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

[puwaha]

Boy the shill accounts are really coming out full force now that everything is coming to light with GAW

Yea it's interesting they show up around the same time.. Especially since people on HT have been getting "aware" of their current situation recently.

Or they're here because hashtalk has been inaccessible for long periods of time, and they feel the need to post somewhere about the object of their affections.

I can't speak for anyone else, but I'm here because the conversation is at least interesting.

[T0urist]

Hurt the industry? No that made coin they admit is for shits and giggles its as transparent as possible no lies. To show im mining it i'll do a video in my room and spray the floor pink with this is my room. I'll even leave the lights on...

You should totally do this.

we need a ceo for this mocumentry. i'll be the cto im sure i can crash a forum we can host off a dial up modem i have laying around. we could do google hangouts etc.

we just need to brainstorm some buzzwords

get some slogans?
how about this one
theres nothing paycoins can buy. for everything else theres bitcoin

should totally get this going. make it completely obvious this is just a complete bullshit coin.

[WaffleMaster]

Where does all the cash come from?  It came from the customers themselves!  People buying hashlets directly, their 10% cut of market sales, hashstaker sales, etc.

No, that would be a Ponzi scheme, almost by definition.

No... that's called business.  All business tries to keep their existing customers to keep a steady stream of money coming in.  Getting new customers is harder.  Ponzis do it by making outrageous claims (yes, I already know what you are going to reply here.)

GAW has setup a business where they get people to continuously re-invest... that's business school 101.

Sigh.

Clearly you do not understand what a Ponzi is.  While I hate feeding trolls, it would be sad if anyone read your post and thought you made a point.  If this is what you learned in b-school, you should ask for a tuition refund.

The very definition of a Ponzi scheme is that old investors are paid profits from the (new money) provided by subsequent investors.

IF that is what is going on at GAW, its a Ponzi pure and simple.  Note that I am not saying that is what GAW is doing, but you are saying it is and if you believe that you should run. 

From the U.S. Securities and Exchange Commission:

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors .... In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business."

See Ponzi Schemes

Here is educational reading from the U.S. Securities and Exchange Commission, FTC, Forbes and Wikipedia that I posted months ago in the old thread:

What are some Ponzi scheme "red flags"?
Many Ponzi schemes share common characteristics. Look for these warning signs:

1.  High investment returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any "guaranteed" investment opportunity.

2.  Overly consistent returns. Investment values tend to go up and down over time, especially those offering potentially high returns. Be suspect of an investment that continues to generate regular, positive returns regardless of overall market conditions. 

3.  Unregistered investments. Ponzi schemes typically involve investments that have not been registered with the SEC or with state regulators. Registration is important because it provides investors with access to key information about the company's management, products, services, and finances.

4.  Unlicensed sellers. Federal and state securities laws require investment professionals and their firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.

5.  Secretive and/or complex strategies. Avoiding investments you do not understand, or for which you cannot get complete information, is a good rule of thumb.
Issues with paperwork. Do not accept excuses regarding why you cannot review information about an investment in writing. Also, account statement errors and inconsistencies may be signs that funds are not being invested as promised.

6.  Difficulty receiving payments. Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over. 


FURTHER READING:
http://www.consumer.ftc.gov/blog/telltale-signs-pyramid-scheme
http://www.forbes.com/sites/investopedia/2014/03/18/what-is-a-pyramid-scheme/
http://www.sec.gov/answers/pyramid.htm
http://www.sec.gov/answers/ponzi.htm
http://en.wikipedia.org/wiki/Ponzi_scheme

So...basically all red flags are true. 6/6 wow GAW 100% congratulations you have an A+

[welchy8764]

Your "business school 101" is really a high school class on keeping suckers happy. A good scam artist (let's leave the P word aside to avoid dumb word games) keeps the early adopters happy so the purse is nice and fat to handle the ups and downs of running a business that is legitimate on paper but exploitative and small-minded in practice.

This again?  There are hundreds of examples of people doing very well without a college degree.  Entrepreneurship isn't something that's learned in a class.  You have to go out and earn your stripes.  Some people have just got the knack.  Is Josh one of them?  The jury is still out, but he's started and sold off successful companies despite the naysayers here.

You are correct.. The examples are endless.. Dyslexia is a good quality as well to be successful. Its a fact.. The facts here are clouded by BULLSHIT.. He needs to keep his mouth shut and show everyone with actions he is capable of leading a company to success. He has not impressed anyone so far..

[T0urist]

So, which usb miner would be best to mine the new Paycoin(s). I'm only going to get one and only one and plug it into my much neglected pc.
Remember cheap like the budget. I've been meaning to learn how to setup mining hardware.
Feel free to PM me suggestions too.

We're working on creating a pool, I'm looking at open-source pools.
Also, I have hookups at bittrex and I'm sure they will post the coin =)

Cool so no rush, which thumb miner would you suggest?
It will be fun to see if I can mine with next to no power
more of you paycoin(s) than I never get for my Hashpointupons

just use your cpu. the paycoins block change is hyperendothermic. its also green so you wont need to pollute the planet

[T0urist]

Paycoin(s) can now be used at any sex shop within the US to buy yourself enough lube for when the real Paycoin comes out.

next step. who should our celebrity be? i vote ponzi the clown? any other nominations?

[WaffleMaster]

Paycoin(s) can now be used at any sex shop within the US to buy yourself enough lube for when the real Paycoin comes out.

next step. who should our celebrity be? i vote ponzi the clown? any other nominations?

[RiverBoatBTC]

pee wee herman  

[T0urist]

So, which usb miner would be best to mine the new Paycoin(s). I'm only going to get one and only one and plug it into my much neglected pc.
Remember cheap like the budget. I've been meaning to learn how to setup mining hardware.
Feel free to PM me suggestions too.

We're working on creating a pool, I'm looking at open-source pools.
Also, I have hookups at bittrex and I'm sure they will post the coin =)

Cool so no rush, which thumb miner would you suggest?
It will be fun to see if I can mine with next to no power
more of you paycoin(s) than I never get for my Hashpointupons

just use your cpu. the paycoins block change is hyperendothermic. its also green so you wont need to pollute the planet

I'm going to get it on some exchanges before Josh gets time to get his on, I'll guarantee a $0.02 foor.

my dad gives me $5 pocket money a week for taking the trash out so he's loaded... im sure he'd totally be up to be one of the big investors under nda.

[puwaha]

Thanks for contributing to the conversation without actually looking at the situation.  Maybe you should go look at my account over there and what I actually posted.  Your response displays a lack of knowledge of the context.

Link please?

https://hashtalk.org/user/blazecoin

Ok, so I read the thread... my point still stands.

[puwaha]

Not premining, so those Hash Points people are expecting to spend to get coins early...? You've proved you are a shill, just move along.

Man, you guys need to spend more time reading this thread.  Hashpoints are not pre-mine... they are coupons.

[WaffleMaster]

Not premining, so those Hash Points people are expecting to spend to get coins early...? You've proved you are a shill, just move along.

Man, you guys need to spend more time reading this thread.  Hashpoints are not pre-mine... they are coupons.

To be spent on PayCoin. So how do they give them PayCoin for HashPoints if they're not premining? And lal the big investors under "NDA" that spent millions? Shill on sir

[10BTCaDay]

Paycoin(S) Announcement thread: https://bitcointalk.org/index.php?topic=889101.new#new
If anyone wants to add anything to the OP, let me know!

We're already listed on hashtalk!
https://hashtalk.org/topic/22602/first-they-ignore-you-then-they-laugh-at-you-then-they-fight-you-then-you-win

[TheIZS]

Paycoin(s) can now be used at any sex shop within the US to buy yourself enough lube for when the real Paycoin comes out.

next step. who should our celebrity be? i vote ponzi the clown? any other nominations?

Perfect

[Snipe85]

So let me get this straight - you guys, for whatever reason, think GAW is a scam, so your solution to that is to create confusion in the less knowledgeable people by producing a cut and paste clone of XPY and putting that out there to scam people or otherwise cause them losses. Do I have that correct?

And you think that somehow Big Vern is going to list your scam coin on Cryptsy as well?

If it's not already clear you guys are scum, it certainly is clear to everyone now, isn't it?

God forbid we even look at the big picture - which is GAW is making a push to bring crypto mainstream - and you jackasses are trying to create a situation that makes every single crypto-interested person think how fucked up this entire industry really is by creating your own scam... whom do you think you are really helping?

If the folks helping with Paycoin at GAW are hopeless morons like you all think we are, is doing this going to change that? No. We're a lost cause according to all of you. Why not just let us be to be manipulated and scammed like you think we are having done to us? Write us off and get on with your lives. Dance on our graves and tell us all you told us so... after it's all crumbled down around our ankles. The only thing you are hurting is the industry itself by going this route.

I have to agree with you that if they wanted to act and could prove anything they wouldn't sit here making memes and telling people to "fuck off". You're just fueling their hate by trying to explain things. Just enjoy the show.
If GAW is legit, they will continue to function in the folowing months and the trolls will keep wasting time.  

[puwaha]

Sigh.

Not that I'm shocked you didn't understand what I wrote... but ok...

Clearly you do not understand what a Ponzi is.

I'm sure you will enlighten me below, completely ignoring what I actually wrote.

While I hate feeding trolls, it would be sad if anyone read your post and thought you made a point.  If this is what you learned in b-school, you should ask for a tuition refund.

I need help here... you attempt to insult me, yet think that I am a troll?

The very definition of a Ponzi scheme is that old investors are paid profits from the (new money) provided by subsequent investors.

Here comes the enlightenment.  Thanks.  But I didn't say anything about new investors.  Go back and re-read.  What I stated is that GAW has cleverly created a system to keep their existing customers, and getting them to reinvest and put more of their own money in.

IF that is what is going on at GAW, its a Ponzi pure and simple.  Note that I am not saying that is what GAW is doing, but you are saying it is and if you believe that you should run. 

No, I'm not saying it is.  Please go back and re-read.

[Colorado_Miner]

Paycoin(S) Announcement thread: https://bitcointalk.org/index.php?topic=889101.new#new
If anyone wants to add anything to the OP, let me know!

We're already listed on hashtalk!
https://hashtalk.org/topic/22602/first-they-ignore-you-then-they-laugh-at-you-then-they-fight-you-then-you-win

Took down crashtalk with that post  

[DARKANGEL6415]

I clicked the ignore button under your name and i suggest everybody else does the same

Coward.

You can't take it?

I have a couple of questions. What is your take on the lack of miners shown in the video. Don't you find it the least bit suspicious that there was no sound (to possibly hide the number of miners running), the camera was angled at a certain position... and there was no walk through. Do you not think that if its so easy to provide evidence in a walk through that they shouldn't have overlooked it?

Based on just this alone can you see where peoples suspicions lay? The video walkthrough stated people could tell him where to walk and then it becomes an orchestrated controlled video. Should GAW not at least address that to prove 5 PH at least?

On another note do you find it unreasonable that a person investing ask for said proof of their investment? If so why not? Why should a CEO's word rival proof.

To the critical mind that supposed proof of datacenter and mining was in fact proof of the opposite, if it was important enough to announce a visual verification walkthrough in the first place why wouldn't they do it in such a way that it was unequivocal?  Yes people might still argue about what kit they thought was being used but we would get some idea of scale and investment. To the left through the cheap Dexian racks you can see there are no other aisles, just what appears to be direct sunlight streaming in from the distant windows.  Quite honestly it looks to me like just a single aisle of cheap Dexian racking in a shoddy cheap warehouse, no sign of environmental, dust or contamination control and it's dark enough to be an actual mine.  Using an aerosol spray can so close to all those miners intake fans, you can just tell these guys are real pros and know what they're doing.

here's one for you.

a company with $100,000,000 uses a camera phone to show a single aisle of miners in a datacentre.

coulda rented an HD Sony for coupla hundred dollars and made a big thing of showing off their datacentre - but they didn't.
Doing so would surely have resulted in a massive sales spike.

they didn't.
why you think that is?

lol yeah maybe there is a reason behinf it i am sure. Maybe he is trying to keep it simple and humble to be in touch with us down to earth folks. He dont want to scare us with his angelic glow or whatevers else might want to call it lol

[puwaha]

You are correct.. The examples are endless.. Dyslexia is a good quality as well to be successful. Its a fact.. The facts here are clouded by BULLSHIT.. He needs to keep his mouth shut and show everyone with actions he is capable of leading a company to success. He has not impressed anyone so far..

Actually... he's impressed thousands of customers.

But I agree, actions speak louder than words.  The problem is, Josh is young, brash, and egotistical.  These are usually pretty good qualities for a serial entrepreneur.  In my opinion, you should let your product do the talking for you, and let your marketing/PR firms handle the rest.

[DARKANGEL6415]

Selling at $4 and promising $20 is a guarantee of jail time, I hope they fuck his vest ass

lol dam i can feel the love between you and gaw haha  . I am sure it will never come to that because a legit company owner with friends in such high places would never have to worry about something like that.