Re: [ANNOUNCE] paccoin a new SHA256D coin is being introduced
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.
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
Technically in the stock world reverse splits happen all the time. Yes the value of the security does rise by the number of the reduction. However, this does not seem to be a legit swap/burn, whatever they want to call it. In order for the Burn to be official, the old coin is not supposed to exist at the same time of the new [Suspicious link removed]gle reverse stock splits. The Company has said they are unsure of what they will do with the old coin. That being said, this is nothing more than a hard fork and a new coin offering, and I will be wonderfully surprised if the pps/coin value rises times 1000. In addition, the current value needs to be much higher than it is now for the 1000 rise to have any material effect.