I think there is no simple way to disable the premine block(s) without
- 'dev' having the chance to move them around to hide and save them
- regular miners loosing coins they got from 'dev'
The % idea needs to consider 2 points:
- premine still owned by 'dev' (= premine - paid bounties) does not count into the 100%
- considering the actual price of 1 Sat a change of i.e. 10 old = 1 new means loosing 90% of value
What I mean is: How can we cut out the premine without or with minimal impact to normal owners of this coin.
Maybe I am missing something or I am too greedy
Lets discuss this but don't let this discussion stop you from changing the algo
Right - so if we switched to a new FRESH chain he would loose all his pre mine regardless. The pre mine coins would NOT count as shares twards the new fresh block chain. (if we ere to switch totally to a new chain).
The actual price of 1 sat is NOTHING considering the only reason it even got to 1 SAT was because my group and others within the community PAID BTC to get votes on swiss cex and votes to get on c-cex. So worse case scenario we pay again to get CAC v2 - reloaded on the same exchanges giving the new coin the same value.
If we move to a new chain we can also drastically decrease the amount of coins from whatever billions to 10 million or so... this makes them more rare / scarce which should make them more valuable.
The main point here is we have a STRONG community - we should not kill it - we need to find a way to move forward and so I am proposing here all I can and offering all the help I can to migrate in the forward direction.