Heya! First post here.
I have read the White Paper, but I am definitely not a tech savvy person.
My background is basically energy and goods wholesales, so my questions might be a little naive, but please bear with me.
I am also no native English speaker, so please pardon my french.
The White Paper does point out some very promising solutions to major issues, especially the minting process does look pretty neat.
But even though it looks like a very economical and reasonable way to create Blocks, how are you planning to expand FOWcoin?
Are you aiming for niche businesses first?
After all, it is no secret that companies that provide adult audience oriented content can be under enormous pressure from payment processing service providers.
Have you already reached out to some SMEs? What is the feedback about the collateral payments?
It seems like an extremely good system for the coin, but might seem off putting for the companies, since it can bind their assets.
I am very interested in obtaining some FOWcoin as a user, but where is the break even point for the actual Minter?
I do know that it depends on how much steam the coin picks up, but some speculation will be appreciated!
Companies in my country are not... very tech savvy.
Most SMEs and even bigger companies mostly use paper. Especially in wholesale and retail.
Have you considered the possibilities of smart contracts for businesses that deal in physical goods yet?
One example would be companies that have consignment stock in their warehouses.
Quick explanation for those who hear this for the first time:
Let's take a wholesaler as an example. Some company which sells literal bricks or something.
The supplier drops a bunch of bricks in the wholesalers yard, because they had some space to spare.
The wholesaler does not own the bricks, but can still sell them. If they sell some bricks from the pile, they are contractually obliged to immediately buy the amount sold from the supplier, after the actual sale happens.
In return for having the stock available all the time, the wholesaler charges no or very low fees for the yard space and warehouse handling, which is at this point basically am external warehouse for the supplier.
Smart contracts could help a lot in these use cases and make life way easier for both parties.
The reduction in administrative hassle for everyone involved could be enormous.
Even more so if we look into future automation.
(Imagine a lorry driver immediately getting sent to the neared supplier, once stock is running low. Maybe even a lorry without a driver if we look far enough into the future.)
tl;dr: How do you plan to get started, and do you think that you can appeal to more traditional businesses?
