Maybe the shit is really starting to hit the fans and they are really trying to cover their asses at this point. |
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So according to Redacted 17 days ago, the FinCen registration (that's the MSB right?) had been "ongoing for some time".  |
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I really hope this is how he answers the Miami Q&A questions: "It is not a scam, BECAUSE I DO NOT WANT IT TO BE."  |
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This one is one of my favorites cause it shows just how awry things have gotten. When paycoin was first trading for .04BTC or whatever and they weren't "setting the floor" yet, it was a gift!! I guess at .01x it really was a gift at that! This is a "perfect storm" representation of a Josh announcement: unflappable arrogance + utter cluelessness  |
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The problem is in some ways Josh has already won. He has a coin with tons of trading volume and an almost infinite supply of coins to sell. Even if he sells off slowly every day, every day that goes by makes him richer and richer.
He can sell 10000 paycoins at $3 every single day. That's $30k per day. Even if it drops to $.50 he will make 5k per day. Every day that passes gets him richer and richer. And the cultists/pawns are more than willing to sacrifice themselves to allow him to cash out against them. They are about to dig into their credit cards to help him cash out more as I type this.
It's kind of sad. We showed the truth but it doesn't really matter. Shows how fucked the world is. Unless he ends up in lawsuits or jail, what else is to stop him? The exchanges will never delisted XPY because they are making bank on the high volume.
I'm not sure I see this ending well actually. Pretty much like every altcoin scammer, the scammer gets away with a fortune and leaves the bagholders behind to suffer.
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in regards to mods and NDA:
if i would be running a.. hmm.. shady business with a forum, i would make sure the mods where to sign an nda, not because i would want them in the loop, more so because if they by accident should learn some little piece of info, then the nda would prevent them from spilling it ( not in legal term, think psycology)... it will put up a block in peoples minds..
Garza is seemingly always in crisis mode and probably makes a bunch of mistakes with what he tells people, so that's why I think trying to probe the mods' memories a little might help. It might be something they don't even realize right now is evidence. |
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If this is a compounded 350% it means more than 3000% annually (non compounded equivalent) doesn't it?
And ... Wait, if it's 1% daily then you're right. That means 6 million XPY in Prime Nodes creates over 180 million of new coin every year for the hardcoded addresses.
I've been a mainly silent observer to this ongoing drama, but I cracked and couldn't help posting in hashtalk over some incredible oversights. How come no-one is going crazy over the prime stake rate that is currently hardcoded to GAW addresses? People have been saying that it's 350%, which would be insane... but if I read the code correctly it's actually just under 1% compounded daily, which equates to over 3,000% annually. How can any coin survive hyper inflation like that? 6 million XPY in Prime nodes becomes ~ 180 million XPY after Year 1. 5,400 million XPY after Year 2 162,000 million XPY after Year 3 etc... If the coin was actually worth $20, the market cap would overtake the total amount of USD in circulation halfway through Year 3! In Year 4 Paycoin would be worth more than all the other money that exists on the planet. ] And here is the cultists' reply:  |
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I think you're blowing this mod thing out of proportion, I could see a lot of people wanting to be mods and signing an NDA if they were asked to simply thinking it applied to the information they see and the standard user doesn't. Ban reasons comes to mind.
I agree that an NDA for a public forum is questionable but on the other hand I can understand people wanting to be mods and not thinking twice about signing it before the last couple of weeks. Lots of them probably saw being a mod as an honor (for lack of a better word) at some point, it doesn't mean that they aren't entitled to change their mind or think constructively.
hashtalk is the centerpiece of Garza's whole scam operation which stretches beyond paycoin and includes Hashlets and other products before that. The censorship is used, along with the RA-RA cultists, the grandiose announcements, and manipulative fake accounts as necessary, to lure investors into the scam. That's why being a mod is so complicit in the scam. They are handling one of the critical parts of the scam, censorship. I'm sure not every mod knew, but I'm sure some knew what was up. I don't see why they would have shared any incriminating evidence with MODs, it would make no sense to me. I do agree with your statement that being a MOD means you have to censor but I think it was easier to do because of the turf wars, it's easy to ban a user who ends up saying "you're a piece of s***" after being taunted and called a troll by the consensus. We're all humans, I'm sure they were thinking they would do good when they signed up and over time changed their mind and became uncomfortable. Some people may have a binary mind but it takes time for most to go from "this is great" to "I can't continue to do this". Don't get me wrong, I don't think that it's all roses and pink, I just think people are blowing this issue out of proportion and there's no need to resort to name calling. They weren't banning just users saying shit. They were banning any users asking wise questions that they didn't want to answer or to be seen by the followers. I know, cause I was one (the very first time I got banned). |
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Its funny that post was actually edited and changed I thought it looked familiar and realized I took a screen shot of the original minutes after it came out.  This new @Paybase king seems just the same as the old...  |
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I think you're blowing this mod thing out of proportion, I could see a lot of people wanting to be mods and signing an NDA if they were asked to simply thinking it applied to the information they see and the standard user doesn't. Ban reasons comes to mind.
I agree that an NDA for a public forum is questionable but on the other hand I can understand people wanting to be mods and not thinking twice about signing it before the last couple of weeks. Lots of them probably saw being a mod as an honor (for lack of a better word) at some point, it doesn't mean that they aren't entitled to change their mind or think constructively.
hashtalk is the centerpiece of Garza's whole scam operation which stretches beyond paycoin and includes Hashlets and other products before that. The censorship is used, along with the RA-RA cultists, the grandiose announcements, and manipulative fake accounts as necessary, to lure investors into the scam. That's why being a mod is so complicit in the scam. They are handling one of the critical parts of the scam, censorship. I'm sure not every mod knew, but I'm sure some knew what was up. |
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Peculiar trait of these ex-mods and believers, stomp their feet and scurry off. One can see now why they fit so well in there in the first place and exactly how that odd-ball place was run. I do wonder if they are born this way or trained.
Well, they can't just delete the thread here or modify the posts to suit their liking now can they? |
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What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.
The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself. GAW Required everyone that did business for them to sign an NDA. Just because of the fact that we MIGHT be told something. Which in my dealings we weren't. You guys requested facts, they have been provided. But please, continue with speculative attacks. Were you guys paid or compensated in any way for being mods? If anyone was paid, that was between them and GAW, I can't speak on behalf on that, for i don't know. So you are saying, no you were not paid or you are taking the 5th on that? I answered the question already. As everything is being turned to an attack by an angry mob. I'm off. This is no longer a discussion and information being exchanged, this is a witch hunt to individuals that were brought blindly into a position who left because they realized what was going on. Umm, where did I miss this exactly? And I don't mean implied. Jesus, these mods are just employees trying to save their own asses. They deserve no sympathy whatsoever and should hang right next to Garza. I don't buy any of their bullshit. They know exactly what was going on in the scheme to bilk innocents out of large sums of money in that cesspool boiler-room scam site hashtalk. Let em hang boys! |
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What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.
The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself. for them to sign an NDA. Just because of the fact that we MIGHT be told something. Which in my dealings we weren't. You guys requested facts, they have been provided. But please, continue with speculative attacks. They did business with Gaw, so that implies some form of compensation. Yes, and I would like for them to answer this and to know how they were compensated. This information could help to expose the fraud obviously. |
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What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.
The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself. GAW Required everyone that did business for them to sign an NDA. Just because of the fact that we MIGHT be told something. Which in my dealings we weren't. You guys requested facts, they have been provided. But please, continue with speculative attacks. Were you guys paid or compensated in any way for being mods? If anyone was paid, that was between them and GAW, I can't speak on behalf on that, for i don't know. So you are saying, no you were not paid or you are taking the 5th on that? |
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What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.
The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself. GAW Required everyone that did business for them to sign an NDA. Just because of the fact that we MIGHT be told something. Which in my dealings we weren't. You guys requested facts, they have been provided. But please, continue with speculative attacks. Were you guys paid or compensated in any way for being mods? |
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Could you elaborate in details from the Paycoin's code, that make you think so...  Thanks, ZiG I already did in this thread on one of the more important ones... but I'll summarize it: 1) Orion Controllers require a hard fork to get what they're advertised. Currently the tx fees are destroyed and they're supposed to go to the Orion Controllers and Prime Nodes as an added "payment" for holding x # of coins. This isn't too big of a red flag in itself but to spend "months" on a coin release and have "professional" devs build your coin only to have something as trivial as transaction fees being destroyed when they're not supposed to be is, in my opinion, weak. 2) The wallet release was so horrid that there are still constant posts on HashTalk and poor souls entering the realm of IRC looking for help. Some had such a fucked up wallet that their coins were actually locked up in that piece of shit and they couldn't do anything about it without help. It was very obvious that there was very little, if any, GAW support for their qt wallet release as well as very little "non-zencloud" expertise among the gawlets themselves. Thousands of coins were, and possibly still are, at the mercy of good-hearted souls to recover. 3) Prime Nodes... 49 prime nodes that have stake rates of 10% (3 wallets), 20% (2 wallets), 100% (10 wallets), and 350% (35 wallets). Each of the pub keys in those lists are linked to a priv key (not a paycoin address key btw so this was literally built to be anonymous as to which wallet gets what until the blockchain shows through the transaction) that tells the wallet to say it is a prime node. One thing is that there are 49 prime nodes but 50 keys. The extra key could be anything from 10-350% but I'm going to assume that it's a 350% key that's the odd man out. This means that most likely there is an extra priv key for whoever Josh picks (who do you think Josh will pick to possess that key?) to possess it that stakes higher than the rest of the network suckers. Just an fyi: The normal staking rate for Paycoin (XPY) is 5%. This means that there will be extreme and unbalanced hyperinflation affecting this coin shortly after the 35 350% prime nodes start dumping/selling/trading their enormous stakes. 4) Revalation noted that there was additional code that I didn't see. I have looked at the code and verified that the additional line @ L974 gives additional numbers that just, well, hide in plain sight how the interest is actually calculated each coin day. 33 / ( 365 * 33 + 8) = 0.00273790757487762382809259105617
Daily Rate * 350 = 0.95826765120716833983240686965901
Daily Rate * 100 = 0.27379075748776238280925910561686
Daily Rate * 20 = 0.05475815149755247656185182112337
Daily Rate * 10 = 0.02737907574877623828092591056169
Daily Rate * 5 = 0.01368953787438811914046295528084 So above you will see the daily stake rates for all "tiers". If that doesn't show that there will be unequal inflationary pressure on this coin, then nothing will. So there are 4 specific reasons why I can not approve of, recommend, or support this coin. In my opinion, it is not a question of if it will fail... it will fail and it's just a question of when. Interesting read.. so let's just assume that the value of an XPY is $20 today and we are on day 14 (to make it easy), the millions of coins in the 35 prime controllers at 350% have already been multiplied by 14? If so, forget about the screams on HT that dumpers are killing the coin value, the inflation itself is enough to bring a $20 valuation to the ground in a matter of days! How many coins are in Prime controllers again? I can't remember We can look at the numbers of current staking and can see there's no where near this many coins being created. I think several people have done the math on this thread alone. |
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Ok, since you're so keen on protecting the fraud, when the police come knocking and you refused to contact them with your evidence of this scam because of some "NDA" (Homero, is that you?) you will be arrested for aiding and abetting a scam for your lack of action to contact authorities. If you think the FEDs won't get your IP logs from Bitcointalk, or HashTalk for that matter, then you have no idea who you're messing with. I think Theymos would personally be grateful to hand over such documents.
So you're the FEDs or the Police now? I wasn't aware of that. I'll happily speak open with you... gtfo. Its you who's making allegations now. You don't know what I know or don't know or what I might or might not have been aware of or what my (full) motives are for having quit. So stop trying to tie a knot without a rope. There is plenty of folks out there who know exactly how I deal with things and who I have spoken to many times in the last months. Not having kept you in the loop isn't particularly a crime. You Sir might truly believe that "forum moderators" had direct 24/7 contact with GAW and insight or access to company information. You clearly have no clue. Most of us were lucky if we could get a tech question answered in under 24 hours and the majority of our own info came from the forum. I pretty much said all I had to say on HT in my last few posts. This one in particular which also includes a large portion of this community. Btw don't expect another follow up. As you can tell from my post count vs account age.. I don't tend to follow up. I say stick to the facts. The facts are that you willfully assisted in executing massive and provable fraud that is, was, and will continue to do great harm to both the individuals being defrauded and the crypto community as a whole. Many people's lives are being destroyed due to this scam even as we speak, and it is likely that some will even take their own lives over what you were involved in. Your excuse to absolve yourself of any wrongdoing and refusal to assist in exposing this nefarious activity is that you have an NDA that precludes you from doing so. I for one am calling bullshit and I do not care what fancy excuse you have for engaging in a fraudulent enterprise over an extended period of time and brazenly admitting that you are involved in covering up evidence as if that is OK. It isn't OK. Uhmm Kaaay? The Fact is, the mods are not provided any extra information than the community already receives. The NDA's that were signed were laughable at best. And nothing we had knowledge of would had benefit us for financial or personal gain. Facts have been given, but many are returning with slander and frustration. I did not recommend GAW to anyone, nor did i tell anyone to hold. I provided facts, and always reminded them and anyone that had asked, don't ever invest more than you're willing to lose. GAW is the one at fault, if any is to be pointed. We were provided a title to keep the peace, Animo has provided the information on Squash/Shadowbans which would have been the last bit of information that any NDA could have covered. Attacking the former mods is not going to net any more results than what has already been posted on HT, BTCTalk, and any other forum. Did you guys receive any money or compensation in any form for being an mod or other work you handled there? |
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Threats and bringing family into the mix is not cool. I hope the authorities track down anyone who has threatened weasel boy and they end up behind bars with him. That being said WE ALL have a dog in this fight. The damage being done to the cryptocommunity may be reaching a tipping point.
I don't agree that we really have a dog in this fight. The amount of ill will being generated IRL by Paycoin is negligible when compared to the effort of companies and entrepreneurs building the BTC core and BTC related services. Paycoin is going to wash up publicly soon, even if the coin itself is shuffled off to penny day traders when it's all over. In my opinion it's a blip on the radar and not worth much of our attention. Josh Garza is also worth none of our attention at this point, the momentum here will carry him on the rest of his journey. Well this is the second thread on GAW that has spanned 100's of pages. It seems that many people do really care. However you point is completely valid. All the noise here won't have any real impact one way or the other. I think it already has actually. |
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Paycon still isn't at zero
Likely will take years to get to 0 , just like any other scamcoin mother of all scamcoins "bobsurplus" bay is still at .00000059 lol. |
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So tell me this. Any other ex-HT mods such as blacklizard are welcome to chip in too.
The whole hash talk site seems like a scam room type setup. Bring in the sucker. Isolate him. Dazzle him with these grand announcements and all these people raving about all the money they made from Gaw. Extract money from sucker. Rinse. Repeat.
Can you comment on this? Do you know how many fake accounts are out there used by gaw staff (including Josh himself) to dupe the suckers?? Did you notice or suspect this going on at all? Do you have chat or other evidence that can prove this?
This would be a big help to the community if you could come forward with any evidence...
I left a few weeks ago, since then HT has gone down hill much more than i even anticipated. There were no discussions to that effect, no attempt to scam, no goals to drag people in and take them for what they were worth. Reviewing of my posting history will show i only responded with factual information and moderated fairly, but stern when necessary. I've discussed everything i can discuss, and my actions can speak loud enough to provide sufficient proof that i don't agree with the dealings of the company i was moderating for. So your whole time there as a mod, you never suspected or saw signs of gaw staff of using any fake accounts to promote their products or control/manipulate the masses at all? As you can see, folks here are going to assume you just abandoned ship now cause the money train left the station. Your reputations will be shot, at least for a while. You can always start new accounts/new aliases or whatever, or you can step for the community and become heroes by providing us some evidence we can use to shut this fucker down for good. |
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