Wow... Mr. CEO Boss has parted the seas once again. In reality, this "update" is another juvenile attempt at hyping up a dead-
Hashcoin something before its unlikely release with run-on sentences and jibber-jabber. The header and footer takes up so much space, there is only enough room for two basic paragraphs per page and 90% of that content really doesn't say ANYTHING constructive or revolutionary. It reads like a failed project management power-point presentation where someone's copy/paste habit got the better of them before converting it to a word doc then a .pdf at the last minute.
From what I can kinda see skimming through much of the nonsense, he is basically attempting to either copy SYScoin, which was a failure at launch due to its own all hype/no substance infrastructure or he is attempting to clone Blackcoin with its Halo features (using his own rebranding of course). Naaa... he would never do that...or would he???
More than likely, he is attempting to plagiarize the viable innovations developed in at least one of those projects with something he can peg to FIAT, like the USD, while keeping the actual pseudo "mining" behind the scenes (and under his control) with his mock POS mode of operation which is backed up by his virtual PRIME nodes.
Well, he may have missed the memo, but someone else has already done that (minus the unscrupulous Mt. GAW tactics and centralized control) and it is doing very well in just its first few days. What is the name of this NON-GAW solution that actually has the technological features Mr. CEO can only talk about?? Here's a pic -
Yes, a proven coin concept that actually made it through normal vetting, peer review, and a real "ICO" because it could back up all its claims with facts, a real white paper, and direct uncensored developer interaction with the public. No, each BitBay is not worth much now, but it has 3000 BTC crowd sourced backing it and the utility side of it is very polished. Can GAW/Zen say that? Didn't think so.
Scott-
I tried to warn people on hashtalk after having a conversation with this GAW_CEO kid. I quickly got banned and they already drank the koolaid so I think like 30 of them down voted me
I submitted this post on hashtalk directed at him before we had this conversation:
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@Madcotto you had me until that drunk part
I hear you though, you're worried and you have every right to be if you have a bunch of money invested.
As for me, I've only invested a few hundred dollars that I'm okay gambling with, I would gladly invest some real money but first I would have to be somewhat convinced my money will be safe.
@GAW-Founders @GAW-Staff @GAW_CEO this is for you, please answer these questions for us. I've made assumptions below, just correct me if I'm wrong or let me know if I'm right.
A few pieces of data would really make me feel better about investing more money and or keeping my money at GAW:
I am currently under the assumption that GAW is a mining operation with a giant total hash rate 500MH (I know that's really low, just keeping it simple for this post). So, if your total is 500MH and I buy 1MH, you have 499HM left to sell or mine with until you sell more, but I get to keep my 1MH for the life of the company. If I buy 2MH then you have 488MH remaining...
Gaw, is mining for blocks of coin, when a block is found you split the payout based on how much hashing power each person/account put toward finding that block (like a pool).
* Per coin, what is the total hash rate of the operation?
* Per coin, what is the total hash rate vs remaining? (what have you sold, how many do you have left...)
* Per coin, how many block are we getting daily?
* Why not List the blocks found, that would be **solid proof** to everyone that you are actually mining.
* Total power usage and cost for the farm or farms?
*If this data was posted somewhere on the site, I'm sure you would have quite a bit more customers, the fact that it is not posted is a **giant red flag**.*
*Another **giant red flag** is that picture of the mining farm you posted the other day. By now, I would expect several videos showing off this awesome mining farm. Why do you not want to sell more hashlets? Instead we got a bunch of pics of you and your friends in a Learjet
Please do me a favor, take that jet to the mining farm, invest in a camera, take some photos and video and report back*
Thanks!
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He quickly removed this post and tried to contact me via chat.
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GAW_CEO
I find your comment innapriorate and disrespectful. If you are interested a normal and respectful conversation, let me know.
about 14 hours ago chrisk
I’m sorry, I really don’t mean to disrespect anyone. I simply asked if you could post some numbers that anyone here would be interested in.
In the end I, like everyone on here, am a customer disrespect or not, I need to know the facts before I invest.
about 14 hours ago GAW_CEO
I would rather you not invest
if you do not have the info you want
about 14 hours ago chrisk
Wow, really?
So you don’t need the business?
about 14 hours ago GAW_CEO
Thats correct. I am only interested in business from those who are comfortable with us.
I dont want anyone doing business with us thats not comfortable
about 14 hours ago chrisk
Well that’s laughable. 1) you do realize this communication is not private in any way. 2) Rather than provide numbers you would just not want my business?
about 14 hours ago GAW_CEO
As the CEO, I get the choice to decide what I disclose. Just like you get to device who you do business with.
*choose
about 14 hours ago chrisk
Okay, so tell me. Why would you not want more customers?
I mean, in the end ive said that this is awesome! but simply asked for more data before I invest and you’re threatened or annoyed by that
why is that?
about 14 hours ago GAW_CEO
Its not about wanting more customers. I choose what I think is best for the customer base we already have. My obligation is to them and their investments. I do not disclose certain types of information for competitive reasons. Companies all over the world are copying our designs, and I am not interested in making it easier for them. So like I said, you have to decide if there is a fit here for you.
about 14 hours ago chrisk
So why not say that on your website?
about 14 hours ago GAW_CEO
say what?
about 14 hours ago chrisk
or even in the forums
that you will not provide any data at all. Its a invest and gamble or don’t type of deal.
about 14 hours ago GAW_CEO
Depends on what data your asking for. But no, as a private customer we will not release data about our financials, hashing power, the multipools we own, etc
about 14 hours ago chrisk
I mean, just respond to my post and say sorry, we will not give anyone that info ever for our own reasons.
so were having this conversation but you dont know what data I asked for?
about 14 hours ago GAW_CEO
Not interested an argument. Like a said a few comments back, we plan to do a walk through one of our data centers soon. If your not comfortable, I would wait until then to see if it has the information you want to see to make you comfortable. If it does, I would love to have you as a customer.
about 14 hours ago chrisk
Oh I am a customer. The whole point is that I wanted to invest more, meaning I needed more info before I do that.
its standard info that any pool would give you
Per coin, what is the total hash rate of the operation? Per coin, what is the total hash rate vs remaining? (what have you sold, how many do you have left…) Per coin, how many block are we getting daily? Why not List the blocks found, that would be solid proof to everyone that you are actually mining. Total power usage and cost for the farm or farms?
about 14 hours ago GAW_CEO
I will not provide that information. I have no interest in letting our competitors know our scale
about 14 hours ago chrisk
and that is your official statement?
You do realize you have to show where my money went right?
about 14 hours ago GAW_CEO
There are some pictures throughout the forum of different data centers
about 14 hours ago chrisk
The fact that I put my money into a black hole, and a tiny payout comes out every day (or not) is questionable.
Listen, i don’t want to waste your time. I think I have everything I need.
about 14 hours ago GAW_CEO
Cool, I think our walk through will address some/most of your concerns. It will have some general numbers, pictures, power, etc
about 14 hours ago chrisk
Yea, let me know. I love what you guys are doing but, I need to know its legit. No offense in any way.
Have a good night man.
about 14 hours ago GAW_CEO
email this address
info@bitmaintech.comand copy me
josh@btc.comand ask them if our most recent order was over 5 peta hash :grinning:
night
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To sum it up he doesn't want your business if you ask questions!
I posted this chat log, everyone already had too much koolaid and down voted the post, I couldn't respond to anyone because this kid banned me from hashtalk
Now. After all this I rushed to sell all my fake little miners "hashlets". Obviously, I didn't even come out of it with, even half my money but luckily I was able to transfer most of what was in my wallet.
After 10 or so tickets to "support", tickets that were closed without any explanation, I was paid out a little bit.
10/23/2014 Account Credit 0.00001627 BTC
10/23/2014 Purchase -0.10579200 BTC
10/23/2014 Account Credit 0.00004409 BTC
10/22/2014 Account Credit 0.00001783 BTC
10/22/2014 Account Credit 0.00001782 BTC
10/22/2014 Withdrawal -0.09975596 BTC
10/21/2014 Sale 0.09975350 BTC
10/21/2014 Payout 0.00000069 BTC
10/21/2014 Payout 0.00000169 BTC
10/21/2014 Withdrawal -0.00078330 BTC
So, on the 21st I moved the rest of whatever coin I had out of my account. All my "hashlets" have been sold at this point and virtually no money left in my account. I figure wait another day or so and see if I get any more payout. On the 23rd I noticed a payout of ~0.1 btc
nice, they finally did something right. I did another withdraw of whatever was in my wallet. Then, I realized, that bitcoin came from a sale of a miner
but I didn't sell anything on the 21st, in fact I had sold everything I had by the 19th. Then, on the 23rd my account magically purchased a miner? Now, i'm not a math wiz but if I only have 0.00004409 in my account, how is it that I bought a miner for 0.10579200
? Great! at this point these kids are playing with my account. I didn't sell that miner on the 21st and I sure as hell didn't buy one on the 23rd. I have put in at least 20 more tickets to support asking specifically about this and all I get is some snobby little girl say "Your account is fine, keep mining have a good day, he he
closing your ticket! thank you."
So GAW I want to close my account because I think you are a ponzi scheme and I do not want any part of it. You should respect that and close my fucking account. You know exactly who I am. Thank you.
I should add that, after this GAW BS. I went and bought several Bitmain Antminer S3+ miners for a nice price on eBay. I set it all up, mining on BTC Guild, getting a very proper payout. I'm actually earning Bitcoin now and a nice little chunk of it. I got my brother interested in mining he is running the same amount of miners. Life is good, no drama, no BS. BTC Guild deserves a lot of praise for being a good, honest pool.
