Is PayBase down right now? I've been trying for about that last hour, and keep getting the following. I also tried from a VPN I have, and it is down from there as well.  |
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So is this false advertising?  Seeing as how 99% of those merchants (those listed plus the 10,000+) are not active, and the one that is doesn't work, this "advertisement" is false. No? |
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Is it just me, or did the article cut off in the middle?  Edit: Or i'm just a tard. That last bit was a question for the reader, not Josh. |
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Its so broken, i didnt just convert XPY to BTC  Is that BTC in a wallet not owned by GAW? Is it real BTC or GAWBTC? |
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Just wondering if anyone actually knows anybody that plans to use paybase for anything, outside of the obvious flock on HT? I sure don't. So to me it just seems like a pretty small very selective audience. So how can a coin or concept succeed with such a small base of users. And many of which I'm sure just want to sell their PYC. Can't see it getting very far.
Same could be said of Bitcoin outside of THIS forum. Not one single person in my extended family or my friends use,buy, or trade bitcoins. And judging by 2014, neither does anyone else really... Where as you have a point, that is the point, so why would we even remotely need another coin that really offers nothing more than BTC can do.... besides, BTC has a massively greater acceptance already and core development, and so forth. There just is really nothing much to write home about with paycoin. I still say its just another alt coin, that will never be BTC no matter how hard Josh try's, and will in fact fade away into the sunset with all the other coins. Albeit, he and many others will make money before that occurs. A year from now there won't be much to talk about, except remember paycoin?  Beats me. But clearly Bitcoin isn't working. People don't use it. The general public has either ignorance or apathy towards it. How is that going to change? Or is it? Based on what? Your anecdotal evidence? I think the fact that a couple hundred million in venture capital, plus the fact that now 10+ BILLION dollar companies accept Bitcoin directly, begs to differ. But what do I know. BitPay just sponsored a college football bowl game, and aired two commercials on TV. I guess they didn't get the memo... |
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Something I don't get, and GAW keeps advertising: Avoid Network Fees
PayBase allows you to send and receive payments without owning or using a credit card. That means you bypass costly credit card networks and save money on every transaction you make.
As a consumer, what network fees am I avoiding? Isn't that the merchant which would avoid credit card network fees? Or is the implication that the merchant is passing on the savings of not dealing with a credit card? Since Target/Amazon/Walmart are not directly accepting Paycoin, and I doubt that GAW as a middle man is writing them checks or mailing them cash, how is the merchant saving anything that can be passed on to me? Im just not getting this. Perhaps it works like credit cards rewards? If you use it with a legacy debit card, than gaw gets the old 5% and can pass some on to you. Does that make sense? Then advertise it as such? They are claiming to avoid credit card network fees, not give me rewards, or discount my purchase based on loyalty. But the way rewards works, typically, is that the bank offering you the credit card is paying you because of a combination of the fees they collect + the APR on the credit card (with the expectation that most people carry a balance). If this is a rewards style type of thing, then GAW is giving away money, as they are not collecting a transaction fee (as expressed in their marketing materials), and there is no balance carry over on which they can collect interest. So I still don't get it. |
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Something I don't get, and GAW keeps advertising: Avoid Network Fees
PayBase allows you to send and receive payments without owning or using a credit card. That means you bypass costly credit card networks and save money on every transaction you make.
As a consumer, what network fees am I avoiding? Isn't that the merchant which would avoid credit card network fees? Or is the implication that the merchant is passing on the savings of not dealing with a credit card? Since Target/Amazon/Walmart are not directly accepting Paycoin, and I doubt that GAW as a middle man is writing them checks or mailing them cash, how is the merchant saving anything that can be passed on to me? Im just not getting this. |
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So was the hashie account here hacked, or is he just trolling at this point? and what of bbit? Does it matter, you're still fuct. Nah, I got out months ago because of what some others had posted here about payments coming from depositors accounts, etc. I just followed a link in another thread and saw this all coming down and wanted to check it out. It really doesn't matter if he is trolling or not I guess. Just wonder how much of a dick the guy is. In all honesty, since it's over and money is lost, people should just ignore this ARG all together. If everyone just dropped out of this ARG, didn't join the chat, or post to his "forum", you'd take away his ability to have fun. |
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Wtf is this? Homero wants to charge for paybase and then if you don't sell your paycoins he may give you free access!? Only giving out 10000 free premier accounts...LMFAO. https://hashtalk.org/topic/26271/paybase-beta-is-nearOnly this scammer could concoct such a lame plan. Oh and so this is the beta. So there was no beta before this. Wasn't it claimed there was a beta. I know nobody cares cause the lie count is off the charts at this point. Beta was for HashBase. http://hashbase.com used to show some junk content and a email spam link. Now it just says: It works!
This is the default web page for this server.
The web server software is running but no content has been added, yet.
I'm guessing when GAW chose to pivot from mining to payment processing, they dropped the whole hashbase and pushed forward with paybase. God only knows if there ever really was a beta of hashbase. |
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So was the hashie account here hacked, or is he just trolling at this point? and what of bbit? |
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There is no way to synchronize time in a trustless way so timestamps don't mean a lot. One of the miners probably has their time set incorrectly.
The block height is the "order" that the blocks are found. It is impossible for that to be "out of order", since that defines the order.
The timestamps are set by the miner, and can be off by as much as a couple of hours depending on various factors.
Therefore, the timestamps just give a general idea of when the block was solved. It is sufficient for determining the new difficulty after 2016 blocks, but isn't usefull for determining exactly when a block was first broadcast.
Thanks! The thread title was poor, should have said something like block timestamps out of order. I knew that the height was the correct order (like a linked-list, right?). The timestamps were throwing me off. I was assuming the timestamp was being relayed in UTC from all the nodes when the block was found. But I guess it makes sense that any given miner (or pool) could have a bogus time settings causing issues. I appreciate the quick answers to my question! if only this forum allowed tipping... |
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It did work out for anyone who mined their "coupons." Open your eyes.
So are you saying that everyone (100%) that mined hashpoints is going to come out ahead? Or do you think it will be 90%? 50%? Side question, i've seen people here mention that as long as XPY stays north of $4.00, people that mined hashpoints will break even. What is this based on, GAWs comment that 1 hashpoint is worth $0.01 and 400 hashpoints traded for 1 XPY? Couldn't GAW just as easily have claimed that 1 hashpoint was worth $0.02? Or $1? What made it worth anything? I guess with all other "pools" paying out 1 satoshi, there wasn't much choice, but I just wonder why the $4/XPY is a magical breakeven point? |
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I'm probably just missing something completely obvious, but why is it that blocks are being found what looks like out of order?  If you look at the image I took from a block explorer, how was block 336404 found before 336403? Same thing happened with blocks 336402 and 336401. |
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Guess he stepped a bit ahead of himself when he said:  Based on his ability to make pre-announcements, I wonder if then he really means 2016...  |
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I'm confused. They list Overstock as using GoCoin. Pretty sure they use CoinBase. I can't find anything saying they use GoCoin.
Is GAW posturing a bit about what merchants accept GoCoin. They state 10,000, however I don't see that number quoted on GoCoins website.
You'd think if GoCoin was supporting tigerdirect, overstock, etc, they'd mention that instead of KNC...
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It has been all BTC until now, ZenCloud never operated in USD, except hashlet pricing was shown in USD, but the actual transactions were always BTC.
I'm pretty sure I bought my Primes (back at $16) and Genesis (right before they gave everyone the 50% bonus) "miners" with my credit card from GAWminers. Gawminers - yes, they do credit cards and USD, but they sell you an activation code, which you use on ZenCloud. Inside ZenCloud it's BTC only, e.g. there is no actual conversion between BTC and USD, or withdrawals/deposits in USD - nothing that would require KYC. You don't think that is splitting hairs? What would stop a company from allowing you to buy a "voucher" for BTC with USD or a credit card on one of their websites, and then you take that voucher to another site (which just so happens to be owned by the same company) and can exchange it for BTC to avoid KYC? |
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It has been all BTC until now, ZenCloud never operated in USD, except hashlet pricing was shown in USD, but the actual transactions were always BTC.
I'm pretty sure I bought my Primes (back at $16) and Genesis (right before they gave everyone the 50% bonus) "miners" with my credit card from GAWminers. |
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Just out of curiosity, has anyone traced the pre-mined XPY? I know that someone followed it early on, and saw that it had split out a few times, but has anyone followed it further to see where it has gone. I wonder if any of it has gone to coin-swap...
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They allow us to do this, as long we don’t do advertising with their names.
This is the most interesting of the bunch, given the coinfire context. Obviously the whole plugin idea with HTML injection is very fragile, and certainly not scalable to "hundreds of thousands" of merchants, so that's probably going to be covered by the debit card. Why bother with the plugin? Discounts? Is Amazon really going to give GAW a discount for paying with... what exactly? How is Amazon getting the cash? My guess is it will be just like with Hashlets - "always profitable" and "maintenance fees that go down over time." It is a promise something he **hopes** will be true in the future. Once Amazon comes around and agrees to do a deal with King Garza, THEN the savings can (maybe) get passed (in part) to the consumer... I doubt that will be on day one. I'd guess "never". Given how hell-bent Amazon is on maintaining its own full stack (everything from warehouses full of Chinese trinkets to digital content to fresh produce to phones and tablets to cloud computing to - yes, payment processing) there's a snowball's chance in hell they would partner with a third party for something like this. So they might let it slide while it's not worth the attention of their "legal teams" but I think this is very very thin ice. Not sure about Walmart and others, maybe there's a niche somewhere. FYI, but Amazon does extensive analytics around everything that shows up on their website (from every single link, to text, image, product, etc). Everything is placed in a certain place and for a certain reason. Someone messing with their site and html is probably not something they'd be too happy with. You can be damn sure that if they catch wind of this, and they arn't happy (takes away Prime revenue, causes more support calls, etc) they break it in a second. Edit: thinking about this some more, this "plugin" is going to break some of the tracking and order data Amazon will be able to have on customers if the plugin doesn't work with Amazon accounts (items don't show up under Your Orders, etc). I'd guess Amazon will really not be happy about losing those data points. |
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Didn't something similar happen with AuroraCoin? Around launch, and for a little while, it was the number 2 or 3 coin in terms of market cap. It fell hard, and now is pretty much worthless. I think looking at something for one day, while exciting, is hardly a fair way of measuring market cap. Lets see where things lay in 1 week, 1 month, and then 1 year. I'll bet that it is nowhere close to where it sits right now. |
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