Post
Topic
Board Announcements (Altcoins)
Re: [ANN]DeleteCoin -MANDATORY WALLET UPDATE- FORK COMING - Check out the new proces
by
CMDlu
on 26/03/2014, 12:43:28 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.

Huh, well i suppose it is fitting if in the end, DEL deletes itself.  Still, would have rather seen the coins recycled to continue the project as long as possible.  Anyway, I love it.  I'm mining and collecting all the shitcoins I have lying around to start trading for DEL.

This could have a role, but how do you decide what is to be deleted
Essentially it will become a self deleting coin.