Personally am something of a coffee fanatic, so this project immediately stokes my interest. But as others have said, I'm just not sure I understand how well blockchain is equipped to solve the very real problems the white paper delves into

Interesting little project... Market cap is so low that it strikes me as the type of project worth trying to revitalise. Just need to focus it on California and take the New York coin approach of making it city centric.

Like the look of this coin - seems like it's got a rich history (i.e. not a random pump and dump) and like the look of the new changes. With the insanely low market cap though I'm wondering if the devs are looking at other exchanges? It would be great to see this get a bit more traction.

This looks like an interesting coin - I like city focussed cryptos with both consistent histories and strong community potential. I'm keen to pick some up, but don't trust Yobit. Is there anywhere else you can pick this up?

Agree with this - Tron has massive potential and a clear roadmap with some very interesting announcements coming up that include the gaming industry. I'd also add that Justin Sun is apparently Jack Ma's protege, so the future tie ups with AliBaba are pretty mouth watering

Wow! PacCoin is making some serious gains today! Almost doubled again already

Only people that are bad at math and Have zero understanding of the relationship between market cap and supply will be turned off by the new “higher price”. Those that do understand however will realize this is a coin with a still relatively low market cap and strong growth potential, so will view it as a worthwhile bet.

I bought some on a bit of a whim when I was first exploring crypto a few months back - not much, just about $50 worth. That's now worth around $3000.

Why the sudden rise? The coin has been around for ages and has a massive supply of over 3 trillion, so it seems relatively cheap as the market cap remains pretty low (although it's over 150 million now - not bad considering it was less than 10 million when I bought it), but last year a new dev team came in and started to revamp the coin. It's now on the way to having its supply reduced to 3 billion via a trade in scheme occuring in march, and a white paper with the new direction is going to be launched in Feb.

All in all I reckon it's a good time to get it - it has momentum and a fresh team looking after it. It went up over 600,000% last year despite very limited information on this new direction, so once it's all out in the open it could well go further this year. That said, this is crypto so it could also go to zero. Just don't bet your house either way...

This is what I'm wondering... all I've found is this story here https://news.kucoin.com/en/kucoin-will-list-black-hole-coin-on-10th-october/ but it doesn't even appear on coinmarketcap.com

Talk about FUD... did you sign up just to post that?

There is a new website coming that will have a whitepaper from what I've read. That's part of what attracted me to this coin - I bought in when the market cap was under 10 million just as a light speculative bet after reading about there being a new dev team and seeing how long the coin had been around for. I didn't buy much - around $50 worth, but that little punt is now worth around $3k.

Also, they don't have to reach 100bn to get to 1 dollar - they have to reach 3bn because that will be the circulating supply. 100bn is the total capped supply with future mining taken into account.

Ultimately the crypto market is still incredibly nascent and whether you can see the point of all these tokens from the outset is kinda beside the point - money is rushing in, so it's a smart play to at least buy up a little bit of coins with very low market caps, some history and a clear potential for growth.

It was cheap because the market cap was nothing compared to the circulating supply of 3.3 trillion... Do people not know math? It's simple market cap divided by 3.3 trillion supply. That gives you a very very cheap coin because there is no scarcity. What that ALSO means however is that it will require a MASSIVE increase in market cap for the price to head toward even 1 cent at the current levels, let alone something along the lines of an Ethereum, which has a supply that is vastly lower.

By cutting the supply to 3 billion the devs will ensure the coin can hit the $1 mark more easily and therefore get more attention from mainstream investors. Seriously people, this isn't that complicated..

If this is still unclear, I'll try spell it out more: once all the PacCoin holders trade their old tokens in for the new ones whilst the number of tokens will decrease by 3 zeroes, the VALUE of these tokens will remain the same as the market capitalisation for the whole network has remained the same.

This new scarcity, combined with the work being put into the revamped project, will see the coin open on new exchanges and gain more attention - hence increasing the overall market cap and raising the price quickly.

It happens all the time... coins get redeveloped etc and have numbers reduced. Your new 100,000 coins will have the same value as your previous 100,000,000 because the market cap will remain the same.

Remember, value is just market cap divided by circulating supply. That means the new coins will be much more valued at $0.04 compared to the current cost of $0.00004 assuming market cap remains stable.

The market cap will remain the same, hence so will the value - that's just simple math. Currently there's a max supply of 100 TRILLION - so having 10 million coins is still nothing compared to that... but taking 3 zeros off the end all they're doing is reigning this coin in to give it a more reasonable MC to Supply ratio moving forward.

Personally I'm still unsure about where this is all going, but ultimately this is a coin that has increased 600,000% plus over the last year so it's worth a bet. Heck, if you'd put 100 bucks in this a year ago you'd have around half a million dollars right now. The level of FOMO in this nascent market is such that it's actually wiser to have a few small bets.

"Okane Satoshi"? As in お金？　lol - see what you did there... very original.

I bought a little bit of this this just because I'm a bit of a Japanophile and liked the logo and name, but honestly I don't know how it's supposed to be generating any sort of return when there's no utility described here or on the website whatsoever that is in any way unique.

It's currently around 3 trillion, but there will be a massive burn that will cut it to 3 bn apparently.

Here - this article explains it neatly: http://altcoin-guide.com/the-little-coin-that-could-paccoin/

Personally, I still have no idea what the use of this coin is supposed to be or what the new dev team are planning for it, but I'm pretty happy to see my little $40 investment now worth around $180 after just a couple weeks.

Question about burning coins: with the devs apparently planning a quite severe burn that will limit supply to 100 bn coins, how will this affect existing coin holders paccoin?

Hi - I stumbled across PacCoin not long ago and noticed this was a community that was just starting to get active. As someone who has long dabbled in design, I think the logo change moves in the right direction, but think it's not quite as clean and polished as it could look.

For one thing, I think that, being an acronym, Pac should all be capitals (People's Alternative Choice = PACCoin - if this isn't the actual origin of the name I'm happy to be corrected though). On the design itself should aim to look more like the currency symbols that others aim for, whilst remaining simple and clean.

To that end I've done a mock up design for the dev team to look at if they're interested:

https://imgur.com/a/0OHO4

The idea is simple - keep the black and gold them, but give it a more currency-esque feel whilst making it clean and compatible with the resizing you need to be recognisable across platforms.

Let me know what you think