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Question: What is PayCoin?  (Voting closed: February 01, 2015, 07:09:58 PM)
One of the best altcoins of all time - 4 (8.2%)
Good coin, poor planning - 8 (16.3%)
Fraud - 4 (8.2%)
Scam - 3 (6.1%)
Fraud & Scam - 30 (61.2%)
Total Voters: 49

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Author Topic: Paycoin: Scam or Legit? Vote and Post Your Evidence Here.  (Read 1728 times)
coinits (OP)
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January 02, 2015, 07:09:58 PM
 #1

Well have at it...let the vote begin. Post any evidence that supports you claim, if you want/can.

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January 04, 2015, 09:00:57 AM
 #2

Looks like a ponzicoin to me. Josh Garza also seems to be an untrustworthy person.

Too much secrecy and unknowns for any investment. I would avoid it.
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January 05, 2015, 02:14:10 AM
 #3

The code speaks for itself.

https://github.com/GAWMiners/paycoin

This space not for rent...
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January 05, 2015, 02:50:36 AM
 #4

It is the same as any other alt coin. It brings nothing new to the table that bitcoin does not bring. It does however appear to be trying to scam amazon by breaking the TOS of their referral API which does act as a negative to it.

It is too bad they did not live up to their promise to keep the price above $20

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January 05, 2015, 11:06:33 PM
 #5

They premine 1 million paycoins, when the price is high they sell them and disappears

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January 29, 2015, 02:46:04 PM
 #6

why is this thread in the "scam accusation"? Smiley 

I would make a poll to see your ages....a bet that most of you have up to 22 yrs Smiley
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January 29, 2015, 02:54:27 PM
 #7

paycoin is a scam, gaw miners used their market reputation to promote this coin while it is nothing more then a copy paste coin without any innovation, this is a big scam
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January 29, 2015, 03:21:45 PM
 #8

paycoin is a scam, gaw miners used their market reputation to promote this coin while it is nothing more then a copy paste coin without any innovation, this is a big scam

I am not using any miner, neither Gaw and neither paycoin BUT, scam is something else then a " copy paste coin". that means all the Altcoin is scam because it is  copy paste from BTC...
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January 29, 2015, 03:26:08 PM
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paycoin is a scam, gaw miners used their market reputation to promote this coin while it is nothing more then a copy paste coin without any innovation, this is a big scam

I am not using any miner, neither Gaw and neither paycoin BUT, scam is something else then a " copy paste coin". that means all the Altcoin is scam because it is  copy paste from BTC...

Not really. Litecoin first coin to use a different algorithm, Peercoin was the first one to implement an entirely different proof, proof of stake. Burst for example uses POC, or proof of capacity. Darkcoin uses masternodes and mixing implementations, not ALL altcoins are copy paste.

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January 30, 2015, 02:45:22 AM
 #10

paycoin is a scam, gaw miners used their market reputation to promote this coin while it is nothing more then a copy paste coin without any innovation, this is a big scam

I am not using any miner, neither Gaw and neither paycoin BUT, scam is something else then a " copy paste coin". that means all the Altcoin is scam because it is  copy paste from BTC...

Not really. Litecoin first coin to use a different algorithm, Peercoin was the first one to implement an entirely different proof, proof of stake. Burst for example uses POC, or proof of capacity. Darkcoin uses masternodes and mixing implementations, not ALL altcoins are copy paste.

copy+paste can be "same" idea. you don't have to copy everything to be a "clone".  

What I want to say is that even you copy a business(any business), it doesn't mean you are a scam. The word "scam" has other meaning.
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January 30, 2015, 03:20:33 AM
 #11

Correct. I still think Paycoin is misleading at best, scam at worst. Started with GAW and there hashlets, then Amazon denying association with GAW and how they broke there TOS. So much more that they promised that didn't follow through on ($20 floor) which is why they are IMHO a scam.

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January 30, 2015, 11:24:57 PM
 #12

Correct. I still think Paycoin is misleading at best, scam at worst. Started with GAW and there hashlets, then Amazon denying association with GAW and how they broke there TOS. So much more that they promised that didn't follow through on ($20 floor) which is why they are IMHO a scam.


As i said, I don't know GAW shit or paycoin but is someone complaining that he/she did not get the money from them?

a suspicion, thinking is not a valid reason for calling someone "scam". I have suspicions that Paypal is scamming many people and that their CEO Scott Thompson sucks....

I saw MANY website anti-paypal which are saying "PAYPAL SCAM". So, is Paypal a scam based on these allegations? Smiley
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January 30, 2015, 11:28:39 PM
 #13

The admins deleting important posts from their forum to (try to) hide evidence = Obvious, intentional scam.

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January 30, 2015, 11:40:00 PM
 #14

The admins deleting important posts from their forum to (try to) hide evidence = Obvious, intentional scam.

 deleting important posts from their forum = no scam. it is not illegal to delete post from YOUR forum Smiley

scam = a fraud, fraudulent business scheme. all these must be based on facts, evidences.  I am not saying there are clean. I really don't know and I don't care....but let's use the proper words Smiley
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