[ANNOUNCE] paccoin a new SHA256D coin is being introduced

[theincrediblevictor]

Whitepaper expected for Feb. 1st.

Coin redemption to Pac Cash begins Feb. 1st for masternode holders.

Redeem 500 million pac and you'll be a masternode owner.

Price is cheap so I better jump on top of this now.

[darkpardss]

Buy the rumors, sell on news. 

[theincrediblevictor]

Buy the rumors, sell on news.  

It works as long as the rumors are true. We'll just have to see on Feb. 1st.  

[Plof87]

I am still doubting to buy PAC coin.. The trading volume on Cryptopia is still o% and I am afraid that when I buy them now and they reduce the max supply coins by 1000x, won't you loose a lot of money? Because what happend with B3 when they reduced it by a 1000x, the coins were right away worth half of my money (Iwent from 643k coins to only 643.. Can someone give me a proper explenation how that works? Thanks in advance..

[theincrediblevictor]

I am still doubting to buy PAC coin.. The trading volume on Cryptopia is still o% and I am afraid that when I buy them now and they reduce the max supply coins by 1000x, won't you loose a lot of money? Because what happend with B3 when they reduced it by a 1000x, the coins were right away worth half of my money (Iwent from 643k coins to only 643.. Can someone give me a proper explenation how that works? Thanks in advance..

I am still doubting to buy PAC coin.. The trading volume on Cryptopia is still o% and I am afraid that when I buy them now and they reduce the max supply coins by 1000x, won't you loose a lot of money? Because what happend with B3 when they reduced it by a 1000x, the coins were right away worth half of my money (Iwent from 643k coins to only 643.. Can someone give me a proper explenation how that works? Thanks in advance..

Of course Cryptopia volume is 0%. They closed the markets in preparation for it's on-exchange redemption and switch to Pac Cash. You can still by the current coin at Yobit or Tradesatoshi. If you're planning on participating in the redemption, just make sure come Feb. 1st you transfer it to you desktop wallet so that the New Devs can automatically redeem them for you.

DO NOT buy PAC with BTC. Buy it w/alts and you'll get more than twice as much. Some traders have been buying with alts & selling for BTC for 2x's profit. But it's a long wait before those buying with BTC (God knows why they buy with BTC) reach your buy orders.

At least Pac cash will eliminate the inherent price discrepancy between BTC and Alt markets.

[theincrediblevictor]

FINALLY!!! MY DEPOSIT CAME THROUGH!!!

THANKS NEW DEVS & YOBIT!!!  

I really hope everything turns out ok for everyone else. I'm sure they will. 🙏

(Hopefully PAC is cheap enough now for me to get more.)

[DOGEbubble]

I am still doubting to buy PAC coin.. The trading volume on Cryptopia is still o% and I am afraid that when I buy them now and they reduce the max supply coins by 1000x, won't you loose a lot of money? Because what happend with B3 when they reduced it by a 1000x, the coins were right away worth half of my money (Iwent from 643k coins to only 643.. Can someone give me a proper explenation how that works? Thanks in advance..

The price is more or less related to how people are willing buy or sell at a certain price.

After the 1:1000 PAC-->$PAC reverse split,

Because the PAC has had a gigantic jump in price of more than 1000x over the past few months, it would take at least a couple of months for the market to "digest" the feast.

Those who bought old PAC at 1 satoshi would not want to sell it at below 1000 satoshis/new $PAC; however, whoever bought old PAC at 0.6-0.7 satoshis (through the PAC/DOGE trading pair) would be willing to sell the New $PAC at 800 satoshis/new $PAC.

In short, nobody can prevent any downward pressure due to this "sell on the news".
                  Wait a minute, did I say sell on the news? Yes, PAC was brought to my attention by the news. 100% certainty.

But It won't be too long for $PAC to gain values as more developments for the $PAC come.

[mybuddylucifer]

FINALLY!!! MY DEPOSIT CAME THROUGH!!!

THANKS NEW DEVS & YOBIT!!!  

I really hope everything turns out ok for everyone else. I'm sure they will. 🙏

(Hopefully PAC is cheap enough now for me to get more.)

Still stuck here

[theincrediblevictor]

FINALLY!!! MY DEPOSIT CAME THROUGH!!!

THANKS NEW DEVS & YOBIT!!!  

I really hope everything turns out ok for everyone else. I'm sure they will. 🙏

(Hopefully PAC is cheap enough now for me to get more.)

Still stuck here

Sorry to hear that man.....there's a still plenty of time though. Even if that fails you can still make a claim to the New Devs and they will replace your coins with $PAC at the redemption rate. Just have proof in handy if it ever comes to that.

It's really kind of the New Devs to set up that arrangement for those of us suffering through deposit issues with Old Pac.

Hopefully the New Pac will work out much much better. The masternode system should end up being a vast improvement in my opinion.

[cryptoknight_]

We will be starting a new Bitcointalk thread on Feb 1st for the new $PAC.  Sorry I don't have time to be here regularly - we will be here more on Feb 1st.  Our main support channel is Discord.  There is also a helpdesk starting next in a few days as well.  My inbox is unmanageable.

Please apply the link to the new thread on the first page of this thread so everyone can easily find it. Thanks in advance.

[Manswers]

Any idea when this is gonna be fixed on cryptopia?
Still getting this error. I am worried about 1st feb, what if i am not able to transfer the coins to my desktop wallet?

Reason: 21/01/18 - Investigating Deposit issues. Rebuilding wallet. Rough ETA 3-4 days.

[theincrediblevictor]

Any idea when this is gonna be fixed on cryptopia?
Still getting this error. I am worried about 1st feb, what if i am not able to transfer the coins to my desktop wallet?

Reason: 21/01/18 - Investigating Deposit issues. Rebuilding wallet. Rough ETA 3-4 days.

The New Devs have arranged an on-exchange redemption with Cryptopia. The current PAC wallets will not be fixed there. I believe Cryptopia will automatically replace your PAC w/ $PAC at the redemption rate. You can check the Reddit page for more info.

[theincrediblevictor]

You dont understand anything what i wrote. FOOL.

Hahahahha.   Yeah you are right. I didn't understand this:

The new Paccoin must be Worth 1000$ to be the same as before..
because you have to give almost all of your coins..

But I am sure you gonna explain us. 1000$ to be same as before???
So please explain me!  

stupid fool.

if you have 10 Million Paccoins.
if the fucking chart would go up to 1$
this Paccoins would be worth: 10 Million $
OKAY?! CLEAR?

But, because of the Paccoin Swap with 1000:1 Ratio.
You have to give all this Paccoins for 10 thousand New Paccoins.

This Means, this Paccoins. Will of cours 99% never be worth 10 Million again. (Yes, its possible but, thats the problem.
after the Swap.. you will have only 10 Thousand coins. So for the same Price/ Worth.. one Paccoin should be worth 1000$
and this 10 Thousand Paccoins would be worth 10 Million $.
Its just a simple logic thing. I was total clear.

(But you and others couldnt understand this..)= HOW is that possible

Yeah my english is not so good? try to speak german.

It doesnt even have to be 1$ but, if this would happend... thats it.
this is what i mean. its total clear for some people with a Brain.
it was just a easy (calculation) if: "what would happend if the price for paccoind would be worth ..
and after the Swap.. etc etc etc.. i hope you know what the SWAP will be!!! Read the Paccoin News.

Everything is possible. So 1 Paccoin could be worth 1$.
But if you have to give all this Paccoins for a new Paccoin.
(1000:1) this Paccoins are only worth about 10 Thousand $
if the Chart would be at 1$

oh thats so easy to understand, even if my english is bad.
Yeah i could use a little bit mor Google Translation to make sure that this text would be "better"
but google does make some Mistakes too.

its total clear. If you cant understand this.. im sorry for you.

Your logic & math makes absolutely no sense.

PAC will be redemed for $PAC cash at 1000:1 ratio as we all know.

1 Pac coin is not worth $1. It is worth around $0.00006. It says so on the charts.

After swap $PAC should be worth $0.06 Due to the 1000x's lower max supply.

People will have 1000x's less $PAC than regular PAC but due to lower max supply, $PAC value worth 1000x's more than regular PAC. So, overall value of wallet balance remains the same in USD. So it all pretty much evens out in the end.

Value of $PAC may further increase depending on demand  factors such has: # of masternode holders, exchange listings, if it takes hold, etc.

[DOGEbubble]

You dont understand anything what i wrote. FOOL.

Hahahahha.   Yeah you are right. I didn't understand this:

The new Paccoin must be Worth 1000$ to be the same as before..
because you have to give almost all of your coins..

But I am sure you gonna explain us. 1000$ to be same as before???
So please explain me!  

Okay:

if you have 10 Million Paccoins.
if the chart would go up to 1$
this Paccoins would be worth: 10 Million $
OKAY? CLEAR?

But, because of the Paccoin Swap with 1000:1 Ratio.
You have to give all this Paccoins for 10 thousand New Paccoins.
So, this means, you dont have this 10 Million Paccoins any more.

This Means, this Paccoins. Will of cours 99% never be worth 10 Million again. (Yes, its possible but, thats the problem.
after the Swap.. you will have only 10 Thousand coins. So for the same Price/ Worth.. one Paccoin should be worth 1000$
and this 10 Thousand Paccoins would be worth 10 Million $. But now at this moment, it mus only Reach 1$ to make some Millions $.
Its just a simple logic thing. I was total clear.

(But you and others couldnt understand this..)= HOW is that possible


It doesnt even have to be 1$ but, if this would happend... thats it.
this is what i mean. its total clear for some people with a Brain.
it was just a easy (calculation) if: "what would happend if the price for paccoind would be worth ..
and after the Swap.. etc etc etc.. i hope you know what the SWAP will be!!! Read the Paccoin News.

Everything is possible. So 1 Paccoin could be worth 1$.
But if you have to give all this Paccoins for a new Paccoin.
(1000:1) this Paccoins are only worth about 10 Thousand $
if the Chart would be at 1$

oh thats so easy to understand, even if my english is bad.
Yeah i could use a little bit mor Google Translation to make sure that this text would be "better"
but google does make some Mistakes too.

its total clear. If you cant understand this.. im sorry.

I am damn sure. Most of your "If's" (including the last one) would never happen.  

[Aktarus]

HAHAHAHA. REALLY?=
Of course one Paccoin is not 1$ at this moment.
It was a calculation. And what would happend if the Price would be 1$ etc etc etc..
the Price after Swap will probably not be 0.06.... (maybe later) Later later...maybe im wrong with this, thats okay.
But the other thing is a total difrent story.. and yep im total right. But some people dont understand this.

Its too easy, and other people will probably see this people "unable" to understand such easy "math"..

OK! First I am not a stupid fool. I am a computer scientist...

Secondly:
The PRICE OF A TOKEN IS NOT RELATED TO ANYTHING BUT THE MARKET CAP OF THE PROJECT!

In other word: price of the token = MARKET CAP / NB OF TOKENS

What does that mean:
The market cap of the pac actually is  $175 712 931 USD .
If there is 3 000 Billion pac then the price of 1 pac = 175 712 931$ / 3 000 000 000 000 = 0.000058$

then if the number of tokens is divided by 1000 then automatically the price of the token will be X1000. So:
If there is 3 Billion pac then the price of 1 pac = 175 712 931$ / 3 000 000 000 = 0.058$


Now you said:

if you have 10 Million Paccoins.
if the fucking chart would go up to 1$
this Paccoins would be worth: 10 Million $

Do you how much should be the market cap of the pac to reach $1???
$3 000 billions or $3 Trillions!!
Six times the Total Market Cap of ALL CRYPTOS including Bitcoin!!!

Conclusion: The price of the pac is not "directly" related to the supply number of coins but to the Market CAP of the Pac project!


With only 3 billion coins, the pac project will be more ATTRACTIVE to the investors then the price will go up.

ps: You are so ridiculous! Stop laughing and thinking you are smart especially when you make big maths mistakes like this, everybody is laughing by reading your statements!

[mybuddylucifer]

OK! First I am not a stupid fool. I am a computer scientist...

You are not only a computer scientist (they still exist?), you are a very patient person to go through all that typing.

Good job.

[revazishvilz]

hi guys,
can anybody advise, a have some Pac on Cryptopia, what will happen on February or March if I just leave them there. will I lose them?

[alfaisal890]

I am confused to see the debate about pac that will do redeem, I still hesitate also to buy this coin, anyone can explain simply about this redeem system?

[theincrediblevictor]

hi guys,
can anybody advise, a have some Pac on Cryptopia, what will happen on February or March if I just leave them there. will I lose them?

Cryptopia will automatically redeem them for $PAC at the redemption rate in your behalf.

[theincrediblevictor]

I am confused to see the debate about pac that will do redeem, I still hesitate also to buy this coin, anyone can explain simply about this redeem system?

Basically it's this:

Current version of PAC has 3 trillion max supply. The New Devs decided to create a better coin, Pac Cash, a fork off of Dash, with 3 billion max supply, about 1000x's less max supply than PAC, w/ masternodes.

On Cryptopia, there will be an on-exchange redemption where the exchange will automatically convert PAC balances to $PAC at 1000:1 ratio based on the new max supply of $PAC.

Everyone else, they'll have to follow the instructions at Pac Coins official site, https://paccoin.net, or Reddit. I think it involves putting your PAC in the new wallet, but just follow the instructions. After following the directions, the New Devs will redeem you $PAC at 1000:1 ratio.

Redemption starts Thursday beginning with Masternode holders I believe (those with balances of 500 million PAC or above). Their 500 million PAC will be converted to 500,000 $PAC, the minimum amount to own a masternode.