From day one I was claiming this could explode immediately or dragged out 6 months or longer. Some of us are quite fair in our criticisms and expectations of this launch.

This will eventually fail though, I can practically guarantee that based upon this:

1) Centralized
2) Difficult to catchup to Bitcoins network effect and first mover advantage
3) Lack of technical innovation , mostly marketing fluff
4) The coin is backed by greedy and dishonest owners and clients many of whom lack technical ability and are simply in it for the money
5) Long term high inflation will lose out to long term deflationary currencies . We have plenty of fiat for you inflationary needs.
6) Paysave is based upon a plugin which breaks merchants TOS. These merchants will either disable the plugin or sue
7) Legal concerns over statements and ICO launch. There is already a mountain of evidence that GAW and josh have lied and misled their clients. All it takes is one disgruntled client, a lawyer , and they have a trove of evidence to sue GAW/paycoin with. Expect heavy legal pressure in the future. That is one of the severe weaknesses with paycoin that Bitcoin is immune from. There is no centralized Bitcoin company to sue or place legal pressure upon. There is no Bitcoin CEO.