Paul, I'm merely saying that I don't think Josh is running this any more, I mean he might be but I can't see the point, he got away with millions, there might be 100k left or so to milk, why bother.

Do you think Mike Tyson sweeps the stage after a fight?

I think there is a strong likely hood that he's done a runner, I might be wrong but I might be right too

Does anyone know if the volume on paybase is included on coinmarket figures?

I'm guessing not or Josh would have manipulated it to show million plus volume a day by now!

Sort of what I'm saying, he's left someone to run it into the ground, has to sell to pay the bills and wages cos Josh has walked out with all the money. Guy's probably being paid well in XPY on top.

I don't think it's Josh dumping. I'm pretty sure he took his millions out of the country some time ago.

As such he's probably sat on a beach, looking at new properties and cars etc.

I bet he's passed on all of the systems to someone else on the proviso that as long as he can keep things seemingly afloat he can cash in all the xpy he wants to for himself, which is what you see in the daily dumps. Plus I think there will be quite a bit of volume from people who are slowly realising that they've all been conned.

It sort of makes sense, if it keeps going for as long as possible then there is more time for Josh to escape the clutches of the law.

OK, so the price has gone down a bit over the last week, but, because we have another 5% coins in circulation the market cap has been quite  stable.

Question is, how is this price being maintained. On the plus side you've got some followers believing in the buyback but no real new news for 2 days. On the down side you've got negative feedback on every forum going including hashtalk. It doesn't make sense to me. I see the odd dump of coins now and again but this is pennies to what Josh must have taken out. Is it just some favoured friends left to pick over the spoils?

Seriously at a loss to explain the current behaviour. Most of us here I guess expected a crash, and I should think the devout expected a slow rise, but, we are stuck here for a week with no progress either way.

What is going on?

Serious question, please no cartoons or insults etc.

Looking at coinmarketcap just now I see there are now more than 13 million coins in circulation.

I swear there was only 12.7 last week, where the hell have all the new coins come from !!!!!!


Wonder who got them all lol.

.06 That's the highest it's been for a few days. If I had any I think I would sell on that

...at this rate it will be at $50 dollars by tomorrow and Josh will be kicking himself for not getting people to commit to selling them to him for $20 !!!


...or back to sod all.

Ahh, but users now have a button to pre-register for a scheme that will pay them 100 million or so for their coins. Don't ask where this is going to come from. Too the moon boys.

paycoin has just gone from 0.038 to 0.047.

That placeholder is causing a moonrush

Price has just gone up 25% because they have a website where they can try to register for a buy back.

I say try cos it its meant to send a sms message to confirm your id.

But of course it doesn't work.

WTF did the price go up???


Hmmm, must be a multi million dollar business we have here no?

Hashtalk - Post:Where are all the whales?

Original post here: https://hashtalk.org/topic/31222/where-are-all-the-whales/2

I can't respond on smashtalk but I'm guessing the poster of this question has noticed that trading is very thin thus someone could walk in and buy up all the shares forcing the price higher and thus control the market selling it back at higher prices.

Well that might be possible with most coins, don't forget that a certain individual pre-mined 12 million coins and kept most of them for himself, so while a whale might be able to come in and take out the coins in general circulation, he will only be making a market for GAW to dump more of his pre-mine.

Please feel free to post back on smashtalk, I seem to be unable too

For everybody thinking that they should hold on cos they lost too much already.

The alternative view is you could sell today and buy twice as much next week.


I'm going to post this every week it holds true.


Just saying

That was my first thought. Emails between clients and lawyers just don't get leaked.

$2,000 for a jar of sauce!

So was thinking, Josh had been bigging up the buyback, everyone expected details to be made public on the 1st Feb but instead he says he can't announce because of legal matters.

This triggered a 50% fall in the price. I question what the real motive was behind not making the announcement? I'm sure Josh could have made up some sort of detail that would have satisfied most people and boasted the price to maybe between $5 and $10 allowing Josh to dump more of his pre-mine.

But he hasn't done this, why not?

I think there are two reasons.

a) He would have to declare the company bankrupt immediately as the company does not have enough funds to cover future liabilities.

and/or

b) Publishing details of the buyback could provide definitive evidence in a future court room that Josh intended to run a Ponzi scheme.


Any thoughts on this please?

....and 20 minutes later I see paycoin is now in eight place.


To the moon lol

Price is in free fall at the moment.

I think 5th place on coinmarketcap could be lost within the hour

That's what I was getting at, if they believed the buyback was true then the price should be rising. I guess on the downside you've got extra coins now coming into circulation but not a massive amount to affect the price.

My point is that if you believe in the $20 buyback then you would invest in xpy as btc fails. But it's not so it appears users don't believe. If you don't believe in the buyback then surely the value of paycoin is close to zero?

Staying on topic, I see Paycoin continues to fall as we get closer to the buyback.

OK, If you take the price against btc then it's not fallen much in the last 2 days but the buyback is in dollars so as we get closer to the buyback (May?) shouldn't the price be going up?