GAW investing in crypto businesses:

http://www.coindesk.com/gocoin-gains-strategic-investment-software-development-push/

Possibly doing what VeriBit/similar services are doing – they take XPY and pay out with BTC.

Withdrawals thread deleted already?

https://hashtalk.org/topic/23948/kyc-regulations/39


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@Full-Metal-B*tch said:

Question to all here:

Anything over a certain amount of btc, or transferring a crypto to fiat requires KYC. It's the law, sorry you don't like it.

I do not think it would make more sense to not do it, break the law, and have paycoin made into a poster child




So...if you don't agree...you don't get your coins? Sure sounds like this was totally explained before...

Question: aren't the block rewards for XPY supposed to be changing depending on network demand? Seems like 49 XPY reward every time.

:grinning:

Wasn't talking about him going to college or not. Nice try, though.

I'll repeat:

A good scam artist (let's leave the P word aside to avoid dumb word games) keeps the early adopters happy so the purse is nice and fat to handle the ups and downs of running a business that is legitimate on paper but exploitative and small-minded in practice.

Get the pool running, I'll throw 500 GH/s at this.

Your "business school 101" is really a high school class on keeping suckers happy. A good scam artist (let's leave the P word aside to avoid dumb word games) keeps the early adopters happy so the purse is nice and fat to handle the ups and downs of running a business that is legitimate on paper but exploitative and small-minded in practice.

:grinning:

:grinning:

https://hashtalk.org/topic/19951/logo-infringement

"So,

Is it just me or does the Paybase.com logo look a lot like Bitnami's logo...

I don't know how close it would have be to the logo to cause discord, but it's pretty similar and I know I would hate for anything to cause a wrinkle in the awesomeness that is PayCoin.

Thoughts?

EDIT: Really people.. Downvotes for free thought? This isn't what I signed up on these forums for..."

Press releases are published by PR firms that charge companies to produce, curate and broadcast the info. The firms themselves pay fees to these services in order to be able to shoot out said info. It's more or less a crapshoot on where those releases will land - at the PR firm I used to work for, we had a couple random ones end up on some big sites.

"Not buying advertisements": http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

Don't worry - it's all one big security: http://caselaw.lp.findlaw.com/scripts/getcase.pl?navby=CASE&court=US&vol=328&page=293


"Section 2(1) of the Act defines the term 'security' to include the commonly known documents traded for speculation or investment. 3 This definition also includes 'securities' of a more variable character, designated by such descriptive terms as 'certificate of interest or participation in any profit-sharing agreement,' 'investment contract' and 'in general, any interest or instrument commonly known as a 'security." The legal issue in this case turns upon a determination of whether, under the circumstances, the land sales contract, the warranty deed and the service contract together constitute an 'investment contract' within the meaning of 2(1). An affirmative answer brings into operation the registration requirements of 5(a), unless the security is granted an exemption under 3(b), 15 U.S.C.A. 77c(b). The lower courts, in reaching a negative answer to this problem, treated the contracts and deeds [328 U.S. 293, 298]   as separate transactions involving no more than an ordinary real estate sale and an agreement by the seller to manage the property for the buyer.

The term 'investment contract' is undefined by the Securities Act or by relevant legislative reports. But the term was common in many state 'blue sky' laws in existence prior to the adoption of the federal statute and, although the term was also undefined by the state laws, it had been broadly construed by state courts so as to afford the investing public a full measure of protection. Form was disregarded for substance and emphasis was placed upon economic reality. An investment contract thus came to mean a contract or scheme for 'the placing of capital or laying out of money in a way intended to secure income or profit from its employment.' State v. Gopher Tire & Rubber Co., 146 Minn. 52, 56, 177 N.W. 937, 938. This definition was uniformly applied by state courts to a variety of situations where individuals were led to invest money in a common enterprise with the expectation that they would earn a profit solely through the efforts of the promoter or of some one other than themselves.

By including an investment contract within the scope of 2(1) of the Securities Act, Congress was using a term the meaning of which had been crystallized by this prior judicial interpretation. It is therefore reasonable to attach that meaning to the term as used by Congress, especially since such a definition is consistent with the statutory aims. In other words, an investment contract for purposes of the Securities Act means a contract, trans- [328 U.S. 293, 299]   action or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party, it being immaterial whether the shares in the enterprise are evidenced by formal certificates or by nominal interests in the physical as ets employed in the enterprise. Such a definition necessarily underlies this Court's decision in Securities Exch. Commission v. C. M. Joiner Leasing Corp., 320 U.S. 344 , 64 S.Ct. 120, and has been enunciated and applied many times by lower federal courts. 5 It permits the fulfillment of the statutory purpose of compelling full and fair disclosure relative to the issuance of 'the many types of instruments that in our commercial world fall within the ordinary concept of a security.' H. Rep.No.85, 73rd Cong., 1st Sess., p. 11. It embodies a flexible rather than a static principle, one that is capable of adaptation to meet the countless and variable schemes devised by those who seek the use of the money of others on the promise of profits."

- Justive William Francis Murphy

:grinning: :grinning:

For the quote scrapbook:

"Coinfire: be careful with how much you try to get my attention. You will not like it when you get it. I will use our entire war-chest to defend ourselves against libelous claims, be ready."

:grinning:

When trying to check out the updated GAW TOS...

"Visits to this document are recorded by GAW Labs"

"...you are about to access a document administered by the GAW Labs domain. Your activity on that document will be logged and viewable to the GAW Labs administrator."

Does anyone have a copy of the old TOS?

Let's the real account or GTFO. You're dust otherwise.