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Question: Which is the scammiest shitcoin of all time?
DARKCOIN - 5 (6%)
DARKCOIN REBRANDED AS DASH - 38 (45.2%)
CLOAK - 5 (6%)
NEUCOIN - 1 (1.2%)
DIAMOND - 1 (1.2%)
PAYCOIN - 34 (40.5%)
Total Voters: 84

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Author Topic: [POLL] Scammiest shitcoin of all time  (Read 2189 times)
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iCEBREAKER (OP)
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March 24, 2015, 07:03:21 PM
 #1

I was tempted to vote for option 1, but changed my mind to #2 at the last second.

The combination of a stolen brand and huge sneaky instamine with a blatantly scammy HYIP ROI makes it an easy choice.







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Reply with quote  #2

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GTO911
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March 24, 2015, 07:07:45 PM
Last edit: March 24, 2015, 07:39:32 PM by GTO911
 #2

The biggest Ponzi in alt history

Damn, this scam will be legendary

runpaint
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March 24, 2015, 07:42:24 PM
 #3

I would've said Paycoin, but Paycoin already stole another coin's name.  Darkcoin stole the idea to steal another coin's name, so it's scamcoinception.

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March 24, 2015, 07:44:04 PM
 #4

I would've said Paycoin, but Paycoin already stole another coin's name.  Darkcoin stole the idea to steal another coin's name, so it's scamcoinception.

ROFLMAO.  An excellent observation!


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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March 24, 2015, 08:12:44 PM
 #5

Can I vote :

Worth thread ever.  Tongue
iCEBREAKER (OP)
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April 03, 2015, 06:55:46 PM
 #6

The biggest Ponzi in alt history

Damn, this scam will be legendary



I expected Dark-Coin to win, but thought it would be closer.

Paycoin got blown out of the water by Duffman the master scammer.

Josh Garza should join THE DARKCOIN FOUNDATION, INC and learn from the pros!


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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April 03, 2015, 07:29:17 PM
 #7

PayCoin was not scam coin in the first place, not entirely. Garza just tell everyone that PayCoin will be the best and the ultimate altcoin - and it will dethrone bitcoin. He lied about his agreements with Walmart and banks... Not to mention PayCoin was premined.
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April 03, 2015, 08:28:32 PM
 #8

I vote for SolidCoin aka Microcash as the original scam coin

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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April 03, 2015, 08:55:22 PM
 #9

PayCoin was not scam coin in the first place, not entirely. Garza just tell everyone that PayCoin will be the best and the ultimate altcoin - and it will dethrone bitcoin. He lied about his agreements with Walmart and banks... Not to mention PayCoin was premined.

Your 3rd sentence contradicts your 1st.
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April 03, 2015, 09:01:39 PM
 #10

I vote for SolidCoin aka Microcash as the original scam coin

Yeah, were is Ken Armitt with the $5,000,000 he stole from MCXnow investors? Why is BitcoinExpress laying low?

There is $5,000,000 on the table for any smart lawyer that goes after Armitt and his partners.
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April 03, 2015, 09:36:03 PM
 #11

PayCoin was not scam coin in the first place, not entirely.


It probably was.  Look at the history of GAW - how can it be a legitimate business when they completely changed and abandoned everything they offered, multiple times in 1 year?  In 2014 GAW was an internet service provider, then changed to a mining hardware reseller, then changed to a cloud mining service, then changed to an altcoin startup fundraiser, then changed to a payment processor, bought coin-swap.com, and "bought" (rented) btc.com just so they could "kill Bitcoin" with their new altcoin.  All in 2014.  And they stopped selling hardware, stopped selling cloud mining, shut down zenminer, shut down coin-swap.com, shut down btc.com, stopped selling Hashcoins and changed it to Paycoin.

So...what does GAW do?  What is their business?  What is their purpose?  Nothing but taking people's money and then leaving people holding bags.  They took orders for mining hardware that never shipped.  When people wanted their money back for those mining rigs, they were offered cloud mining to earn BTC.  When people wanted their BTC, they were offered Hashpoints.  When people wanted their Hashpoints, they were offered Paycoins valued at $20.  When people wanted their $20, they were offered Prime Stakelets or some bullshit.  When people wanted their profits from that, they were offered an Honor Program to be fulfilled at a later date (which might take over 30 years, according to the official promised plan).

Every step of the way they were switching to something new, all designed to delay the inevitable collapse and string people along just a little more.  They were selling imaginary hash and paying small returns from the BTC they were taking in.  Obviously it couldn't last forever, because eventually people would want to withdraw all their BTC, and there wouldn't be enough BTC.  

So they switched people over to Hashpoints, and that's the most important part of the story.  Everything else after that was just more misdirection, because they had already taken people's bitcoin and swapped it for something they made up for free.  

At that point, they could've just launched their altcoin, let it fail, and said "oh well".  But people were so willing to throw more money into it, and GAW was so greedy, that they kept making more false promises and even sold "cloud staking" which is a ridiculous concept.  The whole point of staking is that it doesn't require special hardware or excessive electricity, so why would anyone pay someone else to stake for them?  Meanwhile, the original Paycoin is still going, and GAW's XPY Paycoin is nothing more than Peercoin copied-and-pasted with a new name - when they first released the wallet, it still said "Peercoin" in some places.  All they did was find-and-replace one word, and they couldn't even find-and-replace that one word properly.  So a child could have "developed" the coin better than they did.

And after all that, after all the lies and scams and betrayals we've seen, Darkcoin still came along and decided to steal another coin's name.

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April 03, 2015, 09:42:40 PM
 #12

There have been some scams around in cryptoworld but the Darkshit Dash beats them all

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April 19, 2015, 02:21:27 PM
 #13



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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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Buy XMR with fiat
Is Dash a scam?
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April 19, 2015, 02:23:05 PM
 #14

The biggest Ponzi in alt history

Damn, this scam will be legendary



Soul eating gingers.
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April 19, 2015, 02:35:51 PM
 #15

What, no XCoin rebranded as Darkcoin rebranded as Dashcoin? It's like three degrees of Bacon.

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April 19, 2015, 07:58:04 PM
 #16

There is difference between scam coin and shit coin. Scam coin promises something and does not deliver (also includes IPO, ICO, Hidden premine scams etc). Shit coin promises nothing and delivers nothing (coin dies due to lack of interest/growth). "Scammiest shitcoin" as you say is new category in my opinion.
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April 19, 2015, 09:10:30 PM
 #17

There is difference between scam coin and shit coin. Scam coin promises something and does not deliver (also includes IPO, ICO, Hidden premine scams etc). Shit coin promises nothing and delivers nothing (coin dies due to lack of interest/growth). "Scammiest shitcoin" as you say is new category in my opinion.
There are not to many coins around to fit both categories.
The xCoin come Darkcoin come Dash shit beat then all hands down.
It had more forks than anyone dares to count, the design of the coin promises a spectacular end.
The instamine scam is well known.
Any fool who thinks the aon is of any use is welcome to report of the really nasty stuff done, lol.
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