This coin is dead. The site is dead. The Facebook page is dead. However, always an optimist, I would like to see if it were possible to recreate Teacoin into a viable alternative way to buy/sell tea and tea products to people. However, a total reset is required to reboot this coin.
I propose we attempt to, first, take over the Facebook page, by whatever means are legally at our disposal. Nobody goes there anymore anyways. So it would be a clean slate. Then, we create a new wallet, with a PoS coin, but a totally different way of getting Teacoin. You chat. It would be known as PoC (Proof of Communication). For every "cycle" of communication between two wallet users (a "query" and a "response"), you earn .25 TEA. An algorithm checks that certain communication parameters (standards) are met, before issuing the coin.
Once we have the new wallet up and running, we offer existing "old Teacoin" holders a one time opportunity. They can trade up to 1,000 "old" Teacoin for 10 new Teacoin. Why is the trade value so low? Because all we're doing is giving old Teacoin holders an onramp to the new Teacoin and the amount of Teacoin required to buy/sell will be realistic and not tied to fiat value or other value. The old TEA has no other value. Just delete your old wallet and forget about it after the trade.
Certain new rules wll be in effect. You cannot possess more than 1,000 TEA at any one time. Value of product + shipping must be completely valued in TEA (not to exceed the total amount any one person can hold, which would be quite excessive, to expect that much, but not disallowed). You must have a desire to not only want to SELL tea products, but BUY them as well. Thus, if you dont like tea... why bother? TEA will have no value outside of the TEA community (network of Teacoin wallet users). I think a new whitepaper is in order, to lay out all the in's and out's of this new venture.
Anyone interested?
Well I think that it could be possible and it would be for sure interesting to see how will it develop.
