Homero is predictable if nothing else. I knew something seemed fishy about his actions today. They just reeked of desperation.
Even though paybase truly isn't fully baked, I think there's more to this behind the scenes. This is stalling. Being half-baked never stopped them from releasing a new product/site before.
I just don't buy his confidence in creating that floor. He has changed his mind so many times before. I think they're still trying to figure out the floor problem. Hoping maybe the market can work things out for them. I don't see an endgame that doesn't cost them millions and millions though. The problem with setting the floor is he is essentially taking on 240 million in debt for 12 million coins. Every coin is fun coupon worth exactly $20 and payable right out of gaw's pocket. And those coins are growing at a rate of almost 1%. And every coin he sells for less than $20 is a net negative because gaw may have to pay $20 for it at some later date.
I just don't see how this doesn't end very very badly for gaw. Merry Christmas Homero!
Think this way, todays pump and dump never touched his wall, the lemmings are so predictable that it is enough to put a wall and make the announcement,
and all of them will buy buy buy from their own pocket, when he announced that shit, i saw how intensive buy orders were, that wall never took hit, and he just took the order later...
so the conclusion is, he almost drove the price right to the 16$ withouth spending a coin!!!
He is smart enough for that... We were wondering why he wont buy tose cheapcoins while they are dumped right in the beggining, but nope, he didnt even spend a coin to drive market up... and the fact is, coins value is determined by peoples faith in it, and currently his influence is enought to keep it at 10$ + and thats something.
I can think of the scenario that he will release that base thing, prices will pump up...
besides christmas is bad time to scam people, if he do, how can he be confident in his and his family security...