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and watch it turn red in the last hour. Pumped and dumped once again like the scam it is.
Huge dilution blocks sitting at or right above .02. Unbreakable wall given the tens of millions of shares that always appear. Would expect this spike to be followed by more dilution news soon. That's how these scams always work.
and my last post ~ number 15.. Guess what every one of those things you describe are denominated in? Yep, dollars. Oil, gold, real estate, food, etc..
Every pyramid scheme works until it doesn't. The trick is to convert the so-called "asset" into US dollars before it collapses and the government comes calling. No difference with all the crypto coins. I don't need luck, just intelligence and a basic understanding of economic concepts. Both are lacking on this board.
I use fiat dollars every day, never gold. It's just a metal that has nothing more than a utilitarian value in electronics and jewelry. Funny thing about gold or any metal found naturally, it can be held in your hand and physically mined. It's actually "rare" since it was created in supernovas before the earth was formed and then deposited during the creation of our solar system.
Take your gold or bitcoin down to your local Dollar store and try to buy some Colt 45 malt liquor.. LMAO!!
so how much of your daily life do you use any crypto currency? Food, gas, housing, electricity? Complain all day long about fiat currency, but guess what, you use it because you have to.
Where's the proof that I am posting under multiple aliases other than this one? Very easy to prove if you understand how the internet works.. I do
Blah blah blah.. Repeat the same crap over and over, maybe enough ignorant people will believe it.
Good luck fighting the government and central banks. Let me know in 25 years how that worked out for you.
Here's your sign:
Digital “coins/tokens” are finite and require ever more difficult means of mining each successive coin. The effect on value for participants is exactly the same as it is in any pyramid scheme. Since nothing of physical existence is created or dug out of the ground there is no utility value and thus no floor price, unlike gold or silver (both of which have industrial value due to the metallurgical properties.) The person who invents such a system gets to "mine" many coins at very low cost (in electricity or whatever.) They watch the "value" of said coins escalate as each one becomes harder to mine and as hype takes over, and can convert that wealth into some other form, whether it be a fiat currency, real property or otherwise. The founder always makes a grossly outsized profit in this fashion with the available profit dropping exponentially and ratably in every single case simply based on the number of participants. At the beginning recruiting others who also make money is easy because mining the coins is easy. However, over time recruiting others becomes harder and harder. This is exactly identical to what happens in a traditional pyramid scheme -- the founder gets a cut off all the sales from everyone under him. The next layer who all find the field "unmowed" with lots of customers make a lot of money too, but always less than the first group and so on. But since the number of customers is finite, just as is the number of coins, with each successive layer of participants it gets harder and harder to find others to transact in sufficient volume to turn a profit because the acquisition of each new (coin or customer) becomes exponentially more-difficult. It is thus impossible on a mathematical basis for any such design to be self-sustaining since it relies on an exponentially more difficult act in a finite world. ALL such systems are inherently ponzi schemes whether we are talking about digital currencies or the alleged sale of products.
but he does know how to set up a another "coin" or "token" that's equivalent to a pyramid scheme, along with Matthews. I wouldn't expect you to understand why that is mathematically.
So tell us Einstein..
Does anyone on this board understand basic TCP/IP technology, DNS, or any sort of mathematical understanding beyond 1+1?
Does IPv4 & IPv6 ring a bell?
Why not check with the mods or board admins and ask them look at IP addresses and such? I mean its pretty easy to tell the same person with multiple aliases. Or it just easier to make up BS and claim that reason as valid?
Zap coin. I "zap" money out of your account into mine and it's gone. Isn't it obvious why he chose that name?
I made the comment last week about their websites and how they looked like a teenage high school project, especially the pbbv.org one. Cheap and hastily setup to scam unsuspecting people. Sad!
BINGO!
Someone tried in vain at the open to spike the price and the chart. Obviously didn't work as it was sold into heavily, and at this moment heavy selling once again. Fully expect a red close and sink below a penny by the end of the year. Once a scam, always a scam.
As I said I would not be surprised in 6 months to see Matthews fined again for the scam that's called GAHC. You can spin this however you want but the bottom line this is a scam.
In almost every case the behavior behind any scam is criminal. Wouldn't surprise me if Matthews gets fined and busted again by the SEC.
Loaded? Haha. I'd be estactic and happier than anyone if this scam closes up and is removed from any and all markets. It's nothing but a pump and dump scam and today's action further proves my point. This garbage never sees 5 cents again.
Exactly what I've said in the past. If this isn't a scam, it will appreciate in value and prove me wrong. Read some of my past posts. I still believe it is a scam and will unfortunately, steal more funds from unsuspecting people.
does a drug dealer call the cops when someone steals from him? come on, man.
Or someone has been scammed and pissed off and wants to prevent others from being ripped off. Why does there have to be only one mindset? There are always 2 sides to every story.
Zap lives and dies on it's own irregardless of the scam called GAHC. I was being facetious in my post earlier regarding Zap. I am fully aware of the connection with Spanos regarding Zap and GAHC. One does not equal the other. GAHC is and will forever be a scam with Matthews. Just look at his past history. Why is that so hard to comprehend?
Going to screen-save every post in the future. Will post here until Im totally banned from Ihub and then post on every known site associated with stocks. Will keep this up until this scam is delisted.
well crap. My fantasy is on hold for another day.. and another.. and another.. Where is my wheelchair?
In time... we're all dead.
I thought the Zap craze would drive this to .30 or higher?
Now back to the regularly scheduled dilution scam
I'm very familiar with OTC market and stocks listed on it. Vast majority are nothing more than vessels for boiler rooms and scammers and this stock is no different. Matthews is attempting to play on hot buzz words regarding cryptos and blockchain and sought out an existing company to do that. He somehow convinced Spanos to allow Global Arena to buy into 10% hoping it would cause a huge spike in share price. Unfortunately it hasn't quite worked out that way yet, although I guess from .0005 to a little more than a penny is a decent percentage gain. Taken all the information about Matthews, GAHC and past share price, it screams pump and dump scam. No other logical way to interpret the data unless someone is a part of it and is intentionally trying to deflect and distort.
So its ok to be a scammer since the fine is only $25K? Yes, the old "I will justify bad behavior by pointing out other bad behavior" Guess what, that makes both wrong and scammers. As far as the $3 share price, how long ago was that? Realize this stock has seen 2 reverse splits in the last 10 years:
Capital Change=shs decreased by 5 for 32 split Pay date=07/19/2006.
Capital Change=shs decreased by 1 for 20 split. Pay date=05/27/2011.
Matthews was caught scamming in the last 2 years.
Carry on
Nowhere in my comments did I say it was new. I was just merely pointing out the fact that Matthews has a history of being a scammer. What's wrong with that?
Indeed it should be very obvious to any new potential investor. Will the real scammer please stand up?!
https://stockbrokerfraud.com/global-arena-capital-corporation-owner-token-suspension-for-private-securities-transactions/
https://investmentfraudtimes.com/suing-john-scott-matthews-and-global-arena-capital-corp/
I've read them several times and fully comprehend the message conveyed as a reader. In fact, I am even more confident to a degree of 3 or more sigma that GAHC is a scam and Matthews sole purpose is to sell worthless stock before he gets fined again by the SEC.
and it was a huge fiasco that made things worse. Lucky for the GAHC scam, it wasn't their name getting dragged through the mud. Keep trying to distort the truth.
https://www.wired.com/2016/03/security-experts-arent-going-like-utahs-online-primary/
This story reiterates my beliefs very well. General public is not going to accept electronic voting in any format.
http://www.govtech.com/data/GT-OctoberNovember-Securing-the-Vote.html
Possibly, but guess where 99.9% of curious people go when they read an article on blockchain voting and then Google it? damn sure isn't GAHC. Even with that said, I still believe its a minimum of 10 or more years before any acceptance in the concept of voting.
Try to sell anything more than 10K shares, the bids are thin and price will crash. Good luck trying to cash in on that number people see in their account. Won't happen.
Obvious leaking now with that silly new pbbv.org website. Further proof this is nothing more than a pump and dump scam with a few people in on the scam. I reviewed the code behind that site and nowhere is GAHC referenced or mentioned even in the metadata tags. If anyone Googles anything from that site, all the search results return to Follow my vote or other sites completely unrelated. nothing of any substance or value have I been able to find related to GAHC. You do find where Matthews was fined by the SEC though and suspended from FINRA. I would say incompetent but given what I know now, it's more intentional distortion and scamming.
I'll never understand the concept of why it's bullish to scam people out of money and the more they complain about being ripped off, the better a company is and more potential they have. Imagine if any store did that. How long before their doors close permanently?
Huge blocks show up to dilute and sell all the pumps. Isn't it obvious this is nothing more than a pump and dump scam?