Quote from: SolidStateSurvivor on March 10, 2015, 02:04:56 PM

Quote from: inBitweTrust on March 05, 2015, 10:57:59 AM

You cannot have a centrally controlled currency like DGC, digicash, libertydollar, liberty reserve, paycoin, ziftr, ect.. without the legal arm of the state shutting everything down and seizing everything.

What the funk does DGC have to do with the rest of those?!? Digicash, paycoin, etc??! Huh

Context is important ... I'm not talking about the alt called "digitalcoin"...if that is what you are referring to.... no one cares about that alt.

Digital gold currency (or DGC) is a form of electronic money based on ounces of gold. It is a kind of representative money, like a US paper gold certificate at the time (from 1873 to 1933) that these were exchangeable for gold on demand.

https://en.wikipedia.org/wiki/Digital_gold_currency

There are varying different types of digital currencies, some are more centralized than others. All these digital currencies have a unique history and characteristics. Anybody investing in paycoin should have looked at the long and sordid history of examples of failed digital currencies and noticed that centralization and a company backed private currency is extremely risky and almost guaranteed to fail for multiple reasons. Yes, paycoin is likely a scam based upon a bunch of lies and false promises.... but even if it wasn't it cannot possibly succeed based upon its vulnerability as being a centralized private currency.

This should have been one warning sign , amongst many discussed here, that people should have avoided this toxic asset.