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

[ikeboy]

Don't say that anyone deserves to lose their money.

GAW - debatable, there is a gray area there with the deceptive marketing and what not.

Weekly ponzi - absolutely yes, even the name implies you'll lose money, so how can it not be deserved?

I was going to add a disclaimer for things like cryptodouble and weeklyponzi but was lazy.

Anyway, is someone who invests with gaw with the purpose of suing afterward really blameworthy in a "you deserve to lose money" sense?

Yes because that's stupider than investing in GAW because you believe in it. Just hold your money, why give it to a crook so you can work and spend money to get it back?

Higher returns.

Anyway, I've been shadowbanned finally https://hashtalk.org/user/ikeboy

Update: asked moderators and got unbanned.

[suchmoon]

Anyway, is someone who invests with gaw with the purpose of suing afterward really blameworthy in a "you deserve to lose money" sense?

Why invest with the purpose of suing? Just don't invest. Don't risk your money and don't give them even the slightest chance to gain anything.

Higher returns.

Anyway, I've been shadowbanned finally https://hashtalk.org/user/ikeboy

How can you expect higher returns by suing? That by itself sounds shady. The best you should hope from a lawsuit is your damages minus legal expenses, and your damages are not $20 per coin. Which is a moot point anyway because even if you win it also depends on GAW actually being able to pay up.

Congrats

[Phildo]

Don't say that anyone deserves to lose their money.

GAW - debatable, there is a gray area there with the deceptive marketing and what not.

Weekly ponzi - absolutely yes, even the name implies you'll lose money, so how can it not be deserved?

I was going to add a disclaimer for things like cryptodouble and weeklyponzi but was lazy.

Anyway, is someone who invests with gaw with the purpose of suing afterward really blameworthy in a "you deserve to lose money" sense?

Yes because that's stupider than investing in GAW because you believe in it. Just hold your money, why give it to a crook so you can work and spend money to get it back?

Higher returns.

Anyway, I've been shadowbanned finally https://hashtalk.org/user/ikeboy

How are you going to get higher returns by suing? The only returns would be your money or some other victim's money, there is no legit plan to make money. Some of your money will go to paying their lawyers, you will need to fork out more of your money to pay lawyers. If their layers and layers of bullshit don't insulate them and you win the lawsuit, there will be less money to collect. Just keep your cash and your coins and watch the world burn.

[ikeboy]

Anyway, is someone who invests with gaw with the purpose of suing afterward really blameworthy in a "you deserve to lose money" sense?

Why invest with the purpose of suing? Just don't invest. Don't risk your money and don't give them even the slightest chance to gain anything.

Higher returns.

Anyway, I've been shadowbanned finally https://hashtalk.org/user/ikeboy

How can you expect higher returns by suing? That by itself sounds shady. The best you should hope from a lawsuit is your damages minus legal expenses, and your damages are not $20 per coin. Which is a moot point anyway because even if you win it also depends on GAW actually being able to pay up.

Congrats

http://legal-dictionary.thefreedictionary.com/Promissory+Estoppel

"In a majority of cases, however, injustice is avoided by awarding the plaintiff an amount consistent with the value of the promise. Other cases avoid injustice by awarding the plaintiff only an amount necessary to compensate her for the economic detriment actually suffered."

So there's a good chance of getting the full $20 out of them.

[puwaha]

That is how you can be the 3rd party escrow and participant at the same time.

"third-party" implies that it's not one of the parties participating in the transaction, so no, you can't.

It was a joke... a lame attempt at one... but a joke nonetheless.

[jfabritz]

Dude should just learn to keep his mouth shut when he's ahead.. It stinks so bad when he opens it that it draws the flies.

Sometimes I wonder if HE even understands fully what is coming out of his own mouth and the ramifications.

Unreal...

Scott-

Scott what really amazes me is that someone this stupid can get 2 ferraris. i mean smarter people work their life to get that. im perplexed that a complete deadshit can get ahead like this even if for a short time. how did this ever happen? surely previous angel investors etc realused this guy was a retard right? how did he get his start?

You don't have to be a rocket scientist to sell wireless internet to a captive audience. Slap some networking boxes together, work a deal out for a terrestrial link or microwave relay, overpromise and underdeliver - badda bing badda boom! Dollars in your pocket.

[galdur]

The market reads this perfectly. There is no incentive to bid the coin up.

The lower the price the greater the return of those turning in their coins.

[ikeboy]

The market reads this perfectly. There is no incentive to bid the coin up.

The lower the price the greater the return of those turning in their coins.

What? If people believe gaw will go through with this, they should be willing to pay a high price for the coin now. Wishing the price was lower does not mean you won't do something that makes it higher. Am I misunderstanding you?

[JoostB]

Long article about GAW and Paycoin.

http://coinbrief.net/paycoin-succeeding-dangerous/

[galdur]

The market reads this perfectly. There is no incentive to bid the coin up.

The lower the price the greater the return of those turning in their coins.

What? If people believe gaw will go through with this, they should be willing to pay a high price for the coin now. Wishing the price was lower does not mean you won't do something that makes it higher. Am I misunderstanding you?

Fixed dollar amount, fixed number of coins to redeem/month , more or less fixed float to turn in.

You want the maximum number of coins at the lowest price possible for your maximum share of the monthly payout pool.

[Mr Felt]

Anyway, is someone who invests with gaw with the purpose of suing afterward really blameworthy in a "you deserve to lose money" sense?

Why invest with the purpose of suing? Just don't invest. Don't risk your money and don't give them even the slightest chance to gain anything.

Higher returns.

Anyway, I've been shadowbanned finally https://hashtalk.org/user/ikeboy

How can you expect higher returns by suing? That by itself sounds shady. The best you should hope from a lawsuit is your damages minus legal expenses, and your damages are not $20 per coin. Which is a moot point anyway because even if you win it also depends on GAW actually being able to pay up.

Congrats

http://legal-dictionary.thefreedictionary.com/Promissory+Estoppel

"In a majority of cases, however, injustice is avoided by awarding the plaintiff an amount consistent with the value of the promise. Other cases avoid injustice by awarding the plaintiff only an amount necessary to compensate her for the economic detriment actually suffered."

So there's a good chance of getting the full $20 out of them.

That quote is about recovery.  It also doesn't account for affirmative defenses, like: failure to mitigate damages, accord & satisfaction, waiver, estoppel, etc. Its never black and white.  Typically, the easy cases settle - its often the hard and murky cases where both sides think they're going to win that a court/jury has to make a decision.  

[Phildo]

Anyway, is someone who invests with gaw with the purpose of suing afterward really blameworthy in a "you deserve to lose money" sense?

Why invest with the purpose of suing? Just don't invest. Don't risk your money and don't give them even the slightest chance to gain anything.

Higher returns.

Anyway, I've been shadowbanned finally https://hashtalk.org/user/ikeboy

How can you expect higher returns by suing? That by itself sounds shady. The best you should hope from a lawsuit is your damages minus legal expenses, and your damages are not $20 per coin. Which is a moot point anyway because even if you win it also depends on GAW actually being able to pay up.

Congrats

http://legal-dictionary.thefreedictionary.com/Promissory+Estoppel

"In a majority of cases, however, injustice is avoided by awarding the plaintiff an amount consistent with the value of the promise. Other cases avoid injustice by awarding the plaintiff only an amount necessary to compensate her for the economic detriment actually suffered."

So there's a good chance of getting the full $20 out of them.

You can't get that which doesn't exist.

[ikeboy]

Anyway, is someone who invests with gaw with the purpose of suing afterward really blameworthy in a "you deserve to lose money" sense?

Why invest with the purpose of suing? Just don't invest. Don't risk your money and don't give them even the slightest chance to gain anything.

Higher returns.

Anyway, I've been shadowbanned finally https://hashtalk.org/user/ikeboy

How can you expect higher returns by suing? That by itself sounds shady. The best you should hope from a lawsuit is your damages minus legal expenses, and your damages are not $20 per coin. Which is a moot point anyway because even if you win it also depends on GAW actually being able to pay up.

Congrats

http://legal-dictionary.thefreedictionary.com/Promissory+Estoppel

"In a majority of cases, however, injustice is avoided by awarding the plaintiff an amount consistent with the value of the promise. Other cases avoid injustice by awarding the plaintiff only an amount necessary to compensate her for the economic detriment actually suffered."

So there's a good chance of getting the full $20 out of them.

You can't get that which doesn't exist.

They must be expecting to make some money out of this, so wherever that money is, I can get if I win. Unless they declare bankruptcy or run, I don't see any other possibilities. (Well, likely ones, anyway.)

[jbreher]

The new agreement states that the owners of the escrowed XPY agree to sell them to GAW at a price of $20 per. However, it does not state that GAW agrees to buy them from the current owners at $20 per.

Surely I'm not the only one that is irked by this funny turn of phrase?

Note also that, if indeed this coin becomes a success (as if, right?), the owners of the escrowed coins agree to sell at $20 even if they are worth thousands.

[KC6TTR]

Anyway, is someone who invests with gaw with the purpose of suing afterward really blameworthy in a "you deserve to lose money" sense?

Why invest with the purpose of suing? Just don't invest. Don't risk your money and don't give them even the slightest chance to gain anything.

Higher returns.

Anyway, I've been shadowbanned finally https://hashtalk.org/user/ikeboy

How can you expect higher returns by suing? That by itself sounds shady. The best you should hope from a lawsuit is your damages minus legal expenses, and your damages are not $20 per coin. Which is a moot point anyway because even if you win it also depends on GAW actually being able to pay up.

Congrats

http://legal-dictionary.thefreedictionary.com/Promissory+Estoppel

"In a majority of cases, however, injustice is avoided by awarding the plaintiff an amount consistent with the value of the promise. Other cases avoid injustice by awarding the plaintiff only an amount necessary to compensate her for the economic detriment actually suffered."

So there's a good chance of getting the full $20 out of them.

No, there is NO chance of achieving what you desire under the pretense of HOW you wish to proceed.

In summary, multiple wrongs do not make a right.

Just like anyone who continues to financially support Garza/GAW *after* being notified casually or officially of the alleged wrongdoing(s) with a reasonable amount of proof to back up the allegations, they can be considered complacent "after the fact" and potentially considered just as liable as co-conspirators to the scheme. Regardless of whether or not you or anyone else believes me, my only suggestion would be to pick a side and stick to it at this point.

Sooner or later, an accountability will be taken of all parties involved.

Scott-

[interstellar]

Hey guys!! Congrats! It looks like we got that Crypto Double site shut down (even if it's only temp). Cloud flare doesn't like protecting ponzis it seems. It least there is hope to put a stop to some scams out there (this gaw one will probably never end tho).

[galdur]

If I were trading this thing, given these conditions for the buy back, I would have no reason to fight other traders for fewer coins at a higher price. Quite the contrary, i would tell them to cool it down and distribute it as low as realistically possible. It would be in noone´s interest to go crazy and load up and drive up the price. Sure, they would get tons of coins and most of the monthly payout but also be stuck with megatons of dead money for years.

[dave01]

Hi ,
I found something
https://www.ziftrcoin.com/
what you think

already covered in this thread... 20 or so pages back

zifter is dutch for fault finder or filter.

[ikeboy]

Anyway, is someone who invests with gaw with the purpose of suing afterward really blameworthy in a "you deserve to lose money" sense?

Why invest with the purpose of suing? Just don't invest. Don't risk your money and don't give them even the slightest chance to gain anything.

Higher returns.

Anyway, I've been shadowbanned finally https://hashtalk.org/user/ikeboy

How can you expect higher returns by suing? That by itself sounds shady. The best you should hope from a lawsuit is your damages minus legal expenses, and your damages are not $20 per coin. Which is a moot point anyway because even if you win it also depends on GAW actually being able to pay up.

Congrats

http://legal-dictionary.thefreedictionary.com/Promissory+Estoppel

"In a majority of cases, however, injustice is avoided by awarding the plaintiff an amount consistent with the value of the promise. Other cases avoid injustice by awarding the plaintiff only an amount necessary to compensate her for the economic detriment actually suffered."

So there's a good chance of getting the full $20 out of them.

No, there is NO chance of achieving what you desire under the pretense of HOW you wish to proceed.

In summary, multiple wrongs do not make a right.

Just like anyone who continues to financially support Garza/GAW *after* being notified casually or officially of the alleged wrongdoing(s) with a reasonable amount of proof to back up the allegations, they can be considered complacent "after the fact" and potentially considered just as liable as co-conspirators to the scheme. Regardless of whether or not you or anyone else believes me, my only suggestion would be to pick a side and stick to it at this point.

Sooner or later, an accountability will be taken of all parties involved.

Scott-

"financially support Garza/GAW *after* being notified casually or officially"

Buying xpy on the open market or from paybase doesn't count as "financially support", and reading a forum doesn't count as official notice.

Why wouldn't gaw be held liable for the full $20 price in a court of law, and if that's the case, then why is it illegal for them not to honor it?

[jfabritz]

@Yuzki: You could choose the portion of investment with the most likely avenue of success and thus be under the threshold. If you have a viable case you can likely find a lawyer who will work for a small down payment and the rest on contingent.

Trouble is that even if he/she wins the case it still needs to be collected and that's a whole other story.

Another potential issue is jurisdiction. GAW's TOS may require to resolve all disputes in CT for example (I can't check now since they've hidden their TOS - another classy move).

If they're suing in small claims it has to be done in the defendant's location, I think. See http://www.jud.ct.gov/faq/smallclaims.html

No. The Connecticut state rules that you linked to actually gives instructions for a CT state resident filing against an out of state business. As usual you do not know what you are talking about even when you link to the document which explains it.  As was mentioned earlier, the real issue is collecting once a judgement has been rendered against an entity in another state.

I'd sell my claim to a collection agency just to be a pain in Josh's ass. The 30%+ fee would be well worth the show.