In my opinion there are a 2 main reasons why there is a lack of interest:
- there seems to be nobody working on this coin to improve it. I mean, we dont see any daily, weekly or even monthly updates. There is no roadmap, no goal. I dont mean this in a bad way, but even the owners dont show much interest, why would anyone else show interest?
- the big porn network that supposed to accept wankcoin uses it only as "one of the alternative coins" on his payment pages together with litecoin, dogecoin, btc. As most users dont even know/trust btc why they would use wankcoin? Secondly to buy wankcoin you need btc first so customers are better of spending btc directly.
- the orderbooks are empty, we as investors can hardly buy or sell coins without changing the price with 500%...so customers have the same problem right?
Basically there currently is no reason why anyone would buy wankcoin and spend it on porn..
Maybe im wrong about this, but this is my view on it
- there seems to be nobody working on this coin to improve it. I mean, we dont see any daily, weekly or even monthly updates. There is no roadmap, no goal. I dont mean this in a bad way, but even the owners dont show much interest, why would anyone else show interest?
- the big porn network that supposed to accept wankcoin uses it only as "one of the alternative coins" on his payment pages together with litecoin, dogecoin, btc. As most users dont even know/trust btc why they would use wankcoin? Secondly to buy wankcoin you need btc first so customers are better of spending btc directly.
- the orderbooks are empty, we as investors can hardly buy or sell coins without changing the price with 500%...so customers have the same problem right?
Basically there currently is no reason why anyone would buy wankcoin and spend it on porn..
Maybe im wrong about this, but this is my view on it
I feel your pain, but at the same time, I have a different viewpoint.
First off, I manage the company that employs the WKC Dev team, so I am not just guessing, but at the same time, I must admit that I myself probably know less about cryptos than you do, or than many of the people on here do. That's not a reflection of our talent, our team is very well versed in this area, I myself however am not.
We do have specific goals with the coin, but I don't think right now is the most opportune time to launch or roll out many of them. The crypto market, I believe is on it's way to being quite a bit more stable than it has been over the last year. I think what we have seen with a lot of coins, including BTC, is a natural market correction, not a temporary drop. The nature of a market like BTC, (or any crypto) is that competition will continue to enter until such point as profitability has reached a minimum allowable or acceptable rate. It's like an auction, we will all keep bidding on something until it's price has reached the minimum amount below retail that we are willing to pay. The value of BTC was simply not sustainable at the levels it was at before, people were making too much money from mining, the only ways available to correct that were to increase the network hash rate by 200 fold all at once (which would be pretty tough), decrease the block reward to 1 BTC (which the code doesn't allow for), or devalue the coin until there is just an "acceptable" level of profit for those mining efficiently. We've got that now, those with efficient miners can make a profit, reinvest that profit into more efficient machines and make more profit. Those without the advantage of having the best equipment have a harder time breaking even, that is the nature of how this type of market works, a system isn't efficient until those with the means and purchasing power to take advantage of the newest technology squeeze out all the small fries. It's sad news, but it's life.
So, that's great, BTC's value is now attached to something tangible, the cost of creating the coins, so why wouldn't now be the time to strike? The entire community that supports crypto has just gone through a very bumpy roller coaster ride. It needs time to come to terms with the reality that is the crypto market and the reality that making a profit here should be hard work just like everywhere else. The wounds dealt to those who supported and invested in BTC have to heal before we can hope to win them over let alone a whole bunch of people who didn't loose anything on BTC, but know of people who did. People who are just learning about BTC are less inclined to invest because you don't invest on a downturn, you invest on the upswing. Just like you don't bet on a loosing horse, you don't let it ride on a loosing streak, and when you go broke at the casino, you don't go to the bank machine and withdraw more money.
Over the next few months you will see the price of high volume cryptos stabilize even more, fluctuations in price will look more like regular fluctuations that you would see in a stock price or in a fiat currency. Massive sell offs will continue to wreak havoc on the price but it will bounce back quickly (and realistically, the exact same thing happens with stocks and fiat currencies, there just aren't many people who own enough of 1 currency to sell it off and tank the value. As an example, Berkshire Hathaway (Warren Buffets investment company) just sold off it's stake in Exxon Mobil, their stake was about 1%, or just under $4 Billion. That massive sell off, even if executed over time, has a real effect on the stock price. Consequently, the news of the sell off also has an effect on the stock price, just like the news of some investor liquidating $50 M in BTC has an effect on the price, even if the report is false. Anyways, I am rambling, the market will stabilize, many of the rip off coins will be weeded out and it will be time for those who are left to make their push, and we will be ready.
I think you guys have been made aware of what we do have in the pipe a few times already, but I will mention a few here.
When it is time, we have a safe and secure way for people to buy WKC with cash.
When it is time, we have a way to guarantee merchants liquidity for the coins they accept at a fair price that will not cause them to loose money.
When it is time and with the knowledge that we can guarantee liquidity, I have a large list of merchants ready and waiting to add WKC to their offerings.
Until it is time, I will not advise them to do so.
I won't comment on possible changes to the code itself, although we have plans, like I mentioned at the start of the post, that just isn't my area.
P.S. If anyone is interested, I only charge 50 WKC to write your name on my titties!
Wallet addy:
1CTXXKjQLkEdVnKfz5SpdWrD7HAQk7NcLS
