Post
Topic
Board Altcoin Discussion
Re: Paycoin XPY promises $20 a coin?
by
Melbustus
on 12/01/2015, 07:03:23 UTC
Quote from: 'The Official ScamBase Blog'
A minimum of $100,000 in payments from the Company to Sellers will be made on the first of each month, until each repurchased Paycoin™ has been redeemed and each Seller has been paid for Paycoin™ he or she has sold.

So, at $20/PayCoin, they'd need to honor $240,000,000 worth of coin. Given that they're promising to do $100,000 worth of this per month, it'll only take $240m/$100k=2400months =  200 years to honor!!

These guys are some of the more creative scammers we've had around here.