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

[bumpershot]

Mordica and Capuano 100% knew that "hosted miners" didn't exist and were part and parcel to the conning of consumers. And they kept it up for months while the lies got bigger and bigger. They're not clean, and the leaked correspondence makes that clear. Capuano gets some respect for owning up to it, even going so far as to contradict the guys who are trying to give him a pass. Hopefully, not much will happen to him, as it really seems like he's not much of a risk for doing something like this again.

I'm still looking forward to the day the story comes out describing how this all started. When did "hosted miners" become virtual? Who's idea was it? How did multiple people think that that was okay?

[1715119543]

1715119543

[strangerdanger101]

OK SO I had a few things wrong but I'll let Joe explain it.

When you watch the video watch Joe poorly read from a script and the other fellow smirking its so shady its not even funny.

Funny the part I want starts at 4:20   far out man

http://www.youtube.com/watch?v=toYbyLd6v5s&t=4m20s

[Paul Revere]

 I have a simple question that many have been wondering about for a long time. What exactly is this picture of? Obviously these miners are not operational. Duh.   Are these miners from GAW's retail inventory that were unboxed for this staged photo-op to convince people that GAW had actual mining capability?



I said this before, but I think it is still fitting: Josh has his normal smirk, and Joe looks like he just lied to his grandma in these pics.

P.S: There are some that insist these pics are Photoshopped. To me they seem real. I guess the first question should be "Are these pics real", and then , if so, what do they show?

[suchmoon]

Mordica and Capuano 100% knew that "hosted miners" didn't exist and were part and parcel to the conning of consumers. And they kept it up for months while the lies got bigger and bigger. They're not clean, and the leaked correspondence makes that clear. Capuano gets some respect for owning up to it, even going so far as to contradict the guys who are trying to give him a pass. Hopefully, not much will happen to him, as it really seems like he's not much of a risk for doing something like this again.

I'm still looking forward to the day the story comes out describing how this all started. When did "hosted miners" become virtual? Who's idea was it? How did multiple people think that that was okay?

It looks like there were three "phases":

1) "hosted" miners were actually not hosted by GAW but rented hashrate somewhere in China, and it was unreliable (April-July 2014)
2) which led to getting rid of mining altogether (ZenCloud and later Hashlets, July 2014 - January 2015)
3) then hardware was ordered from Bitmain, so presumably some fractional mining was going on (October 2014 - January 2015)

I'd love to see jmordica's comments on this as he seems to have been part of the whole thing from the early Gridseeds to the unpaid MS Power bills.

[bumpershot]

It looks like there were three "phases":

1) "hosted" miners were actually not hosted by GAW but rented hashrate somewhere in China, and it was unreliable (April-July 2014)
2) which led to getting rid of mining altogether (ZenCloud and later Hashlets, July 2014 - January 2015)
3) then hardware was ordered from Bitmain, so presumably some fractional mining was going on (October 2014 - January 2015)

I'd love to see jmordica's comments on this as he seems to have been part of the whole thing from the early Gridseeds to the unpaid MS Power bills.

I don't think there's much evidence the hosted miners were virtual until June 2014. In June, there are statements about transitioning hardware and actually still selling hosted hardware that's real. I BOLDLY SPECULATE the hosting was legit for April and May 2014.

[jmordica]

To Eric and Joe back away from PayCoin 100% and destroy your coins. Prove it.

Actions speak louder than words. Publicly state that PayCoin is a pre-mined scam coin and the whole enterprise, and anyone involved with its development, promotion, or sale is a scammer.

I do not, nor have I ever, owned a single Paycoin.

I was never issued any by the company, nor have I ever purchased one from the company nor any person or exchange.

The only time I've ever interacted with Paycoin was building the company wallets and initial prime controller daemons.

TL;DR, I have no coins to destroy, kind sir.

In my opinion Eric has proven (and has been proven through documents I've read) he was one of the clean ones involved in the company and got out when he realized the big picture.  Joe on the other hand sits on the council of Primes. Off the top of my head he owns 5 PC's and is leasing some out to XPYtrust.

I will say this once again. I do not own anything (Paycoin or Prime Controllers). Hopefully this is clear. I never owned a Prime Controller. I never owned a single Paycoin (or a fraction of it). I was part of the team that worked on the Paycoin project. I was promised Paycoin among other things but never received any compensation/assets besides my salary while working at GAW (which I assume you have all seen by now).

I am a volunteer on the XPYTrust board which manages 5 Prime Controllers. I am in the process of putting together a bold approach to burn many of the Controller Coins and stake. When this proposal is finished I will present to Paycoin Foundation and XPY Dev for review. The plan consists of some of the items discussed a couple of pages back in this thread referring to a 50% cut of the coin and hyperinflation.

I believe this to be the only approach (if executed correctly) to give Paycoin a chance at survival. I will be offering up my position as a volunteer on the XPYTrust board if this approach (or something similar) fails to be successful and/or gets complete.

XPY has taking a beating (for obvious reasons) and may not be able to stand for much more without such drastic change to the current design.

Um Joe, we have all the emails where you blackmailed Josh Garza and then he came up with the offer of a prime controller(s) to pay you off. How do you reconcile this with your bullshit story? 

I was offered Prime Controllers that didn't belong to him. This was not my idea (as you can see from the email), although at the time I did consider the deal. Of course (if you read further in the email thread) I couldn't move forward with the deal as I was not comfortable with the situation of someone offering someone else's property as payment. Additionally I declined any future business relationship with Garza in the same thread.

Again, I have been a part (and even led) a business that I have many regrets of and welcome criticism for my actions. It's important to state that I'm not proud of this by any means. During my last couple of months at GAW I became someone I wasn't proud of and considered performing actions that I would have never considered before. This feeling is what led to my exit along with the decision to attempt to rebuild professional relationships with local businesses that were not compensated by GAW for their work during my time at GAW.

Given the opportunity by XPY Dev and the Paycoin Foundation to become a volunteer for XPYTrust was the least I could do to help the community and be a part of building the currency as originally intended. I thought I could begin to help those that lost so much during my time at GAW. My proposal to the Foundation and XPYDev will consist of a large coin burn along with ending the hyperinflation (which is not exactly what the white paper describes Paycoin to be but I feel it is necessary at this point).

[jmordica]

OK SO I had a few things wrong but I'll let Joe explain it.

When you watch the video watch Joe poorly read from a script and the other fellow smirking its so shady its not even funny.

Funny the part I want starts at 4:20   far out man

http://www.youtube.com/watch?v=toYbyLd6v5s&t=4m20s

Haha

* jmordica missed the Public Speaking 101 class..

[strangerdanger101]

I guess theres an article where Joe gave a statement.

Mordica claims he does not own the Prime Controllers, but that he does manage five of them for a “non-profit.” In addition, he states that he didn’t obtain them in any underhanded way.

    “I don’t own anything. I volunteer for a non-profit organization that manages the 5 Prime Controllers [Josh Garza] is referring to. I never ‘came into possession[‘] of anything so this is incorrect and documented. I believe you have seen the contract signed by XPY Dev and Josh that explains the terms of the transaction and how it took place? It seems Josh is attempting to personalize things. Again, I am volunteer supporting a cause I believe in with no income from any organization (simply because I was offered the opportunity to help businesses grow and maintain the value of Paycoin while doing so). Hopefully this helps.
    Additionally I was offered a Prime Controller by Josh and questioned its origin. After becoming aware that it belonged to the foundation, I declined the offer. I then declined future offers of employment by Josh.”

http://www.miningpool.co.uk/former-paycoin-developer-joe-mordica-speaks-about-gaws-power-bill-and-prime-controller-issue/

He doesn't own anything he "volunteers" for a non profit org that just happens to own 5 PC's looks nice on paper boys.

[eightcylinders]

ps:
i fully agree with Paul its integral in the grand scheme of things. currently Mr. Garbozo + co are staking at 100%. this thing is an ongoing fraud still. if you cant take posts that are spit-balling ideas maybe this is not the place for you, or you can check page 1 for updated details as they are confirmed. it would be a very dry and boring thread if there was no commentary/analysis along the way

I agree with Paul Revere on that point also... https://bitcointalk.org/index.php?topic=1033894.msg11155942#msg11155942

As long as Garza or GAW has any ability to dump more coins from the pre-mine or hyperinflation PCs, Paycoin should die.  So in the end, we may all be in full agreement because PaulRevere may be correct that there is no feasible way to blacklist all Garza controlled wallets.  My only point was that IF it could be done, I am not at all troubled by the legal or moral implications of blacklisting Garza controlled wallets in a hard fork ... not in the least if it could be done.

In any case, I have thick skin so I don't mind being skewered for things I actually say (as opposed to some who have made up or assumed things I did not say).   Not sure why you think I am particularly sensitive to criticism but in any case that is not true and I think you may have confused me with some other poster.

[deep.throat]

Given the opportunity by XPY Dev and the Paycoin Foundation to become a volunteer for XPYTrust was the least I could do to help the community and be a part of building the currency as originally intended. I thought I could begin to help those that lost so much during my time at GAW. My proposal to the Foundation and XPYDev will consist of a large coin burn along with ending the hyperinflation (which is not exactly what the white paper describes Paycoin to be but I feel it is necessary at this point).

Your 'efforts' will not help anyone. Wake up Joe - the reality is that you are helping the devils chosen to their rewards... nothing else. There is no redemption for the coin, the lost investments or anything else without liquidity - and your efforts do NOT address that issue. Period.

Grow the fuck up, and quick.

[strangerdanger101]

OK SO I had a few things wrong but I'll let Joe explain it.

When you watch the video watch Joe poorly read from a script and the other fellow smirking its so shady its not even funny.

Funny the part I want starts at 4:20   far out man

http://www.youtube.com/watch?v=toYbyLd6v5s&t=4m20s

Haha

* jmordica missed the Public Speaking 101 class..

haha ya i think i even saw spraypaint on  your finger 

[Buckeye2015]

I was offered Prime Controllers that didn't belong to him. This was not my idea (as you can see from the email), although at the time I did consider the deal. Of course (if you read further in the email thread) I couldn't move forward with the deal as I was not comfortable with the situation of someone offering someone else's property as payment. Additionally I declined any future business relationship with Garza in the same thread.

Again, I have been a part (and even led) a business that I have many regrets of and welcome criticism for my actions. It's important to state that I'm not proud of this by any means. During my last couple of months at GAW I became someone I wasn't proud of and considered performing actions that I would have never considered before. This feeling is what led to my exit along with the decision to attempt to rebuild professional relationships with local businesses that were not compensated by GAW for their work during my time at GAW.

Given the opportunity by XPY Dev and the Paycoin Foundation to become a volunteer for XPYTrust was the least I could do to help the community and be a part of building the currency as originally intended. I thought I could begin to help those that lost so much during my time at GAW. My proposal to the Foundation and XPYDev will consist of a large coin burn along with ending the hyperinflation (which is not exactly what the white paper describes Paycoin to be but I feel it is necessary at this point).

Regarding XPYTrust:
- Where and when was it incorporated. (An imaginary organization cannot 'own' anything, let alone prime controllers)
- When was the IRS application submitted?
- Who are the board of directors?
- Given the GAW history, will you guys post monthly financials to show that you are committed to transparency? After all, there are plenty of 501c3 that do nothing but funnel funds to the companies of closely associated individuals. So, the whole 'non-profit' angle is highly suspect, in and of itself, without any of the XPY background.

As a non-profit, you guys will be required to raise funds from the public or loose your 501c3 status, so it seems like this is the minimum that XPYTrust can do to (a) prove that it even exists beyond emails and forum messages, and (b) begin to have even a shred of credibility.  If the board of XPYTrust cannot do this THIS WEEK, actually even TODAY... then it's just another con game and there are individuals who own the prime controllers, not this imaginary XPYTrust organization that you 'volunteer' for.

[CryptoBuds]

To Eric and Joe back away from PayCoin 100% and destroy your coins. Prove it.

Actions speak louder than words. Publicly state that PayCoin is a pre-mined scam coin and the whole enterprise, and anyone involved with its development, promotion, or sale is a scammer.

I do not, nor have I ever, owned a single Paycoin.

I was never issued any by the company, nor have I ever purchased one from the company nor any person or exchange.

The only time I've ever interacted with Paycoin was building the company wallets and initial prime controller daemons.

TL;DR, I have no coins to destroy, kind sir.

In my opinion Eric has proven (and has been proven through documents I've read) he was one of the clean ones involved in the company and got out when he realized the big picture.  Joe on the other hand sits on the council of Primes. Off the top of my head he owns 5 PC's and is leasing some out to XPYtrust.

I will say this once again. I do not own anything (Paycoin or Prime Controllers). Hopefully this is clear. I never owned a Prime Controller. I never owned a single Paycoin (or a fraction of it). I was part of the team that worked on the Paycoin project. I was promised Paycoin among other things but never received any compensation/assets besides my salary while working at GAW (which I assume you have all seen by now).

I am a volunteer on the XPYTrust board which manages 5 Prime Controllers. I am in the process of putting together a bold approach to burn many of the Controller Coins and stake. When this proposal is finished I will present to Paycoin Foundation and XPY Dev for review. The plan consists of some of the items discussed a couple of pages back in this thread referring to a 50% cut of the coin and hyperinflation.

I believe this to be the only approach (if executed correctly) to give Paycoin a chance at survival. I will be offering up my position as a volunteer on the XPYTrust board if this approach (or something similar) fails to be successful and/or gets complete.

XPY has taking a beating (for obvious reasons) and may not be able to stand for much more without such drastic change to the current design.

What is the reasoning for the 100% stake rate on Prime Controllers?  Why do these people feel they deserve this high stake rate when PC's do absolutely nothing for the network?  If you are going to burn the stake, why have it that high in the first place?

GREED is what it seems like.  This coin is going  no where.  From one scammers hands to another.

[jmordica]

OK SO I had a few things wrong but I'll let Joe explain it.

When you watch the video watch Joe poorly read from a script and the other fellow smirking its so shady its not even funny.

Funny the part I want starts at 4:20   far out man

http://www.youtube.com/watch?v=toYbyLd6v5s&t=4m20s

Haha

* jmordica missed the Public Speaking 101 class..

haha ya i think i even saw spraypaint on  your finger 

That was probably ketchup from the burger in the background!

[WayForward]

Poor Homero has to rob apple stores to pay the lawyers off.

[truckinusa]

I get it, if Adam Matlack really lost $500k on this scamcoin to Josh, then I understand why he wants to wrestle control of it and perpetuate it.  If Joe wasn't paid by Josh, I get why he may have asked for compensation in any form.  

The thing I don't get is why the scam has to continue in virtually the same form and why the head scammer Josh has any stake in it whatsoever?

[mutha]

To Eric and Joe back away from PayCoin 100% and destroy your coins. Prove it.

Actions speak louder than words. Publicly state that PayCoin is a pre-mined scam coin and the whole enterprise, and anyone involved with its development, promotion, or sale is a scammer.

I do not, nor have I ever, owned a single Paycoin.

I was never issued any by the company, nor have I ever purchased one from the company nor any person or exchange.

The only time I've ever interacted with Paycoin was building the company wallets and initial prime controller daemons.

TL;DR, I have no coins to destroy, kind sir.

In my opinion Eric has proven (and has been proven through documents I've read) he was one of the clean ones involved in the company and got out when he realized the big picture.  Joe on the other hand sits on the council of Primes. Off the top of my head he owns 5 PC's and is leasing some out to XPYtrust.

I will say this once again. I do not own anything (Paycoin or Prime Controllers). Hopefully this is clear. I never owned a Prime Controller. I never owned a single Paycoin (or a fraction of it). I was part of the team that worked on the Paycoin project. I was promised Paycoin among other things but never received any compensation/assets besides my salary while working at GAW (which I assume you have all seen by now).

I am a volunteer on the XPYTrust board which manages 5 Prime Controllers. I am in the process of putting together a bold approach to burn many of the Controller Coins and stake. When this proposal is finished I will present to Paycoin Foundation and XPY Dev for review. The plan consists of some of the items discussed a couple of pages back in this thread referring to a 50% cut of the coin and hyperinflation.

I believe this to be the only approach (if executed correctly) to give Paycoin a chance at survival. I will be offering up my position as a volunteer on the XPYTrust board if this approach (or something similar) fails to be successful and/or gets complete.

XPY has taking a beating (for obvious reasons) and may not be able to stand for much more without such drastic change to the current design.

Um Joe, we have all the emails where you blackmailed Josh Garza and then he came up with the offer of a prime controller(s) to pay you off. How do you reconcile this with your bullshit story?  

I was offered Prime Controllers that didn't belong to him. This was not my idea (as you can see from the email), although at the time I did consider the deal. Of course (if you read further in the email thread) I couldn't move forward with the deal as I was not comfortable with the situation of someone offering someone else's property as payment. Additionally I declined any future business relationship with Garza in the same thread.

Again, I have been a part (and even led) a business that I have many regrets of and welcome criticism for my actions. It's important to state that I'm not proud of this by any means. During my last couple of months at GAW I became someone I wasn't proud of and considered performing actions that I would have never considered before. This feeling is what led to my exit along with the decision to attempt to rebuild professional relationships with local businesses that were not compensated by GAW for their work during my time at GAW.

Given the opportunity by XPY Dev and the Paycoin Foundation to become a volunteer for XPYTrust was the least I could do to help the community and be a part of building the currency as originally intended. I thought I could begin to help those that lost so much during my time at GAW. My proposal to the Foundation and XPYDev will consist of a large coin burn along with ending the hyperinflation (which is not exactly what the white paper describes Paycoin to be but I feel it is necessary at this point).

Oh goody another white paper... I do hope it has instructions on how to kill Frankenstein rather than giving Frankenstein bus fare into the cryptocurrency village.

The XPY coin is better off dead... just stab it with a fork until it stops moving and if it twitches stab it again, with your fork. Seriously there is no redeeming use value or validity to its existence... that is the bottom line.

[Buckeye2015]

I get it, if Adam Matlack really lost $500k on this scamcoin to Josh, then I understand why he wants to wrestle control of it and perpetuate it.  If Joe wasn't paid by Josh, I get why he may have asked for compensation in any form.  

The thing I don't get is why the scam has to continue in virtually the same form and why the head scammer Josh has any stake in it whatsoever?

Don't worry, when all the prime controllers come up for auction in june, josh will just get uncle stu to buy them back for him and it will be as if Jan-May never happened... well, except for that little SEC thingy.

[Paul Revere]

OK SO I had a few things wrong but I'll let Joe explain it.

When you watch the video watch Joe poorly read from a script and the other fellow smirking its so shady its not even funny.

Funny the part I want starts at 4:20   far out man

http://www.youtube.com/watch?v=toYbyLd6v5s&t=4m20s

Haha

* jmordica missed the Public Speaking 101 class..

haha ya i think i even saw spraypaint on  your finger 

That was probably ketchup from the burger in the background!

Spray paint?

[miaviator]

I get it, if Adam Matlack really lost $500k on this scamcoin to Josh, then I understand why he wants to wrestle control of it and perpetuate it.  If Joe wasn't paid by Josh, I get why he may have asked for compensation in any form.  

The thing I don't get is why the scam has to continue in virtually the same form and why the head scammer Josh has any stake in it whatsoever?

Why are you assuming Josh still has any stake in XPY?

This is the guy who doled out over 100% equity in his company.

All publications regarding the 50 Prime Controllers show "?" under the 15 controllers owned by Josh/GAW.  To date neither Josh, GAW, Phil Vadala, Mineral, Coinstand nor any other party has come forward to claim ownership?  Unless I missed it.