Hey bla_bla,
You have made some interesting suggestions here. From a development point of view, the "regulating body" could be done, but it gets complicated from a legal point of view because it may require licensing, or bring us into a regulated area that I don't have too much experience in. It would require legal counsel, and a lot of thought and research before it could be launched. I will put some thought into it as to the basics of how it would work and do some research and see if it is something we can consider after the fiat exchange / online wallet.
Online wallet functionality is going to be separate from the fiat exchange. Basically, you will need to provide an address to send the WKC you buy from the exchange, whether it be to an online or offline wallet, or to the wallet installed on your PC.
The idea of helping to bring the WKC price up to where it should be with a support wall is good, but the problem I see here is that there is always going to be those miners that dump as soon as the price goes up. Say a group of us put together the 30 BTC to do this (~18,000 USD), and we get some miners dump all their WKC and eat up our support wall. What can we do about that? Demand obviously plays a big role here, so to me this seems like an idea that should wait until demand has increased, no?
I talked to Scooby and a basic rich list is almost done, he says it should be ready today or Monday.
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Hey CryptoGreg,
that would be great (please drop few lines when you know more), ...
for the price up-support wall ...
I agree with you that many will drop the coins when they see a better price (0.00045) and on the end
we would be the stupid one for paying...
so we would need to find a solution how to handle this little problem...
right now (longer time actually) the biggest trouble make the miner dropping coin for cheap (demand-supply... and don't giving a f* for the other-community... coin)
that was the reason I suggested to maybe fork and reduce the supply...
we have for sure enough coin to make things work (sell memberships and other)...
and how many possibilities do we have... we can ...
1. fork ... reduce the number of coins (go from 50 down to 25) , no need to wait for block 210.000
2. maybe integrate-include POS ... 50% goes to miner 50% for holder
3. switch from mining POW to POS 100%
I think the second solution would be (right now) the best
having miner and giving holder coins (both would benefit)
if we have now 50 coins to split them into 25 miner 25 holder...
now the question is ... is this possible ...could this be done? (Scooby ...?)
We would have the same number of coin, but with a little change in the
supply-demand numbers...
the Fiat/exchange would drive the demand also a little up ...
(you sell the coins to members for the normal-real price 0.00045 but buy @ alt-exchanges till you don't have a normal price again)
but we would need to coordinate all ...
thats the reason I came up with this ... foundation-investor bank ... or whatever we will call it
if investor-supporter-community (people interested to,... make a buck in long term , make it to a successful story) would have a place they can
store coins and get % in new coins (POS) ...
we would have a totally other situation...
100 people giving 1 BTC and x WKC ... would be a good base
because it would be like a POS pool (maybe we could give 1% for the costs) ...
miner can still mine ... but will get only 25 coins (50%) so not many can be dropped ...
it would be easier to bring the price at normal level ...
fiat/exchange helps also...
foundation ... same
right now we have many parts (death parts), but we need them all together to build a
working system... (living organism) they need to be all
connected ...
of course we need rules (laws) ...
"You shall not eat of the fruit of the tree that is in the midst of the garden, neither shall you touch it, ..."
that is your part ... (my part is to drop few ideas)
when people know the rules and how the system works
the price will go up by itself...
let say to be part of the founder-foundation you need to
give 1 BTC and min. 10.000 WKC (hold by the foundation , would be payed after min. 1 month with x% interest if wished- basically no lost for investors)
so new investor have to buy coins (at alt exchanges or our fiat/exchange) ...
miner can drop coins but will not kill the price ...
if miner start to hold-collect the coins ... it doesn't matter because
the foundation has enough to handle all buy-sell (membership and other)...
we would probably make even few $ more , just by selling and buying coins over the foundation ...not alt-exchange
so we could easy even pay some kind dividend...
best... companies using the coin would not have any issues with the up-downs (price would be stable)
they would make $, probably more if the cost are lower with WKC (with a easy to integrate pay gateway)
can concentrate in what they do best ... sell membership and make $
s....
... why do I always need to write a book...
I'm gone now...
and where are all gone , let us hear something ...
write down your thoughts, what do you think
good-bad or...