Bitcoin Forum

Bee2 has come up against a bit of a problem. Let me explain.

Bee1 was scrypt POW. The community wanted x11 POS. A developer agreed to do this and also coded in a block taxing system. He completed the tax and created a new coin BEE2. 27 Billion BEE1 were already mined according the the block explorer so the new developer premined 27 Billion to swap over.

It seems a lot of the coins that were lost when cryptorush the only bee exchange back then went down could not be swapped.

We seem to have 11.5 Billion coins left unswapped, with a minting i believe of 30 Billion.

The developer put these coins in the master wallet where the block tax goes. This tax is taken from every block so that the master wallet now has 100,000 of transactions and is very large in size.

So it seems to be very difficult to open and very difficult to send coins out from. He said he can only open this on his main frame and only send out 1M coins at one time due to it requiring large cpu power and ram. Can anything be done to fix this?

Now this coin is in an interesting position - it has essential got a 30% war chest of development coins sitting there. These were mined on bee1 but now lay unclaimed due to people not bothering, leaving the crypto scene or crypto rush going down. So plenty of funds there for a developer/project managers etc.

The swap has been ongoing for months now. However, all of these coins still remain. Also due to the block tax that development pot of coins is growing every minute.

We need a new developer or very well known member of the community to take over this master wallet.

If you are interested or know a developer that would be interested in taking over this coin and community. Please reply or get back to me on PM.

There is quite an interesting opportunity here for someone because the coin is currently already in the top 10 on mintpal voting, has a community, and has a 30% development pot of coins that is there.

Of course i will need to clear the 5% with the community but at this time i feel this would go down well. If it was handled correctly. I would suggest all the coins are put in a public wallet and for every project and bounty handed out. 5% is taken by the developer or escrow member that handles this.

The main issue right now is that the master wallet is getting larger by the minute, if the current dev can only open it on his main frame then you will need a powerful machine to operate the wallet.

bump

I hope we attract a very rich dev - 11.3bn BEE2 can be tempting