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

[KC6TTR]

@TheMage

[1714782236]

1714782236

[1714782236]

1714782236

[1714782236]

1714782236

[1714782236]

1714782236

[TheMage]

@TheMage

[KC6TTR]

...anyway, back in to my box for the night.   

Scott-

[alani123]

A new comment on GAW from badbitcoin:
http://www.badbitcoin.org/gaw.htm

Wow... Lok at this.

Neither GAW, Zencloud or any other GAW operation, has at this time, directly or indirectly defrauded anybody regarding the conversion to hashstakers and XPY. This was always a choice, freely chosen by the individual.

This is probably a kind way to tell people that they were extorted, scammed through social engineering or whatever you wanna call it. But Nooononono this is in no way defrauding :O

[tempus]

A new comment on GAW from badbitcoin:
http://www.badbitcoin.org/gaw.htm

Our position regarding GAW and Paycoin. These unsupported "indisputable facts" versus the reality.

There has been a very vocal campaign against the previously highly regarded supplier, GAW Miners, and going even further targeting their CEO Josh Garza, and has also questioned our position on these matters. In response to this, I am issuing the following unambiguous statement.

We do not share the opinion that this operation,or Mr Garza are intending to defraud, or have defrauded any investor in Hashlets, Hashstakers, Paycoin XPY, or any other product or service supplied by GAW or it's companies. We are not associated with these companies beyond personal & private holdings of Hashstakers, Zen Hashlets and XPY Paycoin, and are not paid by these companies.
They are accused of reneging on contracts, there is no evidence of this. Reneging on promises. There were never price promises, beyond individual expectation of market value, and the anticipated $20 floor, a concept since reformed into the honours program, which whilst indefinitely delayed, pending the resolving of legal issues, is still very much active. Some proposed features have been shelved, delayed, or abandoned due to direct effects of the current hate campaign, and other features have since been proposed, some are better.
Leaked emails, widely circulated, have been obtained illegally and are legally confidential. They must be disregarded due to their origin being from a hacked external, and uncredited anonymous source. The hacking of privileged company resources also indicates that the hacker may easily have fabricated these emails using hijacked services, or had physical access to those resources.

Neither GAW, Zencloud or any other GAW operation, has at this time, directly or indirectly defrauded anybody regarding the conversion to hashstakers and XPY. This was always a choice, freely chosen by the individual.
The campaign against GAW is a phenomenon that is unprecedented, and has become almost a cult. The vehemence of these detractors - the majority of whom are non investors - has had a visible effect on trust and wider adoption of this XPY. This campaign was fuelled by a core few individuals, would be members of a kind of informal 'old guard' of Crypto. It is an indefensible action.
We cannot accept any of these third party, sometimes absurd allegations as hard evidence, neither can anybody else who does not have unrestricted access to confidential original company accounts, minutes of meetings and internal and external correspondence. Therefore, were we to conclude that there was a scam going on, it would be pure conjecture, and that is morally and professionally irresponsible, and would leave us fairly justly liable, to prosecution for libellous actions. The majority of the supposed evidence so far,  has no covenance and in some cases is even unknown of by the correspondents. Being unverifiable non original data, it is simply not worthy of consideration for any practical purpose.
GAW are also a registered company, with a strong track record. We have no desire to participate in any clearly orchestrated campaign against a hard working company.

Where we list other registered companies, it is always after confirming beyond doubt, that the company is using faked covenance, or is non-existent. We aren't here to investigate legal entities, already subject to outside audit.

I will finish by saying that personally, I am pretty adept at spotting a fraud. I do not believe that any deliberate attempt is being made to defraud anybody by Josh Garza. I do believe that the real damage being done to investors is due to this core group of 'haters' who resent this innovation and this rightly perceived threat to their own interests, and as such are prepared to originate and fuel this disinformation, not excluding illegally obtaining discreditable and confidential correspondence.

This is not intended as investment advice.

Ultimately, there will be a definitive outcome to this ongoing debacle. We'd like to come out of it with our integrity intact as well.

ViK. Editor & Project Lead. March 24th 2015

So bizarre.

A kind of funny is: It's meant to defend GAW and Paycoin but the effect is presumably the opposite. No potential XPY-Investor will read this and think: "Yeah, let's buy some XPY!"

Those, who are still in XPY are playing with themselves now. Maybe some believers still think it's cheap but they're buying a hard lesson.

[DaveWave]

OMG.

Paycoin has made it to the front page of Digg this morning.

Probably not for the reasons Josh wanted lol.

[bitpop]

Favelle having a stroke

https://hashtalk.org/topic/34930/coinstand-could-easily-do-amazing-things-for-this-coin/

[jimmothy]

Favelle having a stroke

https://hashtalk.org/topic/34930/coinstand-could-easily-do-amazing-things-for-this-coin/

tl;dr:

The solution to Paycoin's hyperinflation/constant depreciation issue is finding an entity with unlimited funds to constantly buy xpy above market rates.

#economics

Can someone please get this guy an industry innovator badge?

[bitpop]

Favelle having a stroke

https://hashtalk.org/topic/34930/coinstand-could-easily-do-amazing-things-for-this-coin/

tl;dr:

The solution to Paycoin's hyperinflation/constant depreciation issue is finding an entity with unlimited funds to constantly buy xpy above market rates.

#economics

Can someone please get this guy an industry innovator badge?

Bitcoin is not viable because it requires reality

Meganet lost some brains again

https://hashtalk.org/topic/34890/the-future-of-xpy-is-bright-and-here-s-why-not-another-pump-speech

[cryptodevil]

Our position regarding GAW and Paycoin.

Is to stick your fingers in your ears, close you eyes and yell, "Lalalalalalalalalalalalalalala" over and over again until the bad people stop saying bad things about your bad investment.

Leaked emails, widely circulated, have been obtained illegally and are legally confidential. They must be disregarded

PAY NO ATTENTION TO THE FACTS BEHIND THE CURTAIN!!11!!!!

Besides, wasn't it discovered that the 'leak' was, in fact, down to some dingus at GAW not setting the Google group permissions properly?

The hacking of privileged company resources also indicates that the hacker may easily have fabricated these emails using hijacked services, or had physical access to those resources.

Can you explain how you come to this conclusion? Bit of a leap from one point to the next there, don't you think? "The bag may also have contained a pork pie" (classic movie reference there for the older members of the forum)

So, you are claiming that Mr Garza didn't, in fact, tell Rishabh that Cantor were just about to launch an exchange with BTC and XPY as the base currencies, in order to better lube him up for the reaming he was about to get?

Plus, there is still the elephant in the room concerning just how Mr Garza was introduced to a high-net-worth individual with 'banking problems', considering his direct association with a person and an organisation which specialises in dealing with high-net-worth-individuals.

I mean, ViK, have you considered the fact that this whole mess is actually far far bigger than you realise, what with Cantor being directly linked to it? It has been suggested that a company which specialises in services for high-net-worth individuals, when faced with a client they are legally unable to do business with, might pass on said contact to the personal associate of a member of Cantor's board who is looking to do a favour for a young enterprising 'genius' such as Homero?

[DaveWave]

Paycoin down to 38 cents now, suspect it's due to the front page coverage from digg.com

[Crestington]

I wonder how much BTC it would actually take to buy and dump at a lower price to finally put this poopcoin out of its misery... I am feeling rather philanthropic today...

Scott-

It would take about 20 BTC I would estimate to do something like that where you'd put buy orders for them to sell into and then immediately dump at a loss but then you'd also be spending a fair amount of BTC.

Well, sometimes, it's not about the $$ or BTC... it's about doing what needs to be done.

Scott-

When do you think Koinyx will be ready?

[cryptodevil]

Paycoin down to 38 cents now, suspect it's due to the front page coverage from digg.com

"there will always be people complaining about withdraws. Last week some could, some couldn't not. Depends on the amount, history of the user and other factors," Garza wrote in an email.

History of the user? Ah, that'll be whether they are cultist drones who will not immediately dump their holdings onto the market to escape what has become the Scientology of Crypto.

So, what you're actually saying is that withdrawals were permitted on an individual basis. There was no technical reason for users being blocked, it was all down to you and your cronies picking and choosing who could withdraw.

Reminds me of when you first got pulled on your 'cloud mining' ponzi and were asked how your operation functioned, with regards to whether you were in fact using newcomers money to make payments to existing clients and, in amongst the hand-wavy replies, you said that, "a percentage of the profits for ZenPool came from “day trading.” Which is the only possible other way you could have been actually able to claim you were not an out-and-out Ponzi, but this also meant you were gambling with everybody's money, which you aren't allowed to do.

I wonder how much "a percentage" actually equated to?

[bitpop]

You can only withdraw if you hodl, only Homero can dump, this is the xpy way

[keshuker]

Our position regarding GAW and Paycoin.

Ask yourself, why does badbitcoin site need to have a position on a coin that is "not a scam"? How many other non-scam coins do they have a position on? And how many of those are they promoting and hyping all over?

Is there another scam buster site that could add badbitcoin?

[coinits]

Our position regarding GAW and Paycoin.

Ask yourself, why does badbitcoin site need to have a position on a coin that is "not a scam"? How many other non-scam coins do they have a position on? And how many of those are they promoting and hyping all over?

Is there another scam buster site that could add badbitcoin?

right here

[Crestington]

Paycoin down to 38 cents now, suspect it's due to the front page coverage from digg.com

Wow its dumping again.  Looking for 0.0015 soon

Yep, 14628 sold in the past hour vs shy of 7000 bought.  Ganza trying to get out while he can at least get a couple quarters for his coins

Once it breaks 0.0018 it will quickly head down to 0.001 as there are no walls between there, people are getting frustrated with their Coins being held against their will. The longer PayBase is locked, the worse it becomes for price, if Josh keeps it shut there is less of a sell-off from Coins in circulation but people will continue to sell because of the restriction and lack of trust. He has to open PayBase withdrawals at some point else people will take legal action against him but if he opens it now, those 200k XPY flooding the market would easily cut the price in half.

Think this is FUD? No my boys, this is math and a lose/lose situation.

And it broke straight through 0.0018 with the only walls that will be looking to hold in the neighborhood of 0.0011 - 0.0013

People getting more angry and price dropping, the Hashstaker payouts would have dropped the price anyways so it would have been better to....

shh...let it happen

Except that I think CoinStand was supposed to be there to prop the price up for the release of the hashstakers to combat the drop except it turned out to be a flop so maybe Josh thought it was a good idea to hold onto them? or maybe it was supposed to be where he could sell into it to create some larger walls at a lower price and stave some of the sell off.

Either way I except all the FUD to get louder and the price to keep dropping until PayBase starts allowing withdrawls, maybe Josh would let it out little by little to try to stave off the fall but if it's just opened and the floodgates are released it's going to crash the price.

Does this mean this is this the end? Price is already at the tipping point for long-term holders to consider it a complete loss.

In my mind there is nothing that can save their rep now, no Coinstand or rocket ship that can save the negative reputation they have built, no one wants to try to catch a falling knife and unlikely to get future investors with such bad press. They complain that people have trolled it to death and they are right that a lot of people have a lot of time on their hands and a lot of opinion but all the people can't be wrong all the time.

I saw this quite early on in Crypto about reputation...

If everything was done in an honest way then anything uncovered (email and private messages etc.) would only serve to prove that something wasn't a scam and the same people involved would also defend that person with undeniable proof to counter the claims.

[Puppet]

In my mind there is nothing that can save their rep now, no Coinstand or rocket ship that can save the negative reputation they have built, no one wants to try to catch a falling knife and unlikely to get future investors with such bad press. They complain that people have trolled it to death and they are right that a lot of people have a lot of time on their hands and a lot of opinion but all the people can't be wrong all the time.

You lack imagination. XPY will skyrocket because to buy a single macbook on constrand, you are going to need a bazillion XPY. There are no bazillion XPY (yet) so the price will go ballistic. Simple economics.


yes, Im being sarcastic

[bitpop]

In my mind there is nothing that can save their rep now, no Coinstand or rocket ship that can save the negative reputation they have built, no one wants to try to catch a falling knife and unlikely to get future investors with such bad press. They complain that people have trolled it to death and they are right that a lot of people have a lot of time on their hands and a lot of opinion but all the people can't be wrong all the time.

You lack imagination. XPY will skyrocket because to buy a single macbook on constrand, you are going to need a bazillion XPY. There are no bazillion XPY (yet) so the price will go ballistic. Simple economics.


yes, Im being sarcastic

This, xpy let's you buy deprecated MacBooks for $0.35 and it's totally sustainable because Stuart frasier is giving away $100 million for free!

[cryptojumper]

i am still waiting for invites, registered with multiple emails and not a single invite  
where should i buy xpy if i would magically get one ?