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

[Fargo]

waste of a hour

[suchmoon]

waste of a hour

I stopped watching after about 10 minutes. Did they ever address any of these:

1) why 100% staking is needed
2) how and why exactly did each group come into possession of PCs
3) is there going to be any real transparency, i.e. cryptographic proof of PC ownership, staking, dumping etc
4) how exactly is any of this going to benefit the coin and/or the "regular" bagholders

[kken01]

what a god damn nothing burger

the only thing it showed really that Mr Gorgonzola is going to get reamed by the authorities. and they know it & are washing their hands of his stench while theres still time, get ahead of it so it doesnt crash paycoin when it happens

1-3 not answered

they talked some about micro PC's as exit strategy from zen with some products (we knew exit strategy was planned tho). they are going to force activate shit you have on zen if you havent already
orion controllers supposedly already are implemented in the code... wait what? but need testing or some crap. i was falling asleep (for real) at this point so i dont remember if thats totally correct

[suchmoon]

what a god damn nothing burger

the only thing it showed really that Mr Gorgonzola is going to get reamed by the authorities. and they know it & are washing their hands of his stench while theres still time, get ahead of it so it doesnt crash paycoin when it happens

1-3 not answered

they talked some about micro PC's as exit strategy from zen with some products (we knew exit strategy was planned tho). they are going to force activate shit you have on zen if you havent already
orion controllers supposedly already are implemented in the code... wait what? but need testing or some crap. i was falling asleep (for real) at this point so i dont remember if thats totally correct

I know that there is a plan to have Hashstaker payouts go directly to users' wallets so that no PNGs would be needed anymore. That part is fine but all it really does is fulfill GAW's inflationary obligations. Except "immortal" Hashstakers, those still need to be addressed after the 6 months.

By the way tomorrow is April 10, the voucher day for Hashlets. Any bets on how well that's going to go?

[dyask]

waste of a hour

I stopped watching after about 10 minutes. Did they ever address any of these:

1) why 100% staking is needed
2) how and why exactly did each group come into possession of PCs
3) is there going to be any real transparency, i.e. cryptographic proof of PC ownership, staking, dumping etc
4) how exactly is any of this going to benefit the coin and/or the "regular" bagholders

1) The 100% staking is to replace the 350% staking.   But the details aren't clear. 

No comments about the rest.

[cooldgamer]

Market don't care, it's dead.  Now to just make more popcorn and see how it all goes down.

[truckinusa]

If this is the "people's" coin then why is there even a vote by the prime controllers on decisions related to the coin.  Shouldn't "The People" vote on their coin?  No Josh and former Joshites.  I also think they should just randomly assign prime controller status to a random wallet each month.  Wouldn't that generate interest in the coin?

[suchmoon]

If this is the "people's" coin then why is there even a vote by the prime controllers on decisions related to the coin.  Shouldn't "The People" vote on their coin?  No Josh and former Joshites.  I also think they should just randomly assign prime controller status to a random wallet each month.  Wouldn't that generate interest in the coin?

Considering that a Prime Controller right now is a regular wallet with a hardcoded high staking rate they might just do a raffle each month and be done with it.

It'll be interesting to see if they actually implement the instant transaction thing that Prime Controllers were supposed to provide. So far I'm failing to understand how the 100% staking rate is helpful for the already hyperinflated coin.

[favdesu]

If this is the "people's" coin then why is there even a vote by the prime controllers on decisions related to the coin.  Shouldn't "The People" vote on their coin?  No Josh and former Joshites.  I also think they should just randomly assign prime controller status to a random wallet each month.  Wouldn't that generate interest in the coin?

Considering that a Prime Controller right now is a regular wallet with a hardcoded high staking rate they might just do a raffle each month and be done with it.

It'll be interesting to see if they actually implement the instant transaction thing that Prime Controllers were supposed to provide. So far I'm failing to understand how the 100% staking rate is helpful for the already hyperinflated coin.

I think at this point it's save to assume that everyone's sole interest is about their money. with everyone I mean The People. With The People I mean Prime Controllers.

What's missing is a smart CEO with an actual Fund and no hype. Never gonna happen with this coin.

[magaman]

Nothing screams I should be confident in this financial scheme other yellow tinted glasses. It would have been great to see one of these dolts get swatted for real.

[Franz_Huber]

https://www.youtube.com/watch?v=toYbyLd6v5s

Wow, to see the leading idiots who fell for / run the Paycoin scam on video.... hilarious.

[kken01]

oh yeah there was a part where Adam was saying he would want anyone who has a stake in the coin to be able to vote how things are done. he brought up 1 coin = 1 vote thing but wasnt sure if thats the best way to achieve it

that was the best part for "the people" in the whole thing

[Franz_Huber]

These morons really talk about their scamshitcoin like it was a serious cryptocurrency and legitimate business. Amazing.

[Buckeye2015]

These morons really talk about their scamshitcoin like it was a serious cryptocurrency and legitimate business. Amazing.

Yeah... watching that guy on the far left... that's their development lead? And the guy who can't get the dev net to move past pow.... these people are just hacking at code they swiped from somewhere else.

Also, ref the $300million ... they have 30 volunteer developers and that's SO much better than being able to afford real programmers!  I think it was the Jade guy that said no other company could match 30 volunteers!  Um... wow... that surely justifies the investment people made under the impression that there was a $300 million dollar fund behind the project!

AND, where did all these non-profits pop up from? They must have held a meeting and said, "and you get a non-profit w/# prime controllers.... and you get a non-profit.... "  Do they think donations to these "non-profits" will hide their profits?  Especially when the leaders of these non-profits are personally benefiting from them?  Geeze... just pull in another aspect of the US law.

[Franz_Huber]

GAWD just had a bad day yesterday! But He still loves you!!!

[kken01]

the craziest thing is that Mr. Gorgonzola built such a cult of personality (the dear leader) that even when people are trying to change the course of the titanic, they choose Mr. Garbazzo over the other guys who only want to crash into 1 iceberg  

they rather get a a-bombed

[Buckeye2015]

• Someone mentioned there was a leaked email of him realising that the mining center was actually a huge mistake and not profitable, is there an archive of that? If so that's some pretty insane lack of foresight, why was he doing the math for that after purchasing a $50,000 transformer, signing a contract with minimum costs, and agreeing to pay what amounts to $0.10 / kW/h? That power cost is absolutely insane by the way, no wonder they shut down the farm with costs like that, but it's a massive wonder why they didn't realise this to begin with.

In the email, he realized that buying the xpy at $20USD was going to be a fiasco. I don't remember any email about the mining facilities in the same vein. So, he never intended to do the $20/xpy 'in real life' but continued to play it along through the honor program, then the coinstand...

At this point, xpy is really just another shitcoin w/a small group of people set up to make money off of it still trying to keep it alive.  I loved how mordica called himself a volunteer... well, even with xpy at $0.20/ea, he's still making money off his prime controllers. Time for people to start asking for the public documents on all those non-profits to see how much all those 'directors' are being paid to produce a couple google hangouts every now and then...

[Buckeye2015]

In the email, he realized that buying the xpy at $20USD was going to be a fiasco. I don't remember any email about the mining facilities in the same vein. So, he never intended to do the $20/xpy 'in real life' but continued to play it along through the honor program, then the coinstand...

Ah that makes a lot more sense, I didn't think there had been much mention of their mining farm at all recently. Similar amount of foresight by the sounds of things (paraphrased) "always profitable!" "our $20 floor is too big to fall!" (one month passes) "fuck this can't work".

Bigger question is, why hasn't he stopped digging? Even just that power company lawsuit is going to sink him.

Ref: one month passes.... the email was well before the release of paycoin... it was more like 1 month before than 1 month passes.... that's why the $20 buy only lasted for at most minutes?  (I've never been able to find a chart showing that paycoin was ever bought for $20... the highest I've seen is a little over $18)

Who actually owns the property at that site?  Did they rent it or is this another person who managed to cashout in this scam by getting a free building with a $60k power system?

[kken01]

i bet he doesnt realize they would love to slam a russian into a jail for cyber terrorism in EU. thx to increased tensions
slap the book at him & make GCHQ look good. you can get royally fucked, no pun intended  

[strangerdanger101]

well well well look who it is

Is that Mordica?

yes, that's Joe Mordica. He owns what? 5 PC?

Also, did someone record this (still catching up) - I have to see it. Youtube please

Also what they are forgetting is that Joe is/was as big a liar and possibly even bigger than Homero.  Only difference is Joe can keep his mouth shut which makes him dangerous.  Same shit different pile.  He just wants the value raised because Homero mostly payed him in XPY and he can't dump his shit coin and get payed until then.  What you need to ask yourself is would you trust your fiat with anyone one of these shmucks because this isn't the peoples coin its THEIR coin.