Anyone wanna guess who or what will be blamed for this POW clusterfuck?
Maybe evil renters with their petahashes broke the coin?
Rackspace?
DHL?
Ya think they would have set up a little more fancier pool than basic nomp. A friend runs a nomp pool and in the beginning we had server crashes then realized he had to turn off a long accumulating scrypt, that was sucking up memory etc. I wish I could think of what is was exactly, but I am sure with as much hash rate as gaw had on nomp it wouldn't take long to foil things up for them. But I am sure will get a great excuse soon  |
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NOMP down? page cannot be displayed... that's not good lol so hows the paycoin mining going so far?
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This is an interesting post: https://hashtalk.org/topic/22686Allen1980s is (or was?) one of the strong AND smart supporters, as far as I could tell from reading some of his posts. When that guy, and really he was devoted to helping the community for the sake of helping, turns and walks away; you have to know you have really screwed up. Just catching up here, wow the HT crowd (followers) are dropping like flies. What a difference from about 5 days ago when they were drooling all over each other with a strange ecstasy for Josh, paycoin, cashtakers and oh ya those flex thermonuclear things too... I guess its all par for the course, after all it is still the same old crypto world as its always been, just another day and another coin trying to be the big one and a butt load of disillusioned customers... |
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It looks like the recent issues and growing skepticism are separating the boys from the men, the believers from the non believers at GAW  |
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You see the problem is, you and most of the other contributors in this thread desperately want GAW to fail. You have an almost rabid desire to see it all go up in flames. And that is why I can't get involved in your 'discussion'.
I think it's quite evident that GAW is capable of failing whether someone here wants it or not. Do you honestly think a major payment processor to rival PayPal can come out of this mess that we're in now? No major player will touch this paycoin for a very long time if ever. They will want to see it working seamlessly for a long time before serious consideration could be given. And then they have to look at the players involved with it all behind the scenes ( Josh and company) I feel that's a non-starter right there. As gifted as he may be with certain things, he should have just stayed on course with selling BTC gear and his BTC farm. I think he would have been a lot more satisfied as well as his customers. |
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This is what happens when everyone puts all their GAW eggs in one basket. I am amazed they made it this far over there. Maybe not a scam per se' but a very flawed model built on hype and theory, and the promise of unlimited wealth for the flock if they remain loyal. This will be interesting to watch. Who knows they may still pull it all off? But have serious doubts from the beginning.
I just think Josh's brain/mouth writes checks that his dev team can not cash as has been apparent by the numerous failed updates and everything always being delayed. Ya, just simply to much to fast, and when you are winging it" and improvising on this scale, things are bound to go wrong, doesn't matter what business your in. Think this is becoming apparent now. |
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This is what happens when everyone puts all their GAW eggs in one basket. I am amazed they made it this far over there. Maybe not a scam per se' but a very flawed model built on hype and theory, and the promise of unlimited wealth for the flock if they remain loyal. This will be interesting to watch. Who knows they may still pull it all off? But have serious doubts from the beginning.
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Hey Motty! Looks like Fuji broke the 6 barrier for the first time on Bleutrade! Now, to bad my PC went down with my wallet and back up on it. Should have back up in place later today lol Congrats. Seems people are finally noticing what a great coin Fuji really is!  MMNC |
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So, after trying to watch that Q&A session a bit more... I got about 10 min in... and thought Josh's body language was pretty interesting... especially when the old banker dude was talking instead of him... so I have a new theory...
I think the mining company was Josh's baby for sure. He is just a rich kid schmuck who got into Bitcoin and was arguing w/ people on ebay for GPU miners as close as like 9 months ago (lol! CEO material?).
So he's clearly got access to money through whatever the connection is as the same people are always involved in his companies... so they all got behind the mining thing, and I do actually believe there's investments in GAW. Of course, he was unable to pull off profitable mining for anyone except early adopters and people who trade fake miners on the market... then we get things like the purchase of BTC.com, etc... it was all about bitcoin until this bizarre business model change into PayCoin...
Just looking at that video again, he looks like he's not really as interested or engaged as he was when it was about mining. It reminded me of being in a similar situation with a company i worked for that was going to go public in the .com days... as the economic landscape shifted, the investors started changing what the company was, acquiring other companies to try to fake people into thinking we were another type of company, etc.
I think this is what's happened at GAW... there's clearly not enough money for the investors involved to be happy.. so they needed to come up with a new model in the hopes not that it would succeed, but I think to be acquired by someone else is now the goal... they'll come up with a Coinbase type site that allows you to fund a debit card (with all the wonderful fees and integration with the existing system!)... paycoin is just a distraction to keep current customers "happy"...
^ This ^ Nail on head IMHO I think he is in over his head and desperate for a way to make something, anything, work Honestly, I think he wants to do something good, but that doesn't mean its going to end well I'm sure he is feeling pressure from his main big investors who want their cut first... no matter how he raises the money. And I am sure he knows he better take care of them first,,, not the little hashlet suckers lol. in over his head is probably an under statement. |
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I think the credit card deal is a joke. I simply sell my btc each week to coinbase and its in my account with my usual bank card with all the protections of a visa. So what's the point? I am certainly not going to go buy paycoins just to put on a credit card. Now I suppose if you don't have a bank account and you have BTC to buy paycoin with then, that's a useful thing perhaps for some? Can't you already buy gift cards with BTC and use to purchase things with anywhere now? Maybe I'm confused lol |
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What bothers me is its always about GAW this, GAW that.... far to centralized and under one control. That's the biggest risk. BTC so is vast and anyone can choose how and where they want to mine and determine their own fate, not have it determined by one man and his fantasy. I feel this will be the downfall/pitfall of paycoin. |
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lol! I sure hope so, otherwise maybe he just stayed up to late drinking to much Kool-Aid |
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You all sound very bitter and scared. Good points of not, shows your scared. If you weren't threatened by GAW then you would not care, and realize BTC is not going anywhere, end of subject, but no, you go on and on and on, same fucking people.
My gosh, wanted real information on both sides of this, and all i get is circle jerking, and giving each other handjobs.
Chilax, this is a forum, if you do not like this thread you can go to another one or another forum, maybe like HT If you go to HT make sure you eat some of this, it helps understand Josh better.   lol, awe" poor Josh |
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What can I say... you saw my face, can you blame me? Which begs the question - what's your opinion on hashlet upgrades to hashstakers? My opinion is there is not enough information yet. As you guys here are jerking off to this like porn, and totally obsessed with something. If you not invested, they why care? That's OCD definition there. I see same people all commenting too, and heckling anyone thinking paycoin might be okay. Look, you guys don't know, nor do I what this coin holds. Totally don't have enough information. If you think you do and have made your mind up, then your just being biased. If you are concerned about investing cause you dont have enough info, then that's fine, but why go on and on about it? Move on. To the contrary many of us or at least myself, probably would like to invest in it if we thought it truly had low risk potential. Yes the jury is still out, but looking at the big picture there is many things that give me concern. To many unknowns and a lot of theory. The concept is marketed extremely well hence great investments have come gaws way. I have concern about the level of centralized control of the product, at least vs. btc. So I think most in here have weighed some of the good and bad and concluded something just doesn't add up? I cant put my finger on it. But like I have said before, I wish any new entrepreneur best of luck, so long as they and their business is straight up and no smoke and mirrors. |
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I've never had a problem with Cryptsy...course I only trade my alt coins for BTC & pull em to my BTC wallet  Have no desire to get cash in or out of there  Plus,I live about 20 miles from their office,so if I did have an issue,guess what  I'll be knockin on some doors I agree was one of my very first exchanges. I'm still active for certain coins there, after almost 2 years or so. No issues. |
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my average round on cex.io with a little over 50 GH lol, wasn't long ago when 50 GH made some serious jack" 20987 2014-12-06 03:20:53 333082 25.1757 5/120 33 minutes 50.35 Ph/s 84032/75000042297 0.00% 23069561980 0.00002820 I am keeping enough in there to cover fees and keep the account alive, till whenever  |
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ya know ya got it rough when you find yourself hanging out in this thread on a Friday night! lol
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Anybody want to discuss the drop of other Hashlet payouts while Zenpool rises? Seems kind of weird that all other Solo Hashlets became obsolete while Zenpool rose. I'm sure they're not cutting the payments on the other Hashlets to pay off the Zenpool better See screen below for todays. Notice Zen is slowly creeping down. Usually when you run agreements with companies it should provide a static constant value not a daily changing one... after all those rentals etc going for a month or so not 24 hours right? Zen was back up to i think 34 now its down to 29... its slowly creeping backwards. Technically if everyone converts from mining to staking those left mining SHOULD get higher payouts as Josh's equipment is still mining so zen should have a larger share for the remaining mining in GAW. Its not true. Josh has stated the agreement had double the amount they pay to ensure zen was back up... why you you say you have almost double yet not pass that on? Genesisguild and Genesishash always seems to be the same rate but if they are different pools i'd expect them to vary slightly. Its not updated daily and there was a recent difficulty drop i thought. Hashpoints are always constant which is a well duh statement though it did rise to 20 at one point so this shows that the webcode for zen cloud is basing hashpoints off something that is changing rate wise. Josh isn't mining hashpoints or paycoin. He'd be a fucking idiot if he was. He could just do a first x blocks give a big payout to cover the initial he needed for "investors" and i use that term loosely... there is no point wasting power when nobody else is competing on your closed blockchain. The truth is this - Josh has remaining equipment mining btc. - This said equipment is being sold off slowly on alibaba and oneminer.... the intention is once fully staked there is no requirement to show mining as there is none... a few shitty documents from the past will cover with lies saying they did. - People that bought physical hardware and converted to hashlet primes basically gave josh his hardware back to which he makes profit on second hand sales... we know he's liquidating now. He recovered costs on market 10% returns for buy sells. - Josh's next move is this (my prediction). Push the staking and basically encourage / force everyone to switch to staking with high promises. Next he will announce that the pool returns are dwindling due to x cost or y regulation. He'll shut the mining side down by giving people btc refunds OR the option to get x paycoin for your existing hashlets.. it will be a large paycoin amount to make you go wow. If you take a btc refund it won't hurt them too much as they've covered there base with cashstaker sales... its all about getting away from liability and fraud. Paycoin launches and fails... josh tries to onsell the company and runs with the money. We see him at his next scam venture. He has to be stopped by authority before he reaches this stage while the mining is happening and he can't fake the evidence.  very interesting synopsis |
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