Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1324. (Read 3377922 times)

To eliminate liability.  Every time one of the original purchasers of XPY from Paybase or GAW sells out on the exchange, Josh's liability is arguably reduced (a securities fraud claim still exists, but the contract claim and consumer fraud claims are mitigated).  If GAW just hyped and dumped over and over again, the coin would be much lower than it is now -- someone is providing buy support to keep XPY at .80... buying up large quantities after each major dump.   it should have collapsed to a micro satoshi long ago otherwise.  It could be speculators, but the idea that it might be GAW/Josh is not as far-fetched as it sounds when you consider that he is reducing his liability with each buy.

Debit only, sorry. I don't think he can get any credit without collateral anymore  

You do realize that he has the ability to create thousands of coins per day off hyper-inflationary wallet codes, right?  Why would he buy any XPY?

This coin is not set up for the typical pump and dump by the "dev"... this coin is set up to be hype and dump.

The pump and dumps he has been doing are not inconsistent with my theory.. he still needs cash (or bitcoin) to keep the lights on, pay for lawyers and bodyguards and pay his employees.  So he pumps and dumps to get operating cash... at the bottom of each dump he starts buying back.  Since he can essential control the peak and trough of every pump and dump, he sells high and buys low.  He can buy more than he sells that way and/or still earn a profit.

If I am right, when he offers his buyback there will only be a handful of takers, the rest having sold out.  He can even track who has held on to their XPY from the ICO and Paybase sales (these are the only ones he will offer to buy back I think).  Once XPY has moved through an exchange sale, he doesn't have to worry about refunds... so he can track how much XPY from first sales are still out and keep running the pump and dump until that number is reduced sufficiently.

Then again, I may be giving Josh way too much credit.

Yes.  And he can tell his faithful that he did right by them, so that they buy into his next scam.  It seems to me that is exactly what he did with folks to bought Hashlets where he made the offer to buy back the hashlets ... and then announced XPY to keep them in the scam.  The point of the long con is to keep them in the game, so he eliminates most of his liability AND keeps them in the game with his next scam.

Haven't read these links - sounds like a giftcard though. 

All that sounds like it that they will have a co-branded card that will still be entirely $ based. I assume you'll be able to sell your XPY at any time and have the $ placed on the card. Yippee.

http://www.mastercard.us/merchants/assistance/faq-cobranded-cards.html

Eightcylinders' crazy thought is just that. IF it were Mr. Ganza's plan to tank the value of XPY he could easily make it dive into the satoshi's by basically doing nothing and dumping a bunch into the market. He could take out ALL of the the Buy Bids very easily. Then just disappear from HT for a week or two(or better yet turn HT off- Ha!PANIC! ) and continue to dump into every buy bid. Confidence would plummet in days, panic would ensue and a mass exit would happen in very short order. The reality is that he is doing all he can (for the bare minimum BTC it takes) to keep the XPY price from plummeting into the toilet. This latest feeble attempt at buoying confidence with a complete bullshit announcement of a phone call is proof of this.

and then what next? you mean he rids of most of the liability and moves on ?

I think the email was to tell him that he had been approved for his secured credit card

Why?  Let it continue...  Lead a horse to water type thing here...

The trolls will celebrate forcing you to get your ass in gear. But, again, put up or shut up.

By gawceo's own admission, the trolls have already won - we drew enough attention to shady crap that he couldn't release it into the wild b/c his new legal team said so. Nobody wants to hear that though - due diligence free-loaders.

I have sent a press inquiry to MasterCard, haven't heard anything back but it has only been about 10 minutes.

In the meantime, I wanted to show you guys something I stumbled on. BTCjam is letting users attempt to refinance (if they can find the lenders) and while writing an article about it, I found this poor sap.

https://btcjam.com/listings/36145-refinancing:-zencloud-mining-rise-mh-s




He looks to be a true beliver https://hashtalk.org/user/shaerox

So sad. . . somehow, 64% of his loan has been funded.

Also, here is a 100% shameless plug of my article about BTCjam, I know its unrelated but figured, what the hell. http://www.miningpool.co.uk/btcjam-adds-option-to-refinance-loans/

MasterCard would be stupid to do a deal where one person is holding exponential money printers, they would be better off taking a large basket of Cryptocurrencies or even Bitcoin for that matter.

Here is a gem from the MC thread



It took several days for MC to respond, and when they did, it is from an Iphone. Looks very legit

He filled out a webform and then referred to that as "having a contract" so when he says "deal with mastercard" it could be just about anything.  He may have called mastercard and said he had a business and could he buy prepaid cards and resell them and if the person on the phone said yes that would be plenty for him to claim "a verbal deal".  He always talks up everything but when it comes time for the real thing it is always, always some piece of shit that took literally no effort.

Yeah but he has a disciple maker at the helm now and Jesus is his co-pilot so yeah, take that.

I have been noodling on that question too.  Here is a tinfoil hat answer (though I hate to fuel speculation on XPY, I do admit to buying some down at .0028 on this theory just in case my crazy theory is right ...):

Josh knows he is in a shitload of trouble.  He has major investors who bought a coin at $2-4 which is now worth $0.80 USD.  The CAF was clearly a fraud.  Josh spent the millions he received on a jet, bodyguards, and god knows what else.  The SEC is investigating.  His "new" legal team has finally gotten it through to Josh that a revenue generating device based solely on the business activities of GAW/Paybase/etc. is a "security" and he can't sell that to raise new money... and lawsuits are sure to come.  What to do?

One idea to "save" Josh might be letting XPY settle to a very low amount, and then buy up all of the XPY held by third parties on the market at the lowest possible price.  Why?  Because once a large enough percentage of the XPY in the wild is bought back (at a fraction of the original ICO price), Josh could have enough money to offer "rescission" to the remaining "faithful"... e.g., he could offer to REFUND anyone who purchased XPY from GAW, once he has gotten rid of the largest holders through buybacks on the market.   This is much like what he did with Hashlets where he offered to refund hashlet purchases (less profits) after it became clear that Hashlets were a ponzi.


Just a crazy thought.