Quote from: Happy_idiot on March 12, 2014, 08:17:09 PM

Quote from: y3804 on March 12, 2014, 08:09:45 PM

Quote from: flounderella on March 12, 2014, 07:16:09 PM

So there are obviously a few lessons here:

1. First, its hard to create a fair coin like this though the devs tried to minimize it by checking for proxy, having a token system. Still if someone was really determined, you can click every hour and maybe if you don't have much of a life and suffering from insomnia, could get say 50000 coins

2. Keeping the PoW reward so small initially discouraged miners, so transactions and confirms stayed stuck for hours and hours. There really is no incentive to mine. Plus no difficulty retargeting and silly 10 min blocks

3. Keep a backup of the wallet file on a secondary storage device. This one should be obvious.

4. Write a stupid shell or perl script to automate sending coins once sign-up phase has ended.

+1.

Dev, don't make it too complicated for yourself.

Create a new coin with the same specs, but 90s-3min block targets. Keep the same address database. Redistribute. If you want, add another 25,000 free stakes so people that didn't get a chance to register can.

THIS would be fair! It is NOT fair when Dev is cheating (or loosing or whatever) thousands of stakes!!!! Latter in best case is just plain incompetent.
Take your second chance Dev. People would honor this as a fair move from you.

Actually I'm wrong. I'm an idiot. If he creates a new genesis block, all the addresses wil be invalid. There's no way to make this fair if we relaunch. Most people don't even have an account on BCT.

The only solution for this version of FairCoin is to keep moving on, prob create a donation fund or something.

If the dev really wants to, delete FairCoin, create FairCoin v2. Exactly the same setup, but we have to register all our addresses again, starting from 0.

Some questions to be answered

1. Did you try dumping private key with PyWallet?
2. Is it possible to eliminate the 15M remaining coins? I fail to see how this could be done. If yes, then maybe just add another 15M, delete the previous 15M and run an IPO for those 15M with 5 hour delay tokens to make it as fair as possible... however I think it's impossible