Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1242. (Read 3377857 times)

It looks a bit like this

Josh was in Europe to finalize purchase of coinswap ( where it is based) and today the site said officially it has been sold to GAW  They will now need to handle the turnover which is simpler if everyone has to remove their coins by March 22 or they will have an expensive audit/accounting nightmare and then probably set up the relaunch under a new banner.

The new exchange using coinswap tech/code ,which I fhave found very user freindly, will most likely be in Europe where it can open very quickly and cheaply ,compared to USA ,due to the regulatory environment being friendlier and the fact that no legislation has been passed YET  ( par for the course in euroland !)

I have no idea why this is being brought up, but, it is not true at all. I have always used jot in my vocabulary, along with pretty much everyone I know. I picked it up in the Midwest where I grew up, and I suspect jot is of Deutsch or maybe Hebrew/Yiddish origin.

That is partially true.  The vast majority of money laundering is related to the drug trade, then probably organized crime in general .. with a good dose too of tax evasion, and folks trying to get trapped cash out of foreign holdings in countries where it is expensive or impossible to remove cash outside the borders.

However, it is also true that among this mess of "ordinary" money laundering, many many terrorist organizations and state sponsors of terrorism who are under sanctions ALSO need money laundering services badly.   The push-pull in US government circles is trying to support a new technology that is revolutionary versus having it also be able to support lots of bad things.  Much like RSA encryption in the early days (when it was illegal to even use high bit encryption several years back).  It is naive to think that someone coming to you with millions of dollars to buy XPY sight unseen, without any pretext of diligence, might not also have some darker purpose.

There was a posting from Homero where he used the word "jot". Jot down I think it said.

There is no way on earth that is our country bumpkin from Vermont saying that. In fact no one from the US would say that. That is an incredibly specific word from a specific era.

The following is not my research but I believe its certainly worth following... where does the rabbit hole end?

12 million XPY premine
https://chainz.cryptoid.info/xpy/address.dws?PV4REZh7Uw8YsVpzHDPQdwENn2iToSw9GH.htm
https://chainz.cryptoid.info/xpy/tx.dws?167.htm
https://chainz.cryptoid.info/xpy/address.dws?PBa6BpMCNtKS3nmdqEzgQkCadP8X6nB8FQ.htm
https://chainz.cryptoid.info/xpy/tx.dws?186.htm
https://chainz.cryptoid.info/xpy/tx.dws?190.htm
https://chainz.cryptoid.info/xpy/tx.dws?194.htm
https://chainz.cryptoid.info/xpy/tx.dws?195.htm
https://chainz.cryptoid.info/xpy/tx.dws?201.htm
https://chainz.cryptoid.info/xpy/tx.dws?217.htm
https://chainz.cryptoid.info/xpy/tx.dws?229.htm
https://chainz.cryptoid.info/xpy/tx.dws?236.htm
All 12 million goes into PC4FduchmWbHNYgkHeaB1foMDyhgpJszh6

PC4FduchmWbHNYgkHeaB1foMDyhgpJszh6 started moving the millions out starting 2014-12-14 14:14:01 with starting transactions - https://chainz.cryptoid.info/xpy/tx.dws?6122.htm (999,989.99 XPY)
Traced 100k of it all the way to Cryptsy sell point https://chainz.cryptoid.info/xpy/tx.dws?242093.htm (2015-01-27 22:17:51 - 100k sold) - 2015-27-01 the price of XPY is 0.009BTC on Cryptsy and BTC is $260 (+/-).

Between 12-14 to 1-27, with each movement of the (999,989.99 XPY) after keeps siphoning to various wallets or Bittrex, Cryptsy, and Zencloud.

That was done with just 1 million XPY. What do imagine was done with the other millions?

The other millions being removed on 2015-12-14 at the same time.
https://chainz.cryptoid.info/xpy/tx.dws?9565.htm (2,000,000.0 XPY)
https://chainz.cryptoid.info/xpy/tx.dws?9566.htm (1,000,000.0 XPY)
https://chainz.cryptoid.info/xpy/tx.dws?9616.htm (1,000,000.0 XPY)
https://chainz.cryptoid.info/xpy/tx.dws?9619.htm (2,000,000.0 XPY)
https://chainz.cryptoid.info/xpy/tx.dws?9620.htm (2,000,000.0 XPY)
https://chainz.cryptoid.info/xpy/tx.dws?9621.htm (2,000,000.0 XPY)
https://chainz.cryptoid.info/xpy/tx.dws?9622.htm (1,000,000.0 XPY)

I'll let the rest of you click on your own adventure to see where each ended up in various places. Hint- like the first 1 million... and I haven't gone through it all myself either. After chasing 5 million of it, its easy to see the pattern and the intent.

Remainders of the premine millions or staked wallets from it! Have moved into PDzubEnhb45Gz8zBNq9zsPi9UohwzUhniP (4mil XPY) or the top 10 wallets now

Are you saying withdrawals are now working on paybase ? I checked zencloud and withdrawals are still suspended. I never had (or intended to have)  a paybase account so i can't check

I said it was over weeks ago and now doubt any more funds will be accessed from zencloud...

Seems fairly simple: keep your nose clean.

Homero has been taunting everyone from day one. Tip-toeing the line and even saying so many months ago. Majority of people succeed in life by going about their business in an orderly fashion. Then you have the nutjobs like Homero constantly waving the red flag at the bull and look what happens.

A bloody nose.

Let it be a lesson to all.

I completely agree, and I doubt that Josh or GAW was knowingly selling to terrorists. It is more likely that people on the terrorist watch list  were using paycoin without GAW knowing. Regardless, the fact the the DHS is investigating this should have all paycoin investors scared. That is the risk of having most or all your transactions routing through one company though.

Just for the record "terrorist" is the modern day bogey man.  And watch lists and no-fly lists are used as much to punish politically inconvenient people as they are to go after real terrorists.  The point is that if Josh did business with someone the government didn't like for any reason, any reason at all even if they have nothing at all to do with actual terrorism, they could cry about KNC and terrorist money laundering and come after everyone.  It doesn't actually excuse Josh or GAW for breaking the law, do the crime do the time as they say.  But throwing around words like terrorist or terrorism in regards to money laundering is easy to do and may not have anything at all to do with any actual terrorism or terrorists.

They might have borrowed some code perhaps, but no, Coin-Swap.net is a separate GAW-owned exchange.

Is this the exchange behind paybase?

GAW is dead and they are closing all their crap investments 

Mr. Gonzo hopes he can get away with this or max go to civil court

This just happened.

https://twitter.com/CoinSwapNet/status/573884993761624064

http://Coin-swap.net  will be shutting down on March 22nd, 2015. Please withdraw all funds immediately. Thank you for your support.

GAW had to pump before opening paybase, can you imagine how many people would have dumped.

On cryptsy you can sell/buy to/from yourself so it is easy to fake volume and pretty cheap. It wouldn't surprise me if it is Mr. Ganza trying to start some movement but it has to be close to impossible to get any fresh btc/idiots into this scam anymore. All the gawtards have already got their friends and grannies to join the movement already, they are running low on suckers

There is something very much out of the ordinary going on - if you look at Cryptsy, it's like someone is deliberately pumping up the price for GAW to dump into.  No trader with a lick of sense would be doing this, so the question is not so much where they get the BTC, but who the hell "they" are in the first place.

The ironies are **thick** here.  Not only the Cantor Fitzgeral <-> 9/11 link, but also consider the fact that the inability of GAW to launch paybase and the honor program was allegedly due to KYC (Know Your Customer) regulations that were put in place post 9/11 in order to prevent investment banks and private equity from inadvertently laundering terrorists' money.

Really, when a rich middle eastern playboy wants to buy millions of dollars of a brand new alt-coin no questions asked .. well you know red flags should be waiving all over.

Anyone else watching this pump attempt on HT?

Serious blood in the water at this rate.  Every now and then someone drops a decent chunk on sell and shatters their dreams.  Sad to watch but at the same time amusing.

My question is where do these fools get the BTC for this pump?

Just out of curiosity, how would you remove XPY's premine? If you fork and kill the coins, that causes a world of problems, because some those coins have been sent to an exchange, and that exchange probably sent those coins out to completely unrelated people doing withdrawals, and those people doing withdrawals transacted with those coins, etc., so, really, anyone anywhere who didn't mine his own coin could be hit with that. What would the mechanics of eliminating a premine look like?