That's a lot of newbie accounts looking for a 4yo coin to come back to life. lol
I just wanted to clear the air before a lot of questions get asked going forward:
- This is a coin, not a token. I know all the ICO fanboys like their new lingo, but I'll stick to the old school vernacular.
- There is no ICO or silly ICO profit scheme.
- There is no bounty program.
- I'm not the original dev, but I kind of claimed ownership of this project when the dev went silent.
In the past, KDC was associated with the gold rush, and even was tied to precious metals at one point. I think the appeal was that crypto at the time was weak, and the idea that something could be valuable like gold was a cool selling point. With a few different coins pushing past the price of gold now, I don't see the appeal in trying to tie this to gold again. It's one direction to try to take this coin in, but it doesn't have to be the only option. Rebranding the coin to something more generic would be a better option, IMO. It would allow the coin to find it's place instead of trying to force it to be something it never really lived up to in the first place.
Now, that's not to say that I didn't originally have plans to continue down the path of tying this back to precious metals somehow. At one point, I toyed with the idea of trying to create ultra rare bonus blocks that would equate to the cost of gold at the time of solving the block, i.e. if gold was $1200 then the block reward was 1200 coins. Eventually, if KDC reached parity with the dollar, the bonus blocks would essentially buy you an once of gold.
I threw around some other ideas as well, but I never really finalized on a plan to move forward.
I will say this though... I'm not a huge fan of the current mining mechanics. A move to another algorithm would be highly beneficial. There's a lot of miners out there right now with GPU gear, and moving past scrypt to something more GPU focused could possibly bring in supporters looking for a long shot option other than what's out there right now. Plus, with L3+ machines in the wild, I honestly don't want to see the chain get stuck on some insane difficulty because someone decides to point an L3 farm at us to mess with us.
Just some thoughts for the day. I'm into hearing what people think, or if some of the old timers here have any creative ideas on how to move forward.