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

[I_IZ_CEO]

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.

You do have to test the exchanges, to see if they can handle this new technology that nobody else can understand.

I do give Josh some credit. He did jump into the fire and apologized, yes he did not have another choice at this time but the soft spot in my heart did give him some credit. As others stated before, if he can put something together soon the coin can survive I think, but I am not a pro at this game at all i will admit, far from it. My soft spot actually is more for the people that invested into this more than anything else.

If he can be part of the community instead of going against it would help him (I have said this many times, and said for him to hush many times too), If it were me I would start with people like Andreas, Gavin, maybe some miner manufacturers (KNC HINT HINT), and other coins (doge, black, etc). Get off Scot's back make peace with Coinfire and give them an exclusive interview and good things (at least what I see as good). But again that's what I would do! I will say that the loyal ones were loyal for a long time, I was loyal at 1 time there myself and did enjoy almost everyone I had contact with and did learn some things.

Also remember, go against social media today and you will be crucified. Many companies have died from social media and others have thrived, you choose which road to take on this matter.

And as far as the mods and re-sellers go, LEAVE THEM ALONE. Animo was maybe the only 1 I did like there, Lizard I never did like, I always thought he was cocky but I can be cocky too like most of us can and I do have a different respect for him now that he is here, Hi Lizard. I never liked Bubba too when he used to come here but have different feeling for him now (not the way you are thinking of), Hi Bubba.

And Favalla, why are you telling people not to focus on the Bitcointalk, BTC, etc community, you learned I think almost everything from the community.... Focusing on single moms is a bad idea, since most can barely get by. Stick with snakes, I read rave reviews about you.

I have much more to say but since most will not read it, I'll hush

Sorry for my emotional rant.

[Sujoy]

Ok unless I've made a mistake somewhere, the annual stake rate is coming out as 3290% on their 'test' wallet:
https://chainz.cryptoid.info/xpy/address.dws?119166.htm

https://i.imgur.com/EBlSBaa.png

[inBitweTrust]

Ok unless I've made a mistake somewhere, the annual stake rate is coming out as 3290% on their 'test' wallet:

With compounded interest, yes you are close around 3k a year... this is hyperinflationary code and a true indication that Josh isn't some benign CEO who made a few mistakes.
The evidence is pointing more and more to him being a straight up psychopath that knows how to manipulate his victims.

So far all of these 49 prime controllers staking at 3k% compound interest per anum are all controlled exclusively by GAW and secret partners who may or may not exist.

[galdur]

Ok unless I've made a mistake somewhere, the annual stake rate is coming out as 3290% on their 'test' wallet:
https://chainz.cryptoid.info/xpy/address.dws?119166.htm

Sounds splendidly to me. Even in the extremely unlikely event that a coin

will be worth one cent US in five years market cap will be 2 Trillion dollars

see my calculation above.

[keshuker]

Ok unless I've made a mistake somewhere, the annual stake rate is coming out as 3290% on their 'test' wallet:

With compounded interest, yes... this is hyperinflationary code and a true indication that Josh isn't some benign CEO who made a few mistakes.
The evidence is pointing more and more to him being a straight up psychopath that knows how to manipulate his victims.

I wonder why the crypto community has not "demanded" Cryptsy and Bittrex to delist this scam. They are still giving a platform for people to be scammed even more.
Maybe just because they are "alt-coin" exchanges?

[inBitweTrust]

Sounds splendidly to me. Even in the extremely unlikely event that a coin

will be worth one cent US in five years market cap will be 2 Trillion dollars

see my calculation above.

This is foolish to assume. This coin will not be able to recover from this launch and no one will want to use something with all the negatives of fiat and more and none of the upsides of fiat. This coin is going to be trading at fractions of a penny really soon.

I wonder why the crypto community has not "demanded" Cryptsy and Bittrex to delist this scam. They are still giving a platform for people to be scammed even more.
Maybe just because they are "alt-coin" exchanges?

2 reasons :

The exchanges want to make a lot of money

Some will advocate that the ethical thing to do is allow the victims to be able to sell their coins in the free market vs being manipulated with capital flight restrictions in paybase

[galdur]

Sounds splendidly to me. Even in the extremely unlikely event that a coin

will be worth one cent US in five years market cap will be 2 Trillion dollars

see my calculation above.

This is foolish to assume. This coin will not be able to recover from this launch and no one will want to use something with all the negatives of fiat and more and none of the upsides of fiat. This coin is going to be trading at fractions of a penny really soon.

I wonder why the crypto community has not "demanded" Cryptsy and Bittrex to delist this scam. They are still giving a platform for people to be scammed even more.
Maybe just because they are "alt-coin" exchanges?

2 reasons :

The exchanges want to make a lot of money

Some will advocate that the ethical thing to do is allow the victims to be able to sell their coins in the free market vs being manipulated with capital flight restrictions in paybase

We can go into the realm of total impossibility and assume that a coin

will be worth one thousandth of one cent in five years. This would mean a market cap

of two Billion dollars. Nothing to sneeze at 

[galdur]

My point obviously is that when you have 200 Trillion coins then

even if each coin is about as valuable as pocket lint you´ll still

be filthy rich !

[galdur]

And don´t forget that by year six there will be about six Quadrillion coins !

[inBitweTrust]

We can go into the realm of total impossibility and assume that a coin

will be worth one thousandth of one cent in five years. This would mean a market cap

of two Billion dollars. Nothing to sneeze at 

In 5 years likely much less if not 0. But assuming it is that why focus on the market cap where GAW controls 97% of all coins and growing? why not take an average investment from a victim and do the calculation?

Lets say that you have a large investment of 10k paycoins2 ... your investment is worth nothing in the future!

[puwaha]

And don´t forget that by year six there will be about six Quadrillion coins !

Is there any evidence of the hyperflex mechanism?  It's supposed to adjust coin creation based on demand... so it may not be a steady amount that would add up to 3000%.

[galdur]

If the number of coins becomes more than all the grains of sand

on this planet it may be a sign of overdilution but that´s just

future music. Maybe 2025 or so.

[subseaguru]

Ok unless I've made a mistake somewhere, the annual stake rate is coming out as 3290% on their 'test' wallet:

With compounded interest, yes... this is hyperinflationary code and a true indication that Josh isn't some benign CEO who made a few mistakes.
The evidence is pointing more and more to him being a straight up psychopath that knows how to manipulate his victims.

I wonder why the crypto community has not "demanded" Cryptsy and Bittrex to delist this scam. They are still giving a platform for people to be scammed even more.
Maybe just because they are "alt-coin" exchanges?

didn't GAW buy an exchange recently? I guess even if it does get delisted from Bittrex and Cryptsy they will still have a way to get it to the market.

[inBitweTrust]

My point obviously is that when you have 200 Trillion coins then

even if each coin is about as valuable as pocket lint you´ll still

be filthy rich !

Your point seems to ignore the fact that GAW controls the sales of the hashstakers ,  and has a much higher interest rate than its victims.
Your point is only true if you are arguing for the profitability of being in control of a prime controller.

didn't GAW buy an exchange recently? I guess even if it does get delisted from Bittrex and Cryptsy they will still have a way to get it to the market.

They have 2 exchanges ...coinswap and paybase

Is there any evidence of the hyperflex mechanism?  It's supposed to adjust coin creation based on demand... so it may not be a steady amount that would add up to 3000%.

No evidence of any of that , and the CEO has already stated their will be no floor and no CAF because doing so may be illegal and be considered manipulating the market so the free market will drive this coin out of existence with inflation alone. In 3 months when those hashstakers start maturing expect huge crashes to occur as well.

[galdur]

We can go into the realm of total impossibility and assume that a coin

will be worth one thousandth of one cent in five years. This would mean a market cap

of two Billion dollars. Nothing to sneeze at  

In 5 years likely much less if not 0. But assuming it is that why focus on the market cap where GAW controls 97% of all coins and growing? why not take an average investment from a victim and do the calculation?

Lets say that you have a large investment of 10k paycoins2 ... your investment is worth nothing in the future!

I did the math and purchased 12000 Paycoins. Given my best case

scenario this will be worth 4 Trillion dollars in 2020 (4 Quadrillion/1000)

worst case 200 Billion (200 Trillion/1000).

Pocket lint valuation, still $200 Million I can live with that.

[inBitweTrust]

I did the math and purchased 12000 Paycoins. Given my best case

scenario this will be worth 4 Trillion dollars in 2020 (4 Quadrillion/1000)

worst case 200 Billion (200 Trillion/1000).

Pocket lint valuation, still $200 Million I can live with that.

A perfect example of the type of individual con artists and psychopaths are drawn to. Good luck with your investments and be careful not to buy any bridges people offer to sell you.

[10BTCaDay]

Yeah, and Josh owns majority of the prime controllers, I think he said he will aim to own 80-90% of them..
So if his coin becomes a hit, he is making millions from it.

What a scam, it should be delisted from all exchanges.

[bmgbmg]

You missed the sarcasm

I did the math and purchased 12000 Paycoins. Given my best case

scenario this will be worth 4 Trillion dollars in 2020 (4 Quadrillion/1000)

worst case 200 Billion (200 Trillion/1000).

Pocket lint valuation, still $200 Million I can live with that.

A perfect example of the type of individual con artists and psychopaths are drawn to. Good luck with your investments and be careful not to buy any bridges people offer to sell you.

[galdur]

I did the math and purchased 12000 Paycoins. Given my best case

scenario this will be worth 4 Trillion dollars in 2020 (4 Quadrillion/1000)

worst case 200 Billion (200 Trillion/1000).

Pocket lint valuation, still $200 Million I can live with that.

A perfect example of the type of individual con artists and psychopaths are drawn to. Good luck with your investments and be careful not to buy any bridges people offer to sell you.

Even if the value of a coin will be about that of a speck of dust

(about one millionth of one cent) in 2020 my stake will be worth

200 thousand dollars. You bashers just don´t understand the power of numbers.

[strangerdanger101]

Ok unless I've made a mistake somewhere, the annual stake rate is coming out as 3290% on their 'test' wallet:

With compounded interest, yes... this is hyperinflationary code and a true indication that Josh isn't some benign CEO who made a few mistakes.
The evidence is pointing more and more to him being a straight up psychopath that knows how to manipulate his victims.

I wonder why the crypto community has not "demanded" Cryptsy and Bittrex to delist this scam. They are still giving a platform for people to be scammed even more.
Maybe just because they are "alt-coin" exchanges?

didn't GAW buy an exchange recently? I guess even if it does get delisted from Bittrex and Cryptsy they will still have a way to get it to the market.

yeah coinswap