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

[interstellar]

Ok, since you're so keen on protecting the fraud, when the police come knocking and you refused to contact them with your evidence of this scam because of some "NDA" (Homero, is that you?) you will be arrested for aiding and abetting a scam for your lack of action to contact authorities. If you think the FEDs won't get your IP logs from Bitcointalk, or HashTalk for that matter, then you have no idea who you're messing with. I think Theymos would personally be grateful to hand over such documents.

So you're the FEDs or the Police now? I wasn't aware of that. I'll happily speak open with you... gtfo.

Its you who's making allegations now. You don't know what I know or don't know or what I might or might not have been aware of or what my (full) motives are for having quit. So stop trying to tie a knot without a rope. There is plenty of folks out there who know exactly how I deal with things and who I have spoken to many times in the last months. Not having kept you in the loop isn't particularly a crime.

You Sir might truly believe that "forum moderators" had direct 24/7 contact with GAW and insight or access to company information. You clearly have no clue. Most of us were lucky if we could get a tech question answered in under 24 hours and the majority of our own info came from the forum.

I pretty much said all I had to say on HT in my last few posts. This one in particular which also includes a large portion of this community.

Btw don't expect another follow up. As you can tell from my post count vs account age.. I don't tend to follow up.

I say stick to the facts. The facts are that you willfully assisted in executing massive and provable fraud that is, was, and will continue to do great harm to both the individuals being defrauded and the crypto community as a whole. Many people's lives are being destroyed due to this scam even as we speak, and it is likely that some will even take their own lives over what you were involved in. Your excuse to absolve yourself of any wrongdoing and refusal to assist in exposing this nefarious activity is that you have an NDA that precludes you from doing so.

I for one am calling bullshit and I do not care what fancy excuse you have for engaging in a fraudulent enterprise over an extended period of time and brazenly admitting that you are involved in covering up evidence as if that is OK. It isn't OK. Uhmm Kaaay?

The Fact is, the mods are not provided any extra information than the community already receives. The NDA's that were signed were laughable at best. And nothing we had knowledge of would had benefit us for financial or personal gain.

Facts have been given, but many are returning with slander and frustration.

I did not recommend GAW to anyone, nor did i tell anyone to hold. I provided facts, and always reminded them and anyone that had asked, don't ever invest more than you're willing to lose.

GAW is the one at fault, if any is to be pointed. We were provided a title to keep the peace, Animo has provided the information on Squash/Shadowbans which would have been the last bit of information that any NDA could have covered.

Attacking the former mods is not going to net any more results than what has already been posted on HT, BTCTalk, and any other forum.

Did you guys receive any money or compensation in any form for being an mod or other work you handled there?

[1715033427]

1715033427

[cazalla]

To be fair, he did come here the other day defending his last shitty post - this must be making up for it in his eyes. i even called him out on it.

He only came here to protect Garza because Fargo is paid to publish this shit and CCN is funded via the advertisements that Garza has paid to have there. Without such a source of scam funds, sites like CCN would not be around as they cannot generate a profit in an ethical manner and would close, putting Fargo out of a job.

[ZiG]

Could you elaborate in details from the Paycoin's code, that make you think so...

Thanks,

ZiG

I already did in this thread on one of the more important ones... but I'll summarize it:

1) Orion Controllers require a hard fork to get what they're advertised.  Currently the tx fees are destroyed and they're supposed to go to the Orion Controllers and Prime Nodes as an added "payment" for holding x # of coins.  This isn't too big of a red flag in itself but to spend "months" on a coin release and have "professional" devs build your coin only to have something as trivial as transaction fees being destroyed when they're not supposed to be is, in my opinion, weak.

2) The wallet release was so horrid that there are still constant posts on HashTalk and poor souls entering the realm of IRC looking for help.  Some had such a fucked up wallet that their coins were actually locked up in that piece of shit and they couldn't do anything about it without help.  It was very obvious that there was very little, if any, GAW support for their qt wallet release as well as very little "non-zencloud" expertise among the gawlets themselves.  Thousands of coins were, and possibly still are, at the mercy of good-hearted souls to recover.

3) Prime Nodes... 49 prime nodes that have stake rates of 10% (3 wallets), 20% (2 wallets), 100% (10 wallets), and 350% (35 wallets).  Each of the pub keys in those lists are linked to a priv key (not a paycoin address key btw so this was literally built to be anonymous as to which wallet gets what until the blockchain shows through the transaction) that tells the wallet to say it is a prime node.

One thing is that there are 49 prime nodes but 50 keys.  The extra key could be anything from 10-350% but I'm going to assume that it's a 350% key that's the odd man out.  This means that most likely there is an extra priv key for whoever Josh picks (who do you think Josh will pick to possess that key?) to possess it that stakes higher than the rest of the network suckers.

Just an fyi: The normal staking rate for Paycoin (XPY) is 5%.  This means that there will be extreme and unbalanced hyperinflation affecting this coin shortly after the 35 350% prime nodes start dumping/selling/trading their enormous stakes.

4) Revalation noted that there was additional code that I didn't see.  I have looked at the code and verified that the additional line @ L974 gives additional numbers that just, well, hide in plain sight how the interest is actually calculated each coin day.

Code:

33 / ( 365 * 33 + 8) = 0.00273790757487762382809259105617

Daily Rate * 350 = 0.95826765120716833983240686965901
Daily Rate * 100 = 0.27379075748776238280925910561686
Daily Rate * 20  = 0.05475815149755247656185182112337
Daily Rate * 10  = 0.02737907574877623828092591056169
Daily Rate * 5    = 0.01368953787438811914046295528084

So above you will see the daily stake rates for all "tiers".  If that doesn't show that there will be unequal inflationary pressure on this coin, then nothing will.


So there are 4 specific reasons why I can not approve of, recommend, or support this coin.

In my opinion, it is not a question of if it will fail... it will fail and it's just a question of when.

Thank you, vancefox for your detailed reply and honesty !

It is revealing the "ticking bomb(s)" and "the best developer's team" behind the Paycoin's scenes...

Glad to have you here ...

Cheers,

ZiG

[KC6TTR]

If this Paycoin becomes of some real practical use it should

sell for several dollars I guess and have a substantial market

cap. It remains to be seen.

are you crazy?   real practical use??? I could list a ton of other alt coin clones that can do the same dang thing as peecoin

If they could get the international debit card thing working that could be something. To be fair I don't have any faith in it, but this is one the things where I wouldn't mind eating my words. Expectations are so low now that anything of any substance would do wonders to the exchange rate. Though that still doesn't solve the inflation issue, huge premine, and other problems.

I have been a customer of ANXPro for almost a year and already have a global BTC based debit card that I can spend at Amazon, Target, etc etc. I can even pull cash out at any ATM worldwide. I believe they first released them back in October so it is nothing new and any fees are MUCH less than anything GAW has or will offer. In fact, they have a good holiday promo offering the cost of the card if you load at least 0.9 BTC to it within the first 30 days of the card order.

See here: http://52afe6a974bb2.mailerlite.com/k2t9k8/342044109/n1t9/4687686561

or: https://www.anxbtc.com/

Scott-

[cryptofunk]

Could you elaborate in details from the Paycoin's code, that make you think so...

Thanks,

ZiG

I already did in this thread on one of the more important ones... but I'll summarize it:

1) Orion Controllers require a hard fork to get what they're advertised.  Currently the tx fees are destroyed and they're supposed to go to the Orion Controllers and Prime Nodes as an added "payment" for holding x # of coins.  This isn't too big of a red flag in itself but to spend "months" on a coin release and have "professional" devs build your coin only to have something as trivial as transaction fees being destroyed when they're not supposed to be is, in my opinion, weak.

2) The wallet release was so horrid that there are still constant posts on HashTalk and poor souls entering the realm of IRC looking for help.  Some had such a fucked up wallet that their coins were actually locked up in that piece of shit and they couldn't do anything about it without help.  It was very obvious that there was very little, if any, GAW support for their qt wallet release as well as very little "non-zencloud" expertise among the gawlets themselves.  Thousands of coins were, and possibly still are, at the mercy of good-hearted souls to recover.

3) Prime Nodes... 49 prime nodes that have stake rates of 10% (3 wallets), 20% (2 wallets), 100% (10 wallets), and 350% (35 wallets).  Each of the pub keys in those lists are linked to a priv key (not a paycoin address key btw so this was literally built to be anonymous as to which wallet gets what until the blockchain shows through the transaction) that tells the wallet to say it is a prime node.

One thing is that there are 49 prime nodes but 50 keys.  The extra key could be anything from 10-350% but I'm going to assume that it's a 350% key that's the odd man out.  This means that most likely there is an extra priv key for whoever Josh picks (who do you think Josh will pick to possess that key?) to possess it that stakes higher than the rest of the network suckers.

Just an fyi: The normal staking rate for Paycoin (XPY) is 5%.  This means that there will be extreme and unbalanced hyperinflation affecting this coin shortly after the 35 350% prime nodes start dumping/selling/trading their enormous stakes.

4) Revalation noted that there was additional code that I didn't see.  I have looked at the code and verified that the additional line @ L974 gives additional numbers that just, well, hide in plain sight how the interest is actually calculated each coin day.

Code:

33 / ( 365 * 33 + 8) = 0.00273790757487762382809259105617

Daily Rate * 350 = 0.95826765120716833983240686965901
Daily Rate * 100 = 0.27379075748776238280925910561686
Daily Rate * 20  = 0.05475815149755247656185182112337
Daily Rate * 10  = 0.02737907574877623828092591056169
Daily Rate * 5    = 0.01368953787438811914046295528084

So above you will see the daily stake rates for all "tiers".  If that doesn't show that there will be unequal inflationary pressure on this coin, then nothing will.


So there are 4 specific reasons why I can not approve of, recommend, or support this coin.

In my opinion, it is not a question of if it will fail... it will fail and it's just a question of when.

Interesting read.. so let's just assume that the value of an XPY is $20 today and we are on day 14 (to make it easy), the millions of coins in the 35 prime controllers at 350% have already been multiplied by 14? If so, forget about the screams on HT that dumpers are killing the coin value, the inflation itself is enough to bring a $20 valuation to the ground in a matter of days!

How many coins are in Prime controllers again? I can't remember

[MinermanNC]

Anyone see this yet?

https://www.cryptocoinsnews.com/josh-garza-address-growing-paycoin-paybase-scam-concerns-tnabc-miami/

wow! suchmoon you truly are the man   what a very impressive and articulate detailing of the extensive laundry list of concerns and all that's not right
about JOSH/PAYCOIN/GAW. I just read all you presented to that article.  

Great job! hats off to you  

[maildir]

What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.

[crushed]

Just looked @ HashTalk, apparently my post is no longer there.  Anyone surprised?

Totally surprised. HashTalk has always been an open place for discussion of facts and where alternate opinions are carefully considered.

[interstellar]

Could you elaborate in details from the Paycoin's code, that make you think so...

Thanks,

ZiG

I already did in this thread on one of the more important ones... but I'll summarize it:

1) Orion Controllers require a hard fork to get what they're advertised.  Currently the tx fees are destroyed and they're supposed to go to the Orion Controllers and Prime Nodes as an added "payment" for holding x # of coins.  This isn't too big of a red flag in itself but to spend "months" on a coin release and have "professional" devs build your coin only to have something as trivial as transaction fees being destroyed when they're not supposed to be is, in my opinion, weak.

2) The wallet release was so horrid that there are still constant posts on HashTalk and poor souls entering the realm of IRC looking for help.  Some had such a fucked up wallet that their coins were actually locked up in that piece of shit and they couldn't do anything about it without help.  It was very obvious that there was very little, if any, GAW support for their qt wallet release as well as very little "non-zencloud" expertise among the gawlets themselves.  Thousands of coins were, and possibly still are, at the mercy of good-hearted souls to recover.

3) Prime Nodes... 49 prime nodes that have stake rates of 10% (3 wallets), 20% (2 wallets), 100% (10 wallets), and 350% (35 wallets).  Each of the pub keys in those lists are linked to a priv key (not a paycoin address key btw so this was literally built to be anonymous as to which wallet gets what until the blockchain shows through the transaction) that tells the wallet to say it is a prime node.

One thing is that there are 49 prime nodes but 50 keys.  The extra key could be anything from 10-350% but I'm going to assume that it's a 350% key that's the odd man out.  This means that most likely there is an extra priv key for whoever Josh picks (who do you think Josh will pick to possess that key?) to possess it that stakes higher than the rest of the network suckers.

Just an fyi: The normal staking rate for Paycoin (XPY) is 5%.  This means that there will be extreme and unbalanced hyperinflation affecting this coin shortly after the 35 350% prime nodes start dumping/selling/trading their enormous stakes.

4) Revalation noted that there was additional code that I didn't see.  I have looked at the code and verified that the additional line @ L974 gives additional numbers that just, well, hide in plain sight how the interest is actually calculated each coin day.

Code:

33 / ( 365 * 33 + 8) = 0.00273790757487762382809259105617

Daily Rate * 350 = 0.95826765120716833983240686965901
Daily Rate * 100 = 0.27379075748776238280925910561686
Daily Rate * 20  = 0.05475815149755247656185182112337
Daily Rate * 10  = 0.02737907574877623828092591056169
Daily Rate * 5    = 0.01368953787438811914046295528084

So above you will see the daily stake rates for all "tiers".  If that doesn't show that there will be unequal inflationary pressure on this coin, then nothing will.


So there are 4 specific reasons why I can not approve of, recommend, or support this coin.

In my opinion, it is not a question of if it will fail... it will fail and it's just a question of when.

Interesting read.. so let's just assume that the value of an XPY is $20 today and we are on day 14 (to make it easy), the millions of coins in the 35 prime controllers at 350% have already been multiplied by 14? If so, forget about the screams on HT that dumpers are killing the coin value, the inflation itself is enough to bring a $20 valuation to the ground in a matter of days!

How many coins are in Prime controllers again? I can't remember

We can look at the numbers of current staking and can see there's no where near this many coins being created. I think several people have done the math on this thread alone.

[Zeta0S]

Can you mine Paycoin whitout the stupit hashtaker wallet?

Can i just setup my asic or gpu to mine?

[coinits]

Just looked @ HashTalk, apparently my post is no longer there.  Anyone surprised?

Totally surprised. HashTalk has always been an open place for discussion of facts and where alternate opinions are carefully considered.

[ZiG]

Just looked @ HashTalk, apparently my post is no longer there.  Anyone surprised?

Totally surprised. HashTalk has always been an open place for discussion of facts and where alternate opinions are carefully considered.

You sound completely like Homero himself...

Are you Homero...aka Josh Garza ...

Or just being a totally sarcastic...

ZiG

[Liquid71]

What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.

The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself.

[nemesio]

What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.

The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself.

GAW Required everyone that did business for them to sign an NDA.

Just because of the fact that we MIGHT be told something. Which in my dealings we weren't.

You guys requested facts, they have been provided. But please, continue with speculative attacks.

[interstellar]

What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.

The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself.

GAW Required everyone that did business for them to sign an NDA.

Just because of the fact that we MIGHT be told something. Which in my dealings we weren't.

You guys requested facts, they have been provided. But please, continue with speculative attacks.

Were you guys paid or compensated in any way for being mods?

[nemesio]

What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.

The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself.

GAW Required everyone that did business for them to sign an NDA.

Just because of the fact that we MIGHT be told something. Which in my dealings we weren't.

You guys requested facts, they have been provided. But please, continue with speculative attacks.

Were you guys paid or compensated in any way for being mods?

If anyone was paid, that was between them and GAW, I can't speak on behalf on that, for i don't know.

[coinits]

What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.

The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself.

GAW Required everyone that did business for them to sign an NDA.

Just because of the fact that we MIGHT be told something. Which in my dealings we weren't.

You guys requested facts, they have been provided. But please, continue with speculative attacks.

so what?

http://slur.io/

[interstellar]

What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.

The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself.

GAW Required everyone that did business for them to sign an NDA.

Just because of the fact that we MIGHT be told something. Which in my dealings we weren't.

You guys requested facts, they have been provided. But please, continue with speculative attacks.

Were you guys paid or compensated in any way for being mods?

If anyone was paid, that was between them and GAW, I can't speak on behalf on that, for i don't know.

So you are saying, no you were not paid or you are taking the 5th on that?

[vabchgent]

How many MODs of founders do we have over here now ?

Leave the MODs alone there here now and probably were left in the dark like the rest of us and probably have as much lost as the rest of us if not more at this point. Berating them or putting them down serves no one any purpose.

[Liquid71]

What possibly would warrant mere simple moderators on a forum to be under NDA? Does the owner make them privy to critical decisions, methods of operations and plans of action, perhaps directions to take and why and if so why? Or does he simply exclude them from an business related meetings and discussions.

The fact that there was a NDA for mods is proof they know more than the public victims. The fact that they were willing to sign an NDA to be a forum mod speaks for itself.

GAW Required everyone that did business for them to sign an NDA.

Just because of the fact that we MIGHT be told something. Which in my dealings we weren't.

You guys requested facts, they have been provided. But please, continue with speculative attacks.

Were you guys paid or compensated in any way for being mods?

They did business with Gaw, so that implies some form of compensation.