1. You obviously can not read or comprehend English, and quite possibly have problems understanding 1+1 mathematically. Bumpershot said he started with TWO million XPY and used ONE of them for collateral on a loan and then used the OTHER to manipulate the market. There is an easy way to PUMP the price of XPY using the second million (10,000 is actually plenty) to get an inflated loan amount instead of the method Bumpershot suggested. Your lack of understanding of basic market functions is astounding and in my opinion makes you completely unqualified to run a financial company. This does not have to be huge numbers like this either, you can manipulate the price of XPY with just a few thousand dollars, so this scenario scales down to the realm where you are presumably lending.

2. You do not seem to understand the concept of COLLATERAL. When you accept collateral, that property becomes YOUR property until the terms of the loan are met. Not paying the loan back and forfeiting the collateral is simply an option given to the borrower, and in this case it is obviously the best decision to keep the BTC and and let you (the SUCKER) keep the XPY that has dropped in value over the life of the loan. Then there is the spectre of the MILLIONS of XPY that people have and can not dump into markets without trashing the XPY price. What you are doing is offering a way to trade them for BTC at top market value (which they can pump up before the loan), in other words it is STUPID not intelligent.

There are so many ways to take advantage of your stupidity and total lack of understanding of how Loans,Markets, Crypto, and the scam that is Paycoin in particular, works it is hard to figure out which is most likely to occur first, but I have no doubt that others will demonstrate them to you and your "investors" in short order.

NO. Why not trust based loans secured with collateral? THAT makes the most sense from the lenders point of view. Taking loans based on some shit stain, easily manipulated, Monopoly money that certain individuals have an infinite supply of as collateral is just plain old fucking STUPID. Anyone who invests in your scheme (including you) deserves to get ripped off, because that is exactly what they are signing up for.

@cmilian: The complete idiocy of this plan boggles the mind, I can now see why you are targeting the fools who are deeply invested in Paycoin. What you are doing is offering every XPY bagholder an opportunity to cash in on today's XPY value, which can usually be moved 20-30% with a couple thousand dollars. SO, they pump up the XPY price (or better yet, let others do it- like Friday), get the loan at the current inflated value, and then let your investors hold the bag after the market deflates from the pump, along with the usual downward trajectory of XPY that will occur during the life of the loan. Then you factor in that there are people holding so much XPY (MILLIONS-literally) that they have no idea what to do with it and this is a sure way to find failure for your investors. Fucking Brilliant. And yes, I chose that word quite carefully because it fits perfectly. Add on top of that the fact that you openly admit to being a large holder of an "investment" in XPY that plummets in value every day (And the "company" you are CEO of is designed to make it dive more) and we have pure Paycoin Idiocy in one neat package.

You might not be associated with Josh Garza and GAW, but you sure like to speak in half truths the same way he does. What I am seeing here is that you are allowing BTC loans with XPY at current value as collateral, and then paying back the loan (after default) with XPY at the new current rate (always lower). That = ability to short XPY. That sir, is completely insane. XPY drops continuously. Are each and every one of your investors aware that you are doing this? How about if Josh Garza wants to borrow a large amount of BTC? Does the same deal go for him, even though he has an infinite supply of XPY?

Are you saying you are allowing people to short XPY (Accepting XPY at current value as collateral to borrow BTC= ability to short XPY)? And at the same time you openly state that you are a large holder of XPY? You may or may not be a scammer yourself, but I can say for sure that what you are saying does not add up.

Why would anyone trust a company that invests heavily in an obvious scam, and then goes around shilling for the scam long after it has been well established that is exactly what is going on. This complete disconnect from reality just boggles the mind.

Edit to add: In case that was too sugar coated to grasp: If you are so fucking stupid as to invest heavily in an obvious scam, then promote it long after it has been exposed as such,  and then go around expecting people to trust you with their BTC you have some screws loose upstairs.

More HT humor:
https://hashtalk.org/topic/34018/for-the-love-of-the-coin-please-do-something-i-would-hate-to-go-down-this-way-so-would-the-rest-i-m-a-fighter-but-need-motivation-right-now/24



Lost of these idiots seem completely unaware that any crypto coin can go all the way to zero, and most do. When another zero or two is added after the decimal place on the XPY price maybe they will start to catch on. Wellll, maybe not.

Ya. looks like half got pulled and the other half got gobbled up. Probably Homero baiting people to put up Buy Bids and then pulls his bait out and snaps theirs up.

Edit to add: After counting, I think that a solid 10,000 got gobbled by Homero&Co., so not much got pulled out of that wall afterall.



This will indeed be some Popcorn worthy chart action this week. Josh needs to get that TeamXPY Nuclear Powered Tunnel Boring Machine rolled out!

How about a "Bitcoin Bar" that makes you Lose x amount? 

(Just joking, wouldn't want you to defile your pretty slot machine with his creepy mug)

Yep, had my alarm go off when it went below .0021 a while ago. When you see what ~10,000 XPY will do to this market you would have to be absolutely retarded to not see that when a minimum of 200,000 coins get released during the next week that the price is going to take a serious hit. The thing is, a lot of the idiots on HT were BUYING like madmen last weekend at .0025+, so those guys are just a lost cause and will likely not sell now and rebuy when things hit bottom (or better yet just call it a lesson learned and GTFO of the Paycoin Cult.)

Mother Popcorn time. Hit it JB:

Poor Jakhole seems to be a true believer. I love his signature: Next stop Planet Amazing*ly effing stupid and poor" The real reason none of the "features" have been implemented is that they all compete with Josh&Co for available Buy Bids to dump into. Credit Card, Merchant Adoption, etc, all mean a continuous dump of XPY into the market, sucking up all available Buy Bids in the exchanges and making the price slide constantly downward. That, along with incredible incompetence and lack of funding, of course.

I see that the number of XPY quoted on HT as being released from CashTakers this week is ~200,000. The number being bandied about here is ~1,000,000, so I bet the actual number will be somewhere in the middle of those two quantities. It is hard to fathom that there are a few people who are actually believing Mr. Coins' complete reverse logic about a huge dump into the market not making the price plummet. And of course if it did, it would only be for a few days, according to him. Even if it only lasted a few days, would it not be wise to sell off before the dumpage and then buy at what you think is the bottom? If nothing happens, as Mr. Coins predicts, then you would not lose anything by selling and then re buying after the XPY release event. Risk mitigation is the prudent thing to do here, so the shills are urging everyone to do the OPPOSITE of what makes sense. Typical of GAW and the assholes who shill for them. The "investors" still suckered into this scam are the most inept dimwits in the whole Crypto community.

Hilarious, the asshole Mr. Coins telling everyone to BUY, imagine that. He even mentions what I suggested would be the smart thing to do if you actually believed in Paycoin:  That is not a high risk approach at all, it would be the prudent thing to do if your plan were to hold as many Paycoin as possible.

Probably the Flock doing the dirtywork for GAWcult  Inc.. Several HT members like to brag about being hackers, including one of the more annoying shills who posts here. Odd that the TeamXPY site is down though, a little infighting perhaps?

Poor feller has obviously not heard of the "Nottafees" that Josh&Co charge for everything, because fucking you on the price at every step of a transaction is different than a fee. Well, it makes sense to the feeble minded anyways. But relax, Josh is not a liar!
https://hashtalk.org/topic/33954/why-is-gaw-calculating-btc-278-usd-while-the-current-rate-is-292-usd/3

Nothing associated with the questions posed goes beyond what you call "simple basic math".

These latest pictures look like BitcoinBar to me. Notice that they both look like they are chewers in the meetup pic of Tyler Root and BB (lump in the lower lip). In the Mugshot he does not have any chew in his lip which was one thing that I thought did not match, but chew and no chew explains that difference. The nose and bridge are a match, and I see similar asymmetry in the forehead area- a bump on both left (right in pic) upper foreheads and an off center (towards his right forehead) slight widows peak in the hairline. The beady eyes are the same, and to me the cheekbones are a match, which someone else thought they did not match. I really had my doubts this was BB the first time the Tyler Root mugshot was posted, but now you can see that this guy at the meet does seem to be TR, and looks much more like BB than the mugshot did. Not 100% sure though. I guess someone could call up TR and see what he says.

My guess is that he was including the decimal places denoting cents.

BitcoinBar:

This newly found pic looks a lot like Bitcoin Bar, but there was a post about Bitcoin Bar being Tyler Root a ~month ago, and his mugshot does not look like as good a match. Dunno, I can't rule it out.  If it is him, I guess he moved from sexually assaulting Minors to financially assaulting Miners.
http://mugshots.com/US-Counties/New-Hampshire/Belknap-County-NH/Tyler-M-Root.92174759.html

He has not pulled out the Mother of all Excuses yet: