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Topic: Paycoin (XPY) is scam - page 8. (Read 79551 times)

sr. member
Activity: 326
Merit: 250
King of all the land
March 18, 2015, 04:52:56 PM
lol seriously...no one is just gonna hand you $20 for something that was worth $0.50 just moments before. It defies all economic sense.
hero member
Activity: 658
Merit: 501
March 18, 2015, 04:33:30 PM
It must be hard for you that you have been so wrong, thats maybe the reason why you close your eyes from reality.

I will be proven wrong when 100 million dollars worth of product sells for 20 dollars an XPY. Until than I am skeptical but recommend all GAW victims that get invited (how many... who knows?) buy to the 1k limit as soon as possible before this thing gets shutdown for a possible opportunity in recovering a small percentage of their losses. Anyone else is advised to stay on the sidelines as Josh and this company has a history of dishonesty.  

From the look of your history it looks as if we shouldn't trust you either.
sr. member
Activity: 434
Merit: 250
March 18, 2015, 03:48:41 PM

This is very dangerous... and is either a short term and very limited release(invite only) to bolster price before the market is flooded with coins due to the mature hashtakers or just an outright scam where nothing will be shipped.
...

It must be hard for you that you have been so wrong, thats maybe the reason why you close your eyes from reality.

sr. member
Activity: 434
Merit: 250
full member
Activity: 235
Merit: 250
March 18, 2015, 03:03:27 AM
There was no market, only manipulation. Money pushed it, money dumped on it and exited
full member
Activity: 197
Merit: 100
March 17, 2015, 11:25:38 PM
Just stay away from those coins. You can not control what people will or will not do.
hero member
Activity: 658
Merit: 501
March 17, 2015, 10:33:11 PM
Paycoin is reaching new low averages and within a few days the market is going to be flooded with coins locked up in the 3 month hashstakers.

legendary
Activity: 3654
Merit: 8909
https://bpip.org
March 11, 2015, 10:57:09 PM
damn Josh Garzas account @gawceo removed from twitter. Was hoping he will tweet some prison selfies  Cheesy

What are you talking about? It's still there, with last tweet made on March 5th.
https://twitter.com/gawceo

It was gone for a day or so. Also had a "RIP HT" tweet, now removed.
full member
Activity: 153
Merit: 100
March 11, 2015, 07:46:35 PM
Don't invest money unless you understand what the coin has to offer and stay updated on the development of the coin.
member
Activity: 68
Merit: 10
newbie
Activity: 13
Merit: 0
hero member
Activity: 658
Merit: 501
March 10, 2015, 10:39:15 AM
You cannot have a centrally controlled currency like DGC, digicash, libertydollar, liberty reserve, paycoin, ziftr, ect.. without the legal arm of the state shutting everything down and seizing everything.

What the funk does DGC have to do with the rest of those?!? Digicash, paycoin, etc??!  Huh

Context is important ... I'm not talking about the alt called "digitalcoin"...if that is what you are referring to.... no one cares about that alt.

Digital gold currency (or DGC) is a form of electronic money based on ounces of gold. It is a kind of representative money, like a US paper gold certificate at the time (from 1873 to 1933) that these were exchangeable for gold on demand.

https://en.wikipedia.org/wiki/Digital_gold_currency

There are varying different types of digital currencies, some are more centralized than others. All these digital currencies have a unique history and characteristics. Anybody investing in paycoin should have looked at the long and sordid history of examples of failed digital currencies and noticed that centralization and a company backed private currency is extremely risky and almost guaranteed to fail for multiple reasons. Yes, paycoin is likely a scam based upon a bunch of lies and false promises.... but even if it wasn't it cannot possibly succeed based upon its vulnerability as being a centralized private currency.

This should have been one warning sign , amongst many discussed here, that people should have avoided this toxic asset.
hero member
Activity: 553
Merit: 500
Solo Miner Legend
March 10, 2015, 10:04:56 AM
You cannot have a centrally controlled currency like DGC, digicash, libertydollar, liberty reserve, paycoin, ziftr, ect.. without the legal arm of the state shutting everything down and seizing everything.

What the funk does DGC have to do with the rest of those?!? Digicash, paycoin, etc??!  Huh
legendary
Activity: 1890
Merit: 1085
Degenerate Crypto Gambler
March 09, 2015, 04:45:12 AM
damn Josh Garzas account @gawceo removed from twitter. Was hoping he will tweet some prison selfies  Cheesy
sr. member
Activity: 560
Merit: 273
March 09, 2015, 04:32:30 AM
Nothing at this point can help PayCoin survive. Even with huge these spikes, the price is still  less than 1/10 of the initial price for investors, PayCoin foundation is just a cover and with Homero gone PayCoin is done.

Unfortunately, I agree. Maybe it's better that way ..
Even though the idea may have some good points, poor performance, a lot of disappointment and false promises led them to this point.
legendary
Activity: 1288
Merit: 1000
March 08, 2015, 07:48:12 PM
Nothing at this point can help PayCoin survive. Even with huge these spikes, the price is still  less than 1/10 of the initial price for investors, PayCoin foundation is just a cover and with Homero gone PayCoin is done.
sr. member
Activity: 560
Merit: 273
March 08, 2015, 06:53:31 PM
Good article on current status of Paycoin
http://www.coinssource.com/paycoins-suffers-controversy/

quote of the day:
"At this point, it wouldn’t be too unreasonable for all the failed promises to simply be chalked up to another scheme of dishonesty, which has left its unfortunate believers with wallets that are much, much lighter."
full member
Activity: 206
Merit: 100
March 08, 2015, 06:25:35 PM
Oh well, lesson learned. Don't buy into all the hype.
hero member
Activity: 658
Merit: 501
March 08, 2015, 10:53:02 AM
Just to remind people of just a few of those promises, so they don't think it was "mere incompetence" that caused all of this, here's a quick list:

Hashlets will "Never expire and always be profitable" - 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
Paybase debit card - lie
Paybase Amazon, Target, 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 dollars - lie
GAW bought ZenCloud for $8 Million dollars - lie - in fact, this is the lie that shows it's been nothing but a scam since the very beginning.

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
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