Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 825. (Read 3377922 times)

It's not that simple.

It's not like a vending machine where anyone can walk up and insert a coin, it's like a concert stage where "anyone" can play music, subject to preapproval. Gaining the approval is the hard part. Anyone can attempt to fork, but one of two things has to happen:

1. You get approval from the person/people who own(s) the Paycoin repo on Github to approve your fork, after which all people using that source code now use your version; or,
2. You take the code, change it, and release it yourself. You then have to convince people to download and use your software. Once enough people convert (i.e. consensus is achieved), your software will be the official version.

This means you either have to convince the Paycoin devs to accept your fork (which definitely would not happen if you were trying to take away their ownership/control of Paycoin), or you have to manually convince tons of people to trust your code, download it, and use it. But guess what? Nobody would migrate to the software -- for a multitude of reasons -- mostly because of the fact that the act would seem super sketchy and none of those fucktards would be able to decipher the difference in the code. Compound this with the fact that it will be a direct power play against the current devs (if it weren't you would've just gone through them to make the changes), and you have another clusterfuck of insanity on your hands.

Cryptocurrency isn't as decentralized as you think it is, especially when we are talking about Paycoin.

However, there is one way you could get around this entire system: create an entirely new "Paycoin" community, beginning with your source code. In order for this to work you would just do the second option above and then, rather than convincing the old paycoiners to move to your software, you just convince new ones to join your Paycoin system. This might work, especially considering how many people want the original controllers of Paycoin to die in a pit of fire, but it would still be difficult -- honestly who the fuck would want to deal with Paycoin at this point?

Personally I would advise nobody to invest time, money or effort into Paycoin. There is nothing to gain and everything to lose.

Perianne is a bimbo

What I can't believe is how many posts are dedicated to Pay Coin, the funny thing is that the community that was initially built from GAW products was a good one, they raised money for people and generally put Crypto into a good place. It was not until hashlets that the problem started to unravel and the promise of never ending mining. Now I did buy in initially and converted all of my "Hardware". I sold an account at a very good profit. I know of several others who did so as well.

This was never going to end well, GAW would of been better off having a POW coin and point any mining power to the new coin. Once the white paper started to change and the details started to change I suspect a lot of people realized that they were screwed.

After selling my first account due to the obvious questions I had about mining power I did buy in again but only with profit and nothing else, I sold my paycoin at the very beginning of Pay Base for a price between $20 and $8.00.

No one needed to lose but people got greedy, the thing that is the biggest shame is that the GAW community was one of the better ones when it first kicked off. Had of Josh just stayed with mining he would of been able to have the end of mining life by know, the only problem was he did not have the miners to send to those whom may of requested them. 

https://twitter.com/serioiusInvest/status/590057356538556416
@serioiusInvest: #mrganza is to meet with fans in top of local hill. Wonder if fans will bring rope. https://t.co/6HrMrGddF2

Spot on, you just need transparency, once you have that then you can make decisions on how much of what address or Prime Controller could be banned.

I think the question is who has what? The almighty Blockchain could answer that.

Every coin in every prime controller is from the premine.  Customer coins do not mix with prime controllers. (6 million coins?)

I don't think GAW holds any customer coins today.  There was a contract floating around with numbers between the development co and GAW.

The other issue no one is pushing is the 15 Prime Controllers no one is admitting ownership of.  Phil, Mineral, Coinstand, Josh, Senators, Terrorists, Who owns them and why won't they come forward?  Did they pay for the Controllers?

What other coins?

Lots of words, 0 meaning

If there is extra and some people get banned by mistake then you just reimburse them from the other Coins.

Please elaborate.

due to toxicity of the coin the only people left to give it any support (dev, marketing, etc) are the PC holders who JUST made an agreement about 100% stake so they are not going the route of eliminating the golden gooses.

just because you put lipstick on the pig and say HEY anyone can start fork in the spirit of open source, yes thats true but its not reality. network consensus will be dictated by these entities for the foreseeable future. just as was outlined in Mr. Garzas sick mind

 
edit:
im not saying that these people do not have good intentions and maybe they will lower the stake later on. who knows. but for now it doesnt look too good. investing any money before that issue is under control  is a non-starter imo

Wrong.

How is a hardfork hard to do? Just look at it like this.

Josh didn't pay anything for the Coins he acquired and there is proof that he spent millions of dollars of investor funds on meaningless stuff (oops )

You just put a Hardfork in and freeze the Prime Controllers that are his, you could unfreeze them later if you really wanted. So many are just pondering of all these things while Coins get dumped, I've heard suggestions about just pulling market orders but that wouldn't work, people would still buy. The only option then is to just lock his Coins because you can lock him out if you want to.

I'm pretty sure if you have over 51% you could do it at any time.

The part you're missing is that GAW's coins and 99% of their customers coins are all intermingled in the Prime Controller addresses. (If GAW's numbers are to be believed, they are holding ~3 million customer coins.)

There's a good chance that GAW owns more coins in non-prime controller addresses than customers do. It wouldn't surprise me if Josh owns 1000+ addresses with medium/small balances. After all, they do put tons of effort in to obfuscating the blockchain.

I don't really know this new group, it's kinda weird, tomorrow is the Hardfork is it not? You get to choose between GAW's version and this new group who would have increased Staking but atleast theirs fixes an issue. Is this what it comes down to? With all that money that came in and all the stuff he bought, Josh couldn't take some time to fix some problems? Is it that hard to just do a small amount of work and pay someone a couple hundred bucks?

Warren Buffet was famous for living in modest quarters, he would often drive his own car so that he would not have to pay a chaffeau, and why get someone else to do it if you can do it yourself?

5 GB of his fraudulent business emails and personal stuff leaked, but Garza "has "chosen not to get involved". Ahahahahahahaha! Too busy inventing the next scam?

I was under the impression that anyone could update and fork any coin at any time.   IE I could release a new wallet update that removes prime nodes and removes any remaining "we will not premine"~HG coins. 

If that release gains network consensus or exchange consensus it will become the primary fork and everyone elses transactions will become orphaned.

Unless there was some change to open source and p2p networks recently?   

there is no support from the community to blacklist all PC's and no evidence (at least not enough to make conclusions) that current majority of PC holders have good intentions. it could just be an act to minimize Garzas toxicity on their investment and payroll. actually there was not enough support among the current ruling "elite" about the staking rates of these wallets and compromise of 100% was reached. pulled directly from someones ass, no math behind it

the only people promising dev work are the PC people. you will never get them and/or PC wallets out of the picture unless you have another choice of devs

The honest party (if there's one at all) should just make a new coin, blacklist primes and known Garza addresses and honor an airdrop to every paycoin holder.