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I'm terribly sorry, due to the downturn in keystrokes we are unable to continue our typing service.
Existing users may upgrade for a further $20 to our virtual dictation skills course offering twice the speed of the outdated typing skills. Once you have completed the 12 month course you will be entitled to claim a refund of $500 as we are really nice people and just want you to be happy.
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Typing lessons according to Josh.
Instead of having to buy software to run on your PC, GAW are pleased to announce that we have now upgraded our systems to allow you to type in the cloud with our virtual keyboard.
We offer this new service for just $10 dollars a month.
Unlike other typing tutorial software out there, GAW Keyborders (Gawks), you do not have to be sat at your PC to improve your performance. Once you have committed to a 12 month subscription we take care of the rest for you. Every month we will send you an email with your current word per minute performance. We are so confident in this that we can offer you a floor of 70 WPM.
At the end of 12 months we will send you a certificate stating your virtual performance that you are 100% guaranteed free to show to a prospective employer.
Gawks to the moon
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Any chance you lot could take your fight outside and let the rest of us stay on topic and discuss GAW?
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He might have more money he has put his house up for sale.
Is he: a) Selling up so he can pay everyone $20 a coin like he promised cos he's a really nice bloke. b) To buy a bigger house cos he somehow has acquired a lot of money from somewhere. c) He would like to live somewhere hotter, without an extradition treaty. d) b + C |
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Simple math: If he has sold 6 million coins at $5.00 each that's $30 million right there. 12 months at $100,000 in the Honor program will be only $1.2 million. He can be honoring the Honor program for YEARS! And presumably he also still have another 6 million XPY in reserve all for himself. Now, you tell me: Is there ANY other coin out there that can honor such guarantee FOR YEARS, years in which it can establish itself as a crypto of currency value while establishing at the same time a trading platform in direct competition with Coinbase, which is an enterprise already wildly successful? Not only there's absolutely nothing even remotely close, but this is, EVEN AS A PONZI SCHEME, way better than 99.99% of other coins out there possibly including BTC itself, ok?
Just imagine if there's no Ponzi scheme and Garza actually sold tons of miners, delivered them to satisfied customers and now sit on a gigantic mining farm, tons of his own money AND Wall Street investors ready to plunk tons of Fiat in PayCoin as it progresses and PayBase...
Sorry, I just KNOW you just don't want to even remotely imagine that...
OK, that means he has to have $24 million to honour the buy back, he is $18 million short. He also has to pay his staff and other costs over this time. So where does he get the money from? Answer a) Josh is the most stupid businessman and will go bust in 2 years. b) He's just pumping the price up further so he can continue dumping before running of before payments start in May/June. c) It's a Ponzi scheme. I think it will be c), Josh will only pay a token amount of refunds at $20 but claim he is paying £100k a month. This will allow him to continue scamming with various options open to him. All of which allow him to continue to sell his pre-mined coins at an inflated price to gullible investors. Of course a reputable company would let you see an audited set of accounts before asking for investment, is one available for GAW? I'm guessing not. |
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My exit plan, since you seem concerned about it, is, obviously, to apply for my $3400 as soon as possible (the $20 per 1 XPY guaranteed in the Honor Program). If that is indeed honored, as I expect it to be, I will make a little bit of money on the thing AND I may reinvest part of it.
So Josh sells most of the coins in circulation for an average of about $5. My estimate but I think it's close enough. Where does he get the money to pay everyone $20 from? If he has to rely on incoming investment to pay a monthly buyback then this is a Ponzi scheme isn't it? |
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Hey barabbas,
If you cashed out today how much money will you have made from the wonderful GAW?
Since you seem so interested, in spite of the fact that I have already told you my investment in XPY is very modest and I have traded, for profit, a few times already, I guess you would be interested in specifics. OK, my total investment is 2.5 BTC approximately. At the moment, after those trades I mentioned before, I own 170 XPY. I hope this knowledge brings you a lot of satisfaction, which would be as inexplicable as your very vocal crusade against a project in which you have no financial interest whatsoever, as per your own words. Anything to make you happy... So currently about 40% down, I guess you need to see .015 to break even. Do you really think it will get there? As you say, I have no financial interest in paycoin at all. A friend tried to convince me it was going to be huge, but the pre-mine was enough for me to smell a rat so I held back. He kept on telling me how this was going to change the world with wall street investment, credit card payments etc etc. I'm enjoying ridiculing his judgement at the moment but he continues to remain absolutely convinced that this is the best thing ever to happen and what a great investment it is. Can't even entertain the possibility that this is a scam. Sounds a bit vindictive but he really needs to wake up and smell the coffee as while he's lost a year's savings on this his wife is out working supporting them both. So yes, I don't have a financial interest, but I do have an interest. |
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Hey barabbas,
If you cashed out today how much money will you have made from the wonderful GAW?
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Without those, and in significant numbers, sorry but you have no case.
Hmm, If you read the cult following on hashtalk you'd think Josh could walk on water. But for a dose of reality look at the share price. Mind you, some people think that 911 was all made up as well. Only people promoting paycoin are people who would gain from it. Presume you're one of them? |
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You posted the usual FUD without any proof and your post on hashtalk was deleted and you have been banned for a reason.
The only FUD is what Josh says. Think about it. How much did people pay for paycoin on average? This is for new coins not those but on the resale market. But should also include coins that Josh dumped. I reckon maybe $5 How is he going to pay $20 when he only got $5 for each coin in general circulation. He's not, simple. There is a catch somewhere, you don't seem to have worked it out yet. |
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Josh has now said in this thread https://hashtalk.org/topic/30401/honors-program-q-a/126 that he doesn't believe Paycoin will be worth $20 within 12 months. Big change on his part, it's like he wants you to put all your coins in escrow. (Escrow means Josh's wallet.) So the terms are announced of 1st Feb, you then get 30 days to commit how ever much you want to the scheme. Once sent you can't get them back. He will then split $100k worth of bitcoin per month pro-rata. Being the honest person he is (lol) I expect these payments won't actually start until May so he can keep on dumping for as long as possible. If enough users are stupid, he might be able to make more money dumping then he does actually paying these $20 refunds per month. Don't forget, the only person who knows how much is in escrow is Josh, so he might only be spending $10k a month. Obviously users will be all happy and saying Josh is our saviour and we are all getting our money. Meanwhile Josh is dumping more coins from his pre-mine and spending some of the windfall on buying back a tiny fraction of the escrow coins. So long as Josh is making more money from dumping then the refund he can keep this going for ever. Anyway, at some point there will be more paycoins in the system cos he keeps dumping them, the price will not go up. This is where phase 2 comes in. He will give everyone the opportunity to join a new escrow buyback. Now it doesn't take a genius to work out that Josh can't pay people $20 dollars that only paid him $5 or so for the privilege. But while his outgoings are less than his income he can continue to build his personal wallet. Guy is a genius. Enron has come to the Altcoin market. |
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That's what makes life interesting, isn't it?
In any case, I try to reason quite profusely why I have an opinion and not a different one; you, on the other hand, emit your opinion solely based on the premise that you believe Garza is and will ultimately be, a scam artist forced to fly the US and lose everything he has here... just to scam people for whatever he can in the premine sale. To me that is peanuts, compared with what he will make doing the right thing, so I don't believe Garza is a particularly virtuous man, but an intelligent one. And that's why I believe he will do what is best and most profitable for himself.
But, again, that's just the reasoning for my opinion. I don't know what the reasoning for your is, so I cannot either compare or judge it on its merits if any.
Edit to add: If he gave XPY out of his will, with no obligation to do so, I believe it is a very nice gesture since they may not cost him anything buit they most definitely have current, corroborated exchangeable value.
Again, while he may have some customer that are not very happy -I have not found one, frankly- there are TONS of them quite happy to do repeated business with his company.... and with his new projects. He must have some nice kind of kool-aid at the ready...
A) Big pre-mine makes it possible to scam. B) Broken promises time and time again, all of which are in favour of positive price. C) Somebody has been making some big sell transactions. D) If you give coins to people, they are unlikely to say things that would impact their value. When you say he gave them, how much did he pay for those pre=mined coins exactly? ....but, this is something that will go on for ever and ever, see the old icelandic coin is still going on, we all know it was a scam but it's still traded. Josh has taken 90% out of paycoin already, that's why there won't be any more significant development ongoing. But there will remain a long tail to the foolish who will remain faithful to the very end. ps, I agree, Josh is very intelligent. Are you? |
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Oh yeah, didn't he set up this virtual mining thing where you pay money and then this internet page shows how many bitcoins you made.
Hmm. like I pay you 1 bitcoin a month to make some mining but due to market conditions, not my fault honest guv, but I can only pay you 0.9 back this month mate honest.
Ahhh, but to make up for your bad luck I make you very special offer, instead of giving you 0.9 bitcoin (cos I already sold for dollars back when they were $700) I offer you thousands of paycoins that cost me nothing cos i pre-mined them but I promise you they are worth more than $20 dollars each cos I have big wall street investor on-board so must be legit yeah?
And please, please will every body stop spreading FUD, I am a very honest person, just ask all the people I gave very important badges too on my forum for free. See how nice I am?
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Always makes me wonder how two supposedly same people can have such a different view.
Hope you don't loose any money
Good luck pal
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Unless he says, gee guys, market forces, sorry, tried my best. Got to go now. Love you lots.
He's a clever man you know, not the most honest person, evidenced by how he chooses to ignore reasonable questions on his own forum.
So, can I ask how much you have invested?
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...but playing devil's advocate, if you were sat on 12 millions pre-mined shares, if you wanted to sell that for as much as possible, its pretty good to make as many people as possible think they're getting a steal at 1 or 2 dollars?
Just saying.
For the record, I have no financial interest in this either way. Have you?
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I thinki you have it all wrong... Starting February 1st, you will have 30 days to claim your $20 per PayCoin by following the instructions that will be fully revealed on February 1st. So nothing actually will happen in 5 days, except people reactions to the official announcement of the rules to be followed.
This update/announcement also mentioned other products/features waiting for implementation (regulatory green light). So far -and will be for another month and 5 days-, he is on track with his commitments so, quite frankly, I find your assumptions and those of so many here, baseless speculation.
Wait and see would be the right attitude at this point but, who cares about right attitudes, right?
Errr, I said he plans to announce plans on the 1st but nothing would happen for another month. I'm totally agreeing with you on that point. I apologise for baseless speculation lol |
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So the price just started to tank, as soon as it did Josh puts up this post https://hashtalk.org/topic/30380/small-update-part-2Hello, I wanted to provide a small update from snowy New England. We are all hands on desk for the Honors Program. Our developers are going to knock it out of the park. We realize how important it is that this program has a perfect launch. We have saved our resources to help re-stabilize the value of Paycoin. The terms of the Program will be available when it launches. You will have 30 days to review. We also some small updates coming: graphs for the market place, etc The majority of the larger features are waiting on some type of regulatory or legal approval. PaySave, PayCard, PayFlash. Just waiting on the green light from all departments. Between the launch of these features and the Honors program, we are excited to see the value of Paycoin start to rapidly move. Premier Accounts are in development, and we hope to roll out the first features to those accounts first. Finally, we have been strengthening our relationship with Team Paycoin. I will not ruin the surprise, but they have some goodies coming that rival even our work  I said a few days ago that I thought Josh would start playing this game, I think all he has left in his armoury is words, keeps going on about on feb 1st he will announce plans for the buyback, but nothing will happen for another month. I think he's just milking it for as long as possible. Of course, there are lots of people who committed to this at $10 dollars plus so I guess at the current price they're not going to sell as they've pretty much lost everything anyway. Expect these guys will hold on, possibly even but more cos it's such a steal lol Watch Josh continue to ignore questions from his loyal followers but I expect he will post again the next time it tanks. Only 5 days to go Josh |
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So the price crashed through the 0.1 barrier and fell 20% overnight to below 0.08. I believe this triggered Josh to issue this statement. I am working with the development team to provide a timeline here that breaks down all the features. Here is a summary update: The majority of the "gap" in our features has been for compliance. With the added attention, we decided to speed up our compliance process to make sure it was all in place before we needed it. It required building our features out of the original order. I know everyone wants it now, but it will serve us in the long haul. We are in a waiting pattern to get our final debit card approval. All paperwork is done and initial applications have been accepted. We are waiting for the final go ahead with will allow for international physical wallets and e-wallets. A BETTER replacement for PayFlash is coming, stay tuned. (think......what could be better ) We are finishing the integration with 3 different payment gateways. We are at their speed right now I know from the outside, it sees like not a lot is happening. Nothing could be further from the truth, we have never been busier. But, I would be remiss if I did not say we have held back due to the current "climate". We had to make sure we were not taking any unnecessary risk. We have recently hired one of the best legal firms in the country to represent our regulatory compliance and litigation. They are going through every feature to make sure we are 100% compliant. We have to watch every move we make. So whats that mean to you? Two things. One, you can count on us being around. I think we will see MANY crypto companies be shut down soon. The government agencies are collecting information on all large crypto companies. Those that hold back, and do things correctly, will survive. Two, many of the features will hit at once and with no warning. Be ready (Source https://hashtalk.org/topic/30213/small-update) Hats off to Josh, seems his price manipulation is working as most of his cult seem to have fallen for it yet again. Think this could be an on-going trend for some time. |
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Watching the trades just now, all the volume is sells. There was resistance at 0.01 btc but we've just gone through it.
If the price is only $2.xx then it shows how much people trust Josh. I mean I'd quite happily pay $18 if I trusted someone to pay me $20 next week lol
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