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

[Jacques de Molay]

So LTC/BTC drops to like 0.008. BTC drops to BARELY above $300. Scrypt difficulty shoots up to 50,000 plus.  And GAW is supposed to keep paying out crazy sums?  Just bankrupt everything to avoid being a scam? They are paying out above what each of those hashlets earns you know. Yes, its ultra-low, but they ARE paying out a profit. Every day. And they gave customers a way out MULTIPLE times to recoup their investments. There's only so much hand-holding you can do.

Please do explain to me how the only "never obsolete" miner with "massive economies of scale" and "power costs cut in half" mining on "the world's most profitable pool" became obsolete before any other asic.

Obsolete would imply that it costs you to mine with your hashlets. Does it?

According to your made up definition?

I would say a miner is obsolete when it takes more than 1000 years to recover your investment.

Can you answer my question or not?

Why are gridseeds still profitable, yet hashlets are not?

How is that possible with "power costs cut in half", and "the worlds most profitable pool"?

Shutup, look at my shirt and how the decal is off center., I'm tough as my shirt doesn't fit cos of my muscles  Plus I might be a redhead ok

[favelle75]

So LTC/BTC drops to like 0.008. BTC drops to BARELY above $300. Scrypt difficulty shoots up to 50,000 plus.  And GAW is supposed to keep paying out crazy sums?  Just bankrupt everything to avoid being a scam? They are paying out above what each of those hashlets earns you know. Yes, its ultra-low, but they ARE paying out a profit. Every day. And they gave customers a way out MULTIPLE times to recoup their investments. There's only so much hand-holding you can do.

Please do explain to me how the only "never obsolete" miner with "massive economies of scale" and "power costs cut in half" mining on "the world's most profitable pool" became obsolete before any other asic.

Obsolete would imply that it costs you to mine with your hashlets. Does it?

According to your made up definition?

I would say a miner is obsolete when it takes more than 1000 years to recover your investment.

Can you answer my question or not?

Why are gridseeds still profitable, yet hashlets are not?

How is that possible with "power costs cut in half", and "the worlds most profitable pool"?

Gridseeds are profitable because you piggy back on your own internet connection that you pay for as well as the space you already have. Go rent a space and set up a separate internet connection for it and see how profitable they are.

[cryptofunk]

So LTC/BTC drops to like 0.008. BTC drops to BARELY above $300. Scrypt difficulty shoots up to 50,000 plus.  And GAW is supposed to keep paying out crazy sums?  Just bankrupt everything to avoid being a scam? They are paying out above what each of those hashlets earns you know. Yes, its ultra-low, but they ARE paying out a profit. Every day. And they gave customers a way out MULTIPLE times to recoup their investments. There's only so much hand-holding you can do.

Please do explain to me how the only "never obsolete" miner with "massive economies of scale" and "power costs cut in half" mining on "the world's most profitable pool" became obsolete before any other asic.

Obsolete would imply that it costs you to mine with your hashlets. Does it?

According to your made up definition?

I would say a miner is obsolete when it takes more than 1000 years to recover your investment.

Can you answer my question or not?

Why are gridseeds still profitable, yet hashlets are not?

How is that possible with "power costs cut in half", and "the worlds most profitable pool"?

This guy is a piece of work, he thinks the definition of profitable applies to obsolete.

[inBitweTrust]

Yup, they could have been. Do I have 100% proof that they were?  No. I am of the opinion that the burden of proof is on the accuser.

Based upon the evidence and your reasoning how likely do you believe they were fractional reserve mining (or what is known as operating a ponzi.)?

Very likely, moderately likely, 50/50, unlikely, highly improbable

[cryptofunk]

Another great example at selective moderation, anybody else would have been banned in a split second for writing this but rootdude doesn't only get to say it but he gets to keep it in place!

Again, this is just plain idiotic. Why would Josh allow you to throw your XPY away to make marginally more XPY? He's doing all of you morons a favor by not offering HashStakers for XPY.

https://hashtalk.org/topic/26402/xpy-price-is-crashing-on-bittrex/49

[suchmoon]

I don't understand each of the different reward structures so well, and when I tried to research, that article came up. Could you try assuming good faith for a while? How come you're calling me out for asking a question but not anyone who keeps on saying that the paybase reviews were false after they've been shown to be false? It seems that you only say something when you don't like something I say. Is that impression wrong?

I'm getting tired of your multi-page sandbox arguments "who started what first" and "you are more wrong than I am". Like this now above - this is not some kind of affirmative action, I don't have to call out an equal number of posters on each side of a debate just to make you happy. But if you insist you can go dig through 500 pages and find people of all persuasions being yelled at by me for any number of reasons - mainly just because I'm a grumpy old git perhaps.

In other words - grow up, gain some skin, maybe research your posts a bit more, or not, whatever. Post what you think is relevant and stop worrying that someone somewhere somehow interpreted it differently than you expected. I reserve the right to ridicule you as long as you insist on presenting poorly sourced info as undeniable facts and doing a page of nitpicking for each on-topic post. If you need a source for that - Matthew 7:5.

[jimmothy]

So LTC/BTC drops to like 0.008. BTC drops to BARELY above $300. Scrypt difficulty shoots up to 50,000 plus.  And GAW is supposed to keep paying out crazy sums?  Just bankrupt everything to avoid being a scam? They are paying out above what each of those hashlets earns you know. Yes, its ultra-low, but they ARE paying out a profit. Every day. And they gave customers a way out MULTIPLE times to recoup their investments. There's only so much hand-holding you can do.

Please do explain to me how the only "never obsolete" miner with "massive economies of scale" and "power costs cut in half" mining on "the world's most profitable pool" became obsolete before any other asic.

Obsolete would imply that it costs you to mine with your hashlets. Does it?

According to your made up definition?

I would say a miner is obsolete when it takes more than 1000 years to recover your investment.

Can you answer my question or not?

Why are gridseeds still profitable, yet hashlets are not?

How is that possible with "power costs cut in half", and "the worlds most profitable pool"?

Gridseeds are profitable because you piggy back on your own internet connection that you pay for as well as the space you already have. Go rent a space and set up a separate internet connection for it and see how profitable they are.

Didn't you claim to be a miner?

You should know that mining requires practically no bandwidth. Besides, Josh owns an internet company remember?

I must commend you on your incredible mental gymnastics, but I think it's time for you to admit that they were false advertising.

Hell, they are still advertising these lies to this very day. (http://www.gawminers.com/pages/hashlet)

[Paul Revere]

Another great example at selective moderation, anybody else would have been banned in a split second for writing this but rootdude doesn't only get to say it but he gets to keep it in place!

Again, this is just plain idiotic. Why would Josh allow you to throw your XPY away to make marginally more XPY? He's doing all of you morons a favor by not offering HashStakers for XPY.

https://hashtalk.org/topic/26402/xpy-price-is-crashing-on-bittrex/49

"Blasphemy!" "Why would your lord & savior allow you pathetic mortals to behave foolishly and make your own decisions?"

 Either investing in XPY staking is a wise choice and will make you a profit or it it is a bad choice and it won't. What I see here in these statements from the inner circle that are both for and against the same idea is an example of DoubleThink in action. Amazing, and quite frightening to think that people are so easily duped.

[inBitweTrust]

The "signups" begin at 11:30pm PST .... so looks like we were right again, delay tactics, even picking another time zone he isn't in to try and make the cut...

[suchmoon]

Gridseeds are profitable because you piggy back on your own internet connection that you pay for as well as the space you already have. Go rent a space and set up a separate internet connection for it and see how profitable they are.

Completely false. Bandwidth and space expenses are miniscule due to the massive power densities of mining equipment. Amps and cooling is what it's all about. Scrypt Hashlet maintenance costs are 3-4 times above reasonable colocation costs, so if they can't do it effectively themselves they should have outsourced it long ago and shared the savings with their customers. Why didn't they? Win-win-win for everyone involved.

[suchmoon]

The "signups" begin at 11:30pm PST .... so looks like we were right again, delay tactics, even picking another time zone he isn't in to try and make the cut...

At least it's not Honolulu time. Makes you wonder about the readiness of the product if the release time needed to be stretched across timezones.

[corygto]

So let's see if we can call this one early guys.

Signups will start....they will fail miserably. Then once they work correctly, it will literally be the only thing you can do on the site.

[inBitweTrust]

So let's see if we can call this one early guys.

Signups will start....they will fail miserably. Then once they work correctly, it will literally be the only thing you can do on the site.

Agreed, and KYC process will be revealed to limit any or most withdrawals. Additionally , Some more hashlets will suddenly appear for sale.

[Paul Revere]

So let's see if we can call this one early guys.

Signups will start....they will fail miserably. Then once they work correctly, it will literally be the only thing you can do on the site.

Agreed, and KYC process will be revealed to limit any or most withdrawals. Additionally , Some more hashlets will suddenly appear for sale.

*But the hashlets will only be available for $ or BTC. We already know that Josh would never let people "throw away their XPY" on such a foolish thing as investing in something that will supposedly make more XPY....

[inBitweTrust]

*But the hashlets will only be available for $ or BTC. We already know that Josh would never let people "throw away their XPY" on such a foolish thing as investing in something that will supposedly make more XPY....

Yep, crazy, how they can get away with fooling people this way.Additionally, they may say that you can only use paysave on coins purchase newly for 20usd ... not existing paycoin2s....

If they do this , they are attacking the fungibility of the coin.

[cryptofunk]

So let's see if we can call this one early guys.

Signups will start....they will fail miserably. Then once they work correctly, it will literally be the only thing you can do on the site.

I anticipate a "underestimated the load", "we destroyed some record", "we brought down some system"

[corygto]

So let's see if we can call this one early guys.

Signups will start....they will fail miserably. Then once they work correctly, it will literally be the only thing you can do on the site.

Agreed, and KYC process will be revealed to limit any or most withdrawals. Additionally , Some more hashlets will suddenly appear for sale.

*But the hashlets will only be available for $ or BTC. We already know that Josh would never let people "throw away their XPY" on such a foolish thing as investing in something that will supposedly make more XPY....

Yeah...honestly among the MANY red flags coming from GAW, this one is the brightest to me. They are only interested in soaking up more BTC.

[GAW_Homero]

It is designed to be inconvenient for their main market Eastern USA in order to claim the next day all sold out. Asia bought all the premier spots. But we will introduce a super premium spot for a bit more money with a bit more features. Their calculations thus far have proven to be short and they need an excuse to bump up a tier and increase the price to join.

[suchmoon]

*But the hashlets will only be available for $ or BTC. We already know that Josh would never let people "throw away their XPY" on such a foolish thing as investing in something that will supposedly make more XPY....

Yep, crazy, how they can get away with fooling people this way.Additionally, they may say that you can only use paysave on coins purchase newly for 20usd ... not existing paycoin2s....

If they do this , they are attacking the fungibility of the coin.

Wasn't it hinted a while ago that the floor might be funded by "retail" sales of XPY at $20? Could have been just someone's speculation though, I can't find it now. But it would fit into the whole scheme rather well I think. You can dump or spend as many coins as you want for $20 each as long as someone is buying them for $20.

Still doesn't explain where the 10% discount would come from. Amazon referrals don't pay anywhere near that and their margins are not high enough for GAW to be able to undercut by sourcing from other suppliers.

[inBitweTrust]

Still doesn't explain where the 10% discount would come from. Amazon referrals don't pay anywhere near that and their margins are not high enough for GAW to be able to undercut by sourcing from other suppliers.

Because zincsave paysave orders the cheapest product between merchants (I.E>buying something on amazon gets you walmart shipment if walmart is less expensive) and they count that as part of the savings, affiliate revenue... and last but not least since they have no problem stretching the truth , that 10% is an up to number and not likely actual savings. Simply the spread between merchants could cover the up to 10%(sometimes) alone while they take the affiliate revenue.