GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2216.

jackbox

legendary

Activity: 1246

Merit: 1024

Quote from: bumpershot on December 12, 2014, 12:53:33 PM

This "for the miners" is total crap. He sucked almost all of the reward out of the mining phase.

It doesn't change the math for anyone else, but for people in the general public who want to mine some, there's not much left to mine (and they'll be competing with GAW).

He just should have cancelled PoW instead of having this pointless exercise.

In JoshSpeak the people that own CashTakers are "mining" the coin by staking? Make sense?

bumpershot

hero member

Activity: 532

Merit: 500

They might have enough reserve to handle the first wave of dumping. They might even be able to handle the wave three months from launch. Six months from launch, this coin dies.

jackbox

legendary

Activity: 1246

Merit: 1024

Quote from: bumpershot on December 12, 2014, 12:46:32 PM

Quote from: jackbox on December 12, 2014, 12:29:56 PM

WTF? From GAW-CEO at HT forums.

Quote

Question: So 5.5 million of the 12.5 million will be minted in the POW phase. So I WANT at 1 million.

Answer: We had to reserve far more, almost double. We had a lot of large investors come in at the end. We extended the customer mining period. We also gave out coins to prime owners

So what's the point of the PoW phase? There's about 1.5 million coins, and GAW's going to throw all of the hashpower they free up from converting Genesis, plus any they had for their own mining, plus whatever portion of ZenPool that's SHA-256 and freed up from converting Zens and Primes. That's a lot of cycles, and they're probably going to come away with almost all of those coins. Why didn't they just "reserve" them, too, and skip the PoW? What's the point of it?

Do you really believe GAW has any hashpower to speak of. I say not.

NeonTranceBadger

full member

Activity: 168

Merit: 100

Quote from: 10BTCaDay on December 12, 2014, 12:56:04 PM

Could we somehow advertise Gawminers as a scam?

Could we crowdfund a advertising, could someone please make a blog with all their lies, you can easily host it on a anon site.

I'll pay for your blog to become first on google when you search Gawminers/paycoin/zencloud.

I'll say its a Christmas gift to cryptocurrency.

I agree there has to be some sort of way to get this information to the masses easily. I know pretty much nothing about setting up a blog but blogspot seems to be pretty good and twitter is a good way to get stuff out to the masses quickly.

10BTCaDay

full member

Activity: 770

Merit: 100

Oikos.cash | Decentralized Finance on Tron

Could we somehow advertise Gawminers as a scam?

Could we crowdfund a advertising, could someone please make a blog with all their lies, you can easily host it on a anon site.

I'll pay for your blog to become first on google when you search Gawminers/paycoin/zencloud.

I'll say its a Christmas gift to cryptocurrency.

dekay

newbie

Activity: 14

Merit: 0

Quote from: bumpershot on December 12, 2014, 12:53:33 PM

This "for the miners" is total crap. He sucked almost all of the reward out of the mining phase.

It doesn't change the math for anyone else, but for people in the general public who want to mine some, there's not much left to mine (and they'll be competing with GAW).

He just should have cancelled PoW instead of having this pointless exercise.

there is no magic 20$ free market paycoins

bumpershot

hero member

Activity: 532

Merit: 500

This "for the miners" is total crap. He sucked almost all of the reward out of the mining phase.

It doesn't change the math for anyone else, but for people in the general public who want to mine some, there's not much left to mine (and they'll be competing with GAW).

He just should have cancelled PoW instead of having this pointless exercise.

dekay

newbie

Activity: 14

Merit: 0

there is no fiat reserve the community must create it paycoins = 1 penny if that

keshuker

sr. member

Activity: 395

Merit: 250

aka. dibdab

Quote from: bumpershot on December 12, 2014, 12:46:32 PM

What's the point of it?

Smoke and mirrors to make their coupons look like they have something to do with cryptocurrencies

bumpershot

hero member

Activity: 532

Merit: 500

Quote from: jackbox on December 12, 2014, 12:29:56 PM

WTF? From GAW-CEO at HT forums.

Quote

Question: So 5.5 million of the 12.5 million will be minted in the POW phase. So I WANT at 1 million.

Answer: We had to reserve far more, almost double. We had a lot of large investors come in at the end. We extended the customer mining period. We also gave out coins to prime owners

So what's the point of the PoW phase? There's about 1.5 million coins, and GAW's going to throw all of the hashpower they free up from converting Genesis, plus any they had for their own mining, plus whatever portion of ZenPool that's SHA-256 and freed up from converting Zens and Primes. That's a lot of cycles, and they're probably going to come away with almost all of those coins. Why didn't they just "reserve" them, too, and skip the PoW? What's the point of it?

NeonTranceBadger

full member

Activity: 168

Merit: 100

Quote from: WaffleMaster on December 12, 2014, 12:37:02 PM

So instead of paying to people to shill, he's just bribing them. Oh ok, that seems more legit now.

Quote from: 10BTCaDay on December 12, 2014, 12:36:45 PM

Thats it, I can't follow this thread anymore. I've read enough and I'm going to try to stay as far away from Gawminers as possible.
It bugs the shit out of me that I don't have enough funds/resources to shut them down and its going to eat me alive to watch the downfall of it all.

I wish you all the best of luck and have a Merry X-Mas

Likewise. Good luck everybody. Sorry to all the people that are being hurt by GAW.

Unfortunately we have to bear through it. It hurts us all to see this people getting screwed over by Josh but we have to stick together and gather much information to report to the SEC to take GAW down. I got a friend into GAW back when they first started cloud mining and since then he has invested a lot of money into it and has fallen for all the promises Josh has made. I've tried everything to convince him to leave but he is to blinded by the promises. If we give up now this will continue and more people will invest and make bad decisions. We must do everything we can to destroy GAW and make sure they don't cause more harm to others.

truth_

newbie

Activity: 42

Merit: 0

Quote from: jackbox on December 12, 2014, 12:29:56 PM

WTF? From GAW-CEO at HT forums.

Quote

Question: So 5.5 million of the 12.5 million will be minted in the POW phase. So I WANT at 1 million.

Answer: We had to reserve far more, almost double. We had a lot of large investors come in at the end. We extended the customer mining period. We also gave out coins to prime owners

And sadly from someone on the same thread.

Quote

I have enough for myself, but my parents and my little sisters will be investing / buying about $2k each with a view to seeing their investment double in the next 12-18 months or so.

I feel sorry for the parents and little sisters he conned into investing in this windfall.

By large investors does he mean the paycoin that he gave out for "free" with every converted prime?
Don't worry though he will just pull more marketcap out of his magic hat to maintain that stated value of $20 per coin.

jackbox

legendary

Activity: 1246

Merit: 1024

so by his admission the coin will be at least 88% premined at launch. Way to start a new crypto coin on the wrong foot. The lemmings are happy because he is giving them so many coins for "free."

WaffleMaster

hero member

Activity: 966

Merit: 546

So instead of paying to people to shill, he's just bribing them. Oh ok, that seems more legit now.

Quote from: 10BTCaDay on December 12, 2014, 12:36:45 PM

Thats it, I can't follow this thread anymore. I've read enough and I'm going to try to stay as far away from Gawminers as possible.
It bugs the shit out of me that I don't have enough funds/resources to shut them down and its going to eat me alive to watch the downfall of it all.

I wish you all the best of luck and have a Merry X-Mas

Likewise. Good luck everybody. Sorry to all the people that are being hurt by GAW.

10BTCaDay

full member

Activity: 770

Merit: 100

Oikos.cash | Decentralized Finance on Tron

Quote from: jackbox on December 12, 2014, 12:29:56 PM

WTF? From GAW-CEO at HT forums.

Quote

Question: So 5.5 million of the 12.5 million will be minted in the POW phase. So I WANT at 1 million.

Answer: We had to reserve far more, almost double. We had a lot of large investors come in at the end. We extended the customer mining period. We also gave out coins to prime owners

And sadly from someone on the same thread.

Quote

I have enough for myself, but my parents and my little sisters will be investing / buying about $2k each with a view to seeing their investment double in the next 12-18 months or so.

I feel sorry for the parents and little sisters he conned into investing in this windfall.

Thats it, I can't follow this thread anymore. I've read enough and I'm going to try to stay as far away from Gawminers as possible.
It bugs the shit out of me that I don't have enough funds/resources to shut them down and its going to eat me alive to watch the downfall of it all.
What he is doing on the forums and with his company is FRAUD. Gawminers makes us(Americans) look bad.

I wish you all the best of luck and have a Merry X-Mas

keshuker

sr. member

Activity: 395

Merit: 250

aka. dibdab

Quote

Question: So 5.5 million of the 12.5 million will be minted in the POW phase. So I WANT at 1 million.

Answer: We had to reserve far more, almost double. We had a lot of large investors come in at the end. We extended the customer mining period. We also gave out coins to prime owners

Ahahahaha and the sheeps don't even react to the fact that their beloved leader just cut their calculated profits in half

jackbox

legendary

Activity: 1246

Merit: 1024

WTF? From GAW-CEO at HT forums.

Quote

Question: So 5.5 million of the 12.5 million will be minted in the POW phase. So I WANT at 1 million.

Answer: We had to reserve far more, almost double. We had a lot of large investors come in at the end. We extended the customer mining period. We also gave out coins to prime owners

And sadly from someone on the same thread.

Quote

I have enough for myself, but my parents and my little sisters will be investing / buying about $2k each with a view to seeing their investment double in the next 12-18 months or so.

I feel sorry for the parents and little sisters he conned into investing in this windfall.

dekay

newbie

Activity: 14

Merit: 0

Quote from: bitpop on December 12, 2014, 11:40:36 AM

Quote from: suchmoon on December 12, 2014, 11:16:02 AM

Quote from: NeonTranceBadger on December 12, 2014, 11:01:45 AM

Quote from: 10BTCaDay on December 12, 2014, 10:51:52 AM

Paycoin challenge wall

They are basically bribing businesses to accept paycoin. He just basically admitted he doesn't have any partnerships that are willing to accept paycoin and is willing to pay for businesses to accept his paycoin by building business model around it. That is how I'm deciphering this and if this is correct that would be one of the biggest red flags that paycoin will be utterly useless.

It does sound like that. It always did, fishing for ideas every week. "title wave", "titan of industry" LOL

Anyone want to guess who the "panel of expert judges with a proven track record for innovating and starting successful ventures" would be? I'd nominate bitpop for his innovative work on bitpopcoin.

Too bad there is no prize, he's just getting people to shill for him. He'll be long long gone by March.

20$ xpy doesnt exist unless maybe hopeful thinkin he scammed stuart fraser

bitpop

legendary

Activity: 2912

Merit: 1060

Quote from: suchmoon on December 12, 2014, 11:16:02 AM

Quote from: NeonTranceBadger on December 12, 2014, 11:01:45 AM

Quote from: 10BTCaDay on December 12, 2014, 10:51:52 AM

Paycoin challenge wall

They are basically bribing businesses to accept paycoin. He just basically admitted he doesn't have any partnerships that are willing to accept paycoin and is willing to pay for businesses to accept his paycoin by building business model around it. That is how I'm deciphering this and if this is correct that would be one of the biggest red flags that paycoin will be utterly useless.

It does sound like that. It always did, fishing for ideas every week. "title wave", "titan of industry" LOL

Anyone want to guess who the "panel of expert judges with a proven track record for innovating and starting successful ventures" would be? I'd nominate bitpop for his innovative work on bitpopcoin.

Too bad there is no prize, he's just getting people to shill for him for free. He'll be long long gone by March.

WaffleMaster

hero member

Activity: 966

Merit: 546

In all reality, we can all thank GAW for the insane amounts of terrible start ups and scams (not completely, may just be people with no business education or talent trying to start a company for a bounty and losing everybody's money) surely to come from this. THANKS, YOU'RE HELPING THE COMMUNITY SO MUCH!

Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2216. (Read 3377790 times)