Post
Topic
Board Altcoin Discussion
Re: Paycoin (XPY) is scam
by
inBitweTrust
on 02/01/2015, 23:10:59 UTC
You know the copied logo isn't going to fly since it could be easily classed as misrepresentation because the GoPago is a Point OF Sale hardware and software business but could easily be mistaken that POS means Proof of Stake, that gopago is an affiliate of paybase and the technology is made for PayCoin.

The fact that they aren't concerned about future litigation from Amazon TOS conflicts , gopago trademark infringement, and the fact that they may face legal action over stealing another coins name -paycoin worries me that they may not be concerned about the long term viability of their business model.

I have not bothered reading up on paycoin, but someone claimed it's ICO raised more than Ethereum. Is this true and can the dev dump the ICO bitcoins? Is there an address where we can see the ICO bitcoins?

Since it is almost completely premined, and josh only created a floor for around 30 minutes, it has been extremely profitable for him. There isn't much transparency so there is no way of knowing how much gaw has made off this scheme as they have been trading on their own exchange and with anomynous bots on other exchanges without having a single ICO investment wallet. Most of the coins are still in control of GAW(They will suggest that they own it with secret investors but so far no evidence supports this) so the market could be drop out much further if these coins start hitting the market.