Hey team,

A few of us have been in touch with Flapmin to ask about the fork's strangely inserted pre-mine. Per the code linked by wailord284, these three lines were used to add more than 347 billion pre-mined coins onto a chain that from four years ago until now reached a 97.5 billion total supply. Flapmin's story has changed from this being necessary to raise funds to pay a future developer team, to not knowing that these payouts were there until we pointed it out to him today, to saying he noticed it on the first day of mining (see above post) yet he kept on mining for weeks prior to the v5.5 release. (That's right: according to the math it takes more than 24 days to mine this 34,695-block massive payout section.)

Yes, we have plenty of chat logs if you require proof. However, it is not our intention to damage Flapmin's reputation more so than he has done to himself. As a community our priority should be working together to save Flappycoin and continue making it great.

That's why I'm encouraging all of you to stick to the Flappy 4.1 wallets. Having users switch onto the newly forked chain would not merely result in coins that are of 4.5x less value due to inflation. Rather, the coins on the new chain would be orders of magnitude closer to worthless. All legitimate exchanges require coins to disclose pre-mines and have sufficient code auditing to ensure such broken coins do not get on there.

If you have been holding out for a swap to PoS and believe this sacrifice is worthwhile to get there, that may be in vain as well. You can take a look at the code diffs yourself, and post here if you spot any changes related to supporting PoS now or in the future.

We'll continue maintaining the Flappy 4.1 wallets and all ecosystem links (block explorer, pools) on the Wordpress site:

http://flappyco.in
or https://flappycoins.wordpress.com

On the bright side the forked wallets do have some improvements, particularly the new snazzy artwork by DaGoOfMan. We won't be losing this all, as I expect to incorporate the new graphical assets into an upcoming Flappy "4.2" wallet. Watch the above site, this thread, and the Flappycoin subreddit to stay abreast of developments.