Instead of paying money for Team NChain's poorly thought-out Metanet page, you can just watch my how-to videos on creating Metanet apps. My channel is free. After learning from team NChain's resources I guarantee you will be no closer to learning how to create businesses that utilize Metanet. After watching my videos you will be able to create apps of your own for profit. The choice is obvious, don't get caught up in the circle-jerk, fight for yourself and Bitcoin, not for NChain and CSW. This only video number 3, I'll need around 10 before you can create apps, but I start at program installation so anybody can follow along regardless of whether you've ever coded before or not. https://youtu.be/uwapFtJqXPY
GAW Miners - Liars, Frauds - A brief recap of what we know.
EDIT: I was asked by a GAW staff member to compile a list of questions the community has with/about GAW, Paybase, etc. Please provide any questions you have below and I'll have them forwarded EDIT 2: It seems Josh is working on answering the questions I've asked and compiled. We'll see what happens when answers are released. Hello, in the midst of this public uprising against GAW I'd like to present some facts for those of you who either: a. Don't know who/what "GAW" is and why they're a scam, b. Are brainwashed by Garza; those of you who genuinely believe in Paycoin and GAW Miners, c. Don't quite have all of the information. Note that I don't have every possible snippet of information out there, I'll just bring up some of the main points and complaints. Pre-GAW Ten months ago Garza was first introduced to the Bitcoin community in this post and this post.. From these posts we learn quite a bit of information regarding Garza's past; he offered false business deals to eBay sellers to partner with him. In the first article, we see that after he offered this couple "20% of his total profit" from his mining company and the couple asked for a reasonable counter-offer of $5k/month to pay their bills since they were unemployed, Garza filed a false Significantly Not As Described case on eBay, causing the couple to quite a bit of money and seriously affected their finances. The couple did some research about Garza and found this:
After looking at their old facebook profile, we saw that they were originally DirectTV salesman preying on small rural towns around New England offering people high-speed, internet and other telecom services that these people weren't able to get for whatever reason before. GAW was able to coerce MBI (Massachusetts Broadband Institute) to donate $40,000 to them for helping to bring services to everyone in the communities. Garza promised to build towers and other bullshit in these towns to help provide services, but they never did. At some point even when community leaders (one was David Kulp) repeatedly tried to get in touch with them, they never heard back.
So, it seems Garza has a knack for deceptive practices 'eh? Since the posts are so long and there's a lot to discuss, I'll let you read them and formulate your opinion on Garza. (Thanks to DidHeJust for the links to those threads). -Early Phases Originally, GAW showed NO proof of mining at all (not an address, block, pictures of mining hardware, pool usernames, nothing). Later on, during the Hashpoint 'mining' phase, he purchased 5 PH/s worth of mining equipment from Bitmaintech. For the short amount of time Paycoin was available for proof-of-work mining, there were tons of people renting mining rigs in order to get a cut of the "$20 Paycoins." Since the difficulty was fairly low, the prices per TH/s of these miners were very high, making it extremely easy to ROI on them. I'd be willing to bet that GAW rented out a lot of their hashpower for profit. They're currently selling the hardware they have left from this on oneminer.com. There was also a brief period of time where you were able to purchase hardware from GAW and have it point to a pool of your choosing; however, this didn't account for too large of a portion of the hashpower they claim to have sold. -Forums GAW Miners owns a forum created them them, Hashtalk. This forum is heavily censored; if you attempt to inquire about some of GAW's deceptive practices, broken promises, or Paycoin design you'll either be outright banned or shadow banned (your account will remain useable to you, but nobody will be able to see any of your posts). This led to this uncensored discussion thread on Bitcointalk. - Broken Promises Promise 1: *"Always Profitable"** GAW Miners claims that their Hashlets would always remain profitable and the $0.08 fee per MH/s would go down overtime. You know what GAW did instead? They kept their fees the same even when people were receiving only 1 satoshi. That's hardly profitable at all, as it's the minimum amount that they can really pay. So, they decided to move to mining Hashpoints for Paycoin (another broken promise, explained later). Promise 2: *"Paycoin would launch with a $20 floor"** This one is interesting. For the three months or so Hashpoint mining was available, Garza claimed that Paycoin would have a $20 floor (essentially that GAW would buy up any coin sold below $20 to keep the market place there or higher). Now, however, they've purged their censored forum of such claims so all that remains are screenshots as proof. Here's a few: https://i.imgur.com/YFXJiKB.png and https://i.imgur.com/HnotyMB.png Paycoin was traded at about $20 for a very brief period of time, but since then it's been dropping steadily, trading at just above $6/ea currently. Garza has done nothing to rectify the situation since. Promise 3: *Large merchant support on launch** From this thread we see that Garza promises that:
That’s right, you will be able to shop with Paycoin on the Amazon, Target, Walmart, Macy*s and Best Buy’s online stores.
A journalism website, coinfire.cf, contacted Amazon and the other companies claimed to be partnered with GAW. These companies all denied being affiliated with GAW, Amazon even threatened legal action if this continued. Once the article was published, the coinfire website was mysteriously hacked and the day after GAW threatened legal action. Read more about it here: https://coinfire.cf/2014/11/22/is-gaw-miners-lying-about-partnerships/ and http://www.scribd.com/doc/248372603/Coinfire-Cease-and-Desist -Censorship [Developing!!!] At the moment GAW is taking down videos they've posted where they've made a certain "statement" on their mining. -Paycoin Ah, Paycoin. An altcoin plagued by delays and broken promises. Originally set to launch at $20 per coin, falsely leading people into investing money into Hashpoint miners for profit. The things Josh is doing and has done to get people to use Paycoin are laughable, I'd consider it treason against the Bitcoin community. He purchased the domain btc.com for $1,000,000 only to have it redirect to Paybase. Fun stuff 'eh? He's also claimed that his coin would be better than Bitcoin, denouncing it in order to promote his own coin. From code snippets we've seen, Paycoin's "Prime Nodes," part of the PoS system to generate new coins, has the ability to generate coins at a 350% interest rate. These wallets/stakers/controllers/nodes are only able to be controlled by GAW, of course. The code:
Block 1. 12 million premine. 343,196 XPY mined during Proof of Work period. 343,196 - 56,889 = 286,307 XPY not mined by GAW Miners 12,343,196 XPY coins mined Total at the end of Proof of Work including pre-mine. 100 - (343196.0 / 12343196 * 100) = 97.22% Premined at the end of Proof of Work
It also seems like Garza stole the logo for Paycoin from https://www.gopago.com/. If you compare it with what's on https://paybase.com/ they're identical. -Current and Recent Events It's also known that there was a massive security/data breech during the Paybase launch, which allowed users to see other's balances and personal information https://coinfire.cf/2014/12/31/massive-security-breach-at-paybase/ which is being blamed on a "Cloudflare Caching Issue," however, that excuse makes very little sense. Currently, people are having trouble withdrawing their Paycoins from Paybase, which GAW is blaming on Authy. Authy's services are functioning fine for all other services, which leads us to believe that it isn't Authy's fault. When Hashtakers were sold, they would've only been really profitable at the $20 per Paycoin mark. With the current price people are losing money on their investment. Note: This is somewhat unfinished and I'd like to hear feedback on what I should add and revise.
Hi /Bitcoin! A few hours ago I was an avid Hashtalk user and GAW fanboy. As always, I was skeptical of GAW but I trusted them with my hard earned BTC. I've lost a large amount of money investing in Paycoin. Investors of GAW were constantly lied to about a magic '20 dollar floor'. Of course, that floor never happened. But Josh Garza being the 'sun god' that he is can't admit that. What's his excuse? Oh, wait. He did buy XPY for $20 dollars, for about 3 minutes... Hashtalk is like a cult, I'll elaborate more on that later. His followers are always bragging about 'buying cheap XPY from dumpers' and trying to attract more innocent investors into their Ponzi scheme. Basically:
GAW is constantly lying.
GAW knows nothing about economics.
P&D groups are taking control of XPY.
I decided to take matters into my own hands and see who's telling the truth about the Amazon partnership. After contacting Amazon, I was told that it would take a few days to get in touch with the specialist team. I posted a screenshot on HashTalk of the chat and BOOM! I was shadow banned... PROOF:https://hashtalk.org/usetempesthttp://gyazo.com/f1c88eca5f7b3a402e4cf177b14c683dhttp://gyazo.com/1dafe18e232cd0135e03a11f76dcdcb0 This is all coming from me, a previous fan of GAW. I can admit that information is being censored and its customers are being scammed. Please! Do not invest, I hope Josh never steps foot into any coin event, his company will destroy Crypto as we know it. Reddit is my new home :)
/r/bitcoin mod has sold out to the government shills at /r/buttcoin. Bitcoiners don't take the news kindly.
WhollyHemp is a senior /bitcoin mod and runs a business that accepts bitcoin directly for years. He has been documenting bitcoin sales for his company and sharing his findings with the community. Link. Now we get to the juicy parts.
Up until a few hours I was firmly in GAW's camp with Paybase. I didn't invest that much, relatively, but I did trust that the price would go back up. Well, the barrage of posts on the frontpage of /bitcoin dragged me out. All of my XPY is now BTC and is staying that way. I lost a good amount. If you are still in XPY, GET OUT NOW before you lose even more!! Thanks. And feel free to call me an idiot. EDIT: If you are still buying into Paycoin and Paybase, think of this, it is this kind of thinking that got me out. With Paycoin, I have to trust that a single person and a single company will come through with extravagant and unlikely promises. A single person and company keep the coin from worthlessness. With Bitcoin, who do I have to trust? NOBODY.
GAW CEO Josh Garza and his company have taken the crypto community by storm this month after their announcement of PayCoin. PayCoin (XPY) has made some headlines in the crypto community after what has been dubbed the most successful launch of an altcoin thus far. Despite sky rocketing prices to upwards of $15 the Bitcoin community as a whole has seemed to have shunned this new self proclaimed revolutionary coin. Perhaps this is due to the mysterious nature in which Paycoin operates. Trying to gain a better understanding of this new currency I contacted XPY's creator GAW. I have experience dealing with GAW. I purchased their Black Widow 14 Mh/s miner for a ridiculously high cost. By the time I received the hardware its price had already dropped +70% from the price I purchased it at. A lot of people lost money when buying hardware from GAW but of course GAW themselves made a killing profiting +150 M from selling the mining equipment. Proponents of XPY argue that this proves the Paycoin model has an enormous financial backing behind its development. A grand marketing scheme paints Paycoin as the currency of the people; the currency of tomorrow. Speculation has been made solely off the fact that PayCoin has marketed itself as a currency which will be quickly adopted by the international community with ease. PayCoin however is fundamentally different than BTC in many ways. Suspect of the whole entire operation I asked GAW what percentage of PayCoin were premined. The telephone operator told me they weren't premined they were prestaked. By that she means the currency's creators started off with their "self appointed fair share". Prestaked is a synonym for Premined. If the CEO Josh Garza decided to start himself off with say 75% of the PayCoin then he essentially just declared himself king. We don't know the history of PayCoin there is no public ledger on a Blockchain. Its coin's entire existence seems to operate under a dark shadow of secrecy. GAW acts as the coin's creator and determiner of its fate. PayCoin describes itself as a better alternative to Bitcoin, but is it? PayCoins are not mined like Bitcoins. They are minted, that means PayCoins are only created by generating interest. By purchasing what the company is calling hashlets one can use their system of cloud based mining to temporarily generate new coin. This is how more PayCoin are put into existence. Only GAW determines when they will sell more hashlets. So I must pay GAW to get their service they call Hashtakers which will allow you to mint new PayCoin. The more one examines this operation the more the it looks like a Ponzi scheme. If CEO of GAW "prestaked" 10,000,000 PayCoin and sets the initial price of his currency at $20 (which is where he is placing his initial valuation) he has magically created 200 million dollars for himself and his company out of thin air. He then will only continue to make more money as users pay his company in order to put more Paycoin into existence through minting. At every corner of the game GAW wins in this scenario, the more one begins to dissect PayCoin and the power structure behind it the more it seems like it is an elaborate scheme. After reviewing the source code many have come to the same conclusion that PayCoin is merely a clone of PeerCoin (PPC) a coin which offers fast transaction times yet has been declining in popularity in recent months. Is the recent rise of XPY just another pump and dump in the world of alt coins or is Paycoin here to stay? Speculators have been taken back by the big engine behind the currency, however fail to see that PayCoin is different perhaps for all the wrong reasons. PayCoin is controlled by a centralized ruling authority, the company GAW miners is its creator and ruler who rules from behind the curtain. I believe to be a viable crypto currency to the mainstream world one must gain acceptance from the crypto community that is already in existence. When the truth of how GAW dominates everything that is PayCoin comes to light it may be difficult to gain that acceptance.
Why aren't we more excited about Ethereum? Looking for insight (article, quotes, links herein)
Have been reading up on Ethereum after seeing how ingeniously coded Pybitcointools (Vitalik's Bitcoin library) is (if you ever want to learn how Bitcoin really works under the hood start learning Python (2.7) and within a day you're coding fun material and learning too!) Anyway, I'm curious why Ethereum is somewhat maligned in /Bitcoin. It seems to carry all the great functionality of Bitcoin forward and aligns very well with a decentralised web. I'll pull some quotes from this Wired 2014 article and would be interested to hear why there's reservations about Ethereum (specifically Ethereum, I'm not interested in hearing about Altcoins, shitcoins, XRP, XPY, etc and Mastercoin/ColoredCoins are discussed in the article)
"(Vitalik Buterin) [D]ecided that bitcoin was going to be a much bigger deal than most people realized, he dropped out of university and started traveling the world, jumping from bitcoin meetup to bitcoin meetup and contributing to various open source projects. Ethereum is the result of all those conversations and software experiments." "At its core, bitcoin is a way of reliably storing and moving digital objects or pieces of information. Today, it stores and moves money"
On smart contract functionality:
"A simple example is a betting system. Two people could place bets on, say, the outcome of the Super Bowl, entrusting a certain amount of digital currency to system. The system would then check the final score of the game via the web and distribute the funds appropriately. No bookie needed." (Given the Evolution trust issues this quote seems timely.)
Re: ColoredCoins, Mastercoin:
"“I saw really smart people whacking their heads against the wall at Colored Coins, and eventually, I realized people are having such a hard time not because the problem is hard,” he says. “The problem is easy. People are having a hard time because bitcoin is a bad protocol to build this stuff onto.”
Erhalte Kurs, Volumen, Kryptowährungsmarktkapitalisierung, Angebot, Börsen, Nachrichten und weitere wichtige Informationen zu Paycoin (XPY) zur Unterstützung ... PayCoin, XPY, was released on Dec 16th, 2014 and works free of a central bank. You can mine the PayCoin decentralized cryptocoin, which is done so using the SHA-256 algorithm along with the proof of stake (pos) consensus. Unsere The News Spy Erfahrung: App & Bitcoin Trading. Vorweg geht es den Tradern natürlich darum, dass sie sicher sein wollen, dass es sich um keinen Betrug handelt. Denn wer schon sein Geld investiert, damit hohe Gewinne eingefahren werden, will am Ende keine böse Überraschung erleben – also auf ein betrügerisches System reingefallen sein, sodass das Geld dann zu 100 Prozent weg ist. Senden Sie 5.000 EUR = 0,990364 BTC so schnell wie möglich an diese Bitcoin-Adresse. May 31, 2020 : sextortion [email protected] Hallo! Ich habe vollen Zugriff auf Ihr Gerät und beobachte Sie seit einigen Monaten. Tatsache ist, dass Sie über eine von Ihnen besuchte Website für Erwachsene mit Malware infiziert wurden. Wenn Sie damit nicht vertraut sind, werde ich erklären. Mit dem Trojaner ... In dem Artikel wird behauptet, dass Jauch über die Bitcoin-Handelsplattform "Bitcoin Revolution“ innerhalb kürzester Zeit viel Geld verdient hat.Die Idee soll ihm von einem „Wer wird ...
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