Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2438. (Read 3377891 times)

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.

Thanks to this thread. I avoided yet another disaster. 

Paycoin? Dumb name and the tagline is equally dumb. I hope enough suckers keep this afloat until I sell my coins!

Bingo.

Now what really matters, well to those who own Zens anyway...


https://twitter.com/gawceo/status/535069167268155392

And...

https://paycoin.com/

WHAT you like twinkies and you dont know of the other flavors especially twinkies that are chocolate flavored you are missing out hard core. They sell them at walmart and if that is not option you can always look on amazon.com they sell them there to but bit pricey good luck on your twinkie journey  

This bitgeek kid is just angry   I don't think he has a clue what crypto mining is, he's just here to annoy.

Since they are unable to pay out anything marketable

as per their pools

I can only conclude that they´re about to go belly up.

I just think it's cute how anybody who doubts GAW in the slightest is labelled a "troll".

Sounds to me like an excuse somebody uses when they aren't intelligent enough to come up with a counter-argument.

Either way, the fact that GAW cheerleaders troll around bitcointalk trying to shoot down any reasonable discussion about the company just goes even further to show how much they want to censor all talk about this scam that isn't screaming at you to give Josh more money.

You're calling this thread a discussion? On the previous page some troll was commenting on the looks of a person he was talking to because this was the only thing he could add  to the "discussion"
This is a troll lounge.

Well, over there you can sell useless crap that yields nothing - for several dollars !

That´s not such a bad deal.

A trolling newbie will teach us about forum input, get ready!

sainf, make it clear who you are replying to, and most importantly, stop replying to bitgeek. That poster has no interest in any discussion, his sole purpose is attacking other members and filling the thread up with garbage. Just click the Ignore link under his name and move on.

You did NOT make anything...They simply GIVE YOU BACK some of your original 3900 Euros...like 6% of YOURS OWN MONEY -  back to you ...

It will take you like 16-17 months to reach breakeven...on this FREE LOAN to MtGAW, if they are still around..

Cheers,

ZiG

no... I like it here

please would you stop. while youre ahead you trying to hard to discredit ....I am not interested in your fud I am looking for an answer ....on my question you trying to take the threads path away from the original post...who cares about what was said and who said it. I just don't understand why you upset about what I said and you picking on what i did to say what i am asking. I am the fudder. you are right move on...

 

It's not MY company. Are you a person that comes to a house, insults the owner and when kicked out the door jumps back through the window?

What you on...who is that ...? you trying very hard to discredit what

Let's look at some of your constructive input:



Date Registered:   November 06  Looks like you registered here to troll and insult. Back to your cave!