Post
Topic
Board Service Discussion
Re: GAW / Josh Garza discussion. Paycoin XPY CoinStand Mineral. ALWAYS MAKE MONEY :)
by
jmordica
on 21/04/2015, 06:52:30 UTC
First, prove to me that GAW owns Paycoin. Tell me how much, and where it is stored and why you believe it belongs to them, and then explain  why taking property from a corporation is different than taking it from an individual. Secondly, explain why you think it is ok to take property away from either GAW or Josh Garza. What is the EXACT criteria by which you conclude that it is fair, just and legal, to take property from someone else. You either respect property rights or you don't.

I don't think anyone is proposing taking property away from anyone. What is being proposed is a fork of the coin which is identical other than that certain coins don't exist in the fork; the current coin (XPY) continues to exist, and a new coin (XPY2) is created which is functionally identical, only without the GAW coins. Is that theft? I don't see how.

As an existing holder of N XPY, I would also have N XPY2 (unless presumably I was GAW). I could choose to trade my XPY2 for "real" XPY, or vice versa, depending on which of the two I wanted to hold. They would both be listed on exchanges, and their prices would move independently of each other.

If there's general agreement that the fork is a good idea people would sell their XPY, pushing the price towards 0, while buying more XPY2, increasing the price. GAW still have their millions of XPY, nothing has been stolen, but the free market has set a more appropriate price for their out-of-thin-air gains and decided that they value a coin without the pre-mine (or whatever it is - I've not been paying attention) more highly.

This.

XPY2 would cut at least 50% of the coin and all hyperinflation.

EDIT: Cut all prime controllers and their coins + any remaining premine which is not in the hands of customers.

I am inclined to agree that with some modifications to this approach, XPY has a greater chance of survival upon successful implementation.


LMFAO look what the cat dragged in
Eric I have respect for after reading some of the emails as it seems like he has some conscience.
Jonah was a trusted member of the community way before Gaw.
YOU? I would trust you as much as I would trust Josh, Don't Let The Door Hit You On The Way Out!
Hope you get the jail time you deserve.

I pushed a lot of buttons and levers. I also take responsibility for my actions. I will continue truthfully answering questions asked by 3 letter agencies even if it means an undesirable outcome for myself. I enjoy working in this industry and I stay closely in touch with Eric and Jonah. Like Eric, when I became very uncomfortable working in the environment, I stepped down from my role.

I can take a forum beating and completely understand the justification to do so.

I may have not stepped down from my role quick enough in order to properly display my character and integrity as a business leader, and that is something I regret. Hopefully time will heal and mend some of the professional and personal relationships I have built over the last few years. I'm also willing to help out where I can and be more available to do so.

Thanks.