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TracerX
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May 13, 2015, 02:00:39 PM |
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The articles in the "Learning Center" of btc.com sound like Josh Garza himself wrote them. English of a 12 year old.
Cringe worthy, to be sure. Upside is that this won't last long--once the long hand of the law finally catches up with Garza, he'll likely stop making "payments" on this domain. I'm pretty sure he stopped payments already and offloaded the domain to Bitcoinist, perhaps in an attempt to recover a fraction of his "investment". The alternative would have been to forfeit it all and have it revert to the previous owner. Does Bitcoinist have the cash to pay the mortgage on that domain? Wasn't it a trillion billion dollars? |
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Paul Revere
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The Scamcoats are coming!
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May 13, 2015, 02:07:38 PM
Last edit: May 13, 2015, 02:26:21 PM by Paul Revere |
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Well, it looks like Bitcoinist.net sold out to Garza. Another company that can not be trusted anymore because they chose to associate with a fraudster - just like Cryptsy. And Scott Fargo just happens to now be on the Bitcoinist staff, hence the pic from back in the good old days where Josh was stuffing BTC in his pockets for positive GAW stories.  http://bitcoinist.net/about-us/ |
All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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wbrant
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May 13, 2015, 02:23:50 PM |
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So is it a partnership with bitcoinist ? I noticed the footer: Bitcoinist Ltd.
1 Hova Villas Brighton & Hove
BN3 3DH United Kingdom
hello[a]btc.com Well the dead give away is © 2015 All rights reserved by Bitcoinist Ltd. So I would guess that since he can't afford to pay for the domain anymore he is letting them use it if they agree to keep paying the monthly bill on it. Then once it is paid off he will try saying the illegally stole it from him and he wants it back. |
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suchmoon (OP)
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https://bpip.org
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May 13, 2015, 02:26:12 PM |
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The articles in the "Learning Center" of btc.com sound like Josh Garza himself wrote them. English of a 12 year old.
Cringe worthy, to be sure. Upside is that this won't last long--once the long hand of the law finally catches up with Garza, he'll likely stop making "payments" on this domain. I'm pretty sure he stopped payments already and offloaded the domain to Bitcoinist, perhaps in an attempt to recover a fraction of his "investment". The alternative would have been to forfeit it all and have it revert to the previous owner. Does Bitcoinist have the cash to pay the mortgage on that domain? Wasn't it a trillion billion dollars? Probably not, but they have harebrained ideas: The BTC.com team is pleased to announce a new platform for the world’s Bitcoin users on the million-dollar domain www.btc.com. BTC.com is the prime online destination for information about the Bitcoin and digital currency industry: integrating a community forum, breaking Bitcoin and digital currency news, Bitcoin network statistics, a solid beginner’s guide to Bitcoin, and much more. The BTC.com platform serves the needs of everyone looking to keep up with Bitcoin and digital currencies, from beginners to experts. The million dollar BTC.com domain was acquired from the owner in a private, long term lease agreement. BTC.com Subdomains For Sale or Licensing The BTC.com team has many plans for the future, and is reaching out to Bitcoin companies who wish to license BTC.com subdomains. Top BTC.com subdomains available for sale or licensing include buy.btc.com, shop.btc.com, card.btc.com, exchange.btc.com, mining.btc.com, pool.btc.com, and wallet.btc.com. At this early stage, many subdomains are available and interested companies are invited to email hello@btc.com to express their interest. The slick BTC.com interface has been coded from the ground up, and includes never-before-seen features such as the Bitcoin price being displayed in real time at the exact time a news story is published. BTC.com has also been designed with end users in mind: We want the experience to be as easy to navigate as possible. BTC.com’s latest Bitcoin news and industry commentary is provided and managed by the experienced team at Bitcoinist.net. Beginners will also find an in-depth but easy to understand introduction to Bitcoin on the new site. Due to the memorable nature of the BTC.com domain, the BTC.com Bitcoin forum at forum.btc.com is expected to grow into a friendly community as large as bitcointalk. If it's really a lease the question is whether Garza is still involved or if they're dealing with the original owner/escrow. Licensing subdomains was definitely brought up by Garza a while ago. It's a BS idea, who would want to tie their business to someone else's brand/domain? I'm sure I've seen Bitcoin price being displayed before. Easy to navigate it is not. "as large as bitcointalk" - LOL. |
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bumpershot
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May 13, 2015, 02:34:44 PM |
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The articles in the "Learning Center" of btc.com sound like Josh Garza himself wrote them. English of a 12 year old.
Cringe worthy, to be sure. Upside is that this won't last long--once the long hand of the law finally catches up with Garza, he'll likely stop making "payments" on this domain. I'm pretty sure he stopped payments already and offloaded the domain to Bitcoinist, perhaps in an attempt to recover a fraction of his "investment". The alternative would have been to forfeit it all and have it revert to the previous owner. Does Bitcoinist have the cash to pay the mortgage on that domain? Wasn't it a trillion billion dollars? Well, it's already been like 8 or nine months since the purchase, so it could be sharply discounted. Garza bought it for a million, and the payments are $25,000. If we assume the payments are monthly, like 20% of the cost has already been paid (plus any down payment, if there was any). So, yeah, the numbers still don't add up. I can't imagine bitcoinist gets more than $5k or so a month in revenue. They could do some kind of financing thing where they use btc.com as collateral for a loan and spread the payments out over a longer period of time, but it's hard to make up the gap between $5k and $25k. In theory, Garza should be able to cash in GAW's "equity" in btc.com, thus embezzling more money from the company, but he over paid for the company, so the equity probably isn't in the $200k range, and it's hard to see how bitcoinist has the cash flow to take over the payments. IDK what's up. |
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suchmoon (OP)
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May 13, 2015, 02:42:47 PM |
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IDK what's up.
The only explanation I could come up with is that the price was never even close to $1 million and he somehow conned the seller/agent to go along with that PR story. I don't know much about domain markets, but for example the mineral.com domain was quoted at $70k I think and sold for $25k. So if btc.com was discounted from $1m to e.g. $100k down payment + $25k for 12 months ($400k total) then Garza would have nearly paid it off (with GAW's funds) and could now be renting it out for $5k. |
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Paul Revere
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The Scamcoats are coming!
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May 13, 2015, 02:53:17 PM |
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A good guffaw would be to buy a "sponsored story" explaining the GAW/Paycoin scam. Pepper it with links to various Coinfire articles on the subject and, of course, this thread.  |
All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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capsqrl
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May 13, 2015, 03:07:59 PM
Last edit: May 13, 2015, 04:11:18 PM by capsqrl |
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Our very own jdebunt works for Garza now: http://btc.com/author/jpbuntinx/"JP Buntinx is a Freelance Bitcoin Writer for BTC.com, Bitcoinist.net and DigitalMoneyTimes.com." He offered to review Coinstand in exchange for an invite (i.e., free stuff), and he has shopped from PexPeppers, and now he's literally on Garza's payroll through BTC.com. At the same time, he posts to this thread to ridicule the guy – well, he used to before his new gig, I guess. :-) |
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Xian01
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Christian Antkow
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May 13, 2015, 03:10:45 PM |
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Nightmare fuel right here... So, BTC.com is a news portal? Seriously? And Garza think there is one journalist left in the cryptocurrency space who will touch his shit with a 10 foot pole?
this. where can you report shady websites? there must be scam directories and rating sites. badbitcoin.org?  |
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TracerX
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May 13, 2015, 03:31:42 PM |
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Tried visiting BTC.com from a public Wi-Fi network when...  My filter on campus decided it was in the "ads" category, which is telling. We don't have a "scam" or a "shitty grammar" category, obviously. |
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Paul Revere
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The Scamcoats are coming!
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May 13, 2015, 03:53:22 PM |
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I was under the impression that the "Time to Think" when investing is before you invest. Oh well, better late than never I guess.  https://hashtalk.ch/topic/37672/it-s-time-to-think Archive: https://archive.is/MsRN3 |
All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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favdesu
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May 13, 2015, 04:04:09 PM |
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 oh yes, super secure just like all his other failed/bugged/hacked projects I guess |
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Paul Revere
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The Scamcoats are coming!
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May 13, 2015, 04:11:25 PM |
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It really does look like Homero is typing most of this. "We guarantee you to fill your inbox everyweek with the stories everyone talking about." Puhleeeeze.  I bet the fucking retard worked on that for a long while and felt satisfied that it was grammatically correct, too. |
All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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miaviator
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It's for the children!
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May 13, 2015, 04:34:28 PM |
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So, hypothetically, suppose ...
A group starts collecting money for a credit/debit card that doesn't exist yet.
Their web site is hosted on one of the worst free hosting services.
They take payments over an insecure connection.
They claim the card will be a MasterCard, but MasterCard says they have no contract with the group.
The mailing address is a mail drop used by various known scammers.
Their listed support email address is unresponsive.
Hypothetically, is there ANY conceivable way this hypothetical group could avoid being blacklisted on badbitcoin?  |
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wpstudio
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May 13, 2015, 04:47:34 PM |
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So, hypothetically, suppose ...
A group starts collecting money for a credit/debit card that doesn't exist yet.
Their web site is hosted on one of the worst free hosting services.
They take payments over an insecure connection.
They claim the card will be a MasterCard, but MasterCard says they have no contract with the group.
The mailing address is a mail drop used by various known scammers.
Their listed support email address is unresponsive.
Hypothetically, is there ANY conceivable way this hypothetical group could avoid being blacklisted on badbitcoin? How would MissBadBitcoin get their stipend if they blacklisted the "project"  ? |
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subseaguru
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May 13, 2015, 04:52:34 PM |
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So, BTC.com is a news portal? Seriously? And Garza think there is one journalist left in the cryptocurrency space who will touch his shit with a 10 foot pole?
i asked about it on twitter and was told "the domain was acquired from GAWMiners in a private, long term lease agreement until 2018.03.11. the licensee is Bitcoinist LTD." |
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Paul Revere
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The Scamcoats are coming!
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May 13, 2015, 05:03:38 PM |
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So, BTC.com is a news portal? Seriously? And Garza think there is one journalist left in the cryptocurrency space who will touch his shit with a 10 foot pole?
i asked about it on twitter and was told "the domain was acquired from GAWMiners in a private, long term lease agreement until 2018.03.11. the licensee is Bitcoinist LTD." So, this "journalistic" group from Hungary has the money to do this? Ya, right. Just another one of the "independent projects" Josh totally does not have a controlling interest in. Bitcoinist will likely be the next failed venture thrown on the heap with all of the rest of Homero's failures. If pressed about the geographic location of Bitcoinist, I bet Homero's answer would be a lot like this. |
All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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