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

[crushed]

This post was made 18 minutes ago he states the price is 6.50 So its still gravy in his book.  Better make your moves or that gravy is going to turn to piss currently 0.0188...

I still don't understand where this whole "mining the HashPoint Pool gave you XPY at $4/coin" logic has come from. I hear it all the time. Can someone explain it to me? If mining the HP pool was free, the cost of the coin should only be the opportunity cost of not mining whatever the most profitable scrypt pool on ZenCloud was for that duration. Even with conservative assumptions, I would think that opportunity cost should be way less than $4/coin.

Because when they were mining Bitcoin they were given a satoshi but it was supposedly supposed to be $4 worth that the got in hashpoints

Well, the opportunity cost to mine the HP Pool was zero so the cost of the coin was free if you were mining HP and had that converted to XPY. Still don't understand how the $4/coin reference got started.

Where do you get free from - Zen hashlets cost money - 4$ comes from when you were mining 10 hp per KHS they were worth 1C a piece 400 to equal a XPY coin so 4$ the basement essentially. 

The cost of the haslet is irrelevant for anything other than calculating your total ROI. Your opportunity cost is the difference between what you gave up and what you gained. What you gave up was mining for 0 BTC. What you gained was something worth 0 BTC. Therefore, your cost for the coin was zero. It cost you exactly nothing to mine it. You didn't even have to give up BTC revenue to mine it. That $0.01 value for a HP was something arbitrary that GAW assigned. It had no real value. That's like saying XPY is worth $20 because I say so.

Remember, the basement/floor is really https://www.youtube.com/watch?v=2V3CfD8TPac

No it cost me the price of the hashlets that never expire - Remember that - sure I can find a few screen caps around here. Oh im sorry always profitable.three letters N.O.T  ROI is irrelevant - Do tell where do you get your business ideas from. You wont be in business long if ROI is irrelevant.

I was curious about this whole $4/XPY value people keep throwing around. You actually answered that, so for that, thank you. I had forgotten it was another GAW dictated value of $0.01 per hash point.

Please read my post again. I never said that ROI was irrelevant. I said that the cost of the hashlet is irrelevant when calculating the cost of the XPY to GAW customers that mined HP. You had a choice to mine a scrypt pool at 0 BTC per day or mine the HP pool at 0 BTC per day. It cost you nothing to mine those HP. Coincidentally, those were worth nothing too. However, they turned into something of value, even if only briefly.

I'm glad that you can speak dismissively about my "business ideas" and competence when you are the one that apparently let greed get the better of you by purchasing hashlets based on unrealistic and empty promises.

[AnimoEsto]

Anyone got the link for archiving pages please?

[bumpershot]

I haven't been able to sink any time into paycoin and gaw like I'd like to.  However, a few weeks back I did find some curious information that might be good to checkout.  

http://www.legacy.com/obituaries/hattiesburgamerican/obituary.aspx?pid=160222996

Same name, same town, same college, same age range (based on looks).  Lots of coincidences for nowhere Mississippi.

Yeah, that's pretty damning. So who was the CTO to this guy? A roommate? A friend? A stranger?

Next task for this thread: What's the CTO's real name?

[tf315]

Wish there was a feed of security cams at GAW headquarters right now lol

Must be a madhouse today

[I_IZ_CEO]

Anyone got the link for archiving pages please?

https://archive.org/web/    <<< this one is better

https://archive.today     <<<ikeboy fucked this one up, save links if you are going to use

[bumpershot]

Wish there was a feed of security cams at GAW headquarters right now lol

Must be a madhouse today

Or completely empty.

They've gotten away with it. No need to panic. Just take down the videos that show their real faces. Who knows who these people really are?

[WaffleMaster]

Anyone got the link for archiving pages please?

I and a lot of other people would appreciate any help with this AnimoEsto.

[elkrisi]

[Phildo]

This post was made 18 minutes ago he states the price is 6.50 So its still gravy in his book.  Better make your moves or that gravy is going to turn to piss currently 0.0188...

I still don't understand where this whole "mining the HashPoint Pool gave you XPY at $4/coin" logic has come from. I hear it all the time. Can someone explain it to me? If mining the HP pool was free, the cost of the coin should only be the opportunity cost of not mining whatever the most profitable scrypt pool on ZenCloud was for that duration. Even with conservative assumptions, I would think that opportunity cost should be way less than $4/coin.

Because when they were mining Bitcoin they were given a satoshi but it was supposedly supposed to be $4 worth that the got in hashpoints

Well, the opportunity cost to mine the HP Pool was zero so the cost of the coin was free if you were mining HP and had that converted to XPY. Still don't understand how the $4/coin reference got started.

EDIT: Unless the $4/coin reference is what he sold coins to large investors for. I seem to recall reading something about that. Either way, it makes no sense.

Yes, 4 dollars is what the imaginary investors paid for coins when they gave Josh 100 million dollars. It never made sense that this 100 million would somehow give them enough cash to pay 20 per coin. Also, the fact that 100million/4 is more than double the amount of coins that exist is also pretty weird.

I think you can come up with some weird math about hashpoints and what you could have gotten for your hashlets and/or paid for your hashlets to figure out how much the people who "mined" hashpoints paid for their coins, but I'm not sure what the point in is doing the math. If you can't tell this thing is horseshit without a calculator you're going to lose your money to someone eventually, might as well be Josh.

[Paul Revere]

Wish there was a feed of security cams at GAW headquarters right now lol

Must be a madhouse today

I managed to get in a while ago and grabbed a still:

[Some1else0]

This post was made 18 minutes ago he states the price is 6.50 So its still gravy in his book.  Better make your moves or that gravy is going to turn to piss currently 0.0188...

I still don't understand where this whole "mining the HashPoint Pool gave you XPY at $4/coin" logic has come from. I hear it all the time. Can someone explain it to me? If mining the HP pool was free, the cost of the coin should only be the opportunity cost of not mining whatever the most profitable scrypt pool on ZenCloud was for that duration. Even with conservative assumptions, I would think that opportunity cost should be way less than $4/coin.

Because when they were mining Bitcoin they were given a satoshi but it was supposedly supposed to be $4 worth that the got in hashpoints

Well, the opportunity cost to mine the HP Pool was zero so the cost of the coin was free if you were mining HP and had that converted to XPY. Still don't understand how the $4/coin reference got started.

EDIT: Unless the $4/coin reference is what he sold coins to large investors for. I seem to recall reading something about that. Either way, it makes no sense.

Yes, 4 dollars is what the imaginary investors paid for coins when they gave Josh 100 million dollars. It never made sense that this 100 million would somehow give them enough cash to pay 20 per coin. Also, the fact that 100million/4 is more than double the amount of coins that exist is also pretty weird.

I think you can come up with some weird math about hashpoints and what you could have gotten for your hashlets and/or paid for your hashlets to figure out how much the people who "mined" hashpoints paid for their coins, but I'm not sure what the point in is doing the math. If you can't tell this thing is horseshit without a calculator you're going to lose your money to someone eventually, might as well be Josh.

The money people put into Hashstakers is probably losing them money with the current price.

[Phildo]

This post was made 18 minutes ago he states the price is 6.50 So its still gravy in his book.  Better make your moves or that gravy is going to turn to piss currently 0.0188...

I still don't understand where this whole "mining the HashPoint Pool gave you XPY at $4/coin" logic has come from. I hear it all the time. Can someone explain it to me? If mining the HP pool was free, the cost of the coin should only be the opportunity cost of not mining whatever the most profitable scrypt pool on ZenCloud was for that duration. Even with conservative assumptions, I would think that opportunity cost should be way less than $4/coin.

Because when they were mining Bitcoin they were given a satoshi but it was supposedly supposed to be $4 worth that the got in hashpoints

Well, the opportunity cost to mine the HP Pool was zero so the cost of the coin was free if you were mining HP and had that converted to XPY. Still don't understand how the $4/coin reference got started.

EDIT: Unless the $4/coin reference is what he sold coins to large investors for. I seem to recall reading something about that. Either way, it makes no sense.

Yes, 4 dollars is what the imaginary investors paid for coins when they gave Josh 100 million dollars. It never made sense that this 100 million would somehow give them enough cash to pay 20 per coin. Also, the fact that 100million/4 is more than double the amount of coins that exist is also pretty weird.

I think you can come up with some weird math about hashpoints and what you could have gotten for your hashlets and/or paid for your hashlets to figure out how much the people who "mined" hashpoints paid for their coins, but I'm not sure what the point in is doing the math. If you can't tell this thing is horseshit without a calculator you're going to lose your money to someone eventually, might as well be Josh.

The money people put into Hashstakers is probably losing them money with the current price.

Any cent anyone gave to GAW is losing them money because the only way to get money out of GAW is to find someone besides GAW that wants to jump into the mess.

[strangerdanger101]

I wonder how much these guys got paid to write this pile of trash.

http://newsbtc.com/2015/01/01/paycoin-trolled-crypto-extremists-value-drops/

[doogsan]

So where are Favelle and Ikeboy now? It seems they have left the building now that GAW is falling apart.

[bumpershot]

The death notice is for real. There's lots of little stuff all around the web like http://www.stthomas-usm.org/deathnotices/october-7-2012/ . He was a student at USM. The "Joe Mordica" CTO's linkedin is a graduate of USM.

I don't think this is getting quite enough attention. The real Joe Mordica is dead, y'all.

[WaffleMaster]

So where are Favelle and Ikeboy now? It seems they have left the building now that GAW is falling apart.

GAW probably bought those accounts, you realize that right? They can't just whip up an account with 300 posts and 300 activity on here like they can on HashTalk. Centralization is so great, isn't it?

[Paul Revere]

I wonder how much these guys got paid to write this pile of trash.

http://newsbtc.com/2015/01/01/paycoin-trolled-crypto-extremists-value-drops/

I would say they can cancel this ad for "talented writers". Gauging by that ridiculous Paycoin shill piece they have some extremely talented fiction writers on staff.

[CHAOSiTEC]

The death notice is for real. There's lots of little stuff all around the web like http://www.stthomas-usm.org/deathnotices/october-7-2012/ . He was a student at USM. The "Joe Mordica" CTO's linkedin is a graduate of USM.

I don't think this is getting quite enough attention. The real Joe Mordica is dead, y'all.

heh try posting that on hashtalk :-p

[crushed]

This post was made 18 minutes ago he states the price is 6.50 So its still gravy in his book.  Better make your moves or that gravy is going to turn to piss currently 0.0188...

I still don't understand where this whole "mining the HashPoint Pool gave you XPY at $4/coin" logic has come from. I hear it all the time. Can someone explain it to me? If mining the HP pool was free, the cost of the coin should only be the opportunity cost of not mining whatever the most profitable scrypt pool on ZenCloud was for that duration. Even with conservative assumptions, I would think that opportunity cost should be way less than $4/coin.

Because when they were mining Bitcoin they were given a satoshi but it was supposedly supposed to be $4 worth that the got in hashpoints

Well, the opportunity cost to mine the HP Pool was zero so the cost of the coin was free if you were mining HP and had that converted to XPY. Still don't understand how the $4/coin reference got started.

EDIT: Unless the $4/coin reference is what he sold coins to large investors for. I seem to recall reading something about that. Either way, it makes no sense.

Yes, 4 dollars is what the imaginary investors paid for coins when they gave Josh 100 million dollars. It never made sense that this 100 million would somehow give them enough cash to pay 20 per coin. Also, the fact that 100million/4 is more than double the amount of coins that exist is also pretty weird.

I think you can come up with some weird math about hashpoints and what you could have gotten for your hashlets and/or paid for your hashlets to figure out how much the people who "mined" hashpoints paid for their coins, but I'm not sure what the point in is doing the math. If you can't tell this thing is horseshit without a calculator you're going to lose your money to someone eventually, might as well be Josh.

Slow day at work. Needed some math to keep things lively. Yes, no calculator needed to detect BS on this one. It stunk even before hashlets were invented.

[bumpershot]

As far as I can tell, the current "Joe Mordica" was created in early Dec 2012, a little under two months after real Joe Mordica passed. He lists his start date at GAW as Aug 2013, though, so fake Joe Mordica was around for a while before he joined the GAW family.