PoW-PoS would be great
making the coin faster ... also...
+1
... have some other "crazy" suggestions...
- halving time 1/2 ... who will wait till block 210.000 (3 years from now)
- and totaly coin supply 1/2 ... 21M is just too much...
we need to adjust the coin ...
now why i think we should change those
- halving-time ...
with the 210000 block halving it would take 3 years to halve, in the meanwhile
we have a huge inflation... (pressure on the coin value)
price on exchanges is in BTC/WKC ... BTC will halve 2016 to 12.5 coins/block ...
pressure will only increase ...
BTC WKC (when we halve every 105.000 block)
---------------------------------------------------------------------------------------------------
2014 25 2014 50 (could be 25 (or 2.5 /min, will explain how)
2016 12.5 2016 12.5
2020 6.25 2018 6.25 (lower inflation than BTC)
2024 3.125 2020 3.125
we have now ~3M minded coins to get to block 105.000 (5250000 coins) we would need 1 year...
I would boost the next 1-2 months the coin supply (for miner and POS)
just by changing the coin generation time to 1min or 2 min (x5-x10)... leaving the reward /block at 50 (50%-50% POS-POW)
after block 105k is hit halve the coin and adjust the coin reward to 25 coins/block or 12.5 POW 12.5 POS
(or to be more precise 2.5wkc/block... PoS- 1.25 + PoW 1.25)
105000 x 50(5) = 5250000
105000 x 25(2.5)= 2625000
105000 x 12.5(1.25) = 1312500
105000 x 6.25(0.625) = 656250
105000 x 3.125(0.3125)= 328125
now why ... i think that it would be good to halve ~ December (most people have $) ...
our inflation is now way to high for no good reason...
25 coins (30% yearly inflation)
12.5 (10%)
6.25 (3.5%)
3.125 (1.75%)
why in the world would we wait and pay another 3-7 years for miner? (1 year is huge on the net...not 3 or more)
yes it worked for BTC ... it was the first ... a coin started in 2009 (in the time they didn't have ASIC)...
and here what the trouble is with mining and BTC and why we should move fast to POW-POS...
https://www.youtube.com/watch?v=_-TLA3j-ic4In my eyes it is better to inflate the coin now for 1-2 months (yes it would be a short time pressure on the coin price)
but ... its better than to wait another 3 years ... having on the end the same price (even worse)
All coin holder would have a more valuable coin at the end (21M max... now 10.5M with 50% already minded)...
if you hold now 1% then you would hold 2% ...(your coin number stay the same)...
and for miner .. they are anyway dumping coins (don't give a shit) if they didn't they also gain 2x
for future investors its always better the have your money in a coin that has a lower inflation...
and the coin price would also be more stable (down pressure would be lower) what is important if you wish to
get acceptance (and reputation) on websites from website owners
now we would have few approaches ...
-we can reduce the block time to 1min leaving the block rearward let the miner and holder mine(POS-POW)... the missing 2M coins...
for 1 month or 2 months if you change the block generation time to 2min ... (would mine 5-10x more in the same time)...
- we can say scooby pre-mine the missing 2M coins and give it for sell ... public ... biding
let say 400 packages - 5000 coins ... min price 0.5BTC ...or 0.75BTC (price is now 0.0001 if someone would try to buy 2M coins he would pay 20x more)
and with the money ... back the price on the exchanges (making buy walls) ... would be 100-150BTC
also I would make it this way ... that the bought coins cant be sell for a x time (let say 6 months)...
the buyer could add (park) the coins and get % ... from the POS-system...
also 1 person can buy max 1-2 package ...
...
other suggestion(3) would be to change the coin name...
wank-coin is a name not many are taking seriously ... also you cant use it on mainstream sites ...
why cut possibilities if not needed?
1 example:
https://poloniex.com/ they have voting but dot accept "adult" related coins... and so on...
right now almost everyone knows that the other "adult" coin don't have a chance against wank...
why dont have a "general" coin backed by the adult industry???
1. halving time to 105.000 (if we make the coin faster x10 it would be block 1.050.000)
2. max coin number 10.5 (now 21M)
3. new coin name ... something general
let move things while we can
for the POS system..
make it that holder need to have min 500 1000 5000 coins to be part of the POS...
something like Nubits... (with parking)
here can you see how peercoin DEVs created managed the stocking for Nubits...
they call it Parking (you can call it share-hold-stake)...
http://www.youtube.com/embed/9WJlMsZCXbYit is better because not everyone will keep his wallet online 24/7...
- min. 500 1000 5000(or 10000) coin for parking (POS)
- min. "parking" holding time 1 month
- POS from parking should get 50% (POW-POS 50-50 from all generated coins)
also it would be nice to see how many coins are paid-parked (total number)
and how many coins will you get ... if you park-hold x coins ...
good option would also be to add not only "park" but also that you have to pay a small fee
let say for 1000 coins ... 0.01BTC or 10% (BTC is cheap now) ...
this could be used to back your price ... if you invest in POS parking that you know
you will not lose your cash (value will not drop like crazy)...
after the parking time you will get your BTC back (if the price didnt drop)
whatever we do we should announce it everywhere...
FB tweeter, here (bitcointalk) ... trollbox...
so every ass-hat knows what is happening ...
because some ass-hat will ask ... what is with the pre-mined coins (we already had this crap)...
I'm sure it will not be a big problem to make some giveaways ...
let say for new wallet(online wallet) user ... fiat-exchange user ...
promo on the "adult" sites that already have wkc and on new sites...
or give (exchange) wkc(or new coin name) for tit sex xxx coin ... (they failed badly) ...
let say 1 wkc=4-5 tit... or whatever... (not more than 50 wkc)
it would be good because we need to spreed the coin to as many new user as possible
to gain acceptance
user (surfer) must trust you or they will never use the coin...
not all know what is digital money and how it works...
make some promo action...
-pay for 1 month get 2...
-pay with wkc (or new coin name -gateway) ... save 30%
all changes could be done relatively fast...
adjust the coin numbers+ add POW-POS+faster time... (one wallet update) + new coin name ...
and 2 months is enough time to announce to the world all changes (new name + giveaways.... marketing)
(I assume the fiat exchange will be online in 2 months)