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    Author Topic: [ANN][NKA] INCAKOIN l Perú l Launched Aug 2013 | update v.1.5.2.0 released  (Read 176312 times)
    nkacrypto
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    October 11, 2018, 03:21:28 AM
     #2041

    @PowerHemp

    An example of a large wallet, is one with say
    550,000,000 NKA sent in 50,000,000 transfers (inputs), with now nearly 300 days of staking weight.
    There are many others...
    Wallets, like the largest one with around 1.6 Billion coins (The one that Bobby "donated" years ago to the project), which has lots and lots of about 1,000,000 NKA inputs, which was a ASIC POW mining address, which is obviously an encrypted wallet.dat which he opens once in a while and allows it to stake; those ones seem to work fine with the new adjustments of the protocol.

    The 550M wallet (as an example) funds, cannot be moved now, without losing the staking weight, which would constitute a massive loss in ownership of the network, and is terribly unfair to myself and those other investors who I have painstakingly got involved in this project and assured them they could hold those funds and accrue "interest" by staking, and holding the percentage of the network on par with everyone else (as when they bought them), as we are all (of course) should be able to stake at the same rate, or its become a hybrid scam coin. Where the high staking rate now works against them, instead of for them; to the benefit of others who were prepared for the change.

    One of those investors (who holds a large key), has told me he wants to break up that key into smaller wallets to try and sell to his friends, although the coin appears to be now approaching death, as Bobby and Jamie seem to of all but abandoned it; he now may not even be able to do that (sell to his friends).

    Of course with the splits in the chain, there is no exchange which runs the valid longest chain now, and thus, we have no exchange to even send coins to, in an attempt to sell/exchange them with others.

    It has been expressed to me (and I'm starting to believe it now), that the plan could be a malicious one (to my incredible amazement), where by at some point (a year or two from now), the update comes with a reduction of staking percentage, like say 1% every 35 days instead of 9%, and those wallets and fund woulds have lost a massive percentage ownership of the market capitalization of the coin; making it a complete scam coin, and really destroying it for any sane investor.

    If this issue is easy to fix, (which I believe it is), why has it not been fixed yet??
    The splitting of the chain is much more difficult to fix, but other coins, like our parent project Peercoin, had this very same bug, and it was fixed!
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