Paycoin (XPY) is scam

[inBitweTrust]

No offence here but play fair, the coin is at £13.99 less then a week in... now the forth most traded coin in the world.
Scam or not I think the whole team behind it and the customers involved deserve a little more respect for what they / we have just done.

Say what you will I and thousands like me fully intend on using Paycoin as it was intended to be used, a means of trade.

Now can we please move on from this septic pit of he said she said.

Andy

Where can I spend XPY now? Perhaps we would be more patient with this new coin if the community hadn't been misled with lies and exaggerations?

Coinmarket capitalization doesn't mean much and that goes for Ripple, Litecoin and BTC as well. It represents a very misleading value which doesn't relate much to a coins strengths and reliability.

There is very thin volume there , why can't he follow through and bring XPY to 20usd let alone his 25 usd target? Whats the difference in him doing it now when he has to do it whenever paybase launches regardless?

There are some of us that have very keen bullshit detectors and we can smell this scheme from a mile away. We want josh to immediately start processing your KYC for paybase while they fix all their buggy code and deliver on his promises that his bots would target a 25 usd(20usd base is fine) target price which should be trivial to do with those thin volumes and based upon his promises.

This isn't for my sake, because I won't participate in what appears to be a ponzi for ethical reasons alone, but for the clients victims he is toying with.

[nomoreheroes7]

This is how Josh manipulates his clients :


https://hashtalk.org/topic/25119/gaw-is-about-to-move-the-market
https://archive.today/erGhz

I have heard many of you ask:

Since Paybase will buy our coins at $20, what's stopping me from buying now at a lower price and selling?

The answer is: all the enterprise accounts we just set up at all the major exchanges. We are going to start aggressively pushing the market up ourselves.

Want to know how we will offer a $20 floor? The answer is easy. We will move the market with our buying power. The market will be above the floor.

Plus, all the coins purchased on Paybase will be purchased from the market!

While the delay for Paybase is unfortunate, it does have a silver lining.

Monday marks the first week day for POS.

It's show time.

My little bots are everywhere.

@Allen1980s I threw the one up ok cryptsy. Just for you

https://hashtalk.org/topic/25190/what-floor
https://twitter.com/gawceo/status/547037721727107072
https://archive.today/CVIza

Did someone say something about a floor?

Target price is $25.

$25 is where we take a breath #XPY

Indicating that he is directly manipulating the market for a target price of 25USD instead of 20USD to get more of his existing clients and new greedy victims to buy in. Over the last 5 hours we have seen his wall shoot the market up to ~16USD to than crash to around ~13.8USD far short of 25 dollar wall. They are combining the spam marketing promotion with social marketing hype to feed off of their quick market manipulation which is trivial to do with such thin volume.


Than he goes on to hedge his bets from the disappointing turnout by making comments like this:

https://hashtalk.org/topic/25210/i-am-calling-on-you

I am calling on you not to look at XPY as a stock or profit vehicle.

That's the exact thinking that makes BTC the way it is.

XPY is a currency; it should be treated like you treat your cash. Spend it on things.

Right now, rather than play the market to make a quick buck, call friends and store owners.

Paycoin happens when we work together, and it will mean setting aside some short-term upsides.

We have done a lot of work to get XPY here.

I am calling on the community to rise to this challenge.

I appreciate your belief in mining HPs to make this day happen. But the truth is, it's far from the first time others have invested in a coin.

So let's pat ourselves on the back and move on to the stage where most coins fail.

Let's do the thing no one has ever done, let's forego short-term profit to make this something bigger than ourselves.

I know many of you need access to cash, so I am not asking those of you.

Keep in what you can, and stand behind XPY.

Now is when it matters most.

Which is ridiculous because there has been practically no merchant adoption of the coin(Another lie / exaggeration by Josh) and paybase still isn't open so he is asking people to spend it on things when they cannot while simultaneously pumping it as a get rich scheme with that spam blast and than chastising people for treating XPY like a profit vehicle.  

You are being manipulated and this is going to end badly.

Holy hell I knew this sounded ridiculously scammy, but I didn't realize just how bad it was. "$25 is where we take a breath #XPY"?? Are you fucking kidding me?? Please don't fall for this shit. You don't just call out a random price you're looking to push a coin to unless you're a pumper, i.e. a scammer.

(If Josh was so intent on making paycoin a currency that should be spent immediately, what difference does the price make anyway? Hmm??)

[Creampuff]

No offence here but play fair, the coin is at £13.99 less then a week in... now the forth most traded coin in the world.
Scam or not I think the whole team behind it and the customers involved deserve a little more respect for what they / we have just done.

Say what you will I and thousands like me fully intend on using Paycoin as it was intended to be used, a means of trade.

Now can we please move on from this septic pit of he said she said.

Andy

Where can I spend XPY now? Perhaps we would be more patient with this new coin if the community hadn't been misled with lies and exaggerations?

Coinmarket capitalization doesn't mean much and that goes for Ripple, Litecoin and BTC as well. It represents a very misleading value which doesn't relate much to a coins strengths and reliability.

There is very thin volume there , why can't he follow through and bring XPY to 20usd let alone his 25 usd target? Whats the difference in him doing it now when he has to do it whenever paybase launches regardless?

There are some of us that have very keen bullshit detectors and we can smell this scheme from a mile away. We want josh to immediately start processing your KYC for paybase while they fix all their buggy code and deliver on his promises that his bots would target a 25 usd(20usd base is fine) target price which should be trivial to do with those thin volumes and based upon his promises.

This isn't for my sake, because I won't participate in what appears to be a ponzi for ethical reasons alone, but for the clients victims he is toying with.

Points bolded.

Where can I spend XPY now? / Answer: http://www.worldofpaycoin.com/ there's a few to be getting on with, there will be many more to come. as I said its been less then a week since release!

There are some of us that have very keen bullshit detectors  well there's a whole tonne of it on this forum as a whole to be fair.

This isn't for my sake, because I won't participate in what appears to be a ponzi for ethical reasons alone

again I would like to see some actual proof that Paycoin is a Ponzi.

[inBitweTrust]

Where can I spend XPY now? / Answer: http://www.worldofpaycoin.com/ there's a few to be getting on with, there will be many more to come. as I said its been less then a week since release!

So 9 businesses worldwide and 1 of them on that list" GAW" still doesn't (oddly) accept it? What about Josh's promises of Merchant adoption? A plugin that will convert XPY to BTC and Fiat and breaks merchants TOS does not mean merchant adoption BTW. The merchant isn't adopting anything and will likely be pissed and sue or stop the plugin like amazon did when they find out.

This isn't for my sake, because I won't participate in what appears to be a ponzi for ethical reasons alone

again I would like to see some actual proof that Paycoin is a Ponzi.

It is almost impossible to prove any ponzi before they collapse and are investigated post -mortem. There is plenty of evidence that there is a ponzi occurring however. Of course it is entirely possible this isn't a ponzi, however unlikely based upon the accrued evidence we have been discussing.

If you really aren't a shill and want an honest dialogue about it than how about you start by answering these 3 questions:

There is very thin volume there , why can't he follow through and bring XPY to 20usd let alone his 25 usd target? Whats the difference in him doing it now when he has to do it whenever paybase launches regardless? I understand that he has had a botched launch because of technical incompetence , but why can't he start processing your KYC now instead of focusing all his time on hype?

[aclass]

scam or not .. we will see
in the meantime smart traders can get some cash out of it

[Creampuff]

Where can I spend XPY now? / Answer: http://www.worldofpaycoin.com/ there's a few to be getting on with, there will be many more to come. as I said its been less then a week since release!

So 9 businesses worldwide and 1 of them on that list" GAW" still doesn't (oddly) accept it? What about Josh's promises of Merchant adoption? A plugin that will convert XPY to BTC and Fiat and breaks merchants TOS does not mean merchant adoption BTW. The merchant isn't adopting anything and will likely be pissed and sue or stop the plugin like amazon did when they find out.

This isn't for my sake, because I won't participate in what appears to be a ponzi for ethical reasons alone

again I would like to see some actual proof that Paycoin is a Ponzi.

It is almost impossible to prove any ponzi before they collapse and are investigated post -mortem. There is plenty of evidence that there is a ponzi occurring however. Of course it is entirely possible this isn't a ponzi, however unlikely based upon the accrued evidence we have been discussing.

If you really aren't a shill and want an honest dialogue about it than how about you start by answering these 3 questions:

There is very thin volume there , why can't he follow through and bring XPY to 20usd let alone his 25 usd target? Whats the difference in him doing it now when he has to do it whenever paybase launches regardless? I understand that he has had a botched launch because of technical incompetence , but why can't he start processing your KYC now instead of focusing all his time on hype?

I cant honestly answer those question as I dont work for GAW I'm just a small business owner from Essex UK
You are however welcome as is anyone, to have a chat with Josh yourself.
If you would like I'd be happy to post a link to this thread on the Hashtalk forum, or you can make a post in this thread https://hashtalk.org/topic/25257/question-for-paycoin-critics
Or I'm sure he would welcome a private message if you so choose.

Andy

[inBitweTrust]

I cant honestly answer those question as I dont work for GAW I'm just a small business owner from Essex UK
You are however welcome as is anyone, to have a chat with Josh yourself.
If you would like I'd be happy to post a link to this thread on the Hashtalk forum, or you can make a post in this thread https://hashtalk.org/topic/25257/question-for-paycoin-critics

Seriously?

The thread was locked an hour after he asked the question. Why would someone lock a thread before getting their question answered and before any of his critics would notice it? Appears as if the thread was never intended for us or any serious responses, but to create an illusion that he is open to criticism and tough questions when he isn't.

[Creampuff]

I cant honestly answer those question as I dont work for GAW I'm just a small business owner from Essex UK
You are however welcome as is anyone, to have a chat with Josh yourself.
If you would like I'd be happy to post a link to this thread on the Hashtalk forum, or you can make a post in this thread https://hashtalk.org/topic/25257/question-for-paycoin-critics

Seriously?

The thread was locked an hour after he asked the question. Why would someone lock a thread before getting their question answered and before any of his critics would notice it? Appears as if the thread was never intended for us or any serious responses, but to create an illusion that he is open to criticism and tough questions when he isn't.

Look i'll leave this thread here. as I said you are free to private message him yourself or open up a new thread yourself.
I'll even try my best to keep the thread civil as there are annoying people on Hashtalk as well! they seem to be on every forum these days.

Its been an honest pleasure chatting, thankyou for your time in replying to me

Andy

[youngmike]

[favelle75]

I cant honestly answer those question as I dont work for GAW I'm just a small business owner from Essex UK
You are however welcome as is anyone, to have a chat with Josh yourself.
If you would like I'd be happy to post a link to this thread on the Hashtalk forum, or you can make a post in this thread https://hashtalk.org/topic/25257/question-for-paycoin-critics

Seriously?

The thread was locked an hour after he asked the question. Why would someone lock a thread before getting their question answered and before any of his critics would notice it? Appears as if the thread was never intended for us or any serious responses, but to create an illusion that he is open to criticism and tough questions when he isn't.

Look i'll leave this thread here. as I said you are free to private message him yourself or open up a new thread yourself.
I'll even try my best to keep the thread civil as there are annoying people on Hashtalk as well! they seem to be on every forum these days.

Its been an honest pleasure chatting, thankyou for your time in replying to me

Andy

That's just it man. If you're not super angry, posting memes, and you think of invest differently, then this place is just a hostile pos.

A 24 hour delay in anything GAW does is the end of the world and makes paycoin a scam. Lol

[Normandoyle]

I failed to jump into XPY at $6...silly me. I could've made some nice profits but the scamtalk makes me a little uneasy.

[inBitweTrust]

I failed to jump into XPY at $6...silly me. I could've made some nice profits but the scamtalk makes me a little uneasy.

We can all look back and regret not investing in that "penny stock" that momentarily blipped up in value.

Hindsight is 20/20 , but a sense of ethics and a healthy amount of skepticism can save you from being ripped off or making profit off the losses of future victims.

[favelle75]

I failed to jump into XPY at $6...silly me. I could've made some nice profits but the scamtalk makes me a little uneasy.

We can all look back and regret not investing in that "penny stock" that momentarily blipped up in value.

Hindsight is 20/20 , but a sense of ethics and a healthy amount of skepticism can save you from being ripped off or making profit off the losses of future victims.

I failed to jump into XPY at $6...silly me. I could've made some nice profits but the scamtalk makes me a little uneasy.

We can all look back and regret not investing in that "penny stock" that momentarily blipped up in value.

Hindsight is 20/20 , but a sense of ethics and a healthy amount of skepticism can save you from being ripped off or making profit off the losses of future victims.

Ethics? What a maroon. You make me laugh.

[inBitweTrust]

Ethics? What a maroon. You make me laugh.

Care to elaborate sir, or will an ad hominem and run suffice?

P.S... no need for racial slurs either -https://en.wikipedia.org/wiki/Maroon_%28people%29

I had no control over the feelings my father had for that African refugee on that cold lonely night.

[catfishvina]

When you buy some coin, you must by scamed at least.
You can check server, teamer get infomation?
All coin will scam.
care full buy pls. I dont want head about that.

[inBitweTrust]

When you buy some coin, you must by scamed at least.
You can check server, teamer get infomation?
All coin will scam.
care full buy pls. I dont want head about that.

Might be better to speak in your native language and than we will translate.

[Bansheroom]

No offence here but play fair, the coin is at £13.99 less then a week in... now the forth most traded coin in the world.
Scam or not I think the whole team behind it and the customers involved deserve a little more respect for what they / we have just done.

Say what you will I and thousands like me fully intend on using Paycoin as it was intended to be used, a means of trade.

Now can we please move on from this septic pit of he said she said.

Andy

Where can I spend XPY now? Perhaps we would be more patient with this new coin if the community hadn't been misled with lies and exaggerations?

Coinmarket capitalization doesn't mean much and that goes for Ripple, Litecoin and BTC as well. It represents a very misleading value which doesn't relate much to a coins strengths and reliability.

There is very thin volume there , why can't he follow through and bring XPY to 20usd let alone his 25 usd target? Whats the difference in him doing it now when he has to do it whenever paybase launches regardless?

There are some of us that have very keen bullshit detectors and we can smell this scheme from a mile away. We want josh to immediately start processing your KYC for paybase while they fix all their buggy code and deliver on his promises that his bots would target a 25 usd(20usd base is fine) target price which should be trivial to do with those thin volumes and based upon his promises.

This isn't for my sake, because I won't participate in what appears to be a ponzi for ethical reasons alone, but for the clients victims he is toying with.

[youngmike]

This is how a fake ICO works:

The foot soldiers commit to buying a certain amount the coin during the ICO. The leaders get 100% of the BTC generated from the ICO back, and refund the foot soldiers what they bought, without taking back the coins involved. This means the soldiers can sell these coins later at any price above 1 satoshi – and it is all pure profit, since they got their original BTC back already.

Of course fig leafs are needed for such a play. Large chunks of ICO are set aside for “marketing” and “development”. Conveniently, it is the ICO leaders who control these addresses.

One would think this sort of thing would eventually boomerang back on the leaders. And usually it does. But only for awhile. Because after the fud subsides, the only people left in the coin are those who are “investors”  and “believers”. And for very different reasons, these stakeholders have no interest in seeing truth emerge.

Investors don’t want to demand truth and accountability. That would tank the price forever and they would never be able to realize any gain, or even get out alive.

The believers are a species unto themselves. They develop a cult like devotion to the coin and its supposed technology, blocking out all reasonable outside voices. They cultivate a devotion to the leader of the coin – usually the dev – and join with him in his messianic complex,  which is defined roughly like this: CoinX is going to change the world, and the world doesn’t want that to happen. Paid forces are out to get the leader, and we must circle around him.

If it all gets too much, the leaders of the coin just remove it from the public eye. They retreat to a private forum or bb, where only the voices of the leader and followers can be heard. 

[professional crab catcher]

It is a long con, really horrible to see some blindly get burned beleiving these exciting stories, and everyone else not on hashtalk is a 'jelly hater'
these men seem like cunning grifters
I suspect gaw ceo, the who look like macklemore with cerebral palsy who have a daring taste in vests
is just the mouthpiece puppet of a bigger player pulling the strings in the background, his writings sound like IQ is no more than 85
he could be ethical, instead he build his empire on deceit and lies. when will the house of cards come tumbling down. anyway soon everyone will move onto next scam.  crypto world has gone down to shit

[inBitweTrust]

crypto world has gone down to shit

Not completely, there are still people like you and me who donate our time and warn others for free of scams even when they involve BTC.