After months of research, coding and testing, we have concluded that it's not feasible to "bolt-on" POS to the existing blockchain that drives GIVE.
We have decided to enlist BITTREX to facilitate a COIN EXCHANGE on behalf of Strength in Numbers Foundation.
The current plan is to create a genesis block with the original 500M coins designed into the original chain specification (see
http://givecoin.io) and then on a pro-rata share basis exchange GIVE for 2GIVE.
As of now we're approaching the 250M coins issued point, which means all holders of GIVE would receive a 2:1 split on their current holdings.
More details and dates will be announced shortly!
-dvd
For more information on this topic please read the
Transparent Coin Swap GuidelinesWallets should be forward compatible. Meaning current wallets will work with the new blockchain. Just copy and paste your old wallet.dat into the new client. Paper wallets can be imported into the new client. The way to do this is to 100% premine the new coin in block 1 and send all the coins back to the owners in block 2 (or later if confirms are required). Someone who has made a block explorer before should be able to come up with a command line script to return all GIVE to the same address as the previous blockchain.
BTW, feel free to premine extra 2GIIVE in block 3. I'm fine with adding in a bunch more coins to be used by The Strength in Numbers Foundation. This is a charity coin so I think it would be a great idea to create an extra 250 million coins for the charity and then swap the current GIVE back to owner at a 1:1 rate for a coin total of 500,000,000 2GIVE.
