Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CACH] CACHeCoin released based on scrypt-jane
by
lishbtc
on 07/06/2014, 06:33:53 UTC
hey guys...thanks for the quick reply. Much appreciated and shows the level of support the cachecoin community has. Unfortunately I'm afraid I've hit the worst case scenario mentioned by kalgecin. An updated & sync 5.3 wallet still shows zero balance. Looks like I've lost my entire balance of around 177 cachcoins to old fork staked limbo.


I've missed updating my wallet by 2 days. I've heard many times "Dont invest what you cannot afford to lose". I invested in cache to capitalize on the scrypt ASIC deal put on by FIB, and believing in jasinlee and the involvement FIB and others (such as an active dev) had in this community was happy to keep what little I had left to stake in hopes cache prices would rise again. As a paycheck to paycheck fellow, I am no means a big time investor with money to play around, so every lost dollar does hurt. I cannot say I am not both saddened/upset and a bit angry at losing my coins. Bad luck I suppose. I've lost fiat dollars due to cryptocoin instability and poor choices in the exchanges, I've lost amounts of coins in the past due to local/online wallets being hacked (good old pre-wallet encryption days), exchanges being hacked, exchanges closing, etc....but never from a wallet update.

I am not overly familiar with POS coins, so I am not sure why having a staked balance during a fork would force the coins into limbo. I assume there are others in my position who have left their boxes happily humming away staking coins only ending up to lose coins in stake due to an update...IMO this isn't really acceptable. there should have been a way to unstake coins in an unsync'd wallet to enable import into a new version....but my technical knowledge is far from knowing anything. sorry for my venting.
I'm not sure if I will continue on or support any other POS coins any longer due to this reason...


jasinlee ask for any future updates in the future - please include an auto-updating wallet and protection on staked balances. IF the cryptocoin community is to survive, issues like this must be addressed as merchants and other users will not adopt a payment system that necessitates constant vigilance to protect themselves from these circumstances. popup box indicating new wallet and time frame to update perhaps?

pls donate to:
CACH: CdnDi8pY5ieNG5GNC2sXd5oHhygQU3AoYG
LTC: LPsonzJwQL94JN6ggGUM5c9z7zQaeewHuA
BTC: 1HDRVsxQh8PntXCxFAUQ36uiTtojWop3TQ

wallet 5.0.2


wallet 5.3

 

Please rescan Smiley

Append --rescan to the end of your shortcut and re-open your wallet, please let us know how you get on.

Cheers