Topic: How much has GAW/Josh stand to make from Paycoin? (Read 2301 times)
I think he sets to make 3-5 in the slammer
Definitely enough to afford a new real lambo. None of those 10+ year old used lambos and lambo kits he has been seen playing with. 
I lol'd at one of the emails which said he needed bodyguard security for some random town in Florida. As well for spending money on escorts - that was clearly a market demographic study, you know if hookers accepted PayCoin that could result in drastic user adoption and a boom in capitalization...
I think Josh thinks he is European Royalty or something but reality nobody knows who the f*ck he is and Cryptonerds are limp wrist types who would never hurt a fly. If nobody pounced on that fattie Karpeles, they're not going to start a fight with a guy who is like 2x the size of Karpy and has a bodyguard with a concealed weapon.
I lol'd at one of the emails which said he needed bodyguard security for some random town in Florida. As well for spending money on escorts - that was clearly a market demographic study, you know if hookers accepted PayCoin that could result in drastic user adoption and a boom in capitalization...
I think Josh thinks he is European Royalty or something but reality nobody knows who the f*ck he is and Cryptonerds are limp wrist types who would never hurt a fly. If nobody pounced on that fattie Karpeles, they're not going to start a fight with a guy who is like 2x the size of Karpy and has a bodyguard with a concealed weapon.
This paycoin fiasco dragged on much longer than I thought it would. It appears the end is near.
I cannot believe the balls this guy has for perpetuating the scam. I thought he would have ran away with the money months ago but he just kept milking the "cult" of more cash.
I cannot believe the balls this guy has for perpetuating the scam. I thought he would have ran away with the money months ago but he just kept milking the "cult" of more cash.
Notice how all the shills have now gone silent and their attacks have stopped? Fuckers had a fork stuck in them. Done and Done! Fuck you GAW. Fuck you Paycoin. Fuck you Homero.
This community used to be full of libertarians and quality discussions
It still is, if you know where to look and how to avoid the altcoin threads full of credulous greedy children/redditurds.
Check out the 'gold collapsing - BTC up' and various Monero threads for some great reading material.
Adam B, the Grandfather of Bitcoin, has been hanging out in the former for the last few days!
So, didn't get an answer from you guys so done my own digging.
Looking at the past activity on bitrex, the split with other markets and some assumption that maybe 50-75% of coins sold were solely benefiting Josh's pockets I estimate he's made between 2 and 5 million dollars from you lot.
If it's a scam then its a pretty good one.
Looking at the past activity on bitrex, the split with other markets and some assumption that maybe 50-75% of coins sold were solely benefiting Josh's pockets I estimate he's made between 2 and 5 million dollars from you lot.
If it's a scam then its a pretty good one.
Looks like fraud, smells like fraud.... Just another day in our amazing alternate reality.
This community used to be full of libertarians and quality discussions, but that changed dramatically during the first Huge bull run from under $1 to over $30.
This community used to be full of libertarians and quality discussions, but that changed dramatically during the first Huge bull run from under $1 to over $30.
It is a good point though, in such an unregulated market what constitutes as fraud?
"Fraud is a deception deliberately practiced in order to secure unfair or unlawful gain"
http://en.wikipedia.org/wiki/Fraud
only because the market is not regulated doesn't mean fraud couldn't happen or wouldn't be punishable or even allowed. Many have missconception. Talking to your lawyers is recommended.
Correct. The US Government got involved in the Mt Gox Scam. This one is on their own turf. They will be coming for Josh and company once the complaints start to roll in.
It is a good point though, in such an unregulated market what constitutes as fraud?
"Fraud is a deception deliberately practiced in order to secure unfair or unlawful gain"
http://en.wikipedia.org/wiki/Fraud
only because the market is not regulated doesn't mean fraud couldn't happen or wouldn't be punishable or even allowed. Many have missconception. Talking to your lawyers is recommended.
Correct. The US Government got involved in the Mt Gox Scam. This one is on their own turf. They will be coming for Josh and company once the complaints start to roll in.
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It is a good point though, in such an unregulated market what constitutes as fraud?
"Fraud is a deception deliberately practiced in order to secure unfair or unlawful gain"
http://en.wikipedia.org/wiki/Fraud
only because the market is not regulated doesn't mean fraud couldn't happen or wouldn't be punishable or even allowed. Many have missconception. Talking to your lawyers is recommended.
They've been a fraud long before Paycoin. Many trusted members tried warning people. Reap what you sow and all that
Many of those statements are just that "statements". Josh runs a well known website and if any of those "trusted" members had enough proof they would do crypto a favor and file a lawsuit to bring it down but I think majority of statements in crypto are personal statements rather than absolute truth.
Why would we sue something we are smart enough not to get involved in? Herp derp
If you aren't involved in something your statements will ALWAYS be biased one way or the other.
They've been a fraud long before Paycoin. Many trusted members tried warning people. Reap what you sow and all that
Many of those statements are just that "statements". Josh runs a well known website and if any of those "trusted" members had enough proof they would do crypto a favor and file a lawsuit to bring it down but I think majority of statements in crypto are personal statements rather than absolute truth.
Why would we sue something we are smart enough not to get involved in? Herp derp
I think Gaw developed a loyal following in the early days by selling hardware and cloud mining.
Apparently he treated his customers well and many will attest to making money.
Declining prices pretty much made hardware and cloud mining a losing proposition. That's when the Paycoin idea was hatched.
Was it a grand exit plan? Who knows.
Apparently he treated his customers well and many will attest to making money.
Declining prices pretty much made hardware and cloud mining a losing proposition. That's when the Paycoin idea was hatched.
Was it a grand exit plan? Who knows.
They will think of something. They have the money to do it and they aren't people who pack their bags and run.
The facts are that people, who bought hashlets from GAW early made a lot of money, those who didn't because bitcoin went down and mined hashpoints instead, also made money.
If you mined paycoin you also made money, so IMO GAW is a succesful company.
If you came to the party to sell early and bail without profit, don't blame them, blame yourself.
Spoken like a true shill
They've been a fraud long before Paycoin. Many trusted members tried warning people. Reap what you sow and all that
Many of those statements are just that "statements". Josh runs a well known website and if any of those "trusted" members had enough proof they would do crypto a favor and file a lawsuit to bring it down but I think majority of statements in crypto are personal statements rather than absolute truth.
They've been a fraud long before Paycoin. Many trusted members tried warning people. Reap what you sow and all that
He committed fraud.
Maybe in the spirit of ethical trading he committed fraud, but in law did he? I think he's been very clever dropping hints here and there and the rest of the community, or people with an interest in the coin have done the rest.
Yes.
I'll bite, what Fraud did he commit, and have you been to the authorities about it? what did they have to say?
can we expect a public statement, major news articles about this Fraud?
Go to the other thread for your proof troll
But which one there are so many these days
/ignore
He committed fraud.
Maybe in the spirit of ethical trading he committed fraud, but in law did he? I think he's been very clever dropping hints here and there and the rest of the community, or people with an interest in the coin have done the rest.
Yes.
I'll bite, what Fraud did he commit, and have you been to the authorities about it? what did they have to say?
can we expect a public statement, major news articles about this Fraud?
Go to the other thread for your proof troll
But which one there are so many these days
He committed fraud.
Maybe in the spirit of ethical trading he committed fraud, but in law did he? I think he's been very clever dropping hints here and there and the rest of the community, or people with an interest in the coin have done the rest.
Yes.
I'll bite, what Fraud did he commit, and have you been to the authorities about it? what did they have to say?
can we expect a public statement, major news articles about this Fraud?
Go to the other thread for your proof troll
A genius who had better move to country with no extradition treaties with the USA. That fucker will be going to prison otherwise.
Has he actually done anything illegal?
He committed fraud.
Did he? are you sure about that.
Big words being thrown around here with very little actual evidence. and by evidence I do mean evidence, not baseless arguments, slander, rumor, hearsay, and articels by people that do not back up there claims with anything more then he said she said...
The only thing i've seen, read about is business practices that any business with a half decent team behind them would do
You all really need to grow up a little I think, or how about attacking Apple, Microsoft's, Starbucks business practices
No?
Fraud and fuck off.
Well reasoned reply thanks for your input
He committed fraud.
Maybe in the spirit of ethical trading he committed fraud, but in law did he? I think he's been very clever dropping hints here and there and the rest of the community, or people with an interest in the coin have done the rest.
Yes.
I'll bite, what Fraud did he commit, and have you been to the authorities about it? what did they have to say?
can we expect a public statement, major news articles about this Fraud?
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