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

[Revelation]

If I understood the scheme correctly, PayCoin is of no interest to Josh. His main scam was ZenCloud Ponzi. As any Ponzi it was about to pop when new inflows became less than outflows. However Josh came up with a clever idea to create PayCoin as an exit strategy from his Ponzi scheme. Many ZenCloud customers decided (or were forced) to withdraw their payments in PayCoins (with all the promises and lies behind PayCoin) instead of BTC. As a result Josh is now successfully closing his Ponzi scheme (ZenCloud) without actually defaulting on customer balances. As a side effect, Josh even managed to IPO some PayCoins to gullible investors and pocket extra profits.

I think that Josh closing ZenCloud and leaving PayCoin to someone else was his ultimate goal from the very beginning. Surprisingly, he is approaching this goal despite all revelations, hurdles and accusations.

[bumpershot]

If I understood the scheme correctly, PayCoin is of no interest to Josh. His main scam was ZenCloud Ponzi. As any Ponzi it was about to pop when new inflows became less than outflows. However Josh came up with a clever idea to create PayCoin as an exit strategy from his Ponzi scheme. Many ZenCloud customers decided (or were forced) to withdraw their payments in PayCoins (with all the promises and lies behind PayCoin) instead of BTC. As a result Josh is now successfully closing his Ponzi scheme (ZenCloud) without actually defaulting on customer balances. As a side effect, Josh even managed to IPO some PayCoins to gullible investors and pocket extra profits.

I think that Josh closing ZenCloud and leaving PayCoin to someone else was his ultimate goal from the very beginning. Surprisingly, he is approaching this goal despite all revelations, hurdles and accusations.

I think you have it backwards. His description of the KnC scheme implies he just did the cloud mining to build a "customer base" for the next product. He's made other statements to that effect on HashTalk. The goal all along was to sell Hashstakers and get his "customer base" using Paycoin to the point that he could sell paycoins at something near a $20 price point. That did not work, so bills aren't being paid, people are being laid off, and he's taking what he can get while drawing a $350,000 salary.

[CryptoBuds]

Remember April Fool's takes place on March 31st and obviously this is a strategy, the geniuses at HT finally figured it out!

Shaerox is by the way the most retarded one of all the Hashtards.

Jakxter is another one of the beautiful idiots.

[welchy8764]

If I understood the scheme correctly, PayCoin is of no interest to Josh. His main scam was ZenCloud Ponzi. As any Ponzi it was about to pop when new inflows became less than outflows. However Josh came up with a clever idea to create PayCoin as an exit strategy from his Ponzi scheme. Many ZenCloud customers decided (or were forced) to withdraw their payments in PayCoins (with all the promises and lies behind PayCoin) instead of BTC. As a result Josh is now successfully closing his Ponzi scheme (ZenCloud) without actually defaulting on customer balances. As a side effect, Josh even managed to IPO some PayCoins to gullible investors and pocket extra profits.

I think that Josh closing ZenCloud and leaving PayCoin to someone else was his ultimate goal from the very beginning. Surprisingly, he is approaching this goal despite all revelations, hurdles and accusations.

This is too good of a scam for him to have thought up.. Its more like he used the greed affect to his advantage and since his bullshit statements could go unchecked on HT with his paid trolls behind him. He almost pulled it off. Unfortunately the government is not one of his disciples. This is case study for future scammers  

[Revelation]

If I understood the scheme correctly, PayCoin is of no interest to Josh. His main scam was ZenCloud Ponzi. As any Ponzi it was about to pop when new inflows became less than outflows. However Josh came up with a clever idea to create PayCoin as an exit strategy from his Ponzi scheme. Many ZenCloud customers decided (or were forced) to withdraw their payments in PayCoins (with all the promises and lies behind PayCoin) instead of BTC. As a result Josh is now successfully closing his Ponzi scheme (ZenCloud) without actually defaulting on customer balances. As a side effect, Josh even managed to IPO some PayCoins to gullible investors and pocket extra profits.

I think that Josh closing ZenCloud and leaving PayCoin to someone else was his ultimate goal from the very beginning. Surprisingly, he is approaching this goal despite all revelations, hurdles and accusations.

I think you have it backwards. His description of the KnC scheme implies he just did the cloud mining to build a "customer base" for the next product. He's made other statements to that effect on HashTalk. The goal all along was to sell Hashstakers and get his "customer base" using Paycoin to the point that he could sell paycoins at something near a $20 price point. That did not work, so bills aren't being paid, people are being laid off, and he's taking what he can get while drawing a $350,000 salary.

He sold quite a lot of coins in the IPO and through ZenCloud. It is not clear how much coins he actually holds on his own. I don't think that he planned to sell the remaining coins at 20, but that is irrelevant given that he pulled the biggest IPO in alts.

[Minerjoe]

So its a scam and nobody s been doing anything about it???

[cooldgamer]

So its a scam and nobody s been doing anything about it???

Besides exposing their lies, there really isn't much we can do.  The SEC is already investigating, so for the moment we just try to destroy his credibility so people won't invest, and archive anything and everything.

[pointless1]

So its a scam and nobody s been doing anything about it???

You're looking at over 1400 pages of people trying to do something about it! The GH folks too. Then there's coinfire and the others that have written about it. And an SEC investigation that is continuing to expand with new subpoenas and other agencies getting in on it. That not enough for you?

[rawbot]

Poor fella. Can't seem to come to grips with the reality of the situation.

I think this one has a fairly good grip. There's some heavy trolling going on at HT. Subtle enough to evade the hammer.

Another reason they are getting away with it is because the hashtards are so damn stupid that it could so easily be one of them being serious.  Hashtalk is a great place to hone your trolling skills.

[paulh691]

I think the April fool was the one about Josh&Co not doing the dumping while paycoin, paybase and zencloud withdrawals were locked down/broken.  It was the cashtaker owners...

[Crestington]

I decided to only write based on the code...

Any ETA when Review for PayCon(-Code) and maybe later some other Coin ,too ?

Well I want it to be a good review as well so I pushed the 12 or so commits I had built up locally

While PayCoin is burning from all sides, PayCon is doing actual development and pushing real commits

March 31, 2015

Added delete address GUI

Added sorting based on weight and age to Coin control

Added Combo box for selecting Coins in Coin control based on age, weight, time etc.

Added sorting of transactions based on date range to keep track of Staked Blocks.

Fixed link to C-Cex to link directly to the PayCon market and changed the forum link to link to the Cryptoplays forums instead of paycon.slack.com

New Windows and Mac wallets will be sometimes next week as I also want to do some improvements to sync speed and litehashing to add more efficiency to CPU usage.

[vnhyp0]

I decided to only write based on the code...

Any ETA when Review for PayCon(-Code) and maybe later some other Coin ,too ?

Well I want it to be a good review as well so I pushed the 12 or so commits I had built up locally

While PayCoin is burning from all sides, PayCon is doing actual development and pushing real commits

March 31, 2015

Added delete address GUI

Added sorting based on weight and age to Coin control

Added Combo box for selecting Coins in Coin control based on age, weight, time etc.

Added sorting of transactions based on date range to keep track of Staked Blocks.

Fixed link to C-Cex to link directly to the PayCon market and changed the forum link to link to the Cryptoplays forums instead of paycon.slack.com

New Windows and Mac wallets will be sometimes next week as I also want to do some improvements to sync speed and litehashing to add more efficiency to CPU usage.

Are you in the right thread?

[Crestington]

I decided to only write based on the code...

Any ETA when Review for PayCon(-Code) and maybe later some other Coin ,too ?

Well I want it to be a good review as well so I pushed the 12 or so commits I had built up locally

While PayCoin is burning from all sides, PayCon is doing actual development and pushing real commits

March 31, 2015

Added delete address GUI

Added sorting based on weight and age to Coin control

Added Combo box for selecting Coins in Coin control based on age, weight, time etc.

Added sorting of transactions based on date range to keep track of Staked Blocks.

Fixed link to C-Cex to link directly to the PayCon market and changed the forum link to link to the Cryptoplays forums instead of paycon.slack.com

New Windows and Mac wallets will be sometimes next week as I also want to do some improvements to sync speed and litehashing to add more efficiency to CPU usage.

Are you in the right thread?

Of course I am in the right thread and it's about 51% on topic to be able to show that development (and a better Coin) can be made without collecting millions of dollars of ICO funds

[vancefox]

Wait a minute... did I just see this?

[Paul Revere]

Meanwhile, in Paycoin Paradise:


Amazingly, there are still pretty thick Buy Bids going up on Cryptsy. And it isn't Day Traders for the most part , either. Most of the dump purchases clearly do not get relisted at 5-10% above the dump purchase price to catch the next pump upswing, they are just being held after purchase. Completely nuts.

[suchmoon]

Wait a minute... did I just see this?

http://s14.postimg.org/ggbsmh1j5/Untitled.png

Are you looking at the market that has a whopping 1 BTC daily volume? 

But yes, it's a good photo-op.

[vObh0n]6W]

Always fun to see those ...

[Crestington]

Meanwhile, in Paycoin Paradise:


Amazingly, there are still pretty thick Buy Bids going up on Cryptsy. And it isn't Day Traders for the most part , either. Most of the dump purchases clearly do not get relisted at 5-10% above the dump purchase price to catch the next pump upswing, they are just being held after purchase. Completely nuts.

No joke, the fix to their Blockchain sync problems is like 5 lines of code and would take about 20 minutes but the real problem is that these issues have been present since launch and still unresolved. The new features etc. are easy to add and basically cost nothing but all focus has been on everything outside of the Blockchain when the focus should be on the core, but hey don't take my word for it, it's not like I could make something better spending less than $500 and a little help from some great people...

[Paul Revere]

A never ending stream of idiocy from Hashtalkers:
https://hashtalk.org/topic/35405/i-applaud-josh

Way to go Josh! Thanks for royally fucking everyone out of their investments and utterly failing on every promised project! Applause!

[msarro]

On Paybase:



GAWSOME!

GAW employees are such FUDders!