GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)

[vancefox]

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

No.  The two exchange addresses that came up were coins being sent to from the premine.  The coins purchased by the tx I dug through were 100% pre-mined coins.

EDIT:  If you look at both tx off the "halfing" txs you'll notice that both halves go off to do the same thing.

EDIT2:  I made sure to bold the txs where they ended and moved on from the dispersals.

[jfabritz]

$169 for an S3 with PSU is a pretty good deal, but if you are thinking about more than 1 it would make much better sense to get an S5. I have an S5 on the way to replace two S1s and in the next couple months will likely replace my S3s as well.

It is probably one of those inefficient industrial power supplies they were selling with the gridseed miners based on the description.

I was able to sell all of my S3's and exchange them for an equivalent hashing power of S5's at almost a total wash. I picked up two more in the next batch with the 15% off and coupons from the previous purchase. Gonna need that extra hash power when the difficulty goes up.

Sorry for straying off topic. We are all miners at heart, no?

[strangerdanger101]

@redacted answered my question on premine sales on HT

"You can tell they are NOT the premine, since those coins sit in prime controllers, and those prime controller addresses are are known and shown on the richlist. Believe me, there would be lots out outcry if any of the coins in prime controllers started moving out of thier wallet addresses and showing up for sale on exchanges."

well then where are the 1000S of coins sold on paybase coming from???

one guy alone posted a buy from paybase of about 488,000 xpy

This again should be trivially simple. There has to be a true believer somewhere who bought a coin on paybase. Follow that coin back to where it was created. This coin isn't very old, it shouldn't be too hard.

Not a true believer, just testing the CC to see who the processor was.

If you want to spend some time tracing it, here are two purchases I made:

TXN: 5c3c2efa1cd2abb0e384ed5ce15ef041903d992fe94d13531186f6185f93dfaf
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 25.698324 XPY


TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 27.090858 XPY

Important note, the second purchase I just made now. What was different from the first:

1) I was asked to confirm my address (which was prefilled)
2) I was asked to confirm my credit card (including CCV) was was all prefilled
3) I was asked to type in my phone number. I INTENTIALLY put in a bogus phone number
4) The transaction was processed (again with a 10% fee), but the XPY was deposited immediately to my account (no hour wait this time).
5) The charge on my CC appears as the same "ONLINE SAN FRANSCISCO", which I believe is Stripe (so looks like CoinFire might be correct, that they just changed the merchant account, but continue to use Stripe for purchases).

Went ahead and just did a transaction excavation on: TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18


Starting from the premine block:
https://chainz.cryptoid.info/xpy/tx.dws?1.htm

To the premine block movements out to a 1,750,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?167.htm
https://chainz.cryptoid.info/xpy/tx.dws?186.htm
https://chainz.cryptoid.info/xpy/tx.dws?190.htm
https://chainz.cryptoid.info/xpy/tx.dws?194.htm
https://chainz.cryptoid.info/xpy/tx.dws?9616.htm

From that 1,750,000 premine dispersal to a 50,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?83905.htm
https://chainz.cryptoid.info/xpy/tx.dws?139249.htm

From that 50,000 block through more dispersal to an almost 25,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?139351.htm
ttps://chainz.cryptoid.info/xpy/tx.dws?139867.htm
https://chainz.cryptoid.info/xpy/tx.dws?141151.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm

From that ~25,000 block through yet more dispersal to two approx equal blocks just over 12,000:
https://chainz.cryptoid.info/xpy/tx.dws?141732.htm
https://chainz.cryptoid.info/xpy/tx.dws?141761.htm
https://chainz.cryptoid.info/xpy/tx.dws?141767.htm
https://chainz.cryptoid.info/xpy/tx.dws?141796.htm
https://chainz.cryptoid.info/xpy/tx.dws?141858.htm
https://chainz.cryptoid.info/xpy/tx.dws?141932.htm
https://chainz.cryptoid.info/xpy/tx.dws?142048.htm
https://chainz.cryptoid.info/xpy/tx.dws?142177.htm
https://chainz.cryptoid.info/xpy/tx.dws?142362.htm
https://chainz.cryptoid.info/xpy/tx.dws?142787.htm
https://chainz.cryptoid.info/xpy/tx.dws?143015.htm
https://chainz.cryptoid.info/xpy/tx.dws?143187.htm
https://chainz.cryptoid.info/xpy/tx.dws?143275.htm
https://chainz.cryptoid.info/xpy/tx.dws?143377.htm
https://chainz.cryptoid.info/xpy/tx.dws?144745.htm

From one of those ~12,000 blocks to two approx equal blocks just over 6,000:
https://chainz.cryptoid.info/xpy/tx.dws?146064.htm

From one of those ~6,000 blocks to two approx equal blocks just over 3,000:
https://chainz.cryptoid.info/xpy/tx.dws?147619.htm

From one of those ~3,000 blocks through even more dispersal to two approx equal blocks just under 1,500:
https://chainz.cryptoid.info/xpy/tx.dws?148159.htm GAW sending coins to Bittrex?
https://chainz.cryptoid.info/xpy/tx.dws?149033.htm Bittrex again?
https://chainz.cryptoid.info/xpy/tx.dws?151682.htm

From one of those ~1,500 blocks to two approx equal blocks of around 740:
https://chainz.cryptoid.info/xpy/tx.dws?155845.htm

From one of those ~740 blocks to two approx equal blocks of around 370:
https://chainz.cryptoid.info/xpy/tx.dws?160085.htm

From one of those ~370 blocks to two approx equal blocks of 185:
https://chainz.cryptoid.info/xpy/tx.dws?164542.htm

From one of those ~185 blocks to your transaction:
https://chainz.cryptoid.info/xpy/tx.dws?a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18.htm

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

Damn this is hot stuff!  People need to understand there's a reason they premined and it wasn't to just sit on them.  Hope this gets lots of attention.

[vancefox]

Damn this is hot stuff!  People need to understand there's a reason they premined and it wasn't to just sit on them.  Hope this gets lots of attention.

I gave up trying to show those gawlets what is clear as day...

[Paul Revere]

Unfortunately this will get lots of attention here and not on HT where the morons will continue to max out credit cards and pawn grandmas wedding ring to buy more of Josh&Cos infinite supply of XPY that they got for a few clicks of the mouse.

[wdl1908]

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

[jackbox]

Any coin that is premined is a scam, period. And a premine of over 96% is a huge scam!

[KC6TTR]

What I hate is that if Josh gets away with this scam, EVERYONE is going to replicate it and push their luck like Josh did to scam others.
Apparently you can clearly scam people in cryptocurrency and get away with it.

Cryptocurrency will die with scammers like Josh involved.. stealing everyone's BTC and dumping them daily.

There is no law enforcement in this "self regulated" marketplace

nor are there any consequences for criminal activity...

Tell that to the former BitInstant CEO and Bitcoin Foundation board member, Charlie Shrem. He was just sentenced to two years in prison.

Scott-

[vancefox]

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

Yes, they were staking with their pre-mined coins while they were/are dispersing them.  At least it was only 5%... they didn't use a prime350 code at that time... I guess I should of said thankfully, but I'm not going to.

EDIT:  But it doesn't change the outcome of the excavation.  The tx ID supplied for the purchase of coins via PayBase credit card came from pre-mine.

[puwaha]

Notice how vague that is. It reminds me of this:  
http://media.coindesk.com/2015/01/Hash-Talk-4.png

But what it *doesn't* say is that when you buy on paybase, they buy the same number of shares off of an exchange. It doesn't say that at all.

Eh... I'm just the messenger here.

Third, it makes little sense. They don't need to "refill the coffers" to serve customer's needs. It was over 96% premined. They have more coins (at zero cost) than they could ever use.  And there's ZERO evidence that they're buying to "maintain the target price" for any target at all.

96% premined yes... but the vast vast majority of all those coins got staked or went into customers' hands to cloud stake, personal wallet stake, or sell off.  I don't know how many they had in their coffers, but it's reasonable to say they would have to go to the exchanges every now and then.  I don't know if there is any evidence of this happening yet.

[demonz]

@redacted answered my question on premine sales on HT

"You can tell they are NOT the premine, since those coins sit in prime controllers, and those prime controller addresses are are known and shown on the richlist. Believe me, there would be lots out outcry if any of the coins in prime controllers started moving out of thier wallet addresses and showing up for sale on exchanges."

well then where are the 1000S of coins sold on paybase coming from???

one guy alone posted a buy from paybase of about 488,000 xpy

This again should be trivially simple. There has to be a true believer somewhere who bought a coin on paybase. Follow that coin back to where it was created. This coin isn't very old, it shouldn't be too hard.

Not a true believer, just testing the CC to see who the processor was.

If you want to spend some time tracing it, here are two purchases I made:

TXN: 5c3c2efa1cd2abb0e384ed5ce15ef041903d992fe94d13531186f6185f93dfaf
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 25.698324 XPY


TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 27.090858 XPY

Important note, the second purchase I just made now. What was different from the first:

1) I was asked to confirm my address (which was prefilled)
2) I was asked to confirm my credit card (including CCV) was was all prefilled
3) I was asked to type in my phone number. I INTENTIALLY put in a bogus phone number
4) The transaction was processed (again with a 10% fee), but the XPY was deposited immediately to my account (no hour wait this time).
5) The charge on my CC appears as the same "ONLINE SAN FRANSCISCO", which I believe is Stripe (so looks like CoinFire might be correct, that they just changed the merchant account, but continue to use Stripe for purchases).

Went ahead and just did a transaction excavation on: TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18


Starting from the premine block:
https://chainz.cryptoid.info/xpy/tx.dws?1.htm

To the premine block movements out to a 1,750,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?167.htm
https://chainz.cryptoid.info/xpy/tx.dws?186.htm
https://chainz.cryptoid.info/xpy/tx.dws?190.htm
https://chainz.cryptoid.info/xpy/tx.dws?194.htm
https://chainz.cryptoid.info/xpy/tx.dws?9616.htm

From that 1,750,000 premine dispersal to a 50,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?83905.htm
https://chainz.cryptoid.info/xpy/tx.dws?139249.htm

From that 50,000 block through more dispersal to an almost 25,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?139351.htm
ttps://chainz.cryptoid.info/xpy/tx.dws?139867.htm
https://chainz.cryptoid.info/xpy/tx.dws?141151.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm

From that ~25,000 block through yet more dispersal to two approx equal blocks just over 12,000:
https://chainz.cryptoid.info/xpy/tx.dws?141732.htm
https://chainz.cryptoid.info/xpy/tx.dws?141761.htm
https://chainz.cryptoid.info/xpy/tx.dws?141767.htm
https://chainz.cryptoid.info/xpy/tx.dws?141796.htm
https://chainz.cryptoid.info/xpy/tx.dws?141858.htm
https://chainz.cryptoid.info/xpy/tx.dws?141932.htm
https://chainz.cryptoid.info/xpy/tx.dws?142048.htm
https://chainz.cryptoid.info/xpy/tx.dws?142177.htm
https://chainz.cryptoid.info/xpy/tx.dws?142362.htm
https://chainz.cryptoid.info/xpy/tx.dws?142787.htm
https://chainz.cryptoid.info/xpy/tx.dws?143015.htm
https://chainz.cryptoid.info/xpy/tx.dws?143187.htm
https://chainz.cryptoid.info/xpy/tx.dws?143275.htm
https://chainz.cryptoid.info/xpy/tx.dws?143377.htm
https://chainz.cryptoid.info/xpy/tx.dws?144745.htm

From one of those ~12,000 blocks to two approx equal blocks just over 6,000:
https://chainz.cryptoid.info/xpy/tx.dws?146064.htm

From one of those ~6,000 blocks to two approx equal blocks just over 3,000:
https://chainz.cryptoid.info/xpy/tx.dws?147619.htm

From one of those ~3,000 blocks through even more dispersal to two approx equal blocks just under 1,500:
https://chainz.cryptoid.info/xpy/tx.dws?148159.htm GAW sending coins to Bittrex?
https://chainz.cryptoid.info/xpy/tx.dws?149033.htm Bittrex again?
https://chainz.cryptoid.info/xpy/tx.dws?151682.htm

From one of those ~1,500 blocks to two approx equal blocks of around 740:
https://chainz.cryptoid.info/xpy/tx.dws?155845.htm

From one of those ~740 blocks to two approx equal blocks of around 370:
https://chainz.cryptoid.info/xpy/tx.dws?160085.htm

From one of those ~370 blocks to two approx equal blocks of 185:
https://chainz.cryptoid.info/xpy/tx.dws?164542.htm

From one of those ~185 blocks to your transaction:
https://chainz.cryptoid.info/xpy/tx.dws?a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18.htm

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

[r00tdude]

@redacted answered my question on premine sales on HT

"You can tell they are NOT the premine, since those coins sit in prime controllers, and those prime controller addresses are are known and shown on the richlist. Believe me, there would be lots out outcry if any of the coins in prime controllers started moving out of thier wallet addresses and showing up for sale on exchanges."

well then where are the 1000S of coins sold on paybase coming from???

one guy alone posted a buy from paybase of about 488,000 xpy

This again should be trivially simple. There has to be a true believer somewhere who bought a coin on paybase. Follow that coin back to where it was created. This coin isn't very old, it shouldn't be too hard.

Not a true believer, just testing the CC to see who the processor was.

If you want to spend some time tracing it, here are two purchases I made:

TXN: 5c3c2efa1cd2abb0e384ed5ce15ef041903d992fe94d13531186f6185f93dfaf
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 25.698324 XPY


TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 27.090858 XPY

Important note, the second purchase I just made now. What was different from the first:

1) I was asked to confirm my address (which was prefilled)
2) I was asked to confirm my credit card (including CCV) was was all prefilled
3) I was asked to type in my phone number. I INTENTIALLY put in a bogus phone number
4) The transaction was processed (again with a 10% fee), but the XPY was deposited immediately to my account (no hour wait this time).
5) The charge on my CC appears as the same "ONLINE SAN FRANSCISCO", which I believe is Stripe (so looks like CoinFire might be correct, that they just changed the merchant account, but continue to use Stripe for purchases).

Went ahead and just did a transaction excavation on: TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18


Starting from the premine block:
https://chainz.cryptoid.info/xpy/tx.dws?1.htm

To the premine block movements out to a 1,750,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?167.htm
https://chainz.cryptoid.info/xpy/tx.dws?186.htm
https://chainz.cryptoid.info/xpy/tx.dws?190.htm
https://chainz.cryptoid.info/xpy/tx.dws?194.htm
https://chainz.cryptoid.info/xpy/tx.dws?9616.htm

From that 1,750,000 premine dispersal to a 50,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?83905.htm
https://chainz.cryptoid.info/xpy/tx.dws?139249.htm

From that 50,000 block through more dispersal to an almost 25,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?139351.htm
ttps://chainz.cryptoid.info/xpy/tx.dws?139867.htm
https://chainz.cryptoid.info/xpy/tx.dws?141151.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm

From that ~25,000 block through yet more dispersal to two approx equal blocks just over 12,000:
https://chainz.cryptoid.info/xpy/tx.dws?141732.htm
https://chainz.cryptoid.info/xpy/tx.dws?141761.htm
https://chainz.cryptoid.info/xpy/tx.dws?141767.htm
https://chainz.cryptoid.info/xpy/tx.dws?141796.htm
https://chainz.cryptoid.info/xpy/tx.dws?141858.htm
https://chainz.cryptoid.info/xpy/tx.dws?141932.htm
https://chainz.cryptoid.info/xpy/tx.dws?142048.htm
https://chainz.cryptoid.info/xpy/tx.dws?142177.htm
https://chainz.cryptoid.info/xpy/tx.dws?142362.htm
https://chainz.cryptoid.info/xpy/tx.dws?142787.htm
https://chainz.cryptoid.info/xpy/tx.dws?143015.htm
https://chainz.cryptoid.info/xpy/tx.dws?143187.htm
https://chainz.cryptoid.info/xpy/tx.dws?143275.htm
https://chainz.cryptoid.info/xpy/tx.dws?143377.htm
https://chainz.cryptoid.info/xpy/tx.dws?144745.htm

From one of those ~12,000 blocks to two approx equal blocks just over 6,000:
https://chainz.cryptoid.info/xpy/tx.dws?146064.htm

From one of those ~6,000 blocks to two approx equal blocks just over 3,000:
https://chainz.cryptoid.info/xpy/tx.dws?147619.htm

From one of those ~3,000 blocks through even more dispersal to two approx equal blocks just under 1,500:
https://chainz.cryptoid.info/xpy/tx.dws?148159.htm GAW sending coins to Bittrex?
https://chainz.cryptoid.info/xpy/tx.dws?149033.htm Bittrex again?
https://chainz.cryptoid.info/xpy/tx.dws?151682.htm

From one of those ~1,500 blocks to two approx equal blocks of around 740:
https://chainz.cryptoid.info/xpy/tx.dws?155845.htm

From one of those ~740 blocks to two approx equal blocks of around 370:
https://chainz.cryptoid.info/xpy/tx.dws?160085.htm

From one of those ~370 blocks to two approx equal blocks of 185:
https://chainz.cryptoid.info/xpy/tx.dws?164542.htm

From one of those ~185 blocks to your transaction:
https://chainz.cryptoid.info/xpy/tx.dws?a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18.htm

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

No, it never does. Thanks for this analysis.

[maildir]

Do the math. Sale outlet suffers the same trick to reveal max quantities that KNC had before:

2 TH/s - AntMiner S4  @ 806 max units
453+ GH/s - AntMiner S3  @ 811 max units

Bitmain was here last week or the week before offering a package of used machines close to this total hash power, can't find it write now:  https://bitcointalk.org/index.php?topic=904554.0  149.  Of course same day delivery can mean ex-China as well.

Seems Homero is desparate for cold hard cash, juggling CC's and peddling used hardware for 20 dollar commissions.

[Paul Revere]

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

If you follow the chain you see where they are broken into batches being sold, these are likely credit card purchases, note the date is today(not pictured here but viewable in link to chain posted earlier).



link to this block transaction: https://chainz.cryptoid.info/xpy/tx.dws?a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18.htm

Face it Daffy, you have been Paycoined!

[suchmoon]

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

Yes, they were staking with their pre-mined coins while they were/are dispersing them.  At least it was only 5%... they didn't use a prime350 code at that time... I guess I should of said thankfully, but I'm not going to.

EDIT:  But it doesn't change the outcome of the excavation.  The tx ID supplied for the purchase of coins via PayBase credit card came from pre-mine.

Ok, I'm going to pretend now that I understand this. Looks like a smoking gun as those coins never left GAW's possession.

[Honeycutt22]

@redacted answered my question on premine sales on HT

"You can tell they are NOT the premine, since those coins sit in prime controllers, and those prime controller addresses are are known and shown on the richlist. Believe me, there would be lots out outcry if any of the coins in prime controllers started moving out of thier wallet addresses and showing up for sale on exchanges."

well then where are the 1000S of coins sold on paybase coming from???

one guy alone posted a buy from paybase of about 488,000 xpy

This again should be trivially simple. There has to be a true believer somewhere who bought a coin on paybase. Follow that coin back to where it was created. This coin isn't very old, it shouldn't be too hard.

Not a true believer, just testing the CC to see who the processor was.

If you want to spend some time tracing it, here are two purchases I made:

TXN: 5c3c2efa1cd2abb0e384ed5ce15ef041903d992fe94d13531186f6185f93dfaf
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 25.698324 XPY


TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18
Address: PVGy8a4Ai2jUFVnWg4sowxzKNM2LdpCwmr
Amt: 27.090858 XPY

Important note, the second purchase I just made now. What was different from the first:

1) I was asked to confirm my address (which was prefilled)
2) I was asked to confirm my credit card (including CCV) was was all prefilled
3) I was asked to type in my phone number. I INTENTIALLY put in a bogus phone number
4) The transaction was processed (again with a 10% fee), but the XPY was deposited immediately to my account (no hour wait this time).
5) The charge on my CC appears as the same "ONLINE SAN FRANSCISCO", which I believe is Stripe (so looks like CoinFire might be correct, that they just changed the merchant account, but continue to use Stripe for purchases).

Went ahead and just did a transaction excavation on: TXN: a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18


Starting from the premine block:
https://chainz.cryptoid.info/xpy/tx.dws?1.htm

To the premine block movements out to a 1,750,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?167.htm
https://chainz.cryptoid.info/xpy/tx.dws?186.htm
https://chainz.cryptoid.info/xpy/tx.dws?190.htm
https://chainz.cryptoid.info/xpy/tx.dws?194.htm
https://chainz.cryptoid.info/xpy/tx.dws?9616.htm

From that 1,750,000 premine dispersal to a 50,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?83905.htm
https://chainz.cryptoid.info/xpy/tx.dws?139249.htm

From that 50,000 block through more dispersal to an almost 25,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?139351.htm
ttps://chainz.cryptoid.info/xpy/tx.dws?139867.htm
https://chainz.cryptoid.info/xpy/tx.dws?141151.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm

From that ~25,000 block through yet more dispersal to two approx equal blocks just over 12,000:
https://chainz.cryptoid.info/xpy/tx.dws?141732.htm
https://chainz.cryptoid.info/xpy/tx.dws?141761.htm
https://chainz.cryptoid.info/xpy/tx.dws?141767.htm
https://chainz.cryptoid.info/xpy/tx.dws?141796.htm
https://chainz.cryptoid.info/xpy/tx.dws?141858.htm
https://chainz.cryptoid.info/xpy/tx.dws?141932.htm
https://chainz.cryptoid.info/xpy/tx.dws?142048.htm
https://chainz.cryptoid.info/xpy/tx.dws?142177.htm
https://chainz.cryptoid.info/xpy/tx.dws?142362.htm
https://chainz.cryptoid.info/xpy/tx.dws?142787.htm
https://chainz.cryptoid.info/xpy/tx.dws?143015.htm
https://chainz.cryptoid.info/xpy/tx.dws?143187.htm
https://chainz.cryptoid.info/xpy/tx.dws?143275.htm
https://chainz.cryptoid.info/xpy/tx.dws?143377.htm
https://chainz.cryptoid.info/xpy/tx.dws?144745.htm

From one of those ~12,000 blocks to two approx equal blocks just over 6,000:
https://chainz.cryptoid.info/xpy/tx.dws?146064.htm

From one of those ~6,000 blocks to two approx equal blocks just over 3,000:
https://chainz.cryptoid.info/xpy/tx.dws?147619.htm

From one of those ~3,000 blocks through even more dispersal to two approx equal blocks just under 1,500:
https://chainz.cryptoid.info/xpy/tx.dws?148159.htm GAW sending coins to Bittrex?
https://chainz.cryptoid.info/xpy/tx.dws?149033.htm Bittrex again?
https://chainz.cryptoid.info/xpy/tx.dws?151682.htm

From one of those ~1,500 blocks to two approx equal blocks of around 740:
https://chainz.cryptoid.info/xpy/tx.dws?155845.htm

From one of those ~740 blocks to two approx equal blocks of around 370:
https://chainz.cryptoid.info/xpy/tx.dws?160085.htm

From one of those ~370 blocks to two approx equal blocks of 185:
https://chainz.cryptoid.info/xpy/tx.dws?164542.htm

From one of those ~185 blocks to your transaction:
https://chainz.cryptoid.info/xpy/tx.dws?a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18.htm

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

No, it never does. Thanks for this analysis.

While it's nice to have it proven they are selling pre-mined coins on Paybase... Is anyone really surprised?

The folks over on HT think buying up XPY from Paybase will raise the price on the markets, but it won't do a darn thing when they are selling from their massive pre-mine... They are literally just selling junk coins and depositing it into their bank accounts...

[demonz]

No, it never does. Thanks for this analysis.

Glad to see you learned to think critically. Quick question though, why did you delete a lot of your posts from this topic?

[vancefox]

And... that's how we prove they're using pre-mined coins to fulfill their PayBase orders...

The blockchain never lies.

So basically you're saying those coins never visited any exchange? Could it be possible that one of those 740 or 370 addresses was an exchange deposit address? I know it's unlikely because it looks to be a fairly neat halving pattern, so it would be an extremely odd coincidence that e.g. a Hashpoint customer moved 740 coins to an exchange then GAW purchased 370 coins and the exchange just happened to send them out from the same deposit wallet. Am I thinking about this right?

The split to almost equal parts to the same address are staking transactions.

Yes, they were staking with their pre-mined coins while they were/are dispersing them.  At least it was only 5%... they didn't use a prime350 code at that time... I guess I should of said thankfully, but I'm not going to.

EDIT:  But it doesn't change the outcome of the excavation.  The tx ID supplied for the purchase of coins via PayBase credit card came from pre-mine.

Ok, I'm going to pretend now that I understand this. Looks like a smoking gun as those coins never left GAW's possession.

Based on what I see and how I understand it:  Yes.  These coins that were purchased through PayBase with a credit card did not come from an exchange but instead came from the pre-mined coins that were still in GAW's possession.

I'll let someone else disprove me if they'd like.  Unlike "gawd", I'm not infallible.

EDIT:

[suchmoon]

Do the math. Sale outlet suffers the same trick to reveal max quantities that KNC had before:

2 TH/s - AntMiner S4  @ 806 max units
453+ GH/s - AntMiner S3  @ 811 max units

Bitmain was here last week or the week before offering a package of used machines close to this total hash power, can't find it write now:  https://bitcointalk.org/index.php?topic=904554.0  149.  Of course same day delivery can mean ex-China as well.

Seems Homero is desparate for cold hard cash, juggling CC's and peddling used hardware for 20 dollar commissions.

This is around 2 PH/s total. They have also been selling the S4 on oneminer.com for about 2 months now. Looks like the 5 PH/s purchase paid for with our hashlet money is being sold back to us. Nice work.

[vancefox]

No, it never does. Thanks for this analysis.

While it's nice to have it proven they are selling pre-mined coins on Paybase... Is anyone really surprised?

The folks over on HT think buying up XPY from Paybase will raise the price on the markets, but it won't do a darn thing when they are selling from their massive pre-mine... They are literally just selling junk coins and depositing it into their bank accounts...

No, it doesn't surprise anyone here... but every now and then there's someone who ventures away from that haven there and sees something very bright for the first time...