Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 748. (Read 3377922 times)

Dear Cryptsy, here are my suggestions:

Give back the prime controller.
Kick XPY out of the cryptsy market. Shapeshift kicked it out months ago, because it's a scam coin - and so should have you.
Warn users about paycoin, GAW and Garza.
Don't ever touch anything by Garza again. The stink is hard to get off.

Sorry guys, but can I have a summarized explanation concerning the stuff about Prime Controllers, Cryptsy, and the supposed fork? It's really hard to keep up right now, and I really don't get what is going on.

sudo rm -rf /

Return the controller.
Delist XPY.
Try to salvage reputation.

Don't even know what to say about that. I guess you guys want to add legitimacy to the coin to help the bag holders in the future, but there really isn't a way that has been discussed in which it wouldn't mostly be helping homero abd GAW. Although ill refrain from trashing your exchange as its impossible to know what the intent of these actions is, I will say that Im surprised by this announcement. You guys should probably de-list xpy though, thats just my opinion.

Yep I agree.  I'd go mental if even one of my precious satoshi went missing.  I will not part with a single coin not one piece of it

There is more chance of the UK monarch getting high on unicorn farts live on TV than any of that happening.

Um, give it back and stop being corrupt dickheads?

nobody likes cryptsy its already a shitshow. "Few instances of missing coins" wtf? Who would use them after such instances. Cryptsy never was legit and never will be. Just let it die already just like xpy.

Can you explain this comment?  I looked at the file and it doesn't contain the private keys?  It only talks about recovery from them?  Why is it that you can't do anything with the private key of a crypto address?

Just my take.
I haven't had any large problems with Cryptsy (yes I knew about their "stealth staking" of customer coins but just factored that into cost of their exchange) other than a few small instances of coins vanishing, however I can not have anything to do with that enterprise until they delist XPY.
I know removing my alt coins isn't going to hurt them but if we all stop using cryptsy until XPY is delisted it would probably make enough of an impression to wake Vern up.

I thought cryptsy was only gifted 1 PC?

And why not burn 100% of the coins? Is there a reason that burning all the coins until the PC is empty would remove their imaginary voting rights?

Why are PC's imaginary voting rights even being taken seriously?

Is there some way Garza could use the multiple exchanges (paybase, mineral, paybase2 and now cryptsy) to artificially inflate the coin price?

Thank you for a reasonable post. Although I find it hard to believe that you didn't realize the potential shitstorm - haven't you been following the drama surrounding one of your highest-volume coins?

As for best course of action - the problem is that the "community" will be very skeptical that Cryptsy will act in the best interests of said community. And who is the community Cryptsy is supposed to represent? Bagholders? Day traders? There is definitely some sort of ethical dilemma and/or conflict of interest here.

If we consider just the technical side the best thing to do would be to burn the stake and keep the principal coins locked up, until a fork is developed that gets rid of the unbalanced inflation. Not distribute to the users. Burning the stake would reduce the inflation and keeping the controllers would allow Cryptsy to still participate in the voting. But with only 3 votes I'm not sure it's really worth risking the bad publicity.

If you want to have your user base in control, then make a voting platform and allow votes as 1 coin = 1 vote, then allow your invested user base to vote on the future of the coin and you defer to the current vote no matter which way it goes.  Here are some initial things for your user base to vote on:

(a) All Paycoin Prime Controllers must be publicly registered, to include the owner's identification, the addresses used, and an automated reporting system that shows all coin movements to/from those addreses that anyone can see on a public website. The cost of producing and maintaining the website will be born equally by all Prime Controller owners.

(b) All US Non-Profits claiming association with the Paycoin ecosystem (in the sense of promiting or maintaining it), must be registered on the above address with the following information: Date and place of incorporation, names of all officers and board members, date of non-profit application submission, monthly public financial accounting for ALL USD, BTC, XPY, and any other currencies (crypto or otherwise) used.

(c) At this point, and through the next semi-annual Prime Controller leasing period, what should the ANNUAL staking rate be on Prime Controllers, Orion Wallets, BT Wallets, and Non-Staking Online Wallets held by entities such as exchanges?

(d) Do you think the Paycoin ecosystem should make an official, never-changing, burn address to be publicly utilized as evidence of 'burned coins' (this could be a readable address, such as "ThesePaycoinsWillBeBurnedForever"

"Perfect time to switch bitcoins to paycoins!", how's that conversion working out for you rdewilde?

ha, I guess this is what MrGanza^™ expected by shuttering hashtalk, getting TeamScam to come over here, lol.

Because you are a PayCoin Shill thus guilty by association. You defend the indefensible. You deserve your just rewards.

He probably read this post you made https://bitcointalksearch.org/topic/do-you-think-you-were-scammed-by-gaw-tell-ars-technica-923897 and decided you were a shit coin shill.  He doesn't owe you any respect, respect is earned and you should refer to him as Sir Bitpop.  Good Day.