Bitcoin declined from 1200 to 300. lol. Just because it has gained value against $ doesn't mean it's not risky. I could buy a soda for $1 in 2009 and I can do the same in 2014. Can't say that about bitcoin.

I'm not taking sides but you can't compare one that's 4 years old and one that's just 2 days old. It isn't fair to the one that started late. Give it 4 years and then we can judge.

lol.

May be try looking at Bitcoin chart when it first started.

Right, you have no reason until you can get something out of it. If they throw 10% discount every time you use XPY then lot of people would jump on that opportunity.

Currency is something that you use to purchase something whereas commodity is an asset that you hold until it gains value. How many people purchase something with BTC? only handful. There is a reason price is declining and it wouldn't if we had buyers and the way price is declining I'm not even sure if we'll ever get more buyers. It looks too risky at this point even as an investment. Risk to reward ratio is too much for lot of new investors.

lol, you're right but they probably have lot of other things on their hand given the circumstances and they aren't trying to spend all day online answering questions.

like losing in crypto isn't enough. lol

http://coincreator.net/

 

What's wrong with that?

We all are proof of BTC value decline. It's not because it's not good but we have only handful of people who use BTC as currency. Majority use it as commodity.

Money speaks. I have not seen anything "official" from any of those retailers regarding the involvement of XPY myself but I don't think it's something that's impossible if you got the money and strategy. I'm not sure why they would just throw that info randomly if they haven't been talking to those retailers. It would hurt their business more than anything. As far as I know, Josh wouldn't create fake news like that just to gain profit from p&d. It's on their paybase site loud and clear. Anyone can report it to those retailers and there will be lawsuit. I'm pretty sure Gaw is well aware of it.

I think two of these things would happen:

Gaw would shut down because of lawsuits and fraud.

OR

XPY will rise like there is no tomorrow.

From business point of view second option makes more sense if I want to build trust and attract more customers. I wouldn't fraud anyone if I was him just for quick profit when I already have a successful business.

not sure. May be they're trying answer each question with as much details as possible.

Thinking that world revolves around Bitcoin is idiocy.

Live and let live.

It’s come time for our company to respond to the criticisms of some in the industry with straight-forward, transparent information about GAW Miners’ operations. This thread will establish the foundation of truth - answers to questions our critics have leveled. For the next 30 business days (M-F), We will post a single question taken from the community and answer it as plainly and openly as possible.

We will keep this page here, and will continue to post a question and answer each day.

Some facts before we begin

PayBase is a cryptocurrency payment processing business owned by Business Technology for Cryptocurrency, LLC (BTC). BTC is also the parent company of GAW Miners (GM), a Bitcoin and Litecoin mining business.

GM was built to bring integrity and professionalism to the cryptocurrency industry - an industry, that to this day, suffers from one fraudulent blow to the next. PayBase was built to bring cryptocurrency mainstream, and to do so as a properly licensed and compliant MSB (Money Service Business).

PayCoin is a coin built on the Proof of Stake model. Paycoin investment took the form of a private pre-mine open to early investors and a public pre-mine available to GAW customers. Following the private and public pre-mines of Paycoin, a short period of PoW was offered to the crypto community to participate in accumulating the coin. The private pre-mine served the purpose of collecting monies necessary to support development of the coin and the makers makers creating services to surround the coin.

The public pre-mine served as a reward for GAW customers’ loyalty and for their support of GM during its growth. The Proof of Work phase served to allow some degree of fairness and access to the coin to the crypto community at large, a community which GAW sees itself as upstanding member of. After all three phases were complete, Paycoin became and is, today, a Proof of Stake coin.

(First day of Transparency)

Q: There has been a lot of controversy online, regarding the alleged promise of Paycoins being purchased back by Paycoin/GAW at $20USD per coin. Many people feel this was a promise made to the Paycoin customers that never materialized. As of this morning, Paycoin is trading at $6 per coin, far from the $20 floor that some feel was promised. Can you please definitively state what promises were made, if any, and if there is still a plan to honor a $20USD price for the coin?

When we made this commitment, we had funds set aside to purchase Paycoins at the $20 value. Our goal was to use the CAF or Coin Adoption Fund to help stabilize the value of Paycoin.

When PayBase launched, we purchased the overwhelming amount of Paycoins being cashed out within PayBase with these funds. Many coins were sold for more than the $20 target we set. A large portion of those funds were quickly used by the large volume of sell orders - sell orders that bypassed our sell limits because users created multiple accounts from which to sell their coins at this price.

This was something we incorrectly calculated and a lesson that we'll carry forward with us.

Outside of the significant drain supporting the marketplace had on our reserves, we have since learned that the CFTC (Commodity Futures Trading Commission) has specifically stated that they can hold a company liable for manipulating pricing. For these reasons (and the ones above), the “hard floor” strategy cannot succeed and we have no plans to re-implement it.

http://www.wsj.com/articles/cftc-commissioner-says-agency-has-authority-over-bitcoin-price-manipulation-1416265016

We are committed to turning the price of Paycoin around through the development of payment processing and other services to support the value proposition that Paycoin represents.

(Second Day of Transparency)

Q: How will you increase the value of Paycoin?

We want to be clear, we are every bit as committed to Paycoin as ever regardless of the current state of affairs. And we will use every ounce of our talent and creativity to bring all the features Paybase has announced. Development of these features take time.

We have come incredible features lined up for PayBase, you can expect to things no other platform has and that the industry has never seen and these features will be exclusive to Paycoin.

The majority of the Primary features of PayBase should be available in the coming quarter. Please refer to the timeline we posted on the project a couple of months ago.

(Third Day of Transparency)

Q: Why has it taken them this long to develop a platform that appears to have little functionality and no merchant support?

We have adhered to timeline we published before this project started. In fact, we are ahead of schedule. We expect to deliver early on our promised features.

PAYCOIN PLATFORM SELL FOR BTC: 19th Dec 2014 - 19th Jan 2015 (completed)
PAYBASE MERCHANT INTEGRATION: 19th Dec 2014 - 15th Jan 2015 (due in two weeks)
PAYCOIN PLATFORM DEBIT CARD SIGN UP: 20th Dec 2014 - 19th Jan 2015 (in progress)
PAYBASE SELL FOR FIAT: 15th Jan 2015 - 20th Mar 2015 (in process)

strong source

This

It's very sad to see this view but interest in crypto/bitcoin is slowly declining.

that's exactly my point. Everything is connected to each other and separating one coin from the other will make everything else suffer. Many bitcoin users come to altcoin to increase their BTC but they also waste time in calling it scams without realizing that if crypto is gone BTC value will also decline because all the user base that is invested in crypto is also invested in BTC.

Bitcoin came as an innovation and instead of taking something from it and making it better people are glued to it. It's same as people buying Nike just for the sake of owning a brand name.

Some are but majority is only criticizing it because if it succeeds it'll change how people look at crypto FOREVER. There is huge interest in XPY. 10,000 weekly orders. Someone mentioned somewhere that he is trying to take over btctalk and lot of bitcoin supporters don't want it to happen because it'll damage bitcoin in huge way. Think about all the traffic btctalk gets and if it goes to hashtalk then btctalk will be dead in few years.

It's not as simple as it looks. Go around the internet and look at comment section under all articles regarding XPY. Who the hell are those people? I have never seen so many people trying so hard to bring one crypto down. Obviously they aren't just some random people who're just trying to share their views. Nobody has that much time to go around and talk shit about a coin they aren't invested in. How many coins out there get that much hate? NONE. All of them are bitcoin supporters and only handful are sharing their views.

that's what happens when a new born crypto is attacked with accusations. It has happened to every coin out there. Paycoin is trying to do that Bitcoin never achieved. Target, Walmart, Amazon. Those are some huge retailers who don't accept Bitcoin. They're also adding debit card option which will allow you buy Paycoin instantly. Paycoin gets in it'll be a huge achievement for digital currency. Obviously, some of these bitcoin supporters can't pass the fact that Bitcoin is nothing but digital currency. Thinking that world revolves around it would only make it worse for everyone who is invested in crypto or bitcoin.

It seems like only people hating on XPY are Bitcoin supporters. They're forgetting that interest in crypto/bitcoin is limited. Look at Bitcoin it's dying and it'll be dead very soon just like all the digital currency that came before it. If anyone thinks that public hasn't heard about bitcoin they're living in fairly land. In fact majority of population have heard/lost/invested in bitcoin and found out that it was nothing but a HUGE ponzi scheme.

People who have 10 BTC invested in XPY are the same ones who have 50 BTC in their wallet and both are related to each other. If they lose interest in crypto it'll also affect how they look at BTC. It's related to each other.

Honestly, You're making BTC look bad by making it a war between BTC and crypto.

It'll never happen. Just look around in the forum and see how many people are trying to destroy it. Bitcoin & crypto will be dead by 2020.  Talk to people outside this industry and ask them what they think about it.  You'll hear one word "Scam" and that's what it'll ever become.

If a coin fails at the beginning it automatically becomes a Scam. People are too quick to judge and forget that BTC was failing hard in the begining when it first started. I don't see any future in crypto or bitcoin. Everytime I talk to someone who has never invested in crypto all I hear is "Scam" and I'm slowly changing my mind as well. Then I come to this forum which supposed to be filled with "digital currency" supporters and I see them shooting at each other coin and calling each other out. It really disgusts me and I"ll be very surprised if crypto becomes something in future than just stock exchange filled with ponzi schemes and people who're trying to bring it down.

If people don't change their attitude towards crypto you can forget about adoption. People have lost millions & billions in crypto and bitcoin. The end is near. In 20 years from now you'll look back at digital currency and regret that you were ever a part of it. Just look around yourself. The community that should do everything to help it are putting their time in destroying it but they can't see that how it's destroying everything that's going on in digital currency world.

Where can I buy one of these?