The fact is, something like 10% of the bitcoin network jumped over to mine it. I don't think they were expecting that, and I don't think any coin could support that much right away without any hiccups. (Have any other alts had that much power at launch and managed fine?)
No, dozens of other coins have experienced similar growth with no problems and many of them included new/experimental features unlike paycoin.
Source, please? Or at least specifics so I can look it up myself? I'm not particularly interested in looking up 200 coins right now to figure out which one you're talking about.
Pick any successful mineable coin and chances are they've experienced rapid growth at some point.
How many times do GAW things need to break because they are "too successful" before you realize it's all BS?
This has to be the ~10th time he's used that excuse.
Looking at
https://bitinfocharts.com/comparison/hashrate-ppc.html, it's never gone above 2 petahash (I'm assuming Q is P there?) Paycoin was at 100 Ph/s if I remember, so there's no comparison. There's a difference between a huge spike to 1Ph/s and a spike to 100Ph/s.
that cant be trusted. 100 petahash is impossible. bitcoin and other sha alts didnt diminish in hashing power enough to make that value. there were posts showing their calcs were based on was it last 5 blocks or something? a coin dev basically showed the wild swinging figures werent to be trusted due to the frankencode changes.
it was drastically up and down in short bursts.... people dont switch gear pool to pool every 5 mins. there wasnt enough news and talk on crypto forums to back the fact everyone was switching their sha mining in excitement.
its another false hype.