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Author Topic: Paycoin (XPY) is scam  (Read 79566 times)
sofu
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March 09, 2015, 08:45:12 AM
 #761

damn Josh Garzas account @gawceo removed from twitter. Was hoping he will tweet some prison selfies  Cheesy

SolidStateSurvivor
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March 10, 2015, 02:04:56 PM
 #762

You cannot have a centrally controlled currency like DGC, digicash, libertydollar, liberty reserve, paycoin, ziftr, ect.. without the legal arm of the state shutting everything down and seizing everything.

What the funk does DGC have to do with the rest of those?!? Digicash, paycoin, etc??!  Huh

Founding member of Hashmeisters Inc...
inBitweTrust
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March 10, 2015, 02:39:15 PM
 #763

You cannot have a centrally controlled currency like DGC, digicash, libertydollar, liberty reserve, paycoin, ziftr, ect.. without the legal arm of the state shutting everything down and seizing everything.

What the funk does DGC have to do with the rest of those?!? Digicash, paycoin, etc??!  Huh

Context is important ... I'm not talking about the alt called "digitalcoin"...if that is what you are referring to.... no one cares about that alt.

Digital gold currency (or DGC) is a form of electronic money based on ounces of gold. It is a kind of representative money, like a US paper gold certificate at the time (from 1873 to 1933) that these were exchangeable for gold on demand.

https://en.wikipedia.org/wiki/Digital_gold_currency

There are varying different types of digital currencies, some are more centralized than others. All these digital currencies have a unique history and characteristics. Anybody investing in paycoin should have looked at the long and sordid history of examples of failed digital currencies and noticed that centralization and a company backed private currency is extremely risky and almost guaranteed to fail for multiple reasons. Yes, paycoin is likely a scam based upon a bunch of lies and false promises.... but even if it wasn't it cannot possibly succeed based upon its vulnerability as being a centralized private currency.

This should have been one warning sign , amongst many discussed here, that people should have avoided this toxic asset.

SurplusBob
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March 11, 2015, 01:23:54 AM
 #764

+1
microbial
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March 11, 2015, 11:44:02 AM
 #765

+1

great post.  Grin

spirit of btc
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March 11, 2015, 11:46:35 PM
 #766

Don't invest money unless you understand what the coin has to offer and stay updated on the development of the coin.
suchmoon
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March 12, 2015, 02:57:09 AM
 #767

damn Josh Garzas account @gawceo removed from twitter. Was hoping he will tweet some prison selfies  Cheesy

What are you talking about? It's still there, with last tweet made on March 5th.
https://twitter.com/gawceo

It was gone for a day or so. Also had a "RIP HT" tweet, now removed.
inBitweTrust
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March 18, 2015, 02:33:11 AM
 #768

Paycoin is reaching new low averages and within a few days the market is going to be flooded with coins locked up in the 3 month hashstakers.


centauribit
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March 18, 2015, 03:25:38 AM
 #769

Just stay away from those coins. You can not control what people will or will not do.

bitcollins85
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March 18, 2015, 07:03:27 AM
 #770

There was no market, only manipulation. Money pushed it, money dumped on it and exited
Bansheroom
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March 18, 2015, 07:29:39 PM
 #771

request to be scammed here:

http://www.coinstand.com

Details:
https://hashtalk.org/topic/34085/coinstand-official-invite-thread
https://hashtalk.org/topic/34084/we-welcome-coinstand

1 XPY = 20$ finally  Shocked

Always get cryptonews, free bitcoins, free altcoins and free mining opportunities: follow @Bansheroom on Twitter
inBitweTrust
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March 18, 2015, 07:43:03 PM
Last edit: March 18, 2015, 11:24:56 PM by inBitweTrust
 #772


This is very dangerous... and is either a short term and very limited release(invite only) to bolster price before the market is flooded with coins due to the mature hashtakers or just an outright scam where nothing will be shipped.

One of GAWs new developers that worked on this has been involved in many scams:

https://www.linkedin.com/in/carsenk
http://www.carsencustoms.com/about-me/

https://bitcointalk.org/index.php?topic=777173.0
https://bitcointalk.org/index.php?topic=741234.0
https://bitcointalk.org/index.php?topic=726111.0
https://bitcointalk.org/index.php?topic=701484.0
https://bitcointalk.org/index.php?topic=387500.0



Look at the pump and sell off today to confirm this isn't going anywhere.


Bansheroom
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March 18, 2015, 07:48:41 PM
 #773


This is very dangerous... and is either a short term and very limited release(invite only) to bolster price before the market is flooded with coins due to the mature hashtakers or just an outright scam where nothing will be shipped.
...

It must be hard for you that you have been so wrong, thats maybe the reason why you close your eyes from reality.


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inBitweTrust
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March 18, 2015, 08:33:30 PM
 #774

It must be hard for you that you have been so wrong, thats maybe the reason why you close your eyes from reality.

I will be proven wrong when 100 million dollars worth of product sells for 20 dollars an XPY. Until than I am skeptical but recommend all GAW victims that get invited (how many... who knows?) buy to the 1k limit as soon as possible before this thing gets shutdown for a possible opportunity in recovering a small percentage of their losses. Anyone else is advised to stay on the sidelines as Josh and this company has a history of dishonesty.  

From the look of your history it looks as if we shouldn't trust you either.

nomoreheroes7
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March 18, 2015, 08:52:56 PM
 #775

lol seriously...no one is just gonna hand you $20 for something that was worth $0.50 just moments before. It defies all economic sense.
barabbas
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March 18, 2015, 10:44:06 PM
 #776

It must be hard for you that you have been so wrong, thats maybe the reason why you close your eyes from reality.

I will be proven wrong when 100 million dollars worth of product sells for 20 dollars an XPY. Until than I am skeptical but recommend all GAW victims that get invited (how many... who knows?) buy to the 1k limit as soon as possible before this thing gets shutdown for a possible opportunity in recovering a small percentage of their losses. Anyone else is advised to stay on the sidelines as Josh and this company has a history of dishonesty.  

From the look of your history it looks as if we shouldn't trust you either.

I know how you feel.

I wish I could say I feel sorry for you. I won't.
inBitweTrust
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March 18, 2015, 10:57:15 PM
Last edit: March 18, 2015, 11:38:39 PM by inBitweTrust
 #777

I know how you feel.

I wish I could say I feel sorry for you. I won't.

Please elaborate on why you wish you could feel sorry for me. Or are you making ill informed assumptions?

barabbas
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March 18, 2015, 11:03:30 PM
 #778

I know how you feel.

I wish I could say I feel sorry for you. I won't.

Please elaborate on why you wish you could feel sorry for me. Or are you making ill informed assumptions?

Because you dedication, your 24/7 wall-to-wall crusade the divulge ill-informed conclusions brought in by your personal hatred, has obviously misfired. As expected. And in time enough. So no, I do not feel sorry for you at all. I fell sorry for the legs of your chairs that must be chewed up all by now.

Have a nice one. Life, that is.
inBitweTrust
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March 18, 2015, 11:12:16 PM
Last edit: March 18, 2015, 11:50:55 PM by inBitweTrust
 #779

Because you dedication, your 24/7 wall-to-wall crusade the divulge ill-informed conclusions brought in by your personal hatred, has obviously misfired. As expected. And in time enough. So no, I do not feel sorry for you at all. I fell sorry for the legs of your chairs that must be chewed up all by now.

Have a nice one. Life, that is.

Ok, I see you really believe Josh will continue trading 20 dollars for 1 dollar and this isn't some short term pump or gimmick going out to some shill accounts and insiders as a PR stunt. Perhaps you are a victim as well or just a scam coin sympathizer.




Josh is already distancing himself from his hired scammer and paystand. This isn't looking good.

Thus far I only count 6 users who have bought something through paystand (real, shill, or insiders?)
https://hashtalk.org/topic/34185/what-did-you-buy-with-xpy

ru55ian
TCinCommand
yoman
MrCoins
DirtFighter
Gremlin123

We will see if any confirm they receive shipment and how many other users start to confirm they received an invite as I hear many impatient victims begging for Josh to give them free money. It will also be interesting to see if this process will repeat itself everyday and who is actually fullfilling these orders if they do indeed ship a product.

inBitweTrust
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March 19, 2015, 01:07:21 AM
Last edit: March 19, 2015, 01:26:09 AM by inBitweTrust
 #780

Possible Accurate projection:

For Josh Garza the Coinstand scheme has 2 uses:  
1. He pumps up his shitcoin for a few weeks, which makes him a lot of money when he dumps more premine.
2. His shills will post a lot of enthusiastic reviews of stuff they supposedly bought on Coinstand. A very limited amount of normal users might get access to Coinstand, too, or maybe none at all. Anyway, Garza will later say paycoin had a 20$ floor - maybe he will even say he "honored" it, even though he has nothing to with Coinstand (that's his usual Garza bullshit logic).

So, all the coins were released from the stakers.  My attempt to withdrawal 1102 XPY was denied, and the coins were removed from my Zencloud account. Except for some primes, my stakers were not reloaded, the coins have simply gone missing from my account and from my stakers.

Perhaps this is a solution to the expected Friday dump - simply steal all the coins from the stakers that would have expired.  I'm missing about 800 Paycoins from stakers, and this clusterfuck hasn't made me forget that there was no staker payout yesterday or today, either.


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