Poor guy..
So apparently GAW just "found & replaced" all mentions of "PeerCoin" in the readme and were placed with "PayCoin". Lmao. Where is this thermonuclear algorithm and flexible chain hybrid fusion reactor code?
No. The readme still says "Peercoin." They forgot to do a global search and replace.  |
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I think you should all wait..
The admin is still offline for longtime
Again offline like past
Active admin means more trust
They were on the other day and added all the new members to this list. They do that once a week. Everyone worries too much in here. |
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This post is classic. Are these morons brain damaged or something? Hundreds of thousands in rentals? Best developers in the world? Puke!   @searthy I can understand how you feel , I know some that rented Hundreds of thousands of dollars worth of rigs for this. They mined while they could. We all just have to sit tight and wait for the next announcement. I know they are paying top dollar to the best coin devs in the world to straighten this one out. Yes. They are all brain damaged. Pour souls.  |
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Look at this poor sap. Rented 50Th/s to solo mine paycoins, downloaded the wallet from the site on a server and pointed the miners.
And affter 12 hours of mining over 270 blocks I discovered that I was mining a fork because of an error in the code??
Anyone has an idea how can I salvage even a fraction or at least decrease my losses? 7,385 XPY mined on a fork with 50TH/s rented power. So sad but so funny also. Somebody on HT advised him (as a joke) to have 51% of hashing power when it comes back online and impose his longer fork onto the network and he replied, "how do I do that?" Shit is just too funny.   |
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Based on Github collaborators it looks like Veilcoin were the only devs in the world technology developed enough to handle the enormity of the incredible PayCoin (ntm) project. What a joke! http://www.veilcoin.co/ |
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So they will relaunch on sunday, im not too techy but why cant anybody relaunch it? Why wait until Josh says go?
Because he'll relaunch with a hard fork, and only that blockchain will be supported by the price support fund. Since the price support fund is the only thing this coin has going for it, whoever controls what that fund supports controls the blockchain. What fund? There is no price support fund? Don't you get that? Jeez, Louise! |
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Why exactly is the Blockchain even stuck?
Josh said because he is so popular it is the most wanted crypto coin in the world and all the hashing power (10% of bitcoin network) came crashing down on the blockheadchain and busted it wide open. That's the GAW story anyway. |
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Update:
I spoke with Josh Garza and he seemed shocked and surprised that I would try and negotiate a fair-market valuation for PayCoin [the original] insisting that he already owns the brand.
I was warned that I was wasting my time speaking with him and in fact that was the case.
Apparently, Mr. Gaza is under the mistaken impression that a trademark application is the same thing as owning a trademark and that the "best trademark law-firm" is above the rule of law and does not need to comply with many prior court rulings and precedents.
So we will continue to develop PayCoin [the original] as we have the past year - with the community now having taken it over.
And I will continue to work behind the scenes to stop Mr. Gaza from unlawfully stealing our name-brand which I feel [based on prior-art and many court-case rulings/precedents] should lead to victory for PayCoin [the Original] and the original PayCoin community.
Best regards,
Vlad
Plus, his coin is broken. ROFL. |
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I would guess he quit as prison is coming soon. Did anyone that mined today get any coins atall? I mined for 5 hours before it went down and didn't even get a drop of a coin. I am guessing gaw intentionally stalled the coin so they could sell there stock at 5000:1 ratio and finally buy the hardware they have been missing for there orders for the past 3 months.
A guy in France on HT forum mined 111 blocks with the wallet using "setgenerate true," but sadly he was on a side chain even though his chain was about 1,000 blocks long, far longer than the main chain. His wallet said he had 5,439 coins. He is sad now. Thought he was rich. |
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Homero Talk is back up Forkest launch ever. So many Christmas shopping dreams shattered... sad day in the "industry". I dunno dark coin had this many issues as well..just saying lol Well yeah, but maybe not within an hour of launch? I don't remember their launch, just their annoying ninja forks later on. This whole Paycoin fiasco is amusing mostly because it was so predictable. Overhyped, tight deadlines, quickie fork of an old coin, what could possibly go wrong. And it doesn't even have any of the innovative features. Thermonuclear, hybrid blow jobbing chain coming later. |
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Homero Talk is back up
Only the index. I cannot get any threads to load. |
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Haha its so funny. Josh is literally the most retarded person i've ever had the displeasure of seeing operate a business.
That's an insult to mentally challenged people. Calling Josh retarded is being too kind to him. |
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This "for the miners" is total crap. He sucked almost all of the reward out of the mining phase.
It doesn't change the math for anyone else, but for people in the general public who want to mine some, there's not much left to mine (and they'll be competing with GAW).
He just should have cancelled PoW instead of having this pointless exercise.
In JoshSpeak the people that own CashTakers are "mining" the coin by staking? Make sense? |
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WTF? From GAW-CEO at HT forums. Question: So 5.5 million of the 12.5 million will be minted in the POW phase. So I WANT at 1 million.
Answer: We had to reserve far more, almost double. We had a lot of large investors come in at the end. We extended the customer mining period. We also gave out coins to prime owners So what's the point of the PoW phase? There's about 1.5 million coins, and GAW's going to throw all of the hashpower they free up from converting Genesis, plus any they had for their own mining, plus whatever portion of ZenPool that's SHA-256 and freed up from converting Zens and Primes. That's a lot of cycles, and they're probably going to come away with almost all of those coins. Why didn't they just "reserve" them, too, and skip the PoW? What's the point of it? Do you really believe GAW has any hashpower to speak of. I say not. |
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so by his admission the coin will be at least 88% premined at launch. Way to start a new crypto coin on the wrong foot. The lemmings are happy because he is giving them so many coins for "free."
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WTF? From GAW-CEO at HT forums. Question: So 5.5 million of the 12.5 million will be minted in the POW phase. So I WANT at 1 million.
Answer: We had to reserve far more, almost double. We had a lot of large investors come in at the end. We extended the customer mining period. We also gave out coins to prime owners And sadly from someone on the same thread. I have enough for myself, but my parents and my little sisters will be investing / buying about $2k each with a view to seeing their investment double in the next 12-18 months or so. I feel sorry for the parents and little sisters he conned into investing in this windfall. |
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im sure its been asked before on here. what exchange has been announced for this new coin? my question seems to go unnoticed on HT.
Uh, PayBase of course. |
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Companies that are going to jump through all these hoops for 25k are definitely what is needed to take paycoin to the moon.
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The PayCoin challenge claims it has a distinguished panel of judges that are powerhouses in business but does not say who any of them are. I guess all are on NDA. |
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