https://www.youtube.com/watch?v=w90SspSJSgs
Paycoin2 scam broken down around minute 6
Topic: Paycoin (XPY) is scam - page 35. (Read 79581 times)
Same reason i will not touch Bitshares ever.
Bitshares' has already been attacked via Sybil but according to the devs it's "not an issue".
Gaw is pulling away from Paycoin. No surprise here.
Ceo finally admitted this morning at hashtalk they would not control price.
They will, however, support the coin by implementing other *promises* via Paybase.
The best part is; those still drinking the koolaid and loving it.
Ceo finally admitted this morning at hashtalk they would not control price.
They will, however, support the coin by implementing other *promises* via Paybase.
The best part is; those still drinking the koolaid and loving it.
Gaw is pulling away from Paycoin. No surprise here.
Ceo finally admitted this morning at hashtalk they would not control price.
They will, however, support the coin by implementing other *promises* via Paybase.
The best part is; those still drinking the koolaid and loving it.
Ceo finally admitted this morning at hashtalk they would not control price.
They will, however, support the coin by implementing other *promises* via Paybase.
The best part is; those still drinking the koolaid and loving it.
Definitely not in the source code you posted.
https://github.com/GAWMiners/paycoin/blob/master/src/wallet.cpp#L1294
Code:
if (mapArgs.count("-primenodekey") && mapArgs.count("-primenoderate")) // paycoin: primenode priv key
{
std::string strPrivKey = GetArg("-primenodekey", "");
std::vector vchPrivKey = ParseHex(strPrivKey);
CKey key;
key.SetPrivKey(CPrivKey(vchPrivKey.begin(), vchPrivKey.end())); // if key is not correct openssl may crash
CScript scriptTime;
scriptTime << txNew.nTime;
uint256 hashScriptTime = Hash(scriptTime.begin(), scriptTime.end());
std::vector vchSig;
if(!key.Sign(hashScriptTime, vchSig)){
return error("CreateCoinStake : Unable to sign checkpoint, wrong primenodekey?");
}
CScript scriptPrimeNode;
std::string primeNodeRateArg = GetArg("-primenoderate", "");
if (primeNodeRateArg.compare("350") == 0){
scriptPrimeNode << OP_PRIMENODE350 << vchSig;
primeNodeRate = 350;
nCombineThreshold = MINIMUM_FOR_PRIMENODE;
}else if (primeNodeRateArg.compare("100") == 0){
scriptPrimeNode << OP_PRIMENODE100 << vchSig;
primeNodeRate = 100;
nCombineThreshold = MINIMUM_FOR_PRIMENODE;
}else if (primeNodeRateArg.compare("20") == 0){
scriptPrimeNode << OP_PRIMENODE20 << vchSig;
primeNodeRate = 20;
nCombineThreshold = MINIMUM_FOR_PRIMENODE;
}else if (primeNodeRateArg.compare("10") == 0){
scriptPrimeNode << OP_PRIMENODE10 << vchSig;
primeNodeRate = 10;
nCombineThreshold = MINIMUM_FOR_PRIMENODE;
}else{
return error("CreateCoinStake : Primenode rate configuration is wrong or missing");
}
txNew.vout.push_back(CTxOut(0, scriptPrimeNode));
}else{
// Mark coin stake transaction
CScript scriptEmpty;
scriptEmpty.clear();
txNew.vout.push_back(CTxOut(0, scriptEmpty));
}
https://github.com/GAWMiners/paycoin/blob/master/src/main.h#L63
Code:
static const int64 MINIMUM_FOR_PRIMENODE = 125000 * COIN;
These are the private key imports for the private proof of stake. GAW controls the private keys and hence the Prime Node Slots at varying degrees of interest. Maximum is 350%.
Thank You,
Viz.
lol
as if that wasn't to be expected from the very first minute.
I only needed to know:
does not make an ANN at btctalk
why would they do that? Because they fear being ripped apart by people and asked a lot of questions they don't want to answer?
Same reason i will not touch Bitshares ever.
A coin that doesn't ann here out of fear to have to deal with the "trolls and fudders" is not a strong product and likely has something to hide. We have seen time and times again so called "fudders and trolls" expose scams for what they are.
So a coin not announced here can't get any respect.
Launching in an envirnonment where you control the conversation (own forum) and kick out everyone with some questions or doubts and same time NOT making an ANN here is a red flag.
as if that wasn't to be expected from the very first minute.
I only needed to know:
does not make an ANN at btctalk
why would they do that? Because they fear being ripped apart by people and asked a lot of questions they don't want to answer?
Same reason i will not touch Bitshares ever.
A coin that doesn't ann here out of fear to have to deal with the "trolls and fudders" is not a strong product and likely has something to hide. We have seen time and times again so called "fudders and trolls" expose scams for what they are.
So a coin not announced here can't get any respect.
Launching in an envirnonment where you control the conversation (own forum) and kick out everyone with some questions or doubts and same time NOT making an ANN here is a red flag.
And it's dropping!
No scam yeah?!
No scam yeah?!
XPY is shit coin because the dev owns most of coins, don't invest in this shitcoin 
Don't forget to read their source code:
This gives special slots that are only redeemable with private keys that GAW holds. Note the highest POS is 350%
Make sure to Check their Coin Cap:
2 Billion Max Coins - 350% of 12,500,000 is 43,750,000 XPY produced a year from the massive pre-mine and their "Prime Nodes".
The facts are here, but are we willing to see?
Viz.
Code:
int64 GetProofOfStakeReward(int64 nCoinAge, int primeNodeRate)
{
int64 nSubsidy = 0;
int64 nRewardCoinYear = 0; // creation amount per coin-year
if (primeNodeRate == 0)
nRewardCoinYear = 5 * CENT;
else if (primeNodeRate == 10)
nRewardCoinYear = 10 * CENT;
else if (primeNodeRate == 20)
nRewardCoinYear = 20 * CENT;
else if (primeNodeRate == 100)
nRewardCoinYear = 100 * CENT;
else if (primeNodeRate == 350)
nRewardCoinYear = 350 * CENT;
nSubsidy = nCoinAge * nRewardCoinYear * 33 / (365 * 33 + 8);
if (fDebug && GetBoolArg("-printcreation"))
printf("GetProofOfStakeReward(): primeNodeRate=%d create=%s nCoinAge=%"PRI64d"\n", primeNodeRate, FormatMoney(nSubsidy).c_str(), nCoinAge);
return nSubsidy;
}
This gives special slots that are only redeemable with private keys that GAW holds. Note the highest POS is 350%
Make sure to Check their Coin Cap:
Code:
static const int64 MAX_MONEY = 2000000000 * COIN;
2 Billion Max Coins - 350% of 12,500,000 is 43,750,000 XPY produced a year from the massive pre-mine and their "Prime Nodes".
The facts are here, but are we willing to see?
Viz.
Yes, when I posted the original code I didnt really emphasise the 350% POS, thankyou.
Don't forget to read their source code:
This gives special slots that are only redeemable with private keys that GAW holds. Note the highest POS is 350%
Make sure to Check their Coin Cap:
2 Billion Max Coins - 350% of 12,500,000 is 43,750,000 XPY produced a year from the massive pre-mine and their "Prime Nodes".
The facts are here, but are we willing to see?
Viz.
Code:
int64 GetProofOfStakeReward(int64 nCoinAge, int primeNodeRate)
{
int64 nSubsidy = 0;
int64 nRewardCoinYear = 0; // creation amount per coin-year
if (primeNodeRate == 0)
nRewardCoinYear = 5 * CENT;
else if (primeNodeRate == 10)
nRewardCoinYear = 10 * CENT;
else if (primeNodeRate == 20)
nRewardCoinYear = 20 * CENT;
else if (primeNodeRate == 100)
nRewardCoinYear = 100 * CENT;
else if (primeNodeRate == 350)
nRewardCoinYear = 350 * CENT;
nSubsidy = nCoinAge * nRewardCoinYear * 33 / (365 * 33 + 8);
if (fDebug && GetBoolArg("-printcreation"))
printf("GetProofOfStakeReward(): primeNodeRate=%d create=%s nCoinAge=%"PRI64d"\n", primeNodeRate, FormatMoney(nSubsidy).c_str(), nCoinAge);
return nSubsidy;
}
This gives special slots that are only redeemable with private keys that GAW holds. Note the highest POS is 350%
Make sure to Check their Coin Cap:
Code:
static const int64 MAX_MONEY = 2000000000 * COIN;
2 Billion Max Coins - 350% of 12,500,000 is 43,750,000 XPY produced a year from the massive pre-mine and their "Prime Nodes".
The facts are here, but are we willing to see?
Viz.
The math is wrong. Only the xpy kept in Prime controllers gets the rate, not the whole market cap, so the real number is around half that. Also, isn't the bidding on Prime Controllers open to anyone? Where are these private keys you speak of? Definitely not in the source code you posted.
Code:
if (IsCoinStake())
{
// paycoin: coin stake tx earns reward instead of paying fee
uint64 nCoinAge;
if (!GetCoinAge(txdb, nCoinAge))
return error("ConnectInputs() : %s unable to get coin age for coinstake", GetHash().ToString().substr(0,10).c_str());
int64 nStakeReward = GetValueOut() - nValueIn;
// todo : using accumulator in later version; make it short please
if (!vout[0].IsEmpty() && vout[0].scriptPubKey[0] == OP_PRIMENODE350){
std::vectorpubKeyList;
pubKeyList.push_back("0427096f2e3123970010d97a1f0e210499435482927b12b1d6a209f0c383e03b444a244e372cad494c144b47ac3686fc4feea2aec2df3ba77f41cc27dbf8f3c4ff");
pubKeyList.push_back("04d96b945eca3ea23e1dfd414d2a4772c66e6c7297d0d4f88b7a3b7c285931c36f16ef26299704d49bda770621d9145d96365e02380b4329aceafe7b81012bef48");
pubKeyList.push_back("040057901e3de5e6429912047c2b5175dde2586b981397a0e434d43accf2e49c108fb3361b3957fcbbfa39930d50aeff56c690e91ffb2d953eefa46aa50fcb6917");
pubKeyList.push_back("0486022d6dd5c8d17c411cf28add879e5c738b64090e83a43cca1699ececdb8f3524379aa71bb76a2af2d7e8294c9d7b8179d98215afe589c921e4507f63c5c802");
pubKeyList.push_back("0436639ad108f7630881fb3af5f540ded3bb4653dab695f1716e71ea5838bcee7c238fa624bc2f1bfe0990cea4c3ee3e9f949bbc61e347b5887815eb51468b5c88");
pubKeyList.push_back("04d04183c8caad2f41edffbabd5b6a266e886457ef0621283b3418979d841bc2425e6b273ce0ea2b461b9797a7d3edd74a4407af9995a9702018cf69df8eee6aba");
pubKeyList.push_back("04a8b4a8c55361f37cad732da49b2bccadb9be522dd84f9c2329a7dbfaac8c5dd093b803d791719c413196694c97fcb360b7935034dcc4b1b3c2e45a39e67b8dd6");
pubKeyList.push_back("04b7930cd8bda83097841cfa0a2b5317ecc029a512bbf056a130421ee500773f16850f74e2cbffa4e8aa2a0b0a25009ea619e49839e8608db4469de285d6ee781d");
pubKeyList.push_back("04d0e3e0e688659d07d4510e25a9884c12931e581b8a2bcdd8ad6c4362ae219b08089761e88e17109aa6618dfca152f854e880ca66414d7f8e5d1d95e70dc95dee");
pubKeyList.push_back("04025f944a31226086da4f0f49188bfe12d29a304986d909b00560a5f8c84c09ab0f6d0e16926d42a07eaa522dad74404ef25ca863fbd78d45ecdb6da282caf9da");
pubKeyList.push_back("04983ebed643535907ebbea93387ca38c262778d21dab385f0d0c5dc49b66ebe54c27d9e318ea2798800a067dc3ad8e414684d477e7633f261b08522a0f81b3c5e");
pubKeyList.push_back("04512b7f555a89e73cd1f9d5138d8e46b81c49a184e0cb7b538167e046dea93689101f076c59874c085642b33b2ad58ff1dee34ffa1d03880c0272686291bd64b5");
pubKeyList.push_back("045f46a60dd9c3c3e68a127aee68a4ad59d303f9cfe91e2015156fe25a42687855a6de4ccb53756f06e7c3cf66e295fd84d8c3c0fd73c7cee44966aaae3d033652");
pubKeyList.push_back("049a0e427b86663cc928d6475d0e591fd6dbaf686e2b6a140e79e646fbaa0c88481984f61de390c9fc73c9f58d2c26bd8bdadbdd400a8cc96b4d7a6f52fbe1209d");
pubKeyList.push_back("040da5d570e39531f25ae747a1698d67470c0d7fb4941f104d081235f7425cefb95b5eca24daf80a732cb267bd13d47b62ce4102394c180b2a792216f4a087d320");
pubKeyList.push_back("04672dbddcb26bc82028652a5ff042f98c5c5f58f7330d49ad4a22268f9a93e2cca8ce2ed7a93012b83903f4ddcef5f1a0ea5fb90df3ae38528489d9b69cd0dd39");
pubKeyList.push_back("04fb8a251640f766ec63aee35f74f49e46b5ae7f61f7bcabe6103d13ab56086c884c525b96e10741704a3c44982aa9c6577184f0259a36f18e4ca8325ff2cd8330");
pubKeyList.push_back("04f9644ebc672e382eb45a82e221f2ab9d5124fea1de7de2d417c863ddd760c5c778f8fe39e09e7937ac99172a3a9d0b013020c1256b935da171b66864a1e16b9c");
pubKeyList.push_back("048a58fe8de7c123f6f816667fb1bfe6d99b9f0ac415bde1fdf4e9725fc80d2699c30b362faf992cd00edb586df9f459081c3f586becbabdd33bdd8becf31f85c2");
pubKeyList.push_back("0475a43388b6023722d93c03128541b3877153736a9ac7f48bf1d1a37e46aa1381a450aa0a6c40e2f4e317a4212c37c18bd1cf99ea3f70ecec83c30f4ceca65201");
pubKeyList.push_back("04bf85a4920b6fb89868fac40c4917af40546867221f2da2de84b9a9f26c569cee689c2eafe0c911c31ac88d9005badb8f32fb0650ffe2e272194ef5df162b35ac");
pubKeyList.push_back("04e75eda3a94f74d684a7239b8c6cc056e75fba2690888855f81810c439270265f4c3c46c3aedfaff81da2dfb236e091cc36b5759e6a0513898ad443cf91ff6631");
pubKeyList.push_back("04c62eb46a011e45f0069d8881894ac22889988b384ba7234c5caeed42d4f11d16e2ba0b55198cec0a0a710714d0602e1ccaada5284ae07fa0ae43b0cb1e7d59b1");
pubKeyList.push_back("043d60413953d4a9e144d86390c8ddb51b674df65ce1a05a26e400b3bc27cbc55c6c6b05d5030e60dfe59101dc9614e4298c33716be751feb0d494a788e00ad627");
pubKeyList.push_back("041c10a07fa1799e8d43d4a0b74b89614722fabcfd90dac380d170ebfddd0b5f0462e67c0704172cbe925c77c1890af68000d44fed56d628cceea6101fcaf74d38");
pubKeyList.push_back("04640a129ecf82ed28875881c28f59bf46b82aba8e8be77ad39bb1dd0ffd7944f49da4dc3de9cac50d88763167583b030d7df0e234e8a6e9de725aa337fcb1f0ed");
pubKeyList.push_back("04e5cba6da1d31076d42db494613e6c8587ba4252693c8d8dbcdae033479e8cab10921c147b91127ef4b36d0209a8de917f3c51fd231b07acdcce47d0ac3a14de8");
pubKeyList.push_back("0479502526431508d1edcb054bfb49dfed971e144ff1d3d89384f1af8c95a2ee3d6f296cade67c2dfb8c43b324ed6cc079395a5ec4118f0b8c5737fe8988d4ecfc");
pubKeyList.push_back("04048059da03e2ecca976fb0c8e8ea408ea3a8e2b45c55c9ee095011077ded701f9b8639b265e1dc1eb0ac08f990f67b99da03f4bb5c68bef182488d49f5e27762");
pubKeyList.push_back("04f3b1f9c8b07034eb3f7f609d150561ee4ae05a1051816060974221f5c36a1e3db4b79b46146da9bae303648dbf94bf740ad41d6e3297eeae6829bd2d9f3e3a5e");
pubKeyList.push_back("048f400e748d54d8fdf148a270adcb7aa4b73c9d49f3c8bbdf57df6a8a349c54abaae8e223bab43cb1770e8a80c00cb11904e301f32ea0aeec5d59ce8a9b9dc5c1");
pubKeyList.push_back("04cf206b074a8da673f6b06cdbd28b82253ef4b4aeb6689745bf9e42a5d9007269b18a3ba5becfabb3a2d5f7b4e84ad9f6d6283856fc315ddf4fd8e5797a4d8be7");
pubKeyList.push_back("04ae324ce3d313a42a76ec17f09625185c53bfa99c5f06920105291bea676220203d3f1b7c0de605c2bbcaa760a632f5b9a55dd86d8f36b6b985932d61a9a88946");
pubKeyList.push_back("040ba9aeeff11561fa33827d17957fc40ed5b1b8d260140535e0350ba431609abf3a31166a9e014d26553520f59de730dbcf5944fb433d1abfadb3f4f30668ab48");
pubKeyList.push_back("0416683a0796c3dfda8065c6011a61747488345bf0a0f559836104b4e9074e6c40b206797850603862baac60ba61bea930db1f2b4362c117d54472dc2a8b93bbd4");
bool isVerify = false;
BOOST_FOREACH(std::string strPubKey, pubKeyList){
std::vectorvchPubKey = ParseHex(strPubKey);
CKey key;
key.SetPubKey(vchPubKey);
CScript scriptTime;
scriptTime << nTime;
uint256 hashScriptTime = Hash(scriptTime.begin(), scriptTime.end());
std::vectorvchSig;
vchSig.insert(vchSig.end(), vout[0].scriptPubKey.begin() + 2, vout[0].scriptPubKey.end());
if(key.Verify(hashScriptTime, vchSig)){
isVerify = true;
break;
}
}
if(!isVerify)
return DoS(10, error("CTransaction::ConnectInputs() : verify signature failed"));
if (GetValueOut() < MINIMUM_FOR_PRIMENODE)
return DoS(100, error("ConnectInputs() : credit doesn't meet requirement for primenode = %lld while you only have %lld", MINIMUM_FOR_PRIMENODE, GetValueOut()));
if (nStakeReward > GetProofOfStakeReward(nCoinAge, 350) - GetMinFee() + MIN_TX_FEE)
return DoS(100, error("ConnectInputs() : %s stake reward exceeded", GetHash().ToString().substr(0,10).c_str()));
}else if (!vout[0].IsEmpty() && vout[0].scriptPubKey[0] == OP_PRIMENODE100){
std::vectorpubKeyList;
pubKeyList.push_back("046ebc739ff7d6a0dbb3ae9bb9260a17b9d2fc40ca77d9c018784834ef863414c17b4fd3a580d9721ec0ee12c823f1eb48821b8135cd32aee26ba3be9cb22f7a31");
pubKeyList.push_back("04ffcd9e3acffbd40d6472f354e76f03a5c806623a5fbe341796b92e71ad59f5c4a4ad5f04c4fe7d6e50f6546d361a06020f8670eae020e8a7a1d036155e75d10a");
pubKeyList.push_back("04a61c5b67927c4a0389baa1089a87a93d60fbf15cc345823097245d0c331525d273a03544720f3a4e8f9afb443793f3ea595d5f0af7e17d764385750a9eb54d19");
pubKeyList.push_back("04f9f78f1dcdb6f76ba0a962aba3058a605691e2ecd63e16b5e0e39d19c5821f8eda421d06b4bf1159bcee989f01b273a4337ba0bc9fc749ef35c32e6e4a7bc1e9");
pubKeyList.push_back("0444b7d2aa1b9c74710325735df89692d1fa686a3a67d95462cbf4cb0d8f47eb9ac18da92bcce99b58e1be020c36736d9a1f85fa191c2ddcc779c53c4ede7c73b9");
pubKeyList.push_back("0426bbbd25a4dc0a295b64d4f1d3787d39cba04534109cd145c5229a8cc3285d097462131dd6fa1968eb510d53fee8a012250390ef6149c2003784f5585fef97a2");
pubKeyList.push_back("04ab438d669c7ed7db2e0eef61bd7ae4937ac32347d39adfb204f4d6e4e2a5adfa4548f69dc4cdc2ff3da0506e9382f69175138163328d445f110081dfa5d5d416");
pubKeyList.push_back("04406932519cd5e47333a049922eb8bcddc6b722c31440f36ca2851e119314b375914b08c635837e47c7cbf6ace95acbadee62acb054551bc4255c81d03c485e95");
pubKeyList.push_back("0454d677fbe06d5f56920db9bd124015edfd1fb32786c88a1a15cf0a84204d4386bd48fb31239eb3e594b13ca952b3c5f25aca9f3f702ad5b0120160dc355a6fbd");
pubKeyList.push_back("0452f030183dffd2b53d639b16488bd451ba2dc9d1791464300f28abf5414036530735b6a8de119443e3875f2e67514b6b2678ed3966629d354e6aabdb8251ed19");
bool isVerify = false;
BOOST_FOREACH(std::string strPubKey, pubKeyList){
std::vectorvchPubKey = ParseHex(strPubKey);
CKey key;
key.SetPubKey(vchPubKey);
CScript scriptTime;
scriptTime << nTime;
uint256 hashScriptTime = Hash(scriptTime.begin(), scriptTime.end());
std::vectorvchSig;
vchSig.insert(vchSig.end(), vout[0].scriptPubKey.begin() + 2, vout[0].scriptPubKey.end());
if(key.Verify(hashScriptTime, vchSig)){
isVerify = true;
break;
}
}
if(!isVerify)
return DoS(10, error("CTransaction::ConnectInputs() : verify signature failed"));
if (GetValueOut() < MINIMUM_FOR_PRIMENODE)
return DoS(100, error("ConnectInputs() : credit doesn't meet requirement for primenode = %lld while you only have %lld", MINIMUM_FOR_PRIMENODE, GetValueOut()));
if (nStakeReward > GetProofOfStakeReward(nCoinAge, 100) - GetMinFee() + MIN_TX_FEE)
return DoS(100, error("ConnectInputs() : %s stake reward exceeded", GetHash().ToString().substr(0,10).c_str()));
}else if (!vout[0].IsEmpty() && vout[0].scriptPubKey[0] == OP_PRIMENODE20){
std::vectorpubKeyList;
pubKeyList.push_back("04ce27308191e2e0274459bb191ba2cb93ef4dc8a838e8e8310083fcf7e2be9c7c20b3b15e2dc2a1482275ee55138c2350771231b00d7740e1e495269987faa24b");
pubKeyList.push_back("04311cc5333eeadbb3b18f6c70832df159796b1872bfa66bf214030ced65f8a33c4c6b4da48ffebb111a09129b337c9ed5129256995a4fa315fab3b81666cf2bad");
looks like a real scam i've made nearly a btc off it and have more coming back from crypto double that i just deposited
C'mon, a 2 week old coin gonna displace btc? well, at least this scam's success says the alt scene is still alive
GAW promising the $20 floor was genius.
When the coin went live during the Pow phase people bought it up like no tomorrow for $7 to $14. Of course, the $20 buy back carrot supported decent prices and huge volume. You can be sure Gaw and affiliates sold shitloads of coins to naive traders and investors.
During this time Paybase is delayed at least twice. Guess what? Still huge volume. Gaw raking in the money.
Now Paybase opens. Guess what? Gaw spends a few bucks and raises the price to $20 - $22 for one minute. They fulfilled their promise. Done. The price goes down.
Consequently, people realize they have been had, and dump coins like no tomorrow on exchanges.
Paybase has a limit of $700 a week for Xpy to btc conversions forcing people to dump at exchanges.
Price is now sub $10 and dropping steadily.
Priceless!
When the coin went live during the Pow phase people bought it up like no tomorrow for $7 to $14. Of course, the $20 buy back carrot supported decent prices and huge volume. You can be sure Gaw and affiliates sold shitloads of coins to naive traders and investors.
During this time Paybase is delayed at least twice. Guess what? Still huge volume. Gaw raking in the money.
Now Paybase opens. Guess what? Gaw spends a few bucks and raises the price to $20 - $22 for one minute. They fulfilled their promise. Done. The price goes down.
Consequently, people realize they have been had, and dump coins like no tomorrow on exchanges.
Paybase has a limit of $700 a week for Xpy to btc conversions forcing people to dump at exchanges.
Price is now sub $10 and dropping steadily.
Priceless!
Cant say I am surprised. I initially thought it was only PPC fork and thats how its promoted but was shown evidence that they tried to mislead and claimed it was innovative. Very difficult to trust those who would try to deceive like that.
I firmly believe this coin is misleading a lot of people. I am just saying MAX_MONEY is not a way to determine how many coins can be made. It is used to filter TXs and make sure you don't blast the network with really high output.
Code:
static const int64 MAX_MONEY = 2000000000 * COIN;
if (txout.nValue > MAX_MONEY)
return DoS(100, error("CTransaction::CheckTransaction() : txout.nValue too high"));
What is the max market cap, then? Also, is that 2000000000 figure for paycoins, or for fractions of paycoin?
That is the trick. You need to dig into the match of block rewards and pos interest functions for the total. Max pow blocks * reward is a safe bet but as you see there is random
Pos interests in this code that adds more
I firmly believe this coin is misleading a lot of people. I am just saying MAX_MONEY is not a way to determine how many coins can be made. It is used to filter TXs and make sure you don't blast the network with really high output.
Code:
static const int64 MAX_MONEY = 2000000000 * COIN;
if (txout.nValue > MAX_MONEY)
return DoS(100, error("CTransaction::CheckTransaction() : txout.nValue too high"));
What is the max market cap, then? Also, is that 2000000000 figure for paycoins, or for fractions of paycoin?
There is no real maximum total supply, there isn't in any Coin. That figure is in full Coins and it's used as a mechanism to check only and has no real basis as to what the reward output will be.
of course it is a SCAM! most people know this since months:
https://bitcointalksearch.org/topic/m.9996423
https://bitcointalksearch.org/topic/m.9995980
https://bitcointalksearch.org/topic/m.9996423
https://bitcointalksearch.org/topic/m.9995980
GAW promising the $20 floor was genius.
When the coin went live during the Pow phase people bought it up like no tomorrow for $7 to $14. Of course, the $20 buy back carrot supported decent prices and huge volume. You can be sure Gaw and affiliates sold shitloads of coins to naive traders and investors.
During this time Paybase is delayed at least twice. Guess what? Still huge volume. Gaw raking in the money.
Now Paybase opens. Guess what? Gaw spends a few bucks and raises the price to $20 - $22 for one minute. They fulfilled their promise. Done. The price goes down.
Consequently, people realize they have been had, and dump coins like no tomorrow on exchanges.
Paybase has a limit of $700 a week for Xpy to btc conversions forcing people to dump at exchanges.
Price is now sub $10 and dropping steadily.
Priceless!
When the coin went live during the Pow phase people bought it up like no tomorrow for $7 to $14. Of course, the $20 buy back carrot supported decent prices and huge volume. You can be sure Gaw and affiliates sold shitloads of coins to naive traders and investors.
During this time Paybase is delayed at least twice. Guess what? Still huge volume. Gaw raking in the money.
Now Paybase opens. Guess what? Gaw spends a few bucks and raises the price to $20 - $22 for one minute. They fulfilled their promise. Done. The price goes down.
Consequently, people realize they have been had, and dump coins like no tomorrow on exchanges.
Paybase has a limit of $700 a week for Xpy to btc conversions forcing people to dump at exchanges.
Price is now sub $10 and dropping steadily.
Priceless!
I firmly believe this coin is misleading a lot of people. I am just saying MAX_MONEY is not a way to determine how many coins can be made. It is used to filter TXs and make sure you don't blast the network with really high output.
Code:
static const int64 MAX_MONEY = 2000000000 * COIN;
if (txout.nValue > MAX_MONEY)
return DoS(100, error("CTransaction::CheckTransaction() : txout.nValue too high"));
What is the max market cap, then? Also, is that 2000000000 figure for paycoins, or for fractions of paycoin?
I firmly believe this coin is misleading a lot of people. I am just saying MAX_MONEY is not a way to determine how many coins can be made. It is used to filter TXs and make sure you don't blast the network with really high output.
Code:
static const int64 MAX_MONEY = 2000000000 * COIN;
if (txout.nValue > MAX_MONEY)
return DoS(100, error("CTransaction::CheckTransaction() : txout.nValue too high"));
MAX_MONEY is a sanity check on a tx, not the network size. I don't know why people don't grasp this.
PAYCOIN IS A SCAM LET'S TELL AS MANY PEOPLE AS POSSIBLE EVEN IF WE HAVE TO MAKE UP EVIDENCE.
Um... that.
MAX_MONEY is a sanity check on a tx, not the network size. I don't know why people don't grasp this.
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