Quote from: LEOcoin Foundation on May 25, 2016, 02:13:26 PM

Quote from: Peter78 on May 25, 2016, 11:38:47 AM

Dear LeoCoin Foundation,

Quote from: LEOcoin Foundation on April 14, 2016, 06:32:42 AM

We shall see how the LEOcoin development team will lay out the block chain voting procedure. Than we have something tangible to talk about.

Any news on this?

The switch to POS was announced, but I see no information on the vote ?

Thank you!

Dear Peter78,

I have been in discussion with the developers on the vote. Both LEO Ltd. and the LEOcoin Foundation were keen to hold one, but the technical barrier - a fully developed infrastructure for voting via signed messaging - proved too great in this instance. Coding and transformation took a lot longer than originally planned, as is the way with these things.

However, the LEOcoin Foundation has been in discussion with some other major holders of LEOcoin. They have been involved in the preparation of PoS and represented the voice of the LEOcoin owners. It is seen that PoS is the proper way to go.

So while the vote was absolutely our ambition, unfortunately it proved too great a challenge given the time we were working to. This was especially important given the botnet issue that has been harming all LEOcoin owners. We await a recovery now, as it is expected that the majority of the newly created coins through staking will be held by those who are long on LEOcoin.

Great replay! Me and my friends hold aprox 2milion and YES we are for POS!