Topic: Paycoin (XPY) is scam - page 13. (Read 79551 times)
Another XPY thread. At least this one is more fact based rather than hate mongering like that 1200 page one. Nothing but idiots over there.
Cheers!
A good breakdown of some pre-mine numbers.
Just going off statements made by Mr. Ganza. 6.5 Million coins in Prime controllers. Supposedly a round-1 financing round where it took a million dollars just to be invited. Over-subscribed was what the word was. At a dollar per coin and what, six investors, two million dollars each, a dollar per coin?, the numbers are already way past the 12 million pre-mine. So, two investors at 2 million each. a dollar per coin.
12 million - 6.5 million - 4 million = 1.5 million coins left over to be paid out to hashpoint miners.
OK - fine - $100 million CAF and even 1.5 million coins, or, Christ, call it 3.5 million coins or even your figure of 4.8 million coins at $20 - do the math. It's the "$100 million held out of the $335 million financing to be a CAF" that's bullshit. Well, other than all the other numbers. All the numbers that Mr. HJG has ever quoted are complete and utter bullshit.
How about 10,000 sign ups in zencloud per day? There aren't even 7500 active XPY wallet addresses in use. Where do you suppose all those sign-ups and buyers keep their XPY? How much XPY do you think is really out there in the wild when the top 100 addresses own like 90% of all the coins that exist?
12 million - 6.5 million - 4 million = 1.5 million coins left over to be paid out to hashpoint miners.
OK - fine - $100 million CAF and even 1.5 million coins, or, Christ, call it 3.5 million coins or even your figure of 4.8 million coins at $20 - do the math. It's the "$100 million held out of the $335 million financing to be a CAF" that's bullshit. Well, other than all the other numbers. All the numbers that Mr. HJG has ever quoted are complete and utter bullshit.
How about 10,000 sign ups in zencloud per day? There aren't even 7500 active XPY wallet addresses in use. Where do you suppose all those sign-ups and buyers keep their XPY? How much XPY do you think is really out there in the wild when the top 100 addresses own like 90% of all the coins that exist?
Nice 50% bounce. Some have been able to enjoy some profits. Early.
This is why:https://twitter.com/CryptoDabbler/status/570642343033831424
Retweet for more effect.
Nice 50% bounce. Some have been able to enjoy some profits. Early.
Ive been looking into an alt coin to invest in, so far all I have seen are scams. Paycoin, Rimbit, Darkcoin.
Turn to NXT, you can trust it!
XPY cannot to up more
what happened this coin?
It was a scam. what happened this coin?
XPY cannot to up more
what happened this coin?
what happened this coin?
Ive been looking into an alt coin to invest in, so far all I have seen are scams. Paycoin, Rimbit, Darkcoin.
aaaaaaand it's going back up?! lol wth
It typically bounces back after getting pressing hard, and can cause the coincident scatter in price. The bigger the top, the higher it drops. 
logged onto zenminer after some time. Withdrew 43 Paycoin and had to laugh when it said value $800+
I got 0.1 BTC
History
Upgraded Hosted Scrypt miner to Zenminer.
Zenminer not active due to mining blah blah blah
Upgrade to a Hashstaker
Have 50+ Paycoinartistcoin
Sell 43 for 0.1
The worst investment, other than pre ordered hardware.
I got 0.1 BTC
History
Upgraded Hosted Scrypt miner to Zenminer.
Zenminer not active due to mining blah blah blah
Upgrade to a Hashstaker
Have 50+ Paycoinartistcoin
Sell 43 for 0.1
The worst investment, other than pre ordered hardware.
Maybe thats only the beginning
http://coinfire.io/2015/02/23/ryan-kennedy-of-moolah-arrested/
Where can I bet that Josh will be the next?
http://coinfire.io/2015/02/23/ryan-kennedy-of-moolah-arrested/
Where can I bet that Josh will be the next?
aaaaaaand it's going back up?! lol wth
So people buy XPY, get burned, and then complain about losses. Then the process repeats. I will never understand the stupidity of humanity. Go play Satoshi Dice FFS
Since when is complaining not allowed? Or would you prefer no one complaining and the PayCoin scam to continue unnoticed? I simply don't like scammers but you can only start accusing someone for being a scammer after they have actually scammed people. Of course people are stupid
but that does not mean we should tolerate scamming.
So people buy XPY, get burned, and then complain about losses. Then the process repeats. I will never understand the stupidity of humanity. Go play Satoshi Dice FFS
Dont know why so many people fell for this scam coin, im glad to see it drop down where it belongs, soon everyone will have forgotten what paycoin even was.
I hope those i warned pulled out while they could.
I hope those i warned pulled out while they could.
I don't tolerate oppression of free speech.
PayCoin moderators have driven me to the point of expressing my opinion on the bitcoin's blockchain itself. You can decode the hex outputs of this transaction to see what I have to say about PayCoin:
https://blockchain.info/tx/04d9ec84ce98fd8cca2efe497117771e396acb90698913fb1de25ab1b304c075
Or, alternatively, you can use cryptograffiti to decode it for you:
http://cryptograffiti.info/?txnr=2243
PayCoin moderators have driven me to the point of expressing my opinion on the bitcoin's blockchain itself. You can decode the hex outputs of this transaction to see what I have to say about PayCoin:
https://blockchain.info/tx/04d9ec84ce98fd8cca2efe497117771e396acb90698913fb1de25ab1b304c075
Or, alternatively, you can use cryptograffiti to decode it for you:
http://cryptograffiti.info/?txnr=2243
Quote
About PayCoin...
You know you are in the context of a poor investment when you are
being deceived. When a guy named Josh gives you promises as it was
the case with Butterfly Labs. Interestingly, PayCoin also has a guy
named Josh giving you promises.
I guess a name can ruin a man after all.
The above post was instantly deleted from hashtalk.org and my account
got banned which further validates their agenda. I remember the same
exact moderation "style" in the forums of Butterfly Labs. You can see
the originating topic here: http://goo.gl/0YW0k9
PayCoin is dying as expected and their creators deceived a lot of
people with promises they did not keep. They should be labeled as
a scam and be processed by the justice system respectively.
So, next time you oppress someone's free speech by deleting their post
and banning them, consider the fact that it may end up in the Bitcoin's
block chain and remain there forever, which I believe is a much worse
alternative.
You know you are in the context of a poor investment when you are
being deceived. When a guy named Josh gives you promises as it was
the case with Butterfly Labs. Interestingly, PayCoin also has a guy
named Josh giving you promises.
I guess a name can ruin a man after all.
The above post was instantly deleted from hashtalk.org and my account
got banned which further validates their agenda. I remember the same
exact moderation "style" in the forums of Butterfly Labs. You can see
the originating topic here: http://goo.gl/0YW0k9
PayCoin is dying as expected and their creators deceived a lot of
people with promises they did not keep. They should be labeled as
a scam and be processed by the justice system respectively.
So, next time you oppress someone's free speech by deleting their post
and banning them, consider the fact that it may end up in the Bitcoin's
block chain and remain there forever, which I believe is a much worse
alternative.
So the talk of it "backed by fiat" and a guaranteed price floor of $20 has led to Paycoin surging to $0.69. Guess they are really credible and trustworthy
Another day, another dive for paycoin. 
Will it reach 1 Satoshi? When, is anyone's guess. 
Will it reach 1 Satoshi? When, is anyone's guess. 
Hyper-inflation in practice --
https://chainz.cryptoid.info/xpy/#@inflation
The notch show was due to the 113k coins burned... https://chainz.cryptoid.info/xpy/block.dws?66506.htm when Josh was caught transferring the test coins to one of his primes and than was forced to burn them.
https://chainz.cryptoid.info/xpy/#@inflation
The notch show was due to the 113k coins burned... https://chainz.cryptoid.info/xpy/block.dws?66506.htm when Josh was caught transferring the test coins to one of his primes and than was forced to burn them.
Yup been watching them produce well over a million coins within a few months, reality is.
Viz.
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