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

[reeko400.1]

http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

news time

So he has just run a paid ad campaign basically, no one will take interest if this is his big media whirlwind he was going on about. It's essentially a paid advert.

it's a press release. I receive hundreds in my inbox daily and these can be purchased for ~$40, sent to thousands of media outlets, in the hope that someone picks up the copy+paste and puts it on their blog. as is the case here.

funny, I work with the majority of national newspapers in the UK and I didn't get this press release, so whoever has been paid to send this out, hasn't done thier job properly 

Just watch him make an announcement about "WE MADE IT ON YAHOO FINANCE!!!" :grinning:

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[raskul]

http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

news time

So he has just run a paid ad campaign basically, no one will take interest if this is his big media whirlwind he was going on about. It's essentially a paid advert.

it's a press release. I receive hundreds in my inbox daily and these can be purchased for ~$40, sent to thousands of media outlets, in the hope that someone picks up the copy+paste and puts it on their blog. as is the case here.

funny, I work with the majority of national newspapers in the UK and I didn't get this press release, so whoever has been paid to send this out, hasn't done thier job properly  

Just watch him make an announcement about "WE MADE IT ON YAHOO FINANCE!!!" :grinning:

main page? http://finance.yahoo.com

OK, fair enough...

news page? http://finance.yahoo.com/news/

[Phildo]

I guess we know where the twice as much money that they needed is going.

[suchmoon]

http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

news time

Wow, this is pretty bold. "GAW Miners, one of the world's foremost bitcoin mining hardware manufacturers" - I'd like to see what "bitcoin mining hardware" they're manufacturing.

I think the only real news in the press release is that "Paycoin will be available to the public beginning January 2, 2015". Which apparently means no holiday shopping with our hard-earned hashpoints and missed Q4 deadline.

[NeonTranceBadger]

http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

news time

Wow, this is pretty bold. "GAW Miners, one of the world's foremost bitcoin mining hardware manufacturers" - I'd like to see what "bitcoin mining hardware" they're manufacturing.

I think the only real news in the press release is that "Paycoin will be available to the public beginning January 2, 2015". Which apparently means no holiday shopping with our hard-earned hashpoints and missed Q4 deadline.

Did you really think they would make their Q4 release.  I doubt they will make the January 2, 2015 release date. 

[Honeycutt22]

http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

news time

Wow, this is pretty bold. "GAW Miners, one of the world's foremost bitcoin mining hardware manufacturers" - I'd like to see what "bitcoin mining hardware" they're manufacturing.

I think the only real news in the press release is that "Paycoin will be available to the public beginning January 2, 2015". Which apparently means no holiday shopping with our hard-earned hashpoints and missed Q4 deadline.

Did you really think they would make their Q4 release.  I doubt they will make the January 2, 2015 release date. 

Argggg... This is disappointing... I really want to just sell my Paycoins for $20 a piece and be done with all this!!! I'm very doubtful that I'll be able to do this though... Just don't see this working out as intended.

[MOB]

Of course this will not work out as intended.

Right now everyone is giving GAW interest free loans. They will keep riding that until the fanboys start an uprising on Hashtalk. Delays, after delays, after lack of clear timing.

What day did the Paycoin pool come up? This will be around ~2 months of forced no payouts for all GAW customers?

I guess we will see if Zenpool maintains its barely mineable state, or sink back down again.


My Predictions:
1. The Paycoin pool is mining doing whatever to provide GAW with what they thing will be enough capital to support their ludicrous $20/coin. Once you have taken enough coupons, then you will finally be allowed to pay yourself back.

2. You will not be able to trade a Paycoin for BTC/fiat for another 100 days.


edit: That yahoo finance is a placement GAW paid for, not that is "news." No one is in doubt about, right?

[geegaw]

It is cute that everytime his annoucements do not receive the response he expects, he throws out a bag of candy to the kids to settle them down. After the cricket field of silence from this dud what is now known to be nothing more than a paid press release, the bag of candy is the bizzaro request for a suggestion who should be the celeb spokesperson for the toy coin.

PayCoin - Celebrity Spokesperson? Who would you like?

How about for nostalgia's sake the one and only.....

[bitgeek]

Also are you guys aware that even ltcgear is dropping faster then a brides nighty.

http://i1326.photobucket.com/albums/u655/crazyperson1011/test/13/lol_zpsc38b657e.png

As the idiot behind that chart, I think you're using it out of context... duh, of course any hashpower loses value over time...(unless you buy $50 MH/s at GAW of course!), this chart is more appropriate for the discussion, which shows you approximately what each dollar you spend (minus any fees) will get you:

https://i.imgur.com/7zWf0UW.jpg

And it shows you are going to the bottom just like on his chart only slower.

Check you're e-mail :-

The HashStaker is Almost Here.
On Black Friday, GAW will change the industry forever.

Sure hope so.

[jimmothy]

http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

news time

Wow, this is pretty bold. "GAW Miners, one of the world's foremost bitcoin mining hardware manufacturers" - I'd like to see what "bitcoin mining hardware" they're manufacturing.

I think the only real news in the press release is that "Paycoin will be available to the public beginning January 2, 2015". Which apparently means no holiday shopping with our hard-earned hashpoints and missed Q4 deadline.

Did you really think they would make their Q4 release.  I doubt they will make the January 2, 2015 release date. 

Argggg... This is disappointing... I really want to just sell my Paycoins for $20 a piece and be done with all this!!! I'm very doubtful that I'll be able to do this though... Just don't see this working out as intended.

Just a little further and you'll get the carrot!

[bitpop]

Scam, fraud, jail

They even have fake venture capitalists on Twitter saying they're buying $100 million of their shitcoin

[raskul]

Scam, fraud, jail

the inevitability of this statement fills me with glee.

[bitpop]

What kind of idiot gives this piece of shit money. He looks like a turd. And yes, they're idiots because they're only in it to get rich quick. He's the kind of guy who has a face you just want to beat in with a metal bat.





Look at him enjoying your money. Looks like Mexico

[suchmoon]

Here is some math to illustrate just how bizarre this thing is and also why nobody seems to mind the deadlines being pushed out.

You can buy a ZenHashlet on the Market for less than 13 USD at the moment. It "mines" 19 hashpoints per day. End of round 2, i.e. when hashpoints become PayCoin is 13 days away. So by that time your Zen will have mined:

Code:

19 * 13 = 247 hashpoints

Conversion rate is promised to be 400 hashpoints for 1 PayCoin, and 1 PayCoin for 20 USD. In 13 days your Zen will have mined:

Code:

247 / 400 * 20 = 12.35 USD

Nearly 100% ROI in 13 days and you still have the Zen, which you can sell in the Market or keep mining ZenPool. Now imagine if GAW "by popular demand" extends hashpoint mining for another two weeks - this will DOUBLE the profits. Who wouldn't want that?

Any questions?  

[raskul]

Here is some math to illustrate just how bizarre this thing is and also why nobody seems to mind the deadlines being pushed out.

You can buy a ZenHashlet on the Market for less than 13 USD at the moment. It "mines" 19 hashpoints per day. End of round 2, i.e. when hashpoints become PayCoin is 13 days away. So by that time your Zen will have mined:

Code:

19 * 13 = 247 hashpoints

Conversion rate is promised to be 400 hashpoints for 1 PayCoin, and 1 PayCoin for 20 USD. In 13 days your Zen will have mined:

Code:

247 / 400 * 20 = 12.35 USD

Nearly 100% ROI in 13 days and you still have the Zen, which you can sell in the Market or keep mining ZenPool. Now imagine if GAW "by popular demand" extends hashpoint mining for another two weeks - this will DOUBLE the profits. Who wouldn't want that?

Any questions?  

when the $20 becomes 0.000000020cents 12 minutes after launch, what then?

[bitpop]

Amazon and Walmart will not only accept hash coin, they will be investing! Don't mind the spelling errors!

http://gawminers.eu/news/think-figured-joshs-plan/

As for the financial support, well, names like Wallmart and Amazon throwing down a million dollars each have taken care of that.
Retailer support, again, Amazon, Wallmart, etc.
But again, there’s nobody mining the coins… And here comes ZenCloud.

First of all, I’d guess that nobody on zencloud has actually mined any bitcoins, ever. I’d suggest that we are all mining the hell out of HashPoints. I don’t mean you personally, I mean behind the scenes. Our miners are producing HashPoints, which @gaw_ceo is then selling to the retailers. With the profits, he then buys bitcoins to cover the payouts.

[raskul]

Amazon and Walmart will not only accept hash coin, they will be investing! Don't mind the spelling errors!

http://gawminers.eu/news/think-figured-joshs-plan/

can anyone set up a darknet market for paycoin  that'll help?

[MOB]

Here is some math to illustrate just how bizarre this thing is and also why nobody seems to mind the deadlines being pushed out.

You can buy a ZenHashlet on the Market for less than 13 USD at the moment. It "mines" 19 hashpoints per day. End of round 2, i.e. when hashpoints become PayCoin is 13 days away. So by that time your Zen will have mined:

Code:

19 * 13 = 247 hashpoints

Conversion rate is promised to be 400 hashpoints for 1 PayCoin, and 1 PayCoin for 20 USD. In 13 days your Zen will have mined:

Code:

247 / 400 * 20 = 12.35 USD

Nearly 100% ROI in 13 days and you still have the Zen, which you can sell in the Market or keep mining ZenPool. Now imagine if GAW "by popular demand" extends hashpoint mining for another two weeks - this will DOUBLE the profits. Who wouldn't want that?

Any questions?  

You are right Suchmoon--obviously GAW could never cover all of the "paycoins" being supposedly mined. My prediction could thus never be met. GAW will never release a coin that stays at $20 in a free market.

The question becomes, is there any hope in hell of GAW being able to devote enough money to meet the sustained selling if this coin ever launches?

Its too bad that Josh refuses access to any statistics regarding precise size of Zenpool or Hashpool, but I guess that is understandable as otherwise people could ask some very inconvenient questions.

Also, if Josh was telling us the truth about how many customers they have and their average buy-ins, then we can take that:

Code:

 225,000 customers * 38MH ($500, the minimum amount a customer spends on "average" at GAW/week divided by Zenhashlet) * 30 days * 19HP/day = 4,873,500,000 HP. 

Convert to PayCoins @ 592,800,000/400 = 12,183,750 PayCoins * $20/coin = $243,675,000 valuation on day one. 

Now imagine if 30% of these people decided, that after a month of no income, they want to get ROI? That would be an $80 million bite taken out of Josh's floor. What if people notice that gigantic action and panic make the smart move to sell everything?

What is the size of Josh's floor? Is is $33 million, or did he raise it up to $100 million?

Better hope that "venture capitalists" don't get to the market first since their $2/coin buy-in will allow them to sell this sucker into unprofitable mining territory.

[bitgeek]

What kind of idiot gives this piece of shit money. He looks like a turd. And yes, they're idiots because they're only in it to get rich quick. He's the kind of guy who has a face you just want to beat in with a metal bat.

Somehow I know you heard this a lot in your life.
Don't be mad even retards like you can make money with a bit of determination.

[mpmcsweeney]

"Not buying advertisements": http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html