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

[coinmaster222]

AT LEAST SOMEONE IS GIVING A GUARANTEE

Peer-to-peer bitcoin shopping service Purse.io is now offering a $10,000 customer protection guarantee to cover users against any costs related to purchasing items through its website.

Notably, the scheme, which was launched on 7th January, will also be available retrospectively to users who report incidents on any past transactions.

Andrew Lee, CEO of the startup said:

"Our payment flow relies on two irreversible transactions: bitcoin transfer through escrow and delivery of a physical good. This is one of the reasons why we are able to deliver drastically lower fraud rates than PayPal, Visa, or any other traditional payments system."

"The $10,000 guarantee is broad in scope to cover any unexpected costs that may arise from using our services," he added.

The decision to roll-out the protection plan was taken after a user's home was searched as a result of a purchase he made using the marketplace six months ago.

Purse.io apologised following an internal investigation, confirming they were "truly apologetic" and "offered to compensate lawyer fees and any other expenses related to the incident".

Lee said:

"When Chesky and company were building Airbnb they did not expect meth heads to destroy a host's home. But when it happened, they dealt with it professionally and restored user confidence. At Purse we are driving mainstream adoption, and we need to meet the standards set by Airbnb, Uber and the like. We hope other companies including Coinbase and Circle follow our lead."

Increased security

Despite boasting a relatively impressive safety record, claiming over 10,000 completed transactions and only four reported incidents in the last year, Purse.io will implement additional measures to protect its users further.

The company says that, following a doubling of the customer support team in December, numbers will again double in March.

A 'gamification engine' that puts spending limits on new and unverified buyers has also been introduced in an attempt to minimise fraud. Users can improve their limits by completing successful transactions and via social and phone verification.

Additionally, Purse.io has incorporated an algorithm that detects suspicious buyer behaviour by requiring verification before a purchase is made.

"As our services scale, we fully expect other edge cases that we can't imagine today. Our job is to quickly learn from them and take measures to prevent, detect and react," Lee said.

How it works

Purse.io, which connects users worldwide through a decentralized commerce system, markets its service at people who would like to purchase items on Amazon using bitcoin, which currently is not accepted by the online retailer.

By matching these two markets, Purse.io is able to offer bitcoin purchases on Amazon, powered by a kind of bitcoin exchange that uses a buyer discount to incentivise digital currency owners to sell their bitcoin.

The process is similar to other peer-to-peer marketplaces such as Brawker, a site that offers discount shopping at all legitimate retailers. Purse.io acts as an intermediary by facilitating a user platform, bitcoin wallet and escrow for completing transactions.

Buyers who want to use bitcoin to purchase discounted Amazon items are required to deposit them in their Purse.io accounts. They are then asked to import their Amazon 'wish list' using a 'share' URL and indicate the level of  discount desired. Once this is done, the listing is posted on the Purse.io marketplace.

The person willing to buy bitcoin for a similar amount will accept the transaction and purchase the items on the wish list using a credit card so they can be shipped to the Amazon buyer.

Once the items have been received, the Amazon buyer is expected to notify Purse.io so the bitcoins can be released from escrow and passed on to the bitcoin buyer.

In a previous interview with CoinDesk, Ken Liu, second founder of the company said: "It's kind of like an exchange, but with an Amazon layer."

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[coinmaster222]

After reading everything said for and against Gaw I think this one statement says it all

"On 3rd January, ShapeShift announced that it would be withdrawing support for paycoin. The exchange stated that GAW had failed to fulfil “a guarantee” to shore up the value at $20. The move followed calls from some community members to boycott exchanges that listed paycoin.

“People make business mistakes all the time, and it doesn't mean its a scam,” ShapeShift founder and CEO Beorn Gonthier told CoinDesk at the time. “But deleting former promises is unacceptable, and we couldn't in good conscience continue listing paycoin on ShapeShift.”

Deleting former promises that enticed people to buy paycoin on the promise of it being bought at $20 dollars is a criminal offence full stop.

[alienesb]

After reading everything said for and against Gaw I think this one statement says it all

"On 3rd January, ShapeShift announced that it would be withdrawing support for paycoin. The exchange stated that GAW had failed to fulfil “a guarantee” to shore up the value at $20. The move followed calls from some community members to boycott exchanges that listed paycoin.

“People make business mistakes all the time, and it doesn't mean its a scam,” ShapeShift founder and CEO Beorn Gonthier told CoinDesk at the time. “But deleting former promises is unacceptable, and we couldn't in good conscience continue listing paycoin on ShapeShift.”

Deleting former promises that enticed people to buy paycoin on the promise of it being bought at $20 dollars is a criminal offence full stop.

What about what hashprofit did then bud? OT I know but seeing how you are pointing fingers I thought I would ask.

[strangerdanger101]

[coinmaster222]

After reading everything said for and against Gaw I think this one statement says it all

"On 3rd January, ShapeShift announced that it would be withdrawing support for paycoin. The exchange stated that GAW had failed to fulfil “a guarantee” to shore up the value at $20. The move followed calls from some community members to boycott exchanges that listed paycoin.

“People make business mistakes all the time, and it doesn't mean its a scam,” ShapeShift founder and CEO Beorn Gonthier told CoinDesk at the time. “But deleting former promises is unacceptable, and we couldn't in good conscience continue listing paycoin on ShapeShift.”

Deleting former promises that enticed people to buy paycoin on the promise of it being bought at $20 dollars is a criminal offence full stop.

What about what hashprofit did then bud? OT I know but seeing how you are pointing fingers I thought I would ask.

I NEVER at anytime enticed people to buy hashprofit in anyway I just reported and ran there page here and at no time did I remove one post saying anything bad about them.At my own cost I have contacted someone in Limasoll to do a bit of research and find out who registered the company who the directors were etc.

[coinmaster222]

I have actually been playing with an idea in my head of developing a coin,calling it legalcoin with a say 100,00 premine the pre mine money to go to a lawyer of our choice to track down and prosecute scam cloudminers.Anybody any comments on this? or ideas along similar lines

[Lukey_P]

Anyone else notice the Mr Coins Mentalist on HT always ends his crazy positive posts with a
Just like a Mr Garza???

Anyone?

[Phildo]

I have actually been playing with an idea in my head of developing a coin,calling it legalcoin with a say 100,00 premine the pre mine money to go to a lawyer of our choice to track down and prosecute scam cloudminers.Anybody any comments on this? or ideas along similar lines

why throw more good money after bad?

These scammers know what they are doing and know how to make the money disappear after they get it. It's much easier to not give your money to a scammer than to try and use the legal system to get it back.

[Paul Revere]

I have actually been playing with an idea in my head of developing a coin,calling it legalcoin with a say 100,00 premine the pre mine money to go to a lawyer of our choice to track down and prosecute scam cloudminers.Anybody any comments on this? or ideas along similar lines

why throw more good money after bad?

These scammers know what they are doing and know how to make the money disappear after they get it. It's much easier to not give your money to a scammer than to try and use the legal system to get it back.

As long as I get to be the "Lawyer" who collects all the legal funds I am in!!

[coinmaster222]

Well just a thought so I will just look after myself and sue as an individual paying for it myself

[suchmoon]

I would suggest that if you want cheap XPY buy now, some whales and large customers have put buy walls in, I follow the money and so should U

Bubba, flipping sides again now that you got unbanned?

[Paul Revere]

Stop the presses! I did some quick calculations concerning creating a scam coin to pay lawyers to track down coin scammers:



According to my calculations, this could cause a rip in the Space/Time Hyper Flex continuum and suck the entire Crypto Universe into it!!

[suchmoon]

@redacted answered my question on premine sales on HT

"You can tell they are NOT the premine, since those coins sit in prime controllers, and those prime controller addresses are are known and shown on the richlist. Believe me, there would be lots out outcry if any of the coins in prime controllers started moving out of thier wallet addresses and showing up for sale on exchanges."

well then where are the 1000S of coins sold on paybase coming from???

one guy alone posted a buy from paybase of about 488,000 xpy

This again should be trivially simple. There has to be a true believer somewhere who bought a coin on paybase. Follow that coin back to where it was created. This coin isn't very old, it shouldn't be too hard.

It's likely it would trace to the premine, but that doesn't prove anything. It could be someone's HP conversion, or it could be GAW's own coins. If they wanted to do the right thing they could have signed all addresses that 12 million was split into so that we would know exactly which part belongs to HP conversions, investors, and as it turns out now - a test Prime Controller. Even that is not a proof of anything, because GAW could have as many HPs of their own as they want under any number of pseudonyms. But the fact that they didn't even do such a basic accountability step shows how messed up this thing is.

[strangerdanger101]

Stop the presses! I did some quick calculations concerning creating a scam coin to pay lawyers to track down coin scammers:



According to my calculations, this could cause a rip in the Space/Time Hyper Flex continuum and suck the entire Crypto Universe into it!!

[Subtuppel]

Anyone else notice the Mr Coins Mentalist on HT always ends his crazy positive posts with a
Just like a Mr Garza???

Anyone?

That muppet was hyping BLK like a madman before (he was likely lucky enough to get in very very early but never seemed to understand much if anything about the technology at all, glad he left)
Switched to hyping Paycoin non-stop as soon as it was announced, bought a ton of fake twatter followers since.

There's three possibilities IMO:

1. He sold the account to GAW
2. He is a "whale" or insider and intentionally rips off newbies
3. He has all is profits into GAW and is in panic mode since all the shit has been unveiled and he has his precious XPY stuck in the hilarious cashtakers.

I doubt he is actually in total delusion as many over there at trashtalk, though.

[coinmaster222]

Paycoin dice for sale wonder if they actually made any money

[WaffleMaster]

I just had an epiphany. GAW is actually putting selling pressure on the market to keep the cashtakers from taking too much of their cash. That's why they had a huge premine. That's why they sold staking wallets. The extra money they get from noobs buying is just icing on the cake baby. GG case closed lets wrap this scam up and go to busting the next one folks. /s

[Lukey_P]

Anyone else notice the Mr Coins Mentalist on HT always ends his crazy positive posts with a
Just like a Mr Garza???

Anyone?

That muppet was hyping BLK like a madman before (he was likely lucky enough to get in very very early but never seemed to understand much if anything about the technology at all, glad he left)
Switched to hyping Paycoin non-stop as soon as it was announced, bought a ton of fake twatter followers since.

There's three possibilities IMO:

1. He sold the account to GAW
2. He is a "whale" or insider and intentionally rips off newbies
3. He has all is profits into GAW and is in panic mode since all the shit has been unveiled and he has his precious XPY stuck in the hilarious cashtakers.

I doubt he is actually in total delusion as many over there at trashtalk, though.

Very good answer. I think personally its him. He's from London is he, yeah course he is. Quick...Think of a big city far from USA..London.
All the posts end in a (Josh's trademark) he may unknowingly do this as a habit.

Gawception

[LiteCoinGuy]

https://coinfire.cf/2015/01/09/xpy-purchasing-by-credit-card-disabled-by-stripe-for-tos-violation/

[drasted]

I have actually been playing with an idea in my head of developing a coin,calling it legalcoin with a say 100,00 premine the pre mine money to go to a lawyer of our choice to track down and prosecute scam cloudminers.Anybody any comments on this? or ideas along similar lines

"Will you accept payment in a currency that we have just made up specifically just to pay you with? What can you do with the currency? Well, if all goes well you can hire lawyers with it"