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

[suchmoon]

TLDR to the best of my ability:

• HashStaker is not a miner. It's a PayCoin wallet that pays out an extraordinary amount of interest on deposits. You need to acquire the coins separately (e.g. by mining HashPoints).
• The main difference between the HashStaker and other "guaranteed most profitable" instruments sold by GAW is that the HashStaker expires and has to be repurchased every 3-6 months.
• The early batch of HashStakers is promised to have a 150%-200% ROI within 3-6 months (after the PayCoin is released, which is still 2-4 weks away).
• The initial price is $9.95 for a 3-month 1-coin wallet, and $17.95 for a 6-month 1-coin wallet and is promised to go up "soon".
• There is no information as to how the revenue is going to be generated. All questions regarding mining proof etc have become essentially irrelevant due to the POS nature of the payouts.
• Edit: Hashlet Solos will be able to upgrade to the HashStaker for a fee, and will expire as the HashStaker would. Hashlet Prime will be able to do staking like the HashStaker, but will not expire. It is not known yet if Primes will be able to stake for free and/or forever.

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[suchmoon]

So I am paying $9.95 for the privilege of locking my PayCoin for the next 3-6 months.

What a brilliant move!

GAW will not only lock away their coin and keep people from cashing out after 1 month of virtual mining virtual company coupons, they will get paid USD to do it  

No. A 3 month lockup is $9.95. A 6 month lockup costs $17.95. You pay more for the privilege of locking up your coins longer. ROFL.

After that i lose my coins?

No, you keep the coins that you deposited. You lose the $9.95 or $17.95, but you are promised to earn more than that in the 3 or 6 months.

[Zeta0S]

So I am paying $9.95 for the privilege of locking my PayCoin for the next 3-6 months.

What a brilliant move!

GAW will not only lock away their coin and keep people from cashing out after 1 month of virtual mining virtual company coupons, they will get paid USD to do it  

No. A 3 month lockup is $9.95. A 6 month lockup costs $17.95. You pay more for the privilege of locking up your coins longer. ROFL.

After that i lose my coins?

No, you keep the coins that you deposited. You lose the $9.95 or $17.95, but you are promised to earn more than that in the 3 or 6 months.

So, is it any good?

[I_IZ_CEO]

so basically, you take a bet on whether GAW will still exist for another 3 or 6 months, and if you're right, you get paycoin "dividends", and if not, you lose everything. Clever!

That's how the crypto businesses are run. Every time you send your money to a coin exchange you take a bet. Same with every non-escrowed transaction or hardware purchase.
I read a story about some guy, who sold physical coins to Charlie Schrem with no escrow, taking a bet that a reputable community member will pay out. Next thing Charlie got arrested and the seller was left with no cash.
You never know

Sorry to correct you, Charlie has been making payments to him every month, go read the post.

This was funny

@Toddimus said:

How many coins can you stake on a Prime? is it 1 coin per MH?

Ceo said:
TBA

[suchmoon]

So I am paying $9.95 for the privilege of locking my PayCoin for the next 3-6 months.

What a brilliant move!

GAW will not only lock away their coin and keep people from cashing out after 1 month of virtual mining virtual company coupons, they will get paid USD to do it  

No. A 3 month lockup is $9.95. A 6 month lockup costs $17.95. You pay more for the privilege of locking up your coins longer. ROFL.

After that i lose my coins?

No, you keep the coins that you deposited. You lose the $9.95 or $17.95, but you are promised to earn more than that in the 3 or 6 months.

So, is it any good?

It's too good to be true, but that's just my opinion. Anything about it is mostly speculation at this time.

Here is another math thread on HT:

https://hashtalk.org/topic/20315

[wdl1908]

So I am paying $9.95 for the privilege of locking my PayCoin for the next 3-6 months.

What a brilliant move!

GAW will not only lock away their coin and keep people from cashing out after 1 month of virtual mining virtual company coupons, they will get paid USD to do it  

No. A 3 month lockup is $9.95. A 6 month lockup costs $17.95. You pay more for the privilege of locking up your coins longer. ROFL.

After that i lose my coins?

No, you keep the coins that you deposited. You lose the $9.95 or $17.95, but you are promised to earn more than that in the 3 or 6 months.

So, is it any good?

It's too good to be true, but that's just my opinion. Anything about it is mostly speculation at this time.

Here is another math thread on HT:

https://hashtalk.org/topic/20315

https://hashtalk.org/topic/20296/hashstaker-q-a/501

Lets try it this way. After the POW stage is over, and the POS starts, here is how Paycoins can be staked:

A normal wallet- 5% a year
A Hashstake Prime- around 400% a year (we are still figuring how we will make the cool down work)
A HashStake- around 400% a year, but for as long as it was purchased for.

[suchmoon]

Well, jimmothy you can add promise #9. Four hundred percent, the boss said it.

[knowhow]

soo where the primes haslets gets in on these new features? hastaker looks they just fucking primes since looks no longer worth the cost .....will them be able to mine paycoin or just btc as always

i wont invest any single penny for sure

hashbase were to be ready in December all avaible now will be maybe in January



FUNNY THINg is there only 5000 hastakers and around 200k user soo why them keep availbe to be bought or looks they are.... i didnt tryed i dont wanna them anyway

 those black hit fridays just get missed the target bang

[I_IZ_CEO]

so basically, you take a bet on whether GAW will still exist for another 3 or 6 months, and if you're right, you get paycoin "dividends", and if not, you lose everything. Clever!

That's how the crypto businesses are run. Every time you send your money to a coin exchange you take a bet. Same with every non-escrowed transaction or hardware purchase.
I read a story about some guy, who sold physical coins to Charlie Schrem with no escrow, taking a bet that a reputable community member will pay out. Next thing Charlie got arrested and the seller was left with no cash.
You never know

Sorry to correct you, Charlie has been making payments to him every month, go read the post.

Which doesn't change the fact that he waited months for something he should have gotten immediately and needed to start a scam accusation thread to finalize the transaction.
No correction was needed.

Paying with interest, nevermind he was in JAIL at this same time and was not allowed to go anywhere near bitcon, forfeit almost 1 million$ to US Government + lawyer fees, maybe another 500k - 1 mil? Payments being made and blockchain proof.

I am glad to see some final date on all of this,

but I doubt it will be over that easily...

Understood. I am going as fast as I can. I appreciate that its annoying to have to wait, so I offered interest every week.

I am paying you weekly interest (at 4.25% annually), this will make sure I pay you back as soon as possible. The longer it takes me the more I have to pay you

-Charlie

Just my two cents that I think what is fair is paying that interest rate for as long as the debt has been delayed to be repaid. Meaning weeks prior to this should account as well if that was not your plan originally posted earlier today.

I think its fair if we start the day Bracek PM'ed me to ask for the remaining 60 BTC (from the 2 coins) on October 4th. Thats 5 days before this thread was created. That means we are currently 6 weeks in.

According to: http://www.ginifab.com/feeds/compound_interest_calculator/?p=60&r=4.25&m=52.14&t=1&fv=62.60&rr=4.34

So, 60BTC at 4.25% annual compounding interest.

Year   Weeks   Starting Value   Multiplier   Interest Earned   End Value
0   1   60.00   0.0815113156885 %   0.05   60.05
0   2   60.05   0.0815113156885 %   0.05   60.10
0   3   60.10   0.0815113156885 %   0.05   60.15
0   4   60.15   0.0815113156885 %   0.05   60.20
0   5   60.20   0.0815113156885 %   0.05   60.24
0   6   60.24   0.0815113156885 %   0.05   60.29

Since I have paid back 24.7BTC out of 60BTC as of this morning, I currently owe:

60.29BTC - 24.7BTC = 35.59BTC

-Charlie

Now lets get to this CEO, do you think he will pay if this all falls apart?
Plus IDK how you can compare the 2
Please tell us how you understand this Hashstalker, scamcoin and pay-to-rent-wallet because it does not make any sense to most people? Any talk and info would be appreciated, until then....

[welchy8764]

So since the hashstaker is released there is a wallet for paycoin is this correct? why isnt the wallet under review by the community and in beta? So, we are to trust this will go off without a snag or hitch or any technical issues. This smells really really bad. The more you look at what they are doing at a high level the more it stinks. A wallet without a coin and being sold with a promise and no one has seen any code or logic behind the blockchain or wallet.. NICE!!They have no room to F'up or the house of cards will callapse on all the newbies who have no clue what they are buying

[welchy8764]

Wait until we roll out the plan next week.

Please stop spreading things you do not have the details for. The plan to create value for Primes is exactly the same!

The more FUD you guys spread about Primes, the more complicated its making things.

You trusted in me to make Primes more and more valuable for months now, that has not changes. Give it till next week

That house of cards could be collapsing now. WOW everyone is questioning Primes on HT.. CEO is begging for more time..

[deeneendo]

Wait until we roll out the plan next week.

Please stop spreading things you do not have the details for. The plan to create value for Primes is exactly the same!

The more FUD you guys spread about Primes, the more complicated its making things.

You trusted in me to make Primes more and more valuable for months now, that has not changes. Give it till next week

That house of cards could be collapsing now. WOW everyone is questioning Primes on HT.. CEO is begging for more time..

do you have a link?

[welchy8764]

Wait until we roll out the plan next week.

Please stop spreading things you do not have the details for. The plan to create value for Primes is exactly the same!

The more FUD you guys spread about Primes, the more complicated its making things.

You trusted in me to make Primes more and more valuable for months now, that has not changes. Give it till next week

That house of cards could be collapsing now. WOW everyone is questioning Primes on HT.. CEO is begging for more time..

do you have a link?

Here you go

https://hashtalk.org/topic/20339/please-stop-spreading-fud-about-primes

[raskul]

That entire forum just reads like a desperate therapy session for some kid who has got in over his head

[bitpop]

@mackattack said:
If we are supplying the PayCoins to fill them?? Why do they cost money anyway?? They are just a wallet? Prime hashlets should get this feature forever???

Because it will cost our company 100,000,000 dollars to keep up with that stake rate

-

Last I checked my raspberry can stake any amount for free

[jimmothy]

The future of cryptocurrency is in the cloud. Datacenters cut power costs in half and maximize uptime. They even keep, noisy and sensitive equipment safely outside your home. HashStaker is the world's first Cloud Staking Wallet, perfectly optimized to thrive in large, controlled datacenters and achieve massive economies of scale to offer unparralled availability. All HashStakers are hosted in the most robust cloud mining and cloud hosting data centers in the world with 99.99% uptime guaranteed.

This might be the most hilariously absurd thing GAW has said yet.

Who actually thinks this is a real company again?

[maildir]

This is what all has always hinged on, this quote from some nutjob on their forum:

"Right, you have not done wrong by us so far, so why should this time be any different"

That has been his angle from day one repeating the mantra sticking up for the miners, making sure you get a return, flashing money around lease to pay BTC.com, every trick in the book that there is. And now that he is in the evangelical stage of "trust me" just give me your money you do not need to know the details, so it begins.

Why would anyone waste their time and money on this now even more clear hoax.

Good thing some on that forum are finally waking up. You will still see the hired hands blissfully ignoring the real customers pleas.

It is so fucking obvious this con job it is infuriating that he can continue unabated, some one really needs to shut him down.

[raskul]

The future of cryptocurrency is in the cloud. Datacenters cut power costs in half and maximize uptime. They even keep, noisy and sensitive equipment safely outside your home. HashStaker is the world's first Cloud Staking Wallet, perfectly optimized to thrive in large, controlled datacenters and achieve massive economies of scale to offer unparralled availability. All HashStakers are hosted in the most robust cloud mining and cloud hosting data centers in the world with 99.99% uptime guaranteed.

This might be the most hilariously absurd thing GAW has said yet.

Who actually thinks this is a real company again?

if he really did have hardware of that magnitude and 'muchwow!' he'd be mining bitcoin with it.
hash-takers need to cut back a but on the green stuff methinks.

[bitpop]

@Tradenow said:
if paycoin decreases in value over time? Maybe 10$ instead of 20$ it would be a bad idea to stake?

That will not happen. Our floor, to keep it from going bellow $20, is too large at this point

[elkrisi]

Is it magic?

GAW has managed to make people begging to PAY for staking wallets when the rest of the world uses FREE and open source ones!

Marketing makes the world go round...