I found this thread via the cpig website. Are you one of the professors, scientists, engineers, or technology experts that make up that group? Which one?

every bet on a roulette table (except the "first five" 0,00,1,2,3) is equally stupid (that bet is worse).

There is no strategy to win, you need to be lucky and guess the right number.

Don't read too much into people not responding to the chat. I have sat at many online poker tables laughing as the chat accuses me of being a bot for not responding.

Better is doing nothing. If you have x bitcoins or enough money to buy x bitcoins. If you do nothing you will have x bitcoins. No matter what the price of bitcoins, you will be better than having less than x bitcoins which is what you will have if you do a cloud mining ponzi.

Because you will end up with less bitcoins than you started with. If you want to give away money, I'm sure you can find a better place to spend them than a cloud mining company.

Yes, because that guy turned 3 dollars into 2 dollars in 114 days, you should definitely give them all of your 1,000 dollars. That is the most prudent course of action.

Why do you "gotta do something?"

I'm not sure why you (or anyone) thinks that "pay someone else for hardware and electricity" is such a better idea than "pay for hardware and more for electricity."

I don't know or care, but all the one's that are mining would be doing it, and the fact that this one isn't should give you a clue to what is happening here. If you're ok with that, that's fine, but don't be shocked when they run out of coins to pay you with, just like people that are using a site that pays fresh coins shouldn't be shocked when difficulty increases mean their payments will stop.

At least the difficulty can be guesstimated and may not go up forever, ponzis WILL run out of coins eventually.

cryptochange.org was some "make your own kickstarter" type website and not developed by GAW's top minds?

I am shocked an appalled.

More coins that aren't freshly mined, obviously not a concern to people who want to mine bitcoins.

why too bad?

Electricity and hardware cost money. Bitcoin mining takes actual work. You can pick one, legitimacy or "profit." If you could have both no one would be renting you their miners. So you can get what you pay for or jump into a ponzi and hope it lasts (it won't).

You are a dreamer but you are dreaming complete and total fantasy.

Just sell your art/gems for bitcoin. there are less issues if you do that because people won't drastically change the price acquiring coins to give you, and you won't drastically change the price trying keep things going.

Do something good for crypto by showing that there is a business in crypto that isn't run by a scumbag thief by accepting bitcoin and then using it to pay your bills or just sell some to pay your bills. Why reinvent the wheel? Money works because I can give the pizza guy 20 bucks, he can give me a pizza and take what I gave him to make more pizza AND pay his mortgage. Bitcoin can't go all the way around the circle but it comes pretty close and is big enough that it can work.

A new coin won't work until you can pay your mortgage with it without fucking someone else over, and you can't do that and someone is going to get fucked in that scenario.

Miners/investors who cares?

There is no difference between mining or investing. A miner pays x in equipment/energy to get coins. The investor pays you y to get a coin. They are both paying to get coins, and there is nothing you can do to stop them from selling their coins for more than x or y.

And saying you are going to "back" the coin with anything (gems/cash/btc) won't work because then there is nothing for YOU to do with the coin except to dump it, which will either result in the price going down, or you eventually running out of backing as people buy the coins on the market for less than you are offering and flip them back to you immediately.

Before you do anything, you need to realize that the gem paycoin thing was going to fail with or without the subsidy.

IF they gave you a shitload of coins, you would need to sell them to pay for your gems, that would crash the price. No one was going to buy enough coins to get your gems because there are a ton of people who paid more than your discount was for their paycoins, so if some rando saw that they could buy $1k worth of xpy and get $1.2k worth of gold, they wouldn't do enough to raise the price to counter the scumbags who paid 0 for coins and the bagholders who paid $4-20 who would be rushing to sell their coins.

You had the same problem here, you were going to give people coins for x, then just expect people a week later to pay more. The ICO people are going to dump to take a profit, and when no one buys the coins you took in exchange for gems for a markup you are going to end up dumping yourself or just screwing people over when they come to you looking for gems.

You got conned by some people who are apparently good crooks with GAW, actually learn from it, don't be so defensive when people point out mistakes, and don't get yourself into more trouble by trying to undo that past.

Edit: why start your own coin? Just sell the gems.

whocares lost a lot of the benefit of the doubt when he refused to have rational discussion when people were trying to figure out his "sell gems for less than he paid for them" plan that couldn't work.

People tried being nice at the beginning of the GAW saga and got lied to, got their websites stolen, got dead animals sent to them in the mail, and death threats. Those are not the people who's "tactics" anyone should be questioning. Especially when those people are not asking for a penny.

What is the point of doing it privately?

I don't know whether whocares has good intentions and didn't understand the problems with the coin, or bad intentions and was trying to make a quick buck.

either way, it's better for everyone to point out the problems publicly. If he has good intentions, we can publicly figure out what's wrong, and try to educate everyone else. If he has bad intentions, why let some other rube fall into the trap in between the time we reach out and realize that he is ignoring us?

I know you don't want this to be about that coin, but the idea of 1 million worth of gems, or 100 million CAF, or whatever "backing" a coin with:

a) nothing for the person "backing" the coin to do with the coins after they acquire them.

b) no way for that backing to grow to keep pace with the coins inflation via staking/mining whatever CANNOT work.

There really is no middle ground, if you claim that will work you are either incompetent and not smart enough to "run" a coin, or a liar and a scumbag who shouldn't be trusted to "run" a coin. I don't know (or care) which one whocares was/is, stopping other people from losing anything of value in there is a benefit to crypto in a positive way because everyone person that gets fucked over by one of these schemes that can't work by definition is going to have a much bigger negative impact in crypto.

If everyone just remembers that money can't come from nowhere they won't fall into any of these schemes.

pointing out that a coin makes no sense and has major problems is not bullying. Perhaps if you would have read that when people were doing it about hashlets, paycoins, hashstakers, and ALL of Josh's other scams you wouldn't have been screwed by him.'

I'm still not sure what on earth you are on about with regards to "illegal" posts. It was obvious to Paul Revere, suchmoon, myself and others that paycoin wouldn't/couldn't work. We didn't need the emails to shwo that, and tried to warn everyone. The emails came way after the fact and just showed how scummy Josh actually was and that HE "realized" that it couldn't work. The emails were publicly available and just proved to show how shady the thing was.

Stop worrying about people "bullying" guys that robbed you and/or are trying to rob you or are trying some other scheme that can't/won't work and start worrying about your money. You will be in a much better place.

Why do you think suchmoon or Paul did anything illegal?

No one hacked anything. Josh/GAW stupidly left access to the google group/email open to the public so people just clicked it, read everything and saved it. Other parts of the email were collected due to an SEC subpoena, and leaked from someone else in GAW.

No one hacked anything.