We realise that we are effectively stuck at the moment and that we will not be able to move the chain effectively so this is what we will do:
1. Update the protocol version with an immediate hard fork to activate X11 PoW blocks to move the chain.
2. We will burn 5,000,000 MOJO to take the total down.
3. We will activate X11 PoW mining with a block reward of 20 MOJO per block for 6 months and keep PoW enabled for a while as a backup measure to make sure we never end up with a stuck chain again.
4. We will remove the restriction that requires a master node to be running for other wallets to stake.
We have made a review of the code and believe that the MN system / PoS is correct and will work post hard-fork.
We expect to implement this on Tuesday 26/07/2016 evening time (GMT)
Since there is no moving chain and the wallet.dat will be compatible with the new post hard-fork wallets this should not present a problem for anyone.
This will ensure that we can drive The Mojocoin project forward and not get bogged down in issues like these. We can then focus on the utility of MOJO and move forward with the roadmap.
I will update the OP, Twitter, blog etc. shortly.
Links to new wallets will be up hopefully by Tuesday evening. Hang in there...
Thank you
Great news...
Some other things that could help keep the network more stable..
Lower minted confirms.. This will release your coins sooner to start gaining age again..
And lower the minimum stake age to 6 hours or so.. If not many people are staking, a 24 hour stake age can be troublesome if people dont have many mature inputs..
Add a blockplitter tool to split your inputs for staking..(Or manually send many transactions through daemon/console)
Rent a few cheap vps's to stake in the background...
Then again, you basicly solved a lot of issues with the solutions you came up with..