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

[Chris_Sabian]

jimmothy,

Didn't you and another forum member visit GAW in the last week or so?  I thought I saw a post somewhere about it.  Maybe it was reddit?

[jimmothy]

jimmothy,

Didn't you and another forum member visit GAW in the last week or so?  I thought I saw a post somewhere about it.  Maybe it was reddit?

Nope, wasn't me. I don't recall any posts about someone visiting GAW either.

[numanoid]

I'm very familiar with IPOs after being involved with them for the past 20 years or so.  In order for something to have value, it must solve a problem or have the workings to a solution to a problem.  Based on the 'whitepaper' that GAW posted and the changes in the whitepaper over the past month, GAW doesn't know what problem it is solving.  There is no technical data in the whitepaper, no code.  There is no proof of concept.    Furthermore, for GAW to 'create' a value of $100 million in a few months, that is very unusual - not unheard of, but very unusual.  GAW is still having problems with the ZenMarket with people selling hashlets for pennies on the dollars because they entered the wrong information into the sell window.  There should be some kind of verification.

The $100 million is coming from GAW, private investors, and VC.  
The coin will be able to be used for purchase via the plugin (at $20 per) when the coin launches.  Some time after that it will be on "several major exchanges."

I don't think it's a ponzi or a fraud.  Maybe a pipe dream and maybe/maybe not it will work.  I'm not going to get sucked into this staking thing right away.  I'm going to sell out 50% of my coins at various retailers (depending on the fee) and be very happy (assuming it actually works.)

Honestly Chris, if you've been involved in IPOs for 20 years, then you know that the only thing that matters is whether or not the people investing think money can be made.  We've both lived through the .com IPO craze and I point you to Webvan.com:

At its November 1999 IPO, Webvan raised $375 million, shares traded at around $30 and the company was valued at $1.2 billion. But that was its peak.

We both know how that turned out.

I have no idea how GAW raised 100MM.  Josh said a lot of it came from them, and we were told there were a lot of initial investors (minimum of 1MM each) where they had to cancel the 3rd round ICO.  We know about the Cantor guy and Josh stated there was VC (probably one in the same.)

[suchmoon]

jimmothy,

Didn't you and another forum member visit GAW in the last week or so?  I thought I saw a post somewhere about it.  Maybe it was reddit?

Nope, wasn't me. I don't recall any posts about someone visiting GAW either.

Did they make you sign an NDA?  

[jackbox]

There is no 100 million. If real, the investors would be issuing press releases ad naseum pumping the value. Josh is a liar and a scammer, IMO.

[numanoid]

There is no 100 million. If real, the investors would be issuing press releases ad naseum pumping the value. Josh is a liar and a scammer, IMO.

Private investors don't do that.

Cantor guy is in many of the "news" stories posted.  There is more evidence to support it than not.

Not that it proves anything.

For you to say there is no 100 million is out of line.  You know nothing.

[jimmothy]

There is no 100 million. If real, the investors would be issuing press releases ad naseum pumping the value. Josh is a liar and a scammer, IMO.

Private investors don't do that.

Cantor guy is in many of the "news" stories posted.  There is more evidence to support it than not.

Not that it proves anything.

For you to say there is no 100 million is out of line.  You know nothing.

I have $1 billion dollars worth of VC funding backing jimmothycoin. Can anyone disprove that?

BTW that "cantor guy" has been invested in Josh's ventures since he was in highschool. I really doubt he's involved otherwise he would have informed Josh quite early that he's been selling unregistered securities (and breaking a plethora of other laws/regulations).

[suchmoon]

I have no idea how GAW raised 100MM.  Josh said a lot of it came from them, and we were told there were a lot of initial investors (minimum of 1MM each) where they had to cancel the 3rd round ICO.  We know about the Cantor guy and Josh stated there was VC (probably one in the same.)

The statement below sounds awfully like an admission that the $100m needs to be covered by staker sales. Why would that be if there was VC funding? Or put it another way, why would they need VCs if they could just sell a bunch of hashlets/stakers? Doesn't make sense either way.

https://hashtalk.org/topic/20296/hashstaker-q-a/223

   @mackattack said:

    If we are supplying the PayCoins to fill them?? Why do they cost money anyway?? They are just a wallet? Prime hashlets should get this feature forever???

Because it will cost our company 100,000,000 dollars to keep up with that stake rate

[jimmothy]

The statement below sounds awfully like an admission that the $100m needs to be covered by staker sales. Why would that be if there was VC funding? Or put it another way, why would they need VCs if they could just sell a bunch of hashlets/stakers? Doesn't make sense either way.

https://hashtalk.org/topic/20296/hashstaker-q-a/223

Why do they need money at all if POS is built in to the coin? Shouldn't the prime nodes create the paycoins needed to payout hashstakers?

I thought the $100 million was to absorb the $15 million that will be dumped daily during the POW stage.

[Chris_Sabian]

jimmothy,

Didn't you and another forum member visit GAW in the last week or so?  I thought I saw a post somewhere about it.  Maybe it was reddit?

Nope, wasn't me. I don't recall any posts about someone visiting GAW either.

Found it.  This is the quote that I was thinking about:

Apparently proof of mining is coming from a respected third party.

https://hashtalk.org/topic/20006/media-validation-of-gaw-mining

Please please please don't be someone unfamiliar with crypto.

"We visited GAW's mining facilities and can confirm once and for all that they have a lot of machines" - wsj blogger

I guess I was reading it too fast and didn't see the  " - wsj blogger " part at the end.  I thought that was your statement.  Ops

[numanoid]

The validation hasn't happened yet.  It's supposed to happen this week.

It was not the WSJ blogger.  It was added here for comedy effect.

[cryptofunk]

**SNIP**

Anyone buying the coin on exchanges will have 1/3 of the purchase price go into the fiat reserve

What exchanges?

**SNIP**

Anyone knows what that statement/quote means?  Don't recall seeing anything about it before.

If I'm selling my coin on the exchange and someone's buying it, how does 1/3 end up in the fiat reserve?!  Who's paying for it?

[T0urist]

The $100 million is coming from GAW, private investors, and VC.  
The coin will be able to be used for purchase via the plugin (at $20 per) when the coin launches.  Some time after that it will be on "several major exchanges."

I don't think it's a ponzi or a fraud.  Maybe a pipe dream and maybe/maybe not it will work.  I'm not going to get sucked into this staking thing right away.  I'm going to sell out 50% of my coins at various retailers (depending on the fee) and be very happy (assuming it actually works.)

Honestly Chris, if you've been involved in IPOs for 20 years, then you know that the only thing that matters is whether or not the people investing think money can be made.  We've both lived through the .com IPO craze and I point you to Webvan.com:

What private investors? Why can't they be named? Somebody has to buy your coin if you want to sell it. Personally any paycoin i have i'm going to convert to BTC the first chance i get if paybase comes out. I suspect that my conversion will be set to pending and be plagued by many system bugs that technical support will work on.

I got my moolah in btc back so i'm not concerned. Worst case scenario i get nothing... best case gaw gets me 5BTC from their system.

[bitpop]

Next will be the HashStaker amp. Make it super duper more powerful than a regular HashStaker. Only $19.95 to amp it up! 

What's an amp? I keep seeing amps.

[bitpop]

Does anyone here actually believe this PayCoin will start at $4-5 then be worth $20 a month or two later?  Why would ANY company, person, or entity sell something for X when in 2 months, you can sell it for 4X?  This makes no sense at all.

This thread has actually doubled my ignore list.  It is almost comical to see 3-5 ignored posts in a row.  I should take a screenshot or something.

Chris, it will START at $20.  The $4 purchase price is for GAW people "mining" hashpoints and the early investors.

At launch, the coin will be set at $20 and will have a $100 million buy wall to stop it from dropping.  The $100 million represents roughly 1/3 of the coin's market cap.  Anyone buying the coin on exchanges will have 1/3 of the purchase price go into the fiat reserve (buy wall) to help keep the price stable.

Now I have no idea if this is going to work the way it should, but this is the premise of ICOs and IPOs.  It's not at all rare for initial investors to get a stake at a tiny fraction of the price when the security goes public.

So mr secret investor is going to let everyone take his money for free?

[bitpop]

Gosh durn it. Dem HashStakers have doggin' sold out. No more for peepuns to buy. 

Don't worry Josh always finds solutions to steal your money

[bitpop]

Man I hated cexio but they look honest compared to this shit. So im actually going to invest by mining the shitcoin with cexio and dump. But there will be no public pow nor an exchange. Just selling shitcoin and hashstakers then off to Brazil for an "interview"

[crashoveride54902]

Man I hated cexio but they look honest compared to this shit. So im actually going to invest by mining the shitcoin with cexio and dump. But there will be no public pow nor an exchange. Just selling shitcoin and hashstakers then off to Brazil for an "interview"

dam bitpop...trying to get yer post count up? can't you just condense all yer posts into one? I with ya but damn that is alot of posts

[bitpop]

Man I hated cexio but they look honest compared to this shit. So im actually going to invest by mining the shitcoin with cexio and dump. But there will be no public pow nor an exchange. Just selling shitcoin and hashstakers then off to Brazil for an "interview"

dam bitpop...trying to get yer post count up? can't you just condense all yer posts into one? I with ya but damn that is alot of posts

No one reads walls of text

[djkhaled]

lol even if it is fake and a scam bitpop is extremely annoying, yes we get it, you for some reason have an emotional attachment to bitcoin, just stop attacking people and spamming this thread with crap, allow civil conversation to take place.