The time has come to set some records straight, as apparently lots of people/shills are claiming CryptoArticles is somehow affiliated with Paycoin (XPY) and PayBase. There are always two sides to a story, and this article will tell our side. A lot of things happen behind the scenes in the world of cryptocurrency which most of you are not aware of, so let’s try and clarify those things.
The Paycoin (HashStaker) ad on CryptoArticles
Let’s get this out of the way first. Yes, we did have a Paycoin ad on CryptoArticles, advertising their HashStaker. What most of you do not realize, despite a clear disclaimer being put in place, is the fact that CryptoArticles never signed an advertising deal with Paycoin or Josh Garza. In fact, the HashStaker ad didn’t even belong to us at all.
On the top of every page, you may notice it says “CoinTelegraph Media Partner”. Not too many sites are an official media partner of CoinTelegraph, so allow me to explain what this partnership actually entails. There are multiple aspects which I will briefly explain to you, and if you have further questions, leave them in a comment below.
What does CryptoArticles gain from being a CoinTelegraph Media Partner?
To put it bluntly, the offer came at an opportune time for us. We were struggling a bit to renew advertisement deals, and CoinTelegraph contacted us at the right time. We get paid 1 Bitcoin per month to host their ads on our website, and we don’t have to run down advertisers for payments or renewals.
Which advertisements on CryptoArticles are part of the Media Partnership deal?
CoinTelegraph owns nearly each and every ad slot on this website. The Genesis Mining banner at the top of every page, and the Draglet advertisement in the right sidebar are the only ones we control ourselves. All of the others in the right sidebar, as well as the banner slot below each and every article, is property of CoinTelegraph.
Do you have any say in which of CoinTelegraph’s ads you can or cannot host on the website?
Absolutely not. If we were to refuse any of the ads of being listed, it would be considered a breach of the Media Partner contract. As a result, we would be forced to pay 3 months of contract wages to CoinTelegraph immediately. (This would be 3 Bitcoin in total)
So why did you remove the Paycoin ad yourself a few hours ago?
I have contacted the person in charge of the CoinTelegraph Media Partnerships, and kindly asked whether or not we can remove the advertisement due to all the negativity surrounding Paycoin. After 24 hours, I still didn’t get a reply, neither via email nor on Skype. Therefor, I took it upon myself to remove the ad and face the potential repercussions.
The Potential Advertising Deal With PayBase
Before things went sour with Josh Garza, Paycoin and PayBase, we were approached by a Paybase representative in regards to a potential advertising deal with CryptoArticles. The person contacting me is called Rami (email@example.com), and his first email contained the following information (which seemed rather blunt and unprofessional to me at the time, so I wasn’t sure what to expect) :
Not sure what to think, I replied with the following email (like I would reply any other email) :
The discussions went back and forth a bit, with Rami asking me how much advertising for 3 months would cost. He also enquired about getting the top banner ad (which is property of Genesis Mining), and how PayBase was interested in covering the entire background of the CryptoArticles website. By background, we mean the area to the left and right of the “line” surrounding the canvas of the site.
I decided to be bold and ask for the relatively high price of 5 Bitcoin to host their background advertisement on CryptoArticles for 3 months. These conversations all took place on December 30th, before all the major drama broke loose and PayBase got hacked. At that point in time (due to different time zones probably), everything still seemed legit to me.
A few hours later, I received the following reply , to which I did as Rami asked (still taking place on the 30th of December as you can see) :
After sending them the invoice on the 30th in the evening (local time was 21:00 GMT+1), I received one final reply from Rami saying payment would be done within the next 24 hours. In that final email, I also received a background image which I could use once the payment had come in. Everything still seemed normal at that point.
You can imagine my surprise when I woke up on December 31st and was greeted with several articles and Twitter posts about PayBase getting hacked, as well as the actual truth behind Paycoin and PayBase. My first action that day was emailing Rami, saying how they could forget about the deal, and that CryptoArticles wanted no part in any of their malicious activities.
Up until this day, I have not heard back from Rami or anyone else working on the PayBase website. No payment has been made to my Bitcoin account either, for which I am very grateful. It looks like a disaster was avoided at the last second, and that’s a good thing.
The reason I enclosed all of this information is to show our readers how we were approached by PayBase in order to host their ads, and what their way of conducting business is like. Red flags were thrown at December 31st due to a lack of communication and payment, technically breaching a contract (if they had signed one).