[ANN] (WC) | WhiteCoin | BIG NEWS: Foundation, investors & more ☯ whitecoin.info

[malbee]

Great work WCF!!  Thanks to all the dev team members for you hard work on our coin!

[1713934762]

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[rudarSRB]

Great work dev team!

[tevayo]

Great job guys!

[Asgardian]

Awesome job guys!!!!!

[Oizopower]

How can i forget this.... We have added a detailed page about TOR support inside the wallet.
Under "Help" you will find a menu option to enable TOR inside your wallet !

[WhiteNotWright]

In light of the recent wallet update and upcoming developments, I wanted to share a little thanks to the leadership and community for keeping the dream alive for this coin. I have some personal interest in the use of the coin outside of this community for an idea I have been tossing around for a few months, but one thing does concern me that perhaps the group could shed some light. The amount of coins is limited and based on the previous statements found within this forum, a lot of the folks are staking and have been staking for a period of time. It has also been suggested (or documented) that the number of coins available from the exchanges is limited. To my point. Should I need to provide Whitecoins to clients as a transaction method (lets call it a mobile wallet for lack of another example), I would need to provide those coins to the end-devices from some bank of coins. If I did not personally own those coins, the clients would need to obtain those coins from some source. Other than getting onto the exchange and buying these coins (whereas the coin supply will soon run dry), where else might these folks get these coins to place upon their device? How does the community envision the coin being used as a currency if it's all locked up in staking just to earn interest? This is a serious question, so don't take it as anything else. I am trying to grasp a concept in how liquid this coin would be for end-to-end tansactions and back-end settlement to btc\fiat.

[WhiteNotWright]

Sent:

500K WC - "Known User Transactions" Donation from the Wright Foundation.

[Iffy]

In light of the recent wallet update and upcoming developments, I wanted to share a little thanks to the leadership and community for keeping the dream alive for this coin. I have some personal interest in the use of the coin outside of this community for an idea I have been tossing around for a few months, but one thing does concern me that perhaps the group could shed some light. The amount of coins is limited and based on the previous statements found within this forum, a lot of the folks are staking and have been staking for a period of time. It has also been suggested (or documented) that the number of coins available from the exchanges is limited. To my point. Should I need to provide Whitecoins to clients as a transaction method (lets call it a mobile wallet for lack of another example), I would need to provide those coins to the end-devices from some bank of coins. If I did not personally own those coins, the clients would need to obtain those coins from some source. Other than getting onto the exchange and buying these coins (whereas the coin supply will soon run dry), where else might these folks get these coins to place upon their device? How does the community envision the coin being used as a currency if it's all locked up in staking just to earn interest? This is a serious question, so don't take it as anything else. I am trying to grasp a concept in how liquid this coin would be for end-to-end tansactions and back-end settlement to btc\fiat.

Pretty sure that if folk were willing to pay a lot more than ~70 sats a pop you would find a lot more WC on the exchanges right now. It is called supply and demand, if the supply drops the price goes up in turn encouraging those with more supply to make it available.

[WhiteNotWright]

In light of the recent wallet update and upcoming developments, I wanted to share a little thanks to the leadership and community for keeping the dream alive for this coin. I have some personal interest in the use of the coin outside of this community for an idea I have been tossing around for a few months, but one thing does concern me that perhaps the group could shed some light. The amount of coins is limited and based on the previous statements found within this forum, a lot of the folks are staking and have been staking for a period of time. It has also been suggested (or documented) that the number of coins available from the exchanges is limited. To my point. Should I need to provide Whitecoins to clients as a transaction method (lets call it a mobile wallet for lack of another example), I would need to provide those coins to the end-devices from some bank of coins. If I did not personally own those coins, the clients would need to obtain those coins from some source. Other than getting onto the exchange and buying these coins (whereas the coin supply will soon run dry), where else might these folks get these coins to place upon their device? How does the community envision the coin being used as a currency if it's all locked up in staking just to earn interest? This is a serious question, so don't take it as anything else. I am trying to grasp a concept in how liquid this coin would be for end-to-end tansactions and back-end settlement to btc\fiat.

Pretty sure that if folk were willing to pay a lot more than ~70 sats a pop you would find a lot more WC on the exchanges right now. It is called supply and demand, if the supply drops the price goes up in turn encouraging those with more supply to make it available.

I was kind of thinking the same thing, but keep going back to the concept of being able to purchase coin from individual wallets on the network and not the exchange wallets. The idea then would be like that of staking (in other wallets) whereas you can state the coins you want to stake and those you wish to not stake. In the wallet exchange, would have those coins for sale to other wallet (at a price that is configurable in the wallet) and those coins that are not for sale or are staking. Thus, if I had an application on my phone and wanted to do a order on something, it would broadcast to the WC network for the collection of coins that would make up the aggregated volume (price) for the item I wanted to buy and exchange those into my wallet in my mobile device (or wallet on an exchange). Thereby creating a distributed funding exchange free of trading fees. I don't know, maybe I am over thinking this concept.

[cryptohunter]

Sent:

500K WC - "Known User Transactions" Donation from the Wright Foundation.

wow awesome thanks for that

congrats on the new wallet also .

[tw0rak]

The new wallets looks great. I like the translations so much!

Keep it going guys.

And WhiteNotWrite - nice to read about your "donation".

We all thank you dear developers team.

[bitboy2000]

Good job on new wallet

Tor info is so simple to understand!

Looks sexy

The block explorer is a good edition as well as the statistics.

 

[tw0rak]

Im rly looking forward to the announcement Jason talked about next week.

I think all the WhiteCoin interested ppl will be happy soon.

[surfguy72]

Sent:

500K WC - "Known User Transactions" Donation from the Wright Foundation.

wow awesome thanks for that

congrats on the new wallet also .

WOW!

Transaction Confirmed.

A super generous donation!  Can't wait to do the 8-22 update today!

[tevayo]

Sent:

500K WC - "Known User Transactions" Donation from the Wright Foundation.

Stunning WNW !!
My two cents ...
30K to "Known User Transactions"

[surfguy72]

Sent:

500K WC - "Known User Transactions" Donation from the Wright Foundation.

Stunning WNW !!
My two cents ...
30K to "Known User Transactions"

CONFIRMED!!!!  Awesome Guys!

Also have a donation of 3456.00 coming in!

[surfguy72]

Hello!

Below is the list I pulled together based on previous posts.  With each idea is a WC address.  Future coin addresses will be added to allow other coins to be donated as well.  The funds donated can be returned at this point should an idea evolve to the point where you no longer support it.  Refunds will only be sent to the address from which the coins were sent.  As more information comes forth from the Dev team and/or other DEVS I will update you.  I have backed up the wallet for these addresses and is password protected.  I will work transparently with you before releasing funds to anyone and will give 48 hrs notice before any transfer.  Refunds will only be for the original amount, the interest earned would be fwd to the WCF.

1. Anon - Mindfox said it can be implemented from other work when its tested and working
WmFfYh4Y5rEpAmt31zmWHjEiSDBteRL7AF

2. Privacy - Implementation of TOR
WaTdeGtNSkW7oLDsZoZA1BNMwaTpvquXAj  There will be free step by step instructions released soon on how to utilize the TOR network for your wallet.

3. Smart Contract - What would it take, what does a framework look like
WgMvUeu6vf7vFb1PVGmnfD6tvyFqSh7oWC

4. Reduce Confirmation Times - This could be reviewed now and determined what is required to make
this happen
WUET4WgYwz4HLx54faKYyRWMNbfa6K5gjj

5. Built in Voting App-propose new features, vote from wallet
WSYDAdSrx23BpC6MjBJ2pdWvfkVjYu6tEB

6. Wallet to wallet exchange - place your buys and sells and would then need to be a multicoin wallet
WffKeSgypEsHAYkZTMP6iXWws4Mn5By74G

***

7. Known User Transactions - using third party, a users wallet would become verified as a known person IRL and could send public transactions.
WQ2daSMKv7qBsgxJTBeSwKfTLoVDYsBZEr

Update 8/22/14

Hello!

In case you missed it, we've had a great update to the WhiteCoin Wallet Released!  See the post from oizopower here  ==>https://bitcointalk.org/index.php?topic=568517.msg8473297#msg8473297

Below are our recent totals, with some amazing donations coming in recently!  As a reminder, these donations right now are liquid.  At anytime a member who disagrees with the direction of a goal they've donated to, may request that donation back, and I will get it back to them in a timely nature (best i can.) Should this ever change, it will be ANN well ahead of time before any decisions are made, I have a strong fiduciary ethic regarding these funds. We are headed down the right path, and I'm personally looking forward from our VP Jason regarding our developments!  We should be seeing that update next week!

Shout out to cryptoarticles.com who did a catch-up piece on WhiteCoin found here ==> http://www.cryptoarticles.com/crypto-news/whitecoin-client-update-known-user-transactions-project-announced

And here's the numbers....

Be good to one another.  Surfs up!

WCF Wallet - WdPskLzGkjXkSns3BgkRF5fW5SveTBS7tR - 824,302 WC

Developments in descending order of amount raised:
7. Known User Transactions - 1,084,365 WC
4. Reduce Confirmation Times - 366,681 WC
5. Built in Voting - 104,049 WC
3. Smart Contract - 74,027 WC

TOTAL AMOUNT RAISED: 1,629,122 WC!
TOTAL AMOUNT FOR WhiteCoin DEVELOPMENT: 2,453,424 WC!

[milkyway]

random basic question,
how long will it start to stake?
and do i have to leave my wallet open or just open it occasionally?

thank you.

[WhiteNotWright]

random basic question,
how long will it start to stake?
and do i have to leave my wallet open or just open it occasionally?

thank you.

Create passphrase to encrypt wallet.
Open wallet with passprhase.
Allow coins to mature, will take a while based upon transactions, age of coins, etc.
Basically, just keep it open and secure as much possible to ensure minting, but be sure encrypted with passphrase when unlocked.

Or, just trade your coins and roll the bones for greater than 2% interest if you like to gamble (much risks), but keeps volume healthy.

Hope this helps.

[WhiteNotWright]

How can i forget this.... We have added a detailed page about TOR support inside the wallet.
Under "Help" you will find a menu option to enable TOR inside your wallet !

Thanks for changing the wording on the Options for Start on system login in the wallet. That was driving me nuts.