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Topic: Paycoin (XPY) is scam - page 4. (Read 79551 times)

hero member
Activity: 658
Merit: 501
April 04, 2015, 08:46:42 AM
Mineral appears as a clone of sorts, a re-branding of Coin-Swap to benefit Garza.

http://de.reddit.com/r/Bitcoin/comments/31902o/just_a_quick_update_on_mineral_garzapaycoin/

Paybase shutdown - Another Beautifully Sketchy Cryptocurrency Company Blows Up

http://motherboard.vice.com/read/paybase-shuts-down


Whole SEC Document

https://www.scribd.com/doc/260708659/Securities-and-Exchange-Commission-Subpoena-of-GAW-Miners


Quote
"This guy is a complete cancer for cryptocurrency ."

No premine, we'll mine for our coins just like everyone else" - lie
Hashlets will "Never expire and always be profitable" - lie
Valutbreakers - lie
Prime Hashlets will be able to mine SHA-256 - lie
Prime Hashlets will be the only ones mining XPY PoW phase - lie
HashBase - lie
AmpStore is coming soon - lie
Hybrid-thermal-rubber-rabbit-flux-chain BTC2 capabilities - lie
Orion nodes with higher payouts - lie
Paybase debit card - lie
Paybase Amazon, WallMart and co - lie
Paybase BillPay - lie
Paybase thousands of merchants on board - lie
XPY $20 floor - lie
World leading coin development team hired - lie
CAF (Coin Adoption Fund) - lie
$100 Million Fiat reserve - lie
We're moving the market - lie
GAW "bought" BTC.com for $1 Million dollar - lie
GAW bought ZenCloud for $8 Million dollar - lie
We'll destroy all the test coins once we've finished debugging - lie
premier accounts on paybase will go out in a week - lie
hundreds of coinstand invites are going out in the next few hours - lie
Honor program will buy back coins at 20$ - lie
Prime Hashlets will no longer be sold after a certain date - lie
Paybase is here to stay - lie
Thousands of coinstand invites are going out this week - lie
GAW is not dumping any XPY on exchanges - lie
Remember Legendarys limited to 500 - LIE
Vegas Legendarys only given to those attending Vegas - LIE
Vegas Legendarys will be the rarest of Legendarys - LIE
Holloween legendarys will be able to combine into something special - LIE
Staker Legendarys will only be limited to 100 - LIE
all Legendarys converted to Stakers will keep their Legendary status - LIE
all legendarys converted to Stakers will get extra abilities - LIE
Coinstand is a large merchant that will value paycoin at $20 - LIE
legendary
Activity: 882
Merit: 1024
April 02, 2015, 03:59:48 PM
Best not to be a part of forums in which you can't trust and share your personal information with unknown entities.
hero member
Activity: 658
Merit: 501
April 02, 2015, 11:26:17 AM
hero member
Activity: 658
Merit: 501
March 31, 2015, 09:28:42 PM
Meanwhile, in Paycoin Paradise:


Amazingly, there are still pretty thick Buy Bids going up on Cryptsy. And it isn't Day Traders for the most part , either. Most of the dump purchases clearly do not get relisted at 5-10% above the dump purchase price to catch the next pump upswing, they are just being held after purchase. Completely nuts.

No joke, the fix to their Blockchain sync problems is like 5 lines of code and would take about 20 minutes but the real problem is that these issues have been present since launch and still unresolved. The new features etc. are easy to add and basically cost nothing but all focus has been on everything outside of the Blockchain when the focus should be on the core, but hey don't take my word for it, it's not like I could make something better spending less than $500 and a little help from some great people... Roll Eyes
legendary
Activity: 1344
Merit: 1000
March 31, 2015, 10:12:43 AM
Looks like xpy has stopped dropping
Hopefully it will be a new start for xpy.
legendary
Activity: 868
Merit: 1058
Creator of Nexus http://nexus.io
March 31, 2015, 09:54:12 AM
The code never lies  Wink
hero member
Activity: 658
Merit: 501
March 31, 2015, 05:08:15 AM
Reviewing the source code of Paycoin2

https://vancefox.wordpress.com/2015/03/30/paycoin-xpy/

hero member
Activity: 854
Merit: 1001
March 31, 2015, 04:18:35 AM
^
Much LOL  Cheesy
legendary
Activity: 994
Merit: 1035
March 30, 2015, 10:03:10 PM
Is XPY the ripple thingy?  I thought that Ripple wasn't even a crypto, by standard definition anyway.

Ripple currency is XRP, paycoin is XPY. Both should be avoided but for different reasons.
sed
hero member
Activity: 532
Merit: 500
March 30, 2015, 09:58:38 PM
why does this coin still have value???

Is XPY the ripple thingy?  I thought that Ripple wasn't even a crypto, by standard definition anyway.
legendary
Activity: 868
Merit: 1058
Creator of Nexus http://nexus.io
March 30, 2015, 09:38:18 PM
A massive market squeeze and mindless following.

Thank You,
Viz.
hero member
Activity: 1568
Merit: 507
March 30, 2015, 11:33:37 AM
why does this coin still have value???
full member
Activity: 210
Merit: 100
March 29, 2015, 01:15:19 PM
hero member
Activity: 658
Merit: 501
March 29, 2015, 01:09:06 PM
legendary
Activity: 882
Merit: 1024
March 28, 2015, 09:58:20 AM
Paybase blog down:

https://ghost.org/suspended/

Josh says that paybase is being shutdown and to withdraw your XPY and BTC but many still cannot process withdrawls :

https://hashtalk.org/topic/35166/paybase-market/2

Is this a delay tactic to prevent some of the XPY from being sold and BTC from being withdrawn?

If you finally do manage to withdraw your XPY do not store any of it in a GAW exchange or online bank. Store it locally or in a thrid party exchange. There have been to many mistakes, bugs, and security breaches over the last 3 months for them to have any credibility in securing your coins. Better yet, sell your XPY now or during the next pump (which looks like now to be honest)

I have heard that their wallet is also broken so that may not be an option to withdraw it locally.
hero member
Activity: 658
Merit: 501
March 28, 2015, 08:58:54 AM
Paybase blog down:

https://ghost.org/suspended/

Josh says that paybase is being shutdown and to withdraw your XPY and BTC but many still cannot process withdrawls :

https://hashtalk.org/topic/35166/paybase-market/2

Is this a delay tactic to prevent some of the XPY from being sold and BTC from being withdrawn?

If you finally do manage to withdraw your XPY do not store any of it in a GAW exchange or online bank. Store it locally or in a thrid party exchange. There have been to many mistakes, bugs, and security breaches over the last 3 months for them to have any credibility in securing your coins. Better yet, sell your XPY now or during the next pump (which looks like now to be honest)
hero member
Activity: 658
Merit: 501
March 27, 2015, 04:51:01 PM
https://www.cryptocoinsnews.com/josh-garza-releases-a-hit-list-of-media-outlets/

Rather than baking up his claims with evidence and becoming more transparent or using his lawyers to send a cease and desist notice as he claimed he would fund he would be doing he begs the few followers left to attack the media. I suppose the first one could expose more lies and the 2nd option costs real money and he rather not let a team of lawyers steal money he worked really hard to con people out of.

 Pathetic.
newbie
Activity: 32
Merit: 0
March 27, 2015, 03:39:01 PM
Cryptobubble=paycoin.
hero member
Activity: 658
Merit: 501
March 27, 2015, 02:25:58 PM
Some people were briefly able to make deposits and withdrawls at paybase and zencloud... now it appears down again-

https://hashtalk.org/topic/35126/sell-orders-and-buy-orders-disabled-on-paybase/2

Extremely unstable development. All paycoin users advised to store their XPY themselves but even the QT wallet is unstable -
https://hashtalk.org/topic/34858

Freighting to say this but one of the most secure location to store your paycoin may be in outside exchange wallets like cryptsy which just seems so wrong to suggest...



Moderators, admins and devs from paycoin now make plans to send poo to us illegally.

Hopefully they are joking but awfully immature when they should be focusing on their "stability" problems with their code.
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