GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2251.

keshuker

sr. member

Activity: 395

Merit: 250

aka. dibdab

Quote from: bumpershot on December 10, 2014, 11:26:26 AM

According to another poster, this is a bug, and I should have gotten 13694 Sats. If Paycoins end up being worth anything at all, I'm in good shape.

Same here.

What about a theorethical situation, that they would have the advertised 100M$ buy wall on some/several exchanges combined. It would just be impossible that GAW would have that kind of BTC. 100M$ is 2% of all BTC created, and if GAW would have exchanged the 100M$ to BTC, I'm sure the price of BTC would have seen another trend.

So IF they would put a buy wall somewhere, I do NOT think it could be against BTC, it would be against FIAT on their own platform and the dumpable amount would very probably be strictly controlled and queued. And of course the site would be constantly down due to this and that.

10BTCaDay

full member

Activity: 770

Merit: 100

Oikos.cash | Decentralized Finance on Tron

I'm not sure why he doesn't go hide someplace? After the SEC gets involved I'm sure hes looking at 20 years of prison.

alienesb

hero member

Activity: 868

Merit: 1000

Quote from: jayendo on December 10, 2014, 11:21:44 AM

Quote from: bitpop on December 10, 2014, 11:12:35 AM

Quote from: seedtrue on December 10, 2014, 10:59:30 AM

lol, it was just someone switching a 0 with a O but was still funny.

<>

Glad you enjoyed my troll, its part of an ongoing campaign of mine

I am alienesb and I approve of this troll.

bumpershot

hero member

Activity: 532

Merit: 500

Quote from: jackbox on December 10, 2014, 11:20:12 AM

Quote from: bumpershot on December 10, 2014, 11:17:45 AM

Quote

BTC Payout
0.00023047 BTC
HP Payout
18
Maintenance Fee
-0.00023046 BTC

HashPoint Pool
18 HP • 12/08/14 00:00 - 12/09/14 00:00
ZenPool
0.00013694 BTC • 12/08/14 05:35 - 12/08/14 17:35

I mean, come on. They could have at least disclosed this ahead of time.

Wow, you made 1 Satoshi. Way go to go.

According to another poster, this is a bug, and I should have gotten 13694 Sats. If Paycoins end up being worth anything at all, I'm in good shape.

bumpershot

hero member

Activity: 532

Merit: 500

It's actually comparable to other pools. 1 MHz for 12 hours yielding 13694 Sats is actually pretty good right now. I know, right?

jayendo

member

Activity: 392

Merit: 10

Quote from: bitpop on December 10, 2014, 11:12:35 AM

Quote from: seedtrue on December 10, 2014, 10:59:30 AM

lol, it was just someone switching a 0 with a O but was still funny.

<>

Glad you enjoyed my troll, its part of an ongoing campaign of mine

jackbox

legendary

Activity: 1246

Merit: 1024

Quote from: bumpershot on December 10, 2014, 11:17:45 AM

Quote

BTC Payout
0.00023047 BTC
HP Payout
18
Maintenance Fee
-0.00023046 BTC

HashPoint Pool
18 HP • 12/08/14 00:00 - 12/09/14 00:00
ZenPool
0.00013694 BTC • 12/08/14 05:35 - 12/08/14 17:35

I mean, come on. They could have at least disclosed this ahead of time.

Wow, you made 1 Satoshi. Way go to go.

vabchgent

sr. member

Activity: 840

Merit: 251

Quote from: bumpershot on December 10, 2014, 11:17:45 AM

Quote

BTC Payout
   0.00023047 BTC
HP Payout
   18
Maintenance Fee
   -0.00023046 BTC

HashPoint Pool
   18 HP • 12/08/14 00:00 - 12/09/14 00:00
ZenPool
   0.00013694 BTC • 12/08/14 05:35 - 12/08/14 17:35

I mean, come on. They could have at least disclosed this ahead of time.

Yikes Zenpool is a true disaster. I would need at least 100 ZENS to make what I make on my Antminers.

wdl1908

sr. member

Activity: 411

Merit: 250

Quote from: bumpershot on December 10, 2014, 11:15:01 AM

Great, now I look at yesterday's payouts and find out they're charging maintenance fees on double dipping without announcing it first. GAWsome.

They had said they were going to do that, then backtracked, so I've been DDing with ZenPool. I wish they had let me know before starting the maintenance fees on DD.

It's a bug confirmed by support.

jackbox

legendary

Activity: 1246

Merit: 1024

Quote from: wdl1908 on December 10, 2014, 11:15:59 AM

Quote from: suchmoon on December 10, 2014, 10:38:08 AM

Quote from: wdl1908 on December 10, 2014, 07:56:46 AM

Quote

3/ What density of paycoin transactions on a prime controller will it take to return a $20 investment to all investors down the chain?

transaction fee of about 0.001 about 10,000,000 a day (Rough calculation)

Is that per controller or total? 500m total transactions a day sounds excessive. Even 10m per day sounds incredible, at least in the beginning - assuming GAW has 200k customers each would need to do 50 transactions each day. AFAIK Visa network does ~200m per day on average.

So let's say it's 10m total. At 0.001 per transaction that's 10k per day in revenue. At 0.01 XPY staking rate this would pay for 1m HashStakers. Yet you're saying yourself that 3m might be locked in HashStakers, i.e. 30k per day needs to be paid out.

What am I missing?

Yeah I was just speculating did not really do the correct calculations. So or the transaction fees must be higher or the nr of transactions must be higher to get the 30k/day that is needed to do the payouts.

Transaction fees could be 0.0025 that is $0.05 which seem reasonable for normal amounts like buying something from a merchant but is outrageously high when you just went to send one coin. Did not found any information on transaction fee amounts in the white-paper.

No transaction fees have been announced. In fact, nothing of substance about the coin, block rewards, blockchain, etc. has been announced. Guy was just pulling numbers out of his ass. Garza was interviewed and he said I don't know anything about block rewards, blockchain, etc. That is up to devs. What devs? The numbers cannot make sense. He said prime controllers will earn about 10%. So how is GAW going to pay people with CashTakers up to 400%. It boggles the mind anyone is eating this shit up.

bumpershot

hero member

Activity: 532

Merit: 500

Quote

BTC Payout
0.00023047 BTC
HP Payout
18
Maintenance Fee
-0.00023046 BTC

HashPoint Pool
18 HP • 12/08/14 00:00 - 12/09/14 00:00
ZenPool
0.00013694 BTC • 12/08/14 05:35 - 12/08/14 17:35

I mean, come on. They could have at least disclosed this ahead of time.

wdl1908

sr. member

Activity: 411

Merit: 250

Quote from: suchmoon on December 10, 2014, 10:38:08 AM

Quote from: wdl1908 on December 10, 2014, 07:56:46 AM

Quote

3/ What density of paycoin transactions on a prime controller will it take to return a $20 investment to all investors down the chain?

transaction fee of about 0.001 about 10,000,000 a day (Rough calculation)

Is that per controller or total? 500m total transactions a day sounds excessive. Even 10m per day sounds incredible, at least in the beginning - assuming GAW has 200k customers each would need to do 50 transactions each day. AFAIK Visa network does ~200m per day on average.

So let's say it's 10m total. At 0.001 per transaction that's 10k per day in revenue. At 0.01 XPY staking rate this would pay for 1m HashStakers. Yet you're saying yourself that 3m might be locked in HashStakers, i.e. 30k per day needs to be paid out.

What am I missing?

Yeah I was just speculating did not really do the correct calculations. So or the transaction fees must be higher or the nr of transactions must be higher to get the 30k/day that is needed to do the payouts.

Transaction fees could be 0.0025 that is $0.05 which seem reasonable for normal amounts like buying something from a merchant but is outrageously high when you just went to send one coin. Did not found any information on transaction fee amounts in the white-paper.

jackbox

legendary

Activity: 1246

Merit: 1024

Quote from: bitpop on December 10, 2014, 11:06:54 AM

Isn't 0 satoshi possible? I guess that would be a Litecoin satoshi

Or a FLIRT coin Satoshi. RiverBoat can appreciate that. Shocked

bumpershot

hero member

Activity: 532

Merit: 500

Great, now I look at yesterday's payouts and find out they're charging maintenance fees on double dipping without announcing it first. GAWsome.

They had said they were going to do that, then backtracked, so I've been DDing with ZenPool. I wish they had let me know before starting the maintenance fees on DD.

bitpop

legendary

Activity: 2912

Merit: 1060

Quote from: seedtrue on December 10, 2014, 10:59:30 AM

lol, it was just someone switching a 0 with a O but was still funny.

<>

suchmoon

legendary

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Merit: 8909

https://bpip.org

Quote from: siampumpkin on December 10, 2014, 10:44:41 AM

Quote from: yeahright on December 10, 2014, 10:10:58 AM

Quote from: jackbox on December 10, 2014, 09:59:50 AM

Twitter (again):

Quote

Josh Garza @gawceo · Many are going to eat their words next week. I saved the best for last.

Another affiliate program announcement Josh? Yea that global financial partner announcement was really fantastic.

He will be announcing that Primes can now mine SHA but too bad you guys converted it all to the cashstakers but I did promise you it can

I thought they were supposed to do that 2 months ago? But that was forgotten and pushed aside like all the other promises Homero made to his customers!

There was a convoluted explanation for that, something like:

We had payout issues at that time and didn't want to complicate things further by introducing a new feature
Then BTC tanked and SHA256 would have been less profitable than ZenPool, so it made no sense
Of course then ZenPool tanked and SHA256 would have been more profitable, but that was never explained

Quote from: seedtrue on December 10, 2014, 10:59:30 AM

lol, it was just someone switching a 0 with a O but was still funny.
https://i.imgur.com/9XV1rgK.png

^ upvote

bitpop

legendary

Activity: 2912

Merit: 1060

Isn't 0 satoshi possible? I guess that would be a Litecoin satoshi

jackbox

legendary

Activity: 1246

Merit: 1024

Quote from: TheIZS on December 10, 2014, 11:03:07 AM

Quote from: ?? on ??

4/ If all the big investors decide to sell their paycoin on release, how much of the $20 buy wall be left for those locking up their coins in hashstakers?

1/2 of the coins locked up in the prime controllers at launch. let's say 1/4 locked up in stakers gives about 3,125,000 free coins at $20 = 62,500,000 the buy wall was sometimes mentioned to be $100,000,000 so about 37,500,000 left.

By that math alone you prove the lie. Any financial firm at any level of competence would refuse to give away that much of their investment or even risk a "dump against the wall" (I know I've been saving that one). Once the selling starts the price will go into free fall. The only thing for sure in this scenario is the loss of millions in the initial investment. Best case maybe get their money back. So why would anyone put millions on the table to begin with? There is no floor for paycoin never was.
[/quote]

Yes, there is a floor. It is 1 Satoshi. Cheesy

Or it will only trade in LTC and go lower?

TheIZS

full member

Activity: 162

Merit: 100

Quote from: ?? on ??

4/ If all the big investors decide to sell their paycoin on release, how much of the $20 buy wall be left for those locking up their coins in hashstakers?

1/2 of the coins locked up in the prime controllers at launch. let's say 1/4 locked up in stakers gives about 3,125,000 free coins at $20 = 62,500,000 the buy wall was sometimes mentioned to be $100,000,000 so about 37,500,000 left.

[/quote]

By that math alone you prove the lie. Any financial firm at any level of competence would refuse to give away that much of their investment or even risk a "dump against the wall" (I know I've been saving that one). Once the selling starts the price will go into free fall. The only thing for sure in this scenario is the loss of millions in the initial investment. Best case maybe get their money back. So why would anyone put millions on the table to begin with? There is no floor for paycoin never was.

seedtrue

legendary

Activity: 963

Merit: 1002

lol, it was just someone switching a 0 with a O but was still funny.

Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2251. (Read 3377790 times)