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bitpop
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Activity: 2912
Merit: 1060
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December 02, 2014, 04:25:11 PM |
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I_IZ_CEO
Sr. Member
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Activity: 308
Merit: 250
CEO FlawMiners TM®
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December 02, 2014, 04:27:34 PM |
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Hmm Have my new paycoin wallet ready to go. HA.. Saving shitcoins might be a nice thing. GAW trademarked the name and own the .COM domain they will probably send a Cease and Desist order from there legal team. All You have to do is rename you coin to something else.
Wrong. PayCoin the alt coin is pre-existing and cannot be stopped by someone who comes around after them with the same idea. Their best and cheapest chance is to buy up all the PayCoins and take it over and then shut it down or merge it with their coin. GAWminer cannot touch PayCoin, they have to buy them out.
Read it and weep:
Prior art or background art, in most systems of patent law [or trademarks] constitutes all information that has been made available to the public in any form before a given date that might be relevant to a patent's claims of originality. If an invention has been described in the prior art, a patent on that invention is NOT valid.
GAWminers, you can have my PayCoins at 377,777 Satoshi.
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seedtrue
Legendary
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Activity: 963
Merit: 1002
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December 02, 2014, 04:28:36 PM |
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Reading the current hashtalk posts about Paycoin, it is amazing how many people have borrowed money for this endeavor.
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bumpershot
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December 02, 2014, 04:32:58 PM |
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Reading the current hashtalk posts about Paycoin, it is amazing how many people have borrowed money for this endeavor.
Links? Hashtalk is kind of a mess to get around.
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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December 02, 2014, 04:37:43 PM |
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Just seems all of this (hashcoin-paycoin-hashlets-hashstakers etc etc ) has changed and evolved to rapidly. He went from selling mining gear into this huge fantasy of a new world coin to replace BTC, and has been gobbling up believers money so fast, and there is still is no proof or clear business model for viable return to back it all up. Its a bit mind blowing. I think most of his followers are people who will only cloud mine (not actually own and operate their own gear) and are easily lured by his flashy ads and websites, and the promise of hope and change lol, sound familiar?
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*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
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NeonTranceBadger
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December 02, 2014, 04:39:28 PM |
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The proper term for that is Sheeple.
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jackbox
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Activity: 1246
Merit: 1024
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December 02, 2014, 04:39:34 PM |
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Reading the current hashtalk posts about Paycoin, it is amazing how many people have borrowed money for this endeavor.
Yes, very sad. They are all confident the loans will be paid off soon after 12/8/14.
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clanbake
Member
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Activity: 86
Merit: 10
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December 02, 2014, 04:41:43 PM |
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I just read this story WSJ posted the other day ( http://blogs.wsj.com/moneybeat/2014/12/01/bitbeat-under-fire-gaw-miners-ceo-garza-takes-on-his-critics/) I immediately spotted the first problem, the warehouse. 11:36 am December 2, 2014 ck wrote: Can you guys please explain how a 180,000 sf warehouse turns into a 150,000 sf warehouse in a few days? In your last GAW advertisement you said "According to Mr. Garza, his Bloomfield, Conn.-based company’s cloud mining operation is run out of a 180,000-foot Mississippi warehouse with 15MW electricity capacity." in this story you say "We also obtained a copy of the lease contract to a 150,000-square foot warehouse in Park Purvis, Miss., where GAW’s mining operation occurs, and saw photos of a new operation under constructions with hundreds of rigs stacked on shelves, high-tension wires and heavy electrical infrastructure." In two weeks will the warehouse shrink any more? If this GAW CEO guy does not know the size of his own warehouse...? 30,000 sf is a lot to, how do I put this nicely, not tell the whole truth about. This is just one of the very very many discrepancies that, just looks bad.
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bitpop
Legendary
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Activity: 2912
Merit: 1060
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December 02, 2014, 04:41:46 PM |
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Just seems all of this (hashcoin-paycoin-hashlets-hashstakers etc etc ) has changed and evolved to rapidly. He went from selling mining gear into this huge fantasy of a new world coin to replace BTC, and has been gobbling up believers money so fast, and there is still is no proof or clear business model for viable return to back it all up. Its a bit mind blowing. I think most of his followers are people who will only cloud mine (not actually own and operate their own gear) and are easily lured by his flashy ads and websites, and the promise of hope and change lol, sound familiar?
Definitely, these people are too greedy to simply hodl real Bitcoin, they turn their back any time
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jackbox
Legendary
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Activity: 1246
Merit: 1024
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December 02, 2014, 04:42:56 PM |
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Just seems all of this (hashcoin-paycoin-hashlets-hashstakers etc etc ) has changed and evolved to rapidly. He went from selling mining gear into this huge fantasy of a new world coin to replace BTC, and has been gobbling up believers money so fast, and there is still is no proof or clear business model for viable return to back it all up. Its a bit mind blowing. I think most of his followers are people who will only cloud mine (not actually own and operate their own gear) and are easily lured by his flashy ads and websites, and the promise of hope and change lol, sound familiar?
Some of them operate hardware too. Heck, Josh is even selling it to them at http://oneminer.com/ (another GAW website). Looks like if he did buy hashing power from Bitmain he is selling it all out the back door. Quantity is always 50 but many sheeple at HashTalk have purchased them from Josh. At least when the PayCoin debacle is over they can do some actual mining for a change. Bitmain Antminer S4 2 TH/s Shipped (NEW)
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clanbake
Member
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Activity: 86
Merit: 10
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December 02, 2014, 04:43:28 PM |
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I just read this story WSJ posted the other day ( http://blogs.wsj.com/moneybeat/2014/12/01/bitbeat-under-fire-gaw-miners-ceo-garza-takes-on-his-critics/) I immediately spotted the first problem, the warehouse. 11:36 am December 2, 2014 ck wrote: Can you guys please explain how a 180,000 sf warehouse turns into a 150,000 sf warehouse in a few days? In your last GAW advertisement you said "According to Mr. Garza, his Bloomfield, Conn.-based company’s cloud mining operation is run out of a 180,000-foot Mississippi warehouse with 15MW electricity capacity." in this story you say "We also obtained a copy of the lease contract to a 150,000-square foot warehouse in Park Purvis, Miss., where GAW’s mining operation occurs, and saw photos of a new operation under constructions with hundreds of rigs stacked on shelves, high-tension wires and heavy electrical infrastructure." In two weeks will the warehouse shrink any more? If this GAW CEO guy does not know the size of his own warehouse...? 30,000 sf is a lot to, how do I put this nicely, not tell the whole truth about. This is just one of the very very many discrepancies that, just looks bad. Its actually disappointing that WSJ didn't see the GIANT difference in warehouse size and, at the very least, ask about it.
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jackbox
Legendary
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Activity: 1246
Merit: 1024
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December 02, 2014, 04:45:26 PM |
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I just read this story WSJ posted the other day ( http://blogs.wsj.com/moneybeat/2014/12/01/bitbeat-under-fire-gaw-miners-ceo-garza-takes-on-his-critics/) I immediately spotted the first problem, the warehouse. 11:36 am December 2, 2014 ck wrote: Can you guys please explain how a 180,000 sf warehouse turns into a 150,000 sf warehouse in a few days? In your last GAW advertisement you said "According to Mr. Garza, his Bloomfield, Conn.-based company’s cloud mining operation is run out of a 180,000-foot Mississippi warehouse with 15MW electricity capacity." in this story you say "We also obtained a copy of the lease contract to a 150,000-square foot warehouse in Park Purvis, Miss., where GAW’s mining operation occurs, and saw photos of a new operation under constructions with hundreds of rigs stacked on shelves, high-tension wires and heavy electrical infrastructure." In two weeks will the warehouse shrink any more? If this GAW CEO guy does not know the size of his own warehouse...? 30,000 sf is a lot to, how do I put this nicely, not tell the whole truth about. This is just one of the very very many discrepancies that, just looks bad. Its actually disappointing that WSJ didn't see the GIANT difference in warehouse size and, at the very least, ask about it. It's a blog and not a very good one. Not in the WSJ newspaper.
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bitpop
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December 02, 2014, 04:47:42 PM |
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It's a wsj blog, the authors couldn't make the cut for the real site nor actual magazine
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Chris_Sabian
Legendary
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Activity: 896
Merit: 1001
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December 02, 2014, 04:48:54 PM |
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I just read this story WSJ posted the other day ( http://blogs.wsj.com/moneybeat/2014/12/01/bitbeat-under-fire-gaw-miners-ceo-garza-takes-on-his-critics/) I immediately spotted the first problem, the warehouse. 11:36 am December 2, 2014 ck wrote: Can you guys please explain how a 180,000 sf warehouse turns into a 150,000 sf warehouse in a few days? In your last GAW advertisement you said "According to Mr. Garza, his Bloomfield, Conn.-based company’s cloud mining operation is run out of a 180,000-foot Mississippi warehouse with 15MW electricity capacity." in this story you say "We also obtained a copy of the lease contract to a 150,000-square foot warehouse in Park Purvis, Miss., where GAW’s mining operation occurs, and saw photos of a new operation under constructions with hundreds of rigs stacked on shelves, high-tension wires and heavy electrical infrastructure." In two weeks will the warehouse shrink any more? If this GAW CEO guy does not know the size of his own warehouse...? 30,000 sf is a lot to, how do I put this nicely, not tell the whole truth about. This is just one of the very very many discrepancies that, just looks bad. You missed a huge key point. Since the warehouse just shrunk by 30,000 square feet in a few days, that must mean that PayCoin is deflationary and hence the huge rise in price with the coin from $4 to $20. You just sold me! Take my bitcoins
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bitpop
Legendary
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Activity: 2912
Merit: 1060
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December 02, 2014, 04:50:30 PM |
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Reading the current hashtalk posts about Paycoin, it is amazing how many people have borrowed money for this endeavor.
Yes, very sad. They are all confident the loans will be paid off soon after 12/8/14. Staking will be mandatory, he's not letting anyone cash out ever, not until they're fully milked and he's disappeared
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bitpop
Legendary
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December 02, 2014, 04:52:08 PM |
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A raspberry pi can stake an unlimited amount of coins, no $100 million cash takers needed
Ps Amber is hot, I wonder if she sucks him like the rest of them
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bitpop
Legendary
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Activity: 2912
Merit: 1060
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December 02, 2014, 05:02:29 PM |
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I'm disappointed paycoin doesn't have quantum or artificial intelligence capabilities for truly effortless money making.
All the usuals from hyip forums moved to hashtalk
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