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

[raskul]

The fact the pump can be used to dump by Homero which is probably the plan.

Yeah dumping after pumping would also make it market manipulation

How is that illegal in this case?

So you think pump and dump is quite legal?

Wow you would fit in great with a boileroom operation defrauding people

please point us towards the bill of rights which makes the act illegal.

I assumed even America had more than one piece of legislation on the books.  What does your congress do?

P.S  i dont study American law being Australian and all.

fuckt if i know i'm Scottish 

[bitpop]

Fuck all shitcoin is all I know, just scams to steal Bitcoin

[clownius]

So you think pump and dump is quite legal?

Wow you would fit in great with a boileroom operation defrauding people

These aren't securities. FINRA has no purview here. The morality is questionable, but I fail to see how it's illegal.

Silly question but if you actually had the finances to do this with gold or oil would it be illegal?  Thats not a security either but im certain it would get you in serious trouble.

[vach]

I imagine if those scammers release their own exchagne and actually get some traders in...
Dont you think the whole purpose of this thing is to have market manipulation power? traders dream about it... and joshisho has it right now

[suchmoon]

So they managed to move it from ~$10 to $15. Without actually having to use the wall, it still seems to be sitting at $10. Legal or not, it's STILL based on a word. Fascinating.

[bitpop]

So you think pump and dump is quite legal?

Wow you would fit in great with a boileroom operation defrauding people

These aren't securities. FINRA has no purview here. The morality is questionable, but I fail to see how it's illegal.

Silly question but if you actually had the finances to do this with gold or oil would it be illegal?  Thats not a security either but im certain it would get you in serious trouble.

Many banks just paid billions for price fixing forex

[elrugrim]

Omg, I'm offended, I was advertised to!

Next to be morally outraged when a commercial shows up on TV!

[bitpop]

Just had an e-mail from gaw telling me to get all my friends and family to buy paycoin 'before the floor is reached' and giving me the URL's of 2 exchanges.
Might not be illegal but it's certainly offensive.

The good old friends and family ponzi

[ikeboy]

Just had an e-mail from gaw telling me to get all my friends and family to buy paycoin 'before the floor is reached' and giving me the URL's of 2 exchanges.
Might not be illegal but it's certainly offensive.

Could you post a screenshot?

[clownius]

So you think pump and dump is quite legal?

Wow you would fit in great with a boileroom operation defrauding people

These aren't securities. FINRA has no purview here. The morality is questionable, but I fail to see how it's illegal.

Silly question but if you actually had the finances to do this with gold or oil would it be illegal?  Thats not a security either but im certain it would get you in serious trouble.

Many banks just paid billions for price fixing forex

Josh is no bank and doesnt own the entire government so im sure he would get treated a bit harsher than a bank who had to pay a petty fine that probably didnt approach what they made from these actions and probably somehow got routed from taxpayer funds rather than the banks actual money

[bumpershot]

Silly question but if you actually had the finances to do this with gold or oil would it be illegal?  Thats not a security either but im certain it would get you in serious trouble.

Only if you did it through futures, which is what people have done with the silver and copper markets in the past. If you're dealing in physical gold or physical oil, not futures contracts or ETF shares, I don't believe there's anything illegal about it.

It's not a silly question, BTW.

[bitpop]

Here's Homeros idol https://www.reddit.com/r/Bitcoin/comments/2q2eud/a_currency_trader_and_200_million_worth_of_his/

http://www.businessinsider.com/currency-trader-vanishes-2014-12

[ZiG]

I have been day-trading since 1997 ...and can tell you that THIS is absolutely NOT-LEGAL...!!!

Call it "insider trading" ..."market manipulation" ...whatever you want ...but is ILLEGAL ...

Just time to call authorities, Scott...

ZiG

Is a stock buyback not legal? There's nothing "insider" about this. This $20 floor has been stated over and over and over again. They were very transparent about this. What's illegal about it?

There is a BIG difference between a "STOCK" and Paycoin...capisco...  

Could you prove that Paycoin is a "Stock"...

ZiG

[clownius]

Just had an e-mail from gaw telling me to get all my friends and family to buy paycoin 'before the floor is reached' and giving me the URL's of 2 exchanges.
Might not be illegal but it's certainly offensive.

Is that supplying investment advice without the correct licences?  it would be in Australia without some very big disclaimers

[bitpop]

Just had an e-mail from gaw telling me to get all my friends and family to buy paycoin 'before the floor is reached' and giving me the URL's of 2 exchanges.
Might not be illegal but it's certainly offensive.

Is that supplying investment advice without the correct licences?  it would be in Australia without some very big disclaimers

You have to think about Brazil which is where he's running to

[elrugrim]

So ZIG, can we see the proof of your formal legal training and expertise of US law, since your saying things are illegal?   I just want to know that your a legitimate source for making such statements instead of well, maybe talking out your ass. =)

[clownius]

Just had an e-mail from gaw telling me to get all my friends and family to buy paycoin 'before the floor is reached' and giving me the URL's of 2 exchanges.
Might not be illegal but it's certainly offensive.

Is that supplying investment advice without the correct licences?  it would be in Australia without some very big disclaimers

You have to think about Brazil which is where he's running to

I know nothing about Brazilian law.  i doubt it has much in common with Australian law.  At least with American law the whole former English colony thing means our laws are reasonably similar in many things especially common law.

Edit:I believe the IRS classes crypto currency as a good rather than a currency?  But they class it as a currency of sort for money laundering? Im not sure how carries over into other areas of law.

What i do know is this is really really pushing your luck.  He may be a case of precedent for quoting when this is over.  He seems to be downright asking to be made an example of

[bumpershot]

Just had an e-mail from gaw telling me to get all my friends and family to buy paycoin 'before the floor is reached' and giving me the URL's of 2 exchanges.
Might not be illegal but it's certainly offensive.

Is that supplying investment advice without the correct licences?  it would be in Australia without some very big disclaimers

No, unless you pay him for the advice. Anyone can give anyone else any free investment advice that he wants.

It's pretty sketchy, though.

[sumantso]

So they managed to move it from ~$10 to $15. Without actually having to use the wall, it still seems to be sitting at $10. Legal or not, it's STILL based on a word. Fascinating.

Quite easy when the volume is so thin and they are sitting on stockpiles of BTC.
All they need is to pump it up on low volumes, maintain for some time, wait for buy wells to go up and then sell at a profit.

[subseaguru]

a nice little write up for the holidays.

https://hashtalk.org/topic/25209/as-a-customer-i-am-pissed-shocked-and-disappointed