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

[welchy8764]

So I wake up this morning... and looks like my account has been banned. (one of the older accounts... going back to when the forum used to be under the domain hashtrader and we talked about lots of things) has been banned for asking a simple question about how if the current staff is unable to successfully process a simple person-to-person transaction (their marketplace) without error or continuously crashing or being taking down... how in the world do they think they can run a global currency with mass adoption.

A real CEO (worth their salt)... takes the fire straight on when these questions arise.  A real CEO would have answered with something like: "I'm sorry.  This is all my fault.  Blame me, don't blame my awesome team.  We've grown so fast and so quickly and I haven't been able to hire enough staff to accomplish the things that I'm asking my amazing team to do. So if you want to ask critical question about our infrastructure or whether we are ready for the next level... ask them of me.  The buck stops with me.  And because it does stop with me, the failings up to this point are all my fault because I haven't given my team the resources it needed... and that changes today."

BLAM... If a CEO responds this way to criticism.  Not only will his staff go deeper into battle for him because they see him standing up to protect the team but other people WANT to work for leaders like this.  It shows true leadership.  True leadership attracts talent.

But what does JoshCEO do... bans people that ask questions and threatens legal action to others.  Go figure.

Oh well doesn't bother me, life is a lot bigger than GAW's island

I wonder what the bannable offense in the rule book it was.

This has been the MO of GAW since they started selling hashlets even the ZenOS remained in Beta its whole existence. I am simply amazed the he and his company have remained in business with the "over-promise and under-deliver method" he has mastered. It must take tremendous planning to keep up on all the lies and promises he has made if he could only put that planning into running his business maybe he could actually keep the doors open..

It was questioning the ability of Slosh and company to actually run a system without it breaking. Crypto coins cannot go into maintenance mode every day.

[jackbox]

Twitter:

Josh Garza @gawceo  ·  It's time to get it

Time to get what Josh? Get screwed by you?

[jackbox]

Twitter (again):

  Josh Garza @gawceo  ·  Many are going to eat their words next week. I saved the best for last.

Another affiliate program announcement Josh? Yea that global financial partner announcement was really fantastic.

[siampumpkin]

Prime Rib Steakers for everyone. We can all eat our words and hashlets! Just gimme your cash. 

[truth_]

Twitter (again):

  Josh Garza @gawceo  ·  Many are going to eat their words next week. I saved the best for last.

Another affiliate program announcement Josh? Yea that global financial partner announcement was really fantastic.

He is going to extend HP "mining" to all hashlets for another month 

[maildir]

The old next week again eh.

It will be something from weeks ago that was promised. No longer relevant such as a 10 second ad on CNN? Nothing relevant anymore about today and tomorrow. Seems his MO. Manufacturers promises under the genius claim of "forward thinking" then scrambles no matter how long it takes to realize them be it some long forgotten promise from last month or other. Then he will pat himself on the back and say see I told you so. Could even be something as stupid as just re-doing that video in the warehouse now with the lights on, as if anyone really cares after the fact.

[yeahright]

Twitter (again):

  Josh Garza @gawceo  ·  Many are going to eat their words next week. I saved the best for last.

Another affiliate program announcement Josh? Yea that global financial partner announcement was really fantastic.

He will be announcing that Primes can now mine SHA but too bad you guys converted it all to the cashstakers but I did promise you it can

[keshuker]

Twitter (again):

  Josh Garza @gawceo  ·  Many are going to eat their words next week. I saved the best for last.

Another affiliate program announcement Josh? Yea that global financial partner announcement was really fantastic.

The best for last?? So far everything has been shit, how can he top these

[alienesb]

Twitter (again):

  Josh Garza @gawceo  ·  Many are going to eat their words next week. I saved the best for last.

Another affiliate program announcement Josh? Yea that global financial partner announcement was really fantastic.

The best for last?? So far everything has been shit, how can he top these

Sprinkles

[bitpop]

Always dangling the carrot

[jackbox]

Twitter (again):

 Josh Garza @gawceo  ·  Many are going to eat their words next week. I saved the best for last.

Another affiliate program announcement Josh? Yea that global financial partner announcement was really fantastic.

The best for last?? So far everything has been shit, how can he top these

Free fries with every stake (sic)?

[keshuker]

Twitter (again):

 Josh Garza @gawceo  ·  Many are going to eat their words next week. I saved the best for last.

Another affiliate program announcement Josh? Yea that global financial partner announcement was really fantastic.

The best for last?? So far everything has been shit, how can he top these

Free fries with every stake (sic)?

Maybe that now they have magically got more cashtakers in stock, and every hashlet will be converted

[suchmoon]

3/ What density of paycoin transactions on a prime controller will it take to return a $20 investment to all investors down the chain?

transaction fee of about 0.001 about 10,000,000 a day (Rough calculation)

Is that per controller or total? 500m total transactions a day sounds excessive. Even 10m per day sounds incredible, at least in the beginning - assuming GAW has 200k customers each would need to do 50 transactions each day. AFAIK Visa network does ~200m per day on average.

So let's say it's 10m total. At 0.001 per transaction that's 10k per day in revenue. At 0.01 XPY staking rate this would pay for 1m HashStakers. Yet you're saying yourself that 3m might be locked in HashStakers, i.e. 30k per day needs to be paid out.

What am I missing?

[keshuker]

What am I missing?

The state of mind needed to see the GAWsomeness

[bitpop]

3/ What density of paycoin transactions on a prime controller will it take to return a $20 investment to all investors down the chain?

transaction fee of about 0.001 about 10,000,000 a day (Rough calculation)

Is that per controller or total? 500m total transactions a day sounds excessive. Even 10m per day sounds incredible, at least in the beginning - assuming GAW has 200k customers each would need to do 50 transactions each day. AFAIK Visa network does ~200m per day on average.

So let's say it's 10m total. At 0.001 per transaction that's 10k per day in revenue. At 0.01 XPY staking rate this would pay for 1m HashStakers. Yet you're saying yourself that 3m might be locked in HashStakers, i.e. 30k per day needs to be paid out.

What am I missing?

<<downvote>>

[siampumpkin]

Twitter (again):

  Josh Garza @gawceo  ·  Many are going to eat their words next week. I saved the best for last.

Another affiliate program announcement Josh? Yea that global financial partner announcement was really fantastic.

He will be announcing that Primes can now mine SHA but too bad you guys converted it all to the cashstakers but I did promise you it can

I thought they were supposed to do that 2 months ago? But that was forgotten and pushed aside like all the other promises Homero made to his customers!

[vabchgent]

3/ What density of paycoin transactions on a prime controller will it take to return a $20 investment to all investors down the chain?

transaction fee of about 0.001 about 10,000,000 a day (Rough calculation)

Is that per controller or total? 500m total transactions a day sounds excessive. Even 10m per day sounds incredible, at least in the beginning - assuming GAW has 200k customers each would need to do 50 transactions each day. AFAIK Visa network does ~200m per day on average.

So let's say it's 10m total. At 0.001 per transaction that's 10k per day in revenue. At 0.01 XPY staking rate this would pay for 1m HashStakers. Yet you're saying yourself that 3m might be locked in HashStakers, i.e. 30k per day needs to be paid out.

What am I missing?

<<downvote>>

<<upvote>> For your down vote

[bitpop]

I wonder if he wears vests because he has a wet back

[seedtrue]

lol, it was just someone switching a 0 with a O but was still funny.

[TheIZS]

4/ If all the big investors decide to sell their paycoin on release, how much of the $20 buy wall be left for those locking up their coins in hashstakers?

1/2 of the coins locked up in the prime controllers at launch. let's say 1/4 locked up in stakers gives about 3,125,000 free coins at $20 = 62,500,000 the buy wall was sometimes mentioned to be $100,000,000 so about 37,500,000 left.


[/quote]

By that math alone you prove the lie. Any financial firm at any level of competence would refuse to give away that much of their investment or even risk a "dump against the wall" (I know I've been saving that one). Once the selling starts the price will go into free fall. The only thing for sure in this scenario is the loss of millions in the initial investment. Best case maybe get their money back. So why would anyone put millions on the table to begin with? There is no floor for paycoin never was.