Quote from: lkyinvestor on December 27, 2024, 10:15:54 PM

Hi

When someone revives a coin, it is obvious that you have to revive it from the last block of the longest chain,
to include all transactions - that guarantees all funds are safe, all is fair.

In case with LKY, "revival" made a hard fork from the block deep in the past (found on Nov, 25, 2013), 11 years ago.
After this block there is a gap to August 2024. All coins accumulated since Nov, 25, 2013 till August 2024 are not present in the new chain.

Then it is a question why that was made in a so strange way, with so much evil for many holders.
Why just not revive from the latest block with all those transactions happened since Nov, 25, 2013 included?

One who made a "revival" probably owned LKY in Nov, 2013 and then sent coins to Cryptsy exchange wallet when there was a famous pump called "Remember the moon in November".
Then sold LKY on Cryptsy to investors who were buying Luckycoin. So, investors paid their BTC and got LKY after Nov, 25, 2013 - on Cryptsy platform and then sent LKY from Cryptsy to their wallets - after Nov, 25, 2013.

But if you restart the project from the block found on Nov, 25, 2013, when coins were present in the wallet of one who sold them on Cryptsy later, the person again owns the coins which were sold many years ago, and is able to double spend them now.
While investors, who bought coins many years ago, don't have them any longer, because these transactions are not present in the new chain.
That looks like a new, uncommon type of double spend, with 11 year gap, hidden under "revival" idea.

That is just a logical explanation of why the block in the deep past was chosen to "revive" the project.
Even if it is not exactly what happened, anyway investors were buying LKY in 2014 and later, now their holdings are not present in the chain, and new investors are buying the same concept.
So, in any case it looks like double selling of one concept (under one name, logo, story) - because previous buyers automatically lost their share in LKY project.

Understood. This explains a lot.
So rolling back the chain to a much earlier state allows someone who still has access to these old wallets to spend them now in the new fork.
Completely negating any newer transactions that were done before.

Which probably explains why these so called "dormant" wallets has become active again.
I made a post about it recently on X.
https://x.com/ZachZwei/status/1872301134813237399
The scary thing is, this unknown user seems to have access to multiple wallets.
Distributed some old coins to new addresses.
The LKY revivers seems to promote that it was the og dev "LuckyC" is in control of this wallets.
What do you think?

Also, I was experimenting with the og LKY client v1.0.1 and saw a bootstrap.dat file which was still downloadable.
Ran the clien with it, and it is syncing way past this so called "revival".
Currently at block 537269, dated March 19, 2015.
https://imgur.com/a/Pb8lwfW
Posted about it too to highlight the fact that the og chain is still downloadable and syncing.
https://x.com/ZachZwei/status/1872675313156849960