Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Digital Credits : Proof of Burn Discussion Thread | burns canceled do to attacks
by
opmac
on 09/05/2016, 19:32:34 UTC
Quote from: kahir on May 09, 2016, 07:23:29 PM
Quote from: intristin on February 16, 2016, 04:50:57 AM
Quote from: uki on February 13, 2016, 12:22:59 AM
Quote from: intristin on February 12, 2016, 01:01:02 PM
Quote from: BlockchainDynamics on February 11, 2016, 04:45:21 PM
I am a little confused about what this news is.  Am I understanding that something happened to the floz chain?  I am relieved to hear that dgcs is ok.  Do you have more details to share?

Every coin we target for burn is getting attacked. For DGCS it means we are getting out of the burning business and going to refocus on something else. What that is I don't know yet. I'm gonna take a few off this project and take a much needed break from the internet. After that, with suggestions from the community, we will regroup into something different.
How long do you think you will need for that refocusing? It is important for DGCS investors to know that the project will have the continuity.
I like the idea of burning old coins, giving a second life to long forgotten coins. I belive, most of the people staying in crypto for more than one month have already experienced 'bag holding'.
A pity that this idea got abused by attackers and you got burned on burning. Looking forward to hearing from you, once you are back.

I'm still here man, promised from the beginning I would not dump and abandon, Nothing changes. Our block chain is very secure, I doubled the nodes I personal control to over 50%. Not to mention I still hold the burn fund.

Plan is simple, we will be moving to a POS/POW model with a completely new blockchain. Current credits will be swapped two to one for the new credits, this will lower the supply and jack up the price. THE BURN FUND WILL NOT BE SWAPPED! It will be destroyed. We plan to slightly increase the PoW and PoS rewards and move to a new algorithm. This part of the plan is still be discussed.

At the end of the day, your investment is protected. A lot of dumping has happened over the last few days. and I am happy to say I'm getting a lot of cheap DGCS in the process. We are shooting for march 1, might be April 1. It's 50/50 at this point as we work out what it will cost.


well it seem the the burn funds you talking about are for sale at 2/3 satochi Cheesy ....

Ya looks as though this dev took people for a ride.

I was thinking the same about the burn fund when that huge dump took place a couple days ago.

Dev nowhere to be found now. Not surprised though