[PASC] PascalCoin: Induplicatable NFT

[escapefrom3dom]

Is it possible to lose an account if not used for a very long time?

You won't lose an account but if an account is not used for approx 4 years (420480 blocks) the private key is assumed lost and the coins will be recovered in the next block mined as part of the block reward. The account(s) will remain lost if the private key is lost or unknown.

make it clear plz: what is meant by not used (any pasc transactions or change the private key)?

[jackbox]

Is it possible to lose an account if not used for a very long time?

You won't lose an account but if an account is not used for approx 4 years (420480 blocks) the private key is assumed lost and the coins will be recovered in the next block mined as part of the block reward. The account(s) will remain lost if the private key is lost or unknown.

make it clear plz: what is meant by not used (any pasc transactions or change the private key)?

I think it's any activity. It's in the FAQ on the Pascal Coin website.

[thedreamer]

That is kind of effed up though. If you have thousands of accounts you can't hold them past 4 years then or you won't 'own' them anymore.. Hmm...
Guess there will be a huge sell off when the 4 year period comes close to PASC's start.

[jackbox]

That is kind of effed up though. If you have thousands of accounts you can't hold them past 4 years then or you won't 'own' them anymore.. Hmm...
Guess there will be a huge sell off when the 4 year period comes close to PASC's start.

You don't lose the accounts you only lose the coins. So just move them into one account you keep active. The accounts will stay attached to your private key forever.

[jmknapp80]

That is kind of effed up though. If you have thousands of accounts you can't hold them past 4 years then or you won't 'own' them anymore.. Hmm...
Guess there will be a huge sell off when the 4 year period comes close to PASC's start.

You don't lose the accounts you only lose the coins. So just move them into one account you keep active. The accounts will stay attached to your private key forever.

Exactly.

[arielbit]

That is kind of effed up though. If you have thousands of accounts you can't hold them past 4 years then or you won't 'own' them anymore.. Hmm...
Guess there will be a huge sell off when the 4 year period comes close to PASC's start.

You don't lose the accounts you only lose the coins. So just move them into one account you keep active. The accounts will stay attached to your private key forever.

hmmm..so accounts are more qualified as a store of value than coins, specially for long term storage because you can store it and forget.

accounts right now i think is more decentralize than coins since they are not traded in high speed exchanges with bots (majority of coins right now is on poloniex).

interesting...we'll see how this turns out long term.

[jackbox]

That is kind of effed up though. If you have thousands of accounts you can't hold them past 4 years then or you won't 'own' them anymore.. Hmm...
Guess there will be a huge sell off when the 4 year period comes close to PASC's start.

You don't lose the accounts you only lose the coins. So just move them into one account you keep active. The accounts will stay attached to your private key forever.

hmmm..so accounts are more qualified as a store of value than coins, specially for long term storage because you can store it and forget.

accounts right now i think is more decentralize than coins since they are not traded in high speed exchanges with bots (majority of coins right now is on poloniex).

interesting...we'll see how this turns out long term.

You can never forget the coins. If the account is not active for approx four years the coins will be reclaimed into the ecosystem as a block reward. It is so coins never get abandoned forever.

[arielbit]

That is kind of effed up though. If you have thousands of accounts you can't hold them past 4 years then or you won't 'own' them anymore.. Hmm...
Guess there will be a huge sell off when the 4 year period comes close to PASC's start.

You don't lose the accounts you only lose the coins. So just move them into one account you keep active. The accounts will stay attached to your private key forever.

hmmm..so accounts are more qualified as a store of value than coins, specially for long term storage because you can store it and forget.

accounts right now i think is more decentralize than coins since they are not traded in high speed exchanges with bots (majority of coins right now is on poloniex).

interesting...we'll see how this turns out long term.

You can never forget the coins. If the account is not active for approx four years the coins will be reclaimed into the ecosystem as a block reward. It is so coins never get abandoned forever.

but not for the horder/investor....he/she/they will lose it.

[escapefrom3dom]

That is kind of effed up though. If you have thousands of accounts you can't hold them past 4 years then or you won't 'own' them anymore.. Hmm...
Guess there will be a huge sell off when the 4 year period comes close to PASC's start.

You don't lose the accounts you only lose the coins. So just move them into one account you keep active. The accounts will stay attached to your private key forever.

hmmm..so accounts are more qualified as a store of value than coins, specially for long term storage because you can store it and forget.

accounts right now i think is more decentralize than coins since they are not traded in high speed exchanges with bots (majority of coins right now is on poloniex).

interesting...we'll see how this turns out long term.

You can never forget the coins. If the account is not active for approx four years the coins will be reclaimed into the ecosystem as a block reward. It is so coins never get abandoned forever.

but not for the horder/investor....he/she/they will lose it.

only if the investor will constantly sleep for 4 years.

[nightraven]

I've been trying to get my wallet working for a while.

On a VM the wallet worked immediately. No extra configuration needed.

I've tried creating a .conf, reinstalled the wallet to a different drive, and close basically everything on my PC. Still, no luck.

http://prntscr.com/c4zqh1

It appears to be connecting but not downloading the blockchain.

It seems like you have connections to servers and also that you receive data so I guess you just need to be more patient 

Or you can try to download the blockchainstream from:
https://sourceforge.net/projects/pascalcoin/files/

[arielbit]

That is kind of effed up though. If you have thousands of accounts you can't hold them past 4 years then or you won't 'own' them anymore.. Hmm...
Guess there will be a huge sell off when the 4 year period comes close to PASC's start.

You don't lose the accounts you only lose the coins. So just move them into one account you keep active. The accounts will stay attached to your private key forever.

hmmm..so accounts are more qualified as a store of value than coins, specially for long term storage because you can store it and forget.

accounts right now i think is more decentralize than coins since they are not traded in high speed exchanges with bots (majority of coins right now is on poloniex).

interesting...we'll see how this turns out long term.

You can never forget the coins. If the account is not active for approx four years the coins will be reclaimed into the ecosystem as a block reward. It is so coins never get abandoned forever.

but not for the horder/investor....he/she/they will lose it.

only if the investor will constantly sleep for 4 years.

a lot of things can and will happen, if pascal coin lives after 4 years we will hear a lot of stories. if you think more about it, all succeeding years will have 4 years of past in them..

2020 - stagnant coins from 2016 gone
2021 - stagnant coins from 2017 gone
2022 - stagnant coins from 2018 gone
...
...
 

[9Bank]

  this absolutely must be the Good Coin - Know what I mean? 

[mmo4me.2016]

I bought for me a few PASC but currently I have no account to host, can anyone help me? I am a user, not a minner
My public key
3GhhbokJZXG3XxpLANiQAu69JEiRs1wcC1hsqu9c8fuJBeN4MbzYxbaDBBdpEwckrkqkobzZuYVqido iND9KL2KU2tzQkZuKFXwCt8
thanks

[BrunoS]

I bought for me a few PASC but currently I have no account to host, can anyone help me? I am a user, not a minner
My public key
3GhhbokJZXG3XxpLANiQAu69JEiRs1wcC1hsqu9c8fuJBeN4MbzYxbaDBBdpEwckrkqkobzZuYVqido iND9KL2KU2tzQkZuKFXwCt8
thanks

I have send you Account: 299418-96

[mmo4me.2016]

I bought for me a few PASC but currently I have no account to host, can anyone help me? I am a user, not a minner
My public key
3GhhbokJZXG3XxpLANiQAu69JEiRs1wcC1hsqu9c8fuJBeN4MbzYxbaDBBdpEwckrkqkobzZuYVqido iND9KL2KU2tzQkZuKFXwCt8
thanks

I have send you Account: 299418-96

Thank your share! I like this Acc.

[9Bank]

  Can I get an account too? I don't have a working PC, only a phone (5.1). I understand this coin and believe it's very different and I really think the account vs wallet thing is fascinating! I've visited the pascwallet.com site but don't know what that xxxx58 number is about or where to get one.

[jackbox]

Can I get an account too? I don't have a working PC, only a phone (5.1). I understand this coin and believe it's very different and I really think the account vs wallet thing is fascinating! I've visited the pascwallet.com site but don't know what that xxxx58 number is about or where to get one.

You can go to pascwallet.com and buy one.

[PanneKopp]

Hi @9Bank

this absolutely must be the Good Coin - Know what I mean?  

sorry, I don´t get - could you please explain ?

 

P.S.

I have send you Account: 299418-96

This is a good sign 4 me, not only greedy people are here (THX in communities name) !

[PanneKopp]

a lot of things can and will happen, if pascal coin lives after 4 years we will hear a lot of stories. if you think more about it, all succeeding years will have 4 years of past in them..

2020 - stagnant coins from 2016 gone
2021 - stagnant coins from 2017 gone
2022 - stagnant coins from 2018 gone
...
...
 

It should not be that difficult, to use an account once within 4 years !

... after thinking a littlebit longer about it, I believe this is the long term social component of PASA distribution,
even though many big-pocket holder of PASA prefer to make a greedy business out of it.

This innovation PASx will only have a chance, if spread wide,
not as a P&D-cheme at Polo.

... just my 2 satoshies,

  PanneKopp

[spud21]

That is kind of effed up though. If you have thousands of accounts you can't hold them past 4 years then or you won't 'own' them anymore.. Hmm...
Guess there will be a huge sell off when the 4 year period comes close to PASC's start.

You don't lose the accounts you only lose the coins. So just move them into one account you keep active. The accounts will stay attached to your private key forever.

hmmm..so accounts are more qualified as a store of value than coins, specially for long term storage because you can store it and forget.

accounts right now i think is more decentralize than coins since they are not traded in high speed exchanges with bots (majority of coins right now is on poloniex).

interesting...we'll see how this turns out long term.

You can never forget the coins. If the account is not active for approx four years the coins will be reclaimed into the ecosystem as a block reward. It is so coins never get abandoned forever.

Too many other altcoins have large percentages of their distributions in addresses that haven't moved coins for years. Nobody can be sure if whales control those addresses, or if the keys to them were lost. PascalCoin is implementing a good solution to that problem, and I'm sure other altcoins will soon copy it.