Topic: . - page 7. (Read 18625 times)
No worries, but if it did turn out to be the grandest scam so far in cryptocoin history, then for me, all is still not lost. I am properly diversified, and that is probably more important than anything 
yeah, let's see how this goes.
with this coin, mining was just a PR step as most of it is already pre-mined. so they needed a way to put the word out and get ppl interested
yes, early adopters and the ones whi do not get eaten by greed will get something out of it
this payment system (PS) has nothing to do with a crypto any more.
yes, early adopters and the ones whi do not get eaten by greed will get something out of it
this payment system (PS) has nothing to do with a crypto any more.
You call my weeks of mining this coin premine? Yes, the blockchain wasn't active. Did we mine it? Yes we did. Your definition of premine is a little bit wide me thinks.
Our share of the mine was based on BTC price, why? Because that is what we actually mined to back up our coins with when the blockchain and code was ready for release.
Granted, it was done in a backwards way, but somehting needed to happen quick, or GAW would be in the same mess the other cloud mining services are in.
I think the negativity in bitcointalk is taking over, and people just can't ask the right questions anymore. It is no longer a quest for enlighenment and knowledge with bitcointalk. Now it's a contest of who can trash the other one quicker. This is why I no longer hang out here much. I am not against critical thought, but come on! It isn't exactly critical thought believing everything negative spewed out across bitcointalk either, but I guess that is what happens to a community which over years have become accustomed to being scammed left and right so much so, they no longer believe in anything, not even their own thoughts.
So translation is that your thought is critical and those that oppose your critical thought are negative.
Did I get that right?
I'm sorry you had to waste any of your energy here in this thread.
I understand my sarcasm is apparent here in this thread but I objectively through quotes of the creators themselves tried to convey a message.
Paycoin is centralized similar to the Federal Reserve.
I did not say scam I merely point out the obvious difference between this coin and Bitcoin's decentralized approach.
I never said you said scam. Did I get that right? I get cookie now?
If we can not publicly mine and whole lot of coins are generated during that time, then yes it is premine. Yes, my understanding of premine is wide, but anything that is not available to the public and generates coins during that time looks shady.
There are only a few coins which aim for something good. Most of it is just crap and this is one of the main reasons you will see negativity around here. Scamming is based on trust so even if one does not get scammed here, if he/she is too trusting, sooner or later it will happen somewhere. As you can see, miners no longer wish to pre-order hardware due to the many scams. People got more cautious as the SHOULD BE. Blind trust will get their money and/or resources gone for ever.
XPY does not seem to have anything special. The only reason ppl mined and believed is the name GAW and a promise of big returns. If things star getting delayed or a statement/promise does not come through, ppl start wondering if the project will be successful.
There are only a few coins which aim for something good. Most of it is just crap and this is one of the main reasons you will see negativity around here. Scamming is based on trust so even if one does not get scammed here, if he/she is too trusting, sooner or later it will happen somewhere. As you can see, miners no longer wish to pre-order hardware due to the many scams. People got more cautious as the SHOULD BE. Blind trust will get their money and/or resources gone for ever.
XPY does not seem to have anything special. The only reason ppl mined and believed is the name GAW and a promise of big returns. If things star getting delayed or a statement/promise does not come through, ppl start wondering if the project will be successful.
It was publicly minable the whole time. And still is (PoS).
No, you couldn't use your Avalon miner to mine it the whole time. You needed Hashlet miner to mine it (publicly available). GAW mined only PoW phase themselves. The rest was us customers. I am very sorry I haven't moved my coins around yet because I staked half of them, and the rest is still sitting in my original wallet for now.
I believe this is what a lot of customers are doing too, so no, there won't be a lot of coins moving around until Paybase launches.
I agree with you on the trust issue. I don't think anything can be done about it. There will always be scammers. But don't let that make you blind to the good things, like some. Of course, if the horse has a broken leg, don't bet on it. And also, betting on the losing horse doesn't mean a scam. Stop betting, stop winning
Cheers
Merry christmas!
If we can not publicly mine and whole lot of coins are generated during that time, then yes it is premine. Yes, my understanding of premine is wide, but anything that is not available to the public and generates coins during that time looks shady.
There are only a few coins which aim for something good. Most of it is just crap and this is one of the main reasons you will see negativity around here. Scamming is based on trust so even if one does not get scammed here, if he/she is too trusting, sooner or later it will happen somewhere. As you can see, miners no longer wish to pre-order hardware due to the many scams. People got more cautious as the SHOULD BE. Blind trust will get their money and/or resources gone for ever.
XPY does not seem to have anything special. The only reason ppl mined and believed is the name GAW and a promise of big returns. If things star getting delayed or a statement/promise does not come through, ppl start wondering if the project will be successful.
There are only a few coins which aim for something good. Most of it is just crap and this is one of the main reasons you will see negativity around here. Scamming is based on trust so even if one does not get scammed here, if he/she is too trusting, sooner or later it will happen somewhere. As you can see, miners no longer wish to pre-order hardware due to the many scams. People got more cautious as the SHOULD BE. Blind trust will get their money and/or resources gone for ever.
XPY does not seem to have anything special. The only reason ppl mined and believed is the name GAW and a promise of big returns. If things star getting delayed or a statement/promise does not come through, ppl start wondering if the project will be successful.
with this coin, mining was just a PR step as most of it is already pre-mined. so they needed a way to put the word out and get ppl interested
yes, early adopters and the ones whi do not get eaten by greed will get something out of it
this payment system (PS) has nothing to do with a crypto any more.
yes, early adopters and the ones whi do not get eaten by greed will get something out of it
this payment system (PS) has nothing to do with a crypto any more.
You call my weeks of mining this coin premine? Yes, the blockchain wasn't active. Did we mine it? Yes we did. Your definition of premine is a little bit wide me thinks.
Our share of the mine was based on BTC price, why? Because that is what we actually mined to back up our coins with when the blockchain and code was ready for release.
Granted, it was done in a backwards way, but somehting needed to happen quick, or GAW would be in the same mess the other cloud mining services are in.
I think the negativity in bitcointalk is taking over, and people just can't ask the right questions anymore. It is no longer a quest for enlighenment and knowledge with bitcointalk. Now it's a contest of who can trash the other one quicker. This is why I no longer hang out here much. I am not against critical thought, but come on! It isn't exactly critical thought believing everything negative spewed out across bitcointalk either, but I guess that is what happens to a community which over years have become accustomed to being scammed left and right so much so, they no longer believe in anything, not even their own thoughts.
so many newbies promoting paycoin
only newbies as a matter of fact
its almost like a few people registered a bunch of users to make it seem like more people are buying that shit than there really is.
only newbies as a matter of fact
its almost like a few people registered a bunch of users to make it seem like more people are buying that shit than there really is.
You calling me noob, noob? I own enough XPY to be in Top 100 (I am in top 100) and I own gold, stocks, bitcoin and litecoin too.
So what was it you were trying to say again? You're nothing but a stinking useless troll
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Something going on with coinmarketcap.com right now regarding XPY.
They have the market cap at ZERO!.
See for yourself: http://coinmarketcap.com/currencies/paycoin2/#charts
Perhaps they are adjusting the coin count again?
Someone should throw a screen shot in here just for fun.
It's a dump glitch or a massive sell signal.
Lol
They have the market cap at ZERO!.
See for yourself: http://coinmarketcap.com/currencies/paycoin2/#charts
Perhaps they are adjusting the coin count again?
Someone should throw a screen shot in here just for fun.
It's a dump glitch or a massive sell signal.
Lol
http://stashpit.com/upload/big/2014/12/24/549abe4d3fb35.png
From: https://bitcointalksearch.org/topic/paycoin-xpy-is-scam-900970
This is the reason:
https://hashtalk.org/topic/25461/just-a-heads-up-if-we-get-pulled-from-coinmarketcap-while-i-m-working-on-new-prime-list
We are welcome any Paycoin Trader to come into our exchange Bitcoin.co.id - we are support XPY/BTC with 0% trading fee
0% fee means you make nothing off the trades.
Sounds odd coming from someone trying run a business.
What's in it for you?
Getting users in, thats how they have to create a market in the first place. They may also charge on withdrawls.
so many newbies promoting paycoin
only newbies as a matter of fact
its almost like a few people registered a bunch of users to make it seem like more people are buying that shit than there really is.
only newbies as a matter of fact
its almost like a few people registered a bunch of users to make it seem like more people are buying that shit than there really is.
All newbies? Hmmmmm
I hate to get all preschool in here but I remember a fable...
Only problem is, by the time Bitcoin even goes up to half of its previous ATH and becomes mainstream usable, we'll all be dead. But yeah, yeah for the turtle.
/rolleyes
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with this coin, mining was just a PR step as most of it is already pre-mined. so they needed a way to put the word out and get ppl interested
yes, early adopters and the ones whi do not get eaten by greed will get something out of it
this payment system (PS) has nothing to do with a crypto any more.
yes, early adopters and the ones whi do not get eaten by greed will get something out of it
this payment system (PS) has nothing to do with a crypto any more.
When people open threads saying *** = Federal Reserve without having 100% proof this is the case is in my mind just childish and of no help to anyone especially not people with little knowledge that are just trying to get into the Crypto world
Fixed.
You give sound advice about when to be in and out of an investment.
Again, my issue here is with the centralization model.
If you viewed the thread as *** = SCAM then you did not read the thread title.
I beleive I have plenty of proof when I quote the coin itself when it says (again
):http://www.paycoin.com/
Quote
PayCoin™ is backed by a fiat-based reserve of USD that shields early adopters from risk and increases acceptance by large institutions.
Regardless, if I was ever a customer or not why no outside the box criticism?
The minute anyone goes up against a coin people always infer that the individual is angry at the devs.
I am just calling it as I see it just as you are.
Yet I am not accusing you of working for them.
That would be childish.
https://chainz.cryptoid.info/xpy/#!rich
The difference is you are saying nothing to back your claims and I am saying things and backing them with tools and quotes.
I think the argument here is the coins intentions.
I believe the intentions are not for the people as it states.
If people in the cryptocoin world are not here to filter out bad intentions then what kind of community do we have here?
One that just allows junk to flow through in hopes of making a quick buck off the backs of others?
) you say that gaw did not gaved me 6k worth of paycoins in one months of hashpoint mining and i did not get .. WRIGHT NOW PRICE 8 - 10$ per coin right ?? =)) dude you`re a joke .. believe me its real dude .. ITS REAL !.. stupid trolls im tired of you!!!!!!!!!!!! hero member
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LOL my apologies sir I agree with you on my lack of being able to post in the correct thread 
my poor eyes need their glasses more then I would like to admit at times.
As for the centralised nature of the coin, this is due to change in time.
Each round (6months) there will be a bidding process that will by its very nature make the system less centralised, ie if GAW loose the ownership of many of the Prime controllers, that in turn means GAW has less control.
Now the really interesting part for me are the Orion controllers (nodes) that can be run by anyone that has the means to do so.
I'm not denying that Paycoin is far more centralised then most other coins, I'm saying for Merchant uptake and customer uptake I believe we need a system that everyone can understand and learn from, then we can take another little step to the next Coin that is more decentralised.
I certainly dont feel that Paycoin is the be all and end all coin, its simply a stepping stone in the way that bitcoin is a stepping stone
I certainly dont believe its the next Federal reserve, its just different then what we have seen so far this doesn't mean it should be feared.
Regards
Andy
lol lets get them glasses for xmas my poor eyes need their glasses more then I would like to admit at times.As for the centralised nature of the coin, this is due to change in time.
Each round (6months) there will be a bidding process that will by its very nature make the system less centralised, ie if GAW loose the ownership of many of the Prime controllers, that in turn means GAW has less control.
Now the really interesting part for me are the Orion controllers (nodes) that can be run by anyone that has the means to do so.
I'm not denying that Paycoin is far more centralised then most other coins, I'm saying for Merchant uptake and customer uptake I believe we need a system that everyone can understand and learn from, then we can take another little step to the next Coin that is more decentralised.
I certainly dont feel that Paycoin is the be all and end all coin, its simply a stepping stone in the way that bitcoin is a stepping stone
I certainly dont believe its the next Federal reserve, its just different then what we have seen so far this doesn't mean it should be feared.
Regards
Andy
but come on we all know alot of people see gaw and see scam nowadays... Many moons ago when they sold hardware was all legit but when they started going to different paths with no proof thats when people got mad Jump to: