Good morrow seadogs,
A little over 1 hour ago all pirate ships arrived safely back at port with 8 million Doubloons amongst their respective holds.
Due to errors in the original Doubloons client being at odds with what was originally defined in the first post (8 million coins or 5 years, whichever comes first) I can now announce that the future will lie not in a coin swap but a fork from the original client along with a rebrand to ensure no confusion with
Doubloon [BOAT]. Although we had the name first we want to avoid confusion for when we take action to get this listed on exchanges in the future. We do have a suitable piratey replacement lined up so don't be afeared we'll be heading too far from our piratey roots.
Under the new fork will be honouring every block up until
1,181,684, this was the first past the post on this block and my client (which outputs to the block crawler) was set to shut down within 1 minute of reaching it. It is now rebooted but with "maxconnections" set to 0 so it will not connect to any other clients. The block crawler will remain online for reference.
What I can announce about the reboot is that the specs, as per rav3n_pl's hint above
will produce further coins over it's lifetime, in order to push transactions and secure the network on the rebooted coin we cannot go feeless from the get go. The coin will start with
block 1,181,684 and an opening balance of the 8,000,000.68 coins already mined. This block will be checkpointed and all old client versions will be blacklisted in the fork to ensure everyone is on the same track going forward.
We will be starting the fork with a reward 1/4 of what was achievable from Doubloons (1.6925 coins). This will then half every 1,181,684 blocks (approximately 2 years & 3 months) finally reaching a little under 12 million coins in total.
The new client will be worked on by our resident coder rav3n_pl but we can't give an estimate on the timeline just yet as he is planning on updating the client to be based upon Litecoin v0.14 but doing so in his spare time. This may take some time to complete so please be patient, the future for pirates hoarding their Doubloons will be bright I can assure you. We have lofty plans beyond a reboot & initial exchange listing which will be revealed in due course.
If you've not already stopped mining Doubloons I advise you do so now. There will be nothing further to gain from mining it at this point. We'll post further information when we're ready to proceed with the new forked coin.
Edit, almost forgot: Yarrrrr!