Trolls dont have xpy, trolls didnt mine it. Trolls only rented out rigs for btc. So no fud homero. Im actually hodling .04 xpy
Dang, and here I thought I was a big risk taker with .03 XPY of change left in a pool. Any predicitons on where the bottom is? Where are people thinking about buying into this mess to cash in on the anticipated dead cat bounce? $1? 50 centavos? 10 cents? 1 Penny? 1 Satoshi? |
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50% drop in an hour? Nothing to worry about. Everything is fine.
Keep renting miners GAWfolks!
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You can buy paycoin with bitcoin in Tier 1 but you can't buy bitcoin with paycoin. WTF?
It's called "innovation" Are you some sort of Luddite and don't like progress? When someone sells you a dog turd wrapped in a candy bar wrapper, this is called innovation. Just eat the dang thing and smile, and keep your trap shut or else you are an anti-GAW troll my good man! |
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How big is the wallet for XPY right now,I know BTC wallet is 29gig ATM & LTC is 3.8gig.Not sure if I have enough room on my main PC  Also,do I need the wallet  I thought there was going to be web based wallet or something like that............my XPY will be should show on my Zencloud acct first,after being swapped for my HP. Just want to be ready to dump & do it correctly the first time,I have a habit of screwin things up  I have the wallet but never used it. I sent all of my mined XPY to Coin-swap. No problems. I would only bother getting the wallet if you plan on holding for a long period of time. Also: Just read the latest delay announcement from Josh. I am so shocked, they are not going to pay $20 for XPY on Monday? Huh, that is totally unexpected. This here may be his "gift" to anyone who is paying attention: It’s important that we do not “rush” through the legal process or the testing phase of Paybase, but I know many of you were counting on some extra cash for the holidays, so we found a good compromise.
We just finished running some tests. I am proud to announce we will be releasing the Paycoins you have earned so far tonight.
I think you all should be able to get the upside to Paycoin now if you need to cash some out or if you’re a trader. We looked and the current XPY rates and thought,
“Wow, at the current rate it would equal a 10X earning from the mining you have been doing over the last few weeks, as compared to other pools."
Paybase is on track, so I know many of you will want to wait until then, but, it’s important to have a choice! Translation: They are going to "release" coins to HTrs so they have the choice of dumping them tonight for 1/4 of his promised price. OR you can wait for Paybase to be rolled out at some undefined point in the future, at which point you may or may not be able to cash your XPY in for $20. I predict a massive dump tonight as those who have a little common sense decide to take 1 bird now rather than wait for a potential 4 birds as promised. What a complete and absolute con man. |
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Except... you still haven't explained *why* they need to buy those coins from the exchanges for $5. Then they will be accused of price manipulation and owning 100% of the coins in existence. Just more fodder for what you are trying to do here.
So the hypothetical $7.5M out of GAW's pocket is the price they pay *not* to look like they are manipulating the coin? Shucks! So tossing money in the toilet is how to succeed at business? And here I have been trying to outlay as little as possible for the potential return for the past 30 years.... |
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Now... if you don't understand that they don't have to buy back all those coins because of natural market forces (arbitrage, and home stakers), then you will most likely never understand.
Finances are never as black and white as you imagine them to be.
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I got your point the first time you explained it. I know how it works. Now let's assume GAW goes on the other exchanges and imposes a floor of $20 what will all of you say then? Then you got another point to attack GAW with MARKET MANIPULATION. I'm I correct? Oh yes I'm correct. So GAW does not do this because you people will have another reason to bash them.
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No, what I'm saying is why spend money on exchanges to buy coins? They have enough debits to worry about with the HP->XPY->BTC/USD sell off from their own customers. They need to have the money to support this sell-off from their customers. And by doing so within paybase, they get the same effect from the exchanges that they want without having to buy coins from the exchanges. They can't control the price on the exchange, but they can manipulate behavior a bit by only guaranteeing the $20 via paybase.
Translation: They have no intentions of paying $20 for Paycoins. If they did they would be buying them right now for $5. Example: I am a builder. Let's say I need 100 sheets of plywood for a job next week that I a obligated to do. Today the sheets of plywood are on sale for $5. The sale ends Sunday, and Monday I will have to pay $20 per sheet. Are you REALLY so stupid that you would pay $20 instead of $5?? Do you REALLY not know the difference between $500 and $2,000?? Another product victim of our educational system. Shocking. They don't have to *BUY* any coins. They already have them! Why would would you as a builder go buy cheap plywood when you already have enough for the job? Sure, it's cheap plywood, but all the money you have to buy the cheap plywood is spoken for... to pay the construction guy's salaries for a while. What are you going to tell your contruction guys... sorry, I spent all your salaries on more cheap plywood? The "logic" you are applying here is so ass backwards I do not even know where to start to try to explain it to you. If you do not understand that buying something you must have for $5 instead of $20 is a better business practice I am afraid I will simply never be able to reach you. Kind of like trying to explain to my dog how to knit a sweater. Pretty much a wasted effort. Good luck! Oh, and don't forget to rent more miners!! If my logic is so "ass backwards"... then tell me... Why does GAW have to buy any XPY? They already have the 12 million they need to distribute to prime controllers and haspoint conversion customers. They don't have any more obligation to the price on any exchange other than their own. If you don't understand that, then I guess we are done then. I will try to reach you once more using the most basic terminology that I can, although I know this is most likely a wasted effort. Josh promises that XPY can be sold on Paybase Monday for $20. This means that every coin not currently held by GAW will be snapped up and taken there and sold for $20. This means that $20 for every XPC currently in the wild will be coming out of GAW's bank account. If they were to buy these POW coins right now, they can be bought for $5. The next part gets a little tricky, as it employs basic mathematics. Take a drink of water and try to stay with me here. The estimate is that there will be 500,000 POW coins. Today this 500,000 coins could be purchased @5 each. This equals $2,500,000 Monday, (if there is validity to the $20 buyback promise) these coins will be bought on the exchanges and sold on Paybase for $20 each. This equals $10,000,000. Are you still with me here?? Take a breath, stretch and get ready for the next part, I promise it is the end of this complicated Math. $10,000,000 is more than $2,500,000. This means that if you pay $10,000,000 instead of $2,500,000 you will have $7,500,000 LESS in your bank account Monday. If you still do not understand that having $7,500,000 more in your bank account is better than tossing it in the toilet you will most likely never understand. There. Was that so hard? Make sure you rent as many miners as you can tonight to get "cheap" XPY so you can cash them in for $20 Monday morning! |
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No, what I'm saying is why spend money on exchanges to buy coins? They have enough debits to worry about with the HP->XPY->BTC/USD sell off from their own customers. They need to have the money to support this sell-off from their customers. And by doing so within paybase, they get the same effect from the exchanges that they want without having to buy coins from the exchanges. They can't control the price on the exchange, but they can manipulate behavior a bit by only guaranteeing the $20 via paybase.
Translation: They have no intentions of paying $20 for Paycoins. If they did they would be buying them right now for $5. Example: I am a builder. Let's say I need 100 sheets of plywood for a job next week that I a obligated to do. Today the sheets of plywood are on sale for $5. The sale ends Sunday, and Monday I will have to pay $20 per sheet. Are you REALLY so stupid that you would pay $20 instead of $5?? Do you REALLY not know the difference between $500 and $2,000?? Another product victim of our educational system. Shocking. They don't have to *BUY* any coins. They already have them! Why would would you as a builder go buy cheap plywood when you already have enough for the job? Sure, it's cheap plywood, but all the money you have to buy the cheap plywood is spoken for... to pay the construction guy's salaries for a while. What are you going to tell your contruction guys... sorry, I spent all your salaries on more cheap plywood? The "logic" you are applying here is so ass backwards I do not even know where to start to try to explain it to you. If you do not understand that buying something you must have for $5 instead of $20 is a better business practice I am afraid I will simply never be able to reach you. Kind of like trying to explain to my dog how to knit a sweater. Pretty much a wasted effort. Good luck! Oh, and don't forget to rent more miners!! |
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Look at it this way. Say there will be 500K coins out in circulation by end of POW. And GAW expects another 500K of dumping from customers at paybase. Why would they eat into their own reserves to reward dumpers (GAW is still losing $7 of their reserve per coin to the dumpers)... when they can just buoy their own customer base at the $20 promised? The miner/dumpers will have to take their low sell bids off of the exchanges and take them to paybase to get $20 per coin. Removing the low sell bids from the exchanges can increase the value of the remaining coins on the exchanges.
So you're saying that instead of spending 500x7 = 3.5 million USD to buy up coins now, GAW would rather spend 500 x 20 = 10 million to buy up the same coins later? The only way this could possibly make sense - and someone mentioned that already - if GAW introduced some kind of hold on external deposits, giving priority to HP conversions. But that would screw all those HT pumpers buying up "cheap" coins on coin-swap now. No, what I'm saying is why spend money on exchanges to buy coins? They have enough debits to worry about with the HP->XPY->BTC/USD sell off from their own customers. They need to have the money to support this sell-off from their customers. And by doing so within paybase, they get the same effect from the exchanges that they want without having to buy coins from the exchanges. They can't control the price on the exchange, but they can manipulate behavior a bit by only guaranteeing the $20 via paybase. Translation: They have no intentions of paying $20 for Paycoins. If they did they would be buying them right now for $5. Example: I am a builder. Let's say I need 100 sheets of plywood for a job next week that I a obligated to do. Today the sheets of plywood are on sale for $5. The sale ends Sunday, and Monday I will have to pay $20 per sheet. Are you REALLY so stupid that you would pay $20 instead of $5?? Do you REALLY not know the difference between $500 and $2,000?? Another product victim of our educational system. Shocking. Again: The difference between stealing candy from a baby and what Josh is doing to his followers is that a baby has enough brains to cry when someone steals his lollipop. |
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I have no doubt that you do not understand what I am saying, that is quite obvious. The entire Paycoin mining system is in essence a single pool controlled by GAW, which is the primary coin holder. It does not matter what fancy catch phrases are used to describe it. I'd have to disagree with you here. During POW, you can mine your coins into existence using any pool you choose into your own personal wallet. All of this is outside GAW's control. During POS, you are free to stake your coins in your own personal wallet, which is also outside GAW's control. Thanks for pointing that out Sherlock. You think maybe I knew that since I am renting miners? Maybe you should scan back a page and see where this was already discussed. Also: Better hurry up and rent some more miners, the clock is ticking down!  Got.. To.. Stay.. Awake.... Little... Longer...Must... trade... entire... future... for... promises.. by.... guy.. with... vest.... |
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I would like to know if GAW is going to ask for personal information how are they going to protect it. They Still have said nothing about that.
Jimmothy - Thanks for bringing up the MSB also. No one on HT has gave me a straight answer yet as to who they are doing business as.
Why, after they have every bit of data necessary to steal your identity they will of course lock it up in one of these cute little buggers:  These are very secure and there is an infinite amount of storage room in them even though they will be stuffed with Staked Paycoins, because they are completely imaginary and are actually just CAD renderings. You can't break in to something that does not exist right? See, Josh has the security issue all figured out. Go ahead and send your SSN and scan of Driver's License, Bank Numbers, Mothers Maiden Name, etc etc. No worries! Again: The difference between what Josh is doing and stealing candy from a baby is that a baby has the common sense to cry when you steal his lollypop. |
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What part of the XPY plan uses Federal Reserve Notes as the primary exchange medium and therefore supports the current utterly corrupt Banking System do you not understand?
Idiocracy in action folks.
GAW is trying to build value All most all Crypto-currency has gained legitimacy from Fiat currencies. How would you build value in a coin? Maybe like XGR or GLD. They always get mined and dumped for whatever reserve there is until they're devoid of value. GAW has a decent, not perfect system to attempt to retain the value through the mine and dumpers. Make up your mind. Do you want to support the current system, or not? You do not get to have it both ways. Paycoin/Paybase is intertwined with the current system and is 100% reliant upon it. . Most other crypto currencies are not. Very simple. |
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@eightcylinders I pray you; Is that not how most money exchanges hands? "man in middle" being Visa, Mastercard, Amex, Discover, Chase, IBLC, etc. When paypal launched I was unaware of a merchant specific platform. Outside the companies before it, Confinity and X.com
I would certainly say Ebay forced paypal on me as much as GAW is forcing XPY on you. Use it if you want the service, don't if you don't. Have you ready either of their terms of service lately? Its an atrocity. And whether XPY is the answer or not remains unseen. But it needs a chance so we can get away from banks taking 10% compounded yearly from all people of the world. Over 98% of the worlds wealth resides in the hands of less than 2% of the population. If it doesn't work, then we need to build on its successes and failures in the future to make a successful coin that will... I will try to be party to it as well.
The XPY/Paybase plan uses Federal Reserve Notes as the primary exchange medium and therefore supports the current utterly corrupt Banking System. PERIOD. End of story. What part of this do you not understand? Idiocracy in action folks. |
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They are not eating into the reserve by buying off exchange. According to them they have millions of dollars so that they can give everyone $20 for a paycoin. If they give someone $7 for a paycoin they have $13 to keep, put back into the pool, give to the investors, set on fire, whatever. Every coin they buy for less than 20 bucks gives them more money. It's not that complicated. If I offered to give you a dollar bill if you gave me a quarter how would that eat into your reserve at all? Same thing here.
They will never get it. Can you imagine playing poker with these GAWspellers? It would be like John Candy teaching the rube to play poker in Stripes.  OK, First, you put in $20, and then me, I put in $7, because ya see, they are actually the same thing. Oh, and these three aces and two deuces you have are not worth anything, because ya see, I have a Queen, and boy is she pretty. Looks like I win again! |
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Gaw did not, or does not now hold a 100% of the hashing power in the pool,one of the reasons the coin forked was that people were throwing so much power at the pool it overtook Gaw and caused a fork
Umm, that ends tomorrow Einstein. After that they will indeed control 100% of the "pool" hashing power. I am more convinced that Idiocracy is upon us every time I read one of these posts written by someone who is completely oblivious to what is going on, yet is convinced they are Wile E Coyote, Super Genius. Oh, and to get the honor of being able to mine in this pool , all you have to do is buy one of these and "stick coins in it". for a long period of time. Never mind that these cute little machines are nothing more than a fancy CAD rendering and do not actually exist. |
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I have no doubt that you do not understand what I am saying, that is quite obvious. The entire Paycoin mining system is in essence a single pool controlled by GAW, which is the primary coin holder. It does not matter what fancy catch phrases are used to describe it.
The difference between what Josh is doing and stealing candy from a baby is that a baby will cry when the Grinch steals his lollipop. Those under the GAWspell will stick up for the Grinch.
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And yet you are buying into a pool where the people holding the majority of the coins control 100% of the hashing power. Forever. I guess it's true: You can lead a horse to water, but good luck getting him to THINK.
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With this fancy Paycoin Plugin will people be able to convert Paycoin into fiat and buy Bitcoin from my listing on Ebay!? GAWsome!  |
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News: XPY again available for only $20 direct from the Paycoin site! Get em while their hot GAWspell Believers!  Last night on the Tinychat session Josh remarked about "Selling all of the Paycoins they could @ $20 " and had to remove the offer . I asked him this:  I watched him read it and instantly smirk and start giggling uncontrollably. Seconds later he bailed from the conversation.  Sometimes it can be hard, even for a really professional and hardened Con-Man, to not laugh about the people he is fooling. |
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