Bitcoin Forum

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I dunno
But I saw price drop like 40%

Anyway worldcoin was nit well designed coin

Scharmbeck =/ Worldcoin.

It should be the Scharmbeck scandal, not the Worldcoin scandal IMO.

Guess you might be right.
But anyway there are too many alts I think.

And now WDC can fade off into the sunset with the marring of two scandals. And somebody can continue to mine WDC, and then revive it just like BBQ.

That or people will actually be too stubborn and show the resilience of WDC. Which if the community is as strong as claimed, will happen and its price will recover (then again, only a few months ago, WDC was only 1/5 of the price that it still is).

To be honest though, a cap of $7.5M is a bit too high for an alt as riddled as WDC has been.

All premine and instamine coins are scandal-ridden and scam-laden

Is this really news to anybody in the alt coin world?

WDC (and scharmbeck) has been about as transparent a scheme as possible since day 1. Blame yourselves for not doing your due diligence before throwing money at them.

Bad coins have a tendency to be revived and to trap more people once again.
But the story behind this sounds interesting , I'll dig a bit more  :))

I know there are many problems quoted above.

But please tell me just one thing -

is it all about worldcoin? because if yes - I dont realy think that worldcoin is worth your nerves and time.

For me - I am not a cryptoexpert, but I see how things works.

When I downloaded at 1st WorldCoin wallet I was terrified by how bad it is.
How loooong blockchain will download, and size of it was a scandal...
Do you imagine people use WorldCoin everyday? like they use Bitcoin, Dogecoin, Litecoin (other good developed coins)?

Because I dont. WorldCoin was a nice idea with lack of developing.

I dont want to say anything wrong realy, just want to realize when coin might be good and when is just another alt coin.

There always will be some problems, scandals, bad news, price drops - this is like "just another day in crypto world"

But - time show us what will work good and what will not work at all.

If you are WDC enthusiast I am sorry for being rude :)
Don't troll me xD

Thanks for warning us about this.

What like USD and GBP?

There are some coins in the alt section that are far worse than  the USD and the GBP.

Any links for me to read up? Got a little WDC, concerned if I should sell or not...

Well project update - seeing as you asked about the 'scandal'.  As he promised he would do CompWindsor333 has indeed been paying the Well Project for the well (as he should).  He also stated that he would cover the cost of the shortcomings as he admits it is partly his fault for not paying it sooner.  Of course, we (the committee didn't just take his word for it, but Jdebunt went to The Well Project directly and asked the manager in charge whether or not this was true.  The manager of the Well project confirmed that Compwindsor had made a number of small payments, and had explained he would do so over a period of time so as to not crash the market by selling the coins too quickly.  

I apologise if you're feeling aggrieved by the whole Scharmbeck business. I think you would be hard pressed to find a Worldcoin member who isn't right now, as you can appreciate - presenting a point of view constructively and with justification will always get better result than just screaming 'SCAM' at everything that doesn't work out immediately.  

Lastly i would just like to point out that all the members in Worldcoin were affected by this, and some more than others.  Fighting with one another doesn't really help anything especially considering that the members their are not the owners of Scharmbeck, nor the owners of the Worldcoin Foundation.  Some of us are just trying to pick up the pieces, and it becomes particularly difficult when we get the brunt of somebody elses mistake.

~~ Xodianbarr ~~

Why are you so concerned with destroying Worldcoin? It is a personal vendetta you have. Be honest. You have been posting links to your website like it isn't yours in an effort to make WDC look bad:

WHOIS information for worldcoins4barter.com:***

[Querying whois.verisign-grs.com]
[Redirected to whois.godaddy.com]
[Querying whois.godaddy.com]
[whois.godaddy.com]
Domain Name: WORLDCOINS4BARTER.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Yates Randall
Registrant Organization:
Name Server: NS09.DOMAINCONTROL.COM
Name Server: NS10.DOMAINCONTROL.COM

DNSSEC: unsigned

Scharmbeck is not Worldcoin. Worldcoin is not a scam coin and the Worldcoin Community is not at fault for the Scharmbeck fiasco. At most there are three individuals to be blamed but most likely it is just one of them. This can be found by looking at who actually has ownership of Scharmbeck.

The Well funds are not missing. They are being slowly converted to fiat so as to not crash the price of WDC further. I have been told that the money lost because of the price decline in WDC will be made up.

I could run around and make 20 threads about how BTC is a scam because Mt.Gox lost my money and how it was all a plot from the beginning but it wouldn't be any more truthful then the crap you are spewing.

Hope you learnt your lesson: IPO = scam 99.9% of the time. At least in Altcoinland.