GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)

[Paul Revere]

Some of the GAW cultists will simply never get it. https://hashtalk.org/topic/32152/paycoin-likely-will-fall-even-more/21



The whole purpose of this scam is to SELL the infinite supply of XPY Josh&Co have ya morons!! THey are not buying or accepting ANY XPY. Wake up!

[jimmothy]

To believe that nothing will ever be good enough to replace BTC is outright stupid. You cannot just merge all new and/or useful tech into an existing "product" forever and "block" all competition by doing so.

That's what nearly every bitcoiner believes.  It is laughable.  When they try to compare bitcoin to the early Internet what they want is an Internet that will only ever have one website.  

The only thing laughable is your analogy about bitcoin being a single website.

There are already hundreds if not thousands of things you can do with bitcoins and practically nothing an altcoin can do that bitcoin can't.

They are currently flirting with the idea of increasing maximum block sizes from 1 megabyte to 20 megabyte so the transactions per second will increase.  What they don't tell you is that even if they hardfork bitcoin so the new block limit is 20 megabytes the transactions per second will be the same as what Litecoin can manage now.  In other words,  bitcoin needs a major hardfork just to have the same transactional capabilities of litecoin.

Really? This is the best argument you could come up with? A single parameter change?

Bitcoin is a PROTOTYPE.  All it has is a three year head start which has given it a massive network effect.

Sort of like how the Internet, Cars, Radio are all prototypes?

Does your magic crystal ball tell you when we will all have flying cars? I'd love to know.

I have always said that if Bitcoin was created tomorrow it would be derided as a heavily premined, incredibly slow shitcoin. But it is bitcoin.

You should look up the definition of premine and report back when you understand it.

Yes, IF bitcoin was a clone and brought no innovation, it would be a shitcoin. But here in reality bitcoin was the only coin that brought invention/innovation and already has hundreds of millions of hard cash backing it.

[cooldgamer]

Has there been any acknowledgment of the "vacation" allegations from josh's account?

[rawbot]

There are already hundreds if not thousands of things you can do with bitcoins and practically nothing an altcoin can do that bitcoin can't.

Can the bitcoin network provide 6 confirmations of a transaction in 6 minutes?  Nope,  Dogecoin can.   Can Bitcoin process 270 transactions per second?  Nope, Litecoin can.  In fact with the greedy bitcoin miners racing to find each block by adding as few transactions as possible it is not uncommon to wait more than 24 hours for a bitcoin transaction (without a hefty fee) to confirm.

The effect of this is the total reliance on centralized companies such as coinbase, circle, changetip amongst others. This totally defeats satoshi's vision of crypto.

Like I said,  bitcoin will have to hardfork to reach the performance levels of even the slowest altcoins that came after it.  The 3 year head start gave bitcoin the massive network effect, and this will be virtually impossible to surpass by another coin.  But don't try to tell me that bitcoin is where it is because it is a superior performng coin.  It is very slow.

You guys are lucky Charles Lee didn't create litecoin within 12 months of the bitcoin genesis block because things would be a lot different now.

[monkeygang]

There are already hundreds if not thousands of things you can do with bitcoins and practically nothing an altcoin can do that bitcoin can't.

Can the bitcoin network provide 6 confirmations of a transaction in 6 minutes?  Nope,  Dogecoin can.   Can Bitcoin process 270 transactions per second?  Nope, Litecoin can.  In fact with the greedy bitcoin miners racing to find each block by adding as few transactions as possible it is not uncommon to wait more than 24 hours for a bitcoin transaction (without a hefty fee) to confirm.

The effect of this is the total reliance on centralized companies such as coinbase, circle, changetip amongst others. This totally defeats satoshi's vision of crypto.

Like I said,  bitcoin will have to hardfork to reach the performance levels of even the slowest altcoins that came after it.  The 3 year head start gave bitcoin the massive network effect, and this will be virtually impossible to surpass by another coin.  But don't try to tell me that bitcoin is where it is because it is a superior performng coin.  It is very slow.

You guys are lucky Charles Lee didn't create litecoin within 12 months of the bitcoin genesis block because things would be a lot different now.

thats right..its going to be branch out time. the future is coming

[monkeygang]

anyone thats completely invested into paycoin take a couple days off. switch over to the payCON thread and then come back..
you cant loose any more money

[HashieNewb]

"lose any more money"
http://www.elearnenglishlanguage.com/blog/english-mistakes/loose-vs-lose/

[kken01]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

[paycum]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

Uhhh are you for real? So if you invested 100.000usd and now its only worth 1000 usd, you would be cashing in that 1000? Oh men, thats probably the worst thing you can ever do. If you care about that 1000usd so much, you shouldnt have invested it in the first place..

[CloakT]

Has there been any acknowledgment of the "vacation" allegations from josh's account?

http://puu.sh/g3SJw/a7a502e0e7.png

Thank you. It's crazy how half assed his responses are. I hope this ends soon so the poor investors can cut their loses and buy some BTC, what they should have done in the first place.

[kken01]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

Uhhh are you for real? So if you invested 100.000usd and now its only worth 1000 usd, you would be cashing in that 1000? Oh men, thats probably the worst thing you can ever do. If you care about that 1000usd so much, you shouldnt have invested it in the first place..

yes 1k out of 100k is 10%. this is exactly the math paycoin employs to rob its customers blind

if you dont care about any of your money why would you invest on anything to begin with. i got a bridge to sell you

ps: this advice to take a break for few days when everything was going downhill was given at every point of the way. jesus if you can get persuaded by these arguments you are better off parted with your money. Mr. Ganza will use it more effectively

[suchmoon]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

Uhhh are you for real? So if you invested 100.000usd and now its only worth 1000 usd, you would be cashing in that 1000? Oh men, thats probably the worst thing you can ever do. If you care about that 1000usd so much, you shouldnt have invested it in the first place..

So you're saying one has an obligation to lose 1000 USD because they already lost 99k? How does that make any sense?

If someone fails to cash out at $14 or $4 or $1 that still doesn't make "ride until 0" a valid investment strategy.

[paycum]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

Uhhh are you for real? So if you invested 100.000usd and now its only worth 1000 usd, you would be cashing in that 1000? Oh men, thats probably the worst thing you can ever do. If you care about that 1000usd so much, you shouldnt have invested it in the first place..

yes 1k out of 100k is 10%. this is exactly the math paycoin employs to rob its customers blind

if you dont care about any of your money why would you invest on anything to begin with. i got a bridge to sell you

Its not about the 10%, its about the principle. If you have lost 90% of your investment then that means you probably are the worst investor ever. When investing money the first thing you learn is to set targets for yourself both upwarts and downwarts...

With a 90% loss you are already over the point of no return and selling basically would be throwing your money away. The only way when this isnt the case (and even then its a doubtful move) is when it has dropped 90% in a second or when its 99.99% sure the thing you invested in gets deleted/broke. But like all other things it went down a bit each day so everybody had tons of opportunities to get out and take their losses...

Its not about caring about money or how much you invested, its about knowing what you do when you invest money. If you dont have a plan and just hope for the best, you better not invest at all..

[Paul Revere]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

Uhhh are you for real? So if you invested 100.000usd and now its only worth 1000 usd, you would be cashing in that 1000? Oh men, thats probably the worst thing you can ever do. If you care about that 1000usd so much, you shouldnt have invested it in the first place..

yes 1k out of 100k is 10%. this is exactly the math paycoin employs to rob its customers blind

if you dont care about any of your money why would you invest on anything to begin with. i got a bridge to sell you

Paycum is the posterchild for GAW "investors". Buy as the price is sliding into the toilet and then HODL until it gets all the way there and don't try to salvage anything from a foolish bet. Not even smart enough to wait for something that looks like  solid bottom if he really thinks this thing will turn around.  Absolutely amazing.

i bought a lot of xpy today, Now it can go up again

Do you enjoy losing money?

Hehe we will see. You are allowed to laugh when i have sold with a loss

Edit to add: You do not get to decide when I get to laugh. I am laughing right now at this stupidity.

[buddhamangler]

There are already hundreds if not thousands of things you can do with bitcoins and practically nothing an altcoin can do that bitcoin can't.

Can the bitcoin network provide 6 confirmations of a transaction in 6 minutes?  Nope,  Dogecoin can.   Can Bitcoin process 270 transactions per second?  Nope, Litecoin can.  In fact with the greedy bitcoin miners racing to find each block by adding as few transactions as possible it is not uncommon to wait more than 24 hours for a bitcoin transaction (without a hefty fee) to confirm.

The effect of this is the total reliance on centralized companies such as coinbase, circle, changetip amongst others. This totally defeats satoshi's vision of crypto.

Like I said,  bitcoin will have to hardfork to reach the performance levels of even the slowest altcoins that came after it.  The 3 year head start gave bitcoin the massive network effect, and this will be virtually impossible to surpass by another coin.  But don't try to tell me that bitcoin is where it is because it is a superior performng coin.  It is very slow.

You guys are lucky Charles Lee didn't create litecoin within 12 months of the bitcoin genesis block because things would be a lot different now.

You don't know what you are talking about.  Faster blocks doesn't mean anything.  If bitcoin forked to 1 minute block times, then a transaction with 10 confirmations would be just as secure as one with one confirmation how it is now.  It's not the number of confirmations, its TIME.

[paycum]

@Paul, why are you attacking me?

I have been honest all the way and yes i bought some coins which are on a small loss now. I was aware of the risk and already told everyone here. I havent complained about my losses or promoted paycoin or have done any other way to improve my investement.

I dont know your story, but seems all you do is post negative stuff over and over again about anything and anybody you like...

Fine with me, but i just dont understand..

[Paul Revere]

Pointing out that you are giving people completely foolish advice is not attacking you. If you want to throw money in the toilet, by all means, please feel free to do so. You are free to do this, and I am free to laugh at you for doing so. Also, I am quite aware that you "just don't understand", that is very evident by reading your posts.

[paycum]

Pointing out that you are giving people completely foolish advice is not attacking you. If you want to throw money in the toilet, by all means, please feel free to do so. You are free to do this, and I am free to laugh at you for doing so.

True, and i dont have any problem with you laughing.
But i didnt give any advice, i just told how i see things, which is why this forum is about right?

[Phildo]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

Uhhh are you for real? So if you invested 100.000usd and now its only worth 1000 usd, you would be cashing in that 1000? Oh men, thats probably the worst thing you can ever do. If you care about that 1000usd so much, you shouldnt have invested it in the first place..

$1000 > $100  > $0. If you think it's going down, don't blow any more money on "principle." I'm not sure how many more failed promises and "pending major announcements" can be left in this thing.

[paycum]

stupid advice

if i would be all in: id rather save 10% of my money than burn everything

Uhhh are you for real? So if you invested 100.000usd and now its only worth 1000 usd, you would be cashing in that 1000? Oh men, thats probably the worst thing you can ever do. If you care about that 1000usd so much, you shouldnt have invested it in the first place..

$1000 > $100  > $0. If you think it's going down, don't blow any more money on "principle." I'm not sure how many more failed promises and "pending major announcements" can be left in this thing.

Well clearly we all think different  

In my opinion even with a 1% chance, when you already lost that much is better to hope for a miracle then to take that small amount of money you have left... there isnt a big difference in losing 90% or 100%, it both sucks as ***