Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1758. (Read 3377956 times)

I am still in Vegas for CES, but am trying to add content to GAWGate.com as I have the free time (late night work here). Please feel free to use the existing forum there for the class action home base if needed. I only request any requests for donations be delayed until the legal counsel and all parties are vetted.

Scott-

Edit: Sorry; I missed your last comment. See you on GAWGate.com.

As of 3pm pst I have made contact with an attorney interested in helping us file a class action. I ask that everyone that is interested in being part of this class action please send an email with your name contact info and a brief description of your losses to [email protected] if anyone would like to donate to help with this i have set up bitcoin and xpy addresses to support the legal fund as well as getting a website up with all of the archived material available if people could also email links to all material that may be relevant to the above address will be helpful to the attorney. I will post more information hopefully tomorrow as I have another meeting with the lawyer. I will also be posting the same information on gawgate.com please sign up there as well


xpy address:  PWSMWarfeYwedfdpnJkVq93zASskWuyoYx
BTC address: 1NTSrG7Dm5pfmcx9FSbV67bzpZADPgmhHu

Please re-post in all available forums

The only people holding XPY now are the GAW faithful so I expect the volume to be low and price to be stable for a little while. None of them want to sell at this price as they are hoping the price will rise in the future.

Merchant integration generally implies a conversion from XPY->Fiat, except in the unlikely scenario where the merchant is happy to hold XPY. Without any market depth, any merchant sales will crash the market. Because of this GAW are forced to delay any plans for merchant integration. Their customer base simply has no money left to put up buy walls.

What would you do in GAW's position now? They have the option of burning their own money to put up buy walls. I have a feeling they don't want to be parted from their money, so I'm not expecting that to happen. At most they may cripple the debit card with horrendous buying limits, giving the illusion of a working ecosystem.

My prediction is that merchant integration will be postponed. If anything worth buying becomes available for XPY, we'll see the market crash to a price that means people are reluctant to spend.

There you go: http://blogs.wsj.com/moneybeat/2014/12/01/bitbeat-under-fire-gaw-miners-ceo-garza-takes-on-his-critics/


Oh yeah, that last bit is good too. I hope someone asks about that in Miami. It's funny how that highly touted WSJ blog comes back to bite...

Our legal team wanted to handle this differently.

Update will be coming from our official website

stay tuned

Follow me on Twitter - @gawceo

So much for his claims he had the inside track to being "the first cryptocurrency the regulators will actually want to work with"...

We are in discussions with one of the largest firms in the country that handle things like this.
The actual management of the currency and money transmission is being handled by an external company outside of GAW

Josh Garza
‏@gawceo
Never thought selling some cool mining hardware would result in hiring Regulatory Compliance Officers!

We’re going to succeed in gaining mainstream acceptance for Paycoin. There’s work to be done and steps we have to go though, since we’re doing things no company before has ever done, but we’ve hired a ton of compliance officers and we meet with regulators every week to make sure we do things right.

we have since learned that the CFTC (Commodity Futures Trading Commission) has specifically stated that they can hold a company liable for manipulating pricing

There you go: http://blogs.wsj.com/moneybeat/2014/12/01/bitbeat-under-fire-gaw-miners-ceo-garza-takes-on-his-critics/


Oh yeah, that last bit is good too. I hope someone asks about that in Miami. It's funny how that highly touted WSJ blog comes back to bite...

GAWCEO
Admin
Moderator
Industry Innovator

GAW Adds 25,000 Customers in One Week

You read that right

Just read our numbers from last week.

We added over 25K customers in the last 7 days!

The best part is, the majority of them are new to the industry.

Spread the word far and wide! Miners are rising!

Hash On!

Josh

This Rootdude guy should had never been a mod, he's way too emetonial and acting on anger, way to ruin a forum.

Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
November 21, 2014, 10:42:24 AM
Reply with quote  #731
Quote from: demonz on November 21, 2014, 09:53:35 AM


1) What is the status of the ZenPool "negoitiations"? It was promised by GAW CEO that the pool would return to levels the same, if not GREATER than before. This has been forgotten about...

2) Why can't I use hashpoints to buy new miners? I'm stuck at either collecting satoshis (i believe the maint fees eat up about 90% of payouts) or collecting store credit and having faith on a future project. Wouldn't it benefit GAW to allow me to buy new miners/sell them and they make 10% profit? Atleast it gives people a way out.. but this has been denied.

3) Why aren't there any details as when hashpoints will be converted? Hashcoin.com had a countdown but now it redirects to paycoin with no info about release date but an email update.

4) Why, when asked, does GAW CEO respond "just dont invest with me then" as an answer to any technical questions?  

5) Why do you have so much faith in one man? As far as I can tell, the main supporters of GAW are the early adopters. Those who bought hashlets at 16$, were converted to prime and made ROI already. What do you have to lose? Nothing.... and this is why your are so faithful... but ask the same question to someone who just bought in in october and payouts dropped 90%.

Thanks for your time..

What is the status of the ZenPool "negoitiations"? It was promised by GAW CEO that the pool would return to levels the same, if not GREATER than before. This has been forgotten about... - I know about as much about this as you do. The negotiations were said to be completed, and it's my opinion that Josh is waiting for a strategic time to restore the payouts for the ZenPool closer to the ICO. In the past he's stood behind his branded offerings and services (Zen and GAW brands are important to him) - so many of us are being patient and waiting for this to happen. It's been about a week or so since the negotiations were completed... should be soon-ish, I suppose.

I found this that you stated, referring to the Zenpool negotiations, to be rather disturbing: “The negotiations were said to be completed, and it's my opinion that Josh is waiting for a strategic time to restore the payouts for the ZenPool closer to the ICO.” Why, in the world, would he not restore payouts immediately? Do you mean to tell me that negotiations were made and that Josh is mining Zenpool and profiting more while paying out less until he decides to restore payouts?

Again, I answered this question in a post already.

I'm not sure we are even needed any more... Looks like the "awakened" over at HT are actually trying to keep Josh honest now...


https://hashtalk.org/topic/28182/what-happened-to-the-30-days-of-transparent-questions-and-answers

Our legal team wanted to handle this differently.

Update will be coming from our official website

stay tuned

Follow me on Twitter - @gawceo

Long article:

http://cointelegraph.com/news/113256/concerning-garza-tnabc-and-bitcoin-media-down-with-everything-associated-with-anyone-op-ed-

tl;dr seems to be that the Miami conference should offer discounts to GAW/Paycoin customers (putting pressure on Garza presumably as more unhappy customers would participate), and also some backpedaling on media responsibility regarding advertising etc, which I don't quite understand - I mean this thread has been going on since August and is fairly high in google, hello? How much time do you need for due diligence?

Actually it looks to me like maybe GAW isn't spending as much on ads anymore? That would surely be a convenient way for a "news" site to proclaim moral high ground now - see, we're not taking their money anymore.

Still, many say that GAW — as with all cloud mining operations — could be far more transparent. Amith Nirgunarthy, CEO of cryptocurrency information site IHB.io, says GAW should provide “their coinbase addresses on the bitcoin blockchain.” Without that, he said, “none of their mining contract payouts can be traced to virgin bitcoins,” ensuring that it “smells like a ponzi scheme.”

In rebuttal, Mr. Garza says bitcoin purists’ demands for total transparency are inconsistent with how for-profit companies compete in the real world. “No normal company does that,” Mr. Garza said, adding that “operating that way won’t make more companies want to come into this space.”