[ANNOUNCE] paccoin a new SHA256D coin is being introduced

[mybuddylucifer]

wmcorless is not the dev. The patch was sent by the new devs. Corless is just trying take control of the old coin back by causing confusion.

No that is not true, I am the only developer for paccoin. the new developers are trying to use paccoin for paccoin cash. I am concerned that they do not have paccoins best interest at heart.

And as an investor, I am concerned that you don't have MY best interests at heart.

The new devs literally flew and met personally with Cryptopia to initiate the swap. If they're not the true devs they shouldn't be able to do that. And they have the legal rights to Pac Coin, which you gave up. So you are not the Dev.

Just to be fair, Jeffrey who visited cryptopia (again, not sure if it really happened or not as cryptopia is kind of quiet about it) is not one of the devs, he's the admin of that discord channel, i think he lives in auckland new zeland

[DOGEbubble]

wmcorless is not the dev. The patch was sent by the new devs. Corless is just trying take control of the old coin back by causing confusion.

No that is not true, I am the only developer for paccoin. the new developers are trying to use paccoin for paccoin cash. I am concerned that they do not have paccoins best interest at heart.

And as an investor, I am concerned that you don't have MY best interests at heart.

The new devs literally flew and met personally with Cryptopia to initiate the swap. If they're not the true devs they shouldn't be able to do that. And they have the legal rights to Pac Coin, which you gave up. So you are not the Dev.

Words such as these are more misleading then anything else:  So you are not the Dev
He has repeatedly told us that he is developer of the coin, which is true, and
he is not the developer of PACCASH ($PAC).  

ps: I am posting this is due to the fact that it takes weeks for me to start to understand what's going on. It would be problematic for any newbies coming here for quick answers.

[mybuddylucifer]

wmcorless is not the dev. The patch was sent by the new devs. Corless is just trying take control of the old coin back by causing confusion.

No that is not true, I am the only developer for paccoin. the new developers are trying to use paccoin for paccoin cash. I am concerned that they do not have paccoins best interest at heart.

And as an investor, I am concerned that you don't have MY best interests at heart.

The new devs literally flew and met personally with Cryptopia to initiate the swap. If they're not the true devs they shouldn't be able to do that. And they have the legal rights to Pac Coin, which you gave up. So you are not the Dev.

Words such as these are more misleading then anything else:  So you are not the Dev
He has repeatedly told us that he is developer of the coin, which is true, and
he is not the developer of PACCASH ($PAC).  

ps: I am posting this is due to the fact that it takes weeks for me to start to understand what's going on. It would be problematic for any newbies coming here for quick answers.

hey man, per your experience, have you heard of exchange perform this kind of "coin redemption" before?  I'm digging through the web, can't find any event similar like this one

[Santibanes]

I want to ask one question concerning the swap. What ratio will this swap be? Because we have 3.4trillion coin and if swapped 1/100 that will give us 34billion. Now the current price is around 0.00005$ with market cap of about 170million. My question now is "after the swap, assuming it is swapped 1/100 giving us around 34billion, will the price be up to 0.005$/PAC to give us the 170million which is our current market cap?

Lets say I own 10 million PAC and the price of PAC is 1 dollar, this means I own 10 million dollars worth of PAC. After the fork the total supply of PACcoin will be reduced by 1000x this means I only have 10,000 new PACcoins.

THE PRICE OF A COIN = Total market cap / the amount of PACcoins in supply. Therefore assuming that the market cap remains the same at the time of the fork then the price of each PACcoin will increase by 1000x to 1,000 dollars to match the new supply/demand.

I will own the same slice of the pie and even though I have a reduced amount of coins. They hold the same USD value. My 10,000 new PACcoins are still worth 10 million dollars. Did this help?

[Santibanes]

Website
https://paccoin.net/

BLOCK EXPLORER
http://paccoinexplorer.com/

US BLOCK EXPLORER
http://paccoinexplorer.us:3001/

Discord
http://discord.me/pac

Facebook
https://www.facebook.com/PacCoinnet-Developers-154089945202759/
https://www.facebook.com/groups/923244864518299/

Steemit
https://steemit.com/@saul.wolf

Reddit
https://www.reddit.com/r/paccoin/

Twitter
https://twitter.com/Paccoinofficial

Instagram
https://www.instagram.com/pac_coin/
https://www.instagram.com/pac_announcement

[Jaycee_nl]

PACcoin update

To avoid confusion about PAC let me explain: the current PAC coin was an abandoned project created by wmcorless long ago. This coin has a broken chain and other severe problems, and can not compete with other coins at all. At the end of 2017, a new development team (the current team) picked up this abandoned PAC project with agreement of mr wmcorless. This can be seen here:

I've been talking with the new developers. I believe they have some great ideas, and can improve the value of the coin. So I'm going to Pass the Baton if you will and let them take the coin over. I think they can do a great job.
Bill

The new team is doing a great job, and currently working hard to solve the issues.  This solution is actually a new PACcoin that will be launched Feb 1 for masternodes, and March 1 for all others. The new PACcoin is a big improvement compared to the current PACcoin, that is actually useless. Because of the developments of PAC and the upcoming new PACcoin, the price of the current (old) PAC did already rise quite a lot very recently. And guess what: the creator of PAC showed up again. That is all fine, but please keep in mind that the only official channels of the new development team are these:

https://twitter.com/paccoinofficial
www.paccoin.net

There are other websites and twitter channels that are using the name PAC. These are not related to the team working on the new PAC.
Information concerning the change of your current PAC into the new PAC can be found here: https://paccoin.net/wp-content/uploads/2018/01/Fork_Redemption_Guide.pdf

The wallet for the new PACcoin will be released soon, keep a close eye on the internet sites that I just mentioned.

[planemoCC]

Ok so currently i have pac wallet on mine machine(ubunu 16.04) and i`m trying to install the new wallet, but the problem is that the old one is already created .paccoin folder, so by installing new one, i`ll override this folder which will be a problem. Does anyone facing this problem, or if its not can you give some contact to ask somewhere :?

[theincrediblevictor]

PACcoin update

To avoid confusion about PAC let me explain: the current PAC coin was an abandoned project created by wmcorless long ago. This coin has a broken chain and other severe problems, and can not compete with other coins at all. At the end of 2017, a new development team (the current team) picked up this abandoned PAC project with agreement of mr wmcorless. This can be seen here:

I've been talking with the new developers. I believe they have some great ideas, and can improve the value of the coin. So I'm going to Pass the Baton if you will and let them take the coin over. I think they can do a great job.
Bill

The new team is doing a great job, and currently working hard to solve the issues.  This solution is actually a new PACcoin that will be launched Feb 1 for masternodes, and March 1 for all others. The new PACcoin is a big improvement compared to the current PACcoin, that is actually useless. Because of the developments of PAC and the upcoming new PACcoin, the price of the current (old) PAC did already rise quite a lot very recently. And guess what: the creator of PAC showed up again. That is all fine, but please keep in mind that the only official channels of the new development team are these:

https://twitter.com/paccoinofficial
www.paccoin.net

There are other websites and twitter channels that are using the name PAC. These are not related to the team working on the new PAC.
Information concerning the change of your current PAC into the new PAC can be found here: https://paccoin.net/wp-content/uploads/2018/01/Fork_Redemption_Guide.pdf

The wallet for the new PACcoin will be released soon, keep a close eye on the internet sites that I just mentioned.

And there you go. You can go to the page and find it yourself. I even screenshoted it. WMCorless is not the Dev of Pac Coin anymore. His very own words. He "passed the project on" to the New Devs and "let them take over" the project. He gave up rights to the project and can't legally take it back.

Now that his dishonesty has been exposed, let Pac Coin move on.

Mr. Corless, you will always have the honor of being the Founder of Pac Coin. Be satisfied with that and move on because all you are doing is hurting your own project that you've started.

[Everglow]

I own 1m PAC on Cryptopia and till now they still close LTC and Doge market. And it's ridiculous that i can't sell PAC because there is no Buy order and a huge sell order at 1sts 
I hope after swapping i can sell it 

[rendravolt]

wmcorless is not the dev. The patch was sent by the new devs. Corless is just trying take control of the old coin back by causing confusion.

No that is not true, I am the only developer for paccoin. the new developers are trying to use paccoin for paccoin cash. I am concerned that they do not have paccoins best interest at heart.

And as an investor, I am concerned that you don't have MY best interests at heart.

The new devs literally flew and met personally with Cryptopia to initiate the swap. If they're not the true devs they shouldn't be able to do that. And they have the legal rights to Pac Coin, which you gave up. So you are not the Dev.

The Dev works really well, whatever they do is only those who know what's best, so we leave it to dev. Hopefully there will be the best way for everything.

[OrzoCoins27]

So again my wallet has encountered another issue and has vanished off my pc. This time its not the quarantine issue as I was able to figure that out already but now that doesn't fix the problem. I had added that Mega Wallet or Cloud to my files and it seemed to work faster but now nothing is working. My back up files do nothing, my extract all does nothing, my ex file does nothing and I have no wallet on my pc. I am not dealing with these issues with any other wallet and obviously getting nervous as Ive been staking my coins on that wallet since Jan. 2nd. Not sure if anyone else is having this issue and any recommendations on how to fix. I'm afraid to delet everything and start fresh as then where will my coins be. Too much invested to loose.

Any advice is really appreciated.

Thanks,

[darkpardss]

everytime i open my wallet it reset. it keeps on syncing. thus devs really doing to make the wallet faster. 

[bottlecapper]

So do things start to look up come February for this coin? I read some of the recent posts and despite the argue about eggs and chickens is there light at the end of this tunnel?

[Magic32]

Each masternode requires 500 million old PACcoins.

500m x $0.00007=$350 000
 
Are you serious!?

You may redeem multiple masternodes if you wish

[DeKingCrypto]

I want to ask one question concerning the swap. What ratio will this swap be? Because we have 3.4trillion coin and if swapped 1/100 that will give us 34billion. Now the current price is around 0.00005$ with market cap of about 170million. My question now is "after the swap, assuming it is swapped 1/100 giving us around 34billion, will the price be up to 0.005$/PAC to give us the 170million which is our current market cap?

Lets say I own 10 million PAC and the price of PAC is 1 dollar, this means I own 10 million dollars worth of PAC. After the fork the total supply of PACcoin will be reduced by 1000x this means I only have 10,000 new PACcoins.

THE PRICE OF A COIN = Total market cap / the amount of PACcoins in supply. Therefore assuming that the market cap remains the same at the time of the fork then the price of each PACcoin will increase by 1000x to 1,000 dollars to match the new supply/demand.

I will own the same slice of the pie and even though I have a reduced amount of coins. They hold the same USD value. My 10,000 new PACcoins are still worth 10 million dollars. Did this help?

The question raised by @MOProgress is a very nice question. So if you say 1000:1 it mean we will have only 3.4billion then for us to get 170million market cap it means the price of PAC will be 0.05$ right? But what is the possibility that the price will start from 0.05$?

[Santibanes]

Thanks for the kind words, and I don't have the final say, the exchange has the final say. I don't think the patch solves anything, unless you want to mine paccoins without getting orphans.
See what these people don't understand is the point of proof of stake. (Read Peercoins whitepaper on this.) The idea of proof of stake makes so much sense.
If you own a lot of paccoin, you have a stake in it. If you don't have paccoin not so much.
Another point is Proof of Work PoW networks are subject to 51% attacks. Proof of stake (PoS) aren't. Their idea is to give miners a way to override proof of stake users. So if you implement their code, you can forget ever getting any proof of stake because the miners will overrule you, and you get nothing but orphans. They're turning paccoin on its head.
Another benefit of the current design is there is less incentive to mine paccoin, and more incentive to buy it on the exchanges. This drives up the value.
Their idea is pump and dump.
My idea is buy and HODL.

I'll leave it to the rest of you to decide which is best.

Bill, I on personal experience will help people understand what is best.
When POS coins come, confirmed by the network have more than 600 confirmations at one point become orphans, and this has been going on for a long time.
 My opinion is that the code is specially registered so that coins are received by someone one and not by investors. This coin will not give you the opportunity to earn interest on POS because its code is broken and earns only those under whom the code is written.
 I'm not talking about investing in a few million, I have more than 11 milliards and even I get only orphans.
And if it were not for a new team, I would not spend a cent on this coin. Proceeding from all told I will translate all in new $ PAC and I will fairly receive the percentages from master-nodes.
 And your coin depreciates as it is broken and the price will depend only on the repurchase policy for the new $ PAC, I remind you that this is:

Mar 1st 2018 - Public coin redemption begins 1000: 1 PAC -> $ PAC
June 1st 2018 - 1st redemption window closes 2000: 1 ratio
Sept 1st 2018 - 2nd redemption window closes 4000: 1 ratio
Dec 1st 2018 - 3rd redemption window closes 8000: 1 ratio

photo with screenshots attached

https://www.imjpg.com/18/20180125134047333-p.html

https://www.imjpg.com/18/20180125134325410-p.html

https://www.imjpg.com/18/20180125134434015-p.html

[erhanstein]

how do i mine this coin ?
 
Where can I buy it? which exchange website ?

How can I download  wallet? i need link.

[wmcorless]

hey man, per your experience, have you heard of exchange perform this kind of "coin redemption" before?  I'm digging through the web, can't find any event similar like this one

Apparently Nova Exchange offered this service before. The idea is that if a developer has a new coin and wants to end his old coin, he asks the exchange to perform the swap.

As the swap goes the old coin is ended, and the new coin proceeds.

The difference here is the old coin Paccoin is not going to end because I'm not letting that happen. I was told that Paccoin wasn't going to die, but when I go to the paccoin redemption site, it appears that they want to go from old pac to new pac. This is troubling because that is not what Saul told me. If Saul wants to simply offer a RCO a redemption coin offering as he calls it, so that people buy paccoin and use it to buy another altcoin such as paccoin cash, thats fine by me. But I didn't agree to him using the Paccoin name for a new coin. If he wants to call it paccoin cash and use the name $PAC again I have no problem with this.
I just cant have him calling his new coin paccoin.

[wmcorless]

how do i mine this coin ?
 
Where can I buy it? which exchange website ?

How can I download  wallet? i need link.

You can mine by mining your own wallet. However it is difficult to get a mined block now, so we recommend you buy them.

Yobit.net and Cryptopia are not up yet.
I recommend tradesatoshi for now.
You can download a wallet at paccoinofficial.com

[erhanstein]

how do i mine this coin ?
 
Where can I buy it? which exchange website ?

How can I download  wallet? i need link.

You can mine by mining your own wallet. However it is difficult to get a mined block now, so we recommend you buy them.

Yobit.net and Cryptopia are not up yet.
I recommend tradesatoshi for now.
You can download a wallet at paccoinofficial.com

I downloaded it before from paccoin.net  . can i cancel it?   https://wallets.paccoin.net/#windows 

https://www.imjpg.com/a/uploads/2018/01/25/20180125141322998.jpg