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Topic: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! - page 168. (Read 473154 times)

full member
Activity: 214
Merit: 113
Indeed. And the content is crap, so people (in general, taking into account the huge market you like to talk about) aren't playing.

Maybe they're aiming too low. Smartphone market is even "huger" so they should make their own smartphone and rake in some billions  Smiley

Seriously though, it doesn't look like they will ever learn what it means to be competent and competitive. Bluster can only take you so far.

Genius. Clearly there is a gap in the market there. Smartphones... but with a hyper staking shitcoin crypto. Anyone fancy starting that ICO?

Meanwhile, Spells of Genesis launched their game on the iOS store and the Play store yesterday, and got a fair amount of press (some mainstream, but lots of crypto press) to buff up the launch. Despite many articles discussing blockchain based 'mainstream' gaming (which I still maintain is a needless solution in search of a problem, but whatever), none of the articles even mentioned Ion, Ionomy or Crypto Gravity. The brilliance of the Ionomy marketing machine in full swing, then. I realise that its an entirely different genre of game, but this is probably the first true 'competitor' to Ionomy. How will they react? Will they react at all? Exciting times.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Indeed. And the content is crap, so people (in general, taking into account the huge market you like to talk about) aren't playing.

Maybe they're aiming too low. Smartphone market is even "huger" so they should make their own smartphone and rake in some billions  Smiley

Seriously though, it doesn't look like they will ever learn what it means to be competent and competitive. Bluster can only take you so far.
full member
Activity: 214
Merit: 113
Concerning Gravity I'm not avoiding anything........... I just don't want to comment on an incomplete product

Hmm. Incomplete, you say? How much longer do they need?

The beauty with a freemium model is the end user gets to play for free without having to spend a dime. You won't appreciate this but control is everything it platform games and the controls in Gravity are spot on. Add more worlds, challenges, weapons, bosses, whatever  you have something special why because at its heart the foundations are solid.

If you don't like 2d platformers after playing Gravity you still won't like 2d platformers. But if you do then your gonna love it.
Fun starts when Gravity ships and is available on both the Apple and Google stores that's the market that Ionomy are targeting and it's a huge one with many millions of people all over the world being capable of downloading and playing Gravity.

My guess is any advertising will kick in once Ionomy can gauge market reaction to their model / proposition............ a huge market that you'll want to target

For me day 1 is when I can download and play Gravity, everything before this day has been about setting up infrastructure.   
I've been playing Gravity since the first Alpha and can testify it's a good game. Those that love platform games will love it those that don't won't.

Funny how you didn't mention it being incomplete when you were trying to talk up the launch.

Your competing at a content level not at a game developer level, Gravity is going to be free to play so if the games crap people won't play. 

Indeed. And the content is crap, so people (in general, taking into account the huge market you like to talk about) aren't playing.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I'm not counting atoms.......... some factors to consider

The ICO price was $20 to $25. BCT today that's 16k to 20k sats. 45-55k would mean an ICO price of 56 to 69 cents Huh The difference between 16k & 55k = profit

You don't factor in a years worth of staking rewards

Over the year at times the price dropped to 10k lows. If the price dropped to 12k I would buy as much as I could afford

Sure  Grin

By that logic anybody who held their bitcoins from 2015 made an easy 500-600% ROI without having to move a finger, let alone shill for some shitcoin.

ION was never bought or sold for USD but sure, it's nice to use USD as your ROI measure as it makes it look better than it is. Why not GBP or VEF, would look even better.

I did factor in staking, I even mentioned in my post that your cost basis would have to be 16k if you managed to double your IONs via staking, which is actually impossible now that you're claiming you were buying them over the past year. But that's of course irrelevant with your alternative facts and creative math.

I'm not looking to sell anytime soon so to ME pricing TODAY is irrelevant. Once upon a time DASH was 50 cents now it's $71.... why not ION ?

Concerning Gravity I'm not avoiding anything........... I just don't want to comment on an incomplete product

Oh come on... you were never shy to comment on it. And how did it suddenly become "incomplete" if the whole point of delaying it for ~9 months was to make it "in-depth" etc?

not followed full diskussion but if someone invest with $ and just for a few min converted them to BTC to be able spend them at something that only accepts to be bough with $

then u can legitim calculate with the $ value of ur invest the day u spended the bitcoins
towards the $ value of ur invest today

and the ICO sell $ value was 0.20 per ION and today coinmarketcap show this moment 0.47 $ if ya consider that additional in that long timeframe u earned a lot with POS and or masternode and or ionomy staker u can easy estimate at least x3 value gain

Yeah right. If BTC crashed to $200 tomorrow and ION was still trading at 40k sat the whales would be bragging about it holding its BTC price and would tell us to ignore the pesky USD. Probably blame BTC exchange rate within the same sentence. Same fallacies as with any other shitcoiner.
newbie
Activity: 14
Merit: 0
You know I've been here from the start evangelising Ionomy. If you piece together all you know you'll see that 700% is about right  Smiley

What I know is that the ICO price was ~45-55k sat, and it's ~50k now. You've said that you invested before ION (xpybits et al), so presumably paid more for XPY and converted to ION. Your claim makes it sound that your cost basis is ~8k, perhaps ~15k if you doubled it via staking.

Maybe you're counting your atoms. Since there is no public market it's hard to judge that. What was the original price of atoms/xpybits? 300k sat or so? Currently selling for ~200k?

Besides you're the one boasting about 700%, not sure why I need to piece anything together to prove YOUR claim.

not followed full diskussion but if someone invest with $ and just for a few min converted them to BTC to be able spend them at something that only accepts to be bough with $

then u can legitim calculate with the $ value of ur invest the day u spended the bitcoins
towards the $ value of ur invest today

and the ICO sell $ value was 0.20 per ION and today coinmarketcap show this moment 0.47 $ if ya consider that additional in that long timeframe u earned a lot with POS and or masternode and or ionomy staker u can easy estimate at least x3 value gain

hero member
Activity: 1248
Merit: 583
You know I've been here from the start evangelising Ionomy. If you piece together all you know you'll see that 700% is about right  Smiley

What I know is that the ICO price was ~45-55k sat, and it's ~50k now. You've said that you invested before ION (xpybits et al), so presumably paid more for XPY and converted to ION. Your claim makes it sound that your cost basis is ~8k, perhaps ~15k if you doubled it via staking.

Maybe you're counting your atoms. Since there is no public market it's hard to judge that. What was the original price of atoms/xpybits? 300k sat or so? Currently selling for ~200k?

Besides you're the one boasting about 700%, not sure why I need to piece anything together to prove YOUR claim.

I'm not counting atoms.......... some factors to consider

The ICO price was $20 to $25. BCT today that's 16k to 20k sats. 45-55k would mean an ICO price of 56 to 69 cents Huh The difference between 16k & 55k = profit

You don't factor in a years worth of staking rewards

Over the year at times the price dropped to 10k lows. If the price dropped to 12k I would buy as much as I could afford



As an investor price is utterly relevant. If I woke up tomorrow and couldn't control my warm loins so prematurely ejaculated sorry exited. It's nice to know that it would be at a profit which is kinda important when it comes to investment

And yet...

Like you the price to me is irrelevant as I'm not looking to sell anytime soon.   

So basically, it's relevant when you want it to be for the purpose of gloating like a glib idiot. I also doubt that you'd be able to liquidate your entire position if you had a fit of the yips without crashing the price right back down and causing panic amongst the other whales/investors, so essentially you're trapped for now.

And I agree, like I've been saying for months now ultimately success will dependant on the teams ability to deliver and the market acceptance of their business plan NOTHING ELSE

You say this and yet you are unwilling to comment on the fact that the pool of players the flagship product -- worked on steadfastly for nearly a year behind closed doors and tested to within an inch of it's life (supposedly) by the expert whales -- has, on average, only around 30 players each week, a significant number of whom are people who were already investors in 'the ionomy' before the game launched. The fact is, no matter how much you choose to avoid it, that the market (i.e. the gaming community) doesn't want the game.

I'm not looking to sell anytime soon so to ME pricing TODAY is irrelevant. Once upon a time DASH was 50 cents now it's $71.... why not ION ?

Concerning Gravity I'm not avoiding anything........... I just don't want to comment on an incomplete product
full member
Activity: 214
Merit: 113
As an investor price is utterly relevant. If I woke up tomorrow and couldn't control my warm loins so prematurely ejaculated sorry exited. It's nice to know that it would be at a profit which is kinda important when it comes to investment

And yet...

Like you the price to me is irrelevant as I'm not looking to sell anytime soon.  

So basically, it's relevant when you want it to be for the purpose of gloating like a glib idiot. I also doubt that you'd be able to liquidate your entire position if you had a fit of the yips without crashing the price right back down and causing panic amongst the other whales/investors, so essentially you're trapped for now.

And I agree, like I've been saying for months now ultimately success will dependant on the teams ability to deliver and the market acceptance of their business plan NOTHING ELSE

You say this and yet you are unwilling to comment on the fact that the pool of players the flagship product -- worked on steadfastly for nearly a year behind closed doors and tested to within an inch of it's life (supposedly) by the expert whales -- has, on average, only around 30 players each week, a significant number of whom are people who were already investors in 'the ionomy' before the game launched. The fact is, no matter how much you choose to avoid it, that the market (i.e. the gaming community) doesn't want the game.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
You know I've been here from the start evangelising Ionomy. If you piece together all you know you'll see that 700% is about right  Smiley

What I know is that the ICO price was ~45-55k sat, and it's ~50k now. You've said that you invested before ION (xpybits et al), so presumably paid more for XPY and converted to ION. Your claim makes it sound that your cost basis is ~8k, perhaps ~15k if you doubled it via staking.

Maybe you're counting your atoms. Since there is no public market it's hard to judge that. What was the original price of atoms/xpybits? 300k sat or so? Currently selling for ~200k?

Besides you're the one boasting about 700%, not sure why I need to piece anything together to prove YOUR claim.
hero member
Activity: 1248
Merit: 583
pricing crypto success in $$$ is misleading. a cryptos value can not increase but because of the pinning to btc price you can say its rising when its not the case. crypto altcoins should judge based on satoshi value increase not usd $$$.

unless of course you are cashing to usd $$$ without converting your ion to btc first that is.

ION is not yet a success. What you see now is just the start (Year 1). For me success is when the price hits $50 or .04 BTC.

I quote $$$'s as I've found more people find it easier to understand.......... note though it will be a while before I'd consider selling anything.

In my humble opinion a key factor with ION is to hoard as much as you can today Smiley



Yep that's me an ION bagholder victim  :'(

Victim being defined as someone who if they decided to cash in and walk away today would be looking at an ROI of around 700%..... I'm such a victim Sad

You must be so proud of the people you've saved over this past year that listened to your words of wisdom  Roll Eyes

Really?  Smiley

I doubt that even by cherry-picking low points and saying "I bought here" you could show a 700% ROI but feel free to prove me wrong. Show us the numbers.

700% might be a bit low as I just checked Bittrex and the price is now 61 cents



You know I've been here from the start evangelising Ionomy. If you piece together all you know you'll see that 700% is about right  Smiley




There is also the IBC in Seychelles.

There is nothing wrong with LLCs or Ltds, anybody doing any kind of non-negligible business should care about separating their business liability from their personal one, and it's cheap an easy to do in most jurisdictions. Obviously there is more to it than that, you actually have to keep assets separate etc but that's another story.

However this shitshow of multiple companies claiming ownership of their products and pretending to do business offshore - while that's clearly not the case - doesn't seem to be based on good business practices. Amateurish and could possibly land them in hot water should they ever grow beyond their base of ~50 bagholders. I doubt they've talked to a lawyer about this as I can't imagine that someone with any clue on the subject could have advised them that it's ok to pretend being registered in Seychelles while running a financial business via UK/US companies.

I'd guess that the UK Ltd had an Apple developer account so they saved $100 by using that and not signing up under their real business name, whatever that is. Initially Google Play had a different business name then it was was changed to match. Still different from the one on ionomy.com. Still no text of the TOS you're agreeing to inside the app.

Thanks for this. Believe it or not I had somehow completely forgotten about the Seychelles company. I suppose its difficult for us to pass judgment when we don't have the full facts, but I'd agree that at the very least this structure appears messy.

To speak briefly to Korvas once again gloating over the price; I've said it before, I'll say it again. The price is utterly irrelevant other than the warm sensation in your loins that it might give you unless you are taking profit. The only thing that will make this project a success is it's base aim: successful games. 30 odd users per week over a month after release does not a successful game make, my friend. Everything else -- the master nodes, the back slapping in your slack channel -- all that will count for naught if the team can't produce a product that captures a lot more users.

As an investor price is utterly relevant. If I woke up tomorrow and couldn't control my warm loins so prematurely ejaculated sorry exited. It's nice to know that it would be at a profit which is kinda important when it comes to investment

And I agree, like I've been saying for months now ultimately success will dependant on the teams ability to deliver and the market acceptance of their business plan NOTHING ELSE
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Yep that's me an ION bagholder victim  Cry

Victim being defined as someone who if they decided to cash in and walk away today would be looking at an ROI of around 700%..... I'm such a victim Sad

You must be so proud of the people you've saved over this past year that listened to your words of wisdom  Roll Eyes

Really?  Smiley

I doubt that even by cherry-picking low points and saying "I bought here" you could show a 700% ROI but feel free to prove me wrong. Show us the numbers.
full member
Activity: 214
Merit: 113
There is also the IBC in Seychelles.

There is nothing wrong with LLCs or Ltds, anybody doing any kind of non-negligible business should care about separating their business liability from their personal one, and it's cheap an easy to do in most jurisdictions. Obviously there is more to it than that, you actually have to keep assets separate etc but that's another story.

However this shitshow of multiple companies claiming ownership of their products and pretending to do business offshore - while that's clearly not the case - doesn't seem to be based on good business practices. Amateurish and could possibly land them in hot water should they ever grow beyond their base of ~50 bagholders. I doubt they've talked to a lawyer about this as I can't imagine that someone with any clue on the subject could have advised them that it's ok to pretend being registered in Seychelles while running a financial business via UK/US companies.

I'd guess that the UK Ltd had an Apple developer account so they saved $100 by using that and not signing up under their real business name, whatever that is. Initially Google Play had a different business name then it was was changed to match. Still different from the one on ionomy.com. Still no text of the TOS you're agreeing to inside the app.

Thanks for this. Believe it or not I had somehow completely forgotten about the Seychelles company. I suppose its difficult for us to pass judgment when we don't have the full facts, but I'd agree that at the very least this structure appears messy.

To speak briefly to Korvas once again gloating over the price; I've said it before, I'll say it again. The price is utterly irrelevant other than the warm sensation in your loins that it might give you unless you are taking profit. The only thing that will make this project a success is it's base aim: successful games. 30 odd users per week over a month after release does not a successful game make, my friend. Everything else -- the master nodes, the back slapping in your slack channel -- all that will count for naught if the team can't produce a product that captures a lot more users.
hero member
Activity: 1248
Merit: 583
The civil suit has now become a whole lot stronger. Adam could be in for some compensation now just like the multitude of customers that Garza screwed over. Unfortunately that could include characters like you and suchmoon Sad
Fuck you, korvas128, you lying piece of XPY/ION shill shit. I wouldn't have touched XPY or ION with a ten foot pole. Therefore I never was a bagholder victim like you. I never fell for any of Garza's or Huey's scams, so I never had to file a lawsuit against your friends. 


Yep that's me an ION bagholder victim  Cry

Victim being defined as someone who if they decided to cash in and walk away today would be looking at an ROI of around 700%..... I'm such a victim Sad

You must be so proud of the people you've saved over this past year that listened to your words of wisdom  Roll Eyes
legendary
Activity: 1596
Merit: 1021
pricing crypto success in $$$ is misleading. a cryptos value can not increase but because of the pinning to btc price you can say its rising when its not the case. crypto altcoins should judge based on satoshi value increase not usd $$$.

unless of course you are cashing to usd $$$ without converting your ion to btc first that is.
hero member
Activity: 1248
Merit: 583
Oh yeah right if I remember rightly you bought hashlets for market research purposes only  Grin

So if the civil case is a success you stand to gain nothing. If this is the case then you deserve a medal as you selfless acts helped justice be done.

I stand to enjoy a decent amount of schadenfreude. Garza having to pay up AND possibly go to jail would be awesome. And I gained a shitton already by not buying that crap... check Bitcoin exchange rate in 2014. Thank you for the medal.

Anyway lets have a refresher, your pricing competition

 
This table really hits home how much you and your troll buddies don't have a clue about anything beyond pump and dump economics.

Huh Huh

Where's MY clue in that? BTW the competition was open to anyone, EXCEPT myself, that would be ridiculous. Are you by any chance butthurt that you were too butthurt to participate?

Today ION passed the 50 cent mark

Any predictions on when Ion will hit $1  Grin

This one's easy - when whoever is doing this decides to.

When do you think gravity (pun intended) is going to catch up to it?

This one's easy - when whoever is doing this decides to.

When do you think gravity (pun intended) is going to catch up to it?
[/quote]

Hehe I knew your were going to say that  Grin That's why I held back posting this



Make of this what you will..... someone who understands charts will see it for what it is.

Concerning Gravity it's doing just fine  Grin
legendary
Activity: 938
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
The civil suit has now become a whole lot stronger. Adam could be in for some compensation now just like the multitude of customers that Garza screwed over. Unfortunately that could include characters like you and suchmoon Sad
Fuck you, korvas128, you lying piece of XPY/ION shill shit. I wouldn't have touched XPY or ION with a ten foot pole. Therefore I never was a bagholder victim like you. I never fell for any of Garza's or Huey's scams, so I never had to file a lawsuit against your friends. 
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Oh yeah right if I remember rightly you bought hashlets for market research purposes only  Grin

So if the civil case is a success you stand to gain nothing. If this is the case then you deserve a medal as you selfless acts helped justice be done.

I stand to enjoy a decent amount of schadenfreude. Garza having to pay up AND possibly go to jail would be awesome. And I gained a shitton already by not buying that crap... check Bitcoin exchange rate in 2014. Thank you for the medal.

Anyway lets have a refresher, your pricing competition

 
This table really hits home how much you and your troll buddies don't have a clue about anything beyond pump and dump economics.

Huh Huh

Where's MY clue in that? BTW the competition was open to anyone, EXCEPT myself, that would be ridiculous. Are you by any chance butthurt that you were too butthurt to participate?

Today ION passed the 50 cent mark

Any predictions on when Ion will hit $1  Grin

This one's easy - when whoever is doing this decides to.

When do you think gravity (pun intended) is going to catch up to it?
hero member
Activity: 1248
Merit: 583
I completely see what Franz says about Matlack defending GAW, but I'm still inclined to think that at the point the archived post was written, he still believed that Josh was largely innocent. I've said before that I don't think Matlack was an active part of the GAW fraud (by this I mean I don't think he was in cahoots with Garza et al) -- I think he was just another naive investor sucked in by Garza's lies.

I also don't believe he and Garza knew each other from church; I've asked many times when people have posted implying that Garza and Matlack have links that go back to their childhood and I've yet to see any convincing evidence that this was the case, or indeed any evidence at all. I suspect that angle was something that's been perpetuated by people (most likely accidentally) on here and other forums simply guessing and has become a kind of folklore, much like the oft repeated idea that Stuart Fraser was Garza's father in law.

The fact that they've set up the two UK limited companies (not LLCs; there is a distinction there) is interesting, but I'd assume they did it because it offers less liability should things go tits up (I'm certainly not an expert here so if anyone else wants to chip in I'd be interested to hear any other perspective) and may have been favourable in some way for app store registration. Also remember that Matlack is the owner of 3RE, LLC, which appears to be the parent company that is running the ionomy project. I may be wrong here (and you're welcome to correct me if I am -- please!), but I would have imagined that limiting ones liability in a way similar to this is probably fairly common.

Interesting discussion anyway, thanks.

There is also the IBC in Seychelles.

There is nothing wrong with LLCs or Ltds, anybody doing any kind of non-negligible business should care about separating their business liability from their personal one, and it's cheap an easy to do in most jurisdictions. Obviously there is more to it than that, you actually have to keep assets separate etc but that's another story.

However this shitshow of multiple companies claiming ownership of their products and pretending to do business offshore - while that's clearly not the case - doesn't seem to be based on good business practices. Amateurish and could possibly land them in hot water should they ever grow beyond their base of ~50 bagholders. I doubt they've talked to a lawyer about this as I can't imagine that someone with any clue on the subject could have advised them that it's ok to pretend being registered in Seychelles while running a financial business via UK/US companies.

I'd guess that the UK Ltd had an Apple developer account so they saved $100 by using that and not signing up under their real business name, whatever that is. Initially Google Play had a different business name then it was was changed to match. Still different from the one on ionomy.com. Still no text of the TOS you're agreeing to inside the app.

The civil suit has now become a whole lot stronger. Adam could be in for some compensation now just like the multitude of customers that Garza screwed over. Unfortunately that could include characters like you and suchmoon Sad

Still peddling your absurd conjecture that I lost money on hashlets?  Grin

Honey, I had serious doubts about Garza's "cloud mining" bullshit before he even concocted the hashlet scheme. Why would I "invest" in something like that?

August 2014, look it up, it's right here on Bitcointalk. No photoshop skills required.

Oh yeah right if I remember rightly you bought hashlets for market research purposes only  Grin

So if the civil case is a success you stand to gain nothing. If this is the case then you deserve a medal as you selfless acts helped justice be done.

Anyway lets have a refresher, your pricing competition

 
This table really hits home how much you and your troll buddies don't have a clue about anything beyond pump and dump economics.

Today ION passed the 50 cent mark





Any predictions on when Ion will hit $1  Grin
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I completely see what Franz says about Matlack defending GAW, but I'm still inclined to think that at the point the archived post was written, he still believed that Josh was largely innocent. I've said before that I don't think Matlack was an active part of the GAW fraud (by this I mean I don't think he was in cahoots with Garza et al) -- I think he was just another naive investor sucked in by Garza's lies.

I also don't believe he and Garza knew each other from church; I've asked many times when people have posted implying that Garza and Matlack have links that go back to their childhood and I've yet to see any convincing evidence that this was the case, or indeed any evidence at all. I suspect that angle was something that's been perpetuated by people (most likely accidentally) on here and other forums simply guessing and has become a kind of folklore, much like the oft repeated idea that Stuart Fraser was Garza's father in law.

The fact that they've set up the two UK limited companies (not LLCs; there is a distinction there) is interesting, but I'd assume they did it because it offers less liability should things go tits up (I'm certainly not an expert here so if anyone else wants to chip in I'd be interested to hear any other perspective) and may have been favourable in some way for app store registration. Also remember that Matlack is the owner of 3RE, LLC, which appears to be the parent company that is running the ionomy project. I may be wrong here (and you're welcome to correct me if I am -- please!), but I would have imagined that limiting ones liability in a way similar to this is probably fairly common.

Interesting discussion anyway, thanks.

There is also the IBC in Seychelles.

There is nothing wrong with LLCs or Ltds, anybody doing any kind of non-negligible business should care about separating their business liability from their personal one, and it's cheap an easy to do in most jurisdictions. Obviously there is more to it than that, you actually have to keep assets separate etc but that's another story.

However this shitshow of multiple companies claiming ownership of their products and pretending to do business offshore - while that's clearly not the case - doesn't seem to be based on good business practices. Amateurish and could possibly land them in hot water should they ever grow beyond their base of ~50 bagholders. I doubt they've talked to a lawyer about this as I can't imagine that someone with any clue on the subject could have advised them that it's ok to pretend being registered in Seychelles while running a financial business via UK/US companies.

I'd guess that the UK Ltd had an Apple developer account so they saved $100 by using that and not signing up under their real business name, whatever that is. Initially Google Play had a different business name then it was was changed to match. Still different from the one on ionomy.com. Still no text of the TOS you're agreeing to inside the app.

The civil suit has now become a whole lot stronger. Adam could be in for some compensation now just like the multitude of customers that Garza screwed over. Unfortunately that could include characters like you and suchmoon Sad

Still peddling your absurd conjecture that I lost money on hashlets?  Grin

Honey, I had serious doubts about Garza's "cloud mining" bullshit before he even concocted the hashlet scheme. Why would I "invest" in something like that?

August 2014, look it up, it's right here on Bitcointalk. No photoshop skills required.
hero member
Activity: 1248
Merit: 583
Hey ION and XPY friends! When we warned you about the GAW scam, the Paycoin lies and the non-existing Hashlets, you called us "trolls" and "fudsters". Now your former leader Homero Josh Garza a.k.a. GAWCEO just pleaded guilty.
https://www.linkedin.com/pulse/crypto-criminal-josh-garza-pleads-guilty-jane-kreisman

The thief of $20M through GAW Miners, Hashlets and Paycoin, has finally admitted his guilt and accepted a plea deal with the US Department of Justice, the FBI and the SEC. What do you think about that?

Here is a little reminder that your new leader, ION creator Adam Huey Matlack, was Josh Garza's best buddy in church and still defended the fraud even when everyone knew what was going on:
http://archive.is/pEsCb
 


It's brilliant news, justice is finally being done. The only thing up for debate now is how LONG the jail sentence.

The civil suit has now become a whole lot stronger. Adam could be in for some compensation now just like the multitude of customers that Garza screwed over. Unfortunately that could include characters like you and suchmoon Sad
full member
Activity: 214
Merit: 113
Hey ION and XPY friends! When we warned you about the GAW scam, the Paycoin lies and the non-existing Hashlets, you called us "trolls" and "fudsters". Now your former leader Homero Josh Garza a.k.a. GAWCEO just pleaded guilty.
https://www.linkedin.com/pulse/crypto-criminal-josh-garza-pleads-guilty-jane-kreisman
The thief of $20M through GAW Miners, Hashlets and Paycoin, has finally admitted his guilt and accepted a plea deal with the US Department of Justice, the FBI and the SEC. What do you think about that?
Here is a little reminder that your new leader, ION creator Adam Huey Matlack, was Josh Garza's best buddy in church and still defended the fraud even when everyone knew what was going on:
http://archive.is/pEsCb

For those out there without a linkd acc. Here is a good summary of the Garza situation.
https://motherboard.vice.com/en_us/article/josh-garza-bitcoin-ponzi-scheme-10-million-sec

Franz, you brought up an interesting observation about Matlack and Garza. I feel I should should share my own.
What do you think about Matlack being labeled the CHIEF STRATEGIST for Ionomy? Yet you won't find him listed on the Ionomy LLC's.

I completely see what Franz says about Matlack defending GAW, but I'm still inclined to think that at the point the archived post was written, he still believed that Josh was largely innocent. I've said before that I don't think Matlack was an active part of the GAW fraud (by this I mean I don't think he was in cahoots with Garza et al) -- I think he was just another naive investor sucked in by Garza's lies.

I also don't believe he and Garza knew each other from church; I've asked many times when people have posted implying that Garza and Matlack have links that go back to their childhood and I've yet to see any convincing evidence that this was the case, or indeed any evidence at all. I suspect that angle was something that's been perpetuated by people (most likely accidentally) on here and other forums simply guessing and has become a kind of folklore, much like the oft repeated idea that Stuart Fraser was Garza's father in law.

The fact that they've set up the two UK limited companies (not LLCs; there is a distinction there) is interesting, but I'd assume they did it because it offers less liability should things go tits up (I'm certainly not an expert here so if anyone else wants to chip in I'd be interested to hear any other perspective) and may have been favourable in some way for app store registration. Also remember that Matlack is the owner of 3RE, LLC, which appears to be the parent company that is running the ionomy project. I may be wrong here (and you're welcome to correct me if I am -- please!), but I would have imagined that limiting ones liability in a way similar to this is probably fairly common.

Interesting discussion anyway, thanks.
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