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

[dave01]

Brilliant
How the fuck      did you com e up with that

I've got a brain Dave.

Well use it then

[dave01]

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.

I got to ask you now
What are you smoking?
You cannot grasp simple concepts
Are you a monkey?

[DaveWave]

Well use it then

Obviously I did, cos I came up with it.

But stay on topic Dave, the price did not go up today because more people believe in Paycoin today then yesterday which I think is what you are implying.

[bumpershot]

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.

[dave01]

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.

I got to ask you now
What are you smoking?
You cannot grasp simple concepts
Are you a monkey?

[Paul Revere]

Mathematics, Dave. Learn it. Love it. Live it. Or, just continue to be an absolute moron, your choice. 

[dave01]

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

[strangerdanger101]

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?

RETAR...RD

You shouldn't throw stones from your glass house 

[dave01]

Mathematics, Dave. Learn it. Love it. Live it. Or, just continue to be an absolute moron, your choice. 

Read the thread
everyone knows who the moron is now
Please tell me how old are you?

[Paul Revere]

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?

[HashieNewb]

Brilliant
How the fuck      did you com e up with that

I've got a brain Dave.

Well use it then

the laughs just keep coming. I remember why I didn't ignore you .... comedy gold.
thanks for the brilliantly retarded haiku-like responses, but haven't you derailed this thread long enough ?

[dave01]

No
i am just gonna leave you to it
Read it back yourself

[owlcatz]

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-activity

Do you get it yet? It's a scam, man, wake up already your wasting our time, and making us all dumber for having to read your idiocy.  

[dave01]

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-activity

Do you get it yet? It's a scam, man, wake up already your wasting our time. 

Oh yeah thanks for that

[bananafana]

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-activity

Do 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/contributors

You 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.

EDIT: You can also click through to see what that most recent development consists of. It turns off the checkpoint warning; someone earlier posted that it does this by turning off checkpointing entirely. It updates some version numbers and stuff like that. Nothing of any real significance whatsoever.

"It isn't finished yet" LOL

[owlcatz]

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-activity

Do 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/contributors

You 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.

Yeah I almost posted that instead, but I figured I should really DUMB it down.  

[Paul Revere]

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-activity

Do 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/contributors

You 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.

[kken01]

does anyone know how Mr. Ganza fucked up his wallet software?
sometimes it gets wrong size for the blockchain (last start showed 12k blocks total)
it seems that it downloads 400-800 blocks per restart of the software. im finally at 10k out of the 70k 

i was thinking of doing some data visualizing of their blockchain but omg its gonna take ages to get it

1 example from debug log:

Code:

sending getdata: block 92fb4d7f26136c46af63
sending getdata: block 556f124c00696c17e411
received block 556f124c00696c17e411
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 556f124c00696c17e41147a80d30c84589979cbc8e37946d1d49b9f6a874744e
received block 92fb4d7f26136c46af63
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 92fb4d7f26136c46af63a56007232c393710d767fbff966ab1f15c9900e8a188
sending getdata: block 99024dd69103555edff0
received block 99024dd69103555edff0
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 99024dd69103555edff051116bb3307230552c7903c0b37115a6f815e6ba16cc
sending getdata: block 32da1c6c99a59b4cf16e
received block 32da1c6c99a59b4cf16e
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 32da1c6c99a59b4cf16e22103b0b8969900a492641a8dcdfc0d90038f3ac8879

askfor tx 729fcda7684eb3c84b1b   0
sending getdata: tx 729fcda7684eb3c84b1b
askfor tx 729fcda7684eb3c84b1b   1424126730000000
sending getdata: block faa8e7b8f63fe1687157
ERROR: FetchInputs() : 729fcda768 mempool Tx prev not found 7827c61f65
ERROR: CTxMemPool::accept() : FetchInputs failed 729fcda768

it keeps repeating the same errors in a pattern until restart, then off we go with another set of blocks & errors

[Paul Revere]

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/$!)  

[kken01]

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/$!)  

aha makes sense 

if xpy could survive so the blockchain grows in size (i guess current size is about 300mb) by even 10x to 3gb. it would be insanely frustrating for non-tech savvy people to get it. didnt they advertise poopcoin as a coin for general public & mainstream 
average 500 blocks per restart, everytime waiting for index loading, connecting to nodes...

guess il have to use linux client and make a bash script for restarting the shit after 2 of those errors