Paycoin (XPY) is scam | Bitcointalksearch.org

Mi5h0

sr. member

Activity: 560

Merit: 273

Quote from: ?? on ??

I avoid PaycoinOrPaybase/XPY just the truth that there are so many people getting on the Garza Band wagon to be permitted to pull his D

Paycoin and everything else related to GAW Miners was a proven scam a long time ago.
Why bumping this old topic up?

Acguy

sr. member

Activity: 308

Merit: 250

This coin is so ancient it has zero activity.

Karto

full member

Activity: 280

Merit: 100

its already delisted from bittrex, and volume is completely dead... why keep pumping this post? :/

CrypticGambit

full member

Activity: 280

Merit: 100

The Operating System for DAOs

Thanks for that infromation, all of it makes sense now I will avoid this coin and every future scam! There are so many scams now, we need to watch out!

ronnieb

jr. member

Activity: 198

Merit: 1

who remembers this scam LOL

HardFireMiner

full member

Activity: 872

Merit: 120

I am not sorry for bumping this topic up, but apparently bitcointalk have missed this news, important these days with all the ICO IPO crazyness.
Does this mean that he will pay 12 million and walk free? Who know how american justice work?

https://news.bitcoin.com/garza-fined-12-million-by-sec-for-gaw-mining-and-zenmining-ponzi-schemes/

BitUsher

legendary

Activity: 994

Merit: 1034

Quote from: NewLiberty on August 20, 2015, 05:08:47 PM

Liberty Dollar wasn't a scam. The government is returning all the gold and silver. As it turns out, they were wrong.
http://www.coinworld.com/news/precious-metals/2015/08/federal-government-to-return-millions-in-liberty-dollars-.html

read a bit closer.... the government is returning only a small fraction of the gold and silver the stole. There was a hell of a lot more liberty dollar certificate owners than 265. Most people didn't jump through the legal hoops out of fears of being subpoenaed or losing their privacy,not filing in time, or just not knowing what to do.

Same bullshit as other Asset seizure cases... most of the funds stolen are kept by them .

But yes, I agree with you the US government was "wrong" in stealing their gold and silver.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: Crestington on August 20, 2015, 06:34:51 PM

Actually I read about liberty dollars and was quite interesting. Some guy created his own currency and called it liberty dollars and backed it by silver and then the government came to sgut him down expecting to find nothing but instead found a massive amount of silver, the same silver that was there to back the currency. Liberty Dollars mainly failed because the government could seize the liberty dollars and did so because it was competitive to their own currency and as in most governments, threatened by competition. I can't see how it is comparable, maybe the LibertyCoin guy went about it the wrong way? because it was all backed by real assets.

It looks like the "guy" made it "confusingly similar" to the US Dollar. I guess you can't have it both ways - market it as a "dollar" while calling for a "repeal" of the Federal Reserve and the IRS.

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: NewLiberty on August 20, 2015, 05:08:47 PM

Quote from: inBitweTrust on February 06, 2015, 02:23:16 PM

Quote from: ?? on ??

It's not a scam, but a coin needs a couple things to succeed like publicity, trust, merchant integration and so on.
In case of paycoin the innitial publicity was good, thus we had an early pump, then the trust kept dropping due to some allegations like premine, no $20 support, problems with the name and almost no merchants accepting the coin. It's still possible for them to bring the price up but it would require some major stores to accept the coin, just as it was promised before the launch.

Allegations? Almost everything we have warned about has been revealed. Josh can instantly secure confidence in the community if he were to simply provide evidence to refute our allegations that he lied to all of you.

Paycoin2 was a stillbirth upon inception and will slowly become a penny stock up until the day the SEC moves in and lawsuits start being filed.

What is sad about this whole scam is that even if it wasn't intended to be a scam it was destined to fail because it is hyperinflationary with too small of a userbase and ultimately controlled by one company unlike bitcoin. Centralized digital currencies are nothing new and all eventually get attacked and shutdown by the government if they don't become co-opted(ripple labs will either be shutdown or co-opted in the future).
Digicash, liberty dollar, liberty reserve, egold, ect... all shutdown. A US government and banks aren't going to allow anybody else to take over the FED and control the "prime controllers" without a fight.

Liberty Dollar wasn't a scam. The government is returning all the gold and silver. As it turns out, they were wrong.
http://www.coinworld.com/news/precious-metals/2015/08/federal-government-to-return-millions-in-liberty-dollars-.html

Actually I read about liberty dollars and was quite interesting. Some guy created his own currency and called it liberty dollars and backed it by silver and then the government came to shut him down expecting to find nothing but instead found a massive amount of silver, the same silver that was there to back the currency. Liberty Dollars mainly failed because the government could seize the liberty dollars and did so because it was competitive to their own currency and as in most governments, threatened by competition. I can't see how it is comparable, maybe the LibertyCoin guy went about it the wrong way? because it was all backed by real assets.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: inBitweTrust on February 06, 2015, 02:23:16 PM

Quote from: ?? on ??

It's not a scam, but a coin needs a couple things to succeed like publicity, trust, merchant integration and so on.
In case of paycoin the innitial publicity was good, thus we had an early pump, then the trust kept dropping due to some allegations like premine, no $20 support, problems with the name and almost no merchants accepting the coin. It's still possible for them to bring the price up but it would require some major stores to accept the coin, just as it was promised before the launch.

Allegations? Almost everything we have warned about has been revealed. Josh can instantly secure confidence in the community if he were to simply provide evidence to refute our allegations that he lied to all of you.

Paycoin2 was a stillbirth upon inception and will slowly become a penny stock up until the day the SEC moves in and lawsuits start being filed.

What is sad about this whole scam is that even if it wasn't intended to be a scam it was destined to fail because it is hyperinflationary with too small of a userbase and ultimately controlled by one company unlike bitcoin. Centralized digital currencies are nothing new and all eventually get attacked and shutdown by the government if they don't become co-opted(ripple labs will either be shutdown or co-opted in the future).
Digicash, liberty dollar, liberty reserve, egold, ect... all shutdown. A US government and banks aren't going to allow anybody else to take over the FED and control the "prime controllers" without a fight.

Liberty Dollar wasn't a scam. The government is returning all the gold and silver. As it turns out, they were wrong.
http://www.coinworld.com/news/precious-metals/2015/08/federal-government-to-return-millions-in-liberty-dollars-.html

muhrohmat

sr. member

Activity: 252

Merit: 250

then ok we all predicted this like 3 month or 6 month ago the paycoin not giving good price like 20 dollars pormissed and bad investment on mining cloud and hardarw gave to all this i guess its a common sense its case closed

HarryPotHead

full member

Activity: 192

Merit: 100

You are what you eat. PIZZA!

Quote from: BitUsher on May 27, 2015, 02:44:08 PM

Here is something else that was released-

http://bitcoinist.net/press-release-btc-com/

Looks like josh has broken another promise and contract.

Surprise surprise, he is a crafty little man always pulling a fast one. Roll on his prison term maybe he can pay back physically all the paper he has stole to a man named big ronny

BitUsher

legendary

Activity: 994

Merit: 1034

Here is something else that was released-

http://bitcoinist.net/press-release-btc-com/

Looks like josh has broken another promise and contract.

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: coinits on May 15, 2015, 03:24:32 AM

For the lulz in my inbox this AM:

Quote

Mineral.com crypto-currency exchange is closing down.
Mineral.com & Mineraltalk.org is closing down.

Due to unforeseen circumstances surrounding serious allegations and the on-going investigation and litigation with an internationally wanted individual associating them self with Mineral International we would like to advise that Mineral crypto-currency exchange and services will be shutting down.

Mineral.com and Mineraltalk.org will be closing at 10pm EST on May 22, 2015, therefore coin holders are required to login and proceed to their dashboard to process a withdraw of their coins to their desktop wallet or other wallet services available.

All withdrawals will be processed automatically by our system. Wallet servers will be shut down and any coins in those wallets will not be recoverable.

Thank you.
Copyright © 2015 Mineral, All rights reserved.
You are receiving this email because you are registered at Mineral.com

Our mailing address is:
Mineral
31/F CHINACHEM CENTURY TOWER
178 GLOUCESTER ROAD
Hong Kong
Hong Kong

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: Buckeye2015 on May 14, 2015, 08:52:47 AM

In case there are Garza victims who read here and not the other forums....

Here is an update with more details about the class action lawsuit, how it will work, and how to submit your information for inclusion in the group.

http://talk.paycoin.com/discussion/1128/gaw-lawsuit-statement/p1

http://www.coinbuzz.com/2015/04/17/breaking-gaw-miners-ceo-admits-to-charity-fraud-scandal-continues/

http://www.coinbuzz.com/2015/04/26/cryptocurrency-exchange-cryptsy-now-involved-in-gaw-scandal/

https://bitcoinmagazine.com/20050/death-paycoin-employee-video-reveals-internal-chaos/

SolidStateSurvivor

hero member

Activity: 553

Merit: 500

Solo Miner Legend

Price down to 30K Sat, then up again at 50K. I wonder who keeps jacking the price up. Just a matter of time (short) until it halves again in value, right?

NattyLiteCoin

hero member

Activity: 912

Merit: 1021

If you don’t believe, why are you here?

I wish Coblee had this much passion about LTC.

completely kidding

Man we have a long way to go before we get the point of all of this.

Liquid71

hero member

Activity: 835

Merit: 1000

There is NO Freedom without Privacy

wow this scam just keeps getting crazier. Homero must have bought stock in Orville Redenbacher and is now inventing mystery gangsters to entertain the people he scammed.

inBitweTrust

hero member

Activity: 658

Merit: 501

http://bitcoinist.net/coincard-gain-wider-acceptance-cryptocurrency/

inBitweTrust

hero member

Activity: 658

Merit: 501

Topic: Paycoin (XPY) is scam (Read 79518 times)