DO NOT RESPOND TO BIT-TROLL-GEEK AND DO NOT EVEN LOOK IN HIS GENERAL DIRECTION.
Thank you.
Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :) - page 2440. (Read 3376891 times)
November 18, 2014, 07:32:49 PM
Just a reminder to those who may be new or forgot how this works:
Thank you.
Thank you.
November 18, 2014, 07:30:11 PM
The troll FUD guide is the start of the implosion on hashtalk. They will all work themselves into a state that anyone who doesn't agree is a troll, and I mean about anything. They will start to downvote, then the downvoted will downvote randoms out of angst. They will become paranoid that outsiders have set up downvote bots.
Isn't this what some people in this thread have been doing? Try saying something positive in this thread and you'll see the reaction. If they could downvote here they would beat the shit out of that button.
November 18, 2014, 07:20:27 PM
dman99 :- You handled that just right mate. Respects from SychoPhant 
Watch for down votes in you're old posts if you want to keep you're account. I had to delete mines.
Honeycutt22 Boy am I glad it's not just me that git redacted winds up, thought I'd turned into a cranky old troll....
(He has started a crypto coin in the past apparently?)
Watch for down votes in you're old posts if you want to keep you're account. I had to delete mines.Honeycutt22 Boy am I glad it's not just me that git redacted winds up, thought I'd turned into a cranky old troll....
(He has started a crypto coin in the past apparently?)
Hey SychoPhant
cnhash here, you upvoted a post of mine earlier. It's interesting to run into HT members outside the cheerleading circle XD.But for the record I pulled all my money out of GAW a long time ago. Just too many alerts going off in my head telling me to leave while I still could.
I still like to watch all the fanboys over at HT though, I find the size of that circle-jerk going on to be massively entertaining.
hero member
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November 18, 2014, 06:58:42 PM
Quote
Hundreds of thousands of stores
In addition to major partners, today it was confirmed that HashCoin will be available to hundreds of thousands of merchants. More details coming this week!
I know its vague :grinning: I just cant say more yet.
Stay tuned :grinning:
In addition to major partners, today it was confirmed that HashCoin will be available to hundreds of thousands of merchants. More details coming this week!
I know its vague :grinning: I just cant say more yet.
Stay tuned :grinning:
OMG! They made a debit card!!!
Holy crap!!! Whats next? Cash?
November 18, 2014, 06:56:36 PM
The troll FUD guide is the start of the implosion on hashtalk. They will all work themselves into a state that anyone who doesn't agree is a troll, and I mean about anything. They will start to downvote, then the downvoted will downvote randoms out of angst. They will become paranoid that outsiders have set up downvote bots.
November 18, 2014, 05:59:51 PM
You mean this one?
https://hashtalk.org/topic/18460
I like how the CEO responded along the lines of "I could address your questions but I'd rather just tell you that you're wrong"
https://hashtalk.org/topic/18460
I like how the CEO responded along the lines of "I could address your questions but I'd rather just tell you that you're wrong"
Yeah, that was me. I had a response typed up, but I decided it was best not to post it. GAW CEO should invite me to be part of their next Google Hangout Live Q&A. All of my questions are legitimate and fair, and if he would answer them honestly it would do a lot to convince myself of his project's legitimacy.
November 18, 2014, 05:33:39 PM
Man, it looks like my post on Hashtalk stirred up quite the reaction. I've considered responding to some of GAW_CEO's messages, but I really think it would just be falling of deaf ears. So far, he seems to just deflect and brush my claims off as "subjective". Some if it definitely is subjective (some things just aren't objective or quantifiable), but it is an absolute fact that nothing Hashcoin related has been said to be peer or community reviewed, or that there is any technical evidence (code samples, diagrams) for the marketing claims made in the paper.
I'm not against Hashcoin. I hope it is successful since I'm invested (not like I had an option; Hashlets are worthless doing anything non Hashcoin related), but Hashcoin to me is currently nothing more than a mechanism I'll use to acquire more Bitcoin. If it does somehow end up being legitimately successful then I'll be along for the ride.
I just worry about all those involved in Hashtalk. Man, it has literally become a Cult of Personality over there.
I'm not against Hashcoin. I hope it is successful since I'm invested (not like I had an option; Hashlets are worthless doing anything non Hashcoin related), but Hashcoin to me is currently nothing more than a mechanism I'll use to acquire more Bitcoin. If it does somehow end up being legitimately successful then I'll be along for the ride.
I just worry about all those involved in Hashtalk. Man, it has literally become a Cult of Personality over there.
You mean this one?
https://hashtalk.org/topic/18460
I like how the CEO responded along the lines of "I could address your questions but I'd rather just tell you that you're wrong"
He's never handled criticism that well. I think that's just ego and immaturity. Keep in mind he's only 26, there's many soft skills he hasn't developed yet. He just doesn't have the world experience at this point.
What that post turned into was the fanboys massaging Josh's ego. Like Redeacted, the guy that brags about working for the NSA and has well over 6 figures invested. He's like a basement dweller living under his parents house.
Regardless - narcism attracts narcissist. So, it's an odd world on HT sometimes.
November 18, 2014, 05:30:22 PM
@suchmoon- I've read most of your other thread in the past, nice work and thank you for bringing matters like this to the community's attention.
GAW and the Zen hashlets could easily be a Ponzi scheme, but then again so could PB Mining and others. It could also be legitimate though, and sometimes when starting out big things you may have to lose a little bit to gain a huge following and the market and over time you can level out to profit. Proof of legit mining is always good/necessary, but it makes sense why a company wouldn't exactly want to post their mining address(es)- basically their company financial info.
Hashcoin to me sounds shady and I don't like something SO centralized being "marketed" as the new Bitcoin. I would never buy or hold any of those personally.
And Major merchant adoption like Wal Mart & others for Hashcoin sounds like a pipe dream meant to pacify the masses (Hashlet owners) and an unrealistic future for the coin. I for one think there's no way places like Walmart would agree to accept "Hashcoin" at their locations all of a sudden, when it has no real value outside of the GAW company IMO. If they're not accepting Bitcoin yet- there's no way they are going to support something called Hashcoin. Pro Tip- the suits at the top of those companies aren't going to think of "mining power hashing away at Bitcoins" when they hear the word Hash with it.
Good thread though- I'll have to read through more of it when I have time.
-snarlpill
GAW and the Zen hashlets could easily be a Ponzi scheme, but then again so could PB Mining and others. It could also be legitimate though, and sometimes when starting out big things you may have to lose a little bit to gain a huge following and the market and over time you can level out to profit. Proof of legit mining is always good/necessary, but it makes sense why a company wouldn't exactly want to post their mining address(es)- basically their company financial info.
Hashcoin to me sounds shady and I don't like something SO centralized being "marketed" as the new Bitcoin. I would never buy or hold any of those personally.
And Major merchant adoption like Wal Mart & others for Hashcoin sounds like a pipe dream meant to pacify the masses (Hashlet owners) and an unrealistic future for the coin. I for one think there's no way places like Walmart would agree to accept "Hashcoin" at their locations all of a sudden, when it has no real value outside of the GAW company IMO. If they're not accepting Bitcoin yet- there's no way they are going to support something called Hashcoin. Pro Tip- the suits at the top of those companies aren't going to think of "mining power hashing away at Bitcoins" when they hear the word Hash with it.
Good thread though- I'll have to read through more of it when I have time.
-snarlpill
November 18, 2014, 05:29:04 PM
Well to put my cards on the table right off:
1: I am heavily invested in GAW miners Hashlets
2: I have been banned from hashtalk (for pointing out that one of their largest customers was engaging in what I believe to an illeagal acitvity on their site)
I think Garza has some very good and innovative ideas about moving crypto to the mainstream. He is young and makes some rookie blunders. His ego and temper are both a bit larger than average.
I have to admire his marketing genius. Say what you want, but he has changed the rules on his customers and instead of complaining they (by and large) are thanking him for the opportunity.
Now THAT is marketing.
I have yet to see any evidence of any securities violations, and I have spent nearly my entire career in the investment industry.
In my opinion hashlets and the new paycoin have a somewhat better than 50/50 chance of actually working.
I believe it largely depends on enough advertising and media coverage to get non-early adopters and non-technically minded people interested enough to give it a try.
In six months all of the haranguing and teeth gnashing will be moot.
Just my 2 Satoshis.
1: I am heavily invested in GAW miners Hashlets
2: I have been banned from hashtalk (for pointing out that one of their largest customers was engaging in what I believe to an illeagal acitvity on their site)
I think Garza has some very good and innovative ideas about moving crypto to the mainstream. He is young and makes some rookie blunders. His ego and temper are both a bit larger than average.
I have to admire his marketing genius. Say what you want, but he has changed the rules on his customers and instead of complaining they (by and large) are thanking him for the opportunity.
Now THAT is marketing.
I have yet to see any evidence of any securities violations, and I have spent nearly my entire career in the investment industry.
In my opinion hashlets and the new paycoin have a somewhat better than 50/50 chance of actually working.
I believe it largely depends on enough advertising and media coverage to get non-early adopters and non-technically minded people interested enough to give it a try.
In six months all of the haranguing and teeth gnashing will be moot.
Just my 2 Satoshis.
Thanks for the reasonable post. I know I get too heated in here sometimes. I shouldn't let Josh's scummy personality get to me.
This is definitely an unregistered security. Josh has stated, unequivocally, that Zenpool profits are paid out on: 1. private rentals, 2. mining, 3. day-trading, 4. undisclosed other activities. This means that a 1MH share of Zenpool is profit-sharing of a diversified fund with several different income streams. Josh's admission to day-trading guarantees that this is an unregistered security. You are not receiving the profits of a 1MH scrypt miner.
Can we all agree on that? That a fund that day-trades with your money by buying and selling currencies must be a security?
Josh appears to admit this in the latest "Troll/FUD" that Suchmoon linked. Notice that Josh does not focus on denying allegation of running an unregistered security, but instead stresses that the SEC only steps in when "losses occur."
I imagine he means that to be pacifying, but it should be a gigantic red flag that Josh feels no need to pass on information as to the risk that his buyer's are shouldering. It is illegal not because risk is illegal (obviously), but because people have no idea they are buying something that can literally be worth $0.00/MH tomorrow. No other "miner" has such a risk profile.
If the SEC steps into GAW's office, then in that instant everything that one "owns" will be untradeable and unsellable with no value of any kind as the SEC pulls the plug on their server.
November 18, 2014, 05:17:08 PM
Man, it looks like my post on Hashtalk stirred up quite the reaction. I've considered responding to some of GAW_CEO's messages, but I really think it would just be falling of deaf ears. So far, he seems to just deflect and brush my claims off as "subjective". Some if it definitely is subjective (some things just aren't objective or quantifiable), but it is an absolute fact that nothing Hashcoin related has been said to be peer or community reviewed, or that there is any technical evidence (code samples, diagrams) for the marketing claims made in the paper.
I'm not against Hashcoin. I hope it is successful since I'm invested (not like I had an option; Hashlets are worthless doing anything non Hashcoin related), but Hashcoin to me is currently nothing more than a mechanism I'll use to acquire more Bitcoin. If it does somehow end up being legitimately successful then I'll be along for the ride.
I just worry about all those involved in Hashtalk. Man, it has literally become a Cult of Personality over there.
I'm not against Hashcoin. I hope it is successful since I'm invested (not like I had an option; Hashlets are worthless doing anything non Hashcoin related), but Hashcoin to me is currently nothing more than a mechanism I'll use to acquire more Bitcoin. If it does somehow end up being legitimately successful then I'll be along for the ride.
I just worry about all those involved in Hashtalk. Man, it has literally become a Cult of Personality over there.
You mean this one?
https://hashtalk.org/topic/18460
I like how the CEO responded along the lines of "I could address your questions but I'd rather just tell you that you're wrong"
November 18, 2014, 05:04:20 PM
Man, it looks like my post on Hashtalk stirred up quite the reaction. I've considered responding to some of GAW_CEO's messages, but I really think it would just be falling of deaf ears. So far, he seems to just deflect and brush my claims off as "subjective". Some if it definitely is subjective (some things just aren't objective or quantifiable), but it is an absolute fact that nothing Hashcoin related has been said to be peer or community reviewed, or that there is any technical evidence (code samples, diagrams) for the marketing claims made in the paper.
I'm not against Hashcoin. I hope it is successful since I'm invested (not like I had an option; Hashlets are worthless doing anything non Hashcoin related), but Hashcoin to me is currently nothing more than a mechanism I'll use to acquire more Bitcoin. If it does somehow end up being legitimately successful then I'll be along for the ride.
I just worry about all those involved in Hashtalk. Man, it has literally become a Cult of Personality over there.
I'm not against Hashcoin. I hope it is successful since I'm invested (not like I had an option; Hashlets are worthless doing anything non Hashcoin related), but Hashcoin to me is currently nothing more than a mechanism I'll use to acquire more Bitcoin. If it does somehow end up being legitimately successful then I'll be along for the ride.
I just worry about all those involved in Hashtalk. Man, it has literally become a Cult of Personality over there.
November 18, 2014, 05:01:49 PM
What do you mean out on notice?
The term "put on notice" simply means you have notified someone of the current situation moving forward and (for a lack of better words) drawn the line in the sand.
Scott-
November 18, 2014, 04:44:21 PM
One of the better posts I've read so far. I like what they're doing, although the hashcoin concept can be a bit difficult to comprehend.
If they are really backed by whales, chances are they will succeed. Josh is doing a good job as the face of the company because he's constantly in the center of attention. Some people like him and some don't but they all keep talking about him and following his messages.
I'm ready to watch the show
If they are really backed by whales, chances are they will succeed. Josh is doing a good job as the face of the company because he's constantly in the center of attention. Some people like him and some don't but they all keep talking about him and following his messages.
I'm ready to watch the show
What exactly do you like about it?
What features other than the promise of profit/success?
Are you asking about the coin or the way he promotes it?
Look at the altcoin business at the moment. There's so many and still, once in a while one makes it to the exchange. Some even get their own board of directors. Why shouldn't this one?
I'm asking only about the coin.
You say you like it, what about?
I said I like what they are doing as a company. GAW was my first cloud mining experience and I enjoyed it. I also like the fact they are trying to promote mining outside the closed circle of crypto enthusiatsts.
The concept of their coin is something completely new to me, just like cryprocurrency was 6 months ago, so I'm not the best person to go into details with. One thing I like is that it's backed by money and hardware from the start and have their own community ready to mine.
You think mr garza wants to make a coin, back it with his money and machinery, then allow everyone to swap his promisary notes for said machinery and monies ?
He would end up with nothing but his own useless promisary notes ?
He wants your cold hard cash / mining power in return for promisary notes.
He wants to take not give..... time to wake up friend.
November 18, 2014, 04:41:42 PM
Mr. Garza and his law firm have been put on notice they cannot contact, intimidate or threaten potential witnesses or any party who has properly filed a federal agency complaint against his operation and THIS is his answer? Uhmm... OK...
Let's leave it to the Feds to interpret the law and decide who has or has not lost anything playing the Mt. GAW securities game.
Scott-
Ref:
18 USC §1513(e) in the context of what is defined within §1107 of the Sarbanes Oxley Act of 2002.
What do you mean out on notice?
November 18, 2014, 04:26:58 PM
If Josh hates this forum/thread so much why doesn't he post anything on here to defend his precious company image? 
Maybe he's afraid to get downvoted and banned. Oh, wait...
He doesn't seem like a person who takes criticism well, so why would he go outside of warm and cozy hashtalk. It's also very convenient to lump the whole spectrum of his critics - from outright ponzi accusers to customers just asking questions - into one big "troll" scarecrow, without having to address anything he doesn't like to talk about. This plays well into the general HT opinion that the rest of the world just doesn't get how great the hashlets/hashcoins/hash-of-the-day are.
November 18, 2014, 04:01:32 PM
If Josh hates this forum/thread so much why doesn't he post anything on here to defend his precious company image?
November 18, 2014, 03:44:31 PM
Mr. Garza and his law firm have been put on notice they cannot contact, intimidate or threaten potential witnesses or any party who has properly filed a federal agency complaint against his operation and THIS is his answer? Uhmm... OK...
Let's leave it to the Feds to interpret the law and decide who has or has not lost anything playing the Mt. GAW securities game.
Scott-
Ref:
18 USC §1513(e) in the context of what is defined within §1107 of the Sarbanes Oxley Act of 2002.
November 18, 2014, 03:24:18 PM
One of the better posts I've read so far. I like what they're doing, although the hashcoin concept can be a bit difficult to comprehend.
If they are really backed by whales, chances are they will succeed. Josh is doing a good job as the face of the company because he's constantly in the center of attention. Some people like him and some don't but they all keep talking about him and following his messages.
I'm ready to watch the show
If they are really backed by whales, chances are they will succeed. Josh is doing a good job as the face of the company because he's constantly in the center of attention. Some people like him and some don't but they all keep talking about him and following his messages.
I'm ready to watch the show
What exactly do you like about it?
What features other than the promise of profit/success?
Are you asking about the coin or the way he promotes it?
Look at the altcoin business at the moment. There's so many and still, once in a while one makes it to the exchange. Some even get their own board of directors. Why shouldn't this one?
I'm asking only about the coin.
You say you like it, what about?
November 18, 2014, 03:22:06 PM
Good point though
... where you do not automatically become guilty of something because you have chosen to not respond...
... where you do not automatically become guilty of something because you have chosen to not respond...
November 18, 2014, 03:08:03 PM
CEO's Troll FUD Guide:
https://hashtalk.org/topic/18616
https://hashtalk.org/topic/18616
Quote
GAW_CEO
Admins
Global Moderator
Industry Innovator
Notice: Troll FUD Guide
I typically just ignore trolls. But, I know it creates confusion, especially to people that are new. So I want to arm you with facts :grinning:
Like any company we get our fair share of trolls. In our case, they primarily live under the btctalk and reddit bridge. They will use words like scam, ponzi, etc. More recently, they are asking other trolls to file reports against us with the SEC, etc. Don't let them scare you, that' their job. And a troll is not doing their job if they are not creating issues.
The most important thing in coming to your own conclusions is evidence and context.
Context
Always look at the trolls post history. You will find that about 80% of them post the same thing over and over again. More importantly, it will be the only thing they ever post about. What does that tell you? Thats called a troll.
The inverse is also quite true too. If you see, what seems to be, a troll post something negative and generally their comment history is reasonable. Then thats something to take more seriously.
Facts and Evidence
Always look for facts and evidence. When a troll alleges we have done X wrong, ask them to provide some evidence. They will either provide none, and just tell you they "know" its true. Or they will try the "well they have not proven other wise" approach. Luckily, we live in a country where you do not automatically become guilty of something because you have chosen to not respond :grinning:
Let me share something with you all (and trolls).
My attorneys regularly deal with all these agencies (FTC, FCC, etc). In almost all cases, the only times these guys get involved is when a loss happens. In other words, something has to go wrong before they act.
For example, with BFL or MT Gox. In those cases there was a loss. People lost money, that was their claim.
None of these departments will do anything when there is no claim.You can report anything you want for any reason. You can tell them "I think something is going on over there" (which is what all these guys are doing), and they are going to say "ok, let me know when something is a issue"
For example, take a look at this guy:
https://miningadvocates.org/forums/showthread.php?tid=11
"Confirmed"? By the vary nature of filing a report makes it confirmed. So it already starts off making no sense (he does it to create the illusion of sounding important). Notice the rest of it "Formal Securities Fraud Investigation Requested with the SEC "
Anyone can do that for any reason. I could, literally, go down to the pizza shop next store, make up a reason, and file a report on them. It means nothing. There has to be an actual loss.
When you look at what these trolls write, you will see one thing in common. There is no actual loss. The closest thing would be accounts that got put on hold (which were put on holds for reason). But, notice that none of these guys bring up any dollar amount. Its because they don't have one and nothing has been taken. In fact, most of these guys still do business with us!
GAW has never taken anything from someone and not given them what the purchased. If this ever becomes the case email our support email address and attention it to me, and I will address myself.
Does this make sense? Next time your dealing with a troll, just link them here.
Admins
Global Moderator
Industry Innovator
Notice: Troll FUD Guide
I typically just ignore trolls. But, I know it creates confusion, especially to people that are new. So I want to arm you with facts :grinning:
Like any company we get our fair share of trolls. In our case, they primarily live under the btctalk and reddit bridge. They will use words like scam, ponzi, etc. More recently, they are asking other trolls to file reports against us with the SEC, etc. Don't let them scare you, that' their job. And a troll is not doing their job if they are not creating issues.
The most important thing in coming to your own conclusions is evidence and context.
Context
Always look at the trolls post history. You will find that about 80% of them post the same thing over and over again. More importantly, it will be the only thing they ever post about. What does that tell you? Thats called a troll.
The inverse is also quite true too. If you see, what seems to be, a troll post something negative and generally their comment history is reasonable. Then thats something to take more seriously.
Facts and Evidence
Always look for facts and evidence. When a troll alleges we have done X wrong, ask them to provide some evidence. They will either provide none, and just tell you they "know" its true. Or they will try the "well they have not proven other wise" approach. Luckily, we live in a country where you do not automatically become guilty of something because you have chosen to not respond :grinning:
Let me share something with you all (and trolls).
My attorneys regularly deal with all these agencies (FTC, FCC, etc). In almost all cases, the only times these guys get involved is when a loss happens. In other words, something has to go wrong before they act.
For example, with BFL or MT Gox. In those cases there was a loss. People lost money, that was their claim.
None of these departments will do anything when there is no claim.You can report anything you want for any reason. You can tell them "I think something is going on over there" (which is what all these guys are doing), and they are going to say "ok, let me know when something is a issue"
For example, take a look at this guy:
https://miningadvocates.org/forums/showthread.php?tid=11
"Confirmed"? By the vary nature of filing a report makes it confirmed. So it already starts off making no sense (he does it to create the illusion of sounding important). Notice the rest of it "Formal Securities Fraud Investigation Requested with the SEC "
Anyone can do that for any reason. I could, literally, go down to the pizza shop next store, make up a reason, and file a report on them. It means nothing. There has to be an actual loss.
When you look at what these trolls write, you will see one thing in common. There is no actual loss. The closest thing would be accounts that got put on hold (which were put on holds for reason). But, notice that none of these guys bring up any dollar amount. Its because they don't have one and nothing has been taken. In fact, most of these guys still do business with us!
GAW has never taken anything from someone and not given them what the purchased. If this ever becomes the case email our support email address and attention it to me, and I will address myself.
Does this make sense? Next time your dealing with a troll, just link them here.
This guys really more of a moron than we give him credit for. "they primarily live under the btctalk and reddit bridge" does he mean the other forums that he cant sensor like hashtalk? Everything this guy writes is just smoke and fucking mirrors.
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