Upward trend average on the base price of POT over the last couple days since pixskull's announcement. No idea if there's a correlation there, but it just goes to show that the more places it can be used, the greater potential price.

Shoot, at this point, what's to say they even hash the passwords? They may even be using plaintext on the backend. Glad I use a different PW for each exchange.

So far, no different than anything I've seen before. This isn't FUD, this is just an observation of fact:

1. You're offering to give premined coins in exchange for BTC

2. Whether you use an escrow or not, YOU the dev can't lose, you get BTC, you shoulder no risk whatsoever. If it goes down in flames, you come out richer, the buyers come out poor

3. You're setting up a web forum related to cryptocoin, with some shortcut links to the sales area - and? We have bitcointalk already

4. The IPO is worthless to the buyers because there's no *reason* to use your community, and hence, the coins tied to it

5. You don't need 10 BTC to setup a webforum. 0.10 at most, 0.20 for a competent dev

In rebuttle, Can you answer the following:

1. Other than being used on your site, what are the coins useful for?

2. Why do you need a BTC injection when it doesn't cost that much to setup a secure webforum?

3. Why should anyone use your site vs one of several others in existence already which use a multitude of currencies?

4. Why not setup a webforum of this nature to simply accept all currencies instead of tying it to a coin?

5. What prevents someone from buying all of the IPO for themselves and also taking all of the bounties -- using multiple identities -- and then crashing the coin?

The community eagerly awaits your response.

Shill accounts, gotta love'm.

Coin isn't dead. The death of the project was its owner up and disappearing, and then failing to ship products or return email. He either was running a scam the whole time, or doesn't have the maturity/mental capability to face up to the issues and handle them. Life issues arise, which is why you delegate responsibilities, even if you're a sole proprietor you pass it off to someone if you really want to see it succeed.

Consider this: The IPO people basically gave him what, 40 or 70 GPU's. How many were verified as being sold and shipped? Less than 10? How much of this was out of his pocket? $0.

He's claiming losses on his end, and I'm sure it's true he spent some of his own money.. but the reality is that by not being the majority risk holder, he had no pressure to really make the deal work.

That's pretty arrogant and presumptuous to say. I know people who lost many BTC and thousands of altcoins. It's not that they were being 'stored' there, they were sitting for trades.


Jeez those screens are small.

Surge Dev, so how's that announcement coming?

The points of your idea were brought up in general by several people throughout the life of this thread, and it never gained support. My thought is: Why use GPUC and not Bitcoin or another firmly established coin?


Before the store was designed, I gave them this same general speech and provided them with a basic equation and a couple of variations on how to work the price calculation. Many of us brought this up.

Best of luck to you guys wanting to make something of this.

There are a couple of folks who verified that weeks after paying, they never received a product, and he refused to respond to their inquiries. I'm not sure if it's changed in the past week, but that's status as of back then.

He wouldn't have had to spend money with someone volunteering to help, and I totally agree he blew money on some odd splitting thing. Products already exist, why was he spending thousands of dollars to polish a wheel? Makes no sense.

I have nothing to gain or lose from any of it. I pulled out of the coin entirely before it launched. What bias would I have? My opinion of his mismanagement hasn't changed, nor has my support or advice to those trying to make something of it.

I offered to help him if he wanted it--I didn't want to be a business partner, I just wanted to see the idea take off. I asked for no additional benefit for my help, I was going to provide services and support out of my own pocket just to see the coin take off.

I also offered more than just a farm. Everyone here complained about his lack of presence, the lack of products shipping (which still haven't shipped for some customers), nobody helping them out, nobody talking on the forum in an official manner, etc. I had offered to be that guy. Jaymes refused to talk to me. I don't hold a grudge against that because I had nothing to gain anyhow.

And when you have a business coin, you want to ensure no forks occur and that transactions are always being processed, regardless of anyone else mining the coin. This is why you have a dedicated mining network. Other business related coins have them. He didn't see the benefit.

And here we are today.


The coders were present always, but that doesn't help with the frontend issues which Jaymes held sole control over. He should've had someone helping him.

I entirely get that, trust me. But it's a 2 edged sword. People will think, this is the official coin of pot, but:

I don't see it on the ground
I don't hear about it
What is potcoin?
Can I use it at all dispensaries?
if it's the official, why aren't folks taking it seriously in the industry

Etc..

I'm not knocking them, I'm just saying that they could be shooting themselves in the foot.


Ok but that goes right back to my point: Where is it proclaimed on the main page? You have everything but "places to use potcoin" listed at the top of the page.

Jaymes held votes to determine what the customer base wanted to purchase from the store, and stocked the store accordingly. He didn't just arbitrarily chose cards which were too expensive.

But it's the 6th of may, and about to be the 7th for some people. I thought this was coming the 5th?

It doesn't help that the website doesn't have an easy access link to where potcoin is being accepted--unless I missed it.

Prominently displayed is the 800 number, places to buy potcoin, accept potcoin, etc. But no link for merchants. While this may be elsewhere, it should be right on the main website headers.

I'm guessing it's somewhere and I missed it, but that's my point--if I don't know of places I can spend it ..........

They also continue to proclaim being THE OFFICIAL coin of pot, but they're not. They're one of several, until one is clearly chosen by the community and heralded by 3rd party groups as the official coin.

Find out that Jaymes was running a scam all along? I guess that would be like salt on the wound. but beyond that, not much worse.

The true good that came out of this is on the development team: They've earned some solid rep at providing support and quality code.

This seems to go back to what was said a page or 2 back. Without the business frontend, the coin is just another coin, so what's the point? Figuratively speaking.

While I get the spirit of what Jamis is saying, the reality is slightly different. The NSA, if /that/ concerned, would simply have field agents on the ground working the social factor. They'd be a paid worker like everyone else, growing, trimming, shipping, etc. Inside information is cheap and easy.

Also, the US govt got turned on once they saw how easy it was to trace cryptocurrency transactions. With potcoin it's no different. There's a fiat input and output at some point, and everything between is traceable easily by computer. To think it's anonymous is a bit silly.

To see it as a useful payment system, then yes it would be that.

I still support potcoin.. we'll see where it goes.

If you re-read my posts, you'll see I was very supportive in the beginning hundred or so. The more I got to know him and the trails of destruction he left behind, the more I simply vocalized what others didn't want to believe.

I still remained supportive to people when they needed help. I tried to help this coin from launch, and even after relaunches 2 and 3. I offered servers, development, mining farms, media support, on-the-ground shipping and coordination.. the whole lot. He refused all of it. Imagine if he'd partnered with someone local, like myself--the business wouldn't have failed due to "personal reasons".

If by badmouthing you mean I hold the owner solely responsible--like everyone else--then sure. None of my statements have been exaggerated or without basis. I even offered multiple times to go find him in person to see if he could get back on the forums, or to be a mediator of contact between he and the forum, but you guys weren't interested.

I got out while the getting was good, so did some others. I'm sorry if you weren't one of those lucky few. I tried to steer people away from wasting their electricity and hopes, not out of any personal vendetta, but because I want to see the community as a whole do well in crypto and I don't like seeing people get taken.

Asiacoin was a clear scam from day 1.. I refused to get near it, lots of other people avoided it as well. Sucks for anyone who got caught in it.

I doubt Jaymes, who's claiming large losses (despite seemingly having liquidity in GPU cards which you guys bought him), would turn the business over for a $1.

He tanked the business. He should honestly just give the remaining cards back to the community, or have an escrow sell them and split the funds up among the folks.