Post
Topic
Board Service Discussion
Re: GAW / Josh Garza discussion. Paycoin XPY CoinStand Mineral. ALWAYS MAKE MONEY :)
by
FUBAR-BDHR
on 27/04/2015, 06:13:17 UTC
Gifting the prime controller back to the foundation or gaw would not be ideal in my eyes as it will be unknown whats happening with it.

Given that a prime controller is really just a private key that lets you stake higher, how can you gift it to anyone? You can give them a copy of it, but how do you un-learn the private key?

And rather than all this scraping, burning, etc. why not just remove the private key from your wallet's config file. Then you won't be staking with an unfair advantage and won't have to worry about how to dispose of the ill-gotten gains.

One last comment before i get back to work

If we were to stop staking nobody would be able to verify we actually stopped. We could have just moved to a new address with new coins.

And your right we cant just give it back. We know the key and without a update it cannot be removed

If I understand what has been said if you did or did not give it back and delisted the coin and removed all xpy from cryptsy it would in effect be dead as the 125k coins needed to stake are no longer with the controller.  

Man it's amazing how lots of beer makes this shit make sense.  

Wait after another 2 beers it hit me.  If a PC is useless without 125k xpy does that mean in addition to the PC they got 125k XPY for $1?  More magic coins out of thin air? 


http://talk.paycoin.com/uploads/Uploader/d9/fa433385d618f4b2d8d06cfe5e6428.pdf

Quote
One Paycoin Prime Node Wallet (without principal) & Private Key.

So where is that 125k coming from?  Coins owned by Cryptsy?  That would seem to be a big no no and conflict of interest.  Coins owned by users of Cryptsy? Do they know what their coins are being used for?  Hey we're going to use your coins to make 100% compounded continuous compounded interest and give you nothing.  Sure people would be fine with that.  An existing Garza wallet on Cryptsy?  Maybe one that's being used for those bots and dumps?  

Any which way I thing a few three letter agencies are going to have a field day with this.