So I am trying to wrap my head around this prime bidding crap.
According to the site
https://prime.paycoin.com/ if you have a prime controller you will
make 20,000 xpy over the course of its existence through staking.
To bid you have to have the minimum 160k to load the controller with
and then anything over that is considered the bid and the bid will be burned.
So if you bid 20,000 xpy to get a controler, you would break even.
But xpy dev is bidding over 30k for controllers.
https://ledger.paycoin.com/primebids so they are paying more than they
can ever earn back.. I don't get it.
Unless of course it's all just smoke and mirrors to make it look like there was a bidding
process, they set the stake rate to 25% and added the burning of the bid, just to make it
unappealing for anyone with any common sense ( though if you had any you wouldn't bid on it
in the first place) then have all the new primes to themselves and be able to do whatever they want
but try and make it look like it was a fair process and all about the community.
