Hmm. First, your new plan seems marginally better than your old plan. However, changing the fundamental characteristics of the distribution at all just seems shifty.
You seem to contradict yourself. If you really believe this is a launch of a new coin (with the old coin maybe still continuing) then why are you complaining about
changing the fundamental characteristics? Changing of something which continues to exist unchanged? Stick to your sys1 coins if you want to keep the same "fundamental characteristics". You (same as everybody else) are free to go on with the development of the old sys blockchain.
In my opinion it is a good thing if developers
1) own a stake in their coin
2) have money enough for continued development
The transition from Sys 1 to Sys 2 is big enough to justify some changes in the design.
Well said!
Another comments:
1. Conversion 1:1 : Great!
2. Changing the name: I would be careful with this
3. Could they have started a new coin with a completely new distribution? No and they know it well. The reputation matters.
I agree on #2, atm we are planning on updating the logo but not changing the name although we did consider it and discuss some options.
You're correct on #3 as well- and we wouldn't want to leave sys1 investors high and dry like that, they're support is what help makes all this possible so we did our best to transition their value into this new token without sacrificing the long term vision by treating the old design as rigid and unchangeable.
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On another note we want to make sure that Syscoin is mineable easily and immediately upon 2.0 launch.
The team will be standing up and hosting a merged mining pool, at the moment it will be SYS/BTC merged mined but we can add other SHA256 coins as well. There will likely be a 1-3% fee which will go entirely toward hosting and maintenance costs- running a merge mine pool is not cheap it turns out. The setup costs are 3BTC, and monthly hosting is $160/mo.
Some very kind community members in slack volunteered to donate to this effort, if you're a miner and/or a community member who would like to support the 2.0 network/launch, please send BTC to this address, designated for the pool operating fund:
15FsfLcQj7jYJuQ1zxkZ6MGpr1udNRH9brIf we recieve enough donations we'll remove the fee altogether!
