After the Merchant accepts the coin, THEN what? Who backs the purchase when the Merchant dumps it on an exchange!?!? This is something all of you Paycoiner imbeciles could never grasp. Merchant acceptance of a shitcoin will make the value plummet.
I think they are going to solve this problem by not having any merchant adoption. Also the $1 value sounds like it will be "managed", not guaranteed. Maybe an Honor program will be announced in a couple of weeks.