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

[owlcatz]

Lets look at the source code. No hybrid flex to be found, it's just another nasty peercoin fork with not notable changes whatsoever. Still even has little bits of PeerCoin hanging around. Unbelievably it's such an old fork of Bitcoin that it retains IRC support, except it will join the #bitcoin channels because their find and replace didn't quite get everything.

The premine is all but predictable, the first block makes an insane number of coins for GAW. Interestingly if anybody wanted they could have forked the network right back from the genesis block and taken the 12M coins for themselves, the difficulty is a bit high to do that now though unless you have 1Ph/s in your pocket. Up until 20 hours the PoW miners actually got a lot more block reward, but this was changed down for some reason.

Code:

int64 GetProofOfWorkReward(int nHeight, unsigned int nTime)
{
    int64 nSubsidy = 0;
    if(nHeight == 1){
        nSubsidy = 12000000 * COIN;
    }else if(nTime <= POW_START_TIME){
        nSubsidy = 0 * COIN;
    }else if(nTime < POW_END_TIME){
        nSubsidy = 49 * COIN;
    }
    return nSubsidy;
}

Looks like they were planning to move from hashtalk.org to paycointalk.org as well.

Hahaha.. nice catches...

[bumpershot]

For those not looking at the source, PoW ends Fri 19 Dec 2014 01:00:00 PM EST

[bumpershot]

Lets look at the source code.

No hybrid flex to be found, it's just another nasty PeerCoin fork with not notable changes whatsoever. Still even has little bits of PeerCoin hanging around. Unbelievably it's such an old fork of Bitcoin that it retains IRC support, except it will join the #bitcoin channels because their find and replace didn't quite get everything.

The pre-mine is predictable, the first block makes an insane number of coins for GAW. Interestingly if anybody wanted they could have forked the network right back from the genesis block and taken the 12M coins for themselves, the difficulty is a bit high to do that now though unless you have 1Ph/s in your pocket. Up until 20 hours the PoW miners actually got a lot more block reward, but this was changed down for some reason.

Code:

int64 GetProofOfWorkReward(int nHeight, unsigned int nTime)
{
    int64 nSubsidy = 0;
    if(nHeight == 1){
        nSubsidy = 12000000 * COIN;
    }else if(nTime <= POW_START_TIME){
        nSubsidy = 0 * COIN;
    }else if(nTime < POW_END_TIME){
        nSubsidy = 49 * COIN;
    }
    return nSubsidy;
}

Looks like they were planning to move from hashtalk.org to paycointalk.org as well.

Jesus Christ this is going to be a nightmare. Instead of a compressed blockchain for user-level wallets, it's going to be incredibly massive since it shoots for 1 minute between blocks. Not to mention that 1 minute is still too long for point of sale, but whatev.

[93739]

Paycoin (abbreviated XPY), also known as Paycoin and Peer-to-Peer Coin

Should have done a visual check of that find and replace.

 

[suchmoon]

Thank you 93739 and bumpershot. I was just going to ask if anyone found the thermonuclear code. Looks like a fixed 49-coin block reward.

[bumpershot]

I believe at this point, anybody who chose to flip his miner into a staking wallet has to be facepalming pretty hard.

This is awful.

[knowhow]

soo now is able to mine those new coin and when the convert ratio will be alive

[93739]

Ah actually, it's not a poor PeerCoin fork, it's a poor fork of "peerunity", a Peercoin fork.

Code:

/home/bushido/Downloads/88/Peerunity-master

https://github.com/Peerunity/Peerunity

Go figure.

[vach]

I believe at this point, anybody who chose to flip his miner into a staking wallet has to be facepalming pretty hard.

This is awful.

what for? you think you can mine anything with those miners? its PHs there already...

[suchmoon]

soo now is able to mine those new coin and when the convert ratio will be alive

If you're asking about Hashpoints to Paycoin conversion - next Friday (December 19).

If you're asking about Paycoin to BTC or USD conversion - unknown.

[dekay]

I believe at this point, anybody who chose to flip his miner into a staking wallet has to be facepalming pretty hard.

This is awful.

its okay the weak minded ht lemmings will pay 40$  a shit staker i believe in u josh con these guys llong enough till i can dump ur shitty products this coin will be as fcked up as zencloud software

[owlcatz]

I believe at this point, anybody who chose to flip his miner into a staking wallet has to be facepalming pretty hard.

This is awful.

its okay the weak minded ht lemmings will pay 40$  a shit staker

so,,, since i don't hang on HT anymore, wtf are these stakers doing atm, nothing? Can people even *get* any XPY coins yet other than by this mining outside of gaw? i so confused...  

[bumpershot]

I believe at this point, anybody who chose to flip his miner into a staking wallet has to be facepalming pretty hard.

This is awful.

what for? you think you can mine anything with those miners? its PHs there already...

Because the coin is awful. At least with a Prime, you get DD for half a day without maintenance fees, and eventually you'll make some small amount of money. The staking wallets, on the other hand, are worthless unless they hard fork with about a gazillion changes to the coin and at least one major innovation that keeps the blockchain manageable.

There's no hybridflex anything here. That was all fantasy. This coin is unwieldy.

[SDRebel]

Lets look at the source code.

No hybrid flex to be found, it's just another nasty PeerCoin fork with not notable changes whatsoever. Still even has little bits of PeerCoin hanging around. Unbelievably it's such an old fork of Bitcoin that it retains IRC support, except it will join the #bitcoin channels because their find and replace didn't quite get everything.

The pre-mine is predictable, the first block makes an insane number of coins for GAW. Interestingly if anybody wanted they could have forked the network right back from the genesis block and taken the 12M coins for themselves, the difficulty is a bit high to do that now though unless you have 1Ph/s in your pocket. Up until 20 hours the PoW miners actually got a lot more block reward, but this was changed down for some reason.

Code:

int64 GetProofOfWorkReward(int nHeight, unsigned int nTime)
{
    int64 nSubsidy = 0;
    if(nHeight == 1){
        nSubsidy = 12000000 * COIN;
    }else if(nTime <= POW_START_TIME){
        nSubsidy = 0 * COIN;
    }else if(nTime < POW_END_TIME){
        nSubsidy = 49 * COIN;
    }
    return nSubsidy;
}

Looks like they were planning to move from hashtalk.org to paycointalk.org as well.

Jesus Christ this is going to be a nightmare. Instead of a compressed blockchain for user-level wallets, it's going to be incredibly massive since it shoots for 1 minute between blocks. Not to mention that 1 minute is still too long for point of sale, but whatev.

don't blame Jesus Christ for this, he had no part and this coin

[93739]

so,,, since i don't hang on HT anymore, wtf are these stakers doing atm, nothing? Can people even *get* any XPY coins yet other than by this mining outside of gaw? i so confused... 

Well the first PoW block gave GAWminers 11,000,000 coins (one block, 11M coins).
The entire week of PoW mining will give the rest of the miners 504,000 coins (10080 blocks, 49 coins per block).

What pre-mine?

If it went over your head, the "miners" get chicken feed , there's no value in anybody pointing 2PH/s at this worthless network.

[suchmoon]

Ah actually, it's not a poor PeerCoin fork, it's a poor fork of "peerunity", a Peercoin fork.

Code:

/home/bushido/Downloads/88/Peerunity-master

https://github.com/Peerunity/Peerunity

Go figure.

So let me see if I understand this correctly. The "very, very reputable company" that GAW hired to develop this super advanced coin took a Peercoin fork, did a search/replace, didn't even proofread it let alone any kind of serious review (how do they know there is no backdoor or something?), and this is the payment network to rival PayPal. I think GAW should sue that "company", because they seem to have been scammed  

[bumpershot]

so,,, since i don't hang on HT anymore, wtf are these stakers doing atm, nothing? Can people even *get* any XPY coins yet other than by this mining outside of gaw? i so confused... 

Well the first PoW block gave GAWminers 11,000,000 coins (one block, 11M coins)
The entire week of PoW mining will give the rest of the miners 504,000 coins (10080 blocks, 49 coins per block).

What pre-mine?

That's about a third of my pessimistic estimate a few pages back. I thought people would get 1.5 million, and even then I questioned the point. 500k? Ouch.

[dekay]

prepare for the avalanche dump that shall smite gaw  and there ff7 shinra sized mess

[suchmoon]

I believe at this point, anybody who chose to flip his miner into a staking wallet has to be facepalming pretty hard.

This is awful.

its okay the weak minded ht lemmings will pay 40$  a shit staker

so,,, since i don't hang on HT anymore, wtf are these stakers doing atm, nothing? Can people even *get* any XPY coins yet other than by this mining outside of gaw? i so confused...  

Stakers will start doing something next Friday.

Hashpoints will be converted to XPY also next Friday.

XPY will be available for purchase on gawminers.com on Monday.

So at the moment this mining is the only way to get XPY right NOW, if someone can't wait

[vectisitch]

oh i can wait