When you say generate interest you are referring to some kind of proof of stake concept I assume (Or proof of strength)
Lets not forget they are giving away 1.6Jigfaps (lol) - as they put it... you can 'mine' Wank by choking the one eyed snake... (or ladies can be DJs lol) so they have to balance that idea - adding Proof of stake while giving it away for wanking could be a little too much load depending on the influx of users.
You have some pretty interesting ideas and I understand they are borne from a fear of miners dumping - one of the real issues you raised is a possible 51% - but counter measures can be taken to assist in this process as well. (This is something I already thought of and raised to them as we were 95% of the pool when we stepped in) Ultimately it can me remedied though.
Right now they are very engaged in speaking with the community on where their focus needs to be and that is a LOT more than I can say for other devs! just keep the good ideas rolling.
yes POS (stake) ...
just a simple mix 50-50 ... POW (work) & POS ...
Bank while you wank ... is a little misleading ... POS would fit better than POW (average Joe will not mine)
also could the fiat exchange and online wallet site take the interest as payment ... when we would have a POW-POS system
POW or POS is almost the same...
if you take a look at the network .. both will secure it ... will do the job (POS is maybe a little better than POW)
but to kick the miner would maybe not be fair ... so we have a mix as best solution
and you can always stay (promote your coin) on sites like coinwarz ... if you leave POW
if you are able to make your coin more profitable than BTC ... rank high ... even better
videos are funny ... not really sure if real investors-deep pockets will jump in (you know .. they have only sex when they make kids... or so?)
the name (WANKcoin) can be a good decision ... or a disaster ..
we will see ...
wrote some time ago... you can always change the name (coin name)
but it would be a very bad idea to name the fiat exchange Wank-Bank...
I would show ads ... with the bank name for surfer-consumer ... promote the new pay gateway (save x % with bank_name)
and here the coin ... miner and digimons (crypto-alt coin people) dont give a s****
for the name if the coin will bring some profit ...
you know ... buying "anonymous" porn on the one side ...
and on the other to have in your bookmark or phone Wank-Bank... is maybe not so good
& fear ... has nothing to do with it...
its more about a fair flexible system for all involved ... (leaving holes to exploit honest people... in any way is something I can't stand)
it doesn't mean that this will happen on purpose (we have luck to have a really good team, real professionals) but
people make mistakes ... and many eyes see more
(miner f*** all other involved , its a weak point so we have to fix it)
who is smarter a man or a man and a donkey? I would say the man & donkey...
I will be the donkey if it will contribute for a good thing
worst case for me ... disappointment
Santa... disappointed me once and it was awful
and POS (interest) ...
when you know how many coins are minded you can
easy calculate how much interest will someone gain if he holds 10.000 coins (or whatever number)
if all minded coins together have a interest of 25 coin/10min... or 12.5/10min... (after fork)
let say you have 10.000 coins and daily a interest (0.5 coins /10min) 72 coins/day...
and the coins go up to 50c ... its 35$/day for only holding coins (acting more like shares/safe dividend)
(wrote somewhere already... how to handle supply demand .. buying selling and other)
a good way to get investors ...
all involved would profit-benefit (DEVs, fiat exchange, program-site owner, miner, coin holder-investors)... early adopters more ...
this is what I mean when I say a fair flexible system
Bank while you wank ...
