R.I.P. WDC

[cryptohunter]

so this is a non event, the network is still 2ghz and the price just dropped 40% ish for some reason? someone just dumped a ton of coins?

Understand, mcxnow.com is full of MNC supporters with a trollbox that slanders every coin, and has been working on WDC now. Has nothing to do with whether it will go to a large exchange or not, or whether it will be a success. Worldcoin supporters were hoping it would not even go to an exchange for quite awhile since they see that groundwork needs to be completed first, which it is.

Okay sure, but when the price has dived on bter also to .0005 all i want to know is why?  what caused miners to panic, did they panic? the 2ghz network seems fine not too many have left? Why did the price dive, was it just a massive dump?

The talk on here of damaged block chain is it total FUD or not?

[cryptohunter]

What is really happening with WDC. Seen hashrate drop from 2GH/S to 1GH/S and again up to 2GH/S.

The flash mining crowd jumped over to PWC for a while.

or is it some litecoin pools trying to break wdc as discussed on this forum earlier?  seems wdc has some enemies that would like to see it vanish? how vulnerable is wdc really?

[clint25n]

so this is a non event, the network is still 2ghz and the price just dropped 40% ish for some reason? someone just dumped a ton of coins?

Understand, mcxnow.com is full of MNC supporters with a trollbox that slanders every coin, and has been working on WDC now. Has nothing to do with whether it will go to a large exchange or not, or whether it will be a success. Worldcoin supporters were hoping it would not even go to an exchange for quite awhile since they see that groundwork needs to be completed first, which it is.

Okay sure, but when the price has dived on bter also to .0005 all i want to know is why?  what caused miners to panic, did they panic? the 2ghz network seems fine not too many have left? Why did the price dive, was it just a massive dump?

The talk on here of damaged block chain is it total FUD or not?

The weak hands let go, and when the price drops, a smart investor buys all the cheap coins at once, which we just watched happen a moment ago.
Then the investor will hold those 50k Worldcoins all to himself.
The poor get poorer and the rich get richer.

The mcxnow price will have nothing to do with its future value.

[Hydroponica]

After such quick transaction times with WDC, it feels like an eternity to get all my BTC from VirtEx, to MCXNow lol

[aikklond]

WDC was criticaly flawed and premined. Digicoin is a realy much more stable and legit coin.

I like that it is going slow and steady.

It could become a winner.

[Praxis]

WDC was criticaly flawed and premined.

[citation needed]

[erk]

WDC was criticaly flawed and premined. Digicoin is a realy much more stable and legit coin.

I like that it is going slow and steady.

It could become a winner.

DGC  is a copy of WDC with a 5 sec slower block time. Not improvement. Block chain records debunk your premine claim.

[thekidcoin]

Neither offer any benefit.  Transaction confirmation's are only needed for big $$ transactions, otherwise the transaction is instant.  A business just needs to have software to check for double spends.  I can transfer Bitcoin into coinbase right now, and trade it away within 1 minute.  All Digicoin did was try and mimic the fair start of Nibble and lower the transaction confirmation time.

[BitJohn]

which coin out there adjusts difficulty over short time not blocks just curious what the first one was? That is a feature in WDC DGC MNC that is nice for miners.

[anderl]

Neither offer any benefit.  Transaction confirmation's are only needed for big $$ transactions, otherwise the transaction is instant.  A business just needs to have software to check for double spends.  I can transfer Bitcoin into coinbase right now, and trade it away within 1 minute.  All Digicoin did was try and mimic the fair start of Nibble and lower the transaction confirmation time.

doesn't coinbase assume the risk if the transaction does not confirm.  besides they processing time to a fiat bank account still takes time.  longer than it should really, so all coinbase is doing is offsetting the confirmation time to the bank account processing time and in their terms they can roll back any transaction at will.

[milly6]

It actually forked a couple of days ago. Miners who were on the wrong chain lost out, that's it. Obviously not a good thing though. People are slowly starting to realise 15 second blocks for WDC means pools have to have a low percentage of the network has (30% at most or something.. rather than 50% at most).

Terracoin survived worst.

I predict WDC will go down low in price, maybe it will recover maybe it wont.

Top 15 Hashrates
Rank   User Name   KH/s   WDC/Day (est)
1   karambit    28,082    3,295.860
2   leecher    19,017    2,231.941
3   sathackr    10,586    1,242.432
4   duster    10,488    1,230.930
5   rbahri    10,387    1,219.076
6   a44014296    10,376    1,217.785
7   cryptomonkey    10,243    1,202.175
8   Maniac    9,429    1,106.640
9   koyakint    9,243    1,084.810
10   kbfiHPC    9,227    1,082.932
11   m13os86 *   8,936    1,048.779
12   myway    8,417    987.866
13   109109    7,894    926.484
14   IrritableHacker    7,668    899.959
15   fcit    7,466    876.251

Its because of these folks that we have these problems. Someone with this much power should not be pool mining.. This goes for anyone in this top 15 list, but especially that 28 m/sec miner. Whats the deal? Make your own private pool if need be, and submit solo work. Botnet?

[filledbit]

...A business just needs to have software to check for double spends.  ...

Where can I read more about this?  I had thought confirmations were a hindrance with bitcoin.  This is great if it is true.

[Hydroponica]

If you listen real close, you can actually hear hands smacking foreheads, across the globe....

[BitJohn]

I think bank checks take way longer than bitcoins to confirm. Just saying stores take those.

[erk]

I think bank checks take way longer than bitcoins to confirm. Just saying stores take those.

Tried paying at a fast food outlet with one, or a supermarket checkout?

[Hydroponica]

I think bank checks take way longer than bitcoins to confirm. Just saying stores take those.

I don't think most stores accept personal checks anymore. Atleast not in Canada. Kind of redundant, with interact / visa debit cards.

[computerparts]

I see a lot of immaturity coming from many other coin holders. Just giving yourselves a bad name.
Really, who makes a thread to try and slander a coin, especially when it has the most going for it.  

You won't see me posting a desperate thread to try and "save" Worldcoin or slander others...

Happy mining.  

+1 this site is a far cry from what it once was

[BitJohn]

seems most do if you have ID and live in the area. At least in southern US.

[BitJohn]

besides the point it takes FOREVER to confirm so merchants should be willing to take the relatively safe bitcoin payment especially on smaller transactions.

[erk]

I see a lot of immaturity coming from many other coin holders. Just giving yourselves a bad name.
Really, who makes a thread to try and slander a coin, especially when it has the most going for it.  

You won't see me posting a desperate thread to try and "save" Worldcoin or slander others...

Happy mining.  

+1 this site is a far cry from what it once was

People start these kind of thread titles to troll a coin, no more no less. They are not intended to be informative.