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

[Crestington]

Once again. Please stop promoting your played out jokecoin in this thread. It is completely off topic and no one gives a fuck about it.

 Au contraire, how do I solo mine this shit ?

 Have PayCon.conf created, and this times out

ccminer30 -t 1 -a x13 -o 127.0.0.1:9456 -u xian -p 1234

I downloaded the client, synced the blockchain, downloaded ccminer, and it keeps timing out trying to connect to 127.0.0.1:9456 ? Wat do ?

.
It is POS only, best to ask questions on the PayCon thread.

[Subtuppel]

muddafudda created it as a clone of CzchezCoin (chezch? chech?)

that's hardly possible since that czechcoin thingy was a PoW-Coin
Without looking into the code, with its PoS-only it looks more like one of the 300+ BLK clones to me ;-)

[Crestington]

muddafudda created it as a clone of CzchezCoin (chezch? chech?)

that's hardly possible since that czechcoin thingy was a PoW-Coin
Without looking into the code, with its PoS-only it looks more like one of the 300+ BLK clones to me ;-)

BlackCoin is a good Coin, it has and is still advancing far past every other coin based on it's core.

[kcal63]

It is hard to fathom but so many on HT still remain completely delusional.
Exhibit 1 :
Just posted on HT.

New Mining Platform Announcement Tonight?
@MrCEO Is this still on for tonight? I'm excited about getting back to mining! I know a lot has happened in the last few days...

[FUBAR-BDHR]

OMGOMGOMG! Where can I buy a Yanglet? I need to have this! Amazing! PayCon is the future and will soon overtake Bitcoin.

Yanglets are automatic, they are like reverse Super Stakers

You put your money into it and everyone else gets more Coins, in a sense everyone gets a Yanglet.

Why didn't you call the coins input yangles and the output coins yinglets? 

[Crestington]

OMGOMGOMG! Where can I buy a Yanglet? I need to have this! Amazing! PayCon is the future and will soon overtake Bitcoin.

Yanglets are automatic, they are like reverse Super Stakers

You put your money into it and everyone else gets more Coins, in a sense everyone gets a Yanglet.

Why didn't you call the coins input yangles and the output coins yinglets? 

Because it feeds on dark matter hyperflux, it is the black abyss in which all money flows.

[vnhyp0]

Another thing I have not heard mention of either during the Whitewash or in the Hashtalker romper room is any thought about IF the ownership of these XPY pooping Prime Controllers are actually split between different entities, how exactly is that good for the price?

You've missed the point somewhat, there's no way to ever "fix" paycoin. Lets look at the options.

• The Prime Controllers are removed with a hard fork. PayCoin is now a shitty PeerCoin fork that's broken, the client doesn't sync more than 500 blocks at a time, and there's nobody around to fix shit if it breaks even more. The coin distribution is fucked beyond repair due to the Prime Controller bullshit, so it's dead.

• Team PayCoin attempts to pick up the pieces, maintaining their 5 Prime Controllers and trying to enforce "only" 100% inflation, Garza of course keep the other 45 keys which pump out coins until the end of time for no reason. Coin is dead due to it being stupidly over inflated and nobody ever wants or needs PayCoin to pump up the cost.

At the end of the day there's no reason for PayCoin to even exist.

https://c91475e716c8925e05c6-d2659d433205cf4410415f8dd63807af.ssl.cf5.rackcdn.com/paycoinwhitepaper.pdf

• Instant transactions aren't something that needs to be solved by an altcoin (Bitcoin can have them with multisignature oracles, just nobody can be bothered making them because there's no huge financial exit).

• Blockchain "compression" obviously doesn't need prime controller centralized bullshit to work (it's built into Bitcoin for fucks sake), the rest of the nonsense about Orion Controllers and stuff was just to justify to people why there should be people getting hyperinflation keys (so they can sell them to people with hashstaker contracts they bought from GAW, of course).

• "Immutable transactions" well, Bitcoin has those and they didn't need centralized Prime Controllers to manage it. It's being soft forked in right now. https://github.com/bitcoin/bips/blob/master/bip-0062.mediawiki

• "HybridFlex Blockchain provides archival and final confirmation of all balances" well, funny thing is that balances aren't used in the block chain at all so that was always impossible.

• "FundSafe" was never mentioned again after their whitepaper, it was just ignored because it made no sense to have "biometric signatures" as a concept in a cryptocurrency (it's impossible anyway).

• "Paycoin features an extensible block chain" (SIC) funny, Bitcoin has that too with replaceable nop-codes. You could add the entire x86 instruction set to Bitcoin with no modifications and (gasp) no altcoin. 

• "Time based contracts", "Smart Property", "Advertising Micro Payment System", "Crowdfunding", "built in escrow" all just random words thrown into the soup without any real justification. Some impossible, some already in Bitcoin, none justify the coin and none of them have ever been mentioned ever again by anybody.

• "Orion Controllers" and "Voting" never existed, transaction fees are destroyed by PeerCoin anyway.

• "The hard problem of quantity theory" what.

• Prime controllers were supposed to "perform archiving functions on the hybridflex blockchain", "reconciliation instructions for the blockchain to orion controllers", "participate in voting" (why would you vote for anyone but yourself), "have the exclusive rights to perform inter blockchain cold storage functions" (cold storage has nothing to do with the network), "stake rate of 5%" (all wallets do that anyway and it's what, like 3600% compounded for a prime controller), "voting rights to proposed changes in the codebase" (lol no). Same as above, impossible pie in the sky, just a random list of whims that were never actually coded up and never checked for sanity.

• All the stuff about prime controller eligibility is literally impossible in a decentralized network, and all the prime controllers are hardcoded anyway, there's no way of changing them or moving them without hard forking the coin.

So, what's there to save? The only people with an interest in saving PayCoin are the bagholders. Nobody wants to buy PayCoin, nobody wants to use PayCoin, nobody has a compelling reason to even want paycoin. The only reason people have PayCoin in the first place is that they saw images like this.



Who decided it was a good idea to make a "whitepaper" that's all images you can't copy from too. Unbelievable.

Thanks for the link to the white paper. I found an interesting part of it under "6.2.2 Prime Controller Functions":

"Stake rate of 5% on all funds locked in the winning bid address[9]"
9: Prime Controller stake rate is 5% of all locked bid funds as a six month yield with the stake paid daily.

Does this correlate with the current stake rate?

[Crestington]

All gifs proxy banned?

[SDRebel]

maybe this was posted before, but I didn't see it
grabbed from
https://hashtalk.org/topic/36162/prime-control-owners/2


https://onedrive.live.com/view.aspx?cid=B33FA1DD0AD92925&resid=b33fa1dd0ad92925!7858&qt=sharedby&app=WordPdf



edit:
i fail at uploading pic

http://imgur.com/76fz2Ue


edit:
another try
<a href="http://imgur.com/76fz2Ue"><img src="https://i.imgur.com/76fz2Ue.jpg?1" title="source: imgur.com" /></a>

edit:
last one before I off myself



last edit:
phew, that worked, I didn't have to off myself

[vnhyp0]

I throw up a little whenever I have to read one of the Paycon shill posts in this thread. Go back to your unfunny joke thread please.

Totally agree, it's not funny.

I think satire is a legitimate way to reflect and communicate about the GAW/Paycoin scam. I don't know who created PayCon  and I never even looked at its thread or website, but the things they post here for me work well as satire.

muddafudda created it as a clone of CzchezCoin (chezch? chech?), any ways I thought it was great idea to show that you can do more without a million dollar fund. We've spend a few dollars (under $1000), upgraded the code quite a bit, and rolling out new features soonTM, it's really not difficult to make something better....

Waste so much time arguing and suing people over money.

Once again. Please stop promoting your played out jokecoin in this thread. It is completely off topic and no one gives a fuck about it.

It only affects people who already own it, not about buying or selling. Not off-topic since it is a point that you don't need a CAF fund.

Make another thread for people who already own it and quit spamming this thread please.

[coinits]

Seems some of us are leaving an impression - I can even read Gawtard.

[rawbot]

Make another thread for people who already own it and quit spamming this thread please.

I totally agree.  If people could mine some for themselves it wouldn't be so bad but POS only?  Fuck that.  Take your marketing elsewhere, because that is what it has become.   It is not parody, or ridicule of Paycoin anymore.  You are marketing your coin now.

[Crestington]

I lost my message, going to fix it up in a new post

[coinits]

Make another thread for people who already own it and quit spamming this thread please.

I totally agree.  If people could mine some for themselves it wouldn't be so bad but POS only?  Fuck that.  Take your marketing elsewhere, because that is what it has become.   It is not parody, or ridicule of Paycoin anymore.  You are marketing your coin now.

Disagree. If you have been here since the beginning then the PayCon posts are 100% on topic. Paycoin and this OP spawned it. Now lighten up Francis.

DISCLOSURE: I have ever mined nor owned PayCon.

[Crestington]

Another thing I have not heard mention of either during the Whitewash or in the Hashtalker romper room is any thought about IF the ownership of these XPY pooping Prime Controllers are actually split between different entities, how exactly is that good for the price?

You've missed the point somewhat, there's no way to ever "fix" paycoin. Lets look at the options.

• The Prime Controllers are removed with a hard fork. PayCoin is now a shitty PeerCoin fork that's broken, the client doesn't sync more than 500 blocks at a time, and there's nobody around to fix shit if it breaks even more. The coin distribution is fucked beyond repair due to the Prime Controller bullshit, so it's dead.

• Team PayCoin attempts to pick up the pieces, maintaining their 5 Prime Controllers and trying to enforce "only" 100% inflation, Garza of course keep the other 45 keys which pump out coins until the end of time for no reason. Coin is dead due to it being stupidly over inflated and nobody ever wants or needs PayCoin to pump up the cost.

At the end of the day there's no reason for PayCoin to even exist.

https://c91475e716c8925e05c6-d2659d433205cf4410415f8dd63807af.ssl.cf5.rackcdn.com/paycoinwhitepaper.pdf

• Instant transactions aren't something that needs to be solved by an altcoin (Bitcoin can have them with multisignature oracles, just nobody can be bothered making them because there's no huge financial exit).

• Blockchain "compression" obviously doesn't need prime controller centralized bullshit to work (it's built into Bitcoin for fucks sake), the rest of the nonsense about Orion Controllers and stuff was just to justify to people why there should be people getting hyperinflation keys (so they can sell them to people with hashstaker contracts they bought from GAW, of course).

• "Immutable transactions" well, Bitcoin has those and they didn't need centralized Prime Controllers to manage it. It's being soft forked in right now. https://github.com/bitcoin/bips/blob/master/bip-0062.mediawiki

• "HybridFlex Blockchain provides archival and final confirmation of all balances" well, funny thing is that balances aren't used in the block chain at all so that was always impossible.

• "FundSafe" was never mentioned again after their whitepaper, it was just ignored because it made no sense to have "biometric signatures" as a concept in a cryptocurrency (it's impossible anyway).

• "Paycoin features an extensible block chain" (SIC) funny, Bitcoin has that too with replaceable nop-codes. You could add the entire x86 instruction set to Bitcoin with no modifications and (gasp) no altcoin. 

• "Time based contracts", "Smart Property", "Advertising Micro Payment System", "Crowdfunding", "built in escrow" all just random words thrown into the soup without any real justification. Some impossible, some already in Bitcoin, none justify the coin and none of them have ever been mentioned ever again by anybody.

• "Orion Controllers" and "Voting" never existed, transaction fees are destroyed by PeerCoin anyway.

• "The hard problem of quantity theory" what.

• Prime controllers were supposed to "perform archiving functions on the hybridflex blockchain", "reconciliation instructions for the blockchain to orion controllers", "participate in voting" (why would you vote for anyone but yourself), "have the exclusive rights to perform inter blockchain cold storage functions" (cold storage has nothing to do with the network), "stake rate of 5%" (all wallets do that anyway and it's what, like 3600% compounded for a prime controller), "voting rights to proposed changes in the codebase" (lol no). Same as above, impossible pie in the sky, just a random list of whims that were never actually coded up and never checked for sanity.

• All the stuff about prime controller eligibility is literally impossible in a decentralized network, and all the prime controllers are hardcoded anyway, there's no way of changing them or moving them without hard forking the coin.

So, what's there to save? The only people with an interest in saving PayCoin are the bagholders. Nobody wants to buy PayCoin, nobody wants to use PayCoin, nobody has a compelling reason to even want paycoin. The only reason people have PayCoin in the first place is that they saw images like this.



Who decided it was a good idea to make a "whitepaper" that's all images you can't copy from too. Unbelievable.

Thanks for the link to the white paper. I found an interesting part of it under "6.2.2 Prime Controller Functions":

"Stake rate of 5% on all funds locked in the winning bid address[9]"
9: Prime Controller stake rate is 5% of all locked bid funds as a six month yield with the stake paid daily.

Does this correlate with the current stake rate?

I don't think you need instant transactions with a Blockchain, since you don't want to be paying for cups of coffee without any Blockchain compression, XPY currently does not work because it requires a hardfork to make changes and fix problems but no one knows anything so Josh/GAW would have to generate more Coins to pay for expenses (power, payroll, marketing etc and deflating the price) I think you could actually define it as a Ponzi scheme since you are trading the devaluing currency without constant new influx of people.

[Paul Revere]

Seems some of us are leaving an impression - I can even read Gawtard.

This gender based tator discrimination is an outrage and must be rooted out wherever it sprouts and grows! Tuber sure, I yam looking forward with an eye to the future where all tators are equally baked , grilled, and mashed in all forums!



P.S: Eye butter these Hashtalker guys are just boiled and sour creamed about you espudzin the truth about their instant get rich scheme, but we all know the are just flakes, that place sure seems to atractor a crop of them and there is a famine of common sense in that field. These spuds really need to ketchup, it's like they just fell off of the turnip wagon. If they could potato what is really going on eye butter they would not be so steamed. Maybe they should go get fried and stay furrow way from forums. Can you dig?

[coinits]

Seems some of us are leaving an impression - I can even read Gawtard.

https://i.imgur.com/2c7nuFJ.jpg

This gender based tator discrimination is an outrage and must be rooted out wherever it sprouts and grows! Tuber sure, I yam looking forward with an eye to the future where all tators are equally baked , grilled, and mashed in all forums!



P.S: Eye butter these Hashtalker guys are just boiled and sour creamed about you espudzin the truth about their instant get rich scheme, but we all know the are just flakes, that place sure seems to atractor a crop of them and there is a famine of common sense in that field. These spuds really need to ketchup, it's like they just fell off of the turnip wagon. If they could potato what is really going on eye butter they would not be so steamed. Maybe they should go get fried and stay furrow way from forums. Can you dig?

Wait? What? BUWHAHAHAHAHAHAHAHAHAHAH!

[5ick3uffalo]

last edit:
phew, that worked, I didn't have to off myself

PayCoin - it´s all about how these Primecontroller Owners make most $$$$.

How can it be the "peoples money" ever is beyond me.


Aweful coin really and heavily premined also. Even 3 cents per coin is WAY to much.

[suchmoon]

Warning - long text follows. But really worth the read.

Please keep in mind that it flows like this:

Username
text text text


http://pastebin.com/0kkXASVN

I came across this completely accidentally browsing random pastebins. True story.

Some juicy teasers:

MrCEO
I just got a call, and you need to pass this on
the SEC and the FBI are now looking at this

sciborg
wait wait wait ?
the SEC is fining GAW ?

MrCEO
you guys f'ed the community
I told you guys not to do this, and that we needed to find another way
but they did not listen
this is why I think people should sell
they may not get to very soon

MrCEO
I do not know how to make this more clear. If there is a live talk, about who owns what prime controllers and the SEC sees that we are not managing the ones we should, they will seize all of them

But really - read the whole thing:
http://pastebin.com/0kkXASVN

[coinits]

Warning - long text follows. But really worth the read.

Please keep in mind that it flows like this:

Username
text text text


http://pastebin.com/0kkXASVN

I came across this completely accidentally browsing random pastebins. True story.

Some juicy teasers:

MrCEO
I just got a call, and you need to pass this on
the SEC and the FBI are now looking at this

sciborg
wait wait wait ?
the SEC is fining GAW ?

MrCEO
you guys f'ed the community
I told you guys not to do this, and that we needed to find another way
but they did not listen
this is why I think people should sell
they may not get to very soon

MrCEO
I do not know how to make this more clear. If there is a live talk, about who owns what prime controllers and the SEC sees that we are not managing the ones we should, they will seize all of them

But really - read the whole thing:
http://pastebin.com/0kkXASVN

So just about to head to bed for the night and this comes in. Time for Paul Revere to queue up James Brown. Popcorn time yet again.

Who made this public?

My big question is why does it matter to the Feds who owns Prime Controllers? It is all a scam. The ownership of them triggering a SWAT of these fucks just does not make sense. Doesn't matter who owns them, it is all scam.

Guess someone above my pay grade will figure it out.