Topic: Paycoin (XPY) is scam - page 33. (Read 79581 times)
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Denial Bargaining Anger Depression Acceptance
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Hereabouts
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Hereabouts
You know the copied logo isn't going to fly since it could be easily classed as misrepresentation because the GoPago is a Point OF Sale hardware and software business but could easily be mistaken that POS means Proof of Stake, that gopago is an affiliate of paybase and the technology is made for PayCoin.
The fact that they aren't concerned about future litigation from Amazon TOS conflicts , gopago trademark infringement, and the fact that they may face legal action over stealing another coins name -paycoin worries me that they may not be concerned about the long term viability of their business model.
I have not bothered reading up on paycoin, but someone claimed it's ICO raised more than Ethereum. Is this true and can the dev dump the ICO bitcoins? Is there an address where we can see the ICO bitcoins?
Since it is almost completely premined, and josh only created a floor for around 30 minutes, it has been extremely profitable for him. There isn't much transparency so there is no way of knowing how much gaw has made off this scheme as they have been trading on their own exchange and with anomynous bots on other exchanges without having a single ICO investment wallet. Most of the coins are still in control of GAW(They will suggest that they own it with secret investors but so far no evidence supports this) so the market could be drop out much further if these coins start hitting the market.
I have not bothered reading up on paycoin, but someone claimed it's ICO raised more than Ethereum. Is this true and can the dev dump the ICO bitcoins? Is there an address where we can see the ICO bitcoins?
Some helpful links - https://docs.google.com/spreadsheets/d/1Y9qBOX-VUfsR3femQ9ggmqvgepksImqag1R2SPVUiNk/edit#gid=0
Josh Garza saying $20 floor is to big for it to fail.
http://i.imgur.com/HAIL73L.png
https://hashtalk.org/topic/20296/hashstaker-q-a/266
https://web.archive.org/web/20150102212450/https://hashtalk.org/topic/20296/hashstaker-q-a/266
Josh Garza saying they will buy Paycoin at $20 and modified version of original statement.
http://i.imgur.com/0ALEUYW.png
https://www.facebook.com/Hashlets/posts/965168623510798
https://archive.today/a7ySo
https://archive.today/W3OTH#selection-845.0-851.51
https://archive.today/xYUdX
https://archive.today/erGhz
Paybase is stolen logo
https://www.gopago.com/
https://paybase.com/
Statement from Josh Garza they will push the exchanges past $20
https://web.archive.org/web/20150102220147/https://hashtalk.org/topic/25441/paybase-launch-rescheduled/39
Josh Garza saying $20 floor is to big for it to fail.
http://i.imgur.com/HAIL73L.png
https://hashtalk.org/topic/20296/hashstaker-q-a/266
https://web.archive.org/web/20150102212450/https://hashtalk.org/topic/20296/hashstaker-q-a/266
Josh Garza saying they will buy Paycoin at $20 and modified version of original statement.
http://i.imgur.com/0ALEUYW.png
https://www.facebook.com/Hashlets/posts/965168623510798
https://archive.today/a7ySo
https://archive.today/W3OTH#selection-845.0-851.51
https://archive.today/xYUdX
https://archive.today/erGhz
Paybase is stolen logo
https://www.gopago.com/
https://paybase.com/
Statement from Josh Garza they will push the exchanges past $20
https://web.archive.org/web/20150102220147/https://hashtalk.org/topic/25441/paybase-launch-rescheduled/39
You honestly thought paycoin was legit ?
personally, I don't care. What I do know is that it'll get pumped few times a month.
Josh whole career depends on this and if it fails he'll lose lot of customers. So far I haven't seen many people on hashtalk leave YET. So, I think he'll do everything he can to make it work
and up she goes again.
You honestly thought paycoin was legit ?
pwn'd If it only takes 100k then why is Josh not supporting the $20 wall? Apparently 'private investors and companies' have pushed a ridiculous amount of $ into XPY and this was said to be used to support the market as well as other happenings. This was a bait and switch, my friend. Except this time, you had to go pick your own switch straight off the whipping willow.
because people will start dumping or may be he is accumulating so price can be more stable at $20 with less people selling. It also happened during 31st so lot of people sold at loss so they could claim it on their tax return..I won't be surprised if they come back and price goes back to .04+.
I agree with the FUD causing falls.
But to a merchant it presents the same problem that BTC has, wild price swings.
The send BTC within 15 min or instant swap like Coinbase have addressed this.
This coin was to make all of this unnecessary.
I don't see that happening.
All the money behind it was suppose to stop these wild swings, I don't see that either.
But to a merchant it presents the same problem that BTC has, wild price swings.
The send BTC within 15 min or instant swap like Coinbase have addressed this.
This coin was to make all of this unnecessary.
I don't see that happening.
All the money behind it was suppose to stop these wild swings, I don't see that either.
If it only takes 100k then why is Josh not supporting the $20 wall? Apparently 'private investors and companies' have pushed a ridiculous amount of $ into XPY and this was said to be used to support the market as well as other happenings. This was a bait and switch, my friend. Except this time, you had to go pick your own switch straight off the whipping willow.
To all GAW fans, please think about/answer for yourself these questions.
1)
The purpose of this coin and what makes it different is that it will have a stable price so that merchants accept it.
The price was to be $20 with some fluctuations.
Right now the price is less than $6, more like $5.50, and still falling.
Sounds like it is fluctuating like every other virtual currency.
Do you think merchants will adapt that?
2)
Where are the announcements from the merchants?
All the positive announcements are from GAW/Josh, none from Amazon, Target, Newegg, etc.
The announcement from Amazon is that they are not working with anyone to adapt paycoin.
3)
Why can hashtalk not take legitimate questions and concerns?
I was silent banned for posting the terms and conditions that everyone agreed to.
I did this in response to questions about the guaranteed $20 price and payout rate of the stakers.
The T&C clearly state the value is NOT guaranteed, neither is the rate.
I didn't call anyone names, simply cut and pasted their T&Cs.
4)
A daily return rate guaranteed at 0.972% daily, that is 174% over 6 months, not compounding.
Can you find that anywhere in the real world?
5)
Why can't we resell the very rare hashstakers?
Just so you know I own hashstakers, I mined XPY during POW, I have sold on Cryptsy for 0.0668 BTC.
I believe it is a scam, but early in and early out on a Ponzi and you can make money.
I figured he had to keep it going for at least 6 months, the first round, so that is why I played.
Now I don't think it will make 6 days.
I'm not sour, I did all this while telling everyone I know I was investing in a Ponzi scheme.
The only things that have surprised me so far are:
How fast things are falling apart, I expected months not days.
I expected he would have allowed the sale of hashstaker on his market since he collect 10% per sale.
1)
The purpose of this coin and what makes it different is that it will have a stable price so that merchants accept it.
The price was to be $20 with some fluctuations.
Right now the price is less than $6, more like $5.50, and still falling.
Sounds like it is fluctuating like every other virtual currency.
Do you think merchants will adapt that?
2)
Where are the announcements from the merchants?
All the positive announcements are from GAW/Josh, none from Amazon, Target, Newegg, etc.
The announcement from Amazon is that they are not working with anyone to adapt paycoin.
3)
Why can hashtalk not take legitimate questions and concerns?
I was silent banned for posting the terms and conditions that everyone agreed to.
I did this in response to questions about the guaranteed $20 price and payout rate of the stakers.
The T&C clearly state the value is NOT guaranteed, neither is the rate.
I didn't call anyone names, simply cut and pasted their T&Cs.
4)
A daily return rate guaranteed at 0.972% daily, that is 174% over 6 months, not compounding.
Can you find that anywhere in the real world?
5)
Why can't we resell the very rare hashstakers?
Just so you know I own hashstakers, I mined XPY during POW, I have sold on Cryptsy for 0.0668 BTC.
I believe it is a scam, but early in and early out on a Ponzi and you can make money.
I figured he had to keep it going for at least 6 months, the first round, so that is why I played.
Now I don't think it will make 6 days.
I'm not sour, I did all this while telling everyone I know I was investing in a Ponzi scheme.
The only things that have surprised me so far are:
How fast things are falling apart, I expected months not days.
I expected he would have allowed the sale of hashstaker on his market since he collect 10% per sale.
Oh come on now, I think if Josh Garza turned out to be Jesus Christ himself you'd find a Thread on Bitcointalk saying Jesus cured a blind man!! SCAM!
Being skeptical is good, especially with the prevalence of heists and scams in our ecosystem. Raise your standards and don't follow dangerous people whether they be that jesus guy or Josh.
Notice how you try and make a joke and dodge all the critical and important issues.... really funny , right? There goes their life's savings , their children's college fund, ... hehehhe...
As to the post about the Miami Conference that you linked! surely the grown up thing to do would be to actively attend the conference and talk to the GAW staff yourself I'm sure they will be answering questions so why not ask those difficult question in person rather then avoid the Conference entirely? (smacks of cutting your nose off to spite your face).
No, it is far past that point and Josh has a lot of answering to be done to the community before we give him any bit of respect and show up at the conference. Don't try to pretend that he doesn't have the minute of time to vindicate himself with the question above because he wastes just as much time if not more than his critics on social platforms and his forums spreading propaganda.
Why don't they provide evidence to shut us up and show they weren't fractional reserve mining (running a ponzi)? I would be overjoyed to be proven wrong.
Point 1: why are people investing their life savings in a company less then a year old? Invest what you can afford to loose if you think something has potential (common sense?)
Point 1: Why are people investing their children's college funds in a year old company (these parents clearly have no respect for their children?) Invest what you can afford to loose if you think something has potential (common sense?)
Point 2: Its not showing respect its getting your questions answered by getting of your arse's and getting them answered, and what better place to do that then a Conference where I'm sure they will be taking questions in front of the audience. No of course not, its far easier to type an article or 2 and start a few threads on some forums.
It's easier to eat pizza while writing a few posts about how such & such is scam and how such & such should go down. I think that's not the issue with just crypto but whole country. People don't want to help they want to cry just for the sake of crying.
Point 1: why are people investing their life savings in a company less then a year old? Invest what you can afford to loose if you think something has potential (common sense?)
Point 1: Why are people investing their children's college funds in a year old company (these parents clearly have no respect for their children?) Invest what you can afford to loose if you think something has potential (common sense?)
Point 2: Its not showing respect its getting your questions answered by getting of your arse's and getting them answered, and what better place to do that then a Conference where I'm sure they will be taking questions in front of the audience. No of course not, its far easier to type an article or 2 and start a few threads on some forums.
Point 1: Why are people investing their children's college funds in a year old company (these parents clearly have no respect for their children?) Invest what you can afford to loose if you think something has potential (common sense?)
Point 2: Its not showing respect its getting your questions answered by getting of your arse's and getting them answered, and what better place to do that then a Conference where I'm sure they will be taking questions in front of the audience. No of course not, its far easier to type an article or 2 and start a few threads on some forums.
Now you are blaming the victims ... great.
Disclaimers aren't good enough, people need to raise their standards and conduct business more ethically.
The conference is giving a platform to GAW and josh to pump his scam and I will not prop that up for a chance to hear him avoid the tough questions like he can do so and has done so on the internet in front of a larger audience.
Oh come on now, I think if Josh Garza turned out to be Jesus Christ himself you'd find a Thread on Bitcointalk saying Jesus cured a blind man!! SCAM!
Being skeptical is good, especially with the prevalence of heists and scams in our ecosystem. Raise your standards and don't follow dangerous people whether they be that jesus guy or Josh.
Notice how you try and make a joke and dodge all the critical and important issues.... really funny , right? There goes their life's savings , their children's college fund, ... hehehhe...
As to the post about the Miami Conference that you linked! surely the grown up thing to do would be to actively attend the conference and talk to the GAW staff yourself I'm sure they will be answering questions so why not ask those difficult question in person rather then avoid the Conference entirely? (smacks of cutting your nose off to spite your face).
No, it is far past that point and Josh has a lot of answering to be done to the community before we give him any bit of respect and show up at the conference. Don't try to pretend that he doesn't have the minute of time to vindicate himself with the question above because he wastes just as much time if not more than his critics on social platforms and his forums spreading propaganda.
Why don't they provide evidence to shut us up and show they weren't fractional reserve mining (running a ponzi)? I would be overjoyed to be proven wrong.
Point 1: why are people investing their life savings in a company less then a year old? Invest what you can afford to loose if you think something has potential (common sense?)
Point 1: Why are people investing their children's college funds in a year old company (these parents clearly have no respect for their children?) Invest what you can afford to loose if you think something has potential (common sense?)
Point 2: Its not showing respect its getting your questions answered by getting of your arse's and getting them answered, and what better place to do that then a Conference where I'm sure they will be taking questions in front of the audience. No of course not, its far easier to type an article or 2 and start a few threads on some forums.
Oh come on now, I think if Josh Garza turned out to be Jesus Christ himself you'd find a Thread on Bitcointalk saying Jesus cured a blind man!! SCAM!
Being skeptical is good, especially with the prevalence of heists and scams in our ecosystem. Raise your standards and don't follow dangerous people whether they be that jesus guy or Josh.
Notice how you try and make a joke and dodge all the critical and important issues.... really funny , right? There goes their life's savings , their children's college fund, ... hehehhe...
As to the post about the Miami Conference that you linked! surely the grown up thing to do would be to actively attend the conference and talk to the GAW staff yourself I'm sure they will be answering questions so why not ask those difficult question in person rather then avoid the Conference entirely? (smacks of cutting your nose off to spite your face).
No, it is far past that point and Josh has a lot of answering to be done to the community before we give him any bit of respect and show up at the conference. Don't try to pretend that he doesn't have the minute of time to vindicate himself with the question above because he wastes just as much time if not more than his critics on social platforms and his forums spreading propaganda.
Why don't they provide evidence to shut us up and show they weren't fractional reserve mining (running a ponzi)? I would be overjoyed to be proven wrong.
Trust me I do agree with you on some of these points, I really do.
See how you dodged the central question?
Than you can start by encouraging GAW to provide the evidence and vindicate themselves, instead of cleaning up and hiding the evidence.
This video showing their single Aisle of ASICs purchased from one Bitmain order
jmordica's Mining Statement: http://youtu.be/ZY284WtOd9A
was just removed minutes ago, coincidentally when a critic mentioned it.
Why don't they provide evidence to shut us up and show they weren't fractional reserve mining (running a ponzi)? I would be overjoyed to be proven wrong.
Oh come on now, I think if Josh Garza turned out to be Jesus Christ himself you'd find a Thread on Bitcointalk saying Jesus cured a blind man!! SCAM!
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