Paycoin failed because despite the poor attempt at a white paper, with all the innovations it should have had based on thay paper in reality it was a clone of peercoin with just branding changes and clone coin development. A.ka. Premine. Nothing with orions and centrally controlled pow miners. It just became a pure pos coin.
It was all lies by Josh and GAW Miners. They hyped it up with features they didn't put in and got sheep to believe then and discredit anyone who looked at the code as a troll.
They have no competent economists. I can't believe that there was no one at GAW that was smart enough to think that if you open a free market that people would sell those coins. Did they think that everyone would just hold xpy forever and only buy more?
Maybe josh should have finished high school. At least took a basic math course.
Topic: Why Paycoin (XPY) Failed (Read 7698 times)
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Paycoin did not fail.
Its turned out to be a very successful ponzi scheme. Maybe the best one we've seen in this space.
Gawd only knows how many million they raked in.
Its turned out to be a very successful ponzi scheme. Maybe the best one we've seen in this space.
Gawd only knows how many million they raked in.
Why is the word Ponzi thrown around so loosely?
You could explain that relationship can have if it is a ponzi scheme, having closed sales page Gawminers ...? makes little sense if it is a ponzi not .... Tell me please.
GAW doesn't accept Paycoins as payment. If the company that made pay coin, doesn't accept it, then its obviously bad.
I don't believe paycoin has failed, sudden dumps are always followed by pumps, it happens all the time. There are still issues with paybase but once you can pay paycoin to amazon via a paybase exchange rate, it will give the opportunity for people to cash out there virtual currency without fees or trying to sell on localbitcoins etc. In theory it is still a good idea.
So exactly what is in it for Amazon to take a worthless piece of shit scamcoin?
Nothing at all, that is not how it works, you pay paybase XPY, they convert it to $ at the current exchange rate and that is paid to amazon.
new forum going up to track issues:
Paycoin , doesn't accept paycoin:
https://hashtalk.org/topic/27947/inventory-package-discounts/2
Paycoin , doesn't accept paycoin:
https://hashtalk.org/topic/27947/inventory-package-discounts/2
That moment when you realize idiots are allowed to access the internet too.
Shillin' since been shillin' since been shillin' . . .
No respect at all, at least be more professional and buy accounts to shill. Scammers these days are not even trying, shilling using noob accounts.
Especially with all of the money they have made with PayCoin
Shillin' since been shillin' since been shillin' . . .
No respect at all, at least be more professional and buy accounts to shill. Scammers these days are not even trying, shilling using noob accounts.
I don't believe paycoin has failed, sudden dumps are always followed by pumps, it happens all the time. There are still issues with paybase but once you can pay paycoin to amazon via a paybase exchange rate, it will give the opportunity for people to cash out there virtual currency without fees or trying to sell on localbitcoins etc. In theory it is still a good idea.
So exactly what is in it for Amazon to take a worthless piece of shit scamcoin?
Nothing at all, that is not how it works, you pay paybase XPY, they convert it to $ at the current exchange rate and that is paid to amazon.
What's the point of that? Why would people go through all that hassle rather than directly paying Amazon with fiat?
Because you can dispose of alt-currency to real products, rather than from XPY to BTC to $ to Amazon.
But why buy paycoin to begin with?
I don't believe paycoin has failed, sudden dumps are always followed by pumps, it happens all the time. There are still issues with paybase but once you can pay paycoin to amazon via a paybase exchange rate, it will give the opportunity for people to cash out there virtual currency without fees or trying to sell on localbitcoins etc. In theory it is still a good idea.
So exactly what is in it for Amazon to take a worthless piece of shit scamcoin?
Nothing at all, that is not how it works, you pay paybase XPY, they convert it to $ at the current exchange rate and that is paid to amazon.
What's the point of that? Why would people go through all that hassle rather than directly paying Amazon with fiat?
Because you can dispose of alt-currency to real products, rather than from XPY to BTC to $ to Amazon.
I don't believe paycoin has failed, sudden dumps are always followed by pumps, it happens all the time. There are still issues with paybase but once you can pay paycoin to amazon via a paybase exchange rate, it will give the opportunity for people to cash out there virtual currency without fees or trying to sell on localbitcoins etc. In theory it is still a good idea.
So exactly what is in it for Amazon to take a worthless piece of shit scamcoin?
Nothing at all, that is not how it works, you pay paybase XPY, they convert it to $ at the current exchange rate and that is paid to amazon.
What's the point of that? Why would people go through all that hassle rather than directly paying Amazon with fiat?
I don't believe paycoin has failed, sudden dumps are always followed by pumps, it happens all the time. There are still issues with paybase but once you can pay paycoin to amazon via a paybase exchange rate, it will give the opportunity for people to cash out there virtual currency without fees or trying to sell on localbitcoins etc. In theory it is still a good idea.
So exactly what is in it for Amazon to take a worthless piece of shit scamcoin?
Nothing at all, that is not how it works, you pay paybase XPY, they convert it to $ at the current exchange rate and that is paid to amazon.
LOL have fun with that fuckery.
I don't believe paycoin has failed, sudden dumps are always followed by pumps, it happens all the time. There are still issues with paybase but once you can pay paycoin to amazon via a paybase exchange rate, it will give the opportunity for people to cash out there virtual currency without fees or trying to sell on localbitcoins etc. In theory it is still a good idea.
So exactly what is in it for Amazon to take a worthless piece of shit scamcoin?
Nothing at all, that is not how it works, you pay paybase XPY, they convert it to $ at the current exchange rate and that is paid to amazon.
I don't believe paycoin has failed, sudden dumps are always followed by pumps, it happens all the time. There are still issues with paybase but once you can pay paycoin to amazon via a paybase exchange rate, it will give the opportunity for people to cash out there virtual currency without fees or trying to sell on localbitcoins etc. In theory it is still a good idea.
So exactly what is in it for Amazon to take a worthless piece of shit scamcoin?
Shillin' since been shillin' since been shillin' . . .
I think alot of the hate comes from the sudden success it had on launch; I think they should have finished dev of the more important features before launch but you need real world testers to do so, so it can be a catch 22. Even as a modified peercoin clone it has better potential than litecoin and I think it is way too early to count it out.
In every failure there's a success. I bought XPY in all my life and I will trust in this coin. "Haters gonna Hate"
I don't believe paycoin has failed, sudden dumps are always followed by pumps, it happens all the time. There are still issues with paybase but once you can pay paycoin to amazon via a paybase exchange rate, it will give the opportunity for people to cash out there virtual currency without fees or trying to sell on localbitcoins etc. In theory it is still a good idea.
Have you guys heard of PayCon?
https://bitcointalksearch.org/topic/anncon-paycon-x13-powpos-now-on-c-cex-pow-pos-phase-get-your-con-on-912034
They seem very trust worthy
I've already invested 20x my initial investment in Paycoin! Much better coin, this Paycon, in my honest opinion! https://bitcointalksearch.org/topic/anncon-paycon-x13-powpos-now-on-c-cex-pow-pos-phase-get-your-con-on-912034
They seem very trust worthy
Have you guys heard of PayCon?
https://bitcointalksearch.org/topic/anncon-paycon-x13-powpos-now-on-c-cex-pow-pos-phase-get-your-con-on-912034
They seem very trust worthy
https://bitcointalksearch.org/topic/anncon-paycon-x13-powpos-now-on-c-cex-pow-pos-phase-get-your-con-on-912034
They seem very trust worthy
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