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Topic
Board Service Discussion
Re: GAW Miners Paybase Paycoin unofficial uncensored discussion.ALWAYS MAKE MONEY :)
by
Sujoy
on 29/01/2015, 11:37:45 UTC
GAW have an unlimited supply of XPY to dump, because they can stake their millions of XPY at over 3000% interest. If they only stake 2 million XPY, they can add 60 million XPY to the coin supply in just one year. Any XPY you are holding is diluted by a factor of 5 - losing 80% of its value in just one year.

I'm shocked that some people still don't believe that GAW can get 3000%+ interest on their wallets. The evidence is on the blockchain. The blockchain doesn't lie. Here is a graph showing the stake amount on their "350%" wallet. The staking income is clearly rising - compounding interest.

http://i.imgur.com/YKIBaOG.png
https://chainz.cryptoid.info/xpy/address.dws?119166.htm

If GAW really had any interest in building a crypto economy, they would fork the code and drop the 3000%+ down to 5% as was originally planned. What I think they are going to actually do is use the extra coins they get from 3000% staking to dump onto unsuspecting newcomers at whatever price they can get. Then they will claim that their server was hacked and that a theif stole their BTC. As a result they will go bankrupt with no assets to repay their creditors.