It's breaking 0.01 who's buying below $3?
I'm looking forward to twitter going crazy over this!
Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1835. (Read 3377945 times)
January 03, 2015, 09:35:16 AM
I'm looking forward to twitter going crazy over this!
January 03, 2015, 09:32:44 AM
Im pretty sure at this point we can start a class action
Didn't the new TOS prevent it?-)That means nothing and is up to a judge. Also, they keep changing the tos which will render them all unenforceable.
January 03, 2015, 09:30:02 AM
i think its funny that the gaw lovers are following the sinking to the bitter end lol...can really tell who is a shill at this point...
January 03, 2015, 09:29:52 AM
There was only 1.4 million in trade, there is no 100m backing never was, this is the most elaborate scam ever.
If this was elaborate there would not have been hundreds calling it a scam right from the start.It was easy to see through if not crystal clear, the problem is just that greed and stupidity tend to be bottomless.
January 03, 2015, 09:29:44 AM
It's breaking 0.01 who's buying below $3?
January 03, 2015, 09:26:34 AM
Wow this guy is really pissed about time. If more die hards go this way its gonna implode.
January 03, 2015, 09:23:41 AM
Im pretty sure at this point we can start a class action
Didn't the new TOS prevent it?-) 
January 03, 2015, 09:21:39 AM
So, if they in fact ran out of floor monies within minutes, it should be easily traceable right? $100m / $20 per XPY = 5m coins. There are what, 13-14m coins in circulation? Did 1/3rd of all coins get dumped in a few minutes? Not even counting locked stake coins and prime controllers. Did 5m coins transact in a 24 hour period from 12/30/14 at 7:30 EST when PayBase launched? The blockchain doesn't lie, someone can check.
I know they didn't pay $20 for EVERY coin, but his is the minimum needed to eat up the entire floor fund, right?
I know they didn't pay $20 for EVERY coin, but his is the minimum needed to eat up the entire floor fund, right?
There was only 1.4 million in trade, there is no 100m backing never was, this is the most elaborate scam ever.
Are you now telling us that you no longer believe that there was $110 million in reserves
If all coins listed under the prime nodes were sold @ $2 per as was claimed the total revenue would be just under 6 million USD.
If all coins including the non prime million coin addresses were sold it would be just under 14 million USD...
What does "it wasn't coins" mean? How did you think that the $2 was going to magically turn into $20?
January 03, 2015, 09:20:18 AM
This is just rich... they just now realized that price manipulation could be illegal, and they have no plans of ever restablishing a floor:
https://hashtalk.org/topic/27529/30-days-of-transparent-questions-and-answers
So... it's official. There is no floor... there will never be a floor, and we were all lied to. Scam or no scam, the very basis of what everyone had used to make the mine hashpoints and convert to stakers decision... was a lie.
https://hashtalk.org/topic/27529/30-days-of-transparent-questions-and-answers
Quote
Outside of the significant drain supporting the marketplace had on our reserves, we have since learned that the CFTC (Commodity Futures Trading Commission) has specifically stated that they can hold a company liable for manipulating pricing. For these reasons (and the ones above), the “hard floor” strategy cannot succeed and we have no plans to re-implement it.
So... it's official. There is no floor... there will never be a floor, and we were all lied to. Scam or no scam, the very basis of what everyone had used to make the mine hashpoints and convert to stakers decision... was a lie.
Seems like a very dumb thing to say to me.
Why can't they just buy and sell the coins for 20 bucks the same way Candy crush sells gold bars for whatever.
Secondly, claiming paycoin is a commodity that falls under the reach of the CFTC seems like a very stupid thing to do. I doubt there is any way they are possibly compliant with all of their rules. Someone who got hurt by GAW should probably contact them to make sure.
January 03, 2015, 09:19:17 AM
Looks like some of the die hards might be coming to their senses.
January 03, 2015, 09:16:16 AM
all that situation and this war is hurting all crypto, btc down, ltc down, drk down, xpy down.
January 03, 2015, 09:10:31 AM
I find it funny the way they are celebrating Bitcoin price fell below $300 calling it a scam and Paycoin will replace it. It's retarded since BTC is directly tied to XPY price.
By that I mean, if bitcoin goes up, the Dollar rate of Paycoin2/XPY also increases, on average.
Bitcoin falls 5% and XPY will drop to maybe 0.001BTC each so now they are 5000% less wealthy. GAWsome!
By that I mean, if bitcoin goes up, the Dollar rate of Paycoin2/XPY also increases, on average.
Bitcoin falls 5% and XPY will drop to maybe 0.001BTC each so now they are 5000% less wealthy. GAWsome!
January 03, 2015, 09:05:30 AM
http://www.reddit.com/r/Bitcoin/comments/2r7aif/30_days_of_so_called_transparent_questions_and/
Picking apart Josh's 30 days of transparency lol.
Picking apart Josh's 30 days of transparency lol.
January 03, 2015, 09:00:38 AM
XPY is crashing and dying right before their very eyes, yet the GAW cult concludes its BTC that is in fact a scamcoin:
https://hashtalk.org/topic/27452/hmm-game-over/215
https://hashtalk.org/topic/27452/hmm-game-over/215
there are others correcting his assumptions, It's a dumb as fuck conclusion he had, considering paycoin hit a "peak" of $20 with the short term pump, paycoin has lost more value in the last 3-4 days than bitcoin did in the whole of 2013-2014
January 03, 2015, 08:59:09 AM
seems another concern on the outrageous compounding interest is min stake time of a minute.
once those blocks get uber sized. how often will they stake/day , and what sort of compounding will they enjoy ??
madnessssss
January 03, 2015, 08:56:50 AM
XPY is crashing and dying right before their very eyes, yet the GAW cult concludes its BTC that is in fact a scamcoin:
https://hashtalk.org/topic/27452/hmm-game-over/215
https://hashtalk.org/topic/27452/hmm-game-over/215
January 03, 2015, 08:49:38 AM
This is just rich... they just now realized that price manipulation could be illegal, and they have no plans of ever restablishing a floor:
https://hashtalk.org/topic/27529/30-days-of-transparent-questions-and-answers
So... it's official. There is no floor... there will never be a floor, and we were all lied to. Scam or no scam, the very basis of what everyone had used to make the mine hashpoints and convert to stakers decision... was a lie.
https://hashtalk.org/topic/27529/30-days-of-transparent-questions-and-answers
Quote
Outside of the significant drain supporting the marketplace had on our reserves, we have since learned that the CFTC (Commodity Futures Trading Commission) has specifically stated that they can hold a company liable for manipulating pricing. For these reasons (and the ones above), the “hard floor” strategy cannot succeed and we have no plans to re-implement it.
So... it's official. There is no floor... there will never be a floor, and we were all lied to. Scam or no scam, the very basis of what everyone had used to make the mine hashpoints and convert to stakers decision... was a lie.
I assume that the $20 price guarantee for paybase tier 4 (after 30 days qualifying period with $5000/ weekly limit) still holds but joe soap and paybase clients not qualified to tier 4 will be subject to market prices.
However the CTFC is arguably merely a fine of a percentage of what they can PROVE u may have gained as that appears to be the way the banking system views that, as a business expense; besides the CFTC record of inaction is arguably worse than what has happened here in $ terms
I may add that due to their limited manpower and resources their focus will be on the mega players who were fined/ monetary sanction ( settled out of court with no admission of guilt) $3.27 Billion last year and therefore they may, be able to spare the tea lady for a day to investagate a complaint in an obscure unknown such as paycoin for some po0cket change relative to the other problems they have to deal with, a crypto currency thats legal status is unclear and if your lucky send a couple of stinky letters of warning.
http://www.risk.net/energy-risk/feature/2182658/cftcs-powers-lead-market-manipulation
Will CFTC's new powers lead to more market manipulation cases?
US regulators have gained new powers to battle energy market manipulation, and the White House is pushing them to act more aggressively. Should traders be worried? Alexander Osipovich reports America’s top cop for energy derivatives, the US Commodity Futures Trading Commission, has a spotty track record of catching market manipulators. In its nearly four-decade history, the CFTC has successfully prosecuted only one manipulation case; many more have ended in settlements, with no admission of wrongdoing and financial penalties rarely larger than...
January 03, 2015, 08:46:03 AM
January 03, 2015, 08:43:52 AM
This is just rich... they just now realized that price manipulation could be illegal, and they have no plans of ever restablishing a floor:
https://hashtalk.org/topic/27529/30-days-of-transparent-questions-and-answers
So... it's official. There is no floor... there will never be a floor, and we were all lied to. Scam or no scam, the very basis of what everyone had used to make the mine hashpoints and convert to stakers decision... was a lie.
https://hashtalk.org/topic/27529/30-days-of-transparent-questions-and-answers
Quote
Outside of the significant drain supporting the marketplace had on our reserves, we have since learned that the CFTC (Commodity Futures Trading Commission) has specifically stated that they can hold a company liable for manipulating pricing. For these reasons (and the ones above), the “hard floor” strategy cannot succeed and we have no plans to re-implement it.
So... it's official. There is no floor... there will never be a floor, and we were all lied to. Scam or no scam, the very basis of what everyone had used to make the mine hashpoints and convert to stakers decision... was a lie.
Nice. Scammers claim to be unable to keep promises because
doing so would break the law. Should bolster confidence.
Not to mention it's total bullshit. Paycoin isn't a futures contract. It isn't a derivative. It isn't a security. It's a virtual good, so the CFTC has no ability to regulate it. CFTC is the Commodity FUTURES Trading Commission. It's like those lying assholes think people can't even read.
Sorry for the language, but a lie this brazen gets me a bit pissed off.
Yeah, figures.
For a man of gawd Josh sure seems loose with commands from up high,
at least some of them.
January 03, 2015, 08:38:51 AM
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