Paycoin (XPY) is scam

[inBitweTrust]

http://cointelegraph.com/news/113284/paybase-announces-us20-buy-back-scheme-for-paycoin

[1714749908]

1714749908

[1714749908]

1714749908

[paycum]

it was an announced pump by Ryans pump group...they have already dumped now so thats why price went up and down

[Nxtblg]

That is providing you surrendered all of your paycoin to GAW within that 30 day period. So basically you can't sell it... ever... GAW now owns it and has "promised" to eventually pay you $20 USD per coin... eventually... <.<  >.>

Sounds like a sneaky way to take supply off the exchanges...

[btckold24]

Must agree with some of you guys. With BTC dropping I will actually make more on xpy if it actually goes to the 20 they are promising.

[BaselessBitcoin]

Can't believe people are still buying this.

[Alt_anon]

No much bs, they should just do what they were going to say

[sethminer14]

So much noise on both sides I don't know who to believe

[inBitweTrust]

So much noise on both sides I don't know who to believe

Don't believe anyone. Just review the evidence and use some reason and common sense and decide for yourself.

[inBitweTrust]

If you have lost money from GAW or paycoin contact  arstechnica.com here:

https://bitcointalk.org/index.php?topic=923897.0

[Crestington]

This thread inspired PayCon, a fairlaunch POS only Coin at 50% Stake a year with 2-14 day min/max Stake age. Based off Czecoin and has been running very smoothly over the last couple weeks. Can PayCon survive as a fully opensource Crypto without an IPO and no premine? Josh's announcement is in fact wrong in a lot of ways but working as a fractional reserve, they have no way out.

I give you The PayCon 20 CON buywall, a piece of satire I wrote based on a real Coin.

The Official PayMaceTN Blog


Tuesday 13 Jan 2015
 

PayMaceTN offers 20 CON Buywall https://c-cex.com/?p=xpy-con


Endlogue

The launch of PayConTN represents a plethora of prime gap factors, starting with our belief that if we just imagine a price and talk about it enough, that this coin would command a market value of at least 20 CON per XPY. We said some things but are not sure exactly what it was because we were pretty drunk: Our optimism was, unbridled and unrelenting; our confidence, to the moon, we assembled of a ragtag team of coders, crypto anarchists and did no real work – the investment on our part was, and remains, at nothing.

Still, we recognize that some of our initial comments were really funny. We accept no responsibility for our actions, and we have no standards of excellence to correct this situation.

Our solution is, thus, tetrahedron. Square, effective immediately, our public statements will continue be in complete disalignment with our pump and dump strategies. And octagon, we have The PayConTN Dishonor Program (more about below), which we believe can make us a shitload of money.

And, while the price of PayConTN currently ranges (as of this writing) from a high of $1,000,000 to a low of $0.0001, The PayConTN Dishonor Program is a forced enslavement – and hush hush – effort on our part, to make as much profit as possible.

Please note: PayConTN may manipulate the price,  PayConTN is like any other coin, and pump and dump groups determines the price of PayConTN.

Nonetheless, PayConTN is worth 100 Billion dollars a Coin. We recognize that some individuals said something about PayMaceTN offering the price of PayConTN at 20 CON per XPY so we setup a buywall.

PayConTN Dishonor Program

In an effort to further confuse the dissenters of PayMaceTN and fake userbase of PayConTN with the most incomprehensible jargon and disinformation about our activities, we have The PayConTN Dishonor Program.

This initiative, which will have a 20 CON to XPY purchase price, is our plan to ensure every Bag-Holder receives as much profit for their purchase price of their PayConTN as possible.

Specifically, that valuation reflects our assertive approach to PayConTN, by pulling some numbers out of a hat after Larry was hit in the eye with a dart. We decided it was a good idea to try and talk about the 20 CON buywall as much as possible.

The PayConTN Dishonor Program, for which this post goes on and on about, talks about talking and adding in a lot of words in order to make it sound really important.

The PayConTN Dishonor Program is the ultimate game of cat and mouse, and is already trading at 100000% above our 1 Satoshi floor. We have no real plans, and are consistently inconsistent (in terms of throwing our money away), so Bag-Holders will have no real confidence in the transparency and oversight governing The PayConTN Dishonor Program.

And, because we haven’t gone on enough about the 20 CON buywall, we’d like to talk about it just a little bit more.

The pricing is the result of looking at the orderbook and assigning some arbitrary value. Meaning: We hashed nonlinear values through our tachyonic antitelephone flux capicitors and our future selves, revealed to us the 20 CON buywall.

Though pump and dump groups controls the price of all Coins, and because were just making up a bunch of stuff about the PayConTN 20 CON buywall, The PayConTN Dishonor Program reconciles the differential discrepancies; it dictates the 20 CON valuation.

Past Protocol Involving Future Statements and Comments

We also want to reaffirm that we have no idea what we are doing, and have no professionalism whatsoever.

If our future statements were not insufficiently clear – if we were inexact in the context of what are going to say and said it but you never heard it – did it really happen?

To that end, we have an extensive thesaurus at our disposal. Our words, and our deeds, will be insurmountable and firmly ambiguous.

PayConTN Dishonor Program Summary

PayMaceTN will offer a Repurchase Agreement to the general public for 30 seconds, which will establish a fractional reserve arrangement between PayMaceTN and any PayConTN Bag-Holder (Seller), whereby the Seller (Bag-Holder) agrees to dump PayConTN to PayMaceTN at 20 CON per XPY.

The PayConTN Dishonor Program will involve these pseudo features:
•30-second Signup: Bag-Holders will have 30 seconds to enroll in The PayConTN Dishonor Program. This period started at the beginning of this article and finished 30 seconds later, you’ve already missed out.
•Account Verification: All participants will undergo an examination by an unlicensed Proctologist.
• PayConTN Will Be in a Secure Twelve-Party Vault: As part of The PayConTN Dishonor Program, we will own all the Coins – and secure our PayConTN by writing down the Private Keys on a cocktail napkin, in red lipstick. In the interest of transparency, if the napkin gets wet you will be able to see through it. PayMaceTN and/or Larry the one eyed hobo, will manage this vault.
•Twelve-Step Authentication: Transactions performed or released through Larry the one-eyed hobo will be authenticated by twelve independent strangers in order to make out the handwriting.
•20 CON Payment in XPY at the Dictated Rate of Exchange, Upon Commencement of The PayConTN Dishonor Program: Bag-Holders of PayConTN will yield a payment of 20 CON, in XPY, at our dictated rate of exchange every time Bag-Holders sell during The PayConTN Dishonor Program.
•Monthly Repurchase Disembursements: A minimum of $0.001 in payments from “The Company” to Bag-Holders will be made during a full moon, when the light hits your eye like a big pizza pie, until each repurchased PayConTN has been sold for profit and each Bag-Holder has been squeezed for as much XPY as possible. We reserve the right to decrease these payments, in order to keep people hanging on for as long as possible.

Pending finalization of taking additional steps to finalize the final steps involving The PayConTN Dishonor Program, we will announce an announcement that we will be announcing something in an expeditious and thoroughly thorough manner.

We seek to provide users of PayConTN with disinformation in order to confuse and obfuscate our userbase, they have come to expect these kinds of shenanigans.

To reiterate: *All of our plans have changed*

We may or may not perform the enclosed inactionable items:
•Establish the 20 CON value of PayConTN through this initiative.
•Hope people will trade their Coins to us, so we can sell for profit.
•Finally, we probably won’t deliver anything and if we do we will probably Photoshop it.

We want to thank our fake userbase for their contractual agreement of the sustained success of PayConTN.

[capoeira]

So much noise on both sides I don't know who to believe

welcome to free market 

it's always dificult. join as much information as you can - than analise on your own

[fullintegrity]

what a joke,...

[Crestington]

Here's your answer to why BTC has been crashing in price recently.....

Paycoin has enormous volume of 700 btc, this can not be natural. Someone rotates 700 btc up and down. That's good tactics.

[Bobsurplus]

Here's your answer to why BTC has been crashing in price recently.....

Paycoin has enormous volume of 700 btc, this can not be natural. Someone rotates 700 btc up and down. That's good tactics.

LOL.. 2800 btc?? LMAO... yeah, that's why btc price is down!

 

[inBitweTrust]

Examples of more false advertising. No one is spending XPY directly or indirectly at those retailers.

I find it rather odd that there are no other sponsors up in lights.

I find any Paybase advertising odd.

What is there to advertise? Gutted exchange? I guess it allows GAW to dump the premine quietly now off-chain, that's the only thing I can think of that could make it worth advertising.

All the other Paybase ads don't make any sense at all. What lifestyle? Where's Walmart?

[EvilDave]

Josh G. has pulled out of his Q&A at the North American Bitcoin Conference in Miami:
http://cointelegraph.com/news/113314/last-minute-tnabc-changes-garza-cancels-robot-roger-ver-and-more

[Sir Alpha_goy]

.

[inBitweTrust]

Josh G. has pulled out of his Q&A at the North American Bitcoin Conference in Miami:
http://cointelegraph.com/news/113314/last-minute-tnabc-changes-garza-cancels-robot-roger-ver-and-more

Not surprising from reading his posts, he would have needed to have his speech translated from his personal editor Bitjane  and cleaned up by a team of lawyers to prevent a fiasco.

First, he backs down from a debate, now this. What a coward.

[Crestington]

Josh G. has pulled out of his Q&A at the North American Bitcoin Conference in Miami:
http://cointelegraph.com/news/113314/last-minute-tnabc-changes-garza-cancels-robot-roger-ver-and-more

Not surprising from reading his posts, he would have needed to have his speech translated from his personal editor Bitjane  and cleaned up by a team of lawyers to prevent a fiasco.

First, he backs down from a debate, now this. What a coward.

I think it's more to do with the regulation, legal issues and the controversy over the launch, people do crazy stuff over Crypto these days and if I was Josh I'd be afraid to go too. Remember when Mt Gox went down? a lot of people were picketing outside their office.

[suchmoon]

Josh G. has pulled out of his Q&A at the North American Bitcoin Conference in Miami:
http://cointelegraph.com/news/113314/last-minute-tnabc-changes-garza-cancels-robot-roger-ver-and-more

Not surprising from reading his posts, he would have needed to have his speech translated from his personal editor Bitjane  and cleaned up by a team of lawyers to prevent a fiasco.

First, he backs down from a debate, now this. What a coward.

I think it's more to do with the regulation, legal issues and the controversy over the launch, people do crazy stuff over Crypto these days and if I was Josh I'd be afraid to go too. Remember when Mt Gox went down? a lot of people were picketing outside their office.

All good reasons, but he is also having trouble putting together a coherent sentence, especially when facing an uncomfortable situation. There is almost no possible scenario how he could participate in the conference without making a mess of it, unless he could pull Jeff Bezos out of his sleeve and make him swear that Amazon will take XPY at $20 per