This can even be an advantage. BTC without maketing is /was nothing.
Paycoin has marketing since day 1.
Paycoin has plenty of marketing but still a fraction of the marketing behind BTC. If you don't believe me than compare paycoin to bitcoin on google trends or look at the SEO of paycoin. In fact Paycoin has a bit of a PR problem because a lot of the PR outside of the company is negative.
FIAT coins are backed by even greedy and dishonest owners - Governments and Banks. Scams on FIAT or with FIAT are far greater than on crypto - any coin.
Great, Paycoin is in good company with Fiat.
On the stakes??
Do the math with the hastakers and prime controllers. There is at least 500k of inflation daily. This isn't going to be realized initially because of the unprecedented way in which the stake is locked up by the central issuer and cannot be liquidated. This will eventually place heavy downward pressure upon price. To be fair Bitcoin is also heavily inflationary at around 1.1 million daily but the difference is Bitcoin has the advantage of the network effect and much larger userbase and shortly this inflation will drop from around 10% to 0.5% unlike with paycoin. The 20 base support may eventually be realized or not but will not be sustained because of this long term inflation regardless if you believe in the lie that there is 100 million in investor capital willing to support the coin at 20USD.
IF they have an agreement with their merchants, they don't break any TOS.
This has been discussed heavily already. Do some research into coinfire and the original company legal issues which GAW purchased and renamed to paysave.
ZincSave(which breaks amazon's TOS)
Legal concerns? Personaly i don't have none. I can have more concerns regarding banks and governments and those managers than here ATM.
It isn't about you, its about any disgruntled clients. Are you so naive as to think that no one will sue with the mountain of misleading statements and lies given? There is no Bitcoin CEO , there is a Paycoin CEO. That is a liability you are saddled with.
True. But times of transactions? Not many merchants accept them.
Paycoin will launch with everything a merchant need to accect xpy. BTC or any other alt never did this.
A plugin that converts XPY into Bitcoin or USD fiat doesn't mean that a merchant accepts XPY directly. Bitcoin has plenty of services that do that already.