Topic: Paycoin (XPY) is scam - page 42. (Read 79581 times)

Correlation does not equal causation. Just because a coin is volatile doesn't mean its a pump and dump. In this case you are likely right though becuase Josh is hyping this coin with all the tools of trade, exaggerated promised, last minute features and promos, all forms of marketing, affiliate promotion and spam.

I'll be happy if you're wrong and I'll be sad/poorer if you are right. But I am glad you finally admitted that a Ponzi can't really go on FOREVER and still be a Ponzi, LOL.

And no, I don't agree about shady business practices.  If you were an actual customer, you'd know that GAW/Josh has basically bent over backwards for his customers. Just because your an outsider looking in, doesn't mean its a scam. 99.99% of the world thinks Bitcoin is a scam. Does that make it true?

Yes, I believe GAW is running on a ponzi scheme. I believe this based upon the evidence and lack thereof. Does this mean I think that paycoin is 100% likely a ponzi? Of course not, that would be an absurd belief.

This really isn't about me or you but about informing others of shady and dangerous business practices.

You seem to need me to set a cutoff date for sake of argument for some reason. Ok, in 4 months if paycoin isn't at or above a 20usd than I will admit that I was overly skeptical and it is less likely to be a ponzi.

Happy?

bat it is increasing.  so this is pump and dump.

Well that's a pretty f**king sweet situation for your argument then. You can basically NEVER be wrong.

"2050, Paycoin is adopted worldwide as the internet currency"

inBitweTrust: "Well, it COULD still be a scam you know"

So what, we wait another 50 years?  Awesome.

So if the ponzi goes on for 200 years and I am screwing over favelle 2314, does that make me unethical?  At some point we have to call this and say ok, its a either a scam or it isn't.

Conversely, what can you do to refute that this is ACTUALLY a ponzi and ACTUALLY a scam?  I've never launched a crypto, let alone one that tries to bridge the gap between FIAT and digital. I have no idea how hard that is. Seeing a bunch of internet randoms create memes and strawmans doesn't make me believe its a scam. GAW to me has delivered WAY more than what it hasn't delivered. Apple iPhone 3 was delayed 2 months...ZOMG, Apple is a scam! WTF?  I have no doubt that the sh*t they are trying to accomplish is beyond my comprehension and hard as f**k. That doesn't mean its a scam. It means its hard.

Did I say you were acting in an unethical way? Where are you reading that?



You seem to be misreading all of my comments.

You understand that there is no coming back in Feb. to see who is right because the ponzi could still be in operation?

What you can do is refute any of my current assertions of sketchy and unethical behaviors coming from GAW.

Sweet, I'll come back in February to this thread and we can see who was right.

But that makes NO sense. If we disagree and I think Paycoin is the future, legitimate, awesome, etc etc, and I make money from it, how does that make me unethical? Just because YOU think its a scam or ponzi or whatever, doesn't mean everyone does. And that's fine. We can disagree upon the merits of a particular coin/investment. But that doesn't make me unethical if I am invested in said coin. I WOULD be unethical if I agreed with you about Paycoin yet STILL tried to make $$ at it.

See the difference?

There is nothing wrong with trading, being greedy or making a profit. What I find objectionable is those that do so within likely scams on the backs of victims. Are you trying to suggest that Bitcoin is a ponzi or just suggesting you don't acknowledge any of the warning signs that paycoin is a likely ponzi?


If you are completely deluded and don't see any warning signs that this is a likely ponzi than you aren't acting in an unethical manner. GAW has shown unethical business practices, and others are choosing to play the market knowing this is a scam which is immoral.


This was already answered in the other thread:

So what is the timeline when we can no longer call this thing a scam?  A month?  3 months?  5 years?  What is it? Or is this like the perma-bulls for BTC where they keep saying "the moon" is just around the corner as the coin devalues by 80% over 6 months?

Sure, I'll elaborate. You cry and cry about ethics and that people who profited from $6 Paycoins are unethical. How so? If I believe in Paycoin and STILL have a stake in the game, how does it make me unethical to buy low and sell high?  Are BTC traders unethical then? What about people that play the BTC/LTC ratio? They must be unethical as well, no?

I didn't pump and dump the coin...I didn't tell people to sell it because it sucks, then quickly buy their cheap coins, then tell them its the best so I could sell them back higher. THAT is unethical. I am invested in Paycoin. I took some out which happened to be my original investment plus 2.4x. I STILL have $29K Canadian invested into Paycoin, either in the coin itself or in stakers. So I ask you again, HOW is that unethical if I am STILL invested in it?

Should be interesting.....next thing you know, I'll be called a scam and renamed to Ponzi75.  LOL, this place.

Hardly, how much we have in common but just recognizing a good deed wen I see one.


Bad advice. Value increasing should not be a factor in determining if something is a likely scam or not.

Yes, I know you are probably trolling...but misrepresenting peoples objections can confuse would be investors.

it is going up?  yes it is scam, don't buy.

He just registered on the forum and what was the first thing he did? He went to the altcoin section to attack the CEO of a particular company and 5 minutes later you're commenting on how much you both have in common. Give me a break...

Not completely, there are still people like you and me who donate our time and warn others for free of scams even when they involve BTC.

It is a long con, really horrible to see some blindly get burned beleiving these exciting stories, and everyone else not on hashtalk is a 'jelly hater'
these men seem like cunning grifters
I suspect gaw ceo, the who look like macklemore with cerebral palsy who have a daring taste in vests
is just the mouthpiece puppet of a bigger player pulling the strings in the background, his writings sound like IQ is no more than 85
he could be ethical, instead he build his empire on deceit and lies. when will the house of cards come tumbling down. anyway soon everyone will move onto next scam.  crypto world has gone down to shit

This is how a fake ICO works:

The foot soldiers commit to buying a certain amount the coin during the ICO. The leaders get 100% of the BTC generated from the ICO back, and refund the foot soldiers what they bought, without taking back the coins involved. This means the soldiers can sell these coins later at any price above 1 satoshi – and it is all pure profit, since they got their original BTC back already.

Of course fig leafs are needed for such a play. Large chunks of ICO are set aside for “marketing” and “development”. Conveniently, it is the ICO leaders who control these addresses.

One would think this sort of thing would eventually boomerang back on the leaders. And usually it does. But only for awhile. Because after the fud subsides, the only people left in the coin are those who are “investors”  and “believers”. And for very different reasons, these stakeholders have no interest in seeing truth emerge.

Investors don’t want to demand truth and accountability. That would tank the price forever and they would never be able to realize any gain, or even get out alive.

The believers are a species unto themselves. They develop a cult like devotion to the coin and its supposed technology, blocking out all reasonable outside voices. They cultivate a devotion to the leader of the coin – usually the dev – and join with him in his messianic complex,  which is defined roughly like this: CoinX is going to change the world, and the world doesn’t want that to happen. Paid forces are out to get the leader, and we must circle around him.

If it all gets too much, the leaders of the coin just remove it from the public eye. They retreat to a private forum or bb, where only the voices of the leader and followers can be heard. 

Might be better to speak in your native language and than we will translate.