Yes, of course. I get your perspective. But if one believes otherwise, it doesn't mean that their morals and ethics don't line up with yours in the end. Far from it.
If this were the case you would be more vocal with their behavior. Do you or do you not believe they were fractional reserve mining in the past?
I believe they are doing what they can to bring a crypto to the masses. If they were a scam, IMO, they would have cashed and ran already. Why keep the charade and the lies and the possibility of going to jail? It would seem to be riskier by the day to continue this way if it was a 100% scam, no?
Some may believe this is a flat out scam, but I personally believe that in Homero's mind, he's just running an aggressive startup. In his head there are no rules, so he's pulling out every trick in the book. Only after this whole thing unfolds and either stabilizes or collapses will we be able to judge just where paycoin falls on the scam-o-meter. Based on his actions and promises, things are not looking good right now clearly. He can't even deliver on his promises of a stable XPY, merchants on board, or even the release of Paybase at this point. Why should we be confident in the future based his prior actions and promises?