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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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dekay
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Activity: 14
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December 14, 2014, 01:34:06 PM |
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Didn't see anyone bring this up. I recently looked at zenportals ToS. https://zenminer.com/cloud/terms.html Here's what I found. 4. Certain Risks Associated with HashStakers4.1 Risk of Regulatory Action. Cryptocurrencies have been the subject of regulatory scrutiny by various regulatory bodies, both in the United States and internationally. HashStakers could by impacted by one or more regulatory inquiries or actions, which could (i) impede or limit the Company’s ability to continue to provide the HashStakers, or (ii) prevent the distribution, sale or use of Paycoin. "If we get looked at by SEC, dont get mad if we cant pay you" 4.2 Risk of Theft. Hackers or other groups or organizations may attempt to steal Paycoins staked in Prime Controllers and HashStakers. To account for this risk, the Company has and will continue to implement comprehensive security precautions to safeguard Prime Controllers and HashStakers.
How kind of you! Isn't that why we are paying you to host our hardware in the first place?
4.3 Risk that Paycoin May Never be Completed or Released. Purchaser understands that, while the Company will make reasonable efforts to complete the Paycoin software, it is possible that an official completed version of Paycoin may not be released and there may never be an operational Paycoin, Prime Controller, or HashStaker.WTF?? Really? Ponzi Complete. Commencing Exit Strategy.
4.4 Paycoins May Have No Value. Paycoin is a new cryptocurrency and its value is determined by supply and demand. At any point after its release, it is possible that the market price of a Paycoin may be zero. Because the value of Paycoin may be zero, the value of a stake, in Paycoins, from a HashStaker may also be zero.Zero huh? What about 20$ and fiat reserves for the floor?
4.5 No Liquidity. Because HashStakers and Prime Controllers are staking wallets, the Paycoins deposited at a HashStaker address will be locked for a length of time, which may be up to 6 months. During the staking period, Purchaser will not have the ability to withdraw or transfer those Paycoins.
This to me is total crap! How can they be allowed to do this? Why don't they allow early withdrawl with a penalty or something?
4.6 Volatility. During a staking period, the market value of locked Paycoins may fluctuate dramatically. The value of the deposited Paycoins after the staking period may be less than the value of the Paycoins before they were deposited.
Makes sense... yet this simple fact is not understood by the community @ HT.
4.7 No Guaranteed Return. Because proof-of-stake networks award new coins based on the size of a stake relative to other stakes, the Company cannot guarantee that the Prime Controller, and thus a HashStaker, will receive a portion of new Paycoins released during any staking period. Prime Controllers stake against other nodes. Third parties may control nodes that have much larger stakes than Prime Controllers and therefore receive a higher portion of new Paycoins.
Decided now was the time to remove "always profitable" ? Maybe this is proof they aren't a ponzi  TLDR; Very sketchy ToS that I dont think many people read but it gives us a glimpse of how GAW is currently being run there is 0 buy wall gaw is selling all there miners atm and sqeezeing what lil they can from whats left ^ look |
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gefafwisp
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December 14, 2014, 01:39:48 PM |
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hero worshipper!  |
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dekay
Newbie
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Activity: 14
Merit: 0
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December 14, 2014, 01:43:29 PM |
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give this man a cookie ps he was the one to ban me from ht but i forgive him hes standing up to gaw and if he didnt ban me i wouldnt be here |
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WaffleMaster
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December 14, 2014, 01:44:41 PM |
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hero worshipper! Please stop trolling. It isn't productive or positive. Respecting that man and what he's said is not worship. It will help a lot of people. We're all trying to do that, some are more abrasive and emotionally involved than others. |
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keshuker
Sr. Member
Offline
Activity: 395
Merit: 250
aka. dibdab
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December 14, 2014, 01:51:53 PM |
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Regarding the community buy wall, worst case calculation:
Every miner will dump the mined coins, the "community" will buy the coins at $20 each.
500k coins during PoW, They need 10 million $ to keep it up.
Maybe this will shed some light on the $20 value to the believers
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gefafwisp
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December 14, 2014, 01:53:44 PM |
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Please stop trolling. It isn't productive or positive. Respecting that man and what he's said is not worship. It will help a lot of people. We're all trying to do that, some are more abrasive and emotionally involved than others. hero worshipper! I know, I'm sorry. It's hard to be productive or positive in here. I'll try harder. |
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dekay
Newbie
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Activity: 14
Merit: 0
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December 14, 2014, 01:53:58 PM |
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hero worshipper! Please stop trolling. It isn't productive or positive. Respecting that man and what he's said is not worship. It will help a lot of people. We're all trying to do that, some are more abrasive and emotionally involved than others. can someone ask on ht for prove to end the fires theres a buy wall ? in a polite manner and hint when the op comes under fire thats prove there is none |
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wdl1908
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December 14, 2014, 01:56:35 PM |
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hero worshipper! Please stop trolling. It isn't productive or positive. Respecting that man and what he's said is not worship. It will help a lot of people. We're all trying to do that, some are more abrasive and emotionally involved than others. can someone ask on ht for prove to end the fires theres a buy wall ? in a polite manner and hint when the op comes under fire thats prove there is none Please read https://hashtalk.org/topic/23022/exchanges-price-of-xpy |
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raskul
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December 14, 2014, 01:57:43 PM |
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hero worshipper! Please stop trolling. It isn't productive or positive. Respecting that man and what he's said is not worship. It will help a lot of people. We're all trying to do that, some are more abrasive and emotionally involved than others. can someone ask on ht for prove to end the fires theres a buy wall ? in a polite manner and hint when the op comes under fire thats prove there is none Please read https://hashtalk.org/topic/23022/exchanges-price-of-xpyMAJOR EXCHANGES
i'll buy it when I see it on XE.COM  |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
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December 14, 2014, 01:59:10 PM |
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Another Mod resignation.... well said too I think: https://hashtalk.org/topic/23363/standing-downAll, When I stood to be a moderator, I thought I could be part of something amazing, something big and help change things, and I was really proud that my peers thought I was able to do it and that they voted me in. This is something I now feel I cannot do and will be stepping down as a moderator with immediate effect. I know that my decision will likely lead to me being banned here which is unfortunate, and I can settle that in my Aspergers, I know I cannot continue to lead, moderate or support a community where I cannot fully and truly share in its beliefs, as it would seem that the main belief of this community has become Extreme Greed, coupled with Distrust. This is not the Crypto communities that I know, where openness and honesty are normally the standards that people are held to. I have also come to see this community displaying some tendencies towards hero-worship and narcissism in some people and this is something that concerns me greatly, so I am stepping down. For those of you who want to talk to me - you know where to find me  AnimoEsto Remember - Get Hashing - you saw it here first Well he'll be here more now Daffy went back tho |
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WaffleMaster
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December 14, 2014, 02:07:34 PM |
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Another Mod resignation.... well said too I think: https://hashtalk.org/topic/23363/standing-downAll, When I stood to be a moderator, I thought I could be part of something amazing, something big and help change things, and I was really proud that my peers thought I was able to do it and that they voted me in. This is something I now feel I cannot do and will be stepping down as a moderator with immediate effect. I know that my decision will likely lead to me being banned here which is unfortunate, and I can settle that in my Aspergers, I know I cannot continue to lead, moderate or support a community where I cannot fully and truly share in its beliefs, as it would seem that the main belief of this community has become Extreme Greed, coupled with Distrust. This is not the Crypto communities that I know, where openness and honesty are normally the standards that people are held to. I have also come to see this community displaying some tendencies towards hero-worship and narcissism in some people and this is something that concerns me greatly, so I am stepping down. For those of you who want to talk to me - you know where to find me AnimoEsto Remember - Get Hashing - you saw it here first Well he'll be here more now Daffy went back tho Yeah, Daffy couldn't withstand from shilling on the forums. |
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dekay
Newbie
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Activity: 14
Merit: 0
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December 14, 2014, 02:09:49 PM
Last edit: December 14, 2014, 02:29:04 PM by dekay |
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theres 0 prove of ico1 investors yet only promises please ask daffy for fact solid prove ico round 1 investors exist and promises arnt facts nor are statements daffy forgot about the buy wall becomeing weaker as pos grows keep up the good work whispa please whispa use my hollow point bullet questions they cant deffend against
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dekay
Newbie
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Activity: 14
Merit: 0
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December 14, 2014, 02:36:24 PM |
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FUUUUUCK THEY BAN HIM
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WaffleMaster
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December 14, 2014, 02:36:38 PM |
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Aaaand banned. How sad. Go check this out before it's deleted https://hashtalk.org/topic/23350quote author=dekay link=topic=857670.msg9837299#msg9837299 date=1418567784] FUUUUUCK THEY BAN HIM [/quote] He was positive the whole time. They actually don't like legitimate questions. I'm speechless |
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jackbox
Legendary
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Activity: 1246
Merit: 1024
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December 14, 2014, 02:38:44 PM |
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Aaaand banned. How sad. Go check this out before it's deleted https://hashtalk.org/topic/23350quote author=dekay link=topic=857670.msg9837299#msg9837299 date=1418567784] FUUUUUCK THEY BAN HIM He was positive the whole time. They actually don't like legitimate questions. I'm speechless [/quote] Damn. HT is like North Korea. Firing squad for you and you and you. Fucking dogs.  |
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raskul
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December 14, 2014, 02:38:54 PM |
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* raskul thinks this is fun  |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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dekay
Newbie
Offline
Activity: 14
Merit: 0
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December 14, 2014, 02:47:05 PM |
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theres 0 prove of ico1 investors yet only promises please ask daffy for fact solid prove ico round 1 investors exist and promises arnt facts nor are statements daffy forgot about the buy wall becomeing weaker as pos grows keep up the good work whispa please whispa use my hollow point bullet questions they cant deffend against
someone use and post these 2 questions on ht whispa was ban before he could dam u josh u evil fuck!!!! |
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