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Re: GAW Miners Paybase Paycoin unofficial uncensored discussion.ALWAYS MAKE MONEY :)
by
strangerdanger101
on 24/02/2015, 02:41:12 UTC

Up to you, it's not like you aren't starved for information.

There were 1.2 Million XPY generated in the last 30 days, an increase of 10% of the money supply where pretty much all of it is coming from those hashstakers. My beef is that it doesn't reward holders at all and only really works for sell pressure against the majority of people. You might make 50-75% on what you bought if it goes to $1.50 but Josh and his crew could make 1 Million+ in that time from Coins in which they got for free and are generating an unlimited amount of Coins. Their complete dominance on the Coin generation and severe lack of PR skills are what's stopping it's success. No one wants to buy a Coin in which all the money goes to some shady guy who sanitizes his forums and constantly does backdoor dealings based on false promises.


So who exactly is dumping at this price?  Hashlet miners?  People trading their points in via the Honors Program?

I'm a bit confused who would be dumping after a near 95% drop in price.

I agree about the inflation - 10% per month is massive, a $20 floor can't be sustained with that kind of inflation.  Garza would have to cut that back by a lot first - although that may be looked at as manipulation.

Someone who premined 12 million coins?  We've already proved that.