Topic: [ ANN ]FIRST ALTCOIN EXCHANGE ACCEPTING TRADES IN BOTH INDIAN RUPEES AND UNITED - page 2. (Read 8661 times)

http://preev.com/btc/usd/source:localbitcoins

0.00042 = 0.1018


AND AT PRESENT THERE WAS A BUY ORDER FOR :

1499.49 TNT AT 0.00042 BTC EACH


WHY ONE BUY COIN DEPENDS UP ON THEIR OWN NEED WE ARE NOT FORCING TO BUY IF THEY WANT TO BUY THEY CAN 

Coldcoiner says that a floor is impossible with Prime Controllers for Paycoin, and also says that a floor is possible with Prime Controllers for his Paycoin clone , TNT. Seems legit.

All the buy bids on your own exchange are under $1, this doesn't seem very logical if the floor is $1.

Considering that the exchange trades under the $1 value and that nothing will stop your exchange or any other exchange to trade the currency freely at real market value I don't see the point in buying it for $1 with or without escrow.

Paul has a point regarding regarding staked coins, if my $1 is worth $1.20 including stakes in 3 months, you don't have the money to back the extra $0.20 I have generated.

If the escrow role is to back the currency value at $1, what is there to stop you from selling against that security when the escrow forwards you the funds (you get the funds, you sell a couple of TNT for $1 for operating costs or whatever other reason you can come up with)?  Your Prime Controllers will be generating insane amount of free money every day.  Having Prime Controllers is a big red flag and I fail to see the reason for them to even exists if your intent is to try and enforce a $1 floor.

If this will all be traded to FIAT and back, the fee on fiat transfers can be significant, this fee will have to be pushed to the consumer... The escrow will also want to be remunerated increasing the cost to acquire the coin.  Why would someone spend $1.15 to by a $1 coin why would they when they can use their $1 for face value at the moment?

P.S. Why have you locked the TNT thread and are discussing the coin here?

You mother fucker son of a prostitute it dosn't matter to us what you fool think or beleive go and lick josh ass. just like you are doing from past several months. 

@ Coldcoiner: Everything about Paycoin and therefore TNT coin that you stated in that linked post is completely WRONG. Everything that you think you know about Paycoin is based on what Josh told you. Guess what? He LIED to you. Josh played you for a fool. There was exactly one purpose for Paycoin, and that was to take YOUR MONEY and put it in JOSH"S POCKET. If you want to know what actually transpired, I suggest reading the Paycoin scam thread here. The entire scam and exactly how it was and still is being committed is laid out in great detail.

AGAIN: Please quit being a fucking asshole. No one is going to allow you to commit this TNT scam here.

you blind fool answers already given :


https://bitcointalksearch.org/topic/m.11524523


stop spamming you idiot

1: Wrong. Stake from TNT coin is created FREE, there is no backing. All of the coins in your possession were created with ZERO backing, which is exactly the same as the Paycoin model, and the actual main reason for failure. The Paycoin "CAF" was admitted in the leaked Emails by Josh to have consisted of IOUs from himself and Stu Fraser, and were worth less than the napkins they were written on, exactly ZERO dollars. Exactly the same as the TNT CAF. ZERO dollars.

2: Wrong. There were less than 80,000 Paycoins mined during the POW phase, which is an insignificant amount compared to the 12,000,000 that were premined and put in GAW/Josh's wallet. Also, a large portion of these were actually mined by GAW. Myself and others have conclusively proven by Blockchain tracing that the vast majority (well over 90%) of the Paycoins dumped onto markets were directly from the premined 12,000,000 that Josh got for free.

3: Wrong. Paycoin Prime Controllers were all in the hands of GAW/Josh from the start, except for 2 that Adam Matlack was given , which were 10% PCs, not the 350% ones. The person dumping paycoins was Josh from day 1 of the scam. This has been proven by Blockchain tracing, and has since been proven by Emails where Josh is directing Joe Mordica to transfer vast amounts of XPY to exchanges to be dumped on suckers like you.

4: Wrong. Nearly all of the Paycoins that were mined by private miners were dumped in the first days of the scam, and constituted a tiny drop in the ocean of millions of XPY that have been dumped from the premine and output from the Prime Controllers. The tiny amount of coins dumped by private miners were all purchased by suckers like you and did not affect the price at all. There are many single days where Josh dumped more than double the total amount of mined coins in one day. Repeatedly, over and over.

You are seriously deluded and uninformed, and have been taken for a fool by Homero Joshua Garza and his Paycoin scam. This does not give you the right to try to commit this same fraud on other people. Please stop being such a fucking asshole and trying to pull another scam.

you fool find the difference between paycoin and Transit coin below:

1,

paycoin was given to customer at 4$/coin ( HP conversion )

None of the transit coin will be available to buy below 1$.


2,

paycoin was mined by several user on POW face. It means they got the paycoin for 1$ or 2$

there will be no pow phase for TransitCoin. So again only source to get paycoin was from us and we will never sell paycoin below 1$ ( doesn't matter anyone use escrow or not )


3,

Paycoin prime controllers are in control of investors and staking from day one and dumping coins.

Transit Coin prime controllers are under my controller and we already stated 10 times that we will not sell below 1$/coin you idiot.


4,

paycoin was dumped by miners and Hp users far below 20$ because they got it for far less than that

If any one want to buy TransitCoin at 1$/coin and want to dump at 0.40 or 0.01 cent we will be happy for that they will not cause any lose to coin only make us money which can be further used to stabilize TransitCoin

What is the exact method you plan to use to determine the amount of coins staked on escrowed coins? Also, please describe the legal justification for imposing this arbitrary stake penalty. Exactly what gives you the legal authority to deny someone their property? Please phrase the answer in actual legal terms, because you are describing a legal matter when you are talking about denying someone their rightly acquired coins.

Edit to add: Also, can you explain this?


https://hashtalk.ch/topic/37983/where-i-am-today/8 Archive: https://archive.is/cmPAS

So, maintaining a $20 floor with ~15 Million Paycoins is clearly impossible with these "Prime Nodes" cranking out insane amounts of coins, but maintaining a $1 floor with ~5 Billion TNT coins with "Prime Nodes" cranking out 3.5x these insane amounts is going to like totally 100% work. You are saying the Paycoin model will not work over on Hashtalk, and here you are launching a clone of Paycoin with the same exact model and claiming that it will work. WTF? Which is it?

As already stated several times that user can choose his escrow.

So prior buying user can deal with escrow how to handle it. Like if user want escrow to convert the BTC to fiat and keep the fiat in escrow then he has to make that deal with escrow he selected. We don't have any control on it.


And you are not giving money to us you are giving it to escrow to hold it for 90 days. In between if you found that its not benificial for you to keep the coin you can return the coin and get your money back from escrow.


What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that.

A:   We don't have to give extra money to user for stake generated coins if they purchased it using escrow. Because untill they close the escrow and release fund to us they are holding our coin against security so every coin generated from that belong to us. And if they want to get their escrow fund back thay have to return actual coin they buyed + stake generated to escrow.

I know how coin staking works, I don't know how to turn the money given to you to purchase coins that you claim will support the floor will grow to match the number of coins in the wild/necessary to support the floor. I don't know how me giving an escrow $x for x coins helps whoever I give my coins to.

Those to me seem like important questions if I were to use your coin as opposed to one of the others.

You fools you didn't know how coin staking works :-)


Join http://tntswap.com and publish your tntcoin address here and get free tntcoins :-)

Soon^TM

I wonder if that coldboner person is very young. This harebrained plan of producing $5 billion out of thin air could possibly sound great to someone in their early teens and that would also explain the language. At the very least it's a person with no financial/market knowledge or social skills.

You still haven't explained how the staking will work at all.

I buy 100 coins, so I give someone (you/escrow/who cares) $100. Then the coin stakes, I have more than 100 coins, but you/escrow/who cares only has $100 so the "floor" is not valid anymore.

How is this going to work? Presumably there will be merchants accepting the coin, how will they get the $1 per coin? do they have to go to my escrow? If they go to you with coins, are you going to give them money that someone else gave you? Now you are short dollars that way.

What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that.

You said it again: Only buy coins from escrow. And you say that they can be bought straight from you. So which is it? You clearly have a poor grip on the English language and a complete lack of understanding regarding what statements mean.

Now last word you mother fucker :

Its clearly mentioned there : only buy coins from escrow

Where is it mentioned you idiot that its the only option available you retarded.

Look, I am going by what YOU are saying:


You should really make a list of all the lies you are putting forth to help you keep them straight. You really suck at this, give it up.

You fool we said that user can purchase coins through escrow option and its adviced . User can also purchase coins from wherever they want u idiot

Can u post a screenshot or link of that post you fucking idiot where we are saying that only source was escrow. You foooooooool

And as i said now its clear that you are a workless moron so all your further foolish post will be let unanswered if someone want to follow your advice they can :-)