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DARKANGEL6415
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December 21, 2014, 09:23:26 PM |
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Here is something that's been bothering me since the 12 million premine was announced, and I don't seem to find a definitive answer to this:
7.2 million coins (60% of the premine) are distributed to Hashpoint customers. That leaves 4.8 million to "investors". But the Prime controllers need to be funded with at least 50% of all coins in existence, i.e. ~6.17 million. 6.17 - 4.8 = 1.37 million - where are those remaining coins coming from? Is GAW borrowing from customers to fund their Prime Controllers? How were they able to do that even before the customers started putting coins into HashStakers? The only feasible alternative is that GAW bought 1.37 million coins on an exchange, but I don't see anywhere near that kind of volume having been transacted before noon yesterday (when the hardcoded Prime wallets were deployed). And it looks like Prime wallets were funded directly from premine anyway, not from an exchange. Any ideas?
LOL dont you know it is not nice to ask this kinds of questions why hell if you was in ht you would be exiled by now to the realm of digital nothing. Just keep quiet and keep buying
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T0urist
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December 21, 2014, 09:26:47 PM |
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love the comment due to the numbef of people mining for 0 block rewards people love paycoin so much the are paying to get 0xpy
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DARKANGEL6415
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 09:27:31 PM |
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SO BIG NEWS!! I found some secret NDA documents. I signed into GAW CEO's Google Drive with his psw josg21149. Heres what I found ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs3.postimg.org%2F5m2c6bhpf%2Fnda.png&t=665&c=pYRTRaZ3iULwCA) Forgot the vest. Please take this feedback on board so going forward we dont have to have these little talks. Also I lol'ed pretty hard. Lol. I'll check his dropbox next and see what I find What did you find on his dropbox? oh shit i think someone is about to be sued or even faces criminal charges for corporate espionage. How did they obtain this official company letter from the super secure servers of gaw. Better start running whoever hacked gaws secure servers ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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WaffleMaster
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 09:27:54 PM |
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Guys, can we reasonably suspect Paycoin is under a 51% attack from this current forking? There is very little hashrate, nothing to lose and everything to gain by someone doing that.
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suchmoon (OP)
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https://bpip.org
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 09:33:19 PM |
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Here is something that's been bothering me since the 12 million premine was announced, and I don't seem to find a definitive answer to this:
7.2 million coins (60% of the premine) are distributed to Hashpoint customers. That leaves 4.8 million to "investors". But the Prime controllers need to be funded with at least 50% of all coins in existence, i.e. ~6.17 million. 6.17 - 4.8 = 1.37 million - where are those remaining coins coming from? Is GAW borrowing from customers to fund their Prime Controllers? How were they able to do that even before the customers started putting coins into HashStakers? The only feasible alternative is that GAW bought 1.37 million coins on an exchange, but I don't see anywhere near that kind of volume having been transacted before noon yesterday (when the hardcoded Prime wallets were deployed). And it looks like Prime wallets were funded directly from premine anyway, not from an exchange. Any ideas?
LOL dont you know it is not nice to ask this kinds of questions why hell if you was in ht you would be exiled by now to the realm of digital nothing. Just keep quiet and keep buying The problem is, I'd like to buy 125k coins, run a Prime Controller, and dip my hand into the magic money jar, but nobody can tell me how to do that ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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suchmoon (OP)
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Activity: 3780
Merit: 9009
https://bpip.org
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 09:37:31 PM |
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Guys, can we reasonably suspect Paycoin is under a 51% attack from this current forking? There is very little hashrate, nothing to lose and everything to gain by someone doing that.
Nah, I trust they are fully capable to mess it up entirely on their own. Besides I think they can "unfork" it any way they want with the majority of coins in their control. Everyone would follow GAW's official fork no matter what - due to the $20 promise.
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maildir
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December 21, 2014, 09:37:57 PM |
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Even more epic http://multicoinpool.org/index.php?page=vanity Because of GAWs inability to fix issues with the coin and continued reluctance to update users with accurate information, Paycoin will be delisted immediately. Any balances you have with Paycoin will be paid out within a week, so please set your Paycoin address. SHA256 crons running slow; probably because of all the blocks we found. Give things some time. Having some email troubles; if it doesn't work the first time, try again in a few hours.
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T0urist
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Offline
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December 21, 2014, 10:03:10 PM |
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Guys, can we reasonably suspect Paycoin is under a 51% attack from this current forking? There is very little hashrate, nothing to lose and everything to gain by someone doing that.
probably all the orders from meganet. the blockchain captain she just cannot handle the flex. seriously though its possible. id put more truth in the fact the fooked code up
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gefafwisp
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December 21, 2014, 10:14:13 PM |
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Nice to see Coinmarketcap sorted out their Paycoin issues. Should be number 3 but I'll settle for 4 for now. http://coinmarketcap.com/Difficult to argue with available supply and open market value.
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raskul
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December 21, 2014, 10:18:20 PM |
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Nice to see Coinmarketcap sorted out their Paycoin issues. Should be number 3 but I'll settle for 4 for now. http://coinmarketcap.com/Difficult to argue with available supply and open market value. and difficult to debate as whenever I put a valid point to you, you ignore it. that cult got you bad huh?
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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DARKANGEL6415
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 10:19:24 PM |
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Here is something that's been bothering me since the 12 million premine was announced, and I don't seem to find a definitive answer to this:
7.2 million coins (60% of the premine) are distributed to Hashpoint customers. That leaves 4.8 million to "investors". But the Prime controllers need to be funded with at least 50% of all coins in existence, i.e. ~6.17 million. 6.17 - 4.8 = 1.37 million - where are those remaining coins coming from? Is GAW borrowing from customers to fund their Prime Controllers? How were they able to do that even before the customers started putting coins into HashStakers? The only feasible alternative is that GAW bought 1.37 million coins on an exchange, but I don't see anywhere near that kind of volume having been transacted before noon yesterday (when the hardcoded Prime wallets were deployed). And it looks like Prime wallets were funded directly from premine anyway, not from an exchange. Any ideas?
LOL dont you know it is not nice to ask this kinds of questions why hell if you was in ht you would be exiled by now to the realm of digital nothing. Just keep quiet and keep buying The problem is, I'd like to buy 125k coins, run a Prime Controller, and dip my hand into the magic money jar, but nobody can tell me how to do that ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) well 125K coins you say well i will take my cut since we such good friends i would recomend you share some wealth i dont care if its even 1 magical gaw coin haha
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gefafwisp
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 10:23:22 PM |
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Nice to see Coinmarketcap sorted out their Paycoin issues. Should be number 3 but I'll settle for 4 for now. http://coinmarketcap.com/Difficult to argue with available supply and open market value. and difficult to debate as whenever I put a valid point to you, you ignore it. that cult got you bad huh? No I'm just trying to stay positive and spread good news when I see it. I'll have a look through your responses and get back to you.
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raskul
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 10:24:46 PM |
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Nice to see Coinmarketcap sorted out their Paycoin issues. Should be number 3 but I'll settle for 4 for now. http://coinmarketcap.com/Difficult to argue with available supply and open market value. and difficult to debate as whenever I put a valid point to you, you ignore it. that cult got you bad huh? No I'm just trying to stay positive and spread good news when I see it. I'll have a look through your responses and get back to you. i just watched a movie called Sacrament. The good folk in that were doing just the same, staying positive and spreading good news. until their dictator told them all to 'swallow the potion'.
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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T0urist
Member
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Offline
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December 21, 2014, 10:29:07 PM |
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Nice to see Coinmarketcap sorted out their Paycoin issues. Should be number 3 but I'll settle for 4 for now. http://coinmarketcap.com/Difficult to argue with available supply and open market value. and difficult to debate as whenever I put a valid point to you, you ignore it. that cult got you bad huh? God Raskul FFS gefafwisp shouldnt need to explain over and over. Its in the whitepaper read it again! If that doesnt make sense put on a vest and read it again. It'll become clear then.
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suchmoon (OP)
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Activity: 3780
Merit: 9009
https://bpip.org
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 10:29:53 PM |
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Here is something that's been bothering me since the 12 million premine was announced, and I don't seem to find a definitive answer to this:
7.2 million coins (60% of the premine) are distributed to Hashpoint customers. That leaves 4.8 million to "investors". But the Prime controllers need to be funded with at least 50% of all coins in existence, i.e. ~6.17 million. 6.17 - 4.8 = 1.37 million - where are those remaining coins coming from? Is GAW borrowing from customers to fund their Prime Controllers? How were they able to do that even before the customers started putting coins into HashStakers? The only feasible alternative is that GAW bought 1.37 million coins on an exchange, but I don't see anywhere near that kind of volume having been transacted before noon yesterday (when the hardcoded Prime wallets were deployed). And it looks like Prime wallets were funded directly from premine anyway, not from an exchange. Any ideas?
LOL dont you know it is not nice to ask this kinds of questions why hell if you was in ht you would be exiled by now to the realm of digital nothing. Just keep quiet and keep buying The problem is, I'd like to buy 125k coins, run a Prime Controller, and dip my hand into the magic money jar, but nobody can tell me how to do that ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) well 125K coins you say well i will take my cut since we such good friends i would recomend you share some wealth i dont care if its even 1 magical gaw coin haha As soon as I get my Prime magic controller I'll be giving money away by the bucket. 400% APY guaranteed. Unless the blockchain gets stuck, that's force majeure.
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raskul
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 10:30:28 PM |
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Nice to see Coinmarketcap sorted out their Paycoin issues. Should be number 3 but I'll settle for 4 for now. http://coinmarketcap.com/Difficult to argue with available supply and open market value. and difficult to debate as whenever I put a valid point to you, you ignore it. that cult got you bad huh? God Raskul FFS gefafwisp shouldnt need to explain over and over. Its in the whitepaper read it again! If that doesnt make sense put on a vest and read it again. It'll become clear then. whitepaper, got it... does it say "Swallow the Potion" ?
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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gefafwisp
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2014, 10:35:35 PM |
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Nice to see Coinmarketcap sorted out their Paycoin issues. Should be number 3 but I'll settle for 4 for now. http://coinmarketcap.com/Difficult to argue with available supply and open market value. and difficult to debate as whenever I put a valid point to you, you ignore it. that cult got you bad huh? No I'm just trying to stay positive and spread good news when I see it. I'll have a look through your responses and get back to you. i just watched a movie called Sacrament. The good folk in that were doing just the same, staying positive and spreading good news. until their dictator told them all to 'swallow the potion'. Looks good, I'll check it out. Not sure I'd compare GAW to a cult though. Maybe for some of the more rampant cheerleaders on HT, but the user base and reputation is widening every day from what I can see.
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T0urist
Member
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December 21, 2014, 10:39:03 PM |
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Nice to see Coinmarketcap sorted out their Paycoin issues. Should be number 3 but I'll settle for 4 for now. http://coinmarketcap.com/Difficult to argue with available supply and open market value. and difficult to debate as whenever I put a valid point to you, you ignore it. that cult got you bad huh? God Raskul FFS gefafwisp shouldnt need to explain over and over. Its in the whitepaper read it again! If that doesnt make sense put on a vest and read it again. It'll become clear then. whitepaper, got it... does it say "Swallow the Potion" ? You only swallow the potion if you want 400% APY. You get 1% if you choose not to.
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