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

[dekay]

this is what i mean our dump is safe these idiots will sacrifice themselves

[suchmoon]

Anyone wanna guess who or what will be blamed for this POW clusterfuck?

Maybe evil renters with their petahashes broke the coin?

Rackspace?

DHL?

It was r00tdude. He was #1 on Minerspools. His greed broke it.  

Isn't it funny how quickly the CEO tweeted and posted about the exchange trade, but is nowhere to be found almost two hours after the coin got stuck and HT is in full speculation mode. Great management skills on display.

[suchmoon]

If anyone has any spare SHA256 rigs and doesn't think PayCoin is worth the risk you can still take advantage of it. Point your rigs at one of the rental sites - NiceHash/WestHash (easiest), Betarigs, or MiningRigRentals. Prices are booming.

WooHoo I'm plugging in my Block Erupter again. ROI hare I come.

Too late. The good stuff only lasted for maybe an hour. Put those BEs back in the drawer

[suchmoon]

Guess today was the day all the haters were going to eat their words. I'm adding seasoning to mine now to enjoy them.. o wait paycoin was shit

No worries, this can still be twisted as a proof of why POW sucks and POS is awesome.

[dekay]

Anyone wanna guess who or what will be blamed for this POW clusterfuck?

Maybe evil renters with their petahashes broke the coin?

Rackspace?

DHL?

It was r00tdude. He was #1 on Minerspools. His greed broke it.  

Isn't it funny how quickly the CEO tweeted and posted about the exchange trade, but is nowhere to be found almost two hours after the coin got stuck and HT is in full speculation mode. Great management skills on display.

hes hideing and prepping his private jet tos said he isnt liable for stakers not bein made or finished or the coin working

[vabchgent]

Well there renting our miners any way. People mentioning West/nice hash

[WaffleMaster]

Hey™ guys™. My name is Homero™ and I would™ like to present my new™ coin™ WaffleCoin™. This coin is 98% premined™ but have no fear, it's hyper flex™ technology™ and thermonuclear cold fusion™ will be amazing™. Also, it launches™ with more™ merchant acceptance™ than any other coin™. Ignore the fact that I had to bribe™ shitty start ups and terrible companies to even try™ to accept this™ coin. It's backed™ by a 100million™ fiat reserve to ensure that the huge™ dump™ will be sustained™. Look, somebody already bought™ .1 of my coin on an exchange™ at $25!™ ™ ™™™™   Thank you that is all™.
™
™-™Homero™™™

[suchmoon]

If anyone has any spare SHA256 rigs and doesn't think PayCoin is worth the risk you can still take advantage of it. Point your rigs at one of the rental sites - NiceHash/WestHash (easiest), Betarigs, or MiningRigRentals. Prices are booming.

WooHoo I'm plugging in my Block Erupter again. ROI hare I come.

Too late. The good stuff only lasted for maybe an hour. Put those BEs back in the drawer

Sorry, take them back out, quick. NiceHash on the rise. Paycoin pool alive. All blocks gone though

http://pool.paycoin.com/tbs

Edit: wallet is still stuck on 277, not sure if the pool is working either, no blocks so far. WTF is going on.

[T0urist]

Guess today was the day all the haters were going to eat their words. I'm adding seasoning to mine now to enjoy them.. o wait paycoin was shit

No worries, this can still be twisted as a proof of why POW sucks and POS is awesome.

Would be awesome if they didn't use find and replace on an existing codebase. I love how they say the other stuff is in internal testing. What are the timestamps on the code source files? I'm betting this shit was pulled together in the last 2 weeks.

[maildir]

Oh boy, so this is it?

An incredible ruse to launch a new coin pre-mined. Nothing more nothing less. All sorts components and things and plans and stuff.

All amounting to nothing more than a new coin launch that is pre-mined.

And they still fucked that up?

Where are the payouts for those that rented Penta Hashes.? The mac crowd was hysterical there wasn't a wallet for them.

Gomero sits there in his floppy hat and waist coat giggling to himself see I did it I launched it.

He is that classical loser hamster on a wheel, that fucks everthing up, seemingly fixes it, everyone exclaims hooray, and he pats himself on the back.

2 steps forward one step back.

The giggles include cryptocurrency is so new, so difficult, we  as a billion dollar company we encounter hurdles, means...........what..... no, coders with nickels in their pockets can execute all of this along with like minded people for...........nothing.

As for that Payton alter boy in Colorado.........lo and behold, he's the church videographer and a former alter boy.

http://issuu.com/insidelongmont/docs/ilmagazine_september2014?e=0/9360408

So people spent BTC to rent machines to mine garzacoin and no one received anything yet?

Proposal:

1. kickahomerointheteeth, record it and upload to you tube 3 x 1 BTC to the first person to do that

2. pieinthefaceofweirdogarza, record it and upload it to you tube 1 x BTc to the first person to do that

3. fund the real paycoin legal fund to shut this copy cat cunt up once and for all, all his websites, software sales pitches all are wrapped around the name paycoin.

Shut this smug cunt down. I am in for 3 x BTC to ensure the mark paycoin remains with the originator.

That Homero Garza is one sick puppy.

[dekay]

so how do u fix this josh i think we should wakeup the idiots at ht

[WaffleMaster]

I've seen a 40 year old nerd living in his momma's basement launch a coin better than this.

[MinermanNC]

NOMP down? page cannot be displayed... that's not good lol so hows the paycoin mining going so far?

[dekay]

I've seen a 40 year old nerd living in his momma's basement launch a coin better than this.

if you check tos it says he aint liable someone highlight what im talking about

[dekay]

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 




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

[alienesb]

Hey™ guys™. My name is Homero™ and I would™ like to present my new™ coin™ WaffleCoin™. This coin is 98% premined™ but have no fear, it's hyper flex™ technology™ and thermonuclear cold fusion™ will be amazing™. Also, it launches™ with more™ merchant acceptance™ than any other coin™. Ignore the fact that I had to bribe™ shitty start ups and terrible companies to even try™ to accept this™ coin. It's backed™ by a 100million™ fiat reserve to ensure that the huge™ dump™ will be sustained™. Look, somebody already bought™ .1 of my coin on an exchange™ at $25!™ ™ ™™™™   Thank you that is all™.
™
™-™Homero™™™

Lol

[coinGeek]

If anyone has any spare SHA256 rigs and doesn't think PayCoin is worth the risk you can still take advantage of it. Point your rigs at one of the rental sites - NiceHash/WestHash (easiest), Betarigs, or MiningRigRentals. Prices are booming.

WooHoo I'm plugging in my Block Erupter again. ROI hare I come.

Too late. The good stuff only lasted for maybe an hour. Put those BEs back in the drawer

Sorry, take them back out, quick. NiceHash on the rise. Paycoin pool alive. All blocks gone though

http://pool.paycoin.com/tbs

Edit: wallet is still stuck on 277, not sure if the pool is working either, no blocks so far. WTF is going on.

I did get a few shares at .0269 BTC/TH/Day on westhash. Made more than I make in a week with my Multihashlet!

[dekay]

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  




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

srs this is in the zenminer tos google it the coin is doa i bet josh will give us pre mine xpy n be sorry the block chain is dead here stake it sorry btw the big investors backed out pce

[tittiecoin]

If anyone has any spare SHA256 rigs and doesn't think PayCoin is worth the risk you can still take advantage of it. Point your rigs at one of the rental sites - NiceHash/WestHash (easiest), Betarigs, or MiningRigRentals. Prices are booming.

WooHoo I'm plugging in my Block Erupter again. ROI hare I come.

Hey CoinGeek,

I have a Block Erupter but I dont know how to set it up to mine on anything other than BTCGuild.
Can you help? I'd like to run it on PayCoin.

[corygto]

If anyone has any spare SHA256 rigs and doesn't think PayCoin is worth the risk you can still take advantage of it. Point your rigs at one of the rental sites - NiceHash/WestHash (easiest), Betarigs, or MiningRigRentals. Prices are booming.

WooHoo I'm plugging in my Block Erupter again. ROI hare I come.

Hey CoinGeek,

I have a Block Erupter but I dont know how to set it up to mine on anything other than BTCGuild.
Can you help? I'd like to run it on PayCoin.

There's nothing to mine, looks like there is a "network stall" that the devs are "working on"