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Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2426. (Read 3377790 times)

hero member
Activity: 770
Merit: 509
I interpreted the statement to mean 1 million hardware miners.  It seems farfetched that they have 1 million customers hashing, and at least 500,000 (a majority) spent $500 ($250,000,000 total per month).  I don't think GAW operates near the billions.

Maybe a majority of 100,000 users, ($25,000,000 per month) not 1,000,000 users.

Let's be honest, are any of the unverifiable claims made by GAW remotely believable?

$25 million is enough to buy ~2,500 GH/s (twice the size of the entire litecoin network). Don't forget that GAW already claimed to have hashrate equivalent to 97% of the litecoin network around a month ago.

So far all we know is they have a medium sized datacenter filled with Bitmain hardware and a few Zuesminers (not even close to 1000 GH/s).

To me it's obvious GAW is just using the "look, other people are giving us tons of money, so you should too!" tactic.
member
Activity: 95
Merit: 10
That guy, you know, with the face
From https://www.cryptocoinsnews.com/josh-garza-to-launch-paycoin-media-tour/

Quote
We will be bigger than CEX.io in less than one month. They are the biggest cloud mining company in the world. And we’re just getting started. Projections have us at a couple million miners by the end of next year.

Many problems with this statement.

1) Hashlets don't mine. Josh has said this himself. Therefore, if you own something that doesn't mine, are you a miner?
2) If we ignore that, and consider you a "virtual miner", can you claim to be bigger than CEX.io?
3) If we ignore that, but look at the numbers mining HashPoints, is there a leg to stand on for the above statement in any way?
4) Projections by whom? I'd like to see some real numbers of growth rate of investors/"miners" (how many are you adding each week since inception) so that we can judge this statement? Otherwise, it is just more conjecture.

EDIT:

Sorry, kept reading and came across this:

Quote
The majority of our customers order between $500 and $1500 per month in Hashlets.

So if we assume that "a couple of million miners" is like 1.5m today, and majority is 50% (so 750k), and we take the lower of "between $500 and $1500", then they are doing $375m per month in sales. Is that even remotely possible?

https://twitter.com/gawceo/status/535550692350758913

Quote
WSJ are doing their validating our numbers tomorrow, so I think we will see something from them first Smiley

Is that what you're looking for? Smiley

Edit for your edit: they will have 2 million by the end of next year, so maybe it's not 1.5 million yet. Actually there was a 100k number thrown around hashtalk, in the context of 2% customers using the forum. So let's say it increased to 200k since then. Also $500 to $1500 might be mostly market sales, so they get only $50-$150 per customer. Does that make it more believable?

I interpreted the statement to mean 1 million hardware miners.  It seems farfetched that they have 1 million customers hashing, and at least 500,000 (a majority) spent $500 ($250,000,000 total per month).  I don't think GAW operates near the billions.

Maybe a majority of 100,000 users, ($25,000,000 per month) not 1,000,000 users.

Edit: After a rereading of the article, he is definitely saying a couple million users ... but they don't have that now.  The couple million must be an order of magnitude more than what they have now.  We'll see, but I don't think there are enough people into crypto overall to get that many, especially when they operate in shadows, and even with his marketing, I don't see that many suddenly joining in.
hero member
Activity: 1316
Merit: 502


Thiis pathetic cripple of an author is provided a nice and cosy free corner along with a bowl of soup permanently over there to beg for money. Anything and everything this lazy bum writes about is for a reason, not only there but everywhere.


https://hashtalk.org/topic/13749/manebjorn-medical-update
sr. member
Activity: 462
Merit: 251
Great job guys. Thread no longer about Paycoin but education in America. Unsubbed.

Can we start another one where we don't measure our epeens relative to their educational statuses?

It's that syndrom of wasted years. "I went to college and that guy still earns more than me, fuck that scammer!" Cheesy


legendary
Activity: 3654
Merit: 8909
https://bpip.org
From https://www.cryptocoinsnews.com/josh-garza-to-launch-paycoin-media-tour/

Quote
We will be bigger than CEX.io in less than one month. They are the biggest cloud mining company in the world. And we’re just getting started. Projections have us at a couple million miners by the end of next year.

Many problems with this statement.

1) Hashlets don't mine. Josh has said this himself. Therefore, if you own something that doesn't mine, are you a miner?
2) If we ignore that, and consider you a "virtual miner", can you claim to be bigger than CEX.io?
3) If we ignore that, but look at the numbers mining HashPoints, is there a leg to stand on for the above statement in any way?
4) Projections by whom? I'd like to see some real numbers of growth rate of investors/"miners" (how many are you adding each week since inception) so that we can judge this statement? Otherwise, it is just more conjecture.

EDIT:

Sorry, kept reading and came across this:

Quote
The majority of our customers order between $500 and $1500 per month in Hashlets.

So if we assume that "a couple of million miners" is like 1.5m today, and majority is 50% (so 750k), and we take the lower of "between $500 and $1500", then they are doing $375m per month in sales. Is that even remotely possible?

https://twitter.com/gawceo/status/535550692350758913

Quote
WSJ are doing their validating our numbers tomorrow, so I think we will see something from them first Smiley

Is that what you're looking for? Smiley

Edit for your edit: they will have 2 million by the end of next year, so maybe it's not 1.5 million yet. Actually there was a 100k number thrown around hashtalk, in the context of 2% customers using the forum. So let's say it increased to 200k since then. Also $500 to $1500 might be mostly market sales, so they get only $50-$150 per customer. Does that make it more believable?
sr. member
Activity: 308
Merit: 250
CEO FlawMiners TM®
100 rep to down-vote tweet


full member
Activity: 135
Merit: 100
From https://www.cryptocoinsnews.com/josh-garza-to-launch-paycoin-media-tour/

Quote
We will be bigger than CEX.io in less than one month. They are the biggest cloud mining company in the world. And we’re just getting started. Projections have us at a couple million miners by the end of next year.

Many problems with this statement.

1) Hashlets don't mine. Josh has said this himself. Therefore, if you own something that doesn't mine, are you a miner?
2) If we ignore that, and consider you a "virtual miner", can you claim to be bigger than CEX.io?
3) If we ignore that, but look at the numbers mining HashPoints, is there a leg to stand on for the above statement in any way?
4) Projections by whom? I'd like to see some real numbers of growth rate of investors/"miners" (how many are you adding each week since inception) so that we can judge this statement? Otherwise, it is just more conjecture.

EDIT:

Sorry, kept reading and came across this:

Quote
The majority of our customers order between $500 and $1500 per month in Hashlets.

So if we assume that "a couple of million miners" is like 1.5m today, and majority is 50% (so 750k), and we take the lower of "between $500 and $1500", then they are doing $375m per month in sales. Is that even remotely possible?
legendary
Activity: 3654
Merit: 8909
https://bpip.org

Could at least spend some of that ad money to hire a decent proofreader if they can't be bothered to respect the language themselves.
newbie
Activity: 44
Merit: 0
http://www.gawminers.com/pages/askgaw

what is up with this josh guy ? he says "you know every 2 seconds "...and can't finish a thought to save his life.... kind of how he post everywhere on Hashtalk  is he schizo ? people actually trust this guy ? LOL
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Guys, 3 pages on education and diplomas, we've had enough, we've reached the point where you should move your discussion in a different thread...  

Point well taken. However, there isn't much of anything else being discussed here. Two things I've noticed over at HT are that I have been able to slip in quite a few questions recently that haven't gotten me down-voted or banned that normally would have but I'm unable to down-vote any post. I haven't been down-voted in awhile and I have a 31 reputation with 37 posts. Anyone else have this happen?

You need 100 rep to be able to downvote. Also "admins", which is the CEO and I think some mods, can see who downvotes and will use that information to fight trolls, whatever that means.



I wasn't aware of the 100 rep thing. When and where was that announced? I did get the feeling that "admins" could see my down-votes though.

I was on twitter but I can't find that tweet anymore. Was also announced on HT I think, but I'm not sure.

Edit: https://hashtalk.org/topic/18703
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Great job guys. Thread no longer about Paycoin but education in America. Unsubbed.

Can we start another one where we don't measure our epeens relative to their educational statuses?

Wouln't help, it would turn into some other pissing match very quickly. The best we can do is sit tight for a few hours and it will die off when there is nobody to argue with.

Look on the bright side: apparently there are no major issues or gaffes with the PayZenCoinHashlets at the moment if all we have to discuss is education.
newbie
Activity: 44
Merit: 0
lol cryptocoin news - THE TRUE INDEPENDENT NEWS SOURCE*

*story sponsored by GAW


BAHAHAHAHAHAHAHHA!!!!!!!!!!!!!!!!
sr. member
Activity: 251
Merit: 250
lol cryptocoin news - THE TRUE INDEPENDENT NEWS SOURCE*

*story sponsored by GAW
hero member
Activity: 504
Merit: 500
Guys, 3 pages on education and diplomas, we've had enough, we've reached the point where you should move your discussion in a different thread... 

Point well taken. However, there isn't much of anything else being discussed here. Two things I've noticed over at HT are that I have been able to slip in quite a few questions recently that haven't gotten me down-voted or banned that normally would have but I'm unable to down-vote any post. I haven't been down-voted in awhile and I have a 31 reputation with 37 posts. Anyone else have this happen?

You need 100 rep to be able to downvote. Also "admins", which is the CEO and I think some mods, can see who downvotes and will use that information to fight trolls, whatever that means.



I wasn't aware of the 100 rep thing. When and where was that announced? I did get the feeling that "admins" could see my down-votes though.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Guys, 3 pages on education and diplomas, we've had enough, we've reached the point where you should move your discussion in a different thread... 

Point well taken. However, there isn't much of anything else being discussed here. Two things I've noticed over at HT are that I have been able to slip in quite a few questions recently that haven't gotten me down-voted or banned that normally would have but I'm unable to down-vote any post. I haven't been down-voted in awhile and I have a 31 reputation with 37 posts. Anyone else have this happen?

You need 100 rep to be able to downvote. Also "admins", which is the CEO and I think some mods, can see who downvotes and will use that information to fight trolls, whatever that means.

hero member
Activity: 504
Merit: 500
https://hashtalk.org/topic/19001/the-most-rare-legendary-hashlet-paycoin-origin/220

Behold... The origin of the legendary 19!
50 years from now when your grandkids refer to the event described in history books where the original 19 heroes were blessed by GAWD, you'll smile and proudly tell them "I was there when it happened"

WOW! How fucking brainwashed can you possibly be??? They call him GAWD and speak like they are on the verge of something so epic the world be forever changed. This guy should be taken out back and put down like Old Yeller for his and anyone else even near him.
sr. member
Activity: 251
Merit: 250
Great job guys. Thread no longer about Paycoin but education in America. Unsubbed.

Can we start another one where we don't measure our epeens relative to their educational statuses?
hero member
Activity: 504
Merit: 500
Why are you being so defensive bitcoinnoisseur?

All These threads have been stating is that in any postings about GAW that come from these mythical media companies that will be doing stories on them, the fixation of the level of formal educational honor's given?  Not the most effective or useful arguement to make on it.   There are Plenty of better arguements.    The arguement can be made, but the target audience, there is going to be a % of people that resonates with someone when they are being critiqued on their educational level.   Thus not very effective propoganda.

I don't look at records, I get to listen to my wife complain about people who can't figure out basic requirements and call when information is readily and freely available in multiple ways and forms.   So my wife isn't legally causing issues, though I love how you want to try and make it an issue of law.    So cute!  My wife?  Yes, she has a degree, and I'm happy for her.   Degree's are not bad things, they are just not holy writ nor should they be treated as such.    Eventually, she will make more then me because of it, I hope, and then maybe I can enjoy life as a kept man!  It would be nice.

I already said that examples to the contrary are in the minority, so why are you so fixated on this irrationally Bit?  Seriously.   Step back, read all the threads again, and break out of the OCD trance of rejecting any statement that doesn't fit your internal narrative of being attacked by me.

I made logical statements based on what I know. You turned it into an "Education isn't important" discussion for all the other completely irrelevant things you listed. I'm done.
sometimes people can do good things in life without have 1 or 2 8 year diplomas. Book smarts add to the knowledge you get from street smarts its not all bad and some thing you learn by yourself. I got a friend who has a big mechanic shop in California and dude just finished 9th grade. All the knowledge he got was from watching his dad work on cars during spare time. Then again going to college does not mean you will be top game i know 1st hand people who have graduated 6 / 8 year degree from good ivy colleges. Three of them are flipping burgers for last 2 years. To finish off if Having a piece of paper is that important then i for one hope Josh has like 5 dr degree cause i would hate to think someone who did not even go to high school milked millions of dollars for who knows how many people

The piece of paper is worthless just like a marriage license. An education or a marriage is only worth what you put in. Sure many bullshit degrees are basically handed out to students that just paid and showed up to class but at least they did that much. I hate to tell you but there's no such thing as street smarts. That's an oxymoron. If you're on the streets, you're not smart. Trust me that i learned that directly from the mouths of people that made hundreds of thousands on and in the streets. It's a no win proposition. Finally as a few have noticed here, I NEVER said you can't be intelligent nor did I say you can't be successful without a college education. I do feel though that you can not ever be successful without a proper education. Granted proper is a loose term BUT a proper education can be taught by anyone in any subject be it auto-mechanics or mechanical engineering. There is SO much to learn and the more you know, the more you know you don't know. I agree that the American Educational system is failing but to not partake in it because of that and think that you'll be better off is nothing less than foolish. Education and knowledge are still the very thing that can set you free no matter who you are or where you are and it is something everyone should strive for.

Disclaimer: I am a post-secondary mathematics instructor at a US institution by day and crypto hobbyist by night, and hold several degrees myself.

I agree wholeheartedly with others calling you out, that education, including the piece of paper sitting in the desk drawer of my office that shows I toiled for many years, is incredibly broken in the United States, and that it is a weak argument to say that statistically people are more successful because they have a piece of paper showing they showed up to classes and thought hard enough to make the professor think they knew the material, or at least satisfied the point requirements of the professors grading scales.  Certainly they start off at better pay on average because HR departments value degrees, and there are good things you can get from a post-secondary education, whether four-year, six-year or eight-year level, that are not easily available otherwise, I will agree with you on that.

On the other hand, judging someone's ability based on a lack of education is, in my opinion, a very lacking argument.  The number of students that make it through a degree today make it worth almost nothing.  You may have seen the ideal in knowledge and pursued it in your education, but there is a huge amount of value to a self-made person.  Arguing that in general someone is incapable because they don't have an education is moot, in my opinion.  I would argue that someone is robbed of free-thought, creativity and motivation because they did get a degree.

The argument that education statistically correlates to success is neither valid nor strong.  I see a hundred people without degrees who don't amount to anything for every one of those who amount to something but have no formal degree.  I am, after all, a professor.

May I make the assumption that you, like me, became less educated, motivated and creative by attending a university?


You may make no such assumption whatsoever and I'm actually disgusted that you would even suggest that. I feel really sorry for you that you got such a shitty education. You have zero proof that "education statistically correlates to success is neither valid nor strong." I implore you to provide me with any. And for the last time I NEVER judged anyone on their lack of education. This is exactly what I said that has you all in a delusional frenzy:

His arrogance suggests he really does believe he is above so many people while he has no formal education beyond high-school. That's if he ever even graduated high-school. I don't know if that's been confirmed or not. I am not saying you can't be intelligent or successful without a high-school or college degree but the odds are stacked very high against you. I can tell for sure he never excelled in any English classes.

I will stand wholeheartedly by what I said later that if you do not believe the highlighted statement above, which is not just my statement but is a statement of the overwhelming majority of at least the US, that you are either a liar, delusional or extremely uneducated. I do not think you're lying to me and you are educated therefore you must be delusional.
full member
Activity: 120
Merit: 100
Guys, 3 pages on education and diplomas, we've had enough, we've reached the point where you should move your discussion in a different thread... 

Point well taken. However, there isn't much of anything else being discussed here. Two things I've noticed over at HT are that I have been able to slip in quite a few questions recently that haven't gotten me down-voted or banned that normally would have but I'm unable to down-vote any post. I haven't been down-voted in awhile and I have a 31 reputation with 37 posts. Anyone else have this happen?

If you have a rep of less than 100, you are not able to downvote anymore.
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