Re: Paycoin (XPY) is scam

Don't forget to read their source code:

Code:

int64 GetProofOfStakeReward(int64 nCoinAge, int primeNodeRate)
{

   int64 nSubsidy = 0;
   int64 nRewardCoinYear = 0; // creation amount per coin-year

   if (primeNodeRate == 0)
   nRewardCoinYear = 5 * CENT;
   else if (primeNodeRate == 10)
   nRewardCoinYear = 10 * CENT;
   else if (primeNodeRate == 20)
   nRewardCoinYear = 20 * CENT;
   else if (primeNodeRate == 100)
   nRewardCoinYear = 100 * CENT;
   else if (primeNodeRate == 350)
   nRewardCoinYear = 350 * CENT;

   nSubsidy = nCoinAge * nRewardCoinYear * 33 / (365 * 33 + 8);

   if (fDebug && GetBoolArg("-printcreation"))
   printf("GetProofOfStakeReward(): primeNodeRate=%d create=%s nCoinAge=%"PRI64d"\n", primeNodeRate, FormatMoney(nSubsidy).c_str(), nCoinAge);
   return nSubsidy;
}

This gives special slots that are only redeemable with private keys that GAW holds. Note the highest POS is 350%

Make sure to Check their Coin Cap:

Code:

static const int64 MAX_MONEY = 2000000000 * COIN;

2 Billion Max Coins - 350% of 12,500,000 is 43,750,000 XPY produced a year from the massive pre-mine and their "Prime Nodes".

The facts are here, but are we willing to see?
Viz.