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Author Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)  (Read 3324429 times)
Phildo
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January 12, 2015, 01:36:05 PM
 #15601

The one thing everyone should be asking is why is paybase still selling for <$4? Every coin being sold is a liability.

(Even on dishonest models for gaw it doesn't make sense. Why don't they run now?)

Why run when people will hand them $4 for a coin today?

When are people going to see the light. Every single thing they have done is "give me cash/btc today and I will give you more cash on a later date" and that later date NEVER comes.
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
r00tdude
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January 12, 2015, 02:07:37 PM
 #15602

"We are building our cash reserves", apparently.

So what happened to the $100,000,000 fiat reserve that was fully one third of the amount raised from the investors, 1/3 of which was to go to the "coin adoption fund" 1/3 of which was to go to "at cost miners", which are no longer needed, with the final 1/3 being the reserve?

What happened to the "there are over 100,000 merchants" that would be ready to accept this coin at launch, presumably via gocoin?

Why is it one of the most knowledgeable members of HT got shadow banned for doing what he does best and providing some working numbers?

Not especially enthused by these announcements, tbh.



That member you speak of, Allen1980s is one of the sole members of HT that has the kind of deep financial background to present real working numbers and have them actually mean something. Yes, the fact that he was shadownbanned should mean something important to the rest of the HT community.

Bitrated user: r00tdude.
WaffleMaster
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January 12, 2015, 02:10:27 PM
 #15603

That member you speak of, Allen1980s is one of the sole members of HT that has the kind of deep financial background to present real working numbers and have them actually mean something. Yes, the fact that he was shadownbanned should mean something important to the rest of the HT community.
Damn. Shit just got real.
MinermanNC
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January 12, 2015, 02:18:35 PM
 #15604

Price is soaring on bittrex can ya believe it,,, I just wish I had bought up some yesterday at .011 and selling it today to the suckers buying in at .021 and up lol oh well.... really don't want any part of it  Wink I'm am sure the peak is coming then massive dump AGAIN

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
klintay
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January 12, 2015, 02:29:36 PM
 #15605

Price is soaring on bittrex can ya believe it,,, I just wish I had bought up some yesterday at .011 and selling it today to the suckers buying in at .021 and up lol oh well.... really don't want any part of it  Wink I'm am sure the peak is coming then massive dump AGAIN

Yep I actually thought about that yesterday too...but then thought 0.011 was too expensive for this shit coin. heck 0.000001 is too expensive...so people going to be butt hurt before this week is finished.

EYE




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bitpop
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January 12, 2015, 02:31:33 PM
 #15606

The smart guys seem to be trading it but Homero can dump any second. The faithful are about to lose even more. This never ends with cantor Fitzgerald scam.

BitJane please edit,
Homero
josg21149

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MinermanNC
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January 12, 2015, 02:44:25 PM
 #15607

Appears to have already peaked....  Shocked

Time for another announcement from josh

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
yuzki
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January 12, 2015, 02:47:26 PM
 #15608

http://i.imgur.com/i0uRkKN.jpg
vabchgent
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January 12, 2015, 02:57:35 PM
 #15609



The funny thing is GAW was a BTC Forum Denizen at one time - This is where I found them and many others too - How soon they forget


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MinermanNC
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January 12, 2015, 02:58:31 PM
 #15610


Anyone have a copy of what allen1980 posted last night in regards to the INCOMMING announcement? would be interesting to read.... what got him banned?

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
Lukey_P
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January 12, 2015, 02:59:56 PM
 #15611

@Allen1980s said:

It is also a step-by-step process that will be independent, secure and consistent (in terms of monthly disbursements).

Though the marketplace controls the price of any coin, and because of our pledge to users of Paycoin™ about the $20 figure, The Paycoin™ Honor Program reconciles any price discrepancies; it restores the $20 valuation.

PayBase will offer a Repurchase Agreement to the general public for 30 days, which will establish a contractual arrangement between PayBase™ and any Paycoin™ holder (Seller), whereby the Seller agrees to sell Paycoin™ to PayBase™ at $20.00 USD per Paycoin™.

• 30-day Signup: Coin-Holders will have 30 days to enroll in The Paycoin™ Honor Program. This period will start on February 1st and end on March 2nd.

• Paycoin™ Will Be in a Secure Third-Party Vault: As part of The Paycoin™ Honor Program, we will have an exclusive – and secure – vault to house Paycoin™. In the interest of transparency, a separate entity unaffiliated with either PayBase™ and/or GAW will manage this vault.

• $20 USD Payment in Bitcoin at the USD Rate of Exchange, Upon Commencement of The Paycoin™ Honor Program: Repurchases of Paycoin™ will yield a payment of $20 USD, in Bitcoin, at the USD rate of exchange for each monthly disbursement during The Paycoin™ Honor Program.

• Monthly Repurchase Disbursements: 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. We reserve the right to increase these payments, to make all disbursements as quickly as possible.

Question 1: You are saying that a third party will be "holding" our Paycoins, which must be "surrendered" at the time we agree to sell said Paycoins?

Question 2: This agreement will not cover those Paycoins, having been staked for the past 21 days, since they cannot be removed from the Staker wallets?

Question 3: The daily Staker yield will not be able to be added to those coins initially surrendered? This is a one transaction exchange?

Question 4: You will not be paying, in full, the value of $20.00 per surrendered coin, but will be taking the entire number of customer surrendered coins and "buying down the liability" over the course of years, and at a buyout rate of a minimum of $100,000 per month?

Question 5: Will a surety bond be purchased to ensure the solvency of this program of Paybase/GAW, as well as the $20.00 value of the vaulted coins should GAW/Paybase become insolvent?

Analysis:

This means that if the vast majority of people here decide to sell at the $20.00 price, and the amount of coins to be sold is 1 million, the following:

1 million XPY x $20.00 = $20 million

$20 million divided by $100,000 per month = 200 months or 16.7 "YEARS"

No interest on the held coins. The last XPY coin is to be mined at the end of the 15th year.

Not only do you probably have no access to the surrendered coins, but you may not see dime one for years, unless this "Official Post" on a "blog" is also misrepresenting intentions. In this case I hope so. This is exactly like the MultiHashlet miners that make 0.000000001 in profits each day, as follows:

Hypothetical Case:

1 million XPY
667 Accounts
1,499.25 XPY per account

$20 million total value
$100,000 per month repurchase
200 Months

1,499.25 XPY divided by 200 months = 7.50 XPY per month or $150.00 per month in repurchased coins per account.

Moreover, they are asking all involved in this program to further assume additional "business risk," because GAW may not even be around after 2015, at least not in this capacity.

Basically, if all that I have interpreted is correct, they have just insulted our intelligence.
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January 12, 2015, 03:00:17 PM
 #15612

Anyone have a copy of what allen1980 posted last night in regards to the INCOMMING announcement? would be interesting to read.... what got him banned?

This is what he posted:

It is also a step-by-step process that will be independent, secure and consistent (in terms of monthly disbursements).
Though the marketplace controls the price of any coin, and because of our pledge to users of Paycoin™ about the $20 figure, The Paycoin™ Honor Program reconciles any price discrepancies; it restores the $20 valuation.
PayBase will offer a Repurchase Agreement to the general public for 30 days, which will establish a contractual arrangement between PayBase™ and any Paycoin™ holder (Seller), whereby the Seller agrees to sell Paycoin™ to PayBase™ at $20.00 USD per Paycoin™.
________________________________________
• 30-day Signup: Coin-Holders will have 30 days to enroll in The Paycoin™ Honor Program. This period will start on February 1st and end on March 2nd.
________________________________________
• Paycoin™ Will Be in a Secure Third-Party Vault: As part of The Paycoin™ Honor Program, we will have an exclusive – and secure – vault to house Paycoin™. In the interest of transparency, a separate entity unaffiliated with either PayBase™ and/or GAW will manage this vault.
________________________________________
• $20 USD Payment in Bitcoin at the USD Rate of Exchange, Upon Commencement of The Paycoin™ Honor Program: Repurchases of Paycoin™ will yield a payment of $20 USD, in Bitcoin, at the USD rate of exchange for each monthly disbursement during The Paycoin™ Honor Program.
________________________________________
• Monthly Repurchase Disbursements: 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. We reserve the right to increase these payments, to make all disbursements as quickly as possible.
________________________________________
Question 1: You are saying that a third party will be "holding" our Paycoins, which must be "surrendered" at the time we agree to sell said Paycoins?
Question 2: This agreement will not cover those Paycoins, having been staked for the past 21 days, since they cannot be removed from the Staker wallets?
Question 3: The daily Staker yield will not be able to be added to those coins initially surrendered? This is a one transaction exchange?
Question 4: You will not be paying, in full, the value of $20.00 per surrendered coin, but will be taking the entire number of customer surrendered coins and "buying down the liability" over the course of years, and at a buyout rate of a minimum of $100,000 per month?
Question 5: Will a surety bond be purchased to ensure the solvency of this program of Paybase/GAW, as well as the $20.00 value of the vaulted coins should GAW/Paybase become insolvent?
________________________________________
Analysis:
This means that if the vast majority of people here decide to sell at the $20.00 price, and the amount of coins to be sold is 1 million, the following:
1 million XPY x $20.00 = $20 million
$20 million divided by $100,000 per month = 200 months or 16.7 "YEARS"
No interest on the held coins. The last XPY coin is to be mined at the end of the 15th year.
Not only do you probably have no access to the surrendered coins, but you may not see dime one for years, unless this "Official Post" on a "blog" is also misrepresenting intentions. In this case I hope so. This is exactly like the MultiHashlet miners that make 0.000000001 in profits each day, as follows:
________________________________________
Hypothetical Case:
1 million XPY
667 Accounts
1,499.25 XPY per account
$20 million total value
$100,000 per month repurchase
200 Months
1,499.25 XPY divided by 200 months = 7.50 XPY per month or $150.00 per month in repurchased coins per account.
________________________________________
Moreover, they are asking all involved in this program to further assume additional "business risk," because GAW may not even be around after 2015, at least not in this capacity.
Basically, if all that I have interpreted is correct, they have just insulted our intelligence.

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January 12, 2015, 03:01:26 PM
 #15613

Nobody yet has really discussed the potential opportunity for Gaw to corner the XPY market - if they buy up the small amount in free float (since the vast majority they already own via pre-mine a.k.a. staking payout reserve fund), well then they CAN manipulate the price upward.


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Phildo
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January 12, 2015, 03:06:36 PM
 #15614

Nobody yet has really discussed the potential opportunity for Gaw to corner the XPY market - if they buy up the small amount in free float (since the vast majority they already own via pre-mine a.k.a. staking payout reserve fund), well then they CAN manipulate the price upward.


And what would be the point of that? If they have all of them what will they use them for?
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January 12, 2015, 03:19:22 PM
 #15615

Nobody yet has really discussed the potential opportunity for Gaw to corner the XPY market - if they buy up the small amount in free float (since the vast majority they already own via pre-mine a.k.a. staking payout reserve fund), well then they CAN manipulate the price upward.


And what would be the point of that? If they have all of them what will they use them for?

To keep suckers buying in at a high rate and pissing out some of their endless supply of XPY little by little.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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January 12, 2015, 03:24:10 PM
 #15616

GAW is a ponzi scheme and it will fall very very soon ! Take your money back as soon as you can.
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January 12, 2015, 03:28:05 PM
 #15617

I was a homero loving worshiper but now realized all this BS...

A little late for me it seems.  I opened disputes on all credit card charges for when I bought those hashtakers at opening price and paycoins at 20$ a pop.

Is there anything else I can do to get my money back or am I fucked?
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January 12, 2015, 03:29:35 PM
 #15618

Bagholders have a great 50% rise to get out.  Flush the turd before it flushes you.
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January 12, 2015, 03:30:13 PM
 #15619

I see we're entering another hype cycle, good to see everything going according to plan.  With this new buyback scheme (seeing as he doesn't have to buyback hashlets anymore) we have some of the heat off for Friday but still plenty of time to reveal new conditions and backpedal, a little wiggle room if you will.  The GAWdrones won't dump their XPY they gonna save it to give back to Josh so they can get it back a little bit at a time, sounds familiar. Endless entertainment.  GAWsome!


What has it got in its pocketses precious? BTC: 1KctJNLwzFK8qJPsSwDrQRNxxKnVCrZm93
inBitweTrust
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January 12, 2015, 03:30:17 PM
 #15620

I was a homero loving worshiper but now realized all this BS...

A little late for me it seems.  I opened disputes on all credit card charges for when I bought those hashtakers at opening price and paycoins at 20$ a pop.

Is there anything else I can do to get my money back or am I fucked?

Sorry for your loss. There may be some lawsuits headed GAW's way but they are determined on slowing that down with creative programs to confuse the supporters.

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