Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ECA] Electra ⚡ | POW/POS | NIST5 | Super Rewards Bonanza
by
Jaerin
on 14/06/2017, 15:47:55 UTC
Don't worry guys I am working on it. The fast solution is 99% going to involve a hard fork. I will also be adding new seed nodes while I am at it.


IF the hard fork does not happen, the scenario below will happen:

Right now, there seems to be only about 4-6 people with confirmed ECA in their wallet. By block 11880, about 20-30 people will have confirmed ECA for staking as there were some people mining 150 blocks before the bonanza. I estimate it will take about 16-17 days to reach block 11880 if the 4-6 people stake daily. When the next 20-30 people, assuming they transferred some ECA from the pool to their wallets get confirmed, the next block where many people will be confirmed is 11950. Block 11950 will take 4 days to reach if everyone who became confirmed on block 11880 stake daily. After that confirmed ECA in wallets will be in the 100s and things will move much faster. Everyone remaining can get their ECA within 1-2 days. This scenario is based on many assumptions and I believe a fork would be a much better solution.


Keep in mind that this kind of distribution of coins was never tried before and it was hard to anticipate while originally designing some parameters how many people would be using the coin before the Bonanza and after it.

No it seemed like you just had no clue how to design a coin and plan for your actual end of your bonanza.   You didn't seem to think about how the confirmations would work at all and made gross assumptions about how websites like coinmarketcap would just ignore the market dilution and put you at #1 even though it is obvious that would never have happened.  Then you went and paid $300 to write an article trying to claim that Electra was #1 market cap coin knowing that it wasn't even possible because all your coins are locked in the blockchain.  How about a little admission of your clearly lacking any real knowledge of how this was supposed to actually work.  Now you're doing the research that should have been done before the coin was released and someone is telling you how you might fix it.  Dead coin is dead.  No market worth anything is going to trust this coin for anything but a useless failed gimmick.