Post
Topic
Board Altcoin Discussion
Re: Paycoin (XPY) is scam
by
inBitweTrust
on 23/12/2014, 03:40:06 UTC
I'll be happy if you're wrong and I'll be sad/poorer if you are right.

I hope I am wrong in this case because the amount of damage this will do to the victims and cryptocurrency ecosystem in general will equal another MtGox disaster. What I hope for and where the evidence points disagrees unfortunately.


And no, I don't agree about shady business practices.  If you were an actual customer, you'd know that GAW/Josh has basically bent over backwards for his customers. Just because your an outsider looking in, doesn't mean its a scam. 99.99% of the world thinks Bitcoin is a scam. Does that make it true?


Bitcoin is unlikely to be a scam but there certainly are elements to bitcoin that are completely scammy. I believe most cloud mining to be fractional reserve mining or outright ponzi's. This is something that the Bitcoin community is going to have to address and something I have been very vocal about.

I am not going to try and convince you personally of GAW's misbehavior because you seem impervious to any GAW negativity.