Every day i skim through the hyping and calculations on the huge profits everybody will make by just staking and wonder: Where do these people imagine the money is coming from?
I mean, they can't just all be that daft, that they think that the value of Paycoin is going to be 20$ forever if everybody are making huge profits and dumping for BTC/cash can they?
It is the clearest red flag that convinced me right away when I read about the PoS staking, any PoS coin can increase the "interest" paid from staking, but this will create zero new BTC/USD into the altcoin.
What if I bought one Dogecoin from someone in here for 1 dollar, then the market cap for Doge would be 96,372,569,383 $ until somebody sells it cheaper again. Its frustrating to see that apparently noone on HT gets this.
I think the coin is going to lock in at 20.00 per coin. Like that is it and that is all. I am pretty sure GAW is going to figure it out. That corporations using the coin need a set coin price in order to use it. So no more no less 20.00 if thats where they set the value.
Btw, how many coins will there be in PoW phase? How long will PoW phase be? What is the average % of new coins generated by both magic PoS wallets and normal? When will PC be trade-able? On which exchanges? Why has the possibility to mine hashpoints been prolonged now already twice? Can outsiders mine PC in PoW? On which pools? Where can i DL a wallet?
I dont think you can find many altcoins that have been launched with so little information as PC. But the hype compensates I guess
And most of all, why does the corporations and GAW give out 500% profits just like that? And with the twice prolonged Hashpoint mining, they just keep on giving like a gift to all the valuable customers. I would have thought any early investor who threw 100 million dollars into this would have got in early to make own profit and not just throw it around to the small players, but this must be a new strategy.
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