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

[JCar02]

Interesting idea with all of the transaction fees going to dev team. That should of been enough and you should of not done the premine but as long as you spend the premine on productive things I dont see anything wrong with that. gl

[Symbiont]

Worst logo ever.

[travel-trousers]

You can't rely on such latency. For example, distance from NY to London is 5570 km (3460 miles). Nothing can move faster than light, so information can't be transmitted from NY to London faster than 5570/300,000 = 18 ms. Double this for standard TCP/IP. Double this for LA -> Moscow. Get 72 ms. Quietly weep (c).

My original example was more like a botnet being checked by nodes in the same country vs a PC in Europe with a fast lookup table being checked in America.

v0.2 available using nocoin's examples in worst case scenario...

[travel-trousers]

Interesting idea with all of the transaction fees going to dev team. That should of been enough and you should of not done the premine but as long as you spend the premine on productive things I don't see anything wrong with that. gl

Well we haven't done a premine yet... :p

It's still being considered....

The problem of course is not knowing how many people really signed up, if its 100 but the devs say 1,000 then the devs keep 90% of the 'giveaway'. At least with BTC coin investing or crowdfunding you can see how much people will be expecting.

We might make a page publishing the obscured email/IP & time of sign ups, then hopefully there will be no cries of 'scam'...

[nocoin]

Oh boy... I'm giving up, such ignorance can't be beat.
Will wait for first code samples, it should be fun. Count me in as security tester

[ErrorBcc]

I love minimalistic designs... so here a quick idea for a new logo

http://i60.tinypic.com/2hr01zb.jpg

http://i61.tinypic.com/1o6mxi.jpg

[colin012]

I love minimalistic designs... so here a quick idea for a new logo

I like this new logo much better than the old one. (No offense).

[travel-trousers]

I like this new logo much better than the old one. (No offense).

None taken.

The logo was thrown together in less than half an hour.... Please submit more ideas if you think you can improve it.

[travel-trousers]

Oh boy... I'm giving up, such ignorance can't be beat.

So ignorance is to change my figures to your examples so you can understand it better?

Wouldn't it be quicker for everyone (including me) to explain why it won't work (and what your solution is)?

I think I might chuck together a quick php script that can pull some files from a USB stick and hard disk to see how quick it is...

I'll post code and a link...

[colin012]

Oh boy... I'm giving up, such ignorance can't be beat.

So ignorance is to change my figures to your examples so you can understand it better?

Wouldn't it be quicker for everyone (including me) to explain why it won't work (and what your solution is)?

I think I might chuck together a quick php script that can pull some files from a USB stick and hard disk to see how quick it is...

I'll post code and a link...

     I have a thought. Instead of mining and getting rewarded from nothing, why not mine from a "global ghost pot" where the coins already exist and the coins that haven't been used return to the "ghost pot" to be mined again. The advantage of it is that you can implement alternative ways to gain Worldo. Such as giving companies "ghost coins" that they can use solely for the purposes of hiring new employees. Any "ghost coins" they don't use that year go back to the ghost pot to be reused This would encourage job growth. If they spend over 90% of their "ghost coins" they would be rewarded by getting X% more of their share of the "global ghost pot" for next year where X is equal to the percentage over 90% they used. So if they use 91% of their coins, next year they get an extra 1% of their current share of the pot. If they use 100% of their coins, they get an extra 10%. The same would work inversely up to 80% so if they use 89%, they get 1% less next year; if they only use 80% they get 10% less next year. If they only use 60% of their "ghost coins" they still get 10% less because it bottoms out at 80%. 10% deduction is the max deduction just like 10% is the max reward.

     Like I said, they would receive "shares" of the "ghost pot." What that means is they get a certain percentage of the "ghost pot" they can spend every year. The max for all companies would be 10% so only 10% of the entire "ghost pot" goes away every year. This would prevent the "ghost pot" from ever bottoming out since all the Worldo that hasn't been used in a certain amount of time (1 year for ghost coins and not sure how much for regular coins) returns to the "ghost pot." That way miners and companies will be rewarded indefinitely and no Worldo goes missing on a hard drive that goes to the dump or because a someone decided to stop using their Worldo.

[nocoin]

Wouldn't it be quicker for everyone (including me) to explain why it won't work (and what your solution is)?
I think I might chuck together a quick php script that can pull some files from a USB stick and hard disk to see how quick it is...

The problem is not in the disk performance part.
Current crypto code has:

• no conception of "closest nodes"
• no way to "split the work between" nodes
• no way to "lost the block" if it was already added to blockchain
• ...

You must first define these concepts and create a way to implement them; writing some common words is not enough.

[travel-trousers]

You must first define these concepts and create a way to implement them; writing some common words is not enough.

Yes of course, it's only (well, was) only version 0.1.

Interestingly you failed to spot the rather glaring error I made. 20 checks at 20ms each will only take maximum of 400ms, not nearly 5 seconds as I stated. I've fixed that and can't really complain as I suspect you're the only person who read it :p

[nocoin]

Interestingly you failed to spot the rather glaring error I made. 20 checks at 20ms each will only take maximum of 400ms, not nearly 5 seconds as I stated. I've fixed that and can't really complain as I suspect you're the only person who read it :p

Wasn't interested enough to check all those things precisely

[colin012]

Interestingly you failed to spot the rather glaring error I made. 20 checks at 20ms each will only take maximum of 400ms, not nearly 5 seconds as I stated. I've fixed that and can't really complain as I suspect you're the only person who read it :p

Wasn't interested enough to check all those things precisely

Glad to see you two getting along.

[travel-trousers]

Glad to see you two getting along.

Trying...

"paper is a piece of shit....
your ignorance can't be beat....

Oh, but I didn't bother to really read it.... "

:p

[cyberfixy]

Very interesting, waiting for the launch

[Patejl]

Nice idea. Count me in. 
But i really think there starting to be too much of new algorithms around. Quarks, Qubits, Metiscoins and now this. Anyway, this one looks really promising. 

[miramare]

I logged in the website and submitted my email.
No response received yet

[travel-trousers]

I logged in the website and submitted my email.
No response received yet

You won't... until we have something to announce.

[miramare]

I logged in the website and submitted my email.
No response received yet

You won't... until we have something to announce.

Ok, just waiting..