Thread: Dear Bryan

it would be very reassuring for many of us if you would confirm that pic-pay was and still is backed by gold reserves in Australia.
thanks.

Please ................!!!!

BM will never answer this question in a public forum ;-)

Even if it was backed by gold, doesn't take away the issue of hands in the cookie jar.


4D

Bryan already answered that question at a previous convention.

Originally Posted by 4dataxman

Even if it was backed by gold, doesn't take away the issue of hands in the cookie jar.


4D

Interesting,

So you are saying someone had their hands in the cookie jar, yet Bryan had total control over everything, so are you saying he left his cookies exposed? Come on, with such privy information and no knowledge of trading accounts, how could anyone get their hands on Bryan's cookies????

Good luck to all, Mike

Can someone please explain why Picpay should have been backed by Gold?

My understanding is that the e-currencies have to be backed by gold plus a margin to take care of the fluctuation in the value of the metal. (One buys by the gram and sells by the gram at whatever the rate is at the time to the dollar)

As Picpay was not a e-metal currency but was valued in dollars alone surely that put Picpay into the payment platform rather than e-currency box?

Why then are some members asking about Gold in Australia?

Could it be that Picpay was originally conceived as an e-metal currency and subsequently launched as a payment platform?

There always seems to have been some confusion about this so perhaps there is someone who can cast more light on the matter?

Michael

Originally Posted by 4dataxman

Even if it was backed by gold, doesn't take away the issue of hands in the cookie jar.


4D

DITTO !!!
Exodus 14:14

Originally Posted by Offshore-Wealth.com

Interesting,

So you are saying someone had their hands in the cookie jar, yet Bryan had total control over everything, so are you saying he left his cookies exposed? Come on, with such privy information and no knowledge of trading accounts, how could anyone get their hands on Bryan's cookies????

Good luck to all, Mike

Cookie Monsters!!!!

Originally Posted by michaelr

Can someone please explain why Picpay should have been backed by Gold?

My understanding is that the e-currencies have to be backed by gold plus a margin to take care of the fluctuation in the value of the metal. (One buys by the gram and sells by the gram at whatever the rate is at the time to the dollar)

As Picpay was not a e-metal currency but was valued in dollars alone surely that put Picpay into the payment platform rather than e-currency box?

Why then are some members asking about Gold in Australia?

Could it be that Picpay was originally conceived as an e-metal currency and subsequently launched as a payment platform?

There always seems to have been some confusion about this so perhaps there is someone who can cast more light on the matter?

Michael

Maybe the reason some are asking is because on the old PicPay site the statement was made about money in PicPay being backed by gold. At least this is what I remember and have seen many members also refer to this. If this was on the site than members have a right to ask, like wise if the site never said this then there is no reason for the question. Maybe others can confirm if this was posted on the web site.