Post
Topic
Board Announcements (Altcoins)
Re: [ANN]DeleteCoin -MANDATORY WALLET UPDATE- FORK COMING AT BLOCK 6,000
by
Painful Truth
on 26/03/2014, 12:32:46 UTC
Github updated.

what is a fork and what benefits will it does to the coin/the community?

I outline it in the OP. Essentially we are reducing the total coins and block reward, hopefully increasing the coin value to allow for a more effective manner of purchasing alts. Secondly, we are changing the process for the coin entirely. Only alts on an exchange can be traded for Delete, at that point we will sell back the coins on exchange to drive down the price and hopefully render the coin worthless, use that BTC generated to buy back DeleteCoins, and than remove those coins from circulation forever, thus reducing again the overall Deletes to be in circulation. Essentially it will become a self deleting coin.

Interesting to see how this works out. Might work if enough people go that route.