Post
Topic
Board Service Discussion
Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
by
buddhamangler
on 19/01/2015, 06:47:51 UTC
I really do not see how GAW/Josh can be solvent as a business. With BTC so low now and XPY always floundering and falling atm. How can he possibly meet all his obligations to his community, let alone any investors and then the buy back that is planned. Some pages back I remember Suchmoon posted a list of dates that was supposed to take place (announcements, new features etc) I wonder how those are coming along? There is so much littered around pertaining to paycoin its hard to track it all lol. I suppose the new Op is a great record of all this...  Smiley what a gawsome mess though.

Let's not underestimate the amount of money they have taken in, remember they reduced their mining payouts to basically zero and began selling a coin that essentially cost them ZERO.  Without a doubt, there is no way in hell that GAW pays this 20 dollars per coin for all coins in that escrow.  Most likely it goes to this "third party" in escrow as they stated, then that third party will get hacked.  Not to mention that they could themselves flood the escrow account with their own coins essentially paying themselves this 20 per coin which costs them nothing, which effectively would delay their payments to real customers to infinity.  The reason they can do this is they know they can just stake the shit out of their own coin because they own the rights to do so.