Topic: Do you think you were scammed by GAW? Tell Ars Technica - page 9. (Read 14521 times)

Well, Thank you! I like facts and to know more of whats going on so I can decide for myself. I'm not a big investor and yes I believe I bought in around May and not March. I bought gridseeds from a different company before Gaw. We are all crypto addicts and all want to profit from our hobbies so let's get all the facts out there! Thanks again!

You've been a customer for "almost a year" even though GAW fury's went up for sale last May? Seems like a bit of an exaggeration. (like the $100 million floor)

Here are some FACTS for you:

Hashlets were advertised as:

- Always Profitable
- Reducing maintenance fees
- Never obsolete

In reality you got

- Profit for 2 months (and an extra month if you switched to hashpoints)
- Never reduced maintenance fees
- World first miner to become obsolete.

Anyone who didn't trade their "digital miners" for "cloud stakers" is currently enjoying a total earnings of 1 satoshis per day. Maybe in 30 years they will have enough satoshis to pay for the transaction fee.

Hashstakers were all sold based on the lie that there would be a $20 floor. At $5/paycoin, hashstakers are looking at more than a 50% loss. GAW blames the CFTC and says a $20 floor would be manipulation but apparently it's completely fine if they have a $20 floor buyback program that stretches the payments over months/years. (for a limited time only)

Keep in mind, there's nothing wrong with a high risk investment being unprofitable, unless you're like GAW and promising profit.

As for Vaultbreakers, Looks like everything went according to plan:

Alright Enough People. This Spreading of FUD is making thing bad for Bitcoin and for Paycoin as well as all Crypto. If you have not noticed since the flame war started here on Bitcointalk BTC has Plummeted in value and has caused everyone to look bad LTC suffered the worst fate so far and Thing just keep getting worse. Be Civil people. This is tiring and I baleave it is in the best interest of everyone to call a truce as none of this is helping anyone and cause both coins to lose value.      

Excellent. I have had the facts and evidence for months, all of which has already been forwarded to the appropriate agencies, so regardless of the empty legal threats against me and others by Garza's single Los Angeles attorney, I welcome the legal scrutiny and look forward to the wave of depositions on BOTH sides. Maybe then, we will get some honest answers out of Garza directly and not his alter-ego shills protecting him.

Scott-

I was sceptical of the Paycoin honors program and my posts were deleted from Hashtalk.org:
http://www.cryptozoid.me/gaw.html

as soon as i saw this i knew you were leaning one way already. Passively dismissing/disrespecting the person you want to hear about, setting an under tone. A professional, would have said Mr. or Josh, not just a sophomoric...Garza like hes some clown your trying to get.

     Now the answer,  NO. I have not felt scammed. More disappointed in some of the bad actors that dumped coin on an early release of paybase, which initially was really to be kind and let HashPoint mining folks get a little reward for dedicating so much time. After weeks and weeks of mining the public got to come in and completely nullify all our work...Which added to more dumps because they had nothing invested but a quick buck for a week or so, and then leave. Further shitting on the dedication and support we all put in.
     The site wasnt ready. Coding issues etc. Since we all know how new this is and GAW blazing trails, typically the trail blazers are gonna be the ones finding sleeping bears, if ya know what i mean. So some jurisdiction issues (that nobody can agree on in the "legal" dept of the world), popped up. Within a month of shtf, GAW and Josh Garza came up with a plan to appreciate the support from the dedicated investors. Some whom felt they were done dirty or felt scammed. I dont have the numbers of actual HashPoint mining investors or the quick buck public miners as far as whose been making the most complaints. Which could be something to look at.
     Somehow i feel though, all the detractors and fire alarmists will claim due to the diligence of their own and backbones of steel, somehow they are responsible for holding Josh accountable and we should thank them for making sure everyone got there 20$ exit.

Ive made back my money and substantially more with GAW. I feel for those that enter any market and lose. I know others have lost big time with other similar services and havent received an ounce of what GAW received. This is what innovators face. Also I havent seen one innovator in the world, and we can talk M$oft, Apple, Dell (hooking all of us up with cheap comps back in the day) Car manufactures, the list goes on...but i havent seen 1 of them be perfect every time. In products nor marketing. Believe me i want my damn 20$ exit too. Yes this issue is the 20 bucks, i know, but having the inability to wait a damn minute for things to cool off and have some dust settle is mind boggling, especially in an industry where we're waiting for shit coin after shit coin to develop its wallets and tech.

I actually thanked him for looking into the FACTS and not just blindly posting wild speculation of ponzi and pump and dump schemes as um.. some people seem to do with zero facts to back up their claims..

I find it interesting Garza's alter-ego ghost writer posts a message for the shills to come here with their new accounts to discredit the OP.

Do those of you who blindly follow your Fearless [not] Leader or his coverts ever take just a moment's pause to think about how you're being played like puppets?

At any rate, to the OP, yes, Garza and his GAW, Inc. derivatives are, in my opinion, a collection of failed ideas compiled together in order to facilitate an elaborate Ponzi type scheme. The proof is there if you follow the money and talk with the those who lost significant amounts of FIAT and/or crypto in order to feed the upper 2-3 tiers of the pyramid who are still hyping up the unsustainable engine of fallacies under the guise of a legitimate "movement". Multiple federal agencies are investigating the allegations many have made and multiple unbiased [and not owned by GAW] publications are reporting on a weekly bases the shortcomings of Garza et al.

Pull up a chair, have some popcorn, and enjoy the defunct XPY drama.

Scott-

How do you figure Ponzi scheme?? Gaw customers mined Points for Paycoins at 4.00 each? None of us have lost any money and most have already made ROI? I could sell everything now and make ROI but holding out for a larger ROI.. How is your bitcoin mining going?? 

Why not say what wild claims you are talking about Cyrus?
A bit more info would be nice

LOL!!!!!! MA! they're picking on me on the forums again!!

NO, GAW is NOT buying back all the Paycoins for $20 each ya effing moron. They are promising to buy a miniscule fraction of them per month starting a couple months from now. Taking an investment from many people with the promise of an extravagant return and then paying out said return fractionally over a period of time from the investors pool of money is exactly how a Ponzi is pulled, FYI. The whole Paycoin scam has gone from being an in your face yet denied Ponzi scam to an in your face and openly admitted to Ponzi scam.

I've been with gaw since you can buy the prime hashlets at 16. I've made some good money with them. The only thing that I don't like is the mystery hype about paybase. I could of done without "INCOMING" and just a hey guys we are using this service for that feature. In the end I'm still at a profit with paycoin being at 3 usd +

See a little contradiction here? GAW is not buying "all" (or any) Paycoin for $20. GAW is offering to take your Paycoin in exchange for a promise to pay an unspecified monthly amount for an unspecified length of time. Big difference. That's what you would get if you took your own advice and looked at facts.

Start by asking properly your question.
The real journalistic question is : What do you think about your Gaw investment? Are you satisfied or did you feel abused?

And the response is that GAW has always done what is the best for his customer. His main problem is that GAW is a big dreamer who want to think big. And it's not always easy to make all properly after that.

Is GAW is not buying back all the paycoin for 20$ after all?

Stop trying to make your opinion a reality and start to ask for facts !

well not everyone can have the same luxury as you having a mother upstairs taking care of your shit for free.

First Thanks for looking into the facts and not just reading the rumors and stories from people who are afraid of Paycoin and watching their Bitcoins slowly disappear!


I've been a customer for almost a year and started with GAW Fury's and then went to cloud miners and then to mining Hashpoints for Paycoins. It has always been profitable and support and service have always been great!

Please do yourself a favor and stop reading the lies and crap from people who have never been a customer and look into the FACTS!! Believe me, You don't want to be left behind at this point!!  

Give me a break. That is like I saying it didn’t take long for the BTC trolls to show up. It is pointless to call each other names. We have all had different experiences with GAW. I am not a mindless person so I do not care if he wants us to come here or not. That is not why I posted here. Same with the other thread. I do not call you guy’s trolls because the people in that thread believe what they are saying. Just like most people from HT. Yes both sides have some trolls. But both sides have people that are smart and think on their own. We just have differing opinions. I am not 100% happy with GAW. Far from it. However I am giving them time to fix some things and I try not to abandon ship because they aren’t doing it how I want. This thing might go to nothing. But it also could succeed. There are things I like and dislike about this coin. (Includes planned things) Right now the things I like outweigh the things I don’t like.

I'm not discouraging anything. I'm actually encouraging you. Come on, don't be shy, this is Bitcointalk, anything goes. It's all for the greater good of XPY, right?