Just lost all my respect CoinMarketcap. shouldn't of been strong armed with how you calculated paycoins market cap
I'm also disappointed. It's widely known by now that the creator is a pathological bullshitter who makes up huge claims purely for sales. Everything they do/claim is a marketing ploy that always fails to materialize. There are no investors who bought 4.8m paycoins for $100m and and there aren't 7.2m coins distributed to customers. Most likely likely 50-500k coins have been distributed to customers and the rest is owned by GAW. 11.5 million coins haven't even been moved since being premined. |
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One measure of success is in customer satisfaction, and there's plenty of that if you look away from this thread once in a while
You mean look away from any forums where free speech resides? Scientology also has great reviews when you ask anyone still in the cult. I wouldn't consider most of their their customers satisfied when they need to ban/silence a new dissatisfied customer daily. Seems most of the "founders" and early GAW activists are gone and replaced with other less informed cryptonoobs. Looks good, I'll check it out. Not sure I'd compare GAW to a cult though. Maybe for some of the more rampant cheerleaders on HT, but the user base and reputation is widening every day from what I can see. I'd definitely compare GAW to a cult. Here's a list of traits of a cult (bold if it applies to GAW): - The group displays excessively zealous and unquestioning commitment to its leader and (whether he is alive or dead) regards his belief system, ideology, and practices as the Truth, as law.
- Questioning, doubt, and dissent are discouraged or even punished.
- Mind-altering practices (such as meditation, chanting, speaking in tongues, denunciation sessions, and debilitating work routines) are used in excess and serve to suppress doubts about the group and its leader(s).
- The leadership dictates, sometimes in great detail, how members should think, act, and feel (for example, members must get permission to date, change jobs, marry—or leaders prescribe what types of clothes to wear, where to live, whether or not to have children, how to discipline children, and so forth).
- The group is elitist, claiming a special, exalted status for itself, its leader(s) and members (for example, the leader is considered the Messiah, a special being, an avatar—or the group and/or the leader is on a special mission to save humanity).
- The group has a polarized us-versus-them mentality, which may cause conflict with the wider society.
- The leader is not accountable to any authorities (unlike, for example, teachers, military commanders or ministers, priests, monks, and rabbis of mainstream religious denominations).
- The group teaches or implies that its supposedly exalted ends justify whatever means it deems necessary. This may result in members' participating in behaviors or activities they would have considered reprehensible or unethical before joining the group (for example, lying to family or friends, or collecting money for bogus charities).
- The leadership induces feelings of shame and/or guilt iin order to influence and/or control members. Often, this is done through peer pressure and subtle forms of persuasion.
- Subservience to the leader or group requires members to cut ties with family and friends, and radically alter the personal goals and activities they had before joining the group.
- The group is preoccupied with bringing in new members.
- The group is preoccupied with making money.
- Members are expected to devote inordinate amounts of time to the group and group-related activities.
- Members are encouraged or required to live and/or socialize only with other group members.
- The most loyal members (the “true believers”) feel there can be no life outside the context of the group. They believe there is no other way to be, and often fear reprisals to themselves or others if they leave (or even consider leaving) the group.
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That's pretty strange considering ~11.5m coins haven't been touched in the past 5 days.
GAW doesn't own the customer wallets... they just host them. How exactly does GAW host customer wallets without owning them? If 60% are out of their control, then there isn't a possibility of 51% from the primes colluding. 52% of the 50 primes would only require 26% of all coins. I find it extremely unlikely that GAW does not control 26 primes. |
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Unlike the smartphone which has loads of unique/useful features, Paycoin has no features other than the promise of getting rich quick. The coin will have useful features, such as escrow, hashspace messaging, time-based contracts, voting and more. None of this is unique, but it's packaged all together to make the coin more useful. Oh it will? Are you a fortune teller? My magic Chrystal ball is telling me GAW will do what they've always done and bullshit their way to success without actually doing anything. GAW couldn't even build their own coin so they had to completely rip off an existing coin, you actually think they will be implementing any bitcoin 2.0 features? The only way that happens is if paycoin survives long enough for GAW to copy/paste the features from bitcoin. Yeah, I don't see any built-in security against a 51% attack specifically in the code. But the attack still requires collusion between a majority of prime controllers, and a bad actor(s) can be ejected from the network. All it takes is one prime to call a vote for ejection. So theoretically, GAW (or the collusion group) would have to own 100% of the prime controllers. After the ejection, Orion controllers can bid to become prime, thereby also securing against collusion.
And what if the bad actor is GAW who controls 100% of the prime controllers? Conspiracy theories abound... doesn't make them real. You're not understanding my point. With bitcoin, the network is controlled by whoever owns the most hashrate. Anyone can build ASICS if they have the money. With paycoin, the network is controlled by whoever owns the most paycoins. GAW premined 95% of those coins and you just have to trust that they are delivered to other people. One system is built upon trusting math, the other is built upon trusting a serial bullshitter. |
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Found some more interesting bits. There are now 6 Primary investors that own Prime controllers. They are: A large group of private partners and myself. This was done under a separate company, and provide GAW with Prime controllers to fund it's Hashstakers. GAW will pay the investment group out of it sales of Hashstakers One nonprofit 4 other private investors. https://archive.today/b7q8oSo 6 people control the entire paycoin network? Sounds to me like there might be 5/50 prime controllers not owned by GAW. Well, all customer coins were released last night, all at once.Even though we knew the market would stabilize, we were a little concerned about what would happen to prices immediately after. It's been about 12 hours and we have almost fully recovered! That's pretty amazing when you consider the the bulk of all XPY are now out in the wild.https://archive.today/2qKXN That's pretty strange considering ~11.5m coins haven't been touched in the past 5 days. |
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Yeah, I don't see any built-in security against a 51% attack specifically in the code. But the attack still requires collusion between a majority of prime controllers, and a bad actor(s) can be ejected from the network. All it takes is one prime to call a vote for ejection. So theoretically, GAW (or the collusion group) would have to own 100% of the prime controllers. After the ejection, Orion controllers can bid to become prime, thereby also securing against collusion.
And what if the bad actor is GAW who controls 100% of the prime controllers? |
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Sounds incredibly pointless.
Paycoin is like a cryptocurrency for people who don't like or understand cryptocurrency.
And that's the market GAW is going after. Most people don't know, don't care, or just don't understand cryptocurrency. But if you give them an easy way to use it, they will. It's just like smartphones. Before they were around, people didn't even know what they were missing. Now, you'd be hard pressed to take it away from the masses. This is where GAW wants to go with paycoin. Get it out there... make it easy to use, and understanding and adoption comes hard and fast. It only ends up being good for bitcoin as well, and lends legitimacy to it as an alternative. Bitcoin isn't going anywhere. Visa and Mastercard live successfully side-by-side, I don't see why bitcoin and xyz coin can't do the same. Unlike the smartphone which has loads of unique/useful features, Paycoin has no features other than the promise of getting rich quick. A large amount of the initial 12.5million coins are staked in the prime controllers. This weight is what gives these special nodes authority for the transaction's authenticity. There are 50 prime controllers staked with at least 1% of all available coins. The rest of the coins are now in the hands of the former hashlet owners' wallets, and the last little bit are being mined now... and floating around on exchanges.
So... no... GAW doesn't control 96% of the hashrate or the stake rate.
Can you prove that GAW doesn't own 50/50 prime controllers? So prime controllers basically means Visa/Mastercard/Paypal where Gaw can change/block/reverse any transaction they chose, they will control the ponzicoin blcokchain....that's not crypto
Or... you could go read the source code and point to where this is possible? You mean the source code of peercoin which includes absolutely none of the features claimed by GAW? I think he's refering to the multiple times Josh stated that you will be able to reverse payments, freeze wallets, recover lost btc, all without the private keys. Then again this could have been thrown out the window like everything else in the ever changing pipeline. |
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Gocoin?? WTF is that? I seriously think that Titcoin has more merchants lined up than Paycoin. OK- They are mostly porno, but the last time I checked, that is the #1 business on the net , right??
P.S: What is next ?? Integration with Ripoff coin?
Wait if it's a bitcoin address, isn't it technically a bitcoin transaction? I don't see how any of those transactions would count as paycoin transactions. I could make purchases in altcoin converted to bitcoin instantly using shapeshift just as well couldn't I? You are missing the point. Why do that manually when you can do it directly and transparently through paybase? Joe Sixpack doesn't know the difference between BTC, XPY, DOGE, LTC, or a hundred other coins. But he does know that he can use this one coin and payment processing system without having to worry about multiple steps, sending funds here, there and everywhere. They just get what they want as easy as using fiat. Sounds incredibly pointless. Paycoin is like a cryptocurrency for people who don't like or understand cryptocurrency. |
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Edit: We have customers that use grcooling solution.
And they haven't posted pics so we can drool over their setup? What's wrong with them? |
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What's your problem with GAW?
I can't speak for suchmoon but here's just a few of my problems with GAW: - Blatant lies/false advertising almost daily - Zero transparency - Zero independent audits - Purposely creating cult like mentality - Combining every get rich quick scheme known to man - Using every manipulative marketing tactic known to man - Ever changing contract/TOS - Extreme censorship of any critic (or even supporters who post something slightly critical) - Blatantly ripping off several companies and pretending it's their original idea. (I've yet to see any service by GAW which they didn't copy) My question to you would be, will you still hand over all your personal info even if GAW refuses to prove they are registered a MSB? |
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Looks pretty nice although I would have to say the datatank is still my favorite. Speaking of which, did you ever get to test any rockerbox miners with 2 phase IC? |
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It's a bit disturbing how many people have no problem giving an insecure/unaudited company enough info to commit identity theft when they aren't even registered as a MSB and have no obligation to require this info.
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The only point I'm here to make is being made. Anyone can launch a smear campaign, with baseless fodder. The reason we can all talk about pyramid schemes, and ponzi schemes is because there was proof. Not just opinions. When you look for proof the allegations here fall apart. I would refund my purchases if there was proof. It really doesn't work that way. As puppet nicely put it: A ponzi is defined by the absence of a mechanism to generate revenue or profits (in this case: mining hardware). Proving something is a ponzi would therefore require proving a negative. You can not prove a negative, so in theory its possible any of the companies I labeled as "ponzi" are in fact mining. But thats like saying in theory its possible unicorns do exist or that its possible that Nigerian Prince who emailed you yesterday, really inherited a $500M gold mine concession and wants to share it with you. You can not prove thats not true either, but to most sensible people the complete absence of evidence is a very compelling to dismiss the claim, and thus certaily reason enough not to invest there.
All we can do is look for indicators, like paying out the old investors using funds from the new investors (never from actual mining proceeds), refusing to provide a mining address, or showing pics that amount to 1/100th of your claimed mining capacity. Out of the claimed 200,000 customers of theirs I see 50, maybe 100 people pissed about different issues. 4 have reported them in the typical legitimate old school ways. 3 resolved satisfactorily Maybe more have secretly. And when that information comes available publicly I will accept it if its factual. I believe most huge retailers would love to have those stats.
Anyone can make up numbers. In fact jimmothycoin has 500 million users world wide and zero complaints. Impressive right? Fact is there is zero evidence to support the countless unbelievable claims GAW is making. There is however plenty of evidence to suggest they are all/mostly BS. So your saying every company everywhere is a ponzi scheme? That's intelligent. I mean theres no way to prove a negative. So the whole world is a ponzi scheme. The universe, god, rocks, the color gray, its all one big ponzi scheme. I'm enlightened, thanks :/ That's not what I'm saying at all. Several companies have proven they aren't a ponzi/fractional reserve, GAW is not one of them. |
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The only point I'm here to make is being made. Anyone can launch a smear campaign, with baseless fodder. The reason we can all talk about pyramid schemes, and ponzi schemes is because there was proof. Not just opinions. When you look for proof the allegations here fall apart. I would refund my purchases if there was proof. It really doesn't work that way. As puppet nicely put it: A ponzi is defined by the absence of a mechanism to generate revenue or profits (in this case: mining hardware). Proving something is a ponzi would therefore require proving a negative. You can not prove a negative, so in theory its possible any of the companies I labeled as "ponzi" are in fact mining. But thats like saying in theory its possible unicorns do exist or that its possible that Nigerian Prince who emailed you yesterday, really inherited a $500M gold mine concession and wants to share it with you. You can not prove thats not true either, but to most sensible people the complete absence of evidence is a very compelling to dismiss the claim, and thus certaily reason enough not to invest there.
All we can do is look for indicators, like paying out the old investors using funds from the new investors (never from actual mining proceeds), refusing to provide a mining address, or showing pics that amount to 1/100th of your claimed mining capacity. Out of the claimed 200,000 customers of theirs I see 50, maybe 100 people pissed about different issues. 4 have reported them in the typical legitimate old school ways. 3 resolved satisfactorily Maybe more have secretly. And when that information comes available publicly I will accept it if its factual. I believe most huge retailers would love to have those stats.
Anyone can make up numbers. In fact jimmothycoin has 500 million users world wide and zero complaints. Impressive right? Fact is there is zero evidence to support the countless unbelievable claims GAW is making. There is however plenty of evidence to suggest they are all/mostly BS. |
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So you're flaming me because I won't 'make up' an ethics modifier for the last possible 4 points... why exactly? I already applied the -5, that's as high as it goes [now] without a regulatory body's involvement.
Blackarrow is joint 2nd last, ahead only of a totally bankrupt company, I'm not sure what you expect to happen.
Don't you see how flawed your ethics rating is? You've given the least ethical companies 5/10 yet BFL (who has made significant improvements) is guaranteed 1/10 because no matter what you will just keep adding new criteria to make it happen. So there are 0 reports, as you've confirmed, everything else is conjecture and not something you can justify destroying a company's reputation over. And again, they already have a lower score of 55, in the same league with Bitmine, BFL and KNCMiner. I assume even if they had a rating of 20 you'd still be flaming for a lower score in the same regard.
I didn't destroy their reputation, they did it to themselves when they faked cgminer stats, threatened the community with frivolous lawsuits, and refused to ship a zues board to MrTeal for 100 btc. How can you justify advertising this company when we've seen zero confirmed reports of their new hardware, and only maybe 5 reports of their old unimpressive hardware? (all from noobs) If i start a company and drop ship a rebranded miner or two will you add it to the list? Or am I required to send you a miner? |
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LOL trust you to get the only one that doesn't adjust the fan.
Tried contacting support?
Not yet. I'm trying not to mess with my miner during the paycoin gold rush. |
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I've updated dogies guide rating from 5/10 down to 1/10
Why is BA 5/10 ethics even though they are several times more unethical than the current BFL? In fact I'd say they are the least ethical company still selling hardware.
We've been though this so many times... Show me an ethics score modifier that I can actually apply to BA. Why don't you just randomly add one like you did for BFL? It's clear as day that hashcoins is a scam.
Apart from they're delivering Apollo and Ares orders absolutely fine, and there are ZERO reports of the Zeus being 'dodgy'. If you're absolutely 100% sure its a scam, then I'll take you up on a 10 to 0 escrowed btc bet. If their Zeus boards are even remotely close to as they claim, I get 10btc. If not, you get an I told you so. ....Which will happen right, because you're 100% sure? If you're not, then you shouldn't be flaming me for not marking a company a scam which has ZERO reports from CUSTOMERS about Zeus boards being bad. There are zero reports of bad zues boards being bad because nobody has ever received them. Looking through the entire hashcoins thread I found only one guy who received a zues miner and it was the unimpressive version. I'm not going to make a bet because I'm only 75% sure they are a scam but 100% sure they have some ethics issues. MrTeal was willing to give them 100 BTC if they were able to sell him a zues board that performed to spec and they declined. Why do you think? |
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Hey jimmothy you have to restart minergate after setting the fan, it doesn't adjust on the fly.
Tried that as well as rebooting and turning off and on the psus. |
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I cant believe Guy sent ASICMINER shill a free product.
Same here. Even so the idiot cant even operate the damn thing.
What a fail.
Not sure what you mean. I've been operating it since about 15 minutes after it arrived at my door. |
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- Packaging. Not impressed with the cardboard padding.
How can you not be impressed with the cardboard padding? What would be a better packaging in your view? Foam padding seems to be the industry standard when shipping electronics. Also you can change the fan speed in Settings tab. How come you can't change it?
I can change the setting but it does nothing. I've even tried the presets with no luck. |
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