Can we reset the coin, get rid of yac and all association....
ie this is a new coin forked from yac, with a new name etc etc
Creating yet another new alt-coin is outside the scope of what I'm trying to do here. YAC is already underway with an economy (however small) built around it. While the launch was not perfect, and I myself got screwed on the launch as I wasn't expecting it 1.5 days late (and thus, I got an 8.5 hour late start before starting mining), it appears to have been the closest to legit coin launch in the recent past.
I participated in the Elacoin launch the other day and my personal opinion is that one really takes the cake for launch shenanigans and multiple botched launch attempts. Complete with the usual disappearing developer, the developer adding checkpoints that rewrote the blockchain and invalidated large numbers of legitimately mined blocks, and further, by the remaining miners proposing to hard fork their blockchain and rewrite the client to increase the mining rewards to themselves and jack up their rate of inflation.
In comparison, I'd say YAC had significantly closer to a clean launch. Still not perfect, but I'd say it was the cleanest launch so far among the recent alt-coins. I think the primary complaints about the YAC launch were the missed launch deadline catching everyone off-guard, low difficulty, and pocopoco failed to get the Windows client optimized for acceptable solo mining hash rates and get UPnP working properly. In comparison, Elacoin launched with no Windows client at all, developer had nearly zero experience and should never have contemplated starting an alt-coin, was reportedly (if believable) trying to mine the genesis block on a netbook with Intel Atom CPU, it was basically a Litecoin copy'n'paste, and difficulty was 0 (which resulted in the client actually segfaulting and crashing on each REORG, much to my dismay as I was running one of the Elacoin seed nodes everyone was using).
I suspect the only reason to start a new coin, with no attempt to innovate, is as another pump'n'dump. There's already enough of those already. YAC was based on a new twist on NovaCoin that (at least temporarily) leveled the playing field between CPU and GPU mining, and thus I believe this coin launch actually had merit. Forking it, renaming it and starting over without making significant improvements would produce just yet another copy'n'paste coin with no purpose other than to enrich whoever is launching the new coin. However, anyone is free to fork any of the coins and start their own. It's open-source afterall. Is it a good idea to unleash yet another alt-coin solely to use it as a pump'n'dump? Not really, in my opinion.
If someone is disappointed they missed the launch, I'm afraid I probably have nothing to offer. Remember, I missed the launch too, by a whopping 8.5 hours. I had to throw massive amounts of CPU power at it (800x dual-processor Xeon servers, 760x Amazon AWS instances) and even went as far as custom modifying a set of four LTC FPGA prototype boards (which were significantly slower than GPU's for LTC mining so did not evolve into a successful product) with 20 Xilinx Artix-7 FPGA's each to mine YAC instead while it was at N=32 (and very easy to optimize for FPGA's). Yet with all that, I apparently mined less than people that got a single i7 PC in play right at launch. I'm not sure there's anyone here that would benefit more from a complete YAC relaunch than I. If I were pushing for a relaunch of YAC, it would definitely just be another pump'n'dump "make the developer rich" scheme, as I could completely rape the sh*t out of the new coin with the amount of processing power I fired up last time around (around 3x more than someone could pull off with a single Amazon AWS account). It comes down to motivation, I believe the first YAC launch was actually valid, but do not believe forking it for the purpose of relaunching it as a brand new alt-coin would be valid. As much as I'd like to relaunch YAC as a new coin, and as much as it would probably result in me mining the lion's share of that coin, that's just not a valid reason to do it.
Hopefully everyone complaining about being late to the YAC launch will realize that I probably have more reason to be upset about being late than anyone. Can anyone here claim to have been more butt-hurt than I about missing the launch? Considering the amount of resources I had to bring to bear to mine less than people with a single PC at launch time?