Lmfao, look what the cat dragged in, Evilpanda and Buttgeek!!! New name = EvilButt
Failed, yes.. VERY MUCH.
evilpanda + bitgeek + paycoin = much fail
Topic: Why Paycoin (XPY) Failed - page 2. (Read 7698 times)
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So are we going further down ? is it sell buy on this downfall ? or is there any hope for a new updtrend ?
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The price has jumped again. This could be a good time to get out.
The only thing keeping this coin afloat right now is the hashtalk people who will not accept the coin's failure. Once they run out of money the price will plummet more.
They don't even need to run out of money. The currency was designed to be hyperinflation thus will destroy itself regardless. Prime controllers are staking at over 3000% compound interest per anum.
$4 quadrillion @ $20 per -
The only thing keeping this coin afloat right now is the hashtalk people who will not accept the coin's failure. Once they run out of money the price will plummet more.
They don't even need to run out of money. The currency was designed to be hyperinflationary, thus will destroy itself regardless. Prime controllers are staking at over 3000% compound interest per anum.
If it survives until the first hashstakers mature in 3 months, than all hell is going to break lose when those coins hit the market.
Im not ready to give up on it yet but then again it could be wishful thinking. I maybe gambled $200-300 total in it. I know some people who pumped Thousands! into this
It IS wishful thinking. Very soon you would be wishing you would have sold now.
The current price itself is bloated. All those thinking it has failed hasn't seen the epic sinking its going to engage in.
The only thing keeping this coin afloat right now is the hashtalk people who will not accept the coin's failure. Once they run out of money the price will plummet more.
Im not ready to give up on it yet but then again it could be wishful thinking. I maybe gambled $200-300 total in it. I know some people who pumped Thousands! into this
It IS wishful thinking. Very soon you would be wishing you would have sold now.
The current price itself is bloated. All those thinking it has failed hasn't seen the epic sinking its going to engage in.
I admit it's not looking particularly good at the moment but it's a bit premature to say that it has already failed. The market cap is still hovering just above that of Litecoin.
check again 
Im not ready to give up on it yet but then again it could be wishful thinking. I maybe gambled $200-300 total in it. I know some people who pumped Thousands! into this
Ok, so I admit... I didn't invest and have just been lurking as it all goes on...
But they use logos of companies that don't know anything about them... and rip off their own corporate logo from someplace else. And no one gets suspicious at the start? I guess that's not true - lots are suspicious but many more still try it anyway.
Is there still no clearing house where a new coin can prove it isn't a scam to someone? Like a BBB model where the coin provides all of their info, documents, etc to a real third party for evaluation and stamp of "probably not a huge scam"?
I've been playing crypto for a little over a year and have lost less than $600. I think at this point... thats something to celebrate!
But they use logos of companies that don't know anything about them... and rip off their own corporate logo from someplace else. And no one gets suspicious at the start? I guess that's not true - lots are suspicious but many more still try it anyway.
Is there still no clearing house where a new coin can prove it isn't a scam to someone? Like a BBB model where the coin provides all of their info, documents, etc to a real third party for evaluation and stamp of "probably not a huge scam"?
I've been playing crypto for a little over a year and have lost less than $600. I think at this point... thats something to celebrate!
Is it true that they were claiming they had partnerships with Walmart & Amazon?
They said that soon you would be able to use your pay coins at walmart and amazon. They put walmart, target, and amazon's logos on their website.Oh ... lol
*grunt* this "community"
Oh, also their logo for PayCoin is a registered logo of PaGo, a Point of Sale (POS) company.
This one? Looks like they are in similar business. Maybe they are related or have been bought?
http://www.bizjournals.com/seattle/blog/techflash/2013/12/amazon-reportedly-eying-gopago.html
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Oh, also their logo for PayCoin is a registered logo of PaGo, a Point of Sale (POS) company.
What I am unable to comprehend is how they were able to raise ... what I read was ... 50,000,000. That's 3X Ethereum ...
Has anyone seen audited financial statements or any indication that proves it?
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Oh, also their logo for PayCoin is a registered logo of PaGo, a Point of Sale (POS) company.
What I am unable to comprehend is how they were able to raise ... what I read was ... 50,000,000. That's 3X Ethereum ...
Is it true that they were claiming they had partnerships with Walmart & Amazon?
They said that soon you would be able to use your pay coins at walmart and amazon. They put walmart, target, and amazon's logos on their website.Oh ... lol
*grunt* this "community"
Oh, also their logo for PayCoin is a registered logo of PaGo, a Point of Sale (POS) company.
Is it true that they were claiming they had partnerships with Walmart & Amazon?
They said that soon you would be able to use your pay coins at walmart and amazon. They put walmart, target, and amazon's logos on their website.Oh ... lol
*grunt* this "community"
Is it true that they were claiming they had partnerships with Walmart & Amazon?
They said that soon you would be able to use your pay coins at walmart and amazon. They put walmart, target, and amazon's logos on their website.
Is it true that they were claiming they had partnerships with Walmart & Amazon?
I am finding that when you see these massive amount of threads against something that it really is a good indicator of what NOT to do. Take Nubits for example, it only ever got good publicity and people were like "Wow, this is really cool"
I don't really invest in ICO's and launches, I bought a bit of VocalCoin for $80 and had the Dev run away on it but it actually looked pretty decent so I don't know why. Why does everyone insist on jumping legs first into every Coin launch? You have a huge potential of seeing serious issues in the code or it's rewards very early on in the life of a Blockchain.
I actually like nubitsI don't really invest in ICO's and launches, I bought a bit of VocalCoin for $80 and had the Dev run away on it but it actually looked pretty decent so I don't know why. Why does everyone insist on jumping legs first into every Coin launch? You have a huge potential of seeing serious issues in the code or it's rewards very early on in the life of a Blockchain.
I do too, I think we have reached the point where people will now insist on everything being a scam right off the bat. Its sad really.
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