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

[Paul Revere]

It's funny they're torching Bitcoin as going lower and lower, yet their coin is pegged to Bitcoin...do they think at all before they spew garbage out of their mouth? Anyways, I want to see Bitcoin go to $20. It's still super useful at whatever price it's at. You can buy anything you want with it, quite literally. Burn baby, burn. Let's shake those greedy pigs out

The issue is that when the price drops a lot of the major miners are going to quit, and transaction processing times are going to go up exponentially and therefore the usefulness goes into the toilet. Right now it is borderline for me to turn off my miners. If it was summer I would, but right now it is ok turning electricity into heat and getting a small return.

Wrong. The blocks adjust difficulty every 2 weeks. I think next time we'll see a hell of a difficulty spike downards.

The amount of miners that will be going offline in the next weeks will likely be HUGE though. It would take a year or more to catch up with something like a 50% drop in hashing power at the little difficulty adjustments that will happen, and in the meantime transaction times will keep going up. I see some serious fluctuations happening in the near future, and that is the last thing that retailers and such want in an exchange medium. It is going to be an interesting ride and I will continue to flesh out the half dozen stories I have sketched out relating to Josh's scam and BTC in general.

[jackbox]

It's funny they're torching Bitcoin as going lower and lower, yet their coin is pegged to Bitcoin...do they think at all before they spew garbage out of their mouth? Anyways, I want to see Bitcoin go to $20. It's still super useful at whatever price it's at. You can buy anything you want with it, quite literally. Burn baby, burn. Let's shake those greedy pigs out

The issue is that when the price drops a lot of the major miners are going to quit, and transaction processing times are going to go up exponentially and therefore the usefulness goes into the toilet. Right now it is borderline for me to turn off my miners. If it was summer I would, but right now it is ok turning electricity into heat and getting a small return.

Wrong. The blocks adjust difficulty every 2 weeks. I think next time we'll see a hell of a difficulty spike downards.

Little bit longer than two weeks if the blocks take longer to confirm...but yeah, essentially the point stands :-)

I turned off my miners in Thailand. Right now mining here is a loss due to power costs unless you have a DC with wholesale power.

[WaffleMaster]

The amount of miners that will be going offline in the next weeks will likely be HUGE though. It would take a year or more to catch up with something like a 50% drop in hashing power at the little difficulty adjustments that will happen, and in the meantime transaction times will keep going up. I see some serious fluctuations happening in the near future, and that is the last thing that retailers and such want in an exchange medium. It is going to be an interesting ride and I will continue to flesh out the half dozen stories I have sketched out relating to Josh's scam and BTC in general.

If 50% quit today, block times would be 20 minutes long. That wouldn't take a year lol, it would take a month (2x 2 weeks) to readjust. I gotta see what miners I'm going to buy. I'll make a killing using my work's electricity for 6 hours a night (overnight shifts for the win). I literally get paid to sleep 6 of my 8 hour shift and nobody else is there.

[CoinFire]

He is back in form

Must be there threatening to quit, over worked under paid and under appreciated. Typical staff lol, those poor folks over there at paycoin. Awe,,,,,,,

Or perhaps he is scared of one or more turning. The SEC is involved now ladies and gents.

[Paul Revere]

@ Wafflemaster: I still have an S1 left for sale.... Cheap, and makes a great Christmas decoration, too!

I suspect your theories about how fast block times will catch up with a drop in hashing power is off by a large margin. We shall see how it plays out, because the die is cast.

[WaffleMaster]

@ Wafflemaster: I still have an S1 left for sale.... Cheap, and makes a great Christmas decoration, too!

I suspect your theories about how fast block times will catch up with a drop in hashing power is off by a large margin. We shall see how it plays out, because the die is cast.

You've interested me enough to look at the block time solving on blockchain.info though. I'll report back after a larger data sample

[WaffleMaster]

He is back in form

Must be there threatening to quit, over worked under paid and under appreciated. Typical staff lol, those poor folks over there at paycoin. Awe,,,,,,,

Or perhaps he is scared of one or more turning. The SEC is involved now ladies and gents.

Thank you CoinFire.

[armedmilitia]

It's funny they're torching Bitcoin as going lower and lower, yet their coin is pegged to Bitcoin...do they think at all before they spew garbage out of their mouth? Anyways, I want to see Bitcoin go to $20. It's still super useful at whatever price it's at. You can buy anything you want with it, quite literally. Burn baby, burn. Let's shake those greedy pigs out

The issue is that when the price drops a lot of the major miners are going to quit, and transaction processing times are going to go up exponentially and therefore the usefulness goes into the toilet. Right now it is borderline for me to turn off my miners. If it was summer I would, but right now it is ok turning electricity into heat and getting a small return.

Wrong. The blocks adjust difficulty every 2 weeks. I think next time we'll see a hell of a difficulty spike downards.

Little bit longer than two weeks if the blocks take longer to confirm...but yeah, essentially the point stands :-)

I turned off my miners in Thailand. Right now mining here is a loss due to power costs unless you have a DC with wholesale power.

I don't know about you, but its still profitable for me to mine out in Montreal. Many places have very cheap (sub $0.05/kwh) power.

Maybe if BTC drops to $100 we'll see some real difficulty drops.

[jackbox]

@ Wafflemaster: I still have an S1 left for sale.... Cheap, and makes a great Christmas decoration, too!

I suspect your theories about how fast block times will catch up with a drop in hashing power is off by a large margin. We shall see how it plays out, because the die is cast.

More like three to six months for difficulty to adjust due to extremely slow blocktimes. This will put further downward pressure on BTC price and more miners will go offline. Thinking just a certain percentage and double the regular time is linear thinking. Thinks like this happen as a geometric function best described with calculus.

[pd62512005]

It's funny they're torching Bitcoin as going lower and lower, yet their coin is pegged to Bitcoin...do they think at all before they spew garbage out of their mouth? Even though the XPY went from .01 to .016, it's still actually LOWER in price lmao. Anyways, I want to see Bitcoin go to $20. It's still super useful at whatever price it's at. You can buy anything you want with it, quite literally. Burn baby, burn. Let me get some cheap miners so I can use them on free electricty at work Let's shake those greedy pigs out You want to speculate on something do it in a regulated market like with Google stock, not an emerging market with 0 regulation and scams like GAW taking headlines as leading innovators hahahaha

thats funny, huh nero?

[DARKANGEL6415]

Thank you for some background on Ars Technica.

Homero, where are the lawyers ...   ...
Send them to Ars Technica...

BTW, Homero where are the "Hashlets" ...Could NOT SEE them anymore on GAW website...

Homero-o-o...Hello-o-o...

ZiG

EDIT...:

Now all of you could explain the meaning of the word "lie"...right...

To make the live easier, here is the clue from Wilipedia ...:

"A lie is an intentionally false statement to a person or group made by another person or group who knows it is not wholly the truth..."

we are sorry our mighty savior and the person who will invent mental coins where POF is dont by imagination only cant be bothered. He is currently attenting to other urgent situation but feel free to leave a number and he will responsd to you when he feels you have humbled your self enough for his arrival

[pd62512005]

It's funny they're torching Bitcoin as going lower and lower, yet their coin is pegged to Bitcoin...do they think at all before they spew garbage out of their mouth? Even though the XPY went from .01 to .016, it's still actually LOWER in price lmao. Anyways, I want to see Bitcoin go to $20. It's still super useful at whatever price it's at. You can buy anything you want with it, quite literally. Burn baby, burn. Let me get some cheap miners so I can use them on free electricty at work Let's shake those greedy pigs out You want to speculate on something do it in a regulated market like with Google stock, not an emerging market with 0 regulation and scams like GAW taking headlines as leading innovators hahahaha

yeah bitcoin is so great with dirt bags like you SCAMMING YOUR EMPLOYER FOR FREE ELECTRIC. quite the upstanding member of society. So glad you represent, east coast yo-yo bean

[WaffleMaster]

It's funny they're torching Bitcoin as going lower and lower, yet their coin is pegged to Bitcoin...do they think at all before they spew garbage out of their mouth? Even though the XPY went from .01 to .016, it's still actually LOWER in price lmao. Anyways, I want to see Bitcoin go to $20. It's still super useful at whatever price it's at. You can buy anything you want with it, quite literally. Burn baby, burn. Let me get some cheap miners so I can use them on free electricty at work Let's shake those greedy pigs out You want to speculate on something do it in a regulated market like with Google stock, not an emerging market with 0 regulation and scams like GAW taking headlines as leading innovators hahahaha

yeah bitcoin is so great with dirt bags like you SCAMMING YOUR EMPLOYER FOR FREE ELECTRIC. quite the upstanding member of society. So glad you represent, east coast yo-yo bean

We have bring your own device. A miner is my device. Get over it lol I'm very well paid I just want a hobby while I'm at work other than watching movies, playing video games etc. 25% of a mining asic's electricity in a month is around $20 with our rates around here at .06.Why would you assume I'm east coast anyways? Bad troll is bad.

[pd62512005]

Thank you for some background on Ars Technica.

Homero, where are the lawyers ...   ...
Send them to Ars Technica...

BTW, Homero where are the "Hashlets" ...Could NOT SEE them anymore on GAW website...

Homero-o-o...Hello-o-o...

ZiG

EDIT...:

Now all of you could explain the meaning of the word "lie"...right...

To make the live easier, here is the clue from Wilipedia ...:

"A lie is an intentionally false statement to a person or group made by another person or group who knows it is not wholly the truth..."

we are sorry our mighty savior and the person who will invent mental coins where POF is dont by imagination only cant be bothered. He is currently attenting to other urgent situation but feel free to leave a number and he will responsd to you when he feels you have humbled your self enough for his arrival

perhaps you could use that search to find out what it is to use your employers electric to profit personally? Thats the community you represent, correct?

might also check hypocrite

[owlcatz]

Thank you for some background on Ars Technica.

Homero, where are the lawyers ...   ...
Send them to Ars Technica...

BTW, Homero where are the "Hashlets" ...Could NOT SEE them anymore on GAW website...

Homero-o-o...Hello-o-o...

ZiG

EDIT...:

Now all of you could explain the meaning of the word "lie"...right...

To make the live easier, here is the clue from Wilipedia ...:

"A lie is an intentionally false statement to a person or group made by another person or group who knows it is not wholly the truth..."

we are sorry our mighty savior and the person who will invent mental coins where POF is dont by imagination only cant be bothered. He is currently attenting to other urgent situation but feel free to leave a number and he will responsd to you when he feels you have humbled your self enough for his arrival

perhaps you could use that search to find out what it is to use your employers electric to profit personally? Thats the community you represent, correct?

might also check hypocrite

Seth, you don't even make sense, go back to your video games, kid - I can hear them saying you aren't playing hard enough, your just too mad all the time.

[WaffleMaster]

Seth, you don't even make sense, go back to your video games, kid - I can hear them saying you aren't playing hard enough, your just too mad all the time.

Lol he does seem like a little rager doesn't he "Toxic" is what the gaming community would call him.

[bananafana]

Parody, or full-blown delusion? It's hard to tell, but GAWCEO is more than happy to agree and take credit.

https://hashtalk.org/topic/29088/bitcoin-taking-the-backseat-to-xpy/4

[KC6TTR]

The difficulty will adjust to maintain the blocktimes/network security... just watch. I believe it is a great time to return the focus to self-mining and let the cloud services go the way of the doe-doe bird if they can't hold their ground. I have solar so it's all good for me and I will continue building up the mining revenue from my BTC/LTC/Doge efforts. I am sure I am not the only one. If you are not in the same boat, it may be time to take a small vacation and HOLD your crypto instead of looking for a get rich quick scheme or sinking anything else in to the countless scams. If it comes to that, cash out before simply giving it away.

Regardless, the sky is not falling (well, maybe it is for GAW et al.) and there will ALWAYS be a need for miners of all sizes now that cryptocurrency is here to stay. Stand fast, do your research, and enjoy the ride. If anything, the next 30-60 days is going to be an education for many.  

Other than that, if you want a solid stock pick, I have one I can share: POPCORN!  

Yummy!
Scott-

[KC6TTR]

Parody, or full-blown delusion? It's hard to tell, but GAWCEO is more than happy to agree and take credit.

https://hashtalk.org/topic/29088/bitcoin-taking-the-backseat-to-xpy/4

Again, more delusional death thrashes from a dying fad that never took off in the first place and has NO influence/consequence on the true crypto market.

Next...

Scott-

[WaffleMaster]

XPY has held it's value, but it is still losing money every day Too many people want to cash out for it to go anywhere lol. 92% of coins aren't staked...so what does this tell you? What about the dead volume in between him promising more unrealistic or shitty things? I imagine Homero has laundered his money into BTC (so he's lost HUGE) to try to avoid regulations, but as we all know, the feds are sitting in on Bitcoin Miami. I agree with Scott that the best stock is popcorn B)