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

[bitpop]

Josh Garza aka Homero Josiah is a psychopathic lying fraud

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[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.

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.

Hybrid-Flex Blockchain and Transaction Immutability coupled with the latest in cryptography and economic theory

[Honeycutt22]

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.

MOB - I think part of solution to a massive sell off is having this go POS... Also, the orion/prime controllers require the paycoin to stay in your wallet... So - I think a lot off the big players of paycoin, at least from the GAW mining scene, will be holding their coins.

This would be true with the large investors as well... From my understanding the real money to be made is in the controllers - which require the stake in paycoin to stay in the wallet.

Dunno if that will work and no one knows how much a prime controller will cost atm... So should be interesting to see how this pans out.

[bitpop]

There is no large investors, there is no Walmart or Amazon. There's nothing but homero taking your money period. He's going full ponzi.

[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?  

....

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.

MOB - I think part of solution to a massive sell off is having this go POS... Also, the orion/prime controllers require the paycoin to stay in your wallet... So - I think a lot off the big players of paycoin, at least from the GAW mining scene, will be holding their coins.

This would be true with the large investors as well... From my understanding the real money to be made is in the controllers - which require the stake in paycoin to stay in the wallet.

Dunno if that will work and no one knows how much a prime controller will cost atm... So should be interesting to see how this pans out.

The point still stands though. If 30% of the "average" people that have received no mining income in the last few months decides they want to actually break even, then that is an $80 hit to the market.

Personally, I think a 400% profit in 4 weeks is quite generous. Unbelievable so (clearly). You are really going to hold out for that extra 5% per year or the hope that Paycoin keeps going up?

[suchmoon]

MOB - I think part of solution to a massive sell off is having this go POS... Also, the orion/prime controllers require the paycoin to stay in your wallet... So - I think a lot off the big players of paycoin, at least from the GAW mining scene, will be holding their coins.

This would be true with the large investors as well... From my understanding the real money to be made is in the controllers - which require the stake in paycoin to stay in the wallet.

Dunno if that will work and no one knows how much a prime controller will cost atm... So should be interesting to see how this pans out.

There are a couple of issues with that though. One, staking is something like 5% APY, is that really enough of an incentive to avoid sell off. Two, that money still has to come from somewhere, i.e. real world income such as transaction fees. There is a reason why there is a 5 BTC bounty for outlining the whole plan - we urgently need one

[jimmothy]

Personally, I think a 400% profit in 4 weeks is quite generous. Unbelievable so (clearly). You are really going to hold out for that extra 5% per year or the hope that Paycoin keeps going up?

Not to mention those "financial backers" who bought "$100 million" worth paycoin for $2/coin will be sitting on a 1000% ROI right off the bat.

There is absolutely no chance that people hold this coin unless GAW makes it impossible to sell.

[the_game1224]

The point still stands though. If 30% of the "average" people that have received no mining income in the last few months decides they want to actually break even, then that is an $80 hit to the market.

Personally, I think a 400% profit in 4 weeks is quite generous. Unbelievable so (clearly). You are really going to hold out for that extra 5% per year or the hope that Paycoin keeps going up?

That is exactly what concerns me.  People have been "mining" with the impression that 400HP=1HC=$20 all while taking no other profits at the same time.
Sure it may be valued at $20 when first released to the public, however do you really think they are going to let everyone who wants to sell at that price do so with a buy wall to keep that value?
Not a chance.  Hope I'm wrong but I will be shocked.

[alienesb]

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

I'm not sure a press release on the wires is considered a paid advertisement. Anyway, I love the comments on there! If they got any more positive there would be rainbows and hand-jobs for all!

[raskul]

as i've said. i'll give it 12 minutes to all go tits up. can i set it to record or do I have to watch it live?

[Flep182]

I'm curious what this HashStaker is going to do.

On Black Friday, GAW will change the industry forever.

[jimmothy]

I'm curious what this HashStaker is going to do.

On Black Friday, GAW will change the industry forever.

It's really quite simple.

You give GAW your money and they give you the promise of profit.

[alienesb]

I'm curious what this HashStaker is going to do.

On Black Friday, GAW will change the industry forever.

It's really quite simple.

You give GAW your money and they give you the promise of profit.

PromiseCoin!

[galdur]

Meanwhile this carcass is still trading at Cryptsy

https://www.cryptsy.com/markets/view/PYC_BTC

[raskul]

Meanwhile this carcass is still trading at Cryptsy

https://www.cryptsy.com/markets/view/PYC_BTC

for once in you existence G, you have provided some interesting input to these forums.

you win a gold star (but the adhesive has worn off).

[bitpop]

Hashcoin hashstaker paycoin hashbase

Hybrid-Flex Blockchain and Transaction Immutability coupled with the latest in cryptography and economic theory

Amazon and Walmart invest $100 billion boom

[bitpop]

There is no large investors, there is no Walmart or Amazon. There's nothing but homero taking your money period. He's going full ponzi.

You probably never gave him your money, but in my case he actually gave me back mine and then some.
This unconstructive criticism in this thread is getting worse every day...

Fuck off shill

Aren't you supposed to be shilling at http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

[NeonTranceBadger]

Has anyone read the comments on the yahoo article. http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

Someone posted
"GAW has so far delivered on every promise made."

[raskul]

There is no large investors, there is no Walmart or Amazon. There's nothing but homero taking your money period. He's going full ponzi.

You probably never gave him your money, but in my case he actually gave me back mine and then some.
This unconstructive criticism sensible warnings from trusted forum members in this thread is getting worse me more and more anxious that i'm about to be screwed over every day any minute...

^FTFY

[suchmoon]

Has anyone read the comments on the yahoo article. http://finance.yahoo.com/news/gaw-miners-announces-plans-initial-120000855.html

Someone posted
"GAW has so far delivered on every promise made."

I bet those Vaultbreaker customers will be really happy to hear that.

In case you're wondering where the comments are coming from:

https://hashtalk.org/topic/19597