  In the extensive literature dealing with the relativistic phenomenon of
Thomas rotation several methods have been developed for calculating the Thomas
rotation angle of a gyroscope along a circular world line. One of the most
appealing concepts, introduced in \cite{rindler}, is to consider a rotating
reference frame co-moving with the gyroscope, and relate the precession of the
gyroscope to the angular velocity of the reference frame. A recent paper
\cite{herrera}, however, applies this principle to three different co-moving
rotating reference frames and arrives at three different Thomas rotation
angles. The reason for this apparent paradox is that the principle of
\cite{rindler} is used for a situation to which it does not apply. In this
paper we rigorously examine the theoretical background and limitations of
applicability of the principle of \cite{rindler}. Along the way we also
establish some general properties of {\it rotating reference frames}, which may
be of independent interest.
