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

[elkrisi]

So I am paying $9.95 for the privilege of locking my PayCoin for the next 3-6 months.

What a brilliant move!

GAW will not only lock away their coin and keep people from cashing out after 1 month of virtual mining virtual company coupons, they will get paid USD to do it  

[chmick]

congratulations, you just funded a pre-mine, pre-order, premature ejaculation.

Thanks for your congrats . It reminds me the posts some wrote when I bought my primes at 16$ . Like a humorist said once . As long as i win ,  i'll play .
Let's see if I win again . that's part of the game , there is a risk . When I see the price of the prime going up , I assume I'm not the only thinking this.

herein lies the problem, of course you are not the only one thinking, and acting in this way.
but look at it this way... there is always a saturation point... you (and the rest of the deluded) are going to continue buying and selling from each other and that is where the long scam perpetuates.
the rest of the world are not going to adopt this. it's going to go as every other alt goes... once it hits a toy exchange, a big toy whale is gonna come gobble you up while the rest of the world continue with the bitcoin roller-coaster.
inevitability is such a harsh word when you think that life is a game.

In the other hand , since the beginining, there are so many people trying to convince people to sell primes ,with  FUD as main point (toward a business which is USA based ) than i can't  help myself to find this a little bit supsicious . Especially after watching the price go down to 30 and back to 50 . So in the end , I listen to my guts and take a calculated risk I can afford .

By the way , I'm not so much of a gambler , i never play casino , neither lottery.

[cloverme]

I was hoping they would have incorporated the bitcoin blockchain into the paycoin infrastructure. Bitcoin took years to establish a value through community support, if someone was seling bitcoin miners at the launch of bitcoin, I'm not sure that would have helped.  I invested a bit into Stellar, but I'm not sure about paycoin. If one thing, Josh knows how to market and sell, so I think an investment into paycoin and paycoins infrastructure is an investment into Josh and his ability to make paycoin a choice for merchants and consumers.

They're doing a better job at marketing this over Stellar though.

[suchmoon]

...assuming the price of paycoin/usd stays up and doesnt crash

 

because most shitcoins stay stable and don't crash in price, right?
look at historical data on new shitcoins.. no matter how much new innovation is put in by the developers, people will ALWAYS want to get out with BITCOIN.
this is going to be no different.

But but but..... 300% !!!  

No, seriously, every time some new "most innovative" contraption comes out of GAW I'm thinking "this gotta be the straw that breaks the camel's back" but it just keeps on going.

And yes, the HashStakers do expire. Note how he is avoiding to say "you have to buy a new one", instead using the word "reserve":

GAW_CEO
Admins
Global Moderator
Industry Innovator

@Tyler said:

    @GAW_CEO

    If your HashStake is done Hashing for 3 or 6 months, does he dissapear from your account and you have to buy a new one or can you extent the contract?

You will have to reserve another one. Since we only have so many wallets, its first come first serve.

And some forward-looking statements:

We will increase the price of paycoins once the stake rate is made (it will be on the high end of what we stated. So yes, you could by one at a lower price now, and trade it for a higher price one the rate goes up

@djscar said:
  @GAW_CEO Payout as in 12-20 paycoins?
as in $12-$20 worth in Paycoins. (assuming the rate does not go over $20, which it will)

Read this if the site stays up: https://hashtalk.org/topic/20296

It's illuminating and entertaining at the same time.

[raskul]

Read this if the site stays up: https://hashtalk.org/topic/20296

It's illuminating and entertaining at the same time.

meh, i'm not important enough to contribute 

[jackbox]

So I am paying $9.95 for the privilege of locking my PayCoin for the next 3-6 months.

What a brilliant move!

GAW will not only lock away their coin and keep people from cashing out after 1 month of virtual mining virtual company coupons, they will get paid USD to do it  

No. A 3 month lockup is $9.95. A 6 month lockup costs $17.95. You pay more for the privilege of locking up your coins longer. ROFL.

[wdl1908]

You buy the wallet (staker) once and you can keep reloading it every 3 or 6 months.

Are you sure about that? Can you quote which part of this: http://pastebin.com/jb96iVhe indicates that?

All I'm reading says it "expires".

I think that is a mistake well I hope it's a mistake. Because one of the other things is that you will be able to sell them. So how can you sell something that expires.

Yeah seems I was wrong they do expire. But it seems the profits are very good.

https://hashtalk.org/topic/20297/

[jimmothy]

Yeah seems I was wrong they do expire. But it seems the promises are very good.

ftfy

[jackbox]

You buy the wallet (staker) once and you can keep reloading it every 3 or 6 months.

Are you sure about that? Can you quote which part of this: http://pastebin.com/jb96iVhe indicates that?

All I'm reading says it "expires".

I think that is a mistake well I hope it's a mistake. Because one of the other things is that you will be able to sell them. So how can you sell something that expires.

Yeah seems I was wrong they do expire. But it seems the profits are very good.

https://hashtalk.org/topic/20297/

The so-called "profits" will require GAW staying in businesss and Josh staying out of jail and PayShit, oops, I mean PayCoin not crashing in value like the shitcoin it is or will be.

[suchmoon]

So has anyone anywhere (except this thread of course, because it's full of old cranky haters) asked the obvious question - how can this whole scheme sustain the triple digit APY? Is next round of HashStakers going to have a 12 month hold and 4-digit APY? Or is the goal is to repeat the "$16 Prime" success story and then unleash those HashStakers into the Market to make 10% off each sale?

[jimmothy]

One 3 month 9.94 HashStake will make between $12-$20 worth of payouts for the life of the HashStake (in this example, 3 months)

as in $12-$20 worth in Paycoins. (assuming the rate does not go over $20, which it will)

We will increase the price of paycoins once the stake rate is made (it will be on the high end of what we stated. So yes, you could by one at a lower price now, and trade it for a higher price one the rate goes up

Of course, this means exactly what you would expect: You will be able to generate next-generation PoS cryptocurrencies, like Paycoins, more reliably and profitably than ever before.

The highest payouts of any miner, period.

At our planned investment amount, your HashStakers will consistently reach ROI in 2.5-4.5 months! What miner can do that?

Once the Round Once Stake rate is declared, we will increase the HashStaker Wallet prices for new purchases to match the locked in Stake Rate.

1X $20 Paycoin + 1X $9.95 Hashtake= 2X $20 Paycoins

Only 8 promises of profitability this time. Not bad.

[DARKANGEL6415]

•No-drops in payouts for their entire lifespan.
•Complete immunity to difficulty increases.
•Zero maintenance fees. Forever!
•The highest payouts of any miner, period.
•Customizable - only buy what you need.
•Guaranteed 99.99% uptime.


LOL this is like magic how does something not get affected by difficulty rise and payouts always the same. Hell if btc did this then people could still be using gpus from the start days

[jimmothy]

LOL this is like magic how does something not get affected by difficulty rise and payouts always the same. Hell if btc did this then people could still be using gpus from the start days

It's because it has absolutely nothing to do with mining. (despite the numerous claims that "mining has changed forever")

You give GAW your money, they pay it back to you over 3-6 months.

It's quite clever because they've found a way to take money without requiring hardware and without the risk of a bank run.

[jackbox]

•No-drops in payouts for their entire lifespan.
•Complete immunity to difficulty increases.
•Zero maintenance fees. Forever!
•The highest payouts of any miner, period.
•Customizable - only buy what you need.
•Guaranteed 99.99% uptime.


LOL this is like magic how does something not get affected by difficulty rise and payouts always the same. Hell if btc did this then people could still be using gpus from the start days

No difficulty increase because you paid GAW money. It is all crap. The ponzi was running out of btc to pay the minions so they had to cook up another cock and bull piece of crap to dupe the lemmings into handing over more cash to fund the payouts in zen cloud. Like anything else without a foundation (i.e. most likely no mining is actually behind conducted) this whole scheme will come crashing down and Josh and the GAW crew will be living in Brazil where there is no extradition.

[suchmoon]

•No-drops in payouts for their entire lifespan.
•Complete immunity to difficulty increases.
•Zero maintenance fees. Forever!
•The highest payouts of any miner, period.
•Customizable - only buy what you need.
•Guaranteed 99.99% uptime.


LOL this is like magic how does something not get affected by difficulty rise and payouts always the same. Hell if btc did this then people could still be using gpus from the start days

You missed the part where it says "wallet"

The better question is why a wallet needs to be "datacenter optimized" and why doesn't it have a 100% uptime.

Also "Zero maintenance fees. Forever!" is missing its fine print: "for any definition of forever not exceeding 3 or 6 months, depending on how much you paid upfront".

[DARKANGEL6415]

https://hashtalk.org/topic/20144/am-i-right-to-be-sceptical

What a prick. He wan't everyone to buy his shit before he even tells them what flavor of shit he's selling them. Who doesn't know about products before they are released? And who the hell "invests" in something they know nothing about because one guy says it's gonna be great? Oh wait. I know. Every single last one of his sheep after they beg, borrow and steal every last nickle they can get their hands on to throw at him.

I made a new logo for hashtalk:

like the tv ad for that car insurance says " ohhhh you almast had it, you got to try harder "  this is so perfect expecially the sad fact it is showing little kids in there to. The must be spending all the xmas money just to buy the best hashlet of the month or week at this rate.

[jackbox]

Of course we cannot forget our new friend the HashStaker? When we buy a HashStaker we will be buying into a prime controller and its larger staking ability than normal wallets and thus will allow you to mine the prime controller =)

Staking is not mining. Which is it Josh? These so-called HashStakers are not mining anything. People (idiots) are just being duped into believing they're a miner when they are actually a dupe of GAW.

[DARKANGEL6415]

•No-drops in payouts for their entire lifespan.
•Complete immunity to difficulty increases.
•Zero maintenance fees. Forever!
•The highest payouts of any miner, period.
•Customizable - only buy what you need.
•Guaranteed 99.99% uptime.


LOL this is like magic how does something not get affected by difficulty rise and payouts always the same. Hell if btc did this then people could still be using gpus from the start days

No difficulty increase because you paid GAW money. It is all crap. The ponzi was running out of btc to pay the minions so they had to cook up another cock and bull piece of crap to dupe the lemmings into handing over more cash to fund the payouts in zen cloud. Like anything else without a foundation (i.e. most likely no mining is actually behind conducted) this whole scheme will come crashing down and Josh and the GAW crew will be living in Brazil where there is no extradition.

LOL that is funny and sad but i am sure true. I would like to point out one thing though, being in Brazil would be a vacation as it is nice down there in some parts. Also they do extradite to the USA but i provided list of countries that dont. I can picture them running from law in some place like Niger.   http://en.wikipedia.org/wiki/Extradition_law_in_the_United_States   

[deeneendo]

LOL, he could teach the Nigerian 419 scammers a few tricks, I guess!

[Zeta0S]

So I am paying $9.95 for the privilege of locking my PayCoin for the next 3-6 months.

What a brilliant move!

GAW will not only lock away their coin and keep people from cashing out after 1 month of virtual mining virtual company coupons, they will get paid USD to do it  

No. A 3 month lockup is $9.95. A 6 month lockup costs $17.95. You pay more for the privilege of locking up your coins longer. ROFL.

After that i lose my coins?