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The lack of understanding of things that should be common sense by those under the GAWspell is astounding.
Some say that our education system is a failure. I disagree. It all depends on what the goal really is. In my opinion those at the top of the power pyramid are doing everything that they can to make those at the lower levels into absolute imbeciles who can not comprehend what is going on. When you look at it that way the education system is a resounding success and the idiocy being being demonstrated by those easily duped into giving their money to a Flim-Flam man in this thread are a microcosm of the world at large.
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The proofs required for determining XPY is a scam are called Math, History, and Common Sense.
If you have none of the aforementioned skills then you will likely not come to the same conclusion that those who do have already done.
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How is pointing out an obvious scam "complaining"? It isn't. I have and will continue to make money off of this obvious scam. I do however have empathy for those suckers who are blindly throwing away huge sums of money on something that by every indication is a scam designed to part them with their money.
Your a hypocrite greedy dirty bags like you are what people on this thread should be whining about. and yes your clearly complaining. GAW can do what you cant so you complain while you scam people personally This is rich. Exactly how am I "scamming" anyone? And where exactly is a complaint? Pointing out facts is not complaining, but I can see that this will never register with you, so have yourself a good day, and make sure you invest every nickel in Paycoin. And please, do it today, so the rental fees stay high a bit longer. P.S: What I am doing is called "an honest day's work". I have invested in machinery and am providing that machinery for use on the free market. A scam is asking for a Hamburger today promising that it will be paid for Tuesday. Not specifying which tuesday of course, because it is always the next one....  The Paycoin devs are getting many, many Hamburgers today for a promise of payment Tuesday. Go ahead and buy Josh another Hamburger, PLEASE! |
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So he's selling Proof-of-Stake staking as a 'cloud' service? WTF?
Why would anybody choose to centralise their wallet on his 'cloud' service when you can easily download a PoS wallet and just have it running on a regular PC and staking as it should?
That's the whole point of PoS coins, to eliminate the need for constant PoW mining. It makes no sense to run a PoS wallet on someone else's server, unless you were trying to convince people you were selling them something they were quite ill-informed about and didn't realise the absurd nature of what was being shilled to them.
the ones gaw are selling are shares in the prime controller, so you get a much higher rate then staking in your wallet as well as daily returns. This is known as a Pyramid Scheme. Exactly like Amway or any of the other scams where those who buy in early get a seat closer to the top of the pyramid and leach off of all of the poor suckers who are conned into buying in later. These "winners" (Prime Controllers) are held up as examples of how much one can earn to con others into buying in at the bottom and will never actually have the opportunity to reach that status. When suckers stop buying in at the bottom, the pyramid collapses. How is it a ponzi scam? thy have x numbers of prime controllers. They set aside y amount of hashtakers for their customers, people pay them some money to get a share of a higher value object. They then get paid for the shares(stakers) they have in the controller. This helps gaw by locking up a shit load of coins creating artifical scarcity. Im not a huge supporter of gaw, got fucked over hard twice with them but with all the shit that has been flung at them the SEC and others would have shut them the fuck down by now surely? @homero_ilikebbcinass you lose all credibility when you make abrand new account, name it that then just sit spitting out bile. Do it on your main account This is typical. Someone that does not even know the difference between a Ponzi scheme and a Pyramid scheme defending this Pyramid scheme. I will try to explain this to you: A Ponzi scheme takes in money from"investors" (aka Marks, Dupes, Rubes, etc) with the promise of an outstanding return on their principle from some mysterious high return investment paid out in increments. All investors are paid the same rate of return. The catch is that there isn;t any investment at all, and the returns are paid out from the "investors" principle. The "investors" then proclaim wildly about this incredible deal and convince others to join in, and also invest everything they can as well. At some point when not enough "investors" are buying in the remaining pile of cash is stolen and the operation is shut down. A Pyramid scheme is where "investors (aka Marks) who enter into the scheme early are given returns based on a percentage of the profit taken from those who enter later. Those who enter later are convinced (conned) into believing that they too will be able to see the returns that those at the top of the Pyramid are getting and so buy in. All that is required for this to work is an endless and ever increasing supply of "investors" buying in at the bottom. This is how Amway works. This is also how the intentionally vaguely described Paycoin system is designed to work. The "Prime Controllers" are towards the top of the pyramid (Guess who is sitting on top of this pyramid), and if there are no people buying in at lower levels their fantastical return will not materialize. Perhaps now you can make a more intelligent post given that you now have a basic idea of what is actually being discussed.... |
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How is pointing out an obvious scam "complaining"? It isn't. I have and will continue to make money off of this obvious scam. I do however have empathy for those suckers who are blindly throwing away huge sums of money on something that by every indication is a scam designed to part them with their money.
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So he's selling Proof-of-Stake staking as a 'cloud' service? WTF?
Why would anybody choose to centralise their wallet on his 'cloud' service when you can easily download a PoS wallet and just have it running on a regular PC and staking as it should?
That's the whole point of PoS coins, to eliminate the need for constant PoW mining. It makes no sense to run a PoS wallet on someone else's server, unless you were trying to convince people you were selling them something they were quite ill-informed about and didn't realise the absurd nature of what was being shilled to them.
the ones gaw are selling are shares in the prime controller, so you get a much higher rate then staking in your wallet as well as daily returns. This is known as a Pyramid Scheme. Exactly like Amway or any of the other scams where those who buy in early get a seat closer to the top of the pyramid and leach off of all of the poor suckers who are conned into buying in later. These "winners" (Prime Controllers) are held up as examples of how much one can earn to con others into buying in at the bottom and will never actually have the opportunity to reach that status. When suckers stop buying in at the bottom, the pyramid collapses. |
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In perspective
He's a business man running an investment plan
The main investors expect results
He puts the heard on thin ice
The small that loose will blame themselves for moving the wrong way
When the sins of the old system become more apparent Josh will be viewed more as a saint
So now Saint's Con you out of your money and treat you like a fool? I must have read a different bible...  |
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Uh Oh. Is Paycoin Wanked?
no, it's just the diff shot up temporarily when that was screenshot The difficulty is going to the moon very rapidly , not "shooting up temporarily". I suspect the difficulty will taper off after POW is over. That is what it is and obviously it isn't profitable for a real miner (you know- the guys with actual hardware) to be bagging XPY anymore. However note that the ads clearly state "Fixed difficulty rate". Promise anything and then deliver excuses with pre-made fancy catch terms. Sure smells like a scam to me.  But hey, Josh says it's true so you should mortgage the house while the wife is at work and "invest" everything in XPY.... P.S: Gotta LOVE the catchy slogan "There's a better way to make crypto". That is the only truthful statement I can find in that ad. The problem is, it is only a better way for the scam artist running this boondoggle to make boatloads of crypto, not the poor saps sinking money into this pit. |
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Uh Oh. Is Paycoin Wanked?  |
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Amazing and quite disturbing reading over at hashtalk. A couple days ago people were going gaga and mortgaging the house to buy XPY @ .05 BTC, and then 12 hours later @ .04, and then .o3 and .02, and they are STILL buying in! I guess I am a bit of an old fart, but I recall hearing about not trying to "catch a falling knife" at least 30 years ago and it is still true. If you really are buying to hold, you wait for a definite bottom. The second bottom would probably be even better. THEN you buy in if you are going to gamble. And GAMBLING is what we are talking about of course. This talk of "investment" is pure lunacy, or maybe Idiocracy...
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I started off in this thread asking if the $20 XPY buyback was real. Answer I got: Is XPY selling for $19? Nope. This is what I figured, but a "reputable" CEO was promising this so I thought I would ask. Second question: IF Josh planned on paying you $20 for your XPY on MOnday, why would he not be buying them for $6 $5 (they dropped while I was typing) today?? Wake up.
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Retarded Homero with his dim wit investors
The video chat was comedy at its best! It's sad he's preying on the poor, elderly, children, foreigners. *And intellectually savaged products of the education system that are utterly convinced they are smart. |
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Beer alone is enough. I do not need anything else. There is so many kinds of good beers out there...
Ya, I gave up drinking a couple decades ago. Only Beer for me now. |
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Dude was going on about having the backing of "Bankers" And the main page of Paycoin says "The people's coin Bankers hate us"  |
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Josh: "We sold all of the Paycoins we could from the website @ $20 each" Paul Revere: "And then you ran out of coins? Or suckers?" Dude smirked and giggled and covered his mouth. 20 seconds later he bailed.  Edit to add blowup where you can see my chat:  |
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This makes me want to dig out a mic, LOL  "We were just talking about the integration of Paycoin into Amazon, I think it is going to be amazing" Amazing all right, especially since it is pure fairy dust. Ya gotta check this out dudes, Josh is in Da House!  Nice shirt dude. Couldn't find a vest to go with that? Let me check in my deer hunting gear, I think I have a nice orange one that would be perfect. Edit to add chat blowup:  |
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I think I smell a rat.  According to Mr. Cool on the left, "No I don't pluck my eyebrows" and "It's all fun and games until someone puts their eye out with a pair of tiny tweezers" LMFAO |
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That is some funny Shctuff. Mongboy Dude is punking him hardcore. Hilarious. Asking about how to convert "old Paycoin" into "new Paycoin" and telling the lardo he has invested his 401k in XPY because Josh always says the truth. Now the dumbo is going on about "any of you guys still have hardware miners". LOL |
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This caught my eye: https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED
1PH/s (500 units of S4) for $425,000 USD
Electricity: $80/KW per Month
Purchaser will own the physical S4 unit and electricity rate is locked for up to 12 months.
All necessary hardware is included to mine. Miners will be pointed to the pool of your choice. (Pool1-3)
Hosting Location will not be disclosed to the customer, other than it is in USA. If you’d like to resell used miner, we will provide shipping logistic for you via UPS. (These S4 will not have a packaging box) Rampant speculation follows: I didn't know that Bitmain had a US hosting facility. Now I'm getting curious if this has anything to do with GAW hardware selloff. Nice find I was looking at this just this morning. You gotta love the picture in this listing as well:  |
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I guess there is something of a chuckle here and there in this. But, I hate to break this to you, your grammar skills are about as bad as the fellow you are trying to insult.  |
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