aaron_m
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November 10, 2014, 03:52:06 PM |
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One day for swap? Are you serious? What about people who don't read the thread every day or are not able to send their coins to the exchange today? They will lose their money, won't they?
We've been talking about it for weeks, but we're working on a backup plan. But they will have to be done manually after this, so there will be costs involved. Wise words! We should also find a way to avoid people will change money minted after the "swap", it doesn't make any sense.. if most of us switch to new dope, difficulty for old dope will plummet and , just an example, a 10% penalty is way too low... Yes, this is why we have to do the late exchanges manually, i was thinking 10% penalty for the first week, just to be fair on on users, but then every week give less, my currently plan is they send their privkey for old dope, I then send any eligible funds to their new dope address. I understand and appreciate the fairness towards users and their chance to change later at a small penalty. I'd like to know how is technically possible to discern post swap coins though. How we avoid people "cheating" mining new coins and requesting a swap later? My and community opinion: We all want a fair restart for this coin, this coin caused us already many troubles :-) My personal opinion: If we can't be sure new money will not be swapped, at 19gmt shut down nodes, ask exchanges to stop all "old dope" deposits and very sorry for who is late, you warned people enough.. I think we'll "play it by ear", if lots of coins are left over after the on exchange conversion then we'll make provisions for late comers. Any coins left over will be filtered back to active dopecoin users one way or another. I trust you man Cheesy Please explain me how the swap works. That's what i got but probably something is wrong. 1) 19gmt: you release new wallett, we have a brand new coin, chains can't intermingle. Correct2) A miner now have 2 choices: download and run new dope or stick with old one and swap coins on exchanges 1:1 (or 1:0.9 if we apply a penalty) kind of, miners need to move to new wallet or get less for their current coins, and 0 for any newly mined coins3) A smart miner would jump among the 2 chains according to network situation (if swap is succesfull and many people join the new coin it's a joy for the smart miner mining old dopecoin) In best of cases we have a 50%-50% network split at 1:1 (assuming both coins "produce" same amount of coins in a given time, but its not our case, new dopecoin is less inflationary if I'm not wrong, this would make mining old dope even more profitable) they wont be able to, all 3 exchanges are killing the old chain, we wont honer any coins made after 19:00 gmtNice workaround and good planning. Why don't you put up a countdown clock for the ones that are not living near GMT timezone...? http://www.timeanddate.com/countdown/generic?iso=20141110T19&p0=136&msg=Dopecoin+Coin+Swap&csz=1
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dopecoindude
Legendary
Offline
Activity: 1512
Merit: 1000
The Dude Of DopeCoin
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November 10, 2014, 04:45:01 PM |
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I've sent out the announcement to our Twitter/F.B account letting people know of the swap along with the timer.
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It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
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Hollowman338
Legendary
Offline
Activity: 1246
Merit: 1000
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November 10, 2014, 06:19:24 PM |
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I've sent out the announcement to our Twitter/F.B account letting people know of the swap along with the timer.
Retweeted. 40 minutes left.
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dopecoindude
Legendary
Offline
Activity: 1512
Merit: 1000
The Dude Of DopeCoin
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November 10, 2014, 06:19:57 PM |
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I've sent out the announcement to our Twitter/F.B account letting people know of the swap along with the timer.
Retweeted. 40 minutes left. Thank you! I see it
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It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
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monoxide
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November 10, 2014, 06:28:21 PM |
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I've sent out the announcement to our Twitter/F.B account letting people know of the swap along with the timer.
Retweeted. half an hour left. Ladies and Gents, get rrrrrrrreadyyyy for FRESH DOPE!
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dopecoindude
Legendary
Offline
Activity: 1512
Merit: 1000
The Dude Of DopeCoin
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November 10, 2014, 06:29:21 PM |
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I've sent out the announcement to our Twitter/F.B account letting people know of the swap along with the timer.
Retweeted. half an hour left. Ladies and Gents, get rrrrrrrreadyyyy for FRESH DOPE! NOM NOM NOM! Me like some Fresh DOPE!
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It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
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CryptoJohn
Legendary
Offline
Activity: 1680
Merit: 1003
Well, That's Crypto :-\
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November 10, 2014, 07:01:27 PM |
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Booom! Swap de swappaty swap!
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Hollowman338
Legendary
Offline
Activity: 1246
Merit: 1000
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November 10, 2014, 07:02:11 PM |
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Link to the new wallet? Time to start staking
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dopecoindude
Legendary
Offline
Activity: 1512
Merit: 1000
The Dude Of DopeCoin
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November 10, 2014, 07:02:53 PM |
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Booom! Swap de swappaty swap!
Haha ... looks like Bittrex & C-cex will be the two one exchange s we'll do this with!
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It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
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CryptoJohn
Legendary
Offline
Activity: 1680
Merit: 1003
Well, That's Crypto :-\
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November 10, 2014, 07:07:50 PM |
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Booom! Swap de swappaty swap!
Haha ... looks like Bittrex & C-cex will be the two exchanges we'll do this with! Whats this? The lead dev dropping in during the big swap....no big deal Thanks for popping in, good to know you are watching. Now, Let's do this!
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monoxide
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November 10, 2014, 07:11:19 PM |
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Booom! Swap de swappaty swap!
Haha ... looks like Bittrex & C-cex will be the two exchanges we'll do this with! Whats this? The lead dev dropping in during the big swap....no big deal Thanks for popping in, good to know you are watching. Now, Let's do this! Another proof of great Dev.
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dopecoindude
Legendary
Offline
Activity: 1512
Merit: 1000
The Dude Of DopeCoin
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November 10, 2014, 07:11:41 PM |
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Whats this? The lead dev dropping in during the big swap....no big deal I'm a lurker! Nah, we've been doing things behind the scenes. Thanks for popping in, good to know you are watching. Lurker, lurker!
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It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
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aaron_m
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November 10, 2014, 07:12:26 PM |
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Sorry having trouble getting hold of one of the exchanges.
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userpacman1
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November 10, 2014, 07:30:43 PM |
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One day for swap? Are you serious? What about people who don't read the thread every day or are not able to send their coins to the exchange today? They will lose their money, won't they?
We've been talking about it for weeks, but we're working on a backup plan. But they will have to be done manually after this, so there will be costs involved. Wise words! We should also find a way to avoid people will change money minted after the "swap", it doesn't make any sense.. if most of us switch to new dope, difficulty for old dope will plummet and , just an example, a 10% penalty is way too low... Yes, this is why we have to do the late exchanges manually, i was thinking 10% penalty for the first week, just to be fair on on users, but then every week give less, my currently plan is they send their privkey for old dope, I then send any eligible funds to their new dope address. I understand and appreciate the fairness towards users and their chance to change later at a small penalty. I'd like to know how is technically possible to discern post swap coins though. How we avoid people "cheating" mining new coins and requesting a swap later? My and community opinion: We all want a fair restart for this coin, this coin caused us already many troubles :-) My personal opinion: If we can't be sure new money will not be swapped, at 19gmt shut down nodes, ask exchanges to stop all "old dope" deposits and very sorry for who is late, you warned people enough.. I think we'll "play it by ear", if lots of coins are left over after the on exchange conversion then we'll make provisions for late comers. Any coins left over will be filtered back to active dopecoin users one way or another. I trust you man Cheesy Please explain me how the swap works. That's what i got but probably something is wrong. 1) 19gmt: you release new wallett, we have a brand new coin, chains can't intermingle. Correct2) A miner now have 2 choices: download and run new dope or stick with old one and swap coins on exchanges 1:1 (or 1:0.9 if we apply a penalty) kind of, miners need to move to new wallet or get less for their current coins, and 0 for any newly mined coins3) A smart miner would jump among the 2 chains according to network situation (if swap is succesfull and many people join the new coin it's a joy for the smart miner mining old dopecoin) In best of cases we have a 50%-50% network split at 1:1 (assuming both coins "produce" same amount of coins in a given time, but its not our case, new dopecoin is less inflationary if I'm not wrong, this would make mining old dope even more profitable) they wont be able to, all 3 exchanges are killing the old chain, we wont honer any coins made after 19:00 gmtLet's say I send you 10,000 dopecoin to swap. How can you tell how many are pre and how many are post swap? That's what I don't understand.
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dopecoindude
Legendary
Offline
Activity: 1512
Merit: 1000
The Dude Of DopeCoin
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November 10, 2014, 07:31:51 PM |
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My new shiney wallet! Love it!
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It is here folks. DopeCoinGOLD . The #1 Crypto-Weed Coin.
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userpacman1
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November 10, 2014, 07:32:59 PM |
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What should I do with my coins on Bittrex then?
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aaron_m
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November 10, 2014, 07:35:38 PM |
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What should I do with my coins on Bittrex then?
Just wait, soon they will be new dope, you can then send back to your wallet for staking.
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aaron_m
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November 10, 2014, 07:36:57 PM |
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userpacman1
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November 10, 2014, 07:37:08 PM |
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What should I do with my coins on Bittrex then?
Just wait, soon they will be new dope, you can then send back to your wallet for staking. Cool, thank you.
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