CryptoCurrency Conflict of Interest; BadBitCoinOrg Betrays Trust
There have been quite a few allegations agains cryptocoin company GAW Miners and as of February 5th GAW has been under investigation by the SEC. The investigation may exonerate GAW of any improprieties but until that happens it is extraordinarily unethical for Badbitcoinorg to be declaring that allegations are false. And childish for it to block anyone who asks questions. Badbitcoin.Org is a public service website that warns investors of scammers and ponzi schemes but it’s also an investor in the company, GAW Miners, and owns GAW cryptocurrency XPY. This is a flagrant conflict of interest, particularly when the Twitter account operator is anonymous as are the operators of the website. BadBitCoinOrg has a misunderstanding on what transparency means. They disclose their investment in GAW on their website but only if you scroll down to the bottom of their home page. When it comes to offering investment advice, credibility and public trust are vital. By dismissing allegations as “attacks” and blocking anyone who asks questions BadBitCoinOrg has lost credibility and violated public trust.
The following is a conversation with BadBitCoinOrg that took place on March 6th after which it to blocked me.