Hi Everyone,
The initial plan in the shift to the new blockchain is suppose to be smooth, redistributing the new wallet and new pesobits to the addresses that everyone can see in the block explorer but since cryptopia won't update their wallet we'll have to do auditing for their users.
1) For Cryptopia users:
- As stated earlier you need to send a screenshot of your balance to
[email protected].
- We will open another online wallet for you which matches the old blockchain so you can send your pesobits there then it will be replaced by the new Pesobits with PoSP (you will receive instructions on your emails as soon as everything is ready for that migration)
2) Pesobits in other exchanges, just let it stay there for now until further notice as we'll be waiting for them to update their wallets.
3) Pesobits in the Online Wallet, have nothing to worry as it will be shifted to PoSP and everything will be the same for you guys. Staking earnings will be increased as well.
4) Pesobits in other systems like coinomi or coinpayments, we will be supplying them with new wallets as well.
5) Pesobits in Desktop Wallet, a new desktop wallet has been created. PoSP will benefit Desktop wallet users as you may get more than the old model's staking earnings without changing the rate of inflation of the coin so it still remains at 5%.
6) As for the news regarding Pesobits who got out of the Online wallet illegally, Eduardo (the ICO page and the online wallet creator) is investigating how there were unregistered withdrawals from the Online wallet which I found out while we are checking the transactions directly from the blockchain in preparation to the shift to PoSP. We've identified the addresses and the email addresses and as a corrective measure will edit the blockchain so those Pesobits will not be usable. And this change in the blockchain is what caused Pesobit to be delisted from Cryptopia (same reason why ETH got delisted). To clarify, programs and database were untouched based on our logfiles and security checks so all data are still safe as the problem could be a bug on the online wallet creator's code. One thing is for sure, all Pesobits will be replaced with the PoSP-version and we will be focusing first in auditing the Pesobits as well as migrating all the wallets.
7) So what's next after the PoSP migration? Projects will continue as usual as business license has been renewed, business meetings will resume to bring in more usage for Pesobit and many more.
The 'Illegal Pesobits' as what I call them is a big challenge and as much as I want to blame or point fingers as to how and why it happened I'd rather focus on providing resolution and overcome this hurdle. It's not on how hard you fall, it's on how you stand up and be better and Pesobit will surely do so with your support.
More announcement will be released as to what needs to be done with your old Pesobits, just look back to items 1-5 as to what needs to be done..