Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2437. (Read 3377790 times)

That will keep you in his golden pocket and you can let the money flow in...He is not getting anymore of mine.

well seen ya all want to carry on with hashlets here buy mine I have over 400 MH...

Yip they censor everything ...nsa

Oh man... Did you lose a bet of some sort?

Of course there will be a new hashlet that will mine paycoin, Josh has to keep the money flowing in somehow 

i had left this some days ago and now im a little out of news

coin name is paycoin?

Yes, it's PayCoin.


do we need to get invitacion to be able to buy the paycoin on the hashbase? will we be moved with zencloud account into the hashbase?which haslets will be able to mine this new coin ,will be possible to mine out of the cloud,i mean with hardware?

Hashbase won't be exclusive.

I will need to ask developers how the migration will happen.


As of right now, Primes are the only confirmed Hashlet that can mine HC (PayCoin). If you are mining hashpoints at the moment you will be able to trade them in at a rate of 400 / 1 coin. With that said, it's almost a certainty that a new hashlet will mine Hashcoin in the near future. In addition, the coin is SHA and the possibility of home mining is very much in play.

 
any real new about this paycoin ?

i read some pages here and there is some guys just disturbing and get out of content that real matter to most of us here soo stop spam here get out thanks Grin

Plenty, what is it you know already?

Please ask that question again when PayCoin actually exists. There is no way to respond with something intelligent to this question when we don't know some basic facts and the environment is changing every few weeks.

The stock market isn't a zero-sum game because value can be added indefinitely. In the example you give, it's possible that the company actually has more assets than it did when the stock was acquired. Businesses can grow, and it's possible (although not likely) for everyone to come out ahead. In the big picture, this works because productivity increases, and more can be created with the same resources. Although there are losers in the stock market, there don't HAVE to be losers in the stock market.

i had left this some days ago and now im a little out of news

coin name is paycoin?

do we need to get invitacion to be able to buy the paycoin on the hashbase? will we be moved with zencloud account into the hashbase?which haslets will be able to mine this new coin ,will be possible to mine out of the cloud,i mean with hardware?


any real new about this paycoin ?

i read some pages here and there is some guys just disturbing and get out of content that real matter to most of us here soo stop spam here get out thanks

It came from someone buying your shares.  Your profit is all "on-paper" until you cash out.  Someone/people spent an extra $48,000 buying out your position, either with their fiat or "on-paper" money.  I didn't say you couldn't make "money" at this stock market game.  But... your sell positions are at the expense of someone with a buy position.



This is where we will have to just disagree.  The money you cashed out for was paid for by someone else with their fiat or "on-paper" money from the market.  Don't you find it a little suspicious that when people slow down their investing in the market that stock values overall tend to decrease, and of course, vice-versa?  The market needs fresh fiat to keep the illusion of value propped up.



Ok, I'll play.  Take your exact same statement substitute in bitcoin, and explain to me why this isn't true:

Bitcoin currency is just numbers, the money in your bitcoin wallet is just numbers and the bitcoin in your miners generate is just numbers.   It only has value because we believe someone/thing says that it has value.   Bitcoin Exchanges change the numbers and the bitcoin-holders of the world back up those numbers and say they have value.



Disagreed.

I'd say that GAW is in a gray area: http://en.wikipedia.org/wiki/Confusing_similarity

They're both a financial sector product, and the PayCoin logo appears to have a slight italics; like the official PayPal logo.

However, I doubt that PayPal will do anything unless PayCoin gains any kind of traction.

Whaaa? Who says I'm from GAW? Man, I thought I was totally hidden 

I am sure Josh will grin. :grinning:

Question what would the impact be if PayCoin could eventually replace Paypal?

And anybody defending GAW is labelled a GAW employee, a shill, brainless follower, cultist and so on. Keep at it, the entertainment level is rising.

I think it's a deliberate stab at PayPal. He tweeted this a while ago:

https://twitter.com/gawceo/status/531087040797212672

His highly skilled lawyers and his highly trained businessmen.

PayCoin sounds a little close to PayPal in "lexical construction", didn't a bunch of companies get into trouble for using "iSomething" in the past couple of years?  I'm probably completely off track, not sure how TM works, I'm guessing the name was vetted by lawyers not to come in conflict with others in the same space having a similar name that could be mislead.

Give the twinkies to Bitgeek and lets be done with them both.


We can not say anything particularly insightful about Paycoin because we do not have enough information. No one really has enough information to make an informed decision, other than remark its whitepaper has been consistently vague, error-riddled, and full of marketing fluff.


However, I think there is enough info to reach a definitive ruling on whether GAW is selling unlicensed securities.  I want to get some feedback from people who support GAW, or are at least on the fence.


Josh has stated, unequivocally, that Zenpool profits are paid out on:
1. private rentals
2. mining
3. day-trading
4. undisclosed other activities.

Your profits payouts are not a 1MH share of a mining pool, but a share of quite a few other activities in which MH does not even figure (like in day trading).

What is a security?
http://www.law.cornell.edu/uscode/text/15/77b

The term “security” means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security”, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.



Josh appears unwilling to deny that the Zenpool is indeed a security, as he fails to do so in the latest "Troll/FUD" that Suchmoon linked. Instead of denying that he runs an unregistered security, Josh stresses that the SEC only steps in when "losses occur."

Why does it matter if this is an unlicensed security?
If this is a unlicensed security, then there is a completely new type of unquantifiable risk to doing any business with GAW. That risk is that the SEC steps in and turns off his server, like they just did to BFL. That would make all hashlets, hashcoins, and even Paycoins (if we get that far) worth nothing at all.

Due to GAW's extreme centralization, you literally have nothing to show for your money if their server is turned off.