I may be biased, but I'd have to agree.

I am issuing a challenge to Team XPY (or whoever the hell is in charge this week.)


1.You recently mentioned "Security Team", seeing as how you've never publicly discussed having one before, when did this team come into play? Who are they?
2. How many security audits have been performed by an EXTERNAL entity? ie NOT a person otherwise associated with this project in any way shape or form? If ANY have been performed, there should be reports? How on earth did a "malicious SSH key" remain behind on your server? Please enlighten us.
3. What measures are being taken to secure the web app? The infrastructure? Nothing has been published as far as following industry best practices, least privilege, credential accountability, defense in depth, NOTHING. Security isn't a marketing tactic, it's a way of doing things right. EXAMPLE.
4. What insurances are in place for the seemingly inevitable occasion that an attacker cleans out the entire hot wallet or wreaks havoc on the application databases?

Please, answer these questions, not for me (because I have nothing at stake in your scheme), but for the last remaining folks who are TRUSTING YOU with their "money".


Feel free to answer here or here.

I honestly have no idea. I was never given those numbers nor were they available to me. At this point, it would make no difference to me to share them if I did know so I have no reason to withhold it.

What I do know, from things he said internally, is that JG's "strategy" did not involve a 1:1 ratio of 'hash rate sold' versus 'hash rate in stock'. Fractional Reserve, as it's called.


EDIT: If I had to GUESS, I'd guess about 1 to 1.5 PH at the peak of the operation.*


*This is a GUESS and is strictly based on my own indirect observations.

Actually, no. Despite all the chatter about that video, Joe Mordica was actually standing among real, hashing, heat-generating miners. Prior to the Hangout going live, Joe's audio was enabled and it was literally just a wall of noise coming through from his end so he decided to mute himself for the live call. Retroactively, that didn't help the case much.

It is safe to assume, however, that the angle of the camera and or lack of proper lighting may have been used to conceal the true scale of the (actual) mining operation.

Ok this is just hysterical... Not sure how I missed the OP, but it's gone now (as in deleted) but the thread remains.

http://i.imgur.com/vj1FJA5.png

As many intelligent people know, Hashtalk user Paybase has always been Josh (or someone directly reporting to Josh.)

However, this post made by Paybase was mysteriously deleted shortly after and thread left intact.

Then, in true JG fashion, the denial comes into play.

http://i.imgur.com/OJUgADd.png

Even HT'ers know who's behind it.
http://i.imgur.com/tzP4wmZ.png




If that doesn't make you laugh, then this should.

I never did oblige his demands for me to dump XPY on his behalf and that pissed him off. I also resigned the next day.


Yep. I was very vocal internally about my findings. Once I knew the truth, I shared it with anyone that would listen, Josh even emailed me on one of my last days asking me to stop talking to any employees. His curtain of deception was coming down.

Joe left shortly after I spoke with him and so did many others.

The irony of getting caught in a lie...

http://i.imgur.com/zffZNmS.png

I guess he still doesn't realize that he will forever be associated with GAW and vice versa. Trying to distinguish between the two is just silly.


Sort of how ~99% of the 'personal cost' to everyone that "invested" in Paycoin is still outstanding?


You mean this post from 10 days ago? That's barely over a week ago. Let's not mislead anyone now

Agreed, however collecting names may only just be the start of it. Something as harmless as just collecting names will cause more people to participate without sending up any flags. Once you've farmed that much information, scaling up to gather more later becomes as simple as creating a MailChimp list with fantastic claims of "We're making progress! Now we only need everyone to submit their addresses and credit card numbers to make a one time donation to the cause!" etc..... Ignore the obvious scammy nature of the example, but you get what I'm saying.


Again, I agree with you, but this isn't the way to do it. If someone is to champion this, it should be someone not hiding in the shadows and dodging questions from the community. Allen1980s is known by many, has already launched a campaign and, most importantly, has already secured an attorney with relevant experience.

Surely you guys already figured this out... but sharing anyway for posterity. cross posting from GH...


In reference to GH user Processor,

Unless someone can vouch for this guy or otherwise produce evidence of the true motivation here, I'd advise not inputting any information into the website located at gawlawsuit[dot]com

This has shady written all over it and sounds like a reconnaissance mission to me.

Spread the word guys. As much as I'd like to see a collaborated effort, one scam won't end another. (example: ZenCloud converting over to PayBase)

Anyone interested in something like this should be talking to @Allen1980s. He's a trusted member of the community and already has the ball rolling with a lot of fire power.

What gave it away? The fact that the following posts were made within 3 hours of each other and happen to be the ONLY posts made by the 4-day-old user?







I think it's too late for misdirection.

Anything peculiar about this person's 4-day-old post history?

+1 I noticed that last year... I never bothered with it since that feature was clearly targeted towards "easy mode" types, or those who don't understand how to pass the certificate data into CF.

See bolded text. THIS is what I'm talking about about. If he succeeded at anything, it was making sure that not even a staff member could figure out the entire plan.

Dan Pease has been with "GAW" for several years, far longer than Joe. He started out as a tech support member for GAW High Speed Internet IIRC long before GAW Miners even existed and worked his way up the chain there. Then, after coming over to GAW Miners, he assumed the title of "General Manager" or "CFO" depending on which pretend organizational chart you look at. Yet he's still he's not to be trusted with "proprietary knowledge?" Yeah bullshit. Hell, I've known Josh over 15 years and I was intentionally left out of many of the "strategic planning" or "business strategy" talks. In my last week at GAW I finally asked why I was constantly kept in the dark on those plans, it was met with "You're good at what you do but we weren't really talking about any of that stuff so you weren't needed." Yeah bullshit. I found out later that it was because I routinely shot holes in shitty ideas and that wasn't welcome. I was told that my idea of criticism was "unproductive." Remind you of anything? Yeah, I was basically Shadow-banned^TM even inside the organization.

The fact that Dan Pease "couldn't be trusted" with the secrets of ZenCloud has less to do with confidentiality and more to do with compartmentalization. We use the same methods in the government, except it's to protect the nation from harm. The point of compartmentalization is that no one person or entity could be compromised and reveal enough to cause significant damage.

Since when was "fractional reserve mining" as sensitive as protecting national secrets? More like, JG wanted as few loose ends as possible.

_{I can't believe I haven't received another GAW legal threat yet.... I guess one will probably come soon^TM}

I have no idea what "hybrid flex blockchain" really means, and I pride myself in being fairly knowledgeable in (real) blockchain theory. My opinion? Marketing bullshit. Anyone internally who asked "the creator himself" for explanations on some of the published concepts was met with, "um read the whitepaper." Well the whitepaper was practically an excerpt from a science fiction novel so eventually, people just stopped asking.


Wait, Hashlet's weren't a Ponzi scheme? I didn't know anyone was still arguing that. As far as how the amps worked, you'd have to ask a developer. My primary focus was security of the wallets/coin daemons, web application, and infrastructure.


See the "hybrid flex" explanation above. If you've paid attention to my prior posts, I outlined how communication (or lack thereof) typically flowed through the company. Nobody was privy to more information than was absolutely necessary to do their job. Any question that was sent up the chain of command seeking 'better understanding' was dismissed. It was completely frustrating at the time. In hindsight, it makes sense why he did that as half of us would have (and should have) left much sooner than we did.




I sincerely appreciate your kind words. I've never tried to sell any illusions of being "the one who did nothing wrong." I've admitted (publicly and via official channels) that I certainly made some mistakes and I still kick myself for my ignorance and naivety. Most importantly, I've spent the last 4 months  doing everything in my power to make it right.


I'll answer that, but hopefully it doesn't start a war for the altcoin fans out there. The truth is, and many ex-employees can confirm this, I never believed in the coin. Even when it was first proposed, my question internally was "what the hell is wrong with Bitcoin?" I do not care for alts other than their "collectible" value... meaning, I've only dabbled in alts that had a 'fun' reason to be around. Examples being, Doge because of it's awesome community and lovable memes or Bottle Caps because I'm a total Fallout junky. I've never used alts for trading (who has time for that?) and I've never taken an alt seriously as a viable global currency as much as I do Bitcoin. That's why I had zero interest in owning Paycoin from the start.

I do not, nor have I ever, owned a single Paycoin.

I was never issued any by the company, nor have I ever purchased one from the company nor any person or exchange.

The only time I've ever interacted with Paycoin was building the company wallets and initial prime controller daemons.

TL;DR, I have no coins to destroy, kind sir.

For anyone who cares about my opinion on the matter.... ^ This is all true

A few days after I resigned, I drove from CT to MS on my way home to TX. I stopped in Hattiesburg and had a long face-to-face talk with Joe. It was then that I shared the hard truths I had learned in CT, some of which he had familiarity with, some of which was definitely news to him. I also know that he began his exit very soon after that talk, just not as quickly as I had dropped everything in CT and left.

For anyone that cares what I think, I've gotten to know Joe really well over the past 10 months and I have nothing but respect for him. He's of sound character, but shares a common weakness with the rest of us that "fell for it" and did this guy's dirty work. We had a passion for crypto-currency and 'building cool shit' (not saying that any of the final products ended up being 'cool shit' at all). Our biggest fault was trusting a manipulative and deceitful person that conned us into thinking he shared the same values. In the end we learned that there were very different motivations at the top of the food chain, we were just too focused on our individual jobs to realize the bigger picture. I also know that Joe has mirrored my efforts in the past few months to help "shine some light" on the operation, and yes I am being intentionally vague due to the ongoing "situation."

I have nothing really to gain by stepping in and speaking on Joe's character, I'm just sharing my 648 XPY (or however many equals two cents). FWIW, Joe and I (as well as several others) are still working with the appropriate 'parties' to bring all of this to an end.

Regardless, I respect everyone's right to their own opinion. It's criticism and free speech that keeps the world honest.

I just figure he got ahold of GAWDs super secret book of business plans.

http://i.imgur.com/xwpR8zT.jpg