Re: GAW Zen Hashlet Hashcoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
PayCoin sounds a little close to PayPal in "lexical construction", didn't a bunch of companies get into trouble for using "iSomething" in the past couple of years? I'm probably completely off track, not sure how TM works, I'm guessing the name was vetted by lawyers not to come in conflict with others in the same space having a similar name that could be mislead.
I think it's a deliberate stab at PayPal. He tweeted this a while ago:
https://twitter.com/gawceo/status/531087040797212672
Quote
oh paypal, here we come 
Apparently there were some other tweets at PayPal that have since been deleted:
https://hashtalk.org/topic/18769
And the HP to PC (PYC?) conversion may be postponed by a couple of weeks:
https://twitter.com/gawceo/status/535185028826034176
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Thinking about issuing paycoins to HP customers at the end of round 2 to give customers more time to collect HP
Edit: explanation:
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GAW_CEO
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@gaby_64 said:
im worried about their need to extend the issuance date, just how ready is paycoin?
There is no need, it's to be generous to our customers. The time frame is the time frame.
Giving more paycoins out at Pre ico prices just cost us more paycoins and creates more upside to customers. How is that an issue?
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Industry Innovator
@gaby_64 said:
im worried about their need to extend the issuance date, just how ready is paycoin?
There is no need, it's to be generous to our customers. The time frame is the time frame.
Giving more paycoins out at Pre ico prices just cost us more paycoins and creates more upside to customers. How is that an issue?
And then there is this tweet, which is kind of ironic - I'd say the situation is quite the opposite at the moment:
https://twitter.com/gawceo/status/535188115741503488
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Paycoin: the coins are yours. You can transfer them anywhere you want. PayPal: the money is yours. You can transfer when they let you
Meanwhile the existing shitcoin with the same name is still trading on Cryptsy:
https://www.cryptsy.com/markets/view/PYC_BTC
Really weird that they didn't think to buy it out or fork it or do something to avoid confusion.