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Author Topic: [WDC] Worldcoin | 3.0 Flirtatious Ant Released! | Multicoin architecture  (Read 407223 times)
Berzeck
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November 17, 2016, 03:20:28 PM
 #3301

Tough time for WDC. Since Poloniex exit,volume on BTC38 dropped much more than expected.As an act of complete desperation,someone who owned a lot of WDC,yesterday tried to fake volume buying and selling to himself 30 millions of WDC on BTC38.

WDC has good development team,but now it is obvious that trading on 2 or more major exchanges is necessary.

Also,huge problem is that major WDC owner(s)(this is case for some other coins too) tied up WDC destiny for DOGE.They piggyback WDC pump on DOGE pump.It was disastrous decision for coin,because DOGE is not dynamic coin,but it is the most static coin(now even more static than LTC).Now,when DOGE is in prolonged crisis(no doubt artificial one,to max. squeeze market),WDC almost came to oblivion.
 

I think that Poloniex removed WDC with trade  for lack of pump and dump.
They like the active movement trading.
In addition, the WDC is still relatively high inflation.
It is possible that at the end of next year when the award will be reduced for the miners, the situation will change..

If this does not happen, then developer have to change WDC network structure and switch to POS.
Otherwise, the entire network will be very unstable.
Small reward for miners and low price, this is a very dangerous combination.
This will mean that any big Asic miner who comes for the mining WDC almost immediately arrange the fork.
But let's not get ahead of ourselves, it is possible that a lot can still change..

WDC consistently is in the first spots of Network Hashing lists  http://www.coinwarz.com/cryptocurrency/?sort=hashrate&dir=desc,  it would do better if you do not consider merge mining, so the situation you describe is completely unlikely, so we can wait until an ultimate blockchain technology  emerges solving the scalabilty and security problems around.
Of course if problems start to show, then we will switch to an intermediate solution sooner.
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Berzeck
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November 17, 2016, 03:23:03 PM
 #3302


That wallet is confirmed to be the cold wallet of BTC38 exchange (http://www.btc38.com/trade/reserves_en.html) which implies 2 things:

- Our main market is China
- Many users own a portion of those coins
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November 18, 2016, 02:20:40 AM
 #3303

Tough time for WDC. Since Poloniex exit,volume on BTC38 dropped much more than expected.As an act of complete desperation,someone who owned a lot of WDC,yesterday tried to fake volume buying and selling to himself 30 millions of WDC on BTC38.

WDC has good development team,but now it is obvious that trading on 2 or more major exchanges is necessary.

Also,huge problem is that major WDC owner(s)(this is case for some other coins too) tied up WDC destiny for DOGE.They piggyback WDC pump on DOGE pump.It was disastrous decision for coin,because DOGE is not dynamic coin,but it is the most static coin(now even more static than LTC).Now,when DOGE is in prolonged crisis(no doubt artificial one,to max. squeeze market),WDC almost came to oblivion.
 


Hello!
If you check some graphs of WDC trading patterns on BTC38 (http://i.imgur.com/fvIhgbF.png)  you will notice that Poloniex had absolutely no effect in the volume nor in the price trend, which to be honest surprised us too! The important thing is that as you can easily see, the long term trend hasn't changed ( from May 2015 when Worldcoin Global was in charge), WDC is slowly but surely gaining value.

Now about fake volume:  indeed, it seems that the huge volume of previous days is fake (at least a big chunk of it) but this is the strange thing:
 - When you fake volume you do it mostly for bots to reaction, they are not targeted for people. So many bots are programmed to start buying if they notice  that many sell orders are being bought; the reverse is also true, bots start selling if many buy orders are being filled (this pattern is seen in common stock market too) hence the big pumps or dumps that we see on daily basis
In this case the fake volume was on the selling side, so the organization that started the fake volume expected for bots to sell (not to buy), that of course didn't happen so it seems that we have formed a new base at 0.05 yuans aprox.
Which is excellent news.

I do not understand the correlation you found with DOGE, please check graphs  from  the address above, it does not directly correlate with DOGE price nor volume


You have to remove this 40M WDC volume pick and expand volume chart to see it more clearly.It is true that price trend didnt change,but volume did go 30-35%(average daily volume) down.It was expected,because now WDC is on only one major BTC exchange and many arbitrage bots and traders dropped out.

Correlation between DOGE and WDC pumps can be easily seen on DOGE/BTC and WDC/BTC charts(sadly removed recently),but it can be seen on CNY charts too if you look on max.prices peaks during pumps.Max WDC and DOGE prices occured at exactly same days during 2 last DOGE pumps in May 2015 and January 2016.Slight difference is for pump in Sep.2014.It cant be accidentally,because I found same pattern for few more coins QRK,MEC,XPM...Explanation can be that people who pump DOGE pump also WDC and few other coins(they literally took over these coins and control theirs price) or the ones who pump WDC waits for DOGE pump and piggyback WDC pump with profit from DOGE.More likely it is first option.Problem with this is that big coin like DOGE can maintain prolonged 1 year price downtrend and have good trading volume,but small coins like WDC cant,because investors have plenty of other coins with more frequently significant up/down price fluctuations.





 
Berzeck
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November 19, 2016, 12:46:29 PM
 #3304


You have to remove this 40M WDC volume pick and expand volume chart to see it more clearly.It is true that price trend didnt change,but volume did go 30-35%(average daily volume) down.It was expected,because now WDC is on only one major BTC exchange and many arbitrage bots and traders dropped out.

Correlation between DOGE and WDC pumps can be easily seen on DOGE/BTC and WDC/BTC charts(sadly removed recently),but it can be seen on CNY charts too if you look on max.prices peaks during pumps.Max WDC and DOGE prices occured at exactly same days during 2 last DOGE pumps in May 2015 and January 2016.Slight difference is for pump in Sep.2014.It cant be accidentally,because I found same pattern for few more coins QRK,MEC,XPM...Explanation can be that people who pump DOGE pump also WDC and few other coins(they literally took over these coins and control theirs price) or the ones who pump WDC waits for DOGE pump and piggyback WDC pump with profit from DOGE.More likely it is first option.Problem with this is that big coin like DOGE can maintain prolonged 1 year price downtrend and have good trading volume,but small coins like WDC cant,because investors have plenty of other coins with more frequently significant up/down price fluctuations.

http://i.imgur.com/IMvB7f2.png

Before a mini peak there is always a stabilization period where the  price finds a new hard base, this period is low volume of course, the 3rd period is before Poloniex and the fourth period is after Poloniex, there is no noticeable volume impact between periods, and both periods have much more volume than may 2015 when the price bottomed and Worldcoin Global took control

About correlation: may 2015 BTC also went through a mini pump so many coins mini pumped too. The interesting period is Jan 2016, but that doesn't prove direct correlation between the 2 coins because statistically speaking the pattern should match in a lot more points,  It just can be an external factor (some Chinese news, maybe some scrypt ASIC got delayed and so on) that should not be confused with a statistic direct correlation

Nevertheless I strongly suggest that you keep finding these points of interest because it could be prove useful for the future. Good work!
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December 04, 2016, 07:22:56 PM
 #3305

@Berzeck

Huge WDC fan from the beginning  Cool

Curious if you could provide a vision for 2017? What plans are there for tech releases as well as market integration?

Thanks,
john

Berzeck
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December 05, 2016, 06:20:07 PM
 #3306

@Berzeck

Huge WDC fan from the beginning  Cool

Curious if you could provide a vision for 2017? What plans are there for tech releases as well as market integration?

Thanks,
john

Hello!
We will release this month another version with more coins supported (delayed as always Cheesy )

* Next year we should have 4 release 2 big ones and the other 2 will be about polishing.
* In the first big release we will integrate a decentralized chat system that will be used not only for chatting and integrating the few people left in our community  but for other  important things like official support (this is very important item because it will be needed for 2nd big release)
* After this one there will be an intermediate release which will be about polishing and adding small features
***  2nd Big release with SURPRISE feature

After 2nd big release a polishing iteration will be made.
And we will finally be ready to start marketing WDC
hanksBTC
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December 05, 2016, 06:30:52 PM
 #3307

No more issues right now. The balance showed up nicely and its running without problems. Only the regular sync is extremely slow.
Shall see if the long term investment in WDC pays up in future Hopefully so. I am willing to wait as many years as it takes Smiley

Holding coin or tokens for long term should be rewarding especially when the coin has a good team behind it. It's worth to hold and i wish you the best!

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synthgauge
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December 05, 2016, 06:42:43 PM
 #3308

No more issues right now. The balance showed up nicely and its running without problems. Only the regular sync is extremely slow.
Shall see if the long term investment in WDC pays up in future Hopefully so. I am willing to wait as many years as it takes Smiley

Holding coin or tokens for long term should be rewarding especially when the coin has a good team behind it. It's worth to hold and i wish you the best!

BTS, too, was supposed to be worth a bux. Im now getting easily inflamed when someone mentions long-term, and murdering my nippels with a vise as punishment for being too delusional about coin picks.
Berzeck
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December 05, 2016, 07:34:43 PM
 #3309

No more issues right now. The balance showed up nicely and its running without problems. Only the regular sync is extremely slow.
Shall see if the long term investment in WDC pays up in future Hopefully so. I am willing to wait as many years as it takes Smiley

Holding coin or tokens for long term should be rewarding especially when the coin has a good team behind it. It's worth to hold and i wish you the best!

Thank you very much for your comment!

Berzeck
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December 05, 2016, 07:46:52 PM
 #3310

No more issues right now. The balance showed up nicely and its running without problems. Only the regular sync is extremely slow.
Shall see if the long term investment in WDC pays up in future Hopefully so. I am willing to wait as many years as it takes Smiley

Holding coin or tokens for long term should be rewarding especially when the coin has a good team behind it. It's worth to hold and i wish you the best!

BTS, too, was supposed to be worth a bux. Im now getting easily inflamed when someone mentions long-term, and murdering my nippels with a vise as punishment for being too delusional about coin picks.

Hello, I completely understand the feeling (current team were WDC investors in the early days after all), the problem is that many coins offer (explicitly or implicitly ) a development model that 'assure' rapid price growth path, of course they all fail sooner or later; most people want to follow BTC steps and became a millionaire after night (wouldn't this be great?) which reinforces this vicious circle.

We have another way of doing things, we are first building the pieces, no pumping, no marketing no nothing until we are satisfied with a differentiated product and then slowly start promoting our progress while we continue build more and more pieces that will complete our vision.

My point is that our plan is intrinsically long term, we do not use(abuse?) the word just developing random features and hoping that sooner or later someone will start buying huge amounts of WDC by pure chance.

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December 24, 2016, 12:06:11 AM
 #3311

Coinitrage.com Arbitrage Firm now accepts WDC!



Live chat support is now available on-site to WDC users, or forum support is also available on our BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=1725963.0

Please note that while we offer services with WDC, we are not directly affiliated with the developers of the coin. Please read our Terms of Service before using the Coinitrage Arbitrage Platform!
EBK1000
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December 24, 2016, 10:57:55 PM
 #3312

Coinitrage.com Arbitrage Firm now accepts WDC!



Live chat support is now available on-site to WDC users, or forum support is also available on our BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=1725963.0

Please note that while we offer services with WDC, we are not directly affiliated with the developers of the coin. Please read our Terms of Service before using the Coinitrage Arbitrage Platform!
Guys, THIS IS A SCAM, do not use!! You have been warned, cheap HYIP scam.

Soooooooon...............
shveicar
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December 30, 2016, 10:56:00 AM
 #3313

Who knows why stop WDC trade on the exchange btc38.com?
http://www.btc38.com/trade_en.html?btc38_trade_coin_name=wdc


Diamond The best investment in your future! ✧ it's 35% POS and 65% Msternode ✧
bitkokos2
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December 30, 2016, 11:11:19 AM
 #3314

Which is the wdc pool with most hashrate?
crackfoo
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December 30, 2016, 01:50:56 PM
 #3315

Which is the wdc pool with most hashrate?

we have ~40% of WDC last 100 blocks... www.zpool.ca

Cheers

thunderjet
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December 31, 2016, 12:47:06 AM
 #3316

Who knows why stop WDC trade on the exchange btc38.com?
http://www.btc38.com/trade_en.html?btc38_trade_coin_name=wdc




WDC has been removed (alonged with Quark and BILS) from BTC38 CNY trading,due to extremely low volume of trading in 2 consecutive weeks.They put WDC in low volume BTC trading pairs (WDC/BTC).I hope so they will not remove WDC completely.

http://www.btc38.com/news/2016/12/12963.html

http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=wdc
shveicar
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December 31, 2016, 11:33:11 AM
 #3317

Who knows why stop WDC trade on the exchange btc38.com?
http://www.btc38.com/trade_en.html?btc38_trade_coin_name=wdc




WDC has been removed (alonged with Quark and BILS) from BTC38 CNY trading,due to extremely low volume of trading in 2 consecutive weeks.They put WDC in low volume BTC trading pairs (WDC/BTC).I hope so they will not remove WDC completely.

http://www.btc38.com/news/2016/12/12963.html

http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=wdc

Yes thank you. I can see this information.
It is a pity if they will remove WDC with trades.
But I hope that this is a temporary solution..

Diamond The best investment in your future! ✧ it's 35% POS and 65% Msternode ✧
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January 07, 2017, 09:59:34 AM
 #3318

WDC delisted from Bter: https://bter.com/article/11868
bitcoin8980
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January 19, 2017, 02:54:05 PM
 #3319


That wallet is confirmed to be the cold wallet of BTC38 exchange (http://www.btc38.com/trade/reserves_en.html) which implies 2 things:

- Our main market is China
- Many users own a portion of those coins

china is a second super power now a days called in the world and this countery never comple us to speak lie before its users.
shveicar
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January 20, 2017, 10:57:36 PM
 #3320

Current problem for WDC is that almost all the coins that are now mined Asic miners immediately sold for btc.
If you look at the capitalization:



We see that it continues to gradually decline along with the price.
The only reasonable way out of this situation, is the introduction of POS system that would provide income for the owners of large WDC and keep their coins in their wallets in exchange for a fair reward.
I know that many people still are not supporters  of POS & POW hybrid system, but the current market shows that for altcoins this system more viable than pure POW.

Here's a simple example - if you're the owner of a terminal, or receiving services for POS payment coins that you earn income from running on your PC wallet.
You support the network, creating a stable node and your costs of maintaining the system, partially offset by the POS revenue.

If we talk about the future for the WDC, this hybrid POS & POW system will change the attitude of investors to WDC and help  to stabilize the market.

Diamond The best investment in your future! ✧ it's 35% POS and 65% Msternode ✧
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