What has GAW done that is actually illegal? With proof. Legit question. I understand the shady business accusations, but I'm curious if anyone has anything that they can say was an actual illegal business practice.
Now, what has GAW done that is illegal, but can't quite prove it. All the facts add up, but there might be one missing piece.
And if you want, what bad business did GAW do, that's not illegal, but just bad business? Don't mention the $20 "guarantee" cause that's a given.
I'm actually interested in this. From what I've followed, the physical miner sales were fine. Yeah, GAW tried to convert the customers to Cloud Mining, but from what I've followed, they did refund those that wanted refunds on unfulfilled physical miner orders. The Cloud Mining part of GAW did well for some people, like me. I turned a profit. Not the "$20" profit like I thought, but profit no less.
By the way, sometimes the anti-GAW people start to get as crazy as the pro-GAW people.
That's a loaded question, isn't it? Impossible to answer in a short post, but just to scratch the surface:
IANAL but hashlets without mining, as well as the pumping of the coin (bots, $25, etc) and the subsequent scrubbing of past announcements and promises could be illegal if not conclusively provable.
Bad business is just about every lie they told us - always profitable hashlets, hashstaker ROI, merchant adoption at launch, no pre-mine, etc.
Backpedaling on the debate is neither here nor there but it highlights the spineless and dishonest character of a certain individual, whom the whole paycoin/paybase project so heavily depends on. For some this failure to defend the project can look like bad business.