Quote from: y3804 on March 12, 2014, 08:09:45 PM

Quote from: flounderella on March 12, 2014, 07:16:09 PM

So there are obviously a few lessons here:

1. First, its hard to create a fair coin like this though the devs tried to minimize it by checking for proxy, having a token system. Still if someone was really determined, you can click every hour and maybe if you don't have much of a life and suffering from insomnia, could get say 50000 coins

2. Keeping the PoW reward so small initially discouraged miners, so transactions and confirms stayed stuck for hours and hours. There really is no incentive to mine. Plus no difficulty retargeting and silly 10 min blocks

3. Keep a backup of the wallet file on a secondary storage device. This one should be obvious.

4. Write a stupid shell or perl script to automate sending coins once sign-up phase has ended.

+1.

Dev, don't make it too complicated for yourself.

Create a new coin with the same specs, but 90s-3min block targets. Keep the same address database. Redistribute. If you want, add another 25,000 free stakes so people that didn't get a chance to register can.

THIS would be fair! It is NOT fair when Dev is cheating (or loosing or whatever) thousands of stakes!!!! Latter in best case is just plain incompetent.
Take your second chance Dev. People would honor this as a fair move from you.

Happy_idiot

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