A little update to start the month of August, 2015.
I wanted to thank all the current 2bacco coin service providers,
for their ongoing services that you provide for 2bacco coin.
Going over some 2bacco matters below:
Problem: wallet not synching, no confirmations, delayed processing of transactions.
no blocks being found, or no miners mining 2bacco coin.
Either there are no miners, or the miners are not finding blocks,
is the explanation I was given for these issues.
I do not have a fancy mining rig to mine coins with, so unfortunately i am
not of any use, although I was able to mine some 2bacco at first, but as soon
as a mining pool began to mine then I didn't find any 2bacco after that.
My lack of a fancy mining rig is also part of the reason why I needed to
premine 2bacco to have some coins, but also because I am doing smokers advocacy work,
and I also am paying 2bacco bounties for doing some work for 2bacco coin.
Possible Solution: change 2bacco coin wallet to be POW/POS
My proposed solution to these issues, is to hire a developer
who will change the 2bacco wallet from POW to POW/POS hybrid,
and people holding 2bacco coins in the wallet will then be earning
coins/interest for continuing to hold 2bacco coins in the wallet,
but they will need to open their wallet and allow for staking,
and it is the staking that will then be finding the blocks,
and processing confirmations or transactions for 2bacco coin,
and 2bacco coin will not be so reliant on pow miners then.
The developer could also tweak some other minor issues in the 2bacco coin wallet,
such as where it says 'litecoin' it can be changed to read '2bacco coin' instead.
An appdata/Roaming folder can be added.
The newer 2bacco coin pic can be put into the 2bacco coin wallet.
A new background color and font color for the 2bacco coin wallet?
Problem: I do not have enough BTC to pay a developer with bitcoins atm.
Solution 1: I am offering 500k 2bacco coins, but that isn't much in btc atm,
while at the same time it is a large percentage of the total 2bacco coins,
therefore I resist offering to pay any more than that, in fact 500k is more
than I had thought to offer at first.
So far, this 'solution' hasn't gotten any replies from any developers,
I assume it is not enough pay for developers to do the work.
Solution #2: I had intended to approach some people in real life, locally,
to see if they would invest into 2bacco coins, and I have started to do that,
but unfortunately I encountered an initial poor reception for that, and did not get the
hoped for investments into 2bacco coin that I wanted and needed,
this also explains why 2bacco coin price is down low at this time.
I had hoped for an investment of at least 2 btc, and also enough to pay for the developer
to change the 2bacco coin wallet, but I got zero initial investment.
Solution #3: I still have not exhausted all ways of trying to get investments into 2bacco coins,
and at any time, the investments still might come through if they change their mind,
and although I encountered rejection at first, it does seem that the potential investors have
softened somewhat, but we will have to wait and see about that.
There are other investors who have not seen 2bacco coin yet, who might invest, so there is still hope,
and at any time, 2bacco coin might get some investments.
Solution #4: Try to get support from the smokers or crypto community,
such that they pay for some or all of the needed changes to the 2bacco coin wallet.
So we need to come up with enough btc to pay a developer to do the needed work
to change 2bacco coin into a POS/POW coin, and make some other needed changes.
But there are many positives going on:
2bacco coin seems headed towards becoming a POS coin,(not for sure though)
and 2bacco coin should have more transactions than 99% of all the other coins.
This is because smokers will support 2bacco coin and buy their cigarettes with 2bacco coin,
and that is a significant amount of money, and continual transactions.
Once 2bacco coin is more fully enabled with stores accepting 2bacco coins,
so we can buy cigarettes from them, and with more community support,
then 2bacco coin should easily climb into the top 50 of all the crypto coins,
and from there I think 2bacco can climb into the top 5-10 coins,
and might become the #2 coin, second only to bitcoin.
This will happen as more smokers buy their cigarettes with 2bacco coins.
This will require community support to make it happen.