We have premined 501 blocks and will create the appropriate transactions within a week of the new launch.
501 * 50 = 25050 NUD. Do you really need so many blocks/coins just for testing purposes?
We will not take any of the premined NUD for ourselves
How can we be sure about that?
Wouldn't it by much more comprehensible (and thereby also more trustworthy) to convert the existing blockchain to bcrypt in the proper way, rather than creating a new one and employing some hard to grasp scheme of premining and transferring transactions to the new blockchain. This will essentially circumvent the crypto which we all trust in (otherwise we wouldn't use cryptocurrencies): The transactions were signed cryptographically with amounts decided by the users. Now if you break the scheme to create an 1:10 exchange, you have no way other than going completely without the crypto, thereby forcing all users to trust your benevolence as a monopolist. Discriminating cryptocurrency users do not need to trust a monopolist. They could just as well decide to take the source, fill in other seed nodes and use the other features on a "Community-NUD" blockchain, deciding themselves about a better way to switch to bcrypt if they want, and leaving you with your "Dictator-NUD" blockchain and your pre-mine.
The source is out there, if you want to hardfork your own crypto you can.
I have already warned people previously that this is an experimental crypto and no need to go crazy buying/selling it at such an early stage. I am trying to satisfy the highest % of people with my decisions however I understand that it might upset some. The network was never meant to accept scrypt blocks which are really easy to mine, one could hoard tens of thousands of NUD with a simple scrypt miner.
I have promised people an even distribution with bcrypt and this is what I intend to deliver, 1/10 of the coins is the appropriate reward for the early adopters that exploited the bug (not necessarily purposely), I think that the masses would agree with my decision, otherwise the masses can fork the client and gain more support. If anyone wants a refund sign me a message with your public key and I will issue it.
Have a great day!
There are two kinds of people innovating on software. Those that warn you that their software is experimental, and later on work together with their user community in order to solve everything in the best interest of the community. And those who lean back on the "well, it was experimental, so don't complain if I made a huge profit due to your greenness". The Bitcoin guys belong to the former kind. Bitcoin was always advertised as experimental, but it still grew because the developers were responsible. It also had bugs. The latest larger one was the transaction malleability bug. But they did not say: "Well, we'll launch a new blockchain with a huge pre-mine, and if you want to be redeemed just write us a message." They fixed it on the existing blockchain. Which leaves us with the question why the NUD team refuses to work with the community. What I'm reading here reminds me of the MtGox story, where they suddenly stopped to process withdrawals and asked for users to identify themselves. Now we should probably grateful if you don't require us to send in passport copies in order to get some fraction of the mined coins on your new blockchain...
Can you explain what you're up to? If it was really an accident that you launched using scrypt, then this altcoin could still be an example for altcoin pioneering efforts if the blockchain will later prove that this altcoin managed to do a stable change in the hashing algorithm. It may even serve the goal of easing Bitcoin users' concerns about a change in the hashing algorithm possibly being necessary in the future, because they can see it can work out well. But what you explained sounds more like an altcoin where people will later look at the "first" 500 blocks in the blockchain and see a big red "ScamCoin" flag.
Take it easy man. There are no blueprints for this stuff.