Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ALQO] PoW/PoS 0,17% Premine | 100% Governance | Bitfineon Exchange in Zug
by
ron1989
on 15/04/2018, 22:58:33 UTC
Update from discord:

Statement: 14th. April Issue - Dual Chainsplit, Wrong updating

Today, while we were having our update, some pools did not properly update, which made us ending up with 3 different Blockchains.
The main Blockchain was stuck at Block 225000 - for several hours, while 2 split chains were running. High hashrates on the wrong Pools made our Masternodes and Wallets, switch to one of the corrupt Blockchains.

We have now wiped out other Blockchains and took over our own Blockchain with the urgent update.
Please follow instructions stated by @Kevin "pixelz" Collmer in order to update your wallets and masternodes properly.

We will soon work together with the exchanges to bring things back to normal. We would still suggest you not to send any alqo around until we give you green lights.

To Pool Owners/Miners:
We know we made some Miners angry with the last updates in reward allocation, but this is not the way how to fix issues, this hurts a lot of investors, and also your mining source.
If you are not sure how to update your pool, feel free to contact us, BEFORE the update is due, next time.

I do agree that this is not the right way to go about it, but like i mentioned before, this coin wouldn't be shit without the miners. the miners are responsible for creating and contribute considerably in maintaining the integrity of the platform. then without a vote, they turned around and fucked them all. Where is the decentralization in that. POW just showed you who really matter. Take care.

Well anyway that helped no one. Sure it was a important decision  without a vote, but the biggest holders would still have voted in their favor

i agree aswell , anyway later or soon will be an VOTE for POS or keep POW witch is the same with the rewards..

Why do you think that. They didn't do a vote for this debacle.

"100% Governance"

so lets recap..
the coin isnt really %100 governance anymore,
the devs made a half-baked decision to fuck the miners so they could increase their masternode rewards
it backfired big time.
what is this amateur hour?

they might as well go 100% PoS right now. like I said before they pushed the update, they would lose all their hashrate - and look what happened.
Nobody will mine alqo for the current reward, its a slap in the face to the miners who helped establish this coin's SECURE network.