GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)

[suchmoon]

The glaring failure to address the hyperinflation issue is probably the most ludicrous part of that blog entry:

crafting the mechanisms to ensure the market did not grow faster than the rate of adoption

How?

[bumpershot]

The glaring failure to address the hyperinflation issue is probably the most ludicrous part of that blog entry:

crafting the mechanisms to ensure the market did not grow faster than the rate of adoption

How?

By having one company control almost the entire supply. Then GAW can sell the coins at a measured rate.

[ikeboy]

The glaring failure to address the hyperinflation issue is probably the most ludicrous part of that blog entry:

crafting the mechanisms to ensure the market did not grow faster than the rate of adoption

How?

Staking is not working right now for primes anyway, so maybe they don't plan on using the hyperinflation and it's only for "emergencies"? We don't actually see them doing it.

[ikeboy]

In the end, however, we know that the marketplace controls the price of the coin . . . but when enough people come together, and when that scenario seems very much achievable, the $20 valuation is quite fair.

Yeah, but unfortunately for paycoin

https://d262ilb51hltx0.cloudfront.net/max/800/1*j5FClYGJtF7zI-SQwIg74g.png

The EMH has been disproven time and time again. Markets can be manipulated.

[galdur]

In the end, however, we know that the marketplace controls the price of the coin . . . but when enough people come together, and when that scenario seems very much achievable, the $20 valuation is quite fair.

Yeah, but unfortunately for paycoin

The EMH has been disproven time and time again. Markets can be manipulated.

Only for so long.

[suchmoon]

The glaring failure to address the hyperinflation issue is probably the most ludicrous part of that blog entry:

crafting the mechanisms to ensure the market did not grow faster than the rate of adoption

How?

By having one company control almost the entire supply. Then GAW can sell the coins at a measured rate.

This could perhaps work if they weren't paying out 20k+ daily via HashStakers, not to mention they would need to buy back Hashpoint conversions, 60% of all coins according to them.

Staking is not working right now for primes anyway, so maybe they don't plan on using the hyperinflation and it's only for "emergencies"? We don't actually see them doing it.

I think "emergencies" would be even worse than constant inflation, how can someone trust an arrangement like that?

And the reason it doesn't work looks to be a bug, which they are trying to fix with their "tests" on a live network. Doesn't seem to be any "emergency" switches there.

[galdur]

These market manipulation theories come from people who are overly

in love with their investments and what they recommend other people

to invest in and refuse to face the real reasons why said investments

fail to perform.

[vancefox]

I don't know what wallet you're looking at... there's a prime but not a prime wallet (https://chainz.cryptoid.info/xpy/address.dws?119166.htm) that's staking very nicely above the normal 5%...

over 5,500 XPY generated through staking to date (first deposit 1/3/15 01:25:34).

I guess they're still testing...

EDIT:  Oh, and the amount seems to be compounding... like the code says it will... imagine that... the code says it's compounding .96 daily and it is!!!!!!!!

[truth_]

These market manipulation theories come from people who are overly

in love with their investments and what they recommend other people

to invest in and refuse to face the real reasons why said investments

fail to perform.

Definitely.  I have invested in several alt coins over the past year and have heard the same thing over and over again.
"Whales are keeping the price low so they can accumulate"
"Somebody is dumping purposely just because they want to ruin (insert coin name here)"

Those are just two of my favorites.

[interstellar]

Has this been posted already??

http://www.coindesk.com/gaw-miners-paycoin-disappearing-20-floor/

Great article.

Out of all the users on this thread, Dekay gets a link, lmfao.

[WaffleMaster]

Has this been posted already??

http://www.coindesk.com/gaw-miners-paycoin-disappearing-20-floor/

Great article.

Out of all the users on this thread, Dekay gets a link, lmfao.

Wow nice article. Coindesk is my most highly regarded crypto news source. I don't read much anymore, but damn those are some nice picture evidence and wording they have. RIP Gawminers.

[puwaha]

Paragraph after paragraph of nothingness... to ultimately end up with this:

In the end, however, we know that the marketplace controls the price of the coin . . . but when enough people come together, and when that scenario seems very much achievable, the $20 valuation is quite fair.

The underlined part is their really poor attempt at an excuse.  And it's not true if they have funds to support a coin buy-back.

The bolded part is just more nonsense to say that they will not honor a floor that they specifically said they would.


All of the blog post is just a big dance around the issue.  They didn't provide any technical reasons why they couldn't support a floor,

https://blog.paybase.com/paycoin-and-the-20-base-an-overview/

[WaffleMaster]

Paragraph after paragraph of nothingness... to ultimately end up with this:

In the end, however, we know that the marketplace controls the price of the coin . . . but when enough people come together, and when that scenario seems very much achievable, the $20 valuation is quite fair.

The underlined part is their really poor attempt at an excuse.  And it's not true if they have funds to support a coin buy-back.

The bolded part is just more nonsense to say that they will not honor a floor that they specifically said they would.


All of the blog post is just a big dance around the issue.  They didn't provide any technical reasons why they couldn't support a floor,

https://blog.paybase.com/paycoin-and-the-20-base-an-overview/

Well, thanks for turning to logic puwaha. Not too long ago you were once considered a shill. You have now transcended your previous form and accumulated a degree of truth. Congrats puwaha. Good to have you in the free thinker's area.

[interstellar]

Paragraph after paragraph of nothingness... to ultimately end up with this:

In the end, however, we know that the marketplace controls the price of the coin . . . but when enough people come together, and when that scenario seems very much achievable, the $20 valuation is quite fair.

The underlined part is their really poor attempt at an excuse.  And it's not true if they have funds to support a coin buy-back.

The bolded part is just more nonsense to say that they will not honor a floor that they specifically said they would.


All of the blog post is just a big dance around the issue.  They didn't provide any technical reasons why they couldn't support a floor,

https://blog.paybase.com/paycoin-and-the-20-base-an-overview/

official term: gobbledygook
https://en.wikipedia.org/wiki/Gibberish

[rokkyroad]

From Paybase blog:   https://blog.paybase.com/paycoin-and-the-20-base-an-overview/

"More importantly, we stand behind Paycoin – and we seek to uphold the promises we make."

Change "make" to made and we are making progress.

[puwaha]

Well, thanks for turning to logic puwaha. Not too long ago you were once considered a shill. You have now transcended your previous form and accumulated a degree of truth. Congrats puwaha. Good to have you in the free thinker's area.

My attitude soured once the "floor" lie came true.  The waffling (pun intended just for your screen name) since then is just irritating to me now.  Trying to use CFTC and "market manipulation" as a reason they couldn't support a floor was just more lies, or a complete lack of understanding concerning what they were getting into.

As I tell people on HT... It's exactly like those late night commercials you see where some pawn shop says "We will buy your gold for higher prices than anyone else in town!".  That's not illegal... that's free market.  Most importantly... for it to qualify as manipulation... it has to harm someone. No one is being harmed by getting more value from their coin by dealing in paybase versus some other exchange.

[ikeboy]

In the end, however, we know that the marketplace controls the price of the coin . . . but when enough people come together, and when that scenario seems very much achievable, the $20 valuation is quite fair.

Yeah, but unfortunately for paycoin

https://d262ilb51hltx0.cloudfront.net/max/800/1*j5FClYGJtF7zI-SQwIg74g.png

The EMH has been disproven time and time again. Markets can be manipulated.

Only for so long.

Warren Buffett disproves the EMH, over a very long period of time. Markets are not rational or efficient.

[suchmoon]

I don't know what wallet you're looking at... there's a prime but not a prime wallet (https://chainz.cryptoid.info/xpy/address.dws?119166.htm) that's staking very nicely above the normal 5%...

over 5,500 XPY generated through staking to date (first deposit 1/3/15 01:25:34).

I guess they're still testing...

EDIT:  Oh, and the amount seems to be compounding... like the code says it will... imagine that... the code says it's compounding .96 daily and it is!!!!!!!!

At least the coins are not moving... so we still hope they'll burn them, don't we?

https://hashtalk.org/topic/27942/prime-controller-stake-rate-3170/21

jmordica

I'll of course be destroying the staked coins on the test node

There will be no foul play here and there is no reason to assume there would be.

Thanks!

[suchmoon]

Has this been posted already??

http://www.coindesk.com/gaw-miners-paycoin-disappearing-20-floor/

Great article.

Out of all the users on this thread, Dekay gets a link, lmfao.

Good. Somewhat mild on the disposal of evidence - "thread linked above is currently unavailable"  - making those posts "unavailable" is a red flag potentially larger than the rest of the article, but time will come for that too I think.

Otherwise some decent journalism for a change.

[pd62512005]

Well, thanks for turning to logic puwaha. Not too long ago you were once considered a shill. You have now transcended your previous form and accumulated a degree of truth. Congrats puwaha. Good to have you in the free thinker's area.

My attitude soured once the "floor" lie came true.  The waffling (pun intended just for your screen name) since then is just irritating to me now.  Trying to use CFTC and "market manipulation" as a reason they couldn't support a floor was just more lies, or a complete lack of understanding concerning what they were getting into.

As I tell people on HT... It's exactly like those late night commercials you see where some pawn shop says "We will buy your gold for higher prices than anyone else in town!".  That's not illegal... that's free market.  Most importantly... for it to qualify as manipulation... it has to harm someone. No one is being harmed by getting more value from their coin by dealing in paybase versus some other exchange.

Came true? You mean all the people that wanted a scam created one by selling something intended for trade, they are the scammers.

Or is it just to be the bully knocking over some one else's sandcastle because yours sucks?

Every coin that has came out has been turned to shit by pump and dump scammers. Why is litecoin crap now? Why is Dogecoin so devoid of value now? Its very pathetic. Last year there was less than 130 "altcoins". Now there is over 500. And everyone of them is more of a scam than anything GAW did.

There was no lie about a floor. They did honor that. Then they stopped.