again, i'll reiterate.. my wallet is fine and has been in sync and staking for weeks.
seemingly Asiacoin were able to void the premine (by the same dev)
are we able to do a similar thing and get SHACoin back on track?
I made contact with maestro1, one of the devs on AsiaCoin a while back. This was his thorough response:
Hi
Thanks for contacting me. I understand that SHAcoin and AsiaCoin very likely had the same developer and the scam was very similar (same code underneath). frank123m contacted me a few days ago about this. Honestly I don't have the time or energy to do another project like that, reviving AsiaCoin was substantial work both in terms of development, marketing/communications and costs. It took the day and night work of 4 of us for a week, plus helps from people across the community (developers of two exchanges helped us test the code, developers of two other coins helped us with methodology, etc).
What I also suggested to frank123m was that if you guys can find a developer, he can look into our source code to see how we fixed the issue (the source code and our fix is very well commented), and if he has questions maybe we can help answering them or bringing him up to speed. Since the base of the source codes are the same it will not be a substantial programming work.
I also have some suggestions if you guys want to revive SHAcoin:
1. Get rid of the old thread, old developer account, everything. Start fresh.
2. Find someone with good trust ratings and positive history on the forums, who is also motivated and stands to gain a lot if SHA is to revive. Someone with time, energy and good communication skills. He can do a new thread, leaving the old one behind. The one who makes the new thread does not need to be the person who does the programming, in fact it has to be a marketing guy.
3. Start by a well-written plan, with full transparency.
4. Start raising funds as reviving a coin is costly for both development and marketing. Raise the funds in BTC, not in SHA as it's not currently spendable. Start accepting donations in SHA once the new wallet is released.
5. Track the premined coins on your block explorer, see where they are and if they are still being moved around. You may want to find the last block height that those funds were moved as you need to find the addresses you need to ban, and to decide where the fork happens to minimize damage.
6. Start a foundation and bring in people with commitment, fixing the source code is only 10% of the work. You guys are now responsible for promotion, marketing, and organizing the future of the coin.
7. You can use our work as a story to add motivation and to convince people that it's possible. And if you like, ask your people to support us by joining our thunderclap or voting for us at coinpayments.
I wish you all great luck. If you guys successfully revive SHA, it will be great for the whole cryptocyrrency ecosystem. It will be awesome!
Let me know if you have questions.
Reviving SHA is not as simple as just eliminating the premined coins. It will be hard work, as a community, to rebuild trust in the coin and get positive exposure to increase the value. If your intention is just to get to a point where you can dump your bag then this coin will still fail no matter the development efforts.
We would need a multipool to support the coin price.
Convince bag holders to hold and even buy more when others dump etc.
My first choice for a dev would be CryptoGir. He is a very good and well trusted dev. His previous work on the SHA wallet and on ZimStake proves that he is a capable dev. Not sure if he would be interested in getting his hands dirty on this again though. He is a bag holder but he might have decided it is not worth the effort. I am sure he is well aware of the efforts made by the new AsiaCoin devs and community.
I personally think the biggest risk in doing any development work on SHAcoin is that current bagholders will just dump what they hold as soon as they can to recover losses and call it a day and with that again rendering the coin worthless.
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