How much has GAW/Josh stand to make from Paycoin?

[DaveWave]

I'm not saying it is a scam, but if it is, just how much do you think he can make from it.

I don't know how many he managed to sell at $20, probably not a great amount, but how many has he sold from his pre-mine and how much longer can he go on for. I mean 12 million coins are still worth a lot of money even at 10 cents!

He's a genius. Hats off to him if it's a scam, has a lot of people convinced its still real.

[3x2]

I'm not saying it is a scam

Yeah it is.

[Crypty3]

The only thing that shocks me is how anybody can believe in such a large market cap so quick.  "At the time of valuation, PayCoin was also informally launched on 16th December with an initial investment of $54.5 million brought into the market" (http://www.btcfeed.net/fraud/paycoin-next-big-scam-crypto/) . 

[coinits]

I'm not saying it is a scam, but if it is, just how much do you think he can make from it.

I don't know how many he managed to sell at $20, probably not a great amount, but how many has he sold from his pre-mine and how much longer can he go on for. I mean 12 million coins are still worth a lot of money even at 10 cents!

He's a genius. Hats off to him if it's a scam, has a lot of people convinced its still real.

A genius who had better move to country with no extradition treaties with the USA. That fucker will be going to prison otherwise.

[DaveWave]

A genius who had better move to country with no extradition treaties with the USA. That fucker will be going to prison otherwise.

Has he actually done anything illegal?

[coinits]

A genius who had better move to country with no extradition treaties with the USA. That fucker will be going to prison otherwise.

Has he actually done anything illegal?

He committed fraud.

[Crypty3]

A genius who had better move to country with no extradition treaties with the USA. That fucker will be going to prison otherwise.

Has he actually done anything illegal?

He committed fraud.

It is a good point though, in such an unregulated market what constitutes as fraud?

[Honeypot]

They committed fraud. Their 'business connections' and 'partners' dismissed and denied any relations with GAW.

Expect federal raid and arrests anytime.

[DaveWave]

He committed fraud.

Maybe in the spirit of ethical trading he committed fraud, but in law did he? I think he's been very clever dropping hints here and there and the rest of the community, or people with an interest in the coin have done the rest.

[Crypty3]

He committed fraud.

Maybe in the spirit of ethical trading he committed fraud, but in law did he? I think he's been very clever dropping hints here and there and the rest of the community, or people with an interest in the coin have done the rest.

Yeah I would like to know whether laws on fraud stretch to cover cryptocurrencies, as the investors don't pay in US$ they pay in BTC.

[DaveWave]

Yeah I would like to know whether laws on fraud stretch to cover cryptocurrencies, as the investors don't pay in US$ they pay in BTC.

Didn't people buy on his site direct for $20.

Mind you, they got exactly that they paid for: 1 Paycoin. Incredible.

[rokkyroad]

He/gaw made millions upon millions.

There was supposed to be 100 million set aside to support the coin's price. It might be sitting in a nice little slush fund offshore by now.

Gaw was working on Paybase for months. All it is; is a very basic exchange for their own coin. Looks like a weekend project for a decent coder.

As far as Paycoin goes:

Gaw could care less. They made their money on it already. It will sink or swim on its own.
I can foresee desperate investors taking it over in the future after Gaw totally abandons it.
Its nothing we haven't seen come and go here before.

[Crypty3]

He/gaw made millions upon millions.

There was supposed to be 100 million set aside to support the coin's price. It might be sitting in a nice little slush fund offshore by now.

Gaw was working on Paybase for months. All it is; is a very basic exchange for their own coin. Looks like a weekend project for a decent coder.

As far as Paycoin goes:

Gaw could care less. They made their money on it already. It will sink or swim on its own.
I can foresee desperate investors taking it over in the future after Gaw totally abandons it.
Its nothing we haven't seen come and go here before.

Its amazing that anyone would take GAW's promises on face value.

[rokkyroad]

I think Gaw developed a loyal following in the early days by selling hardware and cloud mining.

Apparently he treated his customers well and many will attest to making money.

Declining prices pretty much made hardware and cloud mining a losing proposition. That's when the Paycoin idea was hatched.

Was it a grand exit plan? Who knows.

[newuser01]

Current price: $ 6.63

I was told $ 20?

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

[General_A]

Current price: $ 6.63

I was told $ 20?

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

For those too lazy to click on a link.....

[newuser01]

Current price: $ 6.63

I was told $ 20?

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

For those too lazy to click on a link.....

[cassius69]

amazing people would buy something at once price becuz someone else guaranteed they'd buy it back at another.

why would they do that? i sell to you at 3 and buy back at the guaranteed 20 and i go broke....

[Sons_of_Crypto]

I can't believe this fucking place...seriously, it's like another planet this crypto world, made up of kids looking to make money on whatever scheme they can think of next.  So many promised fantasies and half assed "projects" and coins....ugh.  2014 proved to be one giant shithole for this market...I hope 2015 improves, else it'll just be the same old crap with anyone trying to make fair/"legit" investments will just get burned.  sad.

[Creampuff]

A genius who had better move to country with no extradition treaties with the USA. That fucker will be going to prison otherwise.

Has he actually done anything illegal?

He committed fraud.

Did he? are you sure about that.

Big words being thrown around here with very little actual evidence. and by evidence I do mean evidence, not baseless arguments, slander, rumor, hearsay, and articels by people that do not back up there claims with anything more then he said she said...

The only thing i've seen, read about is business practices that any business with a half decent team behind them would do

You all really need to grow up a little I think, or how about attacking Apple, Microsoft's, Starbucks business practices

No?