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@@ -15,13 +15,13 @@ This PIP proposes solution to a fundamental problem in PascalCoin; how first-tim
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## Motivation
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-One of the issues with PascalCoin is that new users require an account (PASA) before they can receive PASC. This is known as the "first PASA problem" and is an chicken-and-egg type problem. In all other cryptocurrencies, first-time users can receive their first coins simply by giving the sender their "address". In PascalCoin, a new user that wants to receive PASC for the first time is unable to give an address because they do have an account. Instead, they must first acquire an account. This process typically comprises of them scratching their head, searching the internet for information, learning about PASA's and eventually contacting a 3rd party PASA dispenser (like [FreePasa.org](https://freepasa.org)) to get their account. Only after all that and waiting 5 minutes for a blockchain confirmation can they finally possess an address to give the sender in order to receive their PASC.
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+One of the issues with PascalCoin is that new users require an account (PASA) before they can receive PASC. This is known as the "first PASA problem" and is an chicken-and-egg type problem. In all other cryptocurrencies, first-time users can receive their first coins simply by giving the sender their "address". In PascalCoin, a new user that wants to receive PASC for the first time is unable to give an address because they do not have an account. Instead, they must first acquire an account. This process typically comprises of them scratching their head, searching the internet for information, learning about PASA's and eventually contacting a 3rd party PASA dispenser (like [FreePasa.org](https://freepasa.org)) to get their account. Only after all that and waiting 5 minutes for a blockchain confirmation can they finally possess an address to give the sender in order to receive their PASC.
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Almost all user feedback on this workflow has been highly negative. Attempts to solve this issue (as Blaise app does) are still a bad user experience and overtly complex. It's a well known principle of product design that onboarding new users should always be as easy and smooth as possible in order maximize the market penetration of that product. Thus it is clear that the "first PASA problem" is an impediment to PascalCoin's growth and needs to be solved.
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This PIP finally solves this problem. It provides first time users an **instant** receive address they can use immediately, just like Bitcoin. This is achieved through the use of E-PASA, Block Policy and a Buy Account operation. In this proposal, all users will be able to receive funds directly to their public key by virtue of an E-PASA of the form **@[1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2]**. Here the users public key is encoded in base-58 within square brackets pre-fixed with an @ symbol.
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-A transaction to to such an E-PASA is translated under-the-hood as a "Buy Account" operation for **any floating** account available in the SafeBox. Floating accounts are very similar to "Public Sale Accounts" except they are owned by no one and have no seller. The "sale price" for floating accounts is determined by an economic variable in the Block Policy called "New PASA Fee". This fee is "floating" in that it can change with the block policy. This allows the price of new PASA to always be low enough to onboard new users but high enough to dissuade hoarding and abuse. This value is determined by the PascalCoin community through a layer-1 governance system called [Block Policy][2].
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+A transaction to such an E-PASA is translated under-the-hood as a "Buy Account" operation for **any floating** account available in the SafeBox. Floating accounts are very similar to "Public Sale Accounts" except they are owned by no one and have no seller. The "sale price" for floating accounts is determined by an economic variable in the Block Policy called "New PASA Fee". This fee is "floating" in that it can change with the block policy. This allows the price of new PASA to always be low enough to onboard new users but high enough to dissuade hoarding and abuse. This value is determined by the PascalCoin community through a layer-1 governance system called [Block Policy][2].
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From the senders perspective, this solution requires no change to their workflow. With the implementation of E-PASA, when sending transactions the sender can enter an E-PASA recipient. Thus, by simply entering an E-PASA of the form described above, the PascalCoin node can automatically produce a "Pay to key" style Buy Account operation under-the-hood. Thus it allows a sender to sent to a recipient's account or key, as they desire. This is also true at the API-level where the API sender is an E-PASA and can perform a Pay to Key by virtue of the recipient's address alone without any other details.
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