Author

Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2270. (Read 3377790 times)

legendary
Activity: 2198
Merit: 1000
I think the credit card deal is a joke. I simply sell my btc each week to coinbase and its in my account with my usual bank card with all the protections of a visa. So what's the point? I am certainly not going to go buy paycoins just to put on a credit card. Now I suppose if you don't have a bank account and you have BTC to buy paycoin with then, that's a useful thing perhaps for some? Can't you already buy gift cards with BTC and use to purchase things with anywhere now? Maybe I'm confused lol  Grin
sr. member
Activity: 434
Merit: 254
So, after trying to watch that Q&A session a bit more... I got about 10 min in... and thought Josh's body language was pretty interesting... especially when the old banker dude was talking instead of him... so I have a new theory...

I think the mining company was Josh's baby for sure. He is just a rich kid schmuck who got into Bitcoin and was arguing w/ people on ebay for GPU miners as close as like 9 months ago (lol! CEO material?).

So he's clearly got access to money through whatever the connection is as the same people are always involved in his companies... so they all got behind the mining thing, and I do actually believe there's investments in GAW. Of course, he was unable to pull off profitable mining for anyone except early adopters and people who trade fake miners on the market... then we get things like the purchase of BTC.com, etc... it was all about bitcoin until this bizarre business model change into PayCoin...

Just looking at that video again, he looks like he's not really as interested or engaged as he was when it was about mining. It reminded me of being in a similar situation with a company i worked for that was going to go public in the .com days... as the economic landscape shifted, the investors started changing what the company was, acquiring other companies to try to fake people into thinking we were another type of company, etc.

I think this is what's happened at GAW... there's clearly not enough money for the investors involved to be happy.. so they needed to come up with a new model in the hopes not that it would succeed, but I think to be acquired by someone else is now the goal... they'll come up with a Coinbase type site that allows you to fund a debit card (with all the wonderful fees and integration with the existing system!)... paycoin is just a distraction to keep current customers "happy"...

^ This ^

Nail on head IMHO

I think he is in over his head and desperate for a way to make something, anything, work

Honestly, I think he wants to do something good, but that doesn't mean its going to end well
member
Activity: 64
Merit: 10
what im not sure what to do about is: is it legal for him to force me to "upgrade" my primes?
It doesn't matter to them. They forced 2fa on hundreds of thousands of accounts to withdraw. So thibk of it this way. The bank changes your pin number and says you can't have your money unlees you comply with their terms.

rephrasing this a bit and splitting:
static service
the bank suspects there is suspicious activity in your online account and locks your account until you go in store or over the phone and explain yourself. that is fine we are not talking about that.

or

the bank has changed the terms of service and to make sure you agree to the new ones they change your pin so you either accept the new terms of service or leave: we are talking about the or leave part, with GAW there is no or leave.

the bank cannot just shut down on your money, you have the 100% integral position to exit with.

agreement
without going into too much detail, if you entered with someone into an agreement, and they want to change the agreement, you have the right to refuse, in this case their have to either reimburse you or accept you remain under the agreement you signed up with. this is the wording that goes in legit operations:

"To continue using our services ..."

Continue, i don't want to Continue, i'm not a new customer, you an i made an agreement at a moment in time where you promised me infinite money for eternity, now go and fulfill that. someone attach their ToS and i will get it reviewed for you here.
sr. member
Activity: 378
Merit: 250
So, after trying to watch that Q&A session a bit more... I got about 10 min in... and thought Josh's body language was pretty interesting... especially when the old banker dude was talking instead of him... so I have a new theory...

I think the mining company was Josh's baby for sure. He is just a rich kid schmuck who got into Bitcoin and was arguing w/ people on ebay for GPU miners as close as like 9 months ago (lol! CEO material?).

So he's clearly got access to money through whatever the connection is as the same people are always involved in his companies... so they all got behind the mining thing, and I do actually believe there's investments in GAW. Of course, he was unable to pull off profitable mining for anyone except early adopters and people who trade fake miners on the market... then we get things like the purchase of BTC.com, etc... it was all about bitcoin until this bizarre business model change into PayCoin...

Just looking at that video again, he looks like he's not really as interested or engaged as he was when it was about mining. It reminded me of being in a similar situation with a company i worked for that was going to go public in the .com days... as the economic landscape shifted, the investors started changing what the company was, acquiring other companies to try to fake people into thinking we were another type of company, etc.

I think this is what's happened at GAW... there's clearly not enough money for the investors involved to be happy.. so they needed to come up with a new model in the hopes not that it would succeed, but I think to be acquired by someone else is now the goal... they'll come up with a Coinbase type site that allows you to fund a debit card (with all the wonderful fees and integration with the existing system!)... paycoin is just a distraction to keep current customers "happy"...
hero member
Activity: 966
Merit: 546
what im not sure what to do about is: is it legal for him to force me to "upgrade" my primes?
It doesn't matter to them. They forced 2fa on hundreds of thousands of accounts to withdraw. So thibk of it this way. The bank changes your pin number and says you can't have your money unlees you comply with their terms.
member
Activity: 64
Merit: 10
what im not sure what to do about is: is it legal for him to force me to "upgrade" my primes?

ne way depends on where you are

you need the money for Christmas
sell everything at market value today, count your losses, turn back and come again once you've built up some money you can afford losing

you don't need the money Now but you want to make a quick buck
sell all the solos. buy zens, mine HP for now, convert to hashstakers, sell the hashstakers when this becomes possible to sell. choose option 1 upgrade for primes. Sell the Genesis and go buy into another HYIP.

you don't need the money and you're in it for the long term
stop any investment in GAW and chose option 2 upgrade for primes, convert all zens and solos into hashstakers. keep or sell the Genesis.

you're in it to win it
don't do anything, he promised you never ending profit, if it tanks, sue him. any action you take is making it easier for him to get away, you are paying for his exit ticket
hero member
Activity: 504
Merit: 500
You really have to read the delusion in this thread. https://hashtalk.org/topic/22066/enough-demand-for-paycoin-after-public-launch

Quote
Be under no illusions, there is Russian, Chinese, Ukrainian money wanting out of FIAT and in to a safe haven, and other countries where inflation is killing savings. Paycoin would be a very good alternative.
member
Activity: 98
Merit: 10
Some people must be bored. This looks like a common pattern:

Make a new profile on hashtalk > criticize and accuse > link the thread to bitcointalk and complain you're soon going to get banned > enjoy the support > repeat


I'm glad you find it entertaining as well. So tell us what's your investment strategy with Hashlets, Hashpoints, stakers, PayCoin, etc ?

was just going to say they've gone lax on the bans and censorship. does this mean its almost exit stage left time?
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Some people must be bored. This looks like a common pattern:

Make a new profile on hashtalk > criticize and accuse > link the thread to bitcointalk and complain you're soon going to get banned > enjoy the support > repeat


I'm glad you find it entertaining as well. So tell us what's your investment strategy with Hashlets, Hashpoints, stakers, PayCoin, etc ?
sr. member
Activity: 262
Merit: 250
Some people must be bored. This looks like a common pattern:

Make a new profile on hashtalk > criticize and accuse > link the thread to bitcointalk and complain you're soon going to get banned > enjoy the support > repeat


I think the circle jerk is on HT with same'ol pivot men!!
sr. member
Activity: 756
Merit: 250
Infleum
Some people must be bored. This looks like a common pattern:

Make a new profile on hashtalk > criticize and accuse > link the thread to bitcointalk and complain you're soon going to get banned > enjoy the support > repeat
legendary
Activity: 3654
Merit: 8909
https://bpip.org
He's not screwing anyone, he just pulled more out of his ass. The limits are artificial just like hashlets.

Looks like a desperate attempt to lift Market prices. Don't forget they make 10% there and their "MSRP" is $100 for Primes, $20 for Zens etc. But everything is barely half of what they want it to be.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
hmm, a new, milder form of shadowbanning?

Nope, that's how the usual shadow banning works. There is no indication to the poster or to others, just the posts are gone.

As I've said before, usually the CEO doesn't get sarcasm, but when he gets it he doesn't like it. I expect there will be more attempts now that many have sold out and have nothing better do with no more boosts and double-Ds to click  Grin
hero member
Activity: 868
Merit: 1000
He's not screwing anyone, he just pulled more out of his ass. The limits are artificial just like hashlets.
hero member
Activity: 821
Merit: 503
Well i have managed to keep quite long enough.. have read both threads and all 200+ pages on each "wow head hurts" anyways been with GAW for little over 2 months and had invested ~ 33 mh/s in zens/primes .. that's until i started reading this thread and watching old Josh daily change his mind on what HP were going to be used for and then forcing people to mine HP only that or take an .0000001 btc daily payout on there investments..

I managed to get all my btc  (back i think..) maybe even a little profit but the straw that broke the camels back is him saying on youtube that the primes had a limited staking slots and the rest of the hashlets if there any space left would convert to stakers.. then today he goes and puts back up the hashstakers up for sale knowing full well he is literally screwing his customers over doing this.

So i posted on hashtalk asking what was he doing and who had more then 1 stage to an ICO?

Anyways I'll probably get band and post removed.. will take me seconds to get over that one..

Hash On  just not at GAW

Icon


https://hashtalk.org/topic/22077/when-does-hp-turn-into-paycoin/38

full member
Activity: 238
Merit: 100
I'll keep a few Primes and my Genesis just in case this thing pans out, At the moment though it's risk management for me.
Would really like to see my 170k plus points turn into BTC but I am not counting on it.

I love how half the critics here are saying something similar to the above.  Why not totally divest if you think it's a ponzi?

I believe that if it was possible to sell hashpoints even at face value ($0.01) many would do just that. After mining coupons for two months there is not a lot of choice now. Forfeit everything or sit and wait.

I wasn't even referring to the hashpoints... it' more like these types of posts:

Quote
I'll keep a few Primes and my Genesis just in case this thing pans out

Just in case...

Actually decided to dump the lot now, price has increased a bit and things are getting more and more suspect per day.
Was only gonna keep a few in case value increased after conversion but as GAW are now selling Hashfakers again I can't see that happening, time for full dump and if these points payout OK if not I won't lose any sleep over it.
sr. member
Activity: 308
Merit: 250
CEO FlawMiners TM®
OHH NOEZ The Gestapo did him in Sad

GawTeamFanClub

This user didn't post anything yet.

https://hashtalk.org/user/gawteamfanclub

It was fun while it lasted!! Smiley  Smiley  Smiley

He deserves troll of the year award. The shills will remember him for a long time.

The thread is still there but his OP is gone. It doesn't say he was banned either.

131 Reputation
114 Posts
127 Profile views

His post and comments are gone.. BUT!!! It can be found here!  Grin

https://archive.today/dxN06

Every time there is a "BAD" thread they go and add comments to old threads like "What color should I paint my cat" to lose the bad thread
full member
Activity: 155
Merit: 104
hmm, a new, milder form of shadowbanning?
hero member
Activity: 504
Merit: 500
OHH NOEZ The Gestapo did him in Sad

GawTeamFanClub

This user didn't post anything yet.

https://hashtalk.org/user/gawteamfanclub

It was fun while it lasted!! Smiley  Smiley  Smiley

He deserves troll of the year award. The shills will remember him for a long time.

The thread is still there but his OP is gone. It doesn't say he was banned either.

131 Reputation
114 Posts
127 Profile views
sr. member
Activity: 308
Merit: 250
CEO FlawMiners TM®
OHH NOEZ The Gestapo did him in Sad

GawTeamFanClub

This user didn't post anything yet.

https://hashtalk.org/user/gawteamfanclub

It was fun while it lasted!! Smiley  Smiley  Smiley

He deserves troll of the year award. The shills will remember him for a long time.
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