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

[kken01]

I'm pretty sure I missed a few bits from my list as well, so if anyone feels like pointing out anything I've missed, please do.

$20 floor. Is it Monday yet ?

[kken01]

oh noes. GAW in a nutshell

[vizique]

It's interesting to note issue's regularly appear early on a Friday and rarely get resolved before a Tuesday/Wednesday the following week. Also notable is how this seems to occur with alarming frequency at the end of the month....

Patterns point to behaviour that is questionable at best.

Lack of communication would indicate all is not well, at the bare minimum it's rude not to let people know what's going on with their money. But then good manners has never been a strong point of Mr Ganza.

The way this whole deal is being operated, Companies within and without the circles of trust, LLP law and "subsidiaries" makes me believe the liabilities are being hived off to a point where that entity can be euthanised and the remaining "Branches" of the group can continue as if nothing has happened. Just guessing of course but it doesn't look good from where I'm standing and talking to other industry people, those that have even heard of it, well, they just laugh

[kken01]

exactly vizique

things like this make me feel sick:



people just cant get out and have to take all this bs from Mr Ganza. POLISH THAT TURD  

[Crestington]

exactly vizique

things like this make me feel sick:



people just cant get out and have to take all this bs from Mr Ganza. POLISH THAT TURD  

Holy shit, that's crazy

[miri94]

I can't believe how pathetic those people talking about pump and dump are.

If it is not so clear to you: Why was there a public SHA256 mining period? how stupid is someone to believe anything other than this is what Josh needed to create the appearance of what you believe!

The money has been made when XPY was above $4 and people sold. That's it. What is happening now is Josh buying with the right hand from the selling in the left hand. That is why he even got an exchange for zero fees, so he can keep doing this all day long.

Seriously will you actually spend $1 or even 5c on an XPY? no way! and same applies to everyone else. There are 5-10 people doing "day trading" and that is it. The rest of the walls, whales that's Josh and himself.

Why?

He still has several million XPYs. If he can get a buck each, then he is working in a dream job, where do you want him to go and vanish? plenty of fish in the market, just need to "lure them"

[AnimoEsto]

Josh has always had the final say on whether users can withdraw, this is how he has designed it - I remember a google hangout chat where a user was trying to withdraw about 20BTC and his response was "he can wait" he has no respect for his customers

[Paul Revere]

I am certain there is some Left Hand>Right Hand transactions going on in the XPY markets , but the pattern says it is only a relatively small amount.Primarily to get Pumps going, and the faithful pile on afterwards.  And, this is important, 90% of the trading is happening on Cryptsy, which does have fees. Also, there are way too many people following these pump and dump cycles cashing in on the wave (myself included) for it to be a major amount of fake transactions to create perception of volume. The amount he would lose to all of the day traders following this is massive compared to the fee issue. The reality is that people really are buying into XPY still. Hard to fathom, I know, but it is the case.

Edit to add: I forgot what is probably the biggest indicator that these are actually real Buy Bids being dumped into by Josh&Co: The vast majority of major transactions are Dumps (Selling into Buy Bids) which make the price DROP. If all of this volume was Left>Right transactions to try to bolster the price you would see mostly Buys (Buying into Sell Offers), which would make the price rise. The reality is that people are ponying up massive amounts of BTC still and Josh&Co are cashing in on these suckers' Buy Bids.

[vizique]

I am certain there is some Left Hand>Right Hand transactions going on in the XPY markets , but the pattern says it is only a relatively small amount.Primarily to get Pumps going, and the faithful pile on afterwards.  And, this is important, 90% of the trading is happening on Cryptsy, which does have fees. Also, there are way too many people following these pump and dump cycles cashing in on the wave (myself included) for it to be a major amount of fake transactions to create perception of volume. The amount he would lose to all of the day traders following this is massive compared to the fee issue. The reality is that people really are buying into XPY still. Hard to fathom, I know, but it is the case.

Indeed, from what I know of one or two big holders, they're big traders. They wouldn't ever say as much but I'm sure theyy've been trading their backsides off to derisk and minimise losses to date.

Point being, as there are a number of people "playing the market" the competition to suck out BTC from any rises is fierce. If things have to be paid for and there's little money to do this, then gaming the market becomes even more critical. Strangling those traders while trying to hoover up any cash you can seems to be the name of the game.

Looking at volumes recently, all these players are using each each others money to give impressions of activity when in fact it's a progressively slide maintained by various vapours and "rays of light". The sharper one's use these times to trade a profit, and as I suspect they're far better than certain players we could mention.

[Paul Revere]

Yes, right now Josh&Co are able to scoop up ~50-100 BTC per day using only the payouts from the Prime Controllers and maybe tapping into some of the many (dozens, hundreds?) of smaller private wallets they have. After the price tanks further, it will require more and more XPY to maintain the same amount of BTC intake per day. At some point they will likely dip into the vast amounts currently in the Prime Controllers and such.

[Crestington]

Yes, right now Josh&Co are able to scoop up ~50-100 BTC per day using only the payouts from the Prime Controllers and maybe tapping into some of the many (dozens, hundreds?) of smaller private wallets they have. After the price tanks further, it will require more and more XPY to maintain the same amount of BTC intake per day. At some point they will likely dip into the vast amounts currently in the Prime Controllers and such.

I previously found a wallet possibly linking to GAW with some 8k BTC in it and corresponded with a fair amount of market sells, also if Coins aren't being pulled from the primes they will compound quickly. With compounding, and short Block limits it's like 3500% per year through the primes, give or take. The primes are like BTC generation machines, lol

[rawbot]

Also, there are way too many people following these pump and dump cycles cashing in on the wave (myself included) for it to be a major amount of fake transactions to create perception of volume. The amount he would lose to all of the day traders following this is massive compared to the fee issue. The reality is that people really are buying into XPY still. Hard to fathom, I know, but it is the case.

So you could argue that people like you, and the many numbers of users in this thread who profit from Paycoin in one moment, and who trash Josh Garza and paycoin in the next moment, are not contributing to bringing down this scam, but you would rather profit from it instead.  So you are helping to perpetuate this scammer and this scam coin.  How hypocritical is that?

I think those facts totally discredits any criticism you post in this forum, along with any other traders on here who profit from this scam. In fact that makes you as bad as the worst that hashtalk has to offer, including bitbar.

[BlindMayorBitcorn]

And now Ziftr goes live

[Paul Revere]

If I start to give a shit what you think I will let you know, Rawbot.

The reality is this scam will go on as long as people are willing to buy XPY. If fools are throwing money in the street I am not going to feel bad about picking up some. If that bothers you, then go cry in the fucking corner.

[Paul Revere]

hay guise dont wurry, are develupur'z are almoost dun, be back sooon, luv ur ceO Jjosh

I think I know where Josh picked up the version of English he speaks:



Josh, for 100 BTC in the next pump, choose the correct phrase to use to con beliebers into thinking something big is coming:

[suchmoon]

... Vlad's drivel removed ...

I don't really follow what GAW does that much other than this thread, what is the difference between the hashstakers and the primes again? and how are they going about removing hashstakers? I really can't be assed looking it up myself but might be able to help you figure out profitability.

Hashstakers don't have anything to to with Prime Controllers. I tried to explain that to ikeboy a couple of pages back but it doesn't seem to be sticking. GAW initially claimed that Hashstaker payouts will be coming from Prime staking, but that did not happen because they couldn't get Prime staking to work for a month or so after activating Hashstakers. So they simply paid out of premine and continue to do so. If they don't sell anymore Hashstakers it just means more coins left for GAW to dump because that will NOT reduce Prime staking. Prime staking is hardcoded in the wallet code. It would take a hardfork to change that.

And since we don't really know how many active Hashstakers are there it's impossible to tell if Prime staking amounts match that or not. Technically they can't since customers can activate hashstakers at any time and inflation is hardcoded.

[suchmoon]

So from the good news department - March 1st is finally here, Honors Program registration completed, looking forward to get my $20 on April 1st. Yay! /s

[Paul Revere]

So from the good news department - March 1st is finally here, Honors Program registration completed, looking forward to get my $20 on April 1st. Yay! /s

Havn't checked HT today, is there any mention of this latest failed promise? Probably not, what with all of the exitment™ over the upcoming Paycoin Space Program and all...

[kken01]

yep they sell the premine and leave their inflators to do their job   fatten up little piggies!

i followed this 50k one
2015-02-13
tx: 30ddbc3505bb6f814c190ac26f053c10879adf8c0c5b61257bb30fabe29eefd6
funded from premine and goes to bittrex and paybase (largest). one zendcloud transfer (from top of my head it was small like 700)
inputs of the inputs (iI) siphon to different exchanges too at many steps but didnt spend time following them. cryptsy was upstream

~=
20% (10k) of it ended up on richlist #6
25% was sent to exchanges
42% formed idle addresses (at least was yesterday)
13% unknown or too scattered to follow such tiny pigeon poops

3k and 1.2k to paybase were largest but typical was 100-700  

idle amounts: contribution/total
a1: 3.8k / 3.9k
a2: 3k / 3.2k
a3: 2.9k / 4.6k
a4: 11.4k / 75k

those are idle for now

iI's have like 40k out of their starting 65k left and they 'only' created 10-20 or so of these 50k (25%)exchange runners that end up with above pattern. sooo theres room to triple !  

[Phildo]

So from the good news department - March 1st is finally here, Honors Program registration completed, looking forward to get my $20 on April 1st. Yay! /s

Havn't checked HT today, is there any mention of this latest failed promise? Probably not, what with all of the exitment™ over the upcoming Paycoin Space Program and all...

Not that I can find. Everyone is too busy getting ready to fellate Josh for managing to bring systems back online after 24+ hours of unexplained downtime.

edit: Actually, HJG just posted this: Notice the curious use of the past tense. Of course this is Josh, so it may just mean nothing.

Was because the honors program is apparently dead.

He is saying something that all the gaw lovers missed during the honors program euphoria, that payments weren't going to start until the end of march/beginning of april.

Signup ended march 2, but all payouts were to be done on the 1st of the month, so even in the dream honors world, no payouts this month.