Quote from: inget on December 02, 2015, 12:56:20 AM

Quote from: meono on December 02, 2015, 12:54:24 AM

Quote from: franky1 on December 01, 2015, 10:49:27 PM

Quote from: Arrakeen on December 01, 2015, 10:46:31 PM

19 million....wow

I wonder how many people are currently running similar operations, without any of us knowing? Many of which could probably put Garza's 19mil profit to shame...crazy to think about

thank about the 1000+ altcoin's in existance.. all promising the world but ending up leaving people with a bag or crap..

am i the only one that think the ppl who invested in "scamcoins" deserve what coming to them?

I mean they all just want to get rich quick. They even talk shit about bitcoin and persuade more greedy pigs to join in.

Just look around in Alternative Coin section, tell me if you dont feel disgusted about this side of cryptocurrency.

Lol, the business model of GAW was different. People invested in a reputable company that sold asics. They had a good reputation.

Then they launched their Hashlets (cloud mining) which were promised a guranteed profit.

How can that not be misleading?

Paycoin came long after that,..

That is what got me about all this (I did not have anything in GAW/Paycoin) ..is HE COULD HAVE DONE SOMETHING LEGIT with the leverage he had as a legit
hardware manufacturer ..in other words you are a legit hardware place *up to this point* you announce you are gonna make an alt coin and link it in a 'modest
and legal manner of some sort* to your business...probably by providing 'seed money' for such

you tell people they can get in or not..hype it all you want and say the market will do what the market will do for price..its out of your control

he would have killed....at that point in time...if an alt coin would have launched at $1 say because the same hype existed that the whole thing was legit
(and hell actually was legit) the same movement that drove the hope of the ponzi...would have returned his 'seed money' into his new ALT and viola
the damn alt would probably still exist today and do well at worse it would have brought new IPO $$$ to his hardware arm and got press etc win/win imho

so the problem was ego..and greed..it would have worked well with his asic mnfg previous reputation....hell maybe even the paycoin cloud mining
would have worked under such a scenario....obviously the 'desire' for such a hardware company alt existed AS LONG AS YOU TOLD FOLK IT WAS
A SPECULATIVE GAMBLE and stated your dream and were legit and let them decide if they wanted to play in his unicorn/rainbow hope of an alt coin.
(hell its how AMWAY started for crying out loud....)

so man they had a good shot to make a new alt as legit and up front as such a speculative gamble on such could be ...and likely with proper modest
exceptions on such and telling folk it was a 'long shot' and no real way to guarantee return etc with the 'hype' of the times they would have probably
pulled it off ..imho on the coat tails of their previous legit hardware operation..if it was 'take my money' as a ponzi...it still would be 'take my money'
if folk involved still thought it was a legit shot at something again imho (i know about this at one time i drank the bfl kool aid of no product on time
at least from what I understand gaw did before the paycoin fiasco DID get equipment out..they had some basis for looking legit imho before the paycoin
downward spiral and hype)

power corrupts ..no doubt....just look at the trail of tears and greed in the asic miner universe..the list is long

but anyway i look at this as a lost opportunity they had a real shot at having fun make an alt with little risk and get the gaw name out as such for
more hardware development etc...I mean hell the IPO $$$ alone if you got a half assed legit alt out the door would have been enough just for the
PR and press hype

nope ...megalomaniac that josh was ....and probably the need for 'self destructive behavior" and 'say delusion of 20 buck coin launch' painted himself in
the corner and such...obviously josh believed his own hype because he had no way out when it all went to hell ...classic megalomaniac self destruction

too bad ....if done correctly and ethically by say another hardware proven asic mnfg the whole landscape of alts could have changed or something
could have evolved in a new manner ...we will never know.....no one else will ever from the hardware point of view with a good rep will ever take a chance
of something like this ever again (talking a legit shot not a scam) josh pretty much pissed in the pool on this idea and no one will ever get into that
pool again..that is legit anyway imho..anyway scams come and go...he pissed away at least a legit shot at making a new alt with a bit of seed $$$
on such ..it likely would not of worked..but god the press he got on paycoin and the IPO $$$ and eyeballs he could have got for the daring of such
even if it went belly up..the alt coin....if done legit at the worse he'd be known...look like he gave it a legit shot...and boosted his 'exposure' in the
world of btc and crypto with the world wide press and others interested in his hardware arm after the fact

the bounds of stupidity are not just in the area of the ponzi or paycoin .....it extends into the real area of legit business and killing his hardware line
etc.....a mushroom cloud of stupid ....of a nuclear bomb variety in a 360 degree direction.....heh go big or go to jail i guess was always his megalomaniac
egotistical self destructive 'bet' i guess..well you reap what you sow as they say

but damn even as a half assed sideline the press/hype etc and daring of such a 'legit' (or real legit attempt) would have really pumped up his sales
and hardware side imho ..it coulda been at worse a draw (hey guys that did not work) or a win/win

well anyway my view on this (remember I'm the guy that at one time in 2013 drank the bfl kool aid ...got a refund 1yr 20 days later thru dumb luck
..but still....can't get around the fact i did drink the bfl kool aid ...who by the way STILL ARE NOT IN JAIL.....so take what I say with a grain of salt.)

but man a classic example of self-destructive narcissistic megalomania if ever existed...wait for the trial and his defense that he was the 'victim' it
will be a freaking circus or self-denial imho

sheesh