discontinued the NiceHashlet, and ultimately revealed that Hashlets didn't mine
The nice (pun intended) thing about hashlets was that Zen TOS had this statement weeks before the NiceHash debacle:
"Selecting a Pool
does not imply physically or electronically mining at the selected Pool".
People don't read, think, or question anything until it robs them blind and even then some prefer to shill for the robber.
It's true, and in this case, a lot of folks didn't dig through the TOS because Garza and the posse were so insistent they were mining. I remember being at the Hashers event last fall, and Garza and his posse (including miaviator) literally running around yelling and screaming in defense that they were really mining, offering to make bets with people, etc. Garza stood up there with actual leaders in crypto like Tim Draper and Marshal from FinalHash and just lied his ass off about mining this, mining that, we have so much mining power there are certain coins we can't mine... When you have someone at a mining conference, surrounded by mining hardware and respected figures in crypto backing up his mining operation... you don't think to read the fine print sometimes.
I'm personally really glad I didn't lose on GAW either; I attribute a lot of it to luck and at every opportunity being able to liquidate what I had at a decent price. I still feel bad for the people who went balls-deep on the Paycoin lie, but the minute that fool said "PayCoin will always be $20" and people believed, they were in for a world of hurt.
Maybe if Marcelo started talking about KHS Points and ScryptCC coin people would have known to bail on ScamCC sooner.
EDIT: For anyone curious about how the GAW saga is going:
http://www.docdroid.net/VM03uAd/1-4.pdf.htmlThe link goes to a PDF of Carlos Garza "testifying" in front of the SEC.