Highlights of an upbeat WSJ piece on GAW, interview with Josh Garza

Wall Street Journal published a dedicated piece on Paycoin on the day of its "ICO", initial coin offering, for select clientele (the public ICO is scheduled for 12 days from now).

Examined on its own, without scrutiny, one gets a very different impression of GAW than from a plethora of material on less prominent forums, which have accused GAW of scam-like practices. The controversy is not referenced in the WSJ piece. Only passing mention of the "lawsuit-prone Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term mining industry" in general is made toward the end.

Following are some of the notable assertions:

- Paycoin's anticipated market cap will be $250 million (roughly equal to that of Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term), "partly backed" with fiat worth $100 million.

- Stuart Fraser, Vice Chairman and Partner at Cantor Fitzgerald LP is said to be a "long-time backer of Mr. Garza's projects". His profile page on Cantor Fitzgerald mentions "ownership interests in Great Auk Wireless", also abbreviated GAW. Garza, according to his Linkedin page, was CEO at the company for 9 years until 2012. A Linkedin page for Stuart Fraser says he is a partner in GAW Labs (the crypto company) and an owner in GAW (the internet/wireless company), although the former is not mentioned on the Cantor Fitzgerald page.

- Garza's mining operation is run out of a 180,000-foot Mississippi warehouse with 15MW electricity capacity.

- His service now accounts for "a whopping 50% of all new mining capacity coming online."

- After starting operations only this past summer, "GAW is on track to finish the year with $120 million in sales." Such a figure is in line with previous PRs by the company, one of which declared it sold “$1M units [sic] overnight” as the Hashlet became the most popular miner in the world. Such figures indicate that GAW is by far the most successful bitcoin company in the world, having accomplished this feat in but a few months....