This from my post above:
Additionally, this move is unprecedented as far as I know. Yes, I know that projects like VeChain increased their supply by a lot from what it was, but they did it for other legit reasons. And, when they did it they allocated additional tokens to their holders accordingly to offset the change in supply. Here, they're almost doubling the supply, which will tank our holdings to zero for sure (not that's it's not already zero). They clearly didn't give their holders a second thought. I think they're just delaying their demise. I say that because I think if this project still had legs some of the many "heavy hitters" they HAD on their board would have taken more of a vested interest in the project. I'm afraid that even if they somehow rise out of the ashes from all this, it won't be in my lifetime.
They may very well find themselves in trouble (at least in the US). It's true that holding a coin is not like holding a stock in that you don't have ownership in the company, you don't get a vote, blah, blah, blah....However, that doesn't mean you can screw people raw and there are no laws to protect people who bought the coin. In my view, we should at least rise up and e-mail the foundation stating our position. If they don't change their position and at least allocate a potion of the additional supply to offset holders losses that will be created by the additional supply, they will find themselves facing lawsuits, which will destroy them. And by "they" I don't just mean the CSC Foundation. I include Caldwell and the others who we're working on their exit while at the same time giving holders false hope. Other coins have found themselves in deep legal shit for a lot less. We as holders may not technically have a say, but if CSC wants community support they need to step up. Let's put the pressure on; we don't have anything more to lose anyway.