With respect to the whole CAI/CAIx issue, there was MORE than enough time to exchange the coins, with AMPLE announcement that the change was happening. Even me, as a crypto-noob, had no issues...I saw the drop-dead announcement of 5/18 deadline via multiple social media outlets weeks in advance, and exchanged my mined coins before then. The way cryptocurrency is currently, if you don't stay on top of it almost daily, you can have losses. The onus of loosing your mined CAI and your stake is on YOU, for not monitoring your investment...you cannot say that you lost your 50 Euro overnight due to no fault of your own and the coin creator/devs somehow OWE you for your inattention. Suck it up, and press on.
I wish people would stop spouting this BS.
The issue is not whether or not there was enough time - Time never entered the equation as there were a limited number of CAIx available and mining more than that number of CAI was allowed. This means that SOME PEOPLE were guaranteed to lose out. Good for you that you managed to exchange your coins - for other people it was not possible.
Up to about a week before the switch, I saw expected dates for mining ENDING of the 19th announced. Mining did not end and that date came forward to the 18th! For example this post on the evening of the 8th May:
this address shows total coins mined on CAI, so 1.6 Mill + 368K that will be destroyed = 1968000 to be mined on CAI
before the mining end. That puts the final day at around : 10.5 days from now.
Not everybody can watch the forums and twitter constantly - I was away with work when this process happened and had no access to my wallet which was secure on my home PC which was powered off. On the 19th when I returned home, it was too late (by just a couple of hours!)
Rather than putting people down who have lost out, how about thinking of other people before yourself and trying to help? TheStuhlman has said he will try to help others by using his own equipment on the mining pool up to the value of the CAI they owned on the 18th. My suggestion to anyone in the position of having missed the exchange is to PM TheStuhlman and hopefully he can still help.
I wish that people would stop saying anything that contradicts their viewpoint as BS. There was no need to watch twitter and forums daily...I did not. Yet I was still able to convert my small amount of CAI. Mining estimation as to the amount of days is just that...estimation. A couple of big miners having a power failure can change the ESTIMATED time significantly...by days. I am not putting people down, I am, however, frustrated reading that people who don't follow their investment in a VOLATILE commodity, such as a cryptocurrency, immediately cry scam and want to be made whole. People say that if this were BTC there would not be this kind of issue...but this is not BTC, it aspires to be, but not at this time. Are the issues with Darkcoin a scam? How about X11? And BlackCoin? All of the investors/miners/traders of those coins should be CRYING for their respective Devs to reimburse them for their trading losses. At some point, people need to move on with the "I didn't know that it was going to change...reimburse me" mindset.
When it comes to "being allow to mine more than the number of CAI that was allowed", do miners need to be babysat? If I knew that the deadline was around May 18th, which I did weeks in advance from all of the social media announcements, I stopped mining CAI and went on to something else. I didn't miss out on exchanging, but if I did, it would be my fault for doing so. Should the devs be responsible for those that AFK mine volatile cryptocurrencies?
I'm not an apologist, but I don't see a lack of communication by The Stuhl. I however, see a lack of people monitoring their investment, and crying "foul!" With the way these altcoins change in value by 20%-30% or more a day...one cannot honestly say that they put money into it and expected to sit on their investment for more than a week without monitoring.
And as for you, I am not attacking you personally, but can you seriously say that you have enough confidence in a cryptocurrency that you can put hard earned cash into it and forget about it for weeks+ (being out of touch at work), and expect to profit? This is not a CD or a bond.
Sorry for being harsh, but it's time to move on, or leave cryptocurrencies altogether since it's so volatile.
As an aside, I in no way speak for CAIx, or it's dev. I own about 3.2k total now, and have mined it since the beginning. Wallet address: XdT2HVVmjXH7bqoemmmKZdCmyZyPDu6VZu, with about a 1K on MintPal for trading.
