Quote from: puwaha on December 19, 2014, 04:44:45 AM

Quote from: bitcoinnoisseur on December 19, 2014, 04:36:31 AM

Quote from: eightcylinders on December 19, 2014, 04:26:20 AM

Quote from: suchmoon on December 18, 2014, 11:55:10 PM

Quote from: puwaha on December 18, 2014, 11:49:35 PM

You still haven't explained why they need to buy any coin from an exchange to prop up a floor that simply doesn't exist until paybase is opened. They are just wasting money to buy coins they don't need.

I give up. This has been explained to you numerous times, I'm not quite sure why you're still so adamantly denying simple math. $5 < $20.

I think I get what puwha is saying (can't believe I see his point, but its worth thinking through). Let me try without all the smoke and mirrors.

Take the 500,000 mined PoW coins. Lets assume for the sake of argument that GAW mined zero of them, which is worst case for GAW.

Who are the buyers? (for this purpose, a miner who retains a coin is economically the same as a buyer)

(1) Speculators who think the price will go up. This group probably divides into (a) short term (betting on GAW trying to establish a floor price), and (b) long term (betting on long term rise in price of Paycoin irregardless of the floor).

(2) Stakers/Commercials who need coins to stake. These are probably not the Orion Controller folks who most certainly would have bought coins in the $2 ICO round, but rather are folks who want to stake their wallets with GAW and/or their downloaded wallets for the 5% yield.

If GAW does in fact establish the "floor", then most of 1(a) will dump, folks in 1(b) will dump a percentage of their holdings to lock in profits but will retain a position for the long term, and folks in 2 won't care. Let's say dump percentages in that case are 1(a) - 90%, 1(b) - 50%, and 2 - 5%

If you assume a 50/50 distribution between speculators and commercials, and an equal distribution also between short and long term speculators, I think what puwha is saying is that GAW doesn't need to buy ALL the 500,000 wild XPY; they only need to buy 90 % of the coins held by 1(a) group, 50% of the 1(b) coins, and 5% of the coins held by group 2. So the likely cost is much less even at a flat $20/coin than the assumed $3,000,000 max.

Moreover, if GAW tries to buy all 500,000 wild caught coins for $6 in market now, a massive buy like that would quickly escalate the price well above $6. That would mean that the long term speculators 1(b) and commercials 2 would pay more for their coins... so GAW would be hurting is loyal base by doing so.

Whether puwha is right depends heavily on your assumptions about how many coins are going into holders in each group, and what those holders are expecting in terms of exit price tiers.

And you actually believe that this is what has been running through puwha's mind and he just opted to never verbalize any of it? You seriously can not. His point about GAW not having to buy any paycoins was based solely on him not comprehending basic math and he proved that many times over. It is that simple.

No... just too lazy to do the math. Thanks eightcylinders.

I step away to eat dinner with the family for a few hours, and now have to go absorb what the hell is happening tonight.

That is actually far more pathetic. The "math" you were too lazy to do required no more than knowing how to multiply or divide 2 whole numbers. The "math" could not possibly have been much simpler. None of what eightcylider said was on your mind. You are far too dim to have thought of any of it. As I said, you only disagreed because you do not understand basic math and I mean real basic math.