Topic: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-) - page 43. (Read 262906 times)

EDIT
Lmfao Kebabman. People coming here from there is like apples falling off of a tree, 1 at a time. Loved reading your posts there when I was a member, and many other peoples posts too because they were very informative (Alien, Scott, Crash, Cassey, SD to name a few).

Speaking of Cassey, I have not seen any of his posts in a while.

Well Josh doesn't get subtle, I wanted to see how far I could push it. Guess I found the line.

He is a good christian though, no way he is doing anything immoral.  

https://www.youtube.com/watch?v=El-cl2d6yys

The only time I notice LTC Gear is when you guys bring it up. If you don't like it, don't pump it. Just saying. There is a lot to discuss on the actual subject of hashlet/point/coin if you were at all interested in that.

Well you weren't exactly going for the subtle approach, were you?

Called it!  

That guy does it every day...can't make one post, has to put it in 3 or more multiple times a day.
At least, it is giving GAW Hashlets more visibility.

Yep, that led me to believe that any hashrate they have is not Scrypt, there is just no conceivable way (or reason) to hide that much in Scrypt networks. SHA256 on the other hand is doable (let's say they have 50 GH/s SHA256 for each 1 MH/s of Scrypt they sell) but given the meager profitability of SHA256 hardware, declining BTC, only 5 PH/s confirmed order (they need 20+ PH/s to sustain payouts) and still no evidence of found blocks, it's getting harder to believe that theory either.

He has explicitly stated on more than one occasion (and I'm too lazy to look it up, sorry) that what bitcoin and other crypto currencies were lacking was marketing. Loose quote: "imagine if bitcoin started with $50m marketing budget". So it's natural that he starts with marketspeak and hype.

Oh yeah they will...  

The same shennigans went on during the 1990's pre tech wreck, pre google, pre Youtube pre alot of things we currently have. Back then was a huge push anything tech any thing "internet" related to get it out trading ASAP. It is similar now to what is going on with BTC/Crypto related sectors. Almost a mirror image. I can give you dozens of examples of dead high fliers from that era... show you where their corporate bones are fossilized if you like. Oh well Fast forward 20 years.

Terminology is different the principals are the same, I have no doubt that they have VC's or maybe even a few IB's whispering sweet nothings in their ear, possibly even putting agreements to paper.

 "Over allotments, floorless debentures, first out's with residual lead ons and other "backing". Those probably arent what these instruments are being called... but that is what they could be. It wouldnt surprise me there is an agreement "pre sale up front money being offered" or already in place.

Just reading over the way things with the ZenMiner has gone, the ever changing terms and rules, the confusion of if you own a miner or equity, the terrible customer service service and other red flags I am seeing, GAWS management is like sheep being led to slaughter or their "customers are like sheep being led to slaughter"... that remains to be seen.

I am sure they will release the Hashcoin and then VC's IB's with the first outs will actually be the first out, you will see a coin dump and a price dump. If GAWs management doesnt play ball and interferes with this, there will be hell to pay, I wonder if the GAWS Management know that?

If there are "over allotments" the IB/VC's will come back and load up on whatever amount of the over allotments are and you will see round 2 of the price dump. Maybe GAW's Management will be locked out of round 2... maybe not?

Then if there is a "residual lead on agreement" then it will really get ugly for a very long time to come.

Oh lets not even go into the "Floorless debentures or contract for devs or however these are being named and presented".

Maybe I am wrong about what is going on behind the scenes? Maybe not... but GAWS management strikes me as the type that would go for these "quick kill" types of funding and the pass off the losses to the "bigger fools" ie their customers/equity holders or whatever it is we are considered today.

Funny thing is... there was a poster or scammer? claiming he had been scammed out of 750 BTC by GAWS... I dont know if it is true or not, but I was some what inclined to believe him at first. Why? Because I know of many people at that level that actually do those size of movements, no big deal just another transaction.

(sigh) anyhow the only reason I tried GAWS in the first place was I have my own project going and was looking for a cloud mining service, testing various cloud mining services and wandered into this drama accidently. Let me say this it was a cheap lesson and I am not going to be using them for anything other than watching this lab experiment they are conducting.

But dont kid yourself there is some big and easy money out there at the moment, I imagine GAWS actually do have some VC/IB's talking to them.

Are you spamming consecutive posts to get more visibility of your ltc gear sig? Your colleague was doing the same thing on earlier today.
https://bitcointalksearch.org/topic/m.9412899

I honestly don't think it exists at all.

No bank will partner or give this guy money.

To me the most telling information recently is the bit in the Q&A where they talk about their coin being controlled and regulated. They are trying to bridge the gap between Bitcoin and the banks but I suspect they will have alienated both sides once the hype fades. I don't understand how anyone who believes in Bitcoin could be so sold on this concept.

Why should I care if my HP account gets banned? The thread stays open, so that is good enough for me.

As for motives, I think that people are losing money with GAW without realizing what kind of financial vehicle or risks are associated with it. If they make a reasoned choice, aware of the controversy surround GAW, then choose to invest then that is their prerogative.

Panic-buying is just as bad as panic-selling. It leads to regret. If I can inject enough concern into someone so that they think first, then act, then I am content.

Josh's public ICO statement seems crafted to induce panic-buying. It is unfortunate he so commonly resorts to such shameful tactics.

Page doesn't exist

If you knew this will get you banned why post it? Want to make a martyr of yourself?

Yep, Cyberlizard posted a reply claiming that "thinking is allowed" then the thread vanishes and I am banned.

He, of course, missed the distinction between leading with a whitepaper or hard info and instead told me that "if you would think less and read more you'd know it's [whitepaper] about to be released."

Good to know HP admins remain ever vigilant protecting their tender sheeplets from the cruel prodding of the literate.

edit: thread is back!

edit #2: an admin higher-up than lizard must have decided the thread can not be allowed to exist. Missing again.

I will be getting banned shortly: https://hashtalk.org/topic/15999/ico-2000-profit-in-weeks-totally-reasonable-0-risk-risk-is-so-1999-always-make-money-unless-you-don-t-and-instead-make-hp

Let's examine this ICO fervor that Josh is building.

1. Josh says that the new coin will be launched at 20.

If we take him at his word, which is dicey at best since Josh has lied or been mistaken so many times in the past, this still does not mean that it will stay at 20 for more than .0001 seconds. Just long enough for Volder to do a market sell of his 100,000 coins and then post another new car he bought with your money.


2. Josh does not stop at the 400% gain you will supposedly be able to realize at launch, but instead attempts to persuade you to hold with his lure of "analysts" (no doubt trained analysts in business suits) predicting upside as high as $75 within the first few weeks of launch.

No one can know how a market will act. But especially not a market that does not even exist yet. Josh's latest fantasy has absolutely no data, patterns, or any other foundation upon which to predict future action.


3. What should be even more disturbing than Josh's marketspeak, is what Josh does not say. Josh does not provide us with hard numbers, a white paper, any information about these supposed "Venture capitalist partners," or any factual information at all.

Look at every single ICO on these forum boards--there are thousands of them--but each begins their first post with some hard numbers. They tell you the % of pre-mine or early distributions, they tell you total number of coins, reveal how they are adjusting difficulty, and many many more hard facts. They most likely will still be unsucessful, but what they choose to lead with evidences what they value.

Leading with hard numbers, stats, and facts evidences that one believes these things matter. That a coin's success depends, in a large part, on how well it is planned out with an eye to algorithms, crystallographic proof, distribution, market cap, and utility.

Bitcoin did not start with a forum post making claims about profit. It started with a whitepaper released quietly into the internet which spoke for itself.



Analysis: (disclaimer: I don't wear a business suit, but I do analyze things for a living)

By comparison Josh has chosen to lead with the "potential" for the coin to increase by 2000% in value in the last few weeks of 2014. Does Josh not believe in the technical merits of his own coin, or does he think that his customers are too ignorant or stupid to judge it based upon such criteria? Does Josh perhaps not understand his own coin or what others might value in a cryptocurrency?

The bottom line is that Josh is selling you greed--not a product he backs, believes in, or understands. You can tell by the way he markets it.



I will leave you with a snippet of the ever changing GAW terms of service:

GAW ToS 3.12:  GAW as defined herein is not engaged in providing investment products, regulated commodities, or financial products of any type or kind...GAW is neither licensed nor qualified to provide investment advice and you are specifically and adamantly advised not to rely upon anything posted/communicated/implied or expressed by GAW.

I believe they will start selling specialty miners for the coin. They can raise some funds there and if they create a premium service for processing transaction faster then they maybe able to charge for that. I am concerned about  speed of network if they are going to have a consumer based "card". I don't want to wait 15 minutes for an OK