Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
I think they're doing POS for two reasons.
1. It prevents a mass dumping of the coins for 3-6 months. The coins that are put into these wallets can't be dumped. It'll help prolong the artificial $20 floor that GAW is planing.
2. They can "sell off" mining hardware. So when / if there's an audit they can show a small amount of hardware and claim that this is all they need for the remaining Hashlet's.
This exactly.
Although there has been discussion on HT today if the 20$ wall was actually promised or not.
Wait till they realise that even paycoin wasn't promised
. Its not paycoin... its paycon... you are literally paying to be conned.