Bitcoin Forum

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This is exactly what I was talking about, you clearly have a problem with GAW.

All the things you have just mentioned make Paycoin a good option for the masses, because they can understand it and use it in everyday life.
As I said in the previous thread, If you dont believe in the option available then dont invest!

There was absolutely no need to start a new thread for the sole purpose of slagging someone off.

hi shill

Midas coin was based on reserve. Turned out to be scam. What makes this be different?

Absolutely nothing, but that doesn't necessarily make it the same either.

As with everything in life... its a gamble, take the risk on something you think is a good idea or don't the choice is entirely your's to make.

Andy

Me to sir thats why I havent invested large sums into Paycoin, its a risk but its a risk that i'm willing to take on the information I have found on GAW / Paycoin

Paycoin would seem to be semi Fiat backed and also semi centralised. if you have information to the contrary them please share that info i'd be pleased to read it.
Lets face it information is key in Crypto if you don't have all the info to hand you will get stung somewhere along the road, but thats no reason to distrust everything that looks slightly sus.

Not everyone is out to get you  ;D there are some nice people out there as well

So care to explain what's wrong with the Federal Reserve?

Federal Reserve control the US Dollar and GAW control or have half control of Paycoin.

And? Our economy would be fucked without the Federal Reserve

If you can't come up with an original name, don't make a coin. Reminds me of Wolong and Pandacoin. People were already scammed by the existing Paycoin thinking it was the GAW Paycoin.

Can you explain how or even back up this claim?

EDIT: Saw the videos, appear to have a bias. It's about as useful as Food Inc and Super Size Me
 
Plus if anything they just rotated the gamecube symbol

https://i.imgur.com/0NTKW3E.jpg

Ha ha ha ha holy shit

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


 ???

Anyway our trading exchange now support Paycoin (XPY) for anyone who interested to trading it with 0% fee

www.bitcoin.co.id

Its unbelievable how butt hurt Sir Alpha_goy is. Everything you say is complete bullshit you jackass.

paybase will be buying paycoin at $20 on monday. All the miners that had no idea what paycoin is dumped it to make their ROI on their rigs. Thats what kept the price at $6 you dumbass. Its almost at $10 right now since POW ended. Tommorow is POS stage. It makes me angry even reading your comments because of how much you hate GAW (deff got butthurt)

if daddy homero had control of a currency i think his head would explode. I dont think many who been burned by gaw lies and greed will be happy to see something like this, just saying  :-X

idc if this is a scam or not..

i had 0.05 btc at start and  around 3.5 btc in 2days ... and i still hold few for maybe more profit...well see..

this coin was the first coin with nice profits for month now

i seen that why is ripple so active all of a sudden its been around for long time so just weird

I'll never give a single paper dollar to Josh Garza or any crap he makes...

That guy takes his customers for tools, or pin cushions to absorb failed investments of his, where investors are breathing down his neck.

The whole story with the 12M instamine recently has killed its value, no shit, I kinda seen that coming, that guys owes lots of money.

I read a really bad story once when I was investigating GAW miners and well, let's say that bas story served me well... Bitmain FTW

None the less, when it works it's the holy grail, when it fails it's a scam; like make money online programs.

I don't mine this coin nor did I buy any... oh wait, I mined half a coin and hated myself for it.

Was sorta profitable if you mined/sold automatically when it paid a lot more.

Spend a day or two on top of CoinWarz, today it's not even on the list lol

Like I said before, just another one hit wonder, then it's all talk no action.

that just sounds so romantic i want to ride the train ............ wait i think i am thinking of the oriental express train being romantic i think the josh train will get me stds  >:(

yet another satisfied customer of josh lol i feel you trust me. I had gaw hashlets as well then all the bullshit started flying so went away sold and got out. I did go look at site cause of you and now i see i had 3 coins lol so i took them out i made a wallet on cryptsy and like magic had some more btc lol. I myself would not go back to much lies on there to much control as to what people can say. I dont even think North Korea has that much control as to what people can say as in HT

Yup.

Went in and looked around a bit myself.

After payments out were glitching I picked up and ran.

The centralization is rampant over there.


[/quote]

You really do despise them don't you, do you mind me asking what they did to you?

For someone who didn't lose anything you dedicate a lot of your time and attention to this particular company. It's starting to look almost like a black PR, but I'm probably wrong  :-X

Here's a reminder for you:

http://thelectureroom.co.uk/wp-content/uploads/2012/05/loose-lose.jpg

A devoted practicioner of communication skills will surely appreciate this ;)

lol good stuff i did not loose alot but my inlaw on the other hand lost almost $4,300.00

why everybody tell xpy scam?? what the reason

Not saying either side is right or wrong but miner's only mine things when they know what it is.  I don't know one miner that says hey let me create a .bat file or point my machine at this new pool without at least having some idea what coin is going to come out of it.

I see what you did there  ;)

I dont despise much in life really I'm pretty easy going, I just keep seeing these threads pop up and I cant really understand why.

I invested about a $1000 in GAW and have made back my investment 3 fold in the last 2 months simply by reading and keeping upto date with whats going on around me and adjusting my plans accordingly.
It would seem the only people that lost out did so by playing the system and loosing, or not keeping upto date with what was going on in the world of GAW. And then people complain / rant / threaten ect

This so far is the best investment I have every made and this applies to many others I have spoken too.

I believe the best thing anyone can do is get out when you feel uncomfortable with the way things are going (human greed is a big problem here)

When people open threads saying *** = SCAM without having 100% proof this is the case is in my mind just childish and of no help to anyone especially not people with little knowledge that are just trying to get into the Crypto world


Perhaps i'm just too old for this new world

Andy

LOL my apologies sir I agree with you on my lack of being able to post in the correct thread  ;D my poor eyes need their glasses more then I would like to admit at times.

As for the centralised nature of the coin, this is due to change in time.

Each round (6months) there will be a bidding process that will by its very nature make the system less centralised, ie if GAW loose the ownership of many of the Prime controllers, that in turn means GAW has less control.
Now the really interesting part for me are the Orion controllers (nodes) that can be run by anyone that has the means to do so.

I'm not denying that Paycoin is far more centralised then most other coins, I'm saying for Merchant uptake and customer uptake I believe we need a system that everyone can understand and learn from, then we can take another little step to the next Coin that is more decentralised.

I certainly dont feel that Paycoin is the be all and end all coin, its simply a stepping stone in the way that bitcoin is a stepping stone

I certainly dont believe its the next Federal reserve, its just different then what we have seen so far this doesn't mean it should be feared.

Regards

Andy

AHahahhahAHAHHAhahaaaaaaaaaaa  ;D
Let's all seriously damage the community

lol lets get them glasses for xmas  :P but come on we all know alot of people see gaw and see scam nowadays... Many moons ago when they sold hardware was all legit but when they started going to different paths with no proof thats when people got mad

dude you really have a problem with gaw ... :)) you say that gaw did not gaved me 6k worth of paycoins in one months of hashpoint mining and i did not get .. WRIGHT NOW PRICE 8 - 10$ per coin right ?? =)) dude you`re a joke .. believe me its real dude .. ITS REAL !.. stupid trolls im tired of you!!!!!!!!!!!!

so many newbies promoting paycoin

only newbies as a matter of fact

its almost like a few people registered a bunch of users to make it seem like more people are buying that shit than there really is.

with this coin, mining was just a PR step as most of it is already pre-mined. so they needed a way to put the word out and get ppl interested
yes, early adopters and the ones whi do not get eaten by greed will get something out of it
this payment system (PS) has nothing to do with a crypto any more.

TO you and all on this forum happy holidays enjoy the time with family and friends. May the holidays bring everyone good stuff with good food and good drinks  :) posting this now as i know alot of people in areas where almost xmas  :)

We are welcome any Paycoin Trader to come into our exchange Bitcoin.co.id  - we are support XPY/BTC with 0% trading fee

Only problem is, by the time Bitcoin even goes up to half of its previous ATH and becomes mainstream usable, we'll all be dead. But yeah, yeah for the turtle.

/rolleyes

All newbies? Hmmmmm

Getting users in, thats how they have to create a market in the first place. They may also charge on withdrawls.

well i am sure this is just broken cause this would not be something for paycoin. It is ment to be the future of manking for next 500 years so yeah

LOL so i wentto the site i do not get it, seems to be alot of xmas stuff. Also i see them talking about goats in many different ways on side banner. Is this a indication can trde XPY for some goats?

You calling me noob, noob? I own enough XPY to be in Top 100 (I am in top 100) and I own gold, stocks, bitcoin and litecoin too.

So what was it you were trying to say again? You're nothing but a stinking useless troll ;)

You call my weeks of mining this coin premine? Yes, the blockchain wasn't active. Did we mine it? Yes we did. Your definition of premine is a little bit wide me thinks.
Our share of the mine was based on BTC price, why? Because that is what we actually mined to back up our coins with when the blockchain and code was ready for release.
Granted, it was done in a backwards way, but somehting needed to happen quick, or GAW would be in the same mess the other cloud mining services are in.

I think the negativity in bitcointalk is taking over, and people just can't ask the right questions anymore. It is no longer a quest for enlighenment and knowledge with bitcointalk. Now it's a contest of who can trash the other one quicker. This is why I no longer hang out here much. I am not against critical thought, but come on! It isn't exactly critical thought believing everything negative spewed out across bitcointalk either, but I guess that is what happens to a community which over years have become accustomed to being scammed left and right so much so, they no longer believe in anything, not even their own thoughts.

If we can not publicly mine and whole lot of coins are generated during that time, then yes it is premine. Yes, my understanding of premine is wide, but anything that is not available to the public and generates coins during that time looks shady.

There are only a few coins which aim for something good. Most of it is just crap and this is one of the main reasons you will see negativity around here. Scamming is based on trust so even if one does not get scammed here, if he/she is too trusting, sooner or later it will happen somewhere. As you can see, miners no longer wish to pre-order hardware due to the many scams. People got more cautious as the SHOULD BE. Blind trust will get their money and/or resources gone for ever.

XPY does not seem to have anything special. The only reason ppl mined and believed is the name GAW and a promise of big returns. If things star getting delayed or a statement/promise does not come through, ppl start wondering if the project will be successful.

It was publicly minable the whole time. And still is (PoS).
No, you couldn't use your Avalon miner to mine it the whole time. You needed Hashlet miner to mine it (publicly available). GAW mined only PoW phase themselves. The rest was us customers. I am very sorry I haven't moved my coins around yet because I staked half of them, and the rest is still sitting in my original wallet for now.

I believe this is what a lot of customers are doing too, so no, there won't be a lot of coins moving around until Paybase launches.

I agree with you on the trust issue. I don't think anything can be done about it. There will always be scammers. But don't let that make you blind to the good things, like some. Of course, if the horse has a broken leg, don't bet on it. And also, betting on the losing horse doesn't mean a scam. Stop betting, stop winning ;)


Cheers

Merry christmas!

I never said you said scam. Did I get that right? I get cookie now?

No worries, but if it did turn out to be the grandest scam so far in cryptocoin history, then for me, all is still not lost. I am properly diversified, and that is probably more important than anything :)

yeah, let's see how this goes.

seems XPY price has moved up lately. I think I will sell some off here.

yep, moved nicely upwards. I wish you guys all the luck in the world with this one.
the idea seems OK and I hope the project goes through as I have many friends who invested a huge lot in it

I am not in to deep. I just took some of my earning from selling my hash during the rush on Westhash and bought some XPY at .021  

Sold a 1/3 of what I had and may sell another 1/3 soon to show a small profit and hold the free coins.

and a sheep can't live without the sheepdog - sure.

I just don't get it, scamcoin from soon to be scam company, yet everybodies clappin....  :-X

The Federal Reserve is the problem not the solution. Never in history has fiat money worked... and the US dollar is no exception. 

get promised everything, and instead get an empty bag

Its nothing like federal reserve. At least the bills can be used, and even though their value reduces its quite slow.

This XPY is almost finished, hardly anybody accepts it and going to be worthless soon.

ok I'll let everybody know

yeah i am kinda shocked myself i seen the price drop to like 29 and today when i seen it was almost 40 again. Not sure if mega pump trying to hold it up or whats up

see i was going with that assumption as well but i noticed the price just dont want to drop so not sure what is going on. Maybe some of the secret merchants came online to accept the coin

Its essentially selling mining contracts, with the blockchain being a PoS one. So if they believe in mining they should have made a PoW chain, but with this they are saying they believe PoW is not good enough and they woul rather go with PoS, and asking the buyers to mine other PoW coins.

well lets hope it all works out for the best i been hearing of people usings kids college money for this and taking out loans on things like cars and so forth  :o

Anybody doing this is just plain idiotic, weather you like the idea's behind a Coin and choose to invest in it or not.

Only ever invest what you can afford to loose...

I agree with you 100% just some people see it as a way to get rich. Pretty much treating it like 1 big lotto ticket  :'(

i think people do forget quick but in other times i think people still remember and are willing to gamble more than what they can afford to loose in hope of quick money

atleast george has class showing it off where as this has none lol

Just out of curiosity at what point would you not have an issue with centralization?

IF they in it for long haul and good causes and not just empty promises i would be ok with it as well

I remember when notes used to be cool
http://www.webuyantiquecurrency.com/wp-content/uploads/2012/11/intro9.jpg

I do agree. Out of interest would you want to see transparency in a centralized institution?

I don't know whether it will be a good or bad thing.....

good luck with that one morality normally means less proffits thats why we need a out with the old in with the new flush i say  ;)

That's how people drown.

well i see paycoin is taking a massive crash course here in last 48 hours. I am not sure why seems like it went up good for some time then drop some to the 29 level and then took back off to 47 level. Now it is just like a dead fish in the water at 20 just doing nothing and nobody wanting it  :o

It bounced a few times on the way down. I think it will fall much further with more bounces.

Looks like they didn't land that Amazon contract in spite of Josh Garza's declaration in Miami.

I don't see any value in tracked or taxed.

well how dare them by amazon.com not wanting to side with Josh dream coin means that amazon.com will fail as wont have support of the mighty paycoin. I better go watch amazon prime video before it is gone, i will see you all laters good night  :P

They are sure cleaning house at hashtalk. Long time members are being banned and shadow banned. Threads and posts deleted. I'm pretty sure Gaw must be situated in North Korea.

That's why decentralization is a vital part of crypto, which XPY ignores, we'll see....

(:

man gaw miners really pulled a fast one. I have a few crypto buddies that were really duped with this company. They thought cex hashing was bad but this gaw things was 10 x worse.

lol i love this movie i actually watched the ghostbusters in theathers here a few months ago when marked 30 year anniversary. Now if you look at the forehead i think you can see it clear XPY LOL as it is melted  ;D

what a fucking joke this place has become  ::)

you know i myself personally even pulled out some ghs from cex.io. I always told myself the price per share is higher they got this maint fees i dont like. Then i thought hey gaw sold miners for so long they must be legit. Seems like legit went the way of greed and corruption really hardcore so i feel your pain

Isn't hashtalk just a big ad for GAW?

i really dont know if hashtalk is a big advertisement dor gaw. I have never been into the goodness of the hashtalk forums and i always hear people get banned for no reason and for long periods of time. I really dont want to be in that situation and be loosing my temper for no reason so i just stay away lol  8)

Those who get banned always say that it was for no reason and they were nice and friendly, don't you know that? Try to find people on bitcointalk, who were banned and made a post in meta to appologize. Most either make new troll accounts and continue to spam or blame the moderators and play innocent.

(:

yeah i know big can always be a possibility like you said but good lord there is so many people thatsay they are banned for no reason. They say perma ban or shaddown ban. I do not know what shadow ban is but sounds nasty still lol. I just figured with so many people saying it must have a grain of truth somewhere. I might go there lol check it out

Shadow ban. You can post but no one sees your posts but you. You can talk to yourself for days. No notice or warning. Only at hashtalk ... go figure.

WOW thank you for the clarification on what shadow ban is  :'( . That is really messed up so they will let you think you making your point to other people but in reality no one will be seeing anything. So while you get mad they are just laughing away. I guess need 2 accounts 1 to see the other lol  8)

lol  8)

paycoin offer nothing, it's just a pure scam premined coin and nothing to talk about it

dam that is horrible to have a currency drop imagine if it was backed by the russian currency not sure what it is called. I am sure would not be good as much as i have seen their currency drop in last 2 months on the forex exchange. Maybe some day will have it to where bitcoin needs no fiat back but will be independent. I know still need a currency but would be cool

that is true just hope dont shed to much skin lol

I don't think GAW was ever legit.  Supposedly the only miners they ever sold were just Zeus miners they bought from someone else and re-labeled them as Black Widows or whatever.

Then, according to what I've read, they kept taking orders for mining hardware but never delivered, and eventually just told people they could have Hashlets instead of hardware.  But the Hashlets never existed either, and they finally admitted that they never had any Scrypt miners at all.  Everyone who bought Scrypt Hashlets were just getting paid btc according to what a Scrypt miner "would have earned".

So they finally admitted it? What a bunch of assholes.  They lie and rally people to support their lies and cover up the lies by deleting them.  Everything they have done is just rebranding. Hardware miners zen pool, paycoin, paybase and payflash.  They took something marked it up and sold it to idiots.

wow i so missed it when did they admit it is there a link that still excist or is it all gone like all gaw comunications seem to vanish at short time after posts

See, they had sold people more Scrypt hashing power than existed on the entire network.  So they had to admit that "not all" of the money was coming from mining. 

https://coinfire.cf/2015/01/19/sec-investigation-of-gaw-miners-underway/

NICE good find but i am sure there will be more to this long term

I guess it has gone dead silent or little activity here  ???

im getting less intrested on XPY coin every day and even zen cloud i use it as a onl line wallet now.. lol but i will be aware of the coinbase news for XPY to 20 dollars in like beginning of february of 2015

LMFAO

Hard to see when someone hacked Coinfire http://cointelegraph.com/news/113353/coinfire-site-and-twitter-account-hacked

And I got a browser warning when I tried to go to coinfire.  It looks like GAW fans are lashing out, but then there's the counter-conspiracy theory saying that Coinfire pretended to hack themselves.  Not very likely, if the site's still down.

time for some serious viagra or cialis dosing to help fix this limp disaster coin, maybe that will give it enough of a pump for 1 run maybe 2 if people pump enough

i dont understand that " couter conspiracy theory " as you said why would anyone want to hack themselves, would it not be easier to just pull the plug on everything instead?

they said paycoin is backed by usd fiat then premined the coins and sold them into market to get money to support the paycoin
its a big scam , stay away from paycoin , don't invest your money there

+1

It's crashing in price now and new buyers will just get burned.

DAM sucks to hear that the price is crashing, i personally do not follow up or keep up with the news in details regarding this coin apart from what i read here on forums. Then i really dont know if that counts as news or details as alot of times it will be more angry ranting than actual information about the coin but can understand why

The same can be said about any coin - it's still a risk at the end of the day.

Yeah, the only difference is this coin is owned by GAW!!! Quivers.....

lol poor gaw never catches a break, i like how they quivers maybe it is just in excitement and being all wet and bothered, we all know the effect josh has on people

what i don't get is promising to buy back coins for more than they sold for.  then i see this shit rocketing to the moon.

do people not realize that u have to have more inflow than outgo or it doesn't work?

it's so hard for me to feel empathy towards people who bought into something that just made some random promise to pay them more.  cuz ... well he promised?

And I have empathy for a lot of shit people get ripped off for but this one was just ... just beyond stupid.  guess we are still in a massive bubble for this type of shit to raise as much money as it did.

Congratulations. Paycoin is now at US dollar parity.    ;)
https://www.cryptsy.com/markets/view/XPY_USD

Oh wait, isn't supposed to be 20 US dollars???   ;D

you guys are just economiss eheeh i love this feliinng of seeing things but if paycoin goes to 20 dollars like the oficcial site says its sells and buys that can be good now the problem in zen there no more mining cloud its a bad sign even for xpy

yeah see i did not get that concept how it just took off like you said but seems like people kept pumping in to keep it going but as we all know that came to a end and is not all going down hill

it is getting there just give it a moment catching its breath waiting for the next great inovation to come along in the cycle lifespan of this great coin, just wait and watch in such amaze  ???  ::)  ::)

Same nonsense... over promised and under delivered. 

https://i.imgur.com/X9tYpHZ.png

lol to funny reminds me of the villan that is in the cartoon from the late 80s i cant think of his name but i am sure it will come to me sooner or later  8)  8)  8)

omg rate xpy down.
what happened this coin? :)

This is exactly what was expected, anyone expecting different results from a company like GAW, their credibility went with the wind, the moment they stopped with hardware and started with cloud (air) mining.

they just seem to have shut down everything now, so if they shut down the cloud mining how will paycoin be supported for transactions or new creations. If there is noone at all then why is it still listed on exchanges?    ???  ???  ???  ???  ???

i think i can sum it up in one word what happen to gaw  " GREED " they was a good company when they sold miners and stuff for them, but i guess they wanted to take more of a profit margin in

i tell you what i have heard of explosive diahreah from them cheap burritos at the gas stations but this takes it to a whole new level, but i bet this is what the ass of alot of paycoin investors feels like

It all seemed to good to be true.  :'(

lol how they wanted to be better than the dollar now they worth less than 1$ the irony

well for the people who got in early and cashed out was good break, other people like me ended up with paycoin as result of gaw converting points over lol

ill just wait price raised up again :(

yeah..

me too

i buy it on price 1BTC

Even many accusation about Gaw. We are here stands tall !

ouch you bought 1 bitcoin worth of the paycoin xpy ? is this correct or was you trying to say something else. I really hope you was trying to say something else cause it is a long way from the start offer price

Any brains out there?

nope it is 3:30am all the all the brains out right now are soaked in beer and vodka lol, please leave a message and we will return to you when the hangover goes away tomorrow

The "Federal" Reserve Banking System is a group of banks which have over 4 trillion dollars worth of assets.

The banks are not owned by the government, but they were created by an Act of Congress.

Some people believe that it gives rich people too much control over the government, while at the same time giving the government too much control over our money.

what happened this coin?
why down more and more..
omg. i have this coin with buy high. :(

Because it is made from nothing.  It required no work or value to generate the coins.

Bitcoin required millions of computers working for 6 years to generate 14,000,000 coins.  XPY required GAW typing a few numbers, and they could have created any amount they wanted for no extra work. 

Its gonna be worth pennies in a few days  ::)

The term "SOON" is being thrown around by the GAW team day by day while they try to blame setbacks on "legal issues".
the honor program is a joke and I'm just glad I got a quick profit off GAW and was outta there for good.
The cult-like believers at hashtalk really makes me keep my distance from GAW as well  :)

Hashtalk is a bandwagon group that worships Josh Garza  ;)

I think it's time to change the title to Paycoin (XPY) < Federal Reserve.  ;D

are we really at this again?  gaw got their money you got their bs coin.  enough said.  anyone contact the authorities about the obvious fraud committed on their customers?

Paycoin has no use right now .. its doomed unless theres a mainstream need for it

Fixed your quote for you.
Spread the knowledge.

at this point i do not think paycoin will be going main stream anywhere at all, seems that there is to many legal problems from whet i am seeing posted on gaw forum to even move on at this point  :-\

i dont think the XPY coin is going to have a full use in market some sites says its gonna be 20 dollars a piece and now its nothng like taht maybe its good to buy in exchange sites just it i dont post sites cause it can be banned like i was once you know.

The easiest way to spot a potential scam is when people qualify their loyalty based on the amount of money they have made from it. This is how a Ponzi gains acceptance - I made a lot of money so they must be legit. Please note I am not saying GAW or PayCoin are scams, merely saying that what you're saying here is exactly how a Ponzi works to win minds.

yeah and i wonder if any of those sites are linked to coin in a way where they getting rewarded to say the coin will be so good and so on to get the people to want more coin  ???

lol what on earth is this a picture off, looks like the dr / scientist on the xbox game mass effect haha

I'll spend exactly $0 on Paycoin.

lol such a big spender , with that buy price it might help make the price of paycoin finally become stable to some degree, it might even make the price shoot up lol  :o

Wait, this coin is still around? GAW is still open for business?
I havent read up on them in weeks, and i just kinda assumed they faded away like Miley Cyrus's career...

It's actually thriving, rebounding again to consolidate the 60% jump of yesterday...

In case anyone here would be even remotely interested in reality... fat chance right?

i really dont know if gaw is still around legit anyways, i still get the emails from them atleast 1 time every 10 days or so telling me of some great sale and to buy stuff. I know i still see paycoin on cryptsy being traded for sure   :-X

wow did it really do a 60% price jump? i am going to have to check that out next time i am over at cryptsy. I only go on there maybe like 2 times a week sometimes 3 lol

mmmm that is crazy man i wonder what made it go up so much

lol well $1.00 is a good price i figured it be at like $0.25  ::)

Looks like a game of musical chairs with no chairs.  This can't end well.

It's down to about 50 cents today. People were paying $20 not so long ago.

LOL dont panic mama

lol nice thank you

wow someone drop some nice roses or flowers on paycoin  8)

XPY price has been on a downtrend ever since. What occasion will allow it to appreciate?
https://www.coingecko.com/en/price_charts/paycoin/btc/max_days

Actually this is one of the better threads on bct there is a lot of talk about the dollar cycle politics economics and good ol fashioned grifting.  Now to offer my unsoliced thoughts.

1. Money creation.
     The power of money should benefit the users. Not create a yoke of debt to bind them for life.  In the current structure a few(very few) people get to create then spend the money into existence with interest owed on every dollar.  This only benefit s the money creators . Because they then LOAN this money out there is not enough in circulation to repay the interest and principal both. Only solution borrow more money.  This creates a system where some win . The lenders . And most lose. The lendee. And so most of the world's problems arise.

2 fractional reserve
    Hold on this gets tricky.  Seeing as how most people keep their physical money in a bank and very few withdraw.  Banks said "hey we can loan out money that isn't there and no one will know so long as no one comes in to withdraw.". So they then loan out 9x Their deposits in the form of "credit" this is a hidden tax called INFLATION. And it only benefits the initial borrower because he has inflated dollars at market value. As soon as he spends ,ur money is worth less than it was seconds ago.

3 federal reserve

    This is neither federal and no one can prove their reserve. It's actually a board of 12 shareholders secret to even the president.  But I can assure u a Rothschild a Warburg and a Rockefeller hold shares .  The purpose of this private multinational corporation is to determine the needed money supply, and the interest they charge each other for short-term loans. Not the interest rate on your house. Or your car .

4 centralized vs decentralized
   In a centralized system one group holds the strings like the Fed or paycoin it's basically a premine of the entire coin.  Decentralized is more like litecoin where no one is in control and it just runs wild. Neither of these systems can work because someone has to be responsible for their actions  but too much control leads to conflict


The solution
  A mixed system which puts money creation in the hands of the users (miners) but control of the supply in the hands of the scholars (the system) the system can't create the money and the users have no control over it's value. Give them the network give us the mines

Crypto makes money easy and plentiful sometimes too plentiful.  And value is lost because there is no control only greed.  Fiat gives us stability but yokes us into slavery.  Because we have no power over it only servants. In my system the people are the masters and the system is the servant


To learn more search the altcoin announcement s for "The big idea or how to take this to the man"

wow is what i want to start off with lol, this is a long read post but sadly you do point out to alot of the truths out there, crypto was suppose to change the way we see currency but alot of it is controller by small groups or like you said the man, maybe in time this will improve to benefit every one the same way  8)