Quote from: Petr1fied on September 23, 2017, 05:51:16 PM

@rav3n_pl as the resident guardian of the github repository do you have a plan for how to deal with this? As the entire network consists of a literal handful of people right now it shouldn't be too difficult to hard fork especially as the few currently mining probably won't want to see their own holdings devalued ninefold if we sit back and do nothing. Not sure what the best plan of action is myself as I haven't been following evolution of cryptocurrencies for the last 2 years. Based upon my knowledge a couple of years back I would have suggested POS (Proof Of Stake) post block 1,181,683 (8 million coins generated point) as it's very low effort mining and anyone staking will find their coins increase in line with the overall inflation just by holding on to them and unlocking their wallet to allow their coins to stake every so often. I'm not sure what other alternatives have come about in the last couple of years though.

It (change reward system) require a hardfork. It is doable.
It is possible to change LTC v0.14 code into working DBL, but need to be chosen block in near future to allow blocks v3 and v4 and it will start voting for segwit.
So miners NEED to use new version as soon it will be released, or network will split.
Also, new versions will have trouble to accept transactions generated by older code (because of strict-DER-signing).
I`m not a fan of PoS, it is mostly killing coin and only make coin rich ppl richer. Also I have zero experience in coding it.