Topic: [ANN][CFC2]Coffeecoin | This coin is under the RevivalCoinGroup management - page 40. (Read 252949 times)

CFC is alive and kicking. You'll feel sorry for selling all your coins at low low price butthead. After the swap the price of CFC will skyrocket.

Great. but cfc is dead?

Exchanges notified

So it's been brought to my attention (By Bittrex) that the exchanges can swap the coins behind the scenes, no need for a version 1/version 2 parity. That makes things very simple, and greatly lowers the overall risk. This will require maximum participation by everyone involved, as this update will be mandatory. All you guys will need to do is have all of your coins on one of the exchanges, update to the new wallet, and wait for the go-ahead to withdraw. OP will be constantly updated with which exchanges are on-board to assist with the swap.

Exchanges notified

So it's been brought to my attention (By Bittrex) that the exchanges can swap the coins behind the scenes, no need for a version 1/version 2 parity. That makes things very simple, and greatly lowers the overall risk. This will require maximum participation by everyone involved, as this update will be mandatory. All you guys will need to do is have all of your coins on one of the exchanges, update to the new wallet, and wait for the go-ahead to withdraw. OP will be constantly updated with which exchanges are on-board to assist with the swap.

Dev, I got 100k CFC in my Stake Balance... What will happen to them? And how will we be able to switch them?

Concerning the wallet update...

I had a nice, long conversation with Orangecoindev, and CFC's source code is a lot worse than we initially thought. So bad, in fact, that we will have to re-release CFC and do a 1:1 swap. Our source is based on out-of-date code, and allowed incorrect genesis block data to pass through (PM me if you want exact details). Whether through a Ybcoin fork with CFC specs, or old CFC source with patches, the new updates cannot be applied. I'm getting us prepared for a 1:1 swap by asking around our listed exchanges. Basically, we need one of them to host a CFCv1/CFCv2 trading pair, preferably with 0% fee. While I don't entirely agree with our former dev's distribution method, what's done is done, and I will not allow anyone to lose their holdings!

Timeline for fix is 1 week for development, 1 week for testing. We can use this time to work out our new specifications; I need to get them over to OCdev by tomorrow. Here's what we're currently have, with my proposed changes in bold:

Interest: The first year of annual interest 10%. Interest will decrease by .95*previous year's interest, until a floor of 1% is reached.
Algorithm: Scrypt POS+POW Remove POW
Block Time: 20 seconds
Total Coin: 100,000,000 CFC
Mined Block Confirmation: 40
Transaction Confirmation: 3
POW Reward: 0.0001 CFC Zero, once POW is removed
Min stake age: 3 days Reduce to 24 hours
Max stake age: 9 days Increase to 90 days
Add Coin Control
Add "Unlock Wallet" button for ease of staking an encrypted wallet
Add daemon with release by default
Port: 16789
Rpc port: 16889

Please take part in the poll to decide the future specs of our coin!

Well people might vote that the remaining coins are destroyed by sending them to an address with no private keys, however imho it's much better to use the opportunity and create some positive buzz around the new launch and do a giveaway to many people with small stakes.

I've taken that into consideration, and will have another, longer-running poll to decide the fate of the remaining coins. As for how long I will keep the exchange period available is still up in the air. 7 days sounds like a nice number though, thank you

I believe you also need to consider that not all coins will be exchanged, so my proposition is that you give around 7 days to people to exchange their coins and once that is done, all remaining coins are distributed via a new giveaway.

Concerning the wallet update...

I had a nice, long conversation with Orangecoindev, and CFC's source code is a lot worse than we initially thought. So bad, in fact, that we will have to re-release CFC and do a 1:1 swap. Our source is based on out-of-date code, and allowed incorrect genesis block data to pass through (PM me if you want exact details). Whether through a Ybcoin fork with CFC specs, or old CFC source with patches, the new updates cannot be applied. I'm getting us prepared for a 1:1 swap by asking around our listed exchanges. Basically, we need one of them to host a CFCv1/CFCv2 trading pair, preferably with 0% fee. While I don't entirely agree with our former dev's distribution method, what's done is done, and I will not allow anyone to lose their holdings!

Timeline for fix is 1 week for development, 1 week for testing. We can use this time to work out our new specifications; I need to get them over to OCdev by tomorrow. Here's what we're currently have, with my proposed changes in bold:

Interest: The first year of annual interest 10%. Interest will decrease by .95*previous year's interest, until a floor of 1% is reached.
Algorithm: Scrypt POS+POW Remove POW
Block Time: 20 seconds
Total Coin: 100,000,000 CFC
Mined Block Confirmation: 40
Transaction Confirmation: 3
POW Reward: 0.0001 CFC Zero, once POW is removed
Min stake age: 3 days Reduce to 24 hours
Max stake age: 9 days Increase to 90 days
Add Coin Control
Add "Unlock Wallet" button for ease of staking an encrypted wallet
Add daemon with release by default
Port: 16789
Rpc port: 16889

Please take part in the poll to decide the future specs of our coin!

Exchanges notified

So it's been brought to my attention (By Bittrex) that the exchanges can swap the coins behind the scenes, no need for a version 1/version 2 parity. That makes things very simple, and greatly lowers the overall risk. This will require maximum participation by everyone involved, as this update will be mandatory. All you guys will need to do is have all of your coins on one of the exchanges, update to the new wallet, and wait for the go-ahead to withdraw. OP will be constantly updated with which exchanges are on-board to assist with the swap.

voted on mintpal #1051

seems like more people are voting, good, keep it up