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Author Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)  (Read 3192958 times)
T0urist
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December 12, 2014, 11:28:44 AM
 #4861

Hey Josh want to come to this forum and do a Q&A? you gutless lying piece of shit.

Insult is the last refuge of the ignorant


Still better than cowardice and deceit
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I_IZ_CEO
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December 12, 2014, 11:30:03 AM
 #4862

Hey Josh want to come to this forum and do a Q&A? you gutless lying piece of shit.

Insult is the last refuge of the ignorant



Stupidity is a talent for misconception.
Edgar Allan Poe

gefafwisp
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December 12, 2014, 11:38:36 AM
 #4863

Stupidity is a talent for misconception.

See my previous point about insult Wink
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December 12, 2014, 11:52:41 AM
 #4864

Lots of Grannies are going to hate crypto currency when this mess is over.

Quote
That Josh boy was so nice. What happened to my PayCoins. My life savings is gone.

 Undecided

Buy a Trezor and Protect your BTC, BCH, BTG, DASH, LTC, DGB, ZEC, ETH and ETC from hackers.
If I was helpful please buy me a coffee BTC: 1DWK7vBaxcTC5Wd2nQwLGEoy8xdFVzGKLK  BTG: AWvN1iBqCUqG2tEh3XoVvRbdcGrAzfBBpW
If I was helpful please buy me a burger XVG: DGYWTLtcGh4mvoG6B2yifakeP2W24P4cco  DGB: DLASV6CUQpGtGSyaVz5FYuu5YxZ17MoGQz
GAW_Homero
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December 12, 2014, 12:10:36 PM
 #4865

Following on from Scotts' excellent detective work.
This makes interesting reading :-

http://trademarks.justia.com/owners/geniuses-at-work-corporation-2912950/

CoinPay - Interesting.....

Attorney Name

David H. McLain, Esq.

Attorney Name

David H. McLain, Esq.


Attorney Name

David H. McLain, Esq.

Attorney Name

David H. McLain, Esq.



https://lawyers.justia.com/lawyer/david-m-mclain-902190


https://www.linkedin.com/in/paytonpeterson


Honeycutt22
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December 12, 2014, 12:14:57 PM
 #4866

Following on from Scotts' excellent detective work.
This makes interesting reading :-

http://trademarks.justia.com/owners/geniuses-at-work-corporation-2912950/

CoinPay - Interesting.....

Attorney Name

David H. McLain, Esq.

Attorney Name

David H. McLain, Esq.


Attorney Name

David H. McLain, Esq.

Attorney Name

David H. McLain, Esq.



https://lawyers.justia.com/lawyer/david-m-mclain-902190


https://www.linkedin.com/in/paytonpeterson




How many BCT accounts does he have?! Or is this another troll account?
miri94
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December 12, 2014, 12:21:41 PM
 #4867

i watched the Madoff movies, very interesting thanks for the link.

it says he gave people 1% interest per month consistently

well at that rate they would have ROIed after 5 years, some people stayed with him 20 years so they must have ROIed many times over, unless they kept giving him new capital?
truth_
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December 12, 2014, 12:24:21 PM
 #4868

So the public wallet is supposedly being released today which would indicate the start of PoW yet there has been zero information regarding pools or anything.
Hmmmm.
I_IZ_CEO
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December 12, 2014, 01:11:12 PM
 #4869

i watched the Madoff movies, very interesting thanks for the link.

it says he gave people 1% interest per month consistently

well at that rate they would have ROIed after 5 years, some people stayed with him 20 years so they must have ROIed many times over, unless they kept giving him new capital?

You are welcome!
He couldn't keep it going @ 1% and this guy is offering? 400?
His friends made a lot of money and did roi.. same @ HT some have roi'd
Almost everyone kept giving, why not? Its FREE MONEY, he would tell people to take their money out at anytime but the greed would not let them do it (when they questioned him) Rings a bell?
A good short article by business insider

Here Are The 8 Kinds Of People Bernie Madoff Says Are Also To Blame For His Ponzi Scheme

http://www.businessinsider.com/why-bernie-madoff-blames-everyone-else-for-his-ponzi-scheme-2011-2

The same type of people are flocking to HT atm.

minerjones
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December 12, 2014, 01:51:27 PM
 #4870


MANTIS CRYPTOS & PHYSIBIT - The best places to shop for physical bitcoins and more!!
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December 12, 2014, 02:01:51 PM
 #4871

...

You've summed up the MO of this bct hate campaign nicely. Well done Grin
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December 12, 2014, 02:02:18 PM
 #4872

even the hamsters are asking oh why josh are you selling coins before release i just hope he has these dum fcks lock up there funds 6 months and i can if lucky dump on day one
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December 12, 2014, 02:03:23 PM
 #4873

even the hamsters are asking oh why josh are you selling coins before release i just hope he has these dum fcks lock up there funds 6 months and i can if lucky dump on day one

Watch. He is going to tell them on the 19th the sale so went so well the PayCoins are out of stock so no HashPoint conversions. Should have bought them when you had the chance.

Buy a Trezor and Protect your BTC, BCH, BTG, DASH, LTC, DGB, ZEC, ETH and ETC from hackers.
If I was helpful please buy me a coffee BTC: 1DWK7vBaxcTC5Wd2nQwLGEoy8xdFVzGKLK  BTG: AWvN1iBqCUqG2tEh3XoVvRbdcGrAzfBBpW
If I was helpful please buy me a burger XVG: DGYWTLtcGh4mvoG6B2yifakeP2W24P4cco  DGB: DLASV6CUQpGtGSyaVz5FYuu5YxZ17MoGQz
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December 12, 2014, 02:09:02 PM
 #4874

even the hamsters are asking oh why josh are you selling coins before release i just hope he has these dum fcks lock up there funds 6 months and i can if lucky dump on day one

Watch. He is going to tell them on the 19th the sale so went so well the PayCoins are out of stock so no HashPoint conversions. Should have bought them when you had the chance.

Then after an uproar on HT he will magically find a whole bunch of Paycoins out of no where. 
bumpershot
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December 12, 2014, 02:10:49 PM
 #4875

An LLC can have a president and a CEO. It can choose to be structured like a corporation, but it doesn't have to.
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December 12, 2014, 02:12:01 PM
 #4876

An LLC can have a president and a CEO. It can choose to be structured like a corporation, but it doesn't have to.

Yeah that's kind of a silly point Scott is making but he's trying the spaghetti against the wall thing hoping something sticks.
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December 12, 2014, 02:17:01 PM
 #4877

Alright. Today’s (yesterday’s) summary of developments.

[snip]


Great info, If you don't mind.. I'm going to forward this info directly to the SEC manager I was previously dealing with.
Just let me know if I can just copy/paste it into an email to him.

Thanks

Folks, the SEC does not care one iota about GAW's trademark applications or corporate formalities or lack thereof.

The SEC is concerned with ONLY one thing: selling and offering to sell unregistered securities by unregistered brokers and dealers.  PERIOD.

A security means an interest in profits that is gained through the purchase of a right to the profit (as opposed to profits gained through work, participation in venture, etc. which are NOT securities).

So the "securities" that the SEC is most likely interested in would be:

(1) Paycoin,

(2) Hashtakers,

(3) Zen and Prime Hashlets,

(4) Other Hashlets

The first 3 of these are clearly securities under established laws (GAW might try to argue that the novel nature of cryptocurrency justifies an exception to existing law; but that does not change the fact that existing law would have these classified as securities without a doubt).  Other hashlets are very likely securities.

When talking the SEC, what they want to hear is **evidence** about the offering or selling of these items, and **evidence** that these items represent profits interests.  No more, no less.  The SEC will listen to you all day long, but if you want them to really hear you you need to speak their language.  Otherwise, you will be written off.

My BTC Addres: 1PMEJCY6ofqmnAdYbdQqToZ7MNSAz35w7v
=>Buy the world's first hardware wallet.   Safer than paper and easier to use than smartphones.  If you use Bitcoin you need this: Buy Trezor!!
gefafwisp
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December 12, 2014, 02:17:37 PM
 #4878

An LLC can have a president and a CEO. It can choose to be structured like a corporation, but it doesn't have to.

Yeah that's kind of a silly point Scott is making but he's trying the spaghetti against the wall thing hoping something sticks.

Desperation Creek TM
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December 12, 2014, 02:19:54 PM
 #4879

An LLC can have a president and a CEO. It can choose to be structured like a corporation, but it doesn't have to.

Yes. A corporation MUST have a corporate management structure, whereas an LLC can CHOOSE to. However there is typically a special case for single-member LLCs, I wonder if Scott was trying to say that GAW Miners is a single-member LLC.

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December 12, 2014, 02:20:42 PM
 #4880

Didn't see anyone bring this up. I recently looked at zenportals ToS. https://zenminer.com/cloud/terms.html Here's what I found.

4. Certain Risks Associated with HashStakers
4.1 Risk of Regulatory Action. Cryptocurrencies have been the subject of regulatory scrutiny by various regulatory bodies, both in the United States and internationally. HashStakers could by impacted by one or more regulatory inquiries or actions, which could (i) impede or limit the Company’s ability to continue to provide the HashStakers, or (ii) prevent the distribution, sale or use of Paycoin. 

"If we get looked at by SEC, dont get mad if we cant pay you"

4.2 Risk of Theft. Hackers or other groups or organizations may attempt to steal Paycoins staked in Prime Controllers and HashStakers. To account for this risk, the Company has and will continue to implement comprehensive security precautions to safeguard Prime Controllers and HashStakers.

How kind of you! Isn't that why we are paying you to host our hardware in the first place?


4.3 Risk that Paycoin May Never be Completed or Released. Purchaser understands that, while the Company will make reasonable efforts to complete the Paycoin software, it is possible that an official completed version of Paycoin may not be released and there may never be an operational Paycoin, Prime Controller, or HashStaker.


WTF?? Really? Ponzi Complete. Commencing Exit Strategy.


4.4 Paycoins May Have No Value. Paycoin is a new cryptocurrency and its value is determined by supply and demand. At any point after its release, it is possible that the market price of a Paycoin may be zero. Because the value of Paycoin may be zero, the value of a stake, in Paycoins, from a HashStaker may also be zero.

Zero huh? What about 20$ and fiat reserves for the floor?


4.5 No Liquidity. Because HashStakers and Prime Controllers are staking wallets, the Paycoins deposited at a HashStaker address will be locked for a length of time, which may be up to 6 months. During the staking period, Purchaser will not have the ability to withdraw or transfer those Paycoins.



This to me is total crap! How can they be allowed to do this? Why don't they allow early withdrawl with a penalty or something?


4.6 Volatility. During a staking period, the market value of locked Paycoins may fluctuate dramatically. The value of the deposited Paycoins after the staking period may be less than the value of the Paycoins before they were deposited. 

Makes sense... yet this simple fact is not understood by the community @ HT.


4.7 No Guaranteed Return. Because proof-of-stake networks award new coins based on the size of a stake relative to other stakes, the Company cannot guarantee that the Prime Controller, and thus a HashStaker, will receive a portion of new Paycoins released during any staking period. Prime Controllers stake against other nodes. Third parties may control nodes that have much larger stakes than Prime Controllers and therefore receive a higher portion of new Paycoins.

Decided now was the time to remove "always profitable" ? Maybe this is proof they aren't a ponzi  Roll Eyes




TLDR; Very sketchy ToS that I dont think many people read but it gives us a glimpse of how GAW is currently being run
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