Re: [ANN] New Piggycoin [PIGGY] | 3% interest | Web PiggyBank | Android PiggyBank
⭐ Merited by ebliever (2)
So to answer your question directly, yes it looks I am the only regularly active member of the team, with greenmo being as active as RL permits at this time. The rest of the team simply moved on to other endeavors, greener pastures. One must realize that PIGGY was released just after the mtGox collapse and faced a couple of bullish years right from the start. Given the lack of value in the coin it was never able to reward it's team as it should.I agree a stronger Social Media presence is needed, but marketing & promotion is not my thing, and all of these positions should be hired and compensated by the project IMHO.
PIGGY is at a critical point in its life. Even though it's just turned 4, it's old, 2 generations old, and IMO in order to survive it needs a DNA transplant.
So ...
In surveying the landscape, looking at resources (me part time and a part-part time person), what should we do, what is a roadmap which insures PIGGY for another 5 - 10 years? This is my proposition, and assumptions ...
Firstly, it makes no sense to market a coin which is based on aged technology.
Secondly, "fixing" PIGGY will take approximately 480 hours of effort, and still eave it as an 1st generation blockchain.
Thirdly, there is no mechanism within PIGGY to sustain ongoing development once the team funds are exhausted (29.8 million PIGGY at present).
So ... PIGGY is dead, but ... Long live PIGGY!!!
This is my proposition as steward by default of PIGGY:
- We jump ship to a 2nd or 3rd generation blockchain technology.
- We do so by use of a snapshot hard fork.
- We preserve all assets and associate cryptographic claims to those assets in the new chain.
- We facilitate this transition by offering a bounty.
With the above objectives in mind it is my desire to:
- Officially announce a 10 million PIGGY bounty to facilitate this change.
- Write a detailed specification outlining deliverables to claim said bounty.
- Suggest the path of least resistance.
I am going to leave this discussion at this point prior to finalizing details of the three points above. Further I wish to disclose it is my full intention, upon peer review, to claim this bounty and once the details are finalized begin development.
#Oink!
PIGGY is at a critical point in its life. Even though it's just turned 4, it's old, 2 generations old, and IMO in order to survive it needs a DNA transplant.
So ...
In surveying the landscape, looking at resources (me part time and a part-part time person), what should we do, what is a roadmap which insures PIGGY for another 5 - 10 years? This is my proposition, and assumptions ...
Firstly, it makes no sense to market a coin which is based on aged technology.
Secondly, "fixing" PIGGY will take approximately 480 hours of effort, and still eave it as an 1st generation blockchain.
Thirdly, there is no mechanism within PIGGY to sustain ongoing development once the team funds are exhausted (29.8 million PIGGY at present).
So ... PIGGY is dead, but ... Long live PIGGY!!!
This is my proposition as steward by default of PIGGY:
- We jump ship to a 2nd or 3rd generation blockchain technology.
- We do so by use of a snapshot hard fork.
- We preserve all assets and associate cryptographic claims to those assets in the new chain.
- We facilitate this transition by offering a bounty.
With the above objectives in mind it is my desire to:
- Officially announce a 10 million PIGGY bounty to facilitate this change.
- Write a detailed specification outlining deliverables to claim said bounty.
- Suggest the path of least resistance.
I am going to leave this discussion at this point prior to finalizing details of the three points above. Further I wish to disclose it is my full intention, upon peer review, to claim this bounty and once the details are finalized begin development.
#Oink!
- We jump ship to a 2nd or 3rd generation blockchain technology.
My comment: Build on top of another network like Stellar? My vote goes to Stellar if so.
- We preserve all assets and associate cryptographic claims to those assets in the new chain.
The coins we have now, will be carried over to the new coin?
Will the principle of the coin remain the same and geared toward children? This will essentially be another relaunched of the same coin just on a newer platform?