What you are doing is gossiping. Maybe you just what things to be said that you can attack. None of us knows why the 37MHs was taken form many accounts. (Some people claimed other amounts.) Maybe it is a part of a string of thefts or part of another hack or even some crazy set of bugs ... I don't know the why and I don't know anyone that does know.
im starting to understand why it says Warning: Trade with extreme caution! below your username. why would you care? the site stole from you and you are trying to understand why instead of trying to gain back what you own would you accept this from any service provider? People accept that because they realize that their only hope of getting back what was stolen is convincing some other genius to deposit some coins so that some of them may trickle down to previous marks. Be careful in threads like this, it's almost impossible to tell the difference between an idiot who doesn't realize they've been robbed and an asshole to realizes it but is a big enough scumbag to convince others to participate in hopes of getting some money back. I think this is the best way to learn. Anyone who has been around for a few years and has considered options other than just buying out right has been subject to some kind of scam, in some form or fashion. It's very easy to keep your money and coins. First, don't expect anyone to give you free money. Second, don't' get caught up in the arguments and nonsense. how many pages are arguing whether the guy is robbing people or there are several different instances of incompetence/bad luck? the correct response to both options is the same. Get out as fast as humanly possible. |
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Paycoin is too good for bittrex and criptsy!! Paycoin needs an exchange big enough for the volume like kraken, bitfinex and bitstamp. Bittrex removing it is good news!
I have began seeing some Paycoin auctions up on ebay which is pretty funny when you think about it. Gotta keep moving to find the next mark. Garza set up all those forums because of threads like this. They spread out into other forums after those got filled with people who were scammed, and now everyone on those forums realize what paycoin is so they need to go somewhere else to ditch the bags that they are holding. |
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What you are doing is gossiping. Maybe you just what things to be said that you can attack. None of us knows why the 37MHs was taken form many accounts. (Some people claimed other amounts.) Maybe it is a part of a string of thefts or part of another hack or even some crazy set of bugs ... I don't know the why and I don't know anyone that does know.
im starting to understand why it says Warning: Trade with extreme caution! below your username. why would you care? the site stole from you and you are trying to understand why instead of trying to gain back what you own would you accept this from any service provider? People accept that because they realize that their only hope of getting back what was stolen is convincing some other genius to deposit some coins so that some of them may trickle down to previous marks. Be careful in threads like this, it's almost impossible to tell the difference between an idiot who doesn't realize they've been robbed and an asshole to realizes it but is a big enough scumbag to convince others to participate in hopes of getting some money back. |
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So...
What exactly is the difference between having your own coins in your own wallet and giving them to him?
The only advantage I see is if you have less than the number of coins recommended for one single block in order to achieve a stake within a period of time that you think is reasonable. The problem with this is all the PoS coins are not exactly expensive...
With that said, there are plenty of businesses that rely on ignorance and/or laziness of the masses so that shouldn't be held against him.
From the little I've seen, and because I myself am too lazy to bother and research this, I don't see this as anything else but someone offering (for a price) their own wallet for those that either can't or won't use their own.
If you have your own wallet(s) and know the basic concepts of their use you will most likely not use this "company". If you don't have the ability or knowledge required to have your own wallets you'll probably use something like this.
Just my opinion...
The more coins you have in a wallet the more coins you can stake, so putting your coins into a bigger pot to stake will generate you a bigger return than keeping them yourself, so 1 wallet with 100 coins in it will stake more coins overall than 10 wallets with 10 coins each combined. That is where this could make sense. I get a bunch of people to put a bunch of coin x into the same wallet so that we will get a bigger return together than we could all get on their own. The problem with this is that they are collecting and distributing btc. What they do with the btc can be done transparently and clearly, but they don't do that. If I got a bunch of people to stake coin x and the coin crashed, we lose, but we knew what we were getting in to with coin x, so that's on us. in this system, you don't have control over what coins are staked, so you are relying on someone who locks threads and possibly lies about his crypto experience to distribute the coins properly. My biggest concern is that by without allowing users/prospective investors to see the wallets on blockchains, there is nothing stopping someone with questionable integrity from scamming. Imagine the price of TEK goes from 2500 satoshi to 1500 satoshi, what is stopping stakeminers from saying they had 50 btc in TEK and pocketing the rest for themselves? |
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I assumed they would be easy to find if you logged in because when I asked cyberpinoy he said that everything was on the website and locked his thread.
I'm not shocked.
That's the biggest problem with this whole operation. It may be an ok idea, and it's trivially easy to do it in a straight up and transparent manner. The fact that it is neither should scare people.
I also like how half i tied up in 1 coin when they claim that diversification will protect them from price volatility, what a joke. We've officially reached the point where it's on you if you lose money in this shit show.
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Do you have access to the see what addresses the coins are being staked in so you can see the proof that staking is happening since you lit your $1 on fire.
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Why go through the hassle of fixing a game in favor of a team that is favored to win? That's not how fixing games works. You pay the favorite to lose or pay the favorite to shave points in basketball or football.
This looks like most "tips" on this board, picking favorites, with small payouts, running up a great "record" but not making all that much money.
Then you don't understand how fixing works...Most times the FIX is with the obvious, because it is harder to detect by the books,. As naturally everyone sides with the fav.. I am in no way endorsing this as a fix... But if you followed Calciopoli (the 2006 Italian match fixing scandal). Juventus where champions and most of the fixed games were fixed in their favor. Looking good for OP so far... That was a completely different situation. It all comes down to money. In that situation top teams were bribing officials to get favorable refs to win the league and get massive payouts from the champions league and for winning the league. This is a fucking preliminary game in the greek cup between a 2nd division team and a 3rd division team. how does anyone make money by fixing it for the favorites? |
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Why go through the hassle of fixing a game in favor of a team that is favored to win? That's not how fixing games works. You pay the favorite to lose or pay the favorite to shave points in basketball or football.
This looks like most "tips" on this board, picking favorites, with small payouts, running up a great "record" but not making all that much money.
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If these threads prevent one person from giving their money to one of these or the next scammer they are well worth it.
People cashed out of pirate due to warnings, people cashed out of here because of this, people cashed out of all those places because of the warnings. The people that don't may not get their money back, but teaching people how to not lose their money in the first place isn't really a waste of time.
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No dyask in my moraliy there is no minor or major theft, a theft is a theft and this is a real big serious problem, tring to consider two tefth with two different measures, make you at my eye, not a moral person.....
Very impractical. While I agree theft is theft, it isn't reasonable to worry the same about every theft. Someone that steals a carrot from your garden in your open yard doesn't warrant the concern that someone that steals your car does. It is very easy for someone that doesn't have a stake in the game to scream bloody murder over a minor loss. The people trying to unwind from a position are in a different boat. I don't like it and I want it fixed and returned, but I much rather have all my BTC out. It is a simple matter of perspective. After the hack we lost all earnings for weeks and when they were restored it was only at 20%. That is major. That is much more important. Of all your terrible analogies this one might take the cake. This one isn't someone taking a carrot from your garden. This is someone taking a bunch of carrots from your carrot farm. The whole operation is you buy KHS/MHS, they generate coins, the site sends you BTC. There are major issues with all 3 parts of that. |
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Whenever I see people pitching trading bots I can only think... If it actually worked, you wouldn't need my money.
It depends more on return than anything. Would you say the same to the proven hedge fund managers? "I get that you've got a net worth of hundreds of millions but if you truly made money you wouldn't need mine?" That's asinine. Walmart is a profitable company and even THEY borrow (as do PayPal, eBay, and tens of thousands of other profitable companies). Stock brokers/mutual fund can do something that I can't by trading on my own, and they are dealing in much bigger markets where they don't have to worry about slippage as much as in the crypto world. As for big companies borrowing, when they do they explain in detail how they are going to pay back and why it makes sense for both parties. |
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Instead of fighting each other we need to come together to stop this scam/ponzi from taking other people's money. Isn't that the most logical thing to do at this point? Now come on let's go and start brainstorming please.
You don't need to brainstorm. Stop sending them money and it ends. |
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If he gave useful testimony there probably won't be a public record.
I would guess that it would take time to see paperwork if he didn't. If he had until the 4th to testify could the SEC do anything until the 4th was over? Then they probably won't get to a judge until Tuesday because of Labor Day.
If he doesn't testify he can be jailed for contempt, if you ware playing on PACER looking for a paper trail you can maybe compare to that nut in Kentucky to see how the paperwork is filed. The judge told her to issue the licenses on Tuesday, and she ended up in jail on Thursday.
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No, what they should have done was to scrap the Prime nodes to allow everyone to Stake at the same rate because then it would allow for small buyers to be able to make returns for Staking. The drop was inevitable without that floor to support price but atleast if able to Stake at a higher rate then the small players would have been able to offset some of that drop so they would have only lost 90% instead of 99.8%
The biggest thing that most everyone failed to realize was that when money goes into any Crypto, there must be the same amount of further investment for all previous holders to be able to make profit so you don't want a massive marketcap because you can't make those gains. Maybe there will be a time when the marketcap will be able to support all of it's holders but considering the low volume, it would have to be much lower than it currently is.
Kenny Rodgers said it best.
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for counting
When the dealin's done
Getting rid of the nodes after Garza and the lendcoin genius dumped the price to kingdom come would do nothing major. POS coins are a giant game of chicken, whoever dumps first wins. These coins have very little actual value to begin with, creating ANY out of thin air is just going to bring it down further. At least with POW coins the miners might not just dump everything they own and crash the price and get out because they'll be left with a useless piece of hardware. There is no downside to completely cashing out of a POS coin (there's also no downside for "speculators" cashing out of POW coins, or miners who have useless hardware due to the difficulty being so high because of people being bad at math). |
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The main mistake that the new developers made was not becoming a part of the Bitcointalk community, this is where all the developers are and the largest community so they should face everything head-on rather than quietly working away in the background. quote; Crestington The new developers would have been better served to scrap paycoin altogether and start afresh. Paycoin will always have a permanent "scam" tatoo despite best intentions. The "new developers" are the old developers. This thing never had a shot. A coin needs to have a reason/purpose to have value. People don't like to admit it, but bitcoin's value comes from the fact that people were able to use it to buy drugs, and because of fraud on Gox. Paycoin's purpose was to stall and come up with a way for Garza to get more money from muggles after the hashlet cloud mining scheme started to wind down. It succeeded. Continuing on after that is stupid. There are so many coins in the hands of scumbags and/or bagholders that there is no way for this thing to move back up. Actually you are wrong. Bitcoins purpose, as well as any other cryptos, are for speculation right now. The value comes from speculation (which was pointed out per empty gox). Although no one wants to admit this because the vast majority of people have rose colored glasses on. Change of topic, we need more Hitler videos. Those were funny! Blind speculation is an even stupider reason to "invest," especially when so many coins are in the hands of unknown people (or in xpy's case) unknown scumbags and/or idiots. |
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The main mistake that the new developers made was not becoming a part of the Bitcointalk community, this is where all the developers are and the largest community so they should face everything head-on rather than quietly working away in the background. quote; Crestington The new developers would have been better served to scrap paycoin altogether and start afresh. Paycoin will always have a permanent "scam" tatoo despite best intentions. The "new developers" are the old developers. This thing never had a shot. A coin needs to have a reason/purpose to have value. People don't like to admit it, but bitcoin's value comes from the fact that people were able to use it to buy drugs, and because of fraud on Gox. Paycoin's purpose was to stall and come up with a way for Garza to get more money from muggles after the hashlet cloud mining scheme started to wind down. It succeeded. Continuing on after that is stupid. There are so many coins in the hands of scumbags and/or bagholders that there is no way for this thing to move back up. |
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You are going to have a tough time finding miners that don't need electricity and can do that many hashes per second. (you have a 0 in the power use field). |
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so i would imagine many folks around here would remember this one ..its frikkin priceless (I'm gonna wear that term out around here) https://www.youtube.com/watch?v=2ZpZdeJNSV0".......Eric anything to add? ..." "No looks good to me!!" LMFAO and what a treasure trove of material like this on the interwebs. one only has to google anything garza, paycoin muggle scam whatever to reveal the massive footprint this whole fiasco has left. I wonder if Homero googles himself? ....yeah thought so Which team is eric on now? And I forgot Jonah was on that video, is he still the leader of one of the new "not-Garza" factions or has he completely disappeared? How can he claim to have clean hands after that horseshit? |
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If cex had miners that would generate more than 45 btc, why would they rent them to you for 10k?
For 10k you can get 45 btc right now, how would you ever get that high if you kept taking your payouts and giving them back to cex? All you are doing when you "cloud mine" is hoping that someone will give you back more than 45 btc over the course of time, why take all that risk and wait when you can get that many coins up front?
If cex had miners that could generate unlimited coins they wouldn't be renting them out.
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Do you think the receiver will get that cash before or after customers?
more proof for everyone else to do their own homework, because even when the government does step in to help, it may be too late, you are much better off not giving your money to assholes instead of giving it to them and hoping someone gets it back for you.
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