>> Look at how many similar schemes, offering no proof of actual mining,
>> exist right now.  This is not going to end well.
> 
> I have to second this opinion. Luke, doing *nothing* and losing the
> funds honorably would easily be preferable over trying to do *any* kind


My understanding of bitcoin is that you can 'check the ledger' to see the 
entire history of every bitcoin including the block it was mined from and the 
key it was awarded to.

Is it not possible for this mining operation to prove they own these keys and 
show that all BTC they distribute to the pool came from blocks the pool mined?
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