Is it a scam? No, but it’s a business model that put early investors and customers at a loss to pay for company mistakes while they still make a profit.
Great post. And it is nice to see someone who finally understands what the words they use actually mean.
I don't mind people being upset or mad. I don't mind people calling out Gigawatt for poor service and confusing information.
I get irritated when people throw the word "scam" around. That word has a meaning that most people don't seem to understand.
Your post seems spot on to me.
It may not be a scam down the road, but first customers did get scammed and company now pushes December batch miners at mark up while those won’t be running until probably March; doing this knowingly and intentionally isn’t negligence but a fraud/scam. You are scamming people with mark up for miners that will
Never be deployed on date promised. They paid money for service they never received and company didn’t offer them refunds. Most of those miners were sold 1000$ per price, what was that fee collected for? Free money? It almost seems like GW is the customer and token holders and people buying miners are the ones servicing them. at The end of the day delays, losses are written off as a learning experience without a single drop of remorse. The fact that miners are being sold for dec batch knownglugly shows that. If GW truly cares for customers they would focus on that, as opposed to focusing on sucking the most money out of people and shrugging shoulders along the way.
They messed up bad but they know even if they lose every single customer now, the demand is there to have new ones. I only hope there is more competition out there now that will push them out as I don’t believe they deserve to be successful by being fraudulent while pretending everything is fine. Again wouldn’t recommend anyone to do business with this company unless you can get a written contract ensuring advertised deployment (with a reasonable delay if 2-3 weeks not 2-3 months) and corresponding financial compensation for non-delivery of contract agreement....
Funny thing is if GW would be run on blockchain, they would never be able to break all these smart contracts. As for escrow for token holders. Well cryptonomos deals with tokens while GW deals with company. So cryptonomos says we just issue tokens as we are told and we are holding them because pods aren’t ready, well ok since there are delays where is the escrow? Oh well that’s not cryptonomos person escrow...well ok then we are past deadlines of pods operating but you guys deployed first batches of tokens? Well Pods are functional...how are they functional if no one is mining? Well, we go by a certain definition of pod construction being complete....
This goes on daily while now I hear of a new project which cryptonomos is launching ICO for and guess who is one of the advisors? Dave Carlson, ceo of GW. One would think you wouldn’t have any time advising anyone while you are ripping off your early customers cause of your business mistakes, but hey money is money
