Topic: ⚡[ANN] TOKENPAY ⚡ SCAMMED 1 MILLION $ FROM BOUNTY AND REFERRAL PROGRAM ⚡ - page 58. (Read 60442 times)

JAPANESE WEBINAR EVENT

When: Monday, Dec. 11th.
Time: 7AM EST / 9PM (JAPAN)
With: CEO Derek Capo.
Go to: $TPAY #TPAY #bitcoin #cryptocurrency">https://zoom.us/j/2059907198   
$TPAY #TPAY #bitcoin #cryptocurrency

Reference: https://twitter.com/tokenpay/status/939546575239565312

Excuse me for my wording, I agree that it was not the correct terminology. Lets rather say people who invest early will profit on the backs of late investors. A staircase like bonus structure is okay, but not with 100%. I would say 50% downwards would be okay. But even this can have bad affect on the price. Its just my two cents on this matter, I would not invest in an ICO with this kind of bonus structure.

lol its because of scams like this why the gov will bring the hammer down on crypto

I dunno where you come up with your theory  about regular ICO investors getting scammed. There's a staircase like bonus  structure and majority of the investors will getting in during the 100% bonus window to maximize their yield. Even icos with little to no bonus crumbles on exchange.

100% bonus? Thats really too much of a bonus, this means that investors that invest in the regular ICO will get screwed over. They will invest and as soon as the coin hits the exchange their investment will loose value because all presale investors will sell their bonus tokens to take their initial investment out. Dont you think this will happen? Why did you set such a high bonus?

Why there can not be two companies with one product. It all depends on marketing and the team. The fact that the project has already collected nearly 100 bitcoins means that it means something!

Graphics are easy to change when you already have someone else's code. Kids do it all the time nowadays.

Looks like TokenPay already has a whole new UI for their desktop wallet. That didn't take long:

https://twitter.com/charlesmoscoe/status/939554543280574464

Sorry for the inappropriate question, but why does TokenPay, a PoS currency need to use the GPU? Mining Monero?!.. 

But seriously, the whitepaper says, "The processing power of the computer graphics card drives the TPAY settlement engine." It is a bit vague. And why would that need so much processing power?

And I guess, for this reason, you cannot stake on mobile phones, unlike SpectreCoin, where low power mobile staking will be made available with the coming update.

How could you say you are the most secure coin when you have to sign up your identity to participate in your ICO? How can you say you are more transparent when you have not published Github repositories? Look at how Spectrecoin used trusted escrow and stealth transactions as distribution method and take notes if you claim to be "the worlds most secure coin." You blatantly forked our coin prior to many bug fixes and claimed it to be your own.

1 question for you Derek, I see you Dodge it several times in this thread. Aside from the name, what are the technical differences between Tokenpay and Spectrecoin?

From what I can see you guys have cloned a old version of Spectrecoin (not shadowcash) for the QT wallet. Cloned coinomi for your mobile wallet. And your source code has not be made available for public review.n You do have some decent marketing but that is all. Spectrecoin may lack marketing for now but that's because they are working on their product instead of promises.
 "zero-knowledge proofs, stealth addresses, encrypted chat and a full Tor network integration". All of these are Spectrecoin features. Which you have because you have copied the code from what I see. You even copy their infographics and just change your name.
It's even cool that you copied Spectrecoin, it is truly open source. But to not give them credit and to shame them says so much about your character. I read your whitepaper. 70 pages of plagiarism and promises.
This is essentially just another fork pump and dump coin off of genuine project, Spectrecoin. I can't see why anyone would invest money in this nonsense. Anyone with half a brain could see through the lies being perpetrated by this scam.

THANK YOU !

American entrepreneur, venture capitalist, and author, Nova Spivack, interviews TokenPay's CEO Derek Capo @derekcapo.  Watch:
at: /DYE6oYFYew]https:/[Suspicious link removed]/DYE6oYFYew

Reference: https://twitter.com/tokenpay/status/938910117952737280

BREAKING NEWS - UPDATE TO PRICE

Due to the rising of Bitcoin, our CEO has made the executive decision to lower the cost of TokenPay coins to 1 TPAY = 0.0003 BTC, therefore 1 BTC = 3,000 TPAY.
Buyers will still get 100% Bonuses in the 1st week. 😀

Reference: https://twitter.com/tokenpay/status/938758235456262144

All became clear to me after the words torus and a debit card with the banks. And to copy other people's ideas is a bad idea. Project Scam

Those are two separate issues. The 2010 'TokenPay' wasn't blockchain based; it was just an idea that failed to get off the ground. But the idea hung around, and in 2017 a group of people got together and applied elements of the original TokenPay vision to blockchain technology. So on the one hand you have the high-level idea for TokenPay, which did indeed originate in 2010 (according to the whitepaper); on the other hand you have the specific technology that is now, after 7 years, being used to realize that idea. That technology was only applied to the idea in 2017, and the technology was, indeed, copied over from a combination of ShadowCash and SpectreCoin. Basically, they needed a blockchain on which to run the TokenPay idea (bank, exchange, etc.), and rather than building their own they chose to copy existing tech. No one is saying they copied SpectreCoin's vision per se; they're saying that TokenPay is realizing their own vision by exploiting the work of others. And again, that is a separate question from whether this represents a good investment.

To be honest TokenPay feels like it's rather cleverly taking advantage of the massive influx of new investors who have been attracted by the BTC spike, but know nothing about crypto in general. The branding and whitepaper are very focussed around the 'Bitcoin on steroids' message--like, oh boy, we've taken Bitcoin, you know, that thing that you heard about in the news, and made it even better! That sounds very exciting indeed if you don't know about the literally thousands of projects that have come and gone over the past several years, or the fact that there are many other privacy-oriented tokens (XSPEC? PIVX? Never heard of 'em!), blockchain-based bank/exchange/debit ideas, and so on. It annoys me that people are so ignorant, but at the same time it's also a comment on how bad most cryptos are at branding and self-promotion. I can't really begrudge the TokenPay team for taking advantage of that. If TokenPay does succeed at the expense of other projects that came earlier and do the same thing but failed to market themselves, well, it's a dick move by TokenPay but ultimately the others will have only themselves to blame.

Tokenpay's whitepaper did not include spectre as a credentials. Meaning to say, it does not came from spectre's idea. We cannot appoint anyone of them who had stolen this feature. Tokenpay started on 2010, so I think tokenpay had already idea about that before they began to make a project.