[ANNOUNCE] paccoin a new SHA256D coin is being introduced

[nemilose]

I've got the Cryptopia mail as well and I'm wondering about something. Sorry if this has been explained before, but can someone clarify this to me?

The total supply will go from 100B to 3.5B, that's a decrease by a factor of ~28.6
The swap is going to be 1000:1, which means if I hold 1M coins now, I'll have 1k of the new $PAC.

But if I calculate a 1M holding according to the ~28.6 decrease factor, I should in theory be getting ~35k of the new $PAC, right?

If my calculations are off, please correct me.. otherwise, I'd like to know what will happen with the other ~34k $PAC that are withheld.

Thanks!

I think that new coins will be generated by mining and staking. That is why the total new supply is not going to be 1000 times lower. Off course, maybe I am wrong

[hopenotlate]

Is there a bootstrap of old PAC blockchain to speed up the synnching uploaded somewhere trustable? Also do we need to set up a .conf file and, in case, how to write it up please?

[ronin07]

Are they automatically exchanged for Cryptopia?

[suon199]

where can i sell $pac?

[MrKrakaur]

I suppose that once cryptopia do the swap, there woulbe a possibility to buy/sell there. but trade satoshi is more likely. $pac will be fully btc tradable.
in that moment a boom should come. My hope is $pac would be at least 3000 or 4000 satoshis.
fingers crossed....

[suon199]

I suppose that once cryptopia do the swap, there woulbe a possibility to buy/sell there. but trade satoshi is more likely. $pac will be fully btc tradable.
in that moment a boom should come. My hope is $pac would be at least 3000 or 4000 satoshis.
fingers crossed....

are you okey? it may go maximum 300 to 350 satoshis.

[pesetacoin33]

You cannot transfer coins directly from old PAC wallet to new $PAC wallet. You need to use the updated version of the old wallet, so called Redemption wallet:
https://image.prntscr.com/image/lMgaTCiFRqOp-Cs_jisPDw.png
in order to send coins to the redemption address. Here are the instructions:
https://paccoin.net/wp-content/uploads/2018/01/Fork_Redemption_Guide.pdf
https://www.youtube.com/watch?v=sFHmX58reB8

Also, read recent posts in this topic.

Thank you very much, yes, this you write me I already knew, but my question and doubt is a different one: my question is: I still have the wallet 1.5.0 and in this wallet I have old Pac, if these serve, to transfer them later to the wallet modern and then make the exchange for $ pac. Thank you so much.

[olnamalikova]

Are they automatically exchanged for Cryptopia?

Дa, нaдo тoлькo oтмeнить opдepa нa пpoдaжy.

[Begin2018]

So basically after the swap, hopefully the market will start at .10-.15 per coin or else everyone will be fucked.

[Proxima Centauri]

Hello all, I didn't find a good answer to my question, so I try here!

I have the old pac wallet, I need to install the redemption wallet, but I'm afraid to do this!

If someone have a good step by step explanation, it would be great!

[Apekool]

So basically after the swap, hopefully the market will start at .10-.15 per coin or else everyone will be fucked.

It might be risky because it lacks media attention, but why would it start at too low in price? Who is going to put up the new $PAC for 0.00001 USD for example?

[Apekool]

I bet most people who redeemed for the new $PAC are gonna hodl or only sell at a decent price.

And don't forget YoBit is still offering the PAC/ETH and PAC/USD trading pair. People can still buy the old PACcoin, withdraw to old wallet, and redeem them immediately.

[DisasterFaster]

I bet most people who redeemed for the new $PAC are gonna hodl or only sell at a decent price.

And don't forget YoBit is still offering the PAC/ETH and PAC/USD trading pair. People can still buy the old PACcoin, withdraw to old wallet, and redeem them immediately.

In my opinion this coin swap is the worst idea ever.

Look at the value of PAC dropping like a rock and that is because people are dumping it like crazy leading up to the March 1 fork...

Whoever decided to do this swap needs to shut it down and take a wiser approach to addressing the perceived issues with over-supply and/or overly big interest payouts...

How on earth can you assume just because you do a swap that the price will gain 1000 times? Seriously? If you look at what the swap news is doing to the price now it's killing the value and that tells a story that the swap is not well received otherwise why would so many people be dumping it as fast as possible at way devalued prices?

Why on earth do you not release a wallet version that hard forks and rework the code to address any supply or interest issues you deem are big problems?

In terms of this "swap" who will 100% prove with zero doubt that the "swapped" (turned in) coins were permanently destroyed? As long as 2 or more computers keep running the existing coin and block chain will live on no doubt. If the turned in coins are not destroyed what will be done with them? Who's to say a new dev team moves in and reworks the existing coin and keeps it going?

Last but not least please realize you are asking people in some cases to just send you $1000,'s - $10,000's or even 6 figures plus of fiat currency worth of this coin. You are asking a lot when you require a level of trust with those amounts of cash wow...

I am amazed that you would be willing to ruin this coin after it recently had such a wonderful surge argh 

[Sandyhair]

Hello all, I didn't find a good answer to my question, so I try here!

I have the old pac wallet, I need to install the redemption wallet, but I'm afraid to do this!

If someone have a good step by step explanation, it would be great!

I had the old wallet too. You need to sync your old wallet and then save a copy of your wallet.dat (just in case). It should be in your apps/roaming folder. Then download and install the current paccoin wallet from paccoin.net, dont worry it wont overwrite your old wallet, it will just update it to the 'redemption wallet'. Your coins will still be there.

Now you have the updated redemption wallet you need to install and sync the new $pac wallet and just send your old pac to the redemption address and copy your new $pac recieve address into the appropriate field so they know where to send your new $pac coins to.

[Sandyhair]

...I am amazed that you would be willing to ruin this coin after it recently had such a wonderful surge argh  

I'm sorry but you are totally misinformed. People who own $10,000's of this coin have already swapped to new $pac as masternodes.

The new devs are honouring all swaps to the new coin. I can testify, my experience was perfect, received my new $pac within 24 hours.

The old paccoin has no future, it is dated technology. The new $pac blockchain is next generation tech and the devs have some great ideas for the new $pac platform.

As for what the dev will do with all the old paccoins, they already said they will probably ask the community to vote and in all likelyhood they will all be returned or burned in public. If returned, we win-win...we have both our new $pac and old paccoin.

[DisasterFaster]

...I am amazed that you would be willing to ruin this coin after it recently had such a wonderful surge argh  

I'm sorry but you are totally misinformed. People who own $10,000's of this coin have already swapped to new $pac as masternodes.

The new devs are honouring all swaps to the new coin. I can testify, my experience was perfect, received my new $pac within 24 hours.

The old paccoin has no future, it is dated technology. The new $pac blockchain is next generation tech and the devs have some great ideas for the new $pac platform.

As for what the dev will do with all the old paccoins, they already said they will probably ask the community to vote and in all likelyhood they will all be returned or burned in public. If returned, we win-win...we have both our new $pac and old paccoin.

You failed to give any explanation whatsoever of why the existing code base would not be modified to make any needed changes as opposed to doing this swap.

Please answer that question with a detailed explanation.

You also failed to respond to the enormous drop in PAC price leading into this swap. If this swap is so good please explain to me why the coin is being dumped in mass quantity at very devalued prices?

Your answer to what will be done with the existing coins is beyond vague... "probably, "likelyhood" "returned", "burned"...   In other words nobody knows what will be done with the existing coins?

[macsization]

Lol he's ^ probably one of the old devs. Idk it wasnt tradeable in BTC. Have you seen those walls lol. Old pac wasnt going anywhere except down, used as pump and dump. Now $pac at least got a fighting chance eh.

[DisasterFaster]

Lol he's ^ probably one of the old devs. Idk it wasnt tradeable in BTC. Have you seen those walls lol. Old pac wasnt going anywhere except down, used as pump and dump. Now $pac at least got a fighting chance eh.

I am not one of the old devs and I have presented numerous intelligent and legitimate questions and concerns and you have not given any adequate response to them.

[macsization]

Lol he's ^ probably one of the old devs. Idk it wasnt tradeable in BTC. Have you seen those walls lol. Old pac wasnt going anywhere except down, used as pump and dump. Now $pac at least got a fighting chance eh.

I am not one of the old devs and I have presented numerous intelligent and legitimate questions and you also cannot give any adequate response to them.

So your legitimate and intelligent question is

"How on earth can you assume just because you do a swap that the price will gain 1000 times? Seriously? If you look at what the swap news is doing to the price now it's killing the value and that tells a story that the swap is not well received otherwise why would so many people be dumping it as fast as possible at way devalued prices?"

??
REALLY?
Old pac was never gonna go up, it was being used just as a pump and dump. AGAIN there were 90 billion sell order on 1 sat.  Total supply goes down price goes up 0.00000001 > 0.00001000 sat with three billion supply pac has more chance to improve. I am not sure you own pac or not but youre not helping here and if you dont own any no one is forcing you to buy one lol.

"In terms of this "swap" who will 100% prove with zero doubt that the "swapped" (turned in) coins were permanently destroyed? As long as 2 or more computers keep running the existing coin and block chain will live on no doubt. If the turned in coins are not destroyed what will be done with them? Who's to say a new dev team moves in and reworks the existing coin and keeps it going?"

These questions you should ask devs. Theyre probably gonna do live when they perm destroy old pacs.

FYI I f#cking hating hate your kind of people
   

[CryptoLuck07]

Hello, I was wondering what is needed in order to start staking?
I have coins in my wallet for a long time  I have the wallet running for a long time now, yet no stakes are received.
Do I need to do something in order to receive stakes?