Topic: Discussion about Tactics used on BCT (Read 3290 times)

That is the best explanation of Paycoin, sorry I meant Paycon--shit i don't know what i meant - or even read--

Edit: PayCon is actually genius btw, because it has the inflation model that PayCoin would have needed to be successful in such that you have even higher inflation but you cannot buy it without knowing that it was built on opensource code without any promises. If you sell you cannot buy it back without paying more, if you own it and are Staking you may not even receive the highest rewards without optimizing your Staking and if you are doing that then you are also developing the Coin, securing it. There is a sweet spot for inflation, to have it moderately high enough that everyone will Stake it but not so high that one person can gain all the advantage or will continually drop the price over time because you want people that will trade it, create volume AND Stake as well. Calling something PayCon as a currency is the whole idea of decentralization in itself, like saying that you don't give a fuck about whether or not people see it as legitimate and it will be a success no matter what people think, got a problem with that? Simple, don't buy it because it's not pretending to be something it's not.

Thank you for what sounds like a much more reasonable response. Also thanks to kilo17 for explaining the situation. I might disagree with what you guys are saying but nevertheless I can respect that.

One note though. I don't think there is any hate. Not on my part anyway. That's a loaded word from Garza's dictionary. As well as FUD etc. None of it matters if you're running an honest venture. Do trolls affect Bitmain or Coinbase in any way? Don't think so. There are plenty of coins too that have survived Bitcointalk so it's not like it's impossible to do anything, it's more like a test that if you can't pass maybe the idea isn't as brilliant as it seemed.

Take Crestington for example, I don't think I've ever seen him lash out no matter how hard he's trolled, and he's running a frickin' parody coin with a "con" in its name. Hire him next time you start something and you'll be certifiably troll-proof

Thank you for what sounds like a much more reasonable response. Also thanks to kilo17 for explaining the situation. I might disagree with what you guys are saying but nevertheless I can respect that.

One note though. I don't think there is any hate. Not on my part anyway. That's a loaded word from Garza's dictionary. As well as FUD etc. None of it matters if you're running an honest venture. Do trolls affect Bitmain or Coinbase in any way? Don't think so. There are plenty of coins too that have survived Bitcointalk so it's not like it's impossible to do anything, it's more like a test that if you can't pass maybe the idea isn't as brilliant as it seemed.

Take Crestington for example, I don't think I've ever seen him lash out no matter how hard he's trolled, and he's running a frickin' parody coin with a "con" in its name. Hire him next time you start something and you'll be certifiably troll-proof

I am not here to promote anyone or anything accept to possibly enlighten a few people that a different approach from some of you could do a lot of good for crypto and BCT.  There is so much hate and trolling that it makes it impossible for someone that may have a good idea to foster that idea.  I am not saying that scammers should get off easy or that 90+% of coins aren't scams.

Before you do anything, you need to realize that the gem paycoin thing was going to fail with or without the subsidy.

IF they gave you a shitload of coins, you would need to sell them to pay for your gems, that would crash the price. No one was going to buy enough coins to get your gems because there are a ton of people who paid more than your discount was for their paycoins, so if some rando saw that they could buy $1k worth of xpy and get $1.2k worth of gold, they wouldn't do enough to raise the price to counter the scumbags who paid 0 for coins and the bagholders who paid $4-20 who would be rushing to sell their coins.

You had the same problem here, you were going to give people coins for x, then just expect people a week later to pay more. The ICO people are going to dump to take a profit, and when no one buys the coins you took in exchange for gems for a markup you are going to end up dumping yourself or just screwing people over when they come to you looking for gems.

You got conned by some people who are apparently good crooks with GAW, actually learn from it, don't be so defensive when people point out mistakes, and don't get yourself into more trouble by trying to undo that past.

Edit: why start your own coin? Just sell the gems.

Before you do anything, you need to realize that the gem paycoin thing was going to fail with or without the subsidy.

IF they gave you a shitload of coins, you would need to sell them to pay for your gems, that would crash the price. No one was going to buy enough coins to get your gems because there are a ton of people who paid more than your discount was for their paycoins, so if some rando saw that they could buy $1k worth of xpy and get $1.2k worth of gold, they wouldn't do enough to raise the price to counter the scumbags who paid 0 for coins and the bagholders who paid $4-20 who would be rushing to sell their coins.

You had the same problem here, you were going to give people coins for x, then just expect people a week later to pay more. The ICO people are going to dump to take a profit, and when no one buys the coins you took in exchange for gems for a markup you are going to end up dumping yourself or just screwing people over when they come to you looking for gems.

You got conned by some people who are apparently good crooks with GAW, actually learn from it, don't be so defensive when people point out mistakes, and don't get yourself into more trouble by trying to undo that past.

fair enough, but if you are really putting up gems against a crypto coin, you need a real lawyer, unlike any that homero ever had.

Thank you.  I have nothing to hide and obviously made many mistakes on the BitStone release....BST was not put on hold because it was a scam...it was put on hold because it was heavily flawed...

Valid points to debate. I think the dialog we are having is helping me understand for sure.  While I do agree with you on most of your points, consider this: the first post on the BitStone thread were a link to an unmoderated thread- which I am not saying in and of itself was wrong,  I am saying that in that thread it was nothing but a bunch of personal attacks and posts that were copied from the GAW thread.  Those types of comments have no value to a coin release and most if not all were simply FUD.  

Secondly, I do think the first posts from several of the GAW thread regulars on the BitStone thread were scam accusations and offered no real reasoning.  Some of the posts after that had VERY valid points, no doubt.  The problem in my eyes is this, if a person comes on a thread and the first post is SCAM then all post after that are soured.  Having said that, it is exactly what I did on this thread and I appreciate you continuing to discuss matters with me.

Lastly, I apparently did not make myself clear.  Kilo17 was angry at me for the OP (meaning the original post I made) - which most of you were also upset about.

I do appreciate your replies.

His screen name was Trixster and was also active a bit on the GetHashing forums as well.


This just comes back to doing the things that need to be done and helping in the most effective way and facing whatever people are going to say head on and make no apologies about it. If someone is going to try to embarrass you how are they going to succeed if you are open and upfront about the things that you are doing? Hack into your emails and release all your private information? What if everything in private is exactly the same things said in public?


If you contact someone privately asking them if it's a scam and they tell you it isn't, then that will not make it a scam? What if you asked the wrong questions and the information provided was false but you believed it and then other people based their judgments on your personal analysis?


You should never be scared to hide information because you are afraid of what other people might think or people would use that information to try to embarrass you. Information is only embarrassing if you deem it so, people pick up on this and jump on it, this is the internet and what people say about the things you do really does not matter in the slightest. Some of the best advice I was ever given was "to own your mistakes" because everyone is going to make mistakes, it's part of life but you cannot learn from your mistakes if you cannot face them, accept them and learn from them.


"Hate and trolling" is the reality on the internet and if you cannot accept that and discuss the issues that people have a problem with in a mature manner then you should not be doing this kind of work. Face life head on, you will always come out ahead because if you are not then those things will build up until they get out of control.

You are saying that Whocares/kilo17 are angry because you are discussing these things, I see that as a red flag for investing in their project since they should be the ones answering peoples questions.

I do not disagree with what many of you have stated.  I would like to respond to some of the replies.  I did lose some on Paycoin and ignored the warning signs, big mistake but it wasn't much money.  I bought an account because I think if I post with my real account I will be ridiculed for a mistake I made and do not wish to have my personal life brought into your thread. 

In response to another couple of comments, yes I am aware of the guy with terminal cancer that Josh screwed.  I cannot remember his name on HT but I think it started with the letter "T' and I believe he did some design work.  I am also aware that you guys were on JG before the emails were leaked or made available and I apologized in a previous post, if I didn't then I apologize now.

I was one of the guys that was on HT for a long time and saw many people come and go.  I do know that many on the GAW thread have been ridiculed for trying to help those that did lose.  Just because people have a desire to try and get a coin back on its feet and that coin was a HUGE scam by JG does not mean they are a scammer. I also see your points that it will be exceedingly difficult because it is a flawed coin to begin with.

I do see the point that it is definitely a riskier endeavor to invest in an HT members coin than someone that did not potentially lose money on Paycoin.  Once again, you are assuming that Whocares lost money, when in reality it was stated on multiple threads by a lot of members that Whocares didn't even start on Paycoin until late in the game.

If Whocares does have good intentions and you have good intentions (preventing scams and protecting people), wouldn't it have been easier to contact him or another team member and say "listen, many of us have a problem with you coming out with a coin that resembles Paycoin, particularly since you were an active HT member.  We strongly advise you to rethink the coin" or hell, maybe even add in a small incentive (aka threat) like "or we will haunt you down like that scumbag JG'

That at least gives an honest person something to consider and allows them to respond.  I can tell you from my point of view, I am scared to death of you guys and want none of you crawling up my ass, not because I am scared of what you will find but because I do not want to deal with the embarassment that I have seen on the GAW thread because I made a dumb ass move.

I am not here to promote anyone or anything accept to possibly enlighten a few people that a different approach from some of you could do a lot of good for crypto and BCT.  There is so much hate and trolling that it makes it impossible for someone that may have a good idea to foster that idea.  I am not saying that scammers should get off easy or that 90+% of coins aren't scams.

Like I have said before, it is very obvious that many of you know crypto very well, I just think that your talents could also be used to benefit crypto in a positive way.

I pissed off Whocares/kilo17 on the Bitstone thread for making this thread because he said it was uncalled for and very inflammatory.  So again I want to apologize for the OP.  I have invited him to post here on the thread for what I think could be potentially invaluable feedback.