Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Terracoin 1.0 (TRC)
by
clockuniverse
on 03/03/2016, 14:46:38 UTC
An important question. If the wallet is updated for TRC and vircurex does not update it, will we still be able to withdraw our coins to the updated wallet?

The new wallet will be a hard fork, which means that there will basically be a popularity contest.  We will need to get 51% of everyone switched to the new wallet for the coins used on the new wallet to be legitimate.  Once we are in the testing phase of the new wallet we will be aggressively warning everyone that a new wallet is going to appear and that they need to update their wallet when it comes out.

If for some reason Vircurex absolutely refuses to update their wallet and we get 51% of everyone else to update theirs then TRC on Vircurex will no longer be valid.  The coins on there will not be any coin.  I seriously doubt that will happen though.  So far everyone I have talked with eagerly welcome a new wallet.