Quote from: puwaha on December 18, 2014, 11:17:57 PM

Quote from: bitcoinnoisseur on December 18, 2014, 11:06:29 PM

Quote from: puwaha on December 18, 2014, 10:49:42 PM

Quote from: Paul Revere on December 18, 2014, 10:31:54 PM

Quote from: puwaha on December 18, 2014, 10:27:32 PM

Quote from: Paul Revere on December 18, 2014, 10:12:00 PM

Quote from: puwaha on December 18, 2014, 10:02:49 PM

No, what I'm saying is why spend money on exchanges to buy coins? They have enough debits to worry about with the HP->XPY->BTC/USD sell off from their own customers. They need to have the money to support this sell-off from their customers. And by doing so within paybase, they get the same effect from the exchanges that they want without having to buy coins from the exchanges. They can't control the price on the exchange, but they can manipulate behavior a bit by only guaranteeing the $20 via paybase.

Translation: They have no intentions of paying $20 for Paycoins. If they did they would be buying them right now for $5.

Example: I am a builder. Let's say I need 100 sheets of plywood for a job next week that I a obligated to do. Today the sheets of plywood are on sale for $5. The sale ends Sunday, and Monday I will have to pay $20 per sheet. Are you REALLY so stupid that you would pay $20 instead of $5?? Do you REALLY not know the difference between $500 and $2,000?? Another ~~product~~ victim of our educational system. Shocking.

They don't have to *BUY* any coins. They already have them!

Why would would you as a builder go buy cheap plywood when you already have enough for the job? Sure, it's cheap plywood, but all the money you have to buy the cheap plywood is spoken for... to pay the construction guy's salaries for a while. What are you going to tell your contruction guys... sorry, I spent all your salaries on more cheap plywood?

The "logic" you are applying here is so ass backwards I do not even know where to start to try to explain it to you. If you do not understand that buying something you must have for $5 instead of $20 is a better business practice I am afraid I will simply never be able to reach you. Kind of like trying to explain to my dog how to knit a sweater. Pretty much a wasted effort. Good luck!

Oh, and don't forget to rent more miners!!

If my logic is so "ass backwards"... then tell me... Why does GAW have to buy any XPY? They already have the 12 million they need to distribute to prime controllers and haspoint conversion customers. They don't have any more obligation to the price on any exchange other than their own.

If you don't understand that, then I guess we are done then.

You really are one dumb son of a bitch. Where the hell do you think all those 12 million coins are going? GAW doesn't own them. They just control them for right now. They go to every single investor in paycoin big or small and every single HP owner. GAW has to buy them back for $20(Unless Josh doesn't go back on that) from all of those investors. Everyone holding HP's right now are waiting for them to be converted to paycoins so they can sell them to GAW for $20.

You somewhat got it. Yes, GAW will value them at $20 in paybase, if you choose to cash them in. But they have setup their ecosystem in paybase to deflect as much "buyback" as possible. The vast majority of coins will be staked in prime controllers, another large portion will be staked in hashstakers, so the actual number of coins that GAW has to "buy" off of anyone will be pretty small comparatively speaking.

And I'll ask you not to insult me, please.

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People are buying up paycoins cheap(under $20) to send to Paybase to sell back to GAW for the $20 which Josh has promised. SO why isn't GAW buying them up off the exchanges so that they don't have to buy them back for $20 once Paybase goes live? The answer is because they aren't going to buy them all back for $20 unless Josh and everyone working for GAW completely lack basic math skills like you do. Please do not post again about this as you are a complete embarrassment.

Do you want to talk about price manipulation and arbitrage? Or are you just going to continue insulting people?

You have insulted yourself far more than anyone ever could by simply continuing to open your mouth and spew utterly ridiculous comments and questions. It seems as though you are a glutton for punishment as you never shut up and say the same things over and over ad nauseam. Does someone actually have to slap you upside the head to get you to understand all of this or to at least attempt to get your presimian brain to wrap around such basic math?