The only Problem I see with GAW right now is they Keep pushing out the Conversion from HP to Paycoin. Its like someone stated before its like the state farm commercial. I got a dollar for you. With the dollar hanging off the end of the fish hook. How blind do you have to be to see the hook keeps going out more and more.
There is no substantive difference between HashPoints and PayCoin at the moment. Who cares when it "switches?" Right now, they're just different names for the same thing. It's like if he's pushing back the date to convert from pennies to dollars.
What matters is the Dec 19th date for being able to sell PayCoin for BTC. If there's no "switch" by then, or if the BTC can't be directly withdrawn, or if anything, really, that keeps people from liquidating happens, there will be a hard market shock.
The switch from HP to PC is meaningless. That's not the thing that matters.
HP to PC is important because we keep mining HP until conversion, and we won't be able to mine HP (or PC) after that's done. So postponing that date is giving everyone more PayCoins, which doesn't make any sense at all, given their boasting about no premine, limited availability, high demand from big investors etc.
I have a feeling there are technical issues behind this, and the postponement is supposed to make everyone happy (yay, more coins).
They are premining it now. Said so somewhere and also "testing" a public mining pool. That is where GAW is supposedly getting the coins to give the lemmings, excuse me, GAWdicts who are "mining" (waiting around) for daily HP handouts. I want to see a wallet and a public blockchain explorer before I believe this coin is real.