Quote from: eightcylinders on December 09, 2014, 03:19:49 AM

Quote from: organizer on December 09, 2014, 02:55:48 AM

So, after trying to watch that Q&A session a bit more... I got about 10 min in... and thought Josh's body language was pretty interesting... especially when the old banker dude was talking instead of him... so I have a new theory...

I think the mining company was Josh's baby for sure. He is just a rich kid schmuck who got into Bitcoin and was arguing w/ people on ebay for GPU miners as close as like 9 months ago (lol! CEO material?).

So he's clearly got access to money through whatever the connection is as the same people are always involved in his companies... so they all got behind the mining thing, and I do actually believe there's investments in GAW. Of course, he was unable to pull off profitable mining for anyone except early adopters and people who trade fake miners on the market... then we get things like the purchase of BTC.com, etc... it was all about bitcoin until this bizarre business model change into PayCoin...

Just looking at that video again, he looks like he's not really as interested or engaged as he was when it was about mining. It reminded me of being in a similar situation with a company i worked for that was going to go public in the .com days... as the economic landscape shifted, the investors started changing what the company was, acquiring other companies to try to fake people into thinking we were another type of company, etc.

I think this is what's happened at GAW... there's clearly not enough money for the investors involved to be happy.. so they needed to come up with a new model in the hopes not that it would succeed, but I think to be acquired by someone else is now the goal... they'll come up with a Coinbase type site that allows you to fund a debit card (with all the wonderful fees and integration with the existing system!)... paycoin is just a distraction to keep current customers "happy"...

^ This ^

Nail on head IMHO

I think he is in over his head and desperate for a way to make something, anything, work

Honestly, I think he wants to do something good, but that doesn't mean its going to end well

I'm sure he is feeling pressure from his main big investors who want their cut first... no matter how he raises the money. And I am sure he knows he better take care of them first,,, not the little hashlet suckers lol. in over his head is probably an under statement.