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

[doogsan]

Theories on who is pumping xpy?

[WaffleMaster]

Somebody find that video of him at the conference a year back or so claiming partnering with amazon, walmart, and target. The one that started the original coinfire.cf article that got them hacked.

https://www.youtube.com/watch?v=wVXPFVl0r0M&feature=youtu.be&t=6h7m25s

[vancefox]

Theories on who is pumping xpy?

Not me.  I can guarantee that.  But I do recall Josh saying something about finding another "investor".

[bananafana]

Well there has been an increase of approx 1700 coins added to the network on the "test staking" or whatever the new excuse/reason is that GAWlets come up with.

I can't exactly say when hyperinflation will push the value into ever increasing zeros, but it will happen.  There is no inflationary control mechanism in the code.  The coins stake at the stated rates, compounding every time.  Honestly I can't give exact numbers or percentages since the code was so poorly written.

XPY will survive for only as long as GAWlets are willing to pour money into it and for as long as people continue to ride the P&D waves.

Me personally, I rode the waves early while the hype machine was running at full force.  Now that the machine is running out of gas and was never filled with oil I'm not going to care about any money I left "on the table" because I'm not going to be caught holding the bag when, not if but when, this, in my opinion, long con/scam comes to an end.

When the "Prime Controllers" start their staking there will be more coins in the XPY network than DOGE in a very short time frame.

The high-return stakers are all in GAW hands though, right? And I also believe that the 97% premine is in GAW hands since the "$100 million" investors don't really exist.

So the vast majority of the coins aren't being traded. The 12 million coin premine isn't being traded, neither is what GAW mined in the POW phase, neither is what they've convinced people to lock up in stakers, neither is what people have stored in paybase.

This explains why the price isn't falling more than it has. The number of shares actually being traded is a tiny, tiny fraction of the total number used to calculate the market cap. It could easily be under two hundred thousand coins actually in the market.

But if so, then why create these inflationary stakers when the amounts they're creating are (for now) dwarfed by the millions of premined coins? The price would be way under a dollar if a significant fraction of those premined coins hit the market. Adding more coins when you already have more than you could ever sell makes no sense, and only hurts the coin as more people learn about the built-in hyperinflation.

What am I missing?

[WaffleMaster]

You do realize once people can buy XPY with credit cards, hackers are going to buy them with cards they hacked, dump them for BTC, then dump that for fiat? LOL Josh is making it too easy to crash this thing at this point. The major CC will see how much fraud is going on and shut er down.

[vancefox]

The high-return stakers are all in GAW hands though, right? And I also believe that the 97% premine is in GAW hands since the "$100 million" investors don't really exist.

So the vast majority of the coins aren't being traded. The 12 million coin premine isn't being traded, neither is what GAW mined in the POW phase, neither is what they've convinced people to lock up in stakers, neither is what people have stored in paybase.

This explains why the price isn't falling more than it has. The number of shares actually being traded is a tiny, tiny fraction of the total number used to calculate the market cap. It could easily be under two hundred thousand coins actually in the market.

But if so, then why create these inflationary stakers when the amounts they're creating are (for now) dwarfed by the millions of premined coins? The price would be way under a dollar if a significant fraction of those premined coins hit the market. Adding more coins when you already have more than you could ever sell makes no sense, and only hurts the coin as more people learn about the built-in hyperinflation.

What am I missing?

I can't comment on who holds each pre-mined "prime" address.  I don't know.  What I can say is that GAW holds every prime priv key and therefore has to know who owns each of those addresses in which those keys will be used.  Another thing I can say is that there may be addresses not labeled as primes that are using or will use a prime key.  This has already been discovered and commented upon and "explained" as a test... a test not done on a testnet but done in actual production.

Will it end up being Josh, his family, his friends, his employees, etc is yet to be released so we can only speculate at this moment in time.

You are correct though, a majority of coins are locked up and cannot be sold on the market.  We can speculate that those coins may or may not be dumped at the earliest opportune time as well, but until this all plays out there's really nothing we can factually say about it.


Just pop some corn and enjoy the show.

EDIT: Please see above where I added in italics.

EDIT 2: This is what Josh should use... explained edits... if you're not scamming/conning, why edit things away without explaining what you've changed and why?

[Paul Revere]

Theories on who is pumping xpy?

Not me.  I can guarantee that.  But I do recall Josh saying something about finding another "investor".

[KC6TTR]

Anyone notice that "Dr." Coates' website is Cryptocause? I know that someone involved in a charity would never skim profits or direct funds to an associate of any sort, that is just pure crazy talk....

He started that site after publicly asking for "help" with transportation to is doctor(s) and receiving a newer street legal golf-cart from the GAW mining community back before the HashTalk days. Although I do not agree with the way he asked for the help, it was a good see the community contribute. In fact, Mr. HashTitan reportedly donated the most; earning himself a loyal following from. Dr. Paul. At any rate, the purpose of that site at the time was to continue the good-will and focus his efforts in getting help for others in the same manner he was helped. I do not believe Dr. Paul was involved in any financial or other fraud at any time.

Scott-

[bananafana]

I can't comment on who holds each pre-mined "prime" address.  I don't know.  What I can say is that GAW holds every prime priv key and therefore has to know who owns each of those addresses in which those keys will be used.  Another thing I can say is that there may be addresses not labeled as primes that are or will use a prime key.  This has already been discovered and commented upon and "explained" as a test... a test not done on a testnet but done in actual production.

Testing in production may not be smart but it's pretty common, and not all that surprising considering the overall quality level of their work.

Another possibility is that they were hacked (as suggested in the thread here: https://hashtalk.org/topic/27761/what-and-why-is-this-address-so-important/3) and don't dare admit it.

There are some interesting comments in that thread, with people becoming aware of the hyperinflation that would be caused by those stake rates. Good.

[suchmoon]

The high-return stakers are all in GAW hands though, right? And I also believe that the 97% premine is in GAW hands since the "$100 million" investors don't really exist.

So the vast majority of the coins aren't being traded. The 12 million coin premine isn't being traded, neither is what GAW mined in the POW phase, neither is what they've convinced people to lock up in stakers, neither is what people have stored in paybase.

This explains why the price isn't falling more than it has. The number of shares actually being traded is a tiny, tiny fraction of the total number used to calculate the market cap. It could easily be under two hundred thousand coins actually in the market.

But if so, then why create these inflationary stakers when the amounts they're creating are (for now) dwarfed by the millions of premined coins? The price would be way under a dollar if a significant fraction of those premined coins hit the market. Adding more coins when you already have more than you could ever sell makes no sense, and only hurts the coin as more people learn about the built-in hyperinflation.

What am I missing?

The 12 million already includes locked HashStaker coins, it also includes coins converted from hashpoints, and a lot of those are available for trading. Plus thousands of new coins are paid out daily to HashStaker owners and likely dumped right away. The only coins we can be reasonably sure are not traded are the ones in the hardcoded Prime wallets, which is what - 6 million or so?

This looks like a coin designed for dumping. With some support provided by the "no more pre-announcements" hype machine this can go on for a while.

[WaffleMaster]

Buy order bots were removed and now we can see that besides the 16 BTC wall that was just recently put up at .017, less than 10 BTC is holding the price up lol.

AAAND IT'S GONE. Somebody really wanted that 16 BTC

[strangerdanger101]

Anyone notice how the buy price inside of paybase is always much higher than the market.  Right now the market is at $4.74 but inside the Paybase API the buy price is $5.08 is there a hidden fee?

[welchy8764]

Anyone notice that "Dr." Coates' website is Cryptocause? I know that someone involved in a charity would never skim profits or direct funds to an associate of any sort, that is just pure crazy talk....

He started that site after publicly asking for "help" with transportation to is doctor(s) and receiving a newer street legal golf-cart from the GAW mining community back before the HashTalk days. Although I do not agree with the way he asked for the help, it was a good see the community contribute. In fact, Mr. HashTitan reportedly donated the most; earning himself a loyal following from. Dr. Paul. At any rate, the purpose of that site at the time was to continue the good-will and focus his efforts in getting help for others in the same manner he was helped. I do not believe Dr. Paul was involved in any financial or other fraud at any time.

Scott-

I too donated to the cause. Dr Paul was associated with the site because he worked for the owner who was a business bases in south Africa. I used them because they did donate to different causes such as breast cancer etc. Etc. They stop associating with GAW after the whole incident with GAW screwing up prime activations and giving everyone 25 primes instead of 1or 5. They were good guys to deal with. Like everyone else they were probably fucked over by josh.

[vancefox]

The 12 million already includes locked HashStaker coins, it also includes coins converted from hashpoints, and a lot of those are available for trading. Plus thousands of new coins are paid out daily to HashStaker owners and likely dumped right away. The only coins we can be reasonably sure are not traded are the ones in the hardcoded Prime wallets, which is what - 6 million or so?

This looks like a coin designed for dumping. With some support provided by the "no more pre-announcements" hype machine this can go on for a while.

Or go on as long as the GAWlets have money left to pump into the machine...  We may see the end sooner than you think and there may be a lot of the below soon to be posting on Hashtalk (but only until removed by mods/admins) and BitCoinTalk:

• I lost my retirement!
• I lost my home!
• I lost my car!
• I lost my marriage!
• I lost my (input anything else you want to input)!

Those that are part of the P&D world already know that they may or may not be left holding a bag full of nothing.  It's the "believers" that seem to be completely, well, oblivious to fact.

[vancefox]

Anyone notice how the buy price inside of paybase is always much higher than the market.  Right now the market is at $4.74 but inside the Paybase API the buy price is $5.08 is there a hidden fee?

[ s ]

There is no fee, just a higher cost...  Josh already said that there would be no fee.  Don't you people ever listen to him?

[ /s ]

[strangerdanger101]

Anyone notice how the buy price inside of paybase is always much higher than the market.  Right now the market is at $4.74 but inside the Paybase API the buy price is $5.08 is there a hidden fee?

[ s ]

There is no fee, just a higher cost...  Josh already said that there would be no fee.  Don't you people ever listen to him?

[ /s ]

Oh right right 

[suchmoon]

Anyone notice how the buy price inside of paybase is always much higher than the market.  Right now the market is at $4.74 but inside the Paybase API the buy price is $5.08 is there a hidden fee?

[ s ]

There is no fee, just a higher cost...  Josh already said that there would be no fee.  Don't you people ever listen to him?

[ /s ]

Oh right right 

This was all explained merely 60 pages ago 

https://bitcointalk.org/index.php?topic=857670.msg10016673#msg10016673

[KC6TTR]

Anyone notice that "Dr." Coates' website is Cryptocause? I know that someone involved in a charity would never skim profits or direct funds to an associate of any sort, that is just pure crazy talk....

He started that site after publicly asking for "help" with transportation to is doctor(s) and receiving a newer street legal golf-cart from the GAW mining community back before the HashTalk days. Although I do not agree with the way he asked for the help, it was a good see the community contribute. In fact, Mr. HashTitan reportedly donated the most; earning himself a loyal following from. Dr. Paul. At any rate, the purpose of that site at the time was to continue the good-will and focus his efforts in getting help for others in the same manner he was helped. I do not believe Dr. Paul was involved in any financial or other fraud at any time.

Scott-

I too donated to the cause. Dr Paul was associated with the site because he worked for the owner who was a business bases in south Africa. I used them because they did donate to different causes such as breast cancer etc. Etc. They stop associating with GAW after the whole incident with GAW screwing up prime activations and giving everyone 25 primes instead of 1or 5. They were good guys to deal with. Like everyone else they were probably fucked over by josh.

Yes, you're right. That was the S. African reseller - good guys. Dr. Paul also has/had a site not related to selling anything so excuse me for crossing the streams there. ;-)

Scott-

[ZiG]

Buy order bots were removed and now we can see that besides the 16 BTC wall that was just recently put up at .017, less than 10 BTC is holding the price up lol.

AAAND IT'S GONE. Somebody really wanted that 16 BTC

The "SOMEBODY"'s name is Homero...remember...

16 BTC x $270 = ~$4320 in his pocket ...in exchange for worthless XPY...SUPER DEAL...

ZiG

[KC6TTR]

Fortunately the notion of "country club" prisons for white collar criminals is largely a myth. Some prisons are less bad than others though.

Especially in the United States,  your penal system seems to be much harsher than in the UK. Over here our white collar criminals would probably be sent to what is called a category C prison, which is basically an open prison for non violent offenders. That's if they don't buy their way out of the charges using slick legal teams.

Your parliament needs to be bring back a form of the debtor's prison - just for the scammers.


Re: Mr. Garza
As soon as he lands in Miami, he should look out for the "official" welcoming committee. I hear Fred, Bob, and Irene are looking to have a talk with him along with a few "local" interests.

Scott-