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Author Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)  (Read 3376847 times)
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September 26, 2016, 01:55:21 PM
 #46341

H8ERS, the lot of you!!!1!1!1!elebenty!!!!!!

Ew distroid the coining that wood save the werld! I no this to bee troo beecoz Badbitcoin tells me still to this day!

http://www.badbitcoin.org/gaw.htm
Quote

Our position regarding GAW and Paycoin. These unsupported "indisputable facts" versus the reality.

There has been a very vocal campaign against the previously highly regarded supplier, GAW Miners, and going even further targeting their CEO Josh Garza, and has also questioned our position on these matters. In response to this, I am issuing the following unambiguous statement.

We do not share the opinion that this operation,or Mr Garza are intending to defraud, or have defrauded any investor in Hashlets, Hashstakers, Paycoin XPY, or any other product or service supplied by GAW or it's companies. We are not associated with these companies beyond personal & private holdings of Hashstakers, Zen Hashlets and XPY Paycoin, and are not paid by these companies.
They are accused of reneging on contracts, there is no evidence of this. Reneging on promises. There were never price promises, beyond individual expectation of market value, and the anticipated $20 floor, a concept since reformed into the honours program, which whilst indefinitely delayed, pending the resolving of legal issues, is still very much active. Some proposed features have been shelved, delayed, or abandoned due to direct effects of the current hate campaign, and other features have since been proposed, some are better.
Leaked emails, widely circulated, have been obtained illegally and are legally confidential. They must be disregarded due to their origin being from a hacked external, and uncredited anonymous source. The hacking of privileged company resources also indicates that the hacker may easily have fabricated these emails using hijacked services, or had physical access to those resources.

Neither GAW, Zencloud or any other GAW operation, has at this time, directly or indirectly defrauded anybody regarding the conversion to hashstakers and XPY. This was always a choice, freely chosen by the individual.
The campaign against GAW is a phenomenon that is unprecedented, and has become almost a cult. The vehemence of these detractors - the majority of whom are non investors - has had a visible effect on trust and wider adoption of this XPY. This campaign was fuelled by a core few individuals, would be members of a kind of informal 'old guard' of Crypto. It is an indefensible action.
We cannot accept any of these third party, sometimes absurd allegations as hard evidence, neither can anybody else who does not have unrestricted access to confidential original company accounts, minutes of meetings and internal and external correspondence. Therefore, were we to conclude that there was a scam going on, it would be pure conjecture, and that is morally and professionally irresponsible, and would leave us fairly justly liable, to prosecution for libellous actions. The majority of the supposed evidence so far,  has no covenance and in some cases is even unknown of by the correspondents. Being unverifiable non original data, it is simply not worthy of consideration for any practical purpose.
GAW are also a registered company, with a strong track record. We have no desire to participate in any clearly orchestrated campaign against a hard working company.

Where we list other registered companies, it is always after confirming beyond doubt, that the company is using faked covenance, or is non-existent. We aren't here to investigate legal entities, already subject to outside audit.

I will finish by saying that personally, I am pretty adept at spotting a fraud. I do not believe that any deliberate attempt is being made to defraud anybody by Josh Garza. I do believe that the real damage being done to investors is due to this core group of 'haters' who resent this innovation and this rightly perceived threat to their own interests, and as such are prepared to originate and fuel this disinformation, not excluding illegally obtaining discreditable and confidential correspondence.

This is not intended as investment advice.

 

 

Ultimately, there will be a definitive outcome to this ongoing debacle. We'd like to come out of it with our integrity intact as well.

ViK. Editor & Project Lead. March 24th 2015

Update 30/05/2015 There is still no sign of any criminal charges appearing against this Company or CEO, and until any Judicial Rulings confirm or deny our stance on this, then it remains unchanged. There have been further revelations relating to certain ex-employees, and major thefts, misappropriation and hacks that have taken place by 3rd party contractors and others. None of this alters our opinion that there has been no fraud, intended or otherwise by GAW or Mr Garza, and that indeed much of the accusation levelled at these parties is misdirected. This story is far from over, and Paycoin still has the support of it's users - the Paycoin Community. The damage done to these mainly small investors by this ongoing hate campaign is truly shameful. The coin is unneccessarily tainted by these scurrilous accusations. Our hope remains that Paycoin can still go on to gain the true status it deserves as viable and useable digital currency for the people.

File under: Shouldn't you have deleted this page by now, ViK?


WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk'
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September 26, 2016, 02:20:29 PM
 #46342

Oh wow, that's fantastic. I was pretty sure they had removed that page long ago, thanks for the lolz! Cheesy

.
I  C  Λ  R  U  S
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[/ce
suchmoon (OP)
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September 26, 2016, 02:55:27 PM
 #46343

Oh wow, that's fantastic. I was pretty sure they had removed that page long ago, thanks for the lolz! Cheesy

Two years later it still puzzles me how some people could NOT see Garza for the mumbling schmuck that he is, especially considering his narcissistic proclivity for showing off. Just watching one of his cringeworthy "hangouts" should have been enough.

Greed makes people blind I guess.
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September 26, 2016, 09:47:20 PM
Last edit: September 26, 2016, 10:00:08 PM by maildir
 #46344

I have to say this is impressive. Rock Star status!

https://books.google.com/books?id=cVLUdo4JQv4C&pg=PT180&dq=Homero+Joshua+Garza&hl=en&sa=X&redir_esc=y#v=onepage&q=Homero%20Joshua%20Garza&f=false


https://www.amazon.com/Money-Laundering-Forfeiture-Recovery-Compliance-ebook/dp/B00AMHJ8PO/ref=asap_bc?ie=UTF8

Money Laundering, Asset Forfeiture and Recovery and Compliance - A Global Guide  Kindle Edition  
by William H. Byrnes   (Author),    Robert J. Munro   (Author)


Kindle, July 27, 2016  $1,168.00 Shocked

He can use a copy in the big house as a pillow and to show his nice new friends just how much of a big deal he really is.  Cheesy

"...there are even books written about me and Elon you know..."



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September 27, 2016, 01:07:50 AM
 #46345

Just came across this again. Seriously some poor sap reads this and wouldn't think twice about it being a scam:

http://blogs.wsj.com/moneybeat/2014/11/25/bitbeat-gaw-miners-to-launch-bitcoin-challenger-paycoin/

lol at the rest of that bullshit "core technology underlying Paycoin" core technology  Roll Eyes 180,000 sq.ft 15MW warehouse let me spray paint some bullshit right here  Roll Eyes


Quote
Crossing Our Desk:

Josh Garza, who has built what may be the world’s fastest growing bitcoin mining operation, is setting his sights on something even bigger: “the cryptocurrency of the future.”

That’s the claim made in a press statement Monday to mark the launch of the ICO (initial coin offering) of Paycoin, a digital currency that Mr. Garza’s GAW Miners company says will address “all the inherent shortcomings that have prevented bitcoin from achieving mainstream adoption.”

The core technology underlying Paycoin, which was previously codenamed “Hashcoin,” is modeled on bitcoin and its public ledger, known as the blockchain. However, Paycoin’s blockchain is independent of bitcoin’s and,  unlike the better known digital currency, will involve an additional layer of “mining” computers beyond the base level of miners employed to routinely confirm the validity of transactions and to maintain the ledger. Those higher-level “controller” miners will perform the special task of compressing data to make Paycoin transactions more streamlined. The controllers will periodically bid for the right to perform this task, for which they will be rewarded in paycoins. In theory, their contributions to computing efficiency should allow Paycoin transactions to be confirmed and settled much faster than the 10-minute minimum that applies to bitcoin.

When the coin opens to the public on Jan. 2 with what Mr. Garza says will be an anticipated market capitalization of $250 million, the company will partly back that with a store of fiat currency worth around $100 million. While those funds won’t function as a 100% reserve, they will combine with added features within the Paycoin protocol, including a supply schedule that fluctuates depending on the level of miner demand, to reduce exchange-rate volatility and thus seek to resolve one of bitcoin’s biggest barriers to mass adoption.

In a move that could assuage cryptocurrency enthusiasts that might accuse it of “centralization,” the company itself won’t sell “pre-mined” Paycoins for its own account but will from the outset join other miners in bidding for “controller” mining contracts.

Backing Mr. Garza is Stuart Fraser, Vice Chairman and Partner at Wall Street inter-dealer broker Cantor Fitzgerald LP, a long-time backer of Mr. Garza’s projects, including his first big venture, the Great Auk Wireless company, which sold broadband services to remote New England villagers.

Whether Mr. Garza can replicate his past success in this project remains to be seen. But Paycoin is poised to benefit from having one of the biggest mining operations behind it. It will also tap a passionate community of GAW clients, many of whom have purchased early rights to mine Paycoin and who debate and discuss the launch on a very active online forum run by the company.

According to Mr. Garza, his Bloomfield, Conn.-based company’s cloud mining operation is run out of a 180,000-foot Mississippi warehouse with 15MW electricity capacity. From there, it sells small “hashlet” cloud mining contracts to customers. The hashlets are differentiated and structured in such a way that clients can trade them on an exchange, where the price fluctuates depending the market’s view of  mining-profitability variables such as the bitcoin exchange rate, electricity prices and the rate at which competition for bitcoins is increasing within the network.

The service, which offered guarantees to overcome some of the customer relations problems of the delay- and lawsuit-prone bitcoin mining industry, now accounts for a whopping 50% of all new mining capacity coming online, he said.  After starting operations in the summer, GAW is on track to finish the year with $120 million in sales, he said.
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September 27, 2016, 01:52:31 AM
 #46346

H8ERS, the lot of you!!!1!1!1!elebenty!!!!!!

Ew distroid the coining that wood save the werld! I no this to bee troo beecoz Badbitcoin tells me still to this day!

http://www.badbitcoin.org/gaw.htm
Quote

Our position regarding GAW and Paycoin. These unsupported "indisputable facts" versus the reality.

There has been a very vocal campaign against the previously highly regarded supplier, GAW Miners, and going even further targeting their CEO Josh Garza, and has also questioned our position on these matters. In response to this, I am issuing the following unambiguous statement.

We do not share the opinion that this operation,or Mr Garza are intending to defraud, or have defrauded any investor in Hashlets, Hashstakers, Paycoin XPY, or any other product or service supplied by GAW or it's companies. We are not associated with these companies beyond personal & private holdings of Hashstakers, Zen Hashlets and XPY Paycoin, and are not paid by these companies.
They are accused of reneging on contracts, there is no evidence of this. Reneging on promises. There were never price promises, beyond individual expectation of market value, and the anticipated $20 floor, a concept since reformed into the honours program, which whilst indefinitely delayed, pending the resolving of legal issues, is still very much active. Some proposed features have been shelved, delayed, or abandoned due to direct effects of the current hate campaign, and other features have since been proposed, some are better.
Leaked emails, widely circulated, have been obtained illegally and are legally confidential. They must be disregarded due to their origin being from a hacked external, and uncredited anonymous source. The hacking of privileged company resources also indicates that the hacker may easily have fabricated these emails using hijacked services, or had physical access to those resources.

Neither GAW, Zencloud or any other GAW operation, has at this time, directly or indirectly defrauded anybody regarding the conversion to hashstakers and XPY. This was always a choice, freely chosen by the individual.
The campaign against GAW is a phenomenon that is unprecedented, and has become almost a cult. The vehemence of these detractors - the majority of whom are non investors - has had a visible effect on trust and wider adoption of this XPY. This campaign was fuelled by a core few individuals, would be members of a kind of informal 'old guard' of Crypto. It is an indefensible action.
We cannot accept any of these third party, sometimes absurd allegations as hard evidence, neither can anybody else who does not have unrestricted access to confidential original company accounts, minutes of meetings and internal and external correspondence. Therefore, were we to conclude that there was a scam going on, it would be pure conjecture, and that is morally and professionally irresponsible, and would leave us fairly justly liable, to prosecution for libellous actions. The majority of the supposed evidence so far,  has no covenance and in some cases is even unknown of by the correspondents. Being unverifiable non original data, it is simply not worthy of consideration for any practical purpose.
GAW are also a registered company, with a strong track record. We have no desire to participate in any clearly orchestrated campaign against a hard working company.

Where we list other registered companies, it is always after confirming beyond doubt, that the company is using faked covenance, or is non-existent. We aren't here to investigate legal entities, already subject to outside audit.

I will finish by saying that personally, I am pretty adept at spotting a fraud. I do not believe that any deliberate attempt is being made to defraud anybody by Josh Garza. I do believe that the real damage being done to investors is due to this core group of 'haters' who resent this innovation and this rightly perceived threat to their own interests, and as such are prepared to originate and fuel this disinformation, not excluding illegally obtaining discreditable and confidential correspondence.

This is not intended as investment advice.

 

 

Ultimately, there will be a definitive outcome to this ongoing debacle. We'd like to come out of it with our integrity intact as well.

ViK. Editor & Project Lead. March 24th 2015

Update 30/05/2015 There is still no sign of any criminal charges appearing against this Company or CEO, and until any Judicial Rulings confirm or deny our stance on this, then it remains unchanged. There have been further revelations relating to certain ex-employees, and major thefts, misappropriation and hacks that have taken place by 3rd party contractors and others. None of this alters our opinion that there has been no fraud, intended or otherwise by GAW or Mr Garza, and that indeed much of the accusation levelled at these parties is misdirected. This story is far from over, and Paycoin still has the support of it's users - the Paycoin Community. The damage done to these mainly small investors by this ongoing hate campaign is truly shameful. The coin is unneccessarily tainted by these scurrilous accusations. Our hope remains that Paycoin can still go on to gain the true status it deserves as viable and useable digital currency for the people.

File under: Shouldn't you have deleted this page by now, ViK?



Hmm that needs archiving if its not already.  Any project getting the BadBitClown tick of approval should get a copy of that to show just how much that tick is worth
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September 27, 2016, 02:12:02 AM
 #46347

Hmm that needs archiving if its not already.  Any project getting the BadBitClown tick of approval should get a copy of that to show just how much that tick is worth

https://archive.is/http://www.badbitcoin.org/gaw.htm

Badbitcoin also was fond of such respectable businesses as scrypt.cc and LTCGear.
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September 27, 2016, 03:16:19 AM
 #46348

Hmm that needs archiving if its not already.  Any project getting the BadBitClown tick of approval should get a copy of that to show just how much that tick is worth

https://archive.is/http://www.badbitcoin.org/gaw.htm

Badbitcoin also was fond of such respectable businesses as scrypt.cc and LTCGear.

Are they just stupid or were they being paid to be scummy?
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September 27, 2016, 03:36:10 AM
 #46349

Hmm that needs archiving if its not already.  Any project getting the BadBitClown tick of approval should get a copy of that to show just how much that tick is worth

https://archive.is/http://www.badbitcoin.org/gaw.htm

Badbitcoin also was fond of such respectable businesses as scrypt.cc and LTCGear.

Are they just stupid or were they being paid to be scummy?

"A bit of both."

~Dean Keaton
The Usual Suspects
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September 27, 2016, 04:04:58 AM
 #46350

Hmm that needs archiving if its not already.  Any project getting the BadBitClown tick of approval should get a copy of that to show just how much that tick is worth

https://archive.is/http://www.badbitcoin.org/gaw.htm

Badbitcoin also was fond of such respectable businesses as scrypt.cc and LTCGear.

maybe someone should make a site warning people about sites that warn people about ponzi's

You'd only have to put badbitcoin as the only entry
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September 27, 2016, 04:05:57 AM
Last edit: September 27, 2016, 05:01:45 AM by o0o0
 #46351

Hmm that needs archiving if its not already.  Any project getting the BadBitClown tick of approval should get a copy of that to show just how much that tick is worth

https://archive.is/http://www.badbitcoin.org/gaw.htm

Badbitcoin also was fond of such respectable businesses as scrypt.cc and LTCGear.

Are they just stupid or were they being paid to be scummy?

Remember by his words he can spot a scam a mile off... so therefore i guess he was complicit the entire time knowing it was a scam to self profit? That or gaw was 1.01 miles away?

While we're at it i was thinking guys and gals.... when homero gets out of jail or gets his suspended can't run a business for 10 odd years sentence and fines he'll need a way to support his family or families if that other chick had his kid so i think we should all come together to brainstorm the best jobs for him to help him on the right track.

I'm thinking maybe pizza delivery driver? Elon will give him another tesla so he's covered there. He'll have that free recharge thing so it might be suitable to him? Other thoughts?
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September 27, 2016, 12:39:03 PM
 #46352

Hmm that needs archiving if its not already.  Any project getting the BadBitClown tick of approval should get a copy of that to show just how much that tick is worth

https://archive.is/http://www.badbitcoin.org/gaw.htm

Badbitcoin also was fond of such respectable businesses as scrypt.cc and LTCGear.

Are they just stupid or were they being paid to be scummy?

There were scrypt.cc and GAW ads on the site and ViK had invested in both. Not sure about LTCGear.

https://archive.is/KRqmk#selection-1233.1-1233.82
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September 27, 2016, 02:32:47 PM
 #46353

Hmm that needs archiving if its not already.  Any project getting the BadBitClown tick of approval should get a copy of that to show just how much that tick is worth

https://archive.is/http://www.badbitcoin.org/gaw.htm

Badbitcoin also was fond of such respectable businesses as scrypt.cc and LTCGear.

ah yeah badbitclown... what a funny fellow, too bad he blocked everyone on twitter

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September 28, 2016, 01:09:27 AM
 #46354

well, 2 years later,
watching this now .. I'm just at a loss for words

https://www.youtube.com/watch?v=-rmkSagiwss

remember folks,
the purple shirt and vest is mandatory for the homero halloween costume!  Cheesy

Bitcoin...the future of all monetary transactions...and always will be
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September 28, 2016, 01:30:58 AM
 #46355

well, 2 years later,
watching this now .. I'm just at a loss for words

https://www.youtube.com/watch?v=-rmkSagiwss

remember folks,
the purple shirt and vest is mandatory for the homero halloween costume!  Cheesy

Don't forget to check out some of the related videos youtube is suggesting:

https://www.youtube.com/watch?v=mH6boH3nsXs - prerecorded "Q&A" in January 2015 when the whole thing was collapsing
https://www.youtube.com/watch?v=2ZpZdeJNSV0 - Mordica's spray paint "proof" of mining
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September 28, 2016, 01:32:11 AM
 #46356

First time I ever saw this Snake Oil Sales Pitch.

Pitiful.

WHY is it still up?  Who is "Bit n Mortar?"




Embarrassing!!!!

"Most Powerful....." CryptoLIAR in the World!"
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September 28, 2016, 02:28:27 AM
 #46357

Quote from: o0o0

While we're at it i was thinking guys and gals.... when homero gets out of jail or gets his suspended can't run a business for 10 odd years sentence and fines he'll need a way to support his family or families if that other chick had his kid so i think we should all come together to brainstorm the best jobs for him to help him on the right track.

I just got out of federal prison.  I was hoping i'd get to meet garza there so i could give him a warm welcome.  Sad

Quote
I'm thinking maybe pizza delivery driver? Elon will give him another tesla so he's covered there. He'll have that free recharge thing so it might be suitable to him? Other thoughts?

Come on now.  That's insulting to pizza delivery drivers.  I think he needs to be the jizz mopper on a porn set.






On a side note ... I wonder how many IONs he got for his infinite supply of paycoins.

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September 28, 2016, 03:16:45 AM
 #46358

First time I ever saw this Snake Oil Sales Pitch.

Pitiful.

WHY is it still up?  Who is "Bit n Mortar?"




Embarrassing!!!!

"Most Powerful....." CryptoLIAR in the World!"

Oh noez!  I just noticed the banner says, "...most powerful cryptominer [fake miner] in the the world."   

Such careless. So Garza.
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September 28, 2016, 04:08:38 AM
 #46359

Quote from: o0o0

While we're at it i was thinking guys and gals.... when homero gets out of jail or gets his suspended can't run a business for 10 odd years sentence and fines he'll need a way to support his family or families if that other chick had his kid so i think we should all come together to brainstorm the best jobs for him to help him on the right track.

I just got out of federal prison.  I was hoping i'd get to meet garza there so i could give him a warm welcome.  Sad

Quote
I'm thinking maybe pizza delivery driver? Elon will give him another tesla so he's covered there. He'll have that free recharge thing so it might be suitable to him? Other thoughts?

Come on now.  That's insulting to pizza delivery drivers.  I think he needs to be the jizz mopper on a porn set.






On a side note ... I wonder how many IONs he got for his infinite supply of paycoins.

I'd guess none... remember he basically admitted he didn't know how to use the wallet etc and had people set up bots for him to auto sell to market etc? Then he cried when the prime controllers were stolen even though he err had the private keys? They guy didn't understand anything.

The the idiot (see what i did there Smiley ) surprised me that he convinced people that far especially mr fraser.
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September 28, 2016, 09:13:26 AM
 #46360

Uncle Stu's big day in court.  Cool

Quote
Tuesday, September 27, 2016

43  misc Affidavit  Tue 5:35 PM 

AFFIDAVIT re 42 Memorandum in Support of Motion, 41 MOTION to Dismiss Signed By Sarah L. Cave filed by Stuart A. Fraser.(Cave, Sarah)

 
  Att: 1   Exhibit A, 
  Att: 2   Exhibit B, 
  Att: 3   Exhibit C, 
  Att: 4   Exhibit D 

42  respm Memorandum in Support of Motion  Tue 5:24 PM 

Memorandum in Support re41 MOTION to Dismiss filed by Stuart A. Fraser. (Cave, Sarah)

 
41 motion Dismiss  Tue 5:22 PM
 
MOTION to Dismiss by Stuart A. Fraser. Responses due by 10/18/2016 (Cave, Sarah) 

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