In any case, I agree that Andrew's position on Paycoin is ill-conceived. If Litecoin had any of the same traits as Paycoin, I'd say kill it too. Difference is that Charlie Lee is not a sociopathic fucker hellbent on deception and gaining money by falsities, bleeding a company and its fans dry and then blaming random people on the internet for it. He's just a software guy who figured he could do an Scrypt algorithm coin better than Tenebrix. Now he works at Coinbase. Coinbase doesn't accept Litecoin, and that's a problem.
But Paycoin? Kill Paycoin. It has never for a minute been a legitimate or viable idea. If the people who lost through it end up leaving the community, that's their decision. Plenty of people who never traded anything but Bitcoin have wound up leaving due to overwhelming losses. Crypto is not for the feint of heart, it is not for the cautious investor. It is, however, and I don't mean to be too mean to them, but it is for the moderately intelligent. You have to be able to spot the difference between hype and technology. Examine Paycoin for five minutes with a rational mind, not infected by your feelings toward a particular individual, and you can see that it offers nothing that other proof of stake coins do except ridiculous awards to a select few and a lot of foolish names for things. "Prime Staker" is nothing but "premine 2.0."
Litecoin will come with 150 premined coins: just the genesis block and the first 2 blocks to confirm the genesis is valid. We believe a coin needs to be released in a fair manner. Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Bitcoin. Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.
Present rate, these coins are worth $209 USD. At the height of Litecoin, they were worth less than $8k.
This cannot be said about Paycoin. The investigation in this thread has thoroughly revealed that from its inception Paycoin was designed to prop up a failing company, and was indeed used for that various purpose. Further, it has been revealed that it was launched in bad faith, where an honest person, when realizing that their idea would surely not work, would have simply pulled back and started over.
It's no secret that I am a fan of Litecoin and have never owned a Paycoin. But objectively speaking, Andrew, you're doing yourself no favors by suggesting that anyone should do anything to save Paycoin. There will never be a market outside of that community which values the coin, and therefore it should be taken off the exchanges, since any time it is sold on them, it is done for the very purpose of enriching the callow or foolish, neither of which are things which the cryptocurrency community has a need to promote.