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

[pabloangello]

I think its a bad idea to change something that important in the middle of the coin production. It would bring more scam accusations and finger pointing in to WDC threads and forum.
I would be against it even tho i hold a lot of WDC.

DRK subsidy and total coins cut was done only to manipulate its price and make devs pot larger. Anybody who does some research, knows that what happened to DRK during its first days was not an accident, but a simple con job.

I totally agree but dilution is dilution.  Sure the pot of existing shareholders would grow bigger, but so would the pot of the smallest holder, by the same %.

So cutting the max cap is a fair way to increase the value of all shareholders, equally, without taking anything from anyone and without any monetary expenses.

It really is no different than a stock BuyBack which also raises the % ownership of all shareholders.

It was just a thought.  I own around 12,000 WDC coins which is very little.  But I would still like to see something done to any older coin which is sinking lower and lower while the new hyped coins get all the glory and unfair valuations.


Cheers!

Your 12k WDC will be worth at least 12k dollars in a few months. Just hold strong

can i ask why you think that

I was gonna ask the same thing but I didn't.  I think it's just the general optimism people have about their preferred coins.

It would be Great if he proves to be correct.  Even $1, that's a massive gain % wise.

It is one of the oldest coin that hasen't died. It is listen on the biggest markets like Chinese Bter.com Btc38.com and others like Vircurex and Cryptsy.
So when next Bitcoin bubble will come (and most certain it will) then the wave of newcomers will be much bigger than last year and first they will do after they will buy Bitcoin will be to clear sell orders of coins that will be avaliable on the biggest exchanges. WDC is among them. Olders players in crypto world are aware of that and slowly buy right now.
WDC has hit 100k Satoshis at the peak during last bubble so it was about 1 dollar.
Will it go so high again? I don't know because we have so many other altcoins but the thing is only few of them are traded on most of the biggest exchanges and this fact gives me the feeling that it can rise so much one more time.
This is my theory if the next Bitcoin boom will come. As you can see it doesn't apply only to WDC but for a several coins that community is still active and are traded together on coin limited Chinese markets and others markets.

[stevetrac]

I think its a bad idea to change something that important in the middle of the coin production. It would bring more scam accusations and finger pointing in to WDC threads and forum.
I would be against it even tho i hold a lot of WDC.

DRK subsidy and total coins cut was done only to manipulate its price and make devs pot larger. Anybody who does some research, knows that what happened to DRK during its first days was not an accident, but a simple con job.

I totally agree but dilution is dilution.  Sure the pot of existing shareholders would grow bigger, but so would the pot of the smallest holder, by the same %.

So cutting the max cap is a fair way to increase the value of all shareholders, equally, without taking anything from anyone and without any monetary expenses.

It really is no different than a stock BuyBack which also raises the % ownership of all shareholders.

It was just a thought.  I own around 12,000 WDC coins which is very little.  But I would still like to see something done to any older coin which is sinking lower and lower while the new hyped coins get all the glory and unfair valuations.


Cheers!

Your 12k WDC will be worth at least 12k dollars in a few months. Just hold strong

can i ask why you think that

I was gonna ask the same thing but I didn't.  I think it's just the general optimism people have about their preferred coins.

It would be Great if he proves to be correct.  Even $1, that's a massive gain % wise.

It is one of the oldest coin that hasen't died. It is listen on the biggest markets like Chinese Bter.com Btc38.com and others like Vircurex and Cryptsy.
So when next Bitcoin bubble will come (and most certain it will) then the wave of newcomers will be much bigger than last year and first they will do after they will buy Bitcoin will be to clear sell orders of coins that will be avaliable on the biggest exchanges. WDC is among them. Olders players in crypto world are aware of that and slowly buy right now.
WDC has hit 100k Satoshis at the peak during last bubble so it was about 1 dollar.
Will it go so high again? I don't know because we have so many other altcoins but the thing is only few of them are traded on most of the biggest exchanges and this fact gives me the feeling that it can rise so much one more time.
This is my theory if the next Bitcoin boom will come. As you can see it doesn't apply only to WDC but for a several coins that community is still active and are traded together on coin limited Chinese markets and others markets.

oh o.k no great insight just some wishful thinking (nothing wrong with that) . i hope you are correct but personally i feel most coins will just curl up and die off ,this latest rise in bitcoin (small i know) has not taken anything with it . the rise is just people getting out of small coins for bitcoin no new blood.

[jdebunt]

ppssssttt

http://www.cryptoarticles.com/crypto-news/worldfizz-the-crypto-beer-courtesy-of-worldcoin-alliance


Share!

[Kergekoin]

ppssssttt

http://www.cryptoarticles.com/crypto-news/worldfizz-the-crypto-beer-courtesy-of-worldcoin-alliance


Share!

Thats actually really cool! 

[RodrigoHenrik]

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[jdebunt]

Small new article!

http://www.cryptoarticles.com/crypto-news/1gdwc3lj5zmqb1p2nrugftbtq5kkb4

Please share

[MineP.it]

MineP.it WorldCoin Pool

Register now, if you haven't already done so, and prepare your workers get mining!

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[tins]

Small new article!

http://www.cryptoarticles.com/crypto-news/1gdwc3lj5zmqb1p2nrugftbtq5kkb4

Please share

WDC at an all time low, nice to see a positive article come out.

[randayh]

WorldCoin Devs,


265 million total coins is too much and unnecessary. 

The WDC devs should drop that max cap just like DarkCoin did (from 88 million down to only 22 million).

That would add instant value to all existing and future WDC buyers.

I don't know how many coins are out now but I would say drop the max cap down to sub 50 million coins.

Making WDC more rare and less dilutive is exactly like a corporation doing a stock BuyBack only Crypto Coins do NOT have to spend any money to Accomplish exactly the same thing by dropping their total coins and, if necessary, the inflationary mining subsidies as well.

I hold very little WDC but it's sad to see this once Top Coin evaporate without any plan or action to increase shareholder value. 

I hope the devs take my advice into consideration.


Regards!

Agreed. The coin is dying a slow death and this would be the only way to keep it alive.

[Oldminer]

WorldCoin Devs,


265 million total coins is too much and unnecessary.  

The WDC devs should drop that max cap just like DarkCoin did (from 88 million down to only 22 million).

That would add instant value to all existing and future WDC buyers.

I don't know how many coins are out now but I would say drop the max cap down to sub 50 million coins.

Making WDC more rare and less dilutive is exactly like a corporation doing a stock BuyBack only Crypto Coins do NOT have to spend any money to Accomplish exactly the same thing by dropping their total coins and, if necessary, the inflationary mining subsidies as well.

I hold very little WDC but it's sad to see this once Top Coin evaporate without any plan or action to increase shareholder value.  

I hope the devs take my advice into consideration.


Regards!

Agreed. The coin is dying a slow death and this would be the only way to keep it alive.

I'm not sure this is the way to go. 256m is not that much. Reducing the cap would raise the price in the short term but what does this do to the coin in the longer term? WDC still has a large community following and is still mined at a high rate. People shouldn't look at changing things simply because the price is down.

[Kergekoin]

I agree with Oldminer. WDC is good as it is. Price falls because theres a lack of demand. Not because supply cap it 265M.

[Vlad2Vlad]

I agree with Oldminer. WDC is good as it is. Price falls because theres a lack of demand. Not because supply cap it 265M.

So supply does not fit in with the lack of demand in any way?

Any idea why 42coin costs thousands of dollars for 1 coin?

I know, that's a tough question.

How about this one:  Do not inflation and dilution affect the price and value of ANY asset?

Not many economics or finance guys on these boards, that's for sure.

[Kergekoin]

I agree with Oldminer. WDC is good as it is. Price falls because theres a lack of demand. Not because supply cap it 265M.

So supply does not fit in with the lack of demand in any way?

Any idea why 42coin costs thousands of dollars for 1 coin?

I know, that's a tough question.

How about this one:  Do not inflation and dilution affect the price and value of ANY asset?

Not many economics or finance guys on these boards, that's for sure.

OK, "mr master economist".
Do yourself a favor and go read about what exactly is a "supply cap".

A small hint for you:
Coin production has nothing to do with a supply cap. They are not related in any way.


Seriously. You guys really need to learn the very basics before making silly posts in to public forums.

[randayh]

response from the community about removing the maxcap.

http://worldcoinforum.org/topic/2291-save-the-coin-drop-max-cap/

This coin is the real deal folks. The community is very strong after meeting such adversity over the last few months.

The are certainly not willing to sellout for short term profits. That says a lot about this coin!

[Vlad2Vlad]

I agree with Oldminer. WDC is good as it is. Price falls because theres a lack of demand. Not because supply cap it 265M.

So supply does not fit in with the lack of demand in any way?

Any idea why 42coin costs thousands of dollars for 1 coin?

I know, that's a tough question.

How about this one:  Do not inflation and dilution affect the price and value of ANY asset?

Not many economics or finance guys on these boards, that's for sure.

OK, "mr master economist".
Do yourself a favor and go read about what exactly is a "supply cap".

A small hint for you:
Coin production has nothing to do with a supply cap. They are not related in any way.


Seriously. You guys really need to learn the very basics before making silly posts in to public forums.

Bahahhahaaaa.

What an idiot.

So tell me, does massive dollar printing have anything to do with inflation (mining subsidy) and dilution (the max amount of dollars in the world)?

Numbnuts, do you even know what inflation is?  Dilution?  Any idea why corporations spends hundreds of billions on stock buybacks every year?

Any idea why the US $ is now worth only 3 cents?

It is EXACTLY because of inflation (high mining subsidy) and dilution (max cap).

I have a BS in economics and a BS in finance.

Stick to your homemade mining skills, shrimp.  

I barely hold any WDC so it makes little difference to me but I really hate hearing such mindless ignorance about basic high school economics.

Bryan Kelly, a rich Wall Street Money manager just cut the subsidy on NAUT to ZERO and the max [PoW] cap from 16 million to 4 million.  You think maybe he knows something?  Hahahaa!

And the other idiot who says this is a short term benefit.  Oh, the stupidity!  The cut in inflation and dilution are permanent therefore the benefits would also be permanent, thus long term.

[Kergekoin]

I agree with Oldminer. WDC is good as it is. Price falls because theres a lack of demand. Not because supply cap it 265M.

So supply does not fit in with the lack of demand in any way?
Any idea why 42coin costs thousands of dollars for 1 coin?
I know, that's a tough question.
How about this one:  Do not inflation and dilution affect the price and value of ANY asset?
Not many economics or finance guys on these boards, that's for sure.

OK, "mr master economist".
Do yourself a favor and go read about what exactly is a "supply cap".
A small hint for you:
Coin production has nothing to do with a supply cap. They are not related in any way.
Seriously. You guys really need to learn the very basics before making silly posts in to public forums.

Bahahhahaaaa.
What an idiot.
So tell me, does massive dollar printing have anything to do with inflation (mining subsidy) and dilution (the max amount of dollars in the world)?
Numbnuts, do you even know what inflation is?  Dilution?  Any idea why corporations spends hundreds of billions on stock buybacks every year?
Any idea why the US $ is now worth only 3 cents?
It is EXACTLY because of inflation (high mining subsidy) and dilution (max cap).
I have a BS in economics and a BS in finance.
Stick to your homemade mining skills, shrimp.  
I barely hold any WDC so it makes little difference to me but I really hate hearing such mindless ignorance about basic high school economics.
Bryan Kelly, a rich Wall Street Money manager just cut the subsidy on NAUT to ZERO and the max [PoW] cap from 16 million to 4 million.  You think maybe he knows something?  Hahahaa!
And the other idiot who says this is a short term benefit.  Oh, the stupidity!  The cut in inflation and dilution are permanent therefore the benefits would also be permanent, thus long term.

Quoting for fun until this ignorant actually learns what a coin cap is.
Im not going to bother explaining.

[Vlad2Vlad]

I agree with Oldminer. WDC is good as it is. Price falls because theres a lack of demand. Not because supply cap it 265M.

So supply does not fit in with the lack of demand in any way?
Any idea why 42coin costs thousands of dollars for 1 coin?
I know, that's a tough question.
How about this one:  Do not inflation and dilution affect the price and value of ANY asset?
Not many economics or finance guys on these boards, that's for sure.

OK, "mr master economist".
Do yourself a favor and go read about what exactly is a "supply cap".
A small hint for you:
Coin production has nothing to do with a supply cap. They are not related in any way.
Seriously. You guys really need to learn the very basics before making silly posts in to public forums.

Bahahhahaaaa.
What an idiot.
So tell me, does massive dollar printing have anything to do with inflation (mining subsidy) and dilution (the max amount of dollars in the world)?
Numbnuts, do you even know what inflation is?  Dilution?  Any idea why corporations spends hundreds of billions on stock buybacks every year?
Any idea why the US $ is now worth only 3 cents?
It is EXACTLY because of inflation (high mining subsidy) and dilution (max cap).
I have a BS in economics and a BS in finance.
Stick to your homemade mining skills, shrimp.  
I barely hold any WDC so it makes little difference to me but I really hate hearing such mindless ignorance about basic high school economics.
Bryan Kelly, a rich Wall Street Money manager just cut the subsidy on NAUT to ZERO and the max [PoW] cap from 16 million to 4 million.  You think maybe he knows something?  Hahahaa!
And the other idiot who says this is a short term benefit.  Oh, the stupidity!  The cut in inflation and dilution are permanent therefore the benefits would also be permanent, thus long term.

Quoting for fun until this ignorant actually learns what a coin cap is.
Im not going to bother explaining.

A max coin-cap is the maximum amount of potential dilution (total number of coins that will ever exist, hard coded in the source code)

Did I miss anything?  Please, do correct me.

Do you idiots think when new investors come in they don't look at the max cap cause it hasn't happened yet?

Hahaha.  Look at coins with low coin caps and very low subsidies as opposed to coins with massive max caps and massive subsidies, NOTICE any difference, any trends in price?

It's like I'm talking to retards.

I get it, you're all small-time Mickey Mouse miners and you don't want anyone to take away your easy mining subsidy. 

Talk about short-term thinking.

[Kergekoin]

I agree with Oldminer. WDC is good as it is. Price falls because theres a lack of demand. Not because supply cap it 265M.

So supply does not fit in with the lack of demand in any way?
Any idea why 42coin costs thousands of dollars for 1 coin?
I know, that's a tough question.
How about this one:  Do not inflation and dilution affect the price and value of ANY asset?
Not many economics or finance guys on these boards, that's for sure.

OK, "mr master economist".
Do yourself a favor and go read about what exactly is a "supply cap".
A small hint for you:
Coin production has nothing to do with a supply cap. They are not related in any way.
Seriously. You guys really need to learn the very basics before making silly posts in to public forums.

Bahahhahaaaa.
What an idiot.
So tell me, does massive dollar printing have anything to do with inflation (mining subsidy) and dilution (the max amount of dollars in the world)?
Numbnuts, do you even know what inflation is?  Dilution?  Any idea why corporations spends hundreds of billions on stock buybacks every year?
Any idea why the US $ is now worth only 3 cents?
It is EXACTLY because of inflation (high mining subsidy) and dilution (max cap).
I have a BS in economics and a BS in finance.
Stick to your homemade mining skills, shrimp.  
I barely hold any WDC so it makes little difference to me but I really hate hearing such mindless ignorance about basic high school economics.
Bryan Kelly, a rich Wall Street Money manager just cut the subsidy on NAUT to ZERO and the max [PoW] cap from 16 million to 4 million.  You think maybe he knows something?  Hahahaa!
And the other idiot who says this is a short term benefit.  Oh, the stupidity!  The cut in inflation and dilution are permanent therefore the benefits would also be permanent, thus long term.

Quoting for fun until this ignorant actually learns what a coin cap is.
Im not going to bother explaining.

A max coin-cap is the ...total number of coins that will ever exist, hard coded in the source code
<BS removed>

Finally.
Now go google the max cap of FIAT money and tell Yellen to cut the MAX_SUBSIDY in half, so you could long USD.
You have BS in economics and finance. You can do it.

[Vlad2Vlad]

I agree with Oldminer. WDC is good as it is. Price falls because theres a lack of demand. Not because supply cap it 265M.

So supply does not fit in with the lack of demand in any way?
Any idea why 42coin costs thousands of dollars for 1 coin?
I know, that's a tough question.
How about this one:  Do not inflation and dilution affect the price and value of ANY asset?
Not many economics or finance guys on these boards, that's for sure.

OK, "mr master economist".
Do yourself a favor and go read about what exactly is a "supply cap".
A small hint for you:
Coin production has nothing to do with a supply cap. They are not related in any way.
Seriously. You guys really need to learn the very basics before making silly posts in to public forums.

Bahahhahaaaa.
What an idiot.
So tell me, does massive dollar printing have anything to do with inflation (mining subsidy) and dilution (the max amount of dollars in the world)?
Numbnuts, do you even know what inflation is?  Dilution?  Any idea why corporations spends hundreds of billions on stock buybacks every year?
Any idea why the US $ is now worth only 3 cents?
It is EXACTLY because of inflation (high mining subsidy) and dilution (max cap).
I have a BS in economics and a BS in finance.
Stick to your homemade mining skills, shrimp.  
I barely hold any WDC so it makes little difference to me but I really hate hearing such mindless ignorance about basic high school economics.
Bryan Kelly, a rich Wall Street Money manager just cut the subsidy on NAUT to ZERO and the max [PoW] cap from 16 million to 4 million.  You think maybe he knows something?  Hahahaa!
And the other idiot who says this is a short term benefit.  Oh, the stupidity!  The cut in inflation and dilution are permanent therefore the benefits would also be permanent, thus long term.

Quoting for fun until this ignorant actually learns what a coin cap is.
Im not going to bother explaining.

A max coin-cap is the ...total number of coins that will ever exist, hard coded in the source code
<BS removed>

Finally.
Now go google the max cap of FIAT money and tell Yellen to cut the MAX_SUBSIDY in half, so you could long USD.
You have BS in economics and finance. You can do it.

Sadly, you missed the entire lesson.

[Kergekoin]

Sadly, you missed the entire lesson.

Well, anyone reading your posts can make their own judgements.
Signing out of this discussion. Good luck.