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How do prime controllers help anyone but the people with them? How can creating a bunch of coins to dump help other people with coins?
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Really just a guess, but I got the "you are already logged in" error again the other day and think it may be if you log out while registered for a tourney, I didn't really care because it was a freeroll, but that would suck if that happened when you had paid a buy in.
Also, ofcp sit and goes don't have the fantasyland requirements on the table like they used to, even though it doesn't change much it was nice and would be nice to have back.
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So... I keep reading over on HT that Mineral is coming out with a debit card soon... say they do that, and even let the folks buy the debit card with XPY... won't that be like a vacuum sucking down the price when the debit card starts auto-converting to USD or what ever currency the local gas station wants to get off of the card? I'm having trouble understanding how the debit card is going to help the situation... what am I missing?
Debit card is just the latest attempt of "something" in a list of things to make it look like they are doing something to make the price go up, but it won't actually work. To increase the price they need to reduce the supply or increase the demand. Can't reduce the supply, the only way anyone has made any money on this shit show is "create coins out of thin air, sell to idiots," so lets increase the demand. If there is something to do with paycoins (debit card, coinstand) whatever, people will want/need to buy paycoins to do the thing, and make the price go up. That's as far as they go, so they spend lots of time and energy trying to come up with "things" (coinstand, honors program, debit cards, other assorted nonsense) to give people a reason to buy the coin. The problem with all of this is that there are so many people stuck with so many coins that the price went up. People that bought coins from anywhere from 20 cents to 20 dollars aren't going to buy more to use coinstand or a debit card or whatever. They will just use coins they already have, and then the person at the other end will have to sell their coins to pay their bills, so the price will just go further down until everyone gives up. |
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Is the the first admission by Homero that Matlack was involved in Coinstand development?  Yeah we helped with coinstand... I didn't get paid for it. Devs did.. We got involved because we where under the impression that he was going to supply a real fiat backing to the project and run the "Honor Program" through it. At that point i was dumb enough to think some version of the CAF existed. were you ever given an explanation for what Josh/GAW/you/anyone would do with the coins that they paid (accepted) $20 for? IT's never made sense and if you never thought to ask that question I'm not sure why anyone would trust you to "fix" anything. |
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All the reasons that someone would rent you a miner are reasons that you should not want to rent one.
If you think you found the magic deal where someone is willing to charge you less than the miner will generate so they can get their coins up front, you should take a few steps to check how trustworthy they are. Make sure they are actually mining coins. Make sure the coins they are sending you are freshly generated and not just passed around from other customers. Make them show you an address that is being filled with coins that they are generating.
There are not many miners out there that will ROI, so it's very easy to do "cloud mining" without actually mining. Do the math and make sure it makes sense to even get involved instead of just buying coins. If the math works, check, double check, triple check that you are dealing with trustworthy people that are actually mining coins and the whole thing won't fall apart due to falling difficulty, changes in bitcoin price, or greed of the owner.
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Subject: Re: Company owned xpy Date: Fri, 23 Jan 2015 12:56:47 -0500 From: Josh Garza < josh@gaw.com> To: Jonah Dorman < jonah@geniusesatwork.com> CC: Matthew Eden < mk@btc.com> I was thinking we could tune it down when the price drops by too large of a percentage. *Josh Garza* *CEO- *GAW Corp On Fri, Jan 23, 2015 at 12:39 PM, Jonah Dorman < jonah@geniusesatwork.com <mailto:jonah@geniusesatwork.com>> wrote: What is our exit point? IE at what price drop do we turn off the system? Is the 4K XPY per day variable based on the price of XPY on the markets? The current estimated time to have this built and working automated on Cryptsy and Paybase is Sunday-Monday. A better estimate is not available until late tonight. Current Scope *Automated System *Sell to as many markets as possible (Cryptsy, PayBase, Other exchanges) *Convert reserve XPY to BTC *Total of 4K XPY per 24 hours *Send BTC to buttercoin for conversion to fiat ** This may not be possible at this time due to buttercoin asking for PayBase to become verified On Fri, Jan 23, 2015 at 12:30 PM, Josh Garza < josh@gaw.com <mailto:josh@gaw.com>> wrote: All correct but 4k xpy a day Sent from my mobile phone On Jan 23, 2015 12:24 PM, "Jonah Dorman" < jonah@geniusesatwork.com <mailto:jonah@geniusesatwork.com>> wrote: My understanding is that we wish to build and activate a system which will sell off XPY from our reserves across various markets throughout the day each day at a total amount of $4K worth of XPY per day. Then send the BTC to ButterCoin in exchange for fiat? Is this correct? On Fri, Jan 23, 2015 at 12:20 PM, Josh Garza < josh@gaw.com <mailto:josh@gaw.com>> wrote: I do not think 4k xpy over all the markets will matter. We shall see Sent from my mobile phone On Jan 23, 2015 12:16 PM, "Jonah Dorman" < jonah@geniusesatwork.com <mailto:jonah@geniusesatwork.com>> wrote: The first day may kill the market. And would not be until tomorrow. On Fri, Jan 23, 2015 at 12:16 PM, Jonah Dorman < jonah@geniusesatwork.com <mailto:jonah@geniusesatwork.com>> wrote: For 1-3 days. It's not sustainable for any mid or long term period. On Fri, Jan 23, 2015 at 12:14 PM, Josh Garza < josh@gaw.com <mailto:josh@gaw.com>> wrote: Can we get to 10k? Sent from my mobile phone On Jan 23, 2015 12:13 PM, "Jonah Dorman" < jonah@geniusesatwork.com <mailto:jonah@geniusesatwork.com>> wrote: 5K ish as a rough calculation. On Fri, Jan 23, 2015 at 11:58 AM, Josh Garza < josh@gaw.com <mailto:josh@gaw.com>> wrote: We have to start selling today. How much could we sell in all markets with messing with the market per day? Subject: Automated Trading Bot Date: Wed, 11 Feb 2015 09:57:20 -0600 From: Matthew Eden < mk@btc.com> To: Jonah Dorman < jonah@geniusesatwork.com>, Josh Garza < josh@gaw.com> As requested, The bot was enabled for Cryptsy yesterday afternoon. It's been posting sell orders at random intervals between 25-35 minutes apart (for random amounts between 125-175 per sell order). Below is an image of the Cryptsy market graph for the last 24 hours. The downward trend on the graph starts shortly after the bot was first enabled. At the time of the first sell order the price of XPY was approximately 0.005. The current price is 0.00459. Probably just a coincidence, but I thought I'd bring it to your attention. Subject: Re: Selling company xpy Date: Sat, 24 Jan 2015 14:05:51 -0500 From: Josh Garza < josh@gaw.com> To: Jonah Dorman < jonah@geniusesatwork.com> Makes sense, please be sure we are selling today. Sent from my mobile phone On Jan 24, 2015 12:21 PM, "Jonah Dorman" < jonah@geniusesatwork.com <mailto:jonah@geniusesatwork.com>> wrote: Manually selling every 15 minutes is not possible. Large orders will gather community attention. We can send several orders today and tomorrow. If I can get access to the wallets. I'll see what I can do. Our scoping of this was delayed yesterday by Evan quitting. I talked to him and he is staying. It took some time. His reasons were about the same as Joe and Eric so I explained everything to him. On Sat, Jan 24, 2015 at 10:54 AM, Josh Garza < josh@gaw.com <mailto:josh@gaw.com>> wrote: i am not sure I saw something on when that system would be done? In the mean time, we need to be manually doing it. Can you make sure they happens? -- *Josh Garza* *CEO- *GAW Corp I knew that fat ass jonah was complicit They all are. They were either selling coins, or developing a coin that was advertised with shit that doesn't make sense, or running a datacenter that didn't distribute coins or pay the electric bills, or whatever. |
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Spelled out exactly. The only was for these companies to make money since is selling coins that were created out of thin air. Why anyone thinks this selling will not move the price down more than people buying to take advantage of this (especially when so many people are sitting on worthless coins) defies logic. This whole thing makes no sense. Anyone stuck in this deserves to be, there has never been 1 plan from GAW/coinstand/anyone that has come close to making sense. |
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I assume the true believers won't be fazed by the "coinstand is separate" story being confirmed false. |
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so let's recap: Garza's scam/fraud is proven and the public is aware.
Why is he still confidently running this show? Dubai? Denial? Psychological issues?
What I do not understand, why XPY isn't at 100-200 satoshi... where it belongs. Because they aren't finished dumping it. Look how little volume/effort goes into the pumps. It will die when they finally dump all their coins, but they get a lot more money by stretching it out over time and dragging this out. |
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Too bad none of the other cloud miners took up Garza on that 100 BTC bet for profitability. That would have been easy money. What have you read lately that makes you think Garza would have actually given somebody 100 BTC? Either the bet would be a scam, or there would be an argument over the terms so it would never get made or he would stiff the guy out of the 100 btc. |
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First, prove to me that GAW owns Paycoin. Tell me how much, and where it is stored and why you believe it belongs to them, and then explain why taking property from a corporation is different than taking it from an individual. Secondly, explain why you think it is ok to take property away from either GAW or Josh Garza. What is the EXACT criteria by which you conclude that it is fair, just and legal, to take property from someone else. You either respect property rights or you don't.
I don't think anyone is proposing taking property away from anyone. What is being proposed is a fork of the coin which is identical other than that certain coins don't exist in the fork; the current coin (XPY) continues to exist, and a new coin (XPY2) is created which is functionally identical, only without the GAW coins. Is that theft? I don't see how. As an existing holder of N XPY, I would also have N XPY2 (unless presumably I was GAW). I could choose to trade my XPY2 for "real" XPY, or vice versa, depending on which of the two I wanted to hold. They would both be listed on exchanges, and their prices would move independently of each other. If there's general agreement that the fork is a good idea people would sell their XPY, pushing the price towards 0, while buying more XPY2, increasing the price. GAW still have their millions of XPY, nothing has been stolen, but the free market has set a more appropriate price for their out-of-thin-air gains and decided that they value a coin without the pre-mine (or whatever it is - I've not been paying attention) more highly. This. XPY2 would cut at least 50% of the coin and all hyperinflation. EDIT: Cut all prime controllers and their coins + any remaining premine which is not in the hands of customers. I am inclined to agree that with some modifications to this approach, XPY has a greater chance of survival upon successful implementation. LMFAO look what the cat dragged in Eric I have respect for after reading some of the emails as it seems like he has some conscience. Jonah was a trusted member of the community way before Gaw. YOU? I would trust you as much as I would trust Josh, Don't Let The Door Hit You On The Way Out! Hope you get the jail time you deserve. I pushed a lot of buttons and levers. I also take responsibility for my actions. I will continue truthfully answering questions asked by 3 letter agencies even if it means an undesirable outcome for myself. I enjoy working in this industry and I stay closely in touch with Eric and Jonah. Like Eric, when I became very uncomfortable working in the environment, I stepped down from my role. I can take a forum beating and completely understand the justification to do so. I may have not stepped down from my role quick enough in order to properly display my character and integrity as a business leader, and that is something I regret. Hopefully time will heal and mend some of the professional and personal relationships I have built over the last few years. I'm also willing to help out where I can and be more available to do so. Thanks. For anyone who cares about my opinion on the matter.... ^ This is all true A few days after I resigned, I drove from CT to MS on my way home to TX. I stopped in Hattiesburg and had a long face-to-face talk with Joe. It was then that I shared the hard truths I had learned in CT, some of which he had familiarity with, some of which was definitely news to him. I also know that he began his exit very soon after that talk, just not as quickly as I had dropped everything in CT and left. For anyone that cares what I think, I've gotten to know Joe really well over the past 10 months and I have nothing but respect for him. He's of sound character, but shares a common weakness with the rest of us that "fell for it" and did this guy's dirty work. We had a passion for crypto-currency and 'building cool shit' ( not saying that any of the final products ended up being 'cool shit' at all). Our biggest fault was trusting a manipulative and deceitful person that conned us into thinking he shared the same values. In the end we learned that there were very different motivations at the top of the food chain, we were just too focused on our individual jobs to realize the bigger picture. I also know that Joe has mirrored my efforts in the past few months to help "shine some light" on the operation, and yes I am being intentionally vague due to the ongoing "situation." I have nothing really to gain by stepping in and speaking on Joe's character, I'm just sharing my 648 XPY (or however many equals two cents). FWIW, Joe and I (as well as several others) are still working with the appropriate 'parties' to bring all of this to an end. Regardless, I respect everyone's right to their own opinion. It's criticism and free speech that keeps the world honest. Explain the concept of the "hybrid flex blockchain." How was it supposed to work, what were the benefits, what was done to make it happen, and why hasn't it been implemented? Also explain the amps that were used on hashlets and how they worked without being a ponzi scheme. Everyone on the inside should be able to explain those things and how they worked, or exactly how someone else on the inside lied to you about those things and how they worked or you are just as guilty as Josh. |
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Crypto currency is considered property by the United States Federal Government. Taking or destroying someone else's property is a criminal act.
I am well aware that forking to remove coins can and has been done, but this does not make it legal or morally right.
It is considered "property" only in a very limited way - for tax purposes. That does not mean that you could maintain a claim for conversion or theft if your coins were blacklisted. If someone broke into your wallet and transferred your XPY, **that** would be conversion. if you sell your XPY for a loss or profit, the IRS will require you to recognize the sale as income or loss. All true. Blacklisting a coin in a forked blockchain is not the same thing. You still have your wallet, still have your coins. Its just that no one is supporting that old blockchain anymore so the XPY you have in the old wallet becomes worthless. You would have to somehow argue that U.S. law would protect not just the coins as property, but also your interest in continuing to be able to use the coins on any blockchain. I don't see how this argument could be made. Forget morally/ethically/legally right or wrong. Why would you/anyone participate/hold/use/invest/develop in a coin if this is done. It can be done to bitcoins, but bitcoin works because it's so hard that it's almost impossible to do. Why would you bother wasting any time/energy/money on a coin that has shown can be taken away like that? It just doesn't make sense It can be done, but doing it should kill the coin so why do it? I mean this saga (and crypto, in general imo) is full of people that suck at logic and common sense, but wouldn't this be a bridge too far? Forget the morality of the fork, look at the reality that will happen in the aftermath. A coin that has shown that it can easily be taken/blacklisted if you piss off a group of people that are either morally corrupt or incompetent to be involved in this mess up to this point. Doesn't seem like a smart idea to me. |
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I understand why people want to take away Josh's coins and end the staking, but can't you see how that will kill the coin? If you can do that to him, or change something so fundamental (remember, the only reason most people have these coins is because they thought they would make money via staking) why would anyone invest in the coin when it can be taken away from them or something else can be changed?
It sucks that these people got conned, it's nice that people want to help, but it happened. Don't waste your/their time and energy on something that won't work.
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A bit of humor here where the scumbags thought that Suchmoon might be the "woman" Stacey Tenen (Rootdude):   Something else that is proven by these Emails is that Luke Rusten is not the nice innocent guy everyone seems to believe. He is actively and gleefully trying to hunt down a customer (Suchmoon) so that he can be criminally harassed, or worse. Fuck him, he is as big of a piece of trash as the rest of those criminals. You seriously never go outside do you? Really the amount of time you spend here is well passed obsessive. The amount of post and hours of the day are pretty much almost 24/7. Its down right just pathetic at this point. Seriously, Go outside See the Sun. Meet a Girl, Something but for fuck sake Get a Life, 24/7 on the pc cant be good for your health. I worried about you! Toodles. Look forward to my picture  Hows that laptop doing you got for shilling from Josh Coinstand? What was that about me being better then you at the internet & gaining something from spending 1/16th of the time you do online? Ohh your got it wrong. It was 1x Laptop 2x Xbox Ones 1 Amd CPU 1 Touchscreen monitor 2x Xbox One controlers 1 Air Mouse Yup, Was more then 1k in stuff since I gave them honesty about what i actually received then still pushed my extra orders through. Total cost to me... About $37.00 Wait nvm Free because I ROI'd 3 months before coinstand existed. Now lets focus on my Ponzi that is now 100% Paid & how im going to jail.... That was a fun game! That is a lot of gifts to declare on your tax return. Or are you going to claim it as income, which is probably more accurate? They were purchases.... You already know this from my post on HT where it shows my order list. Sorry to disappoint. PS, I get a hefty tax return every year. Probably because I use Line 6 on my W4 and give a extra $40.00 every week to the man...... Just in case! I'm slightly more intelligent then you give me credit for. But only slightly! When i think of intelligent the first thing I think of is giving the government an extra $40 interest free loan every week. That's what all the smart people do. |
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Just caught up on the thread, what an incredible amount of nonsense in those emails.
Trying to bribe the accountant into claiming he's an "accredited investor" is just funny.
The other revelation about the "impossible" $20 floor just goes again to show how full of shit they have been the whole time. IF they actually planned to pay 20 per coin, there's a very simple solution to stop people from buying coins that cost 1 and selling them to GAW at 20, they buy all the coins at 1. Of course that's impossible because what would they do with those coins? Well, the same thing they would do with the coins they paid 20 for, which of course there's no logical answer, so why did anyone think the 20 made sense ever?
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You can do that, but you probably shouldn't. Would you buy a coin that someone can (and has) just take away that simply? It's possible to fork a coin and rob somebody, but why would anyone "invest" in a coin when it's been proven that it's simple to just take them away? Why would people invest in a coin that is controlled by a handful of people that can do whatever they damned well please with said coin? Ask Paycoiners. Either they are idiots, trying to pump it up to protect their investment, or got stuck "investing" in the coin when the other scam they got involved in fell apart. This thing is dead in the water no matter what, it's not really worth discussing, but buying a coin that has shown that it can just be taken away is just a whole new level of stupidity. Paycoin has been quite impressive with the levels of stupidity it has reached, but can it really go that far? |
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You can do that, but you probably shouldn't. Would you buy a coin that someone can (and has) just take away that simply? It's possible to fork a coin and rob somebody, but why would anyone "invest" in a coin when it's been proven that it's simple to just take them away? |
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That from the PR firm is gold.
What was payflash supposed to be again? quite impressive that there have been so many failures in such a short amount of time that we can't keep track of them all.
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I don't feel bad at all for Garza for whatever personal information is exposed.
What does suck about it though, is that he uses to paint himself as a victim.
But on the other hand, anyone who still thinks he is a victim probably deserves what is coming to them.
So yeah, I support keeping the personal shit out of it, but at the same time, can't manage to muster up that much outrage.
Basically where I stand on it. As a fellow human being, if I didn't feel on some level that he deserves whatever retribution comes his way, I could sympathize. I'd never want something like that happening to me and mine, and the whole thing actually led me to encrypt several dozen files I consider sensitive in regards to my own wife. That's where the golden rules kicks in. I personally wouldn't have leaked those files. Which, might I add, I don't think the leaker intended them to be the focus at all. I think they were just part of the whole dump. But at the same time, you get what you pay for in life, and it's hard to be too upset. It's healthy that there are those of us reminding others that this isn't a movie, these are real people with real lives. But then again, these are real people with real lives who ruined many others' lives and also made fools of still many more than that. Karma is a bitch, pretty much. Note for everyone: don't exchange racy emails with your wife and/or mistress on your work email while doing things that might cause the SEC to subpoena all of your emails. It's a lot easier for them to get out when that happens. |
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"Mineral was claimed to be a "fastest growing" crypto currency exchange and a replacement for Paybase, however it has not shown any significant trading volume...."
Yes the one thing everyone would love to see is Josh holding a few hundred million Dollars worth of customer funds. Mineral seems to have zero chance of ever growing large.
Paybase had some volume because people had (for some reason) trust in him then and there was the promise of 20. Even though the people sticking with this thing aren't the smartest, there aren't many dumb enough to move their coins into somewhere anywhere related to GAW when forced to move. I'm sure they were trying to cut out some liabilities and cover some tracks by closing paybase, but I think they may have greatly overestimated how much people were still buying into the cult of GAW. There's only so much people can put up with. |
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