To all GAW fans, please think about/answer for yourself these questions.
1)
The purpose of this coin and what makes it different is that it will have a stable price so that merchants accept it.
The price was to be $20 with some fluctuations.
Right now the price is less than $6, more like $5.50, and still falling.
Sounds like it is fluctuating like every other virtual currency.
Do you think merchants will adapt that?
2)
Where are the announcements from the merchants?
All the positive announcements are from GAW/Josh, none from Amazon, Target, Newegg, etc.
The announcement from Amazon is that they are not working with anyone to adapt paycoin.
3)
Why can hashtalk not take legitimate questions and concerns?
I was silent banned for posting the terms and conditions that everyone agreed to.
I did this in response to questions about the guaranteed $20 price and payout rate of the stakers.
The T&C clearly state the value is NOT guaranteed, neither is the rate.
I didn't call anyone names, simply cut and pasted their T&Cs.
4)
A daily return rate guaranteed at 0.972% daily, that is 174% over 6 months, not compounding.
Can you find that anywhere in the real world?
5)
Why can't we resell the very rare hashstakers?
Just so you know I own hashstakers, I mined XPY during POW, I have sold on Cryptsy for 0.0668 BTC.
I believe it is a scam, but early in and early out on a Ponzi and you can make money.
I figured he had to keep it going for at least 6 months, the first round, so that is why I played.
Now I don't think it will make 6 days.
I'm not sour, I did all this while telling everyone I know I was investing in a Ponzi scheme.
The only things that have surprised me so far are:
How fast things are falling apart, I expected months not days.
I expected he would have allowed the sale of hashstaker on his market since he collect 10% per sale.
Price falls because of Fuds. It has nothing to do with what is being delivered or promised. I have seen it happen to every single coin..whether it's a scam or not is out of a question and that is something that can be decided once few months are over.
Even if it's a scam they can milk money out of it for months before letting it die. Saying that it's dead after few days is plain naive OR may be I'm being naive here. lol.
We'll see. I'm pretty pissed at myself for buying it 0.025 but it'll be stupid to judge it and say it's dead. It only takes $100k to bring price to 0.06 so it's not something that's impossible. It'll take time for sure or may be not.
