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dadingsda (OP)
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September 26, 2014, 06:51:46 AM
Last edit: September 26, 2014, 07:04:14 AM by dadingsda
 #1

To all newbies.

THIS IS NOT A COIN!

EVERYBODY JUST READ THIS:

https://bitcointalk.org/index.php?topic=740526.msg8369704#msg8369704



IT´S A WORTHLESS RIPPLE IOU! Everybody can make an IOU on Ripple!


This scammer post the same shit every month.

https://bitcointalk.org/index.php?topic=763043.msg8609986#msg8609986


If you don´t believe me, ask in the Ripple-thread : https://xrptalk.org/  or here: https://forum.ripple.com/index.php?sid=363020d9322de6b4822e58e796f64edd


THIS IS A SCAM


Would be nice, if some members could support me against this shit.  I´m sick of the behavior in Cryptoworld. Only scammer and money,money money.  Where are the honest people?

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nutildah
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September 26, 2014, 08:30:41 AM
 #2

I feel you bro, however, society would have you believe:

Money is power and if something makes you money, it must therefore be good and you have the right to do it. And your personal value as a human being is directly dependent on the amount of money you have, regardless of how you obtained said money. Regardless of how many smoldering orphanages you leave in your wake, if you get fucking rich then fuck everybody else.

I think Jamie Dimon said that first.

Of course I don't believe it, you don't believe it, but that is the lesson our leaders would have us learn through examples set of late.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
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.. PLAY NOW ..
world-dollar
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October 05, 2014, 06:01:20 PM
 #3

To all newbies.

THIS IS NOT A COIN!

EVERYBODY JUST READ THIS:

https://bitcointalk.org/index.php?topic=740526.msg8369704#msg8369704



IT´S A WORTHLESS RIPPLE IOU! Everybody can make an IOU on Ripple!


This scammer post the same shit every month.

https://bitcointalk.org/index.php?topic=763043.msg8609986#msg8609986


If you don´t believe me, ask in the Ripple-thread : https://xrptalk.org/  or here: https://forum.ripple.com/index.php?sid=363020d9322de6b4822e58e796f64edd


THIS IS A SCAM


Would be nice, if some members could support me against this shit.  I´m sick of the behavior in Cryptoworld. Only scammer and money,money money.  Where are the honest people?

For readers of this thread, here is a copy of the response given to dadingsda in the main thread about World Dollar: http://bitcointalk.org/index.php?topic=795230.msg8981844#msg8981844

dadingsda is unfortunately confused about how Ripple (http://www.ripple.com) works.

---

The video is required to uniquely identify everyone. It prevents anyone from being able to claim 10,000 WLD more than once. And it means we respect people's privacy by not requiring more sensitive personal information such as a name, address, date of birth, etc. to be submitted.

There has not been a bad word said about World Dollar on https://forum.ripple.com/index.php?sid=363020d9322de6b4822e58e796f64edd and there has been a mixed reaction on https://xrptalk.org/

For instance, https://xrptalk.org/topic/3521-world-dollar/?hl=world+dollar

Raven 274: This seems somewhat ambitious to say the least, but at least they're using Ripple  Cheesy http://www.world-dollar.com/

Takio: Another conspiracy theory site Smiley But yeah, at least they are using Ripple  Smiley

brianwalden: I think it's an interesting experiment: What happens if you give everyone 10,000 units of currency? I wonder how they will make sure people don't make more than one claim for their allotment of world dollars?

AndrewSF: Kudos for trying something new!

... On the other hand, the problem is that there are many people, yourself included, dadingsda, who are confused by the point that something issued on Ripple can be valuable:

kwelstr: The question is, what is World Dollar backed by? They just posted a "giveaway" that I have temporarily hidden. If I claim the WLD and I want to take them to the bank, do they have backing? If not they are just a worthless IOU

brianwalden: My gut doesn't tell me they're trying to scam people. I think they believe in what they're doing and are trying to make it happen on a shoestring budget.

---

Technically, everything on Ripple is indeed an "IOU" (other than the native currency, XRP), and indeed WLD can be redeemed outside of Ripple, even if it is issued there in the first instance. It is similar to how XNF is issued as an "IOU" on Ripple, but can indeed be redeemed outside of Ripple. What confuses people even more is the idea that, hypothetically, a currency that can't be redeemed outside Ripple, e.g. XYZ, actually ceases to be an "IOU" on the Ripple platform, for XYZ is not actually held by the gateway for it to be transferrable elsewhere.

If you need more help on getting your head around Ripple, you might find support@ripple.com to be quite helpful.

On the point that "anyone" can issue an IOU on Ripple, the explanation is straightforward. Anyone can launch a new cryptocurrency. Anyone can launch any new currency for that matter. What is important is that people take it to be valuable. What World Dollar is based on is called the Equal Opportunity Standard. This is the idea that, since money is nothing but a social convention, the ultimate basis for money is for it to be issued to everyone, equally. The "barrier to entry" that prevents others from launching their own WLD is the massive investment of time and resources for it to gain traction, and eventually, global acceptance. If you set up your own gateway and issue WLD, without actually uniquely identifying everyone as Coin Autonomy and others will be doing, your version of WLD will be worthless. As we get bigger and bigger, the network effect increases in our favour, making it redundant to launch one's own version of WLD.
dadingsda (OP)
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October 05, 2014, 06:33:53 PM
Last edit: October 05, 2014, 06:55:38 PM by dadingsda
 #4

I´m not confused about Ripple, sorry man.  So ok, here we go:


You said:
.....and indeed WLD can be redeemed outside of Ripple, even if it is issued there in the first instance.

I say:
How? Where? And backed by?

You said:
What World Dollar is based on is called the Equal Opportunity Standard.

99,99% of world poulation say:
LOL


You said:
This is the idea that, since money is nothing but a social convention, the ultimate basis for money is for it to be issued to everyone, equally.

i say:
Remembers me when i was about 11yrs  5 yrs old EDIT - Damn i can´t stop laughing about this ...issued to everyone, equally ... WTF?!?!?!

You said:
The "barrier to entry" that prevents others from launching their own WLD is the massive investment of time and resources

I say:
So you guys (how many are you?) have a "massive investment of time and resources" ? - Which resources?

You said:
If you set up your own gateway and issue WLD, without actually uniquely identifying everyone as Coin Autonomy and others will be doing, your version of WLD will be worthless.

I say:
Sorry man, YOUR WLD is worthless!

You said:
Anyone can launch a new cryptocurrency

I say:
Anyone can launch a Ripple IOU! But cryptocurrency ( NO IOU!!) - ehhmmm no or not easy as an IOU. Try to launch a cryptocurrency and keep it alive for 6 months! - Never ever

You said:
The video is required to uniquely identify everyone. It prevents anyone from being able to claim 10,000 WLD more than once.

I say:
Are you kidding me? 1) You want a video and call it " Equal Opportunity" - hahahahaha Even for me it´s impossible because i have no chance to do this - NO CAMERA! And even if - i would never do.
2)It prevents nothing


And last thing:

You own how much coins?  7 billions x 10 000 coins = 70 000 000 000 000

Let´s say you find 1 million people (lol) you still own 69990000000000 coins............ LOL
and every single person                                                     10000    

And why should anybody trust you? You can give the coins to whom you want (with or without video, real or fake persons,...)


ps: i miss your old account:
https://bitcointalk.org/index.php?action=profile;u=366991;sa=showPosts

....WLD now has 2nd highest market cap after BTC ..... hahaha




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world-dollar
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October 06, 2014, 01:11:24 AM
 #5

I´m not confused about Ripple, sorry man.  So ok, here we go:


You said:
.....and indeed WLD can be redeemed outside of Ripple, even if it is issued there in the first instance.

I say:
How? Where? And backed by?

You said:
What World Dollar is based on is called the Equal Opportunity Standard.

99,99% of world poulation say:
LOL


You said:
This is the idea that, since money is nothing but a social convention, the ultimate basis for money is for it to be issued to everyone, equally.

i say:
Remembers me when i was about 11yrs   5 yrs old EDIT - Damn i can´t stop laughing about this ...issued to everyone, equally ... WTF?!?!?!

You said:
The "barrier to entry" that prevents others from launching their own WLD is the massive investment of time and resources

I say:
So you guys (how many are you?) have a "massive investment of time and resources" ? - Which resources?

You said:
If you set up your own gateway and issue WLD, without actually uniquely identifying everyone as Coin Autonomy and others will be doing, your version of WLD will be worthless.

I say:
Sorry man, YOUR WLD is worthless!

You said:
Anyone can launch a new cryptocurrency

I say:
Anyone can launch a Ripple IOU! But cryptocurrency ( NO IOU!!) - ehhmmm no or not easy as an IOU. Try to launch a cryptocurrency and keep it alive for 6 months! - Never ever

You said:
The video is required to uniquely identify everyone. It prevents anyone from being able to claim 10,000 WLD more than once.

I say:
Are you kidding me? 1) You want a video and call it " Equal Opportunity" - hahahahaha Even for me it´s impossible because i have no chance to do this - NO CAMERA! And even if - i would never do.
2)It prevents nothing


And last thing:

You own how much coins?  7 billions x 10 000 coins = 70 000 000 000 000

Let´s say you find 1 million people (lol) you still own 69990000000000 coins............ LOL
and every single person                                                     10000   

And why should anybody trust you? You can give the coins to whom you want (with or without video, real or fake persons,...)


ps: i miss your old account:
https://bitcointalk.org/index.php?action=profile;u=366991;sa=showPosts

....WLD now has 2nd highest market cap after BTC ..... hahaha





dadingsda, if you cannot write english properly, nor present any logical or coherent arguments, how do you expect people to take what you are saying seriously?

--

You are (thankfully) not employed by anyone associated with World Dollar, which means you do not have any information with which to make the assertion that people will not be able to use WLD outside of Ripple. Also, as explained in this thread on XRP talk: http://xrptalk.org/topic/4092-what-you-never-knew-about-ripple-it-can-actually-be-used-to-transfer-currencies-other-than-xrp-in-a-form-that-is-not-an-iou/, even if it was only based on Ripple, WLD is still a legitimate currency in its own right, capable of being used for payments and for trading with other currencies. There is no difference between the WLD currency and any other currency, in terms of monetary economics.

--

The idea that you could understand the concept of equal issuance as a 5 year old is a great strength of the World Dollar concept, not a weakness. This is similar to how, in the game of Monopoly, everyone starts off with an equal amount of money. The reason for this is that it is simply the most logical, fair way for money to be distributed in the first instance.

If you read: http://www.world-dollar.com/what-is-world-dollar/ it could be an enlightening, educational experience for you.

Here are some highlights:

2. How is Money a Social Convention?

Money is a social convention in the sense that it is not valuable in itself, but valuable because people agree to take it as valuable. It is a medium of exchange, a tool that allows us to trade with one another without having to resort to barter, which inefficiently depends on the double coincidence of wants.

3. Why is Equal Opportunity the ultimate basis for issuing money?

Equal opportunity when it comes to issuing money is guaranteed acceptance by virtually all of mankind.

This is because it appeals to the highest standards of morality. "We hold these truths to be self-evident, that all men are created equal".

It also appeals to the highest standards of economic reason. It rejects the idea that producers of money, i.e. producers of something that is not actually valuable in itself, should appropriate scarce resources from the other, productive members of society, i.e. producers of goods and services that are actually valuable.

Therefore, money that is issued on the basis of equal opportunity is virtually guaranteed to be taken as highly valuable.


---

Your conjecture that WLD is worthless has no grounds. Even now, when it is practically unheard of by almost everyone, it has been trading for between .01 BTC and .025 BTC. I reiterate, if you do not invest significant amounts of time and resources into your own (hypothetical) clone version of World Dollar, you have zero chance of competing.

--

I reiterate, yes, anyone can launch a cryptocurrency. I could personally set up a clone of bitcoin in under a day, it is all open source. It is entirely wrong and irrational to say something is worthless because it is based on Ripple. Take a read of the explanation in the XRP Talk forum, and also contact support@ripple.com if you are still confused. The reason why World Dollar was launched on Ripple, rather than with its own crypto coin, is because 1) Ripple transactions take 1 second, whereas it takes e.g. 1 hour to get 6 confirmations for btc, 2) it is far more convenient for the average person to use, 3) it does not depend on the wasteful, inefficient process of "mining".

--

The video does prevent anyone from being able to claim more than once due to facial verification. You are of course not forced to claim (equal "opportunity"), but you would be acting against your own financial interests in not doing so. You don't personally have to have a video camera in order to claim, you can instead use the video camera of a dependable 3rd party that you can trust. This is why it is indeed accessible to the entire world.

--

The issuing network is independently audited, which ensures that World Dollar issuance is reliable.

For every unique video submitted, there is a “snapshot” photo taken that is used for facial verification.
·        An auditor does not need to review that every video corresponds with a snapshot photo, but rather that a random selection corresponds.
Every unique “snapshot” photo correlates with a new issuance of 10,000 WLD.
·        An auditor does not need to match every photo with every issuance, but only to verify that the quantity of unique photos = the quantity of times that 10,000 WLD has been issued.

Note, of course, that a “solution” to this would be to require all videos to be public (and matches with an issuance of WLD) but it’s not worth it as there are a great many people who prefer that their videos are kept private.

--

As explained on our website, the market cap calculation takes 5 USD to be value of 10,000 WLD, and then this is multiplied by the approximate human population at the present time, 7 billion, to give 35 billion USD. Under this assumption, it is held that the total supply of WLD at this time is 70,000,000,000,000. However, please note that the amount of WLD that has actually been "claimed" by people at this time is nowhere near the level of 70,000,000,000,000, and so 35 billion USD is NOT a representative figure for the valuation of all WLD currently in circulation for the purpose of payments and trading. 
dadingsda (OP)
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October 06, 2014, 08:39:28 AM
Last edit: October 06, 2014, 09:19:44 AM by dadingsda
 #6

My english isn´t the best, i know. Anyway - let s talk in german. Oh you can´t speak german? 1:0 for me.....  But yeah, it shows what a "man" you are. I try my best and you can understand me, otherwise ask me - BUT TO SAY MY LACK OF ENGLISH IS A LACK OF INTELLIGENCE  is really snobbish inappropriate!



NO LINK PLEASE! I want answers!




I and Rpietila asked you: What makes it valuable? Why would somebody try to amass them?

And your answer is?

next:
q: And why should anybody trust you? You can give the coins to whom you want (with or without video, real or fake persons,...)

And your answer is?

you said:
Your conjecture that WLD is worthless has no grounds. Even now, when it is practically unheard of by almost everyone, it has been trading for between .01 BTC and .025 BTC.

LOL - you bought it for .01 and 0.25 BTC by yourself (or any dumbass) - so in fact its worthless!

Do you now LOVE Asset....?


You said:
nor present any logical or coherent arguments,.....

LOL - I do + a lot of questions you can´t answer!

you said:
The idea that you could understand the concept of equal issuance as a 5 year old is a great strength......

No, it shows how naive your idea is.......

you said:
The video does prevent anyone from being able to claim more than once due to facial verification.

No - it doesn´t! I can film hundreds of persons in a home for the aged, ask some schoolkids, friends,..... and keep the coins by myself (and if your WLD is worth something, a lot of people will do it - FOR SURE!)


And with sentences like:
3. Why is Equal Opportunity the ultimate basis for issuing money?

Equal opportunity when it comes to issuing money is guaranteed acceptance by virtually all of mankind.

This is because it appeals to the highest standards of morality. "We hold these truths to be self-evident, that all men are created equal".



WTF? What a bullshit! So if every person is equal you have to share your Worldcoin to EVERY SINGLE PERSON IN THE WORLD. To every new born baby, everyday. !??  What if you give out all your WLD - what´s up with the bayby´s tomorrow? Are they not equal?

Your monopoly example is bullshit. In monopoly every people starts with NOTHING (   material assets, early work !), the game start at the same point and ends after few hours. REAL LIFE ISN`T LIKE THIS!
 

LOL



You said:
I reiterate, yes, anyone can launch a cryptocurrency. I could personally set up a clone of bitcoin in under a day

LOL
Do it and try to run it for 6 months !

Don´t flee in links  - ANSWER MY QUESTIONS!


And ps: Your attempt to pose as a smart person fails. You show more and more your true face!


And last one:

No one in Bitcointalk (except the credulous newbies) want your "Coin" - WHY???    Grin

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