Quote from: owlcatz on March 18, 2016, 02:13:46 PM

Quote from: suchmoon on March 18, 2016, 05:15:03 AM

Quote from: truckinusa on March 18, 2016, 04:54:52 AM

THe $14 dump was real! $800 here

Yeah it held at ~$14 for quite a while and with a lot of volume while Garza was "launching" Paybase and hadn't completely backpedaled from the the "floor" promise. The $20 was very short lived (a few minutes) but the $14 was very doable for those who weren't too greedy although of course if was completely dependent on the greedy ones buying at that price. And those are the ones who got truly fucked. Instead of the expected quick 50% profit ($14 to $20) they got a 99.9% loss.

Yes, trying to rub it in to the current $0.02 bagholders.

Yep, I totally remember that... meanwhile, everyone else was waiting on "Paybase" to "Buyback" their coins at 20 - Anyone with half a brain knew that was never going to happen, but the charts all pointed to nothing but increasing, so why the hell not buy a bunch at 8-10, and then dump them at 12-14? That's just how smart people trade, scam coin or not. It's a shame also that in this particular case, so many newbies got burned, but let's be real, even suchmoon knows it, most of these altcoins (or 96% anyhow) are made to just benefit the creator(s), just like Paycoin was. I would even dare say many took it as revenge on gaw, for having to mine the phony "hashpoints" or whatever they were in exchange for paycoin. All the lemmings believed in the floor, whilst most people here knew it was a sham. Many others made significant amounts of BTC renting mining rigs to people mining paycoin. Unbelievable, but all documented in this thread someplace most likely.

Anyhow, this was one of my favorite posts from dekay after his first or second ban from around that time - Even though I think a majority here believed it would indeed come true, he pretty much summed it up in one coherent sentence:

Quote from: dekay2wasban on December 16, 2014, 01:46:25 PM

Quote from: Paul Revere on December 16, 2014, 01:43:23 PM

Good non-answer. I have already read about 1,000 of those, however.

I am looking for a simple answer to this question: Is GAW going to do a $20 per Paycoin buyback?

okay hows this sound friday gaw runs off with all customer money and closes shop

Edit - I'm still hoping Paul Revere does indeed make a film or book out of this whole shitshow saga like he always said he would. That would make one hell of a come back for him. Wink

ah yes memories! those were the days.i still get a chuckle over that red rocket boost nonsense.
i think i had some of those hash point thingies turned into paycoins.
i mighta made a ten spot, but watching those paycoiner hashlet knuckleheads all kissing homeros scammy ass
as the ship slowly sank was frikkin priceless.