Art by: Jing Jin [Update: Coinfire and members of the Bitcointalk forum have reported that Circle, Paybase/Paycoin's credit card processsor, has cancelled Paybase's account, presumably for violating Circle's TOS policy on virtual currencies] At the center of the Paycoin controversy is the disagreement among critics and GAW over if the US $20 price floor was ever actually something they promised to enforce. The company recently released a statement explaining their side of the argument. They claim that the US$ 20 figure was based off of figures “very much like a mathematical equation” and that their plan of “expanding market capitalization, …