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

[Thorgrim]

Kind of worried about the value of wdc at the moment! Seems to be going down every day and ive lost quite alot since i invested in it :/ Is it worth holding or should i just sell and get out?

You could say that about any of the top ten coins except bitcoin the last 2-3 weeks.

What's going on is that some of the hype and panic buying hysteria has worn off but the multipools and autosellers at cryptsy continue to sell into the market. All the people who bought rigs the last month that want to pay there hardware back are still going to mine and dump. Regardless of price.

This is effecting almost every coin right now.

[1713491527]

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[1713491527]

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[Thorgrim]

I just wonder what advantage has worldcoin and scharmbeck comparing to bitcoin and bitpay. Is there any? Bitpay confirms payments very quickly and together with bitcoin and its community it is much much much more developed and established than scharmbeck.

So there is only room for Visa? Mastercard and American express shouldn't bother competing?

One big advantage Worldcoin has over Bitcoin is that if I don't want to use a 3rd party processor for a transaction it is still fast. Gives me more room to keep anonymity without sacrificing performance.

[Thorgrim]

I may very well be wrong, but I'm becoming less confident in WDC.  At this point in time, there just isn't enough interest in it. Everyone knows what 's coming, but hardly anyone is investing? For me that shows a huge amount of skepticism. Have Scharmbeck outlined any marketing plans for launch?

What I have heard is that there are marketing plans but they won't come into effect until beta testing is over. No point in trying to advertise to the general public when they can't use your product yet.

Looks like beta testing has been going well though and may be cut short.

[Jes159]

What I have heard is that there are marketing plans but they won't come into effect until beta testing is over. No point in trying to advertise to the general public when they can't use your product yet.

Looks like beta testing has been going well though and may be cut short.

Yeah I guessed that was probably the case, just couldn't find any information on it. Wasn't sure if they had outlined plans for investors in Scharmbeck. Certainly no point marketing something a month before release.

Thanks for the reply.

[rednalexa]

Kind of worried about the value of wdc at the moment! Seems to be going down every day and ive lost quite alot since i invested in it :/ Is it worth holding or should i just sell and get out?

I'd say hold! If you get out now I promise you will hate yourself in a year or 2 x)
This is the time to buy!

[RapidBalls]

As a true believer in WDC you should not sell for some years, there are few coins we support on RapidBalls, WDC is one we have supported from the start.

The dev team is amazing, the community is focused and the brand is solid.

Those looking for overnight success join the pump and dumps on other coins, those wanting coins that actually have a value and are respected hold or add WDC to your selection.

thanks

RB

[hash.so]

I would like to get more miners on our WordlCoin pool, please join us:

https://wdc.hash.so/

* EU and US stratum servers!
* 0% pool fee!
* vardiff
* stratum on port 80 and 443, which helps if you are behind a firewall
* PPLNS
* Fast servers
* Professional server admin (no downtime)


Same user/pass/workers work for all of our pools!

Point your miners at:
stratum+tcp://pool-eu.hash.so:1337/
stratum+tcp://pool-us.hash.so:1337/
(or port 80/443 if you are behind a firewall)

And switch the coin from the frontend. It's very nice, you will like it

Pool support thread here

[Baleinium]

I too have wondered about the seeming lack of PR from the WDC team, but I figure they're waiting until the Scharmbeck release. It's actually quite refreshing to have a coin that favours development before pumping every little trivial thing. I'm not going to mention any names, but I think we all knew a few coins where the only things people talk about is the next media appearance. "We'll be mentioned on Keiser on the 24th, and someone talked about us in the comment on a CNN article!! Prices are sure to rocket now!" etc etc. Then when you look at what projects these coins have going they're  usually non-existent. In view of this I applaud the WDC developers for wanting to have something substantial to promote before going all crazy with the PR stuff.

[Speedie]

Two big dumps on Cryptsy in the last hour, the last one dropping price from 44 - 40 in a few seconds. There's a 70BTC sell wall at 48800 too. Did I miss some bad news, or are people really so undisciplined when exiting a big position?

[meade16]

Two big dumps on Cryptsy in the last hour, the last one dropping price from 44 - 40 in a few seconds. There's a 70BTC sell wall at 48800 too. Did I miss some bad news, or are people really so undisciplined when exiting a big position?

Yeah I noticed that also, I've been mining this on one of my rigs, stopping for now.

[Speedie]

Two big dumps on Cryptsy in the last hour, the last one dropping price from 44 - 40 in a few seconds. There's a 70BTC sell wall at 48800 too. Did I miss some bad news, or are people really so undisciplined when exiting a big position?

Yeah I noticed that also, I've been mining this on one of my rigs, stopping for now.

It's nothing that would stop me from mining and accumulating WDC, I'm in it for the long haul. It just seemed odd and I wondered if there was some negative news. Looks like a "whale" had no idea how to profitably exit a position. Their loss <shrugs>.

[Jes159]

I have a question for any of you that may know - how vulnerable is Worldcoin to a 51 attack? Bitcoin is in real danger of it in my opinion due to the big pools. I had a look around, but all I could find were promises of an advanced check pointing system after the last 51 attack. Has this been implemented?

[Thorgrim]

Scharmbeck has been keeping this quiet. Until now.

https://www.facebook.com/photo.php?fbid=185125898363786&set=a.167927156750327.1073741828.136558323220544&type=1&theater#

[Thorgrim]

http://www.worldcoinwatch.com/

http://www.wdcboard.com/

http://wdchash.com/

A few more tracking websites for those of you interested.

[infofront]

I've been questioning WDC a lot lately too. It seems the entire future of WDC is based on Scharmbeck and a few other qualities that virtually all alt coins have now (fast transaction times, large supply, etc. Soon, I don't know if even Scharmbeck will be much of an advantage, as cryptsy should be accepting USD at any time.

[RapidBalls]

I've been questioning WDC a lot lately too. It seems the entire future of WDC is based on Scharmbeck and a few other qualities that virtually all alt coins have now (fast transaction times, large supply, etc. Soon, I don't know if even Scharmbeck will be much of an advantage, as cryptsy should be accepting USD at any time.

Personally, WDC is not about Scharmbeck. WDC is about focusing a coin in a direction and the team behind WDC is focused.

Scharmbeck gives WDC an edge towards other alt coins.

It shows they are focused on what other coins are not, they are not looking to 'join' an exchange with fiat, they are creating one.

This is a different show!

thanks

RB

[iampingu]

I've been questioning WDC a lot lately too. It seems the entire future of WDC is based on Scharmbeck and a few other qualities that virtually all alt coins have now (fast transaction times, large supply, etc. Soon, I don't know if even Scharmbeck will be much of an advantage, as cryptsy should be accepting USD at any time.

Personally, WDC is not about Scharmbeck. WDC is about focusing a coin in a direction and the team behind WDC is focused.

Scharmbeck gives WDC an edge towards other alt coins.

It shows they are focused on what other coins are not, they are not looking to 'join' an exchange with fiat, they are creating one.

This is a different show!

thanks

RB

Long time no speak RB. Hows it going.

[RapidBalls]

I've been questioning WDC a lot lately too. It seems the entire future of WDC is based on Scharmbeck and a few other qualities that virtually all alt coins have now (fast transaction times, large supply, etc. Soon, I don't know if even Scharmbeck will be much of an advantage, as cryptsy should be accepting USD at any time.

Personally, WDC is not about Scharmbeck. WDC is about focusing a coin in a direction and the team behind WDC is focused.

Scharmbeck gives WDC an edge towards other alt coins.

It shows they are focused on what other coins are not, they are not looking to 'join' an exchange with fiat, they are creating one.

This is a different show!

thanks

RB

Long time no speak RB. Hows it going.

get in touch sir

[infofront]

I've been questioning WDC a lot lately too. It seems the entire future of WDC is based on Scharmbeck and a few other qualities that virtually all alt coins have now (fast transaction times, large supply, etc. Soon, I don't know if even Scharmbeck will be much of an advantage, as cryptsy should be accepting USD at any time.

Personally, WDC is not about Scharmbeck. WDC is about focusing a coin in a direction and the team behind WDC is focused.

Scharmbeck gives WDC an edge towards other alt coins.

It shows they are focused on what other coins are not, they are not looking to 'join' an exchange with fiat, they are creating one.

This is a different show!

thanks

RB

Thanks.  I think I actually understand now. While all the other altcoins fight amongst themselves over peanuts, WDC is basically creating a direct competitor to BTC.

[Speedie]

I've been questioning WDC a lot lately too. It seems the entire future of WDC is based on Scharmbeck and a few other qualities that virtually all alt coins have now (fast transaction times, large supply, etc. Soon, I don't know if even Scharmbeck will be much of an advantage, as cryptsy should be accepting USD at any time.

Cryptsy having Alt > USD and USD > Alt trading isn't a deal-killer as far as the Scharmbeck piece of WDC is concerned. BTC has multiple BTC > USD markets available, but there's still a place for CoinBase (which I understand Scharmbeck is close to in terms of functionality) purely based on speed and convenience. Try getting USD from Mt.Gox after you sell BTC there    To the best of my knowledge, CoinBase is about the only way of getting direct BTC > USD funds into a bank account without involving various expensive third party processors and/or lengthy delays.

The piece that seems to be getting the least attention, and that should be getting far more, is the merchant tools. As a merchant myself I can tell you that the only crypto-currency that I would even consider accepting right now is BTC. Taking on the double exchange rate risk of Alt > BTC > USD is an absolute logistics nightmare. If Scharmbeck manage a smooth implementation of customer payment in WDC > known amount of USD > a daily sweep to the merchant's bank account via ACH, they will be far, far ahead of any other Alt including LTC. Yes, I know about CoinPayments.net, and it's a good service. It lacks that moment-of-sale conversion to USD and any facility for then transferring those USD to a bank account though, and that's what merchants need.

When the time comes, I hope that a great deal of emphasis will be placed on the zero chargeback / reversal risk for merchants and the absolute security for their customers. As both "friendly fraud" and stolen card databases become a more pervasive problem, it's a win/win for both parties. As a consumer, if your credit card number is stolen then it can be a massive headache. If your WDC wallet address is revealed...well...absolutely nothing happens.

That's without even getting into the reduced acceptance fees vs the standard 2-2.2% + $0.25 per transaction that merchants pay for credit card ecommerce transactions.