Day T is not set.
It depents on patience and greed
So Day T will be distributed over some time, possible years.
It can help to aviod appearence of Day T on day 1. Even on day 100, 200 etc.
Take a look at Coingather - there are hundred of millions ready to dump. But there are no buy side - no possibilities to dump now.
Once conversion to new coin will be in place - all these hundred of millions will be dumped ruining the exchange rate of new coin to virtually zero.
It doesn't matter whether day T is set. The issue is the scale of existing optionality.It depents on patience and greed
So Day T will be distributed over some time, possible years.
It can help to aviod appearence of Day T on day 1. Even on day 100, 200 etc.
Take a look at Coingather - there are hundred of millions ready to dump. But there are no buy side - no possibilities to dump now.
Once conversion to new coin will be in place - all these hundred of millions will be dumped ruining the exchange rate of new coin to virtually zero.
Devcoin's basic problem is already patience/greed vs. 'reward os dev'. People are people and doesn't seem much point starting anew to immediately rely on a different result from that trade-off.
"Once conversion to new coin.." - that's my point. I don't know what the solution is but would certainly be better to force all conversion at 1000:1 on day 1 (0.16 btc equiv) than 1:1 on day T (160 btc equiv).