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April 03, 2018, 11:33:55 PM |
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I invested in a coin that’s basically dying because of bad management. One dev ran away after getting paid and the other doesn’t know what to do because he has no funds left. Too bad because investors were really pleased with the way things were going, the wallets were problem free and rewards were very nice. Me and some other community members would like to keep the chain alive and we’re looking at what options we have.
Since the main problem is no funds, the ideal solution would be to create a 10% community fund so we can use that to pay a new dev and get listed on exchanges. But is it even possible to alter an existing chain that way or do you need to fork it to make changes like that? It’s a Pivx clone btw.
Second question, would it be possible for an inexperienced person like me to fork this chain without making changes? Just to have a ‘backup plan’ and keep some nodes running on VPS (I have experience with that). The remaining dev considers swapping to a new chain with a 10% premine and the circulating coins added, just to be able to pay a new dev, which means my coins will be diluted more than 20% and future rewards will be smaller. Since it would be a manual swap he would also have all coins after that so I need to fork first if I want future options.
Last question, since I’m absolutely clueless to the amount of work involved, what would be a fair compensation in btc for a dev to implement that 10% tax or fork to a new chain with that tax implemented? Are we talking some small adjustments, or days/weeks of work?
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