You are at: Home » News » Drops Paycoin, says, “high threshold of evidence as fraud” Drops Paycoin, says, “high threshold of evidence as fraud”

In what was seen as a sudden and dramatic move to many in the cryptocurrency community, the coin exchange service has announced it will be dropping support for GAW Miner’s Paycoin.

In a post on reddit, the company officially stated it would be dropping XPY because of “a high threshold of evidence as fraud.”

The company stated the following:

We’ve looked further into Paycoin, and while there are some criticisms that are superfluous (a coin being “premined” does not necessarily make it a scam, for example), there is one particular issue that we cannot ignore. Josh Garza and the Paycoin admins made a very clear promise – a guarantee – which is that when Paybase opened (a Paycoin marketplace), that Paycoins would be bought there for $20 each. That was a factual promise, made by the creator of the coin.

They also further elaborated with pictorial proof and links of the promises made by Garza regarding the Paycoin floor of $20.

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.

Leave a Reply

2 Comment threads
5 Thread replies
Most reacted comment
Hottest comment thread
6 Comment authors
VolderWalter MulderDan@ChangeTipPotatohead Recent comment authors
newest oldest most voted
Notify of

Future_Prophecy just left a Bitcoin tip worth 5 USD (16,625 bits/$5.00).

Walter Mulder
Walter Mulder

You guys obviously didn’t research this article very well and are biased against GAW. Josh Garza said in a statement: “” We can only do so much. We can NOT counteract the downward dumping force of the entire industry. We were upfront about that. I always said two things. We would buy paycoins at $20, or we would use our resources to manage to $20. They both mean the same thing. We will do everything in our power to make the price $20. And that’s what we are doing. We have also said we would not be able to handle… Read more »

Scroll to Top