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

[psybits]

I'm following this - just because, well, why not 

[andruby]

Too bad he's taking a good name and not using it for something worthwhile. I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution. A noble goal, but unfortunately not realistic unless somebody has an idea of how that could work?

[phorensic]

In order for this altcoin to succeed you need to be a really shitty developer, you can't release binaries, and you need to fuck up the genesis block creation.

Jr member registered 2 days ago with 12 posts. I think we have it covered!

Sweet, I'm all in then.

[zacho56]

Love the concept. Sounds promising. Keep us updated 

[zacho56]

Too bad he's taking a good name and not using it for something worthwhile. I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution. A noble goal, but unfortunately not realistic unless somebody has an idea of how that could work?

I've thought of that concept as well. A coin where everybody starts out with a small amount, then mine to keep it going but still have that amount banked to distribute. Hmmmm

[Praxis]

WorldCoin
Jr. Member
Posts: 12

Seems legit.

[Praxis]

Too bad he's taking a good name and not using it for something worthwhile. I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution. A noble goal, but unfortunately not realistic unless somebody has an idea of how that could work?

Will every North Korean get one coin? Well, they will be ordered by the North Korean government to hand all their coins to Kim Jong Un, if the coin ever becomes valuable.
Will every Nigerian or citizen of Ghana get 1 coin, most of them don't even have access to computers?
And what will be it tied to? ID card? DNA? Fingerprint? How will you verify that?
And even if it were possible, a speculator who knows about cryptos would just buy milions of these who would be more than willing to sell it for $1.
In a poor country, $1 is a lot, so they would be more than happy to sell an abstract, "virtual" asset for something concrete like a loaf of bread.


Noble socialist idea, all warm and fuzzy, seem great at first, but when you employ logic and rationality always reveal their stupidity. Just like real life socialism (I lived in a socialist country for a short time).

[digitalindustry]

Too bad he's taking a good name and not using it for something worthwhile. I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution. A noble goal, but unfortunately not realistic unless somebody has an idea of how that could work?

that's easy everyone in the world just has to be here between 6 and 10 pm Eastern Standard Time. where upon the wealth of the world will be evenly distributed ! 

** we should shoot those that do not attend, as those capitalist pigs will be off pre-mining another more profitable coin!

[xan_The_Dragon]

Reserved

[mkmen]

So, what's exactly new about this coin? Faster transactions?
I assume it's another litecoin (scrypt) fork with soon to be bloated blockchain (and solves nothing in the end)?

[sidelsky18]

lol scam

I don't think you're in a position to insult other altcoins.

[Hazard]

Yay another crapcoin by another incompetent dev! Can't wait!

[andruby]

Too bad he's taking a good name and not using it for something worthwhile. I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution. A noble goal, but unfortunately not realistic unless somebody has an idea of how that could work?

Will every North Korean get one coin? Well, they will be ordered by the North Korean government to hand all their coins to Kim Jong Un, if the coin ever becomes valuable.
Will every Nigerian or citizen of Ghana get 1 coin, most of them don't even have access to computers?
And what will be it tied to? ID card? DNA? Fingerprint? How will you verify that?
And even if it were possible, a speculator who knows about cryptos would just buy milions of these who would be more than willing to sell it for $1.
In a poor country, $1 is a lot, so they would be more than happy to sell an abstract, "virtual" asset for something concrete like a loaf of bread.


Noble socialist idea, all warm and fuzzy, seem great at first, but when you employ logic and rationality always reveal their stupidity. Just like real life socialism (I lived in a socialist country for a short time).

Everyone would get one coin, also the North Koreans. They are humans too you know
But indeed, it's not possible to uniquely identify everyone and "give" them a coin.

If a speculator buys people's coins for 1$ than that's a good thing, they all got a dollar!

I know it's at the very extreme of socialism, but you have to admit the current distribution method where people with the most GPU power get the most wealth is kind of a big problem.. I hope we will see some innovation away from the "traditional" PoW.

[Hazard]

Yay another crapcoin by another incompetent dev! Can't wait!

I think we are close to the point when official clients will surely have trojans built-in.

I'm surprised this hasn't already happened, TBH.

[Hydroponica]

Bounty's=Pre-Mine?

[Mhash pipe]

WorldCoin
Jr. Member
Posts: 12

Seems legit.

+1

The day I download software from a member with 12 posts is the day I upload my credit card information to BTC-e

[shakezula]

Sorry Milkshake, your 15 minutes is up.

[Caesar V]

[markm]

GeistGeld has been running for years with 15 second blocks so it IS do-able, it just might choke up hard if it gets used a lot.

However so far there has not been much need for such fast block times so GeistGeld has just been humming along quietly in the background without seeing much use.

Maybe if there really is startign to be demand for fast blocks though GeistGeld use will pick up over the next while, and there will then be some incentive to update its code to use latest bitcoin code with the new database and so on.

-MarkM-

[e521]

Why not block 1s?

STOP!!!!