Their own message board with the right messages and their own exchange
with the right prices. Perfect setup.
Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 1870. (Read 3377945 times)
January 02, 2015, 06:44:08 AM
January 02, 2015, 06:40:53 AM
Suppose it easier to buy and sell XPY with your own exchange and you get the fees as well
January 02, 2015, 06:36:32 AM
Well, you can buy a $500 Glock for 25 Paycoins ($170) at Meganet, right ?
I know it seems hopeless now but no matter how low the price goes suicide is not the answer!
If things are so bad that you are unable to function, drop everything and go to your local hospital or crisis center immediately. The people there will take care of your situation right away.
I´m not into this shit.
It´s just an idea. Buy 20 Glocks for 500 Paycoins ($3400) sell them
for say $8000.
Compton is a good market.
All the megatons of criminal garbage that needs to be taken out
I´m sure it´s a screaming bull market.
January 02, 2015, 06:31:57 AM
Well, you can buy a $500 Glock for 25 Paycoins ($170) at Meganet, right ?
I know it seems hopeless now but no matter how low the price goes suicide is not the answer!
If things are so bad that you are unable to function, drop everything and go to your local hospital or crisis center immediately. The people there will take care of your situation right away.
I´m not into this shit.
It´s just an idea. Buy 20 Glocks for 500 Paycoins ($3400) sell them
for say $8000.
Compton is a good market.
January 02, 2015, 06:24:58 AM
Well, you can buy a $500 Glock for 25 Paycoins ($170) at Meganet, right ?
I know it seems hopeless now but no matter how low the price goes suicide is not the answer!
If things are so bad that you are unable to function, drop everything and go to your local hospital or crisis center immediately. The people there will take care of your situation right away.
I´m not into this shit.
It´s just an idea. Buy 20 Glocks for 500 Paycoins ($3400) sell them
for say $8000.
January 02, 2015, 06:15:17 AM
Even Coldspirit is getting Coldfeet 
Looks like Coldspirit took phonics in his school days
January 02, 2015, 05:57:59 AM
I really do feel sad for the sheep that are lead by the self proclaimed shepherd (Josh's words not mine), they have this belief that the coin will magically rise just because Pay Base allows you to shop or get a debit card. Now whilst the debit card could make it easier to exchange to fiat it will do nothing to rise the price. Do these people not get it if I bought the coin tonight for $6.00 I only need to spend it at $6.00.
I know of very few coins that have dropped 75% in value in 3 days and survived, the sheep over on HT just think by holding the coin everything will be okay, by my calculations around 12,000 new coins are going into circulation per day, I am like many others whom are staking and sending it straight to market for BTC and getting what I can at the time.
This coin will go down as one of the most hyped but worse launched coins of 2014 and I don't believe it will be worth more than $2.00 by next week, I also believe that this is the level that the big investors (if any) bought in at, and the real cap from the big investors was more like 10 million not 100 and that is why Josh can not intervene in the market.
I just hope that some of these guys have the common sense to get out before $4.00 as this was what they mined.
I know of very few coins that have dropped 75% in value in 3 days and survived, the sheep over on HT just think by holding the coin everything will be okay, by my calculations around 12,000 new coins are going into circulation per day, I am like many others whom are staking and sending it straight to market for BTC and getting what I can at the time.
This coin will go down as one of the most hyped but worse launched coins of 2014 and I don't believe it will be worth more than $2.00 by next week, I also believe that this is the level that the big investors (if any) bought in at, and the real cap from the big investors was more like 10 million not 100 and that is why Josh can not intervene in the market.
I just hope that some of these guys have the common sense to get out before $4.00 as this was what they mined.
January 02, 2015, 05:51:15 AM
Well, you can buy a $500 Glock for 25 Paycoins ($170) at Meganet, right ?
I know it seems hopeless now but no matter how low the price goes suicide is not the answer!
If things are so bad that you are unable to function, drop everything and go to your local hospital or crisis center immediately. The people there will take care of your situation right away.
January 02, 2015, 05:46:02 AM
Well, you can buy a $500 Glock for 25 Paycoins ($170) at Meganet, right ?
January 02, 2015, 05:39:28 AM
https://hashtalk.org/topic/27251/amazon-further-denies-paybase-gaw-miners-involvement-true-or-troll/8
the last posts:
"...
Should a mod just lock this and link to prior old stuff?
..."
"...
This thread has been reported.
There is zero point to this thread and not worth my bandwidth.
..."
stupid blind morons
the last posts:
"...
Should a mod just lock this and link to prior old stuff?
..."
"...
This thread has been reported.
There is zero point to this thread and not worth my bandwidth.
..."
stupid blind morons
January 02, 2015, 05:23:18 AM
The $20 price guarantee was stated by Josh here, for example:
https://i.imgur.com/0ALEUYW.png
https://i.imgur.com/0ALEUYW.png
This then got retroactively edited a few times.
https://archive.today/a7ySo
https://hashtalk.org/topic/25441/paybase-launch-rescheduled
Did Paybase launch with no fees, as stated?
https://i.imgur.com/0ALEUYW.png
https://i.imgur.com/0ALEUYW.png
This then got retroactively edited a few times.
https://archive.today/a7ySo
https://hashtalk.org/topic/25441/paybase-launch-rescheduled
Did Paybase launch with no fees, as stated?
January 02, 2015, 05:08:09 AM
hahaha HT bag holders are shitting their pants 
Don't worry pump is on now on cryptsy
Don't worry pump is on now on cryptsy
January 02, 2015, 05:07:24 AM
I did not see or receive any emails but I would like to ask
1) Was the $20 floor an intention , an indication or a guarantee?
1) Was the $20 floor an intention , an indication or a guarantee?
All three. It was stated multiple time by the CEO, and reposted hundreds of times by various people without correction.
Quote
2) Was there a time period clearly stated for this floor to be reached or would they still be complying if it is reached ( and supported) in 30 days..60 days?
No... and this was the loophole.
Quote
3) the market floor price is not stated in this particular email..was it stated in any link from this?
No, only from HashTalk.
Quote
EDIT
So I have had a quick search It appears the $20 floor price has strings attached
https://hashtalk.org/topic/24519/am-i-reading-this-right-only-tier-4-paybase-customers-can-sell-xpy-for-fiat/11
"Tier 4
Verify two forms of government-issued ID, have an account established for 30 days
Purchase up to $75,000 of XPY with FIAT
Purchase up to $5,000 of BTC with XPY
Convert XPY to FIAT up to $5,000"
If I'm reading this right, this means that we'll have to still wait an additional 30 days after PayBase launches to actually sell any of our coins, right?
"Tier 4
Verify two forms of government-issued ID, have an account established for 30 days
Purchase up to $75,000 of XPY with FIAT
Purchase up to $5,000 of BTC with XPY
Convert XPY to FIAT up to $5,000"
If I'm reading this right, this means that we'll have to still wait an additional 30 days after PayBase launches to actually sell any of our coins, right?
So I have had a quick search It appears the $20 floor price has strings attached
https://hashtalk.org/topic/24519/am-i-reading-this-right-only-tier-4-paybase-customers-can-sell-xpy-for-fiat/11
"Tier 4
Verify two forms of government-issued ID, have an account established for 30 days
Purchase up to $75,000 of XPY with FIAT
Purchase up to $5,000 of BTC with XPY
Convert XPY to FIAT up to $5,000"
If I'm reading this right, this means that we'll have to still wait an additional 30 days after PayBase launches to actually sell any of our coins, right?
"Tier 4
Verify two forms of government-issued ID, have an account established for 30 days
Purchase up to $75,000 of XPY with FIAT
Purchase up to $5,000 of BTC with XPY
Convert XPY to FIAT up to $5,000"
If I'm reading this right, this means that we'll have to still wait an additional 30 days after PayBase launches to actually sell any of our coins, right?
The KYC portion was to keep people from dumping all at once, it slightly had something to do with the "floor".
January 02, 2015, 04:59:59 AM
I get your point, but people are earning XPY every day from their stakers. They are going to want to be recompensed. When the number of XPY keeps piling up and people realize they are getting zilch for their efforts... there will be a slow tidal wave of dissent. Especially at the 30, 45, 60, and 180 day marks.
First, I think you underestimate how well their fan base is trained to live with disappointment. Look back at all the posts about how it would be foolish not to buy XPY at $10 when you can sell it for $20 in a few days. People's plans for the big day when they could get $20 per XPY, what they were going to buy on Amazon and what a great deal they'd be getting at $20 per XPY. On and on and on. Now it's about how there was never a guarantee and how it's up to them to create value and take a long-term view and hold firm etc.
And it's utterly disgusting. I get what some have been saying around here now. I can admit when I'm wrong. The BS about how there was never a guarantee, or that they were spending 500K a minute... or the "speed" of Cryptsy... all that is my breaking point.
Quote
Compared to that the stakers seem like a small hurdle. There will be a lot of complaining about stakers, but then maybe GAW makes some kind of adjustment, maybe a new product that initially looks generous. (Why were people willing to pay money to rent a wallet capable of staking anyway?)
I predict it will be some carrot... agreed. A "free" paybase prime account to everyone to continue holding is my guess.
Quote
There's only so many baubles you can buy from Amazon before you realize that it's not doing you much good if the XPY/USD rate is still below $20.
Quote
Why isn't it doing you much good? It's like spending bitcoin or any other spendable crypto. It's worth whatever it's worth when you want to spend it. People who bought XPY at $4 have doubled their buying power when XPY is at $8.
Because the value of XPY is not stable. Sure I might be able to buy a CD or a book from Amazon in a few days for 1 XPY... but in a month from now when 1 XPY is only worth $3, I have to spend 3 XPY to buy a CD or book. It's diminishing returns... just like POW mining. The promise of stability was what I was seeking, and if it was possible, then it would be a tremendous breakthrough in the world of crypto. The truth is... I don't want to spend my XPY on baubles or CDs or books from Amazon.
It's not a long-term vision for a coin. It's a convenience to be able to spend XPY at Amazon... but it's not a long-term vision. There's nothing there to attract new people to keep money pumping into the ecosystem, to let natural forces keep the "floor". The only hope is to get current crypto holders (alts and BTC holders) to switch to XPY. No one is going to buy XPY to buy from Amazon when cash does just fine, and is less confusing for Joe Sixpack.
Quote
But that still doesn't answer how GAW can get away with it, other than burning through all the USD/BTC as "business as usual" costs as long as possible. At the end of that day... GAW still has to declare bankruptcy to protect itself from creditors. You can't just walk away with that amount of money.
Quote
They're getting salaries, presumably huge salaries. Bonuses. Perks. Their other costs can't be that big because their "product" is virtual. They obviously aren't spending a lot on developers, graphic designers (did you see that first attempt at a logo?), etc. They're squeezing revenue out of everything they do in multiple ways. Bankruptcy is possible but not at all guaranteed.
I held my tongue on the "logo unveiling" threads. They were horrid.
But I'm still not in the "scam" territory with GAW. They are just a company taking advantage of their loyal customers. They couldn't walk away in a ponzi/scam type scenario as I see it. They will just continue coming out with virtual "innovations" and string customers along for a while. Josh will sell to someone, or walk away to start some other venture within 2 years.
Quote
By the time paycoin/paybase is going down the crapper (I'll bet they can get a year or more out of it) they'll have new schemes going. Running an exchange could turn out to be a big money maker for a while. The kind of games an exchange can play are right in their wheelhouse.
Agreed.
January 02, 2015, 04:48:11 AM
Also if it is a scam, how do you guys expect Josh to get away with the stolen money when all his details and company details are known?
It is not illegal to be utterly incompetent at business. It is not illegal to 'shoot for the moon' and fail. It is not illegal to 'try your very best to make this business work' but fail.
On the one hand you have the run-up period to today whereby *every* single product/service/changeofToS kept morphing into something else, something new to keep customers interested, exactly how Ponzi/Boiler-room scams are perpetrated.
On the other, you need to prove intent, you need to prove decisions were taken in order to mislead people to buy in or continue being in. There needs to be a trail of transactions that are generally evidence of intended fraudulent activity.
So, yeah, it's perfectly possible for someone to operate something that looks, walks and quacks like a scam, but for them to fold under the guise of it being a failed legitimate business.
All GAW has to do is mix up some of that massive crypto wealth they have in their own wallets and direct a bunch of it outside the company and off the books. Something I imagine, given the complex structures and changes in effect over at GAW Mansions, is not entirely outside the realms of possibility.
January 02, 2015, 04:44:12 AM
https://hashtalk.org/topic/27238/it-is-me-or/9
pleeeeease gimme that insane optimism. thats crazy man, value drops over 75%... but hey, thats a great value!
pleeeeease gimme that insane optimism. thats crazy man, value drops over 75%... but hey, thats a great value!
January 02, 2015, 04:42:55 AM
Where abouts does it say paybase will pay $20 per coin after 30 days I cant find it.Thanks
January 02, 2015, 04:40:38 AM
My last post for tonight / today, if anyone bought with a credit card Via Paycoin.com, you would have a very good case for a charge back, Josh has stated many times that there was a $20.00 floor and many people here have added screen shots, so you could state in your claim for a charge back that the product was not as advertised. I would almost Guarantee you would win in this case. You could then get out with the money you spent, and if you have already staked these coins that is GAWs problem not yours. As for the actual stakers though not sure how you get those refunded.
You can't get refunds........I asked about the 1 5mh staker I bought about 2 weeks ago...& never put a XPY in,they said:
"Hello,
Thank you for contacting GAW Miners. I apologize for the inconvenience, but at this time all sales are final. Please see our Terms and Conditions page regarding this matter. You have agreed to these terms and conditions during the checkout process. This can be found here: https://www.gawminers.com/terms-conditions/
Thank you for your business. If there is anything else I can do please let me know.
Best regards,
Eric R.
Ticket: GAW Miners
GAW Miners Team- Please visit us at: hashtalk.org"
So I'm stuck with the damn thing till the hashmarket opens....if it ever does,I'm thinkin not
Well,I dumped 41 of 53 XPY for 0.02646002 each,it puts me in the black at least by about $75
I'll save the 11 XPY in case he pumps it up I'll be able to recoup abit more
Like a dumbass I paid via BTC,thru Zencloud
BTW interstellar,everytime I see your name this plays in my mind
https://www.youtube.com/watch?v=ilnnMzK_m8w
January 02, 2015, 04:31:33 AM
Then there's that 'Oh Shit!" moment.. Oh ColdSpirit, my old friend... We tried to warn you here..
https://hashtalk.org/topic/27238/it-is-me-or
https://hashtalk.org/topic/27238/it-is-me-or
January 02, 2015, 04:27:34 AM
I did not see or receive any emails but I would like to ask
1) Was the $20 floor an intention , an indication or a guarantee?
2) Was there a time period clearly stated for this floor to be reached or would they still be complying if it is reached ( and supported) in 30 days..60 days?
3) the market floor price is not stated in this particular email..was it stated in any link from this?
1 is up for debate. There are many posts by Josh indicating paybase would buy XPY for $20. He went back and revised the wording of some of his posts several times. It was clear he was indecisive on what he wanted to promise. You could argue that all three were true or none of them perhaps. Most people on hash talk I think were convinced that the $20 floor was going to happen because enough of his posts indicated so.
2. When he did talk about a floor, he usually indicated the floor would exist when paybase opened (which debatably it was for a few seconds).
3. He stated the $20 floor many times in his posts on HT. There was no posting of a $20 floor on this email.
Thanks for that. I did a quick search and have edited my post accordingly
- There is a 20$ price floor "guarantee" but Only from Paybase...NOT until 30 days after launch and you need to be tier 3 or higher with a max $500 dollar conversion per week at the $20 floor..as far as I can make out. so it has not started yet
Jump to: