Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2388. (Read 3377790 times)

Imagine asking a chief his recipe after eating at his restaurant

"If you don't feel comfortable about what i put in your food i don't want you to come again eat at my restaurant"

I would be pretty worried what nasty things this weirdo chief had put in my food actually 

yes, thanks for regurgitating that *cough* just when I thought it was down 

*cough* Ponzi.

I asked Josh that personally about 2 months ago and his response was that if I need this proof then he doesn't want me to invest. What business in their right freaking minds would deny themselves money when all they have to do is show us that they do what they say they do. I would love to see what blocks they found in the past 3 months but that will NEVER happen.

well, it's good that we can disagree amicably and it's been a pleasure debating this with you. i will wish you the best of luck with it, and hope for the sake of good folks like yourself, that it does work out and you get a return on that investment. iI will say as an afterthought.. if only he had channeled that advertising revenue into Bitcoin or helped the evolution of Mastercoin and the already (half)established platforms which is carries, perhaps Josh-of-GAW may have been hailed as some sort of Bitcoin messiah, instead of being seen as trying to be a thorn in its side. With all that advertising, BTC could have gone up past $1000 in the blink of an eye. I suppose ; that's a discussion for another thread! best wishes mate.

So this altcoin difficulty thing is just a ruse to fleece people.

But the haslets payout are just based on that pools, they are not actualy minng there. So there is this  - if the haslet become due to low payments obsolete for customers, then gaw can use that power for mining anything else, but the customer earns nothing, beacuse their on pool based payment is 1 satoshi, eventhough their power earns coins from being pointed elsewhere.

There are countless shitcoins and more coming every day.

Surely there must be lots that are very profitable to mine
and dump.

https://hashtalk.org/topic/19951/logo-infringement

"So,

Is it just me or does the Paybase.com logo look a lot like Bitnami's logo...

I don't know how close it would have be to the logo to cause discord, but it's pretty similar and I know I would hate for anything to cause a wrinkle in the awesomeness that is PayCoin.

Thoughts?

EDIT: Really people.. Downvotes for free thought? This isn't what I signed up on these forums for..."

but that argument just puts it straight back to my point, it's a mastercoin clone. any company can come along and invest lots of cash and do exactly the same for their own rewards program. what GAW are doing isn't rocket science, moreover, the sheer amount of investment that they are putting into this, is just foolhardy and the only way that they are going to recoup that investment, in my eyes, is at the cost of those who buy into it. Sure -  GAW are going to make money out of this. I just fail to see how the little guy will make a profit from it along-with. I am just one of a majority of people who have no interest in having paycoin in a paycoin wallet and for that reason, it is doomed to failure.

Pictures of hardware would help, but people can and will argue about it.

Forget the datacenter. the point is the blockchain. Show us on the blockchain. Show the freshly mined coin being created and going to a customer. You are giving them mine to mine coins for you, they should be able to show us the coin.

I am not sure what you think - the mining contracts between gaw and the people gaw rent them their power? Or the mining contracts as GAW and hashlet customer?
The second - defenitly there exist a contract between customer and GAW, the question is what is the object of that contract. GAW looks like they are selling you actual in the hashlet named and pool pointed mining power, but I think it is more a loan to GAW so they can buy minning hardware and they repay you in the numbers of your chosen pool. I highly doubt, that you buy real 1 MH Scrypt of mining power with hashlets. But I think they use the money to buy the minning hw, which they use to mine coins they find most profitable. I believe, that he difference between customers payout (payout-fees) and the brutto payout GAW mined is huge, so they are making shitload of coins.


Joe said, he will show in next Q&A stream their datacentre. Dunno if that is enough proof. I actually take their announcements with reserve, they are using so much superlatives, that if it were true, then everyone, who invested in them will become millionare.

I dont want to advocate them, but if they will show the trace to their minning power I see all the multi users (who are in red numbers (read one satoshi payouts) being realy upset about seeing their money bought minning hw used to mine coins they don´t have profit from.

I wont ever invest an amount I am not willing to loose, I just want to discuss and try to find answer or more doubts so I can decide if to or not to escape before GAW falls apart.

Sorry for my english I am trying to make my statments clear as possible, but there might be some confusion in what I am trying to say.

Yeah when they put their logo next to it every time

you are 100% right buddy! if there is going to be a monopoly in crypto currencies then there is no point to adopt crypto currencies. just stick with our bank !!

yeah, i'm not usually so against entrepreneurial endeavours, it's good to see new businesses evolve in the crypto-world, however... the one word that gives me the heebie-jeebies in your comment is 'monopoly'. For that single reason, which is evidently the purpose of GAW, it's not something that I would consider, and for that reason alone, is why I will continue to actively persuade people not to put money into this. It flies in the face of everything that cryptocurrencies stand for.

Gaw has gone full ponzi. They sold whatever hashing they have for cash. Selling you premined paycoin then good bye. Happens every time. He's already getting you used to little "delays" just like every hyip scam.

PayBay.com
PayChain.info
PayPay.com

You mean the $1 million btc.com domain?  Why pay that much money for a domain of a coin that you will never use?

Also, if you are creating a new coin, you don't need much hash to start with.  For most of 2009, Satoshi solo mined using a 10 mh/s cpu with SHA256.  

If GAW is really creating a new coin, controller all of the miners, in charge of merchant integration, and coin source, then why have massive hashing power competing with itself?  Why not just have each 'prime' be 1 hash/s for whatever logarithm you want (sha265 or scrypt) and call it good?

As far as Cantor Fitzgerald, show us an actual statement from the company that they are working with GAW.  Even a 1 line verification saying "We, Cantor Fitzgerald, are working with GAW on a cryptocurrency project" will be satisfactory.