[ANN][PAK] PakCoin - Pakistan's Crypto Currency - Official Thread

[drwatson84]

This is proof of work, scrypt algorithm.
Pardon me if I have missed your email, as there is a lot of happenings around pakcoin within Pakistan and I get a lot of queries daily so someone can go missing. I know it's bad and shouldn't be like that. I am the only dev responding to the queries.
Encrypted wallet and forgotten password is like you lost the coins, atleast I don't know the way of decrypting it without password and I guess there is no way. If there was a way then encryption has no use.
Download link has been fixed in OP, Thanks for pointing out.
Thanks for your words of advice.

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[AttorneyBitcoin]

Thank you for the prompt and respectful response. I have my password, but under settings or even console there is no option to unlock wallet.

[drwatson84]

You are welcome
Once encrypted, there is no way to decrypt it, there is no option.
But you can unlock your wallet for a period of time, keeping it encrypted.
Password is asked for sending transactions and not for receiving. So you are secure this way.

Option 1: Introduce password in prompt that opens when you send coins

Option 2: Console (Help > Debug window > Console)

Type the following:

walletpassphrase "passphrase" timeout
Where passphrase is your password and timeout is the number of seconds you want the wallet unlocked (i.e. 120 = 2 min). This is option is the only one when you want to do something that requires unlocking but you don't want to send coins (like dumping a private key) or when you plan to leave the wallet open and fear forgetting to lock it again.

[Rw13enlib88]

AttorneyBitcoin,

Dev is doing a great job.
He's creating new services for PAK, he's responsive with the community, he takes care of PAK network...
so from my point of view, he's doing a great job.

Sir, if you believe this is a great idea right place/right time and you're putting my money where your mouth is, you should not move aside an watch the movie.
Dont thread you gonna lose respect. No one asked you to invest here. It's your work too to make it usefull.
You're now part of the community. Your duty is to support the dev in wathever he needs, not to demand dev to work more.

PAK is the first and only coin focused in Pakistan, so PAK is well ahead the curve already.


competition here is fierce and amateurs are quickly revealed and discarded.
the alternate coin community is watching this like a hawk

lol it sounds quite disrespectfull to me...
back into cryptos after 2 missing years? 


Anyway, besides your aggresive comments you have a couple of points there

1) PAK team needs to grow.
Community needs to start taking responsabilities (Ex. Twitter, Face, Community support, PR)
Community has to gain devs confidence so he can delegate work.

2) Better to have thing done now before mass adoption arrives
(not really what you say, but also a good point)
We move back to the first point, team needs to grow

[drwatson84]

Today was the switch over time for DGW algo to take over and it has taken over successfully. Mining now is smoother than before and there won't be transactions delays or too high difficulty for longer periods. Blocks would be solved roughly around 1 minute.
I hope that miners would rejoin pakcoin mining.

[Rw13enlib88]

Today was the switch over time for DGW algo to take over and it has taken over successfully. Mining now is smoother than before and there won't be transactions delays or too high difficulty for longer periods. Blocks would be solved roughly around 1 minute.
I hope that miners would rejoin pakcoin mining.

Well done dev!!

[bitcoinuserz]

Isn't the Premine era sorta over? 

[drwatson84]

Isn't the Premine era sorta over? 

?? What did this mean

[MFahad]

Pakcoin is the only AltCoin whose price is increasing in this period when bitcoin price is increasing and all the alt coins are moving downwards in red.
This is some great Achievement by this Coin.

[drwatson84]

Huge dump last night of around 0.25M pak, making record volume of 1736 usd.
I am curious to know who sold pak so cheaper?

[Rw13enlib88]

Huge dump last night of around 0.25M pak, making record volume of 1736 usd.
I am curious to know who sold pak so cheaper?

lol

It would be better for him (and for me because I hadnt any order)
to post a dump warning,
so we can put our orders..
(he would have sold at higher prices)

but who knows, maybe some newbies would also dump,
so it's fine as it is...

[drwatson84]

Some people got very cheap pakcoins and then price recovered quickly, that's the good part.
Ya the dumper should warn before the dump so that everyone buys at low price as well lol

[HarHarHar9965]

Wow I can see that PAKCOIN has progressed a lot in the last three months .

The Dev is really working very hard . And the community and usage is also growing continuously .

What are the future plans for this coin ?

[drwatson84]

Thanks harhar
It's road map is in the OP, please check
Our plan is to get it accepted across the Pakistan on street level, and that needs time and education. So we are positive for it and people are getting aware and involved day by day, this why you are seeing it progressing and there are decent daily volumes as well.
I am very hopeful for pakcoin.

[dmz241]

Thanks harhar
It's road map is in the OP, please check
Our plan is to get it accepted across the Pakistan on street level, and that needs time and education. So we are positive for it and people are getting aware and involved day by day, this why you are seeing it progressing and there are decent daily volumes as well.
I am very hopeful for pakcoin.

Right now Pakistan has a banking sector of only 16% out of which 4% is mobile banking( mobile banking was introduced some 2 to 3 years back and has grown really fast). We live in a country where most people dont understand banking and require assistance even when transferring funds, this has led to services such as easypaisa. mobicash to improve and work with high fees structure. Now even the banking is being hit hard as all withdrawals of cash Pkr above 499 dollars are subject to a tax of I believe 0.4% or 0.5% I forget exactly. I for one believe Pakcoin can replace that at local level which great smartphone and now 3g penetration at ground level. I look forward to more acceptance at ground level.

[HarHarHar9965]

drwatson

here you can get the Yobit wallet maintenance issue get fixed

https://yobit.net/en/maintenance_request/

[drwatson84]

Thanks for the info, I had tried them a lot of times but they are not listening
So no pakcoin trading is going on there on yobit
Please always use cryptopia.co.nz
I will try this url aa well

[HarHarHar9965]

check Yobits latest tweet on coins maintenance

[drwatson84]

Ok I I'll give it a try

[drwatson84]

I have requested yobit.net about tenth time but they are not yet responding. Yobit.net withdrawal issue is causing sell off there and causing pakcoin graph at coinmarketcap.com downwards. That's disgusting