https://hashtalk.org/topic/19085/is-paycoin-pyc-as-being-sold-on-cryptsy-and-other-websites-the-same/19Lot of speculation and going with it, I bought PYC. Found more about it. I could recover only a part of the investment.
I am sharing this because I don't want people to lose their money because of this. I made a loss of around 0.15
BTC (which is big enough for me.)
https://www.cryptsy.com/markets/view/PYC_BTC sells the wrong coin.
ICO of the new Paycoin starts in 3 days. People are buying the wrong Paycoin.
Extract:
Is PYC and PayCoin the same thing
NoWhat are the pre minted coins that Josh is talking about
A pre-mine to get the coins for the initial ICO rounds
What will eventually happen to the PYC currency which is already there
Who would care ?
What abbreviation will the PayCoin have.
Not announced/disclosed
Are there any legal complications in two coins having the same name
Do they ?
Will the PYC price be affected at the time of PayCoin release.
NoI also suggest that, two coins should NOT be allowed to have same names if the initial one is already traded in the market like Cryptsy.
