Fortunatelly Google cache has it.
http://webcache.googleusercontent.com/search?q=cache:Kl64LtTOUnwJ:coinbrief.net/interview-gaw-garza-paycoin/+&cd=1&hl=en&ct=clnk&gl=usIt is truly an amazing piece of revisionist history, incomprehensible babbling, and something that I can't even categorize.
Obviously in the case where we use pools that we don’t control, because they are external, we have lower payouts.
What pools? Again this nonsense?
With our platform, we cover that [maintenance] cost for that customer, and up until now we have been awarding that customer with our internal point system
Bullshit. "That customer", i.e. one who gets a satoshi doesn't have an option to mine your coupons. Only Zens and Primes do, not Multi/Waffle/Clever.
There’s a saying: Keep counting on people to take a step back, look at something for what it is, and think about it for 30 seconds, just to see if what is being said even makes sense. How in the world would we possibly allege that we will be working with these companies, if at one point we are going to have to be working with them. How would that even work out? Why would a company…that doesn’t even make any sense. It is going to eventually need to happen. So, if it doesn’t happen, you would be in the same exact place.
(this was supposed to be a part of the explanation regarding the CoinFire C&D - I don't get this at all)
(response to Coinbrief asking to provide the same proof that WSJ blog got) Yeah, obviously that is something that we could look to do, but the Wallstreet Journal is a pretty serious publication.
... and some more backpedaling. Why?
So if the question is, “On the 15th of December are we going to open it up, and anyone who wants…” No. No system launches that way. We have everything in beta right now, and we already have people testing it. Then we will open it up to an invite situation, to our existing customers over the next week or two, and they will have access to all of that. We will just keep expanding, expanding, expanding. We will let them give invites to their friends, and then, eventually, anyone who wants to do it can just go do it. That should be the beginning or middle of January.
This is about PayBase launch schedule. Apparently it's invite-based. Which is probably not what "PayCoin millionaires" expect.
Oh, yeah, we have an entire company building that for us. I wouldn’t be able to speak to those details. That is not my area of expertise. We have a very, very reputable company building this for us. They have their act together, and know what they are doing.
That was in response to a question about PayCoin's block reward and algorithm. I thought the answers should have been "thermodynamic" and "SHA256"?
Then it got to Prime Controllers, I haven't read that part yet. It looks like he's mentioning DarkCoin a few times - I wonder if that's what they are cloning for their XPY.
Edit: here is something that's supposed to explain why there are 50 Prime Controllers:
So, we set the number to what we did because, essentially, I did a calculation and discovered that, in a general sense, our company can put anywhere between $400,000 and $600,000 a day to crypto. Crypto usually increases in theoretical market value by $1.4 – 1.8 million per day. That is where I noticed that we were contributing around 1/3rd or more of the marketcap, so we know that we can sustain a coin. If anything, we believe we may have made the number a little bit too low. There may be a greater demand for it than we have created coins to be able to meet it, so I think that potentially could be an issue, because that obviously would push the price of the coin up, because our coin should grow at roughly around $1,000,000 a day at full strength. As in, when all things are staking at the maximum capability. I know, our company will immediately eat into half of that.
I don't even know what the hell that's supposed to mean. $1.4-1.8m might be the total number of all crypto coins mined per day (BTC alone is about $1.3m I think). Is he saying that GAW mines 1/3 of all coins? Or will mine/stake/whatever once PayCoin is released? He also says that Prime Controllers stake at 10% APY, and coinbrief fails to ask where HashStaker's 400% APY is coming from.
I think after reading all this I'd rather have that donut.
