I have been thinking about it, and I believe I have a solution for how to handle the coinswap that is very different from the idea coins101 originally put forward but solves all the problems we have already discussed (and a few we haven't). Burn the SPR. Hear me out....
There are 2 types of investors who are taking interest in HLM right now, previous members of the SPR community who are happy to see they have free HLM coming to them and people like me who just bought into SPR for the first time. As HLM attracts more attention and the run up to the swap grows near, we are going to see a run up in the price of SPR financed solely by new investors for the sake of getting HLM.
What do you see happening to the price of SPR the moment the snapshot or coinswap takes place? EPIC CRASH. New investors will be racing to dump their SPR, as they will have a chance to recoup their initial investment (OR MORE!) and still have their HLM.
What do you see happening to the price of HLM the moment it launches? EPIC CRASH. It will never be able to sustain the marketcap it establishes for itself before the economic fork. Long time SPR holders (and even the new investors who are able to dump their SPR to recoup their BTC) will have no skin in the game when it comes to HLM. They are free coins to them.
The SPR market is in reality the SPR+HLM market until HLM launches on it's own. With a burn, the value the market places on SPR+HLM can be cleanly and gently split in two once HLM launches. With a coinswap (or more accurately the 1:1 coin match), you are attempting to take the value of SPR+HLM and **poof** double it in an instant when no appropriate investment has been made to justify it. The markets will be ugly because they will correct for this.
SPR holders who would like to be involved in both coins may not be happy about this, but they should think of it this way. Let's say 50% of all SPR gets burned. Any SPR holder who burns 50% of his coins will end up with essentially the same number of coins if they view their holdings as a proportion of the total coin supply (which is the correct way to view your holdings anyway).
There are other positives to a burn :
-No worries about people scamming by swapping the same coins multiple times
-Transparency (everyone will be able to view the public burn address on the SPR block explorer)
-No need for a snapshot
-No need to get Bittrex on board
Also not in favor of burning spr to obtain hlm. it introduces competition from the onset between the two projects and effectively divides a community.
The two for one deal acts as a mutualism until the hlm launch date at which point the coins can stand on their technical merits and community structure. Also, it helps mend some wounds caused by lack of spr transparency/pay per view structure.
Perhaps it will light a fire within spr. If not, perhaps spr loses steam. But it won't matter if hlm hits $1/coin. And if both projects prove to be sucessful, even better. Essentially it doesn't force a choice, and will (atleast initially) bring in new folks and increase interest in both projects. From there it's up to the respective development teams.