No, what I'm saying is why spend money on exchanges to buy coins? They have enough debits to worry about with the HP->XPY->BTC/USD sell off from their own customers. They need to have the money to support this sell-off from their customers. And by doing so within paybase, they get the same effect from the exchanges that they want without having to buy coins from the exchanges. They can't control the price on the exchange, but they can manipulate behavior a bit by only guaranteeing the $20 via paybase.
Translation: They have no intentions of paying $20 for Paycoins. If they did they would be buying them right now for $5.
Example: I am a builder. Let's say I need 100 sheets of plywood for a job next week that I a obligated to do. Today the sheets of plywood are on sale for $5. The sale ends Sunday, and Monday I will have to pay $20 per sheet. Are you REALLY so stupid that you would pay $20 instead of $5?? Do you REALLY not know the difference between $500 and $2,000?? Another
They don't have to *BUY* any coins. They already have them!
Why would would you as a builder go buy cheap plywood when you already have enough for the job? Sure, it's cheap plywood, but all the money you have to buy the cheap plywood is spoken for... to pay the construction guy's salaries for a while. What are you going to tell your contruction guys... sorry, I spent all your salaries on more cheap plywood?
The "logic" you are applying here is so ass backwards I do not even know where to start to try to explain it to you. If you do not understand that buying something you must have for $5 instead of $20 is a better business practice I am afraid I will simply never be able to reach you. Kind of like trying to explain to my dog how to knit a sweater. Pretty much a wasted effort. Good luck!
Oh, and don't forget to rent more miners!!
If my logic is so "ass backwards"... then tell me... Why does GAW have to buy any XPY? They already have the 12 million they need to distribute to prime controllers and haspoint conversion customers. They don't have any more obligation to the price on any exchange other than their own.
If you don't understand that, then I guess we are done then.
I will try to reach you once more using the most basic terminology that I can, although I know this is most likely a wasted effort.
Josh promises that XPY can be sold on Paybase Monday for $20. This means that every coin not currently held by GAW will be snapped up and taken there and sold for $20. This means that $20 for every XPC currently in the wild will be coming out of GAW's bank account. If they were to buy these POW coins right now, they can be bought for $5.
The next part gets a little tricky, as it employs basic mathematics. Take a drink of water and try to stay with me here.
The estimate is that there will be 500,000 POW coins.
Today this 500,000 coins could be purchased @5 each. This equals $2,500,000
Monday, (if there is validity to the $20 buyback promise) these coins will be bought on the exchanges and sold on Paybase for $20 each. This equals $10,000,000.
Are you still with me here?? Take a breath, stretch and get ready for the next part, I promise it is the end of this complicated Math.
$10,000,000 is more than $2,500,000. This means that if you pay $10,000,000 instead of $2,500,000 you will have $7,500,000 LESS in your bank account Monday.
If you still do not understand that having $7,500,000 more in your bank account is better than tossing it in the toilet you will most likely never understand.
There. Was that so hard?
Make sure you rent as many miners as you can tonight to get "cheap" XPY so you can cash them in for $20 Monday morning!
I got your point the first time you explained it. I know how it works. Now let's assume GAW goes on the other exchanges and imposes a floor of $20 what will all of you say then? Then you got another point to attack GAW with MARKET MANIPULATION. I'm I correct? Oh yes I'm correct. So GAW does not do this because you people will have another reason to bash them.
