Treazant is for folks who prefer for the Bitcoin reward to stay constant forever. Block chain confirmations will resume once ASIC hardware starts to arrive. The client only requires a few very trivial modifications to work. The one piece of the puzzle which would be useful, but is not required, is functionality to export wallets from Bitcoin and import them to Treazant and vice versa. If you haven't sent any outgoing transactions after the reward halving yesterday, then a simple copy and paste backup and restore should work fine. Minor modifications to accommodate the larger supply of currency will occur at block 420,000 and as needed at each subsequent 210,000 blocks.
this means I can double-spend my bitcoins on both chains, treazant and bitcoin?
better idea: wait for treazant to come up and get an exchange, dump ur "trezant/bincoin" from the past to real bitcoins
theres a couple of options for the transition:
- 1.) do nothing special: not a good idea: bitcoins will remain on bitcoin chain and transaction are compatible and cross-broadcastable => not really an option
- 2.) convert wallet to new keys: this separates bitcoins and avoids cross-broadcastability. Owners of bitcoins will just keep the bitcoins on the bitcoin chain and "receive" the same amount of Treazant in Treazant chain.
- 3.) Make new logic in Treazant-chain (that uses the bitcoin chain also): bitcoins (pre block x) have to be spent to special address ("0") on the bitcoin chain and sent to a new key on the treazant chain. This forces bitcoin-owners to decide how many coins to "convert" to treazant. This will reduce the supply of bitcoins.
What would the implications of that last idea be?