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

[coinits]

at least the market calmes down now , there should be plenty of room to recover a big part and make the coin worthwhile

Idiot

[corygto]

at least the market calmes down now , there should be plenty of room to recover a big part and make the coin worthwhile

Idiot

lol

[elkrisi]

[galdur]

If this is a compounded 350% it means more than 3000% annually (non compounded equivalent) doesn't it?

And ...

Wait, if it's 1% daily then you're right. That means 6 million XPY in Prime Nodes creates over 180 million of new coin every year for the hardcoded addresses.

I've been a mainly silent observer to this ongoing drama, but I cracked and couldn't help posting in hashtalk over some incredible oversights. How come no-one is going crazy over the prime stake rate that is currently hardcoded to GAW addresses? People have been saying that it's 350%, which would be insane... but if I read the code correctly it's actually just under 1% compounded daily, which equates to over 3,000% annually. How can any coin survive hyper inflation like that?

6 million XPY in Prime nodes becomes ~ 180 million XPY after Year 1.
5,400 million XPY after Year 2
162,000 million XPY after Year 3
etc...

If the coin was actually worth $20, the market cap would overtake the total amount of USD in circulation halfway through Year 3! In Year 4 Paycoin would be worth more than all the other money that exists on the planet.

Uh, oh. Looks like in a few years the number of XPY will be higher than that

of all grains of sand on all beaches in the world  

[galdur]

Never bothered to read into the whole GAW-thing - looked like a scam to me from the beginning.

Anyhow, XPY seams to be the Nr. 4 coin by market capitalization right now so I would be interested in

*) Has XPY ever been traded for $20?
*) Is the $20 promise yet to be fulfilled after some exchange opens or did it fail?
*) Can XPY be shorted somewhere, because, honestly, you know...

Thanks!

No, no and no.   You are out of luck on that one.   

At some point when paybase is functional, then there is supposed to be a $20 floor of some kind.   I don't know if that has been totally destroyed yet or not.

If it can be borrowed from hodlers it can be dumped and covered later.

[doogsan]

at least the market calmes down now , there should be plenty of room to recover a big part and make the coin worthwhile

Idiot

lol

I give it at most a week now before it hits $1, lol

[corygto]

at least the market calmes down now , there should be plenty of room to recover a big part and make the coin worthwhile

Idiot

lol

I give it at most a week now before it hits $1, lol

lol shit I gave it till Monday to hit $3 and that already happened.....I think your $1 prediction will come sooner rather than later.

[puwaha]

LOL You a high class Bitcointalker? Dam, you good, how does one achieve such status of you? Maybe you should write a guide for the new people and this should be stickied... Was it a born to be kind of thing? When you're born you just know your destined for bitcointalk elite?  That comment made you sound dumb as fuck.  

Do you talk to people in real life like this?  I hope not... I'm going to assume you forgot your </sarcasm> brackets.

[keshuker]

With the 97% premine, the huge inflation and only waporware/hypewords yet, I fail to understand how this coins marketcap can be above $1000

[corygto]

Gonna see how far I can push the envelope before I get shadowbanned 

[StPauly10]

https://lh4.googleusercontent.com/-iYJuTSZaCY0/VKkbubwZydI/AAAAAAAAOzk/V_uBccOYeh0/s1440/gaw.jpg



https://hashtalk.org/topic/27805/hash-talk-and-the-events-of-yesterday/5

[galdur]

If the stake rate is 3000% p.a. then the number of coins in five years

will be around 200.000.000.000.000. Market cap given a $20 price

will be 4 Quadrillion dollars. Yeah, I think that will work.

Market sense, buy all you can get.

Absolutely the worst case scenario, a price of one dollar, will mean a

market cap of 200 Trillion dollars.

[inBitweTrust]

https://hashtalk.org/topic/27761/what-and-why-is-this-address-so-important/15

Someone discovered an unlisted address not identified as a prime controller in the source code but staking at the hyper-inflationary rate of 350%:

https://chainz.cryptoid.info/xpy/address.dws?119166.htm


The CTO indicates this is just for testing in the live environment:




Aren't they aware that tests need to be done in a test environment with a testnet? I am not sure why he hasn't been fired being that testing anything in the live environment running financial software is the opposite of development best practices procedures.

[coinits]

Aren't they aware that tests need to be done in a test environment with a testnet? I am not sure why he hasn't been fired being that testing anything in the live environment running financial software is the opposite of development best practices procedures.

Because they are dumping the coins for btc. Test be damned.

[corygto]

https://hashtalk.org/topic/27761/what-and-why-is-this-address-so-important/15

Someone discovered an unlisted address not identified as a prime controller in the source code but staking at the hyper-inflationary rate of 350%:

https://chainz.cryptoid.info/xpy/address.dws?119166.htm


The CTO indicates this is just for testing in the live environment:




Aren't they aware that tests need to be done in a test environment with a testnet? I am not sure why he hasn't been fired being that testing anything in the live environment running financial software is the opposite of development best practices procedures.

Good catch there friend. As far as the question at the bottom.....I think they are well aware of what they are doing. The word shady comes to mind.

[inBitweTrust]

The CTO reminds me of Mark Karpeles :

http://www.pcworld.com/article/2846252/despite-mt-gox-fiasco-karpeles-still-has-bitcoin-plans.html

Comments he stated all while wearing a shirt that said :
“I don’t always test my code,” it reads, “but when I do, I do it in production.”




Paycoin still has a market cap of 41 million and they are running test code in the live environment. Really? In what universe is this behavior remotely acceptable?

[el_rlee]

Never bothered to read into the whole GAW-thing - looked like a scam to me from the beginning.

Anyhow, XPY seams to be the Nr. 4 coin by market capitalization right now so I would be interested in

*) Has XPY ever been traded for $20?
*) Is the $20 promise yet to be fulfilled after some exchange opens or did it fail?
*) Can XPY be shorted somewhere, because, honestly, you know...

Thanks!

No, no and no.   You are out of luck on that one.   

At some point when paybase is functional, then there is supposed to be a $20 floor of some kind.   I don't know if that has been totally destroyed yet or not.

If it can be borrowed from hodlers it can be dumped and covered later.

Would some hodlers willing to borrow please step forward? Any reputable escrow is welcome

[puwaha]

It's clear that they know incriminating evidence or have had chats with such material in them. We're not like the sheep on HashTalk. You can't just waive an NDA in our face and we think that everything's ok. We're wolves, and we'll tear every last scammer involved in this to shreds if we have to.

And that may be the point.  Possibly, not saying this but it is possible, they are simply giving a potential prosecutor a "raised hand" in a public forum in case an investigation starts... An NDA can be nullified by a judge very easily and would produce zero blow back while still allowing for the release of information.

This is somewhat incorrect. If they knew of it, they should have alerted the authorities immediately. Not doing so is aiding and abetting and they are liable for it.

Just stop, WaffleMaster.  Unless... or until they are compelled to speak about what they know via a subpoena or affidavit... they are not aiding and abetting, and are not liable.

There is no law that compels you to report a crime, and there is no proof that a crime has been committed here.

[doogsan]

With the 97% premine, the huge inflation and only waporware/hypewords yet, I fail to understand how this coins marketcap can be above $1000

Because it's GAWsome

[galdur]

The CTO reminds me of Mark Karpeles :

http://www.pcworld.com/article/2846252/despite-mt-gox-fiasco-karpeles-still-has-bitcoin-plans.html

Comments he stated all while wearing a shirt that said :
“I don’t always test my code,” it reads, “but when I do, I do it in production.”




Paycoin still has a market cap of 41 million and they are running test code in the live environment. Really? In what universe is this behavior remotely acceptable?

In BTC world the code tests you ?