Post
Topic
Board Announcements (Altcoins)
Re: [ANN][FLAP] FlappyCoin ★ 0 Premined ★ TRADED ON CRYPTSY ★ GAME INSIDE WALLET
by
NZ_miner
on 04/04/2014, 21:24:53 UTC
FLAPPY COIN HOSTILE TAKEOVER

Well maybe not so hostile given the current Devs are currently AWOL and the coin has hit rock bottom... also it would not technically be a takeover but a hard fork (There is currently a team looking to do just this with Litecoin). This has been proposed a few times in this thread, but I think it might be worth doing. Details below:

How would it work?

Technically it is not that difficult, the real hurdle is in the implementation and adoption. As the scrypt is all open source a new wallet can be created and a block number set to hard fork the coin. As of that block all users would be required to update their wallet and mine on the new fork.

New Dev/Team


These members would have to be agreed, and not just to cover technical side but anyone with enthusiasm and time to spare. It would also present an opportunity to change any details of the coin we wanted, block reward, difficulty retarget (adopt digishield?), scrpt algorithm (X11?), total number of coins etc. etc. Any ideas/innovations could also be built into the wallet or planned for a later update.

It may also be worth contacting the other set of Devs who were going to release a Flappy Coin until this one jumped the gun, they still hold a lot of the flappy website addresses and given the circumstances would probably be happy to help.

In order to avoid confusion it might also be worth changing the name slightly so people can be sure which fork they are on, (FLAPZ?)

Pool Operators and Exchanges


We would need the cooperation of pool operators to either agree to replace their flappy wallet with the our new version and advertise the mandatory update, or alternatively they could run both a FLAPZ and FLAP pool in unison. I don't see it being a problem getting at least a few pools running in time for the fork. As for exchanges, again probably not an issue getting listed on the B-list ones early on, but like any other coin it needs community support, liquidity and value to get listed on the larger exchanges ... which can come with time.

Personal Wallets

After updating your wallet you will inherit all your existing FLAPs you mined/purchased prior to the fork, which would now be FLAPZ. After this point only mining/transfers between the new wallets would be recognised by the new fork and it would not be possible to transfer coins between FLAP and FLAPZ chains.

It is also possible to keep both wallets in the short term, so if you had 1 Million FLAPs before the fork, you would still have 1 million FLAPs after the fork + 1 Million FLAPZ in the new wallet on the new fork.

Adding value and direction

This is not worth doing if the end result is just a clone of flappy coin. The coin needs ideas and innovations, many which have been suggested in this thread, agreeing these and a direction is a must. 

Currently FLAPs price is about as low as it could be and the mining difficulty is really low. So everyone would have the chance to mine and buy coins before the fork, which should help with an even distribution. After the fork there will also be over 50% of coins left to be mined so scope there to.

Way forward ...

STEP 1: This idea needs support so copy this and add your comments in this thread
STEP 2: Agree on the Devs and Team leaders
STEP 3: Modify the code, create the wallet and set a block number for the fork
STEP 4: Ensure pools are available and new website etc.
STEP 5: Count down the blocks and see what happens ...

So will you make a fortune off this, maybe not, but as a Flappy holder you have nothing to lose and if nothing else it would prove an interesting experiment in this ever evolving cryptocurrency landscape.