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GAW Miners' PayCoin is a flop

GAW Miners' PayCoin is a flop
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Bitcoin
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Description

Paycoin is the cryptocurrency of the future. Built for miners, by miners.

The coin opens to the public on Jan. 2 2015 with what Mr. Garza says will be an anticipated market capitalization of $250 million

https://paycoin.com/ico

Paycoin is supposed to be valued at $4 to round two users (400 Hash points per coin, each valued at $0.01), $10 to round three users, and will be valued at $20 at launch, after which, major retail adoption, and in 8-12 months increased value.

Decision Logic

If the value of Paycoin falls BELOW the public launch price (predicted to be $20), WITHIN 3 months AFTER the public launch, for MORE THAN 24 hours, this bet resolves to 'Yes'.

9:42AM, Dec 4, 2014 UTC

10:00AM, Feb 5, 2015 UTC

10:00AM, Mar 5, 2015 UTC

CANCELLED

This bet has been cancelled!

Reason: Only one option had bets placed on it. Next time, try sharing it with others!

YES
Volume:0.0000
0
# of Bets:0
NO
Volume:0.0000
0
# of Bets:0

Discussion

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Morritt 6:44PM, Dec 21, 2014 UTC
GAW are offering to purchase coins after verification, makes sense that on an open exchange some will want to offload for less than the $20 GAW are offering, since they can't/wont be able to verify... Stupid bet. Flop would be <$10 (and that would still be a good deal for pretty much everyone).
ikeboy 3:46AM, Dec 19, 2014 UTC
I've launched a similiar bet https://www.betmoose.com/bet/paycoin-to-be-worth-at-least-_01-btc-in-2015-1049
Avalon 5:31PM, Dec 5, 2014 UTC
We can't change the type of bet after you've created it. Just recreate it how you want it and we'll delete this one. Easy :)
Avalon 3:50AM, Dec 5, 2014 UTC
@bitcoinzar - Pasted here for reference: Decision logic cannot be changed without a mod seeing it. Use the red report button at the top right of the bet page and select "edit request". Also, you should put a bet on this if you have a few bits lying around.
alex_morgan 9:38PM, Dec 4, 2014 UTC
@bitcoinzar you should contact moderator but I see you already got a response from Avalon via chat...
bitcoinzar 4:45PM, Dec 4, 2014 UTC
I cant figure out how to change it or how to cancel it :(
alex_morgan 3:49PM, Dec 4, 2014 UTC
@bitcoinzar if you don't mind some advice, you might want to recreate the bet with some improvements, for example: add more specifics to the decision logic to specify what exchange(s) will be used to determine the price; what happens if it is never listed or delisted on a public exchange and/or only ever traded on GAW's own system; what happens if it is not launched on time. I would also suggest to use time-weight multiplier to encourage early bets.

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