I think based on how Hashstaker is marketed it's not "crypto" and does not depend on computational resources any more than a bank account or a bond. It might be marketed as something confusingly novel, but the fact is that you put money in and take more money out, and with GAW starting to "sell" PayCoin on Monday it looks like a lot of people will be putting USD in and expecting to get USD out. Also the TOS risk disclosures posted a few posts back sound very much like investment risk disclosures.

The thing is.. if Josh runs away will all the money while leaving everyone with nothing he is FUCKED.
He has to support it at $20/piece or he won't be able to walk outside anymore, he would have to move to a remote island.

Just how 'Jason' of PBMining is probably hiding whilst scared for his life.

Hi Josh. Love your new user name.

What they're doing IS illegal. I'm sure not many with a solid head on their shoulders can dispute that. Companies cannot get around the law just by stating things in their ToS. Take BFL for example. Their ToS included "All transactions are final and BFL will not be liable for xyz of the service or product offered." Well, reality check, you are liable. You lied to the people who supported you. You convinced everybody that you had no problems. GAW will go down because they actually are selling securities, ones that are impossible to follow through with. No security is ever going to give you that high of a percentage. Why? Because it would bankrupt them, even on a small user base of ~200,000 at GAW. Don't ridicule people on their poor mistakes. Try to help them to have a different thought process so we can all avoid further instances like this.

It's fascinating seeing these people begging Josh to stake Bitcoin too, on one hand they don't give a shit about paycoin, on the other they have no clue what they're doing except becoming millionaires.

Remember Microsoft is only testing Bitcoin in beta, once released they'll switch to paycoin, but they're under nda like target and Walmart.

You can't just black box it or any activity that ever involves resources and profit is a "security". It matters that it not just depends on computational resources but actually consists of computational resources. That's what a non-Zen solo hashlet is.

Now, you might not believe that, in which case there could be some kind of violation. But based on the evidence out there, non-Zen solo hashlets do not rely on the efforts of people besides occasional incidental maintenance.

Other than ZenPool and misrepresenting the risk involved in PayCoin price support, I don't see a lot here. ZenPool could kind of be a big deal, though. Even with ZenPool, though, there's a chance it could be some kind of subleasing arrangement, although it's very difficult to construct scenarios where there's not some kind of securitization.

Yes, you can't protect people from their deadly vices (aka 7 deadly sins): wrath, greed, sloth, pride, lust, envy, and gluttony. They'll learn when these things cause them harm beyond any other they've experienced up until that point. Such is the way of learning the hard way. What we can infer about their "CEO" is that he is a greedy, insanely prideful, gluttonous individual who will enact wrath upon anyone who simply questions him (shadow ban for you, You, and YOU!).

That PaytonPeterson kid posted this
@gawceo Keep up the good work. History books will be writing about this in the future.

This gave me a good chuckle.

As if you care... You just want to see GAW crash and burn for your own twisted amusement. If you actually cared about people's investments you'd do what you can to help make GAW a success.

anyone who upgraded there hashlets are officially fucked on the 19th the ponzi collaspes or josh says delays or u cant sell paycoin for btc or anything just stake itll come later hows vc cantor fitzgerald going to take this stuart fraser u cant even sell upgraded hashlets tmw josh pulls more hashstakers out of his ass for solos there unlimited