Lmao he's the laughing stock of the entire legal community It's almost September 4, did he go back yet? Or is he going to jail for contempt? Might as well start his life sentence now. He's at the SEC as we speak.  |
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Oh thank you, we mainly use the new thread for all communications as that gets updated so you should probably be updating from there or the https://github.com/Crestington/PayCon repository |
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to anyone here who still thinks scrypt.cc is a scam...
i have only found "Evidence" as perpetrated by a handful of individuals, some of which have had their entire post count generated here, on this thread dedicated to scrypt.cc's announcement/support, on an off-topic they injected and have ridden.
If scrypt.cc is a scam, then this is my last post, as i will be spamming the report button linking to this page. Moderators please review all the claims and make a judgement as to whether scrypt.cc is indeed dangerous. If it is, close this thread and place a warning telling users as such. If it is not close it anyway and inform the OP of this because it is way too far gone to be directed back.
Personally, i cannot verify the claims made, even as i am using the site. And as such, please use your moderative powers to do something about this nonsense. there are few forums so under regulated as this one...
Kenny, Kenny, Kenny... if you unzip that red hooded jacket a bit you might be able to see a little better. First of all, mods aren't going to evaluate the legitimacy of Scamzi. They will delete off-topic posts, spam, etc. If you want proof, look at ckolivas' note on the BitAffNet thread. As a mod, he's made it clear that the mods' duty is not to censor based on their evaluation of a particular investment/project/etc. If you find anything off topic, like shitty poetry, report that and it will likely be removed. That being said, since you missed this the first hundred times: Here's a short summary of the facts: 1. Investor fraud began immediately when Marcelo advertised he was selling shares on a mining farm when no mining was taken place. This is investor fraud by US law and likely in other jurisdictions. 2. The 850 Gh/s claimed which is now closer to 600 Gh/s, cannot be accounted for on any Scrypt coin network and coin liquidity analysis on exchanges does not show volume sufficient to exchange enough Scrypt coins to support Bitcoin payouts on this site. 3. Rewards have steadily diminished now for months, despite significant improvements in Scrypt mining conditions. This resulted in a price drop and extended many people's ROI into neverland. 4. Many people had 37,000 KHS mysteriously removed from their accounts. This has not been explained or corrected. 5. Many people have had multiple support tickets deleted with no resolution. 6. Many people have had withdrawals cancelled and/or shown them as processed when they were never sent. 7. When KHS was converted to MHS, the overall availability went from 850 "GHS" to 600 "GHS" with no explanation as to the reduction7a. During this conversion rounding was used and many people lost KHS 7b. Once the conversion took place, the commodity was immediately devalued below the 100 satoshi per KHS threshold once again devaluing portfolios. 8. At multiple points, many people have had auto-invest force turned on, resulting in additional loss of accrued BTC. Funny that you're coming after people in regards to their account age and post counts, when this was something you didn't find relevant when I called you out for it. No no, you have missed a zero. When there was the conversion the 850 GHS became 6000 GHS, not 600 GHS so scrypt.cc has 5 times the amount of all the litecoin network. |
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nah, wasted time. he's probably too afraid to answer emails without an attorney... What if the e-mail comes from free-attorney.org with a subject line saying "Scared? Don't know this type of law? No problem! We'll represent you in any and all SEC investigations, and we don't get paid unless you do!" Not that I'm suggesting to do anything like that to Carlos. Leave the poor guy alone. Not worth the time to email him and might border on harassment, there is probably quite a few here that never lost money on XPY anyways. We've got some geniuses at work here, I wonder who suggested that he just tell the SEC that he was scared and frightened and wanted a lawyer? because that was an epic fail of an idea. Per the Court’s Order, Garza has until September 4th to comply or show cause why he need not comply with the subpoena. The Garza case further illustrates that although fear-of-self-incrimination, when properly communicated via assertion of one’s Fifth Amendment Rights, may be a valid grounds for refusing to testify before the SEC, simply claiming general fear, nervousness or intimidation, is not enough.
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I know many people keep talking about the mythical 850 GHS but I seem to remember about 20-30 pages back when KHS became MHS that the "mining power" became about 6000 GHS. Kenny keeps talking about absence of proof and not wanting to look through the 400 pages in order to find it, quotes of the people not receiving their withdrawls and auto-invest being re-enabled and the MHS change could probably be added to the scam accusation thread.
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The main mistake that the new developers made was not becoming a part of the Bitcointalk community, this is where all the developers are and the largest community so they should face everything head-on rather than quietly working away in the background. quote; Crestington The new developers would have been better served to scrap paycoin altogether and start afresh. Paycoin will always have a permanent "scam" tatoo despite best intentions. The "new developers" are the old developers. This thing never had a shot. A coin needs to have a reason/purpose to have value. People don't like to admit it, but bitcoin's value comes from the fact that people were able to use it to buy drugs, and because of fraud on Gox. Paycoin's purpose was to stall and come up with a way for Garza to get more money from muggles after the hashlet cloud mining scheme started to wind down. It succeeded. Continuing on after that is stupid. There are so many coins in the hands of scumbags and/or bagholders that there is no way for this thing to move back up. No, what they should have done was to scrap the Prime nodes to allow everyone to Stake at the same rate because then it would allow for small buyers to be able to make returns for Staking. The drop was inevitable without that floor to support price but atleast if able to Stake at a higher rate then the small players would have been able to offset some of that drop so they would have only lost 90% instead of 99.8% The biggest thing that most everyone failed to realize was that when money goes into any Crypto, there must be the same amount of further investment for all previous holders to be able to make profit so you don't want a massive marketcap because you can't make those gains. Maybe there will be a time when the marketcap will be able to support all of it's holders but considering the low volume, it would have to be much lower than it currently is. Kenny Rodgers said it best. You've got to know when to hold 'em Know when to fold 'em Know when to walk away And know when to run You never count your money When you're sittin' at the table There'll be time enough for counting When the dealin's done |
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A quick illustrated history of XPYJanuary 2015. Started the month at ~0.03 BTC, ended the month below 0.01 BTC. Lost more than two thirds of its value. http://i.snag.gy/wk7yN.jpgFebruary 2015. Started the month at ~0.008 BTC, ended the month below 0.004 BTC. Lost more than half of its value. http://i.snag.gy/Q2aNg.jpgMarch 2015. Started the month at ~0.0035 BTC, ended the month around 0.0021 BTC. Lost around 40% of its value. http://i.snag.gy/G89an.jpgApril 2015. Started the month at ~0.002 BTC, ended the month below 0.0006 BTC. Lost more than two thirds of its value. http://i.snag.gy/6nvM0.jpgMay 2015. Started the month at ~0.00060 BTC, ended the month below 0.00045 BTC. Lost more than 25% of its value. THIS IS THE BEST MONTH TO DATE - ONLY A 25% LOSS IN ONE MONTH!http://i.snag.gy/e5rUZ.jpgJune 2015. Started the month at ~0.0004 BTC, ended the month around 0.0002 BTC. Lost around 50% of its value. http://i.snag.gy/MOjBf.jpgJuly 2015. Started the month at ~0.0002 BTC, ended the month around 0.0001 BTC. Lost around 50% of its value. http://i.snag.gy/Ui8s6.jpgAugust 2015. Started the month above 0.00010 BTC, ended the month around 0.00006 BTC. Lost around 40% of its value. http://i.snag.gy/09FLT.jpgTotal loss during the first 8 months of 2015: 0.03000 BTC to 0.00006 BTC, or 99.8%, or to 1/500. If you had invested $10k you would now have $20 (without the "k") - there's your floor. Actually you would have even less because BTC has declined by about 20-25% too. It's the worst investment of the year by far, I feel bad for the people who plugged in so much money into it only to lose it all. A Coin can lose a lot of value quickly when there isn't the interest or the marketcap to support it and when people will sell it for a loss. The main flaw in the XPY model was (and is) the prime wallets, this is because only a few people are able to Stake at 300% (now 25%) but at 5% a year if it drops below your buy-in then you are forced to sell at a loss and often people would sell it at a loss because they need to pay bills etc. and then the coins sold at the low end up as the sell orders which further drives the price lower. Considering there was no 100 million CAF fund, it would have been FAR better to just run it with no premine at all or if using the premine they had, then to set the price with no expectation from a very very low point. It is NOT about how big the marketcap is, a marketcap is largely meaningless because you need enough people in order to support that price, it is about how little money can be spent in order to achieve the things you want and that the volume can support the amount of Coins being bought and sold. The main mistake that the new developers made was not becoming a part of the Bitcointalk community, this is where all the developers are and the largest community so they should face everything head-on rather than quietly working away in the background. Whoever owns the prime wallets needs to be accessible, keep accounts of expenditures and full transparency because that inspires enough confidence for people to buy. Anyways, that's my opinion as to why it fell so hard and I think it still can lose another 80-90% in price with the very small amount of volume it has. |
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Ok lol I give I have android wallet being built (est. 2-4 days), a new CON website nearly complete, promo video being worked on plus to have the latest wallet built as 2 versions so users can choose between TOR and non-TOR but the only real changes there are addition to Multi-Send GUI and a small fix to the hashsettings. Mostly just little things but hey, development is development  Next stop will be CON party in Vegas! |
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Paycoin is dead and I doubt that it would resurrect someday. RIP XPY  So sad  Finally... $ 0.012129 (-13.09 %) 0.00005335 BTC (-12.02 %) .. Only 5334 satoshi to go! Great for shorting if you set your orders low enough  I shorted at 5185 and sold for profit at 5340 This made my day kudos Haha not long now until CON is worth more than XPY  Got a super secret surprise coming within the next week. or maybe it would be multiple surprises?  |
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Paycoin is dead and I doubt that it would resurrect someday. RIP XPY So sad Finally... $ 0.012129 (-13.09 %) 0.00005335 BTC (-12.02 %) .. Only 5334 satoshi to go! Great for shorting if you set your orders low enough I shorted at 5185 and sold for profit at 5340 |
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its notmal phone wallets dont stake no need to look at this Well, they did not use to stake before, but its changed now Transfer coin (TX) has released first Android staking wallet about one week ago ( https://bitcointalk.org/index.php?topic=1150229.0), so I believe such staking Android wallets will become common very soon. I'll ask them about it and poke around, see who I can find that has more experience in making them. |
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I am Staking PayCon |
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If that could be done, then surely a better alternative would be to have a wallet that does that automatically by creating a running "genesis block" and keeping it say 6 months (or less) behind while retaining the last 6 months of blocks.
This is basically block-chain trimming, right? I am not a programmer, but I am a conceptualizer. If I understand this, it would have to be set up so that it would be created every so many blocks... Like every 1-million blocks. So when the 1,000,001 block arrives it has code that automatically pulls in the information required. Then after 1,000 more blocks go by, the 1,000,001 block becomes block 1. Is this possible to implement? We just need someone who can code it. I really think we should do this if possible. All problems would be solved.  I mentioned this before as suggestions to other Coins as something I'd like to see happen and work with a few people to achieve something like this. What you would do is parse all the addresses of the current chain in a snapshot, then a new genesis Block would be created with 100% premine and all the Coins sent to the addresses of the previous chain. You guys should talk to SuperClam from CLAMS, he would be able to give you a better idea about it but you will need to look into the znort Blockparser https://github.com/znort987/blockparser and the sidecoin project https://github.com/AugurProject/sidecoinStill fuzzy about how to be able to do it myself though but maybe I could help in some way? I haven't been able to track down anyone that was able to help me with it, I had talked to a developer from CamorraCoin and he was going to help but then disappeared. |
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CoinyeCoin was launched in 2014 as a joke and for some people to make a quick buck, Kayne West tried to sue them but failed to, the Coin died for a while and had a short rebirth only to die again but I'm sure you can still mine it.
If Kayne West runs for president I think he'd have to be a republican, they managed to get George Bush in there but Kayne West? I guess they are just chucking things at the wall and hoping for fish sticks.
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Have you done Android compilation with Coinami? https://bitcointalk.org/index.php?topic=713649.0The issue I have with an android wallet would be holding the entire chain on your phone so over time it would consume a fair amount of resources. Coinami is open source and uses an electrum server to create a lightweight client. Is this something that you think you would be able to do? If that is not possible then just the standard client would be fine, I have BTC available for the work. |
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Hi HashEngineering!
I was wondering what options you have for android POS?
I don't do POS wallets. One idea is too look at the Blackcoin Wallet, which is for android. Not sure if it is still supported. Have you looked at Coinami? Yes, I forgot that I have actually forked that wallet for a different coin. However, that one requires electrum servers. So what Coin did you fork it for? I notice that electrum uses txindex=1 but not all Coins support that function (PayCon doesn't) so then would that need to be added to be able to use electrum servers? or is there a workaround? |
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Well an android wallet would really need to Stake, just be light on resources as you could Stake elsewhere and have access to the Coins with the android wallet.
I'm assuming it's a typo? But yeah, you're right, no need to stake on mobile. Typo? I mean that if having an android wallet that isn't Staking, you could have a copy of your wallet Staking on your own device (such as a PI) and have a copy of the wallet on your android and would see the Staked transactions. Well you can find Coinami here https://bitcointalk.org/index.php?topic=713649.0I have been looking through the setup of electrum server for light clients but might need some extra work on it, I have contacted Coinami support to see what they would have to say. Coinami is open source and has some nice build guides so I want to see if I can build it (or get some help with it). |
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For those of you wondering about the Stakebox mentioned, I got hold of the guy who designed it about a couple questions regarding upgrades and memory capabilities. The StakeBox is based off of the Raspberry Pi 2, it has 1GB of RAM. I am looking at other, more capable, devices for an upgraded version of the StakeBox. As far as updating wallets, I just finished setting up simple, one click updating of wallets through the web interface. I need to get that info up on the website today. If you have any other questions feel free to ask, thanks.
I have this one and works great. You don't need anything more, it's complete as it is. I'm running 4 crypto wallets, one of them as a node and a complete web server. Normally it's consuming between 1.8 and 3 watts. I've installed team viewer and I am controlling it through my desktop computer as if I was working directly on it. It's a very good, complete and cheap solution. Ainol is well know by the desing of it's mini pc which keeps the temperature of the processor pretty cool http://www.ainol-novo.com/ainol-mini-pc-black.htmlLooks nice and can be used as powerbank It´s Win 8.1 , the stakebox is Linux and special web interface with easy one click updating wallets etc. Cres: Yeah, PayCon Android wallet would be nice. I've been looking around for a few people that could do it or help with it. I like Coinami and that would be the ideal solution, to have a lightweight client but could have it done for 2 BTC but it would hold the entire chain, that is not really perferrable though since space requirements of mobile devices aren't great for holding full chains. So you need like a staking MultiCon? Well an android wallet would really need to Stake, just be light on resources as you could Stake elsewhere and have access to the Coins with the android wallet. |
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Thanks Paul <3 (Felix is me.) LOL. Sad times for the few remaining dumb as dirt Paycoiners, they seem to be outnumbered by trollios over there. Hard to believe this Krumz guy appears to still be a true Belieber in this blatant and obvious scamcoin. P.S. Looks like the Hamsters are only able to muster about 5 BTC at the last bastion of full unit monetary pricing of XPY: The Pennywall at around 43:  https://bitcoinwisdom.com/markets/cryptsy/xpybtcUnbelievable there are still people buying this coin. I don't know, at this point I start to feel sorry for them Time to get out now! Penny incoming! Sell sell sell! |
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The mob makes people disappear everyday without a single trace. That is, if ever such an organization were to exist and perhaps need some money laundered with new technology only to find themselves risked in a federal investigation of some sort by some fraudster who was a bad actor.
SEC investigation and jail might just save garza and his brother's (scamiam666 aka carlos) lives... @samiam666 is this why you were so scared at your interview and didn't understand? Is it confirmed that SCAMiam666 is carlos? If you were writing under some pseudo name, maybe it might be something that is linked to you in some way or have some meaning. Why would Samiam be defending Josh so diligently after so much time? Would have to be someone close to him and Carlos statement to the SEC sounded a whole lot like "your comment merits no response" that Mr. Samiam kept going on about not to mention that if you go back that he appeared right around the same time Carlos lost his license. Just a google search of Carlos Garza and Samiam and looks like it's his favorite model he is following on twitter so I give it a full match, 100%Naturelle on the other hand is a bit of a stab but has the same type of posting language. Hey samiam666, where are you? You said we made the SEC investigations up. Are you afraid to post here now, because everyone can see what a stupid fucking asshole you are?
Afraid? No. I just see nothing that merits a response. I'm sorry I called you names. Shouldn't have done that. You were wrong about the SEC, but that does not justify my insults. Anyway, I'm glad you're back. Are you Vik from Badbitcoin? Do I need to spell it out for you guys in plain text? I'll give you a hint...  and even a second hint for those who have been following for some time  |
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