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

[Snipe85]

Could also be Daffy that guy is equally arrogant.

Whoever he is the guy clearly can't carry an adult conversation, shoot left, shoot right, shoot myself in the foot, screem FUD... bottom line is that he has two rants on bitcointalk on record and he's ranting about the exact opposite thing.  Some people are just looking for fights.. lol

He's doing something similar to some people in this thread, but since they are screaming scam left and right all seems to be fine, right?

[siampumpkin]

What a surprise! Payments are wrong again and for their precious Hashpoints no less!  

[I_IZ_CEO]

Paycoins (with an "S") wallet download:
(symbol is also XPY )

https://mega.co.nz/#!4l8TnaAZ!hVtblTefP9xDjOdGrPxGIXtUpXS2DnQhO62b4-XSPfg

feel free to make blocks,blockchain,apps...it's all free.... no cashtaker required!!!

What do we need to do to get this on Cryptsy?

http://blog.cryptsy.com/post/80290983629/how-we-pick-coins-to-add-from-the-vote-list

I think between all the social media sites and the crypto forums, he can get a lot of followers + Cryptsy votes.

[puwaha]

Once the coin is released and thousands upon thousands paycoins are dumped and the wall becomes thinner and thinner and people mine the hell out of the coin just to dump it, where it the wall then?
No one will want to buy paycoins in the future, it offers nothing innovative and its completely useless.

The POW stage will be pretty short.  The difficulty will rise really fast at launch because GAW will point their 5PH at it at a minimum.  So home miners won't get much of anything.  Data Centers pointed to it will only exacerbate the POW problem for home miners.

GAW HAS BENT OVER BACKWARDS TO TRY AND SATISFY THEIR CRITICS?
They have done nothing at all to satisfy us, and he keeps on mentioning that everything is hidden for 'competitive' reason...
It has to be hidden because he doesn't want to go to jail for lying/scamming individuals.
You don't need to hide the amount of miners you have or mining addresses, what are competitors going to do with that.

So they aren't as transparent as *you* require them to be?

[suchmoon]

So in your opinion GAW's business model involves renting out "hashing power" at below market value so that others could make money off it? How does that make sense?

Because they make up the difference in maintenance fees from the hashlet owners.

And why the CEO would be saying he'll sell those miners, are you suggesting he's lying? 

https://hashtalk.org/topic/22436/so-how-many-hashstakers-are-left-after-this/54

We also have way more hashing power then we need now. Stay tuned to one miner

(that's oneminer.com where they sell hardware)

Yes, this is related to the Zenpool "negotiations", and moving the customers over to stakers.  They don't need as much hardware.  Mining POW just isn't that profitable right now.

I'm confused now. So which is it, do they rent out the excess hash power or do they sell it off? And what does it have to do with maintenance fees, we are talking about hashpower that doesn't have "hashlet owners" anymore, i.e. remaining after staker conversion.

Why do I have the feeling you're making this all up? I provide links with what I post, at the very least you should do the same if you continue to insist on your unproven (in my opinion and based on sources I find) statements.

[suchmoon]

Anyway thanks for dropping in pd62512005 (or is it redacted - certainly the same arrogant style)
Next time you come, I hope you have something to contribute.

Could also be Daffy that guy is equally arrogant.

Absolutely not, both those guys are far more literate and knowledgeable than this muppet. Just put him/her into the bitgeek category and move on. Nothing to be gained here.

[puwaha]

Where does all the cash come from?  It came from the customers themselves!  People buying hashlets directly, their 10% cut of market sales, hashstaker sales, etc.

No, that would be a Ponzi scheme, almost by definition.

No... that's called business.  All business tries to keep their existing customers to keep a steady stream of money coming in.  Getting new customers is harder.  Ponzis do it by making outrageous claims (yes, I already know what you are going to reply here.)

GAW has setup a business where they get people to continuously re-invest... that's business school 101.

The initial cash comes from the fund. Since about half of Paycoins will be immediately staked, GAW is betting that they have enough support in that fund to withstand the initial massive dump.

Correct.  only about 5-ish million of the initial 12-ish million will be to ZenCloud miners.  The vast majority of coins will be staked in the primes from their "market maker" investors.

After that, the value added is the ability for cryptocurrency to do what Apple Pay and Paypal do, only much more cheaply. The transaction costs are so much lower with crypto that there will be incentive to use the system, and companies/people will buy coins, thus providing the cash. Paycoin will be chosen over other crypto because its tiered system allows for instant transactions with low overhead and because the price support will add stability to the coin's value relative to other currencies.

At least, that's the theory. As should be obvious, there are a lot of ways this could go sour.

Agreed.  The ICO is just a small part of the whole paycoin economy.  The hard work is going to be over the next 6 months to get traction for the coin.  GAW has their work cut out for them, but if the launch is successful and you have interesting concepts in Paybase, where people can pay bills, use their Visa gift card, convert funds easily... they will start out way ahead of other coin launches.

[WaffleMaster]

Boy the shill accounts are really coming out full force now that everything is coming to light with GAW

[TheIZS]

If you got nothing to do at work, might as well surf the forums.

[Honeycutt22]

Boy the shill accounts are really coming out full force now that everything is coming to light with GAW

Yea it's interesting they show up around the same time.. Especially since people on HT have been getting "aware" of their current situation recently.

[puwaha]

Thanks for contributing to the conversation without actually looking at the situation.  Maybe you should go look at my account over there and what I actually posted.  Your response displays a lack of knowledge of the context.

Link please?

[mpmcsweeney]

Where does all the cash come from?  It came from the customers themselves!  People buying hashlets directly, their 10% cut of market sales, hashstaker sales, etc.

No, that would be a Ponzi scheme, almost by definition.

No... that's called business.  All business tries to keep their existing customers to keep a steady stream of money coming in.  Getting new customers is harder.  Ponzis do it by making outrageous claims (yes, I already know what you are going to reply here.)

GAW has setup a business where they get people to continuously re-invest... that's business school 101.

The initial cash comes from the fund. Since about half of Paycoins will be immediately staked, GAW is betting that they have enough support in that fund to withstand the initial massive dump.

Correct.  only about 5-ish million of the initial 12-ish million will be to ZenCloud miners.  The vast majority of coins will be staked in the primes from their "market maker" investors.

After that, the value added is the ability for cryptocurrency to do what Apple Pay and Paypal do, only much more cheaply. The transaction costs are so much lower with crypto that there will be incentive to use the system, and companies/people will buy coins, thus providing the cash. Paycoin will be chosen over other crypto because its tiered system allows for instant transactions with low overhead and because the price support will add stability to the coin's value relative to other currencies.

At least, that's the theory. As should be obvious, there are a lot of ways this could go sour.

Agreed.  The ICO is just a small part of the whole paycoin economy.  The hard work is going to be over the next 6 months to get traction for the coin.  GAW has their work cut out for them, but if the launch is successful and you have interesting concepts in Paybase, where people can pay bills, use their Visa gift card, convert funds easily... they will start out way ahead of other coin launches.

Your "business school 101" is really a high school class on keeping suckers happy. A good scam artist (let's leave the P word aside to avoid dumb word games) keeps the early adopters happy so the purse is nice and fat to handle the ups and downs of running a business that is legitimate on paper but exploitative and small-minded in practice.

[puwaha]

Wouldn't charging for a staking wallet essentially make Gawminers a pyramid scheme, especially since they always claim they don't have many but they have unlimited amounts.
It would take 2 minutes to change the source code so that you have more staking wallets, why does he always have to lie to people?

A hashstaker is not a normal wallet that you can download.  What you are getting is a share of one of GAW's prime controllers.

You will be able to get a normal ordinary wallet at the public launch.  It doesn't have the same abilities or profit potential of a prime controller share.  You'd still get 5% APY once the coins you stake age 30 days.

[TheIZS]

Josh Just Tweeted: "I have issued the order: release the kraken"

So sometime between next week and next month or maybe never, we will all look like fools?
Or the alternative, that whole Brazil thing turns out to be true.

[WaffleMaster]

Boy the shill accounts are really coming out full force now that everything is coming to light with GAW

Yea it's interesting they show up around the same time.. Especially since people on HT have been getting "aware" of their current situation recently.

Yeah..Weird they do come at the same exact time. Not suspicious at all because I'm a GAW "investor" and love that people are sticking up for this well respected company

[suchmoon]

Boy the shill accounts are really coming out full force now that everything is coming to light with GAW

Shills or not, the worst part is the recent factual diarrhea, like the ICO ending "on Friday". They haven't even started Zen conversion, how can it be Friday. It looks like the "haters" are starting to have a better signal to noise ratio, probably a consequence of HT cleansing. Army of zombies.

[bumpershot]

Boy the shill accounts are really coming out full force now that everything is coming to light with GAW

Yea it's interesting they show up around the same time.. Especially since people on HT have been getting "aware" of their current situation recently.

Or they're here because hashtalk has been inaccessible for long periods of time, and they feel the need to post somewhere about the object of their affections.

[T0urist]

Paycoins (with an "S") wallet download:
(symbol is also XPY )

https://mega.co.nz/#!4l8TnaAZ!hVtblTefP9xDjOdGrPxGIXtUpXS2DnQhO62b4-XSPfg

feel free to make blocks,blockchain,apps...it's all free.... no cashtaker required!!!

What do we need to do to get this on Cryptsy?

pay 2 bitcoin in reg fees i believe. lets take this to the moon!!!

<<downvote>>

opps downvoted myself. wonder if paycoins will get a c&d.

[suchmoon]

Thanks for contributing to the conversation without actually looking at the situation.  Maybe you should go look at my account over there and what I actually posted.  Your response displays a lack of knowledge of the context.

Link please?

https://hashtalk.org/user/blazecoin

[TheIZS]

Oh fuck off, r00tdude, Its a joke to demonstrate the total incompetence of the GAW circus and the Clown king.
If you can't laugh at yourself I'll sure as hell laugh at you.