Crypto-Flashbacks: How the Media Pumped the ICO Known as Paycoin
Crypto-Flashbacks: How the Media Pumped the ICO Known as Paycoin
More recently, Josh Garza was sentenced to six months of domestic imprisonment for 21 months and for his role in many Ponzi scandals like Gaw Miners, Jane Miners, Hashlets, and certainly the controversial Paycoin that feels after this in 2014 A lot of people were cheating Garza's plans but he was a group of help to support his fraudulent ideas. Unfortunately, a slew of mainstream media and other online publishing have done a great job in helping Garza's pump-n-dump schemes and Paycoin scam.
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Was the online publishing printing Garza's lie cylinder their fraud plans?
Like Mark Carpels and Paul Vernon, Joshua Homero Garza is a notorious character that has been known for a lot of scams related to fraud cryptocurrency. Garza's controversial cryptocurrency executive and some other colleagues are now paying for their crimes, but if they did not for mainstream media and other online publication, their scandals would probably not have gone as far as they did.
Bitcoin Vision 2014 around November you have definitely heard about Gaw Khan's Paycoin launch by Josh Garza and Tech Unboxed, Yahoo Finance, Wall Street Journal, Market Wired, Payne Eye, Finance Raisons, Data Center Choice. Were involved in knowledge, and many more online news outlets. Of course, the editorial was paid for something but some people unknowingly published Garza's gross lies. Garza has also been told to purchase a BTC.com domain that got all the money that has been told (with lots of backlinks for the Garza scam) with a superb techcrune. Ironically, Garza explains that his company was created because he was fraud with once.
"After someone was born GAW miners burst out of me during the purchase," Garza told in TechCrunch in August that 2014 again Garza further tells TechCrunch to show how successful Gaw miners had become that year. The founder makes some very bold claims:
The so-called 'Bitcoin Challenger' caught fire Paycoin from Real Journalism
The Paycoin of Garza was considered by many people before the high profile initial coin offerings (ICO) is one of those also claimed to offer 'stablecoin' features. Basically, people can buy Paycoin (XPY) and they will be guaranteed to buy them back at $ 20 USD for $ 20 per XPY. Promises Paycoin was all described in detail in detail in the XPY white paper that was widely distributed on the Web four years ago.
Famous journalist and Wall Street Journal 'Bitbeat' blogger, Michael Casey, wrote back in 2014 as well as a very controversial story on Paycoin. The title of the story actually refers to Paycoin as a 'Bitcoin Challenger' and has highlighted quite a bit of Garza's claims. Of course, the article was not published in the comments section immediately after the criticisms towards Paycoin and Garza, the article was published long after. Casey's Bitbeat story below is a group of individuals complaining about the claims section claims and fraudulent fraud misleading.
However, at the beginning of 2014 and 2015, not every online publication and journalist force gave Garza and Paycoin to claim. On October 15, 2014, published a story in online cryptocurrency publishing coin fire (which is now called 99 Bitcoins) that Gaw's Hashlet mining work revealed no miners was not published. A few months later, the coin revealed more details about the confusing claims of Garza and Gaw to the public and the media recovered. Gaw miners fired back into coin fire editorial team and threatened them more articles legal action. On 22nd November news outlets have outlined all the business partnerships that lie about Gaw miners, and Coinfire's claim was later confirmed by Gaw Miners investigations of US Securities and Exchange Commission.
The Multitude of Phony ICOs and Bank-Blockchains Bolstered by the Media Over the Last Few Years Shows There Are Still Plenty of Garzas and Paycoins
Now after a lot Garza, Gaw Miners has changed over the past four years, and Paycoin took the ICO scam cryptocurrency-place within the community. However, there are certainly many more in the way today with lots of fraud ICOS, and so-called collateral stablecoins. Apart from this, we have reported on many 'next-generation' snake oil blockchain projects, mainstream media and other online publications are being strengthened by these days.
During 2017-2018 the fraudsters are well-acquainted with ICOS, but a financial incumbent says that they have produced a 'world-class blockchain' just because a press release does not mean its real. However, we have seen many news outlets reporting on these blockchains when they never even saw the software, alone tested it on themselves. There are lots of Josh Garza and Paycoin projects out there today that have similarly increased red flags but are still getting extensive media coverage.