Ninjastic
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Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
jfabritz
on 19/12/2014, 06:01:13 UTC
Quote from: puwaha on December 19, 2014, 03:52:37 AM
Quote from: jfabritz on December 18, 2014, 11:59:28 PM
Quote from: puwaha on December 18, 2014, 11:42:25 PM

Except... you still haven't explained *why* they need to buy those coins from the exchanges for $5.  Then they will be accused of price manipulation and owning 100% of the coins in existence.  Just more fodder for what you are trying to do here.


So the hypothetical $7.5M out of GAW's pocket is the price they pay *not* to look like they are manipulating the coin?



Are you serious?  You think they have to buy all 500K coins at the end of POW?  Some will go to other exchanges, some will get staked, some will get home wallet staked, some will get cashed.

You don't think GAW has run these models?

We don't know what GAW was thinking when they set this all up. I don't think he expected someone to set up an exchange so quickly. I am sure he was ecstatic when he heard news that the initial trades were above his "$20" value, but then as the value started dropping, I am sure he was concerned how that would impact him by the time he finally got Paybase up and running.

I am going to save some coins I mined (yes, I admit I mined hashpoints and converted them to XPY! Cry) just so I can do my piddly weekly transfers to get my "$20" coins. Dammit Josh promised me "$20" value and I am going to get it!