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
Your insistence that old pac was never going to go up is dead wrong. In December 2017 it was $0.000000884 USD and on January 6 2018 it was $.000242 USD. Please do the math and admit that is a gain of 27,376 percent and that was the old pac coin no doubt.
Now enter the news of the swap and the coin is plummeting in value because it is being dumped in mass quantity at devalued prices. People who hold this coin would not be dumping it in mass at devalued prices if they had great confidence in this swap. Look at the picture below please:
I appreciate your effort to address my questions but on your first point you present an argument that the coin will go up in value because it will ugh. On the 2nd question you say ask the devs and I have no problem hearing their response on what will be done with the turned in coins. On my other very important question as to why a swap and not a code base rework you have nothing.
Yes I own the coin and I own it big time. Billions and billions of this coin I have owned for a very long time and I have every reason to ask legitimate questions I am a very large stakeholder.
kel-alt Feb 19 - Holy Cow! At peak 1b old PAC was worth about $250k, so you were a millionaire! It was a jaw dropping moment for any holder of a billion or more. I totally understand why you would not want to send what was $100k-$1mln+ worth of coins to some unknown address in care of unknown devs. I had the same problem on a minor scale and so sent a couple small tests first. Then I could not send a large amount because I think the redemption wallet would not integrate properly with old wallet. The tests went slow because they favor larger sends. But after 3 days I have all my new $PAC now.
The new $PAC is a DASH clone which is way superior to the old PAC code. I am excited to be able to have a masternode and you should think about that aspect which did not exist with the old PAC. MN owners earn $PAC, see WP for details. Check and see if DASH MN owners sell off their MNs. I don't think they do. Reading white paper, site blogs, etc. might give you more confidence in the PAC change if you have not done that. There are also about half doz official videos. $PAC is and will be bogged down with the swap for a month or more. I then expect new dev posts and exchanges with $PAC since it will be BTC trade able. I am thinking(hoping) $PAC will reach ATH high again in a month or two, if it takes longer I am OK with that. Next step is figuring out MN set-up. Go $PAC !
PS - I just looked at white paper again and MNs are earning 6-8k block rewards, called 'proof of service'. Depends on factors. These rotate through each MN if I have it right, so what you earn will depend on transactions/adoption. If $PAC works like DASH as a MN holder you will have voting rights in the governance of what direction $PAC goes. There does not seem to be 'proof of stake' with $PAC, but there is mining.
