so im not understanding , is the swap not happening ?? whats the verdict??
I am not sure what exactly is going-on. I don't remember electing anyone to do anything, or voting on anything. After my initial suggestion of the take-over, the person who seemed to be taking it over, just started spewing-out things that didn't seem in the best interest of anyone except himself. (Or some other unseen person/persons.)
He mentioned something about getting a community vote, but I woke to find no vote, and a proposal that just didn't make sense. (From any angle.)
I would assume that the person who was going to lead the development, was somehow extorting him. I can't think of any other reason for that rush on doubling and the super-short POW phase. In all honesty, I was just going to rent a crap-load of miners and throw them at the coin for an easy 5-million more coins. xD Why have one, when you can have two for twice the price!
In any event... He has not contacted us, or the exchange, since the last mention of the proposal. He didn't hesitate to throw-up the donation links to his personal account though. Donations are fine, but not without some kind of escrow-service or prior trust in an individual or team. I didn't see a team, just an individual that was not listening (or replying) to anyone.
Keep your coins in your wallets, raise your sell-orders unless you actually want out, and buy a few if you can spare it. If only to hold the floor, while we come-up with an actual "Community" solution, that we agree with. We all have some stake in this, others more than some, but this is still an "Us" thing, not an "I" thing. I would not doubt if he just ran-off to make a whole new coin. xD (Seems to be the thing to do now.)
We do need to get a block-explorer back up again. The wallet, well, we can wait on that for the time being. I have to shoot some ideas to my marketing buddies, and see what we can do to pull as far away from the HonorCoin image, as possible.
I do, however, like the idea of POW being reinstated. Without POW, there really is nothing to add value to the coin, unless we have that multipool. That would mine other coins, but reward with this coin, which is gotten by buying it back, to redistribute, from the gains on the other coins that are being cashed-out at ideal times.
Having POW extended, will increase the cap, but it will also set a maintained value (via loss from power-bills), which will limit the price that they can sell for, while it continues to place more coins in more peoples hands. Having 2x the volume, distributed over a good year or two or four..., will not hurt the value of any current holders. While, at the same time, it will not destroy any desire to mine or buy.
Multipool, is the first best thing we can do.
Any suggestions for names, or rebranding, are more than welcome. Obviously.
I will see about drawing up a generic plan for us to conquer, unless someone has some other idea, besides splitting our value in half, giving the illusion of us being twice as rich. xD
I am in the IRC chatroom, for those who wish to drop-in. Might as well use it. xD
http://webchat.freenode.net/?channels=%23restoringhonorGoing to sleep now. Should be back in a few hours.
