I only mention the asshole part with regards to Adam because I am not 100% sure that he got robbed. Would someone who got robbed investing in cloud mining be a business partner with the guy who ran the "data center" where the hashlets were supposedly running? That doesn't make sense to me, so i can't be 100% sure that Matlack got robbed by a guy who gave video lectures through the same church he went to and then went into business with the guy in the best position to know that hashlets didn't exist. But don't worry about that, because it is irrelevant if he was stupid or in on the scam, I wouldn't touch a coin run by him in either situation.
This theory is interesting if they would have planned everything together, because if, then they might be stupid? To be exact, there is an proof of an participation in this scam, but it is more by giving this money as the more people invest, the more others become confident that it is good investment and invest, typical snowball effect, very typical for every HYPE that was successfull. But this would mean that every small investor, even if it was $ 1, participated in scam. People who made promotion for this scam are also part of it, .... . As you see, we would fine very many people who should be punished but there is an point where you have to drive an line where being an victim starts and wher is the border to participate by scam by just encouraging by funds. That was not problem of Adam alone, there have been many, including MrCoins and some other. On the other side, people who made promotion here, removed their promotion immediatelly stating that they were just payed without any clue what it is. Isn't this normal on bitcointalk? Should judge look for these people too? I am only trying to separate in my head Adam being an victim of ganzasFlashBoobs scam and then making an own business with same crooks like joe, where allens role maybe should not be unmentioned too. Now IoN has to me connection to xpy because their platform engine is the same like it was on xpy where xpy's looked almost 1 to 1 like paybase. I see there Joe's involvement, but I do not see proof of this for IoN. If Adam worked with him prviously, then it might be already bought code and in this case it is very legit questions to publish this source code part, as if it is from paybase, then it was financed by GAW scam.
@IoN teamI repeat my question, it is already 16. May, I want to know how far is Joe's involvement and if there is no involvement, what kind of his code did you keep/use, it is very important as he is an dev, an untrusted dev and to be marked like that forever.
I remember BoloYoung was the only one of the top accounts who said he wants 5x hashlets for his prime conversion, whoes account was it?
As for the stupidity, not everyone that gets robbed is stupid. But, people that got robbed by garza, especially to the tune that Adam claims to be, ARE stupid. At least when it comes to cryptocurrency. I don't care if the pitcher for my favorite team knows anything about cryptocurrency, I don't care if the manager of a restaurant I want to invest in knows anything about cryptocurrency, I don't care if the writer of a TV show I'm going to invest in knows anything about cryptocurrency, I do care if the "developer" of a coin I'm going to invest in is knowledgeable about cryptocurrency. And I don't know how someone who lost 6 figures to GAW can claim to be that.
To make it more correct, it was not all his money which makes the whole situation worse. I think everybody of is stupid, depends only who you compare us too.
GAW was not a run of the mill scam. It was blatantly obvious to plenty of people because there was no way for the claims that Garza was making to make sense. I would call you naive if you believed that Pirate had a bunch of people who never heard of this website that needed to buy boatloads of coins off of the exchanges and fell or that one, but believing Garza's claims shows that you know nothing about cyrpto or finance. There were 2 parts to the GAW scam, and neither made sense. Hashlets that mined altcoins but were not a part of any known mining pool and no evidence of them running their own. When asked for proof that they were mining coins, they refused to provide it, and then the ultimately provided this address
https://blockchain.info/address/1P62VZZ9kL97dzzcWhG7JZDssaW2MDgn82 and the 28k coins (at the time) in the "total received" line (and no block rewards) as proof that they were mining. Then these magical hashlets, that were the most advanced miners in the universe, started "mining" "hashpoints" instead of coins that actually had value, and we were onto the second part of the scam, that Garza (or walmart, or amazon, or target, or whoever) would accept coins at a value of $20 even though they could buy as many as they wanted for between 2 and 4 dollars at the time (or that Garza, who gave himself 12 million at the premine and could create as many as he needed via prime controllers, would buy them or $20 each).
Seriously, look who mostly was their investor, most of them never had anything to do with crypto neither do now. Somebody just told them this thing will be like bitcoin and they wanted to get rich fast, this happens every day in real life, in many cases with a lot more consequences than just loosing your investment. Just look at this and the only thing that you can say is WTF!
(click on image to get youtube video)
I am not sure if this discussion maybe fits more to suchmoons
gaw thread.
