I'm pretty sure he thought this was going to be true. He didn't promise a specific dollar amount of price support for it, but he did lay out some reasons for his prediction. It's pretty clear that he thought the ability to convert to Hashstaker Primes would make them worth $100.

I don't think this is fraud like some of the other claims.

The only detail I want is to know what revenue stream will be funding the monthly payments. This could actually be worth putting money into if I thought GAW would be at all solvent once they start this program. I just don't know where they are going to get the money to fund these obligations.

We know it's a joke because you stipulate a "1-1.5 Million/year salary". If it was for reals, you'd just require the low end of that, because the low end is the actual stipulation. You changed it to in "one to one point five" because it sounds funnier.

I know I avoided losing money largely because of this thread. Thanks to all of the posters of a couple of months ago.

I love this post. I usually don't care about hacking like this, but, IMO, when you post a source's name, especially a government source, you step over a huge thick line.

The btcjam account references a facebook account with over 900 friends. It's possible that it could be a fake account that spammed to get friends, but it's worth checking out in case it's not. Coinfire should probably contact btcjam (or get his lawyer to do it).

coinfire mentioned he went to lengths to redact information to protect his source.

FWIW, I was wrong about the facebook being down. It was just facebook having issues, I guess. The person's page still exists to the public.

Still, this can't be good.

It looks like the same person took down hashtalk. Probably just did all of this for lulz. Especially potentially ruining the career of coinfire's SEC source.

A user named "Bl4nk".

The user posted "Time to put hashtalk to rest." right before it went down.

Yes, I do.

The source's facebook page is gone. Shit just got real for that person.

Now the suspense comes from finding out how the SEC responds to the leak. Will the person be fired? Will the SEC release some statement on the matter? Will they just ignore it?

oh shit they named the SEC source

I do not understand these people at all. This makes about as much sense to me as murdering people over cartoons.

People are mad at coinfire for what? For giving people a heads-up about an possible SEC investigation before it's made public? It seems like PayCoiners would especially like having that information early. Reporting that early doesn't really harm anyone except the SEC, and that's the entity PayCoiners would like to obstruct anyway.

Here's what I don't get.

People are still buying XPY. prima facie this looks like a good investment. You buy XPY for a couple of bucks, then, some time in the next few years, you get $20 for it.

What I don't get is why people think GAW won't go bankrupt in the near future. If they go bankrupt, then this $20 obligation will be one of the first things to go, and people will just get their coins back from escrow. Unless they have some kind of way to generate revenue, I don't see how they can stay around more than a few months. How are they making money? Volume on hashmarket has died, hashstakers aren't being sold, and any paycoins they have aren't worth very much. How can this company stay afloat? And if it can't stay afloat, why would anyone buy XPY?

I think the Joe Mordica thing is dead. There just happened to be two people with that fairly rare name two years apart in age who went to the same college.

Freaky, but that's where the evidence points.

No, I guess the improbable is true.

There is only one public Facebook page in the entire universe belonging to a Joe Mordica.

Two Joe Mordicas of similar age went to USM within about 5 years of each other.

(The latter is gleamed from the following. The passed Mordica was a student at USM when he died at 24 in 2012. In 2015, a bio for CTO Mordica has him with seven years industry experience. Now, if you're assuming CTO Mordica isn't lying, these can match up if you count jobs held in/before college as industry experience. Which people usually do.)

No, you mean if there were ever TWO Joe Mordicas enrolled there. We know the one who passed went to USM.