Launched: January 2015
Coin Age: 18 Months
Peak Price: 0.04 BTC
Total Supply: 11,619,960 XPY
Available from: BittrexOverviewCrypto has slowly got rid of many of the big time scammers, mining hardware companies and even exchanges have fallen due to crooked activity, with early investors losing a huge amount of time, money and investment in the crypto landscape. There has also been a breed of new coins which have filled exchanges where people have begun to lose vast amounts of investment on projects such as Bithire and others that blockchains have broken. Many coins have been developed by the same team of a handful of people designed to lose you money, and centralised exchanges are having difficulty in propping up their values.
PaycoinAs we know, Josh Garza promised $20 per Paycoin way back in 2015 when things started to go wrong for the Paycoin team and his mining company, it is worth remembering that this is a verbal contract issued by him as an individual so technically should he have that sort of money, people who own Paycoin are entitled to $20 each, it is very simple. Failing achieving that I believe it is still possible to achieve a $20 per coin with Paycoin given sufficient support. Paycoin with both Garza and Cryptsy out of the way becomes a real potential for an independent public global payment technology.
The FutureI would like to work with as many people as possible to rebrand and take all the existing Paycoin websites, domains and work to establish Paycoin as a trusted, independent payment platform that both the public, banks and businesses can use for their payments, aswell as look at ways to introduce and create new technologies with strong commercial partners.
I have created a new logo above for consideration, new colours and branding designed to create a fresh start for Paycoin, here are some other suggestions;
- increasing the overall coin count as unlimited through POS only
- establishing a $20 payment scheme to all Paycoin holders per coin (subject to availability)
- creating a new roadmap, advancing the existing Paycoin platform
- making it clear that Paycoin is NOT competition for the existing banks, however is an independent platform with no financial or political motivations to allow anyone to establish their transactions on a public blockchain
I have many reservations about Bitcoin and Ethereum, ultimately there is a lack of clear guidance within these groups, however by establishing a consortium of public, voluntary, banking and commercial representatives I believe it will be possible to advance Paycoin. As a public brand Paycoin is much clearer than Bitcoin or any current digital currencies.
We also must realise that as cryptocurrency displaces banking, it will also displace jobs, it is very important that anything that displaces an industry finds ways in which to establish jobs and purpose to those people displaced. Therefore Paycoin needs to look sensibly and seriously at establishing an official high street presence and become a transparent trusted vehicle for finance that can be regulated by the financial services authority.
I hope this is well received by the community, and anyone that is idle in the current Paycoin "foundation" to support this movement forward, or at least provide some information as to the future of Paycoin.
Comments welcome! XPY Donations welcome, address below on profile.