The company that was manufacturing the VBs for GAW went belly up. GAW then gave buyers an option to wait for delayed VBs or convert to hashlets. GAW then hired a new company to make the VBs and they are estimated to ship some time in December.
My guess is GAW lost money on the VBs. So to answer the question, are they real? Only in Josh's head.
that's interesting - what is you chose to wait for the VB's - any estimated time for delivery? No more information. I think GAW is working privately with these customers to not make the VB debacle more public than it is. |
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PayCoin is a pretty big deal on hashtalk, but i notice it's not on the radar on this forum. I just wanted to get forum members thoughts on this new coin and if anyone is planning on mining it ?
It's a big deal on Hashtalk because hashtalk is owned by GAW. So everyone there pumped up everything about GAW. It's everyone drinking the kool-aid. |
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The company that was manufacturing the VBs for GAW went belly up. GAW then gave buyers an option to wait for delayed VBs or convert to hashlets. GAW then hired a new company to make the VBs and they are estimated to ship some time in December.
My guess is GAW lost money on the VBs. So to answer the question, are they real? Only in Josh's head.
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So as someone "invested" in mining at GAW (and other places) and also a fairly hardcore skeptic on this new coin, I have to say this thread has devolved into absurdity. I come here looking for solid, reasonable risks (quantifiable) with regards to Pay Coin. Lord knows I don't get to see much of that at Hash Talk. So with a few good comments on the technical limitations of the coin, and the vast abyss of the unknowns of the coin, we're surrounded with personal attacks on GAW and Josh, and a significant amount of untrue statements.
Is the Cantor guy the father in law of Garza? I've seen it posted here no less than 3 times.
The Garza vs youtube vid posted? Not OUR Josh Garza?
These things absolutely destroy the credibility of the detractors of GAW. Even those that have legitimate issues with the company. If this is a moderated thread, I ask the moderator to start removing the proven wrong accusations to allow a real picture for those looking. Otherwise what's the point? A circle jerk hatred thread to GAW? That serves no one.
I have a serious problem with ALL so called crypto news outlets. The CCN articles are shit from start to finish. They are glorified press releases with a question at the beginning. That said, the coinfire article also was far too anonymous. LEO, if you stand behind your research, which may or may not have been performed by you, then you should post your full name and stand behind the article. The fact that you named a Walmart source (Tara) was great, but you should have done for all of the contacts you spoke with and you should have put your name out there.
Anything less, and I hold CCN (and the like) to the same standard, is a fucking blog. Blogs are not news, they are, at best, an opinion piece. The fact that the coinfire article had its origins from Reddit (oddly enough one redditor, weeks before this article was posted, also said one retailer threatened legal action regarding GAW's claims) doesn't lend credibility to the article. Did LEO just contact the redditor in question and ask details? Is that part of their "team", or did LEO contact these people directly?
Yup so I guess the WSJ blog post is an option piece and be treated with the same disdain then. |
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I can't believe Josh has the balls to say banks control b your funds and your access to then but GAW doesn't. Yet as a former customer I've had my funds frozen more times at zencloud in 1 month than I've had in 7 years using PayPal.
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Sorry about that, couldn´t resist.
I hope most people realize that the general public rarely reads the comments at the bottom of a story. True but the general public won't be reading it. Yeah but millenials go straight for the comments because tl;dr. So there is that. |
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If your going to report whats going on, its important you use facts.
Let's clear something up, a fact is something that can be verified to be true. Stop misusing the word. 1. My response to coinfire is still posted. Do a little searching.
I read it in it's entirety and it's pathetic. If you think ad hominem and unverifiable claims are going to win you any points outside of hashcult you're sadly mistaken. 2. We now haver over 1 million invite request for paycoin. So I would say its going pretty well. I have over 10 million invite requests for jimmothycoin. 3. Our NDAs are preventing us from announcing our large partners. Its ok with you don't believe. But the only way to prove it is to wait and see what happens. So how about holding of on spreading FUD until that happens? Jimmothycoin will also be launching with partnerships with some of the worlds largest banks, investors, and nation leaders. (can't tell you exactly who because of NDA's, but I can tell you they are planning on investing billions) 4. Coinfire did not provide any more evidence then we have, so why does that make us liars? And not them? In any case, our legal team will force them to show their sources, so we will know the truth soon enough. You're actually right about this. 5. There is no evidence of any of the claims you are making in and the links you posted. Just people doing the something your doing here, speculating and trying to pass off opinions as facts
The burden of proof is on the person making the claims. Our partners got upset that I released their names ahead of time We said a few things before our partners were ready for folks to hear it. So do these partnerships exist or not? At the time of these quotes, there were no other partnerships mentioned/rumored other than Walmart/Target/Amazon. GAW why not post pictures of the NDAs with all the names of the businesses blacked out, that way you are not breaking the NDA. Don't believe us, thats ok too  Just don't go around saying we are lying when you don't have any proof of that. Time will tell. Haha. He won't respond with the NDA because he cant provide one. Everything he says is hearsay. He could say he has a magic pink unicorn that farts rainbows in his closet but he is under NDA to not show it. It's all bullshit at this point. All he is doing is priming the pump trying to make him and his investors more money on the backs of these so called hashlet "miners". It's all word play to keep the game going. Every time prices in the hashmarket fell Josh comes out and pumps the crowd up to keep prices aloft Hashlets are the worst miner to come into existence. A Hashlet Prime has an ROI over 500 days if difficulty was flat and prices didn't change over that time. Even the Vaultbreakers were a joke. All the chest puffing about scrypt mining is his house and well after KNCminer ships their Titans, GAW has yet to ship a VB. Why? On they had problems delivering on the promise to ship before KNCminer because the company that made the miners for GAW went under. So not GAW is scrambling to try to get something out to the customers that wanted physically miners months after they were supposed to ship. |
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I am still holding my hashlets whatever, but soon as I can get out I am gone. Ive had enough of the fluff and bullshit that is hashtalk and its supporters. You can really tell that gaw has been mindful about trying to get noobs on board and into this pseudo mining game. I swear most of the people on there have an average age of about 20 and iq of about 70 as they aren't showing me anything that doesn't support my theory. That is the mob mentality on there and drowns out just about everyone. Josh has setup hashtalk to be a self serving community where by the wrong thing said can cost you money that you mine via down votes. So that means the dumbshits of the forum will outnumber you and change the dynamics of the forum on how to communicate and act accordingly. Do it as an experiment next time you get on, start a brand new account and post something that paints gaw in the best light and you will be up voted big time, soon as you have a concern or ask a question watch the down votes flow in (will be more than up votes I promise) Now josh rewards the ass lickers/brown noses of the forum who spout only good shit about it, so you can imagine what this has done, now everyone wants to be a ass licker for a possible reward.
I don't hate. GAW thoroughly disgusts me and I find Josh to be a deplorable character on every level. With that said, you might want to sell your, what I'm sure is a vast collection, hashlets and come on over to LTCG where you actually mine coins and get paid out. Better yet, you just stay at GAW and go down with the ship. I really do feel sorry for you. I'm not sure if your medication isn't working or you've just run out. Please crawl upstairs from mommy's basement and have her fill your prescriptions already.
Also are you guys aware that even ltcgear is dropping faster then a brides nighty.  Jacques . the graph you are citing does not account for the multiplications at LTCgear ever 6 weeks which have added an addition 25-55% of your existing hashrate. The graph also does not take int account any reinvestment strategy. If you graphed hashlets you would see that they are falling in performance just as all miners including ltcgear but they are current 1% as profitable as ltcgear. Dude, I am invested in ltcgear too, and I an not this boased to their ponzi scam too. https://ltcgearcalc.com/Here is where I got this chart from. Jacques, I know where you got the chart from, but if you knew that it did not provide all the information about LTCgear why would you post it and risk making your evidence un-credible? |
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Anyone want to crowd fund a 'anonymous' fund to have gawminers dox'd and find out the companies real info?
It would feel nice to know they aren't scamming people anymore.
Fuck off idiot I have money in there and if you get that done and I lost it all, I would come after you all because you want to find out information that is already in the public domain. Why would you lose money because somebody doxes a company that holds it? But I agree, doxing them won't prove if they are mining or not. Are you simple ? I am free to sell my hashlets and primes at anytime. If the site goes down I cant, and if gaw decides fuck this and dont come back online then where is my money now ? But I digress I am giving the idiot publicity for his stupid claim that he has no clue on even how to do it, or who to speak too more like just some 16 year old hurling insults that he has no clue about. I dont take what he said as anything to be worried about personally, just some little faggot being mouthy for the sake of it. Strange that you are willing to take such a high risk for so little reward. |
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I am still holding my hashlets whatever, but soon as I can get out I am gone. Ive had enough of the fluff and bullshit that is hashtalk and its supporters. You can really tell that gaw has been mindful about trying to get noobs on board and into this pseudo mining game. I swear most of the people on there have an average age of about 20 and iq of about 70 as they aren't showing me anything that doesn't support my theory. That is the mob mentality on there and drowns out just about everyone. Josh has setup hashtalk to be a self serving community where by the wrong thing said can cost you money that you mine via down votes. So that means the dumbshits of the forum will outnumber you and change the dynamics of the forum on how to communicate and act accordingly. Do it as an experiment next time you get on, start a brand new account and post something that paints gaw in the best light and you will be up voted big time, soon as you have a concern or ask a question watch the down votes flow in (will be more than up votes I promise) Now josh rewards the ass lickers/brown noses of the forum who spout only good shit about it, so you can imagine what this has done, now everyone wants to be a ass licker for a possible reward.
I don't hate. GAW thoroughly disgusts me and I find Josh to be a deplorable character on every level. With that said, you might want to sell your, what I'm sure is a vast collection, hashlets and come on over to LTCG where you actually mine coins and get paid out. Better yet, you just stay at GAW and go down with the ship. I really do feel sorry for you. I'm not sure if your medication isn't working or you've just run out. Please crawl upstairs from mommy's basement and have her fill your prescriptions already.
Also are you guys aware that even ltcgear is dropping faster then a brides nighty. Jacques . the graph you are citing does not account for the multiplications at LTCgear ever 6 weeks which have added an addition 25-55% of your existing hashrate. The graph also does not take int account any reinvestment strategy. If you graphed hashlets you would see that they are falling in performance just as all miners including ltcgear but they are current 1% as profitable as ltcgear. |
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Not letting defensiveness get in the way of any of my arguements. My wife makes decisions on applications for masters programs at an ivy league school (which means that the stellar canidates already have degrees) so I have a rather inside look at college graduates at a certain level. It might be a familiarity breeds contempt deal, but your original asseration was- What CEO only has a high school degree.
So.. in defense of my point (and here, I will be defensive, because I feel that the arguement about education levels actually weakens the thread) I will provide a few examples
For the Record- I am Not comparing Josh to ANY of these people what so ever.
Ray Croc- No Degree
Walt Disney- No Degree
Bill Gates - No degree when he was creating his company
Steve Jobs - etc
Mark Zuckerburg - see above
Henry Ford - Honestly I think but am not sure.
I know a lot more homeless people with out degrees that there are CEOs. I have a better sampling. I also have a large sampling of CEOs with degrees. Larger than this set. Cherry picking specifically CEOs without degrees does not prove anything. |
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Clearly Josh went to New York to meet with Cantor Fitzgerald because his father in law is Stewart Fraser who is vice chairman. Looks like Josh married into money and daddy just dumps cash on Josh to keep his businesses afloat.
Not that I doubt you, but can you point out how you made that connection? I posted the links above. Look at little auk inc. They are based at 60 old farm road. That is Stewart's address. It's is also one of Joshua's and Jessica's former addressesv on backround records. Basically Josh and Jessica lived with day for a time after they left Vermont. If you go to Stewart's LinkedIn profile you will see he c is the owner of GAW wireless since 2001. It was dad's company and he let Josh run it. |
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So i have my own miners 196 mh. I am in Ireland I pay 12 c for electric that is in euro. You pay 10 c in electric that is dollars. I have 200 ,h on zen and I paying 12 c in euro per kw make more money than than when you pay 10 c p/kw in dollars. I make on my miners 80% more than yours. So where does the 80% you take go to. So when I buy 200 mh of hashlets it costs me $2990.00 dollars . Out of that 200 MH you take 80% of my earnings. For 2990.00 dollars I bought l1 miners and I put a extra 300 dollars with an ordered 4. they pay me out 51 dollars a day my electric cost is 6 dollars a day. so lets do maths. 51.50 - 6 = $45 a day.
So all I can assume is you are a ponzi scheme. I have been banned 4 times from hashtalk from relaying this same idea. mmmm makes me think they dont want anyone to know.
I also writing because there anouncements say nothing about how they using that 80% percent for there purposes, But everything is about the new coin and what they are planning to do and how they going to change the world and on and on....but yet there is no discussion about the problem of payouts and why they have to take off 80% . looks like they trying to distract everyone from there issues. Joe speaks about 10 mil there and 10 mil here. Well €3900.00 of that 10 mil is my investment.yet this month so far I have made $300 dollars on that investment. which is €239.23 euro... HAHAHAHA. I wonder why People still listen to that crap.
Because most of the people left at GAW are people c that night in at the highest prices they are locked in and can't roi on the miners they bought so GAW convinced them to b give up mining BTC/LTC and mine a fake coin. So now GAW not only gets fees but the full hashing power of their mining. People there are desperate and well believe anything. It's all hope and wishful thinking. |
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Don't a lot of people weren't able to withdraw theirs btc from zencloud a few weeks ago ?  Yup pretty much. I couldn't move more than 5 BTC per day without having my account locked and then it took 3 days of support requests to get it unlocked. It is still happening. |
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I love how there are grammatical errors in the first fucking sentence of the white paper. They have had how long to edit and reedit it?
ABSTRACT
This paper examines PaycoinTM, from a technical and practical perspectives as a new cryptocurrency designed to facilitate mass adoption and long-term valuation stability.
There should be no comma or one after perspectives as well. However it's from a technical and a practical perspective(You need to add an "a" before technical and perspective is not plural OR from technical and practical perspectives(Remove the a before technical).
If you can't even get the first sentence right and you make 2 errors, how serious can I take any of it?
Maybe this is the reason that only the first few sentences were read at the investment meeting. LMFAO. Brilliant. I can't believe I didn't think of that. Thank you so much. I'm still laughing. good stuff...was he trying to pawn off the idea that they didn't read it cause they just love the idea and threw money at him? Correct. You guys don't get it. They did read it because they were going to throw money at it any way. Josh's father in law is Vice Chairman of the investment firm. He could have crapped in a box and they would have still paid him for it lol. |
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Here is a good question: https://hashtalk.org/topic/18826I do NOT doubt GAW is signing up 10,000 new customers a day.
Question: If that is the case why are the Primes still around 40 each and the Zens at 10-11. Are these 10000 customers not buying anything? You'd think the market would be slim pickings. It's based on this tweet: https://twitter.com/gawceo/status/535130450684305408Latest sign-up numbers: we broke over 10k new customers day GAW is giving away a genesis miner with each new account With genesis 1GH going for .50 they are giving away what $5? My guess is that most of the "new" customers are "old" customers just creating "new" accounts. I'm surprised someone hasn't written a bot to do it yet. ;P |
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Reading your comments it looks like you have already decided against them so why bother asking anything.
I've not decided, and don't need to. I'm not looking to get into mining in any way. I was worried about my friend buying a contract and wanted to know if they were as dodgy as they sounded. It's too late - he already bought it - so I guess time will tell. There are arguments both ways to say that GAW is a ponzi. They do have some level of proof that they have recently purchased over 1 PH/s from bitmantech however it is less clear that their scrypt miners are "real" Plus the fact that they do not allow contract holders to point their mining power to pools of their choice is less then ideal GAWminers and Hash/Paycoin looks like a money grab by Stewart Fraser (owner of GAWireless) who has been bankrolling this endeavour and now Cantor Fitzgerald is going to get in on the deal by being the first round investors to try to grab money from private ICO $10 buyers and the public rubes at $20/coin. |
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Meanwhile in the last 3 months I bought 900 GAW prime hashlets for $16 ($15000) sold all for about $36-49 ($38000). Mined with them for about 6 weeks ($8400) and too all that money and rolled it into ltcgear and I'm turning out about $6000/wk.
So how is Alphatech doing. Is that whole profit sharing working out for batch 1 customers? Are there any profits really? This was a scam for soooooo long. When a company does not produce and instead keeps saying "soon", and "that is a fact" it means they are telling you bullshit. The reason they are using those words is they are trying you to believe it.
We will have miners in "soon" = we will not have them but we hope you believe we will
We are ethical, that is a fact = we are not ethical but please believe us because we said we are.
So I"m banking $6000 a week off of $15000 I spent in August instead of holding out for this piece of shit company.
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