Uhmmm... WTF? Thanks, but no thanks.  Wow, he didn't even customize the invite... Wow, an invite from the Hash Jester. You should accept! |
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Whoa, GAW has opened up the ability to sell hashstakers. I wonder if I can sell off my prime stakers and hashstakers to some true believers.
Its hard to believe but people are buying them. Mind you, it is a fire sale. lol for sure down to 1.16 people are going to undercut eachother till they're worth dirt h0h0h0 I was reading on one of the threads on HT earlier where someone actually did the math (I know- shocker-right?  ) and initially some idiots were paying more for the stakers than it would cost to buy the amount of XPY they would yield in their lifetime + the coin(s) in them. Probably still happening, they are not a real bright bunch over there. P.S: That is not even getting into what the XPY will be worth in the future if you wait around for them to stake.... |
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These fools simply do not understand WTF is going on. They keep putting up buy walls, and GAW/Homero keeps cashing in the endless pile of FREE XPY:  Thanks for the pile of BTC in exchange for a worthless sack of Shitcoins, SUCKERS!  |
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 And the Dumpage continues. Not sure if they are getting better at disguising Dumps as Buys or are just getting lucky- A LOT!. Homero doing his Happy Dump Dance:  |
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FTFY!  Round Round Baby, Round Round! |
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i bought a lot of xpy today, Now it can go up again  Do you enjoy losing money? Did not GAW promised that Walmart will be accepting PayCoin soon? I thought they really mean it. Wahmart? Y U NO Like TRUG?  |
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Is this a competition to see who is more retarded? i bought a lot of xpy today, Now it can go up again The desperated bagholds will thank you. The interesting part is that Homero should jump all over a suggestion like that. Incrementally pay out over a period of a few years , of course (while their XPY is locked up), and most of the XPY he would be giving them would be worth a few Satoshi. Meanwhile it would take a lot of potential dump competition away from the market. Pure Homero Scam. |
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Yes, it's a bug on CoinMarketCap. Just look at Markets tab. You'll see Cryptorush listed at 2 USD. How a defunct exchange appears in those statistics is a mistery. Another mystery is why a shitcoin like XPY with a handful of followers that $100 can move the market price 10% is listed as having an ~$11,000,000 market value. There were rumors about this some time ago, but I never heard anything concrete about the actual method used by Josh&Co to make this happen. Personally, I have no doubt that some $/ BTC were exchanged to make this obvious fraudulent market capitalization valuation listing happen. |
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well i ordered an iphone and ipad and one of the staff PM me its real
Wait, one of the people from the website told you it's real? Well that's concrete enough for me, I'll buy 10.  Funny reaction to the latest little Homero Dump: https://hashtalk.org/topic/31970/woah-who-just-dumped/8  Josh emptied the order books and put all of the Bitcoin in his pocket!? Lets give him MOAR!!   |
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Another 20% drop. Never would have guessed. Shocking. Not quite enough of a drop for me to take a ride on the Turdwagon, unfortunately. WTF is this ?: https://www.youtube.com/watch?v=WwAK6zPXAC8 Was this already mentioned? Yet another possible Paycoin trademark infringement? |
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Total failure of the wallets and entire coin just might be part of the plan. This was talked about some odd hundreds of pages ago. If the whole thing gets monkeyed up and crashes Ol' Joshy will just shrug and say "Awe Shucks Fellas! I tried so hard, too. SORRY!" (BaHaHHAaHaa SUCKERS, I still have your BTC/$!) |
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I think the theory is that if you provide consumer incentive to use XPY, then the buying of XPY will offset the selling by the merchant. XPY will just be the medium of exchange.
It won't work for a number of reasons, but it's not just as simple as looking at current market depth. If people have a reason to buy XPY to use at a retailer, that depth increases.
It isn't finished yet cannot be judged yet Hey Dave, check out how it's "Coming Along" then .... https://github.com/GAWMiners/paycoin/graphs/commit-activityDo you get it yet? It's a scam, man, wake up already your wasting our time.  Oh yeah thanks for that This one's even better: https://github.com/GAWMiners/paycoin/graphs/contributorsYou can see where the devs disappear. There's one little blip of recent development, but nobody to roll out a new wallet with those fixes. This graph here is pretty telling as well:  Hmm, there seems to be a "slight" drop off of code changes about 2 months ago. |
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Incorrect again, Dave. XPY is functioning as a currency right now, albeit an extremely poor highly unstable one with hyper-inflation. Are you going to explain how merchant acceptance of XPY will make the price rise or not?
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Mathematics, Dave. Learn it. Love it. Live it. Or, just continue to be an absolute moron, your choice. |
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Liquidity cannot be determined yet as it is not finished yet
Have i answered your simple question yet?
This is correct?
You are, as usual, incorrect. Bigtime. The liquidity can easily be derived by examining the Buy Bids on the exchanges using "math". Bitcoin Wisdom has a pretty good setup to do exactly that in real time. Here i have circled what a small merchant exchanging ~$10,000 worth of XPY from a day's sales would do to the XPY price right now. It would make it dive to .0021. That is about 40% lower than it is right now, in case these "numbers" confuse you. Then the price might recover a bit until the next day when the merchant dumped the day's take of XPY again, and the effect would be even worse, spiraling downwards each day until the price was into the Satoshis in a pretty short period of time. In reality, the merchant would quit accepting Paycoin once they found out that they would get shafted 25%-30% on their revenue every day. The fact is that even a small (~$10k/day) merchant accepting XPY would completely destroy the price of XPY in a matter of days.  |
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Long term, merchant acceptance raises the price because consumers want cash-on-hand to buy things right away. I keep some BTC around simply because it makes checking out easier.
You need more than just one or two merchants for that to make sense, though, unless you can get some big auction site or something else that demands urgency regularly.
This is correct. What is important is that the currency has enough liquidity to absorb the merchant dumps every day. This is in fact one of the things Bitcoin price is struggling with right now. As you say, at some point the effect of having lots of people holding small amounts over what they intend to spend will help buoy the price. Exactly where that ratio of hold to spend is that will stabilize BTC price is yet to be determined. In the case of XPY, there is not enough liquidity (Buy Bid Depth) to support a $1,000/day merchant without making the price tank. That is not even getting into the fact that Josh&Co do NOT WANT merchants competing for the meager Buy Bids they are dumping into every day. Dumping the endless supply of XPY they have is the entire reason for this scam. It is also the primary income for GAW now. The only other income is selling off miners, and that is meager and will soon run out. At that point dumping XPY will in fact be their only revenue source. |
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I am not asking about that slow, old, dinosaur Bitcoin, Dave.
I asked how merchant acceptance will make XPY rise? Are you even going to attempt to answer this simple question?
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