[ANNOUNCE] paccoin a new SHA256D coin is being introduced

[wmcorless]

Can anyone assist with where similar information might be viewable for Paccoin http://xjo-explorer.cryptohaus.com:2750/chains

The Paccoin block crawler is currently located at http://72.234.46.224/blockcrawler/

[wmcorless]

we just had a static ip installed and so the address is now:

http://72.234.204.139/blockcrawler/

[bob131313]

So lets talk about the 100 trillion coin cap.  CENTS is currently at 3 trillion and is struggling to hold value. How do you think this coin will do as the coin cap gets up there. What are your plans to manage the inflation.
I am all for new experiments in crypto, but not sure what this one  is truly adding. If you are truly making a country..how is that going? How are the lemmings?  What plans have been acted upon?   At least Franko folks are paying a bunch of youtuber's to read a script and post that they swear allegiance, such a joke.
So, Great and Powerful Ruler, what say you?

- Court Jester

[wmcorless]

So lets talk about the 100 trillion coin cap.  CENTS is currently at 3 trillion and is struggling to hold value. How do you think this coin will do as the coin cap gets up there. What are your plans to manage the inflation.
I am all for new experiments in crypto, but not sure what this one  is truly adding. If you are truly making a country..how is that going? How are the lemmings?  What plans have been acted upon?   At least Franko folks are paying a bunch of youtuber's to read a script and post that they swear allegiance, such a joke.
So, Great and Powerful Ruler, what say you?

- Court Jester

first answer, its going to be a while until the cap is reached, and if anyone is smart enough to figure out when that is going to be, I'd be interested to know as well. The coin has a halfing mechanism like bitcoin, so I have no idea when that will occur.
You are right that it is worth little right now. Another way of looking at it, you can buy it for a steal.
The country is just a figment of my imagination, some of you may remember during the mid 1990's there was an effort to create a libertarian country as a floating city on the pacific ocean. i believe it was called Oceania or something like that. The idea was a person could become a citizen and buy a hexagon floating parcel, that can be connected to other parcels and then buildings can be built on top of that. I believe they actually got as far as offering passports and citizenship papers, for sale of course. Now I hear Billionaire Peter Thiel is interested in the same idea. I just sent our white paper over to him, lets see what happens.
Haven't heard of franko etc., I'll try to look them up.
I'm glad to have a court jester, it helps to keep it real.

[wmcorless]

Oceania was started in the early 90's was of the same concept.
http://oceania.org/

[wmcorless]

I think that in order for a separate country at sea to prosper, it would have to be surrounded by some type of ocean based industry. Perhaps mining rare earth minerals from sea beds, or magnesium nodules, followed by exporting of sea food and possibly fish farming.  I think that the fishing industry makes the most sense to start with.

[ex | machina]

Can anyone assist with where similar information might be viewable for Paccoin http://xjo-explorer.cryptohaus.com:2750/chains

The Paccoin block crawler is currently located at http://72.234.46.224/blockcrawler/

Thank you for that.

[bob131313]

Tech exports is a good bet. Here is food for thought: http://www.nydailynews.com/life-style/real-estate/int-waters-eyed-tech-workers-avoid-visa-laws-article-1.1287863

[ex | machina]

So lets talk about the 100 trillion coin cap.  CENTS is currently at 3 trillion and is struggling to hold value. How do you think this coin will do as the coin cap gets up there. What are your plans to manage the inflation.
I am all for new experiments in crypto, but not sure what this one  is truly adding. If you are truly making a country..how is that going? How are the lemmings?  What plans have been acted upon?   At least Franko folks are paying a bunch of youtuber's to read a script and post that they swear allegiance, such a joke.
So, Great and Powerful Ruler, what say you?

- Court Jester

first answer, its going to be a while until the cap is reached, and if anyone is smart enough to figure out when that is going to be, I'd be interested to know as well. The coin has a halfing mechanism like bitcoin, so I have no idea when that will occur.
You are right that it is worth little right now. Another way of looking at it, you can buy it for a steal.
The country is just a figment of my imagination, some of you may remember during the mid 1990's there was an effort to create a libertarian country as a floating city on the pacific ocean. i believe it was called Oceania or something like that. The idea was a person could become a citizen and buy a hexagon floating parcel, that can be connected to other parcels and then buildings can be built on top of that. I believe they actually got as far as offering passports and citizenship papers, for sale of course. Now I hear Billionaire Peter Thiel is interested in the same idea. I just sent our white paper over to him, lets see what happens.
Haven't heard of franko etc., I'll try to look them up.
I'm glad to have a court jester, it helps to keep it real.

@wmcorless; Do you not think that the abundance of Paccoin due to it's mammoth cap could be seen as unattractive for potential investors? Wooing exchanges to add your coin in a long waiting list will be very difficult as the benefit for them having your coin on their site is making money from highest possible number of transactions. If you have so many available for mining why would somebody pay for Paccoin on an exchange? As an investor I don't see comparative advantage in having so many coins in circulation, I like to think I own something that somebody else wants and is willing to pay a premium to obtain it.

Regardless I have contacted Cryptsy to advise them of the coins existence, that being said would you consider lowering the number of coins available for mining as this could be the difference between potentially having the coin listed?

[wmcorless]

@wmcorless; Do you not think that the abundance of Paccoin due to it's mammoth cap could be seen as unattractive for potential investors? Wooing exchanges to add your coin in a long waiting list will be very difficult as the benefit for them having your coin on their site is making money from highest possible number of transactions. If you have so many available for mining why would somebody pay for Paccoin on an exchange? As an investor I don't see comparative advantage in having so many coins in circulation, I like to think I own something that somebody else wants and is willing to pay a premium to obtain it.

Regardless I have contacted Cryptsy to advise them of the coins existence, that being said would you consider lowering the number of coins available for mining as this could be the difference between potentially having the coin listed?

I was hoping that Cryptsy or some established exchange would quickly adopt Paccoin, however Paccoin will be having its own exchange soon.
The problem with bitcoins 21 million cap, is that it is too small to be considered a valid world wide currency. We have already seen the volatility associated with bitcoin as proof that it is unstable because of it limited number of coins. That is what Paccoin will do, it will be much more stable, and reliable not only as a world wide currency, but the large cap will ensure mining will remain attractive long after bitcoin's mining ends.
Furthermore since financial transactions are recorded every block, 10 minute block time with bitcoin is too long. It takes 30 minutes to get 3 confirmation with bitcoin, whereas with paccoin notifications are instantaneous, and confirmations are no longer than 3 minutes. A ten fold increase. I have sent bitcoin to mtgox and had to wait till next day to begin trading. Bitcoins' time to be confirmed takes forever. When things move that slow, opportunities can be lost. Paccoin is much more suited for business transactions, as they are sent and received instantly.
From an investment standpoint you are right, because there are so many Paccoins in circulation, they are less likely to be volatile. That also means Paccoins will probably operate more like fiat currencies and are slow to move. From a business standpoint this provides more confidence. Because the receiver of a Paccoin knows that the value today will be similar to the value tomorrow, and wont be trying to get out of the market when the price is high, or get stuck with a coin whose value dropped in one half in one day like bitcoin.
Exchanges can also count on the value of Paccoin because if they convert Paccoin into other currencies, they don't have to worry about the value changing rapidly where they stand to lose money.
I'm a business man, and I started Paccoin to be a more business friendly currency. Bitcoin was started by anonymous pot smoking cyber punk anarchists with ideas as to what makes a good currency. 
Unfortunately they are wrong. Many of the premises of Bitcoin are the opposite of what makes a good currency.

Listen right now there is an incredible opportunity. Paccoins are not worth very much but they are easily mine-able, and the difficulty is low. How many of you have wished you knew about Bitcoin in the beginning and had mined thousands of Bitcoins when it wasn't worth much. Now is your chance to get in at the beginning and mine Paccoins. There are currently over a millions coins being minted every 2 days. But the difficulty is slowly rising, and soon they'll be difficult to get just like Bitcoins. I also suggest you hold on to your stack of Paccoins, it takes 30 days to gain proof of stake, don't be tempted to pump and dump, when the values start to rise, you'll be sorry.

[wmcorless]

More people are joining the idea for floating cities


Entrepreneurs Max Marty and Dario Mutabdzija, fed up with government laws that keep thousands of high-tech workers outside the U.S. every year, are looking to international waters near San Francisco to let them work near Silicon Valley without the hassle. http://www.nydailynews.com/life-style/real-estate/int-waters-eyed-tech-workers-avoid-visa-laws-article-1.1287863


Glenn Beck "Taking inspiration from Walt Disney and Ayn Rand, right-wing TV host Glenn Beck announced he is in the process of designing Independence, USA, a hybrid city and theme park meant to inspire ‘the rebirth of our nation through its principles.’ http://www.nydailynews.com/news/national/glenn-beck-outlines-2b-utopian-community-article-1.1240943


Peter Thiel, a co-founder of PayPal and one of Facebook's earliest financial backers, is investing in a project a little farther west than Silicon Valley: The 43-year-old libertarian has pledged $1.25 million to the Seasteading Institute, which is looking to establish sovereign nations on movable platforms in international waters. http://mashable.com/2011/08/17/peter-thiel-seasteading-institute/

[ex | machina]

@wmcorless; Do you not think that the abundance of Paccoin due to it's mammoth cap could be seen as unattractive for potential investors? Wooing exchanges to add your coin in a long waiting list will be very difficult as the benefit for them having your coin on their site is making money from highest possible number of transactions. If you have so many available for mining why would somebody pay for Paccoin on an exchange? As an investor I don't see comparative advantage in having so many coins in circulation, I like to think I own something that somebody else wants and is willing to pay a premium to obtain it.

Regardless I have contacted Cryptsy to advise them of the coins existence, that being said would you consider lowering the number of coins available for mining as this could be the difference between potentially having the coin listed?

I was hoping that Cryptsy or some established exchange would quickly adopt Paccoin, however Paccoin will be having its own exchange soon.
The problem with bitcoins 21 million cap, is that it is too small to be considered a valid world wide currency. We have already seen the volatility associated with bitcoin as proof that it is unstable because of it limited number of coins. That is what Paccoin will do, it will be much more stable, and reliable not only as a world wide currency, but the large cap will ensure mining will remain attractive long after bitcoin's mining ends.
Furthermore since financial transactions are recorded every block, 10 minute block time with bitcoin is too long. It takes 30 minutes to get 3 confirmation with bitcoin, whereas with paccoin notifications are instantaneous, and confirmations are no longer than 3 minutes. A ten fold increase. I have sent bitcoin to mtgox and had to wait till next day to begin trading. Bitcoins' time to be confirmed takes forever. When things move that slow, opportunities can be lost. Paccoin is much more suited for business transactions, as they are sent and received instantly.
From an investment standpoint you are right, because there are so many Paccoins in circulation, they are less likely to be volatile. That also means Paccoins will probably operate more like fiat currencies and are slow to move. From a business standpoint this provides more confidence. Because the receiver of a Paccoin knows that the value today will be similar to the value tomorrow, and wont be trying to get out of the market when the price is high, or get stuck with a coin whose value dropped in one half in one day like bitcoin.
Exchanges can also count on the value of Paccoin because if they convert Paccoin into other currencies, they don't have to worry about the value changing rapidly where they stand to lose money.
I'm a business man, and I started Paccoin to be a more business friendly currency. Bitcoin was started by anonymous pot smoking cyber punk anarchists with ideas as to what makes a good currency.  
Unfortunately they are wrong. Many of the premises of Bitcoin are the opposite of what makes a good currency.

Listen right now there is an incredible opportunity. Paccoins are not worth very much but they are easily mine-able, and the difficulty is low. How many of you have wished you knew about Bitcoin in the beginning and had mined thousands of Bitcoins when it wasn't worth much. Now is your chance to get in at the beginning and mine Paccoins. There are currently over a millions coins being minted every 2 days. But the difficulty is slowly rising, and soon they'll be difficult to get just like Bitcoins. I also suggest you hold on to your stack of Paccoins, it takes 30 days to gain proof of stake, don't be tempted to pump and dump, when the values start to rise, you'll be sorry.

Appreciate the prompt reply.

In regards to bitcoins 21 million cap being small, it is not entirely accurate. As you know each coin is broken down; 1BTC = 1.0E-7 when the mining cap is reached, theoretically the BTC cap will be $1M USD/1BTC or $210,000,000,000,000 ($1USD=BTC1.0E-7). From the Paccoin project point of view this shouldn't be overlooked as you use this is one of your key points of difference.

I'm accumulating multiple alt coins one of which is your Paccoin. I don't have plans to sell these regardless.

[Marty19]

PacCoin is still a firm favourite with iSpace miners, always has a steady stream of workers.

The low diff makes it a little easier for the smaller miners to get involved 

iSpace pool can be found at http://pac.ispace.co.uk

[ex | machina]

I only use ispace.co.uk at this stage for mining alt coins 

[gargouri2001]

Hello

Could u please tell , how to solo mine with blade

Regards

[wmcorless]

Solo Mining Blades Guide

I'm assuming you are using windows. If not please let us know.

• First start with a wallet program, if on Windows download the binary from http://pacifica-nation.com/paccoin/paccoin-qtd.zip
• unzip this into a directory called paccoin-master (default)
• run the program called Paccoin-qt.exe
• Next on your wallet look under the Receive Coins button to make sure you have a receive address.
• In the label section you can put your name or email address.
• Once you run the wallet program it will create a hidden directory
• C:\Users\%username%\AppData\Roaming\paccoin
• Open the hidden directory and you should have a few files including wallet.dat
• using a text editor create the filename paccoin.conf

rpcuser=username
rpcpassword=password
rpcallowip=localhost
rpcport=8212
server=1

• Make sure to change the username and password for security reasons
• On your blade settings page select 192.168.*.*:8000

Ports: 8212,8212 (for bfgminer use 8330 for stratum proxy use 8332)
Server addresses: (IP address of the computer running the wallet program),192.168.1.1 (IP of a second computer, or stratum proxy, or bfgminer)
user:pass username:password,username:password

• I would recommend you run a Stratum Proxy or bfgminer to a pool as a backup.
• Now we want the wallet to load automatically so go to the Settings Tab, and select options.
• On the Main Tab select "Start paccoin on system login"
• I also suggest you select the window tab and select both boxes "Minimize to the tray instead of the taskbar" and "Minimize on close"

[wmcorless]

Well its over a month now and Paccoin has surpassed Bitcoin in the number of coins with over 26 million coins so far. The proof of stake is an interesting feature, I'm getting 1050 to 1075 POS coins now.

[Marty19]

We completed our latest round of stability and failover testing on the Ispace Mining Pools (including http://pac.ispace.co.uk) this morning and are confident that our pools are now in a very good position to handle the load being put on them.

[ex | machina]

We completed our latest round of stability and failover testing on the Ispace Mining Pools (including http://pac.ispace.co.uk) this morning and are confident that our pools are now in a very good position to handle the load being put on them.

My workers are constantly dropping out for 5 -6 hours at roughly the same time every day on all pools on ispace.co.uk

Is the new found stability going to be across all coins or emphasis on Paccoin?

[Marty19]

Last night the Shekels pool caused the server to reboot .... needless to say this has now been removed!