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

[inBitweTrust]

The company is losing officers and employees left and right as they bail on this sinking ship with no signs of replacements. Makes a lot of sense that the CFO would leave first as well.

http://www.gawminers.com/pages/team

October 16, 2014 snapshot
https://web.archive.org/web/20141016021054/http://www.gawminers.com/pages/team

Josh Garza, CEO
Joe Mordica, CTO
Shiraz Moosajee, CFO
Dan Kelley, COO
Dan Pease, General Manager
Christian Gogol, Marketing and PR

Dec 17, 2014 snapshot
https://archive.today/D9vll

Josh Garza, CEO
Joe Mordica, CTO
Shiraz Moosajee, CFO
Dan Kelley, COO
Dan Pease, General Manager
Christian Gogol, Marketing and PR

Jan 21, 2015 snapshot
https://archive.today/RPWQq

Josh Garza, CEO
Joe Mordica, CTO
Shiraz Moosajee, CFO
Dan Kelley, COO
Dan Pease, General Manager
Christian Gogol, Marketing and PR

Today

Josh Garza, CEO
Joe Mordica, CTO
Shiraz Moosajee, CFO
Dan Kelley, COO
Dan Pease, General Manager
Christian Gogol, Marketing and PR

[strangerdanger101]

Hail gracious glory to my brethren of this earth under Him! Why, oh why friends do you work so hard against the Joshra Guano? It's only in His glory and praise that the Guano works to evacuate the worldly possessions of the anointed ones bringing them ever so much closer to Him! Allow the king of king's servant to do his work on this Earth in peace praise god! We do not ask the lioness not to eat the wildebeast? We do not begrudge the monkey so fitful not consume the bounty of the forest! Ne'er should we impede the grace of the Guano to feed on the brothers under him in a world so full of bountiful coins from heaven themselves!

hahaha i've seen your posts on HT welcome to the shit show

[Phildo]

I just hope you guys that got burned on this can start to see what some of us saw from the beginning.

They may have had an ok reputation for shipping miners (although I've read some bad reports after the fact) but hopefully everyone learns to stay away from cloud mining. All of the reasons for someone to run a legit cloud mining service are reasons for you to not purchase cloud mining. If you really think that they are wrong about the way difficulty is going to move and you can make money from them, at least make sure that the miners exist. Pictures, video, signed addresses, and proof that fresh coins are being paid out are all very easy to do, and there is zero reason for a legitimate business to refuse to do that.

[msarro]

I just hope you guys that got burned on this can start to see what some of us saw from the beginning.

They may have had an ok reputation for shipping miners (although I've read some bad reports after the fact) but hopefully everyone learns to stay away from cloud mining. All of the reasons for someone to run a legit cloud mining service are reasons for you to not purchase cloud mining. If you really think that they are wrong about the way difficulty is going to move and you can make money from them, at least make sure that the miners exist. Pictures, video, signed addresses, and proof that fresh coins are being paid out are all very easy to do, and there is zero reason for a legitimate business to refuse to do that.

I agree and disagree on this. I agree about any NON-asic manufacturer. The math just doesn't add up.

The one major reason to run a cloud mining service can be seen somewhere like Hashnest. Bitmain sells ASICs, but knows full well that a massive number of people simply won't order when the cost of shipping can add an extra 50% on to the price tag, sometimes more - and there's still a possibility customs can be assholes. If your main business is selling ASICs but folks won't buy them because of shipping concerns, then you're not making any money. Providing a hosting option makes sense to alleviate that concern, and allows you to charge a premium (like they're doing with the S5s). PLUS (if tax works anything like it does in the US) you get to amortize the gear at the end of its lifecycle, which you couldn't do if you were shipping a physical product to the end user.

So I think that it is a totally reasonable business model when certain conditions are met.

[Paul Revere]

And the Dumpage continues. Not sure if they are getting better at disguising Dumps as Buys or are just getting lucky- A LOT!.

Homero doing his Happy Dump Dance:

[Phildo]

I just hope you guys that got burned on this can start to see what some of us saw from the beginning.

They may have had an ok reputation for shipping miners (although I've read some bad reports after the fact) but hopefully everyone learns to stay away from cloud mining. All of the reasons for someone to run a legit cloud mining service are reasons for you to not purchase cloud mining. If you really think that they are wrong about the way difficulty is going to move and you can make money from them, at least make sure that the miners exist. Pictures, video, signed addresses, and proof that fresh coins are being paid out are all very easy to do, and there is zero reason for a legitimate business to refuse to do that.

I agree and disagree on this. I agree about any NON-asic manufacturer. The math just doesn't add up.

The one major reason to run a cloud mining service can be seen somewhere like Hashnest. Bitmain sells ASICs, but knows full well that a massive number of people simply won't order when the cost of shipping can add an extra 50% on to the price tag, sometimes more - and there's still a possibility customs can be assholes. If your main business is selling ASICs but folks won't buy them because of shipping concerns, then you're not making any money. Providing a hosting option makes sense to alleviate that concern, and allows you to charge a premium (like they're doing with the S5s). PLUS (if tax works anything like it does in the US) you get to amortize the gear at the end of its lifecycle, which you couldn't do if you were shipping a physical product to the end user.

So I think that it is a totally reasonable business model when certain conditions are met.

If you can make the math work, good for you, but just remember to make sure you are getting fresh coins and not playing ponziopoly next time.

[strangerdanger101]

This is so hillarious....
He has the Gawlettes going round in circles

This should be Mr. Ganza's theme song for his SOP

https://www.youtube.com/watch?v=PGNiXGX2nLU

FTFY!  Round Round Baby, Round Round!

hi·lar·i·ous

[rawbot]

The more I look at ziftrcoin, the more it resembles paycoin/paybase.  All they need is a fascist forum and it will be almost a clone.

And by the way, that is the worst name for a coin I think I have ever seen,  and there are some doozies out there.

[dave01]

The more I look at ziftrcoin, the more it resembles paycoin/paybase.  All they need is a fascist forum and it will be almost a clone.

And by the way, that is the worst name for a coin I think I have ever seen,  and there are some doozies out there.

Now that's funny

[CloakT]

The more I look at ziftrcoin, the more it resembles paycoin/paybase.  All they need is a fascist forum and it will be almost a clone.

And by the way, that is the worst name for a coin I think I have ever seen,  and there are some doozies out there.

Ziftrcoin is nothing like paycoin. Ziftrcoin guarantees a $1 value of your coins, for up to 5% of your order when your buying something from one of their vendors in their market.

Essentially if you buy something from one of the stores in their market, for $100 the vendor gives ziftr a 10% affiliate fee ($10) then they guarantee you at east $5 for the coins you use to buy the product. -- So even still ziftr is making $5 on each of those purchases, even if the value of the coin is $0

Which is a horrible incentive. Compared to paycoin guaranteeing $20 a coin it does not resemble xpy much.

Edit: http://ziftrtalk.org/ looks like they already have a forum too. Just missing all the bagholders, but they'll be there in a month or two.

[Mr Felt]

Every time I see that picture of Pease I have the urge to order a liter of cola.

http://www.funnyordie.com/videos/6753fb4e41/super-troopers-liter-of-cola

[suchmoon]

So is this almost the end game for GAW?

GAW isn't likely to launch a new Cryptocurrency related product that will go anyplace. So, I don't see any source of funds to continue the story.

This thread has served it purpose by now and is starting to look like a Mexican comic book, which underlines the point; Even the illiterate can see it's over.

All we need is for suchmoon to come to come back and post one of those fake meme picture of a fat lady singing and we can all move on.  

Well, I'm fat and according to GH - a lady http://forum.gethashing.com/t/xpy-paycoin-discussion/90/9482

But I can't sing for shit so this thread will have to go on

I wouldn't say it's over, or perhaps it depends on the definition of "over". For example it might be tempting to say that any sane person would not give any more money to this scheme, but wasn't that already the case months ago?

And yes, I'm about 10 pages behind on this thread. You guys are mad.

[Paul Revere]

These fools simply do not understand WTF is going on. They keep putting up buy walls, and GAW/Homero keeps cashing in the endless pile of FREE XPY:



Thanks for the pile of BTC in exchange for a worthless sack of Shitcoins, SUCKERS!

[strangerdanger101]

So is this almost the end game for GAW?

GAW isn't likely to launch a new Cryptocurrency related product that will go anyplace. So, I don't see any source of funds to continue the story.

This thread has served it purpose by now and is starting to look like a Mexican comic book, which underlines the point; Even the illiterate can see it's over.

All we need is for suchmoon to come to come back and post one of those fake meme picture of a fat lady singing and we can all move on.  

Well, I'm fat and according to GH - a lady http://forum.gethashing.com/t/xpy-paycoin-discussion/90/9482

But I can't sing for shit so this thread will have to go on

I wouldn't say it's over, or perhaps it depends on the definition of "over". For example it might be tempting to say that any sane person would not give any more money to this scheme, but wasn't that already the case months ago?

And yes, I'm about 10 pages behind on this thread. You guys are mad.

I've been saving this one for when its time.  Just say the word and I'll release it with audio 

[msarro]

Whoa, GAW has opened up the ability to sell hashstakers. I wonder if I can sell off my prime stakers and hashstakers to some true believers.

[rokkyroad]

Whoa, GAW has opened up the ability to sell hashstakers. I wonder if I can sell off my prime stakers and hashstakers to some true believers.

Its hard to believe but people are buying them. Mind you, it is a fire sale.

[strangerdanger101]

Whoa, GAW has opened up the ability to sell hashstakers. I wonder if I can sell off my prime stakers and hashstakers to some true believers.

Its hard to believe but people are buying them. Mind you, it is a fire sale.

lol for sure down to 1.16 people are going to undercut eachother till they're worth dirt h0h0h0

[Paul Revere]

Whoa, GAW has opened up the ability to sell hashstakers. I wonder if I can sell off my prime stakers and hashstakers to some true believers.

Its hard to believe but people are buying them. Mind you, it is a fire sale.

lol for sure down to 1.16 people are going to undercut eachother till they're worth dirt h0h0h0

I was reading on one of the threads on HT earlier where someone actually did the math (I know- shocker-right? ) and initially some idiots were paying more for the stakers than it would cost to buy the amount of XPY they would yield in their lifetime + the coin(s) in them. Probably still happening, they are not a real bright bunch over there.

P.S: That is not even getting into what the XPY will be worth in the future if you wait around for them to stake....

[jimmothy]

The more I look at ziftrcoin, the more it resembles paycoin/paybase.  All they need is a fascist forum and it will be almost a clone.

And by the way, that is the worst name for a coin I think I have ever seen,  and there are some doozies out there.

Ziftrcoin is nothing like paycoin. Ziftrcoin guarantees a $1 value of your coins, for up to 5% of your order when your buying something from one of their vendors in their market.

Essentially if you buy something from one of the stores in their market, for $100 the vendor gives ziftr a 10% affiliate fee ($10) then they guarantee you at east $5 for the coins you use to buy the product. -- So even still ziftr is making $5 on each of those purchases, even if the value of the coin is $0

Which is a horrible incentive. Compared to paycoin guaranteeing $20 a coin it does not resemble xpy much.

Edit: http://ziftrtalk.org/ looks like they already have a forum too. Just missing all the bagholders, but they'll be there in a month or two.

I don't know what you're talking about. Ziftr is almost an exact copy of paycoin/paybase.

The $1 floor is no different from the $20 floor GAW promised and GAW also threw merchant discounts in to the feature list.

[strangerdanger101]

Whoa, GAW has opened up the ability to sell hashstakers. I wonder if I can sell off my prime stakers and hashstakers to some true believers.

Its hard to believe but people are buying them. Mind you, it is a fire sale.

lol for sure down to 1.16 people are going to undercut eachother till they're worth dirt h0h0h0

I was reading on one of the threads on HT earlier where someone actually did the math (I know- shocker-right? ) and initially some idiots were paying more for the stakers than it would cost to buy the amount of XPY they would yield in their lifetime + the coin(s) in them. Probably still happening, they are not a real bright bunch over there.

P.S: That is not even getting into what the XPY will be worth in the future if you wait around for them to stake....

not to mention the % gaw takes from the sales + "transfer fees" what a shit show its lose lose all the way around