So are my old colossus coins no longer valid? I didn't swap them so I'm assuming they're lost in the ether. That would be unfortunate.
you had half a year to swap em if im not mistaken. thats how long the swap took.
I wasn't in a position to be checking on all of my crypto currencies for that time period. I had assumed that the point of investing in blockchains was immutability. I suppose this was not the case with ColossusCoin
The swap has finally ended on 26th of January , 2016.
Swapping was open for
6 month as of 26th September, 2015 till 26th of January , 2016. 6 month is ages in Cryto.
It was announced on Twitter, Facebook, Colossuscointalk.org , Colossuscoin.org and here on Bitcointalk.org
6 month is ages in Cryto. i agree 1000% with this one.
6 months in blockchain tech is certainly not ages as far as immutability is concerned, it's more like the blink of an eye. Tell all the smart contract people that they can only expect their smart contracts to be good for 6 months. Good luck with that one. I'm sure that would go down real well with investors who have money. Announce it on twitter even, and facebook and myspace too. You guys act like I should have been facebook friends and twitter buddies with every crypto currency I invest in. ColossusCoin has a volume of $12 a day. You can't expect people with busy lives to keep tabs on the latest hap of every alt coin, nor would I have expected something so critical as "If you don't stay facebook friends with us, you might not see when we make our immutable blockchain totally irrelevant." I have like 30 cryptos on my computer all of which I have no time to blockchain sync more than a couple times a year at most. The alternative would have been to have left them on an exchange like Cryptsy which of course we all know how that would have ended up anyway.
So far, the only few coins I have that are no longer valid are coins that went completely dead. My buy and hold strategy for nearly every other coin has not had an issue so bad as "Yes we are still here but while you were busy this past year, we essentially threw away all the private keys of people who weren't paying attention."
So hey, agree 1,000% all you want. A guy who is all about crypto is no longer all about your mutable blockchain coin (which basically isn't even a blockchain, we should just call it a database). But thanks for your 2 cents, if you'd like to give me the million colossuscoin I lost (I know, not much but I didn't have the highest of hopes for this one anyway) then maybe I'll stick around. I'm up thousands of percent across the board so trust me when I say I won't necessarily miss ColossusCoin, but it is a bit of a drag to find that my permanent private keys have ended up being quite temporary. I'll continue to support crypto nonetheless, just probably not this crypto. How do I know if I bought ColossusCoin again that they wouldn't end up the same way next year? That's not exactly a sound investment for busy people (most people get money to invest by being busy). So if you guys were trying to attract more adopters, I would have definitely second guessed that whole burn all the old private keys strategy. That's an investment killer right there
