Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2119. (Read 3377790 times)

Bingo I am right on target now 

2,090.90  GH/s

Because GAW is now crossing over into Banking. BTC for USD

Yes, I agree. I think the KYC thing will be his doom. It goes both ways. He will be forced to reveal what he is. The followers are already starting to revolt:

https://hashtalk.org/topic/23948/kyc-regulations/5

When people say they sell their hashprime or whatever for $10 are they able to withdraw $10 somehow or are they withdrawing $10 worth of btc? Same question for buying the previous nonsense?

if the payments and withdrawals were done with btc previously why is there a need for verification now that didn't exist last month?

Sweeeeett  

EDIT: actually I logged into 3 exchanges of mine and sold off some scrap coins that have been sitting, just never got back to selling , and sold them and got enough to test out lol

In two days I turned .19 into .58 btc.

I finally did it I just rented my first hashes on west hash. pretty cool, so far so good. Just testing. I rented 2 TH for one hour, 3rd tier price. Hashing on suchpool. Will let ya know if I make any pcoin hence btc lol I only need to earn .55 pcoin to break even. w shall see. Just never rented, guess this has motivated me to try if nothing else. I still think gaw is a farse. lol 

Yep and here's the bs obstacle to keep the money in-house. I bet there is some sort of charge or lower conversion fee if you try to move the xpy to the desktop wallet.

Stall anyone?

Answering to your questions, since you all post here only what you want misleading others:

"@GAWCEO said:
One thing that may not be clear. You CAN move from XPY to BTC under a certain limit with no KYC"

And i'm off to let trolls troll.

cya.,

That was a totally plausible scenario.

Now that the coin has been opened up for mining, why is he still playing coy with all of this? If his grand master plan is solid, he should lay it all out there for everyone to see. Sunshine that bad-boy and let the cleansing power of the truth set him free! .. or perhaps he knows that he hasn't quite been honest with the faithful. Maybe it isn't as rosy as he's been forecasting and he is playing it by ear to pull out a hail mary pass to win the game?

I am amazed that XPY on coin-swap didn't bottom out. It is a testament to the faithful who have propped up the coin based on Josh's charismatic words that this coin will be worth $20 no matter what. Hell, that's like a 100% guarantee as far they are concerned. If they were *true* believers, the coin would be at or near $20, so maybe the faith isn't as strong as he was hoping.

Question: aren't the block rewards for XPY supposed to be changing depending on network demand? Seems like 49 XPY reward every time.

This is only being sold to his base. Not to the crypto world. This is a cult driven mentality. He is a wonderful bullshit artist and skirts the edge of lies if not down right lies on every announcement. The music is going to stop soon!!

KYC as described by the Patriot Act.
http://www.bankrate.com/brm/news/bank/20030930a1.asp

Same rules apply.

There's no money for the floor/wall. Look if we look at things from up high I think we can get some perspective. If i was the ceo whose company was failing, who had no morals, I would do anything to try to keep it afloat. Let me play that person for a moment.

Let's assume for a minute there is no $100,000,000 reserve, no big investors. But I got a lot of little fish on zenminers. My cloud mining business didn't work out so well, the price of bitcoin made it come crashing down. It looked like I would be sued out of business. So I came up with this hashpoint business quick.

Give em hash points to shut them up. Gives me time to plan a new idea. The investors rumble but go along. Many of them invested credit card money in my cloud miners so what choice do they really have? They are all in.

What can make me a lot of money quick? Hmm, i know an ICO! Lots of scammers are making a fortune that way! So I put together a plan to make a quick clone coin and I hype it to my investors. I tell them all sorts of lies, things they need to hear, like there are big financial companies backing me, a $100 million dollar wall to explain why this coin will be different, partnerships with big merchants such as amazon, etc. Nothing that I have to prove or can't wiggle my way out of down the line.

Now things are going good and it looks like i might actually be able to pull my coin off. Somehow I got to keep it from crashing and there's that little problem with the hashpoints. There's no actual wall of money  that is going to keep the price of the coin up. Hopefully I can work out something down the road though cause we are talking about millions of dollars when those hashpoints are converted.

Now everything he has done recently indicates that he is getting backed into this corner. The delays, the bannings and increased censorship of the site, the hyping of the lame plugin, the lack of any real announcements that he had promised, the careful wording when he talks about the wall/floor, the way he cruises around the site trying to figure out what everyone's thinking. He knows one thing: he can't allow a bank run. He has to keep the faithful in tow and not let them take their money out or he will be lost. He thinks he has them under control but he's not sure. The miners certainly didn't react the way he expected. Would they? Everything depends on it. Maybe if he plays things just right he can get that currency balanced and become an instant billionaire.

Everything he has done is exactly what I would have tried if I were trying to scam my investors. That's one of the reasons why it's so obvious what he's doing. You can argue that it's not a scam because he believes in it, actually believes his followers will make a ton of money. This is true. But by lying to investors, telling them whatever they need to hear, making promises he knows he'll never keep, it clearly becomes a scam no matter his state of mind.

Anyway, just my 2sats.

Well almighty Josh did just post this:
 "Just like Coinbase, you will need to verify your account to trade Paycoin for BTC or fiat, (no groaning here, it’s the law. )"


That bolded part is the funny part.. funny how i didn't need an id /whatever to send you btc to get xpc..

Also if that's  the law then ALL exchanges are forked"stalled".

Icon

https://hashtalk.org/topic/23945/paybase-12-22-14/2

PS

He "gifted" us another 2 days won't be able to exchange those hp's to xpc till Monday 22th.

https://hashtalk.org/topic/23940/small-exchanges-allowing-the-dumping-of-xpy-it-is-a-gift/1

Can we get a review of how many different ways this has been predicted since the announcement of "hashpoints convert to Hashcoin"

Withdraw to your wallet on your machine and sell at coin swap, the faithful will buy at first and giggle while they do it, at first.
I'm happy to be "Flushed" with the rest of the dumpers. If I can recoup the value I would have made mining with out this whole half cocked circus.

I wonder if Josh ever wonders if life would be less stressful if he had just let us mine on his hardware, like we were paying him for?

https://hashtalk.org/topic/23945/paybase-12-22-14

Classic.. This way they can control the coin from being dumped. This is BS

This is just another reason not to pay people their Bitcoin or not to buy your Paycoin at $20. Want to withdrawl, sorry, fill out all the info first so we can never approve it. Want to sell Paycoin, sorry that is only for "KYC" customers, not you! Good luck!