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TinEye
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January 03, 2015, 08:08:55 PM |
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Came back from holidays and see it is at $3. I would like to see all those who were calling us trolls and jealous has to say now Brave of Josh to go around giving talks.
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cassius69
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January 03, 2015, 08:10:31 PM |
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It's the trolls guise they're the only things preventing us from succeeding. Not the alleged shady business practices, alleged legal threats, the no floor events, it's just all the troll's faults guise.
yeah makes sense
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paycum
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January 03, 2015, 08:39:09 PM |
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well just sold my coins, another 45% profit
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SockPuppetAccount
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January 03, 2015, 09:00:23 PM |
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well just sold my coins, another 45% profit Tell me more oh wise one. Your dick. My mouth. NOW.
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peonminer
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January 03, 2015, 10:06:19 PM |
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It's the trolls guise they're the only things preventing us from succeeding. Not the alleged shady business practices, alleged legal threats, the no floor events, it's just all the troll's faults guise.
yeah makes sense must... Feed... The... Trolls...
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TheMage
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January 03, 2015, 11:06:20 PM |
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It's the trolls guise they're the only things preventing us from succeeding. Not the alleged shady business practices, alleged legal threats, the no floor events, it's just all the troll's faults guise.
yeah makes sense This gif made me laugh
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Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
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January 03, 2015, 11:41:23 PM |
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"...credit cards to purchase XPY" ....What? Charge-backs could be a huge issue, but at least their "product cost" is virtually zero, at the start. It will be interesting to see what current price they set for the pre-mined coins bought with credit cards.
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inBitweTrust
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January 03, 2015, 11:43:52 PM |
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"...credit cards to purchase XPY" ....What? Charge-backs could be a huge issue, but at least their "product cost" is virtually zero, at the start. It will be interesting to see what current price they set for the pre-mined coins bought with credit cards.
The few people crazy enough to buy paycoin2 with their credit cards after all these warnings have been presented to the community are so brainwashed that they likely will not ask for a chargeback within the allowed window.(40 to 180 days)
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HarryPotHead
Full Member
Offline
Activity: 192
Merit: 100
You are what you eat. PIZZA!
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January 04, 2015, 12:09:58 AM |
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Yipppppeeee finally i can buy pay with my credit card, that's it bitches going straight to the top of the rich list. I <3 josh what a cool guy doing what other were unable to yipppppeeee motherfuckers, on a side note aint bitcoin doing good
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inBitweTrust
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January 04, 2015, 01:24:12 AM |
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I already did in this thread on one of the more important ones... but I'll summarize it: 1) Orion Controllers require a hard fork to get what they're advertised. Currently the tx fees are destroyed and they're supposed to go to the Orion Controllers and Prime Nodes as an added "payment" for holding x # of coins. This isn't too big of a red flag in itself but to spend "months" on a coin release and have "professional" devs build your coin only to have something as trivial as transaction fees being destroyed when they're not supposed to be is, in my opinion, weak. 2) The wallet release was so horrid that there are still constant posts on HashTalk and poor souls entering the realm of IRC looking for help. Some had such a fucked up wallet that their coins were actually locked up in that piece of shit and they couldn't do anything about it without help. It was very obvious that there was very little, if any, GAW support for their qt wallet release as well as very little "non-zencloud" expertise among the gawlets themselves. Thousands of coins were, and possibly still are, at the mercy of good-hearted souls to recover. 3) Prime Nodes... 49 prime nodes that have stake rates of 10% (3 wallets), 20% (2 wallets), 100% (10 wallets), and 350% (35 wallets). Each of the pub keys in those lists are linked to a priv key (not a paycoin address key btw so this was literally built to be anonymous as to which wallet gets what until the blockchain shows through the transaction) that tells the wallet to say it is a prime node. One thing is that there are 49 prime nodes but 50 keys. The extra key could be anything from 10-350% but I'm going to assume that it's a 350% key that's the odd man out. This means that most likely there is an extra priv key for whoever Josh picks (who do you think Josh will pick to possess that key?) to possess it that stakes higher than the rest of the network suckers. Just an fyi: The normal staking rate for Paycoin (XPY) is 5%. This means that there will be extreme and unbalanced hyperinflation affecting this coin shortly after the 35 350% prime nodes start dumping/selling/trading their enormous stakes. 4) Revalation noted that there was additional code that I didn't see. I have looked at the code and verified that the additional line @ L974 gives additional numbers that just, well, hide in plain sight how the interest is actually calculated each coin day. 33 / ( 365 * 33 + 8) = 0.00273790757487762382809259105617
Daily Rate * 350 = 0.95826765120716833983240686965901 Daily Rate * 100 = 0.27379075748776238280925910561686 Daily Rate * 20 = 0.05475815149755247656185182112337 Daily Rate * 10 = 0.02737907574877623828092591056169 Daily Rate * 5 = 0.01368953787438811914046295528084 So above you will see the daily stake rates for all "tiers". If that doesn't show that there will be unequal inflationary pressure on this coin, then nothing will. So there are 4 specific reasons why I can not approve of, recommend, or support this coin. In my opinion, it is not a question of if it will fail... it will fail and it's just a question of when.
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ikeboy
Newbie
Offline
Activity: 56
Merit: 0
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January 04, 2015, 02:57:14 AM |
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This is for legal purposes to assist the victims: PayBase is a cryptocurrency payment processing business owned by Business Technology for Cryptocurrency, LLC (BTC). BTC is also the parent company of GAW Miners (GM), a Bitcoin and Litecoin mining business. The location for the new company is a tax front http://www.bizapedia.com/de/BUSINESS-TECHNOLOGY-FOR-CRYPTOCURRENCY-LLC.htmlBUSINESS TECHNOLOGY FOR CRYPTOCURRENCY, LLC DELAWARE LIMITED-LIABILITY COMPANY (LLC) Data Updated December 13, 2014 Claim My Company CLAIM MY COMPANY Business Technology For Cryptocurrency, LLC is a Delaware Limited-Liability Company (LLC) filed on December 10, 2014. The company's File Number is listed as 5654592. The Registered Agent on file for this company is Vcorp Services, LLC and is located at 1811 Silverside Rd Wilmington, DE 19810. Company Information Company Name: BUSINESS TECHNOLOGY FOR CRYPTOCURRENCY, LLC File Number: 5654592 Filing State: Delaware (DE) Filing Status: Unknown Filing Date: December 10, 2014 Company Age: 1 Month Registered Agent: Vcorp Services, LLC 1811 Silverside Rd Wilmington, DE 19810 There are 250 companies that have an address matching 1811 Silverside Rd Wilmington, DE 198104345. http://www.bizapedia.com/addresses/1811-SILVERSIDE-RD-WILMINGTON-DE-19810.htmlhttps://www.google.com/maps/place/1811+Silverside+Rd,+Wilmington,+DE+19810/@39.7980532,-75.497333,3a,75y,28.15h,85.64t/data=!3m4!1e1!3m2!1sS6xBQ-PPBSIjdu7-oNibGQ!2e0!4m2!3m1!1s0x89c6e3624a842187:0x86be2661f76e4d54!6m1!1e1 I'd like to add that the MSB for Paybase is 31000058736200 which you can look up on http://fincen.gov/financial_institutions/msb/msbstateselector.html, so they did apply for MSB. May be useful for some people. Not sure why at this point, though. Why aren't there any public class-actions against gaw miners yet? Would anyone like to start one?
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peonminer
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January 04, 2015, 03:23:10 AM |
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Yipppppeeee finally i can buy pay with my credit card, that's it bitches going straight to the top of the rich list. I <3 josh what a cool guy doing what other were unable to yipppppeeee motherfuckers, on a side note aint bitcoin doing good
+1,000,000!!! I'm about to mortgage my house to buy more xpy! Paycoin is Win! XPY junkie for life! Give me MOARRRRRRRRRRRRRR .011XXXXX . . . . . . . .
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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January 04, 2015, 08:50:33 AM |
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Going through the reddit I have to feel genuinely sorry for people who seems to have, without reason, lost so much money on this. Despite it being an obvious scam if not outright illegal (a company publicly declares to manipulate a commodity market?!?!) the desperation of some people really hurts to hear.
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more or less retired.
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crypto4jan
Legendary
Offline
Activity: 2453
Merit: 1026
Energy coin master
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January 04, 2015, 10:41:13 AM |
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I think this is the 2015 scam. In 2014 we had MtGox and ScareCoin/ShareExchange but this looks to me the biggest CryptoCurrency scam ever. Sorry for the "investors" but that is all in the game. The PayCoin ship is sinking so leave the ship soon and quick!
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e2wwnbU8XBcnZxSfMTwZLS7Ru6LdWHunCu 00000a5ac2dc57cfb0b92bc8be7731fe6a94a8c1c49a0d2f32e9e2da4f7d2308
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Ibistru
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January 04, 2015, 10:44:52 AM |
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I think this is the 2015 scam. In 2014 we had MtGox and ScareCoin/ShareExchange but this looks to me the biggest CryptoCurrency scam ever. Sorry for the "investors" but that is all in the game. The PayCoin ship is sinking so leave the ship soon and quick!
Look at the bright side pal, these scams help cleaning the field from too many noobs. Whatever takes money out of idiot's wallets is not so bad after all.
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inBitweTrust
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January 04, 2015, 01:06:49 PM |
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Unfortunately, there are still believers (take a look at hashtalk) to to suck every last drop of BTC and fiat out of and Josh is showing a commitment to carry on with his plans to bleed them all dry.
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TinEye
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January 04, 2015, 01:17:40 PM |
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It's the trolls guise they're the only things preventing us from succeeding. Not the alleged shady business practices, alleged legal threats, the no floor events, it's just all the troll's faults guise.
yeah makes sense Perfect Going through the reddit I have to feel genuinely sorry for people who seems to have, without reason, lost so much money on this. Despite it being an obvious scam if not outright illegal (a company publicly declares to manipulate a commodity market?!?!) the desperation of some people really hurts to hear.
Link? Can't say I have much sympathy for them, its always advisable to look into everything properly before investing.
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