.

[DARKANGEL6415]

Then i thought hey gaw sold miners for so long they must be legit. Seems like legit went the way of greed and corruption really hardcore so i feel your pain

I don't think GAW was ever legit.  Supposedly the only miners they ever sold were just Zeus miners they bought from someone else and re-labeled them as Black Widows or whatever.

Then, according to what I've read, they kept taking orders for mining hardware but never delivered, and eventually just told people they could have Hashlets instead of hardware.  But the Hashlets never existed either, and they finally admitted that they never had any Scrypt miners at all.  Everyone who bought Scrypt Hashlets were just getting paid btc according to what a Scrypt miner "would have earned".

So they finally admitted it? What a bunch of assholes.  They lie and rally people to support their lies and cover up the lies by deleting them.  Everything they have done is just rebranding. Hardware miners zen pool, paycoin, paybase and payflash.  They took something marked it up and sold it to idiots.

wow i so missed it when did they admit it is there a link that still excist or is it all gone like all gaw comunications seem to vanish at short time after posts

[runpaint]

... a statement from Mr. Garza in August of 2014. Mr. Garza stated that a percentage of the profits for ZenPool came from “day trading.” The fact that he stated it was from day trading created a situation in which, according to various securities laws, makes it a security.

See, they had sold people more Scrypt hashing power than existed on the entire network.  So they had to admit that "not all" of the money was coming from mining. 

https://coinfire.cf/2015/01/19/sec-investigation-of-gaw-miners-underway/

[DARKANGEL6415]

... a statement from Mr. Garza in August of 2014. Mr. Garza stated that a percentage of the profits for ZenPool came from “day trading.” The fact that he stated it was from day trading created a situation in which, according to various securities laws, makes it a security.

See, they had sold people more Scrypt hashing power than existed on the entire network.  So they had to admit that "not all" of the money was coming from mining. 

https://coinfire.cf/2015/01/19/sec-investigation-of-gaw-miners-underway/

NICE good find but i am sure there will be more to this long term

[DARKANGEL6415]

I guess it has gone dead silent or little activity here 

[muhrohmat]

im getting less intrested on XPY coin every day and even zen cloud i use it as a onl line wallet now.. lol but i will be aware of the coinbase news for XPY to 20 dollars in like beginning of february of 2015

[BitCoinPokerBro]

I guess it has gone dead silent or little activity here 

XPY:

LMFAO

[Crestington]

... a statement from Mr. Garza in August of 2014. Mr. Garza stated that a percentage of the profits for ZenPool came from “day trading.” The fact that he stated it was from day trading created a situation in which, according to various securities laws, makes it a security.

See, they had sold people more Scrypt hashing power than existed on the entire network.  So they had to admit that "not all" of the money was coming from mining. 

https://coinfire.cf/2015/01/19/sec-investigation-of-gaw-miners-underway/

Hard to see when someone hacked Coinfire http://cointelegraph.com/news/113353/coinfire-site-and-twitter-account-hacked

[runpaint]

... a statement from Mr. Garza in August of 2014. Mr. Garza stated that a percentage of the profits for ZenPool came from “day trading.” The fact that he stated it was from day trading created a situation in which, according to various securities laws, makes it a security.

See, they had sold people more Scrypt hashing power than existed on the entire network.  So they had to admit that "not all" of the money was coming from mining. 

https://coinfire.cf/2015/01/19/sec-investigation-of-gaw-miners-underway/

Hard to see when someone hacked Coinfire http://cointelegraph.com/news/113353/coinfire-site-and-twitter-account-hacked

And I got a browser warning when I tried to go to coinfire.  It looks like GAW fans are lashing out, but then there's the counter-conspiracy theory saying that Coinfire pretended to hack themselves.  Not very likely, if the site's still down.

[DARKANGEL6415]

I guess it has gone dead silent or little activity here 

XPY:

time for some serious viagra or cialis dosing to help fix this limp disaster coin, maybe that will give it enough of a pump for 1 run maybe 2 if people pump enough

[DARKANGEL6415]

... a statement from Mr. Garza in August of 2014. Mr. Garza stated that a percentage of the profits for ZenPool came from “day trading.” The fact that he stated it was from day trading created a situation in which, according to various securities laws, makes it a security.

See, they had sold people more Scrypt hashing power than existed on the entire network.  So they had to admit that "not all" of the money was coming from mining. 

https://coinfire.cf/2015/01/19/sec-investigation-of-gaw-miners-underway/

Hard to see when someone hacked Coinfire http://cointelegraph.com/news/113353/coinfire-site-and-twitter-account-hacked

And I got a browser warning when I tried to go to coinfire.  It looks like GAW fans are lashing out, but then there's the counter-conspiracy theory saying that Coinfire pretended to hack themselves.  Not very likely, if the site's still down.

i dont understand that " couter conspiracy theory " as you said why would anyone want to hack themselves, would it not be easier to just pull the plug on everything instead?

[JessicaSe]

they said paycoin is backed by usd fiat then premined the coins and sold them into market to get money to support the paycoin
its a big scam , stay away from paycoin , don't invest your money there

[mickey mouse]

they said paycoin is backed by usd fiat then premined the coins and sold them into market to get money to support the paycoin
its a big scam , stay away from paycoin , don't invest your money there

+1

It's crashing in price now and new buyers will just get burned.

[DARKANGEL6415]

they said paycoin is backed by usd fiat then premined the coins and sold them into market to get money to support the paycoin
its a big scam , stay away from paycoin , don't invest your money there

+1

It's crashing in price now and new buyers will just get burned.

DAM sucks to hear that the price is crashing, i personally do not follow up or keep up with the news in details regarding this coin apart from what i read here on forums. Then i really dont know if that counts as news or details as alot of times it will be more angry ranting than actual information about the coin but can understand why

[jt byte]

they said paycoin is backed by usd fiat then premined the coins and sold them into market to get money to support the paycoin
its a big scam , stay away from paycoin , don't invest your money there

+1

It's crashing in price now and new buyers will just get burned.

The same can be said about any coin - it's still a risk at the end of the day.

[Furio]

they said paycoin is backed by usd fiat then premined the coins and sold them into market to get money to support the paycoin
its a big scam , stay away from paycoin , don't invest your money there

+1

It's crashing in price now and new buyers will just get burned.

The same can be said about any coin - it's still a risk at the end of the day.

Yeah, the only difference is this coin is owned by GAW!!! Quivers.....

[DARKANGEL6415]

they said paycoin is backed by usd fiat then premined the coins and sold them into market to get money to support the paycoin
its a big scam , stay away from paycoin , don't invest your money there

+1

It's crashing in price now and new buyers will just get burned.

The same can be said about any coin - it's still a risk at the end of the day.

Yeah, the only difference is this coin is owned by GAW!!! Quivers.....

lol poor gaw never catches a break, i like how they quivers maybe it is just in excitement and being all wet and bothered, we all know the effect josh has on people

[UnicornFarts]

what i don't get is promising to buy back coins for more than they sold for.  then i see this shit rocketing to the moon.

do people not realize that u have to have more inflow than outgo or it doesn't work?

it's so hard for me to feel empathy towards people who bought into something that just made some random promise to pay them more.  cuz ... well he promised?

And I have empathy for a lot of shit people get ripped off for but this one was just ... just beyond stupid.  guess we are still in a massive bubble for this type of shit to raise as much money as it did.

[nachoig]

Congratulations. Paycoin is now at US dollar parity.    
https://www.cryptsy.com/markets/view/XPY_USD

Oh wait, isn't supposed to be 20 US dollars???  

[muhrohmat]

you guys are just economiss eheeh i love this feliinng of seeing things but if paycoin goes to 20 dollars like the oficcial site says its sells and buys that can be good now the problem in zen there no more mining cloud its a bad sign even for xpy

[DARKANGEL6415]

what i don't get is promising to buy back coins for more than they sold for.  then i see this shit rocketing to the moon.

do people not realize that u have to have more inflow than outgo or it doesn't work?

it's so hard for me to feel empathy towards people who bought into something that just made some random promise to pay them more.  cuz ... well he promised?

And I have empathy for a lot of shit people get ripped off for but this one was just ... just beyond stupid.  guess we are still in a massive bubble for this type of shit to raise as much money as it did.

yeah see i did not get that concept how it just took off like you said but seems like people kept pumping in to keep it going but as we all know that came to a end and is not all going down hill