@ TheMage and Paul Revere ... I'm genuinely interested in your conversation, but don't want to jump in on it in this thread because it's sort of semi-tangent-ish.  (But I can understand why you two continue your discussion here)... would you consider starting a different thread where lesser voices could participate w/out overly extending this thread? Also, this seems like a good 'general purpose' crypto-currency community topic that would be served better to not be buried in this thread.

Of course, I think its a good topic honestly.

Paul you up for a good philosophical discussion (with all respect of course)?

Please do not suggest a series of published letters.

Personally I like The Mage's advice. If the paycoin foundation got rid of their primes, and josh's coins I think XPY would have just as much of a shot as any other shitcoin.

I don't get how people think he is trying to make money off of this expressed point of view. Unless he just bought some XPY on the lows last week (doubt it since he has spoken out against XPY previously) and is hoping his advice sends the coin to $20 a piece?

I dont day trade, for one because I have a day job and dont have the time to manage the risks around it. And no I have never owned XPY, I only have held BTC, LTC, and DOGE.

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.

• If an address held by dooglus is identified as a GAW address, then that would be okay because it's for the greater good? Even if that address is valued at $2k at the time it's excised from the blockchain?
  
• What if Rashabh is owner of 3 of the prime controllers? He's put up a lot of money for them and is as much a victim of GAW as anyone else. Should his prime controllers and their existing coins be wiped out?

And, everyone is okay with setting this precedent... so, maybe in the future a coin could decide to just wipe out all addresses associated with Southern Hemisphere IP addresses... or maybe dump all addresses associated with EU wallets... hey, they could set up a kiddy-porn honeypot and drop all those wallets, that would certainly be for the greater good...

Everyone is comfortable with a crypto-currency suddenly becoming judge and jury in accordance with the current holders' ideals? That is essentially what you will be doing when you take a $1000 or $10,000 or $1mm worth of addresses and cut them out.

I'm not sure how you clean up XPY, but if the prime controllers survive till June, then who knows who will own (technically rent) them... as it stands now, the PC tenants seem to hold a lot of power over the future of the coin. What if they decide they want to go for the big-bang and focus on setting up silk-road5 or they decide to cut out all wallets holding less than 100k coins to increase scarcity because they're just muggles anyway, right?

That's not how it works though is it?

I can take Bitcoin source and create a fork to wipe out Nakamoto's coins. Trouble is, nobody would use my fork so my BTCSM would be useless and worthless.

Anyone can take Paycoin source and fork it for any reason. The team/foundation/whatchamacallit just did it. A hostile fork would be more difficult to pull off but not impossible.

In other words there is no justice system here akin to "real life" laws, precedents, etc. Complete anarchy and random chance, embrace it