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FAQS 2-1-2018 - AFTER WHITE PAPERS!

2-11-17 update
Do you have the redemption wallet set up yet? if you've never downloaded the wallet before, you're in luck, just go to the website at www.paccoin.net and download mirror two.
If you did have the older wallet and it doesn't say redemption wallet on it, try these steps
https://www.reddit.com/paccoin/comments/7wlj1k/wallet_not_working/
Paccoin.net just released this place to buy $PAC directly
http://pacdirect.net/ref/11655/
All referral amounts will go towards Twitter Payday giveaways.

UPDATED! 2-10-18 - EXTRA EXTRA TOP NEWS IN BOLD

GOOD NEWS! WHITE PAPERS ARE OUT
https://t.co/GiUzWnw86V
THEY ADDED MINING
"Brad: A beginners guide on how to mine $PAC using NiceHash Thank you @Jared (US) for the great tutorial - A nice entry point to $PAC mining for those without their own rigs. :clap::skin-tone-1:
https://t.co/GiUzWnw86V

-YOU MUST HAVE YOUR CRYPTOPIA PACCOINS OFF THEIR SELL ORDER OR THEY WILL NOT SWAP IF THEY ARE JUST HANGING OUT IN YOUR WALLET, ITS COOL.

NEW DOWNLOAD A MUST! --REDEMPTION WALLET HERE!-- -- https://wallets.paccoin.net/
DO NOT use link 3 anymore, use download link 1
"I was so excited to hear there was a bulky extra wallet to download!" --Nobody
Yeah it sucks, but better safe than sorry, 2 GIGS is a lot of data for some people around the world, and I get that...
It will however be the last big download for the redemption.
This is the new recommended wallet for your coin swap -- just download it. It will be faster than asking "should I download it" then me saying, "yeah, you should download it"
(MAC redemption wallet upgrader & full install without full blockchain. MAC)
https://wallets.paccoin.net/#mac
Redemption video explanation process:
https://www.youtube.com/watch?v=sFHmX58reB8&t=1s
DONT ASK ME
"What happens if I don't download this and use the old wallet?"
I DONT KNOW! - I KNOW THEY SAY USE THIS ONE!
It means you already know there is a redemption wallet, just download it.
DO NOT SEND YOUR COINS TO ANYONE: ONLY PACCOIN.NET IN MARCH (normal citizens with no master node) -- THERE ARE SCAM ACCOUNTS STILL BEING MADE NOW

The Million Dollar Question

1.)What is going on with my PacCoins at CRYPTOPIA AND YOBIT AND TRADE SATOSHI right now?

LIVE STREAM FROM YESTERDAY - I can't really give better information than Brad Marsh, and I find it unfair to quote him myself when you can watch it here for yourself. Theres Q&A at the end that answered a lot of extra questions. Watch the whole video that might help clear a lot of confusion you have. """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""
https://www.youtube.com/watch?v=7KsdAYtlZlg
I wont quote him myself, but Brad gives a bunch of good NEW answers on here
""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""
YOBIT - When wallets are down, do not send coins here. Never send any coins to any exchange in wallet maintenance
CRYPTOPIA - DO NOT SEND COINS HERE OR TRY TO USE THIS WALLET EVER
If you can see your balance, you're fine. You can't move these right now or maybe ever. Due to massive volume, the urge to buy PacCoin literally crippled their whole website and wallet for PacCoin. DO NOT SEND COINS HERE AT ALL.
Devs are working with Cryptopia to ensure that ALL PacCoins will be converted for you during the coin swap.
!Cryptopia accounts that have locked coins on them will automatically have their old coins exchanged into the NEW $PAC for you. So you don't need to have a Paccoin.net wallet to be part of the RCO. - 1,000,000 PacCoins will turn into 1,000 $PAC after they are traded in for the coin burn!
Unfortunately I have coins on here too, and there's nothing we can do but wait for Cryptopia to fix their markets and/or work with the DEV team on the coin swap because their big boy wallet is broken.
!::!:!:!This may be like this until they manually do the redemption. In the video, there was a real hardship that was not everyone could be pleased, but all the coins on cryptopia MUST to be swapped unless they fix the wallet, which from my understanding is impossible to repair. The company said they were gonna take the risk out of the sense of LOSS in the case that you sent coins before you were told not to. Things like that!::!:::!:::!
I will say that they did not want this to happen, but they are stepping up to do what they can to fix what they can. They aren't gonna penalize the community for buggy issues out of the users control.

Think about what a huge clean up on isle 5 its gonna be. Its gonna take a lot of work to get done, but I'm confident they'll be successful.

ATTENTION EVERYONE WITH PACCOINS ON TRADE SATOSHI

"You have until February 25th to WITHDRAW your coins from your exchange wallet and put them into the new redemption wallet available on http://wallets.paccoin.net/.
Trade Satoshi are upgrading their platform in anticipation for the new $PAC coin - Old PAC will not be supported after this time."
Source: Trade Satoshi -- https://twitter.com/TradeSatoshi/status/959060270021623808

"YEAH YEAH blah blah, ya see IM UPSET ABOUT MY COINS STILL"

You thought I wouldn't personally say something about yobit and cryptopia? Well, I suppose its in the title. If you're that concerned about your yobit coins, just take the advice in the video that Brad said about just holding tight.
In my own words, without quoting him, he got across that
  1. If your coins are stuck on Yobit, the redemption window would be extended - he said it wasn't fair to the investor if their coins are locked up.
  2. You can still sell them for alt currency and buy at tradesatoshi instead.
  3. You can still buy into the RCO at cryptopia, but its way over priced.
I know I understand a lot of you are grieving over all the exchange issues, and if you got something bad to say about it, I understand why. It's frustrating to me and all of you for the price has been going down, and they cant be moved.
We all want to be in control of our assets, and sometimes things go a way we can't control, but I will finish this by saying there is far worse exchange news floating around lately than just cryptopia and yobit wallet issues.
The exchanges have 1,000 coins and people and things to do and communicate with. The harder we prove to them that we are impatient and flood their mail with messages, the longer its gonna take someone to read the same question again. And then answer that question again. When they need some relief and time to focus on what they can.
They aren't doing this on purpose and the last thing they want is another e-mail about how their website stinks. They don't want the problems, but they're kind of stuck with them.
I would only send a TICKET if your transaction says "Processed" and you haven't received from yobit or cryptopia, otherwise all your questions about why the wallets dont look are going to flood over people that are missing coins.
I'm sure out of the two issues, you would rather see the missing coins one solved then if their wallet is gonna work today, tomorrow, or the next, or the next.
Every email is a block in the ledger that needs to be digged away so they can find the emails that stand out that they can actually try to get a case started on.
They have over 161,000 followers alone on twitter. Cryptopia and Yobit, out of the two, I would say I give my respect to Cryptopia first.
Yobit is still working on wallet issues it sucks, but its the truth I personally bought at .0061 and sold for .0085, sent them to Trade satoshi, and bought all of them from .0071 all the way up to .0085, kept the profits and sent to my wallet. If you are that upset about yobit, sell your PAC, buy on Trade Satoshi, or just sit tight.
Theres no penalty for missing the redemption if they are tied up on the account of yobit. If you need to sell for financial purposes, you still can on yobit, so it shouldn't stress you out. The only people that ultimately deserve respect for keeping their cool is the people on Cryptopia for they could never send or receive after the crash.
At this time, I'm going to recommend just getting them into your personal wallet ASAP if you can.
"We recommend that after checking the exchange wallet status that you send only 100 coins as a test before trying to move a large amount." This is Dylan Pln, FACEBOOK MODERATOR suggestion.

2.) Where do I buy PacCoin? Why is this so difficult?

In order to buy PacCoin, I would recommend getting familiar with Bitcoin, Litecoin, or DOGEcoin. ETH is acceptable too. You're gonna need to own these to buy it.
DOGE is especially a good one for this coin, because right now DOGE market is the best price, because .00000001 Bitcoins is still too much to purchase this for right now.
DOGE is like the "Change" In cryptocurrency (for now) and can meet the extremely low price in the markets you will want to purchase in.

3.) What are Exchanges?

Exchanges are places similar to the stock market you would see, but more specific for users, as they aren't hidden behind user interface, like Fidelity or Robinhood.
These exchanges are like driving a manual, vs. driving an automatic car. If you don't know what you're doing you should research on youtube for tutorials.
You're going to send, DOGE, LTC, OR ETH to an exchange and try to buy at the most affordable price NOW, or place a buy order at a cheaper price and fish for a good deal.
https://tradesatoshi.com/
https://yobit.io/?bonus=xYHIK - try to stick with trade satoshi.
These are going to be the best two places you should buy PacCoin right now. They are the cheapest and if you're using BITCOIN to buy, you are doing it wrong. MOST ASKED QUESTION:

4.) I heard "Blah blah from some unofficial source and is it true?"

https://blog.paccoin.net/

This website holds all official news.

5.) What is PacCoin, I still dont get it?

https://paccoin.net/
Start by going here and downloading a wallet and talk to PacCoin4Prez on twitter to get started.

6.) Is PacCoin a scam?

No. This is not a scam. It is just the beginning though, and somethings aren't as polished looking as businesses with many seasoned years.

7.) My wallet is not working right.. I can't figure it out.

Start here before asking around, although someone will probably help you.
https://wallets.paccoin.net/#faq
AFTER YOU GET YOUR WALLET WORKING, BACK UP YOUR WALLET.DAT file by clicking "File" - "Backup wallet" save off your computer in case your hard drive crashes or the file stops opening on your computer.

8.) What happens during the redemption process?

Everyone that I sent 5,000 PacCoins to in their OFFICIAL PACCOIN WALLET, will need to download the new (Much Lighter) wallet. The wallet is scheduled to be released on Feb. 3rd.
I don't want to get into price speculation, but ultimately the idea is that the 5,000 PacCoins you got will turn into 5
PAC, the new coin and the value should stay the same, but the price should increase more reasonably.
In march the official redemption happens. If your coins are on cryptopia, they should be converted into the new PAC for you.

Otherwise, you are going to be sending your coins to PACCOIN.NET with their specific instructions. DO NOT SEND YOUR COINS TO ANYONE ---- ONLY THIS WEBSITE. THERE WILL BE PEOPLE TRYING TO SCAM YOU AT THIS TIME.

9.) Are there any Faucets? YES.

https://twitter.com/Paccoin4Prez/status/957069673752866816

ONLY USE OFFICIAL WALLETS, I DONT LIKE EXCHANGE WALLETS ANYMORE.

10.) Where will the NEW $PAC be featured.

The coin is guaranteed to be on Cryptopia!
Otherwise this is a complete list of exchanges applied for. It appears devs are taking this seriously, because it isn't free to apply to most exchanges!
https://blog.paccoin.net/exchange-applications-pac-update/
Thanks for reading
submitted by PacCoin4Prez to u/PacCoin4Prez [link] [comments]

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