Author

Topic: IONcoin Warning! Paycoin team is back. (Read 770 times)

hero member
Activity: 1008
Merit: 500
hero member
Activity: 1008
Merit: 500
April 21, 2016, 05:31:18 PM
#4
Thank you for the warning, ICOCountdown.com

Thanks we need to educate people about this, it is the exact same scheme as GAW and Paycoin again!
hero member
Activity: 1036
Merit: 501
April 21, 2016, 12:17:42 PM
#3
Thank you for the warning, ICOCountdown.com
hero member
Activity: 1008
Merit: 500
April 21, 2016, 12:12:14 PM
#2
bump
hero member
Activity: 1008
Merit: 500
April 20, 2016, 10:34:48 PM
#1
A friendly warning from http://icocountdown.com

https://medium.com/@icocountdown/ion-coin-warning-cb686fb6e7a4#.98dtikloq

Quote
Another day, another — insert here.

Another attempt at a ICO with unfeasable goals. ION Coin.

Here we go again friends.

Thread reference: https://bitcointalksearch.org/topic/ann-ion-ion-pos-30-mobile-gaming-join-the-ionomy-today-1443633

No escrow of any kind and no escrow with any conditions.

No public source to be audited.

Reference: https://github.com/ionomy/ion

Adam Matlack Involvement with previous scam Paycoin.

Reference: https://www.google.com/?gws_rd=ssl#q=matlack+paycoin+foundation

Reference: https://bitcoinmagazine.com/articles/death-paycoin-employee-video-reveals-internal-chaos-1429396603

Reference: http://themerkle.com/gaw-miners-scam/

Reference: https://bitcointalksearch.org/topic/paycoin-xpy-is-scam-900970

Clearly cloned software from Darkcoin(DASH) (they marked Eduffield developer of DASH and masternodes in the whitepaper.) If there is any software at all.

Reference: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper

Shocking similarities between paycoin and this coin including

Huge pre-mine (5.9 Million out of 10.9 million supply) — Giving control of highest paying masternodes to them in the network.

Reference: https://www.reddit.com/r/Bitcoin/comments/2r4gck/gaw_miners_liars_frauds_a_brief_recap_of_what_we/

Reference: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper

Masternodes = Prime Controllers.(In this case anyway).

Reference: http://coinjournal.net/former-paycoin-developer-joe-mordica-speaks-about-gaws-power-bill-and-prime-controller-issue/

Same terrible marketing tactics as Paycoin with no corporate or business evidence to back it up.

Continued Relationship with Josh Garza even after terrible business has been done.

Terrible security and management skills.

Reference: https://youtu.be/73R2YBXXxvY

Richard Nelson: Developer for paycoin.

Reference: https://github.com/PaycoinFoundation/paycoin/releases

I don’t think I can be more clear with this one.

This will not be listed on http://icocountdown.com
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