[ANNOUNCE] paccoin a new SHA256D coin is being introduced

[wmcorless]

Bill, ever heard of libel? How is it possible that my fork BROKE your dumb-ass chain when your chain was forking before I ever even investigated PAC? Go look at the explorer logs, it was broken LONG, LONG, LONG before I ever submitted a patch (a working f*ing patch for that matter) to try and help out with your broken-ass coin.

Your acceptance logic isn't based on height which means it's broken because it can rewind. It can rewind, mainly, by old, large wallets that have a lot of stake -- who has that? I sure as hell don't I was mining the damn coin when I noticed my transactions missing.

If you want to claim I broke the coin -- like you are -- go for it. Look up the definition of libel and considered the bullshit you're spewing next time. Nothing you've said is even remotely accurate regarding your own damn code base yet no one has every said anything to dispute any of the evidence (that's what truth is based on...) I posted publicly.

breakcrypto.

It is supposed to rewind when you have two blocks with the same blockheight, one is a mined block and one is a proof of stake block, it is supposed to give preference to proof of stake, that is why the mining is mostly orphans now. If you get a block mining, good. But the reason is mining should be not be encouraged, rather you should buy your coins on the exchanges and let them stake.
your version keeps both on a fork and therefore the users mine coins that are worthless.
libel is when you make a false statement about someone, please show me where I made a false statement.

[wmcorless]

Mr. Corless

If you are not an impostor.  Can you prove to us that you are the real Mr. Corless?  Will you deny that you have received payment in paccoins for all domain names and rights to PAC coin?
I am new to  Crypto, but I like to do my research before I invest.  I really like this coin, the new dev team and the Pac community.  Why would you create such a confusion if you have nothing to lose? 
How much PAC did the new dev team pay you Mr. Corless?  The new dev team created value and now you came into the mix to creat FUD.

I sold the domain names to Saul. Is there some contract I don't know about?

[breakcrypto]

Bill, ever heard of libel? How is it possible that my fork BROKE your dumb-ass chain when your chain was forking before I ever even investigated PAC? Go look at the explorer logs, it was broken LONG, LONG, LONG before I ever submitted a patch (a working f*ing patch for that matter) to try and help out with your broken-ass coin.

Your acceptance logic isn't based on height which means it's broken because it can rewind. It can rewind, mainly, by old, large wallets that have a lot of stake -- who has that? I sure as hell don't I was mining the damn coin when I noticed my transactions missing.

If you want to claim I broke the coin -- like you are -- go for it. Look up the definition of libel and considered the bullshit you're spewing next time. Nothing you've said is even remotely accurate regarding your own damn code base yet no one has every said anything to dispute any of the evidence (that's what truth is based on...) I posted publicly.

breakcrypto.

It is supposed to rewind when you have two blocks with the same blockheight, one is a mined block and one is a proof of stake block, it is supposed to give preference to proof of stake, that is why the mining is mostly orphans now. If you get a block mining, good. But the reason is mining should be not be encouraged, rather you should buy your coins on the exchanges and let them stake.
your version keeps both on a fork and therefore the users mine coins that are worthless.
libel is when you make a false statement about someone, please show me where I made a false statement.

1) Your chain rewinds over PoS transactions -- so what you said makes no sense. It also rewinds several hundred blocks. If PoW was internally supposed to be discarded, then it should be removed from the code. Right now your chain forks constantly due to conflicts. My change lets trust win as long as the height is higher so multiple blocks on the same height would select the higher of the two (aka. PoS) but keep the chain from rewinding when a backwards PoS block comes in. Aka. stop rewinds and fix the coin.

2) You said my fork broke your chain -- in writing -- that's 100% verifiably false. Your chain -- as you claim is by intention -- was doing EXACTLY what it's still doing long before my "fork" ever existed. You just said it's designed to do that, so how is it possible that my fork broke it? That was accurate and truthful statement? Don't think so -- blatantly false. Don't blame your broken chain on me, I tried to fix it.

breakcrypto

p.s. Research libel per se -- some good stuff in there. Keep blaming me and you can find out all about it. Pick your battles Bill... this is the wrong one, I promise you that.

[wmcorless]

Mr Corlass thinks he owns paccoin?  Why he not fix it?  FRAUD.  Stay away from bad man he sounds very frustrated and desprate.  HOW MANY PAC HAVE YOU MR CORLASS?  Why you worry so much?  If your coin is so good why not let burn?  You can hold yours and have happiness!

Paccoin works perfectly, this "patch" is what causes the network to become unstable. when your wallet drops out of sync randomly, its because it was on a fork and is working its way back to sync. This could be caused by the patch or normal operation.

I have plenty of coins, so I have a stake in it.  I'm not interested in burning money.

If you want to give your coins to someone to burn, that's your business. (they'll probably use them for proof of stake).

[breakcrypto]

Mr Corlass thinks he owns paccoin?  Why he not fix it?  FRAUD.  Stay away from bad man he sounds very frustrated and desprate.  HOW MANY PAC HAVE YOU MR CORLASS?  Why you worry so much?  If your coin is so good why not let burn?  You can hold yours and have happiness!

Paccoin works perfectly, this "patch" is what causes the network to become unstable. when your wallet drops out of sync randomly, its because it was on a fork and is working its way back to sync. This could be caused by the patch or normal operation.

I have plenty of coins, so I have a stake in it.  I'm not interested in burning money.

If you want to give your coins to someone to burn, that's your business. (they'll probably use them for proof of stake).

How does my "patch" break your coin? Your coin was doing all this before I ever even loaded it back up some 4+ years later. As far as I know, no one has even bothered to pull the source I posted or even run it. I don't even have the pac wallet running on my boxes anymore, I abandoned it long ago when you clearly had no intention of dealing with the issues.

God help me...

[thienytcc88]

Not interesting coin, SHA256 is the same BTC. Why don't have any pools for POS or the POW phrase had already ended that no necessary of pool?

PACCOIN PAC

SPECIFICATIONS

• SHA256D Proof of Stake
• 500 coins per block
• 1 Minute Block Time

DOWNLOADS

WINDOWS

http://www.paccoinofficial.com

Block Explorer

http://paccoinexplorer.com

SOURCE CODE

https://github.com/PaccoinCommunity/Paccoin

Sample paccoin.conf

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

PORTS

• P2P Port:  8112
• RPC Port:  8212

POOLS
 
None

EXCHANGES

Cryptopia.co.nz https://www.cryptopia.co.nz/Exchange?market=PAC_BTC
Tradesatoshi.com https://tradesatoshi.com/Exchange/?market=PAC_BTC
Novaexchange https://novaexchange.com/market/BTC_PAC/
Pacexc https://pacexc.com (coming soon)
Yobit.net https://yobit.net/en/trade/PAC/BTC

Official Websites:
http://www.paccoinofficial.com

Edit 1/23/2018 - Separating from Paccoin community and posting of official website.
Edit 12/16/2017 - New websites added to reflect Paccoin community websites.
EDIT July 28, 2014 - Please upgrade to new client dated July 15, 2014
Edit February 20, 2017 - New Exchanges Added
Edit November 1, 2017 - New Exchange Added, link to wallet updated.

[Pacvobiscum]

Mr. Corless  

Thank you for your quick response, I was just looking for information.  
One more question, if you sold the domain name and the rights to the coin to Saul, who owns the new www.paccoinofficial.com website, and what is this for?  I am confused.
Which site to I go to download the wallet for Pac coin?  Are the wallets from the 2 different sites the same wallet?  Which one is upgraded with the exchanges if the wallets differ?
Thank you for the information you have provided.  

[wmcorless]

Forks occur all the time even with bitcoin, when a block is rejected by the network it is a fork.
"Reorganize" is what you see in debug.log that will tell you how many blocks are dropped and the chain reorganizes. This is normal with all coins.
Your patch does not respect this process and simply lets the blocks accumulate causing a rejected block to continue to grow.

[wmcorless]

Mr. Corless  

Thank you for your quick response, I was just looking for information.  
One more question, if you sold the domain name and the rights to the coin to Saul, who owns the new www.paccoinofficial.com website, and what is this for?  I am confused.
Which site to I go to download the wallet for Pac coin?  Are the wallets from the 2 different sites the same wallet?  Which one is upgraded with the exchanges if the wallets differ?
Thank you for the information you have provided.  

I own Paccoinofficial.com

As far as I'm concerned you can use either one at this point the only difference right now is the logo.

However since I'm not in control of the development of paccoin.net I am very concerned about the coins going in different ways in the future.

[breakcrypto]

Forks occur all the time even with bitcoin, when a block is rejected by the network it is a fork.
"Reorganize" is what you see in debug.log that will tell you how many blocks are dropped and the chain reorganizes. This is normal with all coins.
Your patch does not respect this process and simply lets the blocks accumulate causing a rejected block to continue to grow.

The blockchain grows by height, the height controls the chain. If someone had enough hashing power the higher chain wins, that's how the blockchain works. Your chain is eating itself alive because it's based on a broken calculation of trust. Regardless, I don't care -- it's broken, I posted proof it was broken, everyone knows it's broken and I'm just wasting time talking about it.

Anyway, what I want to know is:

please explain to me again how the patch I submitted magically went back in time and broke you broken coin.

I'm still curious cause that wasn't a false statement right?

[wmcorless]

Not interesting coin, SHA256 is the same BTC. Why don't have any pools for POS or the POW phrase had already ended that no necessary of pool?

The reason is we don't want to encourage mining the coins.
Besides PoS overrules PoW which causes the difficulty to go lower. There is no need for pools. The reason bitcoin and other sha256d coins went to pools is the difficulty would rise so high you need a pool to get any block reward.

With Paccoins proof of stake you get huge rewards. So the incentive is to buy the coins.
No other coin pays like paccoin.

[wmcorless]

Forks occur all the time even with bitcoin, when a block is rejected by the network it is a fork.
"Reorganize" is what you see in debug.log that will tell you how many blocks are dropped and the chain reorganizes. This is normal with all coins.
Your patch does not respect this process and simply lets the blocks accumulate causing a rejected block to continue to grow.

The blockchain grows by height, the height controls the chain. If someone had enough hashing power the higher chain wins, that's how the blockchain works. Your chain is eating itself alive because it's based on a broken calculation of trust. Regardless of the pac chain.

Please explain to me again how the patch I submitted magically went back in time and broke you broken coin. I'm still curious cause that wasn't a false statement right?

You are still missing the point. This is a proof of stake blockchain. Read Peercoins white paper to understand what proof of stake is about.

[breakcrypto]

Forks occur all the time even with bitcoin, when a block is rejected by the network it is a fork.
"Reorganize" is what you see in debug.log that will tell you how many blocks are dropped and the chain reorganizes. This is normal with all coins.
Your patch does not respect this process and simply lets the blocks accumulate causing a rejected block to continue to grow.

The blockchain grows by height, the height controls the chain. If someone had enough hashing power the higher chain wins, that's how the blockchain works. Your chain is eating itself alive because it's based on a broken calculation of trust. Regardless of the pac chain.

Please explain to me again how the patch I submitted magically went back in time and broke you broken coin. I'm still curious cause that wasn't a false statement right?

You are still missing the point. This is a proof of stake blockchain. Read Peercoins white paper to understand what proof of stake is about.

OMG. paccoin is a PoW and PoS coin. You do know the PoW logic is still in there? You can remove it, it's 100% possible. It's sitting there, perfectly usable and being used. HELL, there's a -gen=1 flag to allow the wallet to mine PoW blocks. You also get that PoW pull TX from the mem pool and encode them to the chain and then when PoS overwrites -- that's an issue. Blockchains are supposed to be immutable, not reversable.

But this is a pure PoS coin, is that what you really think paccoin is? Are the PoW blocks just magically appearing from the series of tubes and world of bits that fly around with some pixie dust and troll farts to glue it all together?

Oh wait, here's part of the code (oh shit, more facts -- what has the world come to?):

Code:

if (pblock->IsProofOfWork())
  pblock->vtx[0].vout[0].nValue = GetProofOfWorkReward(pindexPrev->nHeight+1, nFees, pindexPrev->GetBlockHash());

https://github.com/wmcorless/paccoin/blob/af3f893d7740e2a49d9d00832e5f9abccff109c5/src/main.cpp . That's your code base right? Not some mystical breaking fork you keep going on about, right?

Holy goodness, I can't take it. Dude, your coin is broken, your code is in horrible shape, and I didn't break your damn coin and stop telling people I did. It's your broken shit, you own it. I'm done with you, have a great one.

breakcryto

[wmcorless]

OMG. paccoin is a PoW and PoS coin.
breakcryto

So is Peercoin.

[wmcorless]

Holy goodness, I can't take it. Dude, your coin is broken, your code is in horrible shape, and I didn't break your damn coin and stop telling people I did. It's your broken shit, you own it. I'm done with you, have a great one.

breakcryto

No the coin works properly spreading FUD wont work.

[breakcrypto]

Holy goodness, I can't take it. Dude, your coin is broken, your code is in horrible shape, and I didn't break your damn coin and stop telling people I did. It's your broken shit, you own it. I'm done with you, have a great one.

breakcryto

No the coin works properly spreading FUD wont work.

OMG. paccoin is a PoW and PoS coin.
breakcryto

So is Peercoin.

"This is a proof of stake blockchain." Which story are you sticking to Bill? Pick one, pick one...

And a chain the magically drops TX, overwrites blocks, and its total coin count moves around by hundreds of millions of coins at a swing is "working." Stellar, you go with that one. I'm sure all those people complaining about lost TX would agree. I've got a few missing tx myself from your amazing, super-awesome chain.

I'm done talking to you, it's just wasted time of my life I can't get back.

Your shits broke, deal with it like a man and stop blaming others -- especially me. I'm not your whipping boy and don't ever think I am.

Wrong tree, bark somewhere else.

[wmcorless]

The coin works perfectly thank you, your patch causes forks which caused the exchanges to go down.
I think you should go back to the correct version and stop causing these out of sync issues.

[breakcrypto]

The coin works perfectly thank you, your patch causes forks which caused the exchanges to go down.
I think you should go back to the correct version and stop causing these out of sync issues.

Keep talking Bill, all the better for me in the long run. I hope you make a fucking fortune off $PAC's launch because it just makes a libel suit that much more profitable.

[theincrediblevictor]

The coin works perfectly thank you, your patch causes forks which caused the exchanges to go down.
I think you should go back to the correct version and stop causing these out of sync issues.

I'm going to have to second breakcrypto on this. I personally experienced problems with transaction issues and I witnessed the rewind attacks BEFORE the patch was implemented. The patch to fix the wallets was sent to the exchanges by the new devs so our Old Pac coins would get restored, NOT by wmcorless. wmcorless did absolutely nothing and brushed off the problem will the new devs are doing everything to help us. You can see corless's on his previous conversations on the ANN threads. And on Github. Also, the New Dev's are literally going to "give" New Pac to persons who lost their coins due to the wallet and blockchain issues, as long as they have proof. So since I witnessed everything and know the situation and all the facts, I would have to conclude that wmcorless is not being truthful and may be hiding alterior motives. The New Dev's as far as I can see, have been very helpful and generous to everyone.

So I would suggest to everyone to redeem the Old Pac coins to the new devs for Pac Coin Cash and leave this coin to rot in Satan's anus in hell, were it belongs.

[wmcorless]

The coin works perfectly thank you, your patch causes forks which caused the exchanges to go down.
I think you should go back to the correct version and stop causing these out of sync issues.

I'm going to have to second breakcrypto on this. I personally experienced problems with transaction issues and I witnessed the rewind attacks BEFORE the patch was implemented. The patch to fix the wallets was sent to the exchanges by the new devs si our Old Pac coins would get restored, NOT by wmcorless. wmcorless did absolutely nothing and brushed off the problem. You can see it on his previous conversations on the ANN threads. And on Github. So since I witnessed everything and know the situation and all the facts, I would have to conclude that wmcorless is not being truthful and may be hiding alterior motives.

So I would, suggest everyone to redeem the Old Pac coins to the new devs for Pac Coin Cash and leave this coin to rot in Satan's anus in hell, were it belongs.

The rewind attacks as you call them only occur when you are mining the coins, and a proof of stake comes through and orphans the mined blocks. Of course I understand this is discouraging to those mining, but that is how this coin operates. There is less incentive to mine the coins "by design".

This coin uses proof of stake as its security model. Coin age is the basis for which coin wins. The patch as you describe it is nothing more than a major problem. It allows mined blocks that the network rejected to stay in play and allows the forks to grow. This causes havoc on the network because coins that are generated on forks do not transmit to the correct blockchain, and will disappear. If you want your coins to not disappear, use the authorized version of the program pls.

I think most of this negativity is being spread by those who want to encourage people to dump their paccoin for paccoin cash. Its not necessary to trash a coin to get people to invest in another coin. I'm sure Dash is a good coin, and I'm sure Paccoin Cash will be a good coin too.
I don't think any coin can compare to Paccoin's proof of stake model.