What is the straight scoop on the Paycoin buyback? I have read places that when Paybase comes online (Monday?) they will be pumping cash (said to be $100 Million) into the coin via a buyback of the coins mined this week @ $20 each. Is this really going to happen? I have tried reading through the imbecilic rubbish on the Hashtalk site and can not find a definitive answer to this simple question. I know there must be an answer to this somewhere in the 300+ pages of this thread, but after an hour I have given up on ever finding that needle in the haystack. Help me out here, please.
Also, some thoughts: The whole marketing spiel of Paycoin makes me ill.
"The People's Coin"?? Give me a break, did Karl Marx come back to life get a job as marketing director with GAW?
Then it says "Bank's Hate Paycoin"
When you start reading their hype they brag about being backed by "major financial institutions" (these are called BANKS folks), so apparently banks actually LOVE Paycoin. Then the deal about having to use GAW equipment to be able to be a miner after this week is over- why not just call it GAW coin?? Especially since the name PAYcoin was already taken.