suchmoon (OP)
Legendary
 Offline
Activity: 3850
Merit: 9087
https://bpip.org
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December 04, 2014, 04:39:36 PM |
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Every day i skim through the hyping and calculations on the huge profits everybody will make by just staking and wonder: Where do these people imagine the money is coming from?
I mean, they can't just all be that daft, that they think that the value of Paycoin is going to be 20$ forever if everybody are making huge profits and dumping for BTC/cash can they?
It is the clearest red flag that convinced me right away when I read about the PoS staking, any PoS coin can increase the "interest" paid from staking, but this will create zero new BTC/USD into the altcoin.
What if I bought one Dogecoin from someone in here for 1 dollar, then the market cap for Doge would be 96,372,569,383 $ until somebody sells it cheaper again. Its frustrating to see that apparently noone on HT gets this.
I think the coin is going to lock in at 20.00 per coin. Like that is it and that is all. I am pretty sure GAW is going to figure it out. That corporations using the coin need a set coin price in order to use it. So no more no less 20.00 if thats where they set the value. Btw, how many coins will there be in PoW phase? How long will PoW phase be? What is the average % of new coins generated by both magic PoS wallets and normal? When will PC be trade-able? On which exchanges? Why has the possibility to mine hashpoints been prolonged now already twice? Can outsiders mine PC in PoW? On which pools? Where can i DL a wallet? I dont think you can find many altcoins that have been launched with so little information as PC. But the hype compensates I guess And most of all, why does the corporations and GAW give out 500% profits just like that? And with the twice prolonged Hashpoint mining, they just keep on giving like a gift to all the valuable customers. I would have thought any early investor who threw 100 million dollars into this would have got in early to make own profit and not just throw it around to the small players, but this must be a new strategy. Technically the coin hasn't launched yet. Their timeline had the launch scheduled on or around December 15, their PR article mentioned January 2. According to the current WP draft there will be 12.5 million coins in PoW. No word on how long PoW will last or what the reward schedule will be, except that it's thermonuclear or something like that. Normal staking is 5% APY, up to 50% coins need to be tied in the magic 400% APY staking, but I can't really pretend to understand how that whole Prime Controller thing is supposed to work. They have said to be talking to "all" major exchanges and that outside mining will be possible but I'm seeing some mild backpedaling now that all hashlets can mine Hashpoints during the PoW phase. Are we now in the PoW phase already? That part is truly confusing. I think it's best to assume at this time that there isn't and never was $100m. |
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alienesb
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December 04, 2014, 04:41:36 PM |
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Paycoin truly is magic internet money
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raskul
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December 04, 2014, 04:53:28 PM |
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Paycoin truly is magic internet money
...with such an open and transparent blockchain /s |
tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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jackbox
Legendary
Offline
Activity: 1246
Merit: 1024
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December 04, 2014, 04:53:33 PM |
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Every day i skim through the hyping and calculations on the huge profits everybody will make by just staking and wonder: Where do these people imagine the money is coming from?
I mean, they can't just all be that daft, that they think that the value of Paycoin is going to be 20$ forever if everybody are making huge profits and dumping for BTC/cash can they?
It is the clearest red flag that convinced me right away when I read about the PoS staking, any PoS coin can increase the "interest" paid from staking, but this will create zero new BTC/USD into the altcoin.
What if I bought one Dogecoin from someone in here for 1 dollar, then the market cap for Doge would be 96,372,569,383 $ until somebody sells it cheaper again. Its frustrating to see that apparently noone on HT gets this.
I think the coin is going to lock in at 20.00 per coin. Like that is it and that is all. I am pretty sure GAW is going to figure it out. That corporations using the coin need a set coin price in order to use it. So no more no less 20.00 if thats where they set the value. Btw, how many coins will there be in PoW phase? How long will PoW phase be? What is the average % of new coins generated by both magic PoS wallets and normal? When will PC be trade-able? On which exchanges? Why has the possibility to mine hashpoints been prolonged now already twice? Can outsiders mine PC in PoW? On which pools? Where can i DL a wallet? I dont think you can find many altcoins that have been launched with so little information as PC. But the hype compensates I guess And most of all, why does the corporations and GAW give out 500% profits just like that? And with the twice prolonged Hashpoint mining, they just keep on giving like a gift to all the valuable customers. I would have thought any early investor who threw 100 million dollars into this would have got in early to make own profit and not just throw it around to the small players, but this must be a new strategy. Technically the coin hasn't launched yet. Their timeline had the launch scheduled on or around December 15, their PR article mentioned January 2. According to the current WP draft there will be 12.5 million coins in PoW. No word on how long PoW will last or what the reward schedule will be, except that it's thermonuclear or something like that. Normal staking is 5% APY, up to 50% coins need to be tied in the magic 400% APY staking, but I can't really pretend to understand how that whole Prime Controller thing is supposed to work. They have said to be talking to "all" major exchanges and that outside mining will be possible but I'm seeing some mild backpedaling now that all hashlets can mine Hashpoints during the PoW phase. Are we now in the PoW phase already? That part is truly confusing. I think it's best to assume at this time that there isn't and never was $100m. The staking requires a minimum of 50% of all coins to be given to GAW. There will be 50 controllers and the minimum bid for each controller is 1% of all coins in existence, so at a minimum if the bidding round is successful at least 50% of all coins are given to GAW. GAW made it clear that they own the controllers and the bid amounts go to them. That is what makes it extra comical when people post on HashTalk what happens if GAW cannot win any bids on controllers. WTF people? They own them so they can bid whatever they want and pay themselves. This minimum 50% bidding nonsense is unworkable on its face. Don't see why the GAWdicts don't get that? |
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bitpop
Legendary
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Activity: 2912
Merit: 1060
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December 04, 2014, 05:20:48 PM |
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Why would someone pay 22k for something when the person selling it is basically saying that it's better to put 22k into something else?
How can people be this dumb?
This guy has some spinal problems and basically ask for help, do not think it as a normal sell. But still I agree with you, if I have money for charity why am I paying %10 market cut. It could be much easier to send it as BTC That would make sense if he was cashing out to pay his medical bills. He says he is going to put the money straight back into GAW. Lmao |
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bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
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December 04, 2014, 05:26:30 PM |
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Every day i skim through the hyping and calculations on the huge profits everybody will make by just staking and wonder: Where do these people imagine the money is coming from?
I mean, they can't just all be that daft, that they think that the value of Paycoin is going to be 20$ forever if everybody are making huge profits and dumping for BTC/cash can they?
It is the clearest red flag that convinced me right away when I read about the PoS staking, any PoS coin can increase the "interest" paid from staking, but this will create zero new BTC/USD into the altcoin.
What if I bought one Dogecoin from someone in here for 1 dollar, then the market cap for Doge would be 96,372,569,383 $ until somebody sells it cheaper again. Its frustrating to see that apparently noone on HT gets this.
Secret investors will fund a floor! They'll let everyone take their investment as profit. |
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flappymike
Newbie
Offline
Activity: 25
Merit: 0
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December 04, 2014, 05:26:54 PM |
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Well
I am reading this thread for awhile now, and i have kept my opinions for myself, but this morning i am fedup with GAW, i have 13 zenhashlets left and i have decided to put them on sale this morning
but i cannot sell them..... I have choose a price below the market price (including the fees that i have to pay) and i am stucked with them , i see that there is movement on the market but can<t sell them.
I opened a ticket and there response is that i have probably put a price which is highest than the market price, i refute there answer and no reply from them since than....
Just wish to get out from there
Bye
Mike
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keshuker
Sr. Member
Offline
Activity: 395
Merit: 250
aka. dibdab
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December 04, 2014, 05:34:18 PM |
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Every day i skim through the hyping and calculations on the huge profits everybody will make by just staking and wonder: Where do these people imagine the money is coming from?
I mean, they can't just all be that daft, that they think that the value of Paycoin is going to be 20$ forever if everybody are making huge profits and dumping for BTC/cash can they?
It is the clearest red flag that convinced me right away when I read about the PoS staking, any PoS coin can increase the "interest" paid from staking, but this will create zero new BTC/USD into the altcoin.
What if I bought one Dogecoin from someone in here for 1 dollar, then the market cap for Doge would be 96,372,569,383 $ until somebody sells it cheaper again. Its frustrating to see that apparently noone on HT gets this.
Secret investors will fund a floor! They'll let everyone take their investment as profit. Just sent you a beer, as I'm sure its good for my karma to tip a Legendary  |
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bitgeek
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December 04, 2014, 05:38:05 PM |
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Every day i skim through the hyping and calculations on the huge profits everybody will make by just staking and wonder: Where do these people imagine the money is coming from?
I mean, they can't just all be that daft, that they think that the value of Paycoin is going to be 20$ forever if everybody are making huge profits and dumping for BTC/cash can they?
It is the clearest red flag that convinced me right away when I read about the PoS staking, any PoS coin can increase the "interest" paid from staking, but this will create zero new BTC/USD into the altcoin.
What if I bought one Dogecoin from someone in here for 1 dollar, then the market cap for Doge would be 96,372,569,383 $ until somebody sells it cheaper again. Its frustrating to see that apparently noone on HT gets this.
Secret investors will fund a floor! They'll let everyone take their investment as profit. Just sent you a beer, as I'm sure its good for my karma to tip a Legendary A legendary troll is still a troll  |
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bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
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December 04, 2014, 05:39:59 PM |
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Every day i skim through the hyping and calculations on the huge profits everybody will make by just staking and wonder: Where do these people imagine the money is coming from?
I mean, they can't just all be that daft, that they think that the value of Paycoin is going to be 20$ forever if everybody are making huge profits and dumping for BTC/cash can they?
It is the clearest red flag that convinced me right away when I read about the PoS staking, any PoS coin can increase the "interest" paid from staking, but this will create zero new BTC/USD into the altcoin.
What if I bought one Dogecoin from someone in here for 1 dollar, then the market cap for Doge would be 96,372,569,383 $ until somebody sells it cheaper again. Its frustrating to see that apparently noone on HT gets this.
Secret investors will fund a floor! They'll let everyone take their investment as profit. Just sent you a beer, as I'm sure its good for my karma to tip a Legendary Wow thanks! |
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keshuker
Sr. Member
Offline
Activity: 395
Merit: 250
aka. dibdab
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December 04, 2014, 06:05:48 PM |
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When thinking about it, isn't the original blackcoin multipool a much better innovation than a cashtaker?
A multipool actually adds value to the coin.
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vabchgent
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December 04, 2014, 06:07:35 PM |
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Well
I am reading this thread for awhile now, and i have kept my opinions for myself, but this morning i am fedup with GAW, i have 13 zenhashlets left and i have decided to put them on sale this morning
but i cannot sell them..... I have choose a price below the market price (including the fees that i have to pay) and i am stucked with them , i see that there is movement on the market but can<t sell them.
I opened a ticket and there response is that i have probably put a price which is highest than the market price, i refute there answer and no reply from them since than....
Just wish to get out from there
Bye
Mike
Mike you need to be at least 75C lower then anyone else to sell. They tack there price on the sale so you need to figure out what there take adds to yours and split the hashlets. Sell them one at a time. Hope this helps. |
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wdl1908
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December 04, 2014, 06:11:38 PM |
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When thinking about it, isn't the original blackcoin multipool a much better innovation than a cashtaker?
A multipool actually adds value to the coin.
Not really blackcoinpool needs to buy BC. So they buy price goes up they do payouts to the miners miners dump BC price goes down. It's an endless roller-coaster. |
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flappymike
Newbie
Offline
Activity: 25
Merit: 0
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December 04, 2014, 06:27:48 PM |
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Well
I am reading this thread for awhile now, and i have kept my opinions for myself, but this morning i am fedup with GAW, i have 13 zenhashlets left and i have decided to put them on sale this morning
but i cannot sell them..... I have choose a price below the market price (including the fees that i have to pay) and i am stucked with them , i see that there is movement on the market but can<t sell them.
I opened a ticket and there response is that i have probably put a price which is highest than the market price, i refute there answer and no reply from them since than....
Just wish to get out from there
Bye
Mike
Mike you need to be at least 75C lower then anyone else to sell. They tack there price on the sale so you need to figure out what there take adds to yours and split the hashlets. Sell them one at a time. Hope this helps. Thanks, That's the double fee that somebody mention before, you see what they charge to you as the seller but you do not see what they charge also to the buyer . It is always a win win situation for them.... I have lowered my price and 4 are gone now Bye Micke |
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keshuker
Sr. Member
Offline
Activity: 395
Merit: 250
aka. dibdab
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December 04, 2014, 06:30:31 PM |
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When thinking about it, isn't the original blackcoin multipool a much better innovation than a cashtaker?
A multipool actually adds value to the coin.
Not really blackcoinpool needs to buy BC. So they buy price goes up they do payouts to the miners miners dump BC price goes down. It's an endless roller-coaster. If nothing more, it at least adds liquidity and if some miners wont dump, it adds value. The cashtaker only creates new coins |
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deeneendo
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December 04, 2014, 06:32:40 PM |
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Your price multiplied by 1.05 is what the market price will be.
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kupan787
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December 04, 2014, 07:04:59 PM |
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New twitter post from mr. ceo Excellent meeting. Paycoin will be the first coin that regulators actually want to work with! #paycoin
https://twitter.com/gawceo/status/540571411132473344Would like to hear who these regulators are, but I bet he has an NDA for that. Except, arn't regulators already working with Bitcoin (bitlicense for example)? |
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NeonTranceBadger
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December 04, 2014, 07:07:26 PM |
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New twitter post from mr. ceo Excellent meeting. Paycoin will be the first coin that regulators actually want to work with! #paycoin
https://twitter.com/gawceo/status/540571411132473344Would like to hear who these regulators are, but I bet he has an NDA for that. Except, arn't regulators already working with Bitcoin (bitlicense for example)? Don't quote me but I believe you are right. Suchmoon probably has a better answer. |
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