Which coin you would rather have? A coin with limited mintage or a coin with unlimited mintage and why?

Hello,


What are your thoughts on the coin(s) that have unlimited money supply? Discuss!!!

What makes you think so?

Do you realistically believe LTC and BTC will keep on the rising trendline?
Did you know, that BTC used to cost like 0.01 USD so you can calculate how much it has already risen.

If BTC price will not go to this way, it will eventually die in a way or another.
The smart people calculates the probabilities for this kind of growth and makes his conclusions.

My draw my conclusion to slowly change my BTC to WDC... The price of WDC has dropped together with BitCoin price - so in this sense it is a good moment to start hoarding WorldCoins while/as long they are still cheap.

Actually WorldCoin community is feeling a lot of empathy towards people who lost money in Mt. Gox.
We were expecting also Scharmbeck taking WDC to 0.077 quite fast, however Scharmbeck made more or less the same thing Mt. Gox did to BTC community.
Now we need to waite somebody comes to make us WDC/USD exchange. This will make WDC price skyrocketing because people know where is the value.
WorldCoin price seem to be stabilized and yes, there is a lot of volatility - but I guess people in BitCoin community has also used to a lot of volatility. These low prices just makes WDC even more appealing. 

Indeed there is a big problem of the price denominated with dollars and a bitcoiner willing to pay with bitcoins.

As mentioned before, when the prices are all over determined with dollars and given the volatility of bitcoin, the pack of gum costs in bitcoins today 0.0015 BTC and perhaps tomorrow/a few days from now 0.003 BTC or 0.0001 BTC.
The solution here is of course the mass adoption of BTC when BTC is truly more wide-spread. However, the issue of mass-adoption is the problem of chargeback issue which is a huge threat of bitcoin given the long block time and thus even the first confirmation takes so long. I can buy a car and waite 1 hour for confirmation but how about if I am paying my groceries? I doubt the other customers will like to waite longer in queue - also the staff costs of merchant skyrockets when they can serve max. 6 customers/hour. It offsets the advantages of low cost transactions.
Definetely faster coin is needed for everyday transactions. It should not be too fast though because of high creation of orphan blocks and thus network security issues. The optimum is about 30 seconds - it is not too long time to waite and it is secure enough to have the first confirmation.

There are a few coins that are worth to be studied further.

I am not here to making people to come to WorldCoin because I will sell all my coins when the price goes up 25 %.
Actually, I am not going to do that.
I see WorldCoin has true potential to be a currency, the rise in price will come along with WDC being the true currency. That is the whole point of me promoting.
I am open - yes I have bought coins because I believe in this coin (if I believed in some other coin I would own it). I do not own any remarkable amount of bitcoins currently because of the reasons I mentioned here earlier.

I understand that the millionaires that were resulted from the rise of bitcoin are perhaps not so interested in making more money - they might have relatively comfort life with their fiat they got from selling their bitcoins.

I know there are a lot of trolls and people promoting "their own coin" - but the WorldCoin is different from those other alts in the sense of market segmentation. The most other altcoins are very niche coins, but WorldCoin is more global.
Actually I was talking to the WorldCoin Facebook-page administrator and he told me one surprising fact on WorldCoin: 40 % of the page likers are females!!! This is very good news if this trend goes on because WorldCoin is becoming truly global currency both males and females.

In my opinion, WorldCoin deserves to be mass adopted. If there are any coin enthusiasts that want to develop the coin, I welcome You to our community. Perhaps you do not go "all-in" which is a smart move. I think the best strategy is to buy little by little or mine the coin.
The coin has very good technical specks but it is not mass adopted yet. If you want to join us to make this coin available for the masses, then please join us. The coin has the potential to be accepted by the merchants because it has so fast confirmation time and therefore the risk of chargeback is irrelevant.

The longer the downtrend takes, the closer the bottom is.
First, how can something go 3 times low? My mathematics teacher told me that when something goes 100 % down, it goes to 0.
From this kind of misunderstanding I assume the writer is no older than 12 years old writing some manipulative stuff for the coin owners to sell the coins to Hazard who is hunting for cheap WorldCoins because he and the other trolls here know where the value is.
The coin's downtrend has been stabilized recently (of course it moves daily a bit up and down like anything), but the overall trend has changed or stabilized.
WorldCoin is the fastest currency giving the confirmations within 30 seconds without excessive amounts of orphan blocks. Therefore WorldCoin is the best cryptocoin on marketplace and therefore deserves much higher price than today. This is the most important driver that will take the price to another level.

Definetely I agree, the biggest disadvantage with bitcoin is the extremely slow confirmation.
There is always a risk of chargeback if you do not get even 1 confirmation.

Therefore, the merchants will not take bitcoin as their mean of payment (of course they take it if they are ignorant to this disadvantage or their business doesn't need fast ocnfirmation - for example buying a lamborgini - I can waite 5 hours in a shop if the seller wants enough confirmation but if I am buying groceries, there is no way I am willing to waite 10 minutes to get the first confirmation).

For these everyday transactions, the coin should have fast confirmations (not too fast though because too much speed causes orphan blocks).
WorldCoin is optimal - it can be seen as Bitcoin 2.0 and it is decentrilized (the difficulty is low enough for mining without large mining entities).
The money supply is fixed just like with bitcoin.
The transition from bitcoin to WorldCoin is extremely easy (however you need to prepare around 1 hour for this because it takes time to move bitcoins).
Just open an account to altcoin exchange (cryptsy, vircurex etc), transfer bitcoins, waite around 1 hour until bitcoins arrives and buy worldcoins and transfer them to your WorldCoin wallet - it will not take that long. 

Inflation is bad for currency as a store of value. I guess the non-inflationary property of BTC is its strength. That's why WDC has also taken this feature by limiting the Coin supply.

However, at the current state I am quite worried about BTC's future - one of the main drivers of this coin is its decentrilized property due to mining around the world. Now however, I am worried about the current trend of mining centralizing more and more.
This enables the governements to take bitcoin down. This same trend is the threath of all the bitcoinlike cryptos. However, the point with me is to find the best crypto currently available and the coin that has low enough difficulty so that the mining can be truly decentralized.

This is why it is the time to start transfering your bitcoins to the WorldCoins. The good thing is that you do not need to sell your bitcoins for fiat-crab but you can directly buy WorldCoins from the exchanges (Vurcurex, Cryptsy, some China-based exchanges etc).
By the way, currently WorldCoin is gaining much popularity in China - do you remember what happened to bitcoin when China started to get interested into it?

The WorldCoin is moving nicely.
This digital Gem has defitenely all the opportunities ahead.
The target price is 0.077 BTC but honestly I believe we go beyond this.
Why?
The answear: People start dumping bitcoin as they note the superiority of WorldCoin and the WorldCoin owners know this - they will not be so much willing to trade their precious WDCs for bitcoins.
Bitcoin is good but it just takes eternity to get even the first confirmation. Therefore there is a threath in bitcoin for merchants is chargeback. With WDC there is no this kind of threath and therefore WorldCoin is going to take the cryptoworld over.
There are faster coins than WDC, why they are not good? The answear: They leave tons of orphan blocks and therefore their network is extremely vulnerable.

WorldCoin has fixed money supply and only 15 % of the coins are minted so you guys are relatively early adopters if you jump in the wagoon right now.
There is extremely bright future with the coin.

I was aware of this page even when I jumped into the coin.
All it says that somebody has control of 400 000 WDC (compare with Satoshi Nakamoto having 1 000 000 BTC) and that Scharmbeck didn't come to existence. I think many poor bitcoiners lost money in Mt Gox as well. So, WorldCoin community has great empathy on BTC community - especially towards those who lost money in Mt Gox (those who invested in Scharmbeck fee shares of Scharmbeck lost money because Scharmbeck was a failure).

The all time low of WDC is 20 satoshi if I am not mistaken. Do your diligence, the Scharmbeck is not WorldCoin - it could have been a good service for WDC users but it was a disasters for those who invested in it.
This site has a lot of misinformation - I am sure the most people here are smart enough to do the research and find that this page is full of lies. I challenge you to study for yourself.

However, I am not willing to lead this conversation to this direction because this is all about the WorldCoin taking over the crypto-world - not some businesses that failed. We are looking to forward but learning from our previous mistakes.

I am going to answear here more questions and if you guys want to start discussing about the Scharmbeck, I can give you a link to where you can have discussion what is it and what happened. It is not the topic here however.


As a coin worldcoin is not more or not less a scam coin than any other crypto such as BTC or LTC. Personally I consider a coin as a scam coin if the money supply is unlimited (such as some cryptos or USD or euros or yuans or yens or pounds etc.)

The facts/action plan for WDC investor are as follows:

1) Buy low tons of coins and climb up on the ladders of WDC Rich List
2) When the price is rising, keep on buying. As obvious, you cannot afford to get as many coins as you would get lower prices. But hey, you are increasing your share of the total coin supply and be much better of when BTC is replaced with WDC.
3) Do not sell too early. In fact, sell when the coins are almost minted (it will take some years from the current levels).

I think it is around the bottom.
All the bad news are now in the prices. Of course it is possible, it goes a little lower from these levels but it is very unlikely. Just count your probabilities and buy as much as you can lose. Remember, some people can afford to loose more than others.
It is not right way to measure WDC price movements based on the last November. We are going to see the new all time high. The progress of getting official WorldCoin Alliance is progrssing currently. I want to emphasize that WDC is not equaling to WDC alliance. The alliance is a separate entity that supports the WDC growth and offers the platform to be in touch with the developers.
New people are in charge positions in the new Alliance and there are exciting times ahead.
The odds to win with WDC are quite high and the odds to lose are minimal (if you stick your plan and don't sell when the trolls are screaming: "bad coin, bad coin, sell your coins to me!!! Sell the crab to my arms, bad coin bad coin!"

Please do not believe in the internet trolls. Their motive to scream such things is that they can screw the cheap coins from the fools who trust them and start selling when you should be buying like a mad cow.

Just bought a few WorldCoins 'cause they were cheap.
The future looks quite promising with WorldCoin.

Now the situation is, that WDC is among the top coins - the first confirmation is done within 30 seconds only as I have mentioned here.
I have heared that there are some other coins making fast confirmations as well (faster than WDC). However, they have one major problem that is not solved - the mass creation of orphan blocks.
So, technically WDC is actually optimal coin.

On Christmas time I saw, as someone earlier mentioned, that WDC might correct a little bit. Those days the coin cost 0.00065 BTC, today the coin costs 0.00022 BTC. Check yourself from the historical charts.

Just like with bitcoin, there is a lot of volatility with WDC - so invest only the amount of money that you are able to loose. Some people can afford to loose more and some people cannot afford loose that much. It is very personal thing, but I think it is time to start the transistion.
For long term and "frozen wallets" it doesn't really matter how much did you pay for WDC - the rule in economics goes that the forex rate is determined by the relation in money supply. The relation between the total money supply between BTC/WDC is 0.077.
This means, at the some point the equilibrium rate must be achieved and until that the rate is a bargain.
The reason for the current bargain is, that WDC is still quite young coin (launched in May 2013) and it has still space to grow but if you are doing this long term (read: in cryptoworld I speak almost eternity - 3-5 years) then you are going to not only preserve your wealth but increase it.
Today it is relatively easy to get to the top 10 WorldCoin Rich List. 

But when there is less mining, the network is more vulnerable.
The coin need to be rewrding to miners as well so that the miners feel mining appealing and profitable enough to mine.

I do not want those.
The only coin I have is WorldCoin.
I suggest for you to find an exchange that will trade earth coins to bitcoins and then you can trade the bitcoins to worldcoins in exchanges such as Vircurex or Cryptsy (however, cryptsy is not a good place - they might loose some of your coins).
Vircurex is a stable exchange - they even pay interest on the coins if the number of WDC exceeds 10k in Vircurex.

If we are honest, we all know that the best coin now is still WorldCoin.

The name is global, fast confirmations and limited money supply so it is very appealing store of value.

Can't you see my point here?
The price of bitcoin has to go to astronomical heights from the current levels (I do not personally think this kind of growth is not realistic anymore).
I have to admit that BitCoin has done better than I would have dreamed in my wild dreams when I first heard about bitcoin around 2010-2011.
I wouldn't believe it will go this high (I thought actually that it might go maximum 100 USD in the best case).
I am astonished as it hit 1200 USD.
However, the difficulty increases after the competition which makes the mining unprofitable. There is no incentive to mine the coin. It is worth of considering.
BitCoin community is counting too much on people willingess to pay for the ability to pay something. To be honest, in this case at least personally I would pay with WorldCoins that has very fast confirmation time (to reach the first confirmation it takes only 30 seconds).

I am bringing you guys the best opportunity I have found (I have studied LTC and BTC and a few more unknown altcoins).

All you guys keep saying "the death of BTC is impossible" or "the death of BTC happens when there is Armageddon" etc.
I know, it is very hard to get rid of the coin that you have been loving for so long time. I know that you guys feel so attached to your bitcoins or litecoins. I feel you guys. However, this is not a smart and rational move. You should not feel towards the coin similar emotions you feel towards your wife or girlfriend (or boyfriend/husband).
I understand the pride behind you guys having the coin that has been performed so well. Actually there is nothing wrong being happy when you have been doing the right move when the majority is holding dollars.
However, do not let the pride be the obstacle to embrace the new coin to your portfolio.