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

[zerocoder]

People start to ask questions in HT, selling all that shitty hashlets make me feel so light. Thank guys, this night will get a good sleep

[yeahright]

Well I can finally sleep at night now.  I have successfully sold everything I have with GAW and got my BTC out of there just in time before the second attempt of the "upgrade". 

[alienesb]

Well I can finally sleep at night now.  I have successfully sold everything I have with GAW and got my BTC out of there just in time before the second attempt of the "upgrade". 

Yeah life is so much better not having to worry about stupid rockets and boosts and other shit.

[zerocoder]

This guy try to get rid of all of the evidence of his criminal activity, there was no miner and with all that stacking shit He does not need any miners. Hope Scott find a way to put that guy where He belongs to

[yeahright]

Well I can finally sleep at night now.  I have successfully sold everything I have with GAW and got my BTC out of there just in time before the second attempt of the "upgrade". 

Yeah life is so much better not having to worry about stupid rockets and boosts and other shit.

I agree and half the time the boost was delayed an hour daily.  Regards just glad I have my BTC and can see how it all pans out.  I still have all the points and if they can be traded for BTC that's what I will be doing right away.

[puwaha]

I'll keep a few Primes and my Genesis just in case this thing pans out, At the moment though it's risk management for me.
Would really like to see my 170k plus points turn into BTC but I am not counting on it.

I love how half the critics here are saying something similar to the above.  Why not totally divest if you think it's a ponzi?

I believe that if it was possible to sell hashpoints even at face value ($0.01) many would do just that. After mining coupons for two months there is not a lot of choice now. Forfeit everything or sit and wait.

I wasn't even referring to the hashpoints... it' more like these types of posts:

I'll keep a few Primes and my Genesis just in case this thing pans out

Just in case...

[RiverBoatBTC]

I keep a bag of coal as well, in hopes of one day they will be diamonds... or I need to bbq.

[puwaha]

What really gets me is why do they only ever give half truths?

Because you will never be satisfied.  That's the way it is on internet forums.  If someone presents evidence, too many people try to weasel out of the demand, stating... "Well, it was only a half-truth... or he didn't fulfill all my requirements."

[maildir]

Knows no bounds...

BLOOMFIELD, CT--(Marketwired - Dec 8, 2014) - GAW Miners, one of the world's foremost bitcoin mining hardware manufacturers and digital cloud mining providers, today announced the appointment of Jonah Dorman as general manager and vice president of the Company.

Having helped successfully launch PayCoin, the new crypto currency from GAW Miners, Jonah is already proving to be an integral team

http://www.marketwired.com/press-release/gaw-miners-appoints-jonah-dorman-as-general-manager-and-vice-president-1974883.htm

[puwaha]

I have never met a beloved ceo like homero,

Oh, so you've met him personally, have you?  Prove it.

[suchmoon]

Knows no bounds...

BLOOMFIELD, CT--(Marketwired - Dec 8, 2014) - GAW Miners, one of the world's foremost bitcoin mining hardware manufacturers and digital cloud mining providers, today announced the appointment of Jonah Dorman as general manager and vice president of the Company.

Having helped successfully launch PayCoin, the new crypto currency from GAW Miners, Jonah is already proving to be an integral team

http://www.marketwired.com/press-release/gaw-miners-appoints-jonah-dorman-as-general-manager-and-vice-president-1974883.htm

He's been posting as @GAW_GM on HT for a while, I'm surprised they only announced it now.

https://bitcointalk.org/index.php?action=profile;u=57116

For what it's worth he seems to know what he's doing, I have great respect for him for LeaseRig even though I don't necessarily agree 100% with everything he does.

Not sure if that will be enough to make sense of GAW though.

[maildir]

Appears to be Halloween Teeth guy.

https://plus.google.com/107653905794077407506/posts

My concern is the claim to be a bitcoin mining hardware manufacturer and the claim that paycoin has launched. Regardless whether the teeth are real or not.

[chmick]

HI all

Was I mistaken  , but i saw than the hashstaker are back on sell but price seems to be 11,95 ?

I'm not sure but i think I saw 9.95 at first time they were sold ?
 

[eightcylinders]

Fools and their money ...

It occurred to me last week that something is not right about the valuation of Primes in the marketplace.  When private sales were allowed, the going rate was a discount off the "retail" (about 25-35/mhs).  So how is it possible that the market NEVER dips much below $48/mhs and typically stays pegged right around the "retail" $49/mhs price?  Sure there are brief times when lower prices are posted, but not often.  And, regardless of the hype, the price never blips up too much either.

Moreover, the $49/mhs price is just out of whack with any real mining.  Prices per mhs are now $3-10 for real mining hardware (scrypt).  The only justification for anything more would be a belief that Paycoin is going to be worth more than $20 - but even then, Zens make more sense than Primes as someone else has shown (can't recall the link, sorry) with a pretty detailed analysis.

Even stranger is the lack of volatility in Prime prices (up and down movement from day to day).  Even if there were lots of folks who "believed" in Paycoin, and despite all rational analysis were willing to pay a premium to own the Primes, Paycoin is a pre-release product and you would expect volatility.  Lets say that there are sophisticated Wall Street insiders who "know" primes are worth more than $50.  When the price runs down they would buy; BUT, being sophisticated investors, they would wait until the prices hit a floor before buying (creating rapid, large, up and down swings).  There is almost none of that.

So how is it that the Prime prices remains so darn stable and high, with almost none of the volatility you would expect to see from a pre-release product? 

My hypothesis that there are buyers (GAW or resellers most likely) who are propping up the Prime market, buying up quickly any hashlets posted for less than $49/mhs.  Much like GAW plans for Paycoin, where a floor will be established through buybacks.  Seems to me that could already be being done with Primes.

Buoyed by my new hypothesis, I decided to put my feet back in the water last week right before the Big Announcement about Primes.  I deposited 22 BTC back into GAW, and hit the "reverse sale and prepare for market button" which gave me back the approximately 350+ mhs in Primes that I had sold back to GAW early on.  Between Thursday night and Saturday morning, I was able to sell the Primes on the market for a total of about 40 BTC.  It took several withdrawals and 3 withdrawal holds over 3 days before I got all my BTC back out with profit. 

Maybe my hypothesis is just a salve for my conscience. I am sincerely hoping that I am right about my hypothesis (in which case I just took money from the folks trying to prop up prices); or that I am wrong about GAW (in which case I feel great having made 18 BTC in one day, and I will be thrilled to see buyers of my Primes make even more money).  Otherwise, there will be some sad folks holding my former Primes when the house falls down.   

YMMV but if you have a revert button on your account, something to consider.

[suchmoon]

Appears to be Halloween Teeth guy.

https://plus.google.com/107653905794077407506/posts

My concern is the claim to be a bitcoin mining hardware manufacturer and the claim that paycoin has launched. Regardless whether the teeth are real or not.

Suprisingly no mention of the most innovative product ever - the HashStaker. Their PR really needs to step up.

[MinermanNC]

Knows no bounds...

BLOOMFIELD, CT--(Marketwired - Dec 8, 2014) - GAW Miners, one of the world's foremost bitcoin mining hardware manufacturers and digital cloud mining providers, today announced the appointment of Jonah Dorman as general manager and vice president of the Company.

Having helped successfully launch PayCoin, the new crypto currency from GAW Miners, Jonah is already proving to be an integral team

http://www.marketwired.com/press-release/gaw-miners-appoints-jonah-dorman-as-general-manager-and-vice-president-1974883.htm

What bothers me is its always about GAW this, GAW that.... far to centralized and under one control. That's the biggest risk. BTC so is vast and anyone can choose how and where they want to mine and determine their own fate, not have it determined by one man and his fantasy. I feel this will be the downfall/pitfall of paycoin.

[suchmoon]

HI all

Was I mistaken  , but i saw than the hashstaker are back on sell but price seems to be 11,95 ?

I'm not sure but i think I saw 9.95 at first time they were sold ?
 

Yes, they increased the price. Don't buy it. If you really want it buy a Zen and convert it to a HashStaker (conversion planned for Wednesday).

[puwaha]

I'll keep a few Primes and my Genesis just in case this thing pans out, At the moment though it's risk management for me.
Would really like to see my 170k plus points turn into BTC but I am not counting on it.

I love how half the critics here are saying something similar to the above.  Why not totally divest if you think it's a ponzi?

I have no idea either way, but people here state valid concerns,

They do have concerns, but the validity is still yet to be determined though.  No company in the history of mankind has ever been able to satisfy every customer... let alone satisfy any determined detractor.

I have already reached positive ROI so I'll let a little ride with GAW to see how it all pans out, I mainly have Genesis now as they are the only thing mining BTC, If I feel it's going full Ponzi I'll dump them on the market, I could already make profit doing that now as bottom line is 0.51 I bought at 0.45, but they are paying daily at the mo so I'll hold for a bit.

As far as the Primes there could be a price boost on the market, if so I'll dump my last few.

You've reached "break-even"... you mean.  ROI is different.  But, I digress.  If you have reached break-even, what concerns do you have?  It seems you have done well with your Zencloud experience.

[puwaha]

I keep a bag of coal as well, in hopes of one day they will be diamonds... or I need to bbq.

Touche... good one. 

[I_IZ_CEO]

Fools and their money ...

Did you wear a condom? Someone is butthurt after this I would think.