Quote from: moonmoon on May 08, 2014, 03:26:56 AM

I wanted to ask the community for feedback/input on some of our options. Proof of Stake has been brought up a few times in the thread. I've been watching Saturncoin closely as they are doing a migration to a Proof of Stake blockchain. I am curious to see how it works out in the end with the exchanges etc. But this is one option we can consider, to create a PoS version of Particle and do a coin swap in the way that they are doing it. I have shied away from it because it seemed problematic, but if they are able to do it smoothly than maybe this is something we could consider? What if we created it with a smaller money supply and did something essentially like a reverse stock split, and did the swap out at a 10:1 ratio or something similar?

Thoughts?

One of the things I really like about Particle is that it is a very fast currency, you can move PRT around with great speed which makes it convenient, so I want to do some testing/investigation with Proof of Stake to see if that speed can be maintained.

One of the challenges with the multipool is if people dump their payouts regularly, it somewhat defeats the purpose of the pool and the buy support. So, I'd like to continue considering all of our other options to keep pushing PRT forward. The development activity behind the scenes will continue obviously, but some of those developments take time to get to release. In the meantime maybe there are some other things we can also do.

We are starting to pick up traction on Twitter and social media, so that is a great sign. One step at a time....

I think if you picked up too much attention for the coin, a blockchain change won't do good. I think it will become too complicated for a lot of people and they will drop out. And you get a lot of unswapped coins (for all kinds of reasons) and people asking questions about that stack of coins.

You'll also risk swapping a perfectly working chain to one with issues.

If you still plan to go ahead with it, ADT did a blockchain swap, maybe you can ask the dev zackclark70 for information.