Quote from: Libertycoin on May 12, 2014, 08:52:22 PM

Important ANN:

As said on IRC, we had a conversation with one of our main developers in charge of implementing zerocoin. It appears we had a communication problem. He implemented Zerocoin into Libertycoin but today he said the following:

-He "implemented" it, but Zerocoin is not functional at the moment.
-Libertycoin has been prepared to activate it as soon as the Zerocoin team releases a more stable product.
-The current zerocoin implementation on Libertycoin will allow us to adopt that system easier than the rest of many other coins.
-Zerocoin will work on Libertycoin when the Zerocoin team releases a more stable version.

Regarding the Total coins:

- Unexpectedly, some proof-of-work blocks were replaced by proof-of-stake blocks before pow was over, so only 16.5 Million coins were created.
-Libertycoin is a lot more scarce now.
- You can see the total coins created here: http://libertycoin.co/supply/

Regarding the price fall:

- We are convinced today's dump was a very positive thing. Thanks to the users spreading FUD, we got rid of the weak hands and people who easily mined thousands of coins.
- Now Libertycoin has a better distribution thanks to the mechanics of the free market and the invisible hand.
- Thanks to the people dumping we managed to buy (with our own money) all the coins up to the 850 price. Coins that we will use for the creation of the Liberty Reserve Fund that will help paying for the further development of the coin.

The future:

- For the ones that have not noticed, there's not a single coin with 16.5M coins + 100% proof-of-stake + X11 trading at this price.
- In the Libertycoin team, we want to focus in to making Libertycoin a coin used in Real Life services and not just a coin for pure speculation.
- We are currently working with some members involved into the Bitcoin Foundation of a Latinamerican country (we will not say all the detailts yet) to create the first Fiat / Bitcoin exchange of that country, exchange that will include Libertycoin. It will bring a lot of press and buy volume to Libertycoin.
- We will continue working on Libertycoin. We promise you won't regret being part of this great community

Regards

pump