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

[T0urist]

Just think if one of those people on the rich list dumped just a portion of their coins. https://chainz.cryptoid.info/xpy/#!rich the top guys could drive the price down to pennies. I am surprised one of the big sell walls has not shown up. You put up a few thousand paycoin sell wall I think a lot would start dumping.

Those are split wallets or addresses all likely belonging to GAW.

Ok lets try to be impartial again. Look at the amounts. Funny how they aren't all over the place or differ much right? They are all either, 2 million, 1.75 or 1 million coins exactly. Seems suspicious doesn't it that there aren't different stake amounts? The big investors must of had to invest in tiers too right?

There's another red flag.... its suspicious identical amounts. Everyone focuses on the split of coins to send out but nobody questions who the investors are nor why the amounts are nice round numbers and only 3 different allotment sizes?

[1715281039]

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[1715281039]

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[verloren]

The way I read the ann tonight was we will not be able to sell for $20 for 30 days after you become a member of paybase. You have to be tier 4 to sell to fiat.

Then sell for btc and make btc>fiat on coinbase or any other exchange

Tier 1
May purchase XPY with BTC
May send / withdraw XPY to wallets
May apply for Tier 2 verification.

Tier 2
Verify a credit card or bank account
Purchase up to $10,000 of XPY with FIAT
Purchase up to $500 of BTC with XPY

Better off keeping XPY out of PayBase and gambling on a similar price appearing across all exchanges.

[jackbox]

So what happens to the blockchain when POW ends soon? There are no Prime Controllers or Orion nodes to control the network and record transactions. They are supposed to handle transactions and mint coins when needed. If there are no miners and these parts of the infrastructure are not online the blockchain will stop growing and transactions and trades will become impossible to perform.

[interstellar]

Call me slow, Im still trying to understand how it supposedly works
So staked coins do the mining and gaw will hold like nearly all of them. What happens if someone with a few staked coins decides to DDoS GAW. Can he double spend at will?

Probably. Gaw security is basically nil. Didn't they recently have that bug where you sometimes would mistakenly log into someone else's account? Let's put it this way. Security isn't exactly a priority for a ponzi/ pyramid scheme.

[vach]

If i just finished my arb bots and released them on this peecoin,
cant imagine how much id eran

[vach]

So what happens to the blockchain when POW ends soon? There are no Prime Controllers or Orion nodes to control the network and record transactions. They are supposed to handle transactions and mint coins when needed. If there are no miners and these parts of the infrastructure are not online the blockchain will stop growing and transactions and trades will become impossible to perform.

as i understand POS : mining will not stop its just gaw will do the mining with low difficulty... so they will be actually able to handle all transactions.... others mine by staking... in short thats bullshit, stay away and trade

[WaffleMaster]

[verloren]

Call me slow, Im still trying to understand how it supposedly works
So staked coins do the mining and gaw will hold like nearly all of them. What happens if someone with a few staked coins decides to DDoS GAW. Can he double spend at will?

Yes, since they should own a large amount of XPY in their own wallet.

[WaffleMaster]

Call me slow, Im still trying to understand how it supposedly works
So staked coins do the mining and gaw will hold like nearly all of them. What happens if someone with a few staked coins decides to DDoS GAW. Can he double spend at will?

Yes, since they should own a large amount of XPY in their own wallet.

That's not a hacker's/script kid's wet dream or anything lol

[suchmoon]

Call me slow, Im still trying to understand how it supposedly works
So staked coins do the mining and gaw will hold like nearly all of them. What happens if someone with a few staked coins decides to DDoS GAW. Can he double spend at will?

Maybe, although that someone probably still needs to hold 51%+ of remaining coins. If I understand correctly the "staker" is picked randomly, but I'm no expert so don't take my word for it.

But it's not so much about staking, GAW is trying to become this huge payment processor to rival PayPal, so any attack on them is going to cause trouble. They are piggybacking on the crypto-currency hype, but almost everything they do is AGAINST basic principles of crypto: opaque business model, centralized control, tightly tied to fiat, even promised price fixing.

[vach]

Call me slow, Im still trying to understand how it supposedly works
So staked coins do the mining and gaw will hold like nearly all of them. What happens if someone with a few staked coins decides to DDoS GAW. Can he double spend at will?

Yes, since they should own a large amount of XPY in their own wallet.

That's not a hacker's/script kid's wet dream or anything lol

I know someone who sold a root access vunerability on black market
So i'm waiting for huge explosion anytime soon

[interstellar]

Call me slow, Im still trying to understand how it supposedly works
So staked coins do the mining and gaw will hold like nearly all of them. What happens if someone with a few staked coins decides to DDoS GAW. Can he double spend at will?

Yes, since they should own a large amount of XPY in their own wallet.

That's not a hacker's/script kid's wet dream or anything lol

I know someone who sold a root access vunerability on black market
So i'm waiting for huge explosion anytime soon

Don't worry guys all your xpy is insured on paybase lol.

[bitpop]

Man Homero would hard fork anyone out, first Blockchain bannings, get ready for weekly wallet updates. Everyone buying xpy is at risk if the tard wakes up and has a new idea. There's nothing decentralized or fungible about paycoin.

Paycoin bought on the exchanges will be blacklisted. You have third party risk then you have Homero.

[vach]

Call me slow, Im still trying to understand how it supposedly works
So staked coins do the mining and gaw will hold like nearly all of them. What happens if someone with a few staked coins decides to DDoS GAW. Can he double spend at will?

Yes, since they should own a large amount of XPY in their own wallet.

That's not a hacker's/script kid's wet dream or anything lol

I know someone who sold a root access vunerability on black market
So i'm waiting for huge explosion anytime soon

Don't worry guys all your xpy is insured on paybase lol.

I think whoever bought it, he is waiting for a right moment to strike.

[vach]

damn lot of arbitrage opportunities right now on Cryptsy | CoinSwap
and i'm missing it

[bubbaj]

Josh took down a 2000 XPY wall earlier and I hope he does it again, just to give all of you fuckers more butt hurt come Monday, I know what I will be doing and that is buying more. The amount of misinformation on here is a joke. Like "it take 30 days to be verified" how about that dick head read the the thread, tier 2 CC verification = sell $500 worth of XPY per week. Tier 3 Government documentation sell $2500 per week. These will be easy to meet. So keep selling your coin cheaply and I will keep buying. On Monday when I get my $20 per coin I will come back here and see who really got Butt hurt. See ya fuckers

[T0urist]

damn lot of arbitrage opportunities right now on Cryptsy | CoinSwap
and i'm missing it

You mean garb-itrage opportunities right see what i did there hehe.

[Puppet]

quoted for posterity

On Monday when I get my $20 per coin I will come back here and see who really got Butt hurt. See ya fuckers

[T0urist]

quoted for posterity

On Monday when I get my $20 per coin I will come back here and see who really got Butt hurt. See ya fuckers

Funny thing is that doesn't mean shit... it means he got $20 in the initial run. Doesn't make paycoin a success... thats how ponzi's are the initial ones win win the rest get screwed in the ass.... turned upside down and made into bike racks.

I love how people confuse this.

Its hilarious... yay the floor i get $20 but the people buying at $20 can't offload for $30 so they get fucked over..... or at best they sell for $15 in goods. Look they lost $5 a coin. O wait that plugin gives you $6 savings on an item but that $6 HAS to come from somewhere... if its josh's bs wall it eventually crumbles. Money doesn't come from nowhere... and if it is printed in excess its devalued and the value comes a small amount from everyone holding that money in circulation.

Its like that rule of conservation of energy with money. Money overall "value" can't be created nor destroyed just transferred from one entity to another through smart / dumb business decisions.

Who's turn to roll the dice on ponzi-opoly? I think its josh's turn.

[vach]

Josh took down a 2000 XPY wall earlier and I hope he does it again, just to give all of you fuckers more butt hurt come Monday, I know what I will be doing and that is buying more. The amount of misinformation on here is a joke. Like "it take 30 days to be verified" how about that dick head read the the thread, tier 2 CC verification = sell $500 worth of XPY per week. Tier 3 Government documentation sell $2500 per week. These will be easy to meet. So keep selling your coin cheaply and I will keep buying. On Monday when I get my $20 per coin I will come back here and see who really got Butt hurt. See ya fuckers

i cant get why are you so emotional if you have nothing to worry about? buy it dude, buy. If you're sure you'll be able to sell it for 20$ or more later, go ahead... I dont think so, so buy my coins