Why does he need your/my money if he has such a great strategy? shouldn't he be able to get rich on his own?
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Not being able to send coins that they are supposed to is a major red flag.
Bank issues can be a legitimate excuse for fiat payments, but not when they are dragged out for this long, but why on earth can't they process a btc transaction until monday?
Hope you guys get your money back, but I hope others can learn not to fall into this trap.
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Does anyone else find it odd that the many people (it must be many people to support the site) that pay them a premium for fresh coins read this forum and are able to vouch for them?
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So - an anonymous stranger with THIEF tattooed on his forehead comes up to you in the street and says "give me some some money and I'll meet you back here and give you five times the amount back in a couple of months" You'll get rich that way for sure. to be fair double and 5x are not the same thing.
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If you happen to do the math, you may notice that your paycoins have been given a little boost. This 5% boost is designed to generate a little demand for paycoins, and maybe for us as well.
So, how does paycoinable work?
A charity then? He's not going to dump those coins because only haters and trolls dump, right? It's amazing how every once in a while a brilliant business plan like that pops up, like that guy selling gold at a discount. Granted a discount is doable with gift cards due to commissions/kickbacks, but the seller has to dump the coins so how this is going to generate demand is beyond me. Who would spend BTC to buy Paycoin to buy a gift card when you have Gyft and others taking BTC directly. Stuff like the gift cards may work for some crypto. But this shitcoin is full of people who paid between $4 and $20 or people that paid 0 for a coin that is now currently worth 8 cents. The people that paid 0 have been fucking the people that paid more all the way down, and will continue to do it. Telling people that paid 20 for something that they can get 10 cents of value instead of 8 isn't going to create any demand.
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You gotta love the rule about being respectful on hashtalk: The whom makes it respectful, everyone knows that.
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You still haven't explained how the staking will work at all.
Soon TMYou fools you didn't know how coin staking works :-) Join http://tntswap.com and publish your tntcoin address here and get free tntcoins :-) I know how coin staking works, I don't know how to turn the money given to you to purchase coins that you claim will support the floor will grow to match the number of coins in the wild/necessary to support the floor. I don't know how me giving an escrow $x for x coins helps whoever I give my coins to. Those to me seem like important questions if I were to use your coin as opposed to one of the others. As already stated several times that user can choose his escrow. So prior buying user can deal with escrow how to handle it. Like if user want escrow to convert the BTC to fiat and keep the fiat in escrow then he has to make that deal with escrow he selected. We don't have any control on it. And you are not giving money to us you are giving it to escrow to hold it for 90 days. In between if you found that its not benificial for you to keep the coin you can return the coin and get your money back from escrow. What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that. A: We don't have to give extra money to user for stake generated coins if they purchased it using escrow. Because untill they close the escrow and release fund to us they are holding our coin against security so every coin generated from that belong to us. And if they want to get their escrow fund back thay have to return actual coin they buyed + stake generated to escrow. So then what is the point of the escrow? Or the coin? I give the escrow $100. I get 100 coins. How can I use them if that cancels the escrow. How do other people get the coins. What is the point of this?
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No I just want to get in to withdraw what little XPY I have left Why on earth would you have xpy in their control after all of this? Its call Stalkers... Hence why I wish to remove my XPY continually. Sorry, I can't keep track of all the parts. That's the one where you paid them to stake your coins at a higher rate than if you held them on your own but not as much as the super trustworthy person that I'm sure is holding onto them and forgot to pay the authy bill?
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No I just want to get in to withdraw what little XPY I have left Why on earth would you have xpy in their control after all of this?
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Why does anyone want their zencloud account unlocked anyway? Are the pngs going to start using the never obsolete technology to start mining again? Did the decreasing maintenance fees get low enough to be profitable now?
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You still haven't explained how the staking will work at all.
Soon TMYou fools you didn't know how coin staking works :-) Join http://tntswap.com and publish your tntcoin address here and get free tntcoins :-) I know how coin staking works, I don't know how to turn the money given to you to purchase coins that you claim will support the floor will grow to match the number of coins in the wild/necessary to support the floor. I don't know how me giving an escrow $x for x coins helps whoever I give my coins to. Those to me seem like important questions if I were to use your coin as opposed to one of the others.
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You still haven't explained how the staking will work at all.
I buy 100 coins, so I give someone (you/escrow/who cares) $100. Then the coin stakes, I have more than 100 coins, but you/escrow/who cares only has $100 so the "floor" is not valid anymore.
How is this going to work? Presumably there will be merchants accepting the coin, how will they get the $1 per coin? do they have to go to my escrow? If they go to you with coins, are you going to give them money that someone else gave you? Now you are short dollars that way.
What is your plan for you and/or your escrows to earn $1 for every coin that is staked, because there is no $1 floor unless you have that.
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Paycoin does have a great community............. That is not enough to succeed................ (Just look at Dogecoin.) Doesn't matter how great the community is when such a large percentage of coins are held by scumbags/idiots. Any progress made can be shut down by the people holding all those coins.
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What is the point of the coin?
As you have explained it, it's not usable.
I pay 30 bucks for 30 coins, those 30 sit in escrow. Now I stake my coins and have more than 30 coins (let's just say now I have 40.). What am I supposed to do with them?
If I send 10 coins/dollars to company X for a product, I can't get my $30 back from the escrow, because you say I need to give back 40 coins to get it back. So I have 30 coins that I guess I need to buy stuff with, but what will the merchants do with the coins. If I buy a 20 coin/dollar product from company Y, and a 10 coin/dollar product from company Z, I have 40 coins/dollars worth of product but you only have $30 to pay the merchants, how is that going to work?
And that's just assuming that they try to cash out immediately, what if the stake the coins and have even more?
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I think I understand the stupidity.
I put 30 bucks in escrow. He gives me 30 coins. For me to get the escrow back, I need to give back the 30 coins plus any stake they have generated.
Why anyone would actually do this is another question, because that makes no fucking sense to me.
As to how they can stop me from just dumping my 30 coins and the staked coins, I'm guessing since it's a piece of shit coin the only way to actually transfer/move the coin will be through him, so I can't sell unless he lets me.
Why anyone on earth would get involved in this is another question completely. I asked a few times why anyone would purchase coins and stake them if they can't sell the stake but haven't found an answer yet (to be fair, this shitshow is on like 89 different threads so I may just be looking in the wrong spot).
Push the logic a bit further, let's say you can actually buy something with it, after the transaction the seller wants to convert to fiat since he has to buy whatever products he is selling with fiat... Is he going to have to account for the stake on the money he accepted? If the answer to this is no then someone only has to transfer money to a different address and cash it out for money pretending to be a third party (It will look identical on the blockchain for a standard purchase). I tried real hard to make sense of it but no scenario I come up with make sense. You have to remember that these schemes are concocted by people that fell for the GAW scam. It's hard to tell if they think these are legit plans that will work or if they are trying to scam others to make up their loss. This unusable coin /escrow system may make sense to people that thought the "investors gave us $4 a coin so we can give you $20 per coin" was a legitimate business plan, or it may just be someone hoping that the people who believe that will believe that their nonsense makes sense to make a quick buck. Either way, people that give this a second of thought will realize that it doesn't make sense and stay away. Hopefully we can ask enough questions and get enough bad/ignored answers to give a clue to people who may not be informed or who may not be thinking it all the way through.
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I think I understand the stupidity.
I put 30 bucks in escrow. He gives me 30 coins. For me to get the escrow back, I need to give back the 30 coins plus any stake they have generated.
Why anyone would actually do this is another question, because that makes no fucking sense to me.
As to how they can stop me from just dumping my 30 coins and the staked coins, I'm guessing since it's a piece of shit coin the only way to actually transfer/move the coin will be through him, so I can't sell unless he lets me.
Why anyone on earth would get involved in this is another question completely. I asked a few times why anyone would purchase coins and stake them if they can't sell the stake but haven't found an answer yet (to be fair, this shitshow is on like 89 different threads so I may just be looking in the wrong spot).
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Is anybody able to log into zenminer? Has Josh stole all our stuff there?
You had no stuff there besides numbers on a website. Any coins you gave them were lost the second you sent them.
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Is 1N9unBxizvpmJf4t3L6x558dz5r1mxj1KS a known bitmixer address? No error means it is not an address under their control, instead it is most likely an address owned by cloudmining.website which they use to collect mixed funds. These funds are then deposited to their payout address to pay users.
If it does not belong to bitmixer, then it belongs to CMW !!! How did you derive this conclusion ? Rather, it is more likely that 1N9unBxizvpmJf4t3L6x558dz5r1mxj1KS belongs to the person/service who is buying the fresh coins from CMW. That person/service is mixing the payout and then paying to CMW from 1N9unBxizvpmJf4t3L6x558dz5r1mxj1KS. That seems more logical in my opinion. Who said people are buying new;y minted coins from CMW? CMW obviously put that in FAQ so that people won't question them about minted coins. CMW is not mining... It's probably the people that were paying Bitcoins Savings and Trust way over value for coins back in the day. They needed a new supplier after that company closed down in a completely legitimate manner.
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After his whole operation is exposed as being a blatant scam to get people to deposit coins into his Cryptsy accounts, the asshole responds with a fucking smileyface? And, Coldcoiner admits to using at least two sock puppet accounts here to try to sucker people into thinking he is some vast organization. What the fuck is wrong with assholes like this? What happened to actually giving a shit about your integrity?
They got conned so they think it's ok to become conmen themselves to try and get whole. Unfortunately they are all amateurs so they will probably end up with less money and more trouble than the king.
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Please find the escrow details below and move your queries to tntcoin thread instead of asking on tntswap:
Escrow option:
Finalize the escrow the buyer want to use ( only trusted escrow service will be accepted )===> inform us how many coins u want to buy ==> we will send the coins to escrow and buyer will send the BTC to Escrow===> Escrow will hold the fund equal to 1$/coin for 3 to 6 months. ( If the buyer want to sell back the coin they can contact escrow for the same and get back the funds by giving back the coins he bought and stake generated)
Note: Only buy coin using escrow. Else don't buy at all.
Why do you need to refund the stake generated? I though every coin was worth $1? What is the point of staking the coins if they devalue all the coins I bought originally (that question seems oddly like the reason that all POS coins are really a different POS). Let me clear: Users are buying coin through escrow to protect there investment on the coin and we are offering that also to protect user funds. But if user will not return the full amount including stack generation then they can use coins they get from stake to dump and it will effect the coin value. For an example if one of the user want to distroy the coin intentionally then he can buy 1000000 or more coins because he know his funds are 100% secure in escrow wallet he can stake that coins for 3 months then return the original amount to escrow get his fund back and dump the stake generated coin on market to drive the value down. So its 100% safe for the user we will not have access to funds used by the user to buy TNT. It will be kept safe in escrow. And escrow which user prefer :-) and other part will help in avoiding dumps And it will be great if you can post queries related to TransitCoin on TNT coin thread. What is the point of staking coins if I can't sell those coins for $1?
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