Ok, so you've stated the reason why *you* will dump.  But you haven't given any valid reason as to why you think thousands of others will.  Don't get me wrong, there will be a sell-off when people first get the opportunity.  But GAW has staged and marketed it in a way to prevent as much of it as possible.  That is why I'm thinking might not be as bad as people think.



Oh, gee... I'm sorry.  I didn't realize you were master and commander of all knowledge and opinion.  If I'm offending you with positioning reason and debate of a different type above rhetoric and name calling, I'll leave you to your imaginary circle-jerk.

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?

So is it the same in the BTC world?  You have hundreds of people giving "advice" to other people here on this forum that you need to "hodl".  The BTC they hold is not doing anything to the economic value of BTC other than their exchanged currency (whether that was fiat or some other means) being locked up in the system for the period they hold it.  For some, the idea is that their speculation of a favorable  BTC->USD exchange rate will allow them to sell or trade at some later date.  But what are they selling or trading for?  Fiat or a good purchased with a BTC->fiat transaction.

I fail to see the difference here, other than the POS staking in the case of XPY.




Initially correct, but loans, escrows, added services, etc. can all be introduced that create more value for the coin.  BTC value creation is all tied into the POW, and speculation.  I don't see any other value adds.




You'll have to forgive me... I'm not a fan of Keynesian policy.  And discussing it's merits is probably best done in a separate thread in the Economics forum.

Hi all
is it me or suchpool is down again ??

By the way did anybody succeed to withdraw from suchpool ??

is there any stable alternate pool to mine xpy ?
 

I sure hope this dude thought ahead and built a roomy doghouse out back:

http://i877.photobucket.com/albums/ab338/JaggedSteel1/GawBeliever_zpsff29f207.jpg

Maybe he should sell her jewelry and the TV while she is at work to "invest" as well? Interesting to note that "she" is going to work, and he, being the brains of the household is staying home to "wisely invest" all of her earnings......

The plan from GAW's perspective is that people will keep restaking, and the few that cash out will only cash out a bit at a time.  The "market maker" staker/investors, will either have to restake their earned paycoins after 6 months in order to keep their prime controller status (because they have to maintain that 1% of all paycoins status to keep the controller status)... or sell their prime controller to another interested party.  They simply can't cash out their coins.

Well, let's look at the comparison two ways...

1.  A regular bank giving a 1.5% APY is actually losing you money if inflation is 3% per year.  So... a bank CD is only cautious because your original deposit is coming back to you... but that doesn't mean you made any money.  You actually lost purchasing power, while the bank had a field day with your original deposit.

2.  A hashstaker is similar in that you are paid in XPY... not USD.  So it doesn't matter what the XPY->USD exchange rate is when the hashstaker matures/expires... you are getting the rate that GAW said you were going to get in XPY only.  The purchasing power of that XPY may be poor due to a poor XPY->USD exchange rate... similar to the purchasing power of your CD deposit being affected by inflation in #1 above.

The big question is if the exchange rate between XPY->USD can be effectively stabilized with the floor that GAW talks about for a significant amount of time.  No one knows the answer to this unfortunately.

A man doesn't talk to other men the way you talk to me. I'm pretty sure if you and I were standing in front of one another, you'd take a different tone with me.

http://i0.kym-cdn.com/photos/images/newsfeed/000/732/510/252.jpg

 

I doubt it's anywhere near 10 XPY per day for that hashrate, more like 5, and it's less than $9 now too. I other words, renting out is a safer bet in a declining market like this - if your ultimate goal is BTC, and not XPY.

Your positivity is welcomed.


technically, that's not actually dealing in paycoin whatsoever is it..? the renters of my rigs can choose whichever price to pay, and they can also choose whichever SHA256coin to mine, that they wish.


a spade is a spade. do I win a prize?


Please accept my heartfelt apologies if you feel that we do not want to take part in your cult and be a disciple to it.
I, for one, do not and there is, for me, no requirement to be disciplined in it. I'm here making a nice profit.


I didn't say anything of the sort. I said, "A fool and his money are soon parted."


I will be treating my wife to a nice holiday in sunnier climes with the profit i'm making from those who choose to rent my mining rigs.
I don't see where your personal abuse is coming from, and i'm afraid you are very wrong indeed.


bye then.


The end is nigh and we should all adhere to judgement day, right?



see...



I just had to make that text larger so that it is easy to find when your house of cards all comes crashing down.

It's great to see just how principled you folks are over here.

The majority of you have said, time and again, that you wouldn't touch anything GAW-related with a '1000 foot pole' yet you all are knowingly participating in Paycoin by mining, renting to paycoin miners...

Let's just call a spade a spade - not one of you has the discipline to keep your angry, grubby hands out of the bucket. Your stated intentions with this thread were to make sure no money fell into GAW's hands while people get scammed (something you've failed to prove, BTW) - and now each and every one of you is showing your true colors by being the same greedy assholes you say the folks participating in Paycoin are.

I will not visit this thread again. I've seen enough. Not a single one of you has any moral high ground to stand on anymore (not that you did before either - but the events of the last five days have unmasked every single one of you for what you are - trolls in the truest sense of the word).

Alienesb - you should have the brains to at least anonymously mine at suchpool dipshit - to come here and claim to be a hater to be with your chosen kind, then rent 50TH to mine Paycoin there - well, you are the biggest dipshit of all of these guys. You turned your back on GAW, became a buddy to those here, then you're turning coat yet again by mining the shit out of Paycoin.

To hell with the lot of you. Time will prove out GAW and Josh's work. You guys can scream expletives from the sidelines all you want.

Everyone can't sell.  That's part of the whole launch of the prime controllers.  The "market makers" have to stake the coins for minimum 6 months in the prime controllers.  They can't dump.

The 5.5 million paycoins reserved for the hashpoint conversion could be dumped... but GAW made it very attractive to not dump.  So most consensus on hashtalk is that they will also stake.  I don't think there will be that many dumping.