Less coins is better for trading imo.
Right but this coin's main purpose is not to be traded. It's about being
applied in actual applications. The developers decided that for their purposes, a high coin supply is beneficial.
Just a thought: when CLAM was launched, it used the private keys of other alt-coins such as litecoin and bitcoin so you can "claim" your CLAMs.
In this case, if you know the private keys of your ESP 1 wallet, you could make it so that ESP 2 wallets will already be funded by a specific date. I believe the intent is to "kill" the version 1 wallet, because after some time no one will be using the old wallet, no one will be mining on the old ESP 1.
This way, there would be no need for a "swap". Just before ESP 2 launches, you just make a snapshot of the ESP 1 blockchain so you know exactly how much each address in the ESP 2 blockchain should have. You could give an exact date and time or an exact block number, and people will simply stop using their ESP 1 wallets, import the wallet.dat or the priv keys to the ESP 2 wallet, and all their coins will be there divided by 10.
After that, ESP 1 dies a natural death, all miners go offline, all nodes disconnect or shut down. ESP 2 goes live, and everyone has their espers.
If you intend to do the burn method, that will be more work for you guys, but either way is fine with me.
I too think that this sounds like a nice idea ... I don't know about the technical advantages or disadvantages though. Would it be easy enough to write a small helper application to automate this? But then again you could also just automate the burning procedure, it doesn't really matter which method is automated right?
