UPDATE: All operations on donut.dance may be suspended indefinitely beginning with block 7,137,700. See also Legal Questions Surrounding Running the Bridge?

Note: The following plan is tentative. Please feel free to discuss and offer alternatives. We may revise the plan as needed.

For the last 9 days, /r/ethtrader has had tokenized community points! An astounding 3% of all donuts have been tokenized! This time has been fantastic, and I've loved to see how much interest this project has gotten.

It currently looks like the community is leaning toward halting transfers of donuts within Reddit. This would prevent donuts from being transferred to the bridge at /u/ProofOfDonut. We have to start planning for that possibility.

I want to give ample time for people to prepare because I know there are some who may have tokenized donuts but don't check Reddit every day.

Stage 1

Assuming the poll is still leaning in that favor at the time, all ERC-20 withdrawals from donut.dance will be suspended at block 7,121,500 (which I think is approximately a day from now, though it's harder to calculate because of the difficulty bomb).

If you still want to tokenize donuts, you need to do it before block 7,121,500. There will probably still be some time after that to convert back to Reddit donuts if desired. (I'm using a lot of qualifiers because we don't know whether Reddit may stop transfers before the time of the poll closing, so take that risk into account.)

Stage 2

(If we're allowed) the rest of the site will continue to function for about 3 more days after that to allow users to complete their withdrawals to Reddit. During this time, you should be able to move donuts from ERC-20 form to donut.dance and then to Reddit but not the other way.

Stage 3

This may give us approximately a spare day to sort anything out to transfer donuts as needed before the poll closes, at which point donuts may become non-transferable for good.

After all withdrawals are suspended from donut.dance, there will likely be some non-zero amount of ERC-20 donuts in the wild. These donuts will be permitted to continue. I think I can remove the minting capabilities from the contract, so that the total amount of ERC-20 donuts is finalized.

Anyone who wishes to keep their donuts on-chain where they can live freely as transferable assets may do so. Any Reddit donuts which are left over in the /u/ProofOfDonut account will be sent to /u/carlslarson for safe keeping (if he is ok with this). This will lock those donuts on-chain for a life at 0x23d80c4ee8fb55d4183dd9329296e176dc7464e1 for however long it may take for this decision to be reversed. In the event that the decision is reversed, these donuts may be able to find new life again (only if the app is rebooted, no guarantees).

Now is the time for you to decide what to do with your donuts. May the frosting be with you.