Ninjastic
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Re: GAW Miners Paybase Paycoin unofficial uncensored discussion.ALWAYS MAKE MONEY :)
by
msarro
on 25/01/2015, 17:47:58 UTC
Quote from: ikeboy on January 25, 2015, 05:43:04 PM
Quote from: msarro on January 25, 2015, 05:41:39 PM
Quote from: ikeboy on January 25, 2015, 05:38:58 PM
Quote from: msarro on January 25, 2015, 05:26:10 PM
Quote from: ikeboy on January 25, 2015, 04:40:30 PM
Quote from: Phildo on January 25, 2015, 03:02:40 PM
Quote from: tmpwhore on January 25, 2015, 02:54:04 PM
I have to agree with you stranger with all the shit they pulled GAW miners should pay for it themselves. What? They are going to milk more money out of their investors based on their fuck ups? That's just sad. Considering there are thousands of bitcoins in Josh's wallet, he can't pony up to save a coin he created?

Shit like this always makes me laugh. Isn't the whole point of crypto to cut out all these middlemen?

GAW doesn't need anyone to do anything for them to accept XPY, all they need to do is start accepting it. Why on earth should the believers pay any BTC to give them the ability to use their XPY with GAW?

http://gear.hashbase.com/ accepts XPY.

At 20$/coin, right?  Grin

No, at current price.

Don't get me wrong, I'm not defending GAW, but it's not true that "all they need to do is start accepting it".

Honoring the price they quoted would certainly put upward pressure on the order books and raise the overall market price though.

I think it's funny that to this day on zencloud:



If they reinstated the floor for more than 30 minutes, yes. But that's not the same as simply accepting it at current prices.

What's your guess for Feb 1st?

You're 100% correct. Garza is a king at keeping his word, but in a djinn sort of way. "At one moment we had over 500k/sec being spent to support the floor!" That's true, because if you spend 500k once, then technically at one point you were spending 500k/sec. You just didn't do it more than one second. Technically correct? Yup. Misleading as hell? Absolutely.

Honestly, I have found I can't predict what GAW will do other than screw their customers. I'm thinking Homero is going to take all the coins in escrow, put them in GAW (a separate legal entity from Paybase) OR some other entity that has a prime controller, and then use the PoS minting to trade the coins for BTC. Those coins will then be sent monthly to the people who have paid into the escrow program, with additional padding from their coffers to hit the 100k minimum.

That's just a guess though. I could be 100% wrong.

As for trading, I have no idea what will happen to the price. A short bubble is almost definite, but I have no idea about long term.