[PRE-ANN] - The WhiteCoin Foundation - Community Planning & Discussion

[jdebunt]

http://www.cryptoarticles.com/crypto-news/2014/4/29/updated-whitecoin-client-confirmed-to-stake-on-testnet-release-imminent#

Small article about the updates, keep up the good work

[litepresence]

18. Ku / Work on what has been spoiled [ Decay ]





   
above  Kên
KEEPING STILL, MOUNTAIN

   
below  Sun
THE GENTLE, WIND


The Chinese character ku represents a bowl in whose contents worms are
breeding. This means decay. IT is come about because the gentle indifference
in the lower trigram has come together with the rigid inertia of the upper,
and the result is stagnation. Since this implies guilt, the conditions embody a
demand for removal of the cause. Hence the meaning of the hexagram is not
simply "what has been spoiled" but "work on what has been spoiled".  

   THE JUDGMENT


   WORK ON WHAT HAS BEEN SPOILED
   Has supreme success.
   It furthers one to cross the great water.
   Before the starting point, three days.
   After the starting point, three days.

What has been spoiled through man's fault can be made good again through
man's work. IT is not immutable fate, as in the time of STANDSTILL, that
has caused the state of corruption, but rather the abuse of human freedom.
Work toward improving conditions promises well, because it accords the
possibilities of the time. We must not recoil from work and danger-
symbolized by crossing of the great water-but must take hold energetically.
Success depends, however, on proper deliberation. This is expressed by the
lines, "Before the starting point, three days. After the starting point, three
days." We must first know the cause of corruption before we can do away
with them; hence it is necessary to be cautious during the time before the
start. Then we must see to it that the new way is safely entered upon, so that
a relapse may be avoided; therefore we must pay attention to the time after
the start. Decisiveness and energy must take the place of inertia and
indifference that have led to decay, in order that the ending may be followed
by a new beginning.

   THE IMAGE


   The wind blows low on the mountain:
   The image of DECAY.
   Thus the superior man stirs up the people
   And strengthens their spirit.

When the wind blow s slow on the mountain, it is thrown back and spoils
the vegetation. This contains a challenge to improvement. It is the same
with debasing attitudes and fashions; they corrupt human society. His
methods likewise must be derived from the two trigrams, but in such a way
that their effects unfold in orderly sequence. The superior must first remove
stagnation by stirring up public opinion, as the wind stirs up everything, and
must strengthen and tranquilize the character of the people, as the mountain
gives tranquillity and nourishment to all that grows in its vicinity.

   
   THE LINES


   Six in the beginning means:
   Setting right what has been spoiled by the father.
   If there is a son,
   No blame rests upon the departed father.
   Danger. In the end good fortune.

Rigid adherence to tradition has resulted in decay. But the decay has not yet
penetrated deeply and so can still be easily remedied. It is as if a son were
compensated for the decay his father allowed to creep in. Then no blame
attaches to the father. However, one must not overlook the danger or take
the matter too lightly. Only if one is conscious of the danger connected with
every reform will everything go well in the end.

   Nine in the second place means:
   Setting right what has been spoiled by the mother.
   One must not be too persevering.

   
This refers to mistakes that as a result of weakness have brought about decay-
hence the symbol, "what has been spoiled by the mother. " In setting things
right in such a case, a certain gentle consideration is called for. In order not to
wound, one should not attempt to proceed too drastically.
   
   Nine in the third place means:
   Setting right what has been spoiled by the father.
   There will be a little remorse. No great blame.

This describes a man who proceeds a little too energetically in righting the
mistakes of the past. Now and then, as a result, minor discourse and
annoyances will surely develop. But too much energy is better than too little.
Therefore, although he may at times have slight cause for regret, he remains
free of any serious blame.

   Six in the fourth place means:
   Tolerating what has been spoiled by the father.
   In continuing one sees humiliation.

   
This shows the situation of someone too weak to take measures against decay
that has its roots in the past and is just beginning to manifest itself. It is
allowed to run its course. If this continues, humiliation will result.

   Six in the fifth place means:
   Setting right what has been spoiled by the father.
   One meets with praise.

An individual is confronted with corruption originating from neglect in
former times. He lacks the power to ward it off alone, but with able helpers
he can at least bring about a thorough reform, if he cannot create a new
beginning, and this also is praiseworthy.


   Nine at the top means:
   He does not serve kings and princes,
   Sets himself higher goals.

   
Not every man has an obligation to mingle in the affairs of the world. There
are some who are developed to such a degree that they are justified in letting
the world go its own way and refusing to enter public life with a view to
reforming it. But this does not imply a right to remain idle or to sit back and
merely criticize. Such withdrawal is justified only when we strive to realize
in ourselves the higher aims of mankind. For although the sage remains
distant from the turmoil of daily life, he creates incomparable human values
for the future.

[amithus705]

18. Ku / Work on what has been spoiled [ Decay ]





   
above  Kên
KEEPING STILL, MOUNTAIN

   
below  Sun
THE GENTLE, WIND

Maybe I'm simple, but I'm lost by this post. Are you sure you're in the right place for this?

[WCfan]

mogonzo, can you please clarify the intentions of creating a 28 day stake time?

thanks

[barryzand]

18. Ku / Work on what has been spoiled [ Decay ]





   
above  Kên
KEEPING STILL, MOUNTAIN

   
below  Sun
THE GENTLE, WIND


The Chinese character ku represents a bowl in whose contents worms are
breeding. This means decay. IT is come about because the gentle indifference
in the lower trigram has come together with the rigid inertia of the upper,
and the result is stagnation. Since this implies guilt, the conditions embody a
demand for removal of the cause. Hence the meaning of the hexagram is not
simply "what has been spoiled" but "work on what has been spoiled".  

   THE JUDGMENT


   WORK ON WHAT HAS BEEN SPOILED
   Has supreme success.
   It furthers one to cross the great water.
   Before the starting point, three days.
   After the starting point, three days.

What has been spoiled through man's fault can be made good again through
man's work. IT is not immutable fate, as in the time of STANDSTILL, that
has caused the state of corruption, but rather the abuse of human freedom.
Work toward improving conditions promises well, because it accords the
possibilities of the time. We must not recoil from work and danger-
symbolized by crossing of the great water-but must take hold energetically.
Success depends, however, on proper deliberation. This is expressed by the
lines, "Before the starting point, three days. After the starting point, three
days." We must first know the cause of corruption before we can do away
with them; hence it is necessary to be cautious during the time before the
start. Then we must see to it that the new way is safely entered upon, so that
a relapse may be avoided; therefore we must pay attention to the time after
the start. Decisiveness and energy must take the place of inertia and
indifference that have led to decay, in order that the ending may be followed
by a new beginning.

   THE IMAGE


   The wind blows low on the mountain:
   The image of DECAY.
   Thus the superior man stirs up the people
   And strengthens their spirit.

When the wind blow s slow on the mountain, it is thrown back and spoils
the vegetation. This contains a challenge to improvement. It is the same
with debasing attitudes and fashions; they corrupt human society. His
methods likewise must be derived from the two trigrams, but in such a way
that their effects unfold in orderly sequence. The superior must first remove
stagnation by stirring up public opinion, as the wind stirs up everything, and
must strengthen and tranquilize the character of the people, as the mountain
gives tranquillity and nourishment to all that grows in its vicinity.

   
   THE LINES


   Six in the beginning means:
   Setting right what has been spoiled by the father.
   If there is a son,
   No blame rests upon the departed father.
   Danger. In the end good fortune.

Rigid adherence to tradition has resulted in decay. But the decay has not yet
penetrated deeply and so can still be easily remedied. It is as if a son were
compensated for the decay his father allowed to creep in. Then no blame
attaches to the father. However, one must not overlook the danger or take
the matter too lightly. Only if one is conscious of the danger connected with
every reform will everything go well in the end.

   Nine in the second place means:
   Setting right what has been spoiled by the mother.
   One must not be too persevering.

   
This refers to mistakes that as a result of weakness have brought about decay-
hence the symbol, "what has been spoiled by the mother. " In setting things
right in such a case, a certain gentle consideration is called for. In order not to
wound, one should not attempt to proceed too drastically.
   
   Nine in the third place means:
   Setting right what has been spoiled by the father.
   There will be a little remorse. No great blame.

This describes a man who proceeds a little too energetically in righting the
mistakes of the past. Now and then, as a result, minor discourse and
annoyances will surely develop. But too much energy is better than too little.
Therefore, although he may at times have slight cause for regret, he remains
free of any serious blame.

   Six in the fourth place means:
   Tolerating what has been spoiled by the father.
   In continuing one sees humiliation.

   
This shows the situation of someone too weak to take measures against decay
that has its roots in the past and is just beginning to manifest itself. It is
allowed to run its course. If this continues, humiliation will result.

   Six in the fifth place means:
   Setting right what has been spoiled by the father.
   One meets with praise.

An individual is confronted with corruption originating from neglect in
former times. He lacks the power to ward it off alone, but with able helpers
he can at least bring about a thorough reform, if he cannot create a new
beginning, and this also is praiseworthy.


   Nine at the top means:
   He does not serve kings and princes,
   Sets himself higher goals.

   
Not every man has an obligation to mingle in the affairs of the world. There
are some who are developed to such a degree that they are justified in letting
the world go its own way and refusing to enter public life with a view to
reforming it. But this does not imply a right to remain idle or to sit back and
merely criticize. Such withdrawal is justified only when we strive to realize
in ourselves the higher aims of mankind. For although the sage remains
distant from the turmoil of daily life, he creates incomparable human values
for the future.

you on crack?

[mogonzo]

mogonzo, can you please clarify the intentions of creating a 28 day stake time?

thanks

I believe the intention right now is 2 days.

The reasoning behind this is to do with the security of the blockchain. Our dev team is concerned that having the staking begin too early after the update could cause forks.

If any users are still on the old wallet when staking begins it would not be very good for the health of the coin. So we're going for a balance between what the original creators promised/intended and what will realistically give WhiteCoin the most value and stability going forward.

Hope that explains things.

[amithus705]

mogonzo, can you please clarify the intentions of creating a 28 day stake time?

thanks

I believe the intention right now is 2 days.

The reasoning behind this is to do with the security of the blockchain. Our dev team is concerned that having the staking begin too early after the update could cause forks.

If any users are still on the old wallet when staking begins it would not be very good for the health of the coin. So we're going for a balance between what the original creators promised/intended and what will realistically give WhiteCoin the most value and stability going forward.

Hope that explains things.

That's a good compromise. That would be a shame if people weren't able to or didn't know about the updated wallet in time and lost their coins due to a 12 hour stake. 2 Days seems legit to me.

[Halofire]

Thanks for the info, mogonzo.

8 hours BC. 2 days WC. It does encourage wallets to be open 24/7, it's better... but I still believe 12 hour would be best for the coin, or even shorter time. BC doesn't have any problems with it's PoS model. There shouldn't be a compromise when WC future is dependent on fast PoS.

Anyone else feel the same?

[amithus705]

Thanks for the info, mogonzo.

8 hours BC. 2 days WC. It does encourage wallets to be open 24/7, it's better... but I still believe 12 hour would be best for the coin, or even shorter time. BC doesn't have any problems with it's PoS model. There shouldn't be a compromise when WC future is dependent on fast PoS.

Anyone else feel the same?

I think what he's saying is that if they put a 12 hr stake in, and people don't update their wallets in that first 12 hours, the coin in their wallets may be lost? Or am I completely missing it? If that is the case, we need more than 12 hours to let people update wallets and catch up their clients.

[Pantalaimon]

All things aside, how realistic is it to expect an updated wallet within the next 24 hrs?

[virtualfaqs]

All things aside, how realistic is it to expect an updated wallet within the next 24 hrs?

2 days good. Yes, let's get wallet going.

[ecmho0]

Thanks for the info, mogonzo.

8 hours BC. 2 days WC. It does encourage wallets to be open 24/7, it's better... but I still believe 12 hour would be best for the coin, or even shorter time. BC doesn't have any problems with it's PoS model. There shouldn't be a compromise when WC future is dependent on fast PoS.

Anyone else feel the same?

I think what he's saying is that if they put a 12 hr stake in, and people don't update their wallets in that first 12 hours, the coin in their wallets may be lost? Or am I completely missing it? If that is the case, we need more than 12 hours to let people update wallets and catch up their clients.

You are correct.

[dzonikg28]

this is all pure scam ..we have all been outplayed..me 2 even i was deffensless ..they all set this up

[rudius]

Thanks for the info, mogonzo.

8 hours BC. 2 days WC. It does encourage wallets to be open 24/7, it's better... but I still believe 12 hour would be best for the coin, or even shorter time. BC doesn't have any problems with it's PoS model. There shouldn't be a compromise when WC future is dependent on fast PoS.

Anyone else feel the same?

I think what he's saying is that if they put a 12 hr stake in, and people don't update their wallets in that first 12 hours, the coin in their wallets may be lost? Or am I completely missing it? If that is the case, we need more than 12 hours to let people update wallets and catch up their clients.

You are correct.

No that s not correct. He meant that people will start staking their coins while some other people won t have updated their wallet yet, causing a fork. And with my understanding with crypto, i have to agree. I would prefer a short time but with the circumstances, 2 days is very good.

And MinAge has nothing to do with a fast crypto ^^ it s the block time that decide is it is fast or not.

[bitcoinvideos]

this is all pure scam ..we have all been outplayed..me 2 even i was deffensless ..they all set this up

I hope you aren't right about this but I have a bad feeling as Han would say...

[dzonikg28]

this is all pure scam ..we have all been outplayed..me 2 even i was deffensless ..they all set this up

I hope you aren't right about this but I have a bad feeling as Han would say...

just rewind the story..this mogonzo was part of "old dev" ..if was all set up..they would sold their stash high ..and then in the middle of the saturday night they rise a panic to make a panic sells ..so they can buy 3-4 times lower.

Which dev would make a panic in the middle of the night for 2% year stake..he would fix it in silence ..so now they keep people insecure with out wallet to lower price more until they buy at 3-4 times lower then they sell just few days ago.

IF anuone ask me i would never touch this scam again.

[Swankington]

this is all pure scam ..we have all been outplayed..me 2 even i was deffensless ..they all set this up

I hope you aren't right about this but I have a bad feeling as Han would say...

just rewind the story..this mogonzo was part of "old dev" ..if was all set up..they would sold their stash high ..and then in the middle of the saturday night they rise a panic to make a panic sells ..so they can buy 3-4 times lower.

Which dev would make a panic in the middle of the night for 2% year stake..he would fix it in silence ..so now they keep people insecure with out wallet to lower price more until they buy at 3-4 times lower then they sell just few days ago.

IF anuone ask me i would never touch this scam again.

Hahah such weak hands sir ^_^ 

Have you been to the IRC channels?  It's bustling with activity, tons of supporters and numerous devs getting the hard work done on the wallet.  The time its taking is mostly due to wanting to get it right and, yes, the shitty state the original code was in.  Our patience as a community will be rewarded.  This coin is still very young and has gotten into an incredible number of hands.  Crypto is scam proof, IF the community wants it to be.  That's the glorious thing you seem to be missing here.

WC is crazy undervalued and has all the positioning to be the biggest come back alt-coin story of the year.  Sell at your own peril.

[dzonikg28]

great that you made account to say it..we all trust you

[angryacorn]

great that you made account to say it..we all trust you

ye no shut your fud mouth already! he's been on the IRC for days now! Go get a hobby man, we grew tired of your fud on the irc and we dont need it here, you wasting space

[tristartek]

great that you made account to say it..we all trust you

What are you whinning about?  Its getting fixed.  Mongonzo was a dev, on the pool end not wallet end.  WTF is scam about it? Its just a coin like any other.