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....
Why such denial ?
It is rather dishonnest or unsensible to build a business with the name of someone else in the exact same Industry.
It is the most straightforward way to be sued in 2 years when flourishing ! Any lawyer would basically recommend not to use another's name in the same industry. They can't say they didn't know...First thing you do when you have a name idea is to check google. This coin and thread is the first result in Google and every search engine...
As others said, it is not because you buy all the names available in earth that you "buy a right to use a name"? The context and anteriority are decisive. It won't have any effect to patent "Bitcoin" in most developed countries of the world now.
Anyway, I emphasized the spirit, not the legal affair.