This is the worst comedy series I've ever watched. Who hired these bad actors?
Come on, this is one of those cringe-inducing shows. It's really good at that
Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2202. (Read 3377790 times)
December 13, 2014, 01:24:59 AM
Come on, this is one of those cringe-inducing shows. It's really good at that
December 13, 2014, 01:20:27 AM
"We are mining for our coins. All pre-mined coins belong to pre-purchased investors and customers"
In other words:
"We have premined 95% of the total coin supply AND we will be mining 90% of the remaining coins during the public POW stage"
In other words:
"We have premined 95% of the total coin supply AND we will be mining 90% of the remaining coins during the public POW stage"
December 13, 2014, 01:19:58 AM
ht is bak up they deleted the tos thread
December 13, 2014, 01:18:52 AM
Hahaha looks like this GAW kid is busy blocking people from tweeting back 10% of ALL Bitcoin mining went to paycoin. That's like saying I just opened a corner store and 10% of all Walmart customers just showed up I just cant prove it. And my store is empty. And I don't have a store. And, never mind its all a big lie.
10% of ALL Bitcoin mining went to paycoin. That's like saying I just opened a corner store and 10% of all Walmart customers just showed up I just cant prove it. And my store is empty. And I don't have a store. And, never mind its all a big lie. December 13, 2014, 01:18:33 AM
is there a link to the archived tos topic? I missed it.
it was in paycoin thread ht is down atm josh posted 2 more tweets btwI think he's getting tangled in his own lies.
https://twitter.com/gawceo/status/543643874204602368
Quote
Between all the Paycoin forks, there was about 10% of the bitcoin network mining
1) there wasn't; 2) definitely not something to brag about anyway.
https://twitter.com/gawceo/status/543644517162029056
Quote
We are mining for our coins. All pre-mined coins belong to pre-purchased investors and customers
Yeah, right. Except customers are still mining HPs, so how did you know in advance how much to premine and how did it magically came to a round number like 12 million?
BTW I suggest to read those twitter threads, there are some good replies, it's not all praise like it used to be.
December 13, 2014, 01:16:25 AM
This is the worst comedy series I've ever watched. Who hired these bad actors?
December 13, 2014, 01:06:05 AM
is there a link to the archived tos topic? I missed it.
it was in paycoin thread ht is down atm josh posted 2 more tweets btw December 13, 2014, 01:01:19 AM
is there a link to the archived tos topic? I missed it.
December 13, 2014, 12:53:59 AM
Didn't see anyone bring this up. I recently looked at zenportals ToS. https://zenminer.com/cloud/terms.html Here's what I found.
4. Certain Risks Associated with HashStakers
4.1 Risk of Regulatory Action. Cryptocurrencies have been the subject of regulatory scrutiny by various regulatory bodies, both in the United States and internationally. HashStakers could by impacted by one or more regulatory inquiries or actions, which could (i) impede or limit the Company’s ability to continue to provide the HashStakers, or (ii) prevent the distribution, sale or use of Paycoin.
"If we get looked at by SEC, dont get mad if we cant pay you"
4.2 Risk of Theft. Hackers or other groups or organizations may attempt to steal Paycoins staked in Prime Controllers and HashStakers. To account for this risk, the Company has and will continue to implement comprehensive security precautions to safeguard Prime Controllers and HashStakers.
How kind of you! Isn't that why we are paying you to host our hardware in the first place?
4.3 Risk that Paycoin May Never be Completed or Released. Purchaser understands that, while the Company will make reasonable efforts to complete the Paycoin software, it is possible that an official completed version of Paycoin may not be released and there may never be an operational Paycoin, Prime Controller, or HashStaker.
WTF?? Really? Ponzi Complete. Commencing Exit Strategy.
4.4 Paycoins May Have No Value. Paycoin is a new cryptocurrency and its value is determined by supply and demand. At any point after its release, it is possible that the market price of a Paycoin may be zero. Because the value of Paycoin may be zero, the value of a stake, in Paycoins, from a HashStaker may also be zero.
Zero huh? What about 20$ and fiat reserves for the floor?
4.5 No Liquidity. Because HashStakers and Prime Controllers are staking wallets, the Paycoins deposited at a HashStaker address will be locked for a length of time, which may be up to 6 months. During the staking period, Purchaser will not have the ability to withdraw or transfer those Paycoins.
This to me is total crap! How can they be allowed to do this? Why don't they allow early withdrawl with a penalty or something?
4.6 Volatility. During a staking period, the market value of locked Paycoins may fluctuate dramatically. The value of the deposited Paycoins after the staking period may be less than the value of the Paycoins before they were deposited.
Makes sense... yet this simple fact is not understood by the community @ HT.
4.7 No Guaranteed Return. Because proof-of-stake networks award new coins based on the size of a stake relative to other stakes, the Company cannot guarantee that the Prime Controller, and thus a HashStaker, will receive a portion of new Paycoins released during any staking period. Prime Controllers stake against other nodes. Third parties may control nodes that have much larger stakes than Prime Controllers and therefore receive a higher portion of new Paycoins.
Decided now was the time to remove "always profitable" ? Maybe this is proof they aren't a ponzi
TLDR; Very sketchy ToS that I dont think many people read but it gives us a glimpse of how GAW is currently being run
4. Certain Risks Associated with HashStakers
4.1 Risk of Regulatory Action. Cryptocurrencies have been the subject of regulatory scrutiny by various regulatory bodies, both in the United States and internationally. HashStakers could by impacted by one or more regulatory inquiries or actions, which could (i) impede or limit the Company’s ability to continue to provide the HashStakers, or (ii) prevent the distribution, sale or use of Paycoin.
"If we get looked at by SEC, dont get mad if we cant pay you"
4.2 Risk of Theft. Hackers or other groups or organizations may attempt to steal Paycoins staked in Prime Controllers and HashStakers. To account for this risk, the Company has and will continue to implement comprehensive security precautions to safeguard Prime Controllers and HashStakers.
How kind of you! Isn't that why we are paying you to host our hardware in the first place?
4.3 Risk that Paycoin May Never be Completed or Released. Purchaser understands that, while the Company will make reasonable efforts to complete the Paycoin software, it is possible that an official completed version of Paycoin may not be released and there may never be an operational Paycoin, Prime Controller, or HashStaker.
WTF?? Really? Ponzi Complete. Commencing Exit Strategy.
4.4 Paycoins May Have No Value. Paycoin is a new cryptocurrency and its value is determined by supply and demand. At any point after its release, it is possible that the market price of a Paycoin may be zero. Because the value of Paycoin may be zero, the value of a stake, in Paycoins, from a HashStaker may also be zero.
Zero huh? What about 20$ and fiat reserves for the floor?
4.5 No Liquidity. Because HashStakers and Prime Controllers are staking wallets, the Paycoins deposited at a HashStaker address will be locked for a length of time, which may be up to 6 months. During the staking period, Purchaser will not have the ability to withdraw or transfer those Paycoins.
This to me is total crap! How can they be allowed to do this? Why don't they allow early withdrawl with a penalty or something?
4.6 Volatility. During a staking period, the market value of locked Paycoins may fluctuate dramatically. The value of the deposited Paycoins after the staking period may be less than the value of the Paycoins before they were deposited.
Makes sense... yet this simple fact is not understood by the community @ HT.
4.7 No Guaranteed Return. Because proof-of-stake networks award new coins based on the size of a stake relative to other stakes, the Company cannot guarantee that the Prime Controller, and thus a HashStaker, will receive a portion of new Paycoins released during any staking period. Prime Controllers stake against other nodes. Third parties may control nodes that have much larger stakes than Prime Controllers and therefore receive a higher portion of new Paycoins.
Decided now was the time to remove "always profitable" ? Maybe this is proof they aren't a ponzi
TLDR; Very sketchy ToS that I dont think many people read but it gives us a glimpse of how GAW is currently being run
This is funny. PayCoins can be worthless. Well, no duh! CashTakers may return nothing to you but we will keep the coins locked up for six months. ROFL.
December 13, 2014, 12:47:33 AM
next zenminers.com will go offline and josh twitter page goes missing
Was just thinking that. Remember to archive everything you think is interesting. There's already a huge GAW collection of deleted goodies.
https://archive.today/
We saved over 200 pages
Wish we would of saved more from old forum and TOS'
December 13, 2014, 12:46:51 AM
dude josh is irritatetateing
December 13, 2014, 12:44:51 AM
next zenminers.com will go offline and josh twitter page goes missing
Was just thinking that. Remember to archive everything you think is interesting. There's already a huge GAW collection of deleted goodies.
https://archive.today/
December 13, 2014, 12:44:07 AM
next zenminers.com will go offline and josh twitter page goes missing
That's considered normal behavior. Except his twitter page going missing. December 13, 2014, 12:40:01 AM
next zenminers.com will go offline and josh twitter page goes missing
December 13, 2014, 12:36:44 AM
Boy don't we all feel sooooooooooo stupid for ever doubting GAW.
I'm for sure suffering from foot in mouth. Oh wait, that's Garbozo not me.
I'm for sure suffering from foot in mouth. Oh wait, that's Garbozo not me.
December 13, 2014, 12:31:57 AM
Hey 10BTCADAY do you want to try and relaunch paycoin(s) now we know he can't sue as the trademark claim is BS. I bet we can at least have a successful mining round for a whole 24 hours? What do ya say?
/////<
Ignore his baseless legal threats its just scare tactics because he really has no war chest nor ground to stand on. The paycoin(s) altcoin lasting longer is more proof his coin is just a joke. Anyone else onboard?
I'm still gonna throw in a vest for our CEO
Cmon 10btcaday
step up glorious leader your announment on the coin was just too funny. December 13, 2014, 12:31:47 AM
It's to the point where if you're still in you're the dumbest person I know. I know drug addicts smarter than that. Maybe if you accidently locked your money in for 6 months then you're ok, you probably just got tricked, but there was plenty of red flags before that decision. Now this is the "titanic of industry". Josh lies about CNN. He lies about the PH/s on the PayCoin network before it failed. What else did he lie about? I know there are at least 5 more, in the very least, it just is slipping my mind.
December 13, 2014, 12:31:18 AM
http://theactionelite.com/site/wp-content/uploads/2013/03/titanic-sinking.jpg
"Most successful ship voyage in history!" - GAW CEO
"Most successful ship voyage in history!" - GAW CEO
"Most successful fork and stall in history!"
Ahh i never understood the thermonuclear function of paycoin until you showed it in action in that video.
December 13, 2014, 12:29:29 AM
Hey 10BTCADAY do you want to try and relaunch paycoin(s) now we know he can't sue as the trademark claim is BS. I bet we can at least have a successful mining round for a whole 24 hours? What do ya say?
/////<
Ignore his baseless legal threats its just scare tactics because he really has no war chest nor ground to stand on. The paycoin(s) altcoin lasting longer is more proof his coin is just a joke. Anyone else onboard?
I'm still gonna throw in a vest for our CEO
Cmon 10btcaday
step up glorious leader your announment on the coin was just too funny. December 13, 2014, 12:28:33 AM
this coin is sooo f'ing popular that josh literally just broke the internet!!!! give me some more kool aid!!!!
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