I was going to say, please don't give all the premine away if this going to work and go on to the future with new tech developments and such the premine can make that happen a heck of a lot easier... good help in crypto land costs money so if he ever needs to pay someone to help him perfect something he can. and honestly I don't want our dev working for free, it's good to know your dev is holding 40k or so
good motivation for him to do his best and make the coin worth as much as he can... lol who works better when their working for free?
I like the idea of getting an old wallet (locking it so it doesn't stake
) getting bittrex to send all the NJA on their site to that wallet then put wallet.dat into new wallet and calculate what percent worth of the bad fork nja it comes to then add say 100k of the premine to that and send it back to bittrex after they've up loaded the new wallet where they can distribute them back to the owners at how ever much of a percent they owned of the NJA coins the are on bittrex right now.
and I could still see a bunch of people feeling "butt hurt" by it.
I think having Bittrex send the coins to the compensation fork (secret address so nobody else can send to it), then sending the good coins back to Bittrex along with a chunk of the premine (also agree that holding some premine is a good idea) and have Bittrex distribute the coins back to their users is the best approach. The problem is that I doubt Bittrex would cooperate. Personally, I believe that Bittrex has a vendetta against this coin...a lot of people are pissed at them for losing money and they want to do anything they can to kill the coin.
By allowing individual bagholders to choose to convert their bad coins to good, you will at least get some people who have written off the coin as a total loss back into the community, which can help us build the coin back up. This would be a positive thing even if Bittrex continues to refuse to delist the coin or move to the good fork. The more good fork bagholders there are, the more incentive people will have to pressure other exchanges to to take the coin. If it gets some momentum on other exchanges, it would be stupid at that point for Bittrex to not get on the good fork and get in on some of the action.
It is true that this approach would not be able to filter where the coins are coming from. People holding bad coins in their old wallets would also be able to submit to the compensation fork and get some ninja in return. I don't see a way around that, but I don't think there is a perfect solution here. One thing that would definitely need to be implemented in the compensation fork would be to determine approximately what block the original fork was on when the hard fork was put in place, and invalidate any POS coins created after that block. That would eliminate abuse by people opening their old wallets and generating millions of coins before submitting to the compensation wallet.
I think a good first step would be to contact Bittrex with a proposal for having them send dev all of their coins, dev filters out the bad coins and sends them back along with a sizable chunk of his premine, and Bittrex redistributes them to their users. One thing that Bittrex and their bagholders should understand is that most of these bad coins were purchased well under what the market value of the good coins should be...millions at 1 satoshi. If their users only get a small portion of what they bought back and hold, the value could potentially increase enough that they still break even or even profit from their purchase of the bad coins. If Bittrex has lost faith in the coin and doesn't want to relist the good fork after that, fine, there are other exchanges. But let's present this to them as a good faith effort by the dev to compensate their users the best way we can. The coins sitting in their wallets right now are absolutely worthless, and we would be offering to turn them into something that's not. They don't want to be sitting on those wallets forever either, they will have to delist eventually. Nobody is trading them.
Poll
