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

[dave01]

It's sad when you have to convince a company not to be complicit in fraud

We were never going to be. The whole point was for us to do everything we can to stop the fraud. And perhaps help a few people who lost a great deal of money to the whole mess of a situation to recover part of what they lost.

How the hell can anybody be believing this horseshit?  If anybody believes this you are on the wrong forum. You belong on Hashtalk.

I only come here to amuse myself

[bronan]

Ah, damn.  You are correct.  It does require 125k scam muggle coins.

What about the orion nodes though?  That should be the first 2 private keys from this list correct?  20%?  Those only require 50 coins.

If you really think that you get anything impressive with only 50 coins or even with 1000+ i can assure you its not.
They do probably less than 5% yearly, time will tell nobody can tell if the ones holding the huge amounts ( the foundation + developers ) will change things secretly behind closed curtains.
I still think they lucky ones who sold off everything they owned the first hour on cryptsy made a enormous profit.

[miaviator]

-snip-

So if enough people had these keys then everyone would get 100%??

I meant to say could I have 10 addresses in the prime activated wallet with 12.5k in each?

wallet total = 125k

would only show up as 12.5k on block explorers

I believe the coin splits wallets when a stake occurs so multiple addresses should stake the way you are talking about.   The question would be does it require a single 125K address to start staking?

[kken01]

I still want to have an official meeting before we reveal our plan with the controller moving forward. Ill make another update tomorrow. I don't think you will be disappointed

The Feds won't be disappointed either.

sounds good 

[Revelation]

Is that 100% per day?

It's based on 100% per year.  AFAIK

That's before compounding.  The current codebase requires manual scraping of stake in order to prevent compounding.

As much as I dislike XPY and GAW I do have to point out that there is not that big of a difference between 100% once per year staking and 100% with continuous compounding (assuming that coins stake continuously, i.e. over infinitesimal small intervals). In the former case the yield is 100% per year whereas in the latter it is (e-1)*100% ~ 171% per year.
I don't think that scrapping is helping much.

Btw, the difference in 350% case is much bigger: 350% vs (e^3.5-1)*100% ~ 3212%

[dave01]

It's sad when you have to convince a company not to be complicit in fraud

We were never going to be. The whole point was for us to do everything we can to stop the fraud. And perhaps help a few people who lost a great deal of money to the whole mess of a situation to recover part of what they lost.

How the hell can anybody be believing this horseshit?  If anybody believes this you are on the wrong forum. You belong on Hashtalk.

I only come here to amuse myself

Tsk Tsk mullick. You forgot to log out of your sockpuppet account.

And confuse things

[miaviator]

Where is Paul Revere?

I'm waiting for something like:

This is just another pump attempt to get people to buy coins (125K) so Homero can dump.

[Crestington]

Is that 100% per day?

It's based on 100% per year.  AFAIK

That's before compounding.  The current codebase requires manual scraping of stake in order to prevent compounding.

As much as I dislike XPY and GAW I do have to point out that there is not that big of a difference between 100% once per year staking and 100% with continuous compounding (assuming that coins stake continuously, i.e. over infinitesimal small intervals). In the former case the yield is 100% per year whereas in the latter it is (e-1)*100% ~ 171% per year.
I don't think that scrapping is helping much.

Btw, the difference in 350% case is much bigger: 350% vs (e^3.5-1)*100% ~ 3212%

Minimum Stake is 1 hour, I'm quite sure that would be much more than 171% per year, plus you can exploit the time drift (2 hour acceptance on 1 hour minimum stake) as well for even higher payouts.

I'm pretty sure you could have a looping amount of XPY sending to each other as well, tx fees are tiny so you can create millions of transactions with as little as 10-100 XPY.

[Revelation]

It's sad when you have to convince a company not to be complicit in fraud

"we were not doing it for any sort of profit"

You know, because Cryptsy is a charity, not a for profit company.   Please stop trying to play everyone for fools, Mullick.

Im not. Look at the addresses we provided the second we announced the node. No coins have moved. How has the benefitted cryptsy in any way?

It benefits in the long-term sense. You are holding an asset that you can sell at any time in the future. The fact that you didn't sell it over the course of 24h doesn't mean you don't own the asset and that you will not sell it in the future. It is a bribe no matter how you try to spin the story.

[Paid Piper]

https://infotomb.com/jovtx.jpg

[Franz_Huber]

Well this has backfired

The points I do want to make

1. We never wanted to profit off the prime node. And made it a point to make our addresses public so everyone could verify that

2. We wanted to give the people a vote. Currently its all ran by gaw and the paycoin foundation as well as other unknown parties. I think we can all agree its been a mess. We hoped this would at least give our users a say in what happens. As keeping our customers happy is the number one goal. Our vote essentially goes with the community

3. Any step paycoin takes that distances itself from gaw is a good step in my opinion. The keys were not going to be removed from the code so why not make it public and show people they now can verify those 3 controllers aren't dumping their coins. And now that we have a vote thats one vote in your favor towards removing them from the codebase all together as well as any other unknown controllers

Regardless. The overall feedback has been negative. We are open to any suggestions as to what to do with the controller. The only way cryptsy was going to benefit from this situation is if some good comes out of us having the controller in the communities eyes.

We wont be taking any more controllers that are offered to us

Thank you for a reasonable post. Although I find it hard to believe that you didn't realize the potential shitstorm - haven't you been following the drama surrounding one of your highest-volume coins?

As for best course of action - the problem is that the "community" will be very skeptical that Cryptsy will act in the best interests of said community. And who is the community Cryptsy is supposed to represent? Bagholders? Day traders? There is definitely some sort of ethical dilemma and/or conflict of interest here.

If we consider just the technical side the best thing to do would be to burn the stake and keep the principal coins locked up, until a fork is developed that gets rid of the unbalanced inflation. Not distribute to the users. Burning the stake would reduce the inflation and keeping the controllers would allow Cryptsy to still participate in the voting. But with only 3 votes I'm not sure it's really worth risking the bad publicity.

Thank you for this response. Its very reasonably written

Perhaps I was extremely naive in thinking this would go over well and people would understand we were trying the help the community and now GAW. I knew there would be some initial backlash. But I assumed when people saw we were being transparent with our addresses they would understand we were not doing it for any sort of profit

As far as the vote I completely understand people wont blindly trust cryptsy to vote in their favor. We were still working out ways to gauge interest before any vote of ours is placed. Wether that be a vote, poll or some other form of survey of the community.

I still want to have an official meeting before we reveal our plan with the controller moving forward. Ill make another update tomorrow. I don't think you will be disappointed

Delist XPY, for gods sake. You are digging yourself into the huge pile of crap that Paycoin is.

[kken01]

haha looks like hes high  

do you have the backside? wondering if he denied organ donation. would fit his profile

[Revelation]

Is that 100% per day?

It's based on 100% per year.  AFAIK

That's before compounding.  The current codebase requires manual scraping of stake in order to prevent compounding.

As much as I dislike XPY and GAW I do have to point out that there is not that big of a difference between 100% once per year staking and 100% with continuous compounding (assuming that coins stake continuously, i.e. over infinitesimal small intervals). In the former case the yield is 100% per year whereas in the latter it is (e-1)*100% ~ 171% per year.
I don't think that scrapping is helping much.

Btw, the difference in 350% case is much bigger: 350% vs (e^3.5-1)*100% ~ 3212%

Minimum Stake is 1 hour, I'm quite sure that would be much more than 171% per year, plus you can exploit the time drift (2 hour acceptance on 1 hour minimum Stake) as well for even higher payouts.

Nope. Under the assumption of continuous compounding (which is the limit) effective stake rate is 171.828%. 1 hour minimum stake rate brings the effective stake rate to 171.813% = (1+100%/365/24)^(365*24)-1)

[sublyme]

Hey guys, never posted here before, I have to admit i've been watching the fireworks here for several months though.  My name is Matt Cartwright, I am the individual that this post was written about:   http://www.reddit.com/r/litecoinmining/comments/1yh23g/has_anyone_here_sold_their_own_rig_on_ebay_and/

I have been forced to remain silent for a while because of an ongoing legal action Garza took against my spouse and I to silence us.  I am currently in a Pro Se counterclaim against Garza, you can confirm this by searching my last name in the leaked emails.  You will find much hilarity in seeing Homero and his lawyers sweat about the fact that I just didn't give a fuck and didn't bother throwing my money at an attorney which is exactly what Garza was hoping for.  I have fought him in court successfully so far without any legal representation.  

I am not here to brag that I saw this coming, I am just making myself known now that I feel moderately safe to do so.  I was originally offered the position of Founder and Chief Technological Officer of GAW Mining back in February, 2014, I very rapidly turned down that position upon getting to know our favorite slime-ball piece of shit Homero Josh Garza.  I was also the one who did most of the initial research on Homero Garza and attempted to contact his landlord's at 14 High meadow circle to warn them of what was coming.  

I attempted to stop him from taking the action's he has which have resulted in many investments lost.  I encouraged the owner's of that property to help me file criminal charges with the local authorities and they were more concerned that Garza was running an unauthorized business at the time than the fact that he was committing criminal offenses out of their home.  When I first made contact with them, the doctor's wife who owned the property actually interrogated me instead and never contacted me again or took any of my future calls.  Garza outlined his original plans to me early on last year and I chose not to join in on his scam corp.  Since I ended up fighting him I was sued and my small business was destroyed.  I'm extremely proud of the work this forum and gethashing has taken on to bring this horrific trainwreck of a ponzi scheme down and I hope he will be brought to justice soon.

On a less serious, more hilarious note:  I found something you guys haven't managed to catch yet.  If Garza is still in the U.S. he is hiding out in (possibly his family's) home garage.  

See: http://www.brattleboro.org/vertical/sites/%7BFABA8FB3-EBD9-4E2C-91F9-C74DE6CECDFD%7D/uploads/2014_Grand_List_Fo-Ho.pdf

and:  http://www.brattleboro.org/vertical/sites/%7BFABA8FB3-EBD9-4E2C-91F9-C74DE6CECDFD%7D/uploads/2012_GL_by_Owner_G-H1.pdf

Use Find:  Garza.  Note:  Garage/Dwelling Unit 3.

On another interesting and hilarious note that also ties Garza to Brattleboro, VT.  Here is a recent Brattleboro Police Press release:    http://brattleboropolice.org/press-release/

I think you guys will enjoy reading it.  Not a lot of shit happens in Brattleboro, but when the Garza's are in town, anything can happen.  I'm sure the Garza family is overjoyed that an entire city's press release is dedicated to one of their favorite children.

I will be happy to answer any questions on Garza's initial plans as of Feb. 2014.  Feel free to contact me.  Thanks guys.

[adipurnama]

people in HT like an idiot and a fool
they make ridiculous thread like trash
stupid ..... stupid .... once they
The world already knows paycoin is SCAME

Scame?

He's from Indonesia asswipe.

it looks like dirt humero chattering

[coinits]

Hey guys, never posted here before, I have to admit i've been watching the fireworks here for several months though.  My name is Matt Cartwright, I am the individual that this post was written about:   http://www.reddit.com/r/litecoinmining/comments/1yh23g/has_anyone_here_sold_their_own_rig_on_ebay_and/

I have been forced to remain silent for a while because of an ongoing legal action Garza took against me and my spouse to silence us.  I am currently in a Pro Se counterclaim against Garza, you can confirm this by searching my last name in the leaked emails.  You will find much hilarity in seeing Homero and his lawyers sweat about the fact that I just didn't give a fuck and didn't bother throwing my money at an attorney which is exactly what Garza was hoping for.  I have fought him in court successfully so far without any legal representation.  

I am not here to brag that I saw this coming, I am just making myself known now that I feel moderately safe to do so.  I was originally offered the position of Founder and Chief Technological Officer of GAW Mining back in February, 2014, I very rapidly turned down that position upon getting to know our favorite slime-ball piece of shit Homero Josh Garza.  I was also the one who did most of the initial research on Homero Garza and attempted to contact his landlord's at 14 High meadow circle to warn them of what was coming.  

I attempted to stop him from taking the action's he has which have resulted in many investments lost.  I encouraged the owner's of that property to help me file criminal charges with the local authorities and they were more concerned that Garza was running an unauthorized business at the time than the fact that he was committing criminal offenses out of their home.  When I first made contact with them, the doctor's wife who owned the property actually interrogated me instead and never contacted me again or took any of my future calls.  Garza outlined his original plans to me early on last year and I chose not to join in on his scam corp.  Since I ended up fighting him I was sued and my small business was destroyed.  I'm extremely proud of the work this forum and gethashing has taken on to bring this horrific trainwreck of a ponzi scheme down and I hope he will be brought to justice soon.

On a less serious, more hilarious note:  I found something you guys haven't managed to catch yet.  If Garza is still in the U.S. he is hiding out in (possibly his families) home garage.  

See: http://www.brattleboro.org/vertical/sites/%7BFABA8FB3-EBD9-4E2C-91F9-C74DE6CECDFD%7D/uploads/2014_Grand_List_Fo-Ho.pdf

and:  http://www.brattleboro.org/vertical/sites/%7BFABA8FB3-EBD9-4E2C-91F9-C74DE6CECDFD%7D/uploads/2012_GL_by_Owner_G-H1.pdf

Use Find:  Garza.  Note:  Garage/Dwelling Unit 3.

On another interesting and hilarious note that also ties Garza to Brattleboro, VT.  Here is a recent Brattleboro Police Press release:    http://brattleboropolice.org/press-release/

I think you guys will enjoy reading it.  Not a lot of shit happens in Brattleboro, but when the Garza's are in town, anything can happen.  I'm sure the Garza family is overjoyed that an entire cities press release is dedicated to one of their favorite children.

I will be happy to answer any questions on Garza's initial plans as of Feb. 2014.  Feel free to contact me.  Thanks guys.

[miaviator]

On another interesting and hilarious note that also ties Garza to Brattleboro, VT.  Here is a recent Brattleboro Police Press release:    http://brattleboropolice.org/press-release/

DUI WITH CRASH
April 24, 2015
Carlos R. Garza, 28, of Brattleboro

SGT WARNER

On 4-23-15 Brattleboro Officers responded to South Main St. at the intersection of Valgar St. regarding an overturned motor vehicle. Subsequent investigation led to the arrest of Carlos R. Garza, 28, for DUI. Garza will appear in court at a later date to face the charge.

Comments made here are the sole responsibility of the person posting them; these comments do not reflect the opinion of the Brattleboro Police Department. These posts encourage respectful discussions; please do not be offensive.

In Crash, DUITags Carlos R. Garza, Sgt Warner

[jackblacksparrow]

hanks guys.

LOL so it was him who left the voice mail

[bitpop]

MrCEO aka HashKing

[cryyptc]

It's sad when you have to convince a company not to be complicit in fraud

We were never going to be. The whole point was for us to do everything we can to stop the fraud. And perhaps help a few people who lost a great deal of money to the whole mess of a situation to recover part of what they lost.

^you are so liar & crook ... have josh call/email me when you talk to him today!    tia