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

[drasted]

https://hashtalk.org/topic/30635/proposal-give-us-paycoinshares-not-honor-program

My proposal is not to give us 1 PayCoin = 20 $ as scheduled and will be an announcement soon.
But offers us new way to invest to PayCoin not as crypto currency.

Instead of giving us the money you promised us. Give us more options to give you money.
How do these people survive?

Example lets say i have 100 XPY = 2000 $ with Honor Program when i have my 2000$ months, years ?
So i will have 100 PayCoinShares (asset) valued 2000$ (1 share = 20$ start price and locked in the future can go up but never less than 20$).

So basically what was promised with paycoin. Do that again.
I can't even tell if this is a joke and that everyone in the thread is just playing along.

[Puppet]

Josh's plan for the future becomes clearer ...

https://hashtalk.org/topic/30953

While I have less money than I had when I started GAW, its still enough to launch a new company.

Cant access that thread without logging in..

[drasted]

https://hashtalk.org/topic/30929/good-things-come-to-those-who-wait/162

GAWCEO
Admin
Moderator
Industry Innovator

@allcryptocoins said:

    @Pbpenthouse1 said:

        I had a great conversation with Josh last night and we have nothing to worry about. Take advantage of buying these Cheap XPY While you can. He will pull through for us. Lets give him a break.

    haha, hmmmm where have I heard this before???. Or right, every single time, talk is cheap.

Your right. Imagine if everyone in the community did, instead of just talked, where paycoin could be.....

Josh blaming the community for paycoin not getting anywere. "imagine if everyone in the community did"...? imagine if GAW did anything other than make promises. Why would the future of your company ride on it's users doing the work instead of you.

Then later in the thread

GAWCEO GAWCEO
Admin
Moderator
Industry Innovator

>@logicalparadox said:

    >@Pbpenthouse1 said:

        >I had a great conversation with Josh last night and we have nothing to worry about. Take advantage of buying these Cheap XPY While you can. He will pull through for us. Lets give him a break.

    >If I had $1 for every time I've heard that I wouldn't need the paycoin =/

nice

So this guy basically says "josh lies a lot". And Josh's reply is just "nice"

[Sujoy]

Not sure if this has been posted before:

https://www.youtube.com/watch?v=hu98b2zmWC8
Money & Tech coverage of GAW

[ab8989]

So was thinking, Josh had been bigging up the buyback, everyone expected details to be made public on the 1st Feb but instead he says he can't announce because of legal matters.

This triggered a 50% fall in the price. I question what the real motive was behind not making the announcement? I'm sure Josh could have made up some sort of detail that would have satisfied most people and boasted the price to maybe between $5 and $10 allowing Josh to dump more of his pre-mine.

But he hasn't done this, why not?

I think there are two reasons.

a) He would have to declare the company bankrupt immediately as the company does not have enough funds to cover future liabilities.

and/or

b) Publishing details of the buyback could provide definitive evidence in a future court room that Josh intended to run a Ponzi scheme.


Any thoughts on this please?

option c):
When SEC is looking at you with a microscope do not make concrete and detailed promises that you know you are not going to keep.

I am most surprised that nobody has raised the point that this buyback made absolute zero business sense and therefore it was certain it was not going to be performed.

The only way paycoin would have gone forward would have included a massive increase in both userbase and trade volume. The buyback would have collapsed both. Most of the users would have cashed out and left. The only some kind of positive aspect of the buyback was said to be pulling most of the coins out from circulation letting the remaining few left out in the wild to increase in value. Guess what: value without volume is meaningless.

It is possible that when Josh first announced the buyback he thought it might pull the coins value up in the market near the $20 without him doing anything more than vague promise. And if the coins would have gone up he could have pulled the promise without much trouble.

When it became evident that the coins are not going up in the market there was nothing else left for Josh than exit. The only question was how. If there would not have been SEC investigation I guess he could have gone further and announced detailed plans in the hope that it would pull the value of the coins up in the market in february allowing him to cancel the buyback at some later date in march. But with SEC investigation and most of his staff quitting this was not possible.

So his choice of action was to act as negatively as possible trying to collapse the value of coin in the hope that he could buy them from the market with smallest possible price reducing the number of customers to a minimum and especially the number of sensible customers that could present a threat to him by lawsuits or otherwise. Maybe this plan also did not work as some stupid people kept the price too high on the exchanges or he just has some ADHD issues and he wants to jump to something else.  I don't know.

I firmly believe the big movement of coins and starting the hyperinflation in the end of the last week were planned to work as a threat of dig dump coming trying to create panic and force the price of the coin down so he could buy them with pennies. Stupid GAWtards just did not understand anything and act like he planned.

All this was triggered by the SEC investigation starting. Before SEC investigation he was still upbeat hyping up the coin with the "buyback going on schedule" crap. That was a different plan back then but then everything changed to a plan b.

[Subtuppel]

I am most surprised that nobody has raised the point that this buyback made absolute zero business sense and therefore it was certain it was not going to be performed.

I am pretty sure this has been said several times (i am sure i did) since it is way too obvious that someone who holds free 97% premine and stakes at 3000+ (don't remember the exact amount but they messed up the intended 350 by not factoring compound interest in!?) %/year does not need more coins. Not to mention that a currency that is completely back in "one hand" is totally useless regardless of the "value".

I firmly believe the big movement of coins and starting the hyperinflation in the end of the last week were planned to work as a threat of dig dump coming trying to create panic and force the price of the coin down so he could buy them with pennies. Stupid GAWtards just did not understand anything and act like he planned.

No way that Homero bought a single coin back to hold it (maybe some of his bots buying and selling a bit to themselves @ crapsy to get the dumping price up if at all), why would he with his endless supply of free coins?

[I_IZ_CEO]

so Josh admits GAW is dead ? ;x

You were very strong supporter, when did you change your mind?

He is still spending money on his project, the vanilla forum costs money and seems like its up already but was not posted in old forum yet.

Found this yesterday http://hashtalk-staging.vanillaforums.com/

[ab8989]

No way that Homero bought a single coin back to hold it (maybe some of his bots buying and selling a bit to themselves @ crapsy to get the dumping price up if at all), why would he with his endless supply of free coins?

I believe he planned this with a stay out from jail motive. Buy first almost all of the coins out from market with pennies and then have a $20 buyback for the very few remaining coins left and say to SEC that I have fulfilled all my promises. Please don't lock me up in jail.

Of course this would cost him a little bit money but with the upside of not going to jail it might be worth to try. And if the price of coin does not go low enough then this is a plan that he can cancel any time he likes. So no harm trying whether it seems it could work.

With $1 or $2 a coin I am pretty sure that was not low enough for him to buy anything.

Also I am not claiming that this plan would actually work. No plan made by Josh has ever worked.

[Puppet]

I am most surprised that nobody has raised the point that this buyback made absolute zero business sense and therefore it was certain it was not going to be performed.

Actually, I thought it was a somewhat clever solution. Of course it would end up costing them a pretty penny ($100K per month if they kept their word), but it would have maintained the appearance of honoring their promises, raised the expectation level with their cult following while simultaneously taking a shitload of coins out of circulation probably for a long time, which by itself should also help raise the price. If it worked exceptionally well, it might even have made the "honor program" virtually free. So its actually a far better way to raise the price than just buying coins on the open market.

All this was triggered by the SEC investigation starting. Before SEC investigation he was still upbeat hyping up the coin with the "buyback going on schedule" crap. That was a different plan back then but then everything changed to a plan b.

I think the SEC is mostly a convenient excuse to let this house of cards collapse before it actually started costing them money.

[jackbox]

PayCoin is soon to be dead. Think they will be one final desparate "pump" before it finally goes down to a few satoshis?

[Paul Revere]

PayCoin is soon to be dead. Think they will be one final desparate "pump" before it finally goes down to a few satoshis?

The trained fools are lining up to pump up Paycoin so Josh can dump more of his endless supply right in their faces. Here is some expert analysis of the situation from "Morris" , and my own less than expert analysis added with crayon to try to help the idiot understand things a bit better. Note McD's bathroom selfie with business suit. Nothing says "Trump" quite like that, eh?


https://hashtalk.org/topic/30988/paycoin-possible-turn-around

The only candles I see are big red ones from Homero dumping. OK Morris, see if you and the rest of the fools can pump XPY back to .008 so Josh can steal even more from you all. Ol' Josh will provide some more pretty red candles for you idiots to "analyze".

And my favorite HT comedian "Vlad the Impaler" summing up Morris' expert analysis:



This guy is the best:


https://hashtalk.org/topic/30929/good-things-come-to-those-who-wait/171

And then he goes and bursts the bubble and lets on that he is actually being sarcastic, blowing his whole Russian Translator cover...



https://hashtalk.org/topic/30985/like-a-fine-wine-give-it-some-time/2
THanks for pointing out the wrong pic, fixed! Too Hash to Crash, Baby! Gotta love Vlad!

[GhostPlayer]

Paul, you posted last picture wrong, about the sarcasm, its the same as the previous! Please fix it so I can see    Hilarious

[geegaw]

The real problem is no one is going to do anything about it, Homero is going to flee in the night with a pocket full of their money. Now is the time to strike the iron while he is vulnerable, the pathetic thing is his victims are insipid meek weaklings, the reason they got into his in the first place, the biggest loud mouths out of them all prefer to create a forum and hide their backslapping each other how they just knew it would come to this and how they got out before the shit hit the fan. Which we all know is not true. Turns out there ring leader is shackled like a bitch, single C&D and has run off into the hills never to be seen again, supposed to leak some damaging information in which case if scared by that surely it means she was under NDA in the first place otherwise what possible legal threat can there be. Loudmouth cowards the lot of them.  Someone needs these people to lead them, get hold of a lawyer now and commence action don't "wait it can be fixed", like that pilot who spent all his time here trying convince himself it is just a mistake Homero will fix it.  . They all need to act now, not later. Watch what happens to KNC when a group effort acts to make things right.

Where is the ARS reporter now, now is to time to ask them all who feels scammed?

Bye Bye Homero, thanks for the memories.

[vObh0n]6W]

snip

Where is the ARS reporter now, now is to time to ask them all who feels scammed?

snip

For the record, I emailed them when they were first digging for info and never got a reply.

[strangerdanger101]

The real problem is no one is going to do anything about it, Homero is going to flee in the night with a pocket full of their money. Now is the time to strike the iron while he is vulnerable, the pathetic thing is his victims are insipid meek weaklings, the reason they got into his in the first place, the biggest loud mouths out of them all prefer to create a forum and hide their backslapping each other how they just knew it would come to this and how they got out before the shit hit the fan. Which we all know is not true. Turns out there ring leader is shackled like a bitch, single C&D and has run off into the hills never to be seen again, supposed to leak some damaging information in which case if scared by that surely it means she was under NDA in the first place otherwise what possible legal threat can there be. Loudmouth cowards the lot of them.  Someone needs these people to lead them, get hold of a lawyer now and commence action don't "wait it can be fixed", like that pilot who spent all his time here trying convince himself it is just a mistake Homero will fix it.  . They all need to act now, not later. Watch what happens to KNC when a group effort acts to make things right.

Where is the ARS reporter now, now is to time to ask them all who feels scammed?

Bye Bye Homero, thanks for the memories.



http://oi61.tinypic.com/30d9s3c.jpg

lol nice love your work

[Phildo]

So was thinking, Josh had been bigging up the buyback, everyone expected details to be made public on the 1st Feb but instead he says he can't announce because of legal matters.

This triggered a 50% fall in the price. I question what the real motive was behind not making the announcement? I'm sure Josh could have made up some sort of detail that would have satisfied most people and boasted the price to maybe between $5 and $10 allowing Josh to dump more of his pre-mine.

But he hasn't done this, why not?

I think there are two reasons.

a) He would have to declare the company bankrupt immediately as the company does not have enough funds to cover future liabilities.

and/or

b) Publishing details of the buyback could provide definitive evidence in a future court room that Josh intended to run a Ponzi scheme.


Any thoughts on this please?

The purpose of the original announcement was to get him through the month of January without the natives turning on him. The purpose of this delay is because the original idea never made sense. Blaming the lawyers will buy him enough time to come up with the next delay tactic. He was able to weasel out of the first $20 floor talks because people weren't paying attention then. Now everything is being archived and more people are angry, so if he comes up with a plan that doesn't really promise $20, people will freak, and if he comes up with a plan that does promise $20, he might actually be held to it.

The reality is $20 never made sense. If the $20 was real they would have bought up coins at 10, or at 8, or at 5, or at 4, or at 3, or at 2, or at 1. The only reason not to do that if the $20 was real is because GAW thought the price would go lower, so people holding xpy are fucked either way. Either the $20 was never actually in the plans, or it is in the plans but GAW thinks (and will let/cause) the price to drop much lower before they do anything about it.

[Crestington]

I hate to say it but I called it from the get-go and said that the $20 wall was impossible. I would have rathered to have been wrong though and not see people lose their life savings jumping into something that was alpha-technology at best.

[ZiG]

Here is an interesting HT topic, if you already didn't see it...:

https://hashtalk.org/topic/30841/how-much-money-have-you-lost-here/5

Very sad indeed...

ZiG

[strangerdanger101]

I hate to say it but I called it from the get-go and said that the $20 wall was impossible. I would have rathered to have been wrong though and not see people lose their life savings jumping into something that was alpha-technology at best.

[WaffleMaster]

Here is an interesting HT topic, if you already didn't see it...:

https://hashtalk.org/topic/30841/how-much-money-have-you-lost-here/5

Very sad indeed...

ZiG

Anybody know a good free photo editing software? I'm pretty limited with Paint, lol.