Topic: Paycoin (XPY) is scam - page 32. (Read 79581 times)

Scam?

Bitcoin declined from 1200 to 300. lol. Just because it has gained value against $ doesn't mean it's not risky. I could buy a soda for $1 in 2009 and I can do the same in 2014. Can't say that about bitcoin.

I'm not taking sides but you can't compare one that's 4 years old and one that's just 2 days old. It isn't fair to the one that started late. Give it 4 years and then we can judge.

The dollar has lost 99.9% against bitcoin in the last 6 years.... Paycoin has lost over 60% against the dollar in the last 2 days.
Bitcoin has a much better store of value than paycoin because its disinflationary , not highly inflationary.... It would be safer investing in the Argentinian peso than paycoin.

I am now going to stop wasting my time with you as don't seem to care about a sincere conversation discussing the facts.

lol.

May be try looking at Bitcoin chart when it first started.

If I want stability in a currency I use fiat for the time being... paycoin is way more volatile than Bitcoin and losing value far quicker than bitcoin. 2 days vs 1 year.

Right, you have no reason until you can get something out of it. If they throw 10% discount every time you use XPY then lot of people would jump on that opportunity.

Currency is something that you use to purchase something whereas commodity is an asset that you hold until it gains value. How many people purchase something with BTC? only handful. There is a reason price is declining and it wouldn't if we had buyers and the way price is declining I'm not even sure if we'll ever get more buyers. It looks too risky at this point even as an investment. Risk to reward ratio is too much for lot of new investors.

GAW now is trying to extend its censorship outside Hashtalk with legal Threats:

Well for start, Paycoin was started and is controlled by a dishonest fraud..... but hypothetically lets assume that this wasn't the case.... paycoin is trying to fill the role that other fiat currencies already fulfill (USD, Euro, ect) so isn't even competing directly with Bitcoin but those currencies. This is fine in itself as the free market should allow this to happen, but personally, I see no reason to use paycoin above fiat myself . I can already use my Amex and get cash back sir. I can already trick amazon by using my friends amazon associate account to get up to 10% off like paysave does and violate the TOS.


Almost everyone uses Bitcoin as a currency or a speculative asset with between 2-5million users .
Paycoin is being used almost exclusively as a speculative asset with a few thousand users.

Its isn't even comparable.

Well you are certainly right about this as these 2 currencies are fundamentally different.

Paycoin                                                                                                                       Bitcoin

1) Started as a way to extend a fractional reserve mining ponzi                                          1) Started by cypherpunks as an attempt to remove corruption from banks and states
2) 93+% premine controlled by GAW                                                                                2) PoW allows anyone to equally compete for the distribution from day one
3) GAW and partners(?) will control the best inflation that print out at 350%                        3) PoW allows a tech arms race to determine who controls the mining
4) Centralized and principally controlled by one company                                                    4) Decentralized and control split between full nodes, devs , and miners
5) Highly inflationary                                                                                                        5) Disinflationary
6) Very little development support or innovation                                                                 6) Thousands of the best developers working on the code for many years


Your CEO doesn't seem to think that development and innovation matters either....



....paycoin is all a marketing mirage.

that's exactly my point. Everything is connected to each other and separating one coin from the other will make everything else suffer. Many bitcoin users come to altcoin to increase their BTC but they also waste time in calling it scams without realizing that if crypto is gone BTC value will also decline because all the user base that is invested in crypto is also invested in BTC.

Bitcoin came as an innovation and instead of taking something from it and making it better people are glued to it. It's same as people buying Nike just for the sake of owning a brand name.

If they can, keyword being if. If they didn't accept bitcoin then what makes you think they'll accept paycoin. While you say Bitcoin is nothing but digital currency you forget that for the time being XPY is the same exact thing except as of now it's price is tied to bitcoin which is tied to fiat.

that's what happens when a new born crypto is attacked with accusations. It has happened to every coin out there. Paycoin is trying to do that Bitcoin never achieved. Target, Walmart, Amazon. Those are some huge retailers who don't accept Bitcoin. They're also adding debit card option which will allow you buy Paycoin instantly. Paycoin gets in it'll be a huge achievement for digital currency. Obviously, some of these bitcoin supporters can't pass the fact that Bitcoin is nothing but digital currency. Thinking that world revolves around it would only make it worse for everyone who is invested in crypto or bitcoin.

at this time we cannot trust any of Those coins

 

yeah true but so much volume that it seems likely someone will pump it up a bit again. doesnt have to be much. just bought a few btc at 0.011 hope i can sell it at 0.016/0.017 tomorrow. now im going to bed

buy support is already growing...so im positive i can make some small trades

I've never seen a coin crash this fast and this hard. Not even a decent dead cat bounce. This speaks volumes.

I'm stuck with some mined coins but no way in hell am I buying any.   Cheap coins are useless if you can't sell them.

its getting dumped fast now, buy order side almost empty  

try to pick up some coins of it gets dumped below 0.010

^^^
Denial and a clear touch of insanity:
He also displays enough creativity to eventually succeed at something, if he can occasionally keep somewhat familiar with actual reality.