Post
Topic
Board Announcements (Altcoins)
Re: ★★★★ [CAIx] ★100% PoS ★1.6 Million Shares ★Limited Mining Period ★★★★
by
kjesser
on 09/05/2014, 19:28:20 UTC
I see a lot of references in the announcement post about certain events occurring when the exchange from CAI > CAIx is complete.  I'm assuming this means when all 1.6 million CAIx are gone on CoinSwap.  My question is, what if this never happens?  For example, someone forgot about their CAI in some wallet and never make the exchange.

If this turns out to be the case (which is very likely), will this prevent the switchover to CAIx on exchanges and such?  Also, in the ANN post it says that mining will end on 5/18.  If there is still CAIx left to be exchanged on CoinSwap will mining of CAI continue?  Will there be any sort of time limit on making the switch on the coins?  If that limit gets hit and there are still CAIx leftover does that mean the total supply will actually be LOWER than 1.6 million?

I think that they will put 1.6 million CAIx on coinswap, people will exchange their CAI for CAIx 1:1, if people who have forgoten about coins they have mined then they will be out of luck as people will be mining CAI right up until the point that the last CAIx has been traded from Coin Swap, anyone with CAI after that will be sad.