★★★★ [CAIx] ★ First 100% PoS At Launch ★ PSP ★★★★

[axaxis]

Hi TheStuhlman,

I want to exchange my Caishen on Coinswap but I don't find the adress of the market CAI/CAIx !

Can you help me?

Thanks

[alicea]

Oh sh_t, you're right... I've just wanted to link you to this: https://coin-swap.net/market/CAI/CAIx where I've exchanged a part of my CAI yesterday, but it links to the main page now...

[renisel2]

Can someone explain to me what the rationale is for only providing enough CAIx to exchange about 80% of the supply of CAI that was mined? 

I have been mining this along with a number of other currencies and don't have the free time to read every thread post for every coin in its entirety.  I was relying largely on updates to the website and OP for information on exchanging CAI for CAIx.  I think that if there was going to be a hard deadline on making one-to-one exchanges, it should have been in the OP and in bigger, bolder lettering than the nearly meaningless updates.  Scanning through the posts, I would see a lot of discussion about CAI mining ending, but relatively little mention of the game of musical chairs that we were apparently playing.

In the end, I only spent a few dollars worth of electricity to get CAI that were worth something like $25 last time I checked--so this isn't the end of the world.  But I think it's worth mentioning that this doesn't seem to have been handled very well (unless I'm missing something, which I very well might be).

[TheStuhlman]

Can someone explain to me what the rationale is for only providing enough CAIx to exchange about 80% of the supply of CAI that was mined? 

I have been mining this along with a number of other currencies and don't have the free time to read every thread post for every coin in its entirety.  I was relying largely on updates to the website and OP for information on exchanging CAI for CAIx.  I think that if there was going to be a hard deadline on making one-to-one exchanges, it should have been in the OP and in bigger, bolder lettering than the nearly meaningless updates.  Scanning through the posts, I would see a lot of discussion about CAI mining ending, but relatively little mention of the game of musical chairs that we were apparently playing.

In the end, I only spent a few dollars worth of electricity to get CAI that were worth something like $25 last time I checked--so this isn't the end of the world.  But I think it's worth mentioning that this doesn't seem to have been handled very well (unless I'm missing something, which I very well might be).

We made way over the current supply at the time we started this transition process. CAI mined was about 800k when we started with this switch, the amount we set CAIx was about 1.6 million CAIx. So there was plenty of time to switch all CAI. We also said mining will continue till all the 1.6 Million CAIx have been exchanged so if we only made 80% no mining could have been done.

[UncleJaysus]

Can someone explain to me what the rationale is for only providing enough CAIx to exchange about 80% of the supply of CAI that was mined? 

I have been mining this along with a number of other currencies and don't have the free time to read every thread post for every coin in its entirety.  I was relying largely on updates to the website and OP for information on exchanging CAI for CAIx.  I think that if there was going to be a hard deadline on making one-to-one exchanges, it should have been in the OP and in bigger, bolder lettering than the nearly meaningless updates.  Scanning through the posts, I would see a lot of discussion about CAI mining ending, but relatively little mention of the game of musical chairs that we were apparently playing.

In the end, I only spent a few dollars worth of electricity to get CAI that were worth something like $25 last time I checked--so this isn't the end of the world.  But I think it's worth mentioning that this doesn't seem to have been handled very well (unless I'm missing something, which I very well might be).

I sympathise, but if you're going to hold a coin, you should pay more attention to what's going on with it. I mean, c'mon, alts are volatile - one day they're hot, the next day they're worse than worthless... if you don't keep a close eye on your coins, you're asking for trouble one way or another.

CAI to CAIx exchange has been mentioned loads of times on this thread, on Twitter and has been written about on crypto news sites... there was plenty of time to switch.

Unfortunate timing. Had you been a day earlier, you'd be fine.

[axaxis]

Hi TheStuhlman,

Your communication wasn't clear.

I don't see a definitive date or something about the hurry to exchange the coins.

I have mined your coin and I have made publicity for you.

Do something for those who has believed in you!

[klopper]

Hi TheStuhlman,

Your communication wasn't clear.

I don't see a definitive date or something about the hurry to exchange the coins.

I have mined your coin and I have made publicity for you.

Do something for those who has believed in you!

The switch to CAIx has been announced everywhere, I would say it has been impossible to miss. 18th of may have been indicated as final date... I think Stuhlman has done everything he could and more to create awareness and make the transition as smooth as possible. How could you miss this?

[Rabbit80]

I missed out..  

Didn't have access to my wallet until it was too late.. been mining since the start of CAI and now lost all my coins. Whilst I knew the end was nearing, I was under the impression that all mined coins would be available to swap and that the pools would go offline when 1.6mil had been mined.

[renisel2]

Can someone explain to me what the rationale is for only providing enough CAIx to exchange about 80% of the supply of CAI that was mined? 

I have been mining this along with a number of other currencies and don't have the free time to read every thread post for every coin in its entirety.  I was relying largely on updates to the website and OP for information on exchanging CAI for CAIx.  I think that if there was going to be a hard deadline on making one-to-one exchanges, it should have been in the OP and in bigger, bolder lettering than the nearly meaningless updates.  Scanning through the posts, I would see a lot of discussion about CAI mining ending, but relatively little mention of the game of musical chairs that we were apparently playing.

In the end, I only spent a few dollars worth of electricity to get CAI that were worth something like $25 last time I checked--so this isn't the end of the world.  But I think it's worth mentioning that this doesn't seem to have been handled very well (unless I'm missing something, which I very well might be).

We made way over the current supply at the time we started this transition process. CAI mined was about 800k when we started with this switch, the amount we set CAIx was about 1.6 million CAIx. So there was plenty of time to switch all CAI. We also said mining will continue till all the 1.6 Million CAIx have been exchanged so if we only made 80% no mining could have been done.

You made 80% of the total amount mined; the supply at the time you started the transition process is irrelevant for anything except use as a baseline from which to estimate future supply.  You set the time at which mining was to close, which should have allowed you to make a pretty accurate estimate of how many coins would be out there.  It sounds like you must have expected mining to end considerably sooner, which also points to poor planning. 

You said mining would continue until all 1.6 million had been exchanged--but that is not the same as saying that you will not exchange for the remainder of the CAI after that.  Why would people continue mining as the 1.6 million mark closed in and the possibility of not being able to exchange coins became more likely?  I can't help but wonder whether the poor communication of this point was intentional to some extent in order to retain an adequate supply of miners through the transition.

[renisel2]

Can someone explain to me what the rationale is for only providing enough CAIx to exchange about 80% of the supply of CAI that was mined? 

I have been mining this along with a number of other currencies and don't have the free time to read every thread post for every coin in its entirety.  I was relying largely on updates to the website and OP for information on exchanging CAI for CAIx.  I think that if there was going to be a hard deadline on making one-to-one exchanges, it should have been in the OP and in bigger, bolder lettering than the nearly meaningless updates.  Scanning through the posts, I would see a lot of discussion about CAI mining ending, but relatively little mention of the game of musical chairs that we were apparently playing.

In the end, I only spent a few dollars worth of electricity to get CAI that were worth something like $25 last time I checked--so this isn't the end of the world.  But I think it's worth mentioning that this doesn't seem to have been handled very well (unless I'm missing something, which I very well might be).

I sympathise, but if you're going to hold a coin, you should pay more attention to what's going on with it. I mean, c'mon, alts are volatile - one day they're hot, the next day they're worse than worthless... if you don't keep a close eye on your coins, you're asking for trouble one way or another.

CAI to CAIx exchange has been mentioned loads of times on this thread, on Twitter and has been written about on crypto news sites... there was plenty of time to switch.

Unfortunate timing. Had you been a day earlier, you'd be fine.

No, the volatility is exactly the reason to diversify and ignore the day-to-day news.  If you are trading them based on the breaking news on crypto news sites, you're asking for trouble. 

The details of the CAI to CAIx exchange may have been mentioned in many other places.  But it was absent from the two places where it should have been clearly explained.

[alicea]

May could and may should, but what about my coins?

best
Alice

[axaxis]

@klopper

I am sorry but I expect a response from TheStuhlman.

Other people think like me that the communication wasn’t good!

[axaxis]

@renisel2

I agree with your comments !

[alicea]

when will CAIX be added to cryptsy does anyone know  

f_ck cryptsy, we don't need it now

we need clear "how to" with our mined coins.... I like Chineese with their Caishen God of Prosperity but please, devs, do something working. Maybe this switch was NOT the good idea? Maybe it was too much? Maybe it would be enough to leave as it was? Remember old Polish saying "better is the enemy of good" = "when you try to improve, you make even worse sometimes".

Whoever had coins with greekpool can message me here or at freenode with his username he used to our pool to receive his coins. Due to some technical issues our pool has been down for days and working hard to make it work. You won't lose your coins. Thanks and I apologize for the inconvience

was it worth it? my coins are still somewhere in the space. am I the only one? hope so

[klopper]

WOW! 18.5 btc buywall @60k on mintpal. 

[Jacques21]

WOW! 18.5 btc buywall @60k on mintpal. 

Its good to see these big buy orders, a few more big ones on there now

[hermen]

昨天晚上我有CAI未确认，但今天早上打开看矿池是已经确认了，但是兑换CAIx却没有了，这是怎么回事了？为什么不能延长兑换时间？或者给矿池加快确认？我一直在支持CAI，从开始挖到最后，结果你们说18日兑换完毕，但是你得给大家留下充足的时间，不能让支持你们的人寒了心。

[bitjas]

WOW! 18.5 btc buywall @60k on mintpal. 

   Its now 51 BTC between 65k & 70k

[KeyserSozeMC]

WOW! 18.5 btc buywall @60k on mintpal.  

   Its now 51 BTC between 65k & 70k

Suddenly 51 BTCs buy support disappears and price goes to hell.

[flyare]

WOW! 18.5 btc buywall @60k on mintpal.  

   Its now 51 BTC between 65k & 70k

Suddenly 51 BTCs buy support disappears and price goes to hell.

U wrong