[WDC] Worldcoin | 0.17.1 Released! | AuxPoW w/ LWMA diff algorithm. Resync Req.

[Kergekoin]

Hi,

After 2 years i installed wdc again. How do i restore my wallet from .dat file? The new wallet doesnt seem to have this option.
 

[1715037991]

1715037991

[Berzeck]

Hello!
The easiest way is:
1) [Optional] If you do not know where is your blockchain located you can run WBC and open Daemon  Settings component. The variable Data Directory points to the desired location. Close the application!
2) Close Worldcoin Business Center (if running)
3) Copy your old wallet.dat where your blockchain resides (Step 1)
4) Execute Worldcoin Panel again and wait until sync is finished

NOTE 1: If you want to sync real fast, when running the installer choose expert mode and in the final stages there will be an option to download the latest blcokchain (2 GB)
NOTE 2: We do not support the option to import directly because address reuse is strongly discouraged for security reasons (The same applies with BTC, LTC and most others).

Hope you like new application!

[Kergekoin]

Is there a simple wallet available? Thats all i need.
That WBC GUI looks like crap btw. At least under Windows OS- its horrible. The windows  are not snapping, the resize bar has only drag option, the curved edges do not fit in to sharp edges area. The menu dot colors are not harmonic and look bad, the icons are visibly too low resolution, the tooltip bubble is hard to read because of grey text in yellowish background is the worst idea ever ... etc
Please hire some graphics specialist who actually knows how to design a GUI of an application.

[Berzeck]

Sorry to hear that's the case in your computer! sadly the wallet needs opengl 3.0 enabled cards (driver maybe needed), so the video card takes care of rendering (as every application should these days) therefore giving a lot more CPU power for validating. and doing other important stuff
Hiring is out of the question of course it doesn't make sense for a volunteer project, but we are welcoming volunteers.
Everything is designed so designers can change everything they want without knowing C++, everything is scriptable so it will make easier for people to make it look like he/she wants
We are switching to native windows in next, next  version so some of the issues you are experiencing will disappear
Gladly for us most users liked it!

[Berzeck]

Sorry to hear that's the case in your computer! sadly the wallet needs opengl 3.0 enabled cards (driver maybe needed), so the video card takes care of rendering (as every application should these days) therefore giving a lot more CPU power for validating. and doing other important stuff
Hiring is out of the question of course it doesn't make sense for a volunteer project, but we are welcoming volunteers.
Everything is designed so designers can change everything they want without knowing C++, everything is scriptable so it will make easier for people to make it look like he/she wants
We are switching to native windows in next, next  version so some of the issues you are experiencing will disappear
Gladly for us most users liked it!

Also, as my work colleague points out, its a very good sign that the only issues found for thousands of lines of scratch new code are just about GUI usability issues, very happy to hear that's the case . Thanks!

[Kergekoin]

Those are the "issues" i discovered in first 10 minutes of using the wbc. I checked the opengl drivers and have the latest installed. So its still some compatibility issue using win10/gtx960.
Do you know what is the average sync time from 0 blocks? I left mine opened overnight and its 28% synced. Has no one in the world yet discovered the way how to get wallets sync faster (download less data for sync)?

[Berzeck]

Those are the "issues" i discovered in first 10 minutes of using the wbc. I checked the opengl drivers and have the latest installed. So its still some compatibility issue using win10/gtx960.
Do you know what is the average sync time from 0 blocks? I left mine opened overnight and its 28% synced. Has no one in the world yet discovered the way how to get wallets sync faster (download less data for sync)?

In the installer you can choose expert mode and download whole chain without effort (at last steps) properly hashed

Can you post screenshot please? Thanks!

After that you can just download old wallet from our site, its perfectly compatible and its very simple as you requested, we were extremely careful to maintain compatibility in case some people don't like new GUI; please do so!

EDIT: I meant to post a screenshot of the issues you are experiencing

[Kergekoin]

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

[Berzeck]

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

Very glad to hear Kergecoin! Regular sync  speed is an active target
After next release, I will ask some advice on the GUI so maybe you can help me with that? I want the wallet be perfect and good looking before going to other coins forums (the ones we support and that we will support like ltc, dogee in our multicoin architecture) and asking opinions, maybe we are able to lure some of them , after all most people think WDC is dead so it will be a nice surprise when we leave semi stealth mode


Thank you very much for your comment

[Kergekoin]

My brother is a professional graphics designer. Some of hes work can be seen here You can find him in skype by his name.
DIGIT was my own experiment with cryptocurrencies, but since i launched it too late (the mass explosion of new currencies was already began) i just abandoned the coin a few months later, due lack of interest.

[Berzeck]

My brother is a professional graphics designer. Some of hes work can be seen here You can find him in skype by his name.
DIGIT was my own experiment with cryptocurrencies, but since i launched it too late (the mass explosion of new currencies was already began) i just abandoned the coin a few months later, due lack of interest.

It would be amazing if you and your brother could join the team!
My Skype nick is Berzeck, please contact me directly if you and/or your brother are willing to help us

[thunderjet]

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.
 

[shveicar]

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..

[Kergekoin]

https://bitinfocharts.com/worldcoin/address/WgUcTKexjqZa9KAzob5STzi43rPECDytQ5

More than 45% of all coins...

[shveicar]

https://bitinfocharts.com/worldcoin/address/WgUcTKexjqZa9KAzob5STzi43rPECDytQ5

More than 45% of all coins...

It's a good.
Becouse then there is an investor who has a far-reaching plans, and it is unlikely he will throw so much money into the wind, with no thought-out development strategy for the future.

[Berzeck]

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 (https://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

[Berzeck]

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.

[Berzeck]

https://bitinfocharts.com/worldcoin/address/WgUcTKexjqZa9KAzob5STzi43rPECDytQ5

More than 45% of all coins...

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

[thunderjet]

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 (https://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]

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.

https://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!