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

[dyask]

I'm not involved in GAW at all, thankfully. But as an outsider looking...this whole thing from haslets to primes to Zens to paycoins is a fiasco. All I see is a hype machine preying on people who came too late to bitcoin mine.  They have the "get rich quick bug" that we have all dealt with.  Maybe a very few early adopters made some coin. But like all schemes, it quickly unravels and the masses pay the price.
I could be wrong. But the whole thing just has a bad odor about it.

I couldn't agree more. I have felt that way since the beginning as well. Well said.  

Had my fun with early BTC mining. Key word "hype"

The problem with your views are that almost everyone that has invested in GAW is way ahead now.   GAW keeps changing the game and that is frustrating to some, but it is working.   I wasn't sold at all on the hashstakers, but they are actually working out pretty well.   This just keeps happening with GAW.

The problem with that statement is that it's not true at all.

GAW has no real revenue streams. They've admitted several times now that mining is unprofitable for them. (even after spending $8m on the worlds most advanced pool)

With no real revenue streams, 100% of GAW's money comes from investors. That means if you made a profit, someone else made a loss. The only reason some people were able to play GAW's games and made money, was because other people played their games and lost. This is the nature of a Garza scheme.

To win GAW's games you just need to understand it's a scam that is always shapeshifting into the latest and greatest profit making scheme. If you stuck with any of the old schemes with hopes that it will payout decent returns again, you lost.

You don't really know anything about GAW's income or how much mining they have or didn't have.   So you are making up stuff to try to have a point.   Now that GAW is paying in XPY and XPY can be sold on exchanges it really doesn't even matter how things worked in the past.   People that haven't broken even yet are now moving that direction.   Some people that invested large are reaping huge daily income.  

I'm not going to try and defend GAW's amount of mining because I can't prove anything anymore than you can disprove anything and it really doesn't matter any more.    I fully expect things will be different again in six months.   That is just how it is.    Still my statement is completely true and after the successful lunch of XPY, even newer investors made a lot and stand to make more.  

[1715102669]

1715102669

[1715102669]

1715102669

[1715102669]

1715102669

[1715102669]

1715102669

[1715102669]

1715102669

[MinermanNC]

Hmm,you guys seen this

http://finance.yahoo.com/news/zeushash-bitcoin-cloudmining-announces-christmas-040900222.html

a while back Zeus got out of retail mining gear and cancelled one of its biggest miner developments, to begin focusing more on Cloud mining and pay services. personally I see more of a more realistic approach in what they are doing as opposed to GAW. Not a lot of smoke and mirrors, seems pretty legit and straight forward.

Zpay vs paycoin/paybase?, I tend to have more confidence in Zpay  

[dyask]

I'm not involved in GAW at all, thankfully. But as an outsider looking...this whole thing from haslets to primes to Zens to paycoins is a fiasco. All I see is a hype machine preying on people who came too late to bitcoin mine.  They have the "get rich quick bug" that we have all dealt with.  Maybe a very few early adopters made some coin. But like all schemes, it quickly unravels and the masses pay the price.
I could be wrong. But the whole thing just has a bad odor about it.

I couldn't agree more. I have felt that way since the beginning as well. Well said.  

Had my fun with early BTC mining. Key word "hype"

The problem with your views are that almost everyone that has invested in GAW is way ahead now.   GAW keeps changing the game and that is frustrating to some, but it is working.   I wasn't sold at all on the hashstakers, but they are actually working out pretty well.   This just keeps happening with GAW.

would u like to buy 200 hashstakers dirt cheap? there all 6month ones 1000$ you can then use them make a but load just ask josh

There isn't any safe way to sell and buy now until PayBase is up.  You should be able to sell next week once Paybase is up.   I know a lot of people are looking forward to selling.   My son was eager to sell until he figured out how much he is making off of them.

you and your son got scammed lol

We are both way past break even and into profits.   How is that getting scammed?

[bumpershot]

We are both way past break even and into profits.   How is that getting scammed?

Are your profits still in Paycoin, or do you have more BTC/Dollars than you started with?

[dyask]

We are both way past break even and into profits.   How is that getting scammed?

Are your profits still in Paycoin, or do you have more BTC/Dollars than you started with?

We both have way more in terms of BTC that has been received.   On top of the BTC, we both also have paycoin that hasn't been converted to BTC, but that is easy to do.   Why you ask about dollars is beyond me, not everyone lives in America. 

[bumpershot]

Oh, boy. Here it is.

https://hashtalk.org/topic/25650

Here is the bottom line:

    Will GAW use its resources to help ensure you can use your Paycoins in Paybase at a $20 value? YES
    Will everyone be able to rush and sell every Paycoin they own at the same time for $20? NO

[bumpershot]

We both have way more in terms of BTC that has been received. 

Awesome. I just like to keep it real. I'm glad things have been so successful so far.

[vach]

Hollly Sell

[MinermanNC]

Oh, boy. Here it is.

https://hashtalk.org/topic/25650

Here is the bottom line:

    Will GAW use its resources to help ensure you can use your Paycoins in Paybase at a $20 value? YES
    Will everyone be able to rush and sell every Paycoin they own at the same time for $20? NO

I just love to read the comments after he post anything good or bad.... the followers just gobble it up regardless of what he says. I hope they can read between the lines" in that post.

[ALF2097]

Surprise! Surprise!

The Floor of USD 20 is no longer guaranteed.

https://hashtalk.org/topic/25650/you-are-paycoin

https://i.imgur.com/fqsqPOp.png

[T0urist]

What if this whole scheme was to promote meganet?

ray gun research

[bumpershot]

This has to be the nail in the coffin for PayCoin. I was really hoping that they had enough for real price support. They don't. It's over.

[bitpop]

Back to brass tacks - we have talked about this “floor” for a long time. What does it mean? Does it mean you can always sell your paycoins at $20 or does it mean we will work together to create a market that makes Paycoins worth at least that? It’s both. GAW can accomplish this with everyone working in the same direction with the same goals.

The floor is created and sustained by using a combination of our buying power and our funds (derived from the CAF) to help pull the market up at strategic times when selling pressure is at its highest. But, the value of Paycoin has to exist because people believe it has value and are willing to stake (and spend) their coins over the long term. Staking and spending are two of the most important methods of refilling the CAF, and, therefore, sustaining the value of Paycoin.

The First Market Maker

Paybase is the first market maker for Paycoin and here is how it works:

As new customers join Paybase to use its rich feature set, they will be purchasing Paycoins, which we source and buy in the marketplace, which in-turn raises the price of Paycoin. Paybase makes a market for Paycoin - not the other way around. Paybase was built to help stabilize the market. It will automatically find exchanges that low sell orders for Paycoin and buy them first to lift the price to stabilize it.

This is something no crypto currency has ever had: A powerful market maker, like Paycoin, focused on creating adoption and stability. More market makers are coming, it will not just be Paybase, many more are on the way.

So what does this come down to?

Josh, “Will I get my $20 for my XPY when Paybase opens?”

Here is the bottom line:

    Will GAW use its resources to help ensure you can use your Paycoins in Paybase at a $20 value? YES
    Will everyone be able to rush and sell every Paycoin they own at the same time for $20? NO
    Will I need to sell every Paycoin I have to ensure I get $20 for each one? NO

[vach]

anyone has idea why market goes up? after this announcement?

[I_IZ_DEKAY9]

Oh, boy. Here it is.

https://hashtalk.org/topic/25650

Here is the bottom line:

    Will GAW use its resources to help ensure you can use your Paycoins in Paybase at a $20 value? YES
    Will everyone be able to rush and sell every Paycoin they own at the same time for $20? NO

holy shit the smokeing gun translation we cant afford to hold the 20$ floor

[vach]

I'm pretty sure they shit their pants already, and there are no that big investors to invest millions.... they always tried to sound arrogant hoping to involve more people but apparantly they dont have enough to even buy all these coins.

[dyask]

This has to be the nail in the coffin for PayCoin. I was really hoping that they had enough for real price support. They don't. It's over.

TodayBITTREX shows 466 BTC volume in XPY trades.   It is way below the $20 floor price.   Seems pretty successful to me.

When people have a way to use XPY for $20 that will create a floor.  I have no idea how strong it will be, but I fully expect the price of XPY will raise if that happens.    If someone manages to dump a few thousand coins on an exchange and bring the price way down, it would only be temporary.   Dumps like that have happened with BTC many times, but it still lives on.   The kind of dumps we are talking about are nothing compared to what MT. GOX did to BTC.      

[Zelig]

What if this whole scheme was to promote meganet?

ray gun research

We were all young once.  I remember when Auroracoin was the next big thing.  Came out in the 20's or 30's Now it's 2 and a half cents and holding steady. 

Z

[jfabritz]

So does that mean I won't get my "$20" gift cards?  

I guess if I could get my payout in MickeyD's gift cards so I can swim in McGriddles for eternity, I might be okay with that... hahahaha

We all called it on this forum - what will the GAW faithful do now that Josh laid out his cards?

We know the answer to this as well - most of them will do nothing, bleating "GAWsome!" and "I trust Josh!" until the very end.

[I_IZ_DEKAY9]

why the fuck you think josh was so desperate to boost xpy to 25$ or he tried to crash it when he released hp to xpy? there trying get out of the commitment they cant actually afford he tried to boost it to 25$ to protect the fiat reserve and he tried to collapse xpy to buy it all cheap so far both ideas failed now hes scared of the run on the bank as of right now the fiat reserve cant handle a run on the bank even though hashstakers are active this shits bad for those staking or holdin xpy he ranted tonight like a nervous child