I only have 1 question.
If GAW is legit, and everything works out as it is being hyped, then how many of us will have missed out ?
If GAW is legit, and everything works out as it is being hyped, then how many of us will have missed out ?
the model is very simple, take it with a very big grain of salt and pepper
1: let's sell people virtual miners called Hashlets. we will start with high payouts to create a hype and then we will slow down gradually.
2: we will start slowing down only once we have gathered enough cash for the 5 PH warehouse + profits + lambos + everything else
3: we will get out from our mining commitment by shifting into an alt-coin
4: we will use our 5 PHs to mine bitcoins, of course, and we will use the mining proceeds to sustain the value of our coin
5: we need the coin under our control because we will be charging fees for every transaction, not like BTC where someone else gets the reward!
6: since mining is not profitable, and assuming any increase in BTC price will be offset by an increase in difficulty, we will need a continued money inflow
7: for that we are going to sell the new form of mining, wallets that stake.
8: now for our rubbish coin, we don't really care about the rate because we control it, but we will need to create a magical wallet that can stake BTC, that'll be impossible because people will be actually making money out a mining operation that costs money, so essentially money has to be created, therefore it will be our little new ponzi
9: we will make it cost a lot, $20 minimum each, lock that money for a lot of time, give some high payouts like we did when we started the hashlets and then trickle. The last set of wallets we sell will barely make any money.
something along these lines, you can always catch the next ponzi don't worry too much
