Quote from: Melbustus on January 12, 2015, 07:03:23 AM

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.

not if GAW holds 90% of the coins Wink

If 500 BTC worth of XPY are floating in the market it'll only take them month to bring it back to $20 since all they have to do is buy all the coins from users. That's when people start panicking and start buying further

and after that they can keep selling XPY for $20 forever and supply as demand rises and majority of people who buy at $20 won't sell below that price.

GAW wins trust of people and gets more people interested.

from business point of view it's actually a great deal. Those 100k they spend will make them millions in future or even if they dump people will easily buy it and then they can come back and say they've run out of cash. Only handful of people will complain about it.

Faith is restored and Gaw has made millions.

You might call it a scam but it takes a mastermind to pull a scam like that one.

Out of those 500 BTC you can cut off 100 BTC of loyal gaw supporters who won't even sell it at $20. So they're not really spending that much if you think about what can be achieved once they've gained the trust of people.

I mean shit..you buy XPY right now for $5 and they buy it off you for $20. Will you complain?

Hell no

You'll turn from "Gaw is scam" to "I suck gaw dick for dinner"