Paycoin Price Floor

For example many governments intervene by establishing price floors to ensure that farmers make enough money by guaranteeing a minimum price that their goods can be sold for.

Paycoin price floor. Floors in wages. Any employer that pays their employees less than the specified. Even the p d and naysayers got boned as their paybase site launch the site guaranteeing 20 xpy price floor got kicked from last friday to monday to the 29th. The backlash from the community has been relentless.

It is legal minimum price set by the government on particular goods and services in order to prevent producers from being paid very less price. Many people made it known that if the coin hit an exchange they would never hold a 20 price floor. Price floor is a situation when the price charged is more than or less than the equilibrium price determined by market forces of demand and supply. Paycoin has not maintained it s expected 20 price floor which is what josh garza and gaw miners had stated that investors would be willing to pay for it and that gaw would try to maintain.

Bitcointalk post hashtalk post. The most common example of a price floor is the minimum wage. By observation it has been found that lower price floors are ineffective. But this is a control or limit on how low a price can be charged for any commodity.

For a price floor to be effective the minimum price has to be higher than the equilibrium price. Making the only people who had it the users who had been mining hash points with their hashlets. So the markets are all over the place. Minimum wage is an example of a wage floor and functions as a minimum price per hour that a worker must be paid as determined by federal and state governments.

The excess was going to be sold off on the websites paybase zencloud. Price floor has been found to be of great importance in the labour wage market. The paycoin 20 price floor promise before paycoin was launched gaw stated that outside investors were willing to buy paycoins for 20 each and that they would be working to keep the price above 20. The price floors are established through minimum wage laws which set a lower limit for wages.

12 000 000 was pre mined pre staked only 500 000 were available to mine. What would it take to get you to believe you are being scammed. After the never expiring always profitable hashlets died the failed and weak attempt at a price floor leaked emails showing malfeasance gaw controlled primestakers receiving 3500 interest on their coins suspicious and unbacked claims of being hacked supposedly burned paycoins coming back to life the apparent aborting of the honor program and the death of paybase i have to ask the paycoin faithful. The initial plan for xpy was that it would never be traded on an exchange.

For example the uk government set the price floor in the labor market for workers above the age of 25 at 7 83 per hour and for workers between the ages of 21 and 24 at 7 38 per hour. Paycoin has gotten a lot of press lately as has the company behind it gaw miners gaw labs.