PROPOSES FORK -
We have learned some things going through this process and we unfortunately are not accomplishing the goals we had put forth. Unfortunately the amount of coins being giving out per block and the max coin is keeping the price in the zone where most do not want to exchange their coins for Delete. Some do, but we are not killing alts like we had wanted. Secondly, the overall business model was not going to ultimately achieve the end all game as DeleteCoin itself would, in the end, still be an alt with nothing new to offer.
What we are proposing is a hard fork, changing the block reward to 25 instead of 250, and also changing the max coin to 600 million, 500 million of which would remain in the premine. With this is gives more buying value to DeleteCoin and also allows us to establish our new business plan.
With the increase of cost, we are going to change which alt coins we will be acquiring. We will be buying coins on legitimate exchanges only. After coins are acquired, the will essentially be dumped onto an exchange in bulk, driving down the price and hopefully and ultimately in the end, killing the coin off. With the BTC that is generated through these sales, DeleteCoin will be purchased back off exchanges and sent to a specific public address that is inaccessible to anyone, essentially Deleting itself. As this process continues, more coins will be driving out of business, and DeleteCoin will be deleting itself through the process, driving up the price and the total max supply of coins. This is a very aggressive approach to killing alts, but we fill strategically it is the most effective way. As the price of DeleteCoin increases through this process, we will be able to take on larger alts and in the end, make crypto a much more stronger place.
We are looking at implementing the fork at block 5,500, which would roughly be 5pm est tomorrow. All feedback is needed and welcome. Thanks!
Your fail coin is a joke...
