Bitcoin Forum

surprisingly nobody seems to be talking about this here.. there is a new coin since 36 hours.. let's talk here only about the mineable coin itself.. paycoin and gaw is a topic itself ( https://bitcointalk.org/index.php?topic=857670 ) so let's collect the facts:


Name   Paycoin
Symbol / Tag   XPY
Website   https://paycoin.com/
Github / Source Code   https://github.com/GAWMiners/paycoin
Forum   https://hashtalk.org/
Client Version   v0.1.2.0-ge3c013c
Get Info RPC
Version: v0.1.2.10-ge3c013c
Protocol Version: 60004
Wallet Version: 60000
Hash Algorithm   SHA-256
Proof-of-Work Scheme   Proof-of-Work/Proof-of-Stake
Coins to be Issued   12,500,000
Block Time   1.00 minute(s)
Block Reward   49.00 coins
Difficulty Retarget   1 blocks

• not to be confused with [PYC] Paycoin, https://bitcointalk.org/index.php?topic=268941.0
• Pre-Mine 12,000,000  = 96% ( https://hashtalk.org/topic/22975/initial-paycoins-of-12m )
• gigantic ponzi-scheme.. but if you get in early enough, you can probably profit
• first coins were sold to private investors for 8 USD
• actual price is around 10 USD ( https://coin-swap.net/market/XPY/BTC )
• coins will be publicly sold on paycoin.com for 20 USD
• market cap would be #3 , just behind bitcoin and ripple
• mining went crazy the last 36 hours, on nicehash hashrate costs 10x value of btc mining.. we are at 40 PHash now...

so do you think it's worth participating?

they won't.
they have thier own forum https://hashtalk.org/ , where they delete unwanted posts...

I didn't get in early, so I'm not getting in now.

Unofficial Discussion could be added to thread title... as for XPY?  I think it's just down-right fucked up they used Paycoin when a Paycoin has existed since like Aug of 2013

I just hope it stays at $20 long enough for me to dump what I have. 

The difficulty on this is super erratic and not matching up much with the hashpower directed at it.. Anybody have any ideas what's going on with that?

Difficulty retargeting is each block, when a block is solved fast due to high luck the diff goes way up, this is what cause the huge swings in difficulty.

Their forum is moderated, just like any real forum should be. Your announcement is in fact biased, because of this:
"gigantic ponzi-scheme.. but if you get in early enough, you can probably profit"

This is your personal opinion not a fact aboult XPY, so this has nothing to do with an actual [ANN].


Exactly!

all i know is i was on their "official" pool with several ths and got no coins. so fuck gaw and their stupid ass coin.

It seem that a payout bug occured, they're reconciling the payout manually and it should take some time, contact GAW support if you didn't received yours.

understood, my issue is the difficulty seems persistently too LOW.

why do i get loads of HW errors and rejects when using sgminer and   "algorithm" : "psw",


cheers

I think this algorithm(s) are for scrypt. Use cgminer.

New Pool Created  PayCoin XPY  @ http://www.raq2.com

Point your miner to stratum+tcp://raq2.com:8015  and use your XPY coin wallet address as your username, any password will do.
 
NO FEES 0%

Thanks that works better but i have no accepts ,,,, is that just because there is high network Gh/s

New pool

www.gameofcoins.ca

Share the hash!

https://xpy.suprnova.cc added too, spread some over :)

Good, because I feel that minerpools was raped. ;D Several monsters are mining over there. ;D

My Twitter Inbox was exploding with requests this morning, could not make it any earlier, sorry !

You are very late on this one.
I will direct some of my rented power to your pool anyway :-).

Thanks !

Better late than never ;-)

*** Just launched ***

You can now sell/buy/trade Paycoin on:     https://bleutrade.com/home/2996 (https://bleutrade.com/home/2996)

http://bleutrade.com/exchange/XPY/BTC (http://bleutrade.com/exchange/XPY/BTC)

moving my hashpower to your pool
one of my favorite pool

woohoo was waiting for a suprnova pool to pop up. Will rent some hash and point it over

All SHA-256 coin are shits ,except bitcoin.Fuck off!! ;D ;D ;D

Please spread some hash to http://xpy.altpooler.com, 1% fee with 0.1 XPY block finder bonus.

no matter coin is shit or fuck

as long as mining it got profit then run it mate :D

Wish I had seen this coin early on seems a good coin to make some coin on and would of been really good at start date seems lots of miners on it right now even making 10 to 15 coin a day much more BTC income.

Is there an exchange for this coin yet?

It's on Bleutrade and Coin-Swap.  Also on Poloniex as well *EDIT

Also on C-cex!

Lot of people hopping on to this coin. Looking forward to see what the future holds for this coin. Tempted to sell out been as tho people are dumping might well dump now buy back in just after people stopped dumping their loads off. Biggest miners I seen on this pumping over 1PH of power is fucking insane amounts and earning some serious coin per day. With I had power like that.

GAW seems to have planted a rumor that they will "support" the price at $20. But it's around $6 now based on the price at CoinSwap.

This thing has terminology like a pyramid scheme, with "prime controllers" and "3 month hash stakers". The 3-month lock-in just screams "Ponzi scheme".

Is there at least one pool with zero fee?  ::) Actually I doubt in it, but who knows?..

Only 1 % on suprnova...  and 0,5% on coin-miners AFAIK

https://bitcointalk.org/index.php?topic=268941.0
DEV? >:(

There is no dev in here and this is other coin.

HashFaster's Paycoin pool is open for businesss.


https://paycoin.hashfaster.com
1% PPLNS Payouts
DDoS Protected
SSL Secured


Come check us out.  We've been running large pools since early 2013!

Thanks
ZC

no, nothing but stale shares, that pool is not worth mining with

Join coinminers 1% fee http://xpy.coin-miners.info/ multiple stratum ports opened ;)

Cryptsy recently added this coin as well ;)

I am already in and out of XPY.  Took some profits.  Good luck with this one.  Nobody knows why we need another coin for payments when all of the coins we have are currently perfectly acceptable.

A coin for the People?  GAWminer Bitcoin oligarchs gave 3% scraps for PoW and pre-mine the other 97%.  We should all bow before King Garza for giving the people some coins to mine.

But if it's profitable to mine it - keep mining !

Yep these are all the exchanges at the moment
https://coin-swap.net/market/XPY/BTC
https://bleutrade.com/exchange/XPY/BTC
https://c-cex.com/?p=xpy-btc
https://bittrex.com/Market/?MarketName=BTC-XPY
https://www.cryptsy.com/markets/view/XPY_BTC
https://betasharex.com/trade/XPY/BTC

Paycoin Pow Ends in 20 hours  ;)

Mining over shortly will be interesting to see how the stake is generated and how much is going to be made on it and when the price is going to go up on it. I do detect a smell somewhere on this but mehh am all game if it brings some profit towards the filed of BTC

So maybe I'm just not getting it.... They premined 12 million of 12.5 million coins so they own almost all of them.  Tons of folks are mining the hell out of this coin right now.  As of my post 317,814 coins mined. So there's 182,000 coins left..... What then?  With no miners to validate transactions because there's no mining reward what will they do?  Will GAW pony up the $$ to run "Miners" to process the transactions?  Or is that what their deal is with the HashStalkers or whatever their selling?  Those units stay online and GAW pays them directly from their endless stash of XPY thus they are able to completely manipulate the market ?  Sounds uber shady.... but genius in a devious sh*** way..... If that is indeed the case.  Now the question is do we mine and dump or mine and hold for a bit..... Hmmm....

 :o  the price shock me !! pre-mine 12million

One last point.... ANY Coin that actually launched in the realm of ALT coins (in the same fashion as all others) would have been ripped to shreds and left for dead when they posted 12 million coin (96%) premine... wtf....

the premine is too high , :-[

you should take a look at the original thread in hashtalk before ;) jk
About 60% of the 12 million coins are going to customers, 40% are going to investors
so,About 60% of the 12 million coins are going to US,miners and hashpoint in zencloud
40% are going to investors,the coins are already sold in the two ICO before the launch.
conclusion,all the 12M XPY are already distributed.

I'm getting a '404 Not Found' error when trying to access the PayCoin github.  Anybody have any idea as to why?

https://github.com/GAWMiners/paycoin

Well I've been with GAW for more than 3 months now and I'm active on Hashtalk. I got on the Paycoin train right from the start and I gotta say I'm glad I did. XPY is easily the biggest most ambitious crypto project ever, GAW has literally got millions of dollars invested in this. The real innovation of Paycoin is not some amazing new code but instead the ingenious system they've devised to integrate cypto into society. For those interested, I'd suggest that you read through the whitepaper and follow development directly on Hashtalk. I believe that the $20 support GAW will be offering next week is nothing compared to what this coin could be worth in a year. I'm not selling my XPY anytime soon that's for sure  8)

Can we able to merged mined this coin with bitcoin?

Nope, no auxpow code included Unfortunately

Mining is over soon, so it was no big Deal anyway

Thank you for reply.

Yes , as you said the mining will end soon, but if it was merged mining the one can take more extra cash after POW end from transaction fees.

Would you mind list me some good coins which we can merge mine with bitcoin other than namecoin? and how about peercoin?

Thank you.

WTB some paycoin,
PM your offer.
and who can make a trade thread.

When will the POW period over?
it seems not much time left, right?
and the hash is huge.

Unless I missed something 500k/49 = block 10204 is the end of POW, current block is 7088

So would that make the total under 500k POW?

Ok. I'll buy a little.

They added additional day with 0 block reward to ensure a smooth network transition
https://hashtalk.org/topic/24715/additional-24-hours-for-pow/2

Is minerspool Down?

 I can't get any connections on any ports.

Nice to see the coin been added over at cryptsy and also bittrex. Will be good to start trading but also markets movin up and down so fast keep keep up trading but making some good swings and returns

Nice to see another P&D fast money coin :) Real world purposes this coin is different etc  :) Make it to the moon so I can cash out  :)

I have to admit this coin is probably the fastest growing altcoin at the moment. Its success still depends on Bitcoin though and bitcoin isn't doing well.

Well who knows. I know Bitcoin is coming down in price maybe this year Bitcoin crashes instead of going above $1,400 like last year and it goes to $30.00 Am happy its actually coming down gives more people the opportunity to buy cheap save for future and am going to be stocking up on some more shortly.

well, it is good time to buy some in bittrex.

True however am trading and making coins as mining finished shame tho would of been nice to make 1,000 of them :( didnt even brake double figures would of also been nice. But on a good note was good for what I generated as only turned me miners on for the coin and their back to collecting dust again now.

it seems the price dropped after the POW ended,
how is tomorrow?

I'm not understanding something here....


I started mining earlier this year starting with Bitcoin and Litecoin and have pretty much stuck with them.

I started mining XPY just a few days ago ( I was not paying attention when it launched )

Last night I noticed minerpools.com , where I was mining, stopped mining. So this morning I looked again, still stopped. So I did some googling and found that the PoW has ended.

What is that? PoW? Is that the end of the coin mining? Is XPY being mined in "sections"? ... basically ... WHAT JUST HAPPENED? 

As I have mentioned, I have only really been mining 2 ongoing major coins and have no real experience outside of those.

Thanks

PoW - Proof of Work - it's just traditional mining. Some coins has also Proof of Stake. This coin has these two. After specific date or block next blocks are mined by this way.

So with this XPY, the PoW is like the beta phase to see if things are working right?  Then it switches to PoS for the operational phase?

I also put off setting up a wallet, call it "lazy", call it "Lets see how this mines first then set up the cold storage wallet", I just put it off ... now, I'm trying to find where I can download it for linux.... nothing but dead links and dead buttons.  I also read that the XPY github folders are now private.

Any idea where I can get the wallet while waiting for XPY to go to PoS?

Thanks

PoW is traditional mining (for example bitcoin) and Staking is different method (you have to search on the Internet) in some coins. Now XPY is only PoS.

Looking forward to some stake but am currently trading it as it seems lots of active trades and cryptsy seems to be updating wallet right now so cant do any trades with them. Wasnt aware their was any new wallet out yet unless done for the POW ending and POS starting to take place.

Why ppl join this 96% premine scam? Are you crazy?

XPY is product of GAW, so mostly you may find your answer in their forum or at hashtalk.org

POW is not beta phase, its how to distribute the coin and after its ended (certain block), networks will stop generate coin by solving it (with mining equipment).

POS is another type of mining coin, you dont need mining equipment here, just some amount of coin. Better knows as interest that paid to coin holder that willing to stake it.

Here it is. http://www.paycoin.com/#Download (http://www.paycoin.com/#Download)

Paycoin Proof-of-Burn : PAYcoinsharesxxxxxxxxxxxxxxxsc8M91 : https://chainz.cryptoid.info/xpy/address.dws?PAYcoinsharesxxxxxxxxxxxxxxxsc8M91.htm (https://chainz.cryptoid.info/xpy/address.dws?PAYcoinsharesxxxxxxxxxxxxxxxsc8M91.htm)

because is a great opportunity to make easy money trading ,don't you think so?

This coin reminds me of auroracoin Scam

You are just butthurt because you missed the XPY Train. We will be seeing 1 XPY = $20 tonight.

the price now is really crazy,
whatever it is a good opportunity.

why did I sell mine at 0.36?  ???

too late to get in again.

but it is the market!
buy and sell, making the profit is the key.

next scam probably generate by prometeus, ninjatrader or other guru.

Ok, I installed the wallet, and transferred my coins from the pool ......

now what? How do I do this PoS thing?

Currently XPY @ 0.04139974BTC :D

Just waiting when it gonna hit 20$ i"ll sell my XPY :D

The problem is: That is what everybody will be/is doing  ;D

You should sell it at 18 if you're smart...you'll see huge dump as soon as it hits 20  ;D. Dump before the next guy dumps and you'll be safer.

I'm just too scared to get in again. I'm happy with the profit I made

:D but its not that it will be stable at 20 i know there will be huge dump but think if it go above 20$ than??

I will not be suprised if this reaches BTC price, but my preddiction is about $80-100. It is clear that they have the power to pump it but is also obvious that XPY will be next AUR. Some people will suffer huge loses.

$80-100 for this XPY crap?  ??? are you kidding? ))

just my 2 cents....I bought in with gaw on there primes when they first came out, and luckily have made good profit. the hashlets have been able to mine hashpoints for the past 2 months.  then the hashpoints converted into XPY at 400points to 1xpy ratio.  they offer hashstakers you can place xpy into to get a greater staking rate.  1 xpy =pays out .0092 xpy daily for 6 months.  once the 6 month round is over you get your original xpy back that you placed into the staker.  I believe this is how they will be able to keep the price higher is by having all of the original customers placing there xpy into these stakers.  after the 6 months is up another round will start, and you have to rebuy stakers if you still want to stake.  the rate and price will be determined after each round.  there are people that have hundreds of thousands of XPY from mining the Hashpoints.  we got to convert our hashlets for free, so the first round(6months) I believe the price floor should stabilize around 15-20. 
You can stake in your XPY wallet using the Orion Controller, once you put 50 xpy into it, it will auto start staking.  I think it is only like 5% apr.  not too sure. 
Paybase will be starting tomorrow or so, which is similar to paypal.  design looks to be cool.  fingers crossed.  Walmart, best buy, amazon, etc are all suppose to accept it.  they are releasing a debit to allow you to spend it anywhere that debit are accepted.  suppose to auto convert to fiat.  also you can send xpy to btc wallet and it is suppose to autoconvert...(haven't tried it yet)..
Im skeptical also, but Josh Garza(ceo) has been all out in the public about this.  (Times, Wall Street Journal, etc)  I believe once paybase starts they will eat up all of the coins on the remaining exchanges to get them all to there on platform. (paybase)
josh hash published that they will buy the paycoins for $20 each guaranteed once they get it all online.

Im not trying to troll, or suck up to anyone.  but I do feel that this is a pretty good opportunity here, especially if it all launches smooth.  But its easy for me to say because ive been mining HASHPOINTS for over 2 months.  and im a small fish.  I got about 100 XPY converted to me a few days ago from gaw in my account now.  some of the guys out there have 100000+ 

I have been burnt on about all of the coins out here, but i see this one with potential. 

and the 12mil premine, that was what was used for all of the round 1 investors, and AAALLLL of GAWS customers that have been mining hashpoints for months.
GAW actually have been mining just like everyone else. 
this is the original premine wallet---PV4REZh7Uw8YsVpzHDPQdwENn2iToSw9GH  you can trace it out where it was all  dispersed to all kinds of wallets...from what i can see this is about right
the rich list shows the top 3 wallets hold 12-14% each.
4-9 hold about 2-3%
10 down all are 1%

to me it looks like they are gonna try to hold the price right.  but im far from an expert. 

I believe the top 3 wallets are the three who own the prime controllers also, which helps with the staking.  not sure

ONCE AGAIN IM NOT KISSING ANYONES ASS HERE, BUT I HAVE BEEN FOLLOWING AND READING THIS SHIT CLOSE.  I WROTE THIS ON MY OWN HERE BECAUSE IT LOOKS LIKE ALOT OF PEOPLE HERE HAVENT BEEN KEEPING UP.

BUT REALLY THOUGH, THINK ABOUT IT, WOULDNT IT BE NICE TO HAVE A COIN THAT WOULD ACTUALLY WORK, AND HOLD A STABLE FLOOR.  I DO NOT SEE JOSH DUMPING THIS COIN BECAUSE HE HAS SPENT EVERY FREAKING DAY ON IT FOR MONTHS OUT IN THE PUBLIC. 

$14 IS ALOT IF YOU HAVE TO BUY INTO A COIN AND DONT KNOW ABOUT IT.  AND SEEING HOW 99% OF ALL COINS END UP SCREWING YOU, AND ME, I SEE HOW TOUGH IT IS TOO BUY INTO IT.
I WOULD AT LEAST WATCH IT IF I WERE YOU AND SEE WHAT HAPPENS, AND BUY A FEW JUST TO GET IN ON PAYBASE.

SORRY FOR THE CAPS TOO.

I realize i am a newbie here and half of yall are gonna say "bullshit" but that's ok.  shit i wouldn't want to spend $14 each coin either.  but im glad i got in on the beginning at $4 a coin. 
just don't bash me too hard guys
Erik

I like how the dev doesn't even try to hide the fact that this is a Ponzi scheme. And still the morons line up to be separated from their BTC.

No, because that crap has a lot of money behind it.

Agree, but made a shit ton so far, so keep it up

so quick for the XPY dice application,
people are crazy.

Everyone says this, but never gives a legit reason.

 I sold my scamlets after missing payouts and a bunch of other bullshit from gaw, it's fitting that one of the only launches i have hit in the last year where the pool (gaw's "official" pool no less) takes my coins and doesnt give me shit is from this ponzi shitpile of a company. and i thought stealing would land born again freaks in hell, maybe there is a loophole like most of gaw's TOS?

And other cloud mining companies are so profitable compared to GAW, right? They are all doing well, showering people with money and GAW was the only one that turned unprofitable when bitcoin lost 40% of value in 3 months. Who are you trying to bullshit?

Just wait until paybase launches on the 29th and GAW will buy your coins for $20 :)

I mined 500 XPY- What Next???

Option 1 - stake them with a Hashstaker for $5975 for 90 days and the return would be about 437.4 XPY at 0.0097, not including any compounding.
Option 2 - Buy 437.4 XPY for less than the HashStaker----

Obviously compounding them in option 1 makes a difference but could not offset purchasing them a day or two ago at .020, which was a much better idea- picked up 500 at .020 for the equivalent of $3200- saving myself $2800
 
The benefits of option 2 are that I can sell my XPY at any point in time if something goes south for XPY where as I could potentially end up with 937.4 coins worth nothing if they are in a HashStaker.
 
I think the HashStaker is a Joke, I give Gaw $ to give me back "Stake" in the form of XPY - I think that is equivalent to handing them money and them handing me back XPY while using My cash while I take all the risk for 90 days....

What this really looks like is this:
Investor buys at $8.....lets GAW do their Shell Game.... Sell back the XPY to the public in the form of HashStakers for $13.66/each ($5975/437.4) and Investors and GAW pocket a cool 58% profit....

I think this Paycoin thing is a great way to make a few bucks but I will avoid getting caught up in the GAW "Shell Game"

Maybe I am just paranoid, but I would rather keep a nice profit for myself and sell the 1000 XPY at $18 and let the HashTalk Fan boys take the risk....

Just my $.02 worth....Cheers - Keith

BTW- I was gonna post this over there for the FanBoys but figured it would get deleted before it ever saw the Forum...

I don't believe they delete every post, only the ones that contain swearing and idiotic views.

They like constructive criticism from what I have seen.

I have a few of my paycoins staking in the hash stakers, had my first daily payout which was nice. 

I don't believe they delete every post, only the ones that contain swearing and idiotic views.

They like constructive criticism from what I have seen.

I have a few of my paycoins staking in the hash stakers, had my first daily payout which was nice. 
[/quote]


IDK... this dude posted something yesterday, "paycoin critic" and the thread got locked within like 20 minutes...

KINDA SUCKS THAT THEY LOCKED THE POST AND BANNED THE DUDE,

"
Response to @GAWCEO's "Paycoin Critic" Locked Post



I would reply in the thread, however it appears to have been locked. I would hope to see a reply from @GAWCEO to my post here, but anyone who can provide the required information would be suitable.

Ever since Hashlets first came on the scene, I have wanted just one thing - Proof of mining in the blockchains. What blocks were found by the SHA and Scrypt miners on which coins... I want the block numbers, the coins, the payout addresses, and signatures to prove that these addresses are/were owned by GAW at the time of the blocks being found.

Also, I would like a breakdown of the amount of mining power that should was targetted, which coins/algorithms and on which day. When they were converted to BTC, at what exchange rate - and what amounts.

Really this should all be recorded in detail for GAW somewhere... but I've never ever seen a single shred of information that points to this.

So, this is a "Paycoin Critic" - asking legitimate questions

You do have some legit questions, I'm sure they will get answered in time.

The questions you have asked would not be high on their list I should imagine as not everyone wants to go that deep in the findings.

For me, I'm happy getting my payouts and buying things :)

No , that's not my post at all!!

I came across this on twitter yesterday and was wondering why it got removed so fast.....

im with you, happy im getting paid....more than im getting with LTCGEAR right now

Erik

This coin is getting popular.

I wonder what caused this collapse of the exchange rate. I watched what was happening on the Cryptsy and Bittrex and I had the impression of panic sell. Given the promised $ 20/XPY this looks at least strange
What's the catch?  :D

Yeah, among the speculators and traders. But this is not what we would expect from an "innovative" coin and the XPY with its huge premine and Ponzi scheme looks boring and primitive. For some people this is rally and fun with the ability to earn money, but they forget that in the end profit will some persons and all others remain with nothing. IMHO.

mk dumbass first off i didnt say anything about other cloud mining companies and profits (but just so you know i have genesis and ltc gear and they STILL pay and better than GAWD) I said the bastards never paid me for all of the hash i rented on their pool. apparently your one of three things A. GAW fanboy B. dont give a shit about crypto (most miners dont give a fuck about the rest but steal our coins and thats crossing the line) C. retarded. I dont give a rats ass what your problem is honestly, you gaw freaks have proven time and time again you lack the ability to have a discussion that isnt pro garzascam. point being, nobody said anything about cloud mining just that i rented 3 ths on MRR and 30 THS on nicehash at launch and never fuckin got paid for it and that shit isnt cool, especially if your claiming to be a big crypto saving born again honest company. Stay in crypto long enough and maybe then you will understand that pools stealing coins is something that isnt fucking tolerated. now run along and make garza some more money kids.

Hi all,

Last week I bought some XPY. Untill today it is still not arriving my wallet. It is stuck at 277!!!
Can someone explain me what I did wrong.

It would be nice to see the coin in my wallet.

Merry Christmass and happy New Year.

Best,

AmsJef

Ensure you're using the most up to date wallet. This was a known issue for the 1st and 2nd versions of the wallet. they're on v. 0.1.2.25. Back up your wallet before installing the new version, just in case.

soo many SHA-256 craps in this market  :-\ :-\

+1000

I've made 4 BTC from this and that's good enough for me and I will not get in again even if it looks like it'll go to $20. It's more of gambling at this point.

Josh  has postponed the launch of Paybase until 29 december to be with his family on holidays ..
but something tells me that he will launch it in 2015

The Alt world is getting more stupid by the day...this thread is a living proof :-\

Maybe I'm missing something ... how will GAW or whoever benefit from buying my let's say $7.00 dollar PayCoins for $20.00 on Dec. 29th? Is it that they're of the hope punters will push the price over $20.00 by then? What happens if it doesn't rise? I'm guessing there's something in the fine print backing off the offer in that case. Otherwise they'd paying millions to help us pay our X-mas bills. As nice of them as that would be it isn't bloody likely..

It's all  bullshit $)
I'm sorry, but it seems that you are one of many who do not understand what's really going on. Paycoin is a classic hyip, and the bet is placed on those who do not understand how work the scheme "honest" obtaining money from crypto community. I am sure that GAW read this topic and I would like to see his comments given. what to write on such hashtalk.org does not make sense for objective reasons.

Question on filling to GAW - how do you explain the fact YOUR PERSONALLY (can challenge?) mass dump XPY at bargain prices and YOUR confident about buying XPYfor $ 20 in near future? Where is the logic? Or  you think that all people is so stupid? Although, judging by what is now happening, I must say that you have every reason to think so  ;D
Or all the same do you have an blank answer to this simple question? ))

You've got me wrong. I understand exactly that this is certainly a scam. I'm waiting for someone to e plain to me why it isn't ...

what's the main thread for discussion of paycoin?

hashtalk.org they have their own forum

This is a nice attempt at pre-mining a high pos coin, baffle the newbs with enough bs and get them to belive in magic money. There is never magic free money on any coin at any pos rate no matter how confusing and many levels etc you add to them.

You must buy low and sell high, and hope new money keeps coming in or else where do the profits come from.   I say if you want high PoS stick with a no premine no ico/ipo no blockhalving coin like TEKcoin, fast fair, slow released design, simple, stable, proven.

SHA-256 P&D crap  ;D ;D

That, my friend, is the 64 million dollar question.

They are already backing off on the offer. They extended the Paybase opening a week where the Xpy to Btc exchange is supposed to happen. Buyback has been changed to "manage" the price of coin.

Those buying the coin for $10 and thinking it will magically bring them in $20 this Monday are taking a huge risk. Good luck. I can't see how Gaw can pull that off or why they would want to.
I don't know the numbers made on ICO sales but it must have been millions. They must have made a fortune on those who switched to mining hashpoints the last few months and those who bought hashstakers.

Will they back away and, silently, let the coin dump and die? We have seen it happen too many times before. Good luck people!

I should also add that if GAW does not come across, Paycoin free fall in price will be like no other. Those who exchanged hashpoints for xpy were given a valuation of $4. When this group starts abandoning ship its gonna get ugly.

Did paycoin get delisted from coinmarketcap or was it never there in the first place?

it is not safe to trade at new exchange,
bittrex is good and volu also is OK.

This is not a exchange, it's more similar with gambling where you can double your coins from the air

gambling games?
no, you will be adictive,
DO not go.

Scamcoin

Amazon Further Denies PayBase / GAW Miners Involvement  ???




A few short weeks ago, Coin Fire spoke to officials at Amazon and other retailers about the implementation of PayCoin as a shopping option. We established with the retailers that none of them had any plans to integrate the cryptocurrency directly despite the repeated claims of Josh Garza and users on the HashTalk forums.

Late last night after a series of delays and technical issues, the Paybase website–a product of Garza and GAW Miners–launched to much fanfare with Josh Garza making bold claims to CryptoCoinsNews once again about implementation of Amazon and Paycoin:

Tonight you will see the first merchant integration with Amazon search and shopping within PayBase. You will be able to purchase directly from within the platform. This feature is the first of its kind.

Mr. Garza also repeatedly stated on the Hashtalk forums that they were working with the Amazon API to carry out the purchasing feature. While this is not a direct integration with the merchants as originally claimed, it does shed some light on the issue and prompted Coin Fire to speak with Amazon spokespeople further about Paybase, Paycoin, and GAW Miners.

An Amazon spokesperson once again denied any involvement with Paycoin, Paybase, GAW Miners, or Josh Garza telling the Coin Fire team,

Per our earlier statement Amazon continues to standby our first assertion that we are in no way connected, partnered, or associated with Josh Garza, GAW Miners, Genius at Work, Paycoin, Paybase or any company connected with this operation.

Amazon does run an Amazon Associates program that allows associate members to earn commissions on sales generated via our API and developer tools.

We will work aggressively to disable API calls from those attempting to avoid our account systems, those fulfilling orders that appear to come from Amazon, or those violating the Amazon Associates Program Operating Agreement.

After speaking extensively with Amazon and showing them various URLs of promises made by Garza and company, they went into further details on the exact sections of the agreement that they believed from a first glance were being violated:

[…] will not intercept, record, redirect, read, interpret, or fill in the contents of any electronic form or other material submitted to us by any person or entity.
[…] will not request, collect, obtain, store, cache, or otherwise use any account information used by our customers in connection with any Amazon Site […]
[…] will not modify, redirect, suppress, or substitute the operation of any button, link, or other feature of the Amazon Site.
[…] will not make any orders or engage in other transactions of any kind on the Amazon Site on behalf of any other person or entity, or authorize, assist, or encourage any other person or entity to do so.
[…] will not take any action that could reasonably cause any customer confusion as to our relationship with you, or as to the site on which any functions or transactions (e.g., search, browse, or order) are occurring.
The Amazon spokespeople further elaborated,

Any piece of software, extension or other system which implies a partnership or intercepts customers or customer information is in direct violation of our terms and Amazon will act accordingly.

It further appears that Amazon is once again distancing itself of any relationship with Paycoin.

Coin Fire has reached out to other merchants listed on the PayBase website and will bring further details regarding statements from other merchants we have obtained in the near future


here is the link guys

https://coinfire.cf/2014/12/31/amazon-further-denies-paybase-gaw-miners-involvement/

I guess tht is why the price took such a beating

Right now it is the third coin on the list...

http://coinmarketcap.com/currencies/paycoin2/ (http://coinmarketcap.com/currencies/paycoin2/)

yup it was very clear from the very beginning

he was just making ppl feel its coming and its true by making a nice looking sites and chit lies lol

paybase it just fake application  

GAW ℗ PayBase - A Wallet You Can shit  On  ;D

Happy new year guys   ::)

 ;D ;D ;D  A wonderful p&D, just more volume, nothing others

Josh stole our thunder, was planning a major troll job on Amazon for Trollcoin... What a waste of a good troll. :(

So this means this coin is going down for now? is that why it is crashing like this?  ??? I actually had big hopes for this coin..

To make a long story short. GawCeo promised from the day Paycoin was born that its price would be held at $20 at, the yet to come, Paybase. Everyone knew they had the resources to do it.
Well ... he didn't come through and the dumping continues. Who knows where the bottom will be .. even $2 to $4 might be optimistic. Good chance the coin will die after all the commotion.
I have a few coins too but I'm resigned to riding the choo choo to the bottom. You never know Gaw could turn things around ... lol.

1   Bitcoin
2   Ripple   
3   Litecoin
4   PayCoin

So it was a big scam... i hope they will all get to jail.

What happened ? I did not follow this at all :-/

I'd ask you pop over to hashtalk and make your own assessment :)

I dont support this strange forum, no thanks.

Just found this:

https://bitcointalk.org/index.php?topic=912442

Its already enough

I hope those bastard see their results soon. 20 years of prison. Of course it don't have our money back, but still it will make me happy when it happens.

Snif snif

I smell a scam.

lol who the hell was buying this crap coin anyway  :D

People that are in for the pumps. Pump & dumps can give you big returns, at least for some people.

josh lovers lmbo  ;D

https://bitcointalk.org/index.php?topic=778720.msg10017921#msg10017921 (https://bitcointalk.org/index.php?topic=778720.msg10017921#msg10017921)

With the amount of coins dump it can only be from the reserve as there was only a small portion mined.

Josh flooding the reserve?? hope he can share the address.

This coin is next Auroracoin(AUR), AUR was more expensive than LTC and massive premined, AUR is less than 10k sat, will XPY less than 10k sat?

Its will if the time is come  ;)
this coin is supported by GAW so it will survive longer, imho  ::)

I pick it and thread it like HYIP.

You are too late buddy ,the party is over  :D
you should do this  2 weeks ago

Is there someone who may have any suggest how much XPY from all markets are in Sale .. is someone who can check or have even close guess :?

Today's volume is about 65k but a week ago was over 100k
https://www.cryptonator.com/rates/xpy-BTC

still waiting on my coins from launch on their official pool/. fucking thieving jesus freak bastards.

Not yet, If you bought at around 0.009 and sell for 20-30% profit  ;D

this looks true

https://blog.paybase.com/paybase-honors-20-paycoin/

Is this the main paycoin thread? Its very quiet!

Guys try this . x100 your XPY. It's legit I think

http://cryptoraise.com/xpy

Source: https://bitcointalk.org/index.php?topic=950933.0

Why have I had 0 active connections to Paycoin network in my wallet (v0.2.0.0)? I tried with older versions (even on other computer) too and I always have 0 connections. Firewall is fine.

I loss 2btc for this pure made for scam coin

Lost 0.2 BTC in this shit