We cannot just create 10 million PSB, nobody can.

The blockchain was not edited; it is almost impossible to edit a blockchain. Essentially, Pesobit 1.1 was created as a brand new coin, and a coin swap procedure was outlined (see Lutzow's January 28th post).

The reason for this new Pesobit 1.1 was twofold, firstly introduce PoSP as a staking algorithm upgrade, then we created 10 million coin to cover for a huge hack that had taken place with the online wallet. This coin creation procedure will not happen again, as the community reaction was very negative; but then people have to realize that, if we hadn't created these new coin, the PSB network would have disappeared because of people losing because of the hack.

Since then, the PSB online wallet has been unhackeable, we have learned from past mistakes.

If people want to dump PSB, it's their choice. Me personally, I keep my PSB until a decent price is achieved, and then I will help by providing more liquidity without affecting market price.

The main goal of providing a useful and affordable method for Philippine remittances remains... a 28 billion US$ market that needs cryptocurrency's help.

Now if you don't like PSB anymore, for whatever reason, we can simply, again, create a new currency taking advantage of all the work that was done for Pesobit. Or we could just shut up and let Lutzow do his work and finish this project, possibly making a few of us believers much richer in the process.