On launch day, Paycoin broke and the blockchain got stuck. Mining was put on hold for a day while it was fixed. Seems like pretty amateur work for a supposedly revolutionary new coin backed by millions of dollars of investment. You'd expect any possible bugs to be ironed out in testnet long before launch.
Hybrid Flex Blockchain? Whatever that means, nothing of it is in there. Paycoin is just another PPC clone. Nothing unique or revolutionary about it.
There was a massive security breach on Paybase the day it launched. Again, more evidence of the amateur nature of the project.
Has anyone read this shit?
https://paybase.com/paysave-faq Paysave. Literally the stupidest most fucktarded shit I have laid eyes on in ages. It's a Chrome extension that just orders shit for you from a different store if it is cheaper elsewhere. You won't even know where your stuff is coming from before it gets to you. Oh and right now it only works on Macy's, Wal-Mart, and Target. It has a grand total of 3 merchants it actually works on. If you could just add a few dozen THOUSAND or so more merchants, this would be a marginally beneficial feature for people who don't know how to search for the shit they want in google to find the lowest price.
Stripe cancelled Paybase for violating their terms of service. All this time to prepare, and they launch their credit card processor and essentially give the message "Psssst.....Hey guys, you can buy Paycoin with your credit card now. But you can't buy too much at a time! We gots to keep this shit on the down low!".
Numerous statements from Josh about the banks and analysts and investors who used a mysterious calculation to determine that a clone coin with zero infrastructure or merchant acceptance was somehow worth AT LEAST $20. Of course the calculations used to come up with this figure, and the mysterious banks, analysts, and investors have never stepped forward.
The branding, logo, and aesthetics of the coin and paybase and related sites are also extremely generic, and show that little time was wasted on crafting a product that felt unique. Going on paybase.com feels like a mash-up of paypal and coinbase. I suppose all the big investors couldn't spare more money to hire a decent team of graphic designers.
What is my point? I have zero fear that Paycoin is going anywhere but down because no one beyond the niche culture of alt-coins would take this coin seriously. It is so clearly an amateur shit show from head to toe. I have no fear this will appeal to the banking sector or any real investment firm because the entire thing is a massive joke and an utter failure.
Josh Garza is just a stupid kid who was in the right place at the right time to service the needs of miners during the scrypt ASIC boom, and he did that well. I still have a couple of Black Widows hashing away to this day. He got greedy, and wanted to be a bigger player. You don't get to be a big shot though if you lack the creativity, inspiration, and brains to do it.
