Bitcoin startup GAW Miners reportedly under SEC

GAW Miners - Liars, Frauds - A brief recap of what we know.

EDIT: I was asked by a GAW staff member to compile a list of questions the community has with/about GAW, Paybase, etc. Please provide any questions you have below and I'll have them forwarded
EDIT 2: It seems Josh is working on answering the questions I've asked and compiled. We'll see what happens when answers are released.
Hello, in the midst of this public uprising against GAW I'd like to present some facts for those of you who either:
a. Don't know who/what "GAW" is and why they're a scam,
b. Are brainwashed by Garza; those of you who genuinely believe in Paycoin and GAW Miners,
c. Don't quite have all of the information.
Note that I don't have every possible snippet of information out there, I'll just bring up some of the main points and complaints.
Pre-GAW
Ten months ago Garza was first introduced to the Bitcoin community in this post and this post.. From these posts we learn quite a bit of information regarding Garza's past; he offered false business deals to eBay sellers to partner with him. In the first article, we see that after he offered this couple "20% of his total profit" from his mining company and the couple asked for a reasonable counter-offer of $5k/month to pay their bills since they were unemployed, Garza filed a false Significantly Not As Described case on eBay, causing the couple to quite a bit of money and seriously affected their finances. The couple did some research about Garza and found this:
After looking at their old facebook profile, we saw that they were originally DirectTV salesman preying on small rural towns around New England offering people high-speed, internet and other telecom services that these people weren't able to get for whatever reason before. GAW was able to coerce MBI (Massachusetts Broadband Institute) to donate $40,000 to them for helping to bring services to everyone in the communities. Garza promised to build towers and other bullshit in these towns to help provide services, but they never did. At some point even when community leaders (one was David Kulp) repeatedly tried to get in touch with them, they never heard back.
So, it seems Garza has a knack for deceptive practices 'eh? Since the posts are so long and there's a lot to discuss, I'll let you read them and formulate your opinion on Garza. (Thanks to DidHeJust for the links to those threads).
-Early Phases
Originally, GAW showed NO proof of mining at all (not an address, block, pictures of mining hardware, pool usernames, nothing). Later on, during the Hashpoint 'mining' phase, he purchased 5 PH/s worth of mining equipment from Bitmaintech. For the short amount of time Paycoin was available for proof-of-work mining, there were tons of people renting mining rigs in order to get a cut of the "$20 Paycoins." Since the difficulty was fairly low, the prices per TH/s of these miners were very high, making it extremely easy to ROI on them. I'd be willing to bet that GAW rented out a lot of their hashpower for profit. They're currently selling the hardware they have left from this on oneminer.com.
There was also a brief period of time where you were able to purchase hardware from GAW and have it point to a pool of your choosing; however, this didn't account for too large of a portion of the hashpower they claim to have sold.
-Forums
GAW Miners owns a forum created them them, Hashtalk. This forum is heavily censored; if you attempt to inquire about some of GAW's deceptive practices, broken promises, or Paycoin design you'll either be outright banned or shadow banned (your account will remain useable to you, but nobody will be able to see any of your posts). This led to this uncensored discussion thread on Bitcointalk.
- Broken Promises
Promise 1: *"Always Profitable"**
GAW Miners claims that their Hashlets would always remain profitable and the $0.08 fee per MH/s would go down overtime. You know what GAW did instead? They kept their fees the same even when people were receiving only 1 satoshi. That's hardly profitable at all, as it's the minimum amount that they can really pay. So, they decided to move to mining Hashpoints for Paycoin (another broken promise, explained later).
Promise 2: *"Paycoin would launch with a $20 floor"**
This one is interesting. For the three months or so Hashpoint mining was available, Garza claimed that Paycoin would have a $20 floor (essentially that GAW would buy up any coin sold below $20 to keep the market place there or higher). Now, however, they've purged their censored forum of such claims so all that remains are screenshots as proof. Here's a few: https://i.imgur.com/YFXJiKB.png and https://i.imgur.com/HnotyMB.png Paycoin was traded at about $20 for a very brief period of time, but since then it's been dropping steadily, trading at just above $6/ea currently. Garza has done nothing to rectify the situation since.
Promise 3: *Large merchant support on launch**
From this thread we see that Garza promises that:
That’s right, you will be able to shop with Paycoin on the Amazon, Target, Walmart, Macy*s and Best Buy’s online stores.
A journalism website, coinfire.cf, contacted Amazon and the other companies claimed to be partnered with GAW. These companies all denied being affiliated with GAW, Amazon even threatened legal action if this continued. Once the article was published, the coinfire website was mysteriously hacked and the day after GAW threatened legal action. Read more about it here:
https://coinfire.cf/2014/11/22/is-gaw-miners-lying-about-partnerships/ and http://www.scribd.com/doc/248372603/Coinfire-Cease-and-Desist
-Censorship [Developing!!!]
At the moment GAW is taking down videos they've posted where they've made a certain "statement" on their mining.
-Paycoin
Ah, Paycoin. An altcoin plagued by delays and broken promises. Originally set to launch at $20 per coin, falsely leading people into investing money into Hashpoint miners for profit. The things Josh is doing and has done to get people to use Paycoin are laughable, I'd consider it treason against the Bitcoin community. He purchased the domain btc.com for $1,000,000 only to have it redirect to Paybase. Fun stuff 'eh? He's also claimed that his coin would be better than Bitcoin, denouncing it in order to promote his own coin. From code snippets we've seen, Paycoin's "Prime Nodes," part of the PoS system to generate new coins, has the ability to generate coins at a 350% interest rate. These wallets/stakers/controllers/nodes are only able to be controlled by GAW, of course. The code:
int64 nSubsidy = 0; int64 nRewardCoinYear = 0; // creation amount per coin-year if (primeNodeRate == 0) nRewardCoinYear = 5 * CENT; else if (primeNodeRate == 10) nRewardCoinYear = 10 * CENT; else if (primeNodeRate == 20) nRewardCoinYear = 20 * CENT; else if (primeNodeRate == 100) nRewardCoinYear = 100 * CENT; else if (primeNodeRate == 350) nRewardCoinYear = 350 * CENT; nSubsidy = nCoinAge * nRewardCoinYear * 33 / (365 * 33 + 8); if (fDebug && GetBoolArg("-printcreation")) printf("GetProofOfStakeReward(): primeNodeRate=%d create=%s nCoinAge=%"PRI64d"\n", primeNodeRate, FormatMoney(nSubsidy).c_str(), nCoinAge); return nSubsidy; 
Paycoin started off as a coin with a 13,000,000 coin market cap, with two stages. A Proof of Work and Proof of Share. Check this out: https://twitter.com/gawceo/status/532173907718332417 - Garza claims that he "mined" for the 12,000,000 coins he gained, although block one was programmed to give him that much... hah!
Credits to https://gist.github.com/jyap808/3f99de084df18ce325a7 for this;
Block 1. 12 million premine.
343,196 XPY mined during Proof of Work period.
343,196 - 56,889 = 286,307 XPY not mined by GAW Miners
12,343,196 XPY coins mined Total at the end of Proof of Work including pre-mine.
100 - (343196.0 / 12343196 * 100) = 97.22% Premined at the end of Proof of Work
It also seems like Garza stole the logo for Paycoin from https://www.gopago.com/. If you compare it with what's on https://paybase.com/ they're identical.
-Current and Recent Events
It's also known that there was a massive security/data breech during the Paybase launch, which allowed users to see other's balances and personal information https://coinfire.cf/2014/12/31/massive-security-breach-at-paybase/ which is being blamed on a "Cloudflare Caching Issue," however, that excuse makes very little sense.
Currently, people are having trouble withdrawing their Paycoins from Paybase, which GAW is blaming on Authy. Authy's services are functioning fine for all other services, which leads us to believe that it isn't Authy's fault.
When Hashtakers were sold, they would've only been really profitable at the $20 per Paycoin mark. With the current price people are losing money on their investment.
Note: This is somewhat unfinished and I'd like to hear feedback on what I should add and revise.
submitted by iTipBitcoin to Bitcoin [link] [comments]

One of the many reasons Bitcoin insiders are against Classic is because it's chief organizer, Marshall Long, is one of Bitcoin's biggest scammers.

Surprised it is not discussed more, he lurks in the shadows and tries to manipulate support for Classic (like listing BitFury as a supporter). Notice how his name is removed from the Classic site now yet he's still active behind the scenes. If you've noticed the Classic ads running on reddit you'll notice it's his reddit name on the ad.
I am surprised the other parties involved with Classic would even associate themselves with him.
Behind GAW Miners & Paycoin - http://qntra.net/2015/04/garza-friends-additional-emails-detailed/
Claimed to be Co-Founder and CTO of Cryptsy- https://bitcointalk.org/index.php?topic=1303147.0
Was CTO and Board member of Mintsy SCAM http://bitcoinist.net/mintsy-mining-contracts-simple-use-backed-proof-mining/
Other Final Hash speculation- https://www.reddit.com/Bitcoin/comments/41ge93/bitcoin_classic_is_possibly_a_takeover_attempt_by/
Is this the person you want with Git access?
If you want to read more just google his name with Qntra or bitcoin scammer
submitted by whistleblowerlong to Bitcoin [link] [comments]

If you purchased hashlets or anything from gaw, be sure to charge it back and get a refund

Gaw is a confirmed fraud at this point and time is ticking, here's a guide https://forum.gethashing.com/t/gaw-legal-credit-and-consumer-protection-rights-thread/2878
Scam log https://bitcointalk.org/index.php?topic=857670.0
In the future, never cloud mine, they're all scams. This isn't up for argument. If you like Bitcoin, buy some and hold it in your own wallet. I'm available for any Bitcoin questions.
http://imgur.com/bv1BmY3
submitted by kiisfm to Bitcoin [link] [comments]

GAWminers.com / Paycoin / Josh Garza has the potential to destroy or gravely set back the cryptocurrency revolution. Here is why.

Gawminers right now is initiating fraud that is beyond the scope of most bitcoin scams, maybe second only to MTGOX.
They are misrepresenting their products and fraudulently shifting hidden risks to customers. Here are my claims
  1. They are selling virtual hashes without the actual machines backing it.
  2. They falsify payouts according to pools that never existed or never received hashes from GAW.
  3. They are known and have been caught using shill accounts. Not just the company but the CEO himself. Josh Garza.
  4. They are just generally immature assholes that will ruin the fun for everyone because of their unethical character and greed.
Here are the reasons why I submit my claims based upon public evidence:
Josh Garza publicly stated that the payouts from his virtual hashing machines are from a combination of mining, day trading, and private rentals. https://bitcointalk.org/index.php?topic=720844.msg8601489#msg8601489 Nothing on the product page mentions day trading and it is misrepresentation of risks by omitting such evidence.
None of the pool owners listed on the gawminers website confirmed ever receiving hashes from GAWminers. You can go email them yourself.
The most obvious reason they do not have physical mining hardware would be to read the gawminers TOS. Here: https://bitcointalk.org/index.php?topic=720844.msg8605520#msg8605520
Their Zenpool had consistently paid 2x more than other multipools during the beginning of the launch. Their fake zenpool speed counter went up to 300MHS when it was displayed publicly here: https://www.zenminer.com/pool/ until they realized they are claiming to own more than 50% of the total litecoin network at the time. That is when the counter disappeared when people began to question the enormous scope of their fake mining operation.
The zenpool is a farce. It is fake and it just simulates ponzi payouts. Which was confirmed when the payouts predictably dropped more then 100% few weeks ago and even lower than some of the other multipools. Josh publicly stated this was because "investors" were not buying big contracts. He publicly stated this here:
http://webcache.googleusercontent.com/search?q=cache:8j3lrbmknSgJ:https://hashtalk.org/topic/11712/zenpool-fluctuations-update-update+&cd=1&hl=en&ct=clnk&gl=us
realized his mistake of making such statement and deleted the whole thread.
If a pool requires investors to buy contracts for increased payouts, then you do not have a real mining pool with real mining machines.
Josh Garza used shill accounts on bitcointalk.org here: http://share.pho.to/6pc3a/9a/original . I think he was caught publicly using shills twice. If anyone has proof, msg me and I will send you 0.25BTC.
If this ponzi scheme collapses and if his claims that he sold over 120mm of products this year are true. Then the regulatory fall out will be ugly. This is not a small scam. It is huge and will give ammunition to people like Ben Lawsky to regulate us to death as this occured with a US company on US soil. It will be another Enron or worse.
Please please please educate.
The private evidence I have is much much more condemning. But it should be obvious enough what is already out there publicly.
Also, please feel to present counter arguments.
submitted by gaw-whistleblower to Bitcoin [link] [comments]

If you purchased hashlets or anything from gaw, be sure to charge it back and get a refund

Gaw is a confirmed fraud at this point and time is ticking, here's a guide https://forum.gethashing.com/t/gaw-legal-credit-and-consumer-protection-rights-thread/2878
Scam log https://bitcointalk.org/index.php?topic=857670.0
In the future, never cloud mine, they're all scams. This isn't up for argument. If you like Bitcoin, buy some and hold it in your own wallet. I'm available for any Bitcoin questions.
submitted by kiisfm to beermoney [link] [comments]

Bitcoin Classic is possibly a Takeover Attempt by Cryptsy and Marshall Long of FinalHash to dump Worthless Coins on Depositers

Marshall Long CTO of FinalHash and CTO of Cryptsy who still lists Cryptsy on the FinalHash website has been the one of the primary forces pushing for Bitcoin Classic in what would likely result in a fork with two chains due to it's extremely controversial nature of being pushed for activation before SegWit. Since Cryptsy's liabilities are primarily in Bitcoin it is theorized he is likely still working closely with them to come up with a way to resolve their problems. Big Verne has flown to China and is likely working closely with Marshall Long in order to create a hard fork where the coins from the losing chain can be dumped on Cryptsy's users for pennies on the dollar.
The smoking gun here is how he all of a sudden goes from supporting the core roadmap and saying miners nearly unanimously support segwit on Dec 14th to a complete about face and withdraw of his support from the roadmap on Jan 5th do a search for "FinalHash" in those archive links to see the specific posts in question. Shortly after this about face it is revealed that Cryptsy was running a fractional reserve. Cryptsy likely knew about pending legal action back in December and would be working on a strategy to resolve their liabilities. Dumping pre-fork coins on their users is a plausible strategy for resolving their legal liabilities.
The people involved with Bitcoin Classic have close ties to FinalHash and Cryptsy and have been working under repository called "Multicoin-co" here.
You can see details of the Bitcoin Classic involvement in FinalHash lead developer Ahmed Bodiwala's github history who as you can see here has been very active with altcoin development and also has close ties to Cryptsy in addition to having commit access to the bitcoin classic repository along with jtoomim and Marshall Long himself. Marshall Long was also closely involved with the mintsy.co scam. Marshall long has been involved in countless other scams such as GAW miners.
While it is just a theory that Marshall Long is pushing for a hard fork to dump the losing chain's coins on Cryptsy users it does seem like a realistic possibility given the evidence. Even if there is another reason for this hard fork push do you really want someone involved with all these scams to be in charge of bitcoin protocol development?
submitted by cryptsytakeover to Bitcoin [link] [comments]

In case anyone still has GAW Miners cloudhashing, I'd strongly suggest you consider trading/selling whatever you can for BTC.

In case you are not aware, GAW has been investing a lot of their efforts into their new cryptocurrency called "Paycoin" (formerly called Hashcoin). While anyone is to welcome make their own judgment, I personally believe it is a scam.
The gist of the coin is that people were "allowed" to save up their profits from cloud mining as "hashpoints," rather than cashing out Bitcoin. Miners could then use $4 worth of otherwise useless hashpoints to purchase this new Paycoin.
But why would a miner want to do that? Well, because GAW is "guaranteeing" a 400% profit margin on day 1. They claim that they have banking partners and investors that will put up $100 million to make sure the price stays above $20, and that they expect it to go even higher than that. (The coin is supposedly live now and on coinmarketcap, but I wouldn't count it as truly live until miners are actually given the coins they are promised.)
But of course, no legitimate institution has stepped forward to lend their credibility to the project. The only name they've given out is "Stuart Fraser" of Cantor Fitzgerald LP,a financial services firm, but there is no public confirmation of this aside from GAW's own press releases.
I'm guessing this might turn out like MintPal, where by the time you have absolute certainty of the scam, it's already too late. Better to get your money out before that point. I know many in the BlackCoin community had been buying GAW cloud miners, so figured this is worth talking about here.
GAW is also notorious for censoring their own forums, so don't be surprised to come across shills and other such tactics at bitcointalk and other places (and the usual pump/dump crowd, of course).

Some links:

http://www.paycoin.com/ (Paycoin site, has links to re-blogged press releases)
http://gawminers.eu/news/hashcoin-ico-customer-round-qa-transcript-yesterday-evening/ (Old FAQ, not sure if something is more recent but this details their claims to pump up the coin with unnamed banks and investors)
http://www.reddit.com/Bitcoin/comments/2pzzcl/demand_tomorrow_that_each_news_site_state/ (bitcoin thread alleging GAW purchased a news site to shill for Paycoin)
http://www.reddit.com/blackcoin/comments/2n4cvy/gaw_miningscamming_another_reason_why_people_will/ (Previous blackcoin thread with link to another GAW scam bitcoin thread)
https://bitcointalk.org/index.php?topic=875487.0 (Points out instances of GAW lying about associations with Target, Amazon, Walmart, and pool users discovering that cloud hashes pointed at their own pools didn't increase hash rate (i.e., don't really exist))
https://bitcointalk.org/index.php?topic=857670.0 (Another cloud hash/Paycoin summary thread pointing out some red flags, speculation, and various info)
submitted by asdffsdf to blackcoin [link] [comments]

Bitcoin Classic is possibly a Takeover Attempt by Cryptsy and Marshall Long of FinalHash to dump Worthless Coins on Depositers

Marshall Long CTO of FinalHash and CTO of Cryptsy who still lists Cryptsy on the FinalHash website has been the one of the primary forces pushing for Bitcoin Classic in what would likely result in a fork with two chains due to it's extremely controversial nature of being pushed for activation before SegWit. Since Cryptsy's liabilities are primarily in Bitcoin it is theorized he is likely still working closely with them to come up with a way to resolve their problems. Big Verne has flown to China and is likely working closely with Marshall Long in order to create a hard fork where the coins from the losing chain can be dumped on Cryptsy's users for pennies on the dollar.
The smoking gun here is how he all of a sudden goes from supporting the core roadmap and saying miners nearly unanimously support segwit on Dec 14th to a complete about face and withdraw of his support from the roadmap on Jan 5th do a search for "FinalHash" in those archive links to see the specific posts in question. Shortly after this about face it is revealed that Cryptsy was running a fractional reserve. Cryptsy likely knew about pending legal action back in December and would be working on a strategy to resolve their liabilities. Dumping pre-fork coins on their users is a plausible strategy for resolving their legal liabilities.
The people involved with Bitcoin Classic have close ties to FinalHash and Cryptsy and have been working under repository called "Multicoin-co" here.
You can see details of the Bitcoin Classic involvement in FinalHash lead developer Ahmed Bodiwala's github history who as you can see here has been very active with altcoin development and also has close ties to Cryptsy in addition to having commit access to the bitcoin classic repository along with jtoomim and Marshall Long himself. Marshall Long was also closely involved with the mintsy.co scam. Marshall long has been involved in countless other scams such as GAW miners.
While it is just a theory that Marshall Long is pushing for a hard fork to dump the losing chain's coins on Cryptsy users it does seem like a realistic possibility given the evidence. Even if there is another reason for this hard fork push do you really want someone involved with all these scams to be in charge of bitcoin protocol development?
submitted by cryptsytakeover to btc [link] [comments]

[WTS] Zeus Miner, Thunder x6 20Mh/s, PSU included! $350, shipping to and from US only.

EDIT: SOLD!
Hello shibes,
Looking to sell my Zeus Thunder x6 20Mh/s (my average is 21.36Mh/s; used 1 month, purchased new) plus a 750W Evga PSU (PSU is only a month old, retailed at $75) for $350, the buyer and I will split the shipping costs, tracking included. I don't know the exact power usage, but from what I can tell its right about 600W (For some reason Zeus rated it at 440W; probably when running at the lowest clock). If you live in Ohio close enough to me I might even drop it off to you for free.
Picture: http://imgur.com/g7IELjV
Send me a PM or leave a comment with questions.
Links to show I'm a good guy:
Giveaways I've done:
http://www.reddit.com/dogecoin/comments/22dxnj/giveaway_3d_printed_iphone_4s_gear_cases_only/
http://www.reddit.com/dogecoin/comments/21z9z8/ok_this_time_im_drunk_who_wants_doge_1k_to_first/
http://www.reddit.com/dogecoin/comments/22299v/giveaway_dth_commenter_gets_d19_doge_make_the/
Two other miners currently in the process of selling (Package en route):
http://www.reddit.com/CryptoTrade/comments/2hxetg/wtsx2_gaw_furies_1510khs_stable_asking_25_ea/
Pizza I bought on BitcoinTalk a while back:
https://bitcointalk.org/index.php?topic=313166.msg3359653#msg3359653
I can also link to my ebay account in a PM if you wish.
submitted by BumSkeeter to dogemining [link] [comments]

[WTS]x2 GAW Furies 1510khs stable, asking $25 ea, amount in BTC determined in time.

Selling two GAW furies both come with all cables and PSU's. Asking $25 each, payable in bitcoin the amount to be determined by the exchange rate at the time of purchase. Selling together or separate, buyer pays for shipping. No buyers outside the US please.
Mining dashboard: http://imgur.com/AKUWBUm Hardware Setup: http://imgur.com/eLiF8WB Hardware Again (with username and date on paper): http://imgur.com/LSVvOia
Notice I have an entire setup, if you want the entire thing (raspberry Pi with working image, USB splitter, power strip, the mount) let me know and we can discuss that too. Then entire setup could run 2 more Furies, or even more if you get a large USB hub.
Send me a PM or leave a comment with questions.
Links to show im a good guy:
Giveaways I've done:
http://www.reddit.com/dogecoin/comments/22dxnj/giveaway_3d_printed_iphone_4s_gear_cases_only/
http://www.reddit.com/dogecoin/comments/21z9z8/ok_this_time_im_drunk_who_wants_doge_1k_to_first/
http://www.reddit.com/dogecoin/comments/22299v/giveaway_dth_commenter_gets_d19_doge_make_the/
Pizza I bought on BitcoinTalk a while back:
https://bitcointalk.org/index.php?topic=313166.msg3359653#msg3359653
I can also link to my ebay account in a PM if you wish.
submitted by BumSkeeter to CryptoTrade [link] [comments]

BitcoinTalk vs HashTalk forums

With all the PayCoin and GAW drama lately, I've clicked on a few links to the HaskTalk forums. Yes, we all know the forums are heavily censored, but...holy shit their forum looks nice as fuck! It's a super clean interface, and much different than other forum software I've seen in use throughout the years.
After lurking through their forums, and returning to my homebase of bitcointalk, I can't help but notice how shitty our forums feel to their newfangled user interface. I almost wish we could start a fundraiser on bitcointalk to raise enough money to have the forums completely revamped into something nicer and easier to use, and we could even integrate bitcoin directly into the forum!
In conclusion, why does the go-to bitcoin forum look like such poop? and what can we do to fix it? Does bitcointalk not have any funds for improvements like these? I've been on the forum 3 years now and it literally looks the exact same as it did in Sept. 2011, see for yourself: bitcointalk.org 3 years ago
bitcointalk.org today
submitted by perkme to Bitcoin [link] [comments]

Bitcoin Classic is possibly a Takeover Attempt by Cryptsy and Marshall Long of FinalHash to dump Worthless Coins on Depositers

Marshall Long CTO of FinalHash and CTO of Cryptsy who still lists Cryptsy on the FinalHash website has been the one of the primary forces pushing for Bitcoin Classic in what would likely result in a fork with two chains due to it's extremely controversial nature of being pushed for activation before SegWit. Since Cryptsy's liabilities are primarily in Bitcoin it is theorized he is likely still working closely with them to come up with a way to resolve their problems. Big Verne has flown to China and is likely working closely with Marshall Long in order to create a hard fork where the coins from the losing chain can be dumped on Cryptsy's users for pennies on the dollar.
The smoking gun here is how he all of a sudden goes from supporting the core roadmap and saying miners nearly unanimously support segwit on Dec 14th to a complete about face and withdraw of his support from the roadmap on Jan 5th do a search for "FinalHash" in those archive links to see the specific posts in question. Shortly after this about face it is revealed that Cryptsy was running a fractional reserve. Cryptsy likely knew about pending legal action back in December and would be working on a strategy to resolve their liabilities. Dumping pre-fork coins on their users is a plausible strategy for resolving their legal liabilities.
The people involved with Bitcoin Classic have close ties to FinalHash and Cryptsy and have been working under repository called "Multicoin-co" here.
You can see details of the Bitcoin Classic involvement in FinalHash lead developer Ahmed Bodiwala's github history who as you can see here has been very active with altcoin development and also has close ties to Cryptsy in addition to having commit access to the bitcoin classic repository along with jtoomim and Marshall Long himself. Marshall Long was also closely involved with the mintsy.co scam. Marshall long has been involved in countless other scams such as GAW miners.
While it is just a theory that Marshall Long is pushing for a hard fork to dump the losing chain's coins on Cryptsy users it does seem like a realistic possibility given the evidence. Even if there is another reason for this hard fork push do you really want someone involved with all these scams to be in charge of bitcoin protocol development?
submitted by cryptsytakeover to bitcoin_uncensored [link] [comments]

05-05 05:36 - 'Ionomy is a clone of the Paycoin scam. It's heavily premined, with the same hyperstaking and extremely intransparent. / [link] / The white paper for ION was written by Adam Matlack who was heavily involved in the Paycoin s...' by /u/cryptomartin removed from /r/Bitcoin within 12-17min

'''
Ionomy is a clone of the Paycoin scam. It's heavily premined, with the same hyperstaking and extremely intransparent.
[link]1
The white paper for ION was written by Adam Matlack who was heavily involved in the Paycoin scam.
[link]2
The software of ION is cloned software from Darkcoin (DASH) with added hyperstaking (Paycoin style) and premine (5.9 Million out of 10.9 million supply, giving control of highest paying masternodes to the creators).
[link]3
The Ionomy team has the same terrible marketing tactics as Paycoin/GAW with no corporate or business evidence to back it up. Questions that are being asked on Bitcointalk remain unanswered. They set up their own forum which is heavily moderated and censors similiar to the old Hashtalk forum by GAW. ION is nothing more than a new XPY (or XPY 2.0).
[link]4
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: cryptomartin
1: bitc*inta**.or*/i*dex.**p?top*c=1443**3.0 2: https://www.google.com/?gws_rd=ssl#q=matlack+paycoin+foundation 3: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper 4: medium.*om*@i*ocou***own/*on-**in**arning*cb686*b6e7a*#.av8*7lr*9
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

MAD Doge - Don't Mine DogeCoins! - 6/9/2014

Edit: I know I've said this before, but it needed some updating and explaining.

Let's get this party started

Problems With Mining DogeCoins

Alternatives

  1. For Miners:
  2. For those with Fiat
  3. For Those who have neither
    • Post a funny meme to /dogecoin, comment on hot /dogecoin topics. Remember to keep it positive and somebody might tip you. I estimate that after 10 post replies and maybe a meme posting, you'll definitely get some DogeCoins.
    • Do what you're good at, if your'e a good painter, paint a DOGE and post it, you'll get tipped for sure.
    • Make a small game and accept tips for downloads, like Cliffhorse :P

Why is this better?

Edit: The scary sayings

As far as DogeCoin pricing in comparison to BitCoin, it's looking like we're going to climb a few satoshi, BitCoin is a bit stagnant and Cliffhorse is making some serious news. If you're clever, you'll be able to make a few Doge, but remember not to keep away from it for too long.
At the moment, I'm away from all forms of tea, so I have no new tea to chuck out there this week, I hope you enjoy the suggestions though, make yourself some MAD Doge!
submitted by DRKMSTR to MADDOGE [link] [comments]

My Bitcointalk forum thread Earning Bitcoin From Posting On BITCOINTALK Forums! How to post and reply at Bitcointlk.org  Part-1  Technical Foysal GAW Miners Fury 1.3 Mh/s @ 45W Scrypt ASIC Miner GAW Miners Fury Setup Guide

Total Members: 2803899: Total Posts: 54596691: Total Topics: 1248314: Total Categories: 6: Users Online: 219: Most Online: 7150 - April 10, 2013, 06:12:15 PM GAW Miners was a popular and reputable source of crypto mining equipment around 2014. Garza actually was considered a crypto celebrity and had pull across social media during that time. However, the company switched its strategy from selling physical crypto mining rigs to offering a cloud mining service, offering “hashlets” to customers Bitcoin Discussion General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations, the general environment, etc. Discussion of specific Bitcoin-related services usually belongs in other sections. GAW was first introduced to the Bitcoin public around a year ago, and first came about re-selling Bitcoin mining rigs. There have been threads both on BitcoinTalk and reddit with titles like Garza and associated companies GAW Miners and ZenMiner, are being tried in court. Building On-Ramps for the Bitcoin Ecosystem. and Bitcointalk.org forums, and reddit forums

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My Bitcointalk forum thread

The GAW Miners Fury is a 1.3 Mh/s @ 45W Scrypt ASIC Miner that is used to mine scrypt based crypto-currencies such as Litecoin. To purchase the GAW Miners Fury: A brief introduction of the bitcointalk.org forum. Hope you enjoy it! Donation address: 1PgAdNGw6h9GfUWoRUdZuQBhHxBpeDHk7u. Bitcoin Cash Halving, BCH News Today & Bitcoin Cash Price Prediction Juan Esteban Londoño 8,713 watching Live now World's Most Famous Hacker Kevin Mitnick & KnowBe4's Stu Sjouwerman Opening ... Um canal sobre o mundo do Bitcoin, altcoins, mineração e dicas para ganhar dinheiro na internet! Earning Bitcoin From Posting On BITCOINTALK Forums! - Duration: 11:22. Kubera 17,066 views. ... Genesis Mining Vs GAW Miners, Day 199 - Duration: 14:31. Ian Foxley 9,375 views.

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