This may be my last post as dev. I wish all investors, traders and the new dev the best of luck. Apologies for the lax effort on my part. There were reasons out of my control.

The new developer will have to advise you on this. He should be posting information on this thread in a day or two.

I've handed all Marx Coin related accounts over to him except this one. Not sure if that's allowed on the forum. Will need to ask the mods before I do that. If not allowed he will launch a new thread under his own account. I've spoken to him about his plans and I'm happy knowing the project will be left in good hands. He has track record which he should reveal imho and if he can do with this what he has done with previous projects the coin will do very well.

Checked on the first page;

This is total garbage. The wallet was coded by the same people who have coded about 200 coin wallets. The wallet was also checked a number of times as you can see earlier in this thread.
These are false positives. If there were any issues I would have known about it by now. Some folks revel in creating drama 

Sometime next week I'm going to make an announcement about the coin/project. The project needs better focus, something to grab on to and aim for. It's not a total departure from its original activist purpose, that sort of remains but with a difference and a better focal point. I see it as a relaunch and I think it will require a new thread and website redesign. Keep an eye on the thread next week. I will announce the coming changes here first. Quite certain what I'm about to propose next week will really help this project. Stay Tuned  

Announcement

Hi folks.

As some of you know I created a new POS coin and the intention was to have the coin swapped. That can't happen now. I contacted the exchanges but heard nothing back so from that alone I wasn't able to initiate the swap. Then the miners mined heavily and went above 40mil coins I created for the swap. Will now have to let the coin go through the process of POW. Lets keep in mind 40 mil wasn't enough for the coins global supply so its no bad thing we allow the mining phase to continue. Once that has completed I would have to switch the coin to POS anyway. if the exchanges got back to me I think it would have happened but I didn't want to push them to hard in case they decided to delist the coin for some reason. Long haul guys.   

Current supply is 40502440.00000000

If it could be swapped over in a day or two then it would be fine. The extra would be made up from the premine development fund. But, I think by the time the exchanges got around to the swap that number could be 42 million and I wouldnt have enough coins for development. I currently have around 4.2 Million for that and based entirely on a hunch I think I will need 3 million to pay for stuff. Im even happy to put those in to Escrow until they are needed. No way is any of this a ploy for personal gain. Im a socialist, I share stuff

This is what I would do.
Scrap the newest blockchain. Create new POS coin 90 million. Easily enough for over mining and covers all holders and provides them with X2 of their balance at the time of the swap. Or if there is no X2 I would create 45 million. Again more than enough to cover all holders and whatever is left they would be destroyed. If it were to happen this second I would need exactly 40502440.00000000. With hindsight I realise now I created to few coins.  Lesson learned.

Typically its a 1 for 1 basis but Ive seen swaps that double the amount. Can't recall seeing a current supply coin reduced. If I am to secure a wide distribution for the coin outside the Crypto scene 40 million is probably not enough. I understand that traditionally a scarce coin can be good for price but in this case I dont think it would make any difference. Consider the available supply of coins like ETH, Waves, Ripple etc which are in the billions compared to this coin. One person could end up owning 50% of Marx coins which might not be advantageous for the rest of us. The exchanges simply need to swap the wallets and all accounts (Marx) are swapped over to the new blockchain.

yes, and with me having to create a new Genesis I can also make sure the POS rewards are super worthy. I tried with the previous version I just created and despite my best efforts I wasnt accumulating much POS coins.
I can hopefully address that this time with the new creation.

I will make sure this coin rises (once we are out of the dirt)  


Im also thinking about a slight rebranding removing Karl Marx and positioning the project more toward classic liberal ideals. I think we may have some scaling issues with Marx as the project icon. The name of the coin is fine though.

UPDATE

I was ready to move for the swap. Sent a couple of email to exchanges didnt hear back (which I expected). However the miners have gone over the max limit of 40 million coins I created so I have no option but to create the genesis block again. Sorry about that I will get on to the new creation asap. But this also has me thinking that 42 million coins isn't really enough for widespread distribution which is what I intended. I think the project needs more than 42 mil coins approx so I want to put this out there and see what some others think. What if the swap was a 2 for 1 deal. You have 10k coins in the exchange and you recieve 20k. Would that be a bad thing to do?

I think I could be more active and I will be once I get things moving and we are out of the current situation. Ill be around tthough, no matter what happens.

I will try 

Thanks bro  It's a very small project for now but I hope to turn it in to something larger and useful & if investors make profit I will be most pleased.
Who knows, maybe I will switch to an EC20 ETH token further down the line 

I hope so and I think with the end of the mining phase we will see a lot less dumping and then hopefully the coin can catch a breath to climb.

As soon as possible. If your coins are in the exchange leave them there. The swap will happen automatically, you wont even notice it.