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inBitweTrust
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January 04, 2015, 01:57:03 PM |
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A Few items to consider for the believers. At ~3000% compound interest per year for the prime controllers and the other stake rates this makes paycoin2 a hyper-inflationary currency. Research into what happens with hyper inflationary currencies with all the historical examples.   Additionally, research into what happened to the liberty dollar, DGC, liberty reserve, egold, ect...as historical test cases with centralized currencies controlled by for profit companies. Their is an army or lawyers, litigants, and regulators salivating to pillage Paycoin2 right now. |
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inBitweTrust
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January 04, 2015, 04:44:18 PM
Last edit: January 04, 2015, 04:58:29 PM by inBitweTrust |
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unusualfacts30
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January 04, 2015, 04:57:27 PM |
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It seems like Josh is dumping his bitcoins and accumulating XPY.
XPY replacing BTC very soon
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inBitweTrust
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January 04, 2015, 05:00:24 PM |
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It seems like Josh is dumping his bitcoins and accumulating XPY.
XPY replacing BTC very soon
He is clearing not dumping his BTC for XPY otherwise XPY would be trading over 20 now. Rumor has it he is dumping his BTC for fiat out of spite, but he doesn't have enough to make much a difference in the market cap regardless. Lets try and focus on the facts though in this thread like we have been gathering. |
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rokkyroad
Legendary
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Activity: 1090
Merit: 1000
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January 04, 2015, 05:18:40 PM |
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Gaw does not accept paycoin at their own business. Shows how much faith they have in their own coin.
If anything; he is dumping paycoin for btc. This has been suspect since xpy hit exchanges.
He could not have been so naive to think the coin would succeed after the accusations of fraud and scam resulting from his broken promises and non-deliveries.
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" If you have to spam and shout to justify your existence then you are a shit coin." TaunSew
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KryptoKash
Sr. Member
Offline
Activity: 511
Merit: 275
Bitcoin Interest.
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January 04, 2015, 05:32:55 PM |
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Like Viz said it's all in the code: Don't forget to read their source code:int64 GetProofOfStakeReward(int64 nCoinAge, int primeNodeRate)
{
int64 nSubsidy = 0;
int64 nRewardCoinYear = 0; // creation amount per coin-year
if (primeNodeRate == 0)
nRewardCoinYear = 5 * CENT;
else if (primeNodeRate == 10)
nRewardCoinYear = 10 * CENT;
else if (primeNodeRate == 20)
nRewardCoinYear = 20 * CENT;
else if (primeNodeRate == 100)
nRewardCoinYear = 100 * CENT;
else if (primeNodeRate == 350)
nRewardCoinYear = 350 * CENT;
nSubsidy = nCoinAge * nRewardCoinYear * 33 / (365 * 33 + 8);
if (fDebug && GetBoolArg("-printcreation"))
printf("GetProofOfStakeReward(): primeNodeRate=%d create=%s nCoinAge=%"PRI64d"\n", primeNodeRate, FormatMoney(nSubsidy).c_str(), nCoinAge);
return nSubsidy;
}
static const int64 MAX_MONEY = 2000000000 * COIN; Well Said: A Few items to consider for the believers. At ~3000% compound interest per year for the prime controllers and the other stake rates this makes paycoin2 a hyper-inflationary currency. Research into what happens with hyper inflationary currencies with all the historical examples. Additionally, research into what happened to the liberty dollar, DGC, liberty reserve, egold, ect...as historical test cases with centralized currencies controlled by for profit companies. Their is an army or lawyers, litigants, and regulators salivating to pillage Paycoin2 right now. |
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peonminer
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January 04, 2015, 05:43:28 PM |
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Lulz at the idiots Ha ha ha ha ha ha ha ha Ha ha ha ha ha ha ha ha ha  Stop licking Josh's nutsack all of you sheeple. |
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inBitweTrust
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January 04, 2015, 06:21:14 PM |
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Another deleted thread -- https://hashtalk.org/topic/16399/some-thoughts-on-merchant-adoption. Archive- There is this guy as well from the "early days" https://archive.today/FtTtO1.At this moment only Primes can mine Hashpoints but coming week the ZenHashlet will be added, so buy more Hashlet’s  2.On DAY 2 of Hashers United Josh Garza told us thats he is working on a partnership with AMAZON and WALMART and TARGET an specifics can’t be shared right now3.Al the companies Gaw Miners is working with will start using the Hash Coin. 4.This new coin will be supported buy a credit card system, available on all major exchanges and accepted buy the biggest retailer in the world ! 5.In total there will be 250 million Hash coins ! 6.Within +/- 2 weeks you can trade Hash coin to BTC. And this: https://archive.today/vW615 |
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inBitweTrust
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January 04, 2015, 10:47:35 PM |
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More scrubbing of the evidence examples.....  |
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Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
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January 04, 2015, 11:31:28 PM |
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Paycoin has been rallying for over 24 hours. This means the market is confident about the honesty of the project and the company behind it.  |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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January 04, 2015, 11:41:25 PM |
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honestly- when the market hit like 3.50 something I was sooooooooooo tempted to buy a shit load of XPY because I know it's going to bounce at least 30% or something like that, and then I thought: No.
Of course, I still wish I had stolen earned that 30% of the chaos that is that crapstorm, but the truth of the matter is it's totally gambling. The project is doomed if only because what GAW has done (promising the $20 floor) is simply illegal, and then was illegal when they didn't follow through with it anyway. As I have absolutely no way of knowing when the hand of the law will make it's appearance (and it WILL make it's appearance) I thought it better to just avoid it all together.
The con artists and vultures are out in numbers though. So for those who have already been conned- don't lose the skin off your back as well.
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more or less retired.
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rokkyroad
Legendary
Offline
Activity: 1090
Merit: 1000
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January 05, 2015, 12:10:45 AM |
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honestly- when the market hit like 3.50 something I was sooooooooooo tempted to buy a shit load of XPY because I know it's going to bounce at least 30% or something like that, and then I thought: No.
Of course, I still wish I had stolen earned that 30% of the chaos that is that crapstorm, but the truth of the matter is it's totally gambling. The project is doomed if only because what GAW has done (promising the $20 floor) is simply illegal, and then was illegal when they didn't follow through with it anyway. As I have absolutely no way of knowing when the hand of the law will make it's appearance (and it WILL make it's appearance) I thought it better to just avoid it all together.
The con artists and vultures are out in numbers though. So for those who have already been conned- don't lose the skin off your back as well.
Good post. Not the time to be playing "catch the hot potato". |
" If you have to spam and shout to justify your existence then you are a shit coin." TaunSew
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BitUsher
Legendary
Offline
Activity: 994
Merit: 1034
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January 05, 2015, 12:53:57 AM |
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Such a shame , this gives everyone a bad name in our ecosystem.  |
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bitwho
Legendary
Offline
Activity: 1274
Merit: 1000
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January 05, 2015, 01:39:46 AM |
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honestly- when the market hit like 3.50 something I was sooooooooooo tempted to buy a shit load of XPY because I know it's going to bounce at least 30% or something like that, and then I thought: No.
The con artists and vultures are out in numbers though. So for those who have already been conned- don't lose the skin off your back as well.
there you have it.. The only volumes in markets now gotta be people who are playing the trade knowing perfectly well that this coin is doomed. Backed with fake volumes of experienced whales who know how to play this game better. |
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Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
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January 05, 2015, 02:58:02 AM |
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honestly- when the market hit like 3.50 something I was sooooooooooo tempted to buy a shit load of XPY because I know it's going to bounce at least 30% or something like that, and then I thought: No.
Of course, I still wish I had stolen earned that 30% of the chaos that is that crapstorm, but the truth of the matter is it's totally gambling. The project is doomed if only because what GAW has done (promising the $20 floor) is simply illegal, and then was illegal when they didn't follow through with it anyway. As I have absolutely no way of knowing when the hand of the law will make it's appearance (and it WILL make it's appearance) I thought it better to just avoid it all together.
The con artists and vultures are out in numbers though. So for those who have already been conned- don't lose the skin off your back as well.
True, but... "...when the hand of the law will make it's appearance"When the company gets busted there is still an open source project and a "coin" with almost insane fanatics who believe in fighting on. This dead cat could be (occasionally) bouncing for a long time to come.  |
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AltcoinInvestor
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January 05, 2015, 04:05:00 AM |
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All altcoins are basically scam...
You should change your username Do you still think I should change my username?  |
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awas
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January 05, 2015, 04:07:58 AM |
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bitcoin is a scam
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bitcoin_bagholder
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January 05, 2015, 04:11:44 AM |
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All altcoins are basically scam...
You should change your username Do you still think I should change my username? No need. You're probably a masochist. |
Bitmixer sucks
Bit-X sucks
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