Do you think you were scammed by GAW? Tell Ars Technica - page 4.

Josef_Stylin

member

Activity: 60

Merit: 10

Quote from: bitgeek on January 14, 2015, 11:54:39 PM

Quote from: Josef_Stylin on January 14, 2015, 06:37:35 PM

has anyone showed up yet with an intangible investment story that's positive?

I bought hashlets, mined for a month and sold on the marketplace. Withdrew almost 130% of my original investment. Before the btc dump in September there was no better paying mining site.
A lot of bitcointalk users did the same, you should dig out some GAW ROI tracking threads Wink

You're assuming that I am not a hashlet owner myself.

Again, another person that had some outside circumstance affect their profit. You "withdrew almost 130%" AFTER YOU SOLD the hashlet. What did the hashlet itself return to you? I don't care who you suckered into buying it afterwards. That has nothing to do with your profit from the product itself as designed.

And no, there were plenty of mining sites paying much much better. You know, the ones that are free to mine at... that you didn't pay upfront money to use. Also, their btc/mh/day rates were highly exaggerated as they were presented pre-maintenance fee deductions.

Anyone else?

bitgeek

sr. member

Activity: 462

Merit: 251

Quote from: Josef_Stylin on January 14, 2015, 06:37:35 PM

has anyone showed up yet with an intangible investment story that's positive?

I bought hashlets, mined for a month and sold on the marketplace. Withdrew almost 130% of my original investment. Before the btc dump in September there was no better paying mining site.
A lot of bitcointalk users did the same, you should dig out some GAW ROI tracking threads Wink

Josef_Stylin

member

Activity: 60

Merit: 10

has anyone showed up yet with an intangible investment story that's positive?

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: coinGeek on January 14, 2015, 12:19:23 PM

The question you should ask is: What is GAW's principle source of income?

Hashlets, paycoins, stakers, and all the outer recent products are nothing more than pictures on a web page and entries in a database or blockchain. GAW makes a large income promoting and selling intangible objects as investments. There is no evidence of any other income large enough to pay the dividends on all these investments.

So, for every winner crowing about unbelievable returns there must be losers still hoping for returns that will never come.

That's a scam.

+1

Shaco

newbie

Activity: 52

Merit: 0

I been hearing numerous complaints only due to fees and how much you only get w. GAW.

Creampuff

newbie

Activity: 42

Merit: 0

Quote from: AnonymousCryptoGuy on January 14, 2015, 12:31:27 PM

You gawtards are hilarious!! So fucking naive, no matter what is reported you'll always agree with that piece of trailer trash behind it.

FYI - Josh sent all his gawsheep over here to try to coerce you. There's a lot of good info here as well OP: http://coinbrief.net/paycoin-succeeding-dangerous/

I'm an investor in GAW and I found that article to be pretty good reading, I certainly wouldn't class my self as naive and I dont believe the word gawtard should be applied to anyone, a little too childish in my opinion.

I've done my homework on Josh personally and his past professional life.
I've also tried to keep up to date with all the goings on on this forum and I can understand that there are people in the Crypto industry/communities that take offence to the way GAW has done things and indeed some that would threaten to harm Josh and his Family.
We are all very different people and we all have a different take on things...
Some are content for the time being.
Some are FAAAR TO HAPPY for their own good
Some are not to happy
Some just want the whole world to burn.
I've made my money back I'm not over the moon with some of the decisions that have been made but i'm content.

If you have nothing of worth to add there is no reason just to add bollocks to an already large pile of bollocks

Andy

Paul Revere

sr. member

Activity: 406

Merit: 260

The Scamcoats are coming!

Quote from: Creampuff on January 14, 2015, 01:08:36 PM

Quote from: geegaw on January 13, 2015, 10:33:04 PM

Quote from: corather on January 13, 2015, 10:26:59 PM

I've been with GAW for over 6 months and have had a great experience overall. Their hardware, of which I still have some hashing away was constructed with quality and attention to detail. Very few manufacturers of any mining equipment actually delivered on time, at all, or in working condition but GAW has on every occasion delivered on time, in working order, and over manufactured with a higher tolerance.

They've never manufactured a piece of hardware in their lives.

Neither do apple mate, its all made in China... you didnt know this? their gonna take over the world ya no!

Invalid logic is Invalid. Apple contracts to have THEIR designs manufactured by others. GAW purchased things designed and produced by other companies and put their sticker on it. Not the same thing ya effing fool.

coinGeek

full member

Activity: 221

Merit: 100

Most likely, the majority of the victims of this scam don't read bitcointalk or Ars Technica.

Creampuff

newbie

Activity: 42

Merit: 0

Quote from: geegaw on January 13, 2015, 10:33:04 PM

Quote from: corather on January 13, 2015, 10:26:59 PM

I've been with GAW for over 6 months and have had a great experience overall. Their hardware, of which I still have some hashing away was constructed with quality and attention to detail. Very few manufacturers of any mining equipment actually delivered on time, at all, or in working condition but GAW has on every occasion delivered on time, in working order, and over manufactured with a higher tolerance.

They've never manufactured a piece of hardware in their lives.

Neither do apple mate, its all made in China... you didnt know this? their gonna take over the world ya no!

KC6TTR

sr. member

Activity: 434

Merit: 259

Quote from: coinGeek on January 14, 2015, 12:19:23 PM

The question you should ask is: What is GAW's principle source of income?

Hashlets, paycoins, stakers, and all the outer recent products are nothing more than pictures on a web page and entries in a database or blockchain. GAW makes a large income promoting and selling intangible objects as investments. There is no evidence of any other income large enough to pay the dividends on all these investments.

So, for every winner crowing about unbelievable returns there must be losers still hoping for returns that will never come.

That's a scam.

Exactly.

Scott-

AnonymousCryptoGuy

newbie

Activity: 28

Merit: 0

You gawtards are hilarious!! So fucking naive, no matter what is reported you'll always agree with that piece of trailer trash behind it.

FYI - Josh sent all his gawsheep over here to try to coerce you. There's a lot of good info here as well OP: http://coinbrief.net/paycoin-succeeding-dangerous/

coinGeek

full member

Activity: 221

Merit: 100

The question you should ask is: What is GAW's principle source of income?

Hashlets, paycoins, stakers, and all the outer recent products are nothing more than pictures on a web page and entries in a database or blockchain. GAW makes a large income promoting and selling intangible objects as investments. There is no evidence of any other income large enough to pay the dividends on all these investments.

So, for every winner crowing about unbelievable returns there must be losers still hoping for returns that will never come.

That's a scam.

keshuker

sr. member

Activity: 395

Merit: 250

aka. dibdab

Quote from: fonix232 on January 14, 2015, 11:45:02 AM

How did you get that number again? Daily 1% means, in total, 365% a year (if you do not count the rising base). If you do count the increasing base value (which would not be used in my understanding, as each coin, to be staked, must sit without any movement for 30 days first) would indeed be at 3700%. But then again, most of the coin wouldn't even be the base of calculation because of the 30 day sitting rule.

Im pretty sure they changed the "sitting rule" to some hours, but I'm sure you can find it if needed

keshuker

sr. member

Activity: 395

Merit: 250

aka. dibdab

Quote from: Videlicet on January 14, 2015, 11:34:42 AM

Quote from: keshuker on January 14, 2015, 11:16:46 AM

Quote from: Videlicet on January 14, 2015, 10:59:45 AM

Apparently nobody reads the source code.

It never lies.
There is no innovation in it - and claimed innovation by GAW.

I don't see how reality could be any clearer [3.5 X Inflation Yearly]
https://github.com/GAWMiners/paycoin/blob/master/src/main.cpp#L972

Good to know I'm not the only one that sees it:
http://www.reddit.com/r/peercoin/comments/2r5ks7/yet_another_sad_cryptostory_paycoin/

This code base is identical to PPC with private POS at 350%,
Viz.

The special wallets get as high as 1% compounded daily, totalling over 3000% per annum

Your mathematics is incorrect, 1% daily x 365 days is 365% per annum.
The actual numbers from source code is 350%, 100%, 20%, 10%, and public 5%.

Wealth distribution is 99% of XPY in 100 addresses.
Viz.

Nope, if you get 1% a day, it will be a LOT more than 365%/annum

https://bitcointalksearch.org/topic/m.10033269

Actually 3290% interest

fonix232

newbie

Activity: 8

Merit: 0

Quote from: clownius on January 14, 2015, 09:04:32 AM

Check the blockchain for both

Their special "testing" wallet they for some reason are running on the live blockchain is staking for just under 1% per day compounding! Do the maths its about 3000% when you work it out.
Check the richlist its the one not listed as a Prime Controller

That just-under-1% seems to be the HashStakers - it is incredibly close to their ROI.

Quote from: keshuker on January 14, 2015, 11:16:46 AM

Quote from: Videlicet on January 14, 2015, 10:59:45 AM

Apparently nobody reads the source code.

It never lies.
There is no innovation in it - and claimed innovation by GAW.

I don't see how reality could be any clearer [3.5 X Inflation Yearly]
https://github.com/GAWMiners/paycoin/blob/master/src/main.cpp#L972

Good to know I'm not the only one that sees it:
http://www.reddit.com/r/peercoin/comments/2r5ks7/yet_another_sad_cryptostory_paycoin/

This code base is identical to PPC with private POS at 350%,
Viz.

The special wallets get as high as 1% compounded daily, totalling over 3000% per annum

How did you get that number again? Daily 1% means, in total, 365% a year (if you do not count the rising base). If you do count the increasing base value (which would not be used in my understanding, as each coin, to be staked, must sit without any movement for 30 days first) would indeed be at 3700%. But then again, most of the coin wouldn't even be the base of calculation because of the 30 day sitting rule.

Videlicet

legendary

Activity: 868

Merit: 1058

Creator of Nexus http://nexus.io

Quote from: keshuker on January 14, 2015, 11:16:46 AM

Quote from: Videlicet on January 14, 2015, 10:59:45 AM

Apparently nobody reads the source code.

It never lies.
There is no innovation in it - and claimed innovation by GAW.

I don't see how reality could be any clearer [3.5 X Inflation Yearly]
https://github.com/GAWMiners/paycoin/blob/master/src/main.cpp#L972

Good to know I'm not the only one that sees it:
http://www.reddit.com/r/peercoin/comments/2r5ks7/yet_another_sad_cryptostory_paycoin/

This code base is identical to PPC with private POS at 350%,
Viz.

The special wallets get as high as 1% compounded daily, totalling over 3000% per annum

Your mathematics is incorrect, 1% daily x 365 days is 365% per annum.
The actual numbers from source code is 350%, 100%, 20%, 10%, and public 5%.

Wealth distribution is 99% of XPY in 100 addresses.
Viz.

keshuker

sr. member

Activity: 395

Merit: 250

aka. dibdab

Quote from: Videlicet on January 14, 2015, 10:59:45 AM

Apparently nobody reads the source code.

It never lies.
There is no innovation in it - and claimed innovation by GAW.

I don't see how reality could be any clearer [3.5 X Inflation Yearly]
https://github.com/GAWMiners/paycoin/blob/master/src/main.cpp#L972

Good to know I'm not the only one that sees it:
http://www.reddit.com/r/peercoin/comments/2r5ks7/yet_another_sad_cryptostory_paycoin/

This code base is identical to PPC with private POS at 350%,
Viz.

The special wallets get as high as 1% compounded daily, totalling over 3000% per annum

Videlicet

legendary

Activity: 868

Merit: 1058

Creator of Nexus http://nexus.io

Apparently nobody reads the source code.

It never lies.
There is no innovation in it - and claimed innovation by GAW.

I don't see how reality could be any clearer [3.5 X Inflation Yearly]
https://github.com/GAWMiners/paycoin/blob/master/src/main.cpp#L972

Good to know I'm not the only one that sees it:
http://www.reddit.com/r/peercoin/comments/2r5ks7/yet_another_sad_cryptostory_paycoin/

This code base is identical to PPC with private POS at 350%,
Viz.

keshuker

sr. member

Activity: 395

Merit: 250

aka. dibdab

Quote from: markBG on January 14, 2015, 08:56:03 AM

Quote from: keshuker on January 14, 2015, 03:24:17 AM

I believe it was proved that when buying XPY on paybase with CC, the paycoins are actually coming from the premine. Of course they try to confuse the believers into thinking this is normal and they will "refill" those back from exchanges.

Also the 3000% interest in the special wallets only GAW has keys to, will of course kill this coin of the month sooner rather than later due to inflation.

do you have any proof that there is 3000% interest rate and what do you mean is $special wallets?
and how is proved that they selling a premine

Selling from premine:https://bitcointalksearch.org/topic/m.10094537
All "prime controllers" are special wallets with special interest rate and also this very special one: https://chainz.cryptoid.info/xpy/address.dws?119166.htm

clownius

sr. member

Activity: 448

Merit: 254

Quote from: markBG on January 14, 2015, 08:56:03 AM

Quote from: keshuker on January 14, 2015, 03:24:17 AM

I believe it was proved that when buying XPY on paybase with CC, the paycoins are actually coming from the premine. Of course they try to confuse the believers into thinking this is normal and they will "refill" those back from exchanges.

Also the 3000% interest in the special wallets only GAW has keys to, will of course kill this coin of the month sooner rather than later due to inflation.

do you have any proof that there is 3000% interest rate and what do you mean is $special wallets?
and how is proved that they selling a premine

Check the blockchain for both

Their special "testing" wallet they for some reason are running on the live blockchain is staking for just under 1% per day compounding! Do the maths its about 3000% when you work it out.
Check the richlist its the one not listed as a Prime Controller

Multiple sales have been traced on the blockchain. They can be traced back to the 12m XPY second block that GAW premined. None yet has shown to be from any XPY sold on an exchange. So yes the XPY brought from paybase is coming from the premine block. Either they are dumping premine on customers or they are selling the escrowed funds of investors. Take your pick either is downright bad.

Topic: Do you think you were scammed by GAW? Tell Ars Technica - page 4. (Read 14564 times)