Okay... so, garza was getting a $300k+/yr salary that was around $13k/2weeks + he got $333,333.33 of his loan to GAW Miners paid back THIS YEAR + he got $20k from somewhere else (the foundation?) paid back THIS YEAR...
So, to date THIS YEAR, he's taken approx $457k+ out of those dweebs
And, they're over there saying how their kid's education funds are flattened and they can't pay their mortgage when he's really darn close to half a million dollars and it's not even the end of April...
So, to date THIS YEAR, he's taken approx $457k+ out of those dweebs
And, they're over there saying how their kid's education funds are flattened and they can't pay their mortgage when he's really darn close to half a million dollars and it's not even the end of April...
There is alot of shit that doesn't make sense, especially considering the 200k paycoin that was apparently sold for cash to pay back a loan he made to him fucking self was valued at over $400k at the time he most likely sold those coins. but yet only a 3rd of his loan to himself has been paid back?
He is also suggesting that he has bought 10 times more than the 350k he dumped, so say 3.5million , other people have quoted a price of 10 dollars per coin, but even at 2 dollars per coin , which is far more realistic of a price to quote overall average, that is 7 million dollars he apparently bought up(he hasnt bought any for weeks he stated so didnt buy any super low priced)
7 million dollars worth of trade volume is 70 days at $100,000 a day , which for the last few weeks they have rarely topped half of that .
there hasn't been enough volume for the amount he claims to have bought, it is almost impossible, unless he is the sole person creating volume and keeping the whole market up with his "buying back"
I would imagine the "loans" were to hide money from taxes for tax year 2014... so that was prob sourced cash from 'investors' and his selling of hashlets, etc... then you add in the price fluctuations and I can't say that I'd want to be the IRS forensic accountant going through his records... but I'm sure they have automated tools at this point thanks to silk road, but, I'm willing to bet that a lot of the idea for the paycoin was a way to hide funds as well.
But, as far as day's trading activity... in the time I've been watching it, it's rarely (if ever) been over $50kUSD in a day... and closer to $25kUSD on most days... so, the whole buying millions and millions must have happened off chain at mineral.com or something :-)
And people continue to put Buy Bids up, following the blatant pump like lemmings, even after Homero is admitting the whole thing has been a scam all along. Idiocracy is upon us.
