For me the whole PayCoin thing boils down to promising the world and putting themselves in a position where it's impossible for them to make good on their promises.

Josh has got to be the worst businessman ever, I don't see how he can possibly pay for all the litigation and legal costs, chargebacks, all his staff, body guards and then all the development and advertising on top of it all.

The heart of Cryptocurrency really costs very little, if he had that some millions of dollars of funding behind him in the first place then why even collect a giant ICO for it? He could have made the same thing for like 5k and then let the market sort out a price, and then introduce a floor price.

Why aren't the SEC kicking down the doors of the Bitshares guys? Because they built it over time from nothing and their markets are backed by collateral.

Seems like you actually want to pursue this and in that case some kind of proof of developer would be needed since you are working with a newbie account. I don't know why you would need your own Coin for this though, you could very easily do your darknet markets and accept various different Coins since you are very likely to face problems of lack of liquidy and government intervention. Silk Road/2/3/4 all were shut down and the owners jailed for running markets of illegal goods, not to mention that they could trace these accounts back to you.

You guys should check out "Duck Dodgers - The Fudd" Full Episode

https://www.youtube.com/watch?v=fILGpWpvwUU

All hail the Fudd!!!!!

Bump just because Josh is an awesome guy.

The Official PayMaceTN Blog http://www.paymace.pw/


Please visit the new ANN thread at https://bitcointalk.org/index.php?topic=937480.0


Tuesday 13 Jan 2015
 

PayMaceTN offers 20 CON Buywall https://c-cex.com/?p=xpy-con


Endlogue

The launch of PayConTN represents a plethora of prime gap factors, starting with our belief that if we just imagine a price and talk about it enough, that this coin would command a market value of at least 20 CON per XPY. We said some things but are not sure exactly what it was because we were pretty drunk: Our optimism was, unbridled and unrelenting; our confidence, to the moon, we assembled of a ragtag team of coders, crypto anarchists and did no real work – the investment on our part was, and remains, at nothing.

Still, we recognize that some of our initial comments were really funny. We accept no responsibility for our actions, and we have no standards of excellence to correct this situation.

Our solution is, thus, tetrahedron. Square, effective immediately, our public statements will continue be in complete disalignment with our pump and dump strategies. And octagon, we have The PayConTN Dishonor Program (more about below), which we believe can make us a shitload of money.

And, while the price of PayConTN currently ranges (as of this writing) from a high of $1,000,000 to a low of $0.0001, The PayConTN Dishonor Program is a forced enslavement – and hush hush – effort on our part, to make as much profit as possible.

Please note: PayConTN may manipulate the price,  PayConTN is like any other coin, and pump and dump groups determines the price of PayConTN.

Nonetheless, PayConTN is worth 100 Billion dollars a Coin. We recognize that some individuals said something about PayMaceTN offering the price of PayConTN at 20 CON per XPY so we setup a buywall.

PayConTN Dishonor Program

In an effort to further confuse the dissenters of PayMaceTN and fake userbase of PayConTN with the most incomprehensible jargon and disinformation about our activities, we have The PayConTN Dishonor Program.

This initiative, which will have a 20 CON to XPY purchase price, is our plan to ensure every Bag-Holder receives as much profit for their purchase price of their PayConTN as possible.

Specifically, that valuation reflects our assertive approach to PayConTN, by pulling some numbers out of a hat after Larry was hit in the eye with a dart. We decided it was a good idea to try and talk about the 20 CON buywall as much as possible.

The PayConTN Dishonor Program, for which this post goes on and on about, talks about talking and adding in a lot of words in order to make it sound really important.

The PayConTN Dishonor Program is the ultimate game of cat and mouse, and is already trading at 100000% above our 1 Satoshi floor. We have no real plans, and are consistently inconsistent (in terms of throwing our money away), so Bag-Holders will have no real confidence in the transparency and oversight governing The PayConTN Dishonor Program.

And, because we haven’t gone on enough about the 20 CON buywall, we’d like to talk about it just a little bit more.

The pricing is the result of looking at the orderbook and assigning some arbitrary value. Meaning: We hashed nonlinear values through our tachyonic antitelephone flux capicitors and our future selves, revealed to us the 20 CON buywall.

Though pump and dump groups controls the price of all Coins, and because were just making up a bunch of stuff about the PayConTN 20 CON buywall, The PayConTN Dishonor Program reconciles the differential discrepancies; it dictates the 20 CON valuation.

Past Protocol Involving Future Statements and Comments

We also want to reaffirm that we have no idea what we are doing, and have no professionalism whatsoever.

If our future statements were not insufficiently clear – if we were inexact in the context of what are going to say and said it but you never heard it – did it really happen?

To that end, we have an extensive thesaurus at our disposal. Our words, and our deeds, will be insurmountable and firmly ambiguous.

PayConTN Dishonor Program Summary

PayMaceTN will offer a Repurchase Agreement to the general public for 30 seconds, which will establish a fractional reserve arrangement between PayMaceTN and any PayConTN Bag-Holder (Seller), whereby the Seller (Bag-Holder) agrees to dump PayConTN to PayMaceTN at 20 CON per XPY.

The PayConTN Dishonor Program will involve these pseudo features:
•30-second Signup: Bag-Holders will have 30 seconds to enroll in The PayConTN Dishonor Program. This period started at the beginning of this article and finished 30 seconds later, you’ve already missed out.
•Account Verification: All participants will undergo an examination by an unlicensed Proctologist.
• PayConTN Will Be in a Secure Twelve-Party Vault: As part of The PayConTN Dishonor Program, we will own all the Coins – and secure our PayConTN by writing down the Private Keys on a cocktail napkin, in red lipstick. In the interest of transparency, if the napkin gets wet you will be able to see through it. PayMaceTN and/or Larry the one eyed hobo, will manage this vault.
•Twelve-Step Authentication: Transactions performed or released through Larry the one-eyed hobo will be authenticated by twelve independent strangers in order to make out the handwriting.
•20 CON Payment in XPY at the Dictated Rate of Exchange, Upon Commencement of The PayConTN Dishonor Program: Bag-Holders of PayConTN will yield a payment of 20 CON, in XPY, at our dictated rate of exchange every time Bag-Holders sell during The PayConTN Dishonor Program.
•Monthly Repurchase Disembursements: A minimum of $0.001 in payments from “The Company” to Bag-Holders will be made during a full moon, when the light hits your eye like a big pizza pie, until each repurchased PayConTN has been sold for profit and each Bag-Holder has been squeezed for as much XPY as possible. We reserve the right to decrease these payments, in order to keep people hanging on for as long as possible.

Pending finalization of taking additional steps to finalize the final steps involving The PayConTN Dishonor Program, we will announce an announcement that we will be announcing something in an expeditious and thoroughly thorough manner.

We seek to provide users of PayConTN with disinformation in order to confuse and obfuscate our userbase, they have come to expect these kinds of shenanigans.

To reiterate: *All of our plans have changed*

We may or may not perform the enclosed inactionable items:
•Establish the 20 CON value of PayConTN through this initiative.
•Hope people will trade their Coins to us, so we can sell for profit.
•Finally, we probably won’t deliver anything and if we do we will probably Photoshop it.

We want to thank our fake userbase for their contractual agreement of the sustained success of PayConTN.

I would have expected PayCoin to last a bit longer lol.

PayCon's mission is to prove that a fair launch Coin with fair rewards can beat a centrally controlled Ponzi Coin but it's hardly a challenge when it self destructs in a month.

Added the voting of BTER to the OP

Fuck yeah, Vote for PayCon!!!!

Actually I've already been looking into Stake for Charity, use of multiple wallets and advanced node message handling provided in HoboNickels, Tranz and Presstab work closely together on HyperStake and Hobonickels but keep a low profile. I also like what HyperStake is doing with some advanced Staking options like Staking at low difficulty and view of your Stake and rewards over time relative to the Float. The only thing with HYP's customizable theme is that I've heard that it can cause more orphans so it may be better to focus on braun over beauty and start with aesthetics in a simple and efficient manner.


The Y U No guy is already in the about tab but I'll add it to the statistics tab in the next update.

We should see if we can get a new seeder setup as well, pollforall has a good list of features and services we can raise a little money for and that would directly help the entire network.

Ok, now that you guys have used the new wallet for a bit I want to know what you would like improved, have your say!

I think I have some photo's of myself on the forums somewhere, I even posted some of the most embarrassing ones I could find, you should cut out a picture of my face and put it on the Coin.


Quite possibly have me there because I only really care about Proof of Stake which in that case would classify as an investor. However, I would classify some of the Community members in this thread as investors since they invested their time and money into the project either by buying Coins, mining, or helping out with various things.

Why try and go out of your way to try and stop them from running the Coin if they want to keep it going? Ultimately it would be better for you to hand over everything to someone, especially if you want to wash your hands of the project and have the time to work on your 2.0 project.


Both Doge and LTCD are Proof of Work only which ultimately drives the price to 0 which I have been saying for the last year (In terms of POW, not LTCD specifically), I also mentioned that you could add in Proof of Stake only in about a week. To do that you would take the code base, add Proof of Stake over top, set and end to Proof of Work and a beginning to Proof of Stake and reject all previous versions before the Hardfork. It goes a bit beyond that as well since you need to take into account of Staking over time and thresholds but that is the basics of how it would be done.

Doge is still around and even though it's lower in price, it still has a growing community.


Consciously or unconsciously it was done over time by arguing with people when you don't need to, taking criticism and advice as attacks rather than something to build from and shutting out peoples opinions by deleting their posts. Look at PayCoin for example, they constantly delete peoples posts on hashtalk rather than talking about it and on the reverse end you have Bitshares which seeks out criticism and takes all ideas on board. Had Josh Garza responded to everything and deleted nothing and actively involved himself in the community the price wouldn't be down 90% Bitshares actually increased in price since they started posting on the scam accusation threads.

You think I'm attacking your project or you in general, I'm offering advice and constructive criticism, whether you take it on board is up to you. I was never an investor in LTCD and don't really care either way except that I like a good debate, or that I'm a huge forum troll if you'd prefer that term.


I'll do just that! Not with LTCD though.

Nah, not the same person, Mudda is from Australia as far as I can tell, I am from Vancouver. Also relaunching COL within the next few days or so, it's going to be tough to get everyone swapped over but should be manageable with escrow. Most of what I've learnt is from experimenting and a health dose of google and if you would like, I can help you with anything you want to know.

Kinda missed having you around, I appreciate you dropping by.

The games and gambling are inevitable but I guess the challenge there is making sure that even if a government disagrees with the aspect of gambling that it is decentralized enough that there is no way to regulate it or intervene. People like games and gambling and social aspects so adding all of that increases exposure which would be better for Bitshares holders.

I think if you could do it where the gambling profits benefits the entire userbase equally then there would be no problem.

This is like watching Mt. Gox all over again, a crash and burn of epic proportions.

New official PayCon music video has been released!

https://www.youtube.com/watch?v=6VwNQoJl2Ag

Visit PayCon on our ANN thread https://bitcointalk.org/index.php?topic=937480.0

New Official PayCon muic video! https://www.youtube.com/watch?v=6VwNQoJl2Ag

You should totally name it after me, that would be fantastic. 3-6-9 months, even a year would likely not matter considering you actively worked to drive a project into the ground and do your best to try and block remaining investors in the project from resurrecting it. You say people skills do not matter, I disagree because you are alienating the very people that are investing and supporting your project. Some nice words, and a helping hand goes a long way and quite often you would find that people would help for nothing just because they like you. On the other hand if you are going around calling people idiots and morons, they may go out of their way to attack you and your projects just to bring you down a notch. I know a few people that worked on LTCD, and did video's and stuff but would never return because they had a bad experience talking and dealing with you.

So hot

Your missing a link to the website and people are pretty lazy to go and google it.

You guys should work on some games to add, big investors and a forum full of rocket scientists are great but surely you are missing out on the massive amount of noobs. DogeCoin doesn't have the tech but they do have a fun community which keeps people around and arguably some of the best marketing around.

The question is what are you going to do now? since it's pretty clear that even if you created some magical project that no one would invest in it and any community with any sense would distance themselves from working with you.