What honestly did they expect? This was almost always going to happen, and to think the Mazacoin devs didn't see it coming would be incredibly naive.

If this coin is legit, then it's current price on the market is meaningless. If the coin is being used to actually support a real sovereign state, then they can set the value per coin at whatever they damn well please! This idea that the market value has any bearing on their ability to dictate the value is just utter nonsense.  

If they said the value per Maza was x, and the coins were used at x price, then the market price will follow. Not the other way around. If the Mazacoin devs turn around and blame the market prices on why they couldn't release this coin to the Maza people, then this pretty much tells you it was a scam from the start.