Josh posted this on Hashtalk.... Any opinion on the accuracy?
https://hashtalk.org/topic/27749/orginal-paycoinBefore we choose the name "Paycoin" we did our due diligence. While we found one had been started with the same name, we did not find any activity (sites, forum, etc). We also reached out to the original developer with no response.
After a long period of waiting, we assumed that the coin had been abandoned and moved forward with purchasing all the names rights.
Once we launched Paycoin, some of the original coin holders came forward to express their frustration with our decision. Since then, we have been working with them to find a solution.
I am happy to say we have reached an agreement with them and have their blessing to use the name. Thanks!