[ANN][PYC] Paycoin - Going to be hard forked soon!

[SDRebel]

I just cashed out 1/2 my zen portal account, for 1/4 of the original price of purchase. Because the miners where only making 1 sashtoshi. When on the website it says, they will always be profitable, that must have been what they mean. Just like charging the highest mait fee's in cloud hashing per MH/s. He thinks he is invincible. That is what everyone thinks until they end up in prison or the morgue.

yeah, they call that always profitable even though 1 satoshi a day is not profitable for any practical purposes

[CryptShark]

Where to download the wallet from?

[WaffleMaster]

Get em boys. What they're doing is criminal on multiple fronts.

[Stargazer]

Get em boys. What they're doing is criminal on multiple fronts.

"You don't shit where you eat."

That's one life lesson that idiot Homero Garza hasn't learned yet.

He wants to launch a crypto currency and be a big player in Crypto world so what does he do, completely destroy his own image and reputation and turns all his future customers and partners against him.  haha.

That's a whole different level of stupid.

Calling him an idiot just makes you look unprofessional. If you really have the rights to the name calm down and go down the legal road, don't flex here.

[Vlad2Vlad]

I've got a friend reaching out to Josh Garza to see if we can reach a fair, equitable agreement.

No guarantees and I actually think it's a long shot but I say if Garza is willing to be fair then we should work with him.

Cheers!

[Vlad2Vlad]

I am talking to Josh Garza myself and I'll let you guys know if any reasonable agreement is reached.

Cheers!

[Vlad2Vlad]

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

[jackbox]

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.

[tylerderden]

So is this coin (PYC) going to change to the "new" paycoin (XPY)

GAW said they bought the copyrights to "PayCoin"
Is this true??

be aware man.this coin doesn't have anything related to GAW paycoin.the ticker for the gaw paycoin will be XPY and it will not be available to trade at cryptsy.it will be available only on paybase for the moment and will be launched the next week. 

You a bit butthurt cause you ain't got any PYC? It is not to late, get your ass over to Cryptsy and buy some. You have just under 5 hours left.

LOOOL you make my day man.i have tons of the real PAYCOIN with the real XPY ticker and so i'm a bit butthurt because i say the truth to people!!!!
i'm folowing the real josh garza on his zencloud.the man who bought the domain BTC.com for 1M dollars.who created paybase and hashbase.who is on the original forum for paycoin : hashtalk.
so good luck with this PYC because i'm on the real XPY. loool

yeah good luck with that manchild scammer garza. that dude is one of the biggest liars in crypto and that is quite a feat.

[tylerderden]

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.

LOL! no doubt. and on top of that i had 3 ths on their "official" pool at launch and got zero coins. my buddies at minerpools got coins so payout was working. just not on garzas pool. off to a real good start as usual with fuckin scam gaw.

[Vlad2Vlad]

Plus, his coin is broken. ROFL.

You're kidding me!  Hahaha, PayCoin (the original) hasn't broken or died since it was born over 18 months ago.

So much for his $100 million backed coin.  His backers should be giving us the money instead - after-all, what's his coin without our name?  Just another broken ShitCoin.  haha

[Vlad2Vlad]

LOL! no doubt. and on top of that i had 3 ths on their "official" pool at launch and got zero coins. my buddies at minerpools got coins so payout was working. just not on garzas pool. off to a real good start as usual with fuckin scam gaw.

Wow, I'm speechless.

[Vlad2Vlad]

yeah good luck with that manchild scammer garza. that dude is one of the biggest liars in crypto and that is quite a feat.

I have lost track of how many people have said exactly that about Josh Garza.

But i really felt if he was given the chance he would do the right thing, but I was dead wrong.

Negotiating with him will not happen again.  We will now just continue to do our own thing and let him deal with his "best lawyers in the world". 

We'll see how far his lawyers are willing to go when the law is being broken and his trademark application for our PayCoin name-brand is torn up and mailed back to him.

[siampumpkin]

yeah good luck with that manchild scammer garza. that dude is one of the biggest liars in crypto and that is quite a feat.

I have lost track of how many people have said exactly that about Josh Garza.

But i really felt if he was given the chance he would do the right thing, but I was dead wrong.

Negotiating with him will not happen again.  We will now just continue to do our own thing and let him deal with his "best lawyers in the world". 

We'll see how far his lawyers are willing to go when the law is being broken and his trademark application for our PayCoin name-brand is torn up and mailed back to him.

The best lawyers? He used LegalZoom.com to file his trademark application and his LLC. What a f....ing joke!! That shit coin he launched today was a real mess. Broken down in about 3 hours. Is that some new crypto coin fail record? I hope so! 

[Spratan]

yeah good luck with that manchild scammer garza. that dude is one of the biggest liars in crypto and that is quite a feat.

I have lost track of how many people have said exactly that about Josh Garza.

But i really felt if he was given the chance he would do the right thing, but I was dead wrong.

Negotiating with him will not happen again.  We will now just continue to do our own thing and let him deal with his "best lawyers in the world". 

We'll see how far his lawyers are willing to go when the law is being broken and his trademark application for our PayCoin name-brand is torn up and mailed back to him.

Thanks for having contacted him. Did he pretend not to know the original Paycoin ?

If what you wrote down is true, in both cases, his answer was wrong. Either he acknowledged that he wasn't aware of the original paycoin and so stop using the name before launching it (it is not even on any exchange, and only 2 weeks old, so no excuses), or he acknowledged he obviously knew Paycoin (First on google and he is a top expert of cryptocurrencies...) and trademarked as soon as possible just to steal it, whatever the consequences.

The reason he doesn't want to change the name is, I think, he has no plan fore more then 6 months so he doesn't care with a lawsuit...
If not, he wouldn't take such enormous risks. What will happen when main investors discover it ?! That he obviously used (stole ?) the name from another coin in the same industry ?

I don't know if we are really losing millions cap opportunity (Who can tell ?) BUT there is a 200 pages forum criticizing GAW and now people mixing up both paycoins. That's why using same names is forbidden...It is not only to profit for other's work, it is to prevent mixing up for customers / users.
How many millions others names were available for their coin, especially with 100 M$ to spend for basic research !

I think we need people with bad experiences with GAW joining our coins as a protestation and stand against scams.
It would be so ironical if PYC succeed much more than the copycat now :-)

[Snail2]

This new GAW_paycoin seems to be a PPC fork, however they removed the "// Copyright (c) 2011-2013 The PPCoin developers" lines. Isn't that a breaching of the MIT license?

[bitgeek]

The question is not who was the first to use the name, but who registered it and can prove to be the owner. If he registered it you'll have to prove it was yours in the first place.

[bitbollox]

can someone make a new signature for us paycoin users as a way of spreading the world that where not dead!

[bitbollox]

I have just been on hastalk and came across this
Paycoin is Peercoin
For those of you who dont know.

Paycoin is a fork of Peercoin. They didnt even changed the readme!

https://github.com/ppcoin/ppcoin/blob/master/README.md

What is Peercoin (PPCoin)?

Peercoin (abbreviated PPC), also known as PPCoin and Peer-to-Peer Coin is the first cryptocurrency design introducing proof-of-stake consensus as a security model, with a combined proof-of-stake/proof-of-work minting system. Peercoin is based on Bitcoin, while introducing many important innovations to cryptocurrency field including new security model, energy efficiency, better minting model and more adaptive response to rapid change in network computation power.

And here comes Paycoin:

https://github.com/GAWMiners/paycoin

About Paycoin

Paycoin (abbreviated XPY), also known as Paycoin and Peer-to-Peer Coin is the first cryptocurrency design introducing proof-of-stake consensus as a security model, with a combined proof-of-stake/proof-of-work minting system. Paycoin is based on Bitcoin, while introducing many important innovations to cryptocurrency field including new security model, energy efficiency, better minting model and more adaptive response to rapid change in network computation power.
I think I may have to take my money and run away from gaw!!

[paulsonnumismatics]

This thread is so funny. Posting just to keep track of it