The problem with this proposal is that much of the coins are likely on exchanges already, so you can't seperate out the ones owned by Gaw. Plus, what about the customers who hold coins on Zencloud or Paybase? If they withdrew, they'd lose their coins on this plan.
Yo, not the sole controller of private keys, got no bitcoins. I was gonna say "paycoins" but "got paycoins" and "got no paycoins" ain't that different.
About the "instant transaction" feature of Paycoin. Yeh, paycoin made people's bitcoins instantly transact into Ganza's wallet. Good point, yo.