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

[bitpop]

Paycoin was never crypto, just a centralized token from Homero

[keshuker]

If I was cryptsy id wipe xpy and pretend I never heard of it, their fees are just going to get seized

What is keeping this thing up is what I want to know

I would also like to know this. How is this piece of crap still over $2? When will it be gone?

The thing is, that the amount of coins vs. the amount counted for towards coinmarketcap is two very different things. Also, the market is now very shallow. If you wanted to cash out 1% of coin supply (about 125,000 coins) it would crash to zero.

So generally, the bagholders will rather hold now and hope for a miracle. Every day that goes by, some of those will have enough of it, or need to pay bills and is forced to dump. No new money flowing in, so it will be killed slowly same way as "all" alt-coins.

But yeah, without the hyperhype and some microscopic chance of getting that $20 price, this coin would have never got above $0.01

[LiteCoinGuy]

Coinfire Site Down Due To Stolen Domain, PayCoin Supporters Suspected

http://www.btcfeed.net/news/coinfire-site-down-due-to-stolen-domain-paycoin-supporters-suspected/

[keshuker]

Even those on gethashing forum who claim to have taken the "red pill" seems to think XPY could have a future with different leadership etc. But what they fail to see is that the whole XPY scam was based on letting you buy "coupons" for x$ with the promise of the company buying them back later for y$

So I guess JG went to Mr Fitzgerald and showed him his business plan:

- I will give you xxx amount of coupons if you give me 100m$
- I will then sell more coupons to the public at double price
- Then I will use the 100m$ to buy the coupons back at 5 x higher price
-
- Profit!

GAWSOME !! here take my money asap.

[mcni77]

OK, am I getting this right?
The Gawtards in this post are speculating that the $20 buyback program will take XPY, put it in escrow & pay a minimum of $100,000 per month, which is 5000 coins at $20 each. They are speculating that $100,000 will be paid out amongst participants in the program. So let's say they have millions of coins in escrow, you would get a fraction of a cent per coin, per month? How do they think this is a good thing?
https://hashtalk.org/topic/30054/20-for-xpy/

So is that likely the new GAW scam? Take in a boatload of coins & then pay people fractions of pennies per month, per coin until they are paid off?

If Josh actually goes through with the buyback program (which I think he'll weasle out of), what is a realistic estimate of the amount of coins people here think would be put into escrow?  

[AnimoEsto]

Even those on gethashing forum who claim to have taken the "red pill" seems to think XPY could have a future with different leadership etc.

Not all of us think like that - I certainly don't, I used to early on, but after seeing some chats, etc from various sources, no, theres no way.

The coin has been tainted and there is no way that it can or will survive.

[clownius]

OK, am I getting this right?
The Gawtards in this post are speculating that the $20 buyback program will take XPY, put it in escrow & pay a minimum of $100,000 per month, which is 5000 coins at $20 each. They are speculating that $100,000 will be paid out amongst participants in the program. So let's say they have a million coins in escrow, you would get a fraction of a cent per coin, per month?
https://hashtalk.org/topic/30054/20-for-xpy/

So is that likely the new GAW scam? Take in a boatload of coins & then pay people fractions of pennies per month, per coin until they are paid off?

If Josh actually goes through with the buyback program (which I think he'll weasle out of), what is a realistic estimate of the amount of coins people here think would be put into escrow?  

Your getting it right yeah.

But they are all convinced thats just a minimum $100k per month which has me laughing.

So hes put it off for months, Will be paying cents on the dollar off over an extremely long period while holding all the coins and GAW is unlikely to be around for long enough to ever pay it back in full.

I think it was Allen who worked out they were looking at 16 years off some rough maths.  They shadow banned him for HT for doing those calculations.

[bitpop]

The gawtards are going to start fighting each other about who gets to go first

[AnimoEsto]

The gawtards are going yo start fighting each other about who gets to go first

I bet you Josh goes first

[mcni77]

Your getting it right yeah.

But they are all convinced thats just a minimum $100k per month which has me laughing.

So hes put it off for months, Will be paying cents on the dollar off over an extremely long period while holding all the coins and GAW is unlikely to be around for long enough to ever pay it back in full.

I think it was Allen who worked out they were looking at 16 years off some rough maths.  They shadow banned him for HT for doing those calculations.

wow. so like a million coins? Yeah, I'm sure Josh won't just walk off with the money. These people over at HT are truly delusional...

[Subtuppel]

OK, am I getting this right?
The Gawtards in this post are speculating that the $20 buyback program will take XPY, put it in escrow & pay a minimum of $100,000 per month, which is 5000 coins at $20 each. They are speculating that $100,000 will be paid out amongst participants in the program. So let's say they have a million coins in escrow, you would get a fraction of a cent per coin, per month?
https://hashtalk.org/topic/30054/20-for-xpy/

So is that likely the new GAW scam? Take in a boatload of coins & then pay people fractions of pennies per month, per coin until they are paid off?

If Josh actually goes through with the buyback program (which I think he'll weasle out of), what is a realistic estimate of the amount of coins people here think would be put into escrow?  

Your getting it right yeah.

But they are all convinced thats just a minimum $100k per month which has me laughing.

So hes put it off for months, Will be paying cents on the dollar off over an extremely long period while holding all the coins and GAW is unlikely to be around for long enough to ever pay it back in full.

I think it was Allen who worked out they were looking at 16 years off some rough maths.  They shadow banned him for HT for doing those calculations.

Even more funny than this, they do also believe that Paycoin can "still" (remember, 400k merchants!!!) be used as a currency once close to all coins are locked away in some mysterious escrows, cashtakers, primes and whatsoever.

[BlindMayorBitcorn]

The gawtards are going yo start fighting each other about who gets to go first

I bet you Josh goes first

So first one to dump wins the pot. I had no idea crypto-traders were so patient

[AnimoEsto]

So first one to dump wins the pot. I had no idea crypto-traders were so patient

Basically yes, the coin is owned (now) by Paybase LLC, and that in turn is owned by GAW, therefore GAW will have advance notice as to when the "pot" is about to be opened up on a first come first served basis.

This allows them to be one of the VERY first people to put their Coins in Escrow (again, with GAW - Josh may have forgotten my little spat with him about Escrows - as he clearly doesnt understand them), this way Joe Public is unable to get any returns on their coins for this 100K this month until GAW have had their their share of it (first come first served remember!).

Josh then gets out of paying anyone any of the fabled $20, at the point where it starts to become where they NEED to pay out Joe Public the sites will get hacked and go offline - sorry we lost your coins, see our TOS.

[CoinFire]

So first one to dump wins the pot. I had no idea crypto-traders were so patient

Basically yes, the coin is owned (now) by Paybase LLC, and that in turn is owned by GAW, therefore GAW will have advance notice as to when the "pot" is about to be opened up on a first come first served basis.

This allows them to be one of the VERY first people to put their Coins in Escrow (again, with GAW - Josh may have forgotten my little spat with him about Escrows - as he clearly doesnt understand them), this way Joe Public is unable to get any returns on their coins for this 100K this month until GAW have had their their share of it (first come first served remember!).

Josh then gets out of paying anyone any of the fabled $20, at the point where it starts to become where they NEED to pay out Joe Public the sites will get hacked and go offline - sorry we lost your coins, see our TOS.

By hacked you mean someone will social engineer the registrar and have the domain stolen right?

Sigh.

[tmpwhore]

Even those on gethashing forum who claim to have taken the "red pill" seems to think XPY could have a future with different leadership etc. But what they fail to see is that the whole XPY scam was based on letting you buy "coupons" for x$ with the promise of the company buying them back later for y$

So I guess JG went to Mr Fitzgerald and showed him his business plan:

- I will give you xxx amount of coupons if you give me 100m$
- I will then sell more coupons to the public at double price
- Then I will use the 100m$ to buy the coupons back at 5 x higher price
-
- Profit!

GAWSOME !! here take my money asap.

Sounds like government bonds lol. Maybe paycoin should have another mining week so us miners can make a few extra $ from the speculators.

[Sujoy]

The gawtards are going yo start fighting each other about who gets to go first

I bet you Josh goes first

If you assume GAW don't want to give up their BTC, then they will always flood the buyback with their own XPY. I imagine the first week of April will have GAW customers posting how they put 1,000 paycoins into escrow but only received buyback on a fraction of a coin. Then we'll see another wave of bans and shadow bans for pointing this stuff out.

[clownius]

The gawtards are going yo start fighting each other about who gets to go first

I bet you Josh goes first

If you assume GAW don't want to give up their BTC, then they will always flood the buyback with their own XPY. I imagine the first week of April will have GAW customers posting how they put 1,000 paycoins into escrow but only received buyback on a fraction of a coin. Then we'll see another wave of bans and shadow bans for pointing this stuff out.

Thats my exact bet too.  People will be shocked how little they are getting and the ban hammer will flail wildly

[bitpop]

The order book is razor thin, 1k sold would destroy the price instantly

[strangerdanger101]

Eric confirmed on IRC that he has left GAW, gave his resignation 3 weeks ago. Sounds like a new year resolution.  Not sure why it turned into a ban fest on HT..

<MiningBuddy> zen_eric did you jump ship because of the investigation?
<@VanceFox> But look at it from an outside person, if you are just a wallet, then what's the difference between you and paybase? Except the obvious answer of you can probably withdraw from your site...
<@zen_eric> MiningBuddy: I left a while before that article was written
<PaycoinGateway> Paybase is a large market service
<MiningBuddy> zen_eric yeah but we all know it takes a while for the media to catch up
<PaycoinGateway> I am a small market service
<@zen_eric> I put in my notice over 3 weeks ago

hmmmm very interesting do you think this was just BS then or could Eric be serving out his notice? but if he gave notice 3 weeks from that post it would be odd that he is still there...

[AnimoEsto]

hmmmm very interesting do you think this was just BS then or could Eric be serving out his notice? but if he gave notice 3 weeks from that post it would be odd that he is still there...

They wont want to spook everyone - if all of their Senior Technical Staff have gone then that will cereate panic.