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

[Paul Revere]

It's sad when you have to convince a company not to be complicit in fraud

"we were not doing it for any sort of profit"

You know, because Cryptsy is a charity, not a for profit company.   Please stop trying to play everyone for fools, Mullick.

P.S:

It's sad when you have to convince a company not to be complicit in fraud

We were never going to be. The whole point was for us to do everything we can to stop the fraud. And perhaps help a few people who lost a great deal of money to the whole mess of a situation to recover part of what they lost.

And helping inflate the supply of XPY helps people recover what they lost how? Complete and total idiocy.

[1715200883]

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[1715200883]

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[mullick]

It's sad when you have to convince a company not to be complicit in fraud

"we were not doing it for any sort of profit"

You know, because Cryptsy is a charity, not a for profit company.   Please stop trying to play everyone for fools, Mullick.

Im not. Look at the addresses we provided the second we announced the node. No coins have moved. How has the benefitted cryptsy in any way?

[skinnyboy]

It's sad when you have to convince a company not to be complicit in fraud

We were never going to be. The whole point was for us to do everything we can to stop the fraud. And perhaps help a few people who lost a great deal of money to the whole mess of a situation to recover part of what they lost.

Your only responsibility would (arguably) be to stop listing it.  You aren't responsible for stopping the fraud.

[kken01]

that can be true for now. you can decide tomorrow that this is part of your loyalty program and give staked coins to your customers (globally). its based on your whims

also scraping is done manually i think so you could abuse 350% stake if you so decide. you have a vote in paycoins future
cryptsy is not neutral. you are directly involved with the coin

its all totally fucked up

[miaviator]

It will be interesting to see how the concept of barrier to entry (125,000 coins) plays out in real life.   With the price of the coin so low that barrier isn't nearly as high as initially conceived: $17,500 (spot price market rise would certainly increase this) vs $2.5 Million USD.

If anyone has 125,000 coins why would they compound stake or do something else nefarious towards the coin?   Also wouldn't dumping that many coins at once accomplish a similar end goal?

[Crestington]

It's sad when you have to convince a company not to be complicit in fraud

"we were not doing it for any sort of profit"

You know, because Cryptsy is a charity, not a for profit company.   Please stop trying to play everyone for fools, Mullick.

Im not. Look at the addresses we provided the second we announced the node. No coins have moved. How has the benefitted cryptsy in any way?

Is this not exactly like auroracoin? Huge premine being sold off onto holders and exchanges profiting on the way down, doesn't matter if you can sell into holders.

[Paul Revere]

It's sad when you have to convince a company not to be complicit in fraud

"we were not doing it for any sort of profit"

You know, because Cryptsy is a charity, not a for profit company.   Please stop trying to play everyone for fools, Mullick.

Im not. Look at the addresses we provided the second we announced the node. No coins have moved. How has the benefitted cryptsy in any way?

Bribing customers with some handouts so they choose your exchange is definitely a for profit move. Actively engaging in the continuance of the Paycoin scam so Cryptsy can continue to profit from trades is definitely a for profit move. You sir, are a very poor fucking liar. Please stop trying to play everyone for fools.

[favdesu]

It's sad when you have to convince a company not to be complicit in fraud

We were never going to be. The whole point was for us to do everything we can to stop the fraud. And perhaps help a few people who lost a great deal of money to the whole mess of a situation to recover part of what they lost.

Your only responsibility would (arguably) be to stop listing it.  You aren't responsible for stopping the fraud.

fully agree. they should just de-list the coin to prevent new people from blowing money into this mess.

[mullick]

that can be true for now. you can decide tomorrow that this is part of your loyalty program and give staked coins to your customers (globally). its based on your whims

also scraping is done manually i think so you could abuse 350% stake if you so decide. you have a vote in paycoins future

its all totally fucked up

There are no 350% node anymore. And our node if offline at this time

If we started dumping the coins or distributing them now we can clearly see the backlash that would cause. We wont be doing that

[miaviator]

I changed your quote below:

that can be true for now. you can decide tomorrow that this is part of your loyalty program and give staked coins to your customers (globally). its based on your whims

also scraping is done manually i think so you could abuse 350% 100% stake [rate by compounding] if you so decide. you have a vote in paycoins future
cryptsy is not neutral. you are directly involved with the coin

its all totally fucked up

[strangerdanger101]

It's sad when you have to convince a company not to be complicit in fraud

We were never going to be. The whole point was for us to do everything we can to stop the fraud. And perhaps help a few people who lost a great deal of money to the whole mess of a situation to recover part of what they lost.

[kken01]

did you promise not to give out staked coins?

i understand you promised not to dump the 125k

[mullick]

did you promise not to give out staked coins?

i understand you promised not to dump the 125k

At the time we thought the community would see that as a good thing vs. The foundation or GAW doing whatever they please with the coins and giving no transparency.

Based on the reaction we can see that is not the case

[suchmoon]

https://github.com/PaycoinFoundation/paycoin/blob/cf1eaf6a485281a9150e0b21e6232c0830d8697b/src/main.h

src/main.h

Code:

63	static const int64 MINIMUM_FOR_ORION = 50 * COIN;
64	static const int64 MINIMUM_FOR_PRIMENODE = 125000 * COIN;

So I was wrong, there is apparently a minimum. Which makes the leaked keys somewhat less dangerous - to make use of them someone would have to spend $20k or whatever the exchange rate is now.

[mutha]

It's sad when you have to convince a company not to be complicit in fraud

"we were not doing it for any sort of profit"

You know, because Cryptsy is a charity, not a for profit company.   Please stop trying to play everyone for fools, Mullick.

Im not. Look at the addresses we provided the second we announced the node. No coins have moved. How has the benefitted cryptsy in any way?

If you are having a problem understanding what you have here... it is easily explained in this post.

https://bitcointalk.org/index.php?topic=857670.msg11192369#msg11192369

That is simplified as much as it can be simplified.

[bitillionaire]

did you promise not to give out staked coins?

i understand you promised not to dump the 125k

At the time we thought the community would see that as a good thing vs. The foundation or GAW doing whatever they please with the coins and giving no transparency.

Based on the reaction we can see that is not the case

[GIFOS]

did you promise not to give out staked coins?

i understand you promised not to dump the 125k

At the time we thought the community would see that as a good thing vs. The foundation or GAW doing whatever they please with the coins and giving no transparency.

Based on the reaction we can see that is not the case

It funny how everyone gets a PC says they want to be transparent and they will not dump
any coins but once the PC's are put in their hands things change!
Look at the foundation and Adam, they said they would be transparent and not coins would
 be sold off but yet they sold "some" off to pay server bills?
It very hard to turn off that money printing xpy PC, all units should have been reduced to
10% rate across the board on the first fork then inflation would have been corrected the first
time instead of pissing around with additional forks (Coming SOON™).
As for a coin exchange also getting involved in a known corrupt coin at this point in time its
stupid on Cryptsy's part and they will face the consequences of their actions.

[GIFOS]

https://github.com/PaycoinFoundation/paycoin/blob/cf1eaf6a485281a9150e0b21e6232c0830d8697b/src/main.h

src/main.h

Code:

63	static const int64 MINIMUM_FOR_ORION = 50 * COIN;
64	static const int64 MINIMUM_FOR_PRIMENODE = 125000 * COIN;

So I was wrong, there is apparently a minimum. Which makes the leaked keys somewhat less dangerous - to make use of them someone would have to spend $20k or whatever the exchange rate is now.

Or someone would have to be in posession of 125k coins like BTClend.
Currently there are 58 addresses with over 125k in their wallets.

[miaviator]

https://github.com/PaycoinFoundation/paycoin/blob/cf1eaf6a485281a9150e0b21e6232c0830d8697b/src/main.h

src/main.h

Code:

63	static const int64 MINIMUM_FOR_ORION = 50 * COIN;
64	static const int64 MINIMUM_FOR_PRIMENODE = 125000 * COIN;

So I was wrong, there is apparently a minimum. Which makes the leaked keys somewhat less dangerous - to make use of them someone would have to spend $20k or whatever the exchange rate is now.

Or someone would have to be in posession of 125k coins like BTClend.
Currently there are 58 addresses with over 125k in their wallets.

50 of those, 49 after last night, would be Prime Nodes themselves.  That leaves 9 addresses with over 125K? 

[miaviator]

Crestington,

Is there any way to identify if someone starts staking with these keys?  Would we just see extra inflation on the chain?