My predictions from
November 5. So far 8/11 correct.
How did I know he would turn on his lawyers to explain the coming implosion? If anyone believes that the "blame it on the lawyers" schtick is legit, then ask yourself how I knew it would come to this back in early November? The answer is, its not legit and it was predictable as hell because the whole thing is a scam.
Feel free to send rewards for correctly guessing Josh's intent, plan and outcome to the BTC address in my profile. Sorry, XPY not accepted here.
https://bitcointalk.org/index.php?topic=720844.msg9449020#msg9449020(1) Zenpool will continue to suck and possibly get worse
Check plus. Shutdown already.
(2) Hashpoint pool will continue to generate record hashpoint returns, forcing prime and zen owners to move to hashpoint mining (which is of course non-existent)
Check. Add in the hyperinflation and hashtakers and the prediction is scary close.
(3) Relieved of the requirement of making BTC payouts, GAW will be able to fix some of the more glaring red flags (like the constant inability to withdraw, maintenance down times, etc.) which are related to the fact that GAW is not yet actually mining anything.
Miss. I guess I was assuming GAW wanted to actually have a real company but it looks now like Josh is happy to pack up and leave.
(4) GAW will launch its round 1 ICO, which will force hashpoint conversions into hashcoin, but that is no skin out of GAW's hide since its all premining.
96% premining to be exact.
(5) GAW will announce that its lawyers/investors/retail partners (pick one or more) have decided that selling hashcoin for fiat is problematic legally, so they cannot do it. GAW will advise users to exchange hashcoin on the exchanges; maybe will even have a deal with one or more exchanges to make this automatic.
Check plus ... Sorry, FinCEN makes Paybase a no-go. Gyft for Bitcoin from XPY was a fail. Ugh. Lets just buy coin-swap for liquidity. There you go!
(6) Hashcoin on the exchanges will be nearly worthless.
Check-minus. Currently a plaything for traders, but at .004 BTC still far below what GAW promised
and promoted.
(7) GAW will apologize and blame the whole mess on the U.S. legal regulatory system and/or its lawyers/investors/retail partners who just don't "get it"
Check-plus, damn straight. SEC investigation, lawyers who keep Josh out of legal meetings. None of it is Josh's fault. Stupid U.S. legal system makes it so hard to commit securities fraud and banking violations. Maybe next time try somewhere without them pesky laws and lawyers. Hate that.
(Cool GAW will come up with some other plan/scheme to monetize hashcoin... and in the meantime will allow users to buy hashlets for hashcoin.
Check. Honor Program scam.
(9) In the meantime, GAW will be able to buy real mining machines since its payouts on hashlets are ll in worthless hashcoin/hashpoints, which allows GAW to use its mining and hashlet sales to actually purchase hardware.
Check-minus. Predicted the 4 Phs deal with Bitmaintech using money from the Hashlet sales, but failed to predict that GAW would shut down mining (!?) altogether and sell off the miners.
(10) GAW, if they do not blow up legally, might eventually succeed in becoming a cloud mining company with real miners. Since its users bought in at $16-49 per mhs, and by December prices for ASICs will be down to $5/mhs... there is plenty of room for GAW to transition to a real cloud mining company using customers money ... as long as they can stave off withdrawals and payouts for a couple more months. Of course hashlets will be worth $5 / mhs by then too.
Missed big time on this one! Again, my mistake was thinking that GAW/Josh wanted to end up as a legitimate company. Oops.
(11) Hashcoin will end up where GAW started - as a loyalty program.
TBD. Remains to be seen, if GAW survives XPY will probably be accepted by a few loyalists and/or big investors on some kind of a loyalty program. That is, IF GAW survives which seems less and less likely.
