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TheIZS
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December 08, 2014, 02:08:08 AM |
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Big news about PayCoin guys! I don't see how people can have any doubts about it's legitimacy now! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Impressively, PayCoin is also backed by a reserve of the United States Treasury, which in many ways gives it a strong edge over its competition; yet another reason why those fearful of bitcoin should discard their worries and suspicion. http://newsbtc.com/2014/12/07/paycoin-aims-save-day/Holy Shit Sticks, that is the best one yet. So all the new 100's will have Josh Garza on them? I could not tell if that article was serious or the were trolling, if it serious wtf kind drugs are they injecting. Smoking can not get you that high. Was just thinking it was odd there are no pro GAW posts. Troll trap perhaps..... Yes, it is odd no PRO-Mt.GAW attacks have started (yet)... At any rate, the US Treasury is now part of and controlled by the Dept. of Homeland Security - go figure... yet another agency to contact... ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Scott- Here Scott I'll save you the trouble the response will be "Josh who"? and "What's a GAW"
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1KRuaLy9R7r328m2H67xxnJ8QeAbvCDe6C
Mr. GARBOZO you lost your bet pay up 100BTC
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bitpop
Legendary
Offline
Activity: 2912
Merit: 1060
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 08, 2014, 02:09:18 AM |
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I have never met a beloved ceo like homero, making many rich beyond their dreams. Aka robin homero hood josh garza. What other ceo can take $4 and turn it into $20 guaranteed? Hes not only a crypto innovator but a ceo innovator. Soon all companies will make their sheep I mean customers rich. Hear that satoshi??
Satoshi ran away, homero stays to take our worthless fiat and Bitcoin and give us paycoin, I mean gold. Homero hair cuts and vests for everyone!! I am divesting of my shitcoin that is Bitcoin. Ill take $20 over $377 any day of the week.
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RiverBoatBTC
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December 08, 2014, 02:17:04 AM |
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I commend there trolling lol
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ZiG
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December 08, 2014, 02:56:31 AM |
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Did you see that already...I guess...: http://paycoins.biz/What a wishful thinking ...LOL ... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) These people are DAYDREAMING ... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) But the clock is ticking ... ZiG
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bitcoinnoisseur
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December 08, 2014, 03:10:11 AM |
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https://hashtalk.org/topic/21982/where-is-our-updateGawTeamFanClub Did anyone else see the update in zencloud stating yesterday there would be an update about the failed update and reverting back of the update to the update for the new update. or did they just change there mind again? Today at 12pm EST
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clubsofsteel
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 08, 2014, 03:12:44 AM |
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this sites awesome! they actually payout with the free miner ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) i beebn using this and i love it love it love it love it ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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WaffleMaster
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 08, 2014, 03:27:43 AM |
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this sites awesome! they actually payout with the free miner ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) i beebn using this and i love it love it love it love it ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) Enjoy your 2 cents buddy boy
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MinermanNC
Legendary
Offline
Activity: 2198
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 08, 2014, 03:33:04 AM |
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lol! I sure hope so, otherwise maybe he just stayed up to late drinking to much Kool-Aid
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*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG
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Chris_Sabian
Legendary
Offline
Activity: 896
Merit: 1001
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 08, 2014, 04:40:04 AM |
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How is it powered by PayCoin if it hasn't been released yet??? Designed by Paycoin?? So GAW designed the site???
This coin is so advanced that it just learned html, java, and php.
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KC6TTR
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December 08, 2014, 05:09:02 AM Last edit: December 08, 2014, 07:24:06 AM by KC6TTR |
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Here Scott I'll save you the trouble the response will be "Josh who"? and "What's a GAW"
LOL, you are actually spot-on. Always having the URL to the OP in this thread does come in handy. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Scott-
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bumpershot
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December 08, 2014, 06:23:43 AM |
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Here's a thought experiment. What if they've been informed by a regulatory agency that what they're doing with ZenPool might be illegal?
If that was the case, they'd try to immediately get rid of every Zen mining hashlet (Prime and Zen solo) while not really caring if the other Solos exist, as they're just renting mining power.
So, they incentive "upgrading" your hashlet to a totally legal Hashstaker. If this is correct, look for the following to happen:
1) Every Prime or Zen that is put up for a conversion gets it. 2) Very few solos that aren't Prime or Zen will be able to convert. 3) After the conversion period is complete, the prices for Primes and Zens will skyrocket as GAW attempts to buy back whatever they can.
I don't think this is a likely scenario, but it's neat to think about.
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dyask
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December 08, 2014, 06:37:15 AM |
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Here's a thought experiment. What if they've been informed by a regulatory agency that what they're doing with ZenPool might be illegal?
If that was the case, they'd try to immediately get rid of every Zen mining hashlet (Prime and Zen solo) while not really caring if the other Solos exist, as they're just renting mining power.
So, they incentive "upgrading" your hashlet to a totally legal Hashstaker. If this is correct, look for the following to happen:
1) Every Prime or Zen that is put up for a conversion gets it. 2) Very few solos that aren't Prime or Zen will be able to convert. 3) After the conversion period is complete, the prices for Primes and Zens will skyrocket as GAW attempts to buy back whatever they can.
I don't think this is a likely scenario, but it's neat to think about.
The price for unconverted Zens and Primes is sink because the mining income is too low for the fees. Zens will plunge and primes will have a much longer life since DD doesn't come with maintenance fees. Still the income will be low and declining.
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klintay
Legendary
Offline
Activity: 1775
Merit: 1032
Value will be measured in sats
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 08, 2014, 06:45:35 AM |
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I have never met a beloved ceo like homero, making many rich beyond their dreams. Aka robin homero hood josh garza. What other ceo can take $4 and turn it into $20 guaranteed? Hes not only a crypto innovator but a ceo innovator. Soon all companies will make their sheep I mean customers rich. Hear that satoshi??
Satoshi ran away, homero stays to take our worthless fiat and Bitcoin and give us paycoin, I mean gold. Homero hair cuts and vests for everyone!! I am divesting of my shitcoin that is Bitcoin. Ill take $20 over $377 any day of the week.
To all the shithash believers out there...when bitpop calls shit he CALLS that shit...if you get my drift...i.e. buyers beware because shit just don't care!
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suchmoon (OP)
Legendary
Offline
Activity: 3780
Merit: 9009
https://bpip.org
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 08, 2014, 06:49:29 AM |
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Here's a thought experiment. What if they've been informed by a regulatory agency that what they're doing with ZenPool might be illegal?
If that was the case, they'd try to immediately get rid of every Zen mining hashlet (Prime and Zen solo) while not really caring if the other Solos exist, as they're just renting mining power.
So, they incentive "upgrading" your hashlet to a totally legal Hashstaker. If this is correct, look for the following to happen:
1) Every Prime or Zen that is put up for a conversion gets it. 2) Very few solos that aren't Prime or Zen will be able to convert. 3) After the conversion period is complete, the prices for Primes and Zens will skyrocket as GAW attempts to buy back whatever they can.
I don't think this is a likely scenario, but it's neat to think about.
If that's the case, then 3) should be "Prices will plummet and GAW will offer to buy them back at 50% of retail price as a nice gesture". I don't know if it's regulatory/legal pressure or if it's just them getting sick of all the demands of proof, but yes, they seem to be moving from what could potentially be a verifiable clusterfuck to something that's in their complete control. The only thing that would not fit into this scheme is public access to the PayCoin blockchain, source code etc. We'll see.
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bumpershot
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December 08, 2014, 06:59:39 AM |
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If that's the case, then 3) should be "Prices will plummet and GAW will offer to buy them back at 50% of retail price as a nice gesture". They might could pull that off with Zen solos, because they could just make Zenpool yield at a very low rate. Primes, however, can mine for real pools out of the control of GAW. And the maintenance cost will never go up. So, if the price of BTC goes up, thereby reducing the cost of maintenance in BTC, there's not really away to avoid payouts for primes. So people may just never want to sell primes.
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siampumpkin
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December 08, 2014, 07:26:54 AM |
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If that's the case, then 3) should be "Prices will plummet and GAW will offer to buy them back at 50% of retail price as a nice gesture". They might could pull that off with Zen solos, because they could just make Zenpool yield at a very low rate. Primes, however, can mine for real pools out of the control of GAW. And the maintenance cost will never go up. So, if the price of BTC goes up, thereby reducing the cost of maintenance in BTC, there's not really away to avoid payouts for primes. So people may just never want to sell primes. Nothing at GAW mines in real pools. They all mine in phantom pools on phantom hardware that may, but most likely does not exist. The rates are just posted for reference so customers can feel like they are really mining, not just getting some bitcoin everyday based on the posted rates. Those are also at Gaw's discretion and if they decide Primes can only mine on Paycoin and nothing else then you are stuck with that. They are trying to force everyone to upgrade to Cashtakers to they will have almost nothing to payout in bitcoin and they can pay everyone in their shitcoin XPY.
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T0urist
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 98
Merit: 10
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 08, 2014, 07:39:48 AM |
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How is it powered by PayCoin if it hasn't been released yet??? Designed by Paycoin?? So GAW designed the site??? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FuaAJqmQ.png&t=665&c=F4ny_XmKRhsL5w) Paycoin fuckin powers itself you unbeliever!!!! Its all thermonuclear driven didn't you know? Fookin hybrid flexing un malleable super shit... GAWsome.... am i just the only one that got a hardon from thinking about paycoin? O in other news... page not found now why would that be taken down hmmm.... maybe josh didn't like the references.... the ones we keep pointing out here... Its like free legal advice for him ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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KC6TTR
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December 08, 2014, 07:50:18 AM Last edit: December 08, 2014, 08:04:50 AM by KC6TTR |
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I still wonder if GAW/Zen... *EVER*... asked for permission from the real pool owners if it was OK to use their names back when all this mess first started to take shape. We all know NiceHash called out GAW/Zen when the first (and most profitable) pool listed on GAW/Zen was removed due to a mysterious "over" payment bug issue that was anything but Mt.GAW's fault (cough....BS), but what about the others? Easy, there likely never was any real pool activity from GAW/Zen - just free use of others' names. For someone so anal about trademarks, trade-names, copyrights, etc., one must wonder if he/they ever play and/or played by their own rules. Just reading some transcripts from Mr. Garza talking a few days ago was comical when he mentioned he had already talked with all the exchanges and their owners will force the existing PayCoin owners to change their name or face legal action since GAW/Zen owns that name now and trademarked it (after the fact). Simply unreal... Grandiose delusions at their finest. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Scott-
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