Topic: If Paycoin Succeeds, It Could Be More Dangerous Than If It Fails... - page 2. (Read 1537 times)
January 12, 2015, 04:11:34 PM
Its the latest pump and dump, been around 5 minutes, would need to see more alive time before we can take it serious.
January 12, 2015, 04:09:59 PM
January 12, 2015, 03:51:01 PM
Isn't Paycoin attached to the hip to the scam operation GAWMiners and Josh Garza:
http://www.coindesk.com/gaw-miners-paycoin-disappearing-20-floor/
I don't think the community would put it's support behind a Scumcoin if they knew who backed it.
http://www.coindesk.com/gaw-miners-paycoin-disappearing-20-floor/
I don't think the community would put it's support behind a Scumcoin if they knew who backed it.
January 12, 2015, 03:43:58 PM
That's how business works 
If the community splits into two, the Bitcoin will always be the most crowded, as Bitcoin is the mother-coin, so i think there's nothing to worry about
If the community splits into two, the Bitcoin will always be the most crowded, as Bitcoin is the mother-coin, so i think there's nothing to worry about
January 12, 2015, 03:04:07 PM
Paycoin will fail, but will be another blight upon our cryptocurrency eco-system stealing millions from naive investors.
https://bitcointalksearch.org/topic/paycoin-xpy-is-scam-900970
https://bitcointalksearch.org/topic/paycoin-xpy-is-scam-900970
January 12, 2015, 02:56:22 PM
Pretty sure its already been established that Josh is planning to break TOS for Amazon and other companies in order to "integrate" his solution.
This is a far cry from having a "partnership" with those companies.
Invest at your own risk.
-B-
This is a far cry from having a "partnership" with those companies.
Invest at your own risk.
-B-
January 12, 2015, 02:53:35 PM
Bitcoin needs a good shove and Paycoin just needs to be quarantined from what I've seen. If Paycoin succeeds, we'll risk the cryptocurrency community being split into two camps: the Bitcoin camp and the Paycoin camp.
January 12, 2015, 01:57:12 PM
It took me over a week to put this together, and I am sure there are mistakes in it. Paycoin becoming successful could be very dangerous, as it is the first time I have witnessed a currency that is quasi-decentralized with the potential to appeal to the banking sector. If this thing actually takes off, it could truly take over...and it doesn't even need the majority of the cryptocurrency community to do it.
Anyway, I highly suggest that people read over this, and take it seriously. I know many people think GAW is a joke, and Paycoin is a scam...which is quite possible. However, it is also possible that they have supporters with deep pockets (explaining the willingness to do things that are unprofitable in the short term). If Paycoin is even moderately successful, it will be an extremely powerful proof of concept to use to get financial institutions onboard.
I'm posting this here, in the Bitcoin Discussion forum, as I feel like this is a danger to Bitcoin. I have no idea what to do to stop it, but maybe someone that has written GAW off as 100% scam, or has just ignored Paycoin, will consider this possibility and think of something to prevent this if it begins.
Anyway, I highly suggest that people read over this, and take it seriously. I know many people think GAW is a joke, and Paycoin is a scam...which is quite possible. However, it is also possible that they have supporters with deep pockets (explaining the willingness to do things that are unprofitable in the short term). If Paycoin is even moderately successful, it will be an extremely powerful proof of concept to use to get financial institutions onboard.
I'm posting this here, in the Bitcoin Discussion forum, as I feel like this is a danger to Bitcoin. I have no idea what to do to stop it, but maybe someone that has written GAW off as 100% scam, or has just ignored Paycoin, will consider this possibility and think of something to prevent this if it begins.
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