Quote from: awas on January 12, 2015, 06:54:24 AM

offtopic but as much as you guys hate xpy I rather have my money in paycoin than ltc lol

What does this have to do with LTC? Straw coin argument?

Quote from: Lord_our_GAWd on January 12, 2015, 07:47:14 AM

Guys seriously leave Josh alone he is running this company great. Are you trolls not happy with the $20 honor program? Seriously stop with the FUD already Paycoin is doing great and so is Paybase. Josh is GAWesome and everything is going great now.

With a name like that you're not very convincing

Quote from: interstellar on January 12, 2015, 08:03:02 AM

I can't believe Homero is forking out a dollar of his own money.

I doubt he is. This will likely trigger a rise in the exchange rate sufficient for them to dump enough extra coins to cover the 100k for a month or two, if it even comes to that. Also don't underestimate their ability to wiggle out of their obligations.

For example here's how "free hosting" worked out for GAW customers: when ZenCloud came along it was said free hosting doesn't apply because Zen is a separate company. But it wasn't reinstated when GAW acquired Zen and they became the same company.

Third party escrow sounds interesting, but I'll believe it when I see it. There is all sorts of shenanigans possible with overstating the amount of coins and thus lowering the payouts without ever needed to fork over 100k per month. They can still do it even with an escrow - by putting a few million of their own coins in and diluting the others that way.

Quote from: GAW_Homero on January 12, 2015, 06:49:13 AM

Naturally this will require a FIAT maintenance fee.

Quote

Will Be in a Secure Third-Party Vault

Well, we have given them some very good ideas here. Let's see which ones they pick.