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

[bmgbmg]

Can we chalk this up as the biggest scam of 2014 yet?

Where's the paycoin thread so I can troll that one, too?

Are all you sorry asses happy with the 40% loss the past 24 hours in XPY?

Remember AUR was once $20 now it's 2 cents and dead.

[1713896761]

1713896761

[bmgbmg]

I have a great idea,

Pull all of your buys from the exchanges you idiots and crash this mother fucker to zero where it belongs

[WaffleMaster]

Bitcoin talk



HashTalk

[Liquid71]

Well B O Y Z

Looks like there won't be a floor after all  

https://hashtalk.org/topic/26931/xpy-price-floor

Thank You!

Blame your broken promise of $100 million backed $20 price floor on your customers for selling....Homero has done it again, I'm speechless  

And looking at the volume they did at most a few million. No where near 100 million. So I have to ask what did all of the ICO funds pay for? This really has been smart for GAW to do it they way everything has been done. Everyone over paid per mh/s for hashlets because they were paying extra for the zenpool so over time it made sense if they kept it. They didn’t but they were able to buy all of their miners with our money. Then when everyone was mad about low payouts which meant over paying per mhs they cam up with the plan to "mine" loyalty points. This costs them nothing while they collect the money from all the newly acquired miners. This new coin would cost very little. They can premine and sell all of them to customers and maybe some other investors. They just transferred all the "debt" (payouts owed to customers for product they bought) to this new coin and no cost to them and now all of the mining income is theirs. They have a large portion of the coins that I am sure they didnt pay $4 per coin and could slowly offload for a nice profit. They also can keep mining with pretty much no customers to pay. They really are geniuses.

I always thought they would end up using the mining income to keep Paycoin afloat and create an illusion of $100 million fiat reserve, that's if they really even have miners backing up the hashlets sold. But you are right they can just keep the profit while letting shitcoin die. Only reason to keep it going would be if they think they can sell more ponzi stakers.
So basically Ponzi from the start, rake in the money and wipe out any obligations by cloning peercoin and giving away worthless points and worthless coin that costs zero.
I thought josh was an incompetent used car salesman trying to push shit on people to make himself rich. He's not as dumb as I thought, but he's a bigger scumbag than I thought.

[galdur]

What a relief. I can finally move around totally safe from roadside bombs.

I´m gonna load up on Paycoin and shop at Meganet.

[galdur]

Interesting. They sell idiots in government a 4 GB USB drive for 70 bucks. 

[owlcatz]

Interesting. They sell idiots in government a 4 GB USB drive for 70 bucks. 

is it just me or is every "Buy" link dead/broke? thx. (Lol).  

[bmgbmg]

It's all broken, the site, the coin, the mining, it's all shit and there's a few hundred people that are going to lose thousands.

The other big scam of 2014 was Auroracoin AUR, at least they gave that one away and didn't scam people out of ICO money

Interesting. They sell idiots in government a 4 GB USB drive for 70 bucks. 

is it just me or is every "Buy" link dead/broke? thx. (Lol).  

[galdur]

Interesting. They sell idiots in government a 4 GB USB drive for 70 bucks.  

is it just me or is every "Buy" link dead/broke? thx. (Lol).  

I guess most of it is for sale to U.S. Govt. agencies only.

The co. is most likely owned by people that used to work for the

govt. and therefore have useful connections to sell overpriced

stuff.

[T0urist]

Interesting. They sell idiots in government a 4 GB USB drive for 70 bucks. 

is it just me or is every "Buy" link dead/broke? thx. (Lol).  

are ray guns back in stock yet or the pew pew 3000?

[suchmoon]

I always thought they would end up using the mining income to keep Paycoin afloat and create an illusion of $100 million fiat reserve, that's if they really even have miners backing up the hashlets sold. But you are right they can just keep the profit while letting shitcoin die. Only reason to keep it going would be if they think they can sell more ponzi stakers.
So basically Ponzi from the start, rake in the money and wipe out any obligations by cloning peercoin and giving away worthless points and worthless coin that costs zero.
I thought josh was an incompetent used car salesman trying to push shit on people to make himself rich. He's not as dumb as I thought, but he's a bigger scumbag than I thought.

Warning - the following is my theory only: I think they never had any serious profits, either due to mismanagement or some other issues. Especially since mid-October they have been reluctant to spend ANY real money on anything. E.g. they claimed $50 million marketing budget, $100 million floor, "teams" and "companies" working on the coin and paybase etc, while the actual results show the opposite. Cheap coin clone, some ads on obscure "news" sites, barely functional Paybase and of course no floor now. They seemed to be trying to pump the coin on hype alone, and perhaps they put a few hundred BTCs on Paybase for 5 minutes at launch. I doubt they blew 100k or 500k or whatever on Cryptsy, those spikes could have been someone else's arbitrage bots fooled into buying.

There is obviously no way to prove this, but there are just so many red flags pointing in that direction that it would be one hell of a coincidence. Like the refusal to sell any of their own products for XPY.

[suchmoon]

Are they actually having a live meeting right now and whats the web address. Thanks

http://tinychat.com/paybase

But it looks like you already found it

[suchmoon]

Can we chalk this up as the biggest scam of 2014 yet?

Where's the paycoin thread so I can troll that one, too?

Are all you sorry asses happy with the 40% loss the past 24 hours in XPY?

Remember AUR was once $20 now it's 2 cents and dead.

There is no official ANN thread here, if that's what you're looking for. GAW left Bitcointalk in June and considers this forum Enemy #2 (Reddit is #1).

Hashtalk.org is their forum.

[I_IZ_CEO]

Paycoin faithful: Never fear, Meganet is here!

http://i877.photobucket.com/albums/ab338/JaggedSteel1/MeganetRayguns_zpsbfb8bda2.jpg

"Do you sell TVs?" Uh, no, moron. They sell bomb jamming and cell phone hacking equipment to people like Blackwater.

http://meganet.com/

But they do have 1 GB USB drives for $30. These are the only items that I have seen in the whole meganet store that do not require being U.S Government (or presumably civilian contractors) to purchase.

http://i877.photobucket.com/albums/ab338/JaggedSteel1/MeganetRayguns2_zps22fa6ffd.jpg

Get em while they're hot morons! Your $20 Paycoins are honored here! LMFAO!

This is obviously some sort of desperate measure to save some of the $250,000 investment that the Meganet CEO stated they had in Paycoin.

Also: I know typos happen, but right on the front page?? And for what product? Why secure information encryption technology - of course!!

http://i877.photobucket.com/albums/ab338/JaggedSteel1/Infromation_zps014e1241.jpg

whats the name of the gun below the plane drone? it looks bad ass

Its a Vector CRB made by KRISS, .45 and it is a bad ass, very well balanced.

Tank is funny with his comment here
https://hashtalk.org/topic/27042/so-now-that-paycoin-is-a-shtcoin-at-the-moment-what-is-the-timeline-to-change-that/3

tankjnr
tankjnr
tankjnr
 GAW Founder
 Paycoin Origin
@HashDawg well you can buy chilli and a bomb detector or other security products  

It seems like they blocked archiving, this is not a good thing. Whats to hide Josh?
It was funny the other night when the naked guy came in tinychat with the bottle....
Someone took a pic of this and BrutalJane banned him for taking it, LOL



Coming Soon™

[bmgbmg]

Agreed, this is all a scam.  The sad part is several hundred people are losing thousands of dollar in real money btc.  XPY is currently $8.49 right now.  It will be less than $1 by Feb 2015. 

Happy New Year!

I always thought they would end up using the mining income to keep Paycoin afloat and create an illusion of $100 million fiat reserve, that's if they really even have miners backing up the hashlets sold. But you are right they can just keep the profit while letting shitcoin die. Only reason to keep it going would be if they think they can sell more ponzi stakers.
So basically Ponzi from the start, rake in the money and wipe out any obligations by cloning peercoin and giving away worthless points and worthless coin that costs zero.
I thought josh was an incompetent used car salesman trying to push shit on people to make himself rich. He's not as dumb as I thought, but he's a bigger scumbag than I thought.

Warning - the following is my theory only: I think they never had any serious profits, either due to mismanagement or some other issues. Especially since mid-October they have been reluctant to spend ANY real money on anything. E.g. they claimed $50 million marketing budget, $100 million floor, "teams" and "companies" working on the coin and paybase etc, while the actual results show the opposite. Cheap coin clone, some ads on obscure "news" sites, barely functional Paybase and of course no floor now. They seemed to be trying to pump the coin on hype alone, and perhaps they put a few hundred BTCs on Paybase for 5 minutes at launch. I doubt they blew 100k or 500k or whatever on Cryptsy, those spikes could have been someone else's arbitrage bots fooled into buying.

There is obviously no way to prove this, but there are just so many red flags pointing in that direction that it would be one hell of a coincidence. Like the refusal to sell any of their own products for XPY.

[ddepker]

Whoa, check out all the retailers taking Paycoin!!!!
This thing is really taking off!

http://www.worldofpaycoin.com/

[galdur]

Remember this big diff. jump

Sep 25 2014   34,661,425,924   16.20%

Soon thereafter BTC went under $400 and about mid-Oct.

or so GAW´s mining started to implode.

[galdur]

Of course they were extremely bullish the first half of Oct.

and Zen hashlets sold like hotcakes for $20.95.

Bloody amoral bunch. Don´t trust them.

[bmgbmg]

Haha, that's all the fuckers on the chat and the one peppers ass that was smoking from the bong!

Whoa, check out all the retailers taking Paycoin!!!!
This thing is really taking off!

http://www.worldofpaycoin.com/

[3G]

this is a bad omen
http://snag.gy/2CNeb.jpg

beware of genius, especially who are at work, they really are genius on scamming people with their words