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

[Phildo]

The main mistake that the new developers made was not becoming a part of the Bitcointalk community, this is where all the developers are and the largest community so they should face everything head-on rather than quietly working away in the background.    quote; Crestington

The new developers would have been better served to scrap paycoin altogether and start afresh. Paycoin will always have a permanent "scam" tatoo despite best intentions.

The "new developers" are the old developers. This thing never had a shot. A coin needs to have a reason/purpose to have value. People don't like to admit it, but bitcoin's value comes from the fact that people were able to use it to buy drugs, and because of fraud on Gox.

Paycoin's purpose was to stall and come up with a way for Garza to get more money from muggles after the hashlet cloud mining scheme started to wind down. It succeeded. Continuing on after that is stupid. There are so many coins in the hands of scumbags and/or bagholders that there is no way for this thing to move back up.

Actually you are wrong. Bitcoins purpose, as well as any other cryptos, are for speculation right now. The value comes from speculation (which was pointed out per empty gox). Although no one wants to admit this because the vast majority of people have rose colored glasses on.


Change of topic, we need more Hitler videos. Those were funny!

Blind speculation is an even stupider reason to "invest," especially when so many coins are in the hands of unknown people (or in xpy's case) unknown scumbags and/or idiots.

[Phildo]

No, what they should have done was to scrap the Prime nodes to allow everyone to Stake at the same rate because then it would allow for small buyers to be able to make returns for Staking. The drop was inevitable without that floor to support price but atleast if able to Stake at a higher rate then the small players would have been able to offset some of that drop so they would have only lost 90% instead of 99.8%

The biggest thing that most everyone failed to realize was that when money goes into any Crypto, there must be the same amount of further investment for all previous holders to be able to make profit so you don't want a massive marketcap because you can't make those gains. Maybe there will be a time when the marketcap will be able to support all of it's holders but considering the low volume, it would have to be much lower than it currently is.

Kenny Rodgers said it best.

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for counting
When the dealin's done

Getting rid of the nodes after Garza and the lendcoin genius dumped the price to kingdom come would do nothing major. POS coins are a giant game of chicken, whoever dumps first wins. These coins have very little actual value to begin with, creating ANY out of thin air is just going to bring it down further. At least with POW coins the miners might not just dump everything they own and crash the price and get out because they'll be left with a useless piece of hardware. There is no downside to completely cashing out of a POS coin (there's also no downside for "speculators" cashing out of POW coins, or miners who have useless hardware due to the difficulty being so high because of people being bad at math).

[bumpershot]

Actually you are wrong. Bitcoins purpose, as well as any other cryptos, are for speculation right now. The value comes from speculation (which was pointed out per empty gox). Although no one wants to admit this because the vast majority of people have rose colored glasses on.


Change of topic, we need more Hitler videos. Those were funny!

I don't completely agree with this. There are a couple of things I buy occasionally with BTC, and I mostly keep some BTC around to have cash on hand for those purchases. I don't have some huge stake; I have enough for some basic utility without running to coinbase every time I want to buy something. Sure, most of BTC's value right now comes from speculation, but that's not necessarily unsustainable. The overwhelming majority of gold's value has always come from speculation, and that persists because the basic utility of it being pretty (and now of its use in electronics) acts as a floor.

Garza understood that a coin's use as a store of value must have some basic utility behind it as a foundation. He made some attempts at creating that utility; they just all failed as badly as his attempt to make a stable coin. There's no debit card, his half-assed attempt at building utility around a discount program failed mostly from failing to read TOS, and the discount site he created wasn't automated and required him to manually fill every order (as well as not having any sustainable model). He got the basic point that his coin needed to be used to succeed; he just never successfully executed any of his schemes to get his coin used.

I actually think his idea of leveraging a discount program and a transparent UI to give his coin utility was inspired. He just botched its execution.

[wpstudio]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review

http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

[Fargo]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review

http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

Nice article. So we should have an update friday.

[Xian01]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review
http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

[ladrx]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review

http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

Nice article. So we should have an update friday.

Let's all wish Carlos congratulations!

cargar28cargar@gmail.com

[favdesu]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review

http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

Nice article. So we should have an update friday.

Let's all wish Carlos congratulations!

cargar28cargar@gmail.com

nah, wasted time. he's probably too afraid to answer emails without an attorney...

[suchmoon]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review

http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

Nice article. So we should have an update friday.

Let's all wish Carlos congratulations!

cargar28cargar@gmail.com

nah, wasted time. he's probably too afraid to answer emails without an attorney...

What if the e-mail comes from free-attorney.org with a subject line saying "Scared? Don't know this type of law? No problem! We'll represent you in any and all SEC investigations, and we don't get paid unless you do!"

Not that I'm suggesting to do anything like that to Carlos. Leave the poor guy alone.

[Crestington]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review

http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

Nice article. So we should have an update friday.

Let's all wish Carlos congratulations!

cargar28cargar@gmail.com

nah, wasted time. he's probably too afraid to answer emails without an attorney...

What if the e-mail comes from free-attorney.org with a subject line saying "Scared? Don't know this type of law? No problem! We'll represent you in any and all SEC investigations, and we don't get paid unless you do!"

Not that I'm suggesting to do anything like that to Carlos. Leave the poor guy alone.

Not worth the time to email him and might border on harassment, there is probably quite a few here that never lost money on XPY anyways.

We've got some geniuses at work here, I wonder who suggested that he just tell the SEC that he was scared and frightened and wanted a lawyer? because that was an epic fail of an idea.

Per the Court’s Order, Garza has until September 4th to comply or show cause why he need not comply with the subpoena. The Garza case further illustrates that although fear-of-self-incrimination, when properly communicated via assertion of one’s Fifth Amendment Rights, may be a valid grounds for refusing to testify before the SEC, simply claiming general fear, nervousness or intimidation, is not enough.

[owlcatz]

Can't afford an attorney, but can afford to live here? Seriously? 

 http://www.trulia.com/property/3033538047-136-Hillcrest-Ter-Brattleboro-VT-05301

[bitpop]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review

http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

Lmao he's the laughing stock of the entire legal community

It's almost September 4, did he go back yet? Or is he going to jail for contempt? Might as well start his life sentence now.

[sirazimuth]

Yo Homero!, where ever you are ... Helloooo.... come on dude, man up. post somthin... anything!  you know you want to.
 how about like that thing you always did---->      <grinning>

that would make my day!!  

[owlcatz]

Yo Homero!, where ever you are ... Helloooo.... come on dude, man up. post somthin... anything!  you know you want to.
 how about like that thing you always did---->      <grinning>

that would make my day!!  

Lol. I think this is the best we can do, at least until more court docs come out or Coinfire drops some more clues.

[jbreher]

No, what they should have done ...

NoNoNo. There is no 'should have done'.

You continue to analyze as if the purpose of this coin was anything other than to extract a great slug of wealth from the ignorant, and put it in the pockets of Homero and possibly other insiders. Well it wasn't. Any such change you suggest would have led to the coin not fulfilling its prime directive as aforestated.

[o0o0]

hey guys, you realise this is the first higher profile publication the garzas made it into? wsj blog doesnt count. maybe the other 4 come tomorrow.....

wheres scamiam666 must be prepping for his next sec visit.

maybe we can rename scamiam666 to scarediam666

[truckinusa]

hey guys, you realise this is the first higher profile publication the garzas made it into? wsj blog doesnt count. maybe the other 4 come tomorrow.....

wheres scamiam666 must be prepping for his next sec visit.

maybe we can rename scamiam666 to scarediam666
[/qoute]

Paul Vigna and Michael Casey should be made aware that their article didn't count.  Their shilling for compensation was the legitimization for this whole scam.  I emailed them once and they didn't seem to care.  I wish I knew who their boss was.  I would write him an email too with a link to this new legal article.

paul.vigna@wsj.com  michael.casey@wsj.com

[favdesu]

so next episode is about to air tomorrow at prime? can't wait for the next genius stunt

[NoIdeaAsWell]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review

http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

Lmao he's the laughing stock of the entire legal community

It's almost September 4, did he go back yet? Or is he going to jail for contempt? Might as well start his life sentence now.

Scroll down a bit and you will see All crimes reported 1 mile from this address

All of that is clearly carlos and josh

http://www.trulia.com/property/3033538047-136-Hillcrest-Ter-Brattleboro-VT-05301#nearby/crime

[Crestington]

The "Garzas" have made a MAJOR publication... That's right Carlos is front and center on the National Law Review

http://www.natlawreview.com/article/just-how-scary-sec-fear-not-sufficient-grounds-to-duck-administrative-subpoena

Lmao he's the laughing stock of the entire legal community

It's almost September 4, did he go back yet? Or is he going to jail for contempt? Might as well start his life sentence now.

He's at the SEC as we speak.