The new team is called a gang of robbers, want to rob the remaining results. Deceive us again

Release Notes:

• Removed block reward voting and implement hard cap of 48m TAC with halving every 1.5 million blocks
  
  
• Removed dev fund* voting, fixed dev fund to 3% of mining reward, all funds sent to: ToZLw9DGGw2e6USazXQNY25YpdiUDwMNpM
  
  
• Reduce chat fees** and redirect to: TwdzYBNxCHzWwSiuDb7TgMjQxMLbGeVswM
  

Full source changes for v2.0 can be found here: https://github.com/Talkcoin-Team/talkcoin/commits/master-0.8

*Dev fund will now be made public and used only to pay for actual development, promotions, giveaways or any other activity people are doing to add value to Talkcoin.

**Due to the hardfork Chat fees won't be destroyed to reduce the supply.  Instead all chat fees will be given back to the community through faucets and giveaways.

Release Notes:

• Removed block reward voting and implement hard cap of 48m TAC with halving every 1.5 million blocks
  
  
• Removed dev fund* voting, fixed dev fund to 3% of mining reward, all funds sent to: ToZLw9DGGw2e6USazXQNY25YpdiUDwMNpM
  
  
• Reduce chat fees** and redirect to: TwdzYBNxCHzWwSiuDb7TgMjQxMLbGeVswM
  

Full source changes for v2.0 can be found here: https://github.com/Talkcoin-Team/talkcoin/commits/master-0.8

*Dev fund will now be made public and used only to pay for actual development, promotions, giveaways or any other activity people are doing to add value to Talkcoin.

**Due to the hardfork Chat fees won't be destroyed to reduce the supply.  Instead all chat fees will be given back to the community through faucets and giveaways.

Release Notes:

• Removed block reward voting and implement hard cap of 48m TAC with halving every 1.5 million blocks
  
  
• Removed dev fund* voting, fixed dev fund to 3% of mining reward, all funds sent to: ToZLw9DGGw2e6USazXQNY25YpdiUDwMNpM
  
  
• Reduce chat fees** and redirect to: TwdzYBNxCHzWwSiuDb7TgMjQxMLbGeVswM
  

Full source changes for v2.0 can be found here: https://github.com/Talkcoin-Team/talkcoin/commits/master-0.8

*Dev fund will now be made public and used only to pay for actual development, promotions, giveaways or any other activity people are doing to add value to Talkcoin.

**Due to the hardfork Chat fees won't be destroyed to reduce the supply.  Instead all chat fees will be given back to the community through faucets and giveaways.

No man, not because of price - because of lack of motivation. Devs (including me) invested in this project over 4000$. Never had a single dollar back from it, and now they just don't see point in spending more. Dota  2 alone will consume same amount from their pockets, and for what? The results of the tournament was just another price drop. I can offer myself to throw away another 2-3 couple of BTC's, but they may be not. Fundraiser would be an option, but again - how much will it give? 2 BTC's? That will support 2-3 weeks of coders time if we use really cheap workforce. Project of this magnitude requires more than they ready to invest, even since I know for a fact they can afford it.

Dev does not want to post because he can't commit to a certain decision. If he tells that he continue - he will therefore will have to post what exactly his plan. If he will say that its over - well he just dont want it to be over I guess.

the Team is so cool,they will not say one words about the apology!I am sure of it.

Hodor, hang tight.  This is the worst time to leave, right before we takover.  It's stressful for all of us, we just have to work through this.  Soon we have solid supply model without voting for a change, that's a lot of progress right there.  People who are complaining now, at least we won't have an infinite supply and as a currency it will be solid, then we focus on the tech. 

TAC is only a few months old, the average IT project takes 3-5 years, we are still in the distribution phase.

i think anyone with half a brain can see that last 3 months despite of features and developments, price fell 80-90%(from average of 4-5k to 500-600 satoshi). 3 Months ago we had smthing like 3M coins, now the demand is almost dead(no serious buyers in exchanges) we have 9M coins and you want to keep the speed of production of supply as its before, this doesn't make sense.This way, you will lose current investors as well they will dump their coins instead of buying more.

Are you mining the coin right now ? Are you planning to mine it ? How much hashing power will you put on it to support the network (now, tomorrow in a week, in a month later on ?)
How much TAC will you still have in 2 weeks after the take over (assuming the coin peak ?).
That's the question you should answer.

K-meister,

My team mates dealt with your points already and I support them 100%.  

It's natural for some investors in this situation to think if they can chop off supply and get rich quick.  The problem is new investors and miners aren't that stupid.  Stupid meaning mental capacity of a moldy potato.

Anyway, playtime is over.  Please let the grown-ups continue busting a nut all day trying to rejuvenate this coin with a realistic long term plan to rebuild all our investments through delivering value and a secure, decentralized and anonymous communication service people are going to want to use.  

Please let me know how your takover goes.

cheers

Andy

Open letter

To: Whoever is making the decisions for talkcoin
CC: The rest of the talkcoin team.
BCC: The rest of the talkcoin community.

My name is Ko^lin Bur^ges (sic), I'm known for representing the bitcoin community against MtGox and for representing bitcoin in the media.
I'm a holder of talkcoin, I'm writing this because I'm concerned about what's going on here, both with the details of the takeover plan and the way it's looking more and more like a hostile move.
I have been speaking with other talkcoin holders about this and right now I am writing this on behalf of the owners of over 25% of all talkcoins in circulation. [If you're a coinholder and I haven't spoken to you yet, please see the end of this letter.]

It's not ok to wait until 6 days before the plan to fork to your inflation strategy before telling anyone about it, then to try to force it through even though the community clearly has major problems with it. You haven't managed to answer anyone's concerns, all we're getting is more and more rhetoric from the talkcoin team and this is worrying. I have made several important points and questions and none have had any serious answer.

The plan for inflation goes against all common sense and is going to be disastrous for talkcoin. Inflation at 21.6% of the current market cap per month will keep the value very low and will scare away any potential new investors. And at the same time the existing coin holders will lose most of the value of their holdings. Miners will stop mining when they realise they can't sell their coins any more, and I'm not sure we're so far from that point right now.

I can't figure out why you would even want to do this? And you haven't come up with examples of other modern-day coins which run on such a massive long term inflation model and survive. We have already tried it and it failed miserably. You say you've looked into the economics of it but for some reason you won't share with us what they are.
Some people are saying your motive could be to mine huge amounts of talkcoin for yourself/selves while it's worthless, so low mining competition, and then try to revive the price later. I don't believe this is the case, but your refusal to listen to reason is just going to fuel thoughts like these.

You'll be chasing away not only the current talkcoin holders but current and future potential investors. Take a look at what's going on on bittrex. As I type this there's a steady slope down from 1440 before your announcement to around 550 now, and a volume that has fizzled down to 0.18 bitcoins. Soon it could go below the 0.1 bitcoin volume which is necessary to remain on bittrex. Nobody has any confidence in this plan. I bet the only reason a lot of people are not cashing out their holdings right now at rock bottom price is that they can't - there are virtually no buyers left to cash out to! We have reached almost total collapse.
Please don't say that's down to marketing. Marketing doesn't explain the drop since last week. Marketing is bad but we don't live in an information vacuum and there are investors who have been watching this coin. There are also current holders such as myself who would buy more if the future looked promising. But as you can see, nobody's touching it with a bargepole. By the looks of the volume, not even yourselves!

If your plan is to be biased towards miners, this is deeply flawed and you're not doing the miners any favours. Giving miners a large fraction of a worthless coin is less rewarding than giving them a more reasonable fraction of a coin which has value and potential.
If your aim was to stock up on some cheap/easy talkcoin for a while and then hope it will pick up some value in May 2015 after the halving, or May 2016 after two halvings, it's simply not going to happen because we'll be competing against a new, advanced generation of coin technology. 9 months is an epoch away in crypto terms and for one thing we've got etherium looming on the horizon which will turn the altcoin industry on its head. Unless talkcoin has an already established market by then, it won't survive.

To be clear, we're not criticising your work on talkcoin. The large amount of inflation and the voting system were built into the coin before you came along and that's what brought it to its knees originally. We really appreciate the team's work and what you've been doing to try to fix up talkcoin.

But we have to do something about the disastrous inflation plan because our investments are at critical risk.

We would like to see the reasonable figure of 5 tac per block, which still comes to a whopping 650,000 TAC per month or 7.2% of the current market cap. This is still very high inflation compared to other coins, and personally if I had my way I would not have this many. But the boost this will allow to happen to the value compared to the current situation, as well as the extra stability, will give a much more palatable package to miners, potential investors, and current holders.

If you go ahead and try to force us down this path, we will not recognise you as the official developer and we'll do what we have to to get control of our coin. I've committed to heading up a new team if it's necessary. Please don't let things go this far!
I hope we can all work together. I want to see you guys running the coin and I hope I will be able to support you in this and help out if I can, but it absolutely has to be in the clear interests of the coin.

Kolin

*** If you're a coinholder and you agree with our aim to stop the crazy inflation, but I haven't spoken to you yet, please help us by sending me a personal message on bitcointalk to indicate your support. ***

Trying to introduce scarcity by heavily reducing the block reward will not do any favours long term. Outside this will be seen as an act of greed and unfair to new investors after the block reduction, it would in no doubt give advantage to those who got in before the block reward reduction. All that would do is scare investors away long term.

The plan put forward is a sane one and will see a reduction in coin supply over the long term by sticking to the more conventional inflation model put forward by Bitcoin. A reward halving at 1.5m blocks is within the first year. Artificially trying to reduce the coin supply outside of a well thought inflation model will only see a short term benefit if that. Those who are interested in the long term survival of Talkcoin will appreciate the plan put forward by the Talkcoin team which is made up of the most prominent members of Talkcoin. There are no better people to look after Talkcoin's well being and those who have been following Talkcoin will be very familiar with them.

I believe that the changes happening now are Talkcoin's best chances of longevity.

Wasn't a scam, but right now, dev is pulling the trigger on his own coin, so I guess is the same. what I can't understand is why he acumulate 500k mins, he got 250k coins (19/07), and 3 weeks later he abandon the whole project?

Maybe you can ask that guy : Maidak
https://bitcointalk.org/index.php?action=trust;u=35312

Have escrowed certains service for more 100 BTC with good trust!

Maybe!

We will have to wait till I hear back from the new owners.



Up almost 800% today.

Yes I do I will send coins out by Friday.



I have asked the new owners if they would be willing to put 100BTC in escrow to prove that they are serious about the buyout.  I will let you know when I hear back from them...  who could be trust with 100btc? maybe an exchange?