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

[capsqrl]

am i the only one happy that the Hashtards pay no attention to this?

Something is getting through for a few minutes before getting deleted. https://hashtalk.org/topic/36585 (https://archive.today/EKkgO)

The consensus seems to be that the emails are fake, and everything in them are completely above-board.

[cryptodevil]

Definitely a kick in the head to the realities of investing so how much sympathy can you have? It can however be salvaged depending how they do it, it would probably be quite a while before people could make any ROI, if they could make it back.

Salvaged? As what?

Honestly, what do you see this altcoin ever being perceived as anything other than a harsh lesson in what scams to be on the lookout for in crypto?

[bronan]

I wonder whats not a scam in crypto ...

[FUBAR-BDHR]

Hrmm



Why is American Express emailing josh@gaw.com with the name: STUART A FRASER

Is there any way to tell if this is some kind of corporate card?  About the only legitimate reason I can think of are corporate cards that were issued to separate employees but the email goes back to one address.  The only corporate cards I've ever seen have the company name on them with some having employee id or name as secondary info not actually issued in a persons name.

[Crestington]

Definitely a kick in the head to the realities of investing so how much sympathy can you have? It can however be salvaged depending how they do it, it would probably be quite a while before people could make any ROI, if they could make it back.

Salvaged? As what?

Honestly, what do you see this altcoin ever being perceived as anything other than a harsh lesson in what scams to be on the lookout for in crypto?

There is a large community around it and they still have things partially done that can work if redesigned to benefit the holders and not just one or two people. Lots of dumb people but they still have a large amount of funds they could draw from and if you took the bad actors out then they might even see some returns.

[Crestington]

I wonder whats not a scam in crypto ...

Does it count if it's a legit Coin pretending to be a scam?

[vizique]

I wonder whats not a scam in crypto ...

The OFF button

More people should consider using it

[vizique]

Juliet is pretty nuts for having survived cancer, a husband and several kids. Time left to fuck Homero too.

That's nothing. Garza has a wife and two kids, but he still found the time to fuck thousands of people.

We have a winner!! LOL

*hat tip

[Adam_Allcock]

Definitely a kick in the head to the realities of investing so how much sympathy can you have? It can however be salvaged depending how they do it, it would probably be quite a while before people could make any ROI, if they could make it back.

Salvaged? As what?

Honestly, what do you see this altcoin ever being perceived as anything other than a harsh lesson in what scams to be on the lookout for in crypto?

There is a large community around it and they still have things partially done that can work if redesigned to benefit the holders and not just one or two people. Lots of dumb people but they still have a large amount of funds they could draw from and if you took the bad actors out then they might even see some returns.

The fuck? Have you gone full retard? You cant take thr bad actors out if they already hold millions of  coins. Beside the whole system is flawed its nothing but a pyramid scheme.

"Even make some returns".... Fuck i bet if you found paycoin at launch you would have been one of these gawtards.

[maildir]

rollin'

car before staff yo!

---------- Forwarded message ----------
From: Amber Messer <amber@geniusesatwork.com>
Date: Mon, Dec 29, 2014 at 4:21 PM
Subject: Miami/Party/California approvals needed
To: Josh Garza <josh@gaw.com>
Hello! Good Afternoon,
I wanted to get approvals on the Miami items before I book anything. We are running out of time.
•Are you okay with staying at The Ritz Carlton Miami Beach? I have booked your reservation here.
•Is it okay if I book your exotic car: Lamborghini Huracan $2150 a day? The car will be delivered to you at your hotel.
•Can I book a minivan for the staff? Amanda and or Luke can pick it up.
•I am planning on having a limo pick us up from the airport and dropping us off at the hotels.
•Is it okay to put the staff at The Clay, it is $143 a night?
•Megan Mordica is asking if she is allowed to come on this trip?
•Do you want the Security guy and VIP guy staying in the same hotel as you?
Party Items:
•We cannot do the party Sunday January 4th as discussed, that is this sunday and a week before Miami.
•It is just a lot all at one time and the dev team is still working on items to roll out It may be more enjoyable after everyone has a chance to catch their breath.
•I can look into February.
California:
•When do you want to schedule going and looking at properties?
•The conference that is happening in Cali is January 27th, it is one day and their speaking spots had already been taken. I personally do not think it is worth your time, going out for 1 day. However, I will make it happen if you still want to go.
Thank you!

[bitpop]

Anyone know if Enron investors went full retard? Is this common? I never saw anyone defend gox, bfl, neobee, knc. How did Homero find all retards in one place? 

[Crestington]

Definitely a kick in the head to the realities of investing so how much sympathy can you have? It can however be salvaged depending how they do it, it would probably be quite a while before people could make any ROI, if they could make it back.

Salvaged? As what?

Honestly, what do you see this altcoin ever being perceived as anything other than a harsh lesson in what scams to be on the lookout for in crypto?

There is a large community around it and they still have things partially done that can work if redesigned to benefit the holders and not just one or two people. Lots of dumb people but they still have a large amount of funds they could draw from and if you took the bad actors out then they might even see some returns.

The fuck? Have you gone full retard? You cant take thr bad actors out if they already hold millions of  coins. Beside the whole system is flawed its nothing but a pyramid scheme.

"Even make some returns".... Fuck i bet if you found paycoin at launch you would have been one of these gawtards.

I did find PayCoin at launch, I said it wouldn't work.

http://www.btcfeed.net/fraud/paycoin-next-big-scam-crypto/

This site seems to be managed by a try-hard. They are posting lies and then going step by step, supporting them with another lies.
Want a proof?

First sentence from the linked article "PayCoin (XPY) an altcoin backed by GAW miners, which is believed to be a scam," leads to another one: "Currently they are being investigated by the SEC for their questionable business model and their operations." Which is a lie. Somebody (probably the author of this "article") even made a fake screenshot of the site with scheduled GAW investigation, but there's no trace on the real site. http://www.sec.gov/litigation/admin.shtml
The question you should ask is why would anyone try to make people think they are being investigated.

People hold grudges, people don't like seeing things succeed that they themselves do not agree with, people believe they are right and everyone else is wrong.

People do what people do...

Give it a year or so and I'm sure you will think differently. It looks like you jumped on the IPO and are defending it because you are worried now that the price has dropped about 50% Typically IPO's with a very large buy-in tend to drop in price within the first month. You need critical analysis in order to make an informed decision otherwise you are trying to base your decision on hype and what the largest holders will tell you, which will always be through rose tinted glasses.

Code:

static const int64 MAX_MONEY = 2000000000 * COIN;
static const int STAKE_START_TIME = 1418470264; // Sat 13 Dec 2014 06:31:04 AM EST
static const unsigned int POW_START_TIME = 1418403600; // Fri 12 Dec 2014 12:00:00 PM EST
static const unsigned int POW_END_TIME = 1419181200; // Sun 21 Dec 2014 12:00:00 PM EST

2,000,000,000 total coins with 12,000,000 premine, current total coins 12,375,656. Means 375,656 POW but we have to minus the large POS blocks and early POW blocks (ill get to that).

Now I dont know the specs but I seen 500,000 XPY was the apparent POW supply which was incorrect and deliberately coded incorrectly to allow less POW blocks then indicated. If you were to allow a certain number of blocks you would allocate the POW change to block height, no time. By using Ntime you will usually a) confuse users as you are only estimating and b) always get it wrong. Block times are averages and using time instead of height is a deliberate method to reduce total coins. Now if we look at the stake start times, once again should be based off height not time, POS kicked in the day after launch. This then ensures less POW blocks are generated and more POS blocks, once again reducing total coins allocated to POW as more POW blocks are mined before the POW cut off time. Now even if total coins for the POW stage are not pre-announced, this method is what most devs use to allocate a greater % of total coins vs what they advertise.

Now 375,656 POW coins is fine I guess until we look at the POS blocks generated. So between block 9180 and 9229, 13,000 XPY were generated through POS. Between block 14200 and 14000, another 18,000 XPY were generated. When POW was disabled, we had a total count of 12,343,000 or 343,000 coin POW phase. Since that POW phase has ended a total of 33,800 XPY have been staked with all 32,700 XPY going to POS on premined coins and addresses, with only 900 XPY to the 341,000 POW owners. This is based on the code below and looking through the block explorer.

Stake Min and Max Age

Code:

static const int STAKE_MIN_AGE = 60 * 60; // minimum age for coin age
static const int STAKE_MAX_AGE = 60 * 60 * 24 * 5; // stake age of full weight

Primenode Requirements.

Code:

static const int64 NUMBER_OF_PRIMENODE = 50;
static const int64 MINIMUM_FOR_ORION = 50 * COIN;
static const int64 MINIMUM_FOR_PRIMENODE = 125000 * COIN;

Primenode Rewards.

Code:

if (primeNodeRate == 0)
        nRewardCoinYear = 5 * CENT;
    else if (primeNodeRate == 10)
        nRewardCoinYear = 10 * CENT;
    else if (primeNodeRate == 20)
        nRewardCoinYear = 20 * CENT;
    else if (primeNodeRate == 100)
        nRewardCoinYear = 100 * CENT;
    else if (primeNodeRate == 350)
        nRewardCoinYear = 350 * CENT;

Now using the previous figures, lets take a look at the yearly projection using the base that POS stage is 10 days old.

Primenode yearly POS XPY count 32,700 XPY * 36.5= 1,193,500 XPY (Total (BTC)51797.88806500)

POW nodes yearly POS XPY count 900 * 36.5= 32,850 XPY. (Total (BTC)1425.68967150)


As long as these match up to the projections and pre announcements, who cares I guess. These numbers are not 100% accurate, check the block explorer for an exact amounts.

Wow!

Talk about Ponzi!

With 5 days maximum age that means it limits all the smaller Blocks. The Coins from the premine will always push out the small players as those Coins that DO stake, compound with interest.

To limit the smaller Blocks can be good for the Coin, but you need a balance where the average person CAN stake their Coins.

This means that GAW has a nearly unlimited supply of Coins they can dump on the market.

[favdesu]

Garza just confirmed the mails are not fake.

MrCEO

MrCEO
 Admin
Moderator
Industry Innovator
@Legionarul said:

While I was buying all those "cheap" & "gift" paycoin, like many of us, Josh was dumping daily. Plenty of other evidences where it is crystal clear that Josh&GAW were dumping XPY, thus tanking the price day by day.
Josh, you are a disgrace for all the people that believed you.
3125.jpg
https://blockchain.info/address/1Ep5cvvkpnTPoiQgpC3UxkyckrVQSMxyTm

this is just getting silly. Going through my personal emails? You guys disgust me.

Every waking minute I spend trying to help payoin. This is getting old.

https://hashtalk.org/topic/36585/josh-withdrawing-a-total-of-544-6948-btc-after-dumping-on-cryptsy/24

[Adam_Allcock]

Definitely a kick in the head to the realities of investing so how much sympathy can you have? It can however be salvaged depending how they do it, it would probably be quite a while before people could make any ROI, if they could make it back.

Salvaged? As what?

Honestly, what do you see this altcoin ever being perceived as anything other than a harsh lesson in what scams to be on the lookout for in crypto?

There is a large community around it and they still have things partially done that can work if redesigned to benefit the holders and not just one or two people. Lots of dumb people but they still have a large amount of funds they could draw from and if you took the bad actors out then they might even see some returns.

The fuck? Have you gone full retard? You cant take thr bad actors out if they already hold millions of  coins. Beside the whole system is flawed its nothing but a pyramid scheme.

"Even make some returns".... Fuck i bet if you found paycoin at launch you would have been one of these gawtards.

I did find PayCoin at launch, I said it wouldn't work.

http://www.btcfeed.net/fraud/paycoin-next-big-scam-crypto/

This site seems to be managed by a try-hard. They are posting lies and then going step by step, supporting them with another lies.
Want a proof?

First sentence from the linked article "PayCoin (XPY) an altcoin backed by GAW miners, which is believed to be a scam," leads to another one: "Currently they are being investigated by the SEC for their questionable business model and their operations." Which is a lie. Somebody (probably the author of this "article") even made a fake screenshot of the site with scheduled GAW investigation, but there's no trace on the real site. http://www.sec.gov/litigation/admin.shtml
The question you should ask is why would anyone try to make people think they are being investigated.

People hold grudges, people don't like seeing things succeed that they themselves do not agree with, people believe they are right and everyone else is wrong.

People do what people do...

Give it a year or so and I'm sure you will think differently. It looks like you jumped on the IPO and are defending it because you are worried now that the price has dropped about 50% Typically IPO's with a very large buy-in tend to drop in price within the first month. You need critical analysis in order to make an informed decision otherwise you are trying to base your decision on hype and what the largest holders will tell you, which will always be through rose tinted glasses.

Code:

static const int64 MAX_MONEY = 2000000000 * COIN;
static const int STAKE_START_TIME = 1418470264; // Sat 13 Dec 2014 06:31:04 AM EST
static const unsigned int POW_START_TIME = 1418403600; // Fri 12 Dec 2014 12:00:00 PM EST
static const unsigned int POW_END_TIME = 1419181200; // Sun 21 Dec 2014 12:00:00 PM EST

2,000,000,000 total coins with 12,000,000 premine, current total coins 12,375,656. Means 375,656 POW but we have to minus the large POS blocks and early POW blocks (ill get to that).

Now I dont know the specs but I seen 500,000 XPY was the apparent POW supply which was incorrect and deliberately coded incorrectly to allow less POW blocks then indicated. If you were to allow a certain number of blocks you would allocate the POW change to block height, no time. By using Ntime you will usually a) confuse users as you are only estimating and b) always get it wrong. Block times are averages and using time instead of height is a deliberate method to reduce total coins. Now if we look at the stake start times, once again should be based off height not time, POS kicked in the day after launch. This then ensures less POW blocks are generated and more POS blocks, once again reducing total coins allocated to POW as more POW blocks are mined before the POW cut off time. Now even if total coins for the POW stage are not pre-announced, this method is what most devs use to allocate a greater % of total coins vs what they advertise.

Now 375,656 POW coins is fine I guess until we look at the POS blocks generated. So between block 9180 and 9229, 13,000 XPY were generated through POS. Between block 14200 and 14000, another 18,000 XPY were generated. When POW was disabled, we had a total count of 12,343,000 or 343,000 coin POW phase. Since that POW phase has ended a total of 33,800 XPY have been staked with all 32,700 XPY going to POS on premined coins and addresses, with only 900 XPY to the 341,000 POW owners. This is based on the code below and looking through the block explorer.

Stake Min and Max Age

Code:

static const int STAKE_MIN_AGE = 60 * 60; // minimum age for coin age
static const int STAKE_MAX_AGE = 60 * 60 * 24 * 5; // stake age of full weight

Primenode Requirements.

Code:

static const int64 NUMBER_OF_PRIMENODE = 50;
static const int64 MINIMUM_FOR_ORION = 50 * COIN;
static const int64 MINIMUM_FOR_PRIMENODE = 125000 * COIN;

Primenode Rewards.

Code:

if (primeNodeRate == 0)
        nRewardCoinYear = 5 * CENT;
    else if (primeNodeRate == 10)
        nRewardCoinYear = 10 * CENT;
    else if (primeNodeRate == 20)
        nRewardCoinYear = 20 * CENT;
    else if (primeNodeRate == 100)
        nRewardCoinYear = 100 * CENT;
    else if (primeNodeRate == 350)
        nRewardCoinYear = 350 * CENT;

Now using the previous figures, lets take a look at the yearly projection using the base that POS stage is 10 days old.

Primenode yearly POS XPY count 32,700 XPY * 36.5= 1,193,500 XPY (Total (BTC)51797.88806500)

POW nodes yearly POS XPY count 900 * 36.5= 32,850 XPY. (Total (BTC)1425.68967150)


As long as these match up to the projections and pre announcements, who cares I guess. These numbers are not 100% accurate, check the block explorer for an exact amounts.

Wow!

Talk about Ponzi!

With 5 days maximum age that means it limits all the smaller Blocks. The Coins from the premine will always push out the small players as those Coins that DO stake, compound with interest.

To limit the smaller Blocks can be good for the Coin, but you need a balance where the average person CAN stake their Coins.

This means that GAW has a nearly unlimited supply of Coins they can dump on the market.

So then dont lose your way and dont waste your time or have your name tainted even trying to contribute to the community. You know how this will end. The leaked emails are nails to its coffin. Evidence is too strong and media will blast the news every where.

[NSCrypto]

[Adam_Allcock]

Garza just confirmed the mails are not fake.

MrCEO

MrCEO
 Admin
Moderator
Industry Innovator
@Legionarul said:

While I was buying all those "cheap" & "gift" paycoin, like many of us, Josh was dumping daily. Plenty of other evidences where it is crystal clear that Josh&GAW were dumping XPY, thus tanking the price day by day.
Josh, you are a disgrace for all the people that believed you.
3125.jpg
https://blockchain.info/address/1Ep5cvvkpnTPoiQgpC3UxkyckrVQSMxyTm

this is just getting silly. Going through my personal emails? You guys disgust me.

Every waking minute I spend trying to help payoin. This is getting old.

https://hashtalk.org/topic/36585/josh-withdrawing-a-total-of-544-6948-btc-after-dumping-on-cryptsy/24

Im so happy they call this FUD. It only  confirm why i have no sympathy whatsoever to these "victims". Calling them victims is an insult to all other crypto scams in history.

[NSCrypto]

Garza just confirmed the mails are not fake.

MrCEO

MrCEO
 Admin
Moderator
Industry Innovator
@Legionarul said:

While I was buying all those "cheap" & "gift" paycoin, like many of us, Josh was dumping daily. Plenty of other evidences where it is crystal clear that Josh&GAW were dumping XPY, thus tanking the price day by day.
Josh, you are a disgrace for all the people that believed you.
3125.jpg
https://blockchain.info/address/1Ep5cvvkpnTPoiQgpC3UxkyckrVQSMxyTm

this is just getting silly. Going through my personal emails? You guys disgust me.

Every waking minute I spend trying to help payoin. This is getting old.

https://hashtalk.org/topic/36585/josh-withdrawing-a-total-of-544-6948-btc-after-dumping-on-cryptsy/24

Im so happy they call this FUD. It only  confirm why i have no sympathy whatsoever to these "victims". Calling them victims is an insult to all other crypto scams in history.

They aren't victims. They are perpetuating the scam.

[cryptodevil]

Wait, are you saying XPY has a max of 2 Billion?

Two fucking billion?

NXT is a 1 Billion coin platform with a staggering amount of properly crypto 2.0 features and a bright future ahead of it and it sits generally around the 4.5-5.5k sats range.

Are you telling me that XPY, with fuck all in the way of actual technical innovation, but with twice the number of coins, is worth even 2k sats?

[Adam_Allcock]

Garza just confirmed the mails are not fake.

MrCEO

MrCEO
 Admin
Moderator
Industry Innovator
@Legionarul said:

While I was buying all those "cheap" & "gift" paycoin, like many of us, Josh was dumping daily. Plenty of other evidences where it is crystal clear that Josh&GAW were dumping XPY, thus tanking the price day by day.
Josh, you are a disgrace for all the people that believed you.
3125.jpg
https://blockchain.info/address/1Ep5cvvkpnTPoiQgpC3UxkyckrVQSMxyTm

this is just getting silly. Going through my personal emails? You guys disgust me.

Every waking minute I spend trying to help payoin. This is getting old.

https://hashtalk.org/topic/36585/josh-withdrawing-a-total-of-544-6948-btc-after-dumping-on-cryptsy/24

Im so happy they call this FUD. It only  confirm why i have no sympathy whatsoever to these "victims". Calling them victims is an insult to all other crypto scams in history.

They aren't victims. They are perpetuating the scam.

Thats true. The fact that they try to censor any post negative to the scam...means just that.

Do you guys know Herbal Life? Very popular pyramid scheme in Asia. All of the members know its a scam but they still lie and find the next victim ...even among friends and family!...

[kken01]

i agree the attitude they give free us from having too much sympathy. they are willing marks. its their money, they can donate it to Mr. Gonzo if they want to.

not everyone is so fking stupid tho, its mostly people who have only invested few grands and hope to spend their tiny xpy on coinstand or some other crap. its not very interesting