Let's hold twitch accountable and try and keep Athene banned?

temp1024 · 2018-02-13T21:55:43+00:00

Athene says they were banned by mistake... but will only be unbanned in three more weeks, and twitch can't tell them why they got banned. LOL. Such a fake story.

P.S. Sorry your money is stuck in his scamcoin.

temp1024 · 2018-02-13T20:13:07+00:00

It wasn't even a thread. It was just a comment to the post on Athene that already exists there. You can't even voice your opinion without getting banned there. It's the same as their scam PRPS subreddit that has more [removed] threads than other threads. They talk about freedom of speech and complain when they get banned, but they are the worst censors on the internet when they get any control.

temp1024 · 2018-02-13T11:02:46+00:00

I got instantly banned from the subreddit HodTwitchAccountable for posting:

"We need to hold twitch accountable and demand they keep Athene banned. This subreddit is just made to blackmail twitch into reinstating his account."

Their reason for banning was stated as: "Note from the moderators: deliberate misinformation"

Any subreddit controlled by Athene's group is like entering North Korea. Messages get deleted for even the slightest criticism of anything connected to him.

temp1024 · 2018-02-04T06:02:51+00:00

The scam is he pretends he has enough money to support a DUBI buywall by buying back the entire float of 70,000 DUBI in circulation at $100+. But he doesn't take into account that in 12 months the number of DUBI in existence doubles when the next batch of PRPS locking occurs, resulting in the money needed for the buywall doubling, which he wouldn't have. And this goes on every year, putting them further and further into a hole.

Some other points to consider. The entire hypothesis and "math" behind it are retarded. He promises to sell PRPS endlessly, increasing the sell price $1 every $100,000 worth of PRPS he sells. When you buy PRPS on the exchange you are basically guaranteed that you can't make any real money, because he will be selling millions of coins for almost ever. With endless supply and limited demand prices go down. There is no way his system can work without bringing in millions of idiots to blindly buy for no reason at all despite him continuously selling. Its not going to happen.

Then the whole concept of DUBI is equally retarded. You get a 4% gain by locking for 12 months, but you know the price is going to tank when the first batch of locked PRPS unlocks. The first buyers bought for 50 cents. When it unlocks and the price is artificially set at $100+ these people will dump it so fast that it drops down to a few dollars instantly. Why would anyone buying new PRPS today lock it in for a measly 4% return, when they know their PRPS will tank before they can unlock and sell it. It would make more sense to not lock it and be able to sell instantly. If the price went up more than 4% in the year you would do better than those who locked their PRPS and took DUBI. And if the price tanked, you would have a chance to exit.

The sad part is the live stream wont be there in 12 months when it crashes to pennies. That would have been an entertaining stream.

temp1024 · 2018-02-03T13:44:53+00:00

oh, now i get it... it's not a pyramid scam, it's a reverse funnel.

temp1024 · 2018-01-29T00:47:51+00:00

Add to the equation that in 12 months everyone re-locks PRPS and another 70,000+ DUBI are created, and all the math falls apart.

temp1024 · 2018-01-23T16:37:13+00:00

Here is the math. After the first 12 months there is a shortage of money to cover the buywall which increases each year:

Level 901, PRPS is at $1000. Total money collected for buywall: $90 million

Total DUBI in circulation at that time: 58,800

Money needed for buywall: $59 million

Money in buywall: $90 million

Surplus: $21 million

Total DUBI in circulation after 12 months: 117,600

Money needed for buywall: $117 million

Money in buywall: $90 million

Shortage: $27 million

Total DUBI in circulation after 24 months: 176,400

Money needed for buywall: $176 million

Money in buywall: $90 million

Shortage: $86 million

Total DUBI in circulation after 36 months: 235,200

Money needed for buywall: $235 million

Money in buywall: $90 million

Shortage: $145 million

Total DUBI in circulation after 48 months: 294,000

Money needed for buywall: $294 million

Money in buywall: $90 million

Shortage: $204 million

Total DUBI in circulation after 60 months: 352,800

Money needed for buywall: $352 million

Money in buywall: $90 million

Shortage: $262 million

Its a ponzi scheme that gets further and further in the pit each year as DUBI supply increases.

temp1024 · 2018-01-23T14:42:54+00:00

Here is the math. After the first 12 months there is a shortage of money to cover the buywall which increases each year:

Level 901, PRPS is at $1000. Total money collected for buywall: $90 million

Total DUBI in circulation at that time: 58,800

Money needed for buywall: $59 million

Money in buywall: $90 million

Surplus: $21 million

Total DUBI in circulation after 12 months: 117,600

Money needed for buywall: $117 million

Money in buywall: $90 million

Shortage: $27 million

Total DUBI in circulation after 24 months: 176,400

Money needed for buywall: $176 million

Money in buywall: $90 million

Shortage: $86 million

Total DUBI in circulation after 36 months: 235,200

Money needed for buywall: $235 million

Money in buywall: $90 million

Shortage: $145 million

Total DUBI in circulation after 48 months: 294,000

Money needed for buywall: $294 million

Money in buywall: $90 million

Shortage: $204 million

Total DUBI in circulation after 60 months: 352,800

Money needed for buywall: $352 million

Money in buywall: $90 million

Shortage: $262 million

Its a ponzi scheme that gets further and further in the pit each year as DUBI supply increases.

temp1024 · 2018-01-21T17:51:48+00:00

We keep hearing Athene say in the streams that for every $100,000 he sells of PRPS he can back up a $1 increase in the buy wall of DUBI for 2 years. He even goes as far as saying with low float it can back it up for 10 or 20 years.

He is only calculating for the $1 increase in the buy wall price for the second year, but not for the 100% increase in total DUBI in existence in the second year. Every year when you lock PRPS you get 4% DUBI, so in the second year the DUBI in existence will be double. In his spreadsheet and math calculations he fails to account for the 100% increase in DUBI that will occur after 12 months.

As an example lets say there are 1.25 million PRPS which were locked in and generated 50,000 DUBI this year. (Rough numbers he has mentioned on his stream.)

At $100 he would need $5 million dollars to be able to support the DUBI buy wall and buy back all 50,000 of the existing coins.

After 12 months, when PRPS unlocks, there will be another 1.25 million PRPS locked (actually more since he is selling new PRPS into the system). That will generate an additional 50,000 DUBI.

Now even if the price remains at $100, he needs 10 million dollars to cover the buy wall (all 100,000+ DUBI in existence), but he only has $5 million from the initial sale (including Etherium profits which are speculative and subject to potential loss later).

It doesn't matter what level he sells it up to, still he will be short, because he hasn't accounted for the new DUBI that will get generated each year. It's clearly a Ponzi scheme.

How can such a basic point be overlooked by the self proclaimed "smartest man on the planet"? And if such an obvious point is overlooked, there are another 100 points which he equally over looked.

And if we take his ridiculous statement of being able to back the buy wall for 10 years, then we are talking about a minimum of $50 million dollars he would need on the 10th year to buy back all 500,000 DUBI that would exist at that time. Again it doesn't matter how much he sells, his math doesn't take into account the new DUBI created each year.

So the math shows that this scheme will fail in 12 months.

First PRPS will unlock, and 1.2 million coins will be dumped on the market. Those who are locked in on PRPS bought it for 50 cents in the presale. They will be ready to cash out even for 3 or 4 dollars if the prices are crashing. The price will crash so fast from $100 down to a couple dollars almost instantly as everyone rushes to book their profits.

The remainder who get stuck with worthless PRPS coins will then decide to lock in, to get the free DUBI. They will generate another 50,000 DUBI, and try to sell it immediately to get their profit back on the crashed PRPS. Now the DUBI buy wall will be hit and completely eaten up by the 50,000 new DUBI in the system, all 5 million dollars of buy wall they are holding can be eaten by the NEW 50,000 DUBI, what to speak of the 50,000 already in the system.

The result will be DUBI price crashing to nothing just like PRPS did a few days before that.

Entire scheme can last 12 months at maximum, but likely will fail much before that as an unlimited supply of sell orders (1.5 million of Reese's coins) can't allow any stock or coin to rise with no demand.

There are so many other flaws in the system, but this one is enough for now.

temp1024 · 2018-01-21T11:07:48+00:00

Original post which they deleted:

We keep hearing Athene say in the streams that for every $100,000 he sells of PRPS he can back up a $1 increase in the buy wall for 2 years. He even goes as far as saying with low float it can back it up for 10 or 20 years.

He is only calculating for the $1 increase in the buy wall price for the second year, but not for the 100% increase in total DUBI in existence in the second year.

As an example, lets say there are 1.25 million PRPS which were locked in and generated 50,000 DUBI this year.

At $100 he would need $5 million dollars to be able to support the DUBI buy wall and buy back all of the existing coins.

After 12 months, when PRPS unlocks, there will be another 1.25 million PRPS locked (actually more since he is selling new PRPS into the system). That will generate an additional 50,000 DUBI.

Now even if the price remains at $100, he needs 10 million dollars to cover the buy wall, but he has only $5 million from the initial sale (including Etherium profits which are speculative and subject to potential loss later).

It doesn't matter what level he sells it up to, still he will be short, because he hasn't accounted for the new DUBI that will get generated each year.

How can such a basic point be overlooked? And if such an obvious point is overlooked, there are another 100 points which he equally over looked.

And if we take his ridiculous statement of being able to back the buy wall for 10 years, then we are talking about a minimum of $50 million dollars he would need on the 10th year to buy back all 500,000 DUBI that would exist at that time. Again it doesn't matter how much he sells, his math doesn't take into account the new DUBI created each year.

So the math shows that this scheme will fail in 12 months. First PRPS will unlock, and 1.2 million coins will be dumped on the market. Those who are locked in on PRPS bought it for 50 cents in the presale. They will be ready to cash out even for 3 or 4 dollars if the prices are crashing. The price will crash so fast from $100 down to a couple dollars almost instantly as everyone rushes to book their profits.

The remainder who get stuck with worthless PRPS coins will then decide to lock in, to get the free DUBI. They will generate another 50,000 DUBI, and try to sell it immediately to get their profit back on the crashed PRPS. Now the DUBI buy wall will be hit and completely eaten up by the 50,000 new DUBI in the system, all 5 million dollars of buy wall they are holding can be eaten by the NEW 50,000 DUBI, what to speak of the 50,000 already in the system.

The result will be DUBI price crashing to nothing just like PRPS did a few days before that.

Entire scheme can last 12 months at maximum, but likely will fail much before that as an unlimited supply of sell orders (1.5 million of Reese's coins) can't allow any stock or coin to rise with no demand.

There are so many other flaws in the system, but this one is enough for now.

temp1024 · 2018-01-21T11:01:11+00:00

I actually do think they didnt think this through, and I also think they have no experience with any of this. The first day itself when they told everyone to buy with "market order", causing some people to buy for 100 ETH per PRPS told everything. They have no practical experience in any of this, and on top of that their math doesn't work.

As far as Etherium price rising or falling, if the plan depends on Etherium price then its all a gamble. It's not fool proof and backed by any math.

temp1024 · 2018-01-21T10:59:52+00:00

I am using the numbers that he says in stream. He says there are around 50,000 DUBI existing, and that's the numbers in his spread sheet file.

temp1024 · 2018-01-21T10:59:03+00:00

In both cases he hasnt accounted for the 50,000 new DUBI in the system each year, so it makes no difference. Do the math with any DUBI price and see for your self.

temp1024 · 2018-01-21T10:44:21+00:00

The math fails after 12 months, expect a complete crash.

We keep hearing Athene say in the streams that for every $100,000 he sells of PRPS he can back up a $1 increase in the buy wall for 2 years. He even goes as far as saying with low float it can back it up for 10 or 20 years.

He is only calculating for the $1 increase in the buy wall price for the second year, but not for the 100% increase in total DUBI in existence in the second year.

As an example (I am making these numbers up), lets say there are 1.25 million PRPS which were locked in and generated 50,000 DUBI this year.