Bitcoin has flaws, and some people are out there to improve upon them down to the protocol level(Which is impossible to do with sidechains). Please do explain why you can't use sidechains to improve upon the protocol instead of creating a new get rich quick scheme altcoin for every new idea. Bitcoin was a "get rich quick scheme" itself if you wanna go that route. There is no incentive for notable developers to work on sidechains, period. I'll let you figure out the rest for yourself. One big reason for legitimate "altcoin" developers is that they want to improve upon Bitcoin itself on a protocol level, as well as other areas (Substitues for mining, Improving distribution of coins: Satoshi holds 1million bitcoins, etc), and they cant do that through sidechains. After all, Bitcoin, and every other cryptocurrency out there is still in Beta stage. Bitcoin has under 10million users(I suspect far lower, as low as 1million since blockchain.info has less than 5 million accounts created), so it's stupid to rule out anything as of now. LOL distribution again. I would expect these altcoins dumb fucks would sing a different song by now. As for the "incentives" to work on sidechains, you must be dumb as fuck if you think there is none. I'd love to know how this company managed to raise $21 million if there are no incentives. That single investment round in a sidechains company is more money than the market cap of all but 2 shitcoins. (3 if you include ripples obviously fake market cap) |
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Bitcoin has flaws, and some people are out there to improve upon them down to the protocol level(Which is impossible to do with sidechains). Please do explain why you can't use sidechains to improve upon the protocol instead of creating a new get rich quick scheme altcoin for every new idea. |
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I invest emotionally detached from my money and detached from any emotions and personal feelings about what goes on behind the scenes.
Do you also detach your brain and detach from reality when investing or posting in this thread? |
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The following is the PM conversation with Vlad2Vlad as promised. I have not, to this timestamp (09:11:00 forum time) received anything stating any other wishes from the user in question so here it is:
Shitcoin pump and dumper confirmed. These people are the reason the altcoin community has turned in to a cesspool of blatant scams(shitcoins). I would even go as far as to say they are scammers for pumping obvious scam after obvious scam. You guys still think in terms of technology when you need to realize this is about MONEY.
You see, not all of us are greedy pigs looking to get rich quick via any means possible. Some of us have these things called morals. But I get it, you're just a guy who need to pay the bills and participating in blatant scam pump&dumps is just you're preferred method of doing so. |
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This actually makes a lot of sense. Lots of billionaires have everything riding on Bitcoin and Bitcoin is clearly flawed. Even Bill Gates recently said Bitcoin will not make it and I bet Gates is backing another crypto, probably Ripple or some secret soon to be launched coin.
I guess the NYSE, USAA, Overstock, Microsoft, Dell, Newegg, Virgin Galactic, Paypal, Ebay, Square, Stripe, Namecheap, Wordpress, Cheapair, and many more multimillion dollar companies currently investing in or accepting bitcoin, missed the memo. Garza could have done a better job with the PR and to not promise so much so soon but there does appear to be a very coordinated and massive attack on Garza, PayCoin and PayBase.
There appears to be "coordinated attacks" on every blatant scam that pops up. It's only a bad thing if you're a scammer. Not too long ago, before you sold your soul to Josh for a few xpy, you were coordinating an attack against GAW. Looking at your post history it looks almost as if you make a living pumping and dumping shitcoins. It's honestly sad to see what greed can do to people. |
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The guy creating all this racket attempted to bribe us by telling us to buy all his coins for over a million dollars. He said if we did not, he would continue to make an issue for us.
We refused, so he is now trying to blackmail us by doing all this. When I get to a computer I will paste the conversation in.
Not looking to get in to an argument. I just think it's important people know there is more to what's being told here.
If you are referring to me you are an outright liar. I negotiated a price for [the ENTIRE] PayCoin and argued that it had a fair market value of at least ~$2 million which meant each coin would be worth about 300,000 Satoshi and I offered to sell you my coins at that price if you would accept - a total value far far far less than the $1 million you're lying about. I have a feeling you lie so much that you simply cannot tell the truth about anything anymore. You were the one who initiated first personal contact with me, YOU PM'd me first asking to negotiate - so what were you wanting or expecting me to negotiate for - my socks, my stash of ShitCoins...lol? What could I have offered you except my Paycoins and cooperation to help get the deal closed for the entire PayCoin community? I felt at 300,000 Satoshi I could sell the community on the deal. Are you that ignorant or incompetent about what's happening here or are you still playing your little greed game? Then you responded: "What, what are you offering me, why would I wanna buy your coins - I already own the PayCoin brand?" Hahahaa. Another blatant lie as you do NOT own the paycoin brand - you just applied for it. And what were you negotiating with me for if not for a price to buyout PayCoin, what else would I have to offer you? You, Homero Garza, are a vile, dishonest and crooked person. No wonder the other guys I talked to said: "we do not want to negotiate with him, we're doing this on principle, but be careful with him." I obviously didn't know I was dealing with a pathological liar, otherwise I wouldn't have wasted my time. So please do post screen-shots of our conversation [ the entire conversation] - that way everyone can see what a two faced lying sack you really are. And dude, use some of those ill-gotten gains to buy yourself some tampons, a brain, some English grammar courses, a human personality and a moral backbone. Merry Christmas, Scrooge!Gee, I wonder what type of incentive Josh could have given him to change his mind and sell GAW the rights to his beloved Paycoin? Maybe he was given some of those things that Josh is able to print 50k per day? Nah, nobody would accept a bribe from someone who they know is a scammer, right? |
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you guys are so full of shit it isn't even funny anymore
it makes me sick
actually
is has made me very poor
i could get perma=banned for saying what i feel like saying rite now
News flash, securities are risky, unregulated ones even more so. You are not guaranteed to make money. Clearly speculating on securities is not for you. Why don't you just dump your shares already and save us the bitching? |
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So here is my question: Garza is rich so if he scammed everyone with his $20 price floor on XPY [and already made millions] then why is he still here? Why is he showing up at major Bitcoin events and putting up with all this shit from everyone?
Why? It makes no sense.
Because scammers never show up to bitcoin events? So I'm betting that at the current price of $.75 (.002999 BTC), XPY is a STEAL. I think the price will bottom at $.50 on more panic selling but it's a SCREAMING buy at this price and anything lower.
What is that based on? Your magic crystal ball? There is definitely big RISK here - maybe garza will fail to deliver on any of his promises but to me it makes more logical sense that he's got a plan and we will soon get HUGE news and you can make 10-40 fold from here.
Given the MASSIVE potential I think the risk here is small and it's ironic but the only reason I am buying XPY here is because of GARZA.
Sorry but that's just nonsense. Here's what Garza's plan consists of: Create hype by any means possible so the very few beliebers left buy the xpy that he is dumping. There is proof he is sending tons of coins to Cryptsy. We saw 200k xpy transferred to Crypsty a while ago and another 50k more recently. Garza has proven to be a pathological liar, an incompetent business man, and a sociopath. Why would you give money to this guy? GARZA has the money and connections to turn XPY into a $20-$50 coin in a single week. That's worth betting on.
Please do provide some evidence to back this up. So far we've seen almost every "partner" of his publicly refuse having anything to do with him and some even threaten legal action if he keeps implying partnerships. We've seen zero significant software development (looks like they hired a single indian programmer to throw paybase together in a few hours), we've seen a laughable attempt at creating a $20 floor, and we've seen them arbitrarily shut down cloudmining even though it was still profitable for btc. All evidence would suggest Garza has no connections and is running out of money. Seriously, I'd love to know why you think this completely centralized peercoin clone with no developers, hyperinflation, and zero real uses/features/functions is worth betting on. |
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Here we now have Suchmoon the guy who started all this crap mouthing off,did you get your 15 mins of fame.You must lead a boring life
Yep, that must be it if calling out shit stirrers like you counts as weekend entertainment for me. Thanks for showing your true colors. If you have any personal issues with me - please PM. I dont need to PM you in fact why would I even want to talk to you.You have nothing to say that interests me. If nothing here interests you, why are you still here wasting our time? You should be finding more scams to invest in. If you are providing a much needed public service I have still to find it Clearly, seeing as how you claim to be heavily invested and keep investing in something the entire crypto community has concluded is a scam. You can lead a horse to water, but you can't make it drink. |
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Nobody can start a class action against GAW. They specifically included an arbitration clause in their TOS to avoid them.
Gotta agree there - class actions are incredibly difficult to do. Look at Butterfly Labs. The biggest blatant scammers in the history of crypto. Hard proof. Witnesses. So much evidence of the many laws they broke including mining for months with their customers' rigs and there is no class action suit. At least not yet. And it's not too late for GAW/XPY. They can still make this work if there is a real plan and real partners waiting to be announced. A $20 floor is still possible - especially if Bitcoin starts going up.
Garza/GAW/XPY have many outs although right now it's not clear what's going on, it's a risky investment at this point but with a huge potential reward if Garza delivers on even half of his promises.
Really? You still haven't caught on yet? There are no partners. (unless you count all the one man band companies thrown together overnight) There are no developers. (unless you count the janitor Josh pays to copy/paste code) There is no plan. (unless bullshit your way to success counts) IF josh delivered on 100% of his promises (debit cards, amazon shopping, bill pay, etc), it would still be another centralized shitcoin with no useful features. It's a joke. With no real sources of revenue for the past ~3 months, GAW is likely heading fast for bankruptcy. Even if BTC shot up to ~$1000/coin, they still couldn't afford to hold the $20 floor because of all the xpy they've dumped on the market. |
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After a week I dont have the email as it was of no interest to me,I own a lot of paycoin and still a buyer on the hashmarket.
Assuming you didn't fabricate this entire story (for some reason everything you say sounds like you made it up on the spot), the most likely explanation is that you're on some list of target scammees because of your nativity/gullibility. The fact that you still hold paycoins and brag about it here leads me to believe you're either a complete idiot, or you're just trolling us at this point. Gaws TOS or change of TOS later on do not prevent people suing them singularly or in a class action.Thats why he is desperate to relocate the business!! You really expect us to believe the legal advice of someone who used the phrase "lawyers company"? |
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One thing I would really like to know is how outsiders namely class actions lawyers can put names to xpy addresses.Someone inside Gaw is giving out this info as I received a communication from a lawyers company wanting to know if I was or wanted to be part of a class action suit,and they knew how many xpy I held and my name address and email.Only an insider could have gave them this!!!
Who is the class action lawyer? I'd like to join. Nobody can start a class action against GAW. They specifically included an arbitration clause in their TOS to avoid them. didnt they change their TOS with no warning tho? at least thats what someone here said 100 pages ago or so Every time you sign in to Zenminer, you agree to their TOS. |
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One thing I would really like to know is how outsiders namely class actions lawyers can put names to xpy addresses.Someone inside Gaw is giving out this info as I received a communication from a lawyers company wanting to know if I was or wanted to be part of a class action suit,and they knew how many xpy I held and my name address and email.Only an insider could have gave them this!!!
Who is the class action lawyer? I'd like to join. Nobody can start a class action against GAW. They specifically included an arbitration clause in their TOS to avoid them. |
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See thats what I* mean here all the numpties on this site can only post images,not one word of useful dialogue
Have you tried posting one word of useful dialog yourself? All I've ever seen you post is about how many scams you've fallen for and which ones you're currently investing in. Dont think I ever really invested in a scam where I lost money.Did some Dev work for what turned out to be a scam but got paid.So you are either drunk or blind or both I never said anything about your profit/loss, nor do I care. I'm guessing hashprofit was the scam you did "dev work" for? (judging by how you were the sole promoter of that scam) What exactly did this "dev work" consist of? |
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See thats what I* mean here all the numpties on this site can only post images,not one word of useful dialogue
Have you tried posting one word of useful dialog yourself? All I've ever seen you post is about how many scams you've fallen for and which ones you're currently investing in. |
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im starting to get the feeling that some users on HT are PAID to wear tags like "industry innovator" / "paycoin innovator"
Of course: https://hashtalk.org/topic/31551thanks for that  everything makes way more sense now i totally ignored search since they delete so much At first I thought you were joking but it actually does make sense. I wonder if ALL the "industry innovators" were paid, or if this is just a desperate measure because all the real hardcore/delusional fanatics have jumped ship. |
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he knew will get prosecuted only if people LOST money, so after money in = money out he made XPY and the whole purpose of all the promise/delays is to get people fed up and cut their losses
anyone who cuts their losses is helping take the noose off his neck
you can't prosecute him afterwards for loss: why didn't you wait for me to implement feature x and y, we had problemx such and such, we were hacked and ... it could take on for ever
Even when people changed from hashlets to stakers: who told you to do it? i did not force you? the market was down and you were getting 1 satoshi, this is a market condition which could change any time, besides we were getting new hardware ...
So at the moment the only two positions who can prosecute are:
A) Those who still have hashlets and they closed the hashlets on them, thus breaking the promise of eternally profitable.
B) Those people who were mining hash points with the promise of $20/XPY
Did a lawyer give you that advice? I find it very hard to believe a court will care when you cut your losses in a scam. Anyways nobody can sue GAW because they've included an arbitration clause in their TOS. Everyone will just have to wait for one of the federal agencies to prosecute them. |
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GAW was an obvious scam in its cloud mining days. Thats already collapsed but they still limp on with their scam coin. Thats just about finished too.
I completely disagree about it being obvious back then. In fact, I'm still not sure the cloud mining was a scam. He misrepresented what they were, at least in the case of Zen and Prime, but there's no evidence he was trying to cost his customers money. I don't think any fraud entered into it until he started making promises he had no intention of filling and lying about deals and resourses in place regarding his altcoin in an attempt to boost its value. That's when the scam started. This was an obvious scam since day 1 to anyone with experience in the cloudmining scam ecosystem. He promised things he had no intentions of delivering on day 1, for example: "always profitable, never obsolete, takes advantage of economies of scale" He still has yet to prove any scrypt hardware existed. (he did buy 5 PH/s from bitmain WAY after the ponzi accusations began flooding in) He still has yet to prove there was ever any real attempt at making Vaultbreakers. He still has yet to substantiate any of the ridiculous/unbelievable claims made early on. Remember, his whole idea from day one was to hook them in with cloud mining, take the loss over doing the mining himself so he would have a customer base for his new product. It totally worked, but the cloud mining was always supposed to make people money.
What you've described (again) is a textbook ponzi scheme. Get people hooked on the high returns, and hope to god that money in > money out. Looking at paycoin, it's pretty clear the whole thing was thrown together in a haste, not planned out over months like you were led to believe. What likely happened is that Josh wasn't as good of a con artist as he thought and money in became less than money out, so he had to create a new scheme which is how he came up with hashpoints/paycoin. Switching from a Ponzi scheme to a Garza scheme allows him to give complete shit returns, yet still make money by dumping thousands of his useless coin on the market thanks to the very few faithful beliebers wise/informed investors left. |
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If you bought and held PayCoin at any time before this moment, you have lost money. Only traders have made money playing the market and Josh dumping all his compounding premined Coins.
There's also the weird blip in all of this of the hashpoint conversion. If you have Paycoins from the hashpoint conversion, they're still worth more than if you had "mined" BTC instead of getting hashpoints. I think Paycoins would have to dip below 50 cents for the hashpoint "mining" to have not been worth it.How did you come up with that number? That's still the one part of this that gives me a bit of pause. That hashpoint conversion cost him money, as it released Paycoins into the market depressing the price, and it gave tons of people a way to break even, or even make some profit, at his expense. It's the one thing that makes me think that all of this fraud wasn't really meant to be a scam. That he really thought these lies would lead to everyone making money.
Or it could have been a confidence trick. IDK. It still stands out, though.
Initially the promoter will pay out high returns to attract more investors, and to lure current investors into putting in additional money. Other investors begin to participate, leading to a cascade effect. The "return" to the initial investors is paid out of the investments of new entrants, and not out of profits. Often the high returns encourage investors to leave their money in the scheme, with the result that the promoter does not have to pay out very much to investors; he simply has to send them statements showing how much they have earned. This maintains the deception that the scheme is an investment with high returns. Promoters also try to minimize withdrawals by offering new plans to investors, often where money is frozen for a longer period of time, in exchange for higher returns. The promoter sees new cash flows as investors are told they cannot transfer money from the first plan to the second. If a few investors do wish to withdraw their money in accordance with the terms allowed, their requests are usually promptly processed, which gives the illusion to all other investors that the fund is solvent. http://en.wikipedia.org/wiki/Ponzi_scheme This was a textbook ponzi scheme. |
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