I actually like Pexpeppers...or their sauce anyway
muy pikante!
How active have you actually been in the Paycoin "economy"? You've clearly bough this sauce using Paycoin. Earlier you promised Josh a review of Coinstand in exchange for an invite (aka getting bribed with free stuff).
You're what passes for a "journalist" in the cryptocurrency world, and it's a damn tragedy.Ouch!
I bought some Pex Peppers sauce too. I liked the green taco sauce. The rest was nasty and way too hot.
The problem I have with buying from someone like Pex Peppers is all he did was dump paycoins by using a alt coin transaction company that dumps them on the market right after he sold anything. He was just there to make a buck off of everyone and seem like he was doing the community a favor. I did like the fact that he was selling a real product that I mostly liked.
I'm not for or against pex peppers (too much flouncing out of the room for me and I've never bought the products).... but, they wanted vendors and vendors need to buy supplies and pay bills... until XPY has conquered the globe, they're going to have to do that in fiat. That's why all the places having accepted bitcoin is a double edged sword. Its great that I make 70% of my purchases now with BTC, but on the other hand, that drives down BTC prices when they convert. So, why would it be any different for any vendor using paycoin? They're just one step removed from getting a debit card system in place that converts to fiat right before you buy.
BTC wasn't always like that. When silk road was up there was a reason to have/use BTC, buying drugs, that you couldn't do with anything else. BTC was also big enough that not every vendor/merchant accepting BTC needed to switch them to cash. There just isn't enough to do with paycoin for it to make sense, and it has never made sense.
It was dead from inception because there was never a logical thing for GAW to do with the coins they paid $20 for. There is nothing for pex peppers to do with the coins he gets for his sauce, he can't use it to buy ingredients, pay rent, do whatever. Giving coins to Josh and letting him buy you stuff on amazon or pay your phone bill, or put money on your prepaid debit card isn't going to accomplish anything when the only thing that Josh has to do with the coin is dump it for cash. I really don't get why people can't see this.
People can keep fucking the chicken, it's bringing me lots of entertainment, but I'm shocked that people can't see why this won't work.
I agree completely. Silk road and the drug industry did (and probably continues to do) a lot for BTC. But now, we have newegg and others taking it and i'm willing to bet they do an insta-dump for fiat. But we are also getting hedge funds (again), cities/states looking at the cost savings on payment processing fees, and some regional areas looking at the transparency as a means of fighting corruption.
Any new alt-coin is almost a 'dead-in-the-water' deal (aside from if you're using it as a community/joke type thing like dogecoin and payCON) because it is going to be hard to build another ecosystem that convinces people to walk through the BTC ecosystem on the way there. IF you get past the "Why buy a cryptocurrency?" you have to get them to then trade the first crypto-currency (BTC) for yet another one. So, in a way, alt-coins, like paycoin, are all a sort of modern day Amish effect. They start isolating into their own community in order to follow (re-enforce) their beliefs and have 'fellowship' among the rest of the soon to be millionaires.
But, if all they do is churn coins among themselves, the community isn't going to grow and you get back to the fundamental question "why use crypto" made more complicated by "why use an alt-coin". Now, add to the uphill battle of the alt-coin... the shit ton of dead weight it now has to carry in the scandal of it's origin.... if vendors shied from BTC because it was thought to be something for druggies... imagine a vendor going on google to learn about paycoin?
People can keep fucking the chicken, it's bringing me lots of entertainment, but I'm shocked that people can't see why this won't work.
I think this last week or two, a lot of people have finally admitted that GAW/Garza is a scam (aided at least in part by Stuart Fraser of Cantor Fitzgerald), so really, that leaves paycoin as a peercoin clone w/prime stakers tacked on. If someone were buying in now, it would make them no different than any other alt-coin. Completely at the mercy of the 'inner circle' as to how it works out.
So, it really is only the blind GAWslings over on Hashtalk that remain with the belief that their GAWD is going to some how buy them out and recover his reputation. They appear to read and write english, they can clearly operate a web browser, there information is all here and they've had a chance to see it... They've chosen their GAWD and if they want to pre-pay for a credit card, that is their right. How different is that from the people who get hooked up into Scientology or any other scheme?
Now, I do want to see GAW, Garza, Stuart Fraser, and Cantor Fitzgerald held accountable for the original scam and the damage that has done to crypto-currencies in general. I'm more than willing to jump all over the next free web site thrown up with a $5/mo drop mail address and hidden DNS info... And, I think it's important for the crypto community to knock those shit flies down as fast as they emerge. I have extra pitchforks and am always willing to lend them out (as long as you return them as sharp as when they were lent).... The more people that report them and talk to the authorities about them, the better!
In my mind, Stuart Fraser and Josh Garza are lower scum than telemarketers, lower than email scammers (hey, they even use the email scammer's drop mail address!)... Josh Garza and Stuart Fraser should both spend YEARS in jail for what they've done. I'd love to see Stuart Fraser highlighted in the USA Money Section as they guy who backed the biggest idiot in crypto... a bigger idiot than the guy who setup SilkRoad2... I'd like to see Garza in public stocks for a week and I'd pay to have a metric ton of rotten vegetables delivered to the site and fund real-time streaming video game where people could pay BTC to have shit thrown at Garza on demand 24/7 (we could donate it all to Seans Outpost or something)...
But, somehow, I can't get my jimmies to rustle over some business guy that took advantage of an opportunity... or over an alt-coin that really is (as long as Garza is really out of the picture), just another clone of a clone of a clone heading for the sub-penny value range. I'm willing to let the survivors go on their way and hopefully they can help-out those that were the most injured in some way... They're still part of the larger crypto ecosystem even if they don't want to be. So unless they prove to be bad actors, let them go make their "Amish compounds" and have at it.
(And, despite all of this rant... there are some good alt-coins out there from an innovation/tech perspective and I'm always looking for more of that type. Right now, I'm following QORA and ARCH because I find them interesting for the voting, crosschain transactions, micro-blogging, etc. There was one that was using the block chain related to ride/vehicle/delivery sharing, but I can't remember it's name right now. If people know of other likes that (especially the voting), please PM me
)
