* Small error about Josh starting out legit. Josh made his plans crystal clear before he started GAWminers. Get people hooked in and build trust with legit hardware sales, and then hold back hardware deliveries and switch to "virtual mining"- aka pure Ponzi mode. The whole thing was planned from day -1. Paycoin was cooked up after the Hashlet Ponzi began to crash last fall.
Fair point. I can see how it could be legit to start with the intention of scamming everyone in the medium-term.