Praxis
Legendary
 Offline
Activity: 1118
Merit: 1004
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May 14, 2013, 04:13:21 PM |
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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. I don't agree. I think the current model is fair. Early adopter's advantage is fair. Someone who invests heavily or has the intelligence to invest early reaps rewards. I don't agree with the socialist perspective that everyone "should have" some - it's a violent perspective that deviates from what is logical, rational and natural ... |
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phorensic
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May 14, 2013, 04:17:03 PM |
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Sorry Milkshake, your 15 minutes is up.
Hi Mr. Shakezula. What do you think of my song? My name is shake zula, the mic rula, the old-schoola; you wanna trip? I'll bring it to ya.
Frylock and I'm on top; rock you like a cop. Meatwad you're up next with your knock-knock
Meatwad make the money see. Meatwad get the honeys G. Driving in my car, living like a star, ice on my fingers and toes and i'm a Taurus.
Cause we are the Aqua Teens, make the homeys say ho and the girleys want to scream.  What are the chances of a guy named Milkshake AND Shakezula in the same thread? |
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fisheater
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May 14, 2013, 04:22:32 PM |
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I like your picture, lol
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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May 14, 2013, 04:23:05 PM |
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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. Just follow theswede and you're ok... he would never jump on CNC created by guy with 6 posts or PWC created by guy who joined 6 days ago. Just do it and never have fears about consistency and lack of hypocrisy  |
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milly6
Legendary
Offline
Activity: 1632
Merit: 1010
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May 14, 2013, 04:27:55 PM |
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Difficulty: Retargets about 8 hours
Any altcoin which does not retarget on every block is outdated. Just wait once miners push difficulty to sky and then jump off the chain, it will end as badly as FTC and FRC. But, to be true, there is no need for Worldcoin. It would add nothing we haven't already seen or have available so spare your time and effort and just cancel the whole deal. feathercoin is chugging along just fine, just a hiccup in scrypt world. Frc is dead for its own political reasons (Helllo wheres my foundation???) |
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zacho56
Member
Offline
Activity: 84
Merit: 10
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May 14, 2013, 05:02:27 PM |
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Trying to access your site but it's not up?
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"I have a dream" - Martin Luther King JR
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oroqen
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May 14, 2013, 05:10:33 PM |
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I'm already getting Orphans on this?
but seriously whats the point in releasing another coin with just some parameter changes, the pump and dump well is dried up your going to have to do better than just change the numbers and hope people like it's name if you want it to be successful. what ever happened to white papers? are there any coins from the last 2 weeks with white papers? At the very least you could wait till at least one coin dies off completely
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Foamy
Member
Offline
Activity: 96
Merit: 10
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May 14, 2013, 05:17:37 PM |
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Bounty's=Pre-Mine?
did you read the first post in this thread? It clearly says, "We will be holding contests and bounties to help the coin grow. We will provide a WorldCoin address for miners to help donate into the Prize and Bounty Pool." So donations=bounty's... |
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runam0k
Legendary
Offline
Activity: 1092
Merit: 1001
Touchdown
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May 14, 2013, 05:34:48 PM |
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Well, there have been so many alt coin fails recently... ... people getting pretty tired of all the alts. HEY! Let's launch another alt coin! Now is THE perfect time!  I just wish they'd die quicker. I thought elacoin was DOA but it looks like there's a (very faint) pulse. Someone call it and pull the plug. FC2, PWC, Gamecoin, etc - what a waste of resources. The only good thing each new alt coin does is devalue and distract from the others (LTC included). |
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Foamy
Member
Offline
Activity: 96
Merit: 10
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May 14, 2013, 06:12:47 PM |
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Selling Bioshock infinite and Crysis 3 game codes for WDC.
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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May 14, 2013, 06:14:12 PM |
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15 second blocks.. and you expect every node in the "World" to be able to keep up?
Why not 15 minute blocks. Be real.
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ymer
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May 14, 2013, 06:19:05 PM |
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WTB 1000 WDC pm me
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hendo420
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May 14, 2013, 06:21:44 PM |
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I love the name.
Here's to a smooth release. Cheers boys.
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ebmarket.co
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dreamhouse
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May 14, 2013, 06:33:00 PM |
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nice name, i like it too  |
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Foamy
Member
Offline
Activity: 96
Merit: 10
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May 14, 2013, 06:42:01 PM |
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 My miners are ready and waiting.  |
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com911
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May 14, 2013, 06:55:05 PM |
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Scrypt?  |
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pizza
Member
Offline
Activity: 112
Merit: 10
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May 14, 2013, 06:56:12 PM |
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My miners are ready and waiting. This is what I tell people I do when they ask. Then they get confused when I tell them I Mine the internet. Bookmarked twitter since I don't have one haha. |
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pizza
Member
Offline
Activity: 112
Merit: 10
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May 14, 2013, 06:58:46 PM |
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Scrypt? Are you asking, or are you making a comment? Yes it's Scrypt. They should update it on the main post, but its on the website. |
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dooferorg
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May 14, 2013, 07:11:02 PM |
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Difficulty: Retargets about 8 hours
Any altcoin which does not retarget on every block is outdated. Just wait once miners push difficulty to sky and then jump off the chain, it will end as badly as FTC and FRC. But, to be true, there is no need for Worldcoin. It would add nothing we haven't already seen or have available so spare your time and effort and just cancel the whole deal. , just a hiccup in scrypt world. Frc is dead for its own political reasons (Helllo wheres my foundation???) LOL?/ what? it's CRAWLING as in nearly dead. Have you tried moving any FTCs recently? |
BTC: 1dooferoD3vnwgez3Jo1E4bFfgMf81LR2
ZEC: t1gnToN2HZW4GD52kofEVdijhRijWjCNfYi
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Foamy
Member
Offline
Activity: 96
Merit: 10
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May 14, 2013, 07:15:01 PM |
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This one is bound to succeed. I mean look at the name.
WorldCoin - All inclusive, everyone in the world.
Lets compare that to the other recent releases.
JunkCoin -Obviously Junk
Yacoin - Obviously Another coin... very creative... not.
Feathercoin 2 - really hazard? Drunk much?
Chinacoin - I avoid anything made in china
Elacoin - nice name but horrible launch.
So which sounds better and instills trust?
WorldCoin obviously.
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