Lets move on this, get the new coin created already and start the process...

We are discussing how to convert PMC to newPMC without newPMC even existing...

In the meantime I have asked 'nearmiss' to look at Europex.eu or C-Cex for possible purchasing point for PMC for Hashcows....

Polo will drop us like a hot potato unless we move quickly... ( and who really cares, really.. polo is the death of so many coins sometimes it seems )

It is sad because Tristan is a really cool exchange owner... it is the customers who pump dump and kill...  it isn't his fault...

Donated 0.2 BTC. We need to get started my friends, since I guess busoni wants to see some results soon, which I fully understand.
Burning PMC for PMC+ would be nice, phase should last about 4 weeks so everyone who cares has the chance to switch. Coins not burned will stay PMC and are probably worthless then.
This will reduce the total amount of PMC by a great amount and we know exacly how many coins are left. One idea to burn PMC would be a market on Poloniex, where You can buy PMC+ with PMC in the relation 1:1.
After four weeks all coins (PMC+) left over will be destroyed. I guess busoni can do this, in my eyes he's one of the most trustworthy persons in cryptos.
In the next phase PMC+ will become POS with "modern" features. I think about features like transactions and a chat routed through tor or i2p.
Is that doable? I'm sure it is, it just needs some nerd progging this. I'm not able to do this, but if I was able to do it, I'd start buying PMC and finish the project.
And when You take a look at the price of PMC now, noone could say later, he had no chance to get in. I'm strongly against giveaways btw, didn't work for us and it seems people prefer to get scammed by IPOs. So please no IPO or giveaway.
Just my two Satoshis.

so why this coin got so cheap and dead ?

A lot of alts go/went through this, but PMC is going to be different.  We have a new path and solid support.  Cheap, for now; dormant but certainly not dead, simply changing.

Letter to Busoni:

We have raised the BTC to create PMC2... Now, very soon, there will be discussions on how to use PMC to buy PMC2 ( your help would be great, but not nessesary ) and how to distribute the rest of the coin.... PMC2 ( possibly be renamed ) will be 100 percent POS WITH rewards... PMC holders will be able to buy in... a lot of coins will be given out for free, and the rest will be POS rewards.... it will still be relatively scarce... instead of 500,000 coins, more like 2 million ever total... but our community is strong and we appriceciate you giving us this chance....

In addition  I did ask 'nearmiss' from Hashcows to look into Europex.eu and C-CEX for possible buying points for PMC, just in case...

Understand this: It was the PMC community ( Me mainly ) that got him to use you ( Poloniex ) as a buying site for coins for the scrypt multipool...  it cost us 0.65 BTC to get it done... XBC rides PMC's coat tails on this one...

BUT Tristan... hang a little longer, we will get it done...

Thanks again...

kbroadfoot

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LoL...

































mebe...


















;-)

You want to give out a lot of coins for free. You got my veto regarding that point. The coin gets diluted that way. You can get 1% of all coins for about 250$ atm. I bought >5k for peanuts. In case someone shows interest he shall go to Poloniex and get some! Giveaways never work. Features do. That's what we need.

I also did some digital artwork which was originally going to be used for PMC, but can be used for the launch of the new coin. I'd be happy to give copyright permission for its use in anything related to the new currency.

It's rather future-tech looking. I can send renders on request.

I agree....  the so called 'airdrop' of the rest of the coins will not happen right away... and TheMightyX has come up with a tiered system to drop those coins anyway with will make it a longer process... I think Nullu shoud be in charge of the Airdrop..

Phase one is simply the offering of swapping PMC for PMC2 ( or what ever it is named )

This phase should be long enough to get the word out AND we need to destroy any remaining coins NOT swapped in...
( People like public destruction of coins for whatever reason )

Then after some time ( another month perhaps ) we start the second phase... which should/can last for 6 months
Also we should put a bunch into a faucet that can be hit daily etc etc.... that would be up to Nullu...

We could map the number of coins swapped out for PMC2 to an equal number earmarked for giveaway as well.. or not... there are a lot of possibilities...

I'd be happy to keep a proportion of the coins safe until the time comes to distribute them. As long as we have a well thought out plan on how it's all going to happen.

What went wrong with the initial distribution was too many coins were given to too few people too quickly. I like the idea of phases, and a well-thought out approach to distribution.