See now this is a great attempt at proving the ponzi side of the argument!  Thank you very much for the time and effort..

Now for the sake of not making this post equally as long I only see one bullet point I can see as proof of underhanded practices.  That is the lack of filed paperwork.  The rest of the points to me, while they should be considered in everyone individual risk/reward assessments, are not again proof of fraud.

But quickly back to the supposed lack of paperwork ( which I will just take your word for as I would not be an expert on searching for this and reporting the existence or nonexistence ).  Do most crypto companies have all this paperwork done you think?  Beyond Coinbase and maybe bitpay?  ( Again I just will assume they have the exact same forms etc filed that people are saying GAW does not. )