Post
Topic
Board Announcements (Altcoins)
Re: [ANN][COVEN]|33k.7 Supply|HexNode|StealthMsging|Multisig|SmartX|IoT|I2P|TOR|COV2
by
richiela
on 29/06/2015, 16:57:10 UTC
Quote

If you think I'm being out of line, the solution to this with the assistance of Bittrex would be like so.

1)Hey Bittrex; how many coins do you guys hold?
Bittrex XX,XXX
Okay, please update new codebase/wallet/provide new wallet address
Bittrex: Updated, heres addresss
Great, here are the new coins


Sorry, you are out of line because no one has any insight to how our systems work and I can guarantee you it is not that simple.  It is 3-4 hours worth to make sure everything in the system stays intact and passes an audit.  As for a manual swap, many have completed it in a much easier fashion.  Just take a snapshot at a given blockheight, and premine the new coins to the addresses that have funds.  It takes no manual work at all on either your part or the coin holders.  This is a solved problem with multiple solutions;  check out what other coins have done for swaps and follow their model.

thanks,
richie