It was most likely intended to be a scam-coin. The dev planned to make a ton off of his initial mining, when everyone else had issues. He made it very evident he had no trouble mining in the beginning when the wallet wasn't even posted, and when it was, several thousand blocks had already been mined.
He probably saw that it would require a lot more work than he initially thought though. My guess is that he's moved on to another scam coin, or just went back to mining other currencies.
Either way, bolt seems to be dead, unless someone wants to hard-fork, or create a new currency and allow swaps.
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