GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)

[interstellar]

Who would trust a casino that will not honor their own poker chips? The level of imbecility displayed by these GAW believers is truly startling.

You just gave me a great gaw-inspired business plan...

Start a new coin, let's call it betcoin. Premine the shit out of it. All 1 billion of the coins. Good start.

Next launch or buy an exchange. It's the exclusive exchange for exchanging betcoin. Carefully control price and volume.

Then launch online casino that only accepts betcoin. Give huge deals like 100%-300% betcoin bonus on deposit (you own the whole ecosystem so you can do whatever the hell you want). Make sure this is a killer casino with splashy graphics and market the shit out of it. Offer better deals than anyone.

People who want to play will have to go to the exchange to buy. People who want to cash out have to go through the exchange as well. And you are in control of it all. You can carefully control volume and price and throw deals at customers if there's too much cashing out going on...

Keep this going for a few years.. All this time you are slowly selling off your 1 billion betcoins for as much as possible. All the money you make from your casino is just a bonus. Once you sell off all your coins, you sell the casino off too and retire in a Tuscany Villa or maybe an island retreat somewhere in the Bahamas (or maybe both).

Tell me why this doesn't work!? Lol

Good idea but ...
Already done:

breakout coin

http://www.coindesk.com/stakes-high-star-backed-bitcoin-gambling-site-crowdsale-stumbles/

https://bitcointalk.org/index.php?topic=808648.0

Damn I hate when my idea for the scam has already been done. I bet that happens to Homero all the time.

[strangerdanger101]

Who would trust a casino that will not honor their own poker chips? The level of imbecility displayed by these GAW believers is truly startling.

You just gave me a great gaw-inspired business plan...

Start a new coin, let's call it betcoin. Premine the shit out of it. All 1 billion of the coins. Good start.

Next launch or buy an exchange. It's the exclusive exchange for exchanging betcoin. Carefully control price and volume.

Then launch online casino that only accepts betcoin. Give huge deals like 100%-300% betcoin bonus on deposit (you own the whole ecosystem so you can do whatever the hell you want). Make sure this is a killer casino with splashy graphics and market the shit out of it. Offer better deals than anyone.

People who want to play will have to go to the exchange to buy. People who want to cash out have to go through the exchange as well. And you are in control of it all. You can carefully control volume and price and throw deals at customers if there's too much cashing out going on...

Keep this going for a few years.. All this time you are slowly selling off your 1 billion betcoins for as much as possible. All the money you make from your casino is just a bonus. Once you sell off all your coins, you sell the casino off too and retire in a Tuscany Villa or maybe an island retreat somewhere in the Bahamas (or maybe both).

Tell me why this doesn't work!? Lol

Good idea but ...
Already done:

breakout coin

http://www.coindesk.com/stakes-high-star-backed-bitcoin-gambling-site-crowdsale-stumbles/

https://bitcointalk.org/index.php?topic=808648.0

HeH the first comment in the article sums it all up for me:

"Quit being greedy and just use bitcoin.
I'm so sick of crap coins."

No one wants another alt-coin.

[ikeboy]

I was looking up pos-pow transitions and this says that the first one was a few weeks ago? http://cryptocoinupdates.com/first-crypto-to-switch-from-proof-of-work-to-proof-of-stake/ Is that true? Does that mean that paycoin's transition really wasn't done many times before? Or is that article wrong?

The article is not wrong, but it's about a coin that was originally POW and decided to become POS. Apples and oranges. Paycoin was already cloned from a POW/POS coin and hardforks were entirely their own doing. Many altcoins are POW/POS, certainly not a new concept.

Why are you trying so hard to find a way to justify obvious lies? Better focus on actual fact checking. It's really easy to look up Peercoin and find that it was introduced in 2012.

I don't understand each of the different reward structures so well, and when I tried to research, that article came up. Could you try assuming good faith for a while? How come you're calling me out for asking a question but not anyone who keeps on saying that the paybase reviews were false after they've been shown to be false? It seems that you only say something when you don't like something I say. Is that impression wrong?

[interstellar]

The cultists are getting scared... Freaking out about every little price movement in the coin...

https://hashtalk.org/topic/26402/xpy-price-is-crashing-on-bittrex/40

[WaffleMaster]

I was looking up pos-pow transitions and this says that the first one was a few weeks ago? http://cryptocoinupdates.com/first-crypto-to-switch-from-proof-of-work-to-proof-of-stake/ Is that true? Does that mean that paycoin's transition really wasn't done many times before? Or is that article wrong?

The article is not wrong, but it's about a coin that was originally POW and decided to become POS. Apples and oranges. Paycoin was already cloned from a POW/POS coin and hardforks were entirely their own doing. Many altcoins are POW/POS, certainly not a new concept.

Why are you trying so hard to find a way to justify obvious lies? Better focus on actual fact checking. It's really easy to look up Peercoin and find that it was introduced in 2012.

I don't understand each of the different reward structures so well, and when I tried to research, that article came up. Could you try assuming good faith for a while? How come you're calling me out for asking a question but not anyone who keeps on saying that the paybase reviews were false after they've been shown to be false? It seems that you only say something when you don't like something I say. Is that impression wrong?

Again, why are you ignoring what I said? You're being hypocritical now. IF GAWminers bought ZincSave, which they say they bought something and also had the testimonials from that, they changed the service. They changed the code to do a different coin, they changed the name. Any testimonials on the previous service they bought to alter do not count. Does this make sense to you at all? If not, how? I'll give you an example. I buy Paypal. I call it Mypal. Then I change it so instead of using fiat, it uses crypto. Before it's even released, I plaster a bunch of Paypal testimonies on it. Do you think that's ok?

[inBitweTrust]

I don't understand each of the different reward structures so well, and when I tried to research, that article came up. Could you try assuming good faith for a while? How come you're calling me out for asking a question but not anyone who keeps on saying that the paybase reviews were false after they've been shown to be false? It seems that you only say something when you don't like something I say. Is that impression wrong?

I think you are genuine in your search for truth. Try not taking things too personally as many of us seasoned cryto users have been fed up by the amount of scams in our ecosystem so we have a very low patience. This has its tradeoffs because on one hand we can quickly smell a scam and on the other hand we can come off as pretentious strident closed minded jerks. There definetly are some jerks and trolls here but some of us are grumpy people who actually care for you and the communities best interest.

Again, why are you ignoring what I said? You're being hypocritical now. IF GAWminers bought ZincSave, which they say they bought something and also had the testimonials from that, they changed the service. They changed the code to do a different coin, they changed the name. Any testimonials on the previous service they bought to alter do not count. Does this make sense to you at all? If not, how? I'll give you an example. I buy Paypal. I call it Mypal. Then I change it so instead of using fiat, it uses crypto. Before it's even released, I plaster a bunch of Paypal testimonies on it. Do you think that's ok?

One of the claims made was that those statements came from beta testers which could be possible. It isn't of great importance as I think its misleading which is bad enough and is archived with the more damning claims made for any lawyer to go through.

[favelle75]

The cultists are getting scared... Freaking out about every little price movement in the coin...

https://hashtalk.org/topic/26402/xpy-price-is-crashing-on-bittrex/40

So every "cultist" in that thread agreed with the OP?  Hmmm....  hyperbole much?

[WaffleMaster]

At least some people in the cult are starting to question why their money printing machine GAWminers isn't allowing them to buy their own services in paycoin2 and forces them to buy it with BTC kind of ironic, isn't it haha. The thing they want to triumph over they continue to use again and again. It's like a dysfunctional relationship where you break up with your crazy ex girlfriend for a new girl, but you can't stop having sex with your ex girlfriend because you know your new one isn't any good at anything.

[inBitweTrust]

So every "cultist" in that thread agreed with the OP?  Hmmm....  hyperbole much?

I don't see any crashing of paycoin2 today , I see a lot of profit taking and volume for a newer alt, and its still almost 1% higher today than yesterday.
Facts are facts.

[favelle75]

So every "cultist" in that thread agreed with the OP?  Hmmm....  hyperbole much?

I don't see any crashing of paycoin2 today , I see a lot of profit taking and volume for a newer alt, and its still almost 1% higher today than yesterday.
Facts are facts.

Exactly. And that's what 99% of the people in that thread think as well. So far from "the cultists getting scared", wouldn't you say?

[interstellar]

The cultists are getting scared... Freaking out about every little price movement in the coin...

https://hashtalk.org/topic/26402/xpy-price-is-crashing-on-bittrex/40

So every "cultist" in that thread agreed with the OP?  Hmmm....  hyperbole much?

Since when does "cultists" = "every cultist"? Obviously there are enough of them to start a thread about it and discuss it. And of course some are so in deep on this scheme that they will never admit any fears and always try to put out any fires that start. We know who those users are.

[ikeboy]

Ikeboy, you've agreed with me on everything I've said once I supply you with the proof I've already based my decisions on. Albeit you post about things which you don't completely research or understand, such as merchant's ToS, which I have read through and spotted what GAW is breaking with it's plugin it bought or copied off ZincSave, you do a good job of questioning certain things. You just rarely question them in the other direction.

EDIT: By the way, that article is wrong. Don't believe everything on the internet I've been with crypto for at least a year now. There have been uncountable PoW-PoS coins.

I didn't say that gaw isn't breaking the tos, but that it isn't illegal to break tos in general unless you've agreed to them. I did say that until we have the extension we don't know whather it will be breaking tos, and we should wait for that.

There was one time with you (with the redacted hashtalk post) that I was wrong and agreed. There are still some points of disagreement between us. I'll list some here:

Whether it's fraud to use reviews on a different version of a product from a different name. https://bitcointalk.org/index.php?topic=857670.msg9977023#msg9977023

Whether changing the wording of an announcement is significant when the same claim has been made many other times https://bitcointalk.org/index.php?topic=857670.msg9936695#msg9936695

I don't understand each of the different reward structures so well, and when I tried to research, that article came up. Could you try assuming good faith for a while? How come you're calling me out for asking a question but not anyone who keeps on saying that the paybase reviews were false after they've been shown to be false? It seems that you only say something when you don't like something I say. Is that impression wrong?

I think you are genuine in your search for truth. Try not taking things too personally as many of us seasoned cryto users have been fed up by the amount of scams in our ecosystem so we have a very low patience. This has its tradeoffs because on one hand we can quickly smell a scam and on the other hand we can come off as pretentious strident closed minded jerks. There definetly are some jerks and trolls here but some of us are grumpy people who actually care for you and the communities best interest.

Again, why are you ignoring what I said? You're being hypocritical now. IF GAWminers bought ZincSave, which they say they bought something and also had the testimonials from that, they changed the service. They changed the code to do a different coin, they changed the name. Any testimonials on the previous service they bought to alter do not count. Does this make sense to you at all? If not, how? I'll give you an example. I buy Paypal. I call it Mypal. Then I change it so instead of using fiat, it uses crypto. Before it's even released, I plaster a bunch of Paypal testimonies on it. Do you think that's ok?

One of the claims made was that those statements came from beta testers which could be possible. It isn't of great importance as I think its misleading which is bad enough and is archived with the more damning claims made for any lawyer to go through.

inBitweTrust: thank you for that.

WaffleMaster: I was responding to suchmoon and was going to deal with you after. How was I hypocritical? I think that the issue of the testimonials should be talked about after paybase launches. We don't really know how it will work, how similar it will be to the previous service, a lot of things. I agree that if they were completely forged, that would be a bad sign, but they weren't. It's not like they're for a service that's available right now, so it's not really an advertising problem yet. Wait a few more hours, and we'll see. I'm not even sure if we can call it misleading or not until after paybase launches.

Also, right now the testimonials were taken down. If they were only up before paybase launched, I don't think that's much of a problem.

[favelle75]

The cultists are getting scared... Freaking out about every little price movement in the coin...

https://hashtalk.org/topic/26402/xpy-price-is-crashing-on-bittrex/40

So every "cultist" in that thread agreed with the OP?  Hmmm....  hyperbole much?

Since when does "cultists" = "every cultist"? Obviously there are enough of them to start a thread about it and discuss it. And of course some are so in deep on this scheme that they will never admit any fears and always try to put out any fires that start. We know who those users are.

Actually, cultists imply "more than one". Was there more than a single person that agreed with the OP in that thread?  So wouldn't your post more accurately read "a cultist is getting scared... Freaking out about every little price movement in the coin..."?

[inBitweTrust]

Exactly. And that's what 99% of the people in that thread think as well. So far from "the cultists getting scared", wouldn't you say?

Sure, those Hashtalk members are right there. Yes, there are some idiots and trolls defaming paycoin2 and some shills pumping it. I don't think either you or ikeboy are shills and I think you do genuinely believe in the merits of paycoin2.

I will even go so far as to say that Paycoin2 does potentially some distinct benefits above BTC besides the ussual PoW vs PoS discussions. The fact that GAW is acting as a centralized issuer and trying to stabilize the currency (like the FED) could potentially lead to price stability which is a good thing for currencies. Personally , I would prefer my crypto to be slightly deflationary and stable but to each his own.

This doesn't take away from much of the concerns and criticisms we have levied against GAW and paycoin2 though.

[hdbuck]

im here for paycoin3

[interstellar]

The cultists are getting scared... Freaking out about every little price movement in the coin...

https://hashtalk.org/topic/26402/xpy-price-is-crashing-on-bittrex/40

So every "cultist" in that thread agreed with the OP?  Hmmm....  hyperbole much?

Since when does "cultists" = "every cultist"? Obviously there are enough of them to start a thread about it and discuss it. And of course some are so in deep on this scheme that they will never admit any fears and always try to put out any fires that start. We know who those users are.

Actually, cultists imply "more than one". Was there more than a single person that agreed with the OP in that thread?  So wouldn't your post more accurately read "a cultist is getting scared... Freaking out about every little price movement in the coin..."?

There are more than one. You can take a poll on there if you want.

It's part of a bigger idea though my friend. The cultists are rebelling because they can't buy cashtakers for XPY. It doesn't make a whole lot of sense, but apparently they are cashing out their XPY at less than the $20 floor so they can buy the last of cashtakers. How this works out mathematically and financially I have no idea (I don't think it does but then I don't know how to think like a cultist) but it looks like the horde has spoken..

https://hashtalk.org/topic/26407/lots-of-xpy-moving-around/13

[Paul Revere]

im here for paycoin3

Good  idea! I think you should start a company named WAG to control it and have the call sign be YPX so there isn't any confusion with Paycoin2.

[jbreher]

... it isn't illegal to break tos in general unless you've agreed to them.

OTOH, it is illegal -- at least in a civil sense -- to engage in commercial unauthorized use of a trademark.

[favelle75]

Exactly. And that's what 99% of the people in that thread think as well. So far from "the cultists getting scared", wouldn't you say?

Sure, those Hashtalk members are right there. Yes, there are some idiots and trolls defaming paycoin2 and some shills pumping it. I don't think either you or ikeboy are shills and I think you do genuinely believe in the merits of paycoin2.

I will even go so far as to say that Paycoin2 does potentially some distinct benefits above BTC besides the ussual PoW vs PoS discussions. The fact that GAW is acting as a centralized issuer and trying to stabilize the currency (like the FED) could potentially lead to price stability which is a good thing for currencies. Personally , I would prefer my crypto to be slightly deflationary and stable but to each his own.

This doesn't take away from much of the concerns and criticisms we have levied against GAW and paycoin2 though.

No, and I don't think that I or Ikeboy, particularily Ikeboy thinks that SOME of those criticisms are unwarranted. Far from it. I don't like the centralized issue and I don't like the delays or misdirections. But that also doesn't mean its AUTOMATICALLY a scam to me. Also, you have to admit, has ANY other Alt-coin come in and gone as far as what Paycoin has done? Has it gotten so large in the first two weeks that Cryptsy began trading it in USD? No other coin has done that. Has any other Alt coin gobbled up companies (and an exchange) along the way?  No. Most Alts are complete washes built by some nerds in their parent's basements. You have to admit, even if Paycoin is a scam (which I am sure its not), look how far they took it. Any other coin come close to that?

[favelle75]

The cultists are getting scared... Freaking out about every little price movement in the coin...

https://hashtalk.org/topic/26402/xpy-price-is-crashing-on-bittrex/40

So every "cultist" in that thread agreed with the OP?  Hmmm....  hyperbole much?

Since when does "cultists" = "every cultist"? Obviously there are enough of them to start a thread about it and discuss it. And of course some are so in deep on this scheme that they will never admit any fears and always try to put out any fires that start. We know who those users are.

Actually, cultists imply "more than one". Was there more than a single person that agreed with the OP in that thread?  So wouldn't your post more accurately read "a cultist is getting scared... Freaking out about every little price movement in the coin..."?

There are more than one. You can take a poll on there if you want.

It's part of a bigger idea though my friend. The cultists are rebelling because they can't buy cashtakers for XPY. It doesn't make a whole lot of sense, but apparently they are cashing out their XPY at less than the $20 floor so they can buy the last of cashtakers. How this works out mathematically and financially I have no idea (I don't think it does) but it looks like the horde has spoken..

https://hashtalk.org/topic/26407/lots-of-xpy-moving-around/13

But how many people in THAT thread are telling them that that is a BAD idea?  Just because some people don't get it or are predispositioned to lose money, doesn't mean Paycoin is a scam. Surely thousands of people bought BTC at its heights above $1000 and then got scared and sold during its descent at $900, $600, $400, etc etc. Does that mean BTC is a scam as well?