[ANN] ₩orldo -The World Currency. Botnet proof. CPU only. (Alpha)

[travel-trousers]

Seems almost centralized in a way. Is this coin completely decentralized?

Completely decentralised, completely open source

[travel-trousers]

I don't like the logo.. thats not even a real world  

So we can only use logos from real worlds?? :p

65 signups in the first 12 hours, and only a couple of people took two bites of the pie....
maybe it's not such a crazy new coin after all.

We'll give 10 extra shares to the first person to explain the the logo to everyone!

[illodin]

If you flip the logo vertically, it looks like godzilla climbing on a mountain or something. 

[Amph]

If you flip the logo vertically, it looks like godzilla climbing on a mountain or something. 

or like godzilla is pissing 

[travel-trousers]

I hope there is no way to exploit the system and gain 51% just by hacking the part that checks how fast your computer _could_ run.

It would work like the Olympics that happened everyday.

Currently every 4 years the fastest marathon runners get together and race.
The fastest gets gold, second silver, third bronze.

Now we make this happen everyday.
But instead of killing themselves with exhaustion they run a single race.
The medals are allocated and then instead they walk the marathon everyday, giving the same medals to the same three winners.
If the bronze medallist decides to get a gold (which he can easily), everyone will know he broke his word.

When a new runner comes along he runs the race as quickly as he can and if he beats the gold medallist he gets gold...
Then he joins the walk.

Everyone has to run a marathon regularly to see if they can.

Bitcoin is like a marathon, 24/7/365 with no let up, only some people use bikes (GPUs) and some people use cars (ASIC).
Worldo is more like a time trial race.

[Warning__3]

Doesn't we already have worldcoin?

[nocoin]

So instead of running your computer as fast and as hot as it can go all the time, ₩orldo are produced by measuring how much you could do, and using that a guide.

What will stop my node from saying to the network "I can make bazillion hashes per second"? Do you know what Proof-of-Work is?

When the client finds a block it will only be rewarded if it can quickly reply to many random queries from the rest of the network.

How many? Who will send them? All network or part of it? If all, this is nonsense, node will die. If part of it, how the other part will know the block is valid?

Too many questions. You should definitely release whitepaper first. For now this all just sounds like fantasies from someone who can't understand what is 1) decentralized; 2) anonymous; 3) peer-to-peer network.

[stas]

Great coin guys.

Very original and "smart" idea.

Yeah, you even copied our CSS for the website. Very honest of you, guys.

)

[murkster]

Watching this one. Good announcement and idea.

Follow Noblecoins lead on transparency and development team and it will go far.

[Psyclist43]

I don't like the logo.. thats not even a real world  

So we can only use logos from real worlds?? :p

65 signups in the first 12 hours, and only a couple of people took two bites of the pie....
maybe it's not such a crazy new coin after all.

We'll give 10 extra shares to the first person to explain the the logo to everyone!

It looks like the world but all mixed up, not like Pangaea, the continents are just all scrambled up.

https://i.imgur.com/zdpBKU2.png

[travel-trousers]

What will stop my node from saying to the network "I can make bazillion hashes per second"? Do you know what Proof-of-Work is?

Proof of work?? what's that??? :p

When a node joins it has to complete a Proof of Work at 100% to prove its speed. This happens periodically.

How many? Who will send them? All network or part of it? If all, this is nonsense, node will die. If part of it, how the other part will know the block is valid?

Of course not all, in the region of a few dozen at most.

Each client generates a unique database from the same algorithm, based on his wallet ID. When a block is completed other nodes confirm this and then ask for a randomly located answer from across this database. The winning client grabs them from the DB and sends them out to be checked. If he is too slow (i.e he doesn't have the database because the botnet controller can't install a 2Tb drive onto every remotely controlled machine) he will not receive the coins. He could generate them, but that would take minutes and the other nodes will only give him a few seconds...

At the moment this seems the best candidate for proving a client is not a botnet zombie, at reasonable price.

If you have a better solution we'd love to hear it would be throwing a nice bounty your way if implemented.

A white paper will be coming.

Thanks for asking an intelligent question, I'll send you a link for 5 parts of our .4% prefarm if you  want them.

[nocoin]

based on his wallet ID

Oh wow! ID in decentralized network, really?
Ok, I'll do a favor and will try not to post in this topic before whitepaper release

[colin012]

I don't like the logo.. thats not even a real world  

So we can only use logos from real worlds?? :p

65 signups in the first 12 hours, and only a couple of people took two bites of the pie....
maybe it's not such a crazy new coin after all.

We'll give 10 extra shares to the first person to explain the the logo to everyone!

The logo is all the continents of the world flipped or rotated so they can fit together in the shape of a DOVE! You people must be blind or something! lol

[BitCoinPokerBro]

Amero and now Worldo. All in the same month? Hmmm

[traveltrousers]

Amero and now Worldo. All in the same month? Hmmm

You can only mine and spend Amero in America... :p

[traveltrousers]

So after 24 hours we have about 120 people signed up, which is nice!

Also had several PM's of support and offers of help which is nice too...

If you want this project to fly lets keep it on the front page and recruit more people....

[colin012]

So, what is the difference between traveltrousers and travel-trousers?

[AtlantisPlatform]

Trust me I can tell you this coin has no future, #1 dumb name, Waldo, Worldo?? Dumb. Second there is already Worldcoin, you can't compete with them, third, there is Earthcoin, and they can barely stay afloat. Just close up shop on this coin, no one will mine it and it is taking up space.

[AtlantisPlatform]

Trust me I can tell you this coin has no future, #1 dumb name, Waldo, Worldo?? Dumb. Second there is already Worldcoin, you can't compete with them, third, there is Earthcoin, and they can barely stay afloat. Just close up shop on this coin, no one will mine it and it is taking up space.

What I don't get, is there are some awesome professional names left for cryptocoins and these nubs choose these stupid names, holecoin, cuntcoin, johncoin , jeebuscoin, worldocoin, buttcoin, buttheadcoin etc etc, WHY??? It costs no more to sound like a real bonafide coin with a name that will at least get you a little ways, but no, let's call out coin worldocoinio. Great thinking.

[bman3]

I'm liking the ideas guys, but you seriously need a re-branding. Please let me do it for you, I am an experienced 3D Artist and Graphic Designer.