[ANN] [SDR] Solidar fka WorldLeadCurrency a Freigeld coin for a basic income

[rik8119]

Payout for September is filled.
Have fun Rik

[eye4bd]

Payout for September is filled.
Have fun Rik

Hi
Thank you for taking this challenge and continuous fight keeping it alive. Few months back this kind of things was tottaly unthinkable for me. Actually it's not only for me, but everyone where I born and living.
For me appreciation to your on going work isn't discribale. Was tried my best to learn more about WLC! But some points are still remain tough to understand for me.

Like's_ how much WLC one perticepents receive as a monthly basic income?
Is that change over time as perticepents become older!

Where I should go to learning more about WLC!
There is any way to involve WLC for contribute by laboring!

Thanks!

[Apriand]

Payout for September is filled.
Have fun Rik

Good job rik you still active here in this forum to control your coin, but why WLC have no value and volume at c-cex? you're one of best dev but other exchange for WLC still needed.

[rik8119]

Payout for September is filled.
Have fun Rik

Hi
Thank you for taking this challenge and continuous fight keeping it alive. Few months back this kind of things was tottaly unthinkable for me. Actually it's not only for me, but everyone where I born and living.
For me appreciation to your on going work isn't discribale. Was tried my best to learn more about WLC! But some points are still remain tough to understand for me.

Like's_ how much WLC one perticepents receive as a monthly basic income?
Is that change over time as perticepents become older!

Where I should go to learning more about WLC!
There is any way to involve WLC for contribute by laboring!

Thanks!

Hi, the amout of WLCs payed as a basic income will decrease when there are more participants than coins are generated through demurrage.

The amount of demurraged coins (old coins are degraded new coins are minted at the same rate) is round about 300k / month at a block generation rate of 6/hour. This means everybody becomes 1 WLC / month as long as there are under ~300k participants.

As soon as there are more than ~300k participants The number of WLC/ participant will decrease. Those that have started earlier are favored to support early adopters.

I don't fully understand your 2. question, can you please explain it in more detail?
Are you asking to help or what bounties there are or do you want
There are many things around WLC that are not too easy to explain like the voucher status, so if there are open questions feel free to ask.

Rik

[rik8119]

Payout for September is filled.
Have fun Rik

Good job rik you still active here in this forum to control your coin, but why WLC have no value and volume at c-cex? you're one of best dev but other exchange for WLC still needed.

Thank you. But there are still many things to learn about Bitcoin and the community. For example i can not make an explorer for the coin. All explorers are crashing or are build for Bitcoin and have a problem with the big decimal numbers of WLC. I was thinking about having an interface that is communicating with our electrum server.

The easy answer to the missing volume is that those that have coins are not willing to sell their coins for actual prices and those that want coins are not ready to pay more than the price is.

The more complex answer is that big markets attract more traders and volume increase. Of course this could also help the popularity of the coin but somewhere it has to start. If there is the wish to put it on other exanges like lets say yobit, it is surely an option. But by now there was no explicit demand for that.

Thanks for the input, Rik

[IconFirm]

If there is the wish to put it on other exanges like lets say yobit, it is surely an option.

I urge you to avoid YoBit at all costs - it's a scam exchange with no support, see here:

https://bitcointalk.org/index.php?topic=914975.msg16079906#msg16079906

Nothing but lies & theft - beware.

[DigitalCurrencyConsultant]

WLC WorldLeadCurrency has been added to NovaExchange
Welcome to Sweden!!
WLC is trading inside the btc, espers, ltc, doge, aricoin and cryptojacks base markets


Please update the OP 

[pcoin]

Congratulations for your coin been listed in another popular exchange however it would be nice to increase the monthly payout because 1 wlc per month is not that encouraging.

[rik8119]

Congratulations for your coin been listed in another popular exchange however it would be nice to increase the monthly payout because 1 wlc per month is not that encouraging.

Hi thanks for your idea,

there are 2 main problems with increasing the payout.

1. It is very likely that the price will drop due to increase of money supply.
There is a demand problem i think this can not be solved by increasing the supply.

2. The mining reward would shrink. As you may have observed the mining is not very constant.
Increasing the payout drops the mining reward what makes mining even more unstable.

I know that it is not encouraging but the main focus needs to be on increasing demand.

Rik

[rik8119]

Hello World,

i have a good and two bad infos.

The bad is that c-cex.com dont want to cooperate with us in distributing the basic income.
and novaexchange had to delist WLC again because oft the low volume.

The good news is that we are cooperating with the financial autonomous zone from italy: https://domenicods.wordpress.com/faz-eng/
They have comparable aims and want to push the idea of a basic income with Freigeld.

We will rebrand the coin and give it a much more user friendly homepage with donationspage, crowdfounding and marketplace included.

I will announce further details as we finish parts of the project, Rik

[crackfoo]

2016-09-25 14:13:50   nActualTimespan = 19670  before bounds
2016-09-25 14:13:50 GetNextWorkRequired RETARGET
2016-09-25 14:13:50 dAdjustmentFactor = 3.90442
2016-09-25 14:13:50 Before: 1a036308  0000000000000363080000000000000000000000000000000000000000000000
2016-09-25 14:13:50 After:  1a00de10  00000000000000de105955555555555555555555555555555555555555555555
2016-09-25 14:13:50 ERROR: ConnectBlock() : coinbase pays too much (actual=76.29404532 vs limit=76.29404531954693128200243655760667466760082013849260080297210576562447903366104382225536894871690922481644037134174141101539134979248046875)
2016-09-25 14:13:55 connection timeout
2016-09-25 14:13:56 trying connection 176.101.254.177:55889 lastseen=1270.7hrs

I keep getting errors trying to mine now.

Any ideas?

[ricku]

Payout for September is filled.
Have fun Rik

Hello Rik, i have not received my monthly cut, kindly double check in order to effect my payment.

[rik8119]

2016-09-25 14:13:50   nActualTimespan = 19670  before bounds
2016-09-25 14:13:50 GetNextWorkRequired RETARGET
2016-09-25 14:13:50 dAdjustmentFactor = 3.90442
2016-09-25 14:13:50 Before: 1a036308  0000000000000363080000000000000000000000000000000000000000000000
2016-09-25 14:13:50 After:  1a00de10  00000000000000de105955555555555555555555555555555555555555555555
2016-09-25 14:13:50 ERROR: ConnectBlock() : coinbase pays too much (actual=76.29404532 vs limit=76.29404531954693128200243655760667466760082013849260080297210576562447903366104382225536894871690922481644037134174141101539134979248046875)
2016-09-25 14:13:55 connection timeout
2016-09-25 14:13:56 trying connection 176.101.254.177:55889 lastseen=1270.7hrs

I keep getting errors trying to mine now.

Any ideas?

can you edit the main.cpp in line 4948 and add a -1 before the semincolon?

mpq nBlockReward = (GetInitialDistributionAmount(nHeight) + GetPerpetualSubsidyAmount(nHeight)) * (1 - TITHE_RATIO) + nFees -1;

Then recomile the client and start again. Thanks.

somehow there seems to be rounding problem on some servers. This fix should decrease the mining reward by one satoshi and coinbase should pay right amount. Please let me know if it works.

[crackfoo]

2016-09-25 14:13:50   nActualTimespan = 19670  before bounds
2016-09-25 14:13:50 GetNextWorkRequired RETARGET
2016-09-25 14:13:50 dAdjustmentFactor = 3.90442
2016-09-25 14:13:50 Before: 1a036308  0000000000000363080000000000000000000000000000000000000000000000
2016-09-25 14:13:50 After:  1a00de10  00000000000000de105955555555555555555555555555555555555555555555
2016-09-25 14:13:50 ERROR: ConnectBlock() : coinbase pays too much (actual=76.29404532 vs limit=76.29404531954693128200243655760667466760082013849260080297210576562447903366104382225536894871690922481644037134174141101539134979248046875)
2016-09-25 14:13:55 connection timeout
2016-09-25 14:13:56 trying connection 176.101.254.177:55889 lastseen=1270.7hrs

I keep getting errors trying to mine now.

Any ideas?

can you edit the main.cpp in line 4948 and add a -1 before the semincolon?

mpq nBlockReward = (GetInitialDistributionAmount(nHeight) + GetPerpetualSubsidyAmount(nHeight)) * (1 - TITHE_RATIO) + nFees -1;

Then recomile the client and start again. Thanks.

somehow there seems to be rounding problem on some servers. This fix should decrease the mining reward by one satoshi and coinbase should pay right amount. Please let me know if it works.

2016-09-25 17:53:10 ERROR: Aux POW missing chain merkle root in parent coinbase
2016-09-25 17:53:10 ERROR: AUX POW is not valid

[rik8119]

2016-09-25 14:13:50   nActualTimespan = 19670  before bounds
2016-09-25 14:13:50 GetNextWorkRequired RETARGET
2016-09-25 14:13:50 dAdjustmentFactor = 3.90442
2016-09-25 14:13:50 Before: 1a036308  0000000000000363080000000000000000000000000000000000000000000000
2016-09-25 14:13:50 After:  1a00de10  00000000000000de105955555555555555555555555555555555555555555555
2016-09-25 14:13:50 ERROR: ConnectBlock() : coinbase pays too much (actual=76.29404532 vs limit=76.29404531954693128200243655760667466760082013849260080297210576562447903366104382225536894871690922481644037134174141101539134979248046875)
2016-09-25 14:13:55 connection timeout
2016-09-25 14:13:56 trying connection 176.101.254.177:55889 lastseen=1270.7hrs

I keep getting errors trying to mine now.

Any ideas?

can you edit the main.cpp in line 4948 and add a -1 before the semincolon?

mpq nBlockReward = (GetInitialDistributionAmount(nHeight) + GetPerpetualSubsidyAmount(nHeight)) * (1 - TITHE_RATIO) + nFees -1;

Then recomile the client and start again. Thanks.

somehow there seems to be rounding problem on some servers. This fix should decrease the mining reward by one satoshi and coinbase should pay right amount. Please let me know if it works.

2016-09-25 17:53:10 ERROR: Aux POW missing chain merkle root in parent coinbase
2016-09-25 17:53:10 ERROR: AUX POW is not valid

Ok, never seen this error before. The servers i did set up in the past hadnt had those problems. Can you give some details about the system you are using? so i can look into it.

@ricku i do not know what happend. Maybe i missed to add so txfee. I will check it.

[rik8119]

Payout for September is filled.
Have fun Rik

Hello Rik, i have not received my monthly cut, kindly double check in order to effect my payment.

Hi ricku,

i have found a transaction "tx_hash": "078801bdbe958a88442eaec33c3bf45868a000c95802411584e246c95fd50d63", "height": 69222 from 02.09 where 1 WLC was payed to the address you provided at verify.winc-ev.com. Can you please ensure, if that transaction dont arrive there may be a problem with your wallet installation.

Greetings Rik

[pcoin]

Congratulations for your coin been listed in another popular exchange however it would be nice to increase the monthly payout because 1 wlc per month is not that encouraging.

Hi thanks for your idea,

there are 2 main problems with increasing the payout.

1. It is very likely that the price will drop due to increase of money supply.
There is a demand problem i think this can not be solved by increasing the supply.

2. The mining reward would shrink. As you may have observed the mining is not very constant.
Increasing the payout drops the mining reward what makes mining even more unstable.

I know that it is not encouraging but the main focus needs to be on increasing demand.

Rik

Your defense may sounds right but 1 wlc per month is nothing to write home about, it does not even worth 1000 sats, though it is not compulsory that i participate here but just for other people that are thinking in my standard.

[rik8119]

Your defense may sounds right but 1 wlc per month is nothing to write home about, it does not even worth 1000 sats, though it is not compulsory that i participate here but just for other people that are thinking in my standard.

It may sounds like an excuse but it was an explanation why it makes no sense to increase supply. It may shortly increases attraction but this could only be a short gold rush, with the following hangover. For a stable system slow increase in adoption is to prefer. Additionally at this state it is very easy to open several accounts which would give unfair players an unwanted advance.

Rik

[rik8119]

Hello everybody,

crackfoo and me have seen that Terracoin and WLC have the same ChainID return 0x0011. To change that there have to be a hard fork, does anybody have any retention against it?

I would like to include that the long numbers are cutted into 8 digits, what also would need a hard fork.

Rik

[rik8119]

Hello World,

UBI october is payed:

e038bcc74c8b6cb8d828ed6160be8634cea9cd072e1b24b0fa1562443050c6e9

http://zpool.ca/explorer/WLC?txid=e038bcc74c8b6cb8d828ed6160be8634cea9cd072e1b24b0fa1562443050c6e9

if there are any questions please contact me.

Rik