Looks like there is some logic behind the recent PayCoin madness.
GAWminers is launching a new coin with the biggest ICO ever and this coin will be called PayCoin.
Would you want to launch such a massive project and have a competing coin with the same name get in the way?
So I think GAWminers is the one buying up all the PayCoin now to retire it, kill it or to buy out all the investors and maybe merge it with their coin so there is only 1 PayCoin.
It could be speculation but I doubt it cause no speculator would pay 15 times the currency market price.
Like I said last year, buy coins with great names and make a killing when they're taken over.
Cheers!
I think people are buying the coin thinking it's the GAW coin. Kinda ridiculous.
I think it is ridiculous too from GAWminers to choose a existing and older coin !
When futhermore a takeover occurs, price could skyrocket. Look at bytecoin or bitcoin scrypt, or nTx or even the false maidsafe on Counterparty.
This coin has a great future now, without having almost nothing to do...
GAWminers will struggle with Paycoin, the original.
They bought the right to use the name paycoin. They will not struggle and if something is ridiculous here, its your post.
Such lack of research....