Quote from: chilly2k on January 25, 2015, 04:14:04 PM

Quote from: ntsdm on January 25, 2015, 02:58:01 PM

if only a few desire to fork off into other endeavors then they will have their own road to take and if that road is re centralizing and making a closed coin that would be up to us "them" damn it all i included myself into it and i tried so hard to stay out of it!

   And I encourage everyone to have an open discussion on the topic. And if that's the path you choose to take, I wish you all the best of luck. I was under the false assumption they the discussion was about forking MMXIV into a whole new coin.

  "forking" in crypto generally means forking the block chain and having the old side dead. In this discussion, Spot's and Vegas are talking about having a true fork. Where the old chain will be MMXIV and the new chain would belong to the new coin. I've never seen this done before, but understand the concept.

   I've been an earlyish adopter of MMXIV, at least I bought in before the last fork to the higher interest rate. I'm still on the fence about that one. Almost felt like the community was not consulted, maybe a new coin could define the parameters and stick with them.

   Will be interesting to see how the plays out. I'm still not quite sure how you can have a private coin that is worth anything Or how you can keep it private yet trade at an exchange. Maybe disable staking until the balance is a certain level? Discourage daily dumping by making the stake time a longer duration? Maybe something like a staking penalty for withdrawing x% of your coins. This could be the interesting....

We already have staking hardware shipped out. MMXIV itself will have nothing change until we address the protocol switch (which may or may not go live) in August. Forking the hardware units isn't hard for owners, but it's a pain in the ass for us

MMXIV itself will not be changed. What we are talking about would be a totally different chain that would co-exist, correct. The only thing that would happen to MMXIV is the total amount of current coins would drop when they are destroyed for swapping. If you like MMXIV you have to do nothing and it will make each coin you hold a higher % of the total supply

Anyway, I just threw it out as an idea for their 'elite' coin. I'm quite happy with MMXIV as it is or I wouldn't have put $1000 up saying it can't be attacked Wink