Bitcoin Forum
December 15, 2017, 09:41:35 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 [107] 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 ... 174 »
  Print  
Author Topic: [WDC] Worldcoin | 3.0 Flirtatious Ant Released! | Multicoin architecture  (Read 407371 times)
Thorgrim
Sr. Member
****
Offline Offline

Activity: 336


View Profile WWW
January 10, 2014, 01:15:43 AM
 #2121

Can I get a source on that?

The source is between your ears  Wink

It is a theoretical problem though.

It is like saying when I make millions on WDC I will have lots of taxes to pay.....  What a great problem to have!

If we ever get to the point where the blockchain can't handle it what will WDC be worth at that point? and how great is the incentive at that point to solve the problem?

I am not going to either discard or adopt a coin just because it could have a flaw or came up with a solution to a problem that doesn't exist yet. For example QRK. 5 levels of encryption great! Has anyone broken the encryption on other coins yet? Nope.

I am looking for real results right now. Not some promise that in the future our coin will be better. BTC has proven that a coin doesn't have to be technically superior to have superior value.

1513374095
Hero Member
*
Offline Offline

Posts: 1513374095

View Profile Personal Message (Offline)

Ignore
1513374095
Reply with quote  #2

1513374095
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513374095
Hero Member
*
Offline Offline

Posts: 1513374095

View Profile Personal Message (Offline)

Ignore
1513374095
Reply with quote  #2

1513374095
Report to moderator
toknormal
Legendary
*
Offline Offline

Activity: 1470


View Profile
January 10, 2014, 01:26:31 AM
 #2122

If we ever get to the point where the blockchain can't handle it what will WDC be worth at that point? and how great is the incentive at that point to solve the problem?

There will be no incentive because there won't be a problem. The blockchain is not a cash register and will never be used en-masse to support point of sale payments in any crypto currency. That isn't it's purpose.

So whether a coin has a 30 second or 10 minute transaction time is irrelevant to it's suitability for use at the point of sale in a retail (in shop or online) environment.
gudmunsn
Sr. Member
****
Offline Offline

Activity: 336



View Profile
January 10, 2014, 03:13:57 AM
 #2123

Worldcoin is mentioned on MSNBC! 1:29 and 3:30:

http://www.msnbc.com/the-cycle/watch/cashing-in-on-bitcoin-111318083837

Thorgrim
Sr. Member
****
Offline Offline

Activity: 336


View Profile WWW
January 10, 2014, 06:02:22 AM
 #2124

If we ever get to the point where the blockchain can't handle it what will WDC be worth at that point? and how great is the incentive at that point to solve the problem?

There will be no incentive because there won't be a problem. The blockchain is not a cash register and will never be used en-masse to support point of sale payments in any crypto currency. That isn't it's purpose.

So whether a coin has a 30 second or 10 minute transaction time is irrelevant to it's suitability for use at the point of sale in a retail (in shop or online) environment.


I can tell you right now that I would hesitate to use a 3rd party to handle all transactions. Why pay the fees and give up anonymity for a little convenience. Sort of defeats the purpose of cypto's to begin with. Although I can see 3rd party being used for petty transactions like coffee or fast food where even 1 minute is too long to wait.

hash.so
Full Member
***
Offline Offline

Activity: 126


View Profile
January 10, 2014, 07:40:30 AM
 #2125

I hate pool spam as much as the next guy. But ours is different but lacking miners, so please give it a go!

https://wdc.hash.so/

* EU and US stratum servers!
* 0% pool fee!
* vardiff
* PPLNS
* Fast servers
* Professional server admin (no downtime)

Point your miners at:
stratum+tcp://pool-eu.hash.so:1337/
stratum+tcp://pool-us.hash.so:1337/

And switch the coin from the frontend. It's very nice, you will like it Smiley

Pool support thread here

Hash.so mining pools with easy coin switching! vardiff, pplns, and 0% fee (1% default donation). Come join us! Smiley
Currently we have 40 scrypt coins and adding new ones all the time.
Support/request thread here.
toknormal
Legendary
*
Offline Offline

Activity: 1470


View Profile
January 10, 2014, 09:31:39 AM
 #2126

I can tell you right now that I would hesitate to use a 3rd party to handle all transactions. Why pay the fees and give up anonymity for a little convenience. Sort of defeats the purpose of cypto's to begin with. Although I can see 3rd party being used for petty transactions like coffee or fast food where even 1 minute is too long to wait.

Retailers usually don't have a choice.

They support whatever payment methods they have to attract customers. If the choice is between paying a 2% transaction fee or loosing 10% of your customers then they pay the 2% fee. On the other hand, they could start to offer discounts for crypto currency payments handled by one of the crypto-payment processors like Bitpay, Coinbase or Scharmbeck.

In that case, we could see a gradual migration to crypto-currency transactions and away from the traditional payment processors, at which point Visa and Mastercard etc will simply start making corporate acquisitions of crypto-currency payment processors and support those type of payments in addition to their existing services.
Sagefit
Member
**
Offline Offline

Activity: 84


View Profile WWW
January 10, 2014, 10:27:09 AM
 #2127

Check out the Worldcoin translation project here  http://translate.worldcoinfoundation.org/

btc1210
Full Member
***
Offline Offline

Activity: 140


View Profile
January 10, 2014, 06:12:39 PM
 #2128

Is the block chain available for download, rather than waiting for the wallet to do it.
MijntjeGoud
Member
**
Offline Offline

Activity: 112


View Profile
January 10, 2014, 06:15:22 PM
 #2129

Check out the Worldcoin translation project here  http://translate.worldcoinfoundation.org/

That looks good!
LeoC
Full Member
***
Offline Offline

Activity: 154


View Profile
January 10, 2014, 06:21:43 PM
 #2130

Worldcoin sure is shooting up in the marketplace.
Thorgrim
Sr. Member
****
Offline Offline

Activity: 336


View Profile WWW
January 10, 2014, 06:26:19 PM
 #2131

I can tell you right now that I would hesitate to use a 3rd party to handle all transactions. Why pay the fees and give up anonymity for a little convenience. Sort of defeats the purpose of cypto's to begin with. Although I can see 3rd party being used for petty transactions like coffee or fast food where even 1 minute is too long to wait.

Retailers usually don't have a choice.

They support whatever payment methods they have to attract customers. If the choice is between paying a 2% transaction fee or loosing 10% of your customers then they pay the 2% fee. On the other hand, they could start to offer discounts for crypto currency payments handled by one of the crypto-payment processors like Bitpay, Coinbase or Scharmbeck.

In that case, we could see a gradual migration to crypto-currency transactions and away from the traditional payment processors, at which point Visa and Mastercard etc will simply start making corporate acquisitions of crypto-currency payment processors and support those type of payments in addition to their existing services.


Those are some good points.

I was at the farmers market recently and that would be a place where vendors could definitely benefit from crypto's. They already do a lot of cash business but still need to accept credit/debit

One person I know there said she was paying like $150 + 3% to have a debit/credit card machine. Sounds like highway robbery. She doesn't make a ton of money. Fees that high really cut into her bottom line. She could accept payment in WDC on her phone for free.

If companies like Visa and Mastercard get into this game they are going to have to be much more competitive and user friendly. Both the Merchants and the customers are tired of getting robbed and some of us are tired of having everything we do tracked and traced.

I am actually considering living without a bank account or credit card. We are getting close to where you can work around having them if you are debt free.

Thorgrim
Sr. Member
****
Offline Offline

Activity: 336


View Profile WWW
January 10, 2014, 06:27:37 PM
 #2132

Is the block chain available for download, rather than waiting for the wallet to do it.

http://worldcoinforum.org/topic/1078-faster-worldcoin-blockchain-download/

Thorgrim
Sr. Member
****
Offline Offline

Activity: 336


View Profile WWW
January 10, 2014, 06:31:51 PM
 #2133

Worldcoin sure is shooting up in the marketplace.

WDC is definitely striving ahead in offering services and being user friendly for the whole world.

I am surprised that hasn't been reflected in the price yet.

Eventually people will stop chasing after the fad of the week and figure it out.

LeoC
Full Member
***
Offline Offline

Activity: 154


View Profile
January 10, 2014, 06:56:34 PM
 #2134

Well I'm convinced, I'll be investing in WDC.
Thorgrim
Sr. Member
****
Offline Offline

Activity: 336


View Profile WWW
January 10, 2014, 07:23:19 PM
 #2135

Well I'm convinced, I'll be investing in WDC.

I noticed you changed your post.

That constant selling you were talking about isn't just a problem faced by WDC. Many coins are struggling with it. It is caused by the large number of miners that will mine any profitable coin and dump it immediately for cash. They aren't looking for future value or an investment they just want to pay off their equipment and electricity costs and make a short term profit

Basically when BTC is making drastic moves many investors take a wait and see approach. They don't want to risk investing when the markets are in turmoil. But while they are sitting on the sidelines the auto-sellers are putting constant downward pressure and any profitable coin. That is what we have been seeing the last few weeks.

I wrote a bit more about this problem here: http://worldcoinforum.org/topic/1120-multipools-autosell-the-bane-of-wdc/

LeoC
Full Member
***
Offline Offline

Activity: 154


View Profile
January 10, 2014, 07:30:49 PM
 #2136

I agree with you. Autosellers and multipools ruined the altcoin market.
Then you have to consider that most coin investors don't have the same experience as say a stock investor.
Lots of weak hands and people trying to make lunch money.
vaelrock
Sr. Member
****
Offline Offline

Activity: 295


View Profile
January 10, 2014, 07:34:51 PM
 #2137

Well I'm convinced, I'll be investing in WDC.

I noticed you changed your post.

That constant selling you were talking about isn't just a problem faced by WDC. Many coins are struggling with it. It is caused by the large number of miners that will mine any profitable coin and dump it immediately for cash. They aren't looking for future value or an investment they just want to pay off their equipment and electricity costs and make a short term profit

Basically when BTC is making drastic moves many investors take a wait and see approach. They don't want to risk investing when the markets are in turmoil. But while they are sitting on the sidelines the auto-sellers are putting constant downward pressure and any profitable coin. That is what we have been seeing the last few weeks.

I wrote a bit more about this problem here: http://worldcoinforum.org/topic/1120-multipools-autosell-the-bane-of-wdc/


You can see autosell from another angle. It can be the most efficient way to invest in promising coins too.

If you use a multipool to always mine the most efficient coin at an instant t, and directly sell those gathered coins, you will make the most BTC possible at this precise time. Mining WDC/FST/DOGE/other that are less efficient could be seen as a gamble on there future, but guess what ? you can directly use your BTC gained from multipool to invest in the coins you believe in, while mining others.

If you have 2 coins, A and B, and the coin B is 2x more profitable than the coin A, but you believe in the future of the coin A, you have 2 choises :
- mine the coin A, and get x amount of it
- mine the coin B, then buy 2x amount of coin A

But it's true than the majority of miner just look at direct ROI without looking at the markets evolution, and without investing in promising coins.
vaelrock
Sr. Member
****
Offline Offline

Activity: 295


View Profile
January 10, 2014, 07:43:50 PM
 #2138

I agree with you. Autosellers and multipools ruined the altcoin market.
Then you have to consider that most coin investors don't have the same experience as say a stock investor.
Lots of weak hands and people trying to make lunch money.

It's not the autosellers or multipools that really ruined the altcoin markets, it's the altcoins themselves.
The problem of diff retarget jumps is known since multiple months, and every half smart coder should perfectly know that a coin that is just starting (without any large and stable hashrate like LTC/WDC/FTC/...) will suffer from multipools. Multipools are a logical consequence of poorly designed recent coins that copy/paste the original bitcoin code, and as such are unavoidable.
You can't blame multipools users to try to get the most out of their rigs. It's a free market, there's a big crisis out there, it's human. You perfectly know it (I've read a lot of your post in the catcoin forum).

There is very simple ways to stabilize the diff and make a new altcoin interesting, efficient, and stable in diff. But none of the recent altcoins use them.
binaryclock
Full Member
***
Offline Offline

Activity: 238


View Profile WWW
January 10, 2014, 08:02:25 PM
 #2139



WDC.DEDICATEDPOOL.COM

Benefits of Mining on DEDICATEDPOOL.COM

  • Backups every 30 minutes of the databases and wallets to protect your mining endeavours.
  • Full 24/7 support available at admin@dedicatedpool.com
  • Mine interrupted - dedicated servers w/redundancy, DDoS protection.
  • Trustworthy admins who care about your experience and mining.

Mining Information

  • Custom stratum/mpos environment
  • Vardiff enabled
  • PPNLS payout system
  • Everything is transparent - blocks, donations, fees.

DEDICATEDPOOL.COM
LeoC
Full Member
***
Offline Offline

Activity: 154


View Profile
January 10, 2014, 08:10:53 PM
 #2140

Ouch, those aren't miners. Those were some heavy ass sells. My fears are confirmed, people just don't want to let this rise.
Pages: « 1 ... 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 [107] 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 ... 174 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!