Topic: [ANN][WKC] WANKCOIN - Shop Anonymously, Accepted at over 100+ HD sites! - page 25. (Read 175377 times)

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-ic4

In 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/9WJlMsZCXbY

it 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)

Also with proof of wank make the mine able cap around 5-7M and the POS aspect around 5-10M bringing the total to 17-20M total coin.
Still keeping it valuable while retaining some POS for the people who stake to add value.

Create an anonymous feature which gives it some more teeth like BTCD or DRK - this is the porn industry after all so make it a little more anonymous for the perverts who want to hide in the shadows lol.

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!

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.

I've got a couple little guys I bought from Butterfly Labs ages ago. lol

I'm running some Antminer S3's and have an S4 on the way. Once I've got the S4 up and running I'll probably move an S3 or 2 over to your pool.

It's not about the size of the gigahash... it's about the price per MH bruh..  lol

Nice : and it just goes to show that by throwing a small amount of GH/s at a pool it can pay a little, by the way what the hell are you using ? usb erupters ?

And thanks for using us

Excellent!

Got my first payout from the new pool! 

Ahahaahhaha he is drained 

I may buy some Wankcoins! Looks Good!

Like the promotion, will donate weekly.

Ive just hit a block ending in zero 

However I shant be sending myself 75 WKC and by the same token I wont be entering my own name into the raffle

Lovely/

sent...
 

Sent

That's very kind of you both

15fiusVMPkBytU27XzptJAR1kBCY9qvGRi

I shall add what ever is sent to the bonus

Thanks, and if you have access to miners don't be shy

I would happily donate 3.123 WKC...  sorry... I'm a mega bull >_<

now its working
+1 ...

send me your wkc address
I would like to donate few wkc for your Bonus thing...