So I wake up this morning... and looks like my account has been banned. (one of the older accounts... going back to when the forum used to be under the domain hashtrader and we talked about lots of things) has been banned for asking a simple question about how if the current staff is unable to successfully process a simple person-to-person transaction (their marketplace) without error or continuously crashing or being taking down... how in the world do they think they can run a global currency with mass adoption.
A real CEO (worth their salt)... takes the fire straight on when these questions arise. A real CEO would have answered with something like: "I'm sorry. This is all my fault. Blame me, don't blame my awesome team. We've grown so fast and so quickly and I haven't been able to hire enough staff to accomplish the things that I'm asking my amazing team to do. So if you want to ask critical question about our infrastructure or whether we are ready for the next level... ask them of me. The buck stops with me. And because it does stop with me, the failings up to this point are all my fault because I haven't given my team the resources it needed... and that changes today."
BLAM... If a CEO responds this way to criticism. Not only will his staff go deeper into battle for him because they see him standing up to protect the team but other people WANT to work for leaders like this. It shows true leadership. True leadership attracts talent.
But what does JoshCEO do... bans people that ask questions and threatens legal action to others. Go figure.
Oh well doesn't bother me, life is a lot bigger than GAW's island
I don't understand why people like to complain publicly. If you had an issue, you should have either opened a ticket, or emailed the parties involved directly to get satisfaction. All you did was moan publicly, and expected them to capitulate. It's talking-head syndrome. |
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1/ What division of US intelligence did the GAW GM work for, what other company is he also employed by and, for a bonus point, does he use the name redacted on hashtalk. Never heard of any of the above. What are you insinuating? Where's your proof? 2/ What level does a hashcoin need to maintain to return on investment at 3 or 6 months? i.e $10, $4 or something else. Please include the cost of coin and staker. Well... considering there isn't such a thing as a "hashcoin"... I'm going to say zero.  I'm trying to make sense of your question... just like with BTC... a paycoin is always going to equal a paycoin; 1 XPY = 1 XPY. Now, the exchange rate of USD to XPY can and will change. Is that what you are asking about? 3/ What density of paycoin transactions on a prime controller will it take to return a $20 investment to all investors down the chain? This question also doesn't make any sense. The prime controllers don't deal in USD. They return XPY from transaction fees, exchange fees, and staking interest. 4/ If all the big investors decide to sell their paicoin on release, how much of the $20 buy wall be left for those locking up there coins in hashstakers?
You mean the prime controller owners? They can't sell their paycoin... it's staked in the prime controller for a minimum of 6 months. Their XPY profits from the prime controller can either be saved to restake in the next 6 month round (as it will require more coins to do so), or they could dump them for a BTC or USD windfall. If they want out... they would have to sell their prime controller to someone... they can't simply just divest. |
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I'd like puwaha to answer please... I am interested in their actual take with reasoning supporting it. puwaha i'm being civil and nice here please provide a direct answer that doesn't dance around the issue.
I didn't see the video, the quality or quantity of their mining operation has never concerned me. Can you give me a link? I'll watch and give my honest assessment. |
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I have a couple of questions. What is your take on the lack of miners shown in the video. Don't you find it the least bit suspicious that there was no sound (to possibly hide the number of miners running), the camera was angled at a certain position... and there was no walk through. Do you not think that if its so easy to provide evidence in a walk through that they shouldn't have overlooked it? Sorry, I haven't seen the video. This has never concerned me. Based on just this alone can you see where peoples suspicions lay? The video walkthrough stated people could tell him where to walk and then it becomes an orchestrated controlled video. Should GAW not at least address that to prove 5 PH at least? I'm guessing that they didn't do it the way that you wanted it done. Satisfying hundreds of different requests was probably not feasible, and he was probably ordered to do it that way. On another note do you find it unreasonable that a person investing ask for said proof of their investment? If so why not? Why should a CEO's word rival proof.
You won't get that kind of proof from any other company that I can think of. GAW has bent over backwards to try and satisfy their critics, but the boo-birds and naysayers will never be satisfied. |
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Also, could you explain the dynamics of Paycoin? How does it work that everybody can stake 400% per year in cashtakers and the money supply is unlimited. Where does all the cash come from and why?
... explain the dynamics of paycoin?... You'd have to be more specific. I'm not going to write a dissertation on the paycoin economy. How can everyone stake at 400% per year? It's easy... that's the way the algorithm is setup to do so. You have to remember, they are not giving you USD... but paycoins. So they aren't giving you real money, just fake internet money that could be exchanged for USD or BTC at whatever the rate is for that moment. It's their belief that the value of this exchange should be kept from tanking due to their cash reserve, where they can buy all the dumped coins at $20 to keep the value stable. Where does all the cash come from? It came from the customers themselves! People buying hashlets directly, their 10% cut of market sales, hashstaker sales, etc. How many coins will there be after PoW? 12.5 million according to the whitepaper. What about after 1 year of PoS? Unknown, because coins are released in paycoin's POS scheme based on demand. It's not a steady flow like in other coin's POS schemes. The more demand there is for the coins, the more coins will be minted by the prime controllers via their staked coins. When will PoW start? Where can it be mined? At the end of what would have been round 3 of the ICO. The details of where it can be mined have not been released yet. When will the wallets be released? Standard wallet software will be released when the coin goes live. All this is standard stuff for a coin release. Where can we exchange Paycoin on the exchanges? On which exchanges? TBA |
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Why not just answer the question? I don't work for GAW, so I don't have any information on that question. Sorry. Or another one: How much actual hashpower does GAW have and what will they do with it now when many opted for cashtakers, freeing their "hashing"?
How much actual hashpower do they have? Considering they will not outright say, people have tried to make educated guesses based upon how many hashlets are believed to be out there. Josh did say that they have 100% hashpower to the amounts that the customers hold. What are they going to do with it? The same thing they have been doing all along. Renting it out to other companies. I'd speculate that this is where a lot of these newer cloud mining outfits magically get all this hashing power, but the total network hashing power doesn't seem to be increasing that much. They rent hashing power at a discount then resell it as virtual miners for a higher competitive price. |
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I clicked the ignore button under your name and i suggest everybody else does the same
Coward. You can't take it? |
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I clicked the ignore button under your name and i suggest everybody else does the same
I hope not... then you wouldn't get my witty retorts. You start out with nothing but vuglar replies. What did you expect? |
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Do you have a real question?
Seems like a valid question. So why don't you answer it? Oh, for fuck's sake... I'm not employed by GAW/Zen. What purpose does this serve? Have any of you heard of relevance? |
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It's a legit question. I had the same initial response, then I went to actually look it up. The Delaware Division of Corporations search doesn't produce the names of the owners, strangely. Only the registering agent.
So... what's the angle? Don't play coy... what are you insinuating? |
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<-- Page 202 - still waiting?
If that's too hard - lets start with a simple one - who owns Gaw miners?
Really? This is your question? Fucking piece of shit, reply with an answer not with another questions like your master Garzas Are Wankers Poofy... Let's try a new tact. Do you have a real question? If not... do you want me to answer your rhetorical question? |
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<-- Page 202 - still waiting?
If that's too hard - lets start with a simple one - who owns Gaw miners?
Really? This is your question? |
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Such a Mickey Mouse operation over there. They have NEVER done an upgrade/update without issues. After all these months and all the money they have taken they still can't get shit right. Doesn't that concern you faithful at all?
Concern? No. Frustrate? Yes. |
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So start contributing something that would change our minds.... like a fucking true fact about any of this GAWful mess!!!
Please ask a question first. We don't have time to play around with your open-ended never-ending changing goalposts. We've got our own to deal with over at Zen. Besides... we are all busy converting hashlets and hitting F5 for the next few days. |
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Fools and their money ...
Did you wear a condom? Someone is butthurt after this I would think. Hello "Scarecrow".  |
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I keep a bag of coal as well, in hopes of one day they will be diamonds... or I need to bbq.
Touche... good one.  |
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I'll keep a few Primes and my Genesis just in case this thing pans out, At the moment though it's risk management for me.
Would really like to see my 170k plus points turn into BTC but I am not counting on it.
I love how half the critics here are saying something similar to the above. Why not totally divest if you think it's a ponzi? I have no idea either way, but people here state valid concerns, They do have concerns, but the validity is still yet to be determined though. No company in the history of mankind has ever been able to satisfy every customer... let alone satisfy any determined detractor. I have already reached positive ROI so I'll let a little ride with GAW to see how it all pans out, I mainly have Genesis now as they are the only thing mining BTC, If I feel it's going full Ponzi I'll dump them on the market, I could already make profit doing that now as bottom line is 0.51 I bought at 0.45, but they are paying daily at the mo so I'll hold for a bit.
As far as the Primes there could be a price boost on the market, if so I'll dump my last few.
You've reached "break-even"... you mean. ROI is different. But, I digress. If you have reached break-even, what concerns do you have? It seems you have done well with your Zencloud experience. |
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I have never met a beloved ceo like homero, Oh, so you've met him personally, have you? Prove it. |
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What really gets me is why do they only ever give half truths?
Because you will never be satisfied. That's the way it is on internet forums. If someone presents evidence, too many people try to weasel out of the demand, stating... "Well, it was only a half-truth... or he didn't fulfill all my requirements." |
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I'll keep a few Primes and my Genesis just in case this thing pans out, At the moment though it's risk management for me.
Would really like to see my 170k plus points turn into BTC but I am not counting on it.
I love how half the critics here are saying something similar to the above. Why not totally divest if you think it's a ponzi? I believe that if it was possible to sell hashpoints even at face value ($0.01) many would do just that. After mining coupons for two months there is not a lot of choice now. Forfeit everything or sit and wait. I wasn't even referring to the hashpoints... it' more like these types of posts: I'll keep a few Primes and my Genesis just in case this thing pans out Just in case... |
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