Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1037. (Read 3377945 times)

I have no idea if the following post is legit or not:

https://hashtalk.org/topic/35750/if-paybase-was-shut-down-by-doj-there-would-be-a-doj-fbi-message-on-the-homepage/14


Then further down, some asks GAWCEO directly if he's being investigated by SEC... no response yet.

Since this document ( http://www.scribd.com/doc/260708659/Securities-and-Exchange-Commission-Subpoena-of-GAW-Miners ) explicitly states "investigation" into GAW Miners, LLC ... wonder how he'll spin it?  Some on there said that it's a GOOD thing he's being investigated because that means that he's big enough for them to care about what he's doing.  Now, that's such a cute way of looking at it... bet the SEC wishes EVERYONE felt that way when they're investigated.

I think Garza blocked me, as well.

I love the comparisons of coinstand and purse.io

They are completely different

coinstand is offering 20% discount - this comes directly out of the owners of constands pocket. Either they sell for a loss at market value, or gamble on the chance of a steady incline in price every few weeks, allowing them to temporarily hold coins and sell for  similar price they were exchanged for or a little bit more.

This is completely flawed in a few ways , for one, for it to be economically viable you need to assume that the value rises at a constant rate for practically ever , if not , the company cannot sustain itself. It just isn't going to happen


Purse.io doesn't give you any extra value, you gain the extra value from other people wishing to exchange bitcoin or buy amazon products. then purse acts as an escrow and takes a fee from that escrow.


Purse.io has zero costs for the items that are being sold on their website but make money on every single trade.transaction within their system . Coinstand has a constant 20% deficit.  losing 20% of value instantly on selling you any item.

As you can see one is economically viable , one is a train wreck waiting to happen.


What is even funnier is, If paycoin had simply copied purse.io , they would have a solid business , ability to buy anything on amazon AND the ability to buy paycoin with credit cards and other means. solving 3 problems with 1 website

Okay, this statement is just so sad:

Wow, I could provide links to each of your points where garza paralleled these tactics. Including one where he claimed that you could 'easily make six figures mining bitcoin'... my first thoughts were (a) is that with an investment of nearly seven figures, (b) is he counting the two digits after the decimal point, and (c) is this in a year or over the next century?

The more research I've done, the more sad I get for the bulk of his victims because his tactics are SO CLEAR in hind sight, yet I can see how he knew just how and when to play them. It's hard to figure out if he's a psychopath or just got lucky... because he really doesn't appear to be very intellectually bright and he's technologically nearly a complete idiot. The saddest part is, that if he gets busted out of the tech industry... he's probably going to end up a politician. So, right now, I'm REALLY hoping that he runs to Hong Kong instead.

Any reason to hold paycoin now? (archive) is quite an entertaining thread. Some reasons people give to still hold paycoin:

* Price can't drop any more now. Upside is much higher than downside now.
* Paycoin has features no other coin has, and other coins are scrambling to catch up but they're too far behind. [Features unspecified]
* Paycoin is faster than Bitcoin, and Bitcoin only gets slower as it gets older.
* Look at the big picture. Great things going on behind the scenes. Things that are right around the corner. 30 days max.

An interesting read about Tony Musso, a con artist I knew personally.  He totally reminds me of Josh.  I had totally forgotten about him, but I looked up the case to see if it was brought on by the SEC and sure enough!  Unfortunately his punishment was he could not own or run a business in the USA for 10 years.  Guess what he did?  He moved to Hong Kong!

https://www.sec.gov/litigation/complaints/comp17888.htm
Some highlights:

1. Defendants raised at least $10.5 million from over 770 investors nationwide who purchased stock in NSS and AWC sold through a group of unlicensed sales agents affiliated with Franchise Direct, Inc. ("Franchise Direct") a South Florida boiler room operation.

Doesn't this sound familiar?  High pressure tactics and constant advisement not to sell even though things are looking bad?

2.  Franchise Direct has never been registered with the Commission as a broker-dealer or in any other capacity.

Doubt GAW is registered either

3. He gave away 100 shares of free stock to entice investors.

GAW did this countless times

4. the sales agents had sham titles of vice-president of either NSS or AWC

Wow, this sounds familiar?

5. and made egregious misrepresentations and omissions, comparing investments in both companies to investments in successful Internet companies such as AOL, eBay and Amazon.com.

OH, the old Amazon trick!

6. "guaranteed" a 200% return on their investment in the event of an initial public offering ("IPO").

$20 a coin sounds pretty familiar?


I won't bore you, but I could go on and on.  

Long story short, it took about a year to make up a case against this guy and stop him.  It was another 2 or 3 years in 2004 when they made final judgement against him.  This may be a long road, but they will get him.

Sell , buy BTC (and some good PoS Coins with active/good developers) and hold.

That´s what i do.

Also look at PayCon (CON) - with little money you can buy into TOP10 rich list  (i´m close )

The agencies are not quick, but relentless.. it will take some time, but they won't forget Homero
And GAW/Homero can distance themselves as much as they want, that will only fool the hashtards a.k.a. "those who wear their underpants on their head" (R.I.P. Sir Terry), not somebody with at least a couple of functional brain cells.

They are doing something. It took them weeks (months?) to put together a case to take for approval to issue those documents. Then, GAW will have a period of time to reply and I'm sure their attorney will ask for an extension. So, if they had a month initially, that would have been till mid March... if they asked for an extension, that is likely till mid April... then the SEC has to go through all the material received in response to that request and other subpenas... and build their case. They'll also be doing interviews. It takes time to investigate and, unlike shooting someone in a park, fraud requires a lot more time to go through all of the documentation and available materials. BUT, thanks to crypto currency and the fact that they were too lazy to run their own email system... most of what they need is not under GAW control. The emails are all (mostly?) on google's servers, his phone has it's own trail, and both BTC and XPY block chains are public. Garza can try to distance himself all he wants, but that won't change what he's done in the past. They're not investigating what he might do in the future, they're investigating what he DID do in this last year.

This is the scary thing... I'm sure those initial invites were the cream of the crop from a GAW-worship perspective and now they're openly complaining on a forum that USED to delete all bad posts and ban users.

AND...What in the world?  Order screws up and they get an email for trouble ticket, then hear nothing for 5 days... who would ever do any business with a company like that if they weren't desperate to spend their XPY?  AND, that's with how many users?  Maybe 12?  Maybe 20?

And, they're going to invite 500 people a day for how long? That is going to be a total cluster. Bet CoinStand is going to suddenly be 'updating accounts' for a couple days (weeks?) in the near future :-)

Ok, so if they got them, how come there isn't any report about it, any conclusion. Cause if they scammed their clients, where is a solution for the problem, punishment? Do not get me wrong, I understand GAW scammed their clients but nothing s being done about it and as it seems now, they re distancing themselves from Paycoin.

Hmmm... would be funny if it wasn't that sad.
MrClowns and some fellow vile wastes of oxygen got their blinky toy from homero, Homero could dump some more 100k XPY into the hashtards bags - how could you say that coinstand did not work exactly as intended

I think they are beginning to realise they aren't getting anything from constand

https://hashtalk.org/topic/35748/important-coinstand-delta-beta

https://www.scribd.com/doc/260708659/Securities-and-Exchange-Commission-Subpoena-of-GAW-Miners

With a current 24 hr volume of 713 BTC and XPY contributing to about 23% of that... I don't see XPY going away, no matter what happens, as long as it's up at the top of the volume list.

XPY alone brought them about .4 BTC in fees over the past 24 hours...  not bad...

Suchmoon: has there been any official statement about XPY from Bittrex or Cryptsy?  At what point will they de-list them?  These two exchanges would have most of the answers if they were to divulge them.

This whole thing is still going strong.  I wonder how long it will last.  Or how long people will still paying into it?
Unfortunately there are so many people trying to keep their failed investment afloat - good money after bad...

Not understand it also. I guess the exchanges know damn well this is a fraud, they are not stupid and not blind.

But they make trading fees, that´s why they close both eyes and supporting the fraud until PayCoin is dead.