-BTC & BTC-PSB (depending on what currency you use it) based on the current value of BTC-USD?


Also as to the 2 new coins - do you have the links to those? If 1 is already to start next week - then information should already be publicly available.

[Lutzow]

As of today May 5, 2017 5pm here in Manila, there are 300 registered users of the Ewallet website.
However, most are still unverified because they haven't completed the ID submission process.
To those who won't be able to submit 2 Valid Government IDs, they can submit 1 Gov't ID and 1 Proof of Billing as this is a standard KYC procedure mandated by the Government.
To those who already submitted their ID's, your accounts are now In Process status.
An improvement with the Mastercard/VISA feature, funds can be withdrawn to ATMs worldwide but it will only be available to Filipinos at least for now. We'll work on if we can have it ordered by Filipinos abroad as well.


What ewalet.ph MasterCard can do:
Enjoy heightened security compared to previous magnetic stripe cards
Withdraw from ATMs worldwide
Shop online and anywhere that accepts MasterCard
Instantly load funds to your card directly from your account
Check your card's balance in real-time
SMS funds management


What ewalet.ph VISA Card can do:
Pay at nearly 40 million VISA accepting locations
Withdraw funds from ATM outlets worldwide that accept VISA
Transfer funds instantly to your Prepaid Card anytime, anywhere
Have better flexibility and control in managing funds



To those who were asking me if there's a new coin coming along and what's my attachment to it. There will actually be 2 coins that will attach themselves to Pesobit. One will use me as an Escrow and Technical Advisor while the other made me Technical Director. The fees that I will gather in providing my services will be used to fund expenses like Advertisement and Referral bonuses. And if their community grew and their systems become stable then we'll try to a direct exchange system allowing community users of each coin to be able to exchange from one coin to another just like how shapeshift.io does it.

I think the one that made me an Escrow will have their ICO launch next week as I already provided them my BTC addresses and conducted testing and I will place all my BTC addresses provided to them in the wallet.pesobit.net page so everyone can check if their address is a part of the escrowed service and not an edited address by the developer.
The other coin will probably be around 3 weeks to a month away as they are still developing their systems.

With the ewallet.ph VISA/MasterCard - do you need to have the Pesobits converted to USD (or Peso) before using it in your account OR it will be converted automatically from USD-BTC & BTC-PSB (depending on what currency you use it) based on the current value of BTC-USD?


Also as to the 2 new coins - do you have the links to those? If 1 is already to start next week - then information should already be publicly available.

The VISA/MASTERCARD though usable everywhere can only be supplied to Filipinos here in the Philippines for now. The Ewallet accounts will have Philippine Peso value on it so it will be automatically deducted from your Ewallet account upon using it.

[Lutzow]

Just to give you an update on the EWallet system, we will be enabling this withdrawal function in BETA stage within the next 2 days. For trial purposes, it will have a limit of 500 PSB per user withdrawal every 24 hours but will be increased little by little. There will be a 1.2% for the conversion because of the service provider's fee.

As for the VISA/MASTERCARD ordering, it can only be ordered by Filipinos here in the Philippines or Foreigners with Alien Certification of Registration. It will be a VMoney designed card that you can see in the site and will take 5-7 business days. It can be picked up in their office for free or will have a P75 delivery fee for Metro Manila and P100 for Provincial areas.