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Board Service Discussion
Re: GAW / Josh Garza discussion. Paycoin XPY CoinStand Mineral. ALWAYS MAKE MONEY :)
by
sublyme
on 26/04/2015, 16:49:29 UTC
I will be happy to answer any questions on Garza's initial plans as of Feb. 2014.  Feel free to contact me.  Thanks guys.

That eBay story was weird, I hope you can explain in more detail how it escalated.

You sold a mining rig to Garza - I'm assuming a GPU rig? And then he offered you a job? How did that conversation happen - e-mails, phone calls? And what was the plan, aside from you working for him for free, what was he expecting you to do? Build the rigs? Who would finance it? Was there outright fraud in the plan or did you just suspect something?

And when did the lawsuits start? After you decline the offer, after you posted on reddit, later?




Yes, GPU rig, 5x 7970 to be exact.  He spoke to me about building rigs, I had a 6x 280x unit that could run on 15A power and at that time, that was somewhat unusual.  

I also had a mining farm running out of my home that at the time was worth around $70k.  He offered to buy all of my rigs for some of my proprietary knowledge when I would not take the position as "CTO and Founder."

He started with messages on ebay, it then escalated to "can I call you to talk about some ideas I have" kind of thing.  I spoke to him on the phone multiple times as well as email and google hangouts, he introduced himself as a person who has bought and sold "multiple 20+mm companies."  After many talks he told me he wanted to get into the mining business and that he wanted me to join him, we negotiated from there.  At once I had a geniusesatwork email which had a NDA and a contract.  I was promised a 21% cut of all sales.  I was expected to fully manage the business and also teach his "tech team" to build the rigs we would be selling.  He stated at the time that he had 12 full data centers.  He valued my share of the company at $150k and he would be financing it with his "partner's."  In the beginning he valued my ideas, however towards the end of our relationship outright fraud was becoming obvious.