Can someone explain to me what the rationale is for only providing enough CAIx to exchange about 80% of the supply of CAI that was mined?
I have been mining this along with a number of other currencies and don't have the free time to read every thread post for every coin in its entirety. I was relying largely on updates to the website and OP for information on exchanging CAI for CAIx. I think that if there was going to be a hard deadline on making one-to-one exchanges, it should have been in the OP and in bigger, bolder lettering than the nearly meaningless updates. Scanning through the posts, I would see a lot of discussion about CAI mining ending, but relatively little mention of the game of musical chairs that we were apparently playing.
In the end, I only spent a few dollars worth of electricity to get CAI that were worth something like $25 last time I checked--so this isn't the end of the world. But I think it's worth mentioning that this doesn't seem to have been handled very well (unless I'm missing something, which I very well might be).
We made way over the current supply at the time we started this transition process. CAI mined was about 800k when we started with this switch, the amount we set CAIx was about 1.6 million CAIx. So there was plenty of time to switch all CAI. We also said mining will continue till all the 1.6 Million CAIx have been exchanged so if we only made 80% no mining could have been done.
You made 80% of the total amount mined; the supply at the time you started the transition process is irrelevant for anything except use as a baseline from which to estimate future supply. You set the time at which mining was to close, which should have allowed you to make a pretty accurate estimate of how many coins would be out there. It sounds like you must have expected mining to end considerably sooner, which also points to poor planning.
You said mining would continue until all 1.6 million had been exchanged--but that is not the same as saying that you will not exchange for the remainder of the CAI after that. Why would people continue mining as the 1.6 million mark closed in and the possibility of not being able to exchange coins became more likely? I can't help but wonder whether the poor communication of this point was intentional to some extent in order to retain an adequate supply of miners through the transition.