I added my GAW story to the thread. Turns out I broke even. Still, I'm in the middle of procrastinating, so I added it anyway.

He knows it's a fake email. "Let me know when you're up" is a weird question to ask someone who's sending an email. He replies to the Dubai thing with how not "hard to find" he is. He knows it's not his brother. He's using misdirection.

I generally hate RTFM as a comeback, but these people should really just go to the site linked in the first reply. I was not familiar with colored coins, but the concept and utility became apparent after about thirty seconds on http://coloredcoins.org/


That site was linked two days ago. As recently as two hours ago,

If I was less busy at work, I'd totally make a film project with a $2,000,000 target.

Possible projects:
"A Brief History of Crypto"
"Cryptowarriors"
"Klaatu Barada Crypto"
"A Crypto Named DesireCoin"

Okay, so this guy needs to be squashed before he throws an idea against the wall that actually does con people for a big encore.

So, say you're any federal agency. How do you stop this guy? Normally, you would freeze his assets, but his assets are in BTC. You can't arrest him because he's in Dubai. How do you keep this guy from executing another successful scam.

Because he will. One day, one of these lame attempts will work, and this will happen all over again.

He doesn't say that's much money came in. He said "worth of projects" meaning if all of them were fully funded, it would be over $700k.

You have much to learn of Garzaspeak.

Wait, this guy seriously ran to Dubai? I thought that was just a running joke.

That wasn't a rumor. That was a direct statement from either Garza or Mordica (forgotten which).

So that was a lie.

Edit: It was Mordica.

You may try to stay objectionable, but I doubt you'll be able to keep up with Cryptsy.

I'm having trouble stopping laughing. I just might pee myself.

Okay, so the theory is that by controlling one or more prime controllers, you take the power of the coins they'd generate out of the hands of bad actors?

That's not a bad theory. Did you check the blockchain to make sure the other PCs weren't just dumping their entire stake? Is there some compounding hoarder threatening to take over the network?

Actually, you handle like 90% of XPY sales, so you can probably just check that on your own. I kinda thought all the PCs just dumped their stake. Do you have some addresses you identified that are accumulating coins, or did you just assume your theory was true?

It's not necessarily a bad thing to work off an speculative theory. I understand deals like that have time pressures. I'm genuinely curious to know if you identified any dangerous coin hoarders, especially considering that you have access to more data than anyone, and you might have checked it out when deciding whether to take on/keep your own PC.

It's pretty common when faced with a question that has an embarrassing answer to just insult the questioner instead of answering.

Q: "Why do you have a hyperstaking wallet? You say it's for the security of the network, but how does a hyperstaking wallet help secure the network any more than a regular one?"

A: "This is such a tabloid forum. There's so much misinformation. You're nothing but a blight on the community."

Crazy theory: The PC keys were released as a final pump attempt. Reaching the minimum number of required coins gives people a reason to buy the coin, thus keeping the value from plummeting for just a little bit longer.

Of course, it will crash harder now because of all the extra coins being generated, but this keeps it afloat just a little bit longer for someone to make a final dump.

You didn't, though. The core issue of why you have it is still unanswered. "Security" has been stated as a reason, but there has been no clear description of how making your wallet hyperstaking helps the security of the coin.

Your answer made no sense. "Obviously we have an interest in ensuring the network is stable to avoid "issues"." So you have a PC to give yourself an interest in the network, but you only acquired a PC because of your interest. So you already had the interest; why did you need a PC?

It still blows my mind that a partner in one of the most prestigious firms on Wall Street was conned into bankrolling this whole thing.

Scams can hit anyone, even the most financially sophisticated.

I don't understand this answer. I still don't understand why an exchange owning a hyperstaking wallet makes the coin any more secure than the exchange owning a normally staking wallet.

I sarcastically said to someone yesterday, "Sorry I didn't cup your balls, bro." This thread has now influenced my daily speech.

Note, however, that I did not say that in a professional context to a business associate. That would get me fired.

No, he called the forum for voting, i.e. bitcointalk, a cesspool.

1) For any of this Prime Controller sketchiness to matter, someone has to want to buy the coin. For all of this "this coin isn't dying" to work, someone has to want to buy the coin. For all of the time, energy, and money spent by the Paycoin Foundation and Team XPY Dev to matter, someone has to want to buy the coin.

So that, to me, is the most compelling remaining question. Who is still buying?

2) The second most compelling line of investigation is how involved Cryptsy was in GAW's affairs, especially the CTO. I had no idea Long was CTO of Cryptsy, and that seems like a gamechanger. Even if Cryptsy washes its hands of XPY completely, it still has that historical relationship with an internet scam that was much tighter than previously thought. We knew Josh recommended Cryptsy as the exchange of choice, and I thought that was because he had bots set up on that exchange, but, as usual with this story, the reality involves a backroom deal and multiple bad actors.

3) How many hyperstaking wallets are there, now? It seems like this is something that might could be answered with blockchain analysis if I cared enough. I think those leaked private keys will transform any wallet with a certain number of coins into a hyperstaker. That's kind of a big deal. This effectively chases out any small owners of XPY. If you don't have enough to hyperstake, and everyone else is hyperstaking, the value in their wallets will remain fairly constant, but yours will drift towards zero.

4) Saying "but the REAL villain is Josh Garza" doesn't excuse scummy actions. There are a bunch of icky people involved in this, too many to name, really. Of those, the only one who's really come out and said, "My bad. I f'd up and helped scam a bunch of people" is Capuano. Every other person is trying to deflect blame for their actions onto Garza, and any integrity the Paycoin Foundation might have had was blown away when they inexplicably bumped their hyperstake rates up to 100% for no discernible reason. There is so much sketchiness, even with previously respectable businesses like GoCoin, that something like BitMain's super-professional dealings with GAW stands out as an exception.

I'm pretty sure he's renting out the Hillcrest property. It might be hard to kick someone out on such short notice. Not to mention that it possibly was used as collateral for a $200k loan from Fraser, so he may not even own it very much longer.