This isn’t awesome.
Shit, it isn’t GAWSOME.

Tom On BTC
3 min readJan 2, 2015

This scam is going to destroy cryptocurrency for many people.

When things do finally collapse related to GAW Miners, Josh Garza, and Paycoin it isn’t just going to hurt the people involved. It isn’t going to just be the people who lose money.

It is going to be THOUSANDS of people related to those people. Each person who gets scammed by this is going to tell at least five other people about how they got scammed by cryptocurrency and those people are going to tell at least one more person.

Think about that ripple effect for a moment…

This won’t just be the people living behind the iron wall in hashtalk land.

This will be friends, family and loved ones impacted.

This will be people running to the media.

This will be the media duped by the previous press releases.

This will be a disaster.

So how do we stop this from causing even more damage?

We do the following…

  1. Immediately cancel your ticket to BTC Miami if you have purchased one. I know this one might suck. Perform a chargeback, request a refund. Do, something. If you have already paid for travel go spend some time in Miami or work with others to organize a meetup. Don’t give money to a conference that is not only letting Josh Garza spread his scam but is now giving him an extra thirty minutes to do so.
  2. Contact the other speakers at the BTC Miami event and let them know your displeasure that someone who said BTC isn’t viable is being allowed to speak about cryptocurrencies and that someone perpetrating the largest scam in cryptocurrency is being allowed to speak. Do these people associate themselves with this guy? Ask them.
  3. Contact the sponsors of the BTC Miami event and ask them why they are associating themselves with an event promoting a known scammer.
  4. Do not visit sites showing advertisements for this scam. If you see an advertisement for Paycoin, hashtalk, GAW Miners or any of the other Garza scams stop visiting them. Be sure to let them know why you won’t be visiting anymore via the site’s contact form. Fuck, the NEWSBTC site said people who are “against paycoin” are “cryptoextremists”. Are you a cryptoextremist now just because you disagree with Paycoin?
  5. Don’t give reddit upvotes to any site that runs an advertisement for GAW Miners or Paycoins. Stop giving these people traffic who are helping to perpetuate the scam.
  6. Don’t share on Facebook, Twitter, reddit or any other social network any site that pushes or promotes these scams. We have to stop sending traffic to places that might snag someone new in to this scam.
  7. Don’t use Shapeshift.io. They have been a key partner in helping to promote this scam. Until they drop XPY do not use them.

We’ve had an impact…
SHAPESHIFT RESPONDED AND DROPPED PAYCOIN.

What else can we be doing? Let me know on reddit. I’ll be watching.

Agree? I take tips at:

1Py7MoWJR6dXdaGM3qnHhLaVyB4UqAYZxM

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