Couple of questions.
1. Wouldn't it be better to have the option to revert the LV2 coins back to the LV1 coins? There may be a time where I would need to spend a large amount of LV1 coins but don't have the time to wait for a whole week.
2. Will the LV2 coins begin to generate LV1 coins a week after they were conceived or will they just generate, like say, every new Sunday or Monday?
LV1 and LV2 coins both generate LV1 coins fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth. This means that depending on the amount of coins that you own, you will be receiving varying amounts every 15 seconds. You do not have to wait very long.