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

[qwerty555]

snip

I am curious about what exactly has happened. My knowledge of how this coin actually functions is pretty limited, so perhaps someone can explain how the staking stopped and then when it started again it appears to have had a retroactive effect, catching up with at least some of the lost staking. Does this require monkeying with the code? Can somebody at GAW just type this into a spreadsheet to make it happen?  This graph section shows the "catchup" staking a bit more clearly.


200,000 XPY created in a single day? Couldn't possibly be an inflation issue....

Basically, there's a set staking rate, higher for primes, but set. In order to "claim" it, you need to "stake" a block, and then send the stakes to your address.

But this doesn't have to be done every day, it expires eventually but otherwise adds up. So if I've got 100,000 coins earning 1% every day, I could do nothing for 25 days, then mine a single block with 25,000 coins in it, or something like that.

I believe it "caps" over 30 days, but I'm not sure.

The point is that the potential for staking is always there, but you need to do a tiny bit of work to "claim" it.

Re Prime controllers  can anyone enlighten me  This is what I have read in various posts

there are 50 Prime controllers ( or 51?)

15 are hosted by the paycoin foundation  does that mean owned?

At least 1 is owned by Adam Matlack  do we know what/if he paid for that?

TeamXPY has been "given " some  . Are they the same as those 15  hosted by the foundation and how many exactly and what is the consideration?

30 or 35 are owned and or managed by Gaw  which is correct?

Those owned or managed by GAW receive a rate of 350% per annum it may be all or only some

Some prime controllers only receive 10% per annum

Some are not yet turned on and therefore receive nothing  ( true or false)

How can we identify the total numer of prime controllers?

How can we identify how many are turned on?

How can we identify what rate each one gets?

The income for the Prime controllers is paid daily?

does that income go to the same address which can be seen as the coins in that address will increase or a different address?

the 125,000 coins for each address are "locked" for 6 months but the income can be moved/cashed/spent how can those 125k be locked if others can be moved if they are in the same address.

which addresses , if any, are moving income to exchanges for dumping?

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[-Redacted-]

The rate is wrong.  It's not 350% per year, it's 1% per day compounded = 3500% return per annum.  Now THAT'S hyperinflation.

[strangerdanger101]

MOTHER.FUCKER

[qwerty555]

The rate is wrong.  It's not 350% per year, it's 1% per day compounded = 3500% return per annum.  Now THAT'S hyperinflation.

lol that certainly is but

a) it was supposed to be 350% (which for me is also hyper inflation) and they allegedly are trying to fix that issue of the error of the compounding effect.

b ) In December there were 12.5 M coins and now there are 14 M so thats an increase of 750,000 per month or approx 5% -6% per month when averaged out. The increase is unequally divided and the Prime controllers appear to be receiving an (overly) disproportianate share

c) 4.38 million coins are staking or 31% as per extraction list. what is the meaning of staking addresses ?( 378 today)

     https://chainz.cryptoid.info/xpy/#!extraction

[suchmoon]

Re Prime controllers  can anyone enlighten me  This is what I have read in various posts

there are 50 Prime controllers ( or 51?)

15 are hosted by the paycoin foundation  does that mean owned?

At least 1 is owned by Adam Matlack  do we know what/if he paid for that?

TeamXPY has been "given " some  . Are they the same as those 15  hosted by the foundation and how many exactly and what is the consideration?

30 or 35 are owned and or managed by Gaw  which is correct?

Those owned or managed by GAW receive a rate of 350% per annum it may be all or only some

Some prime controllers only receive 10% per annum

Some are not yet turned on and therefore receive nothing  ( true or false)

How can we identify the total numer of prime controllers?

How can we identify how many are turned on?

How can we identify what rate each one gets?

The income for the Prime controllers is paid daily?

does that income go to the same address which can be seen as the coins in that address will increase or a different address?

the 125,000 coins for each address are "locked" for 6 months but the income can be moved/cashed/spent how can those 125k be locked if others can be moved if they are in the same address.

which addresses , if any, are moving income to exchanges for dumping?

Let me fill in what I know or at least I think I know. Mr.Matlack claimed on GH that he personally owns 1 controller and 15 are "hosted" by the Foundation. I asked to clarify what "hosted" means exactly, e.g. who controls which private keys, but I don't yet have an answer to that.

There is no way to know for sure which wallets are tied to controllers, if that's what you're asking. But you can look at the largest wallets: https://chainz.cryptoid.info/xpy/#!wallets

The ones around 150k or so could be prime controllers. Then you can see if they are staking by looking at their transactions, and figure out the approximate stake rate from that, e.g.: https://chainz.cryptoid.info/xpy/address.dws?232449.htm

The stake as you can see goes to the same address. If it stays there then staking will compound resulting in ~3000% APY. GAW were supposed to move the staking proceeds out manually to avoid compounding but I'm not sure that's happening.

[suchmoon]

The rate is wrong.  It's not 350% per year, it's 1% per day compounded = 3500% return per annum.  Now THAT'S hyperinflation.

lol that certainly is but

a) it was supposed to be 350% (which for me is also hyper inflation) and they allegedly are trying to fix that issue of the error of the compounding effect.

b ) In December there were 12.5 M coins and now there are 14 M so thats an increase of 750,000 per month or approx 5% -6% per month when averaged out. The increase is unequally divided and the Prime controllers appear to be receiving an (overly) disproportianate share

Keep in mind that Prime Controllers did not stake at all for about a month due to some issues. So the inflation is higher than 5-6% per month and yes, PCs are getting a lot more than that.

[qwerty555]

Ok thanks 

There in way to know for sure which wallets are tied to controllers, if that's what you're asking. But you can look at the largest wallets: https://chainz.cryptoid.info/xpy/#!wallets

I was hoping that had already been done...I will take a look and see if looking at the top 100 addresses will give some answers.

[vabchgent]

MOTHER.FUCKER

Okay not like you to go ICBM . Whats up

[suchmoon]

Ok thanks 

There is no way to know for sure which wallets are tied to controllers, if that's what you're asking. But you can look at the largest wallets: https://chainz.cryptoid.info/xpy/#!wallets

I was hoping that had already been done...I will take a look and see if looking at the top 100 addresses will give some answers.

Sorry, spelling error there.

Coins are moving around all the time, so there isn't a fixed list as far as I know.

[vancefox]

If you look in the raw data of the transaction on the blockchain you can see if it is a "prime" and which one it is.



**EDIT**  Guess GAW didn't know that the blockchain required every bit of raw data to be public...  or maybe they did and just didn't care...

[vancefox]

Ok thanks 

There is no way to know for sure which wallets are tied to controllers, if that's what you're asking. But you can look at the largest wallets: https://chainz.cryptoid.info/xpy/#!wallets

I was hoping that had already been done...I will take a look and see if looking at the top 100 addresses will give some answers.

Sorry, spelling error there.

Coins are moving around all the time, so there isn't a fixed list as far as I know.

Coins are being manually moved around, as we're told, to prevent the already proven (and way before they all of a sudden had the epiphany of the "error" in the code) extreme hyperinflation beyond the extreme hyperinflation that was originally designed for the coin's "prime" wallets.

[jssca_grza]

LaVerdad seems like hes trying to rope joe into all this even tho hes long gone? hmmm seems like misdirection

lolz, know whats even more interesting than garbage between joe and josh? little miss peppermint

https://www.anonimg.com/img/dabfb2d6f14a1f18f1b5278fb95c7ce9.jpg

not sure how you all missed that one in the google groups bonanza... theres a few like that

as homero would say, muaaaaahhhhhhhhh (grinning)


http://blogs.edweek.org/edweek/the_startup_blog/assets_c/2014/02/a78ae76da19c1a0f9e0e9b2f7e6229e70bd36cf7bc5b2f29b5f8900face50234%5B1%5D-thumb-autox384-6965.jpg

[coinits]

LaVerdad seems like hes trying to rope joe into all this even tho hes long gone? hmmm seems like misdirection

lolz, know whats even more interesting than garbage between joe and josh? little miss peppermint

https://www.anonimg.com/img/dabfb2d6f14a1f18f1b5278fb95c7ce9.jpg

not sure how you all missed that one in the google groups bonanza... theres a few like that

as homero would say, muaaaaahhhhhhhhh (grinning)

Shut up and show us your tits!

[msarro]

LaVerdad seems like hes trying to rope joe into all this even tho hes long gone? hmmm seems like misdirection

lolz, know whats even more interesting than garbage between joe and josh? little miss peppermint

https://www.anonimg.com/img/dabfb2d6f14a1f18f1b5278fb95c7ce9.jpg

not sure how you all missed that one in the google groups bonanza... theres a few like that

as homero would say, muaaaaahhhhhhhhh (grinning)

LOL

[bumpershot]

Shut up and show us your tits!

And by "tits" he means "any archives you saved that haven't already been posted".

[qwerty555]

Ok thanks  

There is no way to know for sure which wallets are tied to controllers, if that's what you're asking. But you can look at the largest wallets: https://chainz.cryptoid.info/xpy/#!wallets

I was hoping that had already been done...I will take a look and see if looking at the top 100 addresses will give some answers.

Sorry, spelling error there.

Coins are moving around all the time, so there isn't a fixed list as far as I know.

I will trace it forward from the 12M address on dec 15th to see the original primes as opposed to backwards..I think it will be easier but may not reach March 1st when the moving started.  

[suchmoon]

If you look in the raw data of the transaction on the blockchain you can see if it is a "prime" and which one it is.

http://s4.postimg.org/mwslc9b7x/raw_data.png

**EDIT**  Guess GAW didn't know that the blockchain required every bit of raw data to be public...  or maybe they did and just didn't care...

There you go, vancefox setting the record straight as usual. Thank you sir (or madam, can't be too certain these days).

[jssca_grza]

Shut up and show us your tits!

i promise, ill show them to you soooon(TM)

muaaaaahhhhhhh

https://www.anonimg.com/img/dca78566589571fd74043b299a38ede7.jpg

[suchmoon]

Shut up and show us your tits!

i promise, ill show them to you soooon(TM)

muaaaaahhhhhhh

https://www.anonimg.com/img/dca78566589571fd74043b299a38ede7.jpg

I have to say this crosses the line of "no family members" and I appreciate not embedding the image. But it does prove the authenticity of the "leaked" e-mails, if anyone had any doubts.

[coinits]

Shut up and show us your tits!

i promise, ill show them to you soooon(TM)

muaaaaahhhhhhh

https://www.anonimg.com/img/dca78566589571fd74043b299a38ede7.jpg

I have to say this crosses the line of "no family members" and I appreciate not embedding the image. But it does prove the authenticity of the "leaked" e-mails, if anyone had any doubts.

It is not her pic