Paybase not letting users withdraw BTC

[DaveWave]

Quite a few users having a moan on hashtalk about it.

I was thinking this scenario.

Just supposing I wanted to rip people off.

Create scammy coin
Have my own exchange
Let users think they have thier own virtual cloud wallet. You can see your coins on line. Reality is they're all in my wallet.

So with much hype I launch coin and people buy direct from me with btc, use my cloud wallet. They can sell my scamcoin on my platform and I give a good rate in btc, of course I can afford to do this as much as I want cos I'm not actually paying btc, I'm just making it look like I've paid you.

Of course if you do make a withdrawal for btc then I will have to honour that, but providing you think your btc is in your wallet I can hold the price up without costing me very much. Of course I have to make some payouts when withdrawals are requested but so long as more people are joining my make believe world with real bitcoins I'm in the black lol.

Since my platform is controlling pretty much all of the coins in circulation the price on other exchanges will automatically follow, hell if I offer a narrower spread on my platform I'll get more people over.

I think I'm going to be very rich lol

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[unusualfacts30]

If you open a ticket with support they fix it. Some users reported this issue but it has been fixed if you read their forum.

[DaveWave]

Well, I bet some point in the future it's going to happen again, and next time raising a ticket won't help.

Suggest you don't store your bitcoin in his cloudy wallets.

[Sir Alpha_goy]

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