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

[🏰 TradeFortress 🏰]

Anyone interested in creating something like gawscam.com?

[Snipe85]

Anyone interested in creating something like gawscam.com?

Scam? Your trust is full of this word, is that why you like it so much?

[bubbaj]

This whole project is not about the miner it is about Pay Base, just needed the cash to get it up and running.

[raskul]

if you mine it, it will be there to be mined. if you don't mine it, it won't be there to be mined.

much like any other coin with a total coin supply, only, without a total coin supply.

uhuh.

Sorry edited the post too late. Not Mine but Stake.

well that's OK then, if it's using less electricity to produce infinite coins, which multiply like gremlins in water.
/s
the thot plickens.

[maildir]

One of the crypto rags scored a leaked picture of the new Hashstaker thing, one really has to admit the design is stupendous, undoubtedly quite a bit was spent on industrial design. Just look at those gorgeous lines. This should make anyone extremely proud it have it even in their living room.

[DARKANGEL6415]

This is interesting:

Q: Will Genesis get the option to mine PayCoin, considering its SHA-256 algorithm?
A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.

Sounds like no outside mining, if even their own Genesis can't mine it. Also doesn't fit the other answers stating that Hashpoints will be discontinued once PayCoin shows up.

Unless they set it so that Hashpool is an option and people still convert HP to PC rather than mine PC directly.

It's still an odd setup - you have a SHA256 coin that can't be mined with a SHA256 hashlet, but can be mined with the pseudo-Scrypt hashlets. Or are you saying they would make HP Pool an option for Genesis?

Edit: this seems to have been retracted. So the question about who/what/how will be able to mine PayCoin is still open.

GAW_CEO
Admins
Global Moderator
Industry Innovator

  @Full-Metal-B*tch said:

    @GAW_CEO said:

      Q: Will Genesis get the option to mine PayCoin, considering it's SHA-256 algorithm?
      A: Paycoins POW stage will only be available for a small period of time. Our technical team is still analyzing the possibility of changing over equipment to mine PayCoin during the PoW   
stage. We believe that allowing the HashPoint pool to stay online during this phase is the best way to allow customers to earn PayCoins during the PoW phase.

    Am I reading this as Zens will still be able to mine Pay Coins by proxy via hash points during the POW stage (i.e. after the coin launches?)
    Also, how long is the POW stage and POS stage?

Sorry, this should not have been in there. We considered letting hashpool stay up, but we decided to end it at the end of the second round as originally stated

It's almost as if they're completely making shit up as they go along.

lol that picture is priceless i really like it. I made copy of it and posted is as wallpaper on laptop. i wonder how long till someone notices it from my household and ask as to why i have itput up lol

[suchmoon]

@coinfire - you need to subpoena hashtalk.org's logs and cross check the IP's there with the intruder's IP that took down your site. If the clown was even smart enough to have used a proxy he would have been using it there as well. There is no doubt it was a fanboi and one who is more than likely very active in that cesspool.

Your choosing the way of least resistance. It could as well be the competition, because in a case of a company hacking a news site the company is going to be the loser.

Have you ever been to HT? There was plenty of cheering for the CF hack. There are dumb assholes on both sides of the debacle, if you want to see it as having "sides". GAW had claimed in the past that HT and Zen were DDOSed, would you also say it's likely they DDOSed themselves?

[suchmoon]

A hashstalker is when you creepily look into the windows of someone else's house and look at their mining rig.

I'm Suchmoon's hashstalker, and it costs me nothing!

oh, so i've been wandering about these cannabis fields for the past how long, for no reason?
meh. i thought i was a hashstalker.

Well thanks to you two I'm gonna have to sleep with my rifle under the pillow now 

[blacklizard]

Paycoin
Proof of Stake
HashStaker

From the white paper.

Prime ControllersTM employ an algorithmic process that quantifies demand, and allows the supply rate of
PaycoinsTM to adapt to changes in demand. Prime ControllerTM wallets stake at a much higher rate than
other network wallets. As demand for PaycoinTM increases, demand for Prime ControllersTM will increase
in response. This demand is measured by increasing bids for Prime ControllersTM, during their bidding
phases, as they become available. As Prime ControllerTM bids increase, the number of PaycoinsTM
entering higher staking wallets increases. This means more coins stake at a higher level and thus the
creation rate of PaycoinsTM increases in response to the increase in demand. The opposite holds true as
well, for times when demand decreases.

If I get this correctly HashStaker is connected to a Prime ControllerTM wallet.

Oh shit, thanks, that explains it all... 

i think it basically means that you can mine endless amounts of paycoin. which of course will make it very rare and worth lots of $US per.

/s

I think it does but read the part of the white paper again. Increased demand increases coin production. Decreased demand decreases coin production.

=

if you mine it, it will be there to be mined. if you don't mine it, it won't be there to be mined.

much like any other coin with a total coin supply, only, without a total coin supply.

uhuh.

Maybe you should learn to read. There is a total coin supply over 15 years.. joker.

[raskul]

discussing the scam...

Maybe you should learn to read. There is a total coin supply over 15 years.. joker.

I don't care to read about it thanks, it's a shitcoin which intends to scam BTC out of people in return for that shitcoin produced by GAW.
Ask yourself, why would they want you to pay them your hard-worked-for BTC, if their own coin was destined to be worth more than BTC?

i can answer it in one simple sentence;

because they want your money.

[suchmoon]

Paycoin
Proof of Stake
HashStaker

From the white paper.

Prime ControllersTM employ an algorithmic process that quantifies demand, and allows the supply rate of
PaycoinsTM to adapt to changes in demand. Prime ControllerTM wallets stake at a much higher rate than
other network wallets. As demand for PaycoinTM increases, demand for Prime ControllersTM will increase
in response. This demand is measured by increasing bids for Prime ControllersTM, during their bidding
phases, as they become available. As Prime ControllerTM bids increase, the number of PaycoinsTM
entering higher staking wallets increases. This means more coins stake at a higher level and thus the
creation rate of PaycoinsTM increases in response to the increase in demand. The opposite holds true as
well, for times when demand decreases.

If I get this correctly HashStaker is connected to a Prime ControllerTM wallet.

The way I read it is that Prime Controllers are still limited to the 5% APY staking rate, so there is no magic money generating machine here. There might be more supply if more bids are placed for the role of the Prime Controller and more coins are put towards staking, as opposed to being dumped before 30 days have passed. I don't understand what the "higher staking wallets" mean, because nowhere in the white paper does it say anything else than 5% APY.

How is that going to make the HashStaker "most profitable" and also keep the 500k or so Prime Hashlets "most profitable"?

[suchmoon]

Maybe you should learn to read. There is a total coin supply over 15 years.. joker.

Careful, don't hit your finger with that hammer. Care to explain how it all connects then? Total coin supply of 1.2 billion you mean? What's the formula to achieve that?

[wdl1908]

Paycoin
Proof of Stake
HashStaker

From the white paper.

Prime ControllersTM employ an algorithmic process that quantifies demand, and allows the supply rate of
PaycoinsTM to adapt to changes in demand. Prime ControllerTM wallets stake at a much higher rate than
other network wallets. As demand for PaycoinTM increases, demand for Prime ControllersTM will increase
in response. This demand is measured by increasing bids for Prime ControllersTM, during their bidding
phases, as they become available. As Prime ControllerTM bids increase, the number of PaycoinsTM
entering higher staking wallets increases. This means more coins stake at a higher level and thus the
creation rate of PaycoinsTM increases in response to the increase in demand. The opposite holds true as
well, for times when demand decreases.

If I get this correctly HashStaker is connected to a Prime ControllerTM wallet.

The way I read it is that Prime Controllers are still limited to the 5% APY staking rate, so there is no magic money generating machine here. There might be more supply if more bids are placed for the role of the Prime Controller and more coins are put towards staking, as opposed to being dumped before 30 days have passed. I don't understand what the "higher staking wallets" mean, because nowhere in the white paper does it say anything else than 5% APY.

How is that going to make the HashStaker "most profitable" and also keep the 500k or so Prime Hashlets "most profitable"?

From what I read the staking percentage is dynamic depending on demand, And demand would be the number and amount of transactions that are processed.

[wdl1908]

Maybe you should learn to read. There is a total coin supply over 15 years.. joker.

Careful, don't hit your finger with that hammer. Care to explain how it all connects then? Total coin supply of 1.2 billion you mean? What's the formula to achieve that?

I'v re-read the white paper 3 times now and there is no mention anymore of the 1.2billion coins

[raskul]

Maybe you should learn to read. There is a total coin supply over 15 years.. joker.

Careful, don't hit your finger with that hammer. Care to explain how it all connects then? Total coin supply of 1.2 billion you mean? What's the formula to achieve that?

I'v re-read the white paper 3 times now and there is no mention anymore of the 1.2billion coins

unlimited™ kind of degrades the value, does it not?

[dyask]

Maybe you should learn to read. There is a total coin supply over 15 years.. joker.

Careful, don't hit your finger with that hammer. Care to explain how it all connects then? Total coin supply of 1.2 billion you mean? What's the formula to achieve that?

I'v re-read the white paper 3 times now and there is no mention anymore of the 1.2billion coins

1.2 Billion is old.  That was changed about a month ago.

[wdl1908]

Maybe you should learn to read. There is a total coin supply over 15 years.. joker.

Careful, don't hit your finger with that hammer. Care to explain how it all connects then? Total coin supply of 1.2 billion you mean? What's the formula to achieve that?

I'v re-read the white paper 3 times now and there is no mention anymore of the 1.2billion coins

unlimited™ kind of degrades the value, does it not?

I think it all depends on how the staking percentage is calculated to anticipate the demand. if the number of transaction and amount over a certain timeframe stays the same and the amount of coins created increases it could well decrease the staking percentage. But to see that we should really see the source code.

[raskul]

Maybe you should learn to read. There is a total coin supply over 15 years.. joker.

Careful, don't hit your finger with that hammer. Care to explain how it all connects then? Total coin supply of 1.2 billion you mean? What's the formula to achieve that?

I'v re-read the white paper 3 times now and there is no mention anymore of the 1.2billion coins

unlimited™ kind of degrades the value, does it not?

I think it all depends on how the staking percentage is calculated to anticipate the demand. if the number of transaction and amount over a certain timeframe stays the same and the amount of coins created increases it could well decrease the staking percentage. But to see that we should really see the source code.

which is.. highly unlikely, i presume.. or are they making it open source? 

[wdl1908]

Maybe you should learn to read. There is a total coin supply over 15 years.. joker.

Careful, don't hit your finger with that hammer. Care to explain how it all connects then? Total coin supply of 1.2 billion you mean? What's the formula to achieve that?

I'v re-read the white paper 3 times now and there is no mention anymore of the 1.2billion coins

unlimited™ kind of degrades the value, does it not?

I think it all depends on how the staking percentage is calculated to anticipate the demand. if the number of transaction and amount over a certain timeframe stays the same and the amount of coins created increases it could well decrease the staking percentage. But to see that we should really see the source code.

which is.. highly unlikely, i presume.. or are they making it open source?  

I think I saw something about open source yes.

This is not specifically about the wallet.

https://hashtalk.org/topic/19700

[kavellino]

I've been trying to figure out for almost a month as to why I was shadow banned from HT.  If it hadn't been for Daffy I wouldn't have known I was shadow banned to PM'd me and said I think you were shadow banned. And sure enough.  I think common courtesy would be to tell someone (me in this case) that it's happened and why.