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Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
jimmothy
on 16/12/2014, 20:27:05 UTC
This is the part I think most believers fail to understand/acknowledge.

As of now you would need to dump 1.7m paycoins (14% the total coin supply) to eat through GAW's buy wall of ~$34 million.

In 5 years there will be 12.8 billion paycoins so dumping 1.4m paycoins would only be ~0.015% of the total coin supply. To dump 14% of the total coin supply (1.8b) at $20/coin would require a $35 billion buy wall.

Why does everyone here think the automatic thing is to dump?  Isn't the whole "high-brow" point of BTC centered on building an ecosystem around it's use and adoption?  So that a BTC is a BTC, and not just what it's value is today in USD?

You don't have a choice.

If you don't dump, your money is worth 1/1,000,000th it's original value every 10 years. (unless you perpetually fork over money for hashstakers)

Get rich quick schemes are a zero sum game. Everyone cannot win.

I'm sensing some irony here from you posting this on a bitcoin forum.

The difference is that BTC is a freely traded asset. Supply/demand have determined the value of Bitcoin. The CEO alone has determined the value of paycoin.

Here's an example of what will happen:

Step 1: Investor spends $2.5m to acquire 125,000 paycoins to buy a prime node.

Step 2: After 2 years at 400% apr the investor now has 2,000,000 paycoins

Step 3: Investor thinks that turning $2.5m in to $40m is good enough. dumps $35m worth of paycoins. Scheme collapses.

The problem with this scheme is that the only real value is the promise of profit. Without the "guaranteed" price of $20/coin everything collapses.