@klopper
I am sorry but I expect a response from TheStuhlman.
Other people think like me that the communication wasnt good!
I call complete and utter BS on that. The communication from Stuhlman was great and the only people who whine are people who intentionally mined until the very end in order get coins on low difficulty and you guys now come here, blaming the developer who did everything in his powers to make this transition as smooth as possible.
I don't disagree that Sthulman's communication was good - It was simply misleading and easy to misread or not follow exactly what was happening. I (incorrectly) assumed that mining would stop once the 1.6 million had been mined and that we could then exchange our coins. At no point was it mentioned (that I recall) that there was the possibility that 1 in 5 coins would not be available for exchange.
I could have forgiven maybe 2-3% of coins to make up for lost wallets etc, but 20% is an enormous number. This is what SHOULD have been communicated and the pools SHOULD have been shut down OR the block reward changed to ZERO to prevent this. There were plenty of ways this could have been prevented.
TheStuhlman can't force pools to close operations. Stop blaming everybody else and take a long look in the mirror. It's your fault and nobody else's and there was nothing misleading in the announcement. Learn to take responsibility for your own action or inaction.
1) We are taking responsibility by calling them out. I have not asked for anything except an explanation and doubt I'll even get that. 2) That cuts both ways. The devs here are supposed to be the professionals, and we are just consumers. They need to take responsibility for their crap communication that screwed over their own supporters.
I have pointed out that neither the website nor the OP clearly stated that the ability to exchange CAI for CAIx would stop. I have not yet seen any of the supporters of this transition dispute that fact. The devs say they can't put updates about every little development in those locations without completely flooding them. This is true, but we are not talking about a little development. There is currently a great deal of fluff in their announcements about future announcements in the OP; this is taking up way more space than they ever devoted to explaining how the transition would work. They could put those details all over the internet and on TV and in newspapers--but if they are missing from what should be the two primary sources of crucial information on the coin, then they have failed their supporters.
Now that I see what the transition plan actually was, I can't get past the view that it was either extraordinarily poorly planned, or extraordinarily dishonest. They knew that a substantial portion of the coins mined would be trash in the end--and an even higher portion of those mined toward the end would be useless. Are they so naive as to believe that people were just going to be cool with throwing away those coins (poor planning)? Or did they know that people wouldn't like it and therefore decided to downplay that aspect of the transition (dishonest)? It really has to be one or the other. They passed 1.6M around 5/8, so everything mined in the last 10 days was essentially worthless. Even if the communication had been perfect, you would still end up with a mad scramble to exchange coins before they ran out, and some of their supporters would get screwed. How is such a plan defensible?
One of the biggest challenges facing cryptocurrency in general is making it suitable for the masses. If anybody thinks that a coin is going to succeed if its devs can't even communicate this kind of fundamental information to a very tech savvy (relative to the general population) base of supporters, I think you are sorely mistaken.
There were aprox 300k of the 400k premine coins that did not get converted to caix. There was plenty of coins available and no problem with communication. You lost coins because you did not pay attention to your investment.