No, what I'm saying is why spend money on exchanges to buy coins? They have enough debits to worry about with the HP->XPY->BTC/USD sell off from their own customers. They need to have the money to support this sell-off from their customers. And by doing so within paybase, they get the same effect from the exchanges that they want without having to buy coins from the exchanges. They can't control the price on the exchange, but they can manipulate behavior a bit by only guaranteeing the $20 via paybase.
Translation: They have no intentions of paying $20 for Paycoins. If they did they would be buying them right now for $5.
Example: I am a builder. Let's say I need 100 sheets of plywood for a job next week that I a obligated to do. Today the sheets of plywood are on sale for $5. The sale ends Sunday, and Monday I will have to pay $20 per sheet. Are you
REALLY so stupid that you would pay $20 instead of $5?? Do you REALLY not know the difference between $500 and $2,000?? Another
product victim of our educational system. Shocking.
They don't have to *BUY* any coins. They already have them!
Why would would you as a builder go buy cheap plywood when you already have enough for the job? Sure, it's cheap plywood, but all the money you have to buy the cheap plywood is spoken for... to pay the construction guy's salaries for a while. What are you going to tell your contruction guys... sorry, I spent all your salaries on more cheap plywood?