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

[coinits]

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.

Correct. The US Government got involved in the Mt Gox Scam. This one is on their own turf. They will be coming for Josh and company once the complaints start to roll in.

[General_A]

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.

Correct. The US Government got involved in the Mt Gox Scam. This one is on their own turf. They will be coming for Josh and company once the complaints start to roll in.

After reading the wikipedia page I am going to have to agree with both of you. Interestingly enough, wiki states that: "That difficulty is found, for instance, in that each and every one of the elements of fraud must be proven, that the elements include proving the states of mind of the perpetrator and the victim, and that some jurisdictions require the victim to prove fraud with so-called clear and convincing evidence".

[Bit_Happy]

Looks like fraud, smells like fraud.... Just another day in our amazing alternate reality.
This community used to be full of libertarians and quality discussions, but that changed dramatically during the first Huge bull run from under $1 to over $30.

[DaveWave]

So, didn't get an answer from you guys so done my own digging.

Looking at the past activity on bitrex, the split with other markets and some assumption that maybe 50-75% of coins sold were solely benefiting Josh's pockets I estimate he's made between 2 and 5 million dollars from you lot.

If it's a scam then its a pretty good one.

[iCEBREAKER]

This community used to be full of libertarians and quality discussions

It still is, if you know where to look and how to avoid the altcoin threads full of credulous greedy children/redditurds.

Check out the 'gold collapsing - BTC up' and various Monero threads for some great reading material.

Adam B, the Grandfather of Bitcoin, has been hanging out in the former for the last few days!   

[coinits]

Notice how all the shills have now gone silent and their attacks have stopped? Fuckers had a fork stuck in them. Done and Done! Fuck you GAW. Fuck you Paycoin. Fuck you Homero.

[rokkyroad]

This paycoin fiasco dragged on much longer than I thought it would. It appears the end is near. 

I cannot believe the balls this guy has for perpetuating the scam. I thought he would have ran away with the money months ago but he just kept milking the "cult" of more cash.

[TaunSew]

Definitely enough to afford a new real lambo.  None of those 10+ year old used lambos and lambo kits he has been seen playing with.  


I lol'd at one of the emails which said he needed bodyguard security for some random town in Florida.  As well for spending money on escorts - that was clearly a market demographic study, you know if hookers accepted PayCoin that could result in drastic user adoption and a boom in capitalization...

I think Josh thinks he is European Royalty or something but reality nobody knows who the f*ck he is and Cryptonerds are limp wrist types who would never hurt a fly.  If nobody pounced on that fattie Karpeles, they're not going to start a fight with a guy who is like 2x the size of Karpy and has a bodyguard with a concealed weapon.

[muddafudda]

I think he sets to make 3-5 in the slammer