Quote from: gm0nk3y on January 01, 2018, 08:40:45 PM

Quote from: Allseeing on January 01, 2018, 08:22:20 PM

I know that everyone here is just hoping to get rich. I know everyone here is excited the coin is moving.

But Paccoin has no whitepaper.

There is nothing on its website saying how it works, what its mission statement is, or anything that a real cryptocurrency would have.

I'm not a genius but here are the facts:

Having a whitepaper isn't a guarantee that a coin isn't a scam. However, not having a whitepaper almost always is a guarantee that a coin is a scam. You don't have to take my word on it, just Google coins that had no whitepaper and see where they are today. Meanwhile, check the reverse - how many of the coins listed in the top 100 on coinmarketcap right now have white papers? Every one of them.

I went to paccoin.net today and asked in the comments section under the "New Years" post where the whitepaper is. The comment was deleted by the website and never made it to the page.

Here's the thing about whitepapers - like I said, you're all just trying to get rich. I understand. You don't care about whitepapers. Clearly, otherwise you wouldn't already be invested in this coin. But you aren't banks and businessmen and technology experts. Those people DO care about whitepapers. And what that means is that the price of Paccoin can go up and down somewhat based on your buying and selling trends but none of the price movement has anything to do with the real value of this coin, which is nothing. You can't buy a single thing with Paccoin besides other cryptocurrencies. And that will always be true if no one knows how the coin works, how it's intended to work, or any other vital information about it that would be in a whitepaper.

Because professionals want to see the whitepaper. They absolutely care about it. You're not going to get listed on Binance with no whitepaper. You're not going to market your cryptocurrency to any financial institution without a whitepaper. You're not going anywhere respectable and legitimate without a whitepaper.

You don't create a whitepaper if you don't want to be held liable for anything when your coin crashes/dies. If you create a whitepaper, you have to be honest in what you say lest you become legally liable for misleading investors. So... if your coin is legit, fine, you create a whitepaper telling everyone exactly what it does and how it works. If your coin is a hyper-inflation scam, instead of real value you talk about bonus coin incentives and crap like that in your whitepaper. And if you're worried about losing the crowd that sees through the hyper-inflation scam whitepapers, you just don't create any whitepaper at all.

By having no whitepaper, Paccoin has told you absolutely nothing about the coin. So if it crashes right through the floor you can't accuse them of misleading you at all. Best of luck.

Thank you.. I was waiting for someone to say something like this. I have been asking a lot of people why this coin is being pumped when I don't see what's so special about it. Seems like a huge pump and dump

PACCOIN is in his early stages. The Coin had a reawake from the death. The price spike is just the beginning. You want to buy a coin when it is in his early stages not when it reached 20.000$. I am very optimistic about this coin the team is working hard to get things rolling. You think this is a huge pump and dump? then just wait..... this coin will be at 10 satoshi. Remember my words then.