Will I be able to keep my HoneyPennies in my HoneyPot?

Sorry, had to get that out of the way. Seriously though why HoneyPennies? It's just awkward is all.

Also.. why are you asking for arbitrary taxes? 10% to yourselves is a bit much . . but that's not my main issue because you said it was changeable and can be turned off.

My main focus is the % you've set aside for CryptoNote. Have you contacted them about that? Do they want a royalty fee? I don't see you've posted on their forum, so I'm just wondering if you're in contact with them at all.

Another concern here is that you will be seemingly making significant changes to the source. Have you passed any of the proposed changes through them? It's stated very clearly on their forum that they're both looking for and willing to help new implementations of CN. It would be weird to offer them royalties for something they don't agree with.

Wouldn't reducing the scratchpad and required iterations open this hash wide for easy GPU and ASIC mining? That seems counter-intuitive to what CN wants from what I was reading. I'm a little unclear of how you plan on implementing the hash apart from the short description here, so I'm at a large disadvantage.