i have been part of hashtalk community since august, i have large investments in zencloud
im being critical for a reason, i still think they can right themselves.
they just need to realign with the crypto-currency core principles and do what needs to be done to have trust, decentralization, provability down and do whats right.
I respect your optimism. But honestly, how much of that alignment with core principles have you seen since August? This thread originated at the beginning of August (link to the original in the OP) and many of the red flags raised there were never addressed, some were actually ridiculed and denied by GAW explicitly (like blockchain prood of mining).
What im talking about applies specifically to paycoin, a crypto-coin is a community project, everyone looses when something isnt built right.
I dont think they are a ponzi, i agree that cloud mining is not good, especially from a trust standpoint, but the US has a reputation for being a bad place to make scams/fraud, they take it seriously (exept for the big banks).
Paycoin has all the right features and services to go mainstream, it just needs to be done in a way that continues with the principles required for crypto-currency to work. How can something withe purpose of decentralizing trust have central points of trust required. GAW needs to prove, using crypto technology and 3rd party web history sources, that they are not the only owners of prime controllers, thereby centralizing it.
