[2015-01-03] Medium: Paycoin and the North American Bitcoin Conference

[LiteCoinGuy]

Paycoin and the North American Bitcoin Conference

Over the past few weeks, we’ve seen Paycoin’s crypto market cap rise to the third spot globally, behind only Ripple and Bitcoin itself. Paycoin/Paybase CEO Josh Garza accomplished this primarily by saying that early investors would be handsomely rewarded when the (97% pre-mined) coin went live, and guaranteed a $20 floor price. (In other words, if you bought in at $10, you effectively double your money by dumping as soon as it went live.) Further, he claimed that you would be able to shop online on Amazon, Walmart, Target, et al using Paycoin, a feat that even Bitcoin has yet to accomplish.

https://medium.com/@Cryptonight/paycoin-and-the-north-american-bitcoin-conference-28afa85ac11e


note: this is the biggest scam since mtgox.

[odolvlobo]

Paycoin and the North American Bitcoin Conference

... Paycoin/Paybase CEO Josh Garza accomplished this primarily by ..., and guaranteed a $20 floor price. Further, he claimed that you would be able to shop online on Amazon, Walmart, Target, et al using Paycoin, ...

Neither of which actually happened.

Incredibly, even though Paybase now claims that they can't support the $20 value because it would be illegal (not true), they show this on the Paybase site:



Paycoin is a classic pump-and-dump (though I suspect that they never got a chance to dump).

[CoinMode]

Paycoin and the North American Bitcoin Conference

... Paycoin/Paybase CEO Josh Garza accomplished this primarily by ..., and guaranteed a $20 floor price. Further, he claimed that you would be able to shop online on Amazon, Walmart, Target, et al using Paycoin, ...

Neither of which actually happened.

Incredibly, even though Paybase now claims that they can't support the $20 value because it would be illegal (not true), they show this on the Paybase site:



Paycoin is a classic pump-and-dump (though I suspect that they never got a chance to dump).

This was mostly likely all tied in with credit card companies. We know Josh has no ethical or moral boundaries, and this entire thing just wreaks of massive bitcoin manipulation combined with paycoin to make it look like the market was organically shifting to centralized digital payment systems.

[Lethn]

We warned everyone about GAW, if people still choose to buy into this bullshit they've dug their own graves.

[XCoinCall]

Eagerly awaiting their explanation 

[turvarya]

Paycoin and the North American Bitcoin Conference

... Paycoin/Paybase CEO Josh Garza accomplished this primarily by ..., and guaranteed a $20 floor price. Further, he claimed that you would be able to shop online on Amazon, Walmart, Target, et al using Paycoin, ...

Neither of which actually happened.

Incredibly, even though Paybase now claims that they can't support the $20 value because it would be illegal (not true), they show this on the Paybase site:



Paycoin is a classic pump-and-dump (though I suspect that they never got a chance to dump).

Just looked at https://paybase.com/(I hope it is the right site) and it says the price is 4.31 USD/XPY
lol

[crazyearner]

Seeing so much happen with Paycoin past and present and making claims of holding $20 value. did it happen? Nope not even close to and now falling apart so hard. And also people trying to push back the price up and it went poof down again and if more people buy from GAW will be shocking to see people buying from them in the future. Maybe they are doing this as a ploy and trick and then price will rocket up. Who knows only devs and their team will prevail and we shall find out other than that its on the down trend with  very little buying and even soon as it spikes up a little plummets back down again.