Why do you want to invest in cloud mining?
Why do you want to pay someone to mine coins for you when you can just buy coins?
Not true, I ve been playing with some more prominent cloud mining websites and I can confirm you can make money with cloud mining. But you do need to make a decent investment and constantly reinvest large chunk of your profit. ROI is between 6-8 months, if you are smart. Buying coins is OK but we re trying to develop and industry here. Buying and holding brings nothing to it. Investing in ponzis and burning electricity doesn't do much either. It won't work until there's something to do besides making and selling coins. You may have lucked out and not got burned by any scams, but any reason for someone to sell legit cloud mining is a reason for you not to buy it, so the business makes no sense. |
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Currently it would take 78 BTC worth of XPY to find out if these work. If the historical Paycoin Price Plunge continues at near the same rate it has been, this should be down to 1-3 BTC in a couple months. For that price I would try it, just for shits and giggles. Not that 100% continuously compounding interest would make you a profit when the coin is losing value so rapidly.
I was thinking the same. Using the leaked keys it would be possible to achieve 100% per year staking if you bought 125k XPY. But to break even on that you would need to be able to sell for at least 50% of what you paid for it in a year's time. The way the price continues to plummet it seems very unlikely you'll be able to break even, even if you do "cheat" and use a prime controller key like those at the top of the paycoin foodchain do. The math on this, like every "project" since the launch of paycoin only makes sense if you start with a bunch of coins created out of thin air. |
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Exactly. And i don't work on pay coin, i did a one off job for TeamXPY.
Well good for you. Tell us, did the money you were paid that was conned from from the unwary, old men, little boys, and retards spend ok? teamxpy != gaw Prove it. I personally do not believe the fancy story that the team of crooks handpicked by Homero are not still doing his bidding. There is no way to prove it. Paul Revere hasn't answered what would constitute proof. And no attempts at any sort of proof have even been attempted. Why in the world would I believe a known liar that his hand picked team of crooks is not still working for him? There is every reason to lie, and Homero is a liar. You are not making sense here. P.S: Please feel free to amaze us all with even a single tangible shred of evidence that Team XPY and or any of the other gangs of crooks are not still working for Homero. Just to play devils advocate here Paul, I dont think this can really be proven. Sadly this is a situation where you need to take everyone's word at face value. The only thing I can suggest is actions speak louder than words and evaluate people based on their actions. Let's look at the actions of these jokers. They worked for GAW. That leads to 2 possibilities. They are scumbags who were working on an operation that they knew was a scam, or they are incompetents who didn't realize they were working a scam. You can pick which one you want, both options don't give me much confidence for whatever their next adventure is, especially if that adventure is related to the same scam like Team Paycoin and whatever the other group of jokers is calling themselves. |
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Why do you want to invest in cloud mining?
Why do you want to pay someone to mine coins for you when you can just buy coins?
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What I don't get.. they keep promoting this shop at Amazon at a 20% discount w/paycoin... Well, Amazon isn't giving them a 20% discount, so who is going to fund that discount and for how long... that's like saying "hey guys, if we loose money hand over fist people will buy our coin!" Don't think they're going to get a 20%+ increase in the coin over that, so how does that make sense?
The way they did it last time was that if you wanted $100 worth of stuff, you sent them 5 xpy, and then they sold enough enough xpy to get $100 and bought the product. Shockingly, that cause teh price to come down, I'm sure they have a new plan this time. |
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lost the quote i was trying to reply to, but don't read too much into the "strong community." That strong community is made up of people too stupid to realize they've been conned or people who know their only way out is to shill it up and pray someone will take the bag that they are holding. I wouldn't rely on that community to do anything worthwhile.
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Think about why those coins were on Gox at that time and then think about the odds of you getting any of them.
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Why does the community just not fork the coin,leaving about 4 million in the wild after cutting out the PCs rebrand the coin and try to make a go of it themselves
The only value this coin has ever had is what turned out to be empty promises from the people with the prime controllers that they would pay x for the coin. Cutting those people out destroys the value. Letting those people have money making machines + nothing to do with the coins but dump will destroy the value. the only way for paycoin to succeed is for Ganza/GAW/whoever to uphold the promises they made, but doing that makes 0 financial sense for thsoe people, so it won't happen. This thing is dead, we just need to keep beating the dead horse to stop more suckers from trying to breathe life into it. |
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Homero says "fuck your transparency":   of course Josh knows who the guys are. Why wouldn't he know who the guys in this totally independent group are. Is this a new record, he almost made it 24 hours without revealing that he is behind the new shell company thrown up as a distraction. |
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He seems to have a very weak grasp of how retail works. It's fairly typical for noobs like that to get involved in reselling shiny things like gold or iPhones and end up losing a shitload of money and/or screwing their customers, happens every day on eBay and elsewhere. The difference in the XPY universe is that it's dominated by people like that, genius investors who think they can somehow defy fundamental principles of finance and commerce without even bothering to understand any of it.
It's not like it's some complicated economic shit that they're missing, it's the basics of how the world works. I give the guy behind the counter 1 dollar, he gives me a bag of chips. He takes the dollar, pays someone else less than 1 dollar for a bag of chips and uses the rest to do something else. That doesn't work everywhere in crypto, and especially with most altcoins, and even more especially with paycoin. Dipshit here can't buy gold/phones/whatever with paycoin, so he needs to sell his paycoin to buy the gear. How can anyone fall for another one of these schemes without an explanation for what the retailer is going to do with the coins after they get them? There was never an answer for what GAW would do with the $20 dollar coins at any point, so people with brains didn't fall for that, how many times can the people without brains fall for the same thing? |
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Not even the people stuck in the scam this long are stupid enough to fall for this cpig shit, right?
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Coinshop? At least he's learning. Trying to keep that one a secret is the only thing he's done since paycoin launched that should maybe work (although he somehow found people stupid enough to buy all his other shit, so who knows).
He probably doesn't want the Alphabet Soup to find out about it. I just think the coinstand and mineral, "totally separate" companies that were announced by him on his website, used his coins/software, and shockingly turned out to be backed by him was hysterical. I'm not surprised there was something else up his sleeve, just impressed that he kept his mouth shut after starting the paperwork. |
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Coinshop? At least he's learning. Trying to keep that one a secret is the only thing he's done since paycoin launched that should maybe work (although he somehow found people stupid enough to buy all his other shit, so who knows).
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Garza learned a new word: crowd fund. a brand new way to scam FIAT. why do your agencies not stop this guy immediately?
Because despite the length of this thread, he is a small time crook running an obvious scam. They have bigger, tougher, fish to fry. They may be working on this, but anyone falling for it, especially if they fall for something new starting today, is going to lose their money anyway, there's nothing the government to do to protect the people that fall for the next garza scam. |
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This needs tagging with the little SEO story that was made. Add the two together and I believe you would never fail to see this horror story at the top of the listings.
And yes, I agree with the alleged Fraud accusations over the 9/11 Hashlets. I would have thought that Cantor would seek to get to the bottom of this fast and make some kind of statement distancing themselves from this. It's not the biggest bug on their windscreen but embarrassing nonetheless.
Toads like Ganza should not be allowed to profiteer from the events of that day or the pain of those still suffering as a result of them. Despicable behaviour.
Garza's gonna Garza. He appears to be a pro at this with little to no shame, so you the SEO stuff won't bother him while he's counting his money. SEO bomb Cantor/Fraser/9-11 scam and you may get somewhere. Start typing cantor fitzgerald into google, it tries to autofill 9/11 and their relief fund is a top result, they won't be happy with a whiff of fraud and it's the only way to get results besides waiting for the government (which probably won't be able to get much money back to users.) |
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You guys really didn't like that cryptsy news, huh? Lord that was a lot of posts.
Still not sure why that shocks anyone, but whatever. If that's the straw that breaks the camel's back for you and cryptsy good for you, get out while you can, but everyone needs to calm down over the "reputation" stuff. Gox, BFL, GAW, Vircurex, and all the other scams/ripoffs in the lending/securities/mining had no to shit reputations and that didn't' stop tons of idiots from pissing away their money, not sure why people think THIS particular instance of shenanigans is going to ruin cryptsy, but whatever.
If any journalist crusader types really want to get somewhere they should push the 9/11 hashlet scam angle to Cantor. Cantor lost over 600 people that day, they have set up a serious fund that actually does stuff for 9/11 victims. Someone in that company connected to something that even smells of fraud would be bad pr for them, actual fraud would be very bad for them. I don't think that they would be happy with a company Fraser is connected with donating money to that shit charity that they did donate to instead of one of their real ones, even if all the money went there, the fact that not all the money went there could cause them to act.
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Well this has backfired
The points I do want to make
1. We never wanted to profit off the prime node. And made it a point to make our addresses public so everyone could verify that
2. We wanted to give the people a vote. Currently its all ran by gaw and the paycoin foundation as well as other unknown parties. I think we can all agree its been a mess. We hoped this would at least give our users a say in what happens. As keeping our customers happy is the number one goal. Our vote essentially goes with the community
3. Any step paycoin takes that distances itself from gaw is a good step in my opinion. The keys were not going to be removed from the code so why not make it public and show people they now can verify those 3 controllers aren't dumping their coins. And now that we have a vote thats one vote in your favor towards removing them from the codebase all together as well as any other unknown controllers
Regardless. The overall feedback has been negative. We are open to any suggestions as to what to do with the controller. The only way cryptsy was going to benefit from this situation is if some good comes out of us having the controller in the communities eyes.
We wont be taking any more controllers that are offered to us
DO YOU REALIZE JOSH STILL OWES 75BTC WORTH OF XPY TO THE ORIGINAL PAYCOIN(PYC) DEV TEAM?  Does that mean that idiot vlad did all that shilling here for a promise of payment in the future? What a dummy. |
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Instead of destroying ALL useless high staking wallets ("Primecontrollers") and premined coins to at least give the coin a little chance to not go totally worthless they give an EXCHANGE ,which should not even stake at all imaho, an high staking wallet for 1$.
AMAZING.
Wonder how many customers Cryptsy losing today...
This is ethically reprehensible. Cryptsy breaks checks and balances. They are acting like a central bank AND and exchange. They can print the coins and since they have ownership of them do what ever they like with them. Donate them, burn them, dump them. The people do not have a say in what happens, the people cant vote against what Cryptsy does with the coin. As an exchange Cryptsy should know full and well that their sole purpose and means of earning an income should only be trading and listing fees. If they invest in the coins they trade then then are complicit, they have crossed an ethical line where now they can control the liquidity and circulation of a coin in and to the market. They are both the market and market maker. Why the SEC is NOT investigating Cryptsy outside of this GarzaGAW debacle I do not know. And if Cryptsy has no problems with doing this, then what else have they been involved in? Naked shorting coins using customer deposits?? This would be especially easy to do with Paycoin, since 90% of all XPY trades are done on Cryptsy. The fact that there are imbeciles in the Paycoin Cult that are sitting around in their Spiderman unperpants clapping like retards about this happening is shocking. HT is down, so the Paycoin Cultists are all active here right now: http://talk.paycoin.com/discussion/830/cryptsy-received-a-prime-node/p1 "YaaaaH! Now Cryptsy can pull even more shenanigans with "The People's Money". I don't trust Crypsty at all. They already keep all POS coins, imagine what they make on Dark nodes, or ARCH or whatever the new hot POS coin is at the moment. They never should have kept all of that stake to begin with! Those stake coins always belonged to their customers. Does your stock broker keep your dividends? Now Cryptsy will find religion? Only after they were given a Prime Controller? To give back what is rightfully owned by their customers? And only on one coin? On the topic of naked shorting- just imagine if you could sell more shares than exist and then cover those shares with the stake that comes out of masternodes or a prime controller. What about all the other POS coins that you stake and keep? Not sure why this is shocking. Letting their users coins sit and stake is better than any other plan I'd trust them to come up with to try and earn off the deposits, and is better than needing the coin creators to make special addresses that don't stake. Putting them in address that stakes at a HIGHER rate is obviously a different story, but don't waste too much brainpower figuring it out, the short answer is "this is all stupid so who cares." |
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I'm not sure why people are upset/surprised by cryptsy?
What have they done to show that they would turn down free money (which is all that a prime controller is)?
Are they violating some "good for crypto" bullshit ideal that they are supposed to uphold?
If someone for some reason wants to save XPY and eliminate Prime Controllers, what's the chance of that now that the #1 XPY exchange has one? The same as before, zero. I may be wrong because there's no way I'm going to real all the particulars on something as obviously bullshit as GAW/XPY, but don't you need half the prime controllers to decide to kill them to kill them? Never seen an explanation as to how that would benefit the people with the prime controllers, so never saw how that would happen. This thing has been dead from before day 1. |
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I'm not sure why people are upset/surprised by cryptsy?
What have they done to show that they would turn down free money (which is all that a prime controller is)?
Are they violating some "good for crypto" bullshit ideal that they are supposed to uphold?
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