Re: Paycoin (XPY) is scam

This site seems to be managed by a try-hard. They are posting lies and then going step by step, supporting them with another lies.
Want a proof?

First sentence from the linked article "PayCoin (XPY) an altcoin backed by GAW miners, which is believed to be a scam," leads to another one: "Currently they are being investigated by the SEC for their questionable business model and their operations." Which is a lie. Somebody (probably the author of this "article") even made a fake screenshot of the site with scheduled GAW investigation, but there's no trace on the real site. http://www.sec.gov/litigation/admin.shtml
The question you should ask is why would anyone try to make people think they are being investigated.

People hold grudges, people don't like seeing things succeed that they themselves do not agree with, people believe they are right and everyone else is wrong.

People do what people do...

Give it a year or so and I'm sure you will think differently. It looks like you jumped on the IPO and are defending it because you are worried now that the price has dropped about 50% Typically IPO's with a very large buy-in tend to drop in price within the first month. You need critical analysis in order to make an informed decision otherwise you are trying to base your decision on hype and what the largest holders will tell you, which will always be through rose tinted glasses.