Any ideas how the coinstand 20% discount works supposing it does work? I'm guessing HJG is just using his staked coins to make up the difference to encourage people to buy more coins? He stakes 350%, sells coins to make up the difference and then sends your item for what you would normally pay for it.
All the math works when you remember that Josh's coins were/are literally created out of thin air. when people buy coins to use on coinstand, they are giving Josh free money, he will give some of it back to string this along to dump the rest of his coins. The math actually doesn't work, because to get the $ required to do the Amazon purchase requires dumping the XPY back into the market. Example: A customer purchases $1000 in XPY and then purchases a $1,200 laptop through Coinstand. Coinstand (Homero) then has to dump that $1,000 back into the market. There is no profit there for old Joshy, only a 20% loss. This would also quickly remove all buy bids in the exchanges that Josh dumps into all day every day. Then you would have people gaming the margin. Two ways I can think of off the top of my head would be to purchase something with instant ~100% resale value (Gold/Silver) and then repeat over and over, each time you would have ~20% more to do the transaction. This would break the system very quickly, only being slowed by delivery times. The other obvious way would be to pump the XPY price before making a major purchase, and could be done in conjunction with a buy/resale game. Example: Customer purchases $20,000 worth of XPY by putting up Buy Bids on the market and getting Homero (and whoever else is dumping endless XPY) to sell to you, which makes the price stay level or go down slightly. Then you take a $5,000 worth of BTC and pump the price of Paycoin ~20%, and then make your purchase, and at the same time dump the XPY you bought to pump (taking a slight loss) OR, spend all $25,000 at the inflated price. Net effect would be to be able to purchase at ~40% off on 100% value resalable items (Gold/Silver-etc). With a couple day turnaround on investment you I would very quickly bankrupt the system. You started with a logical argument, i.e. buying something that is easy to resell is the obvious target to game the discount system. However, the idea that somehow one is able to pump the price on the exchange and then exploit this pump by dumping on the same exchange seems far fetched. Moreover, if one can make money on this pump & dump scheme, Coinstand is not necessary at all. You are missing the part about Coinstand accepting XPY at current value (and then giving you an additional 20% discount). So you do NOT have to dump back into the same market you just pumped. You pump the price, and then make your purchase on Coinstand. You could dump the pump portion right after you made your purchase at the inflated price, but it would likely work out better if you just spend it at the new inflated price. I understand there are loss margins and these numbers are just as an example, but obviously you could game such an easy to manipulate currency as XPY. Example: You put up buy bids and get Josh to dump you 40,000 XPY @ $.50 ($20,000). THEN you take $5,000 and pump the XPY price up. Right now you can EASILY move the price of XPY up 20%(more than that really) with $5,000. Your $25,000 worth of XPY would now be worth ~$30,000, which you spend on coinstand, getting another 20% discount off of the purchase price. CHA-CHING! You just bought $36,000 worth of Gold Bullion for $25,000. Obviously the whole Coinstand thing is just another hype scam. |
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Any ideas how the coinstand 20% discount works supposing it does work? I'm guessing HJG is just using his staked coins to make up the difference to encourage people to buy more coins? He stakes 350%, sells coins to make up the difference and then sends your item for what you would normally pay for it.
All the math works when you remember that Josh's coins were/are literally created out of thin air. when people buy coins to use on coinstand, they are giving Josh free money, he will give some of it back to string this along to dump the rest of his coins. The math actually doesn't work, because to get the $ required to do the Amazon purchase requires dumping the XPY back into the market. Example: A customer purchases $1000 in XPY and then purchases a $1,200 laptop through Coinstand. Coinstand (Homero) then has to dump that $1,000 back into the market. There is no profit there for old Joshy, only a 20% loss. This would also quickly remove all buy bids in the exchanges that Josh dumps into all day every day. Then you would have people gaming the margin. Two ways I can think of off the top of my head would be to purchase something with instant ~100% resale value (Gold/Silver) and then repeat over and over, each time you would have ~20% more to do the transaction. This would break the system very quickly, only being slowed by delivery times. The other obvious way would be to pump the XPY price before making a major purchase, and could be done in conjunction with a buy/resale game. Example: Customer purchases $20,000 worth of XPY by putting up Buy Bids on the market and getting Homero (and whoever else is dumping endless XPY) to sell to you, which makes the price stay level or go down slightly. Then you take $5,000 worth of BTC and pump the price of Paycoin ~20%, and then make your purchase, and at the same time dump the XPY you bought to pump (taking a slight loss) OR, spend all $25,000 at the inflated price. Net effect would be to be able to purchase at ~40% off on 100% value resalable items (Gold/Silver-etc). With a couple day turnaround on investment you I would very quickly bankrupt the system. |
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Wow. People knew his Twitter flock was mostly fake, but it is always amazing to see proof. And Josh just grabbed another $5,000 worth of Buy Bids. Way too easy, he can pump the price back to where it was for $500 now.  |
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Any ideas how the coinstand 20% discount works supposing it does work? I'm guessing HJG is just using his staked coins to make up the difference to encourage people to buy more coins? He stakes 350%, sells coins to make up the difference and then sends your item for what you would normally pay for it.
There are many ways this would be gamed, quickly bankrupting Coinstand and plummeting XPY price into the Satoshi's level, therefore the 20% discount for using XPY on Coinstand is just as fake as the $20/XPY Coinstand gimmick. If it happens at all (doubtful) it would be special invites to handpicked asskissers (Matrix Pyramid Scheme), and even then there would be a cap on how much could be spent. Keep in mind that most of the first batch of handpicked recipients of the $20/XPY handouts never received anything, and have not received their XPY back either. |
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Major payouts from Ghash.io . Is there a way to tell whether these were CEX cloudimining or if hashpower was directed at the pool? |
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https://hashtalk.org/topic/35704/goodbyeI was one of those people that "just tried to wait it out hoping for better days" I had already lost money so why not see how it turns out, try to ride the pumps etc. Well I'm out now, should have listened to you guys earlier  Your post on HashTalk has been tossed into the Memory Hole already. Deleting "bad things" (aka Reality, Truth) from their forums is about the only thing that group of shysters does consistently well. Do you happen to have the page open still? If so grab a screen of it and post that here. |
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That's all you got to say kid?
No, I think I gotta repost the list of broken GAW/paycoin/Garza promises, too - just in case you forgot ;-) No premine, we'll mine for our coins just like everyone else" - lie Hashlets will "Never expire and always be profitable" - lie Valutbreakers - lie Prime Hashlets will be able to mine SHA-256 - lie Prime Hashlets will be the only ones mining XPY PoW phase - lie HashBase - lie AmpStore is coming soon - lie Hybrid-thermal-rubber-rabbit-flux-chain BTC2 capabilities - lie Orion nodes with higher payouts - lie Paybase debit card - lie Paybase Amazon, WallMart and co - lie Paybase BillPay - lie Paybase thousands of merchants on board - lie XPY $20 floor - lie World leading coin development team hired - lie CAF (Coin Adoption Fund) - lie $100 Million Fiat reserve - lie We're moving the market - lie GAW "bought" BTC.com for $1 Million dollar - lie GAW bought ZenCloud for $8 Million dollar - lie We'll destroy all the test coins once we've finished debugging - lie premier accounts on paybase will go out in a week - lie hundreds of coinstand invites are going out in the next few hours - lie Honor program will buy back coins at 20$ - lie Prime Hashlets will no longer be sold after a certain date - lie Paybase is here to stay - lie Thousands of coinstand invites are going out this week - lie GAW is not dumping any XPY on exchanges - lie Remember Legendarys limited to 500 - LIE Vegas Legendarys only given to those attending Vegas - LIE Vegas Legendarys will be the rarest of Legendarys - LIE Holloween legendarys will be able to combine into something special - LIE Staker Legendarys will only be limited to 100 - LIE all Legendarys converted to Stakers will keep their Legendary status - LIE all legendarys converted to Stakers will get extra abilities - LIE Coinstand is a large merchant that will value paycoin at $20 - LIE thanks! haven't seen the updated list lately There are the lies associated with "Paysave" as well.  Not only that it did not ever exist, but GAW blatantly posted FAKE testimonials of supposed users, way back in December 2014. Look at this Paybase is already saving people money and it's not even out yet. That's how incredibly innovative this product is! https://paybase.com/(scroll down to comments at the bottom) Wow, that is amazingly FAST! Paybase transactions occur a week before Paybase is (supposedly) coming online! Look out Homero!!  At what point do the mesmerized finally snap out of it? Do they really have to be smacked in the face with a fish? Edit to add: Apparently nobody told the advertising blatant liars department about the delay in the Paybase rollout so they went ahead and pasted in the pre-made "testimonials" about how great Paybase is. Completely Effing amazing. How many fools still believe the BS from these liars?  It is right in your face for god's sake! |
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This whole thing is still going strong. I wonder how long it will last. Or how long people will still paying into it?
It has been getting hard for Homero to sucker people into putting up buy bids for him to dump into lately. That ~8,000 XPY Buy Bid wall @ .00209 (~$.53) is probably mostly Homero's, as it has been there a couple days and dumps stop short of there.  https://bitcoinwisdom.com/markets/cryptsy/xpybtcYou can see the last couple pump attempts have completely failed. Homero needs to roll out the next fake feature to hype on. I am still rooting for PaySea, an underwater commune for Paycoiners modeled after Scientology's militant SeaOrg wing. |
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You have no rights to offend other people.
Actually, you are wrong. You have no right to demand to never be offended. Nobody has the moral right to demand to never be offended. Do you know what happens in societies where there is legislation like you propose, where one actually doesn't have the right to offend others? Bad things. Very bad things happen in societies like that. +1 Must have learnt it from the Church, didn't you PEARSON1FIED Or in Forced Juvenile Indoctrination Camp (School). |
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@liriks Why? Without reason? Are you threatening me?  You are not better than everyone else. Hold on PEARSON1FIED, you and Liriks are on the same side. Liriks was insulting rawbot.  Meanwhile, on Cryptsy: https://bitcoinwisdom.com/markets/cryptsy/xpybtc  Maybe not quite dead, but Homero is having a tough time suckering buy bids above the $.50/XPY mark for a couple days now. When he needs to make GAW payroll or a Tesla payment the price is going to take a serious hit unless he can pump this bitch up yet again. |
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Hellsgremlin seems to have scored some more prime stuff tonight (in addition to the "Gift from Homero Garza" recently). Some folks on HT calling him out for being a lying, thieving, fake ponzi running piece of trash:  https://hashtalk.org/topic/32505/the-recent-pump-and-dump/24Archive: https://archive.today/6wzd4So lets see, running a ponzi where you pay yourself as the winner, and then when you get get busted for not paying back the 75% loser payback you promised, this suddenly makes you honest? NO. It makes you a lying fraudster scumbag that ripped people off for 25%, not to mention those that have not demanded their money back and those that say they have in fact not been given the 75% return. This is exactly why the lying fraudster scumbag Homero chose Hellsgremlin to be a shill recipient of the cheap goods from Coinstand (Still no proof the order actually went throught Coinstand and was not directly gifted by Homero- BTW). To every one of you fucking idiots reading this that are part of the Paycoin Cult: THIS is the lying scumbag tweaker fraudster hacker that Homero chose to give an "invite" to, instead of YOU. Figure it the fuck out already. The whole fucking thing is a scam, and you are being played for fools!  Nice saucer eyes asshole. All the better to stay up all night and dream up pissant ways to rip people off with petty scams. |
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Another "Paycoin Merchant" to choose from! Yaaaaay!  Just a couple weeks ago I ordered two tubes (40) Silver Eagles from Veldtgold using BTC. FAST delivery and damned near the best prices you will find anywhere. But, why do that when you can pay 25% MORE from some bunghole on HashTalk selling a ragtag collection of random coins and blobs?  Rare sign of intelligent life on HT:  Ya, because a torch melted pile of shit is way more valuable and easy to sell compared to a guaranteed .999% pure coin stamped in the United States Mint. So I can take a genuine United States Mint Silver Eagle 1 ounce coin and melt it with a torch and these morons will buy it for 1.6 times the price for it? WTF? Melted blobs are universally recognized as the most trustworthy source of precious metals and always command a huge markup over spot price in minted coins.  Not like anyone has ever tried to pass off lead and such as Silver. A melted blob says trust, can I buy 1,000 for my portfolio??  The Paycoin Cult is pretty much just a bunch of desperate , clueless scumbags trying to fuck each other over and be like their scumbag scamdog asshole hero Homero. These scammer assholes deserve each other. https://hashtalk.org/topic/35680/announcing-xpymetals-com-is-live/10Archive: https://archive.today/bepDP |
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Meanwhile, on Cryptsy:   |
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Slow for a Friday. All we have is one wannabe scammer nutjob wanting to call Crypto miners hypocrites for mining Crypto.
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@Lirik: Must suck wanting to be a two-bit half-assed $100 scammer preying on Paycoiners, the stupidest of the fucking stupid in the crypto world, and not even being able to pull it off. What a fucking loser.
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I think a good guidebook of what NOT to do when entering the crypto world would be to click through dyask's post history. An endless list of scams (CEX LTCgear, GAW/Paycoin, etc)that he bought into and can't quite put the pieces together to figure out he has been taken like an out of town jasper.
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So many mentally disturbed people in here especially OP
Hey! Found another TeamPayCoin account! Actually this asshole is a small fry wannabe scammer: |
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