As for Vaultbreakers, Looks like everything went according to plan:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.snag.gy%2F2izhc.jpg&t=665&c=UnasyQoWBWj98w)
Don't know why you would bring up a Known Scam group such as KNCminer to try to prove some point.
Did you not read what Josh Garza posted on KNC's forum? He lays out how he thinks KNC is scamming them, then actually creates the scam himself.
You people need to do your market research to see what happened to the Floor as bigtime miners dug under it and caused it to collapse.
Maybe you should do some market research before spouting nonsense.
There were a total of ~350k xpy mined in the sha-256 phase and from what I could tell ~50k was mined by GAW (could be more).
If 100% of the leftover 300k xpy was dumped on the market, then that would eat through only $6m of their whopping $100m floor.
The real cause of the collapse was GAW only putting up half a million dollars to hold the floor instead of $100m.
Also making a 'Market floor' is highly illegal in commodity trading so we could not make a floor.
Please do provide a source for this.
I'd also love to know how GAW's latest
investment scheme buyback program gets around that law.
There were big dumps on the exchanges of XPY at the start which caused the rapid price drop. This should not happen as often now as the coin is mineable through POS only now. Having the POW stage last as long as it did and not limiting the amount of hashrate was a mistake as I beleave there were big mining co. that used there power to mine XPY and cause a huge XPY serge to cause a price drop. This action of purposeful abuse and illegal market manipulation by the BTC community as they felt threatened by XPY being a better long term alternative and we as a community beleave it is still the better long term option as the Current upcomeing crash of BTC is showing it multiple weaknesses.
You're telling me it's illegal to mine xpy and then sell it later?
#innovation #revolutionary