This is not meant to be an offensive post, I am genuinely curious as to why Africa is so far behind the rest of the world.
The Roman Empire had running water, amenities, reliable shelter and clothing for its entire populace 2,000 years ago. 2,000 FRIGGIN YEARS AGO. They created art, sculptures, vast architecture using 2,000 YEAR OLD technology yet if you go to a random area in Africa, it is plagued by poverty, destitution and just overall squalor.
Why is Africa 2000+ years behind the rest of the world and what can be done to correct this??
http://en.wikipedia.org/wiki/ColonialismBS. During the colonist era they got roads, education, infrastructural investment, law and order. When it ended, they quickly restarted killing each other just before they were colonized. |
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Well, I guess this isn't about sinking claiming to sink anything. More likely about making claiming to make an example and then extort money from the rest  . FTFY Probabaly you are right. Thanks for fixing it for me . |
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This was a really good read. Good style, interesting topic. I enjoyed it. BTW you should commit it on Devtome for edifying future PD group members...and... and then pump DVC . |
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If you sink Bitcoin, you will hurt them all. So that is perfect choice.
Well, I guess this isn't about sinking anything. More likely about making an example and then extort money from the rest . |
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Payment received, thanks . I'd like to rejoin for the next week. FortuneJack Username: Snail2 Forum Username: Snail2 Current Post Count and Member level: 1455, Hero Member |
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As most dogs and cats are living according to the conservative values and they are used to be more intelligent than an average leftist/liberal voter, I don't see any reason why not . |
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Learning to control greed and emotions . Maybe not the best, but the most useful thing . |
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Why does everyone here think the automatic thing is to dump? Isn't the whole "high-brow" point of BTC centered on building an ecosystem around it's use and adoption? So that a BTC is a BTC, and not just what it's value is today in USD?
Actually most ppl here are dumping for BTC what they can spend on more miners to make more dumps for new up to date miners and so on... "HELGA What about the killing and looting? That's just as crude, isn't it? ERIK Oh well - you've GOT to do them. HELGA Why? Why have you got to go round killing and looting? ERIK To pay for the next expedition, of course." ...anyway they are heavily boosting the BTC ecosytem . |
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This is the part I think most believers fail to understand/acknowledge.
As of now you would need to dump 1.7m paycoins (14% the total coin supply) to eat through GAW's buy wall of ~$34 million.
In 5 years there will be 12.8 billion paycoins so dumping 1.4m paycoins would only be ~0.015% of the total coin supply. To dump 14% of the total coin supply (1.8b) at $20/coin would require a $35 billion buy wall.
Last time when I checked the source on Sunday the theoretical max money limit was 2 billion (inherited from PPC). The POS adds cca. 5%/annum to the 12.5 million at the end of POW, so that 12.8 billion looks a bit too much for me. |
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forgive me, the sheer stench of the brainwashed and blinkered on this thread had me presume that you were invested in the full ponzi.
please accept my apologies if I spoke out of turn in any of my direct comments to you.
No problem . As I'm in the altcoin "business" since almost two years I've got relative immune to brainwashing and big promises . |
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Isn't the inflation rate on ponzi coin 400% per year?  The same inflation rate as PPC (something like 4-5%)+ cca. 1% as XPY not destroying the transaction fees. |
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once all this hype is over and those who have made money from the POW mining phase, there will be very few people who wish to continually line Garza's pockets.
This is where a ponzi like this will be able to keep paying, because there will be precious few who fall for it, and the bulk of the money will belong to Garza.
I'm astounded that you cannot see this.
I see, that's why I'm just "daytraing" XPY instead of hoarding it . Buying between 0.022-0.026 and then selling between 0.032-0.035 is a really good stuff. I've made more in the last two days than on Bittrex and Cryptsy together in the last two weeks . (To be honest the religious tone on HT was a bit scary for me, and that was one of the reasons why I decided to keep a little distance.) |
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When you say something like that you can also try doing your own math and not wait for someone to do it for you.
There is a maximum of 20 hashpoints per user per day. By GAW's own admission there are between 10-20k users at most. Assuming everyone got 20 per day (which they obviously didn't) for 60 days (obviously too much, since this feature didn't work for a while) we get 24 million hashpoints. Doesn't make a dent in 2.9 billion.
HPs can be created only by mining? Are you sure? Actually I have no idea what HP really is and how many exist. |
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i fail to see how any of this is a worthwhile investment.
all you are doing is continually giving money to GAW.
Constant cash flow . Not to mention that most ppl over there converted their script and sha hashlets to stakers. Sooner or later they want to buy hashlets again plus these lifetime haslets were all converted to 1.5, 3 and 6 month stakers, so GAW will have tons of "free" hashlets to sell back again. I'd buy GAW shares if I could . |
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The plan from GAW's perspective is that people will keep restaking, and the few that cash out will only cash out a bit at a time. The "market maker" staker/investors, will either have to restake their earned paycoins after 6 months in order to keep their prime controller status (because they have to maintain that 1% of all paycoins status to keep the controller status)... or sell their prime controller to another interested party. They simply can't cash out their coins.
... and don't forget that the cheaper time limited stakers will have a fix lifetime. After that lifetime the steaker will disappear and you have to buy another one if you want to restake. Certainly you can use your paycoins for buying you new stakers. Much better business (for the seller) than selling everlasting hashlets . |
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It's not conclusive, jimmothy appears to be wrangling the data till it fits the outcome he wants. There hasn't been any unbiased analysis afaict, and I expect that's not even possible till GAW release figures. Until then, this is all conjecture.
One more thing: on HT HPs were "given away" (upvote) in quite big amounts. That's missing from jimmothy's calculation. |
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i will build it like an endless match. everytime you got a goal you will earn a satoshi or an editable amount of coins from your enemy as long as the wallet from your partner is cleared out by your skill^^ or he disconnects
It;s up now. Maybe some fixed point matches as options would be good. |
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As I see XPY want to evolve to something like ripple on a btc style blockchain. The idea is viable, but we will see how it works in practice.
Merchant acceptability is easy IMO. Stable prices, low volatility and fiat or asset backing. Thats all. ...and thats what GAW promising.
The most interesting question is the fiat reserve. How many they really have, the investors are real investors or just Josh, his buddies (with 12 million XPY in hand and ready to dump) and a bunch of "cultists" from HT. If they really have investors and a few million USD in hand, then they have a good chance to be one of the next big things.
Mining will not be an issue as soon as it will reach the POS phase.
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The site is loading a bit slowly. BTW can I try it?
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Can't reach it. Is this up and running now or down for upgrade?
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