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

[multioptions]

VIVA WhiteCoin

[1714793041]

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[thisisit]

why not start pos minting tomorrow or in few days.

[@ThisWeeksCoin]

AHAHAHAHAHAHAHAH

http://prntscr.com/3e125l

From #mintpal

that is crazy? coins can not dictate which other coins get added to an exchange?  

hahaha you tell him that

[rudius]

why not start pos minting tomorrow or in few days.

We have to let everyone of us the time to update the wallet.

Well i think that s the reason, i m not part of the team

[gentacomp]

So...
WC Wallet is good now ? POS is working ?

[cryptohunter]

why not start pos minting tomorrow or in few days.

also pow minting should go on for many years right but the rewards are just 10 coin per block?  maybe best to chop that down to 2 coins for inflation reasons on top of the POS coins.

Why is pow stopping at 30k?  just leaving a few miners on the POW would help with security right?

We need to know what params are getting changed really.

[nate@exist]

Shades of an AltCoin War

There is no question that the last 24-48 hours the AltCoin community, particularly the three "ShadeCoin", White, Dark and Black, have been filled with an incredible amount of both positive and negative energy. There is no question that these three coins are essentially "at war". Having followed the past few days very closely, I wanted to provide my detailed perspective on what has been happening, why, and most importantly, what this means for the future of these coins.

Most of the posts on this particular forum (Whitecoin), those posted in the last 24 hours were in all likelihood SPAM, complete lies posted by people who created brand new accounts on bitcointalk to spread FUD (Fear, Uncertainty, Doubt... Or as I see it "Disruption), in order to capitalize on their own personal cryto-currency goals.

The tactics used however, particularly those used to question the integrity and security of the Whitecoin protocol have been by far the most disappointing.

So... The first point I want to address is:  Why would people do this?

There are two reasons which I see as being the most likely scenarios:

1.) If a person or small group of people can essentially "Mass-Spam" a coin community with disinformation or "lies", those which cannot be confirmed or disproved quickly, a large enough portion of the coin holders who's coins are under this attack (Whitecoin in this case) will be driven into a state of fear, and where there is fear, people sell. A mass exodus of selling causes additional panic, leading to more selling, which drives the price down.

--- So, Why do this?

By driving the price down these Spamers will have the ability to buy the coins at much lower levels.  Once the disinformation they have posted is proved to be false, the coin will then rally back to normal if not far exceeding levels, resulting in huge profits for the attackers.

2.) The other likely reason would be a competing coin's community, users, or even Devs, would attack their competitor with posts to forums, twitter and the like to discredit the coin in hopes to drive them out.

--- Again, Why do this?

There is a limited supply of money being traded in alt-coins. Altcoin creators are essentially all competing for a piece of the same pie. More buyers mean higher prices. By spreading disinformation, uninformed and inexperienced traders will read these posts and see them as being the gospel.  Fear sets in, and they sell.  

Now if you're a trader, particularly a new trader, waiting on the side lines for the right opportunity is no fun.  

Most neophyte traders will likely immediately seek a new place to park their BTC as an investment. Right now, there is no question Blackcoin, Darkcoin, and Whitecoin are in a fierce competition for a limited amount of BTC which is within the exchanges and at play to trade with. Those very BTC are the necessary fuel for any and all growth. Lack of new BTC being fed into an altcoin means stagnation... And traders, particularly the new ones, "must" see action in order to feel they are "in the game".

Thus a coin that meerly churns, meaning no new influx of BTC, will likely trade sideways, resulting in boredom, which psychologically progresses into anxiety. This anxiety, or felling that missed opportunities are passing at every moment as their altcoin investment meerly treads water inevitably leads to selling off and looking for a new and better play.

--- CONSIDER THE FACTS OF WHAT HAS OCCURRED WITH WHITECOIN

The information, or disinformation that has been posted about Whitecoin lacks credibility In my opinion for a number of reasons.

1.) Timing:  The release of this so called "highly critical and important information", information by which caused mass panic, was released to the public in the middle of the night on a Saturday/Sunday. A time most likely when the actual developers would be either asleep or out to dinner, or putting the kids to bed,  and not available to respond to what was being posted.

What professional developer would seriously disseminate important information to his community in the middle of the night on a weekend.  And if so, why would he only do so only on this forum and on twitter, using brand new accounts with little to no posts.  

Lastly, why would he chose not to post this also on his own website?

These factors in terms of timing are the main reason the information these posters provided I find to be highly suspicious and untrue.

2.) Users:  All of the disinformation posted was posted by brand new accounts created within hours of the release of the said information. These users claimed to be a part of the development team.

I consider this also to be highly suspect of foul play.

3.). PoW to PoS Transition:  Whitecoin recently finalized its mining phase, and has now entered into its Proof of Stake phase.  This switch occurred less than 72 hours ago.  

With any major switchover, there were some minor bugs that were immediately resolved.  

New PoS multipools were being set up by pool operators independent of Whitecoin. New pools almost always have things to work out as in a matter of hours the user load increases by huge amounts.

The timing of this suspect information coincided with these minor issues, issues which in fact all coins have faced during a transition phase.  I personally believe the attackers of Whitecoin timed their attack to exploit these minor bugs and add to any already existing stress within the Whitecoin community.

To Note: Most, if not all of these minor issues have since been resolved.

--- REALITY

Whitecoin is now priced at levels that offer unprecedented opportunities to traders. This opportunity has been made available to the entire altcoin community at the expense of those who sold off and likely realized losses in their Whitecoin investments.

The price levels we are seeing right now allow traders to get in at severely undervalued price points and ride the "rocketship" as many coiners call it, as the coin begins to recover.

You have to remember:  Coins like Blackcoin and Darkcoin were both at one point in time worth less than 1000 Satoshis.  Yet these coins managed to skyrocket in value to levels of 90,000 and 500,000 respectively.

The truth is this growth is impossible to sustain.  10,000% returns are now 100% impossible to see again with both Blackcoin and Darkcoin. If you didn't get in weeks ago, I'm sorry you missed the boat.

Whitecoin however is a clearly different story.  

1.) Whitecoin is perhaps the most publicized and rapidly accepted altcoin to hit the exchanges in months.  Within a few weeks time it had been added to virtually all of the major exchanges, as well as listed on BitcoinWisdom. This alone is unprecedented.

2.) Whitecoin is the only one of the three "shadecoins", that being White, Dark, Black; that can actually grow by leaps and bounds. 1000%, 10,000%, 50,000% is certainly possible. This is what both Blackcoin and Darkcoin were able to achieve, but have since fallen considerably and become less attractive to the investment community. Whitecoin is the new kid on the block, he's gotten a lot of attention recently, and the other 2 shades aren't too happy their values have since been dropping as Whitecoin sucked up a lot of the volume and Market Cap.

Now considering all three of these coins are speculative investments; as are ALL altcoins, there being still no mainstream acceptance in terms of being used as a payment method, you have to ask yourself this question...

--- Why invest in any altcoin?

- If you are investing in altcoins for the mere point of being a part of a world changing shift of how money is treated and transacted, invest in coins you see as having unique features or philanthropic aspects which appeal to your personal aspirations. You aren't in this for the money. You want to change the world. Honestly, I applaud you.

- If you are investing and trading to make money, and capitalize on as much value growth as possible resulting in huge returns, you should be looking for oversold, underpriced options.

These coins will be the ones that go from 700 to 250,000 and make you rich.  A coin like Darkcoin would have to rise at its current price by a factor of 250 times to see the same growth... Growth that is a very real possibility with Whitecoin. That means that Darkcoin would have to near reach the price of Bitcoin. Personally, I do not see that as being even the most remote possibility.

MY CONCLUSION

 The Blackcoin and Darkcoin ships have sailed. They made people who got in early and held for the months it took for the coin to go from 1000 to astronomical levels very rich.  Blackcoin in particular took roughly 32 days to move from its final 900 level to 90,000.  32 days. It takes time. Those that bought and held, I am sure are now buying very nice houses.

The past 24 hours have been filled with garbage posts which have no reliable information and lack integrity from all angles.

Whitecoin in my opinion is the next player in what I refer to as HyperGrowth Capitalization. Growth that will make millionaires out of ordinary people. It may take 32 days as it did with Blackcoin, or even longer as in the case of Darkcoin. If you remember Bitcoin took years. However,  It is the only coin as of right now that has the realistic potential to see such gains.  It has a strong community.  It's developers are actively engaged in promoting and advancing the coin into the future.  It's incredibly oversold on bad information. I wish I had more BTC to buy in.

But only time will tell. Don't take my words for the holy grail. But also don't listen to most of the negative  information you will likely find on the Whitecoin board. Do research. Be a smart investor. Don't risk what you can't afford to lose.

You can follow me on Twitter @Stratobitz   I frequently post tips on what's breaking out, as well as what I feel is likely to correct or crash.

Best of luck to all.

Strato
[/size]

Not much to add other than...

http://1.bp.blogspot.com/-wGd2NtdnflY/UQ5C3j9bXOI/AAAAAAAAI9U/ErAkjFd5KBY/s1600/citizen-kane-clapping.jpg

[Stratobitz]

Shades of an AltCoin War

There is no question that the last 24-48 hours the AltCoin community, particularly the three "ShadeCoin", White, Dark and Black, have been filled with an incredible amount of both positive and negative energy. There is no question that these three coins are essentially "at war". Having followed the past few days very closely, I wanted to provide my detailed perspective on what has been happening, why, and most importantly, what this means for the future of these coins.

Most of the posts on this particular forum (Whitecoin), those posted in the last 24 hours were in all likelihood SPAM, complete lies posted by people who created brand new accounts on bitcointalk to spread FUD (Fear, Uncertainty, Doubt... Or as I see it "Disruption), in order to capitalize on their own personal cryto-currency goals.

The tactics used however, particularly those used to question the integrity and security of the Whitecoin protocol have been by far the most disappointing.

So... The first point I want to address is:  Why would people do this?

There are two reasons which I see as being the most likely scenarios:

1.) If a person or small group of people can essentially "Mass-Spam" a coin community with disinformation or "lies", those which cannot be confirmed or disproved quickly, a large enough portion of the coin holders who's coins are under this attack (Whitecoin in this case) will be driven into a state of fear, and where there is fear, people sell. A mass exodus of selling causes additional panic, leading to more selling, which drives the price down.

--- So, Why do this?

By driving the price down these Spamers will have the ability to buy the coins at much lower levels.  Once the disinformation they have posted is proved to be false, the coin will then rally back to normal if not far exceeding levels, resulting in huge profits for the attackers.

2.) The other likely reason would be a competing coin's community, users, or even Devs, would attack their competitor with posts to forums, twitter and the like to discredit the coin in hopes to drive them out.

--- Again, Why do this?

There is a limited supply of money being traded in alt-coins. Altcoin creators are essentially all competing for a piece of the same pie. More buyers mean higher prices. By spreading disinformation, uninformed and inexperienced traders will read these posts and see them as being the gospel.  Fear sets in, and they sell.  

Now if you're a trader, particularly a new trader, waiting on the side lines for the right opportunity is no fun.  

Most neophyte traders will likely immediately seek a new place to park their BTC as an investment. Right now, there is no question Blackcoin, Darkcoin, and Whitecoin are in a fierce competition for a limited amount of BTC which is within the exchanges and at play to trade with. Those very BTC are the necessary fuel for any and all growth. Lack of new BTC being fed into an altcoin means stagnation... And traders, particularly the new ones, "must" see action in order to feel they are "in the game".

Thus a coin that meerly churns, meaning no new influx of BTC, will likely trade sideways, resulting in boredom, which psychologically progresses into anxiety. This anxiety, or felling that missed opportunities are passing at every moment as their altcoin investment meerly treads water inevitably leads to selling off and looking for a new and better play.

--- CONSIDER THE FACTS OF WHAT HAS OCCURRED WITH WHITECOIN

The information, or disinformation that has been posted about Whitecoin lacks credibility In my opinion for a number of reasons.

1.) Timing:  The release of this so called "highly critical and important information", information by which caused mass panic, was released to the public in the middle of the night on a Saturday/Sunday. A time most likely when the actual developers would be either asleep or out to dinner, or putting the kids to bed,  and not available to respond to what was being posted.

What professional developer would seriously disseminate important information to his community in the middle of the night on a weekend.  And if so, why would he only do so only on this forum and on twitter, using brand new accounts with little to no posts.  

Lastly, why would he chose not to post this also on his own website?

These factors in terms of timing are the main reason the information these posters provided I find to be highly suspicious and untrue.

2.) Users:  All of the disinformation posted was posted by brand new accounts created within hours of the release of the said information. These users claimed to be a part of the development team.

I consider this also to be highly suspect of foul play.

3.). PoW to PoS Transition:  Whitecoin recently finalized its mining phase, and has now entered into its Proof of Stake phase.  This switch occurred less than 72 hours ago.  

With any major switchover, there were some minor bugs that were immediately resolved.  

New PoS multipools were being set up by pool operators independent of Whitecoin. New pools almost always have things to work out as in a matter of hours the user load increases by huge amounts.

The timing of this suspect information coincided with these minor issues, issues which in fact all coins have faced during a transition phase.  I personally believe the attackers of Whitecoin timed their attack to exploit these minor bugs and add to any already existing stress within the Whitecoin community.

To Note: Most, if not all of these minor issues have since been resolved.

--- REALITY

Whitecoin is now priced at levels that offer unprecedented opportunities to traders. This opportunity has been made available to the entire altcoin community at the expense of those who sold off and likely realized losses in their Whitecoin investments.

The price levels we are seeing right now allow traders to get in at severely undervalued price points and ride the "rocketship" as many coiners call it, as the coin begins to recover.

You have to remember:  Coins like Blackcoin and Darkcoin were both at one point in time worth less than 1000 Satoshis.  Yet these coins managed to skyrocket in value to levels of 90,000 and 500,000 respectively.

The truth is this growth is impossible to sustain.  10,000% returns are now 100% impossible to see again with both Blackcoin and Darkcoin. If you didn't get in weeks ago, I'm sorry you missed the boat.

Whitecoin however is a clearly different story.  

1.) Whitecoin is perhaps the most publicized and rapidly accepted altcoin to hit the exchanges in months.  Within a few weeks time it had been added to virtually all of the major exchanges, as well as listed on BitcoinWisdom. This alone is unprecedented.

2.) Whitecoin is the only one of the three "shadecoins", that being White, Dark, Black; that can actually grow by leaps and bounds. 1000%, 10,000%, 50,000% is certainly possible. This is what both Blackcoin and Darkcoin were able to achieve, but have since fallen considerably and become less attractive to the investment community. Whitecoin is the new kid on the block, he's gotten a lot of attention recently, and the other 2 shades aren't too happy their values have since been dropping as Whitecoin sucked up a lot of the volume and Market Cap.

Now considering all three of these coins are speculative investments; as are ALL altcoins, there being still no mainstream acceptance in terms of being used as a payment method, you have to ask yourself this question...

--- Why invest in any altcoin?

- If you are investing in altcoins for the mere point of being a part of a world changing shift of how money is treated and transacted, invest in coins you see as having unique features or philanthropic aspects which appeal to your personal aspirations. You aren't in this for the money. You want to change the world. Honestly, I applaud you.

- If you are investing and trading to make money, and capitalize on as much value growth as possible resulting in huge returns, you should be looking for oversold, underpriced options.

These coins will be the ones that go from 700 to 250,000 and make you rich.  A coin like Darkcoin would have to rise at its current price by a factor of 250 times to see the same growth... Growth that is a very real possibility with Whitecoin. That means that Darkcoin would have to near reach the price of Bitcoin. Personally, I do not see that as being even the most remote possibility.

MY CONCLUSION

 The Blackcoin and Darkcoin ships have sailed. They made people who got in early and held for the months it took for the coin to go from 1000 to astronomical levels very rich.  Blackcoin in particular took roughly 32 days to move from its final 900 level to 90,000.  32 days. It takes time. Those that bought and held, I am sure are now buying very nice houses.

The past 24 hours have been filled with garbage posts which have no reliable information and lack integrity from all angles.

Whitecoin in my opinion is the next player in what I refer to as HyperGrowth Capitalization. Growth that will make millionaires out of ordinary people. It may take 32 days as it did with Blackcoin, or even longer as in the case of Darkcoin. If you remember Bitcoin took years. However,  It is the only coin as of right now that has the realistic potential to see such gains.  It has a strong community.  It's developers are actively engaged in promoting and advancing the coin into the future.  It's incredibly oversold on bad information. I wish I had more BTC to buy in.

But only time will tell. Don't take my words for the holy grail. But also don't listen to most of the negative  information you will likely find on the Whitecoin board. Do research. Be a smart investor. Don't risk what you can't afford to lose.

You can follow me on Twitter @Stratobitz   I frequently post tips on what's breaking out, as well as what I feel is likely to correct or crash.

Best of luck to all.

Strato
[/size]

Glad someone laid out a very compelling argument for a coin.  I don't understand the people that don't like it have to come here and try to destroy what other people might like.  There is no reason if you sold and made a profit to come here and FUD the shit out of a coin. If you don't like it move on to the other 5000 alt coins available.  

It annoys me as well.

[thisisit]

they reverted all changes?

[Stratobitz]

Shades of an AltCoin War

There is no question that the last 24-48 hours the AltCoin community, particularly the three "ShadeCoin", White, Dark and Black, have been filled with an incredible amount of both positive and negative energy. There is no question that these three coins are essentially "at war". Having followed the past few days very closely, I wanted to provide my detailed perspective on what has been happening, why, and most importantly, what this means for the future of these coins.

Most of the posts on this particular forum (Whitecoin), those posted in the last 24 hours were in all likelihood SPAM, complete lies posted by people who created brand new accounts on bitcointalk to spread FUD (Fear, Uncertainty, Doubt... Or as I see it "Disruption), in order to capitalize on their own personal cryto-currency goals.

The tactics used however, particularly those used to question the integrity and security of the Whitecoin protocol have been by far the most disappointing.

So... The first point I want to address is:  Why would people do this?

There are two reasons which I see as being the most likely scenarios:

1.) If a person or small group of people can essentially "Mass-Spam" a coin community with disinformation or "lies", those which cannot be confirmed or disproved quickly, a large enough portion of the coin holders who's coins are under this attack (Whitecoin in this case) will be driven into a state of fear, and where there is fear, people sell. A mass exodus of selling causes additional panic, leading to more selling, which drives the price down.

--- So, Why do this?

By driving the price down these Spamers will have the ability to buy the coins at much lower levels.  Once the disinformation they have posted is proved to be false, the coin will then rally back to normal if not far exceeding levels, resulting in huge profits for the attackers.

2.) The other likely reason would be a competing coin's community, users, or even Devs, would attack their competitor with posts to forums, twitter and the like to discredit the coin in hopes to drive them out.

--- Again, Why do this?

There is a limited supply of money being traded in alt-coins. Altcoin creators are essentially all competing for a piece of the same pie. More buyers mean higher prices. By spreading disinformation, uninformed and inexperienced traders will read these posts and see them as being the gospel.  Fear sets in, and they sell.  

Now if you're a trader, particularly a new trader, waiting on the side lines for the right opportunity is no fun.  

Most neophyte traders will likely immediately seek a new place to park their BTC as an investment. Right now, there is no question Blackcoin, Darkcoin, and Whitecoin are in a fierce competition for a limited amount of BTC which is within the exchanges and at play to trade with. Those very BTC are the necessary fuel for any and all growth. Lack of new BTC being fed into an altcoin means stagnation... And traders, particularly the new ones, "must" see action in order to feel they are "in the game".

Thus a coin that meerly churns, meaning no new influx of BTC, will likely trade sideways, resulting in boredom, which psychologically progresses into anxiety. This anxiety, or felling that missed opportunities are passing at every moment as their altcoin investment meerly treads water inevitably leads to selling off and looking for a new and better play.

--- CONSIDER THE FACTS OF WHAT HAS OCCURRED WITH WHITECOIN

The information, or disinformation that has been posted about Whitecoin lacks credibility In my opinion for a number of reasons.

1.) Timing:  The release of this so called "highly critical and important information", information by which caused mass panic, was released to the public in the middle of the night on a Saturday/Sunday. A time most likely when the actual developers would be either asleep or out to dinner, or putting the kids to bed,  and not available to respond to what was being posted.

What professional developer would seriously disseminate important information to his community in the middle of the night on a weekend.  And if so, why would he only do so only on this forum and on twitter, using brand new accounts with little to no posts.  

Lastly, why would he chose not to post this also on his own website?

These factors in terms of timing are the main reason the information these posters provided I find to be highly suspicious and untrue.

2.) Users:  All of the disinformation posted was posted by brand new accounts created within hours of the release of the said information. These users claimed to be a part of the development team.

I consider this also to be highly suspect of foul play.

3.). PoW to PoS Transition:  Whitecoin recently finalized its mining phase, and has now entered into its Proof of Stake phase.  This switch occurred less than 72 hours ago.  

With any major switchover, there were some minor bugs that were immediately resolved.  

New PoS multipools were being set up by pool operators independent of Whitecoin. New pools almost always have things to work out as in a matter of hours the user load increases by huge amounts.

The timing of this suspect information coincided with these minor issues, issues which in fact all coins have faced during a transition phase.  I personally believe the attackers of Whitecoin timed their attack to exploit these minor bugs and add to any already existing stress within the Whitecoin community.

To Note: Most, if not all of these minor issues have since been resolved.

--- REALITY

Whitecoin is now priced at levels that offer unprecedented opportunities to traders. This opportunity has been made available to the entire altcoin community at the expense of those who sold off and likely realized losses in their Whitecoin investments.

The price levels we are seeing right now allow traders to get in at severely undervalued price points and ride the "rocketship" as many coiners call it, as the coin begins to recover.

You have to remember:  Coins like Blackcoin and Darkcoin were both at one point in time worth less than 1000 Satoshis.  Yet these coins managed to skyrocket in value to levels of 90,000 and 500,000 respectively.

The truth is this growth is impossible to sustain.  10,000% returns are now 100% impossible to see again with both Blackcoin and Darkcoin. If you didn't get in weeks ago, I'm sorry you missed the boat.

Whitecoin however is a clearly different story.  

1.) Whitecoin is perhaps the most publicized and rapidly accepted altcoin to hit the exchanges in months.  Within a few weeks time it had been added to virtually all of the major exchanges, as well as listed on BitcoinWisdom. This alone is unprecedented.

2.) Whitecoin is the only one of the three "shadecoins", that being White, Dark, Black; that can actually grow by leaps and bounds. 1000%, 10,000%, 50,000% is certainly possible. This is what both Blackcoin and Darkcoin were able to achieve, but have since fallen considerably and become less attractive to the investment community. Whitecoin is the new kid on the block, he's gotten a lot of attention recently, and the other 2 shades aren't too happy their values have since been dropping as Whitecoin sucked up a lot of the volume and Market Cap.

Now considering all three of these coins are speculative investments; as are ALL altcoins, there being still no mainstream acceptance in terms of being used as a payment method, you have to ask yourself this question...

--- Why invest in any altcoin?

- If you are investing in altcoins for the mere point of being a part of a world changing shift of how money is treated and transacted, invest in coins you see as having unique features or philanthropic aspects which appeal to your personal aspirations. You aren't in this for the money. You want to change the world. Honestly, I applaud you.

- If you are investing and trading to make money, and capitalize on as much value growth as possible resulting in huge returns, you should be looking for oversold, underpriced options.

These coins will be the ones that go from 700 to 250,000 and make you rich.  A coin like Darkcoin would have to rise at its current price by a factor of 250 times to see the same growth... Growth that is a very real possibility with Whitecoin. That means that Darkcoin would have to near reach the price of Bitcoin. Personally, I do not see that as being even the most remote possibility.

MY CONCLUSION

 The Blackcoin and Darkcoin ships have sailed. They made people who got in early and held for the months it took for the coin to go from 1000 to astronomical levels very rich.  Blackcoin in particular took roughly 32 days to move from its final 900 level to 90,000.  32 days. It takes time. Those that bought and held, I am sure are now buying very nice houses.

The past 24 hours have been filled with garbage posts which have no reliable information and lack integrity from all angles.

Whitecoin in my opinion is the next player in what I refer to as HyperGrowth Capitalization. Growth that will make millionaires out of ordinary people. It may take 32 days as it did with Blackcoin, or even longer as in the case of Darkcoin. If you remember Bitcoin took years. However,  It is the only coin as of right now that has the realistic potential to see such gains.  It has a strong community.  It's developers are actively engaged in promoting and advancing the coin into the future.  It's incredibly oversold on bad information. I wish I had more BTC to buy in.

But only time will tell. Don't take my words for the holy grail. But also don't listen to most of the negative  information you will likely find on the Whitecoin board. Do research. Be a smart investor. Don't risk what you can't afford to lose.

You can follow me on Twitter @Stratobitz   I frequently post tips on what's breaking out, as well as what I feel is likely to correct or crash.

Best of luck to all.

Strato
[/size]

Not much to add other than...

Wow thanks best response thus far! Glad you found it informative.

[KingSchultz]

The way mogonzo and company handled this whole thing enrages me. They could've simply said: "There is a problem with the code, we're releasing a new wallet and forking it tomorrow."

Instead they said we have an emergency situation cause of a block chain vulnerability, and don't know what to do or where the dev is. This resulted in a massive panic sale and the shutdown of all exchanges.

A pile of horse shit could do better PR. I'm selling immediately when I can, all the real crypto people will too. This is going to 10 satoshis.

I agree that he probably could have handled it a little bit better, but he was trying to do the right thing. With more and more people realizing PoS was broken over the last 24-48 hours and almost nobody mining the PoW the blockchain was  extremely vulnerable. A relatively small amount of hashpower could have 51% attacked this coin very easily in the past 48 hours. It is much safer now that he got a lot of people to start emergency mining PoW to secure it.

KingSchultz you are here?
1000 welcome, will you support WC now?
we like you

No, sorry. I'm not investing in WC but I'm not against WC or trolling... consider me neutral like Switzerland here. I stayed up watching this whole situation unfold for hours on IRC last night because it was a very interesting situation in crypto. I just posted because I don't think it's fair that some posters here are trashing Mogonzo hard. IMO, what he did was definitely in the best interest for the future of your coin. There is a large chance that this coin would be much worse off right now if he did not act. Wish you guys luck.

[rudius]

why not start pos minting tomorrow or in few days.

also pow minting should go on for many years right but the rewards are just 10 coin per block?  maybe best to chop that down to 2 coins for inflation reasons on top of the POS coins.

Why is pow stopping at 30k?  just leaving a few miners on the POW would help with security right?

We need to know what params are getting changed really.

They reversed the changes on the master branch.
They put them on a "POS fixed" branch, certainly to test them a bit before diffusion.

From what i see, the didn t change a lot

just the min and max age, and they did stop Pow at 30k

[ephes]

I shouldn't be commenting on code that is on the repository because it was just taken off:

 Revert "Add POS Cutoff Block"

This reverts commit fed2cca.

Code:

-static const int CUTOFF_POW_BLOCK = 30000;

[jaayruu]

You guys are all fuck tards for saying people are banking off this massive dump right now. YEAH YOUR GUYS ARE BUYING A TON OF CHEAP SHITCOIN. this coin will never go past 1k satoshis again. Goodluck you fuckin idiots

[GreenDude]

Gonna send a few BTC to mintpal and get wc. Please keep price under 850 next half hour.

[gefflong]

You guys are all fuck tards for saying people are banking off this massive dump right now. YEAH YOUR GUYS ARE BUYING A TON OF CHEAP SHITCOIN. this coin will never go past 1k satoshis again. Goodluck you fuckin idiots

Why are you so butthurt?

[Auna]

You guys are all fuck tards for saying people are banking off this massive dump right now. YEAH YOUR GUYS ARE BUYING A TON OF CHEAP SHITCOIN. this coin will never go past 1k satoshis again. Goodluck you fuckin idiots

Seriously, what are you doing here? Let me say who's tard... YOU. And by the way, this will go past 1k sat in 12 hours.

[nate@exist]

Shades of an AltCoin War

There is no question that the last 24-48 hours the AltCoin community, particularly the three "ShadeCoin", White, Dark and Black, have been filled with an incredible amount of both positive and negative energy. There is no question that these three coins are essentially "at war". Having followed the past few days very closely, I wanted to provide my detailed perspective on what has been happening, why, and most importantly, what this means for the future of these coins.

Most of the posts on this particular forum (Whitecoin), those posted in the last 24 hours were in all likelihood SPAM, complete lies posted by people who created brand new accounts on bitcointalk to spread FUD (Fear, Uncertainty, Doubt... Or as I see it "Disruption), in order to capitalize on their own personal cryto-currency goals.

The tactics used however, particularly those used to question the integrity and security of the Whitecoin protocol have been by far the most disappointing.

So... The first point I want to address is:  Why would people do this?

There are two reasons which I see as being the most likely scenarios:

1.) If a person or small group of people can essentially "Mass-Spam" a coin community with disinformation or "lies", those which cannot be confirmed or disproved quickly, a large enough portion of the coin holders who's coins are under this attack (Whitecoin in this case) will be driven into a state of fear, and where there is fear, people sell. A mass exodus of selling causes additional panic, leading to more selling, which drives the price down.

--- So, Why do this?

By driving the price down these Spamers will have the ability to buy the coins at much lower levels.  Once the disinformation they have posted is proved to be false, the coin will then rally back to normal if not far exceeding levels, resulting in huge profits for the attackers.

2.) The other likely reason would be a competing coin's community, users, or even Devs, would attack their competitor with posts to forums, twitter and the like to discredit the coin in hopes to drive them out.

--- Again, Why do this?

There is a limited supply of money being traded in alt-coins. Altcoin creators are essentially all competing for a piece of the same pie. More buyers mean higher prices. By spreading disinformation, uninformed and inexperienced traders will read these posts and see them as being the gospel.  Fear sets in, and they sell.  

Now if you're a trader, particularly a new trader, waiting on the side lines for the right opportunity is no fun.  

Most neophyte traders will likely immediately seek a new place to park their BTC as an investment. Right now, there is no question Blackcoin, Darkcoin, and Whitecoin are in a fierce competition for a limited amount of BTC which is within the exchanges and at play to trade with. Those very BTC are the necessary fuel for any and all growth. Lack of new BTC being fed into an altcoin means stagnation... And traders, particularly the new ones, "must" see action in order to feel they are "in the game".

Thus a coin that meerly churns, meaning no new influx of BTC, will likely trade sideways, resulting in boredom, which psychologically progresses into anxiety. This anxiety, or felling that missed opportunities are passing at every moment as their altcoin investment meerly treads water inevitably leads to selling off and looking for a new and better play.

--- CONSIDER THE FACTS OF WHAT HAS OCCURRED WITH WHITECOIN

The information, or disinformation that has been posted about Whitecoin lacks credibility In my opinion for a number of reasons.

1.) Timing:  The release of this so called "highly critical and important information", information by which caused mass panic, was released to the public in the middle of the night on a Saturday/Sunday. A time most likely when the actual developers would be either asleep or out to dinner, or putting the kids to bed,  and not available to respond to what was being posted.

What professional developer would seriously disseminate important information to his community in the middle of the night on a weekend.  And if so, why would he only do so only on this forum and on twitter, using brand new accounts with little to no posts.  

Lastly, why would he chose not to post this also on his own website?

These factors in terms of timing are the main reason the information these posters provided I find to be highly suspicious and untrue.

2.) Users:  All of the disinformation posted was posted by brand new accounts created within hours of the release of the said information. These users claimed to be a part of the development team.

I consider this also to be highly suspect of foul play.

3.). PoW to PoS Transition:  Whitecoin recently finalized its mining phase, and has now entered into its Proof of Stake phase.  This switch occurred less than 72 hours ago.  

With any major switchover, there were some minor bugs that were immediately resolved.  

New PoS multipools were being set up by pool operators independent of Whitecoin. New pools almost always have things to work out as in a matter of hours the user load increases by huge amounts.

The timing of this suspect information coincided with these minor issues, issues which in fact all coins have faced during a transition phase.  I personally believe the attackers of Whitecoin timed their attack to exploit these minor bugs and add to any already existing stress within the Whitecoin community.

To Note: Most, if not all of these minor issues have since been resolved.

--- REALITY

Whitecoin is now priced at levels that offer unprecedented opportunities to traders. This opportunity has been made available to the entire altcoin community at the expense of those who sold off and likely realized losses in their Whitecoin investments.

The price levels we are seeing right now allow traders to get in at severely undervalued price points and ride the "rocketship" as many coiners call it, as the coin begins to recover.

You have to remember:  Coins like Blackcoin and Darkcoin were both at one point in time worth less than 1000 Satoshis.  Yet these coins managed to skyrocket in value to levels of 90,000 and 500,000 respectively.

The truth is this growth is impossible to sustain.  10,000% returns are now 100% impossible to see again with both Blackcoin and Darkcoin. If you didn't get in weeks ago, I'm sorry you missed the boat.

Whitecoin however is a clearly different story.  

1.) Whitecoin is perhaps the most publicized and rapidly accepted altcoin to hit the exchanges in months.  Within a few weeks time it had been added to virtually all of the major exchanges, as well as listed on BitcoinWisdom. This alone is unprecedented.

2.) Whitecoin is the only one of the three "shadecoins", that being White, Dark, Black; that can actually grow by leaps and bounds. 1000%, 10,000%, 50,000% is certainly possible. This is what both Blackcoin and Darkcoin were able to achieve, but have since fallen considerably and become less attractive to the investment community. Whitecoin is the new kid on the block, he's gotten a lot of attention recently, and the other 2 shades aren't too happy their values have since been dropping as Whitecoin sucked up a lot of the volume and Market Cap.

Now considering all three of these coins are speculative investments; as are ALL altcoins, there being still no mainstream acceptance in terms of being used as a payment method, you have to ask yourself this question...

--- Why invest in any altcoin?

- If you are investing in altcoins for the mere point of being a part of a world changing shift of how money is treated and transacted, invest in coins you see as having unique features or philanthropic aspects which appeal to your personal aspirations. You aren't in this for the money. You want to change the world. Honestly, I applaud you.

- If you are investing and trading to make money, and capitalize on as much value growth as possible resulting in huge returns, you should be looking for oversold, underpriced options.

These coins will be the ones that go from 700 to 250,000 and make you rich.  A coin like Darkcoin would have to rise at its current price by a factor of 250 times to see the same growth... Growth that is a very real possibility with Whitecoin. That means that Darkcoin would have to near reach the price of Bitcoin. Personally, I do not see that as being even the most remote possibility.

MY CONCLUSION

 The Blackcoin and Darkcoin ships have sailed. They made people who got in early and held for the months it took for the coin to go from 1000 to astronomical levels very rich.  Blackcoin in particular took roughly 32 days to move from its final 900 level to 90,000.  32 days. It takes time. Those that bought and held, I am sure are now buying very nice houses.

The past 24 hours have been filled with garbage posts which have no reliable information and lack integrity from all angles.

Whitecoin in my opinion is the next player in what I refer to as HyperGrowth Capitalization. Growth that will make millionaires out of ordinary people. It may take 32 days as it did with Blackcoin, or even longer as in the case of Darkcoin. If you remember Bitcoin took years. However,  It is the only coin as of right now that has the realistic potential to see such gains.  It has a strong community.  It's developers are actively engaged in promoting and advancing the coin into the future.  It's incredibly oversold on bad information. I wish I had more BTC to buy in.

But only time will tell. Don't take my words for the holy grail. But also don't listen to most of the negative  information you will likely find on the Whitecoin board. Do research. Be a smart investor. Don't risk what you can't afford to lose.

You can follow me on Twitter @Stratobitz   I frequently post tips on what's breaking out, as well as what I feel is likely to correct or crash.

Best of luck to all.

Strato
[/size]

Not much to add other than...

http://1.bp.blogspot.com/-wGd2NtdnflY/UQ5C3j9bXOI/AAAAAAAAI9U/ErAkjFd5KBY/s1600/citizen-kane-clapping.jpg

Wow thanks best response thus far! Glad you found it informative.

Very concise and to the point - you have a great ability for seeing the bigger picture.
I'm glad I ignored the FUD and held onto my coins, even bought more at a bargain price.

I am also sick of all the childish squabbling on this forum - it really makes a mockery of the whole altcoin industry.

[jamieb81]

You guys are all fuck tards for saying people are banking off this massive dump right now. YEAH YOUR GUYS ARE BUYING A TON OF CHEAP SHITCOIN. this coin will never go past 1k satoshis again. Goodluck you fuckin idiots

Why are you so butthurt?

He is not butthurt, he is just being realistic.

I just can't understand how everyone here is wearing eye patches and does not see that WC won't get anywhere no more..

[mineworker]

Shades of an AltCoin War

There is no question that the last 24-48 hours the AltCoin community, particularly the three "ShadeCoin", White, Dark and Black, have been filled with an incredible amount of both positive and negative energy. There is no question that these three coins are essentially "at war". Having followed the past few days very closely, I wanted to provide my detailed perspective on what has been happening, why, and most importantly, what this means for the future of these coins.

Most of the posts on this particular forum (Whitecoin), those posted in the last 24 hours were in all likelihood SPAM, complete lies posted by people who created brand new accounts on bitcointalk to spread FUD (Fear, Uncertainty, Doubt... Or as I see it "Disruption), in order to capitalize on their own personal cryto-currency goals.

The tactics used however, particularly those used to question the integrity and security of the Whitecoin protocol have been by far the most disappointing.

So... The first point I want to address is:  Why would people do this?

There are two reasons which I see as being the most likely scenarios:

1.) If a person or small group of people can essentially "Mass-Spam" a coin community with disinformation or "lies", those which cannot be confirmed or disproved quickly, a large enough portion of the coin holders who's coins are under this attack (Whitecoin in this case) will be driven into a state of fear, and where there is fear, people sell. A mass exodus of selling causes additional panic, leading to more selling, which drives the price down.

--- So, Why do this?

By driving the price down these Spamers will have the ability to buy the coins at much lower levels.  Once the disinformation they have posted is proved to be false, the coin will then rally back to normal if not far exceeding levels, resulting in huge profits for the attackers.

2.) The other likely reason would be a competing coin's community, users, or even Devs, would attack their competitor with posts to forums, twitter and the like to discredit the coin in hopes to drive them out.

--- Again, Why do this?

There is a limited supply of money being traded in alt-coins. Altcoin creators are essentially all competing for a piece of the same pie. More buyers mean higher prices. By spreading disinformation, uninformed and inexperienced traders will read these posts and see them as being the gospel.  Fear sets in, and they sell.  

Now if you're a trader, particularly a new trader, waiting on the side lines for the right opportunity is no fun.  

Most neophyte traders will likely immediately seek a new place to park their BTC as an investment. Right now, there is no question Blackcoin, Darkcoin, and Whitecoin are in a fierce competition for a limited amount of BTC which is within the exchanges and at play to trade with. Those very BTC are the necessary fuel for any and all growth. Lack of new BTC being fed into an altcoin means stagnation... And traders, particularly the new ones, "must" see action in order to feel they are "in the game".

Thus a coin that meerly churns, meaning no new influx of BTC, will likely trade sideways, resulting in boredom, which psychologically progresses into anxiety. This anxiety, or felling that missed opportunities are passing at every moment as their altcoin investment meerly treads water inevitably leads to selling off and looking for a new and better play.

--- CONSIDER THE FACTS OF WHAT HAS OCCURRED WITH WHITECOIN

The information, or disinformation that has been posted about Whitecoin lacks credibility In my opinion for a number of reasons.

1.) Timing:  The release of this so called "highly critical and important information", information by which caused mass panic, was released to the public in the middle of the night on a Saturday/Sunday. A time most likely when the actual developers would be either asleep or out to dinner, or putting the kids to bed,  and not available to respond to what was being posted.

What professional developer would seriously disseminate important information to his community in the middle of the night on a weekend.  And if so, why would he only do so only on this forum and on twitter, using brand new accounts with little to no posts.  

Lastly, why would he chose not to post this also on his own website?

These factors in terms of timing are the main reason the information these posters provided I find to be highly suspicious and untrue.

2.) Users:  All of the disinformation posted was posted by brand new accounts created within hours of the release of the said information. These users claimed to be a part of the development team.

I consider this also to be highly suspect of foul play.

3.). PoW to PoS Transition:  Whitecoin recently finalized its mining phase, and has now entered into its Proof of Stake phase.  This switch occurred less than 72 hours ago.  

With any major switchover, there were some minor bugs that were immediately resolved.  

New PoS multipools were being set up by pool operators independent of Whitecoin. New pools almost always have things to work out as in a matter of hours the user load increases by huge amounts.

The timing of this suspect information coincided with these minor issues, issues which in fact all coins have faced during a transition phase.  I personally believe the attackers of Whitecoin timed their attack to exploit these minor bugs and add to any already existing stress within the Whitecoin community.

To Note: Most, if not all of these minor issues have since been resolved.

--- REALITY

Whitecoin is now priced at levels that offer unprecedented opportunities to traders. This opportunity has been made available to the entire altcoin community at the expense of those who sold off and likely realized losses in their Whitecoin investments.

The price levels we are seeing right now allow traders to get in at severely undervalued price points and ride the "rocketship" as many coiners call it, as the coin begins to recover.

You have to remember:  Coins like Blackcoin and Darkcoin were both at one point in time worth less than 1000 Satoshis.  Yet these coins managed to skyrocket in value to levels of 90,000 and 500,000 respectively.

The truth is this growth is impossible to sustain.  10,000% returns are now 100% impossible to see again with both Blackcoin and Darkcoin. If you didn't get in weeks ago, I'm sorry you missed the boat.

Whitecoin however is a clearly different story.  

1.) Whitecoin is perhaps the most publicized and rapidly accepted altcoin to hit the exchanges in months.  Within a few weeks time it had been added to virtually all of the major exchanges, as well as listed on BitcoinWisdom. This alone is unprecedented.

2.) Whitecoin is the only one of the three "shadecoins", that being White, Dark, Black; that can actually grow by leaps and bounds. 1000%, 10,000%, 50,000% is certainly possible. This is what both Blackcoin and Darkcoin were able to achieve, but have since fallen considerably and become less attractive to the investment community. Whitecoin is the new kid on the block, he's gotten a lot of attention recently, and the other 2 shades aren't too happy their values have since been dropping as Whitecoin sucked up a lot of the volume and Market Cap.

Now considering all three of these coins are speculative investments; as are ALL altcoins, there being still no mainstream acceptance in terms of being used as a payment method, you have to ask yourself this question...

--- Why invest in any altcoin?

- If you are investing in altcoins for the mere point of being a part of a world changing shift of how money is treated and transacted, invest in coins you see as having unique features or philanthropic aspects which appeal to your personal aspirations. You aren't in this for the money. You want to change the world. Honestly, I applaud you.

- If you are investing and trading to make money, and capitalize on as much value growth as possible resulting in huge returns, you should be looking for oversold, underpriced options.

These coins will be the ones that go from 700 to 250,000 and make you rich.  A coin like Darkcoin would have to rise at its current price by a factor of 250 times to see the same growth... Growth that is a very real possibility with Whitecoin. That means that Darkcoin would have to near reach the price of Bitcoin. Personally, I do not see that as being even the most remote possibility.

MY CONCLUSION

 The Blackcoin and Darkcoin ships have sailed. They made people who got in early and held for the months it took for the coin to go from 1000 to astronomical levels very rich.  Blackcoin in particular took roughly 32 days to move from its final 900 level to 90,000.  32 days. It takes time. Those that bought and held, I am sure are now buying very nice houses.

The past 24 hours have been filled with garbage posts which have no reliable information and lack integrity from all angles.

Whitecoin in my opinion is the next player in what I refer to as HyperGrowth Capitalization. Growth that will make millionaires out of ordinary people. It may take 32 days as it did with Blackcoin, or even longer as in the case of Darkcoin. If you remember Bitcoin took years. However,  It is the only coin as of right now that has the realistic potential to see such gains.  It has a strong community.  It's developers are actively engaged in promoting and advancing the coin into the future.  It's incredibly oversold on bad information. I wish I had more BTC to buy in.

But only time will tell. Don't take my words for the holy grail. But also don't listen to most of the negative  information you will likely find on the Whitecoin board. Do research. Be a smart investor. Don't risk what you can't afford to lose.

You can follow me on Twitter @Stratobitz   I frequently post tips on what's breaking out, as well as what I feel is likely to correct or crash.

Best of luck to all.

Strato
[/size]

Not much to add other than...

Wow thanks best response thus far! Glad you found it informative.

Very concise and to the point - you have a great ability for seeing the bigger picture.
I'm glad I ignored the FUD and held onto my coins, even bought more at a bargain price.

I am also sick of all the childish squabbling on this forum - it really makes a mockery of the whole altcoin industry.

It pissed me off this afternoon, seems those holding BC seem they have a given right to have a go and undermine WC. Same people probably decided DOGE was no good and look at what they did.