Man, that dude is rollin'.
Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2093. (Read 3377790 times)
December 18, 2014, 05:09:48 PM
December 18, 2014, 05:08:01 PM
Gaw did not, or does not now hold a 100% of the hashing power in the pool,one of the reasons the coin forked was that people were throwing so much power at the pool it overtook Gaw and caused a fork
Umm, that ends tomorrow Einstein. After that they will indeed control 100% of the "pool" hashing power.
I am more convinced that Idiocracy is upon us every time I read one of these posts written by someone who is completely oblivious to what is going on, yet is convinced they are Wile E Coyote, Super Genius.
Oh, and to get the honor of being able to mine in this pool , all you have to do is buy one of these and "stick coins in it". for a long period of time.
Never mind that these cute little machines are nothing more than a fancy CAD rendering and do not actually exist.
Then you truly have no idea of what you speak.
Please go download the wallet, obtain a coin, and stake on your own.
I have the wallet downloaded. I have mined coins. Exactly how do I stake them without going through GAW? I do not see that functionality in the wallet. Please explain the process in simple terms, I would love to try it.
You just leave them in your wallet for 30 days and log into your wallet. The coins basically need to stay at a single address for period of time
December 18, 2014, 05:02:49 PM
Look at it this way. Say there will be 500K coins out in circulation by end of POW. And GAW expects another 500K of dumping from customers at paybase. Why would they eat into their own reserves to reward dumpers (GAW is still losing $7 of their reserve per coin to the dumpers)... when they can just buoy their own customer base at the $20 promised? The miner/dumpers will have to take their low sell bids off of the exchanges and take them to paybase to get $20 per coin. Removing the low sell bids from the exchanges can increase the value of the remaining coins on the exchanges.
So you're saying that instead of spending 500x7 = 3.5 million USD to buy up coins now, GAW would rather spend 500 x 20 = 10 million to buy up the same coins later?
The only way this could possibly make sense - and someone mentioned that already - if GAW introduced some kind of hold on external deposits, giving priority to HP conversions. But that would screw all those HT pumpers buying up "cheap" coins on coin-swap now.
No, what I'm saying is why spend money on exchanges to buy coins? They have enough debits to worry about with the HP->XPY->BTC/USD sell off from their own customers. They need to have the money to support this sell-off from their customers. And by doing so within paybase, they get the same effect from the exchanges that they want without having to buy coins from the exchanges. They can't control the price on the exchange, but they can manipulate behavior a bit by only guaranteeing the $20 via paybase.
December 18, 2014, 04:57:27 PM
I have no doubt that you do not understand what I am saying, that is quite obvious. The entire Paycoin mining system is in essence a single pool controlled by GAW, which is the primary coin holder. It does not matter what fancy catch phrases are used to describe it.
I'd have to disagree with you here. During POW, you can mine your coins into existence using any pool you choose into your own personal wallet. All of this is outside GAW's control. During POS, you are free to stake your coins in your own personal wallet, which is also outside GAW's control.
Thanks for pointing that out Sherlock. You think maybe I knew that since I am renting miners? Maybe you should scan back a page and see where this was already discussed.
Also: Better hurry up and rent some more miners, the clock is ticking down!
Got.. To.. Stay.. Awake.... Little... Longer...Must... trade... entire... future... for... promises.. by.... guy.. with... vest....
December 18, 2014, 04:56:09 PM
Gaw did not, or does not now hold a 100% of the hashing power in the pool,one of the reasons the coin forked was that people were throwing so much power at the pool it overtook Gaw and caused a fork
Umm, that ends tomorrow Einstein. After that they will indeed control 100% of the "pool" hashing power.
I am more convinced that Idiocracy is upon us every time I read one of these posts written by someone who is completely oblivious to what is going on, yet is convinced they are Wile E Coyote, Super Genius.
Oh, and to get the honor of being able to mine in this pool , all you have to do is buy one of these and "stick coins in it". for a long period of time.
Never mind that these cute little machines are nothing more than a fancy CAD rendering and do not actually exist.
Then you truly have no idea of what you speak.
Please go download the wallet, obtain a coin, and stake on your own.
I have the wallet downloaded. I have mined coins. Exactly how do I stake them without going through GAW? I do not see that functionality in the wallet. Please explain the process in simple terms, I would love to try it.
December 18, 2014, 04:54:51 PM
I think we have a winner
I'm not so sure what is a "winner" about the question. You don't stake USD.
December 18, 2014, 04:52:41 PM
Gaw did not, or does not now hold a 100% of the hashing power in the pool,one of the reasons the coin forked was that people were throwing so much power at the pool it overtook Gaw and caused a fork
Umm, that ends tomorrow Einstein. After that they will indeed control 100% of the "pool" hashing power.
I am more convinced that Idiocracy is upon us every time I read one of these posts written by someone who is completely oblivious to what is going on, yet is convinced they are Wile E Coyote, Super Genius.
Oh, and to get the honor of being able to mine in this pool , all you have to do is buy one of these and "stick coins in it". for a long period of time.
Never mind that these cute little machines are nothing more than a fancy CAD rendering and do not actually exist.
Then you truly have no idea of what you speak.
Please go download the wallet, obtain a coin, and stake on your own.
December 18, 2014, 04:49:52 PM
I have no doubt that you do not understand what I am saying, that is quite obvious. The entire Paycoin mining system is in essence a single pool controlled by GAW, which is the primary coin holder. It does not matter what fancy catch phrases are used to describe it.
I'd have to disagree with you here. During POW, you can mine your coins into existence using any pool you choose into your own personal wallet. All of this is outside GAW's control. During POS, you are free to stake your coins in your own personal wallet, which is also outside GAW's control.
December 18, 2014, 04:31:25 PM
This will be GAW when they receive all those cease and desists from the retailers and merchants that they're trying to convince people support Paycoin (while it breaks the merchant's Terms of Service).
Victim:
Victim:
hero member
Activity: 672
Merit: 500
ADAMANT — the most secure and anonymous messenger
December 18, 2014, 04:31:11 PM
My Crystal Ball said..."READ THIS" ...:
http://www.coindesk.com/florida-group-faces-fraud-charges-alleged-altcoin-pump-dump/
Enjoy...
ZiG
EDIT...: ...Sounds familiar ...
http://www.coindesk.com/florida-group-faces-fraud-charges-alleged-altcoin-pump-dump/
Enjoy...
ZiG
EDIT...: ...Sounds familiar ...
ya saw that earlier and posted it back about 8 pages .... but yes I said the same thing "sounds familiar" indeed lol
December 18, 2014, 04:31:01 PM
I just want to convert my hp into xpy and dump them then I can be done with this company and this thread once and for all.
Youll Miss us.
I don't know what I'll do with all the time. Maybe learn how to play the piano or another language or maybe I'll launch my own shit coin or ponzi. Grinning.
December 18, 2014, 04:29:04 PM
I just want to convert my hp into xpy and dump them then I can be done with this company and this thread once and for all.
Youll Miss us.
December 18, 2014, 04:26:21 PM
I just want to convert my hp into xpy and dump them then I can be done with this company and this thread once and for all.
December 18, 2014, 04:20:03 PM
At least there starting to question things a little bit its a start.Might be to late but its a start.
Come Monday Mt GAW is probably going to Explode over there.
Tinfoil hat time
GAW
GOX
Both Start with G and can start with MT.
Come Monday Mt GAW is probably going to Explode over there.
Tinfoil hat time
GAW
GOX
Both Start with G and can start with MT.
December 18, 2014, 04:16:22 PM
December 18, 2014, 03:52:53 PM
This post is a great example of the style of argument found on HT. There must be a manual or something they distribute on how to make rhetorical points without addressing anything of substance.
To Wit:
No one is launching a smear campaign. There are not "baseless fodder" being discussed. What *has* been discussed is the lack of any mechanism for GAW to support its payouts and miners sold, the problems with Paycoin and Paybase, etc. You say "baseless fodder" but are you really saying that the 380 pages here is baseless fodder? That is a rhetorical trick to get around addressing all of the specific and detailed problems that have been discussed in 380 pages. Similar tricks include labeling everyone that posts anything negative as a troll or the substance of the text as "FUD".
What you are essentially arguing is that no one should make any public questioning until there is 100% proof that GAW is a Ponzi or fraud. That of course is ridiculous as I am sure you would agree. When GAW hits each and every red flag pronounced by the FTC/SEC, its time to have an open discussion and its not FUD and not trollers. Where there is smoke there is often fire. Not every time, but enough that it doesn't hurt to tell people there might be fire when you see lots of smoke.
Address arguments and stop the throat clearing meaningless rhetoric of FUD, trolls, baseless fodder, etc.
You do realize most of us are/were customers of GAW? Why would we spread FUD, troll, and engage in baseless fodder? We are not competitors, we are not hateful. We are concerned. Most of us anyway.
As far as your ability to get a refund ... that is true as long as the number of folks seeking refunds is small. What happens if EVERYONE wants a refund? Do you see how the ability to get a refund does not really address in any way the concerns here that GAW might be running a Ponzi? Unless GAW can demonstrate that they can cash EVERYONE OUT at one time, refunds to a few are irrelevant marketing gimmicks aka Volder's offer.
Many here have tried that approach and been banned or shadowbanned for it. Most of us posting here thought at one time or another that GAW had some good ideas. But no one on HT wants to talk about problems in a serious way. In the past, Josh would just offer compensation to shut up customers with bad experiences on this forum (look it up, its true and I can show you my PMs if you don't believe it); now he can just ban, its much easier.
Really? Using statistics to distort doesn't help your case. Why don't you have GAW commission third party independent poll of current and former customers and see what those 20,000 (200,000??) customers really think. You cannot compare posters on this forum as a percentage of overall customers. Count the number of posters in this thread and the number of bans on HT, and compare that to the number of regular positive posters and you MAY have meaningful comparison. You cannot talk about 20,000 customers because most are silent - good or bad. The number of regular posters that are negative is at least equal to the number of posters that are positive even including HT posts. That is not a good statistic.
To Wit:
The only point I'm here to make is being made. Anyone can launch a smear campaign, with baseless fodder. The reason we can all talk about pyramid schemes, and ponzi schemes is because there was proof. Not just opinions. When you look for proof the allegations here fall apart. I would refund my purchases if there was proof.
No one is launching a smear campaign. There are not "baseless fodder" being discussed. What *has* been discussed is the lack of any mechanism for GAW to support its payouts and miners sold, the problems with Paycoin and Paybase, etc. You say "baseless fodder" but are you really saying that the 380 pages here is baseless fodder? That is a rhetorical trick to get around addressing all of the specific and detailed problems that have been discussed in 380 pages. Similar tricks include labeling everyone that posts anything negative as a troll or the substance of the text as "FUD".
What you are essentially arguing is that no one should make any public questioning until there is 100% proof that GAW is a Ponzi or fraud. That of course is ridiculous as I am sure you would agree. When GAW hits each and every red flag pronounced by the FTC/SEC, its time to have an open discussion and its not FUD and not trollers. Where there is smoke there is often fire. Not every time, but enough that it doesn't hurt to tell people there might be fire when you see lots of smoke.
Address arguments and stop the throat clearing meaningless rhetoric of FUD, trolls, baseless fodder, etc.
You do realize most of us are/were customers of GAW? Why would we spread FUD, troll, and engage in baseless fodder? We are not competitors, we are not hateful. We are concerned. Most of us anyway.
As far as your ability to get a refund ... that is true as long as the number of folks seeking refunds is small. What happens if EVERYONE wants a refund? Do you see how the ability to get a refund does not really address in any way the concerns here that GAW might be running a Ponzi? Unless GAW can demonstrate that they can cash EVERYONE OUT at one time, refunds to a few are irrelevant marketing gimmicks aka Volder's offer.
The people making reports could do things in a way that addresses both sides of a story not just the typical one sided view. All companies have problems, its how they resolve these issues that matters.
Many here have tried that approach and been banned or shadowbanned for it. Most of us posting here thought at one time or another that GAW had some good ideas. But no one on HT wants to talk about problems in a serious way. In the past, Josh would just offer compensation to shut up customers with bad experiences on this forum (look it up, its true and I can show you my PMs if you don't believe it); now he can just ban, its much easier.
Out of the claimed 200,000 customers of theirs I see 50, maybe 100 people pissed about different issues. 4 have reported them in the typical legitimate old school ways. 3 resolved satisfactorily Maybe more have secretly. And when that information comes available publicly I will accept it if its factual. I believe most huge retailers would love to have those stats.
Really? Using statistics to distort doesn't help your case. Why don't you have GAW commission third party independent poll of current and former customers and see what those 20,000 (200,000??) customers really think. You cannot compare posters on this forum as a percentage of overall customers. Count the number of posters in this thread and the number of bans on HT, and compare that to the number of regular positive posters and you MAY have meaningful comparison. You cannot talk about 20,000 customers because most are silent - good or bad. The number of regular posters that are negative is at least equal to the number of posters that are positive even including HT posts. That is not a good statistic.
December 18, 2014, 03:50:57 PM
Good article, thanks for the link. Carefully tip-toeing around red flags, but fairly balanced. Could it be that Coindesk isn't carrying GAW ads anymore?
December 18, 2014, 03:43:34 PM
Ok, so say I make something that violates the terms of service of amazon and sell it to thousands of people. The people using it get in trouble but I get off free as a bird?
It goes back to the age old argument: Do guns kill people, or do people who use guns kill people?
Quote
That's not how it works my friends 
and regardless of how you read the ToS they're actually interfering with the transactions of the website, not just doing a Google search. LOL how delusional are these shills? Ignored, but feel free to post your useless rebuttal for other people to read. I have no need for futile bickering. I have all the photographic proof I need. Have a good day shills (or should I say Homero Joshua Garza's secondary accounts).
and regardless of how you read the ToS they're actually interfering with the transactions of the website, not just doing a Google search. LOL how delusional are these shills? Ignored, but feel free to post your useless rebuttal for other people to read. I have no need for futile bickering. I have all the photographic proof I need. Have a good day shills (or should I say Homero Joshua Garza's secondary accounts).That is how it works. When *YOU* accept the TOS from Walmart, *YOU* are entering a legal contract with Walmart that *YOU* will obey their terms. GAW did not enter that contract.
We had the same concerns. After speaking to lawyers at Amazon extensively they've explained it in a way that makes sense to us at least.
The source code for the plugin has to communicate with an outside GAW owned server... meaning that even though the plugin is hosted on the computer of the end-user that GAW is now also "accessing the site" and that makes them liable to follow the TOS just as everyone else does.
The source code from the plugin ZincSave was already downloaded and audited by Amazon (back when it first was a thing before it went offline) and a third party so they are intimately familiar with how it works and the API calls it makes online.
We hope to have our full report online soon. We just got confirmation from Best Buy this morning regarding the situation and a comment from them and are still waiting to hear back from Target once again.
I'd just like to thank Coinfire for their reporting on this and suchmoon for this thread.
UH OH, I THINK WE ARE ONTO SOMETHING BOYS lmfao. So what happens when GAW gets Cease and Desists from all the retailers that it's coin is supposed to be used at?
December 18, 2014, 03:36:12 PM
I would like to know if GAW is going to ask for personal information how are they going to protect it. They Still have said nothing about that.
Jimmothy - Thanks for bringing up the MSB also. No one on HT has gave me a straight answer yet as to who they are doing business as.
Jimmothy - Thanks for bringing up the MSB also. No one on HT has gave me a straight answer yet as to who they are doing business as.
Why, after they have every bit of data necessary to steal your identity they will of course lock it up in one of these cute little buggers:
These are very secure and there is an infinite amount of storage room in them even though they will be stuffed with Staked Paycoins, because they are completely imaginary and are actually just CAD renderings. You can't break in to something that does not exist right? See, Josh has the security issue all figured out. Go ahead and send your SSN and scan of Driver's License, Bank Numbers, Mothers Maiden Name, etc etc. No worries!
Again: The difference between what Josh is doing and stealing candy from a baby is that a baby has the common sense to cry when you steal his lollypop.
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