Question: what about a plan to use empty blocks to increase the amount of data through the decentralized network up to 1000 bytes like in the case of NXT?
Reduction to 1-2 minutes per block with a increase of the number of confirmations at the same time, increase of the possible amount of data, even a partial (o total) rebranding/relaunch (see what is happening with fair-coin: they changed from FAC to FAIR and will have a relaunch within days)
I think a coin should not aim to have just one nice feature, but, as far as possible, all the ones users are asking for. We can build them inside the blockchain or on top of it. The important thing: the user must feel comfortable and secure in using the coin.
For reversible transactions, we should build a service on top of it. There is counterparty, now even Dogeparty. How could we call it? RevParty? Where a Reversible tx is possible.
Or Rev-iX, maybe.
Reducing the block time isn't a bad idea, but we should be careful not to do it too soon. Otherwise, the block chain is going to balloon in size for no good reason. It can always be changed later. Since we have low transaction volume at this time I don't think it's a big rush.
Having said that, here is a suggestion for when we do change the block times. Changing from 10 minute to 2.5 minute blocks, AND increasing the number of blocks to fully confirm means we don't sacrifice any security, but still increase our transaction volume ceiling.
6 blocks @ 10 minutes each = 60 minutes to fully confirm
24 blocks @ 2.5 minutes each = 60 minutes to fully confirm