The truth is they are still invested in the project.  This is public knowledge.   

However, since then we have distanced them from the project I cannot control what they do with their ownership this is crypto.

At that time they didn't cash in as one of the distributions was to the DEV team manager.  I know he is still vested.  I cannot see others finances just like in real life their business is their business.  How much money do you have in your bank account?  How much PAC do you have?  You may answer the last as you are a mystery man doxxing and putting others safety at risk with "negative information".

They were founders at that time and invested heavily in the project - their distribution was agreed to be put into masternodes and it wasn't sold.  Recently one of the distributions was moved to recoup some operations capital.  That investment didn't work out as we had hoped.  In other words it was invested for later and I believe they did that.  Cannot prove what else they did or didn't do.  Many people made out during the run-up in crypto and many lost as well.  That is your business if you did.  Did you? Have you posted your ID and personal info up here saying what you did and didn't do?

I do disagree with you doxxing them here, that is against the rules and very "negative" for our project. 

Why wouldn't you ask me these things directly, as I will give you an honest answer.  Then you can take this wherever you want.  Ask the other team members we run a tight ship.

Please don't use this forum as a way to "negate" all our hard work on PAC.

So for the record - "They are gone from the project."  I cannot be responsible for them nor can you.  Please remove your post about their specific personal information.  You can leave the rest.

You didn't take my invitation about asking me in Discord?

We are going to unban all the "negative" discorders from the past as well.  Please stop by and message me please so I can get the facts straight for you.

Any way, I would really, really like to have you informed and armed with "real" information not theories and accusations.  Please come ask and we can post a "rebuttal" together here to set the record straight.

Again for the record - "We are no longer am working with these two gentlemen on the project anymore".

I hope the weather is getting warmer over there in Russia.  We just had 4 inches of snow here in Chicago - very rare!  I appreciate the story about your grandmother and your alias in here.  Pinning success of $PAC onto my shoulders or a small group doesn't add value to anything.  My responsibilities are to support the coin operationally and have people join our team to plug into the $PAC vision to share content, charity and collaborate and try and choose the best programs to grow our coin and the ecosystem around us.

I also want to thank you for your dialogue - I believe that adds value as well.  Some of your points are right & some are wrong.  I wish I would have invested more in $PAC earlier as well as you did.  I also wish I could have bought bitcoin at 5$.  I can only be responsible for myself, and try and lead by example and learn from my mistakes.  

I have invested heavily in $PAC and have stepped in on many occasions and funded marketing and operational costs.  I believe in these investments, so please stop accusing us of so many harmful intentions.  The other founders are in another industry - the cannabis industry which is even busier than crypto right now.  We decided that having them front and center would not be in the best interests of the $PAC brand - not because they have left the project.  Again they are still involved behind the scenes.  The other last to join founder Newcrypto runs the DEV team and is a very valuable member to the $PAC team.  If this crypto space wasn't so vicious and threatening he would be public facing.  Maybe he will later when the overall space and the users mature more.

We have a DAO system that anybody can submit a proposal to grow the coin and add value.  I encourage you to join us and submit a winning proposal.  I also invite you to join our advisory board - you will need to come with solutions and ideas and change your constant threats and tactics.  We are redesigning the DAO governance process with the goal of having it function better with less waste.  Maybe you can help us as you hold well over 100 masternodes yourself?

As for my leadership style?  Please watch this video where I am presenting at a conference in Washington DC and learn a little more about our team and my vision.

https://www.youtube.com/watch?v=joX-NTMA51o

Our project is doing some wonderful things!  Here is a successful project from the charity team and shows the $PAC DAO contributing to a great story:

https://twitter.com/Robin_Matthes/status/1116817340052774917

I am going to focus on the road ahead - and what I can do to grow $PAC.  I have many other big ideas that will be huge use cases for $PAC.  I would love to step aside, but only when the right person or team comes along.  I will not just vanish, nor abandon my investment and leave others with nothing like many project leaders do.  I have much more integrity than that.

Why don't you become the leader in your country in Russia - what is stopping you from doing this?  Let's work together - that creates value.  Not the "only the Smash way".  If you are not Smash who are you? 

I have a busy week ahead with $PAC, work and other family commitments.  I may not respond to you in a timely fashion.

-Eric

  
 

Sure - let me start with an apology.  I am doing the best I can.  We have a great team working for PAC, and we have recently added some strong new members to our organization.   I am no 'mystery man', but quite the opposite.  I also have an open-door policy and encourage everyone to DM me on Discord.  Please ask our 20+ team members that all have a role and function for our organization.  Sometimes I am slower responding to their requests because of my real-world responsibilities.  Am I perfect?  No, I am far from it - but I try and do the best I can and surround myself with good people.  I also believe that enabling others to do what they are good at doing.  Asking these team members to donate their time and skills to do something they aren't passionate about is a losing proposition.  When our coin and the cryptosphere increased in price rapidly in 2017, the other founders and I DID NOT disappear.  We are still here.  They work in another thriving, hot industry - one that has grown even more than crypto.  I don't fault them for dedicating their time there.  Many decentralized team members left and cashed out completely.  We all make mistakes sometimes where we invest our money.

Crypto, unfortunately, is a mysterious place with people in masks running around doing all sorts of random things to manipulate and deceive which makes it very challenging for projects.  Another perfect example where I am forced to address an "anonymous angry old investor" that name calls and uses threats in public.  All of what I am saying here has been openly addressed and communicated thoroughly in our blog as well.  There is nothing "mysterious" going on.  

We will continue to evolve our DAO into a hybrid DAO model that will provide more value and less waste.  PacLYFE will play a more dominant role in social governance and proposal collaboration, adoption and support.

We relaunched our coin in the Fall of 2017 and had no idea what would happen with our risks to do this.  Just like any business venture or investment - you cannot force others to join or invest - it is up to them.  
The redemption program was an entirely new risk and idea that we had no idea what the outcome would be.  Our redemption had expensive costs and risks that the founders absorbed.

I had dinner with the other founders last week to catch up on things.  Smoker was in Mexico yesterday for the day meeting with the DEV team.  We have had several conversations in the last few days, which were very productive conversations.  I value their involvement and passion for the project.  Stoic has a major business development deal in process that could be a massive development for our coins adoption as well.

Let me also remind you that we are currently at 6.5% of our total design with thousands of individuals now participating in the network.  There are no schemes or plans as you have mentioned.  

Our original design mined by the DEV team was 3.5 percent of the total design and gave a majority of this back to the original holders of PACcoin via the redemption.  The left-over coins from the redemption which was approximately 15% of our published design allocated for operations and coin dev/mktg support.  In hindsight, this decision has proven to be valuable to survive the bear market.  We have been unable to deliver many of the projects that were in our future, but we look to reset expectations accordingly and focus on capital to get these things completed.

We had an internal distribution to each founder of 40 million PAC as partial reimbursement for their personal contributions to date.  These were primarily for development expenses.  Doing this was agreed to be used for coin development and future programs.  It was also decided not to use it for reinvestment into the coin.   These decisions occurred at the founder level without others involved and alienated some team members.  I don't believe this was over-reach, and I put me in a very precarious situation, and I have learned from it.  We had already allocated the 15% to the 3.5 million published in our whitepaper, and we were unsure exactly what the final numbers would be and cut off the redemption in lieu via community vote.  Now we have a treasury/accounting department in place to add more reporting and expenditure controls on operational expenses.   All expenses have oversight and internal and external reporting functions now.  

Today, our coins operational challenges are even more challenging, and again we have had to step in with our own personal funds to keep our project functional.  None of the founders have walked away.  The cryptosphere has evolved very quickly, and we have molded our approach very quickly from being an anonymous community coin to being a "hybrid decentralized organization."

Running our operations has had its ups and downs - but now we have a robust departmental structure, frequent meetings, and organizational responsibility.  I am proud of our team, and our community is incredible.

Personally, I have big ideas for PAC, and I look forward to making them come to reality.  I do know this, and that is teamwork gets goals completed faster.  I also encourage everyone around me to be a leader as it is not on my shoulders as you are putting it.  If you have a great idea to grow our project submit a proposal and roll up your sleeves and help us like many of our community members, do today.  Some great stories are being created in our project.

We have some solid team members that will become more and more visible in leadership roles in our organization.  This is extremely important to scale the project.  I will reabsorb myself into future plans and use cases for the coin.  They all work very hard and are dedicated, hard-working individuals.  

I welcome your feedback and ideas, and I also look forward to carrying out a professional and transparent dialogue where I can.  Please withdraw threats that involve the other founders and I.  This is for our family's safety, please.  No good comes with that for PAC, our the crypto-space.

Much of what I have said above is old news, with some new scattered in here and there.

Smash- I will invite you back to Discord into a special advisory room?  There will be other larger investors joining us in that room, so you will have to act professionally.  With some effort, we could work well together?  We have to discover what you are best at, so we can use this to help grow our coin.  

This has been a valuable exercise, I hope you feel the same.  Regards,

-Eric

I would be glad to answer these - not under duress of extortion though!

Please retract your threats and act civil and maybe we can add some value to the space?

This kind of action doesn't help anybody in this space.  Bringing the other founder's families and homes into your dismay is very disturbing.

Then we can proceed in a way that is constructive for everyone.

-Eric

Klemetin - some of your facts are accurate - some are inaccurate.  Very disconcerting.

Glad to answer them if you desire.

What is your Discord ID so we can chat more.  You can email me as well - eric@paccoin.net

-Eric

Oh, and to address the other question above - the masternode collateral change conversation is happening now in the community.  Nothing to do with Brad - he has to help convey the information.  The joys of marketing!

So today, there were upwards of 30-40 active voices in Discord discussing and chiming in on this topic.  It was a great conversation!  Technical benefits and network efficiency benefits were discovered, as most of the network traffic isn't transactions - but actually masternodes managing their relationships with others.  Which is typical in a global network, but long membership lists and round-trip network latency adds more capacity challenges. 

The network is the largest masternode network on the existing DASH code base-which our DEV team is actively backporting as we speak.

We have a 51% attack solution in place that allows us to work with our exchange partners to prevent a 51% attack theft from vulnerable exchanges.

Increasing collateral has many pros and cons.  The biggest one for us is that we learned that only a fraction of the capacity of our masternode network is being utilized nor could it be with the existing code-base.  This is a poor use of everybody's money and valuable time.  Currently, most masternode holders are paying exorbitant hosting services that are being way underutilized. 

Come join our Discord and join this conversation:  https://discord.gg/Yvhxnd

-Eric

I just read all the nonsense above.  My name is Eric, and I am actively involved with this coin on a daily basis - I have been here since the beginning the first guy on the website.
The user 'Klementine' either is an old investor "Smash" from Russia -or just happens to have an email in Russia that is very similar to his profiles here on BCT.  Hmmm…. 

He is an old investor that invested at the high-point in the market.  I have spoken face to face a few times.  Actually, he is a very nice highly-educated guy.  Funny, the effort that people go through to negate a projects hard work and efforts.  Now, he has posted a list of inaccurate and misleading posts.  This is bad for the whole space - in the real world this kind of thing rarely happens.  Only in crypto - which is again bad for everyone.  What is his ultimate purpose doing this?  Just having fun? 

Our Discord server has a habit of attracting people that are disgruntled with losses in the whole space and our project as well.  We do our best, but we have even banned our own team members for acting unprofessionally.  Instead of packing it in - we just keep working harder.  We can always outwork words.  If there wasn't value here, why would somebody be trying so hard to destroy it?

I wish people would act real - and take their masks off - instead they can create an anonymous profile here and there and throw stones at our project & others.  This whole board is "littered" with toxic activity and examples of this childish behavior.

Come visit our Discord server you will find us actively working and trying to improve our coin and see that much of the garbage above is inaccurate and posted as "downward" pressure. My ID is Expos (Eric) on there come drop me a line!  (please DM me!)

I am still ACTIVE in the project - more than ever actually - and I am going nowhere - only to focus on building a major network use case for or existing $PAC chain.  We also have a very strong team operationally - that we are very, very proud of!  We have an operation call every Thursday with 12-20 team members attending.  People dislike us for not doing everything perfectly - which we try and learn from - but we are only human. 

Personally, I have my day job still.  Brad our marketing CMO does as well as the other 20+ active team members.  We have weathered the long bear market and we are re-organizing resources to deliver a newer roadmap and focus for short, medium and longer terms. 

Please post any questions you have for me and the team - and we will try an answer them.  I don't login here much - but I will make an attempt to as my team will inform me as well.

I think in time this space will mature more, and adopters will become real netizens - then and only then, real value will follow.  Funny how many of our most fervent critics would be great guys to have a beer with!

Keep your comments constructive please.

Thanks everyone,

-Eric

Announcing: Mobile Wallet LIVE tech demo + Q & A

$PAC is evolving...  the $PAC team is hitting back HARD at the recent FUD with a step up in our game to deliver on our road map key dates.

Adversity is met with determination and our resolve as a team has never been stronger.

Our innovation team
Branching from the main dev team - Breakcrypto and Chase make up our fast action 'innovation team' taking initiatives and working tirelessly on them to bring you products to compliment the $PAC brand and to add value to your holdings as well as opening up the potential of the currency.

Amidst the piles of energy drinks and lack of sleep, comes a LIVE tech demo of our iOS mobile app - this will also include an Apple watch integration demo. If you are a techy this one is not to be missed.

Hosted by: Brad
Expertly explained by: Chase

Wednesday 7th March - 10pm GMT | 2pm EST

Countdown to stream: http://bit.ly/2FtMZeM

Public Redemption and Update Livestream

we talk about price - technical updates - exchanges and whats coming in the short term.

https://www.youtube.com/watch?time_continue=2255&v=68pSprjmX0o

The thread for $PAC is here now - https://bitcointalk.org/index.php?topic=3047868.0.

Please post your questions / comments over in that thread.

Thanks.

-saul

Thank you for that - our marketing team updated the roadmap with the correct image.

WEBSITE | IMPORTANT NEWS | WALLETS | WHITE PAPER | GIT HUB | DISCORD | TWITTER | REDDIT | YOUTUBE

---

WHAT IS $PAC?

$PAC - The People's Alternative Choice is a third generation cryptocurrency that aims to become the world's first community governed digital currency. Focusing on four key factors:

Community | Charity | Content | Choice

$PAC is a community driven successor to Bitcoin, incorporating various improvements such as a two-tier incentivized network, known as the Masternode network. The major aim of $PAC is to become the most efficient and user-friendly cryptocurrency that is available globally. Our network features double send proof transactions and transaction history that is erasable in terms of receiving funds. $PAC works using the principle of decentralization with the community as the face of the coin.

OUR HISTORY

$PAC is the natural successor to PACcoin which was created in 2014 based upon then-current technologies. Initially, it enjoyed a brief success as a traded cryptocurrency. However, over the years, the coin was not maintained or upgraded; subsequently it quickly fell to the bottom of the list of the 1,200+ different cryptocurrencies on the market. PACcoin remained stagnant until August 2017, when a new community-based management team committed to re-establishing the coin. In November of 2017 aspects of the code were upgraded to offer new PACcoin wallets on PACcoin’s updated website. By the end of November 2017 PACcoin registered its first measurable market cap of $1,885,638 USD. During PACcoin’s relaunch, over 30,000 new PACcoin wallets were downloaded and Cryptopia, PACcoin’s most dominant exchange, had over a million new registrations.

MAIN IMPROVEMENTS

$PAC has launched with a total reduced supply, providing a whole host of benefits. The old total supply of 100 trillion PACcoin has been reduced via an RCO (Redemption Coin Offering) offering one new $PAC for each 1,000 old PACcoin, with each new $PAC worth 1,000 times the original PACcoin. This has reduced the total supply to 100 billion with 3.5 billion in circulation. The amount of data in the blockchain has shrunk dramatically, resulting in wallets syncing faster and allowing the chain to be more easily installed across the globe.

One of the measures that $PAC’s team are taking is moving away from the SHA 256 Platform and adopting the X11 Platform, first introduced by Dash. The x11 platform will allow completely anonymous transactions in as little as under two seconds. Instead of hashing only one algorithm, with SHA256, the x11 platform hashes 11 different algorithms simultaneously, which reduces the amount of computing needed to mine or transfer data. In addition to the X11 platform, PAC will also be utilizing masternodes, another concept made popular by DASH.







OUR PLATFORMS

Paclyfe
Improving the technological aspects of $PAC is merely the foundation of the $PAC story, the team plans to re-focus the mission of $PAC to become a truly community-based cryptocurrency, evidenced by the new name already adopted by the $PAC community: The People’s Alternative Choice. $PAC is continuously developing new features to a community-based social media platform called Paclyfe. Paclyfe encourages coin holders to communicate with each other without any language barriers.

$PAC medium of exchange
Paclyfe is not just a social communications vessel. It is an online marketplace for the $PAC community to provide real world products and services in exchange for $PAC. Paclyfe is the Fiverr.com, eBay and Kickstarter of the cryptocurrency world. We aim for Paclyfe to become a platform where private projects are voted on and funded entirely in $PAC.

Decentralized Governance by Blockchain allows the community to be involved in the decision-making regarding projects related to $PAC. Masternodes are the main actors in the governance process, they can create new proposals and vote (yes/no/abstain) on existing proposals. Each time a block is generated, 75% of the block reward goes to the Masternode network, 5% goes to the miners and then, once every 16,616 blocks (approximately 30.3 days) a ‘Superblock’ is generated containing the remaining 20% of the monthly profits. 15% contributes to payouts to the proposal winners of the previous cycle, shaping future projects and partnerships for the coin. The remaining 5% will be donated as part of our many Charitable initiatives, again voted on by the community. For a breakdown on how the proposal process works, please refer to the white paper.

Coinlyfe
Coinlyfe is the Ebay, Paypal, Google, LinkedIn and Coinmarketcap of the crypto world. A social network, unifying information seekers, investment opportunists and public influencers, with $PAC as a currency holding the platform together. Coinlyfe will provide a communications vehicle for user driven content. Whilst acting as a hub of credible information for the whole cryptosphere that becomes indexed in the major search engines. Users will be able to price check, inform, search, acquire and absorb cryptocurrency in its entirety.

Coinfyle
Coinfyle will be a secure online platform for buying, selling, transferring, and storing digital currency. Coinfyle's mission will be to create an open decentralized financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currencies.

Coinfyle will be put out for an RPF (Request For Proposal) process to potential investors to ‘propose’ a solution for the $PAC community. The premise is to have a solution that will be built by the best in the industry and hopefully be partially owned by the $PAC economy as well. Fees on this system will be in $PAC and will be the lowest in the industry.

Pac.media
Alternative news is a major component of the world today. Suppressed news, fake news & censorship litters the landscape and people don’t know what to believe anymore. The internet has fueled a movement of alternative news and content where anybody can promote content they believe in. These smaller providers depend on getting paid from these big ad networks that constantly change the rules on how they get their income. These smaller providers cannot compete with the larger media outlets money interests. They are missing their own brand affiliation.

PAC.media will unify alternative news into one system, where the content providers will OWN their advertising platform and their future revenue stream, that will be paid in $PAC.

LINKS

White paper
Download

Mining pools
People's Mine
Fox's $PAC Pool

Block explorers
US Block Explorer
EU Block Explorer

Exchanges
Cryptopia | Yobit | Tradesatoshi | CoinExchange | CryptoBridge | Zecoex | Bitexlive | TopBTC |

Wallets
Secure $PAC wallets

Social
GIT HUB | DISCORD | TWITTER | REDDIT | YOUTUBE

Check out the $PAC white paper. Quite promising.

http://download.paccoin.net/PAC_White_Paper_2018_Final.pdf

Have you tried any herbal supplements designed to help bring your stress levels down?

An LTC fork was much needed.

Good luck.

They will co-exist to serve different purposes.

But has the potential to become more mainstream as a currency in more remote parts of the world.