Post
Topic
Board Service Discussion
Re: GAW / Josh Garza discussion. Paycoin XPY CoinStand Mineral. ALWAYS MAKE MONEY :)
by
bumpershot
on 27/04/2015, 09:52:53 UTC
1) For any of this Prime Controller sketchiness to matter, someone has to want to buy the coin. For all of this "this coin isn't dying" to work, someone has to want to buy the coin. For all of the time, energy, and money spent by the Paycoin Foundation and Team XPY Dev to matter, someone has to want to buy the coin.

So that, to me, is the most compelling remaining question. Who is still buying?

2) The second most compelling line of investigation is how involved Cryptsy was in GAW's affairs, especially the CTO. I had no idea Long was CTO of Cryptsy, and that seems like a gamechanger. Even if Cryptsy washes its hands of XPY completely, it still has that historical relationship with an internet scam that was much tighter than previously thought. We knew Josh recommended Cryptsy as the exchange of choice, and I thought that was because he had bots set up on that exchange, but, as usual with this story, the reality involves a backroom deal and multiple bad actors.

3) How many hyperstaking wallets are there, now? It seems like this is something that might could be answered with blockchain analysis if I cared enough. I think those leaked private keys will transform any wallet with a certain number of coins into a hyperstaker. That's kind of a big deal. This effectively chases out any small owners of XPY. If you don't have enough to hyperstake, and everyone else is hyperstaking, the value in their wallets will remain fairly constant, but yours will drift towards zero.

4) Saying "but the REAL villain is Josh Garza" doesn't excuse scummy actions. There are a bunch of icky people involved in this, too many to name, really. Of those, the only one who's really come out and said, "My bad. I f'd up and helped scam a bunch of people" is Capuano. Every other person is trying to deflect blame for their actions onto Garza, and any integrity the Paycoin Foundation might have had was blown away when they inexplicably bumped their hyperstake rates up to 100% for no discernible reason. There is so much sketchiness, even with previously respectable businesses like GoCoin, that something like BitMain's super-professional dealings with GAW stands out as an exception.