Quote from: Phildo on December 18, 2014, 07:44:53 PM

Quote from: puwaha on December 18, 2014, 06:48:58 PM

Quote from: jfabritz on December 18, 2014, 04:55:51 PM

Quote from: puwaha on December 18, 2014, 04:41:53 PM

Quote from: Phildo on December 18, 2014, 04:31:40 PM

If paycoins are worth 20, why don't they scoop up all these 7 dollar coins to put 13 bucks in their pocket?

Why would they reward dumpers? Wouldn't they rather reward their faithful paybase users with the wall?

I don't think you understood the question.

There are coins out there that are supposedly valued at $20 each, selling in an exchange for $7. If you believe the $20 hype, then these wild coins are extremely undervalued.

If GAW buys the cheap coins and takes them out of circulation, they have just saved themselves $13 they have to pay out to someone who cashes that coin in on their $20 wall. That seems like common sense.

Look at it this way. Say there will be 500K coins out in circulation by end of POW. And GAW expects another 500K of dumping from customers at paybase. Why would they eat into their own reserves to reward dumpers (GAW is still losing $7 of their reserve per coin to the dumpers)... when they can just buoy their own customer base at the $20 promised? The miner/dumpers will have to take their low sell bids off of the exchanges and take them to paybase to get $20 per coin. Removing the low sell bids from the exchanges can increase the value of the remaining coins on the exchanges.

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What gets me is that all these GAWites want to buy these cheap coins so they can turn them around for $20 later. They are not doing it to protect Paycoin, they are doing it to cash in... just like everybody else... They are all hypocrites, claiming to protect Paycoin so they can exploit it later. So who is doing more damage now, eh?

I'm in it for the money. Any honest-with-themselves bitcoiner will tell you the same.

I did buy one coin from an exchange to see if the wallet in Zen would accept it. I don't like to play the trading game.

They are not eating into the reserve by buying off exchange. According to them they have millions of dollars so that they can give everyone $20 for a paycoin. If they give someone $7 for a paycoin they have $13 to keep, put back into the pool, give to the investors, set on fire, whatever. Every coin they buy for less than 20 bucks gives them more money. It's not that complicated. If I offered to give you a dollar bill if you gave me a quarter how would that eat into your reserve at all? Same thing here.

You really think there are reserves? Why wouldnt they be buying now? There no reserve and your fooling yourself to think 20 is even close to a price that you will receive.