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

[ej4uo9aB1eiz]

+ of course selling fractional mining

Fractional reserve means you have all the cash, but it's locked in investments and not liquid.

Selling mining power you don't have is just fraud.

[Crestington]

Jason is also known as Master Yoshi, PaycoinGateway etc. He is not "some bit related to GAW".

I'm just trying to get this clear. GAW doesn't have control over paycoin.com, the Foundation does.

Ah right, sorry I get lost with all these random as brand names. I removed that part of my post.

What does it even mean to "own a Prime Controller"? I thought those were only hard-coded public keys in the Paycoin source code, and whoever has the corresponding private key controls them. This means you cannot transfer control from A to B, except if both parties trust that A has deleted all his copies of the private key after sending it to B.

You can copy keys, but you can't ever take them away from someone. Exactly the same as physical ones, in this case you can clone a new key for the door but you can't ever change the lock in the door. Two or more people now have control of it, as nobody ever bothered to write the "voting" code or whatever it was supposed to do in the first place. If they "transfer" control you're just relying on the person who owned it previously not to use it anymore.

Just a note on their Github.....

No commit they are doing actually does anything, it's all some spelling error fixes and Document fixes and the ironic part about it is that the solution to their change is what they took from PayCon, something I put in months ago, they did however miss something quite important in their changes.

manditory is also spelt as mandatory, they also changed a spelling of sucessfull to successfull

Could you remove the giant quote from your post? There's some incorrect stuff in there I edited out, I didn't realise paycoin.com wasn't owned by gaw (why the hell).

There's a few changes that actually do things, one of the more recent ones sets a hard fork date for when the Prime Controller stake rate gets cut down. Most of them are just fluff though to make it look like stuff is happening.

https://github.com/PaycoinFoundation/paycoin/commit/2abed74ac266b41675259c86d9ebc13448d62dbf

Code:

+// Reset all primenode stakerates to 100% after the given date
+static const unsigned int RESET_PRIMERATES = 1428321600; // Mon, 06 Apr 2015 12:00:00 GMT

http://paycoinfoundation.org/docs/PCAgreement_signed.pdf << you can see all the owners here that have signed (except Mr. Gonzo)

1 vote = 1 PC
so it adds up

Nathan Bass is one of the main devs hes the Inc3n3rator (something like that) on github along with Paycoindev which i think is matthew

we dont know about outside investors. i dont think theres any that are not producing services.. like Mineral exchange has its own PC but we cant classify the owner as real outside investor

edit:
its a fresh breeze that they try to be transparent. anything Mr. Gorgonzola does is veiled in a thick smog that always backfires

Wasn't Rashibh supposed to own some too? I could have sworn at one point it was claimed that all of them were bought by various people.

Which post in particular? I'll be fine to remove the quote if you think it's incorrect.

[kken01]

yes he will be in trouble most likely with his personal money
lets not forget the 350k GAW owes for electricity

would be cool to know how much his sugar daddy Stuart Fraser put in

[Crestington]

Which post in particular? I'll be fine to remove the quote if you think it's incorrect.

https://bitcointalk.org/index.php?topic=857670.msg11063626#msg11063626

Thanks.



https://en.wikipedia.org/wiki/Piercing_the_corporate_veil

He claims he has spent more than 1.1 million dollars of his own money on PayCoin related junk?

Edited it.

Also, in the one particular thing they are changing, they are still spelling "manditory"  

They also added in one of my own commits from PayCon

https://github.com/PaycoinFoundation/paycoin/commit/dee9f830f5474f0da57b6dad230a4dc5b68a037c

except they said they were going to give me some BTC and never did....

Basically the only two useful things they have added are already from things I've already done, like it's a godsend to be able to change the rewards.... They still have some 50-60 things to catch up on.

There's a few changes that actually do things, one of the more recent ones sets a hard fork date for when the Prime Controller stake rate gets cut down. Most of them are just fluff though to make it look like stuff is happening.

If you know what you are doing you don't want "fluff", it should be neat with as few commits as possible and everything grouped together.

[cryptodevil]

https://i.imgur.com/5HuYrUM.jpg

Looks like the operators of badbitcoin.org are really invested in Paycoin and lost money. Oh my. Too bad for them.

to continue that a bit: he is dissing CoinFire. im just wondering what his credentials are... random internet dude releasing stuff to back up a fraud

Well he wouldn't be able to crowd source for a lawyer anyways since hashtalkers all keep buying XPY so don't have any money left.

Awesome rebuttals by badbitcoin, too. The only ad-hominem missing it to call the coinfire guy ugly and smelly.

Seriously @badbitcoin, if all you've got in response to, what turned out to be a hell of a scoop by coinfire, is to complain about the fact that the facts were reported and spoiled your plans to get rich, and quick, then you seriously underestimated how impossible it was always going to be for Homero Garza to actually keep this bait-and-switch ponzi/matrix fraud going much longer than he already had.

Unless, of course, the plan was going to be for Cantor Fitzgerald's Stuart Fraser to introduce Homero's scheme to a plethora of high-net-worth-individuals-with-banking-problems one after the other until so many suspected criminals had been burned by the scam they could claim it was an undercover counter-terrorism operation to steal the illicit funds back from the 'bad guys'!

[Crestington]

Man it's been a while since I poked through the PayCoin github, these guys should not be doing repo work.

This Commit, they just take out the print because PRId64 doesn't build, except it's supposed to be PRI64d, lol

https://github.com/PaycoinFoundation/paycoin/commit/6b20f1d91cd4e6f44ecfd2707a61114693cf25bf

[Buckeye2015]

Unless, of course, the plan was going to be for Cantor Fitzgerald's Stuart Fraser to introduce Homero's scheme to a plethora of high-net-worth-individuals-with-banking-problems one after the other until so many suspected criminals had been burned by the scam they could claim it was an undercover counter-terrorism operation to steal the illicit funds back from the 'bad guys'!

You know, i hadn't thought of it before this point... but wonder if Fraser did guide his clients into this scheme... that's about the only explanation for how so many people can claim that they sunk six figures into this shit hole and not be ready to slit their throat over it. I know had I invested $100k and only 5 months later it was worth less than $1k... I'd be spewing shit all over the Internet about this scam. I can't think of anything, short of setting fire to actual $100 bills, that could piss away money that fast.

[benthach]

from $15 a coin to 0.18cent a coin, OUCH!!!

[tins]

Would somebody be kind enough to post the status of SEC investigation if there have been any updates in the past week (was away on vacation)?

[DaveWave]

Just listened to the Coinfire interview here https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-203-digging-in

Interesting that Josh has removed the post from ht promotiong it, guess he doesn't want his fans listening to it.

Anyway, interesting history lesson leading up to events, but, what was more interesting is what's coming up.

1. SEC investigation has now expanded to include IRS
2. Coinfire has had access to all Gaw's emails for some time now and has gone through them. This has given Mike enough proof to say that Josh is definitely lying to staff and investors, hasn't had the evidence to say this before.
3. Because of threats, Mike has laid low for some time but because of the end game is in sight, is now comfortable to talk openly again.
4. Going to be some interesting news/back stories coming within a few weeks (Hope he's not like Josh in this regard, but unlike Josh he has made past promises)

[Crestington]

Well atleast this "IngCr3at1on" guy has some idea of what he's doing but the way they've done their protocol cutoff is a bit strange, I guess we will see in a week whether or not it works but considering the spelling mistakes on words that shouldn't be misspelt, I don't have high hopes. I won't bag Team XPY too hard, seems like they've gotten over their head a bit and I'm glad someone is stepping up to take away the Primes from Josh.

[Crestington]

Would somebody be kind enough to post the status of SEC investigation if there have been any updates in the past week (was away on vacation)?

Josh got sued for $350,000 for an unpaid power bill last week.

Paycoin.com wallet was "hacked" a few hours ago for 250k XPY and more than 100k was sold into the market.

[paulh691]

MrCEO reminiscing about all those hundreds of thousands of merchants
another pump?

https://hashtalk.org/topic/36265

[mark7]

He can't even 'go dark' without completely fucking it up 

[Buckeye2015]

okay... so the major sell off happened @2am and cryptsy turned off trading around 4:30am (EST)... so, how at around 4am did garza know it was a hack and not just some holder dumping their position? The original sells were around 45k, 17k, 15k (in 15min blocks)... why did they jump to 'we're being hacked' and not think that someone just got fed up with it and dumped? I wonder who had access to the wallet.paycoin.com private keys. This sounds like josh making good on his "this is the end of paycoin" threat more than someone willing to hack a two-bit coin.

[bitpop]

MrCEO reminiscing about all those hundreds of thousands of merchants
another pump?

https://hashtalk.org/topic/36265

It's funny, some are actually questioning things. Those gawtards need to be punished by Homero.

[Buckeye2015]

MrCEO reminiscing about all those hundreds of thousands of merchants
another pump?

https://hashtalk.org/topic/36265

Ha! There's as much as 4.5 lines of text whited out of that message and the footer explicitly says the email doesn't constitute a contract. Mr big time CEO who is now complaining that others didn't follow their contracts is suddenly complaining that another company didn't follow through on an email that was probably just part of a inquiry process?

[boxhock]

https://hashtalk.org/topic/36267

Homero keeps going

[rawbot]

okay... so the major sell off happened @2am and cryptsy turned off trading around 4:30am (EST)... so, how at around 4am did garza know it was a hack and not just some holder dumping their position? The original sells were around 45k, 17k, 15k (in 15min blocks)... why did they jump to 'we're being hacked' and not think that someone just got fed up with it and dumped? I wonder who had access to the wallet.paycoin.com private keys. This sounds like josh making good on his "this is the end of paycoin" threat more than someone willing to hack a two-bit coin.

Very plausible.

[Paul Revere]

okay... so the major sell off happened @2am and cryptsy turned off trading around 4:30am (EST)... so, how at around 4am did garza know it was a hack and not just some holder dumping their position? The original sells were around 45k, 17k, 15k (in 15min blocks)... why did they jump to 'we're being hacked' and not think that someone just got fed up with it and dumped? I wonder who had access to the wallet.paycoin.com private keys. This sounds like josh making good on his "this is the end of paycoin" threat more than someone willing to hack a two-bit coin.

A couple weeks ago when the "hack" txids were released by TeamPaycoin, I traced XPY going from their wallets and doing the Homero Shuffle and some going in and out of GAW/Josh wallets, some staying in them, particularly "Santa's Wallet":

Here is a Cryptsy wallet (proof that it belongs to Cryptsy: https://chainz.cryptoid.info/xpy/wallet.dws?86840.htm)

https://chainz.cryptoid.info/xpy/address.dws?PHzFPA5exgURp5sACK5CxeSD9boLRFTdyP.htm

that has been receiving full staking rewards from a Prime Controller (https://chainz.cryptoid.info/xpy/address.dws?PBmP2LmrvspqMy9TrLeV6pYBaiKzFSdxvU.htm) over the last couple of days (e.g. of  a transfer https://chainz.cryptoid.info/xpy/tx.dws?482432.htm).

Staking rewards from Prime Controllers have two destinations - Cryptsy or this wallet aggregator (rank #2)

Since January 2015 around 2.5M coins were generated through staking, mostly from Prime Controllers. Out of these 1.28M sit in that #2 wallet, 0.42M still sit in Prime Controllers through larger balances (original balance for each Controller was 125k; Prime Controllers are ranked #6-55 in the rich list) which means that Josh & Co have dumped around 0.8M coins on the market. That is pretty impressive.

And that is not including the coins that came straight from the Pre-Mine and went to exchanges. I am rather busy today, but I traced back a couple of transactions from the Paycoin.com "hack", and I can say for sure that the outputs are linked to some of the same wallets associated with GAW/Josh and the shuffling of XPY on a massive scale, and also some of the "stolen" coins go straight back to some of the largest addresses in the TeamPaycoin/Paycoin.com wallet. This evening I will try to put something together, but for now here is some of what I found in a quick trace of the "hack" transactions.
This is the first txid in the list.
https://chainz.cryptoid.info/xpy/tx.dws?fcbb640f4a65476bd1794b613658fc12a5428e23676e6032cbdc8207d02b9279.htm
going forward it goes in and out of this wallet. This looks like bot action, and I will get to that other amount that went in and out after this...
https://chainz.cryptoid.info/xpy/address.dws?PDEYQFCKCG8HaptW5P6kHAu2Nk8JKmZW4U.htm
from which this group of 222 leaves in this transaction and is combined with 249 XPY taken from Cryptsy.
https://chainz.cryptoid.info/xpy/tx.dws?466510.htm
That group then lands in this old and well used address:
https://chainz.cryptoid.info/xpy/address.dws?PJDDaTtn5T23x84Uik4brAgfXUfy2NygEE.htm
That address directly received (after the usual shuffle) coins directly taken from the Pre-mine. However, back to this group of "stolen" XPY, they get combined with some other "stolen" coins IN this address, and leave in this transaction:
https://chainz.cryptoid.info/xpy/tx.dws?471787.htm
Where 1,000 are deposited into Cryptsy, and have not moved, and the other ~800 are sitting in this wallet here:
https://chainz.cryptoid.info/xpy/address.dws?PB1mqKFEBjxsoCnbod6dh62vmLn8ob5Xm1.htm

OK, so we know these "stolen" XPY went into and out of a wallet associated with the premine and with the paycoin shuffle that has been going on from day 1. Now, lets look at that group of 199 "stolen" coins, which are associated with this listed txid from the "hack". https://chainz.cryptoid.info/xpy/tx.dws?466257.htm  and bounce through the same shuffle address as the group of 222 traced before, this one:
https://chainz.cryptoid.info/xpy/address.dws?PDEYQFCKCG8HaptW5P6kHAu2Nk8JKmZW4U.htm
Following the group of 199 XPY forward we leave in this tx:
https://chainz.cryptoid.info/xpy/tx.dws?467447.htm
Where they combine with other "stolen" coins, some bouncing through a Cryptsy account. They then land as a group of 621 XPY in this address:
https://chainz.cryptoid.info/xpy/address.dws?PSb9znGtdYkZqcTcNg1i8ycadiRHYCDNg6.htm
This address is back in the Paycoin.com wallet, and appears to be one used to distribute to individual users addresses, perhaps someone has more information on this address? It has received and sent over 116,000 XPY since 1-16-2015. Whatever it is, that group of 621 XPY then leaves this Paycoin.com address (because thieves always put the money they stole back in the same bank for a while, just to fuck with people- right?) in this tx:
https://chainz.cryptoid.info/xpy/tx.dws?467454.htm and lands in another Paycoin.com wallet (these "thieves" are real jokers  ) here:
https://chainz.cryptoid.info/xpy/address.dws?PJCaAXtVDXgDoBoeuFoPqwM4bQCyWChToU.htm
Where it is mixed with a small amount of XPY, and then 155 XPY leaves in this tx, the rest remaining there until now.
https://chainz.cryptoid.info/xpy/tx.dws?481885.htm
It is combined with tiny amounts from other addresses (haven't traced)in that tx, and is now a 156.9 XPY group which goes to this address:
https://chainz.cryptoid.info/xpy/address.dws?PGWKtKvLfAFUxvmhzHkikXwPEc93tZz6eQ.htm
Which had another wayward group of 100 XPY go in and out. Havn;t followed those, but this group of 156.9 leaves in this tx yesterday: https://chainz.cryptoid.info/xpy/tx.dws?482838.htm where it is split into two groups; 100 and 56. Here is the address where the group of 100 goes, and still remains:
https://chainz.cryptoid.info/xpy/address.dws?PWG5UaTcFyVZquZRDWJ8LdjJUXbUbJSQBD.htm
I call this Santa's address, as it was created on 12-25-2014, and has received large amounts of XPY straight from the pre-mine, and has not seen any activity since 12-29 (no staking and non redeemed inputs, meaning it has not synched since then). It's current balance is 34,124.882546 XPY , ranked # 74 on the Rich List! Why did the "thieves" put the loot in this address? Who owns this? Why did they receive pre-mine? Why did the "stolen" XPY go here??? WTF?? These things all say inside job to me, I am sure someone will disagree.

To finish this little bit of sleuthing, the other 56 XPY shaved off in that transaction from which the 100 came from shuffle through this address: https://chainz.cryptoid.info/xpy/address.dws?PT5jJgfTHVjkgC5uRm5UUw92P56MzbYMHX.htm
leaving in this tx: https://chainz.cryptoid.info/xpy/tx.dws?484126.htm  They are split into two groups, one of 49 which goes directly to the 34,124 XPY address above, and the other 7 shuffling through this addy: https://chainz.cryptoid.info/xpy/address.dws?PQvaB9gNySbEQrYscq1k3wwhsX5co4QM2r.htm
Leaving in this tx: https://chainz.cryptoid.info/xpy/tx.dws?485232.htm where they are split into 2 groups (sound familiar yet?) , 5 going here
https://chainz.cryptoid.info/xpy/address.dws?PCucwVa23F7HZ7CXrYdBw7Ebn1rH29xutR.htm
and 2 going to the same 34.124 XPY address above.

These are either the stupidest hackers on the planet (putting 1,000 XPY in Crypsty and not touching it? Sending 800XPY to an address and leaving it? , sending stolen XPY back to where it came from, while the Paycoin.com wallets were supposedly offline, no less? Sending XPY to GAW wallets? Sending XPY to a wallet that has not synched since 12-29?) or, it was an inside job. Or of course some combination of those two things maybe.

P.S.: Surprise Surprise. The day after I posted that bit about some of the "stolen" XPY from TeamPaycoin ending up in Santa's Wallet, which had not synched since 12/29, that wallet went active and since then has moved a massive amount out (All of it):



https://chainz.cryptoid.info/xpy/address.dws?PWG5UaTcFyVZquZRDWJ8LdjJUXbUbJSQBD.htm

Taking a quick glance at the ~82,000 XPY group leaving, it goes into some Homero Shuffle addresses. In other words the last "hack"= Homero. I may spend some time and try to see what happened last night, but I know what I would bet on....