Quote from: rawbot on April 17, 2015, 06:52:38 PM

Quote from: Adam_Allcock on April 17, 2015, 03:53:37 AM

LoL why do people even think this can be salvaged? Remember this whole scheme is to fraud. Printing money from thin air. Its main goal is for a few of ppl who is in controll of the whole system.

What does this coin even solve? If there is a feature we like we can always make a side chain to bitcoin block chain. These "web 2.0" of bitcoin are getting ridiculous hence scammers every where.

This is what alarms me the most. Paycoin was created as a scam, by a criminal fraudster. The events of the last 4 months have been mind blowing, yet we have had highly respected and prominent people in the crypto community (such as themage) openly wanting to join forces with teamXPY (Who have shown themselves to be no better than Garza) in order to save the coin.

This is totally bizarre and it really makes me fear for the long term future of crypto. In any other industry on the planet this would not happen. Entities such as paycoin would be regarded as totally toxic and would have been avoided like the plague. They would be allowed (or even encouraged) to die.

There are so many ulterior motives in crypto now that I can't see a bright future. Too many prominent people don't seem to be able to see a toxic train crash right in front of their own faces.

Toxicity....

This coin is less than 6mo old and look at the shit storm...

In June (around there abouts), comes up the bidding for these elusive prime controllers... how the hell can a currency survive when it goes through a bi-annual shit storm over bidding... or do they REALLY think that people are going to put up thousands of dollars in an attempt to lease once of these money printing presses and step back quietly when there's is no transparency over who is bidding and how much...

MUCH LESS the SEC go "okie, dokie... that sounds cool!" over these devices churning out trade-able securities at a rate determined by a group of 20(?) people who'd bought the right to control how much they churn out?