Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2127. (Read 3377790 times)

To the first point, if people only spend their earned interest they are merely rentiers, and not adding any economic value.
Second point, i know they can't spend the staked XPY and that is even worse. It's like locking it into a long-term CD except no bank is issuing a loan on the other side of that!
Third, Keynes was writing at a time when all gov't money was backed by gold. And yes, there is actually a controlling entity - GAW's reserve fund of fiat - to artificially prop up the market price. This is no different than deficit spending if you want to draw the analogy.

forgive me, the sheer stench of the brainwashed and blinkered on this thread had me presume that you were invested in the full ponzi.
please accept my apologies if I spoke out of turn in any of my direct comments to you.

The hashrate calculations on the blockchain are really not accurate I think. Also I think a lot of hashrate is coming from other SHA coins and some people are spinning up gear that has been dormant and/or unprofitable while mining bitcoin.

I've seen ebay listen that where selling SHA gear been taken down.

that was the 1st FBI auction. there has been another since and the buyer remained anonymous AFAIK

I see, that's why I'm just "daytraing" XPY instead of hoarding it . Buying between 0.022-0.026 and then selling between 0.032-0.035 is a really good stuff. I've made more in the last two days than on Bittrex and Cryptsy together in the last two weeks .

(To be honest the religious tone on HT was a bit scary for me, and that was one of the reasons why I decided to keep a little distance.)

You got it.

It's inducing them to hoard instead of spending massive amounts.  People will spend.  It's what keeps the exchange rate semi-stable.  People will spend their "profits" after staking.  They will still continue to stake to keep a revenue stream.  They will spend any extra that they can't stake.



You can't spend your staked XPY.  I think you are missing that point.



Ok... but there isn't a fiat controlling government here in XPY...  despite what the nay-sayers and boo-birds say.

I dont think the auction buyers, Tim being one of them, are selling their bitcoins. Tims wallet:
28,156.51316529 BTC
https://blockchain.info/address/16cTyJLWbXQz3UZ3sYjy6A6VGX4sAqiEo1
I also think he is funding some start ups with his bitcoins.
I don't think Homero is selling his bitcoins too.. He might be selling his paycoins to get more bitcoins..

im still laughing at this

Isn't the inflation rate on ponzi coin 400% per year? 

I'm not saying that. Just that the economist JM Keynes addressed the potential problem of hoarding money. Marx also addressed this incidentally (gold fetishism).

This has nothing to do with Keynes' claims of aggregate demand, deficit spending and so forth. Or any of Marx's other claims.

once all this hype is over and those who have made money from the POW mining phase, there will be very few people who wish to continually line Garza's pockets.
This is where a ponzi like this will be able to keep paying, because there will be precious few who fall for it, and the bulk of the money will belong to Garza.
I'm astounded that you cannot see this.

This is so absurd I don't even know where to start, but I will try.  You need to read some basic finance texts on debt (particularly bonds) and risk.

Basically there are a few principals you should try to understand:

(1) Its all debt (make no mistake: your bank deposit or CD is in reality debt, and so is your "purchase" of a hashtaker and your "staking" of coins with GAW - you are just lending money in exchange for a rate of return guaranty)

(2) When you invest in debt instruments, you get a rate of return that is determined almost entirely by the RISK of repayment or lack thereof.  The higher the risk of default, the higher the interest rate.

(3) A BANK CD has ZERO risk of default, therefore nearly zero rate of return.  Not only is it a lend to a financial institution that is heavily regulated, and has minimum cash on hand and deposit requirements, and is limited in the risk of its investments, etc.... BUT ALSO the FDIC insures your deposit.  So even if the bank goes belly up, you get your money back so long as the U.S. government is still around and functioning.  At least this is true in the U.S. 

(4) A loan to a major corporation that is RATED HIGHLY (usually Moody's) is via a bond instrument.  ROI for A-AAA rated bonds is low (<1%) because no one thinks for a minute that GE for example is going to default on short term. 

(5) A loan to a major corporation that is RATED less than A, but still investment grade (B or BBB) will be much higher 3-8% currently. This is all due to risk, since in bankruptcy bondholders usually get  paid pennies on the dollar (or nothing) so a default is the major risk.

(6) Loans to major corporations that are less than BBB are called "junk bonds" and boiler room sales of these sent folks to jail in the 80's.  Controversial, but regardless of whether you think sales should be allowed, rates on junk bonds can be really high, 7-15% range right now.  Note that these are still public companies with lots of disclosure, financials, etc. 

How on earth would you compare the promised yield on a government backed investment grade CD to a loan to GAW for staking?

HPs can be created only by mining? Are you sure? Actually I have no idea what HP really is and how many exist.

"Says fckin who"... me?  Yes.

I thought that's what we were doing here... debating our opinions?  Go ahead and cash out your 25 XPY.  I doubt you'll make much dent.

So... you want to discuss purchasing power of an XPY vs. USD?  I'm confused here by your "shrill" reply.

Constant cash flow . Not to mention that most ppl over there converted their script and sha hashlets to stakers. Sooner or later they want to buy hashlets again plus these lifetime haslets were all converted to 1.5, 3 and 6 month stakers, so GAW will have tons of "free" hashlets to sell back again. I'd buy GAW shares if I could .

Oh come on, Keynesian economics fails every time in the real world.

When you say something like that you can also try doing your own math and not wait for someone to do it for you.

There is a maximum of 20 hashpoints per user per day. By GAW's own admission there are between 10-20k users at most. Assuming everyone got 20 per day (which they obviously didn't) for 60 days (obviously too much, since this feature didn't work for a while) we get 24 million hashpoints. Doesn't make a dent in 2.9 billion.

Touche!