http://blogs.wsj.com/moneybeat/2014/12/01/bitbeat-under-fire-gaw-miners-ceo-garza-takes-on-his-critics/"In investigating these claims, BitBeat viewed a bitcoin address at Blockchain.info that was cryptographically proven to belong to GAW and in which almost 28,000 bitcoins"just one address. of course GAW has some bitcoin. but these are not enough BTC. Roger Ver "viewed" on the Goxx BTC. you know the rest. "We also obtained a copy of the lease contract to a 150,000-square foot warehouse in Park Purvis, Miss., where GAW’s mining operation occurs,"
a contract? everybody can print that. and even when there is a mining-farm, its just one. not enough at all."and saw photos of a new operation under constructions with hundreds of rigs stacked on shelves, high-tension wires and heavy electrical infrastructure."
whos the owner of these rigs? where are these pics?"Separately, Jihan Wu, the CEO of bitcoin mining equipment maker Bitmain, told us GAW was “a very important participant” in the industry and confirmed delivery of a single Bitmain order to GAW worth 5 petahashes per second."
not enough mining equipment. where is the rest?"As for the charge that GAW is a Ponzi scheme, Mr. Garza pointed out that his principal partner, Cantor Fitzgerald Vice Chairman Stuart Fraser, in whose name the patent for one of Wall Street’s most important bond trading programs is listed, has “got more to lose than all of us combined.” "
not a good argument. maybe GAW is goxxing him too?"Meanwhile, Mr. Garza said claims that the company censored the Hashtalk forum misrepresent its policy for maintaining decorum. He said community members will “downvote” people whose comments aren’t constructive and that the only rule the forum moderators enforce is “
show some respect.”"
"buy the shit and shut up" is the rule i guessso in summary:"Still, many say that GAW — as with all cloud mining operations — could be far more transparent. Amith Nirgunarthy, CEO of cryptocurrency information site IHB.io, says GAW should provide “their coinbase addresses on the bitcoin blockchain.” Without that, he said, “none of their mining contract payouts can be traced to virgin bitcoins,” ensuring that it
“smells like a ponzi scheme.” "
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