Blazed
Casascius Addict
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Activity: 2128
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April 26, 2015, 01:54:03 PM |
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Isn't the key way too long to be for an address?
This is a good point and I would need to look into the code now to confirm or deny this. Good possible that you will only see a fraction of the wallet balance after importing the priv keys.
According to research someone (Daffy?) did a while ago the PC keys are not XPY addresses. They are private keys supplied to the wallet daemon via command line or config file and allow any address in that wallet to stake at the higher rate. That's all. No minimum balance requirement or anything like that. So the key is a secret identifier like an ID string not a wallet address? I thought you were part of this scam...you switched sides now? I have not been following this all that close so forgive my lack of following this. |
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Paul Revere
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The Scamcoats are coming!
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April 26, 2015, 01:54:58 PM |
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Isn't the key way too long to be for an address?
This is a good point and I would need to look into the code now to confirm or deny this. Good possible that you will only see a fraction of the wallet balance after importing the priv keys.
According to research someone (Daffy?) did a while ago the PC keys are not XPY addresses. They are private keys supplied to the wallet daemon via command line or config file and allow any address in that wallet to stake at the higher rate. That's all. No minimum balance requirement or anything like that. So the key is a secret identifier like an ID string not a wallet address? I thought you were part of this scam...you switched sides now? I have not been following this all that close so forgive my lack of following this. He wanted to be with the cool kids at the Bad Table in the lunchroom. |
All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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miaviator
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It's for the children!
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April 26, 2015, 01:55:37 PM |
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PayCoin Slack: "They are private keys supplied to the wallet daemon via command line or config file and allow any address in that wallet to stake at the higher rate. That's all. No minimum balance requirement or anything like that."
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bitpop
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April 26, 2015, 01:55:50 PM |
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Isn't the key way too long to be for an address?
This is a good point and I would need to look into the code now to confirm or deny this. Good possible that you will only see a fraction of the wallet balance after importing the priv keys.
According to research someone (Daffy?) did a while ago the PC keys are not XPY addresses. They are private keys supplied to the wallet daemon via command line or config file and allow any address in that wallet to stake at the higher rate. That's all. No minimum balance requirement or anything like that. So the key is a secret identifier like an ID string not a wallet address? It should be used to sign a staked block to enable larger rates |
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miaviator
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It's for the children!
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April 26, 2015, 01:57:56 PM |
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I thought you were part of this scam...you switched sides now? I have not been following this all that close so forgive my lack of following this.
Copy and paste the horizontal lines in my signature. He wanted to be with the cool kids at the Bad Table in the lunchroom.
I thought this was the troll table? |
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kken01
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April 26, 2015, 01:59:24 PM |
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miavitor ahh i get it now  the coin is fully centralized tho (since the highest volume exchange will change to any wallet provided by xpy core devs) |
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strangerdanger101
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April 26, 2015, 02:00:22 PM |
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I can't afford paycoin at these $20 prices but I have staking ready. Anyone want to send me some to test?
They can help you. I think they're legit I mean he looks trustworthy  https://btclend.org/btc/  |
What has it got in its pocketses precious? BTC: 1KctJNLwzFK8qJPsSwDrQRNxxKnVCrZm93
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miaviator
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It's for the children!
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April 26, 2015, 02:00:59 PM |
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miavitor ahh i get it now the coin is fully centralized tho (since the highest volume exchange will change to any wallet provided by xpy core devs) Don't exchanges follow A) whatever makes them the most money B) whatever causes the most community support, (therefore making them the most money) ? |
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Blazed
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April 26, 2015, 02:03:41 PM |
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I thought you were part of this scam...you switched sides now? I have not been following this all that close so forgive my lack of following this.
Copy and paste the horizontal lines in my signature. He wanted to be with the cool kids at the Bad Table in the lunchroom.
I thought this was the troll table? Sorry I have signatures blocked so I do not see them. I looked back and see you are anti GAW so ignore my question. |
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Crestington
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April 26, 2015, 02:06:13 PM |
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This is really funny. You don't need to own any paycoin, just import the private key in the wallet. This private key is a number you saw on the internet, and a number cannot be patented. You can write them into the coinbase string of a block in some shitcoin and many people will have a copy of it stored.
Don't let them intimidate you, if I write my gmail password in my github repo then its my fault if people look into my emails. That's not different here.
If you don't have any coins what would your shiny new prime controller do? How would you know if it's doing anything? How would you know if the key is even still valid? I don't know. Why are you trying to discourage people from experimenting to figure it out? A question: I was under the impression that a minimum of 125,000 XPY was required to get the insane stake rate in "Prime Controllers". Would that be the same when using these private keys? Also, an observation from a post about Gara's recent new "Josh" account on Hashtalk: He is using a @.GAWminers.com Email. That would no longer be valid, correct? Signing up to his own forum with a spoof Email.... Were not the primenode rates changed in which the primenode 10 and 20's also got 100%? |
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kken01
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April 26, 2015, 02:06:48 PM |
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that would be true if they didnt have a PC. it changes the calculation
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miaviator
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It's for the children!
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April 26, 2015, 02:08:26 PM |
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Were not the primenode rates changed in which the primenode 10 and 20's also got 100%?
Were the keys changed with the stake rate change or was it just a change to the stake rate associated with each key? |
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miaviator
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It's for the children!
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April 26, 2015, 02:10:21 PM |
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Shouldn't there be built in protection to prevent more than one wallet from staking with the same prime key?
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Crestington
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April 26, 2015, 02:11:44 PM |
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Were not the primenode rates changed in which the primenode 10 and 20's also got 100%?
Were the keys changed with the stake rate change or was it just a change to the stake rate associated with each key? New keys were not issued, it was a change in the stake rate associated with the keys https://github.com/PaycoinFoundation/paycoin/commit/cf1eaf6a485281a9150e0b21e6232c0830d8697bShouldn't there be built in protection to prevent more than one wallet from staking with the same prime key?
Yes, it's called decentralization, having the same stake rate for everyone. |
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Buckeye2015
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April 26, 2015, 02:12:57 PM |
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Should I point out that PYC and XPY is two different Coins? was just thinking that the stupid is SO STRONG with Homereo that he kills not one, but two coins at the same time... takes some strong-ass stupid to manage that |
PayCON: PHQAtLmwRXTskGqry1FBuFLnWuqMzcj1TH --==*==-- Qora: QcgdKgPD1SkqzGXWGAY1gwao7257gyGVnB --==*==-- BitCoin: 1L9NLA3wHcGwffm2avVg3tzhDGjtq9
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miaviator
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It's for the children!
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April 26, 2015, 02:17:17 PM |
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Were not the primenode rates changed in which the primenode 10 and 20's also got 100%?
Were the keys changed with the stake rate change or was it just a change to the stake rate associated with each key? New keys were not issued, it was a change in the stake rate associated with the keys https://github.com/PaycoinFoundation/paycoin/commit/cf1eaf6a485281a9150e0b21e6232c0830d8697bShouldn't there be built in protection to prevent more than one wallet from staking with the same prime key?
Yes, it's called decentralization, having the same stake rate for everyone. So, Prime Node managers have agreed and are currently NOT compounding their stake. If these keys are legit and the coin is not forked anyone else can compound stake at  ? ridiculous percent? |
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Crestington
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April 26, 2015, 02:19:00 PM |
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Were not the primenode rates changed in which the primenode 10 and 20's also got 100%?
Were the keys changed with the stake rate change or was it just a change to the stake rate associated with each key? New keys were not issued, it was a change in the stake rate associated with the keys https://github.com/PaycoinFoundation/paycoin/commit/cf1eaf6a485281a9150e0b21e6232c0830d8697bShouldn't there be built in protection to prevent more than one wallet from staking with the same prime key?
Yes, it's called decentralization, having the same stake rate for everyone. So, Prime Node managers have agreed and are currently NOT compounding their stake. If these keys are legit and the coin is not forked anyone else can compound stake at ? ridiculous percent? That is correct, and it gets worse as that is just one of the many flaws. |
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miaviator
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It's for the children!
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April 26, 2015, 02:21:43 PM |
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That is correct, and it gets worse as that is just one of the many flaws.
Keys were not rotated, Compound stake was not fixed, Stake rates are all 100% compounding, No single prime protection was developed, there is no "soft fork" or easy way to disable one or more primes, What else is there? |
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mutha
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AS8UDRR8Dc4wTyZkMT7Z5vaXtiWK9zh5Hb
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April 26, 2015, 02:22:33 PM |
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Should I point out that PYC and XPY is two different Coins? was just thinking that the stupid is SO STRONG with Homereo that he kills not one, but two coins at the same time... takes some strong-ass stupid to manage that One can only imagine what Satoshi Nakamoto would say if he read this forum and what Joshypoo the Genius at work has done with Crypto! Hmmmm maybe Joshypoo should announce he really is Satoshi Nakamoto just to put this issue to rest?
Now that would be some serious funny! |
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adipurnama
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http://goo.gl/W11Kjy
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April 26, 2015, 02:25:02 PM |
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people in HT like an idiot and a fool
they make ridiculous thread like trash
stupid ..... stupid .... once they
The world already knows paycoin is SCAME
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