Okay guys I have some good news, and some not so good news to share with you!
The not so good news, I still don't have the legal documentation I need so we can get our processing complete. I've been advised it's in the hands of the Registrar of Companies in the jurisdiction we are in and they are very slow. Hopefully it comes soon.
In the mean time, Scooby has been working on a tool to make processing Wankcoin easier for new merchants. It will be done in the coming weeks, and coupled with the ability to buy Wankcoin easily with fiat, we will have the tools we feel we need in place and can begin approaching more merchants for acceptance.
I also caught a glimpse at the page for buying WKC with fiat, it's a simple one pager that is really easy to use. I like it, and can't wait to see it in action.
The team has met a few times over the last couple weeks discussing the next steps for the coin when the above is completed. We feel a change to the code of the coin is necessary. We are close to having some firm decisions in place.
Before we start to move ahead with them, we feel it necessary to reach out to the community for their input as we feel there are a number of people heavily invested in the coin. We would like to have an open discussion about the potential changes before we move ahead.
There are two things we mainly feel should be accomplished.
1. Making WKC a PoW/PoS hybrid.
2. Changing block times to make confirmations quicker while also changing block rewards to not flood the market with additional supply.
There are obviously a number of things to consider for both of these changes, but we feel both would be good for the future success of the coin. PoS to entice more people to hold their coin and reward the loyal coin holders, quicker confirmations as obviously people buying adult goods/services want quick gratification.
The floor is open guys - ideas, suggestions, concerns. Let's hear what you think, and thanks again for the continued support.
Think that changing the code to PoW/PoW (Proof of wank) lol would be great.
Block time confirmations with lower block rewards also a great idea.
The merchant adoption will be priority as well. Sounds like good news Gregg keep us posted!