On the topic of HashStaker Supply and Conversion
Q: If we convert a ZenHashlet into a HashStaker, what happens after the 6 months are up?
A: The converted ZenHashlet becomes a HashStaker and will work like every other HashStaker.
Q: Once the supply of HashStakers runs out, can you convert any Hashlet you own into a HashStaker?
A: Once the supply runs out, you would not be able to convert in to a HashStaker
Q: What is the conversion program?
A: TBD, there will be a small period of time when a conversion program will be available.
Q: Are there reserved spots for Primes?
A: There are reserved spots for Primes. Details and conversions TBD
A pretty smart way to remove and recycle the existing hashlets. Convert a btc generating product into a temporary product that produces paycoin. At the end of the 3-6 months GAW have reclaimed a hashlet liability (because it reduces their btc holding) while selling the customer an upgrade choice (for btc thus making money) and paying them in a coin that they invented from thin air with premine or controlled mine coin which they can essentially mint forever. Now consider this.... what if there are no big investors and all that paycoin is actually assigned to GAW to pay people.
Perpetual money system?
The rates on the rate pages seem somewhat static not changing daily (except zen is slowly creeping down again) .... not even 1 satoshi which "SHOULD" be happening with difficulty increases... number of blocks mined etc. Step 1... reduce the btc reward for mining to make it unattractive. Step 2 ..... offer a paid for upgrade path to trade those badly performing hashlets into hashstakers..... Step 3 profit.
Whats going to happen when people want to trade their shiny paycoins for $20 btc? The hashstaking will trick people for 3-6 months but sooner or later everyone wants some kind of btc withdrawal or fiat withdrawal right?
Honestly if you want to make money and have alot of primes i'd advise you to mine up now with zen pool and double dip into the next highest pool (since 0 maintenance on double dip). Ride out the next 2 weeks and sell your primes at the inflated rate from the investors excitement.. The primes will go from $50 to $60 likely. Then run because its going to crash hard in the next 6 months.
I feel sorry for some of the people on the champions list... seriously i encourage you to check it out and calculate the investment some of those big players have in it. Multiply their prime holding * $16 as a worst case purchase cost if they did it at the start. Multiply the solo holding * $6 as an average of all the hashlet costs (some paid $20 per on release) and multiply the genesis holding * 0.50c. The investment amounts of some of these players are astounding and it concerns me that they aren't nervous with the amount invested-reinvested.
This leads me to believe that either they are
a) Deluded if they can't question lack of evidence with that much invested
b) Resellers that got huge rewards and cheap hashlets for selling stuff for Josh and GAW
c) Accounts that don't really exist and are just there with fake database entries to make it look like alot are invested
d) Employee Family Friends of GAW that are posting and working with GAW
With the amount of red flags i just can't see peple investing $400,000 in this? Doesn't this worry seem strange to others?