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Author Topic: Paycoin (XPY) is scam  (Read 79286 times)
infazan
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December 21, 2014, 03:01:43 AM
 #1

Paycoin (XPY) is scam and 12.5 million coins instamined. Do not buy this shit https://bittrex.com/Market/Index?MarketName=BTC-XPY because you will lose your money like this https://bitcointalk.org/index.php?topic=845494.0
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Efelts01
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December 21, 2014, 03:15:50 AM
 #2

Scam indeed.  I'm enjoying my 5+ btc profit from it so far.  Please keep scamming us josh
ethought
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December 21, 2014, 03:58:12 AM
 #3

Scam indeed.  I'm enjoying my 5+ btc profit from it so far.  Please keep scamming us josh

Just because you profited from it does not make it not a scam.
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December 21, 2014, 06:40:07 AM
 #4

Its all well and good to inform us that a certain coin is a scam, but....

You have posted up zero evidence, showed us zero proof and given us zero reasons.

This is not an attack on you, but you can't post up stuff like this, without showing us any facts what so ever.
DiCE1904
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December 21, 2014, 07:29:48 AM
 #5

there is a whole thread about this:
https://bitcointalk.org/index.php?topic=857670.0;topicseen


and if you are the betting type:
https://www.betmoose.com/bet/paycoin-will-be-20-on-coinmarketcap-1_1_15-1050

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December 21, 2014, 08:02:24 AM
Last edit: December 21, 2014, 08:38:21 AM by mrcashking
 #6

A very large amount of the 12mill coins went to users mining hash points since the beginning of zencloud. All hashpoints we're converted to paycoins. Early users and investors got to split them. They also sold some during a public ICO for $20. 500,000 was left for POW for outsiders or people that were late. So I guess you can call it what you want. The people who used zencloud since the beginning got the upperhand. If you've never used zencloud you would have no idea whats actually going on. I was lucky enough to mind some hashpoints with my hashlets instead of pointing it a btc. and got 1 xpy for every 400 hashpoints. Also the coin was introduced on their forum instead of bitcointalk.
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December 21, 2014, 08:48:48 AM
 #7

Its all well and good to inform us that a certain coin is a scam, but....

You have posted up zero evidence, showed us zero proof and given us zero reasons.

This is not an attack on you, but you can't post up stuff like this, without showing us any facts what so ever.

This. I feel like this thread is a scam. Lol

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December 21, 2014, 09:46:51 AM
 #8

The website said sold out for $20.  Was this an IPO or some kind of misrepresentation and lie?  

Regardless, it has already felled down to around $7.  I assume it is because they premined 12+ million for themselves and only sold / issued out 300,000 and been dumping those 12 million coins for a quick buck.  So not only did they collect $6 million (If they had really sold 300,000 for $20 each) but they are also dumping free coins on top for additional money!

As well everything on Google indicates that it isn't a new 2.0 coin but a $hitcoin (clone) of Peercoin which, in crypto time, is old as dirt.

I don't think you have to guess my verdict - it is obvious - this is definitely fraud and scamming here.



This coming from someone that has a "Trade with extreme caution" warning attached to him... very trustworthy info there...

As a note: the 12mill coins were split for all Prime controllers and the Hashpoints of people that chose to mine with them, which have now been  converted to Paycoin.

Also yes they did use Peercoin code, and why wouldnt you if thats what works well for what your trying to do?
AltcoinInvestor
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December 21, 2014, 10:58:54 AM
 #9

Don't be greedy, if you're you'll be scammed.
If you made a profit, just get the hell out of this; All altcoins are basically scam...
Oldminer
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December 21, 2014, 01:09:22 PM
 #10

All altcoins are basically scam...

You should change your username

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
Sir Alpha_goy
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December 21, 2014, 01:30:30 PM
Last edit: December 12, 2015, 02:14:08 PM by Sir Alpha_goy
 #11

.
Sir Alpha_goy
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December 21, 2014, 01:35:49 PM
Last edit: December 12, 2015, 02:14:22 PM by Sir Alpha_goy
 #12

.

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December 21, 2014, 03:34:03 PM
 #13

There is only the pump.

Bitrated user: DrGrid.
favelle75
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December 21, 2014, 03:41:06 PM
 #14

Don't be greedy, if you're you'll be scammed.
If you made a profit, just get the hell out of this; All altcoins are basically scam...

At this point, BTC is looking like a scam. Or at the very least, a poor investment.

_Crypto made easier than cash_

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December 21, 2014, 10:24:53 PM
 #15

i invested my savings into this so i hope it works out, if it doesnt pump then i have nothing left i believe this could skyrocket to probably $150 or so all the signs say so, ill be rich soon i cant wait for the day, thank god for this coin thankyou guys Smiley
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December 21, 2014, 10:32:00 PM
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Block mined quite irregularly in the past day or so?
Sir Alpha_goy
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December 21, 2014, 11:01:24 PM
Last edit: December 12, 2015, 02:14:57 PM by Sir Alpha_goy
 #17

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December 21, 2014, 11:15:33 PM
 #18

Scam indeed.  I'm enjoying my 5+ btc profit from it so far.  Please keep scamming us josh

Just because you profited from it does not make it not a scam.

How can an altcoin be a scam? If this is a scam then all other coins are too.

There is only the pump.
That's how it works. When there's a pump everybody praise the coin, when the dump comes everybody cry and call it scam. They never learn Cheesy

EvilDave
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December 22, 2014, 01:16:59 AM
 #19

i invested my savings into this so i hope it works out, if it doesnt pump then i have nothing left i believe this could skyrocket to probably $150 or so all the signs say so, ill be rich soon i cant wait for the day, thank god for this coin thankyou guys Smiley

Correct me if I'm wrong, but I thought PayCoin was intended to be capped at $20 ?

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favelle75
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December 22, 2014, 01:40:20 AM
 #20

i invested my savings into this so i hope it works out, if it doesnt pump then i have nothing left i believe this could skyrocket to probably $150 or so all the signs say so, ill be rich soon i cant wait for the day, thank god for this coin thankyou guys Smiley

Correct me if I'm wrong, but I thought PayCoin was intended to be capped at $20 ?

Ok, since you asked, no its not capped at anything. On GAW's own site, they are providing a floor of $20. So no, not capped.

_Crypto made easier than cash_

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MenaPay.
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