Quote from: homero_ilikebbcinass on December 18, 2014, 04:20:15 PM

Quote from: pd62512005 on December 18, 2014, 04:12:50 PM

Quote from: homero_ilikebbcinass on December 18, 2014, 04:00:35 PM

Quote from: pd62512005 on December 18, 2014, 03:54:27 PM

Quote from: Paul Revere on December 18, 2014, 02:54:11 PM

Quote from: SXCLadies on December 18, 2014, 02:35:17 PM

Quote from: Paul Revere on December 18, 2014, 02:13:05 PM

Quote from: SXCLadies on December 18, 2014, 02:08:14 PM

Quote from: cryptodevil on December 18, 2014, 01:42:50 PM

So he's selling Proof-of-Stake staking as a 'cloud' service? WTF?

Why would anybody choose to centralise their wallet on his 'cloud' service when you can easily download a PoS wallet and just have it running on a regular PC and staking as it should?

That's the whole point of PoS coins, to eliminate the need for constant PoW mining. It makes no sense to run a PoS wallet on someone else's server, unless you were trying to convince people you were selling them something they were quite ill-informed about and didn't realise the absurd nature of what was being shilled to them.

the ones gaw are selling are shares in the prime controller, so you get a much higher rate then staking in your wallet as well as daily returns.

This is known as a Pyramid Scheme. Exactly like Amway or any of the other scams where those who buy in early get a seat closer to the top of the pyramid and leach off of all of the poor suckers who are conned into buying in later. These "winners" (Prime Controllers) are held up as examples of how much one can earn to con others into buying in at the bottom and will never actually have the opportunity to reach that status. When suckers stop buying in at the bottom, the pyramid collapses.

How is it a ponzi scam? thy have x numbers of prime controllers. They set aside y amount of hashtakers for their customers, people pay them some money to get a share of a higher value object. They then get paid for the shares(stakers) they have in the controller. This helps gaw by locking up a shit load of coins creating artifical scarcity.

Im not a huge supporter of gaw, got fucked over hard twice with them but with all the shit that has been flung at them the SEC and others would have shut them the fuck down by now surely?

@homero_ilikebbcinass you lose all credibility when you make abrand new account, name it that then just sit spitting out bile. Do it on your main account

This is typical. Someone that does not even know the difference between a Ponzi scheme and a Pyramid scheme defending this Pyramid scheme.

I will try to explain this to you:

A Ponzi scheme takes in money from"investors" (aka Marks, Dupes, Rubes, etc) with the promise of an outstanding return on their principle from some mysterious high return investment paid out in increments. All investors are paid the same rate of return. The catch is that there isn;t any investment at all, and the returns are paid out from the "investors" principle. The "investors" then proclaim wildly about this incredible deal and convince others to join in, and also invest everything they can as well. At some point when not enough "investors" are buying in the remaining pile of cash is stolen and the operation is shut down.

A Pyramid scheme is where "investors (aka Marks) who enter into the scheme early are given returns based on a percentage of the profit taken from those who enter later. Those who enter later are convinced (conned) into believing that they too will be able to see the returns that those at the top of the Pyramid are getting and so buy in. All that is required for this to work is an endless and ever increasing supply of "investors" buying in at the bottom. This is how Amway works. This is also how the intentionally vaguely described Paycoin system is designed to work. The "Prime Controllers" are towards the top of the pyramid (Guess who is sitting on top of this pyramid), and if there are no people buying in at lower levels their fantastical return will not materialize.

Perhaps now you can make a more intelligent post given that you now have a basic idea of what is actually being discussed....

you know the american revolution ended, oh I dont know. maybe a couple hundred years ago? talk about intelligent

im paul revere lmao... get a job. your dragging my economy down

"the marks" good gravy man you should go work for the free masons as a lawyer. fantastical returns? perhaps you could pull your bottom lip over the top of your head and swallow?

just so were clear there is nothing being "discussed" on this thread.

just so were clear you aint welcome here buds nor do we have to tolerate your crap and i beg to differ were having a discussion on why people should avoid gaw ps i have a few gamer clans im apart of if we need we can use there forums that will allow us to discuss gaw the same way u guys keep us out pretty soon you shrills wont be given the right to shrill us anymore if u keep speaking bullshit

i dont care if you like me dummy. go complain to your teenie bopper gamer forums and shut up. bullshit? you all should be sued for defamation. you think a discussion entails shit like "i made a coin to make fu of paycoin"? or the good ones in the history. ive asked at least 5 times where any proof is? and everyone keeps saying "i got digital this that or the other" computer forensics 101 digital evidence is easily tampered with or outright forged. get a real, non-digital, throw away camera and make your claims to the authorities. then post the proof. until then your just another lying dummy on some stupid forum being surrounded by yes-men

u sound mad bro good idc this atm is our thread no one has sympathy for you here
yes men? u mean were united if we sound extreme i guess gaw must be rl bad why the hate otherwise

United intelligence. There's plenty of users here that feel the same way as he does. You should use sentence structure when posting it will help your case