Quote from: jztxeno on May 26, 2014, 07:21:12 PM

Dev, I got 100k CFC in my Stake Balance... What will happen to them? And how will we be able to switch them?

First paragraph

Quote from: coffeecoin on May 26, 2014, 06:44:36 PM

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 Our source is based on out-of-date code, and allowed incorrect genesis block data to pass through (PM me if you want exact details).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. I'm getting us prepared for a 1:1 swap by asking around our listed exchanges. Basically, we need one of them to host a CFCv1/CFCv2 trading pair, preferably with 0% fee. While I don't entirely agree with our former dev's distribution method, what's done is done, and I will not allow anyone to lose their holdings!

Timeline for fix 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 POW
Block 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 removed
Min stake age: 3 days Reduce to 24 hours
Max stake age: 9 days Increase to 90 days
Add Coin Control
Add "Unlock Wallet" button for ease of staking an encrypted wallet
Add daemon with release by default
Port: 16789
Rpc port: 16889

Please take part in the poll to decide the future specs of our coin!

My goal is for no one to lose any of their coins. It might be possible that the exchanges can just do the swap behind the scenes; that would totally negate the need for CFCv1/CFCv2 parity and would be a lot easier. I'm working that out now, and will post my findings as soon as possible.