Digital Credits : Proof of Burn Discussion Thread | burns canceled do to attacks

[uki]

I am a little confused about what this news is.  Am I understanding that something happened to the floz chain?  I am relieved to hear that dgcs is ok.  Do you have more details to share?

Every coin we target for burn is getting attacked. For DGCS it means we are getting out of the burning business and going to refocus on something else. What that is I don't know yet. I'm gonna take a few off this project and take a much needed break from the internet. After that, with suggestions from the community, we will regroup into something different.

How long do you think you will need for that refocusing? It is important for DGCS investors to know that the project will have the continuity.
I like the idea of burning old coins, giving a second life to long forgotten coins. I belive, most of the people staying in crypto for more than one month have already experienced 'bag holding'.
A pity that this idea got abused by attackers and you got burned on burning. Looking forward to hearing from you, once you are back.

[bumbacoin]

there are a few ways that i can think of to help the process

- create a centralised chain for the swap. this will be the official chain. must have acceptance by exchanges (eg c-cex)
most PoS code has a centralised server checkpointing inbuilt, just need to build clients that accept your centralised server.
i'm not sure about how you'd manage PoW though, perhaps using a centralised pool?

- using btcpool. allow deposits for 1 week. close deposits for a few days/week/whatever. then auto swap process, any coins on the exchange will get swapped.
 this will mean any chain attack will have to unwind the few days/weeks/whatever worth of blocks. athough doesnt prevent multiple forks from happening.

- take a snapshot of chain. use that with users offereing proof of ownership. more work, no actual swap or burn as you don't do anything to the swapcoin.

[intristin]

I am a little confused about what this news is.  Am I understanding that something happened to the floz chain?  I am relieved to hear that dgcs is ok.  Do you have more details to share?

Every coin we target for burn is getting attacked. For DGCS it means we are getting out of the burning business and going to refocus on something else. What that is I don't know yet. I'm gonna take a few off this project and take a much needed break from the internet. After that, with suggestions from the community, we will regroup into something different.

How long do you think you will need for that refocusing? It is important for DGCS investors to know that the project will have the continuity.
I like the idea of burning old coins, giving a second life to long forgotten coins. I belive, most of the people staying in crypto for more than one month have already experienced 'bag holding'.
A pity that this idea got abused by attackers and you got burned on burning. Looking forward to hearing from you, once you are back.

I'm still here man, promised from the beginning I would not dump and abandon, Nothing changes. Our block chain is very secure, I doubled the nodes I personal control to over 50%. Not to mention I still hold the burn fund.

Plan is simple, we will be moving to a POS/POW model with a completely new blockchain. Current credits will be swapped two to one for the new credits, this will lower the supply and jack up the price. THE BURN FUND WILL NOT BE SWAPPED! It will be destroyed. We plan to slightly increase the PoW and PoS rewards and move to a new algorithm. This part of the plan is still be discussed.

At the end of the day, your investment is protected. A lot of dumping has happened over the last few days. and I am happy to say I'm getting a lot of cheap DGCS in the process. We are shooting for march 1, might be April 1. It's 50/50 at this point as we work out what it will cost.

[uki]

I'm still here man, promised from the beginning I would not dump and abandon, Nothing changes. Our block chain is very secure, I doubled the nodes I personal control to over 50%. Not to mention I still hold the burn fund.

Plan is simple, we will be moving to a POS/POW model with a completely new blockchain. Current credits will be swapped two to one for the new credits, this will lower the supply and jack up the price. THE BURN FUND WILL NOT BE SWAPPED! It will be destroyed. We plan to slightly increase the PoW and PoS rewards and move to a new algorithm. This part of the plan is still be discussed.

At the end of the day, your investment is protected. A lot of dumping has happened over the last few days. and I am happy to say I'm getting a lot of cheap DGCS in the process. We are shooting for march 1, might be April 1. It's 50/50 at this point as we work out what it will cost.

Great to hear that you are around. Looking forward to the new phase of DGCS! It looks like the dumping has run out of coins for the moment and the price rebounded. Let's see if this continues, and DGCS is free of the accusations, ready to write new history.

[HarryPorter]

so now we need to trace this thread to not miss swap period - if this is the best way to secure chain&coin thats fine.

[midnight_miner]

I ask that you keep the swap period open long enough.

I find with PoS coins ppl tend to leave them stake and forget to check-in on the dev forums until the wallet loses all its peers.

[opmac]

Watching this coin now.

Any recent updates?

[intristin]

Swap will be announced in advance. Just subscribe to this thread and you will get a 7 day warning. 

[opmac]

Thanks for the update Dev

[bwstacker1]

is alro still sha256? for now

[kahir]

I am a little confused about what this news is.  Am I understanding that something happened to the floz chain?  I am relieved to hear that dgcs is ok.  Do you have more details to share?

Every coin we target for burn is getting attacked. For DGCS it means we are getting out of the burning business and going to refocus on something else. What that is I don't know yet. I'm gonna take a few off this project and take a much needed break from the internet. After that, with suggestions from the community, we will regroup into something different.

How long do you think you will need for that refocusing? It is important for DGCS investors to know that the project will have the continuity.
I like the idea of burning old coins, giving a second life to long forgotten coins. I belive, most of the people staying in crypto for more than one month have already experienced 'bag holding'.
A pity that this idea got abused by attackers and you got burned on burning. Looking forward to hearing from you, once you are back.

I'm still here man, promised from the beginning I would not dump and abandon, Nothing changes. Our block chain is very secure, I doubled the nodes I personal control to over 50%. Not to mention I still hold the burn fund.

Plan is simple, we will be moving to a POS/POW model with a completely new blockchain. Current credits will be swapped two to one for the new credits, this will lower the supply and jack up the price. THE BURN FUND WILL NOT BE SWAPPED! It will be destroyed. We plan to slightly increase the PoW and PoS rewards and move to a new algorithm. This part of the plan is still be discussed.

At the end of the day, your investment is protected. A lot of dumping has happened over the last few days. and I am happy to say I'm getting a lot of cheap DGCS in the process. We are shooting for march 1, might be April 1. It's 50/50 at this point as we work out what it will cost.

well it seem the the burn funds you talking about are for sale at 2/3 satochi ....

[opmac]

I am a little confused about what this news is.  Am I understanding that something happened to the floz chain?  I am relieved to hear that dgcs is ok.  Do you have more details to share?

Every coin we target for burn is getting attacked. For DGCS it means we are getting out of the burning business and going to refocus on something else. What that is I don't know yet. I'm gonna take a few off this project and take a much needed break from the internet. After that, with suggestions from the community, we will regroup into something different.

How long do you think you will need for that refocusing? It is important for DGCS investors to know that the project will have the continuity.
I like the idea of burning old coins, giving a second life to long forgotten coins. I belive, most of the people staying in crypto for more than one month have already experienced 'bag holding'.
A pity that this idea got abused by attackers and you got burned on burning. Looking forward to hearing from you, once you are back.

I'm still here man, promised from the beginning I would not dump and abandon, Nothing changes. Our block chain is very secure, I doubled the nodes I personal control to over 50%. Not to mention I still hold the burn fund.

Plan is simple, we will be moving to a POS/POW model with a completely new blockchain. Current credits will be swapped two to one for the new credits, this will lower the supply and jack up the price. THE BURN FUND WILL NOT BE SWAPPED! It will be destroyed. We plan to slightly increase the PoW and PoS rewards and move to a new algorithm. This part of the plan is still be discussed.

At the end of the day, your investment is protected. A lot of dumping has happened over the last few days. and I am happy to say I'm getting a lot of cheap DGCS in the process. We are shooting for march 1, might be April 1. It's 50/50 at this point as we work out what it will cost.

well it seem the the burn funds you talking about are for sale at 2/3 satochi ....

Ya looks as though this dev took people for a ride.

I was thinking the same about the burn fund when that huge dump took place a couple days ago.

Dev nowhere to be found now. Not surprised though

[Arrakeen]

I miss DGCS...was a fun time, burning through all those dead coins...wish we could do it again

What's next? swap? burn? these comments are confusing 

will be watching though!

[blocks4all]

wallet is not sync? what happen to it?