The current plan, excluding the exceptions listed below, for making the distribution are as follows:Current alteration proposals (we might hold a vote on) that have been supported are:1. Use v1 balances instead of v2 balances. This proposal would also mean there is no Round 1 and 2. There would be no adjudication on v2 balances, it is v1 balances only.
Key advantages of using v1 instead of v2:
1. There is less adjudication work on if funds should be paid, the amount can be looked up on the Mintpal v1 database. This means there won't absolutely need to be a committee, because it is simply checking the balance against the account.
2. It will avoid the requirement of giving a v2 password to the people making the distribution.
3. The total maximum number and quantum of claims is known if you go by the method that if it isn't on v1 then you don't have a claim.
Key disadvantages of using v1 instead of v2:
1. People have sold/bought 100s of millions of Karma on v2. If v1 balances are used then people that sold their Karma will get it back again at the expense of people that bought the Karma. This means people could lose 100% of their Karma balance by doing this method.
2. People that deposited Karma in v2 may not be able to make a claim because funds they deposited are likely to form part of the total Karma available to be distributed to v1 fund holders.
Things that are not advantages/disadvantages of using v1 instead of v2:
1. It may only be possible to pay a percentage of funds (% to be determined) in both scenarios. This percentage will most likely be determined by the shortfall of Karma at v1 compared to v1 claims, the same shortfall is likely to exist in v2 claims, if not become larger.
I haven't seen any other detailed proposals with the process to be followed spelt out, I will do the advantages/disadvantages to make sure no side of the argument is underrepresented, I can add advantages/disadvantages I missed upon request.
Actual alterations are:Bitwho will now be receiving the wallet instead of Scryptminer. This is because Scryptminer doesn't want to. There have been no volunteers other than Bitwho to receive it and he has yet to confirm if he will be the person transferring the Karma.
Update on the progress of the plan in general:There have been no nominations to be on the committee, which is needed to deal with v2 balances that are incorrect (for example from failed withdrawals). The committee may not be required if v1 balances are used because they can be taken from the Mintpal v1 database, assuming it is provided.
Update on the progress of recovering funds:The wallet / database haven't been provided yet. I've been advised that Bitwho is working with Ferdousbhai who is currently being held up by something outside of his control.
Update on the progress of the website:The website is being worked on by Scryptminer with a bit of help from other people. I anticipate this will be ready shortly after the database is received and/or the plan is finalised.
Chargin.
