Topic: [ANN][WKC] WANKCOIN - Shop Anonymously, Accepted at over 100+ HD sites! - page 23. (Read 175332 times)

Oh I forgot to mention,

Got an email from Kingcoiny the other day. They are closing down. If anyone has any coins in there make sure to withdraw them soon. I believe you can withdraw until the 17th of October.

www.kingcoiny.com

I really enjoy creating GIFS for wankcoin:

So please donate: 184ACvxFodZatrAvQFJHyUpGFZAg5MGviH

Thanks in advance.

Also: I created a slightly updated version of the GIF, where you see the wankcoin logo travel further into space once it has destroyed the moon:



Because in the previous GIF it looks like the fist destroys the moon but disappears in the explosion...  

Great news guys! The documents we have been waiting for finally arrived today! I'm going to prepare them and get them sent to our processor, we are getting close!

As for crunching some numbers for the code change, I apologize but haven't had a chance to get to deep into that yet. The first two weeks of the month are always busy for me as this is the time period I do all of my reporting. I'll do my best to have something before the Thanksgiving weekend coming up.

Being as wkc/fiat will be here soon, Georgem made us a new gif and I thought it would be fitting to share!




If you are feeling generous, please send him some WKC donations for his hard work.

More soon.

I seen, but only for usa... I have think that if wank /$ or Wank/€ or other, we can propose also at sexyshop online in europe and usa, cam girl in many state, not only porn.com sites

You can buy Herbal Viagra here at my store with WKC : www.zeagratablets.com

Herbal Cialis is on the way.

yes , ...
 

think that most know how much the fiat-exchange is important ...
the team set it on 1st place ... for a good reason ...
(it took now some time longer then planed-expected) ...

what some forget or don't think about is
not only that you can increase the demand ... (it becomes easier for surfer-new user to get coins for FIAT) ...

a very important aspect is you have a direct WKC/$ and WKC/€ ... we would not more depend only on BTC
(like now most alt-coins depend) you can see it now ...
what happens when BTC goes down .... all alt-coins go down...
what would happen when BTC does really badly down ... good bye ... 99% alt-coins
with a WKC-FIAT you can hedge ...
a thing other alt-coins can only dream about ...
backed by a ... crisis resistant industry ...
 

Yes i know! To you like my ideas?

...took time to give you a nice answer ... let see...
the problem we have is with the supply- inflation and the time ...

we could leave all like it is now as you suggested ... if we could increase demand for the 7200 coin/day miner are mining
waiting 3 years ... price would then stay the same ... (it is now already very low) ... till we halve
add merged mining with BTC (would not give much, if it would be so easy every new coin would add merged mining and go to the moon-this is not the case)
10 min was and still is good for BTC ... in real world you need a faster coin... that's a fact
then we would have 3 years time to get more user (coin holder) and prey that they use the coin
and hold it for that time till we halve, if the demand stays the same so the coin-price could go up (a very risky task)

to have the demand for 7200 coin/day price would-has to go down ...
this would  make the mining even less profitable
holder-buyer would take a lost and would probably stop with buying (like I stopped and many other)
trader on exchanges would stop buying ... (they know it will go down-only down) and they don't have hedging for wkc (cant make bets the price will go down) ...
bring us to low volume on exchanges and possible kick...
now in combination with the time (3 years to cut the supply-halve)  that would be a disastrous
also don't forget that porn.com (and the other sites accepting wkc) cant offer
1 monthly memberships for 59 wkc (now 1.50$) ... so they would adjust the price to 600 wkc (now)
in 3 years it would be even more (coin would be less worth)

the problem we have now (coin supply -and demand that we don't have)...
1st year ...  infinity
2nd year ... 100%
3rd year ... 50%
4th year ... 33%
its a huge pressure ... and we could take that pressure away (with 1 update and few changes) ...
because we have a 100% BTC clone you can see the number here https://bitcointalksearch.org/topic/m.9107161
or take a look here ... https://en.bitcoin.it/wiki/Controlled_supply
numbers don't lie

I would add the name wankcoin with the fact that you have a 100% BTC clone doesn't bring huge confidence
to new miner-holder-buyer (most are thinking it is a joke)...
don't take me into account (I'm pretty confident with the name-would not buy otherwise)... its a different story when I ask why
dont we change the name, when we can... (it has more to do with chances or like Greg said " making the name mainstream can open more doors") ...

all that is the reason new coin have other adjustments - ways to handle this problem
some pre-mine a huge % ... then try to find user-holder ... make giveaways ...
in the hope that they will find a real world use in the future...
or some give PoW for a time x (1-3 months max)... and switch to PoS ...
3rd picture ... https://bitcointalksearch.org/topic/m.9107161

WKC already has a real world use ... on over 200+ sites (with a huge market)
the mistake the DEVs made is that they just make a copy of btc without any coin adjustments
forgetting the inflation ... (or I would say they didn't think that it would be such a problem-difficult task to get many user-push the demand)
or to be more clear ... they didn't know that the most people that are in digital currency are here to make quick money (gambler)...
the fiat-exchange online wallet will make it better...

you are right when you say the numbers don't matter (20M , 10M, 200M)...
what matter is the supply and demand ...
coin generation is huge in the first 4 years ...
it worked for BTC (2009) ... organic growth cpu, gpu, asic ...
now we are 2014 ... some smart people find a better way ... (like PoS)

most new coins have PoW for a certain time and switch after that to PoS ... (no wonder it is more cost effective)
now to kick the miner that contributed to wkc would not be fair ... so a PoW-PoS hybrid would be the best solution

and to be honest ...
if a miner mined 1 year and don't have any coins , because he only sold-dropped to the exchanges ... we don't need him
he was living from the buyer taking every day ~ 10-20% ... (not small)
he could mine pay all cost he had (electricity and other) and leave for himself the 10-20% coins...
some did other not...

with the PoW-PoS hybrid ... they can mine and drop-sell ...
do whatever they wish ... the PoS can handle the network without the miner ...

to come back to the numbers...
let say we reduce the coins to  10.500.000 (but leave the already 5.250.000 mined coins)
halving time 1/2
what would we do... we would cut the supply /the inflation ...
very fast ... no need to wait x years ...
this would mean that we would create 25 coins/10min ... 50% would go to the miner(PoW) other 50% to the holder (PoS)
we would be over night at 12.5% or even lover cant say how many will use (PoS)...

having then let say 12.50 coins/10min miner can drop (then they can sell as much they wish-all mined coins)...
that is ~ 4x cut in the supply if the demand stay the same price will go up min. 4x ...what is more realistic ...

now let see what would we have ...
sites accepting the coin (200+ sites)
people who will park-hold the coin (like me)
miner ... if price goes up 4x and you get 4x less coins its the same ... no change (only difference ...you will not harm the coin-price, we can grow)... if the price goes up more bigger earnings
trader ... would come back ... they know price will move up-down
higher volume on the exchanges

and what we would need ... missing the whole time .... new user ...
the DEVs can then concentrate to make more tools more giveaways ... that will attract more user ... new sites ...
this is the only question ...
how to get many new user ...

we will have the fiat-exchange with online wallet +1
I suggested that the DEVs pre-mine the other 1.75M coins (we would save 1 year)... and use it for more giveaways ... (not to create a price pressure on the exchanges) ...
only porn.com has enough surfer ... you must introduce to the mass the digital currencies
that alone would catapult the coin ...
and the PoS ... could be huge ... Bank while you wank ... then has a meaning ...

in the same time people that collected mass coins (or a good %) would start to sell ...(taking profit)
some other will be smart and leave the coins ...(it is no-brainer that the price will move more up when you know halving is every 2 years)
you can see this every day with BTC (old holder are selling , mass is buying in a 3-4 year interval)...

also very important ...
we would have a low inflation ... (very fast 2016-2018) it will be better to hold WKC than... other coins-money

and not to forget ... market cap ... http://www.cryptocoinrank.com/
10M coins only at 1$ ... is 10M$ ... that would bring us on 5-6 place ...
with 5M mined ...at 1$ is 5M$ ... that would bring us on 7th place ... only real "adult" coin (with a huge user base) in top 10 is something a investor cant ignore ...
BTC 13M mined coins at 320$(now) ... and we all know that the world has more "wanker" than digital money enthusiast ...
I feel sorry for all people that sold the coin so cheap... or still are selling ...
to spend (invest) some money that will give you back in few years 100-1000x or more ...
is a once in a lifetime opportunity ...
 

we will see what the team will decide ...
leave like it is now ... cant work ...
adding only merged mining ... will change nothing (not much)
 

we will have fiat-exchange ... in the next updates ...
 

Hi guys, for me wank coin, must go on a big exchange fiat!
Wankcoin no longer pass bitcoin, but be a real money for adult!
Wankcoin must be affordable with credit card!
When Wankcoin will as buy a normal service online, we will be able to sell wankcoin to sexyshop online, cam girl, viagra-cicalis service... ecc ecc..

What do you think?

21M or any coin number isn't the problem  ...
50 coins/block the next 3 years are... inflation is huge... and time is a problem (I think the coin will not survive 3-7 years)

first 4 years inflation was huge also for BTC ...
they had time to grow organically ... mine with cpu, gpu ... Asic (now)

wkc cant tell porn.com surfer hey mine coins... with your laptop-computer...
when you have ASIC miner ...
the reason we have so many script coins...

that's 7200 coins/day ...
if coin=1$ (now it is 2.8c) it would mean someone must add 7200$/day to keep the price
we cant hold the price with 3c ...~ 215$/day ...
it is just not realistic ...

lol at your first pic... its cex.io ... they will never add wankcoin
with or without merged mining BTC ... (from merged mining only BTC would profit)

when you go to pool.wankcoin.com
you will always see 60-95 miner (small miner) with 30-40TH...! not 500-1000 or more ...
and it's no wonder ... the coin isn't profitable ...
it can't be profitable when you create 7200 coins/day and have a demand for ~1000-2000-3000 max
miner ... mine and drop coins ... taking cash right away ... making few % profit (now)
they payed for the miner long time ago (cant compete with the bigger miner) so they are mining now wank...
till the coin is death and then move to another coin...

then go to http://explorer.wankcoin.com/rich
you will see 40300 (All) that aren't user(only used addresses)  ...

we need a smaller inflation
more user (will come with the fiat-exchange online wallet)
we need more giveaways ...
increase the demand ... so the price can go up
when the price goes up... mining will be more profitable (and we will see more miner)
also when the price goes up (explodes) we will gain media attention ...

you just cant copy BTC and think it will work...
it will not ...

and when someone says take a look how did BTC perform in the same time... please
if we would do it that way ... we would not have now 30TH/s...
maybe few MH/s  ... max

we need to find a solution so that everyone is happy with it...
on the other side you cant allow yourself to kill the coin for few people ...
who will go away ... anyway...
that's the reason I suggested a PoW-PoS hybrid (and not 100% PoS, why not leave the miner)...

for the user ... let say we made some giveaways...
and have now 15000 new online wallets...
lets say... 7200 buy only 1 coin/day... our price would be stable...
now it isn't...
let say the price would go up...
I'm sure ... 10.000 would buy more , maybe 100-200 each... (that's the way people react-work)
BTC skyrocket ... the same way... (like everything else)
----------------------
and for the smart ones...
bought plenty coins because I believe this is good for the adult industry
it has huge potential and is a good investment ... (done right)...
and to clear it once for all time...
to all screamers...
"sell, sell, SELL if you don't like it" ...
"you sound like pump-dump"...
"we want PoW" ... and other selfish crap...

if someone buys a bigger amount of coins (not 0.1-1btc)
1. he can`t sell ... only if he takes a huge lost (its more a lost chance)
2. will not sell (the reason he bought d coins) ...
3. has interest that all parties involved are happy (includes miner, holder, trader... its the only way this can work)...
4. for pump-dump I have 2 many coins... (would only harm the coin-myself-my investment)...
5. ...

if you are a miner or want to buy cheap coins (love inflation-cheap coins)
that is fine with me...
till it gets dangerous for the coin...
and the whole project...
 

I disagree.
Simply reducing coins doesn't create value. Plain scarcity doesn't create value.
If I go to my workshop and create a crazy looking piece of art out of wood and steel, it will totally unique among the whole planet, but NOBODY would want to buy it.
So scarcity doesn't mean value per se.

My personal opinion is to refrain from changing the coin at all. Keep it as close to bitcoin as possible, and strive to make it merge minable.

I visit so many mining pools where you mine bitcoin and mergemine namecoin, devoin and ixcoin at the same time. Why not add wankcoin to that list?





If wankcoin is here to stay then make it stand shoulder-to-shoulder with bitcoin, forever. Merge-Mining attaches a coin to bitcoin forever.

Mondays are my catch-up days and I see a few different ideas posted over the weekend and today!

I do agree this needs to be well thought out and executed. These are some major changes we are talking about, done properly and we are gone to the moon, done poorly, and well....

I'm going to go back and re-read everything, digest, and give you a few more of my thoughts in more detail, likely tomorrow.

Unofficially, I like the idea of lowering the maximum amount of coins. There is more value in scarcity. However, I'm not sure if cutting it in half is the correct way to go, especially if we want a decent amount of coins mine-able still and a good staking period. I also like the idea of cutting the halving time, but I'm not so sure about having a period of time where there is a large amount of mine-able coins.

I really like the  Nubits parking idea, it's a good solution to those would want to stake their coins but don't always keep their wallets online, and it guarantees coins won't be dumped.

Online wallet is coming with the ability to buy WKC with fiat.

The name change thing, personally I'm on the fence. I love the name Wankcoin and it's an adult related coin so I think it's okay. On the flip side, I see how making the name mainstream can open more doors. Having said that, I think the majority of merchants who are going to accept crypto currencies will use something like GoCoin or Coin Payments to process their coins, in which case Wankcoin will just be one of the many accepted, so I'm not really sure how much a name change will do for the coin.

Thanks for the continued feedback. I'll be crunching some numbers and share with you what I think could work and open it up for more discussion.

... study pic2 ...
https://bitcointalksearch.org/topic/m.9107161
 

I'm gone...
we will see what the dev team has to say ...

lol don't wink at me while you talk about my shits

"Ever try forcing a huge shit? it hurts man... lol" ...

yeah... but... the job must be done...
don`t try to hold ... it can go wrong...
 

Though we sit on the same side of the fence, we have to attempt to be a little more objective in our approach. IMO more user ship and general acceptance of the coin will blast it to outer space.

The SHA256 community will mine the SHIT out of this coin when it flies to the moon and we will ride the pumps and the dumps all the way to 1$ - 100$ / If they decide to alter the code of the coin to reflect a PoS/PoW hybrid or preferably PoW/PoW  (Proof of wank, lol)

We just have to make sure it is done perfectly as to not upset the apple cart, nothing is ready before its time bla_bla - you cant force it. Ever try forcing a huge shit? it hurts man... lol

... what community ? ... go to rich list take a good look...

POS can be "scam" ... for new coins ...
you know POS 100% with xx% pre-mined or...
3 days POW ... switch to POS ... and dump

we are talking POW-POS hybrid
and people had time to mine 1 year ...

market cap,... yes it is maybe 85-100k you are talking in billions ...
yes btc went down alt coins with it...
now calculate how much wkc went down ...

I bought at 0.0003.. (btc was ~600$) ...
and stoped with buying ... (and now it is cheap)... for a good reason ...

1st I have enough ...
2nd if this stays as it is now... coins can become only cheaper or worse be worthless
(I send pic 2 for a good reason)

*big number of miner will never come if the price is low ... not profitable
*new buyer will not come if they know price will fall in the future (for the next 3-7 years) they will come later if you survive
 

I'm familiar with the WKC order books - growth in user ship and people actually using the coin will impact the coins price dramatically. A change to POS may look like a pump & dump to the community or just people trying to grease their own pockets.

Again, name one successful PoS coin with any decent market cap.

Don't get me wrong blabla, I was one that was originally for a PoS/PoW hybrid as well, but it would have to be very well thought out and executed - with the community first

Also the market cap is 100k and it's a bad time for crypto market cap period. All crypto is purchased through BTC which is at an all time low for the year, not a valid reason.

yes and we have a market cap ~ 70000$ ...
 

well... many know that this will go to the moon..
and if you don't have the cash... it is good for you
to have a high supply ... (you can buy cheap)...
and that is fine ,...
but 3-7 years ... who will buy hold the price for that time ?...

in that time you can go down... (disappear-kill the coin)
21M coins are 2 much...
inflation- coin supply will kill us...
just take a look at the pic1...

"This is not something we can flippantly change for personal gain, coin first, community second imo"

has nothing to do with "personal gain" ...
10000000 coin worth zero is zero...

take a good look at pic2 ...
without a higher price ... you can't move
 

https://bittrex.com/Market/Index?MarketName=BTC-WKC  
take a look @ order book...
and you want to tell me this will work for the next 3-7 years... (never)
------------
the "name" is a other story ... (if changed or not doesnt matter here)
now Im talking only about the "coin" supply and inflation...