An important update regarding whitecoinI would like to thank everyone for their support. I am amazed at how this community has come together. Since announcing this, I've had hundreds of people reach out to me offer moral, material, and technical support.
A work group of major stakeholders in whitecoin has been assembled, our plan is to commission a dev to properly update the wallet for us in the coming hours. We have found the dev we need. However, we feel it is only fair that those who are devoting their expertise be compensated. Real people with real jobs will be dropping everything to save whitecoin.
Our plan will be handled via a transparent process, we will not accept code from an anonymous or non-qualified dev. Here are some basic facts for everyone:
1. The premine is gone, we believe it was dumped long ago, and still no contact from the whitecoin creators.
2. A vast and financially backed alliance is forming to create a legitimate whitecoin foundation.
3. The blockchain is secure and your coins are safe.
4. We expect to release a wallet update within 24 hours if not much sooner.
5. To continue to protect the block chain, if you support this plan, we ask you to point your hash to
whitecoinpool.com at port 3377
6. We continue to request that all users avoid transferring their coins wallet to wallet, and that exchanges not permit exit of whitecoin until the update and hard fork.
7. Notice of the hard fork will be given in advance.
8. Transparent fundraising via an escrow service will be announced tomorrow so that whitecoin can move to the next phase and recover.
9. All users at whitecoinpool.com (chunkypools) were protected from this crash by virtue of the fact we had no time or faith to process our final WhiteCoin buys once this situation became clear. Your hash from the last 24(approx) hours has been protected as BTC, payouts will resume in the morning.
10. After this message you will not hear from us until morning, when after I've received an update on the new devteam's progress, I will make a followup announcement.
My personal goal is to see WhiteCoin move to 10K sat+ where our community believes it should be. I won't quit until that happens.
Thanks again for all your support and patience, point your miners, let's get some sleep, and it's a new day for whitecoin tomorrow.
With highest respects,
Chris Salsman
(mogonzo)
This whole situation is so lol altcoin. What didn't it have? Megahype for no good reason except for the fact that the coin shared a similar name with a surprisingly successful other coin check, Premine dumped for a fact at an idiotic time giving the scamdev very low value rather then if he had kept it going to any small period of time check, tons of blood in the streets check, plenty of people losing coins due to a fed blcochain almost check.
We are starting to see the beginning of prolific and unparalleled alt coin scams, hold on to your butts. Thanks for all your hard work though Chris it'll be really cool if you guys recover this.
