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

[dooglus]

Also, when I hear the name "Big Vern"  It sounds like a guy you would hire to go and kneecap somebody, or buy a dodgy second hand car from.  

I kind of assumed that everyone would picture the Viz character:

[Biomech]

So what are the bankruptcy laws like from where you're from?

Pretty lenient in the US. First time. They look a lot closer ten years later...

[Bit_Happy]

Mullick, are you/Cryptsy aware that Garza has been dumping hundreds of thousands of xpy on your exchange? And more importantly do you care?

We have filed all the paperwork we are legally required to about such transactions. It would be illegal for us to stop them

And yes we care. Which is why we wanted to stop at least one prime node from dumping its coins

Im not the person to talk to about those type of legal matters though. Thats another department

It wouldn't be illegal to just take the fucking coin off the market. You guys are like a Rite Aid rationalizing selling meth over the counter because it's suddenly legal. You know it's bad for everyone involved, but hey, it's legal. Who cares if the people buying it are cashing in their children's college funds and believing that it's going to give them the ability to breathe underwater/fly?

Exactly how far on the wrong side of this do you guys want to be? Delist the coin. There's no excuse for further trading it. You shouldn't list any coin where anyone involved with it is under investigation, first and foremost. You're acting as a direct conduit from scam to payout.

Stop. Doing. That.

Help me out here who is under investigation that is involved with XPY?

LOL

It's a serious question.

Bitcoin startup GAW Miners reportedly under SEC investigation
Jan 20, 2015

The Securities and Exchange Commission (SEC) has opened an investigation of GAW Miners and its CEO Josh Garza, according to CoinFire, a Bitcoin news site, which on Tuesday cited “1,000 pages of a [leaked] investigation file."

GAW was first introduced to the Bitcoin public around a year ago, and first came about re-selling Bitcoin mining rigs. Later, the company shifted to cloud-based mining, and more recently, it introduced its own altcoin, dubbed “Paycoin.” GAW also runs its own cloud-based wallet service (Paybase), its own cloud-based mining service (ZenMiner) and its own online discussion board (HashTalk).

For months, there has been active speculation amongst the Bitcoin community that GAW may be a scam, or at least could be engaged in illegal behavior....
http://arstechnica.com/tech-policy/2015/01/20/bitcoin-startup-gaw-miners-reportedly-under-sec-investigation

Old news is old, how soon will they arrest him?

[miaviator]

Mullick, are you/Cryptsy aware that Garza has been dumping hundreds of thousands of xpy on your exchange? And more importantly do you care?

We have filed all the paperwork we are legally required to about such transactions. It would be illegal for us to stop them

And yes we care. Which is why we wanted to stop at least one prime node from dumping its coins

Im not the person to talk to about those type of legal matters though. Thats another department

It wouldn't be illegal to just take the fucking coin off the market. You guys are like a Rite Aid rationalizing selling meth over the counter because it's suddenly legal. You know it's bad for everyone involved, but hey, it's legal. Who cares if the people buying it are cashing in their children's college funds and believing that it's going to give them the ability to breathe underwater/fly?

Exactly how far on the wrong side of this do you guys want to be? Delist the coin. There's no excuse for further trading it. You shouldn't list any coin where anyone involved with it is under investigation, first and foremost. You're acting as a direct conduit from scam to payout.

Stop. Doing. That.

Help me out here who is under investigation that is involved with XPY?

LOL

It's a serious question.

Bitcoin startup GAW Miners reportedly under SEC investigation
Jan 20, 2015

The Securities and Exchange Commission (SEC) has opened an investigation of GAW Miners and its CEO Josh Garza, according to CoinFire, a Bitcoin news site, which on Tuesday cited “1,000 pages of a [leaked] investigation file."

GAW was first introduced to the Bitcoin public around a year ago, and first came about re-selling Bitcoin mining rigs. Later, the company shifted to cloud-based mining, and more recently, it introduced its own altcoin, dubbed “Paycoin.” GAW also runs its own cloud-based wallet service (Paybase), its own cloud-based mining service (ZenMiner) and its own online discussion board (HashTalk).

For months, there has been active speculation amongst the Bitcoin community that GAW may be a scam, or at least could be engaged in illegal behavior....
http://arstechnica.com/tech-policy/2015/01/20/bitcoin-startup-gaw-miners-reportedly-under-sec-investigation

Old news is old, how soon will they arrest him?

Old news is old.  2-3 more years based on general timelines.

Now show me where GAW Miners or Josh Garza own any prime controllers or PayCoin.

Unless you define involved as some guy on the internet who can't let go?

EDIT: You cited a source that cited coinfire.  Why not just cite the two subpoenas?

[bitpop]

Mullick, are you/Cryptsy aware that Garza has been dumping hundreds of thousands of xpy on your exchange? And more importantly do you care?

We have filed all the paperwork we are legally required to about such transactions. It would be illegal for us to stop them

And yes we care. Which is why we wanted to stop at least one prime node from dumping its coins

Im not the person to talk to about those type of legal matters though. Thats another department

It wouldn't be illegal to just take the fucking coin off the market. You guys are like a Rite Aid rationalizing selling meth over the counter because it's suddenly legal. You know it's bad for everyone involved, but hey, it's legal. Who cares if the people buying it are cashing in their children's college funds and believing that it's going to give them the ability to breathe underwater/fly?

Exactly how far on the wrong side of this do you guys want to be? Delist the coin. There's no excuse for further trading it. You shouldn't list any coin where anyone involved with it is under investigation, first and foremost. You're acting as a direct conduit from scam to payout.

Stop. Doing. That.

Help me out here who is under investigation that is involved with XPY?

LOL

It's a serious question.

Bitcoin startup GAW Miners reportedly under SEC investigation
Jan 20, 2015

The Securities and Exchange Commission (SEC) has opened an investigation of GAW Miners and its CEO Josh Garza, according to CoinFire, a Bitcoin news site, which on Tuesday cited “1,000 pages of a [leaked] investigation file."

GAW was first introduced to the Bitcoin public around a year ago, and first came about re-selling Bitcoin mining rigs. Later, the company shifted to cloud-based mining, and more recently, it introduced its own altcoin, dubbed “Paycoin.” GAW also runs its own cloud-based wallet service (Paybase), its own cloud-based mining service (ZenMiner) and its own online discussion board (HashTalk).

For months, there has been active speculation amongst the Bitcoin community that GAW may be a scam, or at least could be engaged in illegal behavior....
http://arstechnica.com/tech-policy/2015/01/20/bitcoin-startup-gaw-miners-reportedly-under-sec-investigation

Old news is old, how soon will they arrest him?

Old news is old.  2-3 more years based on general timelines.

Now show me where GAW Miners or Josh Garza own any prime controllers or PayCoin.

Unless you define involved as some guy on the internet who can't let go?

EDIT: You cited a source that cited coinfire.  Why not just cite the two subpoenas?

We got a truther up in here

[miaviator]

Daily news search returned a new hit:
https://en.wikipedia.org/w/index.php?title=Cantor_Fitzgerald

Archive:
https://archive.is/ZS3HS#selection-1053.0-1090.0

[strangerdanger101]

https://www.youtube.com/watch?v=8RpibXa082s&t=38m25s

[coinits]

This needs to be reported ASAP.  Cryptsy are colluding in a fraud.

Everyone's a communist, eh, McCarthy?

What did you use to wash the stench of dirty money off of you? Battery acid?

[miaviator]

https://www.youtube.com/watch?v=8RpibXa082s&t=38m25s

https://youtu.be/8RpibXa082s?t=19m28s

[bachel]

https://youtu.be/8RpibXa082s?t=1h8m27s

[dooglus]

One last comment before i get back to work

If we were to stop staking nobody would be able to verify we actually stopped. We could have just moved to a new address with new coins.

It's trivial to examine each block and see which PC key if any was used to stake it.

OK, so not trivial, but not hard either:

    https://github.com/dooglus/paycoin/commit/cd855e95

[Bit_Happy]

Mullick, are you/Cryptsy aware that Garza has been dumping hundreds of thousands of xpy on your exchange? And more importantly do you care?

We have filed all the paperwork we are legally required to about such transactions. It would be illegal for us to stop them

And yes we care. Which is why we wanted to stop at least one prime node from dumping its coins

Im not the person to talk to about those type of legal matters though. Thats another department

It wouldn't be illegal to just take the fucking coin off the market. You guys are like a Rite Aid rationalizing selling meth over the counter because it's suddenly legal. You know it's bad for everyone involved, but hey, it's legal. Who cares if the people buying it are cashing in their children's college funds and believing that it's going to give them the ability to breathe underwater/fly?

Exactly how far on the wrong side of this do you guys want to be? Delist the coin. There's no excuse for further trading it. You shouldn't list any coin where anyone involved with it is under investigation, first and foremost. You're acting as a direct conduit from scam to payout.

Stop. Doing. That.

Help me out here who is under investigation that is involved with XPY?

LOL

It's a serious question.

Bitcoin startup GAW Miners reportedly under SEC investigation
Jan 20, 2015

The Securities and Exchange Commission (SEC) has opened an investigation of GAW Miners and its CEO Josh Garza, according to CoinFire, a Bitcoin news site, which on Tuesday cited “1,000 pages of a [leaked] investigation file."

GAW was first introduced to the Bitcoin public around a year ago, and first came about re-selling Bitcoin mining rigs. Later, the company shifted to cloud-based mining, and more recently, it introduced its own altcoin, dubbed “Paycoin.” GAW also runs its own cloud-based wallet service (Paybase), its own cloud-based mining service (ZenMiner) and its own online discussion board (HashTalk).

For months, there has been active speculation amongst the Bitcoin community that GAW may be a scam, or at least could be engaged in illegal behavior....
http://arstechnica.com/tech-policy/2015/01/20/bitcoin-startup-gaw-miners-reportedly-under-sec-investigation

Old news is old, how soon will they arrest him?

Old news is old.  2-3 more years based on general timelines.

Now show me where GAW Miners or Josh Garza own any prime controllers or PayCoin.

Unless you define involved as some guy on the internet who can't let go?

EDIT: You cited a source that cited coinfire.  Why not just cite the two subpoenas?

I will try to help you with that, but my ToDo list is still very long. 

[miaviator]

https://youtu.be/8RpibXa082s?t=1h8m27s

ROFL!

The SEC calls Adam to say MrCEO is trying to extort him and it's false.

"They called to inform me that the allegations made by whoever was MrCEO in that chat about the sec were completely untrue." ~Adam

[bitillionaire]

https://www.youtube.com/watch?v=8RpibXa082s&t=38m25s

https://youtu.be/8RpibXa082s?t=19m28s

[NuShrike]

everything going like mr garza planned with Big Vern of Cryptsy (thx PRODIGI). i dont remember if this was posted before

Well, this breaks the last straw for me.

Between Ripple continuing to show 0 BTC value in the account balance for months now with tickets being deep-sixed, and other minor altcoins wallets being in "maintenance" for weeks/months+ with no news of resolution while XPY gets a kiss every few days ...

Moving everything from Cryptsy to someplace that values keeping things working.

[bitillionaire]

PS the guy with the huge headset and gray beard appears to live alone with a twin size mattress in the background.

[miaviator]

MrCEO will not preannounce what will happen on the 10th of April?

Even though he preannounced it on Feb 17 and March 11?

[miaviator]

PS the guy with the huge headset and gray beard appears to live alone with a twin size mattress in the background.

He might.  Let's see if he responds.

 

[cryptodevil]

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.

I do not understand. The only way how somebody who has lost money can recover anything is to somehow arrange somebody else to buy XPY. Money out to bagholders can only come from somebody new putting new money into the system. And with money I mean either BTC or fiat. Increasing XPY supply does not help anybody to recover anything.

So how do you make somebody pour new money into the system? By continuing the fraud. So helping poor bagholders equals continuing the fraud and there is no way to separate the two like you seem to want to do. Unless you can somehow magically turn everything around which I really doubt.

The other way of thinking is that if you do not spread the inflated coins equally to EVERYBODY you help somebody but at the same time you hurt somebody else because of this inequality. And if your purpose is to spread the inflated coins equally there is a much easier method to achieve exactly the same effect by refusing to inflate the coin in the first place. Refusing to inflate the coin has additional positive side effect of not creating bad blood towards anybody including the much larger community which works with other coins and hates this shitshow. The other and larger community of non-XPY people are also cryptsy customers which you could also think about a little bit.

You have placed yourself into a lose-lose situation.

This.This.and.This

@Cryptsy - What do you not get? This isn't Bitcoin and Gox, where the industry had to do what it could to try and recover user funds due to Gox being one of the biggest BTC exchanges in the world at the time. This is XPY, an altcoin pumped and hyped beyond anything the altcoin scene had witnessed, yet entirely absent useful features or innovative tech.

The ONLY people currently holding XPY are the ones who either didn't see or, as is more likely the case, refused to see the multiple signs of it being a ponzi/matrix scheme due to the repeated promises of the $20 'floor'.

We have people ranging from dodgy church leaders, to dodgy Indians with 'banking problems', to clueless noobs who thought this was how crypto worked and that everybody would win, apart from the 'Fudders and Haters' of course!

For you to try and continue justifying why you are supporting this coin's network while ignoring the fact that this project needs to desperately convince a whole bunch of new 'marks' to buy their bags is, at best, disingenuous and highly suspect. No commercial entity will touch this coin with a bargepole, one brief google search will tell anybody inclined to do even the tiniest amount of research that it is to be avoided at all costs.

So your target is only going to be the XPY faithful, whom you might be able to convince to buy in further because, you know, cheep coinz nomnomnom etc. etc. Which is not just morally bankrupt, it is really fucking sad because most of them are so balls-deep into this delusion they would likely believe a licensed exchange supporting their coin network is indicative that the coin will surely moon (soon).

[adipurnama]

https://github.com/PaycoinFoundation/paycoin/pull/70/files