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

[pizza]

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 ...

Excellent point Praxis, especially in the world we live in, that path only leads to enslavement. It's one thing if we lived in a Utopian world and everybody shared. Even then equally sharing does not mean it's right.

You should support the person who is lazy while you go and bust your ass? The free market system is the best, you work hard you make more, and then you can freely give to whom you please. People who really need help not people who just want to mooch of the system.

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[syn999]

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.

dumbest idea ever heard

[pizza]

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.

Yeah seriously its crazy how those coins get anywhere which such complete crap. At least this one is trying to do something useful looks like someone took our advice for a fast coin and made it happen.

This has a better website than bitcoin and litecoin lol, and can be used for everyday transactions. It insane how some people come on here like they did on the CHN thread and make stupid comments "whats next 1 second?

The only reason I mined CNCcoin was for the transaction speed

Yes! These coins need to get to the point of instant transaction times like Credit Cards if we want them to become mainstream. The stupidity on forums amazes me sometimes.

What you want like a car with wheels that can travel 1000 times faster than a horse?

[Twerka]

Contests:

For everyone who makes this their signature:
 “Check out World Coin The Coin with Instant Transaction! Link to thread” , and posts on this thread will officially be entered to win a prize of 10 WDC's, 5 winners will be chosen every week.

Already changed my signature, let me know if I won.

[sdp]

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

Love the concept but:  How do you confirm that distinct people are actually getting the coin while you distribute it?  The best you could do is require passport IDs and have some agreement with embassies to confirm they are valid.  Then how do you securely deliver to the recipients?
If we limit ourselves to those with an Internet connection, then we could say one coin for each with an IP address.  Timekoin does this kind of thing.  This is not perfect either with ISPs moving to NATs to conserve the IP address space each has.

[fisheater]

where is the client? get ready to mine 

[fisheater]

Nice and beautiful website, this one is done by the professionals! 

[Foamy]

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

Love the concept but:  How do you confirm that distinct people are actually getting the coin while you distribute it?  The best you could do is require passport IDs and have some agreement with embassies to confirm they are valid.  Then how do you securely deliver to the recipients?
If we limit ourselves to those with an Internet connection, then we could say one coin for each with an IP address.  Timekoin does this kind of thing.  This is not perfect either with ISPs moving to NATs to conserve the IP address space each has.

what about a coin that has an amount of coins in circulation equal to the population of earth at any time in its life? The population is growing every day.

There is no way to distribute coins to everyone in the world, you might as well give up on that part.

[hendo420]

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

Love the concept but:  How do you confirm that distinct people are actually getting the coin while you distribute it?  The best you could do is require passport IDs and have some agreement with embassies to confirm they are valid.  Then how do you securely deliver to the recipients?
If we limit ourselves to those with an Internet connection, then we could say one coin for each with an IP address.  Timekoin does this kind of thing.  This is not perfect either with ISPs moving to NATs to conserve the IP address space each has.

what about a coin that has an amount of coins in circulation equal to the population of earth at any time in its life? The population is growing every day.

There is no way to distribute coins to everyone in the world, you might as well give up on that part.

wouldnt that mean you would have to create something like 7billion coins in the first day?

[Foamy]

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

Love the concept but:  How do you confirm that distinct people are actually getting the coin while you distribute it?  The best you could do is require passport IDs and have some agreement with embassies to confirm they are valid.  Then how do you securely deliver to the recipients?
If we limit ourselves to those with an Internet connection, then we could say one coin for each with an IP address.  Timekoin does this kind of thing.  This is not perfect either with ISPs moving to NATs to conserve the IP address space each has.

what about a coin that has an amount of coins in circulation equal to the population of earth at any time in its life? The population is growing every day.

There is no way to distribute coins to everyone in the world, you might as well give up on that part.

wouldnt that mean you would have to create something like 7billion coins in the first day?

Not first day. I would think more like a few million first day, maybe reach the 7bil mark within a few years and then keep up with the population of earth from there.

[mr_random]

I think this one has some promise. Looking forward to the launch.

- Decent coin name (this is big if the coin is ever going to go anywhere long term... coins like YAC are gonna struggle here)
- Solves a problem with cryptocurrencies with super fast transactions
- Has a professional looking website and a developer who is engaging with the forum and isn't hiding away

Still a lot of things that could go wrong, but so far so good.

Would love to see launch that doesn't end up being a farcical botch job.

[syn999]

I think this one has some promise. Looking forward to the launch.

- Decent coin name (this is big if the coin is ever going to go anywhere long term... coins like YAC are gonna struggle here)
- Solves a problem with cryptocurrencies with super fast transactions
- Has a professional looking website and a developer who is engaging with the forum and isn't hiding away

Still a lot of things that could go wrong, but so far so good.

Would love to see launch that doesn't end up being a farcical botch job.

everyone said same thing about elacoin？

[mr_random]

I think this one has some promise. Looking forward to the launch.

- Decent coin name (this is big if the coin is ever going to go anywhere long term... coins like YAC are gonna struggle here)
- Solves a problem with cryptocurrencies with super fast transactions
- Has a professional looking website and a developer who is engaging with the forum and isn't hiding away

Still a lot of things that could go wrong, but so far so good.

Would love to see launch that doesn't end up being a farcical botch job.

everyone said same thing about elacoin？

Yeah that is why I said a lot of things could still go wrong lol.

[vane91]

sincerely worldcoin team, 11 posts, registered 3 days ago. 

[dblink]

From Twitter:

WorldCoin ‏@WorldCoinWDC 1h
Launch Wednesday 5/14/13 between 6-10PM EST


First post says in 2 days. Then later in the post says Wednesday. Now twitter says Wednesday the 14th (which is Tuesday)

My confidence in this coin is totally sky high.

[fisheater]

this sounds like good one, at least from its professional website, as compared to the craps like FC2 (lol), I would like Bitcoin-2 better 

[hendo420]

I think this one has some promise. Looking forward to the launch.

- Decent coin name (this is big if the coin is ever going to go anywhere long term... coins like YAC are gonna struggle here)
- Solves a problem with cryptocurrencies with super fast transactions
- Has a professional looking website and a developer who is engaging with the forum and isn't hiding away

Still a lot of things that could go wrong, but so far so good.

Would love to see launch that doesn't end up being a farcical botch job.

I think that's why they gave a time range instead of a specific time. That way if there are problems there will be time to fix them and not have people bitching about it being late. lol

Pretty smart if you ask me.

[JohnyBigs]

From Twitter:

WorldCoin ‏@WorldCoinWDC 1h
Launch Wednesday 5/14/13 between 6-10PM EST


First post says in 2 days. Then later in the post says Wednesday. Now twitter says Wednesday the 14th (which is Tuesday)

My confidence in this coin is totally sky high.

It said almost 2 days, when this was posted almost 2 days is Wednesday, Big deal that they posted a wrong date on twitter. They have the best site out of all these other coins, if they even have one it seems. They have something innovative and new.

If that's it all it takes for you to not have confidence in things your world must be pretty darn scary.

[JohnyBigs]

this sounds like good one, at least from its professional website, as compared to the craps like FC2 (lol), I would like Bitcoin-2 better 

Yeah lol. We need someone to set up a pool at launch for small miners like myself.

[hendo420]

From Twitter:

WorldCoin ‏@WorldCoinWDC 1h
Launch Wednesday 5/14/13 between 6-10PM EST


First post says in 2 days. Then later in the post says Wednesday. Now twitter says Wednesday the 14th (which is Tuesday)

My confidence in this coin is totally sky high.

It said almost 2 days, when this was posted almost 2 days is Wednesday, Big deal that they posted a wrong date on twitter. They have the best site out of all these other coins, if they even have one it seems. They have something innovative and new.

If that's it all it takes for you to not have confidence in things your world must be pretty darn scary.

Yea I'm amazed some of those other coins are worth anything. CNC being a big one that had no site, no developer, no early announcement. A coins worth is based in the faith of the people, this one may have what it takes.