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

[ikeboy]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

 A minimum of $100,000 in payments from the Company to Sellers will be made on the first of each month, until each repurchased Paycoin™ has been redeemed and each Seller has been paid for Paycoin™ he or she has sold.

So 1000 months to uphold $100,000,000. Hm.

[suchmoon]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

tldr: They'll take your XPY and maybe pay back $20 over time. $100k a month - even if it's true - will take a couple hundred years to pay back all Hashpoint miners. If I'm reading this right the hope is that it would take some XPY off the market and help the exchange rate that way.

[WaffleMaster]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

What a joke. Weeklyponzi anybody?

tldr: They'll take your XPY and maybe pay back $20 over time. $100k a month - even if it's true - will take a couple hundred years to pay back all Hashpoint miners. If I'm reading this right the hope is that it would take some XPY off the market and help the exchange rate that way.

So, let's say they take in 1 million XPY. At $20 each, that will take 200 months to satisfy. Does anybody believe these jokers will be around even close to that long? That's about 8% of the coins too or something. All they're trying to do is alleviate some selling pressure by locking more of the people's coins up with a promise that 5 years from now you get $20 for each coin, if you're lucky. Apparently people aren't jumping up and down to pay for staking wallets that lock the coins up 3 months to 6 months, so now they have to get even more bold.

[suchmoon]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

What a joke. Weeklyponzi anybody?

More like a 100-year ponzi. There is one good thing in all of this - it confirms that GAW has no cash, certainly not in the millions claimed earlier (edit - the good thing is the confirmation of this suspicion, not the actual lack of funds). They are probably hoping to get 100k by March via Antminer sales and perhaps will introduce some new "datacenter optimized" widgets.

It's not clear what would happen with the coins locked into the HashStakers, those won't open by March 2nd.

[ikeboy]

So what price should we cash xpy out on?

[T0urist]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

What a joke. Weeklyponzi anybody?

tldr: They'll take your XPY and maybe pay back $20 over time. $100k a month - even if it's true - will take a couple hundred years to pay back all Hashpoint miners. If I'm reading this right the hope is that it would take some XPY off the market and help the exchange rate that way.

So, let's say they take in 1 million XPY. At $20 each, that will take 200 months to satisfy. Does anybody believe these jokers will be around even close to that long? That's about 8% of the coins too or something. All they're trying to do is alleviate some selling pressure by locking more of the people's coins up with a promise that 5 years from now you get $20 for each coin, if you're lucky. Apparently people aren't jumping up and down to pay for staking wallets that lock the coins up 3 months to 6 months, so now they have to get even more bold.

why would they even try a buy back? maybe its a cover fake trans buy their own but a public image thing to raise price and drain more cash? or is this to stave off current regulatory bodies after them? strange indeed.....

Last edited by BitJane

[ZiG]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

I smell a lawyer's talk & action(s) ...Do you ...

First move to avoid bankruptcy and jail...

ZiG

[WaffleMaster]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

What a joke. Weeklyponzi anybody?

More like a 100-year ponzi. There is one good thing in all of this - it confirms that GAW has no cash, certainly not in the millions claimed earlier (edit - the good thing is the confirmation of this suspicion, not the actual lack of funds). They are probably hoping to get 100k by March via Antminer sales and perhaps will introduce some new "datacenter optimized" widgets.

It's not clear what would happen with the coins locked into the HashStakers, those won't open by March 2nd.

Well, I guess a ponzi that promises you $20 for every coin in 5+ years is better than 30% in a week. Seems like it would be easier to manage, and with all those coins locked up forever, they probably can manipulate the market so more people will have buy walls for them to dump into, thus sustaining the ponzi pretty nicely. All in theory. It seems like GAW gives mentally disabled people a good image.

[interstellar]

So what price should we cash xpy out on?

Yes, this will be easy money for traders. The faithful will buy buy buy this up. There will be plenty of money to be made and this will be a great chance for the smart to exit finally perhaps even with a profit.

Since it's sunday night, we may not see a real move until tomorrow, but I expect it.

[WaffleMaster]

So what price should we cash xpy out on?

Yes, this will be easy money for traders. The faithful will buy buy buy this up. There will be plenty of money to be made and this will be a great chance for the smart to exit finally perhaps even with a profit.

Hopefully. I see it a decent scenario for the bagholders. Hell if they really want to unload their bag, sign up for that shit program to get payed $20 a coin in 10+ years. Seems like they went from




to "We'll buy them from you for $20 if you keep them locked in escrow for the next 5-10 years."

[suchmoon]

And whoever is doing that word salad on Paybase blog has clearly graduated from the same law school as rootdude (or maybe it's rootdude himself). "We" - who's that? "Firmly unambiguous" and yet fail to explain how exactly that $100k would be distributed each month, and surely "additional steps" (KYC anyone?) leaves plenty of wiggle room. Well, at least it's good for another pump. We'll see exactly how much the market "believes" in these promises. Before the original "floor" collapsed XPY was valued at ~$10 IIRC.

[MinermanNC]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

Just when you think you have seen it all lol   I wonder how many Gaw geniuses it took to come up with his new plan? What a crock of shit.  

[rokkyroad]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

I smell a lawyer's talk & action(s) ...Do you ...

First move to avoid bankruptcy and jail...

ZiG

You nailed it.

[ikeboy]

And whoever is doing that word salad on Paybase blog has clearly graduated from the same law school as rootdude (or maybe it's rootdude himself). "We" - who's that? "Firmly unambiguous" and yet fail to explain how exactly that $100k would be distributed each month, and surely "additional steps" (KYC anyone?) leaves plenty of wiggle room. Well, at least it's good for another pump. We'll see exactly how much the market "believes" in these promises. Before the original "floor" collapsed XPY was valued at ~$10 IIRC.

If the price goes to $10 I've got a good profit now after leveraging my credit cards and I might not even have to end up doing any chargebacks (besides for the fee they only told me about afterwards, or course.)

Assuming it gets to $10, should I take my profit and keep the rest for maybe-$20?

[WaffleMaster]

I thought people were idiots to pay GAW to lock your coins up for 3-6 months. If they do this, there really is no hope is there lol. Not to mention GAW can prioritize any account they want (Craig, please don't take us to court we're making a special rule for you. I know it will take us a year to pay you alone back, but we're trying here. Smooches Craig) to pay back first.

[ikeboy]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

Just when you think you have seen it all lol   I wonder how many Gaw geniuses it took to come up with his new plan? What a crock of shit.  

This is what a lot of people were asking for, no?

[WaffleMaster]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

Just when you think you have seen it all lol   I wonder how many Gaw geniuses it took to come up with his new plan? What a crock of shit.  

This is what a lot of people were asking for, no?

ikeboy, you seriously leveraged your CC's with XPY? Dude, what is your real name. Don't even fuck around anymore. I know you're employed by GAW somehow. Do you think people were asking to lock their coins up in escrow for 10 years to finally get paid back $20 a coin?

[KC6TTR]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

I smell a lawyer's talk & action(s) ...Do you ...

First move to avoid bankruptcy and jail...

ZiG

Yes, the writing is on the wall. As it stands, there is a boatload of liability on Garza/GAW's hands with the proof uncovered thus far. A preemptive "concession" to at least put up the appearance he is trying to make good on his shortcomings is 1. too little too late and 2. not logically obtainable in a reasonable amount of time on a business level.

In my opinion, he is just trying to lock up more of the very very small volume actually being traded in order to have more control over the small amount that is effectively controlling the market value. After all, he cannot openly or covertly use the pre-mined coins without additional red flags now that it has been suggested PayBase coins are being sold that way and he has already been caught "testing" 350% nodes so he cannot use that revenue stream. This would be the next option...if he can sell it and get the uneducated to fall for it.

Scott-

[suchmoon]

KYC anyone?

Ha ha, I guess I should have read the thread...

@jmordica You will be able to "Opt-in" after being verified.

And still can't keep his mouth shut:

@GAWCEO Merchant API are scheduled for this week :grinning:

[WaffleMaster]

Gaw released an announcement about a $20 paycoin honor program:

http://blog.paybase.com/paybase-honors-20-paycoin/

I smell a lawyer's talk & action(s) ...Do you ...

First move to avoid bankruptcy and jail...

ZiG

Yes, the writing is on the wall. As it stands, there is a boatload of liability on Garza/GAW's hands with the proof uncovered thus far. A preemptive "concession" to at least put up the appearance he is trying to make good on his shortcomings is 1. too little too late and 2. not logically obtainable in a reasonable amount of time on a business level.

In my opinion, he is just trying to lock up more of the very very small volume actually being traded in order to have more control over the small amount that is effectively controlling the market value. After all, he cannot openly or covertly use the pre-mined coins without additional red flags now that it has been suggested PayBased coins are being sold that way and he has already been caught "testing" 350% nodes so he cannot use that revenue stream. This would be the next option...if he can sell it and get the uneducated to fall for it.

Scott-

You can actually sense the fear from them in that article. Deleting all their evidence, saying there wasn't a $20 floor promise, and now issuing this? They are trying so hard to fool people and snake their way out of their legal problems that are arising, but it is as you said too little too late.