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Author Topic: Paycoin (XPY) is scam  (Read 79518 times)
LiteCoinGuy
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December 31, 2014, 09:06:03 PM
 #221

of course it is a SCAM! most people know this since months:

https://bitcointalk.org/index.php?topic=857670.msg9996423#msg9996423

https://bitcointalk.org/index.php?topic=875487.msg9995980#msg9995980


Crestington
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December 31, 2014, 09:06:53 PM
 #222

I firmly believe this coin is misleading a lot of people. I am just saying MAX_MONEY is not a way to determine how many coins can be made. It is used to filter TXs and make sure you don't blast the network with really high output.

Code:
static const int64 MAX_MONEY = 2000000000 * COIN;


if (txout.nValue > MAX_MONEY)
            return DoS(100, error("CTransaction::CheckTransaction() : txout.nValue too high"));




What is the max market cap, then? Also, is that 2000000000 figure for paycoins, or for fractions of paycoin?

There is no real maximum total supply, there isn't in any Coin. That figure is in full Coins and it's used as a mechanism to check only and has no real basis as to what the reward output will be.
boxxa
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December 31, 2014, 09:21:34 PM
 #223

I firmly believe this coin is misleading a lot of people. I am just saying MAX_MONEY is not a way to determine how many coins can be made. It is used to filter TXs and make sure you don't blast the network with really high output.

Code:
static const int64 MAX_MONEY = 2000000000 * COIN;


if (txout.nValue > MAX_MONEY)
            return DoS(100, error("CTransaction::CheckTransaction() : txout.nValue too high"));




What is the max market cap, then? Also, is that 2000000000 figure for paycoins, or for fractions of paycoin?

That is the trick. You need to dig into the match of block rewards and pos interest functions for the total. Max pow blocks * reward is a safe bet but as you see there is random
Pos interests in this code that adds more
goosoodude
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December 31, 2014, 11:55:44 PM
 #224

GAW promising the $20 floor was genius.

When the coin went live during the Pow phase people bought it up like no tomorrow for $7 to $14. Of course, the $20 buy back carrot supported decent prices and huge volume. You can be sure Gaw and affiliates sold shitloads of coins to naive traders and investors.

During this time Paybase is delayed at least twice. Guess what? Still huge volume. Gaw raking in the money.

Now Paybase opens. Guess what? Gaw spends a few bucks and raises the price to $20 - $22 for one minute. They fulfilled their promise. Done. The price goes down.

Consequently, people realize they have been had, and dump coins like no tomorrow on exchanges.

Paybase has a limit of $700 a week for Xpy to btc conversions forcing people to dump at exchanges.

Price is now sub $10 and dropping steadily.

Priceless!





Cant say I am surprised. I initially thought it was only  PPC fork and thats how its promoted but was shown evidence that they tried to mislead and claimed it was innovative. Very difficult to trust those who would try to deceive like that.






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chesthing
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January 01, 2015, 12:41:25 AM
 #225

C'mon, a 2 week old coin gonna displace btc? well, at least this scam's success says the alt scene is still alive
bd04
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January 01, 2015, 01:22:05 AM
 #226

looks like a real scam i've made nearly a btc off it and have more coming back from crypto double that i just deposited

Massive TittieCoin Supporter. Head on over to https://www.cryptsy.com/markets/view/TTC_BTC now for your cheap coins, won't be cheap for long
muddafudda
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January 01, 2015, 01:25:51 AM
 #227

Don't forget to read their source code:

Code:
int64 GetProofOfStakeReward(int64 nCoinAge, int primeNodeRate)
{

    int64 nSubsidy = 0;
    int64 nRewardCoinYear = 0;  // creation amount per coin-year

    if (primeNodeRate == 0)
        nRewardCoinYear = 5 * CENT;
    else if (primeNodeRate == 10)
        nRewardCoinYear = 10 * CENT;
    else if (primeNodeRate == 20)
        nRewardCoinYear = 20 * CENT;
    else if (primeNodeRate == 100)
        nRewardCoinYear = 100 * CENT;
    else if (primeNodeRate == 350)
        nRewardCoinYear = 350 * CENT;

    nSubsidy = nCoinAge * nRewardCoinYear * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): primeNodeRate=%d create=%s nCoinAge=%"PRI64d"\n", primeNodeRate, FormatMoney(nSubsidy).c_str(), nCoinAge);
    return nSubsidy;
}

This gives special slots that are only redeemable with private keys that GAW holds. Note the highest POS is 350%

Make sure to Check their Coin Cap:
Code:
static const int64 MAX_MONEY = 2000000000 * COIN;

2 Billion Max Coins - 350% of 12,500,000 is 43,750,000 XPY produced a year from the massive pre-mine and their "Prime Nodes".

The facts are here, but are we willing to see?
Viz.

The math is wrong. Only the xpy kept in Prime controllers gets the rate, not the whole market cap, so the real number is around half that. Also, isn't the bidding on Prime Controllers open to anyone? Where are these private keys you speak of? Definitely not in the source code you posted.
Code:
if (IsCoinStake())
        {
            // paycoin: coin stake tx earns reward instead of paying fee
            uint64 nCoinAge;
            if (!GetCoinAge(txdb, nCoinAge))
                return error("ConnectInputs() : %s unable to get coin age for coinstake", GetHash().ToString().substr(0,10).c_str());
            int64 nStakeReward = GetValueOut() - nValueIn;
            // todo : using accumulator in later version; make it short please
            if (!vout[0].IsEmpty() && vout[0].scriptPubKey[0] == OP_PRIMENODE350){
                std::vector<string> pubKeyList;
                pubKeyList.push_back("0427096f2e3123970010d97a1f0e210499435482927b12b1d6a209f0c383e03b444a244e372cad494c144b47ac3686fc4feea2aec2df3ba77f41cc27dbf8f3c4ff");
                pubKeyList.push_back("04d96b945eca3ea23e1dfd414d2a4772c66e6c7297d0d4f88b7a3b7c285931c36f16ef26299704d49bda770621d9145d96365e02380b4329aceafe7b81012bef48");
                pubKeyList.push_back("040057901e3de5e6429912047c2b5175dde2586b981397a0e434d43accf2e49c108fb3361b3957fcbbfa39930d50aeff56c690e91ffb2d953eefa46aa50fcb6917");
                pubKeyList.push_back("0486022d6dd5c8d17c411cf28add879e5c738b64090e83a43cca1699ececdb8f3524379aa71bb76a2af2d7e8294c9d7b8179d98215afe589c921e4507f63c5c802");
                pubKeyList.push_back("0436639ad108f7630881fb3af5f540ded3bb4653dab695f1716e71ea5838bcee7c238fa624bc2f1bfe0990cea4c3ee3e9f949bbc61e347b5887815eb51468b5c88");
                pubKeyList.push_back("04d04183c8caad2f41edffbabd5b6a266e886457ef0621283b3418979d841bc2425e6b273ce0ea2b461b9797a7d3edd74a4407af9995a9702018cf69df8eee6aba");
                pubKeyList.push_back("04a8b4a8c55361f37cad732da49b2bccadb9be522dd84f9c2329a7dbfaac8c5dd093b803d791719c413196694c97fcb360b7935034dcc4b1b3c2e45a39e67b8dd6");
                pubKeyList.push_back("04b7930cd8bda83097841cfa0a2b5317ecc029a512bbf056a130421ee500773f16850f74e2cbffa4e8aa2a0b0a25009ea619e49839e8608db4469de285d6ee781d");
                pubKeyList.push_back("04d0e3e0e688659d07d4510e25a9884c12931e581b8a2bcdd8ad6c4362ae219b08089761e88e17109aa6618dfca152f854e880ca66414d7f8e5d1d95e70dc95dee");
                pubKeyList.push_back("04025f944a31226086da4f0f49188bfe12d29a304986d909b00560a5f8c84c09ab0f6d0e16926d42a07eaa522dad74404ef25ca863fbd78d45ecdb6da282caf9da");
                pubKeyList.push_back("04983ebed643535907ebbea93387ca38c262778d21dab385f0d0c5dc49b66ebe54c27d9e318ea2798800a067dc3ad8e414684d477e7633f261b08522a0f81b3c5e");
                pubKeyList.push_back("04512b7f555a89e73cd1f9d5138d8e46b81c49a184e0cb7b538167e046dea93689101f076c59874c085642b33b2ad58ff1dee34ffa1d03880c0272686291bd64b5");
                pubKeyList.push_back("045f46a60dd9c3c3e68a127aee68a4ad59d303f9cfe91e2015156fe25a42687855a6de4ccb53756f06e7c3cf66e295fd84d8c3c0fd73c7cee44966aaae3d033652");
                pubKeyList.push_back("049a0e427b86663cc928d6475d0e591fd6dbaf686e2b6a140e79e646fbaa0c88481984f61de390c9fc73c9f58d2c26bd8bdadbdd400a8cc96b4d7a6f52fbe1209d");
                pubKeyList.push_back("040da5d570e39531f25ae747a1698d67470c0d7fb4941f104d081235f7425cefb95b5eca24daf80a732cb267bd13d47b62ce4102394c180b2a792216f4a087d320");
                pubKeyList.push_back("04672dbddcb26bc82028652a5ff042f98c5c5f58f7330d49ad4a22268f9a93e2cca8ce2ed7a93012b83903f4ddcef5f1a0ea5fb90df3ae38528489d9b69cd0dd39");
                pubKeyList.push_back("04fb8a251640f766ec63aee35f74f49e46b5ae7f61f7bcabe6103d13ab56086c884c525b96e10741704a3c44982aa9c6577184f0259a36f18e4ca8325ff2cd8330");
                pubKeyList.push_back("04f9644ebc672e382eb45a82e221f2ab9d5124fea1de7de2d417c863ddd760c5c778f8fe39e09e7937ac99172a3a9d0b013020c1256b935da171b66864a1e16b9c");
                pubKeyList.push_back("048a58fe8de7c123f6f816667fb1bfe6d99b9f0ac415bde1fdf4e9725fc80d2699c30b362faf992cd00edb586df9f459081c3f586becbabdd33bdd8becf31f85c2");
                pubKeyList.push_back("0475a43388b6023722d93c03128541b3877153736a9ac7f48bf1d1a37e46aa1381a450aa0a6c40e2f4e317a4212c37c18bd1cf99ea3f70ecec83c30f4ceca65201");
                pubKeyList.push_back("04bf85a4920b6fb89868fac40c4917af40546867221f2da2de84b9a9f26c569cee689c2eafe0c911c31ac88d9005badb8f32fb0650ffe2e272194ef5df162b35ac");
                pubKeyList.push_back("04e75eda3a94f74d684a7239b8c6cc056e75fba2690888855f81810c439270265f4c3c46c3aedfaff81da2dfb236e091cc36b5759e6a0513898ad443cf91ff6631");
                pubKeyList.push_back("04c62eb46a011e45f0069d8881894ac22889988b384ba7234c5caeed42d4f11d16e2ba0b55198cec0a0a710714d0602e1ccaada5284ae07fa0ae43b0cb1e7d59b1");
                pubKeyList.push_back("043d60413953d4a9e144d86390c8ddb51b674df65ce1a05a26e400b3bc27cbc55c6c6b05d5030e60dfe59101dc9614e4298c33716be751feb0d494a788e00ad627");
                pubKeyList.push_back("041c10a07fa1799e8d43d4a0b74b89614722fabcfd90dac380d170ebfddd0b5f0462e67c0704172cbe925c77c1890af68000d44fed56d628cceea6101fcaf74d38");
                pubKeyList.push_back("04640a129ecf82ed28875881c28f59bf46b82aba8e8be77ad39bb1dd0ffd7944f49da4dc3de9cac50d88763167583b030d7df0e234e8a6e9de725aa337fcb1f0ed");
                pubKeyList.push_back("04e5cba6da1d31076d42db494613e6c8587ba4252693c8d8dbcdae033479e8cab10921c147b91127ef4b36d0209a8de917f3c51fd231b07acdcce47d0ac3a14de8");
                pubKeyList.push_back("0479502526431508d1edcb054bfb49dfed971e144ff1d3d89384f1af8c95a2ee3d6f296cade67c2dfb8c43b324ed6cc079395a5ec4118f0b8c5737fe8988d4ecfc");
                pubKeyList.push_back("04048059da03e2ecca976fb0c8e8ea408ea3a8e2b45c55c9ee095011077ded701f9b8639b265e1dc1eb0ac08f990f67b99da03f4bb5c68bef182488d49f5e27762");
                pubKeyList.push_back("04f3b1f9c8b07034eb3f7f609d150561ee4ae05a1051816060974221f5c36a1e3db4b79b46146da9bae303648dbf94bf740ad41d6e3297eeae6829bd2d9f3e3a5e");
                pubKeyList.push_back("048f400e748d54d8fdf148a270adcb7aa4b73c9d49f3c8bbdf57df6a8a349c54abaae8e223bab43cb1770e8a80c00cb11904e301f32ea0aeec5d59ce8a9b9dc5c1");
                pubKeyList.push_back("04cf206b074a8da673f6b06cdbd28b82253ef4b4aeb6689745bf9e42a5d9007269b18a3ba5becfabb3a2d5f7b4e84ad9f6d6283856fc315ddf4fd8e5797a4d8be7");
                pubKeyList.push_back("04ae324ce3d313a42a76ec17f09625185c53bfa99c5f06920105291bea676220203d3f1b7c0de605c2bbcaa760a632f5b9a55dd86d8f36b6b985932d61a9a88946");
                pubKeyList.push_back("040ba9aeeff11561fa33827d17957fc40ed5b1b8d260140535e0350ba431609abf3a31166a9e014d26553520f59de730dbcf5944fb433d1abfadb3f4f30668ab48");
                pubKeyList.push_back("0416683a0796c3dfda8065c6011a61747488345bf0a0f559836104b4e9074e6c40b206797850603862baac60ba61bea930db1f2b4362c117d54472dc2a8b93bbd4");

                bool isVerify = false;
                BOOST_FOREACH(std::string strPubKey, pubKeyList){
                    std::vector<unsigned char> vchPubKey = ParseHex(strPubKey);
                    CKey key;
                    key.SetPubKey(vchPubKey);
                    CScript scriptTime;
                    scriptTime << nTime;
                    uint256 hashScriptTime = Hash(scriptTime.begin(), scriptTime.end());
                    std::vector<unsigned char> vchSig;
                    vchSig.insert(vchSig.end(), vout[0].scriptPubKey.begin() + 2, vout[0].scriptPubKey.end());
                    if(key.Verify(hashScriptTime, vchSig)){
                        isVerify = true;
                        break;
                    }
                }
                if(!isVerify)
                    return DoS(10, error("CTransaction::ConnectInputs() : verify signature failed"));
                if (GetValueOut() < MINIMUM_FOR_PRIMENODE)
                    return DoS(100, error("ConnectInputs() : credit doesn't meet requirement for primenode = %lld while you only have %lld", MINIMUM_FOR_PRIMENODE, GetValueOut()));
                if (nStakeReward > GetProofOfStakeReward(nCoinAge, 350) - GetMinFee() + MIN_TX_FEE)
                    return DoS(100, error("ConnectInputs() : %s stake reward exceeded", GetHash().ToString().substr(0,10).c_str()));

            }else if (!vout[0].IsEmpty() && vout[0].scriptPubKey[0] == OP_PRIMENODE100){
                std::vector<string> pubKeyList;
                pubKeyList.push_back("046ebc739ff7d6a0dbb3ae9bb9260a17b9d2fc40ca77d9c018784834ef863414c17b4fd3a580d9721ec0ee12c823f1eb48821b8135cd32aee26ba3be9cb22f7a31");
                pubKeyList.push_back("04ffcd9e3acffbd40d6472f354e76f03a5c806623a5fbe341796b92e71ad59f5c4a4ad5f04c4fe7d6e50f6546d361a06020f8670eae020e8a7a1d036155e75d10a");
                pubKeyList.push_back("04a61c5b67927c4a0389baa1089a87a93d60fbf15cc345823097245d0c331525d273a03544720f3a4e8f9afb443793f3ea595d5f0af7e17d764385750a9eb54d19");
                pubKeyList.push_back("04f9f78f1dcdb6f76ba0a962aba3058a605691e2ecd63e16b5e0e39d19c5821f8eda421d06b4bf1159bcee989f01b273a4337ba0bc9fc749ef35c32e6e4a7bc1e9");
                pubKeyList.push_back("0444b7d2aa1b9c74710325735df89692d1fa686a3a67d95462cbf4cb0d8f47eb9ac18da92bcce99b58e1be020c36736d9a1f85fa191c2ddcc779c53c4ede7c73b9");
                pubKeyList.push_back("0426bbbd25a4dc0a295b64d4f1d3787d39cba04534109cd145c5229a8cc3285d097462131dd6fa1968eb510d53fee8a012250390ef6149c2003784f5585fef97a2");
                pubKeyList.push_back("04ab438d669c7ed7db2e0eef61bd7ae4937ac32347d39adfb204f4d6e4e2a5adfa4548f69dc4cdc2ff3da0506e9382f69175138163328d445f110081dfa5d5d416");
                pubKeyList.push_back("04406932519cd5e47333a049922eb8bcddc6b722c31440f36ca2851e119314b375914b08c635837e47c7cbf6ace95acbadee62acb054551bc4255c81d03c485e95");
                pubKeyList.push_back("0454d677fbe06d5f56920db9bd124015edfd1fb32786c88a1a15cf0a84204d4386bd48fb31239eb3e594b13ca952b3c5f25aca9f3f702ad5b0120160dc355a6fbd");
                pubKeyList.push_back("0452f030183dffd2b53d639b16488bd451ba2dc9d1791464300f28abf5414036530735b6a8de119443e3875f2e67514b6b2678ed3966629d354e6aabdb8251ed19");

                bool isVerify = false;
                BOOST_FOREACH(std::string strPubKey, pubKeyList){
                    std::vector<unsigned char> vchPubKey = ParseHex(strPubKey);
                    CKey key;
                    key.SetPubKey(vchPubKey);
                    CScript scriptTime;
                    scriptTime << nTime;
                    uint256 hashScriptTime = Hash(scriptTime.begin(), scriptTime.end());
                    std::vector<unsigned char> vchSig;
                    vchSig.insert(vchSig.end(), vout[0].scriptPubKey.begin() + 2, vout[0].scriptPubKey.end());
                    if(key.Verify(hashScriptTime, vchSig)){
                        isVerify = true;
                        break;
                    }
                }
                if(!isVerify)
                    return DoS(10, error("CTransaction::ConnectInputs() : verify signature failed"));
                if (GetValueOut() < MINIMUM_FOR_PRIMENODE)
                    return DoS(100, error("ConnectInputs() : credit doesn't meet requirement for primenode = %lld while you only have %lld", MINIMUM_FOR_PRIMENODE, GetValueOut()));
               if (nStakeReward > GetProofOfStakeReward(nCoinAge, 100) - GetMinFee() + MIN_TX_FEE)
                    return DoS(100, error("ConnectInputs() : %s stake reward exceeded", GetHash().ToString().substr(0,10).c_str()));

            }else if (!vout[0].IsEmpty() && vout[0].scriptPubKey[0] == OP_PRIMENODE20){
                std::vector<string> pubKeyList;
                pubKeyList.push_back("04ce27308191e2e0274459bb191ba2cb93ef4dc8a838e8e8310083fcf7e2be9c7c20b3b15e2dc2a1482275ee55138c2350771231b00d7740e1e495269987faa24b");
                pubKeyList.push_back("04311cc5333eeadbb3b18f6c70832df159796b1872bfa66bf214030ced65f8a33c4c6b4da48ffebb111a09129b337c9ed5129256995a4fa315fab3b81666cf2bad");


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January 01, 2015, 01:27:04 AM
 #228

Don't forget to read their source code:

Code:
int64 GetProofOfStakeReward(int64 nCoinAge, int primeNodeRate)
{

    int64 nSubsidy = 0;
    int64 nRewardCoinYear = 0;  // creation amount per coin-year

    if (primeNodeRate == 0)
        nRewardCoinYear = 5 * CENT;
    else if (primeNodeRate == 10)
        nRewardCoinYear = 10 * CENT;
    else if (primeNodeRate == 20)
        nRewardCoinYear = 20 * CENT;
    else if (primeNodeRate == 100)
        nRewardCoinYear = 100 * CENT;
    else if (primeNodeRate == 350)
        nRewardCoinYear = 350 * CENT;

    nSubsidy = nCoinAge * nRewardCoinYear * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): primeNodeRate=%d create=%s nCoinAge=%"PRI64d"\n", primeNodeRate, FormatMoney(nSubsidy).c_str(), nCoinAge);
    return nSubsidy;
}

This gives special slots that are only redeemable with private keys that GAW holds. Note the highest POS is 350%

Make sure to Check their Coin Cap:
Code:
static const int64 MAX_MONEY = 2000000000 * COIN;

2 Billion Max Coins - 350% of 12,500,000 is 43,750,000 XPY produced a year from the massive pre-mine and their "Prime Nodes".

The facts are here, but are we willing to see?
Viz.

Yes, when I posted the original code I didnt really emphasise the 350% POS, thankyou.
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January 01, 2015, 08:29:58 AM
 #229

XPY is shit coin because the dev owns most of coins, don't invest in this shitcoin Grin
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January 01, 2015, 10:57:24 AM
 #230

And it's dropping!
No scam yeah?! Roll Eyes
a fool and his money ...
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January 01, 2015, 11:48:54 AM
 #231

lol
as if that wasn't to be expected from the very first minute.

I only needed to know:
does not make an ANN at btctalk

why would they do that? Because they fear being ripped apart by people and asked a lot of questions they don't want to answer?

Same reason i will not touch Bitshares ever.

A coin that doesn't ann here out of fear to have to deal with the "trolls and fudders" is not a strong product and likely has something to hide. We have seen time and times again so called "fudders and trolls" expose scams for what  they are.
So a coin not announced here can't get any respect.

Launching in an envirnonment where you control the conversation (own forum) and kick out everyone with some questions or doubts and same time NOT making an ANN here is a red flag.
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January 01, 2015, 11:55:09 AM
 #232

Definitely not in the source code you posted.

https://github.com/GAWMiners/paycoin/blob/master/src/wallet.cpp#L1294

Code:
 if (mapArgs.count("-primenodekey") && mapArgs.count("-primenoderate")) // paycoin: primenode priv key
{
std::string strPrivKey = GetArg("-primenodekey", "");
std::vector<unsigned char> vchPrivKey = ParseHex(strPrivKey);
CKey key;
key.SetPrivKey(CPrivKey(vchPrivKey.begin(), vchPrivKey.end())); // if key is not correct openssl may crash
CScript scriptTime;
scriptTime << txNew.nTime;
uint256 hashScriptTime = Hash(scriptTime.begin(), scriptTime.end());
std::vector<unsigned char> vchSig;
if(!key.Sign(hashScriptTime, vchSig)){
return error("CreateCoinStake : Unable to sign checkpoint, wrong primenodekey?");
}
CScript scriptPrimeNode;
std::string primeNodeRateArg = GetArg("-primenoderate", "");
if (primeNodeRateArg.compare("350") == 0){
scriptPrimeNode << OP_PRIMENODE350 << vchSig;
primeNodeRate = 350;
nCombineThreshold = MINIMUM_FOR_PRIMENODE;
}else if (primeNodeRateArg.compare("100") == 0){
scriptPrimeNode << OP_PRIMENODE100 << vchSig;
primeNodeRate = 100;
nCombineThreshold = MINIMUM_FOR_PRIMENODE;
}else if (primeNodeRateArg.compare("20") == 0){
scriptPrimeNode << OP_PRIMENODE20 << vchSig;
primeNodeRate = 20;
nCombineThreshold = MINIMUM_FOR_PRIMENODE;
}else if (primeNodeRateArg.compare("10") == 0){
scriptPrimeNode << OP_PRIMENODE10 << vchSig;
primeNodeRate = 10;
nCombineThreshold = MINIMUM_FOR_PRIMENODE;
}else{
return error("CreateCoinStake : Primenode rate configuration is wrong or missing");
}
txNew.vout.push_back(CTxOut(0, scriptPrimeNode));
}else{
// Mark coin stake transaction
CScript scriptEmpty;
scriptEmpty.clear();
txNew.vout.push_back(CTxOut(0, scriptEmpty));
}

https://github.com/GAWMiners/paycoin/blob/master/src/main.h#L63

Code:
static const int64 MINIMUM_FOR_PRIMENODE = 125000 * COIN;

These are the private key imports for the private proof of stake. GAW controls the private keys and hence the Prime Node Slots at varying degrees of interest. Maximum is 350%.

Thank You,
Viz.

[Nexus] Created by Viz. [Videlicet] : "videre licet - it may be seen; evidently; clearly"
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January 01, 2015, 06:07:47 PM
 #233

Gaw is pulling away from Paycoin. No surprise here.

Ceo finally admitted this morning at hashtalk they would not control price.

They will, however, support the coin by implementing other *promises* via Paybase.

The best part is; those still drinking the koolaid and loving it.


" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
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January 01, 2015, 06:26:26 PM
 #234

Same reason i will not touch Bitshares ever.

Bitshares' has already been attacked via Sybil but according to the devs it's "not an issue".

Gaw is pulling away from Paycoin. No surprise here.

Ceo finally admitted this morning at hashtalk they would not control price.

They will, however, support the coin by implementing other *promises* via Paybase.

The best part is; those still drinking the koolaid and loving it.


"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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January 01, 2015, 07:03:58 PM
 #235

https://www.youtube.com/watch?v=w90SspSJSgs

Paycoin2 scam broken down around minute 6

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January 01, 2015, 07:13:06 PM
 #236

https://www.youtube.com/watch?v=w90SspSJSgs

Paycoin2 scam broken down around minute 6


I think you need to do more reading...

The very first comment was wrong, (there appears to be only 1 wallet staking at 350%.) Thats plain wrong.
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January 01, 2015, 07:23:22 PM
 #237

https://www.youtube.com/watch?v=w90SspSJSgs

Paycoin2 scam broken down around minute 6


I think you need to do more reading...

The very first comment was wrong, (there appears to be only 1 wallet staking at 350%.) Thats plain wrong.

Sh no one cares as long as they can feel smug about calling things out without proper research.
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January 01, 2015, 09:14:27 PM
 #238

Those with negative attitude are good for the coin, they are needed just as the ones pushing it. You can't destroy a coin by calling it a scam on youtube, if it's not a scam it will continue despite the negativity. On the other hand if it's flawed it will die despite the pushing and pumping. I hope this controversial coin can prove its haters wrong.

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January 01, 2015, 09:29:05 PM
 #239

Those with negative attitude are good for the coin, they are needed just as the ones pushing it. You can't destroy a coin by calling it a scam on youtube, if it's not a scam it will continue despite the negativity. On the other hand if it's flawed it will die despite the pushing and pumping. I hope this controversial coin can prove its haters wrong.

I agree.

GawCeo is Paycoin's worst enemy. Promises made and not kept really piss people off. If Gaw followed through everything would be hunky dory.
Now it appears to be just another btctalk pump&dumper without the btctalk.

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
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January 01, 2015, 09:57:04 PM
 #240

https://www.youtube.com/watch?v=w90SspSJSgs

Paycoin2 scam broken down around minute 6


I think you need to do more reading...

The very first comment was wrong, (there appears to be only 1 wallet staking at 350%.) Thats plain wrong.

The point was that only GAW is getting 350% a year in payouts.

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