Bitcoin Forum

₩orldo is not just another XXXCoin clone, it is the currency that we're building for the whole world to use, quickly and everyday. We're starting the revolution that Bitcoin only hinted at.

If you were waiting for something to shake up cryptocurrency and challenge bitcoin, you won't have to wait much longer.

A different philosophy and, *gasp*, new ideas

₩orldo are not mined from the depths of code by greedy miners, but tilled and shared freely. ₩orldo farmers are more like the Hobbits to the greedy Dwarvish bitcoin miners :)

CPU farmed and low energy
₩orldo are open, democratic and free, so we don't believe the supply should be controlled by mining farms in China or rich nerds in San Francisco. Each ₩orldo can only be generated by a humble CPU. Each open source client will be authenticated and only one instance can run on each PC/phone. We will also have measures against heavy uses of VPS and botnets, so everyone benefits but the greedy. Hashing functions will be varied and randomised to avoid use of unfair, and wasteful, FPGA and ASIC miners.

The computing power being directed at mining most cryptocoins is completely disproportionate to the power required. So instead of running your computer as fast and as hot as it can go all the time, ₩orldo are produced by measuring how much you could do, and using that a guide. Thus you can actually use your computer for something fun, like gaming, before handing off your farming for the night to a Raspberry Pi, all while earning the same amount of ₩orldo and paying a fraction of your energy bill.

Since the clients prove their initial speed and then all agree to work at a fraction of that the reward remains the same proportion across all clients. If a client decides to consistently break this rule and over farm, the network can impose a penalty when the rogue client tries to spend his coins. Also since we can measure the speed of the fastest CPUs the network can impose hard 'speed limits' so there is no advantage to developing dedicated hardware.

₩orldo will always only be farmable with CPU cycles. We cannot stop developers from coding and using GPU/FPGA/ASIC mining solutions, but as soon as we find out we will adjust the code to block them. CPU only.

Potential of Work is a great solution to high energy bills and since ₩orldo consumes so few resources you will be able to mine other CPU coins if you wish as well as other scrypt coins.

Protection from Botnets
Sadly it's all too easy for unscrupulous individuals to amass cryptocurrency with little effort and no expense, so we're working on ideas to keep these people from exploiting  ₩orldo. Our idea is to require all clients to install a USB flash drive onto the farming computer since most infected computers are quite low specification. This is then filled with a unique database generated by the users computer and linked to the users wallet. When the client finds a block it will only be rewarded if it can quickly reply to many random queries from the rest of the network. The client quickly retrieves these from the drive and passes them to the network to be checked. If the client is too slow the block reward is lost since it failed to prove it has the database prepared  and will lack the time to generate the responses in time.

http://www.worldo.org/botnet.pdf (http://www.worldo.org/botnet.pdf) v0.6 of our anti-botnet white paper, comments welcome.

This adds a small additional cost to users but means honest users are not disadvantaged by thousands of slower zombie clients.

Clients that actually do something useful!
We  believe that farming ₩orldo should be a useful activity, not just a energy sink,  so we intend to split coin mining time with a fork of the http://boinc.berkeley.edu/ (http://boinc.berkeley.edu/)BOINC client, an open source project that runs distributed projects like SETI@home. All ₩orldo users can spend some time curing diseases, studying global warming or discovering pulsars even without realising it. This will not affect how much you can farm since everyone is doing it! We will also be pursuing distributed projects that would be willing to pay for computer time, 100% of this money would go to out farmers.

Tiny Transaction Fees
Bitcoin transaction fee's are a problem since they are fixed no matter how much the currency increases in value. ₩orldo transaction fee's are a tiny %, only 0.0001%, just 10c to Send $1,000. Large transactions get confirmed quicker and you can always pay a little more to increase your speed. Everyone wins.

Focus on mobile
The future of computing is already in our hands but while most of the world don't even have a bank account even the poorest person has access to a phone. Many places already use cell phone credit as currency, but this just makes the telecom companies richer. When anyone can buy goods from a local market anywhere in the world with just a phone, we're all better off. This is our ultimate goal.

Democratic
Since it is impossible to predict future economic situations each client will start with a set of  locked controls. However if 50% of all users decide to open these options each person will be able to specify certain parameters which will then be averaged and adopted across the network. This keeps our currency in the hands of we users rather than the banks and governments of the world.

₩orldo Foundation believes an open internet is a fundamental human right and supports the EFFs fight to keep it that way.

Tiny Prefarm and Crowdfunding to get us moving
₩orldo will be released with a very small prefarm and all information will be given with the general release.
We intend to farm 0.4% for anyone who wants some, for free.

Sign up on our website at http://www.worldo.org and you will receive a equal share.
Ask an intelligent question on this thread and we'll give you another share.
Week 1 sign ups (https://drive.google.com/file/d/0B5bNtdWF5riNQnZEX21FOWQzTWRIS3I2SWltblNTOHhrSE1z/edit?usp=sharing)
Week 2 (https://drive.google.com/file/d/0B5bNtdWF5riNdUtfVmlnVkxtRVV2V05CN0Jsd3BHdUdsZHlV/edit?usp=sharing)
Please send a PM with your email if you would like this pdf direct from Google, we want to be open about how many signups will share the 0.4%.

Plus another 1% will be prefarmed to promote our pre-launch funding campaign. Every dollar buys an equal share of this 1% and you will also be able to use the currency first. All money will be spent on development  and be as transparent and open as the prefarm info. This gives the currency instant value and will speed up our development. 0.4% will be split between anyone who donates other cryptocoins.

0.2% will be reserved for bounties and other work before release. Any left over will go into a free faucet.
We hate spam and promise to email you only three times before destroying the mailing list forever. Sign up scripts will be detected!

If you like the idea, and want to help create something new, just one dollar tells us a lot. And, yes the developers will appear in the crowdfunding video! :p

Easy & smart client with secure wallet recovery
We plan that the software will be preconfigured so even your grandma can getting it going in only a few clicks. We want everyone to join in the fun. Wallets can be encrypted and distributed in fragments between friends, so if you have a problem your wallet is secure once you retrieve the majority of these wallet parts plus you do not have to trust others with protecting the whole wallet.

Since we're dealing in real money here we'll also have video tutorials on how to create a secure but memorable encryption password that you will never forget, along with some reminders tricks to keep it in your memory. Also you can set a PIN for quick purchases and a 'panic' code in case you're under duress.

No Lost Coins
₩orldo are made to be used and spent, this is not an investment. Thus after the  third block size change, or approximately 12 years, any ₩orldo that have not been used will be moved back into the farming pool for that year. This will continue so no ₩orldo are lost but the total size remains fixed. So remember to at least move them to a new wallet each decade. Use them or lose them!

Incentives for more nodes
Nodes are essential to keep the network running but fast and reliable servers are expensive. We aim to funnel a tiny percentage of transactions back to people who run the nodes to make it worth doing for more than karma.

Built in Trust
Life is risky but you shouldn't feel afraid buying things online even with an anonymous peer to peer currency. People looking to build trust can receive positive and negative ratings to their wallet and customers can see previous transaction amounts, thus a rogue trader can't just bounce money back and forth to earn positive feedback.

Smaller, faster BlockChain
While it's great to have people and faucets giving away ₩orldo to promote it, it doesn't help if the blockchain is slow and unresponsive from millions of virtually worthless transactions. Once ₩orldo is launched and we know the market cap we will impose a minimum transaction to the equivalent of 1c US. This should be enough to stop the blockchain from bloating out of control and will be reassessed with each major client release.

Pump and Dump protection
Initially you will only be able to transfer 50% of your ₩orldo per hour but this figure will increase by 10% a year. This is to encourage people to trade responsibly and discourage early users from a cycle of 'pump and dump'. Do you really want someone with a massive cache of ₩orldo selling it all at once?

Block rewards INCREASE for one cycle
A total of 1 Trillion ₩orldo will be produced, about 140 per person on the planet, however our distribution will vary from every other crypto currency. 200 billion will be released in the first four years before doubling the block reward to 400 billion while halving every four years thereafter. This is to spur further adoption in the developing world as the ₩orldo becomes the planets largest digital currency.
http://worldo.org/images/bitcoin_chart.pnghttp://worldo.org/images/worldo_chart.png


Small, but optional, transaction fee to fund development/expansion.
In order to facilitate this growth and pay for development, testing and marketing, a small 0.8% fee per transaction will be paid to the ₩orldo Foundation for the first four years. This will halve every four years until it settles on 0.1% so we can ensure the stability and growth of the currency.  Without this small fee the currency will not succeed. Any funds will be distributed transparently in pursuit of network growth or humanitarian causes and outlined in a quarterly report. In addition if the ₩orldo Foundation has more than 0.1% of the total farmed coins at the end of each quarter the balance will be given to charities decided by the users.

Since some people will inevitably hate this idea, and see it as a scam, but you will be able to opt out on our website for 90 days at a time. Even if you opt out it will remain at a minimum of 0.1%, which is fraction of any other service.

Aggressive expansion to retail outlets
Once we have 100,000 regular users we will be distributing substantial rewards for online outlets that sign up accept ₩orldo and even more for physical stores in the region on $US 50-100. Users can also earn referral rewards.

Quickest transaction time ever for small purchases
We also plan on developing a blockchain cache that can process transactions much faster for retail stores, aiming for a 5-10 second confirm time for small purchases. This is a key factor for widespread adoption of the currency. All transactions will be confirmed in the main blockchain as normal.

Beta before release
We'll test the coin with an open beta so we can be sure of initial stability, before resetting for the initial launch when we're 100% ready. We will launch when we have some pools, faucets, an online blockchain explorer and an online wallet so please contact us if you want to get involved in these for some nice bounties.  

Big plans
The ₩orldo Foundation believes that every person on the planet should have financial stability and be free from undemocratic control so we aim to have ₩orldo in half of the planets hands by 2020 and overtake Litecoin by 2016. Bitcoin, we're coming for you!

If you believe in a fast free way to spend your money without fear then please join us, but more importantly, spread the word. The future is already happening.

BTW if you hate the name ₩orldo when we reach 50,000 users it will be put to a vote :)

Coin Info:
PoW Algorithm:  Combination of available CPU hashing functions to be tested
Block Interval: TBD Approx 45 seconds
Starting Difficulty: Kimoto Gravity Well
Difficulty Retarget: TBD
Total Coin Supply: 1 Trillion
Block 1: 2,000,000,000 WLD

Total Prefarm: 2%
0.2% for intial bounties, faucet etc : 2,000,000,000 WLD
0.4% for general release via email : 4,000,000,000 WLD
1% for pre-launch contributions, split by contribution %: 10,000,000,000 WLD
0.4% for BTC/LTC/Doge contributions, split by % : 4,000,000,000 WLD

Anonymous donations are also welcome but please make any donations modest, we would rather be developing than defending accusations of being scammers. A lot of small donations are preferable to a few huge ones.

Everything about the prefarm will be transparent. The respective addresses containing the prefarmed coins will be provided upon launch for full transparency.

If you sign up for a share we will email you just before we launch. You can then head to our site, put in your email address and wallet and the coins will be sent soon after. If you're entitled to more shares as a bounty we'll send you a code that will do the same thing.

Developers
Please let us know if you're interested in helping with any of the ideas we plan to implement. Bounties will be split between WLD, coins and $, depending on how much we raise. Code generated will be open source so you would also be helping other projects.
The Alpha release is currently here (https://github.com/traveltrousers/worldo_alpha) if you would like to contribute some code.
Please don't bother to mine it, the genesis block will be changed once a week .. :p
addnode=176.58.119.246 rpcport=56991


Help us grow by providing services for the client.
Pre configured Lightweight Raspberry Pi distribution(Available)
Online Blockchain Explorer (Claimed)
Online Faucet (Available)
Android Wallet (Available)
Online Wallet (Available)
5 Stable & High traffic Pools
Meme / Mascot competition
13 translate this [ANN] to each language board, please link to this thread - 20 Shares

Chinese [ANN] thread (https://bitcointalk.org/index.php?topic=458820)
Russian [ANN] thread (https://bitcointalk.org/index.php?topic=460550)
Dutch [ANN] thread coming...
Danish/Scan [ANN] thread coming...

Logo rerender : Make the Worldo Dove logo with better continents/Graphics : 30 extra shares, +20 for a large rotating gif.  
A logo competition will come soon after launch.
Original ball source here (http://ibrandstudio.com/tutorials/how-to-create-3d-ball-in-photoshop)

We are working hard on the beta and initial release but we're only a small team, please let know if you can help. We want to release as soon as possible, so please spread the word.

Add the following banner & PM me for another 5 shares from the 0.4% giveaway.

If you translate this [ANN] and post it to each language board we'll give you another 20 shares from the 0.4% giveaway. PM when it's done.

Twitter (https://twitter.com/_Worldo_)
www.reddit.com/r/worldo (http://www.reddit.com/r/worldo)
We'll open a forum on the site when we reach 1,000 signups.


If you want to throw us a small donation for some motivation please do so.
http://www.worldo.org/donate.jpg
litecoin:LQPzc1KGnWXkPohLqn5qYwroDbfV5jJ6bi
Doge : D8jh3yLhu1zeh4q4nBkVgb4otk1ewvMPzf

2 Donations Recieved= 0.326 BTC

We welcome all constructive feedback and are aiming for a Beta release in about 5 weeks.

I don't like the logo.. thats not even a real world  :'(

How about something digital? because its a digital currency  :)

Something like this (isn't from me):

https://i.imgur.com/mfXzjis.jpg

When are you hoping to launch?

Looks interesting. I like the ₩ symbol. West side!!!

The current logo is terrible, though. Once you pump and dump, hire a pro to make a logo.

Looks interesting. I don't like the logo, though.
Estimated launch date?

everyone says sounds interesting because they want to post on the top page... opps

I like the sound of the botnet protection, but has it been tested at all?

When is the pool and wallet going to be ready?

Seems almost centralized in a way. Is this coin completely decentralized?

Great coin guys.

Very original and "smart" idea (https://bitcointalk.org/index.php?topic=400893.0).

Yeah, you even copied our CSS for the website. Very honest of you, guys.

  I like the logo.  It's a dove.  Love.(lick)

This seems to be putting a lot of the best ideas from a lot of Cryptos all into one. I like the sound of it.

+1 hope you succeed. any idea when launch will be? im very interested in this coin!

Sign up on our website at http://www.worldo.org and you will receive a equal share.

Interested.

I hope there is no way to exploit the system and gain 51% just by hacking the part that checks how fast your computer _could_ run.

good trial, finally see a pow coin against greedy miner if all of this is true

When to launch

i want some of that .4% ! let's do this

Looks good, keeping an eye on this  ;)

No estimated launch date? Am interested.

Completely decentralised, completely open source

So we can only use logos from real worlds?? :p

65 signups in the first 12 hours, and only a couple of people took two bites of the pie....
maybe it's not such a crazy new coin after all. :)

We'll give 10 extra shares to the first person to explain the the logo to everyone!

If you flip the logo vertically, it looks like godzilla climbing on a mountain or something.  :D

or like godzilla is pissing  :D

It would work like the Olympics that happened everyday.

Currently every 4 years the fastest marathon runners get together and race.
The fastest gets gold, second silver, third bronze.

Now we make this happen everyday.
But instead of killing themselves with exhaustion they run a single race.
The medals are allocated and then instead they walk the marathon everyday, giving the same medals to the same three winners.
If the bronze medallist decides to get a gold (which he can easily), everyone will know he broke his word.

When a new runner comes along he runs the race as quickly as he can and if he beats the gold medallist he gets gold...
Then he joins the walk.

Everyone has to run a marathon regularly to see if they can.

Bitcoin is like a marathon, 24/7/365 with no let up, only some people use bikes (GPUs) and some people use cars (ASIC).
Worldo is more like a time trial race.

Doesn't we already have worldcoin?

What will stop my node from saying to the network "I can make bazillion hashes per second"? Do you know what Proof-of-Work is?

How many? Who will send them? All network or part of it? If all, this is nonsense, node will die. If part of it, how the other part will know the block is valid?

Too many questions. You should definitely release whitepaper first. For now this all just sounds like fantasies from someone who can't understand what is 1) decentralized; 2) anonymous; 3) peer-to-peer network.

:))

Watching this one. Good announcement and idea.

Follow Noblecoins lead on transparency and development team and it will go far.

It looks like the world but all mixed up, not like Pangaea, the continents are just all scrambled up.

https://i.imgur.com/zdpBKU2.png

Proof of work?? what's that??? :p

When a node joins it has to complete a Proof of Work at 100% to prove its speed. This happens periodically.


Of course not all, in the region of a few dozen at most.

Each client generates a unique database from the same algorithm, based on his wallet ID. When a block is completed other nodes confirm this and then ask for a randomly located answer from across this database. The winning client grabs them from the DB and sends them out to be checked. If he is too slow (i.e he doesn't have the database because the botnet controller can't install a 2Tb drive onto every remotely controlled machine) he will not receive the coins. He could generate them, but that would take minutes and the other nodes will only give him a few seconds...

At the moment this seems the best candidate for proving a client is not a botnet zombie, at reasonable price.

If you have a better solution we'd love to hear it would be throwing a nice bounty your way if implemented.

A white paper will be coming.

Thanks for asking an intelligent question, I'll send you a link for 5 parts of our .4% prefarm if you  want them.

Oh wow! ID in decentralized network, really?
Ok, I'll do a favor and will try not to post in this topic before whitepaper release ;)

The logo is all the continents of the world flipped or rotated so they can fit together in the shape of a DOVE! You people must be blind or something! lol

Amero and now Worldo. All in the same month? Hmmm

You can only mine and spend Amero in America... :p

So after 24 hours we have about 120 people signed up, which is nice!

Also had several PM's of support and offers of help which is nice too...

If you want this project to fly lets keep it on the front page and recruit more people....

So, what is the difference between traveltrousers and travel-trousers?

Trust me I can tell you this coin has no future, #1 dumb name, Waldo, Worldo?? Dumb. Second there is already Worldcoin, you can't compete with them, third, there is Earthcoin, and they can barely stay afloat. Just close up shop on this coin, no one will mine it and it is taking up space.

What I don't get, is there are some awesome professional names left for cryptocoins and these nubs choose these stupid names, holecoin, cuntcoin, johncoin , jeebuscoin, worldocoin, buttcoin, buttheadcoin etc etc, WHY?????? It costs no more to sound like a real bonafide coin with a name that will at least get you a little ways, but no, let's call out coin worldocoinio. Great thinking.

I'm liking the ideas guys, but you seriously need a re-branding. Please let me do it for you, I am an experienced 3D Artist and Graphic Designer.

None, when I created the account it complained the password was too short and then the name was already....

Our real thinking was that we would not call it ****coin. 99% of the cryptocurrencies follow this trend and really, no one outside of this forum know they exist apart from bitcoin. Go tell Jackson Palmer to close up Dogecoin because it has a dumb name :p

Peso -> Euro -> Worldo

Tell me your great six letter memorable name that makes sense, can be easily remembered, can't be misspelled, doesn't appear in a google search and has a .com/.org domain available AND DOESN'T END IN COIN.....

Let me guess, you're a Worldcoin miner :p

Pm'd

Excellent, we're all ears, shoot us a PM with your ideas.

It's not fun being ill when there is so much to do but I've managed to do some coding.

First priority is to finish up the botnet protection code and our initial tests show that our initial ideas seem sound, although of course this can change when you turn over the code to someone who wants to hack it...

It really is a tricky problem, how can one tell that another open source client has been altered or is not playing fair on the network...
After all there isn't a anti-turing test for computers... well, okay, it's a CAPTCHA, but do you really want to typing in codes, even occasionally, to prove you're not part of a botnet? And even these can be passed out to other people...

140 sign ups now which is good, please spread the word and get in touch if you're a coder that wants to earn some bounties...

I will try to hash out an initial white paper describing our solution this afternoon... although I'd rather be in bed... :p

Hmm the name need to change because its to close with worldcoin!

So 2 billion coins out of 1 trillion coins will be premined? or 2%?
Because 2 billion out of 1 trillion is 0,2%. not 2%

If you premine 2 % that would be 20 billion, and that's 10% of the coins mined in the first FOUR years, that's insane!!
If that's the cause it would take around 140 days to mine as much as you premine.

BUT if it's 0,2% it would still take roughly 2 weeks to mine as much as you premine. That's also QUITE much. but acceptable.
However the 0.8% transaction fee is INSANE. Even if you can change to 0.1% that would still annoying long term.

Other than that, great ideas.

Very good, well spotted, yes its 2%.


Well, tell your friends to sign up, 0.4% will go to everyone who asks and 1.4% will go to anyone who throws some real money at us for development... which we will then transparently throw at developers who work on it....

We thought that might cause some controversy, but once every see's how we're using it to grow the idea and promote payments they should accept it.
PLUS it's optional AND we're completely upfront about it AND 0.1% on $100 is only 10c...

You have to think long term....


Why thanks, I'm putting you down for an extra share ! :)

Thank you! I pm'd you.

As long as you put it up clear for everyone to see, so there's no questions or bashing after launch.
Still, I think it's quite much, you will need to distribute at least half of the premine withing a couple of weeks, else there'll be alot of doubt.
I predict that people will suspect you that you'll dump the premine as soon it hits an exchange. That's why it's important to start many giveaways and open a big faucet within days of release.

Remember. 2% equals around 20 weeks of mining. I suggest you to think about that fact and think of it's pros and cons.

I wish you luck on launch! I'll be following this.

Ouch. Can you explain this to us? Theft of another coin's site code is not a great way to start building trust.

Also, please be more clear on what's happening with the premine. Break it down in first post.

I'm interested and will follow your development.

Still don't see the dove. Can someone sketch it in for me?

It's a really interesting coin.
I want to ask if the coin is really botnet proof.
coz many ppls don't like the CPU coin due to botnet.

interested. Really like the concept :)

Ok, I've looked through this whitepaper. Unfortunately, it has major flaws.


You can't rely on such latency. For example, distance from NY to London (http://www.distancefromto.net/distance-from/London/to/New+York) is 5570 km (3460 miles). Nothing can move faster than light, so information can't be transmitted from NY to London faster than 5570/300,000 = 18 ms. Double this for standard TCP/IP. Double this for LA -> Moscow. Get 72 ms. Quietly weep (c) (http://theoatmeal.com/blog/fix_computer).


No, they are. "The solution is passed out to the nodes as normal, checked and added to the blockchain" == "coins are in the bag" until you invent something new. Your whitepaper is definitely missing some technical details.


This all shows your complete misunderstanding of cryptocoin network. You should stop coding right now and get some crypto background first.
http://bitcoin.org/bitcoin.pdf‎ is a great place to start. https://en.bitcoin.it/wiki/Main_Page fine too.

Really, whitepaper is a piece of shit for now. No offence, please.

is that Pangea?  ;D

hmm in think this is a killer :

and this is a no go !! :





dont make invest rule for the people you are now alike the todays banksystems  : digital coins would have that no rules......... freedom !!

freedom in transaction how many its al up to the user not your rule

Please read it again, that is a more than optimal case for a hard disk, purely for illustration.

It is meant to show that using spinning disk drives for confirmations increases the lag expontially.

None taken. Although you don't need to sugar coat it...

I think you misunderstand my idea, I'm not describing what happens in a 'normal cryptocurrency' such as bitcoin, I'm explaining how to add a check to ensure a node is not botnet controlled.

I think I will edit with 'real world' latency times though....

That was unfortunate. When you say to someone 'build us a landing page just like this one' you don't expect they will make it more like the original than it should be... :p

Pay peanuts, get monkeys... all the css code is gone now.

Interesting idea with all of the transaction fees going to dev team. That should of been enough and you should of not done the premine but as long as you spend the premine on productive things I dont see anything wrong with that. gl

Worst logo ever.

My original example was more like a botnet being checked by nodes in the same country vs a PC in Europe with a fast lookup table being checked in America.

v0.2 available using nocoin's examples in worst case scenario...

Well we haven't done a premine yet... :p

It's still being considered....

The problem of course is not knowing how many people really signed up, if its 100 but the devs say 1,000 then the devs keep 90% of the 'giveaway'. At least with BTC coin investing or crowdfunding you can see how much people will be expecting.

We might make a page publishing the obscured email/IP & time of sign ups, then hopefully there will be no cries of 'scam'...

Oh boy... I'm giving up, such ignorance can't be beat.
Will wait for first code samples, it should be fun. Count me in as security tester ;D

I love minimalistic designs... so here a quick idea for a new logo

http://i60.tinypic.com/2hr01zb.jpg

http://i61.tinypic.com/1o6mxi.jpg

I like this new logo much better than the old one. (No offense).

None taken.

The logo was thrown together in less than half an hour.... Please submit more ideas if you think you can improve it.

So ignorance is to change my figures to your examples so you can understand it better?

Wouldn't it be quicker for everyone (including me) to explain why it won't work (and what your solution is)?

I think I might chuck together a quick php script that can pull some files from a USB stick and hard disk to see how quick it is...

I'll post code and a link...

     I have a thought. Instead of mining and getting rewarded from nothing, why not mine from a "global ghost pot" where the coins already exist and the coins that haven't been used return to the "ghost pot" to be mined again. The advantage of it is that you can implement alternative ways to gain Worldo. Such as giving companies "ghost coins" that they can use solely for the purposes of hiring new employees. Any "ghost coins" they don't use that year go back to the ghost pot to be reused This would encourage job growth. If they spend over 90% of their "ghost coins" they would be rewarded by getting X% more of their share of the "global ghost pot" for next year where X is equal to the percentage over 90% they used. So if they use 91% of their coins, next year they get an extra 1% of their current share of the pot. If they use 100% of their coins, they get an extra 10%. The same would work inversely up to 80% so if they use 89%, they get 1% less next year; if they only use 80% they get 10% less next year. If they only use 60% of their "ghost coins" they still get 10% less because it bottoms out at 80%. 10% deduction is the max deduction just like 10% is the max reward.

     Like I said, they would receive "shares" of the "ghost pot." What that means is they get a certain percentage of the "ghost pot" they can spend every year. The max for all companies would be 10% so only 10% of the entire "ghost pot" goes away every year. This would prevent the "ghost pot" from ever bottoming out since all the Worldo that hasn't been used in a certain amount of time (1 year for ghost coins and not sure how much for regular coins) returns to the "ghost pot." That way miners and companies will be rewarded indefinitely and no Worldo goes missing on a hard drive that goes to the dump or because a someone decided to stop using their Worldo.

The problem is not in the disk performance part.
Current crypto code has:

• no conception of "closest nodes"
• no way to "split the work between" nodes
• no way to "lost the block" if it was already added to blockchain
• ...

You must first define these concepts and create a way to implement them; writing some common words is not enough.

Yes of course, it's only (well, was) only version 0.1.

Interestingly you failed to spot the rather glaring error I made. 20 checks at 20ms each will only take maximum of 400ms, not nearly 5 seconds as I stated. I've fixed that and can't really complain as I suspect you're the only person who read it :p

Wasn't interested enough to check all those things precisely ;)

Glad to see you two getting along. :)

Trying...

"paper is a piece of shit....
your ignorance can't be beat....

Oh, but I didn't bother to really read it.... "

:p

Very interesting, waiting for the launch

Nice idea. Count me in.  8)
But i really think there starting to be too much of new algorithms around. :o Quarks, Qubits, Metiscoins and now this. Anyway, this one looks really promising.  :)

I logged in the website and submitted my email.
No response received yet

You won't... until we have something to announce.

Ok, just waiting..

A major part of the problem is thinking of a solution to the problem while actually giving that solution to the hacker at the same time. You have to think how someone will try to exploit the idea with superior resources...

Anyway, antibotnet white paper v0.6 added with 'solutions' to the first two issues. www.worldo.org/botnet.pdf (http://www.worldo.org/botnet.pdf) Clients check if they're in the same hemisphere as the winning miner, same time zone and then if they have a close IP. Nearest ones then all query the winner at the same time.

This all adds a slight overhead to the system over other cryptos but is still decentralised and better than competing with a multi-million strong botnet...

Extra shares for comments about v0.6!

Nice and extensive OP. Im have this one on my watchlist. I wish the dev's the best and I might join in too (mining and spending!)

wierdo

www.youtube.com/embed/SXBR96Z8_e8 (http://www.youtube.com/embed/SXBR96Z8_e8)

We like it too!   ;D

launch date? so is this coin decentralized? if so, by what means? thanks

I'll have some of that 4%.

Thanks!

like the ideas of this coin:)

im very interested in this coin!

signature, done

Nice coin.
signature, done

When it's done...

Decentralised like every cryptocurrency, peer to peer nodes....

interesting concept.

I like how this somehow keeps conveniently getting sidestepped...  :D ;D

Interesting..   
Seems there are someone doing some real work to complete the project

I like how this somehow keeps conveniently getting sidestepped...  :D ;D
[/quote]

I'll quote myself from several days ago...


And the 'code' was 9kb of CSS which made the logo 'pop'... hardly the end of the world for an open source project...

Keep on posting those updates to the white paper, its an interesting read

Great idea! I hope it works.

However, you should post the expected release date. Is it this week? This month? Sometime this year? "When it's done"?

Also, how much disk space do you expect to use? I would not give any coin more than 20GB of my precious HDD. Even bitcoin.

I don't think you can tune the delay to achieve two goals: make it impossible for botnet to exchange information (~4*transmit time) and make it possible for slow nodes to successfully transmit a block (sometimes 200ms to geographically near location is not that unusual). Maybe there is a solution: the operation required should consume CPU cycles and cannot be precomputed - e.g. take 1 second on an average (need to define "average") CPU (or maybe varying time?). The time to respond should be consistent with hashrate and network speed. Example: take fragments a, b, c, compute N*sha256 of them, some bits of this result point to fragments d,e,f, compute M*md5 of them, and so on.

Its something we're thinking about, we might require clients with very slow connections (ie Africa) to transmit more confirmations at a time. Since most clients will be connected through their ISP since they will be sharing IP ranges I think most confirms will be rather fast.... testing will tell us.


The blockchain will be as big as the block chain gets, there isn't much we can do about that... although with an wallet like electrum you wouldn't have to download it all. I wouldn't be too concerned about the size just yet, BTC is still only around 14gb. You will be required to use a 8Gb USB stick for farming however.

Sounds interesting. When will the coin be released?

When will it be released ? I'm interested in this new coin. I like the white paper.

Since this isn't a clone coin it will take a while... patience please...

also interested

I can't wait that beta!   ;D

So will be be able to mine it or it's limited to that ''farming''thing which I don't fully get.

mining = farming....

farming just sounds less greedy :p

Ok Thanks. I'm keeping some OD vps credit toward this coin then !

Also I have a suggestion : You should be set for the logo and symbol before release. I follow a lot new coins like Q2C and such processes are ectic once the coins pick up speed. This would also entertain us before actual release and I think the earth logo is a great start but we could add to it !? ;) Just my two worldo.

As in a logo/symbol competition?

Yes. I don't know when you plan to release the coin, but two weeks prior I'd put a bounty out of the pre-mine. People put up their suggested logo and you do a quick poll.  
If not you end with like Q2c where the community voted for a blue Q, but the dev scanned through a couple of pages and picked a cube. Or Frozen which logo wasn't the community's favorite back in the days.  
A strong logo will help your coin. I don't have skills to help you graphic wise. When I want a logo for business purposes I pay 30 bucks and go to reddit.com/r/forhire .

Also, I think your plan beside that is pretty good especially for the beta. Please check out what maxcoin has done and try to do exactly the opposite. Everything should go fine.

Edit : If you find a decent logo I can help you out putting up a WP landing page or a full website. PM me.

This coin looks promising,botnet proof sounds amazing . I like the logo. Will support it from day one  ;D

This ANN has been translated into Chinese and posted on Chinese forum:

https://bitcointalk.org/index.php?topic=458820.msg5062274#msg5062274

 ;D ;D ;D ;D ;D ;D ;D ;D

This coin will use what algorithm？

And you can prevent Chinese huge CPU mine bully you ？

Seems legit, interested

Too busy, low contrast, not visually balanced (or grid-aligned properly,) inconsistent widths, strange usage of drop shadow, will not translate well in small sizes.

It also looks like a basketball.

edit: Bad kerning and tracking, too.

I don't like this. Weird colours and that thing reminds me soccer ball too much. :/

Not a big fan as well but it seems like you have skills ! Any other idea ?

Starting to read the anti botnet white paper and my first question is are botnet slaves really that much slower?

Could the same could be said for low end VPS's?

4,000,000WLD ---> 4,000,000,000WLD
Correct it!

I've been trying to find some figures about average specs but I'm still looking. The majority of machines are probably just used for surfing the net, imagine the old PC some grandma has that she never installed anti virus on... old, useless, but it still ok for email and basic surfing, and since they don't do any banking or need a secure PC they don't care so much about security.

The problem is that there are literally MILLIONS of these machines all over the world. They hash very, very slowly individually, but add them together and you have a massive mining network... for free.

VPS's are not the issue, if you want to use one you'll have to pay for it... free beats that every time.

Done, thanks :)

Please delete "build" folder from github and add rule to the .gitignore to don't upload *.o these are the prebuilt application modules.

Ah yeah, thanks :)

I got rid of the data folder too....

"Greedy miners"? Really? Piss off!

Bitcoin was supposed to be about moving control away from banks and governments and putting it back in the hands of the people.

These  (http://hongwrong.com/hong-kong-bitcoin/) guys have a million dollars of ASIC equipment and a massive power bill to, what, support the network??

https://i.imgur.com/ZMjXYNi.jpg

All I see on the alt-coin boards is about how to make money....

I want to help your project. Can donate a small amount of BTC.

Thank you for your response.

I think you have a good idea on trying to cutout the botnets, I really do, BUT I think that will be a nasty double edged sword due to you may end up cutting out a large portion of your potential user base. A good example of this would be between folks who have either A: slow internet (still a wide spread issue) or B: folks who do not have SSDs, 32G of ram etc etc who's computers might not meet your specs.

Again, great idea and really, probably the only way to deal with said issue... I just don't see how you can find a happy medium. Though I would love to be proved wrong.

And yeah, right on about hash consolidation... its not just a BTC issue.

This is being built for everyone, so you wouldn't need a super fast computer with SSD or loads of ram, just a USB flash stick. And while slow internet is a problem, it's more an issue of latency... the total confirmations will only be less than a k of code, which should be small enough to use even on dial up... if people truly have a terrible connection (on satellite) then they can (for example) check a box so they have to send 100 confirms to each node asking and the initial encryption is 10 times slower.

The Satellite confirm takes 3 seconds, but a botnet on satellite needs 20....

We can still tell they're not on a botnet... hopefully :)

The anti-botnet feature is very interesting. Will be keeping an eye on this.

Thanks, PM sent

Today we hit 500 sign ups....

A few of those are doubles which we will deal with when we organise the giveaway...

good work team!

Yes sorry I signed up twice because I though I had a problem. Did you send the initial confirmation email ? My thought process was : oh I didn't get the email, maybe I didn't type my email properly. 

So, i can do the Dutch translation for you. Can you send me a PM about what you're expecting of the translation?

very interesting and no ipo shit. Count on me. Signed up on webite  :)

I suspect a few people did that... there's no confirmation email.... I've promised to only send three emails .... :p

im working on a danish translation for the scandinavian subforums (the scandinavian languages are so closely related that they're pretty much interchangeable, which is why i assume they have a collective forum too), its coming along pretty slowly, and will probably take a few days before i finish. partly because im lazy, and partly because the wording of the original isnt very well suited for direct translation without sounding..  uhm..  linguistically challenged. so a lot of thought have to be put into each sentence to phrase it so the message comes across exactly as intended by the original author. im not doing very good though, so if someone else wants to do this, and can finish faster, or do a better job than me, please speak up, so i dont end up spending a lot of time on nothing :)

nice job on the coin btw. its the first one that im genuinely exited for. i truly hope that you will be able to make all the features you want work together.

Assume you have a botnet and a beefy central node.  Why couldn't you spoof speed ability to ability of botnet, offload PoW to botnet when requested and return result through central node?  Central node would do DB lookup.

Great question!! Each client's DB is linked to it's WalletID and each would be at least 8Gb each, so this central node would have to have to generate and store this database for each wallet. Of course they could have lots of 256gb+ drives storing 32 databases each or even racks of SSDs... the drawback is that to use the entire botnet would require an investment of tens of thousands of Gb of fast storage... and each botnet clients would farm pennies worth Worldo every week.

Short answer, they wouldn't bother...

Botnets work so effectively because they are free, you set them to work and forget about them. The addition of a simple idea to slow them down is enough for the controllers to just look for an easier coin to exploit.

You get an extra share when we launch, make sure you sign up too! :)

Sounds fair. I would like to be early adopter. From description in first post it seems that right now I am, yep?

If you signed up on the website? yeah...

Yep I did it.

How will ₩orldo know how much potential I have? Is it going to detect my hardware and just give me a score or do you have to run a benchmark to prove what you can do?

At the moment the idea is to run 100% on a real world benchmark for quite a while to see how fast your computer is... its something we're still talking about...

When can we expect a release ? One week ? One month ? This summer ?

That's hard to answer... certainly we can release without everything outlined in the OP and add stuff as we go but the main bot net code will need a lot of testing before release since you don't want to get into a place where genuine clients are denied coins for various reasons...

Sadly we're not inundated with people offering to code... hopefully this will change once we're able to offer bounties more substantial than (now) worthless altcoins.

I'm signed up! Excellent idea! Ask for developers team: what do you think, how many time will need ₩orldo to raise up in top 10 crypto-currencies?

That's the spirit ! :p

Who knows? I think for a crypto to succeed even more than Bitcoin it needs people to use it, so a high priority will be to get people to install the client and let them see the value of their coins slowly going up (in real money), that will hopefully encourage them to spread the word...

Hopefully we'll be the coin that everyone on this board farms in conjunction with the more popular scrypt coins since their CPU's are idle....

Well you are the project manager. A project without a calendar isn't too serious. I know it's hard to plan like this but I think it is crucial to keep the interest of people here and also to give credibility to your project. I would post a calendar of planned events and modifiy it according to what happens along the way. And put some buffers. Let's say you think you need a 3 weeks beta, make it 4 and publish it....
My two worldo.

Now many people need a easy CPU-minig crypto-currency. Not many people have free money to buy GPU-farm... If your developers team will do everything well - it will be great success for us all!!!

Can you explain a little more on the mobile idea? Payment only or also mine with it? Love the idea and signed up on website!

Looking not too far into the future, I'd expect to see most laptops/desktops ship with "smallish but sufficient" SSDs, as increasingly content sits in the cloud and is consumed on-demand. In this scenario what does Worldo do about the performance test? I appreciate that SSDs are not going to challenge HDDs on price per GB for the foreseeable future, but OS sizes are not increasing inverse to the reduction in cost per GB.

What you're looking for is hardware that proves the miner is a human intending to mine; a "human proof of work", if you like. "Something that has the performance of a flash drive relative to a spinning drive" is a poor indicator of this, and will become worse over time. Botnets aside, virtual instances have access to large amounts of RAM relatively cheaply, enough that 8GB is probably not a big deal. I suspect that cloud mining and dumping to fiat for immediate, if cynical, ROI have a bigger effect on CPU coin prices than botnets do. I might be wrong.

If you want to keep the "USB as proof of human" concept then, as a thought experiment, you could mandate a dongle which all miners require in order to function. This would be cheap to make (a few dollars in hardware costs, something that won't threaten early-term mining ROI as ASICs do) and do something that botnets or cloud compute services can't competitively do. Ideally, the dongle would be easily available from a broad plurality of manufacturing sources. I believe this line of thinking is what lead you to arrive at the "8GB flash" idea. I have no better solution, but I suspect yours won't work.

Mining too... why not? Phones are getting quicker and quicker.... you'd probably only want to do it when it's plugged in though.... :p

They key to widespread adoption is for everyone to be able to use it, and people in the developing world love "free" money :p

You're right, but I believe the botnet problem is from 10+ year old hardware running on XP or worse... if these people do upgrade to a SSD laptop then hopefully the OS is more secure...

That's a problem to be addressed *if* the currency takes off in a big way... but if you have a million+ users and mandate the use of a $1 dongle to use the system that wouldn't be too bad... you have to attain a level of adoption that the botnets would actually care.... when we get there we've won.

They still have to pay for Cloud mining...

You will *NEVER* stop a determined thief, you can only slow them down. That's what we're aiming for...

Instead of pre mining, wouldn't it be an idea if you make it (the first!!) possible where every wallet will contribute automatically a certain amount to a Foundation wallet (e.g. by 0.1% a year, but rate to be determined)? That way, you will have a stable wallet income for now and in the future... also this will give people more secure feel since devs are not possible to "walk away" with the valued coins (like what happened to USDE).

Maybe even let people decide how the foundation coins will be spend?

Anyway, I really like this coin, I hope everything will be fair..

I support the devs keep waiting for release. I expect this will come out with some core techniques.

On the contrary, to the extent that you're there you get hammered by the botnets. This isn't something you can easily fix when you're at that later stage; hard forks are problematic and threaten trust.

If the proof of work is violable then it will be exploited to the degree that it is possible and profitable to do so. You'll need a better indicator of human status than 8GB of flash to preclude this kind of activity. If all this seems horribly critical, I apologise. I'd like it if you could convince me otherwise.

Well, this is the real issue isn't it? How do you tell if a computer is a zombie or not? The botnet controller has the source code....
Capchas? They can be rerouted and are annoying.

8Gb of flash is 1. Cheap 2. Available everywhere 3. A start...
It can be 16, 32 or 64 Gb of flash....

I think you overestimate the power of the botnets or their interest in mining coins... the main issue is click fraud... that's their real money earner, nearly 2 million zeroaccess zombie machines will only earn $2k of bitcoins a day, so $700k a year.... click fraud is tens of millions of dollars a year
http://www.symantec.com/connect/blogs/grappling-zeroaccess-botnet

Now obviously it's an issue and something you want to avoid but if a simple $10 device means the botnet controller has to do more work, he won't bother...

It's not horribly critical... but I would love to hear solutions to problems that might arise in 10+ years time... there's got to be a better way that ASIC farms and 4 pools with 80% of the hashing power....

*btw the computer used in symantecs test case is :
Test computer specifications:
Model: Dell OptiPlex GX620 Pentium D 945 3.4GHz 2GB (Max TDP 95W) which I believe would be a pretty powerful machine for most botnet nodes, a lot are probably ancient. I would be surprised if zeroaccess was even making 1/4 of the amount symantec say is possible from mining*

That will be in place.... The premine is good because it makes people invested at the start, but there has to be a level of trust in the devs. It also gives the coin an immediate value so people can start giving it to friends and promoting it from day one. The premine is bad because its very easy to rip everyone off...

We'll shortly be 'publishing' the email list with obfuscated email and IPs, ie te*****fg@gmail.com 176.45.245.*** so people can see that the list is growing gradually and hopefully believe us when we say that X people should share 0.4% of the shares, we're already sharing the google analytic pdfs, if you would like to be put on the mailing list (from google) let me know.....(I'll put that in the OP....)

All the premine accounts will be transparent and accounted for.


Thanks, the idea is to get everyone using it, ripping off the early users is just retarded :p

At what stage is the project? How much money you need to start the project?

Another great coin is born, i need some, tell me how to get it

Botnet proof? woo......

You guys are dead serious about this
Alot of thought put into it I see
Will be watching, If you can really keep the botnets away that would be big

Why the trillion?

When do you think you will be done? Do you have any time frame estimate? This is very interesting!

looks good,I'm interested!

I'm interested!

Can we get something of the prelaunch? Yes please  :)

Some nice concepts ... but does not seems very practicable to me ...

For example:

How do you prevent a botnet from using consecutives IP addresses in order to validate itself ?
(easily done for example if the botnet controler "owns" an IP network and if the botnet is using it as a proxy to access the internet)

If computers are not "Proof-of-working" all the time, how do you prevent them from launching multiple instances of the client to appear as multiple computers ? (they can expose multiple IP addresses if necessary)

What about honest people using NATs (so only one IP address) ? Only one client allowed ?

Also, as someone already said, you basically want to use the usb drive in a context where a dedicated dongle would do much better.
But such dongles would either have to be built and sold in a centralized manner (maybe checking the real identity of the buyer - bad for anonymity), or you would face people building and using tons of them. (similarly to ASICs with bitcoin)

Any news?

Money does not happen much!

In the coin has charisma!

   :::

We already know when it will be launched?

Is the logo supposed to be based off the Final Fantasy VII map?

No. It is derived from Pangaea en.wikipedia.org/wiki/Pangaea

Hey! News?

We just wanted a large number, although at the moment a trillion isn't actually possible using a 64 bit signed integer :p

I hope you REALLY ban GPU miners. GPU mining is killing alt coins. It concentrates all coins in a few hands.
Many new coins promissed just CPU mining, but let GPU miners in and these coins are almost killed now (QRK clones, Q2C...)

I strongly suggest considering a smaller amount.  Trillion is ridiculous just conceptually and as you say will probably lead to bugs.  But more importantly, at that amount the valuation will have to be too high to trade directly in BTC.  The coin will be stuck in LTC trade at the start and dead in the water.

I am really looking forward to this coin by the way.  I was excited about HeavyCoin's PoW algorithm ideas but ultimately disappointed by the way the devs dismissed the botnet issue outright, showing lack of planning.  This is the only CPU coin I have seen with actual long term resilience baked in.

flawed concept and clearly the coins available to those that ask for them" comment means it's going to be premined..
it's prob not released yet so they can tweak the botnet optimization for "faster clients" and build up a nice premine.

the anti-botnet measures employed even if they worked as stated would at most be a small deterrent to s mall group of botnets.
the rest would chug along fine raping the coin at will.. it hinges on the assumption that most botnet machines are slow
and i think that is a bad assumption. Further more Botnet op's are dumb and don't solo mine.. they use pools and drain us small guys dry.
Ask any respected REAL coin dev and they will surely agree with me Botnets should solo but they never do.. they are dumb and greedy.

blah blah.. i'm wasting my time and will be banned for trolling again any minute now i'm sure (it's ok for everyone else here to troll but not me i guess)
and i bet Cryptsdy etc is already setting up the market page for it already.. those geniuses just added Aurrora coin lol

i can code and have looked at miner src and coin src and i just don't see any way to stop botnets.. not sure it's possible.
but it's sure a great marketing tag line for a coin release.. when you even state you want to do that, even if it doesn't work
your still ahead of all the other useless name / icon changing scam clones.. in other words a complete failure is a massive success here
when the bar has been lowered sooooo low.

prove me wrong.. by all means post some source code and let's see how it works and then lets get some of the skilled coders to evaluate it..
just don't forget aside from *maybe the first few hours no one solo mines.. after that pools get set up fast as lightning.. so....

edit:
Let me make self clear here.. i am no trying to pick on this coin.. i would love to see the anti-botnet idea work..
and if it did i would advertise this thing hard everywhere non stop above all other coins.
i hope i'm wrong.. i want to be wrong.. i hope someone proves me wrong and puts me in my place LOL
If you can make this idea work you have my full support ! (otherwise back to the searching for a good one routine)
and hey good luck ..i mean it too, i wish more people were looking into anti-miner-botnet ideas.

News?

Dead?

5 weeks passed. How does it looks like with beta?

Found this coin ad in someone's signature...
I wanted to find more about it - Google found this video:

http://www.youtube.com/watch?v=gH0U81lb8SA


 :o

Lol ;D

So, what's up? ???

BTW, i placed that Worldo banner into my signature few weeks back. Can i get some share?  ;D

Any news?

Not quite, just passed 800 sign ups...

while you are waiting 1000 registrations, someone will release a coin with protection against botnets!

I don't really understand Potential of Work.
Even if it's done right, what's stopping someone from creating similar currencies with the same Potential of Work mechanism???
Then you could just run 10 different PToW clients on your PC earning 100% PToW * 10?
This would surely lead to hyper-inflation...

Don't tell me they are waiting for 1000 registrations to launch beta. That may take another month.  :o

News, please!

Much Yes! Very Relevant!

+1

:D

GREAT IDEA

Are you still searching for an algo for your need?


This one looks very promissing:
https://github.com/tromp/cuckoo (https://github.com/tromp/cuckoo)

They just stole 0.326 BTC, lol   ;D

Who stole from whom?

They just stop communicate. That looks bad.
If they really want at least 1000 registrations to start betatest then we can wait forever. Noone will register to project with outdated website, outdated twitter page and totaly dead forum.  :-\

interested  :o
long life cpu miner  :D

Dead and buried! But why the hell do some people still put hope in it?