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

[Paul Revere]

Yes they are. But that was not I was answering to. I was saying that the few transactions that are split in half and to the same address are the staking transactions. The other are indeed sales or transfers to other user owned wallets.

So, what part of Josh &Co are selling pre mined (FREE) coins do you not understand? Do you also believe that NONE of these pre mined coins have been dumped into the open market? How about the Tooth Fairy? You believe in that, too?  Fools like you are why these scammers are able to keep  repeating this same scam with a new coat of paint on the same turdwagon over and over.

What part of sales do you not understand?

I understand sales quite well. What part of "you have given a lot of money to a dirty, stinking, rotten, lying con man and now you are making yourself into an even bigger fool by defending him" do you not understand?

Also: I would like to ask you a question. WHY are you posting here? The dumbest of the dumb could figure out that you are not going to make a believer out of anyone who has read the proof of scam presented here, so WHY are you posting here?

So even when I agree with you you don't accept it? Why do I post here i'm really beginning to wonder that because even the simplest sentence are misunderstood.

I think your family should put you on suicide watch. You are clearly delusional and grasping for some magic excuse that will explain why you have not been taken for a fool by a con man. It does not exist. You have been Paycoined. When you finally wake up and realize what a fool you have been, and then pile on top of that your childish public defense of the shyster who played you for a fool,  that is going to be one hard day to face, friend.

[suchmoon]

I got a perfectly logical explanation for the blockchain activity. I doubt anyone will believe me but here goes.

They receive fiat from the CC transactions and it takes time to transfer fiat to any exchange so for speedy transactions they use their own reserve then transfer the fiat to an exchange to buy BTC and buy XPY with BTC. The XPY/USD market is almost non existent so it makes no sense to buy XPY with fiat.

This may be far fetched but that is the way I would set it up.

The problem is that GAW's "reserves" are not supposed to be coming from the premine. Premine coins were supposed to go to (1) investors and (2) ZenCloud hashpoint miners. Now it turns out we also have (3) a "test" Prime Controller, and if you're right - (4) "reserves". Or they are borrowing from ZenCloud wallets (can't borrow the investor coins locked in Primes, right?).

Or we could just do an Occam on the whole thing and agree that they are simply dumping the premine.

[eightcylinders]

I got a perfectly logical explanation for the blockchain activity. I doubt anyone will believe me but here goes.

They receive fiat from the CC transactions and it takes time to transfer fiat to any exchange so for speedy transactions they use their own reserve then transfer the fiat to an exchange to buy BTC and buy XPY with BTC. The XPY/USD market is almost non existent so it makes no sense to buy XPY with fiat.

This may be far fetched but that is the way I would set it up.

If it was anyone other than GAW I would say maybe, but highly unlikely... But since it's GAW and they have a horrible past performance and business ethics issue - I'd so absolutely no.

The other problem with this is that Josh flatly denied that ANY coins were pre-mined for GAW:

About 60% of the 12 million coins are going to customers, 40% are going to investors.

The remaining 500k coins are publicly available. GAW is mining those coins with everyone else. All the coins we mine will be used for the CAF and adding more money to the Paybase reserve

https://hashtalk.org/topic/22975/initial-paycoins-of-12m/3

You all may recall that I got (and remain) shadow banned for politely raising this issue:
https://hashtalk.org/topic/23155/did-gaw-really-pre-mine-12-000-000-paycoin-out-of-block-1-leaving-only-500-000-for-miners/

In that ill-fated thread, though you cannot see my posts (which fwiw had well over 30 upvotes), Josh responded:

What I said is why [sic] would premine coins that belong to customers and investers [sic].  And we would mine for our own coins."

https://hashtalk.org/topic/23155/did-gaw-really-pre-mine-12-000-000-paycoin-out-of-block-1-leaving-only-500-000-for-miners/65

So, there should be **no** coins sold on Paybase or otherwise from GAW that come from the 12,000,000 block UNLESS the coins first went to investors or customers, got dumped on the market (by dumpers who also happen to be investors or customers), got repurchased by GAW, and sold on Paybase.

As suchmoon said in an earlier post, it would help GAW alot if they provided an accounting of the 12,000,000 premine that included XPY addressed from the initial distribution.  

[vancefox]

What I don't understand from the analysis is the fact that it is so deep yet we say it is from the premine.  The only way this would be daming is if we could prove it hasn't been in anyone's possession between origination and the final wallet.

Considering %95 of the coins originate from premine, 40% of which were distributed to users and roughly another 500K POW coins it only make sense that the vast majority of transaction go back to a premine address.

With the number of hops in the transaction analysis chain, how do we go about knowing that GAW owned the "hops addresses" in the middle?  That it isn't me getting my ICO, using bitcoin and transfering it back to Paybase?

Yes, 12,000,000 of the 12,343,000ish original coins were premined, which comes to ~97% by the way.

This means that you have to follow the transactions and how each transaction plays out.  When every single transaction that disperses XPY ends with the change being sent to a new address you develop a pattern.  When you apply said pattern to the rest of the excavation you develop an understanding on how GAW's scripts are using their wallets.

Take out every stake and you're left with what?

Starting from the premine block:
https://chainz.cryptoid.info/xpy/tx.dws?1.htm

To the premine block movements out to a 1,750,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?167.htm
https://chainz.cryptoid.info/xpy/tx.dws?186.htm
https://chainz.cryptoid.info/xpy/tx.dws?190.htm
https://chainz.cryptoid.info/xpy/tx.dws?194.htm
https://chainz.cryptoid.info/xpy/tx.dws?9616.htm

From that 1,750,000 premine dispersal to a 50,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?83905.htm
https://chainz.cryptoid.info/xpy/tx.dws?139249.htm

From that 50,000 block through more dispersal to an almost 25,000 block:
https://chainz.cryptoid.info/xpy/tx.dws?139351.htm
ttps://chainz.cryptoid.info/xpy/tx.dws?139867.htm
https://chainz.cryptoid.info/xpy/tx.dws?141151.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm
https://chainz.cryptoid.info/xpy/tx.dws?141698.htm

From that ~25,000 block through yet more dispersal to two approx equal blocks just over 12,000:
https://chainz.cryptoid.info/xpy/tx.dws?141732.htm
https://chainz.cryptoid.info/xpy/tx.dws?141761.htm
https://chainz.cryptoid.info/xpy/tx.dws?141767.htm
https://chainz.cryptoid.info/xpy/tx.dws?141796.htm
https://chainz.cryptoid.info/xpy/tx.dws?141858.htm
https://chainz.cryptoid.info/xpy/tx.dws?141932.htm
https://chainz.cryptoid.info/xpy/tx.dws?142048.htm
https://chainz.cryptoid.info/xpy/tx.dws?142177.htm
https://chainz.cryptoid.info/xpy/tx.dws?142362.htm
https://chainz.cryptoid.info/xpy/tx.dws?142787.htm
https://chainz.cryptoid.info/xpy/tx.dws?143015.htm
https://chainz.cryptoid.info/xpy/tx.dws?143187.htm
https://chainz.cryptoid.info/xpy/tx.dws?143275.htm
https://chainz.cryptoid.info/xpy/tx.dws?143377.htm
https://chainz.cryptoid.info/xpy/tx.dws?144745.htm

From one of those ~12,000 blocks to two approx equal blocks just over 6,000:
https://chainz.cryptoid.info/xpy/tx.dws?146064.htm

From one of those ~6,000 blocks to two approx equal blocks just over 3,000:
https://chainz.cryptoid.info/xpy/tx.dws?147619.htm

From one of those ~3,000 blocks through even more dispersal to two approx equal blocks just under 1,500:
https://chainz.cryptoid.info/xpy/tx.dws?148159.htm GAW sending coins to Bittrex?
https://chainz.cryptoid.info/xpy/tx.dws?149033.htm Bittrex again?
https://chainz.cryptoid.info/xpy/tx.dws?151682.htm

From one of those ~1,500 blocks to two approx equal blocks of around 740:
https://chainz.cryptoid.info/xpy/tx.dws?155845.htm

From one of those ~740 blocks to two approx equal blocks of around 370:
https://chainz.cryptoid.info/xpy/tx.dws?160085.htm

From one of those ~370 blocks to two approx equal blocks of 185:
https://chainz.cryptoid.info/xpy/tx.dws?164542.htm

From one of those ~185 blocks to your transaction:
https://chainz.cryptoid.info/xpy/tx.dws?a80127b3756b88c4f9e3fb594fd99d7f0c3f7d8598b3e42a2e2bf43404c4cb18.htm

You're left with just a pattern of dispersal from block #1... the pre-mined coins.

[wdl1908]

As suchmoon said in an earlier post, it would help GAW alot if they provided an accounting of the 12,000,000 premine that included XPY addressed from the initial distribution. 

Yes it would be good to have a full list. At the moment there is only the partial list of the so called prime controllers. but that only adds up to 125k*50=6.250m The rest where supposedly going to the Hashpoint to XPY conversion and that number is unknown. Was there anything left after that conversion? Yes probably.

[demonz]

Yes they are. But that was not I was answering to. I was saying that the few transactions that are split in half and to the same address are the staking transactions. The other are indeed sales or transfers to other user owned wallets.

So, what part of Josh &Co are selling pre mined (FREE) coins do you not understand? Do you also believe that NONE of these pre mined coins have been dumped into the open market? How about the Tooth Fairy? You believe in that, too?  Fools like you are why these scammers are able to keep  repeating this same scam with a new coat of paint on the same turdwagon over and over.

What part of sales do you not understand?

I understand sales quite well. What part of "you have given a lot of money to a dirty, stinking, rotten, lying con man and now you are making yourself into an even bigger fool by defending him" do you not understand?

Also: I would like to ask you a question. WHY are you posting here? The dumbest of the dumb could figure out that you are not going to make a believer out of anyone who has read the proof of scam presented here, so WHY are you posting here?

So even when I agree with you you don't accept it? Why do I post here i'm really beginning to wonder that because even the simplest sentence are misunderstood.

I think your family should put you on suicide watch. You are clearly delusional and grasping for some magic excuse that will explain why you have not been taken for a fool by a con man. It does not exist. You have been Paycoined. When you finally wake up and realize what a fool you have been, and then pile on top of that your childish public defense of the shyster who played you for a fool,  that is going to be one hard day to face, friend.

Calm down paul. It's very hard for most people to come to terms that they've been conned/scammed.  I dont really see a childish public defense from daffy but what I do see is you acting like the "king of the hill" because of a justified sense of entitlement.

Let's remember, the point of this thread was to start a TWO SIDED discussion to question and discover what "GAW Zen Hashlet Paycoin" represents and not to laugh in the face of the unfortunate souls who got sucked in.

[bananafana]

If what you're saying is that these quotes are why the GAW fans got the idea that their buys on paybase translate into buys on the exchanges, then it shows they're seeing what they want to see. After everything that's happened they're still giving Josh the benefit of the doubt, and assuming he'll do what's good for them rather than what's good for him, even when the terms of use say exactly the opposite of what they're assuming.

What do you expect them to think.  The posts either insinuate... or outright say they will purchase from the market the coins sold on Paybase.... as in this post that was already known:  http://media.coindesk.com/2015/01/Hash-Talk-4.png

It specifically says "Plus, all the coins purchased on Paybase will be purchased from the market!"

So how could anyone not see that.

Sorry if you posted that one before and I missed it. Yeah, that's a clear promise.

Nothing else in that post turned out to be true. They didn't "aggressively push the market up." The market wasn't above the floor except very, very briefly.

And by the TOS they're not legally obligated to do it, no matter what Josh said, and the TOS are written to be very explicit about that both in specifying that no other statements outside the TOS are binding, and that paybase is not acting as an intermediary.

And they've got no reason to buy those coins on the exchanges (other than Josh keeping his word, and you know what that's worth). They have more then enough coins already to fill every buy order, and by filling the orders out of premine coins they make bucketloads more money.

So I think it still takes some very wishful thinking, and trust in Josh way beyond anything he's earned, to even entertain the idea that they might be buying the coins on the exchanges.

Now, I'm not a blockchain expert, but is the proof offered up in this thread definitive?  How does anyone know who owns what wallets and where through that chain of transactions?  Suspicious... yes it definitely looks that way just because of the weird halving structure... but is it definitive?

If it's definitive... who will be be brave soul to sacrifice their HT "burner" account to post it first?  

I'll take their word for it that the coins being sold are premine coins. But GAW's story might be that they deliver the premine coins immediately then replenish by buying on the exchanges. It would be fun to see someone try to pin them down on that. 

It's certainly something that XPY holders should care about, since diverting buying volume off of the exchanges and increasing the supply by letting go of more premine coins would be detrimental to XPY. Seems like it would be worth using up a burner account to find out. :-)

[strangerdanger101]

I got a perfectly logical explanation for the blockchain activity. I doubt anyone will believe me but here goes.

They receive fiat from the CC transactions and it takes time to transfer fiat to any exchange so for speedy transactions they use their own reserve then transfer the fiat to an exchange to buy BTC and buy XPY with BTC. The XPY/USD market is almost non existent so it makes no sense to buy XPY with fiat.

This may be far fetched but that is the way I would set it up.

Originally they said they didn't even premine.

https://twitter.com/gawceo/status/532173907718332417



So you'll have to forgive the skepticism.  Seems to me (in the spirit of their past business ethics so far) they're just getting two birds stoned at once. Delivering the illusion of speedy transactions while dumping premined caca coins on the customers.  Doing it your way who's to say they don't send the transaction off to the bots and end up getting a better rate than what they gave the premine to you for. Do they pass that on to you or does it go in Kim Josh Uns coffers leaves it open to all kinds of manipulation with the odds in favor of the house.

[Paul Revere]

Hmmm. So your saying if I am selling pieces of toilet paper for $4.40 it makes more sense to take one off the roll I got for free instead of buying a piece of toilet paper for $4 and then reselling it for $4.40 . Quicker delivery time even!  I think I am getting a handle on this sales stuff, very fascinating.

What is your take, Daffy? Please explain sales to me again, you know, the part about why someone would pay for a product they are selling when they have an endless supply for free.

[cryptofunk]

What I don't understand from the analysis is the fact that it is so deep yet we say it is from the premine.  The only way this would be daming is if we could prove it hasn't been in anyone's possession between origination and the final wallet.

Considering %95 of the coins originate from premine, 40% of which were distributed to users and roughly another 500K POW coins it only make sense that the vast majority of transaction go back to a premine address.

With the number of hops in the transaction analysis chain, how do we go about knowing that GAW owned the "hops addresses" in the middle?  That it isn't me getting my ICO, using bitcoin and transfering it back to Paybase?

Yes, 12,000,000 of the 12,343,000ish original coins were premined, which comes to ~97% by the way.

This means that you have to follow the transactions and how each transaction plays out.  When every single transaction that disperses XPY ends with the change being sent to a new address you develop a pattern.  When you apply said pattern to the rest of the excavation you develop an understanding on how GAW's scripts are using their wallets.

Take out every stake and you're left with what?

* Big snip *

You're left with just a pattern of dispersal from block #1... the pre-mined coins.

I realize that 97% are premine, that's my whole point.

So we assume ownership based on the distribution pattern? 

Just playing devil's advocate, if I was going to use the wallet with the coin control features active and not use a change address, wouldn't all my transaction reflect the same exact pattern?  I do these kinds of things all the time with Armory, sometime I keep the change in an address I own sometime I get the change to go into a new address.  I have monthly recurrent bills I pay in BTC, each bills I pay with their own sending address that have enough balance to cover the bill for a long time.. I always get the change back into that same senders address to avoid having to mix my coins all the time, that address is linked to that bill an no other address in my wallet. 
I do agree that it looks like what you are saying, I just want to make sure that it is valid.

[wdl1908]

Hmmm. So your saying if I am selling pieces of toilet paper for $4.40 it makes more sense to take one off the roll I got for free instead of buying a piece of toilet paper for $4 and then reselling it for $4.40 . Quicker delivery time even!  I think I am getting a handle on this sales stuff, very fascinating.

What is your take, Daffy? Please explain sales to me again, you know, the part about why someone would pay for a product they are selling when they have an endless supply for free.

I was talking about the sale that vance tracked on the blockchain nothing else.

And the other explanation I said it was farfetched didn't I.

[eightcylinders]

Hmmm. So your saying if I am selling pieces of toilet paper for $4.40 it makes more sense to take one off the roll I got for free instead of buying a piece of toilet paper for $4 and then reselling it for $4.40 . Quicker delivery time even!  I think I am getting a handle on this sales stuff, very fascinating.

What is your take, Daffy? Please explain sales to me again, you know, the part about why someone would pay for a product they are selling when they have an endless supply for free.

The answer should be that GAW isn't supposed to have ANY premined coins.  If they do (other than through purchasing them on the market, or mining them after the 12,000,000 block), then Josh lied straight up.  See my post 20 minutes ago where Josh clearly stated that out of the 12,000,000 block zero coins, 60% went to customers (for hashpoints) and 40% to investors...  and that GAW would mine the coins for the Paybase reserve out of the 500,000 PoW coins. 

LOL

Re the argument on the TOS on Paybase, that is a red herring.  If you purchase a coin on Paybase, you might be bound by that.  But, folks who bought coins in the ICO and/or bought haslets in order to "mine" hashpoints to convert into XPY later were relying on representations made by GAW about there being no premining.  If those representations were not true, it was a misrepresentation and is actionable.

Period.

Of course, Daffy is ignoring the lie (and appears to admit that Josh probably lied).  Shocker.

[jbreher]

Isn't it a better financial decision to give the "dumpers" $4/$5/$10 per coin than the $20 that they claim they are going to do?

It would be better, if indeed what they claim is what they intend. Protip: Ponzi scammers claim all sorts of things that they have no intention of doing.

If  Ponzi scammer knows his time as such is limited, isn't it a better financial decision to sell his 12,000,000 large pile of worthless drek for whatever he can get for it, rather than increase it to 12,000,001 units of drek, by paying real money for that unit?

[jbreher]

so josh said buys thru paybase would be from exchanges but there not so where are all these xpy coming from.

He's got a 96% premine, and the authority to move whatever inventory he wants. You really need me to spell this out for you?

[edit - I probably should have caught up with last night's and this morning's progress before posting... carry on]

[Madcotto]

Hi all i kept out of this discussion for months. like some of you i was shadow banned for asking too many questions and i guess upsetting Josh by saying all BMW drivers are dicks, i also posted many reverse image searches on his images which proved they were stolen which is a worrie for a million dollar company.

i finally flipped out and sold 90% of my holdings as everything i read sounded like my ex misses excuse for f*cking other guys,  well by this time id gone manic (im schizoaffective) and as soon as i got the money out i gambled it all away,  no falt here but my own but it was Joshes lies that got me into the position of putting all that money on a credit card and into crypto.

to me the Scam was get a massive customer base with great mining payouts which it did (but bassed on nothing).  to then change them payouts for HashPoints for a coin that iver could or could not work.  This was his Prime plan all along.  Its a no loss for josh and he wins

im not the biggest fool and i got out early and im a evil dumper that dumped my XPY at almost first chance to pay my next credit card bill, sadly not all of it.

Josh ik you have no heart but you almost killed me (i took a overdose while manic at the loss and shame i had been involved in this)  But pls end this scam now, its over it dident work, you still win you just not going to be a billionaire ffs how much is enough.

[bananafana]

See my post 20 minutes ago where Josh clearly stated that out of the 12,000,000 block zero coins, 60% went to customers (for hashpoints) and 40% to investors...

Is that plausible? That would be 7.2 million XPY to customers for hashpoints.

They were talking about 400 hashpoints per XPY. So that's 2.88 billion-with-a-b hashpoints!
http://gawminers.eu/news/hashcoin-ico-customer-round-qa-transcript-yesterday-evening/
[By the way, there's some good stuff in that link. I'll come back to it.]

I first heard about XPY when it was Hashcoin, and it sounded like not just a scam but an audacious scam so I kept an eye on it. But I don't know a lot of the GAW details. What I remember about hashpoints is people on HT talking about picking up only small numbers of Hashcoins that way. The big investors boasted about having tens of thousands of hashpoints. In this thread: https://hashtalk.org/topic/15040/how-much-could-your-hp-be-worth-after-the-ico/8
(comment number eight, upvoted by GAWCEO) someone estimates that the "champions" have around 4 million hash points total. (He's arguing that because there are so few hashpoints, then based on the projected market cap each hashpoint should be worth closer to a dollar than a penny.)

So is it even plausible that 60% of the premine went to customers for hashpoints?

[strangerdanger101]

See my post 20 minutes ago where Josh clearly stated that out of the 12,000,000 block zero coins, 60% went to customers (for hashpoints) and 40% to investors...

Is that plausible? That would be 7.2 million XPY to customers for hashpoints.

They were talking about 400 hashpoints per XPY. So that's 2.88 billion-with-a-b hashpoints!
http://gawminers.eu/news/hashcoin-ico-customer-round-qa-transcript-yesterday-evening/
[By the way, there's some good stuff in that link. I'll come back to it.]

I first heard about XPY when it was Hashcoin, and it sounded like not just a scam but an audacious scam so I kept an eye on it. But I don't know a lot of the GAW details. What I remember about hashpoints is people on HT talking about picking up only small numbers of Hashcoins that way. The big investors boasted about having tens of thousands of hashpoints. In this thread: https://hashtalk.org/topic/15040/how-much-could-your-hp-be-worth-after-the-ico/8
(comment number eight, upvoted by GAWCEO) someone estimates that the "champions" have around 4 million hash points total. (He's arguing that because there are so few hashpoints, then based on the projected market cap each hashpoint should be worth closer to a dollar than a penny.)

So is it even plausible that 60% of the premine went to customers for hashpoints?

From when it was still code named Hashcoin.



The clipping is from an old but interesting article (more of a warning).

https://ounce.me/blog/is-gaw-miners-on-the-brink-of-going-full-ponzi/

[coinmaster222]

Going to rename HT Jonestown and the Peoples Temple

[suchmoon]

So is it even plausible that 60% of the premine went to customers for hashpoints?

That was already dissected by jimmothy eons ago:

https://bitcointalk.org/index.php?topic=857670.msg9833591#msg9833591

tl;dr: Absurd.

On the other hand, it's quite possible we misunderstood the complex math behind "About 60% of the 12 million coins are going to customers, 40% are going to investors."

Even if it's not an outright lie, it could mean 55% to customers, 35% to investors, 10% - some pocket change to GAW, brokerage fee for the ICO perhaps. Of course many other scenarios are possible. The mysterious investors could include Paybase LLC for example.

Here is another thing. 40% of 12 million is 4.8 million. Prime controllers need to hold 6+ million. If investors (i.e. Prime Controller owners) got only 4.8 million, who and how filled the remaining 1.2 million?

[bananafana]

http://gawminers.eu/news/hashcoin-ico-customer-round-qa-transcript-yesterday-evening/
"Hashcoin ICO Customer Round Q&A Transcript from Yesterday Evening"

I highlighted some things that stand out to me, below. Probably nothing new. A few broken promises (identities of analysts and banks that set the $20 price expectation were to be released, for example). Claims about partnerships.

I'm probably missing something but it looks like the $20 estimate (allegedly from banks and analysts, not just pulled out of Josh's ass!) was based on an assumption of 250 million coins total. So the number of coins changed to 12.5 million, but the $20 per coin estimate wasn't affected?

Q & A:

Does this mean that although we can buy the coin at around $4.00, if it is actually worth at least $20.00?

Answer: Yes, Josh stated that the coin will be $4.00 or less for the miners to purchase using their Hashpoints.The analysts and banks have stated that they have determined the coin will be “at least” $20.00 per coin, once it is released for sale to the public.

Clarification (Allen): This is just like an Initial Stock Placement Offer (IPO), to investors and the public, of a corporation’s first issuance stock on the NASDAQ, NYSE, Euronet, CAC 40 and DAX. A company decides to raise a specific amount of money to expand their operations, so they go through a process with investment bankers to secure the needed amount of money. The investment bank analysts probe the would-be investors to get an impression of what value they place on the stock, or in this case, a coin. This will change as the offering date approaches, sometimes higher or sometimes lower. They will know best a day or two before this ICO for the coin. Currently, GAW is being given data to indicate that the coin will go for “at minimum” $20.00 each to investors who have already shown interest to “buy in.”

I am basically curious how you guarantee this $20.00 price. Why $20.00 and $4.00 valuations?

Answer-1: $20.00 is not guaranteed, it is the minimum price that outside investors have agreed they would be willing to pay to invest in the coin. It is highly likely the coins market value, at sale time, will be higher than the $20.00 price. As the ICO date approaches, more valuations will be determined from further probing of the interested investor market.

Answer-2 (Allen): All of the ICO coins are apportioned based on the current investors’ and banks’ percentage of involvement up to this point. The remaining share of the ICO coins belong to GAW (and entities). This is a funding coin for GAW’s business expansion projects as well. All involved entities have decided on the percentage of the ICO that will be sold to the miners. Any miner with Hashpoints will be able to purchase the coin with their Hashpoints.

Can you release the names of the analysts and banking partners involved?

Answer: The identities of both the analysts and banks will be released once the ICO has completed and the merchant marketplace established in the near future.

What is the roadmap on documentation for the API/protocol, so web developers, like me, can integrate the coin payment acceptance into our websites?

Answer: We are already partnered with some of the largest merchant payment collectors. The project will also be open-source.

A week or so ago, you said that the market cap is going to be 250 million. Does this mean the total number of coins or does this mean something else?

Answer-1: It will be much higher now.

Answer-2 (Allen): “Market Cap” refers to “Market Capitalization” in the financial world. One takes the number of corporate shares outstanding, multiply those by the current market price, which will then equal the total market value of all outstanding shares of the company. For this coin, the application will be the same, so it is not “numbers of coins,” but rather the entire expected market value of the coins. Josh has indicated this to be the case, because he has stated that the expected market cap is much higher now, meaning that the new expected “value” of the coin has increased above the earliest estimates from a few weeks ago. Although I have no direct confirmation, one can make a deduction that there will be a maximum of 250 million “coins” to be mined, forever. Initially, the calculation for “market cap” was probably being “conservatively” based on a $1.00 per coin rate, hence his original statement that it would be a minimum of $250 million. Now that the expected price on the market has changed, the total mine of the coin (total to be mined) will be in excess of $5 billion ($20.00 x 250 million coins to be mined), at the time of the initial coin offering.