Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1840. (Read 3377945 times)

https://hashtalk.org/ is offline suddenly   was this planned or did they finally pull the plug?

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?

Unfortunately it is with deep regret that I inform you that the CEO of GAW has lied, there is no $20 floor nor was there one, they are now hiding behind the same laws that Reddit and BTC Talk stated they were breaking.
It is unfortunate that GAW was able to con a lot of people who are new to Crypto into this, this will be a big kick in the ass for Crypto all over.

If there is just one person in the US who bought Pay Coin via paycoin.com who wishes to actually take GAW to court rather than just a charge back I am sure this community plus a lot in Hash Talk and Reddit who would help fund this case. It is time now that GAW and Pay Base + all other associated entities pay for their lies.

There was no backing from large investors or else Josh would already been gone as the CEO, his sports cars were paid for by his customers. I believe the courts in the US can make major financial awards for this type of behavior, it is now the time for a US citizen to sue GAW. I would do it but I live in Australia and our Federal court may not hear the case.

I would also welcome anyone asking a Judge in America to stop GAW from selling or promoting any other service until the case is heard.

If some one is serious about this I am prepared to kick of the fund with 1 BTC, however I would like a trusted escrow to hold the funds.  EDIT : May I state though that pictures of his family are still not warranted

30 questions, 30 days so as to craft each and every response very carefully.

Only 1 question per day! 

What the fuck is that shit? Their company is falling apart, they have bankrupt many individuals, but instead of putting everything out there in one last ditch attempt and saving whatever is left. They are going to treat this shit like a game?

I wonder if Cantor Fitzgerald´s board is aware of Stuart Fraser´s association

with this two bit penny stock, err coin. Maybe it would be an idea to fire him

before it blows up. Less shit fallout on the firm that way perhaps.

Done and done.  Just let me know.

Alright, go!

I will have one of our guys PM you this weekend about your post!

+1

Coinfire... since you like to post actual truth... I did a piece one page back that, in my opinion, shows something that no one on hashtalk is even bothering to look at...

EDIT: It's about the over 16 million additional coins through "Prime Nodes" that will hit the block chain after one year.

Checking Monday morning with CFTC, FINCEN, and others if Business Technology for Cryptocurrency, LLC is registered and up to date for things such as MSB etc.

I love all these shills posting now

https://hashtalk.org/topic/27529/30-days-of-transparent-questions-and-answers

^ LOL

Did you guys see this in the Hashie thread, apparently bijane who is heavily involved in GAW could well be BBIT  - https://bitcointalk.org/index.php?topic=822446.msg10015004;topicseen#msg10015004

https://github.com/GAWMiners/paycoin/blob/master/src/main.cpp

Above is the link to that actual source code for Paycoin (XPY) used for this post.

Lines 963-972:

Lines 1364-1400 (34 pub keys)

Lines 1424-1435 (10 pub keys)

Lines 1459-1462 (2 pub keys)

Lines 1487-1491 (3 pub keys)

What does this mean?  Well.. it means that there are 34 pub keys associated with "prime nodes" which stake @ 350%/yr.  Yes... that isn't a typo.  Prime nodes have a minimum quantity of 125,000 XPY and, for ease of calculation and playing it conservatively, we'll assume all address have this amount.

So... according to https://chainz.cryptoid.info/xpy/#!rich there are 51 prime address.  Since there are 49 pub keys associated with higher than 5% staking rates we have to assume, and have found to be the case at least according to the richlist,  4 addresses will stake at 5% like the rest of the plebs (balances found below in edit).

125,000(.05)(4)+125,000(.1)(3)+125,000(.2)(2)+125,000(1)(10)+125,000(3.5)(34) =

25,000+37,500+50,000+1,250,000+14,875,000= 16,237,500

So that's an additional, after one year, 16 million two hundred thirty seven thousand five hundred coins just from the "Prime Nodes" in additional coins added to the blockchain.  That does not take into account anything else except the "Prime Nodes".

Hyperinflation will take care of this coin on it's own.

If I'm wrong, please feel free to correct me.

EDIT:  Edited due to faulty rich list.  Further digging shows that there are 49 prime nodes to match the 49 pub keys.  The additional 2 must have been a coding or mathematical fault.  There are, however, 4 wallets with balances higher than all 49 of the prime nodes, shown below this.  For the purposes of easy math, I have adjusted the 5% staking above to 4 instead of the original 2 even though the actual staking will be much, much higher on three of these wallets.

Is it me or CEO absconding with all his sheeples btc?

Well they have just admitted there will be no floor apparently now they are worried about breaking the floor, all I can say this is now shitsville, I dont care about the coin and that this is worse than the LTC Gear ponzi saga.

This must be the best con job of all time in Crypto even bigger than Mt Gox as it was kept going for so long, well this coin deserves to go down to 1 satoshi and I deserve to lose anything I have staked as I am a dickhead for thinking I should take an each way bet. I would prefer this coin to fail now.