How do one takeover another's altcoin project to complete?

fortunecrypto

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Quote from: eckmar on December 01, 2016, 12:13:46 AM

If source code of the coin is published online anyone can take over, fork it do whatever they want. Most coins publish their code on github so look there

Majority of the code deposited their source code in github for investors and holders to see and to make sure that it does not contain malwares and virus,so if you are going to take over a coin you just get the source code and fork it

puremage111

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Quote from: eckmar on December 01, 2016, 12:13:46 AM

If source code of the coin is published online anyone can take over, fork it do whatever they want. Most coins publish their code on github so look there

Therefore in this case, i read that some devs even swap the old coins to new coins once take over. How does it work?

Lets say when Dev A run a project with Fix coin 50,000,000 with POS feature.

10,000,000 was sold during ICO which left out 40,000,000 in the Chain.

When Dev B tookover it, is there chance that Dev B Reset the coin back to 50,000,000 but doesn't fork it?

Thanks for explanation!

robelneo

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If you are active on altcoin section ,you will see some thread announcement about community take over or new dev take over,as long as the coin's source is open source it can be taken over by a community,bitcoin creator is not around anymore but they are doing great now,so any coins can be taken over by anyone.

But majority perfer to launch new coin than doing a take over.

shinratensei_

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Quote from: puremage111 on November 30, 2016, 11:12:39 PM

Whenever i look at the announcement section, i always saw that new devs are taking over old projects.

Wonder how does it works?

I have general knowledge about how altcoins work but lets say A is the Dev and original founder of 111Coin.

Then Dev scam and run.

Is B able to take over this project?

because the total supply of coin, POS/POW, and all the things, is decided by Dev A isn't it? If B couldn't access his source code he couldn't change anything right?

It can. But B wasn't taking for directly his former. The average was taking the source code for makes new coins. Totally the published source code of coins was being cancer.

eckmar

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If source code of the coin is published online anyone can take over, fork it do whatever they want. Most coins publish their code on github so look there

puremage111

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Merit: 511

Whenever i look at the announcement section, i always saw that new devs are taking over old projects.

Wonder how does it works?

I have general knowledge about how altcoins work but lets say A is the Dev and original founder of 111Coin.

Then Dev scam and run.

Is B able to take over this project?

because the total supply of coin, POS/POW, and all the things, is decided by Dev A isn't it? If B couldn't access his source code he couldn't change anything right?

Sorry if i get this wrong, thank you and sorry again if my english is poor :/

Topic: How do one takeover another's altcoin project to complete? (Read 332 times)