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

[NuShrike]

who is this IngCr3at1on thats doing some menial changes to paycoin source lately

Code:

- if (Checkpoints::IsSyncCheckpointTooOld(60 * 60 * 24 * 30) && !fTestNet)
- {
- nPriority = 100;
- strStatusBar = "WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers of the issue.";
- }
-

got removed. i guess some ppl will be happy  

So to fix the lack of updated blockchain checkpoints is to remove the check and warning? So skilled.

[cryptofunk]

who is this IngCr3at1on thats doing some menial changes to paycoin source lately

Code:

- if (Checkpoints::IsSyncCheckpointTooOld(60 * 60 * 24 * 30) && !fTestNet)
- {
- nPriority = 100;
- strStatusBar = "WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers of the issue.";
- }
-

got removed. i guess some ppl will be happy  

So to fix the lack of updated blockchain checkpoints is to remove the check and warning? So skilled.

I guess that's what they could afford to pay lol

[geegaw]

Another fly-by-nighter  

Rishab

World Of Winning Inc

http://www.naukri.com/recruiters/rishabpawar-1734740

http://myworldofwinning.com/

Couldn't be more illegal if they tried. No gaming license. MSB or any license to date.

I think the authorities would quite like this fresh hatchling.

[CHAOSiTEC]

Ive just read through the code in regards to the fees:

the fees are destroyed, ending up at no address, so irrevocable, and unretrievable, alas, they have been destroyed..

[jfabritz]

The fee for a transaction is the difference between the input total and the output total. The destination for the fees is set in the block that contains the transaction.

So here's an example of a bitcoin transaction:
https://blockchain.info/tx/e967550ef95d28a95a4ea2e679b8b9463cea28943d3053ef65d7f5fe109ce3ad
Click to find the block it's in:
https://blockchain.info/block-index/757279
In the top transaction you see listed there, you can see where the fees (0.25520967 BTC) are sent, along with the 25BTC reward for mining the block.

That example is a little weird. It shows two blocks for that one, but the one with the transactions was marked as an orphan while the other block has a -25 BTC net.  

So did all of those transactions "bounce" aka are unconfirmed?

Back to Paycoin, so what does the nMint variable in the source code capture? It tracks the transaction fees, does that somehow find its way back into the money supply?

[NuShrike]

Ive just read through the code in regards to the fees:

the fees are destroyed, ending up at no address, so irrevocable, and unretrievable, alas, they have been destroyed..

Until somebody does a 51% attack on the network to fork the chain with nFees fed to some address, no?

Gets easier with lack of updated checkpoints.

[jfabritz]

Coins only exist at addresses. A transaction takes coins from one address, and sends them to another. If you think these coins still exist, what address do you think they're at?

These were taken from various addresses, and sent nowhere. They aren't in the addresses they came from -- you can check that, the blockchain doesn't lie. They weren't sent to any new address. It's impossible for a new transaction to send them somewhere new, because they don't exist at any address anywhere in the blockchain.

Couldn't you alter the code to scrape the fees from the blockchain when it parses through all of the transactions?

EDIT: Yes you can, but you can create coins out of thin air, so why bother. If you burn the fees, then why even collect them? It is ultimately a tax on the coin owner since they are not used to incentivize miners.

[kebabman]

Sure, mods are getting swapped out every other day and faces are disappearing left and right, but they've only lost 3 people

https://hashtalk.org/topic/31644/yes-or-no/121

https://archive.today/6zVLe

That's not Homero talking! That's that fat guy.

Ha! First thing I thought of, that slob that was here that runs the cloud mining service and who recently bought betarigs. Every second word out his slobbering cakehole was "bud". Was thinking about fatty a while ago, he recently made that announcement on their forum that they had bought betarigs, then soon after, an announcement that they have a 2Ph/s farm up and running for leasing. At the time it had me thinking is that Homero's stuff because back then was before he started selling off his miners, and back then was when they were clearly running out of funds. Did he fire it up in the hopes of leasing it to earn some BTC's? More so because fatty made an unnecessary point of thanking Bitmain for the farm, and even going so far as to name it antminer farm or something. But was this actually Homero's last attempt before selling it off? Can't see if it is still for lease. We do know bitmain was trying to sell their farm outright including a years hosting or something. Could that slob have convinced them to fire it up and try to lease it? I can't see bitmain needing a handful of coins so badly.

Ugh, that idiot. Fucker totally ruined Betarigs too.

https://www.youtube.com/watch?v=cocDzPdFChk

[bananafana]

Coins only exist at addresses. A transaction takes coins from one address, and sends them to another. If you think these coins still exist, what address do you think they're at?

These were taken from various addresses, and sent nowhere. They aren't in the addresses they came from -- you can check that, the blockchain doesn't lie. They weren't sent to any new address. It's impossible for a new transaction to send them somewhere new, because they don't exist at any address anywhere in the blockchain.

Couldn't you alter the code to scrape the fees from the blockchain when it parses through all of the transactions?

You can't scrape them from the blockchain, because they aren't in the blockchain. For paycoin and peercoin and others that destroy fees this way, the fees are verifiably and irrevocably gone. You can't put coins into a transaction if the coins don't exist.

With a hard fork (i.e., new code, and the new fork of the blockchain supersedes the old one) you can do lots of things. With a hard fork on bitcoin you could increase the maximum number of coins to a billion and send ten percent of every transaction to your own wallet. You just need to get 51% of the hashing power to agree with you, and then convince the world to use your fork of bitcoin rather than the original.

But you still can't put coins that don't exist into a transaction. You could create any number of new coins you want (in new blocks), but that has nothing to do with the destroyed fees.

Just saw your update:

If you burn the fees, then why even collect them? It is ultimately a tax on the coin owner since they are not used to incentivize miners.

Peercoin burns the fees (among others) and their FAQs explain the reasoning. It doesn't make much sense to me either.

[cryptodevil]

Oh and remember the "leaked" emails that made it onto that story that was crafted to make Josh out to look like some sort of hero?

Yes they were so patently obvious an attempt by His Royal Majesty King Homero of Hash to dodge the bullets by blaming the imminent collapse of the ponzi on those meddling stuffed shirts in 'Legal'.

Your 'leaked' inside info, however, not quite as obvious but certainly triggering my bullshit detector with the carefully crafted introduction of 'outing' The King in his Belgian hideaway, while also conveniently leaking the 'fact' that they are actually, finally, no really they mean it this time, going to be honouring the $20 price per coin because, well, now they have a way to do it so, you know . . .quick kids . . .one more spin of the wheel, if you already put everything you have on XPY, only to watch it steadily evaporate along with the mirage of supposed innovation that never was, maybe now is the time to put someone else's money on XPY because, this time they are actually, finally, no really they mean it this time . . .

We can be confident in buying vast amounts of XPY now because someone who wants to 'out' His Majesty, kindly happened to include in his exposé leaked 'insider' information about the $20 price being 4realz . . .

[geegaw]

So the applause is for moving off-shore in order to circumvent the very laws that protect you. How genius is that?

Go Homero Go!!! If you can find a place that requires zero scrutiny and zero recourse, I will give you more of my money!!!

What's with that Dutchman de Wilde anything and everything Homero pukes, he's there with a spoon to scoop it up and eat it. Dutch are not that thick and very brusk, seem incongruous to swallowing Homero's vomit consistently.

....unless

[strangerdanger101]

[owlcatz]

Well if this "Rishab" person is for real, then this is probably his twitter account, FWIW:

https://twitter.com/Rishab704/with_replies

[geegaw]

Photo's from the IPAD or phone or whatever MAC thing it was taken from had the GPS location embedded in the EXIF. What is the address of that snap?

The only person thick in all of this in Belgium is the suspiciously quiet poker player JackTheShipper who couldn't have held Homero closer to his chest from day one if he tried. The rot between him Homero and that lizard poker site developer permeates through the ether to this day.

[strangerdanger101]

Well if this "Rishab" person is for real, then this is probably his twitter account, FWIW:

https://twitter.com/Rishab704/with_replies

[jimmothy]

So the applause is for moving off-shore in order to circumvent the very laws that protect you. How genius is that?

Go Homero Go!!! If you can find a place that requires zero scrutiny and zero recourse, I will give you more of my money!!!

What's with that Dutchman de Wilde anything and everything Homero pukes, he's there with a spoon to scoop it up and eat it. Dutch are not that thick and very brusk, seem incongruous to swallowing Homero's vomit consistently.

....unless

This just in: GAW will officially be relocating all operations to North Korea to avoid the USA's horrible consumer protection laws. The Dear Leader is pleased to be working with Kim Jong Un.

[geegaw]

"Rishab" and hist 45$/month executive address/office rental in California thought he could sit in Mumbai, make a website, and collect dollars. Just like Homero. These kids think that registering a domain, trademarking shit, printing business cards saying CEO, is what makes a business.  Too much Call of Duty thinking that they too can be a Navy Seal, until the seal slaps them upside the head and the seal is this seal:

[geegaw]

I wonder, when Homero and his wife have a heart to heart, serious conversation about "thing"s and "rumors" does she clutch his hand and look straight into his eyes and address him as Homero to accentuate the seriousness of the matter or the lie name Josh?

[geegaw]

I sent a tip to the CIA that this "Rishab" character is up to no good trying to dupe Americans and generate USD. He's from a sensitive area in India and quick checking around has quite some rantings. Better safe than sorry, very easy to open an "inquiry" file here, than a "semantically" correct "investigation" file from the SEC.

https://www.cia.gov/cgi-bin/comment_form.cgi

The youth are brainwashed today without even knowing it. What can Rishab really be up to?

[cryptodevil]

Is there even any evidence to suggest this 'Rishab' is even a real person?

I'm getting the feeling he's as real as all those innovative ground-breaking features XPY was launched with.

As I said, my money is on this latest leak being no different from the earlier ones, namely, an intentional attempt to suggest that inside information now PROVES that the $20 per coin is going to happen, you know . . . .pump.