It's just my personal principle, ofcourse if others think this is better for the game, I'll be more than happy to go along.
I understand your principle, but you could also consider this to be a complete reboot of the game where existing holders get some percentage of the new supply as an airdrop (pretty generous!). Given that the game is essentially dead in the water, that's not an unreasonable approach at all.
Again, I'm neutral on the idea, but at this point those of us who want to see something positive come out of this game should be open to a variety of proposals, and evaluate available credible proposals against each other not against some fantasy where nothing of substance changes in the game and suddenly it is worth $100 million.
Looks to me that this proposal is very similar to what NXT is doing with Ardor and Ignis at the moment, and for similar reasons. NXT funding model was broken from day one, only dev funds they've ever had came from 1% of coins never claimed from the original ICO in september 2013. After 4 years they've finally realised they can't compete without proper funding, donations and volunteers just isn't enough.
Rather than give existing NXT holders a haircut and use the diluted coins for the ICO, what they're doing is giving everyone a 1:1 swap with the new parent chain token Ardor, and then a 2:1 swap for the first child chain token Ignis, and the ICO is selling the remaining 50% of Ignis.
That looks similar to what is happening here, existing M holders get 1:1 swap with the CKO token that might pay some dividends one day, and then 2:1 swap with CKM game currency. That's a good deal for existing M holders, and a 50% ICO of CKM will generate a sizeable pot of future funding, which means CK's future looks more promising, so prospect of healthy CKO based dividend stream down the road is realistic.
CK funding model is broken, and by splitting CKO off from CKM nobody is actually getting diluted, and future dev funding is taken care of. It's actually really good outcome IMO, I'm excited!
