Concerning the wallet update...I had a nice, long conversation with Orangecoindev, and CFC's source code is a lot worse than we initially thought. So bad, in fact, that we will have to re-release CFC and do a 1:1 swap. Our source is based on out-of-date code, and allowed incorrect genesis block data to pass through (PM me if you want exact details). Whether through a Ybcoin fork with CFC specs, or old CFC source with patches, the new updates cannot be applied.
Exchanges notified
So it's been brought to my attention (By Bittrex) that the exchanges can swap the coins behind the scenes, no need for a version 1/version 2 parity. That makes things very simple, and greatly lowers the overall risk. This will require maximum participation by everyone involved, as this update will be mandatory. All you guys will need to do is have all of your coins on one of the exchanges, update to the new wallet, and wait for the go-ahead to withdraw. OP will be constantly updated with which exchanges are on-board to assist with the swap.
Timeline for fix
(as of May 26) is 1 week for development, 1 week for testing. We can use this time to work out our new specifications; I need to get them over to OCdev by tomorrow. Here's what we're currently have, with my proposed changes in bold:
Interest: The first year of annual interest 10%. Interest will decrease by .95*previous year's interest,
until a floor of 1% is reached.Algorithm: Scrypt POS+POW
Remove POWBlock Time: 20 seconds
Total Coin: 100,000,000 CFC
Mined Block Confirmation: 40
Transaction Confirmation: 3
POW Reward: 0.0001 CFC
Zero, once POW is removedMin stake age: 3 days
Reduce to 24 hoursMax stake age: 9 days
Increase to 90 daysAdd Coin Control
Add "Unlock Wallet" button for ease of staking an encrypted wallet
Add daemon with release by defaultPort: 16789
Rpc port: 16889
Please take part in the poll to decide the future specs of our coin!
EDIT: Poll is over! Results are at the top of the page!