Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2248. (Read 3377790 times)

Sorry, I haven't seen the video.  This has never concerned me.



I'm guessing that they didn't do it the way that you wanted it done.  Satisfying hundreds of different requests was probably not feasible, and he was probably ordered to do it that way.
 


You won't get that kind of proof from any other company that I can think of.  GAW has bent over backwards to try and satisfy their critics, but the boo-birds and naysayers will never be satisfied.

annnnnnnnnnnd ignorant...

Why dont you just delete it "josh garza ceo"

Sounds like some kind of perpetual money machine. I'm now starting to believe that you're just winding us up.

You know its really funny how GAW times everything to be a Friday.. Wonder why?

Paycoin launch http://paycoins.biz/countdown-to-public-ico/

annnnnnnnnnnd ignore.

Yep what a joke.

So your absolved of any responsibility for their content? Why arent you bashing them, Where is that thread???

IT LITERALLY SAYS YOU CAN GET RICH! With a small amount of bitcoin. Hmmm
Every hear of "cherry picking"?


I would seriously like some sort of proof that GAW has done wrong. Can anyone show some sort of proof?
I'm genuinely asking. Not to make fun. I make fun because every company hypes their product. And if they dont they get bashed for having cheap products.

I own $190 worth of hashstakers and can refund it any time. That tells me the company is at least somewhat legit. No scammer offers a money back guarantee with a grace period that has been so long. They make you feel stupid with no real information if you try to cancel. All I have seen here is ridicule, that typical scammers would provide. I have looked through some links on here as I just found this thread. Sadly since issues with pump N dumpers on here in the early part of the year I wrote this forum off as "like all the rest". I want to refund my money if I see information that is legitiment. But im not here to drink your koolaid either...

... explain the dynamics of paycoin?...  You'd have to be more specific.  I'm not going to write a dissertation on the paycoin economy.

How can everyone stake at 400% per year?  It's easy... that's the way the algorithm is setup to do so.  You have to remember, they are not giving you USD... but paycoins.  So they aren't giving you real money, just fake internet money that could be exchanged for USD or BTC at whatever the rate is for that moment.

It's their belief that the value of this exchange should be kept from tanking due to their cash reserve, where they can buy all the dumped coins at $20 to keep the value stable.

Where does all the cash come from?  It came from the customers themselves!  People buying hashlets directly, their 10% cut of market sales, hashstaker sales, etc.
 


12.5 million according to the whitepaper.



Unknown, because coins are released in paycoin's POS scheme based on demand.  It's not a steady flow like in other coin's POS schemes.  The more demand there is for the coins, the more coins will be minted by the prime controllers via their staked coins.



At the end of what would have been round 3 of the ICO.  The details of where it can be mined have not been released yet.



Standard wallet software will be released when the coin goes live.  All this is standard stuff for a coin release.



TBA

So they have way more hashing power than they need, and super cheap electricity, yet they still cannot afford to lower maintenance fees?

If they have 10W/MH hardware and $0.05/kwh electricity, they would be paying $0.012/day/MH.

So in your opinion GAW's business model involves renting out "hashing power" at below market value so that others could make money off it? How does that make sense? And why the CEO would be saying he'll sell those miners, are you suggesting he's lying? 

https://hashtalk.org/topic/22436/so-how-many-hashstakers-are-left-after-this/54


(that's oneminer.com where they sell hardware)

You seem to be confused. At one point this site had a hashlet ad across the page showing in this thread, it was amusingly ironic but has nothing to do with posters' opinions.

I don't work for GAW, so I don't have any information on that question.  Sorry.



How much actual hashpower do they have?  Considering they will not outright say, people have tried to make educated guesses based upon how many hashlets are believed to be out there.  Josh did say that they have 100% hashpower to the amounts that the customers hold.

What are they going to do with it?  The same thing they have been doing all along.  Renting it out to other companies.  I'd speculate that this is where a lot of these newer cloud mining outfits magically get all this hashing power, but the total network hashing power doesn't seem to be increasing that much.  They rent hashing power at a discount then resell it as virtual miners for a higher competitive price.

Yes, has to be the most hated company on Bitcointalk\Litecointalk\LTCGeartalk and Reddit\r\bitcoin, you'd think people would take a hint.
It also seems like hashtalk's post numbers have been dwindling and I'm sure GAW has noticed that sales have slowed.

He made enough money that his Grand Kids will be driving Ferraris, He figured out a way to funnel every idiot into investing in Paycoin.. and he can wash his hands with Paycoin without owing anyone shit and walking away with 25,000 bitcoins.

This is a very hot issue with the SEC.  I expect they are looking for headline cases to establish precedent for regulation.  Good and bad.  Probably bad for any large, overhyped, overpromised, cloud operator located in the U.S. (whether or not a ponzi).

No doubt.  I struggle with if I should feel sorry for those who ignored all the warning signs when it all comes crashing down.
I dont want anyone to lose their money and if/when this all goes bad its going to be another black eye on crypto but the warning signs have been there for quite some time now and are getting more and more obvious as the days go on.  Sadly for some the only way they learn not to play with fire is when they get burned.  Hopefully it doesnt come to that.

So it seems like they're actually doing some investigating at least, I hope they find some other dirt on them depending on what others reported. I gave them as much info as possible, I kept logs of hashtalk/zencloud/gawminers from June since I noticed they try to delete data constantly.

I think you missed something too.  When Reddit\Bitcointalk\Litecointalk\LTCGeartalk are all saying GAW is a scam and paycoin is going to cause a lot of people to lose a lot of money there is a problem.  Only HT talks about how great paycoin is, well that's because GAW owns it and operates it and if you say anything bad about GAW you get banned and have your post deleted.  If HT was a book it would be 1984.

Yes. I have been in contact via phone and email with multiple agencies including the SEC, but cannot get in to too much detail about specifics just yet.

Scott-

Even easier to scam idiots.