Commit 21f5817b authored by Masterdubs's avatar Masterdubs

fix rpc

parent 4e294af1
......@@ -23,23 +23,20 @@
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<p>If the fork is the winner, then the PIRL chain will have a fork.
This would mean the new chain will not have the 7 million sitting in the Cryptopia wallet.
Instead It will be in a locked wallet that has no key. If cryptopia later has a change of heart, they can contact PIRL legal and we can start working on a recovery plan with them to refund the pirl to the users that sent trusted them with their PIRL.
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<p>If the fork is the winner, then the PIRL chain will have a fork.</p>
<p>This would mean the new chain will not have the 7 million sitting in the Cryptopia wallet. </p>
<p>Instead It will be in a locked wallet that has no key. If cryptopia later has a change of heart, they can contact PIRL legal and we can start working on a recovery plan with them to refund the pirl to the users that sent trusted them with their PIRL.</p>
<p>When a chain is forked, there are two chains running, the old one, and the newly formed one.
The Old chain would still have the funds in the cryptopia wallet, which they have locked all users out of, and intend to most likely sell to the market at whatever rates they can get. (dump).
In the new chain the funds would be stored in a wallet for safe keeping, that cannot be unlocked to send from, by PIRL or anyone else.
This keeps the total number of pirl created the same, prevents the fraudulently taken funds from being dumped and also allows safe passage of time if they decide to open up with withdrawals for thier users to remove the pirl from them directly.
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<p>How would that work if it was forked? After they present enough trust to the pirl community that they will do as they say, we will fork again (after another passing vote), to re-instate the balance on thier wallet so they could send the pirl back to pirl account owners.
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<p>The Old chain would still have the funds in the cryptopia wallet, which they have locked all users out of, and intend to most likely sell to the market at whatever rates they can get. (dump).
<p>In the new chain the funds would be stored in a wallet for safe keeping, that cannot be unlocked to send from, by PIRL or anyone else.
<p>This keeps the total number of pirl created the same, prevents the fraudulently taken funds from being dumped and also allows safe passage of time if they decide to open up with withdrawals for thier users to remove the pirl from them directly.</p>
<p>How would that work if it was forked? After they present enough trust to the pirl community that they will do as they say, we will fork again (after another passing vote), to re-instate the balance on thier wallet so they could send the pirl back to pirl account owners.</p>
<p>TThe funds in Cryptopia wallet would be effectively suspended on the new chain, and will still be useable on the old one. If Cryptopia wanted, they can keep the old chain running themselves, and list pirl on another exchange, and effectively then sell it for something else. That is up to them, but the main portion of the chain, and the exchanges we have paid for, will be updated to the new fork.
The new chain will still have the same number of coins total, and all other wallets would be unaffected. This is a safety measure as what we see if basically, an exchange that locked up around 7 million pirls that are not thiers, and is not allowing a method to retrieve them.
To add to that, they are also dissolving as a company, and most likely the infrastructure needed to make withdrawals for users happen is being disabled as you read this.
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According to this <a style="color: blue;" :href="https://www.insolvency.govt.nz/business-debt/the-liquidation-process/">https://www.insolvency.govt.nz/business-debt/the-liquidation-process/</a>
According to this <a style="color: blue;" :href="'https://www.insolvency.govt.nz/business-debt/the-liquidation-process/'">https://www.insolvency.govt.nz/business-debt/the-liquidation-process/</a>
The share holders are the share holders of the company, not the investors that trusted the company with holding their cryptocurrencies.
Due to this, we think the decision on what would happen to the PIRL from a liquidation standpoint is obvious
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