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

[General_A]

What the devs think....

What the investors think

[rdnkjdi]

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/) . 

So over 4X what Ethereum raised.

Wow... impressive.

[Snipe85]

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.

They will think of something. They have the money to do it and they aren't people who pack their bags and run.
The facts are that people, who bought hashlets from GAW early made a lot of money, those who didn't because bitcoin went down and mined hashpoints instead, also made money.
If you mined paycoin you also made money, so IMO GAW is a succesful company.

If you came to the party to sell early and bail without profit, don't blame them, blame yourself.

[DaveWave]

Rather than debate is it a scam or not (Sure this is covered in other threads) please can we have some reasoned debate as to how much Josh has actually made so far in dollars.

A) 10k
B) 50K
c) 100K
D) 500K
E) 1 Mill
F) 5 mill
G) 10 Mill
H) 50 Mill

[Crypty3]

Rather than debate is it a scam or not (Sure this is covered in other threads) please can we have some reasoned debate as to how much Josh has actually made so far in dollars.

A) 10k
B) 50K
c) 100K
D) 500K
E) 1 Mill
F) 5 mill
G) 10 Mill
H) 50 Mill

At this point it would all be pure speculation

[Creampuff]

Rather than debate is it a scam or not (Sure this is covered in other threads) please can we have some reasoned debate as to how much Josh has actually made so far in dollars.

A) 10k
B) 50K
c) 100K
D) 500K
E) 1 Mill
F) 5 mill
G) 10 Mill
H) 50 Mill

Does it really matter? he was reasonably wealthy before ya no.

or is his wealth the real issue here?

[DaveWave]

or is his wealth the real issue here?

Just wondering how much he's made so far, scam or not, must be quite a bit.

[coinits]

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.

Yes.

[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.

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?

Fraud and fuck off.

[Creampuff]

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.

Yes.

I'll bite, what Fraud did he commit, and have you been to the authorities about it? what did they have to say?
can we expect a public statement, major news articles about this Fraud?

[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?

Fraud and fuck off.

Well reasoned reply thanks for your input

[coinits]

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.

Yes.

I'll bite, what Fraud did he commit, and have you been to the authorities about it? what did they have to say?
can we expect a public statement, major news articles about this Fraud?

Go to the other thread for your proof troll

[Creampuff]

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.

Yes.

I'll bite, what Fraud did he commit, and have you been to the authorities about it? what did they have to say?
can we expect a public statement, major news articles about this Fraud?

Go to the other thread for your proof troll

But which one there are so many these days

[coinits]

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.

Yes.

I'll bite, what Fraud did he commit, and have you been to the authorities about it? what did they have to say?
can we expect a public statement, major news articles about this Fraud?

Go to the other thread for your proof troll

But which one there are so many these days

/ignore

[iGotSpots]

They've been a fraud long before Paycoin. Many trusted members tried warning people. Reap what you sow and all that

[unusualfacts30]

They've been a fraud long before Paycoin. Many trusted members tried warning people. Reap what you sow and all that

Many of those statements are just that "statements". Josh runs a well known website and if any of those "trusted" members had enough proof they would do crypto a favor and file a lawsuit to bring it down but I think majority of statements in crypto are personal statements rather than absolute truth.

[iGotSpots]

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.

They will think of something. They have the money to do it and they aren't people who pack their bags and run.
The facts are that people, who bought hashlets from GAW early made a lot of money, those who didn't because bitcoin went down and mined hashpoints instead, also made money.
If you mined paycoin you also made money, so IMO GAW is a succesful company.

If you came to the party to sell early and bail without profit, don't blame them, blame yourself.

Spoken like a true shill

[iGotSpots]

They've been a fraud long before Paycoin. Many trusted members tried warning people. Reap what you sow and all that

Many of those statements are just that "statements". Josh runs a well known website and if any of those "trusted" members had enough proof they would do crypto a favor and file a lawsuit to bring it down but I think majority of statements in crypto are personal statements rather than absolute truth.

Why would we sue something we are smart enough not to get involved in? Herp derp

[unusualfacts30]

They've been a fraud long before Paycoin. Many trusted members tried warning people. Reap what you sow and all that

Many of those statements are just that "statements". Josh runs a well known website and if any of those "trusted" members had enough proof they would do crypto a favor and file a lawsuit to bring it down but I think majority of statements in crypto are personal statements rather than absolute truth.

Why would we sue something we are smart enough not to get involved in? Herp derp

If you aren't involved in something your statements will ALWAYS be biased one way or the other.

[Pecunia non olet]

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

"Fraud is a deception deliberately practiced in order to secure unfair or unlawful gain"
http://en.wikipedia.org/wiki/Fraud

only because the market is not regulated doesn't mean fraud couldn't happen or wouldn't be punishable or even allowed. Many have missconception. Talking to your lawyers is recommended.