Quote from: Sujoy on January 07, 2015, 08:53:51 AM

The only people holding XPY now are the GAW faithful so I expect the volume to be low and price to be stable for a little while. None of them want to sell at this price as they are hoping the price will rise in the future.

Merchant integration generally implies a conversion from XPY->Fiat, except in the unlikely scenario where the merchant is happy to hold XPY. Without any market depth, any merchant sales will crash the market. Because of this GAW are forced to delay any plans for merchant integration. Their customer base simply has no money left to put up buy walls.

What would you do in GAW's position now? They have the option of burning their own money to put up buy walls. I have a feeling they don't want to be parted from their money, so I'm not expecting that to happen. At most they may cripple the debit card with horrendous buying limits, giving the illusion of a working ecosystem.

My prediction is that merchant integration will be postponed. If anything worth buying becomes available for XPY, we'll see the market crash to a price that means people are reluctant to spend.

I'm kind of tempted by those pickles:

https://hashtalk.org/topic/28204

Seriously though, I agree, that's one possible scenario. Note though that Paybase exchange rates are horrible, so if the debit card is linked to that it wouldn't make much sense to use it - better dump on Cryptsy (there could be an uptick due to good news if the debit card is actually happening).
Either way hard to find a good scenario now that the price stability is not a thing anymore.