GAW Miners CEO Josh Garza has challenged Litecoin Director Andrew Vegetabile to an open, public debate. As you may have heard, GAW Miners recently acquired the digital money exchange Coin-Swap. Prior to the transfer of ownership, Coin-Swap listed currencies such as Litecoin and many others. Litecoin, for their own reasons, asked to be delisted from Coin-Swap. This stirred some controversy in the community and Josh felt this could possibly bring a negative image upon digital currency or even the newly arrived Paycoin.
In an effort to open up discussion and answer questions people may have about these events, Josh asked Mr.
Vegetabile to talk with him. In an interview with CCN (Cryptocurrency News), Josh stated:
“I challenge Andrew to an open public debate in person online any time to
discuss how this kind of action is bad for our industry and all the coins out
there. If he asked the Litecoin community as a whole and had a vote, would
the Litecoin users want a new place to use their coins and support their
choice of currency? I think yes, they would.”
The two will go head to head in this one-on-one debate online and hopefully the outcome will help increase the
publics’ view of digital currency instead of seeing it as controversial.
IN THE NAME OF PAYCOIN
Why was Josh so moved by Mr. Vegetabile’s request to be delisted from Coin-Swap that he challenge him to a debate?
Obviously, for the sake of Coin-Swaps’ reputation, this does not look good.
What makes matters worse, since Josh Garza’s company, GAW Miners owns Coin-Swap, this also makes him look bad. As the leader of the new Paycoin, GAW wants to grow digital currency and show the world the positive
developments it can bring to users. They have chosen to take a vigilant stance in their efforts by making Paycoin innovative, integrative digital currency to the financial world. This is also why they strongly defend it.
THE GRIT OF THE COIN-SWAP CONTROVERSY
The main controversy that has arisen between Coin-Swap and Litecoin is that Mr. Vegetabile, director of Litecoin
is displeased that GAW created Paycoin and took ownership of the online exchange. He feels this is unethical and
could be used to control prices. To be clear, Mr. Vegetabile has not accused GAW of manipulating the price of
Paycoin. He simply feels there is an opportunity for this to occur.
JOSH GARZA’S TRUE MOTIVE FOR BUYING COIN-SWAP
Josh wants his voice to be heard on the subject of why his company bought Coin-Swap. What Josh really had in
mind was to further his quest to increase adoption of Paycoin and other digital currencies. Josh felt buying
Coin-Swap was a great opportunity for him and others. In reference to creating Paybase, a platform for Paycoin,
he has stated:
“With Coin-Swap added to the platform, we are able to add support for more
coins than just Bitcoin and Paycoin.”
This is important to Josh, as he feels this could really benefit coins that have struggled because of lack of usability.
Clearly, Josh is moved by more than just pushing GAW ahead. He is passionate about Paycoin and digital currency,
and he knows that public opinion will determine how fast people can accept it.