Hi,
about the swap: what if people don't swap all 80+ coins till January, 10, 2017, will they be able to swap coins after, if they have them stuck on the old chain?
People will swap until block #1990382 (84 coins) + 42 hours, the remaining new coins will go to the development. The old coins will stuck on the old chain.
Are you certain it is a good idea to mine a coin with 0 reward?
The better idea would be to swap 83 coins and to leave only 1 coin for mining for years with halving rewards every year so that the limit of 42 coins will be reached never, people will be glad to mine it even for small rewards and it will support the block chain over long term.
It is impossible to leave 1 coin for PoS for years: only very big inputs will give a reward - that is not good for the network, the small inputs will give zero due to the rounding in the formula of PoS reward calculation. In case of PoW, the block reward will not cover the costs...
I think, if you are holder, you
must support the network. Moreover, with PoS it is not so difficult. To run 42 as full node you just need to keep port #24242 opened (#4242 for the new chain).
I think it's not fair that people who don't know about a swap (there are many long term investors since 2014 who are not active) will not have a chance to swap coins after January, 2017. Some people have bought coins and thinking it's decentralized just hold it long term and don't look at forum. When finally they will disclosure that their coins are stuck, and no chance to swap them, they will say they are scammed, and they will be right. It will hurt a coin in future.
I will send a PM to everybody, who was active (more than one msg) in 42 threads since 2014. There will be a notice on cryptopia too. As an exception, I will let the people to swap after the January, 2017, if their old coins were not touched after the block #1990382 and we will have remaining the new coins.
The block reward can cover the costs in future when (if) 42 coin will have a large market cap.
Even if not, people are ready to mine until they believe in bright future even if it's a very small reward.
Who will mine nowadays with so small reward? We already have lack of miners (and regular stuck of blocks) due to the current low reward/price.
I understand that the block reward can cover the costs in the future, the same as tx fee. That is why PoW reward will be 0
+ tx fees.
Poll
