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

[rigrenter]

Hashlets are of no interest any more, but anyway - did you notice that "HashletBit" hashlet is still at non-zero payout rate even if TradeMyBit is already closed for mining? Haha...

[raskul]

The funniest is when the detractors can't read sarcasm and end up calling out their own kind. ROFL

I don't care wasting my time differentiating between trolls, shills and the GAW faithful. There are serious ethical considerations at play here.

ethics  

don't bother me with ethics, i've a beautiful wife to service and her credit card doesn't give a fuck about ethics.

[benthach]

someone will serve jail time for this. mark this post.

[raskul]

someone will serve jail time for this. mark this post.

i doubt it very much, it's nothing more than the same timeline of every other shitcoin ever launched.

[interstellar]

https://twitter.com/gawceo/status/547139102844657664

someone EXITED. oops

Paybase will change everything. This reminds me of when the iphone was announced!! It's like having the technology of the future in your hands today!



...Or it'll be a buggy PoS website so hastily created that they have to shut it down after a couple hours for re-tooling.

[inBitweTrust]

Can you please explain me what ponzi scheme was with cloud mining Thanks... what i was missing from cloud mining part

GAW was likely fractional reserve mining. There was proof of 5PH but that was a fraction of their sold contracts. Which would mean they were running a ponzi by paying out a percentage of rewards from new contracts signups instead of 100% mining.

Evidence:

https://bitcointalk.org/index.php?topic=875487.0

https://bitcointalk.org/index.php?topic=878387

[dandana]

widespread adoption of crypto by any means neccessary

Count me out of this pump&dump crap. Darwinism is fine with me.

We don't know if this is p&d yet do we? Where's the conclusive evidence? Stop making fuddy subjective statements.

Agree with you on the Darwinism thing tho.

The CEO clearly announced the pump, with bots and everything, and there is obvious dumping going on, otherwise the price would just shoot up to the moon and stay there. What evidence would you consider conclusive?

Just to make this clear: most of what I post here is my subjective opinion, except when I link or quote someone else. Just like your statement that we're all for widespread crypto adoption by any means neccessary. I'm not. Pumping the price of a coin is one of the shittiest moves you can do in crypto, and it doesn't help adoption at all. IMSO.

on coin-swap.net the trading price of xpy on the second day after it was launched was 150$.... why he didnt dump the paycoins then and wait for paybase to dump them at 20$??...

[jfabritz]

That hashlet tattoo idea sounds bad ass.  I'm going to get it next to my Jar Jar Binks tattoo I got right before episode 1 came out.

George Lucas must have been high when the Jar Jar Binks character was created for Episode 1, but I digress...

I wish the plan for Paycoin was more solid than it is. Yes, the coin launched and it is being traded. You can't really do much with it yet except trade it or stake it. The biggest part that would take it to the next level, direct adoption by retailers, isn't in place yet after all of these veiled hints of big retailers going to adopt it before the coin launched. Paybase, the linchpin in this whole operation, is still TBD.

If those retail connections were in place when the coin was available to trade, who knows what great things could have happened. All of a sudden you'd have people spending it, and using it like a real currency and as long as it didn't break (which it did BTW), it would have been something fantastic. Maybe it is fortunate that retailers were not using it. Because if the block chain broke during the holiday season, it would have been a black eye on XPY and have greater impacts on cryptocurrency in general going forward.

There are plenty of other concerns everyone has had here on this forum that were not clearly addressed or documented by GAW, particularly the financial aspects and the "floor". If there was more clarity and openness, many of the messages on this forum would probably not exist.

If constructive criticism is accepted, maybe it would have helped GAW look internally and maybe see the flaws in their plan and address them early. Having the community downvote and over-zealous moderators police critical thinkers on HT shuts down the exchange of ideas and information. If you strongly believe in what you are doing and have the facts to back it up, you shouldn't be afraid of those that challenge you. Standing up and sharing your knowledge will only strengthen your position with your customers.

I still hold some XPY and hedge my bets on whether it is successful in the long term or not. I would like to think it can be, but a lot of it depends on how GAW moves forward from here. Be open about your plans now that the coin is out. Be up front with your timelines on when things will happen. Be honest with your customers and investors. Being evasive or coy is only going to generate concern. Do the right thing and you will be rewarded.

[raskul]

widespread adoption of crypto by any means neccessary

Count me out of this pump&dump crap. Darwinism is fine with me.

We don't know if this is p&d yet do we? Where's the conclusive evidence? Stop making fuddy subjective statements.

Agree with you on the Darwinism thing tho.

The CEO clearly announced the pump, with bots and everything, and there is obvious dumping going on, otherwise the price would just shoot up to the moon and stay there. What evidence would you consider conclusive?

Just to make this clear: most of what I post here is my subjective opinion, except when I link or quote someone else. Just like your statement that we're all for widespread crypto adoption by any means neccessary. I'm not. Pumping the price of a coin is one of the shittiest moves you can do in crypto, and it doesn't help adoption at all. IMSO.

on coin-swap.net the trading price of xpy on the second day after it was launched was 150$.... why he didnt dump the paycoins then and wait for paybase to dump them at 20$??...

i will reiterate.

a fool and his money are soon parted.

it is because Garza is a fool.

[inBitweTrust]

on coin-swap.net the trading price of xpy on the second day after it was launched was 150$.... why he didnt dump the paycoins then and wait for paybase to dump them at 20$??...

Goodness, you are just precious .... I can place a sell order for XPY for 1k a coin if I wanted.... did it get fulfilled at 150 and if so how much volume was fulfilled at that price?

[dandana]

And some guys from here talked about pre mining .... it cant be the first coin that was premined ... so where's the ponzi in that

[suchmoon]

on coin-swap.net the trading price of xpy on the second day after it was launched was 150$.... why he didnt dump the paycoins then and wait for paybase to dump them at 20$??...

There was also a 50k BTC price when the coin was stalled. Do you know what was the total volume of those orders?

[gefafwisp]

widespread adoption of crypto by any means neccessary

Count me out of this pump&dump crap. Darwinism is fine with me.

We don't know if this is p&d yet do we? Where's the conclusive evidence? Stop making fuddy subjective statements.

Agree with you on the Darwinism thing tho.

The CEO clearly announced the pump, with bots and everything, and there is obvious dumping going on

Let's just call it swing trading for now shall we?

otherwise the price would just shoot up to the moon and stay there. What evidence would you consider conclusive?

Coin death by consistent heavy selling. At the moment it looks pretty steady.

Just to make this clear: most of what I post here is my subjective opinion, except when I link or quote someone else. Just like your statement that we're all for widespread crypto adoption by any means neccessary. I'm not. Pumping the price of a coin is one of the shittiest moves you can do in crypto, and it doesn't help adoption at all. IMSO.

Yup, I'm against p&d too. Been burnt a couple of times, and it's never good for crypto. Tell you what, if this turns out to be a p&d and it helps the widespread adoption of crypto, I'll recant re: my 'any means neccessary' statement. (god this is hard work, I need a mince pie, brb).

[coinmaster222]

Think the people here bringing Gaw down were those that never bought the coin at $5 and are just pissed off

[raskul]

Think the people here bringing Gaw down were those that never bought the coin at $5 and are just pissed off

i bought.

then i sold.

 

[benthach]

someone will serve jail time for this. mark this post.

i doubt it very much, it's nothing more than the same timeline of every other shitcoin ever launched.

the reason is this line below;

Q: Will the coin have wide merchant adoption at lauch as initially promised?
A: Work in progress. In the early announcements GAW mentioned partnerships with major retailers such was Amazon and Walmart, however later it was explained as still being negotiated.

anyone losing money can sue this moron because he's drag amazon and walmart into this shitty scam coin, there will be ton and ton of losers in this game when everything is over.
people will asking for any rep and discussion between them and these corporations and chance is none.

[inBitweTrust]

And some guys from here talked about pre mining .... it cant be the first coin that was premined ... so where's the ponzi in that

Those facts aren't necessarily correlated. The ponzi will be revealed once adoption stalls from partial base sell off and profit taking from GAW insiders overtakes new adoption and than paybase cannot meet 20usd= 1XPY orders with their reserve. This may take a week or months to reveal itself just like with any ponzi.

Think the people here bringing Gaw down were those that never bought the coin at $5 and are just pissed off

Would never buy something sketchy like this even if I thought that I could profit off the other victims.

[raskul]

someone will serve jail time for this. mark this post.

i doubt it very much, it's nothing more than the same timeline of every other shitcoin ever launched.

the reason is this line below;

Q: Will the coin have wide merchant adoption at lauch as initially promised?
A: Work in progress. In the early announcements GAW mentioned partnerships with major retailers such was Amazon and Walmart, however later it was explained as still being negotiated.

anyone losing money can sue this moron because he's drag amazon and walmart into this shitty scam coin, there will be ton and ton of losers in this game when everything is over.
people will asking for any rep and discussion between them and these corporations and chance is none.

it is the case that he has made an awful lot of written promises.
If I were Garza, i'd be shitting my pants about now.

[dandana]

on coin-swap.net the trading price of xpy on the second day after it was launched was 150$.... why he didnt dump the paycoins then and wait for paybase to dump them at 20$??...

Goodness, you are just precious .... I can place a sell order for XPY for 1k a coin if I wanted.... did it get fulfilled at 150 and if so how much volume was fulfilled at that price?

the price volume was fulfilled because the amount of coin mined in first day was pretty high... even i exchanged at 110 115.. i was offline when it got to 150 but the amount of coins exchanged was kinda large + the price went down to 8$ so a large amount of xpy was traded ... you can look at the charts from first 2 days... so again the same question remains .. ok i understand he cant dump 12 milions of coins ... but if ure trying to dump 12.5 milions of coins whats the matter .. 13 - 25$ ... the profit you make its enormous... whats the point of creating your own platform of trading ... maybe the other exchanges will remain at 19$ and just paybase will be 20$ i does not see the worthing of trying to dump at 20$ when you made bilions already+ the withdraw fees... + other exchangers limitations .. its wont be a scam i promise..

[inBitweTrust]

I predict once Paybase eventually starts slowly trickily out 20usd per XPY all of the shills and gawfaithful will come running here to to claim "I Told you So"... when suggesting as much indicates they have no idea how a ponzi runs and how long they can remain afloat as long as new adoption doesn't stall and grows at a high enough rate.

the price volume was fulfilled because the amount of coin mined in first day was pretty high... even i exchanged at 110 115.. i was offline when it got to 150 but the amount of coins exchanged was kinda large + the price went down to 8$ so a large amount of xpy was traded ... you can look at the charts from first 2 days... so again the same question remains .. ok i understand he cant dump 12 milions of coins ... but if ure trying to dump 12.5 milions of coins whats the matter .. 13 - 25$ ... the profit you make its enormous... whats the point of creating your own platform of trading ... maybe the other exchanges will remain at 19$ and just paybase will be 20$ i does not see the worthing of trying to dump at 20$ when you made bilions already+ the withdraw fees... + other exchangers limitations .. its wont be a scam i promise..

Anybody can accidentally buy an overpriced coin on an exchange, whats your point?

So now you are suggesting that they should wait till paybase because coin swaps fee 0.1% to 0.5% is too high, seriously?