It's one thing to help.  It's another thing to create a fork and then just "slide it out there".

Wait wait wait... you're telling me that a "fix" was pushed by someone OTHER than the dev team?  And you're asking us to willingly get on a fork run/started by a rogue pool?

That's freaking ridiculous.

To top it off, that means Criptoe has had EXCLUSIVE access to this fork for how long now at a ridiculously low difficulty?

I'm sorry... this is bullshit.  Totally unacceptable on every level.

How about... no.

Frankly, I hope I'm wrong.  KDC has been the best coin (up until the fork that is) I've seen come in a long long time.  It deserves some staying power.  It's just sad that profits got in the way of logic.  But hey, money happens.

At least there's been some community progress as well it seems, so it might not be a total loss in the long run.

I think you all are overestimating what this fork is going to do for the coin... but it'll be a fun ride.

We're sure enjoying it at PoolMineWith.Us!

Hope you all are ready - KDC is currently the publicly most profitable coin to mine.  Multipools will be on us shortly.

Which begets problem number 2 - with multipools comes automated dumping.

Happens a lot with them.

They don't want only new users.  They want to make the changes FAIR enough to attract new users, but also to keep the existing users happy.

As renfeit asked a few posts up, what newcomer would mine a coin that would have already had 1/3 of its coins already mined in a month? On the surface the answer would be nobody since it looks like the easy money is long gone (yes, I said it - no offense meant).  THIS is what the devs are trying to figure out... how to make THAT work with as little negative impact to the current holders (you) as possible.

Like I said, we are ALL going to have to compromise some if we want to make this coin work for the long term.  Otherwise you'll have spent your time mining something completely worthless anyway.

Manwe - this thread has turned into an open dialog as to how to save AKC as a whole.  The vote is non-withstanding at this point, I'm sure pretty much everybody can agree.  Harping on the same thing over and over again isn't being constructive to the situation.

The devs are trying to understand the situation better and get a handle on things.  I'm pretty sure they understand your frustration along with everybody else's.  You have to understand that they're probably a bit frustrated right now too.

This is the hurdle that this or any incumbent coin would face in this position.  You see the backlash of the current coin supporters, however losing them and/or causing a second fork of the coin would be detrimental to the coin in name.  As has been said, you'd just be better off starting a whole brand new coin.  Having existing people that support the coin is necessary - without them you'd be fighting an even bigger uphill battle, and again, you'd just be better off abandoning the coin all together and starting from scratch.

The only major thing going for it in this scenario is that it's not a private premine.  That helps a lot, at least in my eyes.  I would think it would in everyone's as well.

To answer your follow up question, ideally I wouldn't put the coin extension past 2 billion coins.  That puts the coin at 20% mined rather than 33%, but again, the higher you put that number the higher the perceived dilution of the current shares that people hold and hence the more resistance to any such plan you'll get from current supporters.

It's a balancing act that gets to be played.  You can't make everybody happy here which is why I said EVERYBODY will need to compromise.

Here's the way I see it folks... if you DON'T change anything about the coin, what you've mind will be worth exactly ZERO since no exchange will pick up a coin that will be completely mined out a month from now.  A month from now nobody will be mining it, so even if you had set up a private buyer for your stash, they'd never receive it because there'd be no network to make the transfer or confirm the transaction with.

Make no changes, AKC is worth 0.00000000 satoshis.  Period.  End of story.

The changes proposed by the devs are ... let's say ... a wee bit overbroad.  But they ARE a step in the right direction.

#1 - They DON'T devalue current holdings of anybody that mined.  Why?  
- Current holdings != total final money supply.  It's only a long-term stigma attached to the value of the coin that people need to get over.
- AKC **has no exchange** currently.  It has no tangible historical market value.  If anyone bought/sold AKC privately, then yes they have a vested interest, but that's not a public tangible historical value on the coin.
- Because of these things the value of AKC isn't even set.  It's somewhere between 0 (which is a given with the current coin parameters) and ? (depending on how it forks out).

#2 - There's no need for 10 billion coins, but to be fair for new incoming miners the total coin pool SHOULD be increased.
- Think about it, all of you current miners basically had what amounts to a month of exclusive access to the coin.  If the devs fork it in such a way to extend the remainder of the original 900 million coins out to, say, 5 years, that means in a month of mining all of you will have had the luxury of mining roughly 50% of the coin exclusively, and would profit ridiculously from any pricing effects because of it.  Would new miners mine or buyers buy AKC if they knew that?  I think WE incumbents need to be willing to compromise some here too.

Perhaps a compromise would be in order.

Extend the coin supply by 33%, that would put us at 1.2 billion total AKC (adding 225 million coins), and reduce the block reward by 25% immediately followed by an aggressive halving at a schedule to bring the coin to a 3 or 5 mine-able year supply (depending on which is more feasible).

- This will allow the coin to remain mine-able well past the original 2 month schedule.
- The extended coin supply will partially mitigate the perceived heavy "premine" that the early adopters get, but will still be small enough that it will give early adopters a bonus against the perceived dilution.
- The immediate block reward reduction and fairly aggressive halving schedule should keep the coin value in check against both the dilution as well as the the total coin supply.
- The coin parameters should now be considerably more reasonable in general for the longevity of the coin as well as potential exchange and marketing pickup
- It's not as radical a departure from the initial AKC design, but it does lose some of the flavor of the coin.  The good thing is that it still holds true to what AKC is.

I apologize to the AKC devs for not getting involved in the process earlier when asked for input.  I've had a lot on my plate, and I really didn't want to get too involved in a project like this when I don't have time to commit to it.  I love the concept of AKC - a coin that's FAIR without the notion of making a QUICK BUCK at the EXPENSE OF OTHERS (see what I did there folks?).  That's why I'm speaking up now.

This coin is going to get forked one way or another people.  Either you can all work on making the coin viable, or you're probably going to end up with a pair of coins that nobody is going to want.

Honestly folks - think about it...

• The block reward stays pretty much consistent through the life of the coin.
• The coin now has life past 2 months.
• It preserves a reason to mine it with little diminishing return for miners.

Sure, you lose the "rarity" of the coin now that its mineable for 10 years instead of 2 months, but let's face it - if nobody is mining it, then nobody will be on the network to make the transactions work and the coin will be dead anyway.  This is a PLUS.

Wait a sec, you're putting in KGW, but the diff retarget is still 30 blocks?   Is that a typo?  How the heck does that even work?  KGW is meant to be used on a per-block retarget basis.

What would really make AKC take off... if we could coincide the update with an exchange.

Good luck devs.  If TopCoin hasn't taught you anything, well, you're gonna need it.

Either way - PoolMineWith.Us will be ready.  We've stood by KlondikeCoin since the beginning, and we'll stand by it until the end.

Bring it on.

The short answer to placebo's query is things like ^^^ this.

More community reasons for the coin to exist and be used, otherwise it's "just another coin".  I'm pretty sure that was already answered dozens of times.

Not going to bother registering for yet another forum, but whatever the case is best of luck to your coin.  None of these ideas are legitimately viable for long term longevity of the coin in general.  They're just going to shift some short term profits around, that's all.