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

[Crestington]

Sorry guys, but can I have a summarized explanation concerning the stuff about Prime Controllers, Cryptsy, and the supposed fork? It's really hard to keep up right now, and I really don't get what is going on.

Paycoin is going down because of even more inflation added as all 10% and 20% primes are now 100% but the 350% primes became 100% and Cryptsy now has one of these primes.

In general, more bad news if you hold PayCoin.

[1714954217]

1714954217

[1714954217]

1714954217

[strangerdanger101]

We are open to any suggestions as to what to do with the controller.

Return the controller.
Delist XPY.
Try to salvage reputation.

+1 this is the only viable solution

[byt411]

Sorry guys, but can I have a summarized explanation concerning the stuff about Prime Controllers, Cryptsy, and the supposed fork? It's really hard to keep up right now, and I really don't get what is going on.

Paycoin is going down because of even more inflation added as all 10% and 20% primes are now 100% but the 350% primes became 100% and Cryptsy now has one of these primes.

In general, more bad news if you hold PayCoin.

How did the Prime Controllers gain such a significant boost in staking rate?

[mutha]

Well this has backfired

The points I do want to make

1. We never wanted to profit off the prime node. And made it a point to make our addresses public so everyone could verify that

2. We wanted to give the people a vote. Currently its all ran by gaw and the paycoin foundation as well as other unknown parties. I think we can all agree its been a mess. We hoped this would at least give our users a say in what happens. As keeping our customers happy is the number one goal. Our vote essentially goes with the community

3. Any step paycoin takes that distances itself from gaw is a good step in my opinion. The keys were not going to be removed from the code so why not make it public and show people they now can verify those 3 controllers aren't dumping their coins. And now that we have a vote thats one vote in your favor towards removing them from the codebase all together as well as any other unknown controllers

Regardless. The overall feedback has been negative. We are open to any suggestions as to what to do with the controller. The only way cryptsy was going to benefit from this situation is if some good comes out of us having the controller in the communities eyes.

We wont be taking any more controllers that are offered to us

I hate it when that happens... you buy something you do not know what it is or what to do with it!

You guys are straight up business geniuses!

My suggestion is simple, avoid Cryptsy and XPY...... problem solved!  

[suchmoon]

If we consider just the technical side the best thing to do would be to burn the stake and keep the principal coins locked up, until a fork is developed that gets rid of the unbalanced inflation. Not distribute to the users. Burning the stake would reduce the inflation and keeping the controllers would allow Cryptsy to still participate in the voting. But with only 3 votes I'm not sure it's really worth risking the bad publicity.

I thought cryptsy was only gifted 1 PC?

And why not burn 100% of the coins? Is there a reason that burning all the coins until the PC is empty would remove their imaginary voting rights?

Why are PC's imaginary voting rights even being taken seriously?

Cryptsy were planning to get 3 PCs, it was posted a few pages back. Edit: he mentions it here: https://bitcointalk.org/index.php?topic=857670.msg11194663#msg11194663

I don't know if burning the coins would remove voting rights - if not then sure, burn them. As for taking them seriously - no clue, that's why it's prefixed with "If we consider just the technical side". Burning the stake would at least somewhat reduce the inflation, as opposed to what mullick was suggesting, i.e. sharing the gains with users. If the principal can be burned too - even better. It only cost them $1 after all.

[rawbot]

How did the Prime Controllers gain such a significant boost in staking rate?

A line or two of code probably.

[dogetime]

Wow Cryptsy fucked up big time by getting further involved with this shitcoin. Who would think getting involved with a toxic coin and toxic brand that is largely hated in the cryptocurrency space would be a good business decision for a business operating in that space? Cryptsy may as well say that they're planning on partnering with MtGox at this rate...

[rawbot]

Burning the stake would at least somewhat reduce the inflation, as opposed to what mullick was suggesting, i.e. sharing the gains with users. If the principal can be burned too - even better. It only cost them $1 after all.

Burning at the stake would be a better way forward.

[HashieNewb]

How did the Prime Controllers gain such a significant boost in staking rate?

A line or two of code probably.

yep, credit to vance
https://vancefox.wordpress.com/2015/03/30/paycoin-xpy/

[iCEBREAKER]

Wow Cryptsy fucked up big time by getting further involved with this shitcoin. Who would think getting involved with a toxic coin and toxic brand that is largely hated in the cryptocurrency space would be a good business decision for a business operating in that space? Cryptsy may as well say that they're planning on partnering with MtGox at this rate...

I don't know, Cryptsy and DASH seem like a perfect match to me.  A scam exchange for a scam coin.

Oh wait, you weren't talking about DASH?  My bad!  

[vancefox]

How did the Prime Controllers gain such a significant boost in staking rate?

A line or two of code probably.

Actually a few lines...

Code:

33 / ( 365 * 33 + 8) = 0.00273790757487762382809259105617

Daily Rate * 350 = 0.95826765120716833983240686965901
Daily Rate * 100 = 0.27379075748776238280925910561686
Daily Rate * 20  = 0.05475815149755247656185182112337
Daily Rate * 10  = 0.02737907574877623828092591056169
Daily Rate * 5    = 0.01368953787438811914046295528084

[coinits]

Wow Cryptsy fucked up big time by getting further involved with this shitcoin. Who would think getting involved with a toxic coin and toxic brand that is largely hated in the cryptocurrency space would be a good business decision for a business operating in that space? Cryptsy may as well say that they're planning on partnering with MtGox at this rate...

I don't know, Cryptsy and DASH seem like a perfect match to me.  A scam exchange for a scam coin.

Oh wait, you weren't talking about DASH?  My bad!  

Dash has their own version of Prime Controllers. Creator of coin gave himself 2 million pre-mined coins. Made himself a millionaire by cashing in. Another shitcoin scam.

[Bit_Happy]

How did the Prime Controllers gain such a significant boost in staking rate?

A line or two of code probably.

Actually a few lines...

Code:

33 / ( 365 * 33 + 8) = 0.00273790757487762382809259105617

Daily Rate * 350 = 0.95826765120716833983240686965901
Daily Rate * 100 = 0.27379075748776238280925910561686
Daily Rate * 20  = 0.05475815149755247656185182112337
Daily Rate * 10  = 0.02737907574877623828092591056169
Daily Rate * 5    = 0.01368953787438811914046295528084

The staking rate can be changed to virtually zero if the community takes over and puts an end to the "elites" party.
Let's do it, no more millions in pay for the Prime class...

[WaffleMaster]

I had to change my bottom tags.

GAWCEO, MrCEO, josg21, Homero Garza, Josh Garza, Homero Josh Garza, Homero Joshua Garza, H. Josh Garza, H. Joshua Garza, Fraud, Scam, Rippoff, Cryptsy

[strangerdanger101]

[miaviator]

I had to change my bottom tags.

GAWCEO, MrCEO, josg21, Homero Garza, Josh Garza, Homero Josh Garza, Homero Joshua Garza, H. Josh Garza, H. Joshua Garza, Fraud, Scam, Rippoff, Cryptsy

Copy and paste the two horizontal lines in my signature

[FUBAR-BDHR]

By the time he gets out of jail he should have no problem holding all of those.

[miaviator]

[nemesio]

Translation:

You people sucked, didn't do as i said, didn't keep the value up, and didn't make my coins and staked earnings worth the 10's of millions that i had anticipated them to be worth. So you stop your crying, and do as i said before, and YOU guys raise the floor for me.

Thank you, and fuck off.

JG

[suchmoon]

Can you lose (or loose in Garzaspeak) something you never had?

He probably misspoke, he meant to say "My landlord lost 10s of thousands. That's exactly what I am doing".