I am not deeply involved in the Paycoin mess, sorry for this really basic question: Are there still "primenodes" (or whatever they were called) frequently receiving large numbers of new coins? Can "the community" edit the code and eliminate the large rewards for elite accounts after Josh is busted?

Fuck the billions of weak minded fools that follow a fraud with blind faith. That's how Josh got many of these idiots to follow him. Josh is the same as any other cult leader. All religions are a cult and they are all about money and power.

Subject: I felt Gods peace this morning From: Josh Garza <josh@btc.com> To: Roo <jessica@greataukwireless.com> Content-Type: multipart/alternative; boundary=f46d0434bfdea273fe05066796cc --f46d0434bfdea273fe05066796cc Content-Type: text/plain; charset=UTF-8 Everything is going to be ok. No matter how things work out with the company. God just needs to be in control, and he will provide :) -- Sent from Gmail Mobile

Perhaps you fellows should turn your backs now. You have an excessive dedication to hate. The original problem with XPY is GAW/HJG. With that cancer removed from it, it's entirely possible the coin could become respectable. Reserve your hate for the perpetrator of the fraud, not the coin.

Thanks for helping man, there's no way of knowing how things will ultimately work out for XPY, but if a group of people sincerely get behind it and attack its problems (and I think that's currently happening), then it could yet become a good coin.

There is a large community around it and they still have things partially done that can work if redesigned to benefit the holders and not just one or two people. Lots of dumb people but they still have a large amount of funds they could draw from and if you took the bad actors out then they might even see some returns.

Subject: I felt Gods peace this morning From: Josh Garza <josh@btc.com> To: Roo <jessica@greataukwireless.com> Content-Type: multipart/alternative; boundary=f46d0434bfdea273fe05066796cc --f46d0434bfdea273fe05066796cc Content-Type: text/plain; charset=UTF-8 Everything is going to be ok. No matter how things work out with the company. God just needs to be in control, and he will provide :) -- Sent from Gmail Mobile

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere

Uh,. Wrong. The original problem is that Paycoin was 97% pre-mined and had hard coded hyper staking wallets that belonged to a select few who were in possession of this pre-mine. Burn Garza at the stake and the rest remains, it is just different shithead shysters taking advantage of the naive who buy into the coin.

Perhaps you fellows should turn your backs now. You have an excessive dedication to hate. The original problem with XPY is GAW/HJG. With that cancer removed from it, it's entirely possible the coin could become respectable. Reserve your hate for the perpetrator of the fraud, not the coin.

Thanks for helping man, there's now way of knowing how things will ultimately work out for XPY, but if a group of people sincerely get behind it and attack its problems (and I think that's currently happening), then it could yet become a good coin.

There is a large community around it and they still have things partially done that can work if redesigned to benefit the holders and not just one or two people. Lots of dumb people but they still have a large amount of funds they could draw from and if you took the bad actors out then they might even see some returns.

But you have to include that there is a specific plan agreed to by the Prime holders to actually destroy the amounts of coins generated in excess of current numbers. There's also a plan to revisit this for the next round. So we really just have to see how this plays out!

I am not deeply involved in the Paycoin mess, sorry for this really basic question: Are there still "primenodes" (or whatever they were called) frequently receiving large numbers of new coins? Can "the community" edit the code and eliminate the large rewards for elite accounts after Josh is busted?

this is crazy shit but also information overload at the same time! try removing the embedded images... a little better.So I gathered from this that the company was pushing for FINCEN / AML / KYC but Josh overruled them saying that "staying in business" was more important than abiding by the law? Damn.... The turnout of this should be interesting.

This email was sent referencing this post : https://web.archive.org/web/20150103030230/https://hashtalk.org/topic/25441/paybase-launch-rescheduled (original post is deleted of course, here's the archived copy https://web.archive.org/web/20150103030230/https://hashtalk.org/topic/25441/paybase-launch-rescheduled didnt the ex employees say this is how gaw does business? keep employees in the darkwhy the fuck is the 'information security officer' having to teach everyone else laws about money businesses? either way, im convinced after reading those articles(bunch of other emails about KYC requirements)

So I assume all of this needs to take place before launch (in order to stay out of jail)? If so, I will go ahead and set expectations by saying that a multi level verification system simply cannot be built and tested thoroughly in 1-2 days to be publicly released (even if we were not already working all weekend to prepare the software for launch). I have plans to go live on Monday (and I think everyone else is also aware of this but please correct me if not). This being the case, and considering a multi tier verification system needs to be implemented before launch, the software release will simply not happen on Monday. We will need to scope the work and the amount of time this will take to implement and give a realistic timeline for implementation and release (assuming we cannot launch without verification levels). I will also be involving security testing and exploit pin testers for this type of addition (as this is something that simply cannot have issues considering the severity). I will begin working on this with my team and get back to everyone with a new launch date. Am I missing something here or is everyone now on the same page?

In order to comply with Federal and State statutes, MSBs are required to have AML policies. An MSB AML policy is a set of rules and procedures to prevent the introduction of the proceeds of crime into the financial system by means of an MSB. An AML policy will address, amongst other things, underwriting of new clients and transactions, OFAC checking policies, transaction limits, policies to prevent facilitation of money laundering or the funding of terrorism and policies on the reporting of suspicious transactions. In the United States, the essential criteria for an AML policy are set out, in part, in the Bank Secrecy Act which specifies that such policies must include the following elements: (1) a system of internal controls; (2) independent testing for compliance; (3) the designation of an individual, or individuals, to coordinate and monitor day-to-day compliance; and (4) training of appropriate personnel. Failure of an MSB to draft, adopt and honor such a policy may result in severe repercussions for the MSB and those individuals who operate the MSB.

Dave,I wanted to reach out to your directly regarding KYC/AML. The people included on this email are hands-down the most important people to have in this discussion since *we are the ones building it*. We also have a vested interest in not building something that's going to get us in trouble with FinCEN. Could you please discuss this with us to ensure we are on the right path for implementing KYC/AML into PayBase. I feel that we've been getting some watered down information through the grapevine.This is our draft policy for KYC/AML verification tiers.

Right, when I saw that post I sent it to our two lawyers for their opinion and that was their response as well. Jonah thinks we are installing AML compliance software prior to launch. You have not been involved in that?

Prime controllers should be removed completely. There is no other community foundation or association as far as I am aware of that receives this type of benefit.EDIT: BTW nice pic suchmoon, and GAWsome coffee mug. I'm assuming you are a car mechanic based on the background in the pic?

I am not deeply involved in the Paycoin mess, sorry for this really basic question: Are there still "primenodes" (or whatever they were called) frequently receiving large numbers of new coins? Can "the community" edit the code and eliminate the large rewards for elite accounts after Josh is busted?