10,000 World Dollar (WLD) Giveaway - How to Claim

[world-dollar]

To all newbies.

THIS IS NOT A COIN!

EVERYBODY JUST READ THIS:

https://bitcointalk.org/index.php?topic=740526.msg8369704#msg8369704



IT´S A WORTHLESS RIPPLE IOU! Everybody can make an IOU on Ripple!


This scammer post the same shit every month.

https://bitcointalk.org/index.php?topic=763043.msg8609986#msg8609986


If you don´t believe me, ask in the Ripple-thread : https://xrptalk.org/  or here: https://forum.ripple.com/index.php?sid=363020d9322de6b4822e58e796f64edd


THIS IS A SCAM

i don't know if this a scam or not, but they want a video!!! unbelievable!

The video is required to uniquely identify everyone. It prevents anyone from being able to claim 10,000 WLD more than once. And it means we respect people's privacy by not requiring more sensitive personal information such as a name, address, date of birth, etc. to be submitted.

There has not been a bad word said about World Dollar on https://forum.ripple.com/index.php?sid=363020d9322de6b4822e58e796f64edd and there has been a mixed reaction on https://xrptalk.org/ 

For instance, https://xrptalk.org/topic/3521-world-dollar/?hl=world+dollar

Raven 274: This seems somewhat ambitious to say the least, but at least they're using Ripple http://www.world-dollar.com/

Takio: Another conspiracy theory site But yeah, at least they are using Ripple

brianwalden: I think it's an interesting experiment: What happens if you give everyone 10,000 units of currency? I wonder how they will make sure people don't make more than one claim for their allotment of world dollars?

AndrewSF: Kudos for trying something new!

... On the other hand, the problem is that there are many people, yourself included, dadingsda, who are confused by the point that something issued on Ripple can be valuable:

kwelstr: The question is, what is World Dollar backed by? They just posted a "giveaway" that I have temporarily hidden. If I claim the WLD and I want to take them to the bank, do they have backing? If not they are just a worthless IOU

brianwalden: My gut doesn't tell me they're trying to scam people. I think they believe in what they're doing and are trying to make it happen on a shoestring budget.

---

Technically, everything on Ripple is indeed an "IOU" (other than the native currency, XRP), and indeed WLD can be redeemed outside of Ripple, even if it is issued there in the first instance. It is similar to how XNF is issued as an "IOU" on Ripple, but can indeed be redeemed outside of Ripple. What confuses people even more is the idea that, hypothetically, a currency that can't be redeemed outside Ripple, e.g. XYZ, actually ceases to be an "IOU" on the Ripple platform, for XYZ is not actually held by the gateway for it to be transferrable elsewhere.

If you need more help on getting your head around Ripple, you might find support@ripple.com to be quite helpful.

On the point that "anyone" can issue an IOU on Ripple, the explanation is straightforward. Anyone can launch a new cryptocurrency. Anyone can launch any new currency for that matter. What is important is that people take it to be valuable. What World Dollar is based on is called the Equal Opportunity Standard. This is the idea that, since money is nothing but a social convention, the ultimate basis for money is for it to be issued to everyone, equally. The "barrier to entry" that prevents others from launching their own WLD is the massive investment of time and resources for it to gain traction, and eventually, global acceptance. If you set up your own gateway and issue WLD, without actually uniquely identifying everyone as Coin Autonomy and others will be doing, your version of WLD will be worthless. As we get bigger and bigger, the network effect increases in our favour, making it redundant to launch one's own version of WLD.

[1714122076]

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[1714122076]

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[1714122076]

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[vipgelsi]

Thanks for this very satisfied.

[thebenjamincode]

If people want to give WLD a chance, it's difficult to see why you would be so hostile towards this, majeis.

Because as I've already said: That's a time-consuming process of publicly identifying yourself in a video for just .01.

My opinion is that what you're asking for is unreasonable.

+1

also remind this... to get trust line + gateway, you have to buy XRP it's mean you have to send about 200k Sat or more  

You don't need to buy XRP. Coin Autonomy is giving away XRP for free.

But overall, yes you are correct, there is a hassle involved, and for many people .01 or 0.025 BTC wouldn't be worth it, but we ultimately need to attract people who believe that 10,000 WLD will become worth much, much more than this.

Here is the logic behind why we believe they will become highly valuable (from http://www.world-dollar.com/what-is-world-dollar/)

1. What is World Dollar?

World Dollar is the future of money. It is based on the idea that, since money is nothing but a social convention, the ultimate basis for money is for it to be issued to everyone, equally. We call this the Equal Opportunity Standard. In order to uniquely identify people, facial verification is used. You can claim your World dollars now.

2. How is Money a Social Convention?

Money is a social convention in the sense that it is not valuable in itself, but valuable because people agree to take it as valuable. It is a medium of exchange, a tool that allows us to trade with one another without having to resort to barter, which inefficiently depends on the double coincidence of wants.

3. Why is Equal Opportunity the ultimate basis for issuing money?

Equal opportunity when it comes to issuing money is guaranteed acceptance by virtually all of mankind.

This is because it appeals to the highest standards of morality. "We hold these truths to be self-evident, that all men are created equal".

It also appeals to the highest standards of economic reason. It rejects the idea that producers of money, i.e. producers of something that is not actually valuable in itself, should appropriate scarce resources from the other, productive members of society, i.e. producers of goods and services that are actually valuable.

Therefore, money that is issued on the basis of equal opportunity is virtually guaranteed to be taken as highly valuable.

---

We also pose a significant challenge to our current debt-based monetary system, with our article for the Cobden centre: http://www.cobdencentre.org/2014/09/bank-run-incentive-central-bank-bankruptcy-and-the-fallacy-of-the-credit-theory-of-money/

hi i just want to know how could i check the actual price of world dollar? Because i tried to sell them and its worth were just .0001 per 1,000 WLD

[world-dollar]

If people want to give WLD a chance, it's difficult to see why you would be so hostile towards this, majeis.

Because as I've already said: That's a time-consuming process of publicly identifying yourself in a video for just .01.

My opinion is that what you're asking for is unreasonable.

+1

also remind this... to get trust line + gateway, you have to buy XRP it's mean you have to send about 200k Sat or more 

You don't need to buy XRP. Coin Autonomy is giving away XRP for free.

But overall, yes you are correct, there is a hassle involved, and for many people .01 or 0.025 BTC wouldn't be worth it, but we ultimately need to attract people who believe that 10,000 WLD will become worth much, much more than this.

Here is the logic behind why we believe they will become highly valuable (from http://www.world-dollar.com/what-is-world-dollar/)

1. What is World Dollar?

World Dollar is the future of money. It is based on the idea that, since money is nothing but a social convention, the ultimate basis for money is for it to be issued to everyone, equally. We call this the Equal Opportunity Standard. In order to uniquely identify people, facial verification is used. You can claim your World dollars now.

2. How is Money a Social Convention?

Money is a social convention in the sense that it is not valuable in itself, but valuable because people agree to take it as valuable. It is a medium of exchange, a tool that allows us to trade with one another without having to resort to barter, which inefficiently depends on the double coincidence of wants.

3. Why is Equal Opportunity the ultimate basis for issuing money?

Equal opportunity when it comes to issuing money is guaranteed acceptance by virtually all of mankind.

This is because it appeals to the highest standards of morality. "We hold these truths to be self-evident, that all men are created equal".

It also appeals to the highest standards of economic reason. It rejects the idea that producers of money, i.e. producers of something that is not actually valuable in itself, should appropriate scarce resources from the other, productive members of society, i.e. producers of goods and services that are actually valuable.

Therefore, money that is issued on the basis of equal opportunity is virtually guaranteed to be taken as highly valuable.

---

We also pose a significant challenge to our current debt-based monetary system, with our article for the Cobden centre: http://www.cobdencentre.org/2014/09/bank-run-incentive-central-bank-bankruptcy-and-the-fallacy-of-the-credit-theory-of-money/

hi i just want to know how could i check the actual price of world dollar? Because i tried to sell them and its worth were just .0001 per 1,000 WLD

10,000 WLD has been trading today for .01 BTC, it has been .025 BTC. Do not confuse the "worth" of WLD with any given order at any time; on the other side, there is a ridiculous order of someone trying to sell 0.0001 WLD for 10,000 BTC, and clearly this is not the true "worth" of WLD.

Ripple trade unfortunately does not display the "last price" (it does not show it for any currency pairs, e.g. XRP/ BTC) which makes things more difficult.

To be honest, any valuation of WLD at this time isn't reliable at all. If World Dollar does become a globally accepted medium of exchange, clearly .025 BTC or .01 BTC is a massive undervaluation, but on the other hand with the project at its early stages, there is a high risk it doesn't succeed. Ultimately, we do believe that the concept of giving 10,000 WLD to everyone in the world will take off, due to a carefully considered analysis of monetary economics and banking, here: http://www.world-dollar.com/what-is-world-dollar/, here: http://www.world-dollar.com/debt-based-monetary-system-debunked/, here: http://www.world-dollar.com/economic-myths-debunked/, here: http://www.cobdencentre.org/2014/09/bank-run-incentive-central-bank-bankruptcy-and-the-fallacy-of-the-credit-theory-of-money/, here: http://www.zerohedge.com/news/2014-07-26/has-fractional-reserve-banking-really-passed-market-test

But what will really make this take off is massive media coverage and viral marketing strategies. If you are familiar with what happened with the ALS Ice Bucket Challenge, you might realise what's on the verge of happening with World Dollar public videos (and, we can confirm that we have now received many claim applications with people willing for their video to go public, and these are people from all around the world, across different age groups, etc. uniting together for this upcoming new world currency).

[mr.coinstrader]

which total of World Dollar will be created ?

[world-dollar]

which total of World Dollar will be created ?

A new 10,000 WLD is created for every new claim of World dollars. Everyone in the world (~7bn people) can claim their World dollars. The ultimate limit to the creation of WLD, what makes them relatively scarce, is the human population.

[Spoetnik]

10,000 World Dollars (WLD) are being given away for free to everyone in the entire world. Everyone is uniquely identified via facial verification (short) video. For more information about World Dollar, visit http://www.world-dollar.com

You can claim your World dollars now with Coin Autonomy (http://www.coinautonomy.com) on Ripple (http://www.ripple.com).

There is a 2 step process:

1. You need to provide a short video along with the name of your Ripple account.
2. After your account has been activated for free, you need to connect WorldDollar as a gateway on Ripple. Then, your 10,000 World dollars (WLD) will be sent over to you.

Visit http://www.coinautonomy.com for more information.

That's a time-consuming process of publicly identifying yourself in a video for just .01.

You should rethink calling it a "2 step process" when you have to do more than two things.

Go to website. Sign up. Sign up for Ripple. Make video. Upload video. Wait for account activation. Connect WorldDollar.

There's probably more steps in there, but I'm just basing this off of your words.

Also, giveaway threads are not allowed.

http://bitcointalk.org/index.php?topic=434310.0 "You can do giveaways off-site and link to the giveaway page in a thread, but you can't give people any bonus for replying to your thread."

Regarding it being .01 BTC (or .025 BTC), yes, we have only just got underway, and it is highly uncertain whether it will take off or not. If it does take off, they will clearly become worth much, much more.

It's the early adopters, those who believe in something before it's even become valuable, who are so important to new projects like this one.

If people want to give WLD a chance, it's difficult to see why you would be so hostile towards this, majeis.

so this is NOT a giveaway thread then ? hmm wow did some gymnastics on that one huh lol

[Denni]

hi i just want to know how could i check the actual price of world dollar? Because i tried to sell them and its worth were just .0001 per 1,000 WLD

I have the same question. Looks like the liquidity is too low and that's why the price has dropped to only 1 satoshi. that's sad

[world-dollar]

hi i just want to know how could i check the actual price of world dollar? Because i tried to sell them and its worth were just .0001 per 1,000 WLD

I have the same question. Looks like the liquidity is too low and that's why the price has dropped to only 1 satoshi. that's sad

10,000 WLD has been trading today for .01 BTC, it has been .025 BTC. Do not confuse the "worth" of WLD with any given order at any time; on the other side, there is a ridiculous order of someone trying to sell 0.0001 WLD for 10,000 BTC, and clearly this is not the true "worth" of WLD.

Realistically, the liquidity will remain low until a wider audience has heard about World Dollar. This shouldn't particularly matter to anyone who is happy to claim their World dollars now and hold onto them. It's the first adopters, those who recognise the value of something before the masses do, that are so important to projects like this.

[world-dollar]

10,000 World Dollars (WLD) are being given away for free to everyone in the entire world. Everyone is uniquely identified via facial verification (short) video. For more information about World Dollar, visit http://www.world-dollar.com

You can claim your World dollars now with Coin Autonomy (http://www.coinautonomy.com) on Ripple (http://www.ripple.com).

There is a 2 step process:

1. You need to provide a short video along with the name of your Ripple account.
2. After your account has been activated for free, you need to connect WorldDollar as a gateway on Ripple. Then, your 10,000 World dollars (WLD) will be sent over to you.

Visit http://www.coinautonomy.com for more information.

That's a time-consuming process of publicly identifying yourself in a video for just .01.

You should rethink calling it a "2 step process" when you have to do more than two things.

Go to website. Sign up. Sign up for Ripple. Make video. Upload video. Wait for account activation. Connect WorldDollar.

There's probably more steps in there, but I'm just basing this off of your words.

Also, giveaway threads are not allowed.

http://bitcointalk.org/index.php?topic=434310.0 "You can do giveaways off-site and link to the giveaway page in a thread, but you can't give people any bonus for replying to your thread."

Regarding it being .01 BTC (or .025 BTC), yes, we have only just got underway, and it is highly uncertain whether it will take off or not. If it does take off, they will clearly become worth much, much more.

It's the early adopters, those who believe in something before it's even become valuable, who are so important to new projects like this one.

If people want to give WLD a chance, it's difficult to see why you would be so hostile towards this, majeis.

so this is NOT a giveaway thread then ? hmm wow did some gymnastics on that one huh lol

There isn't a blanket ban on giveaway threads. It's just specific types of giveaway threads that are not permitted:

"Specifically, you are not allowed to give people any incentive to post insubstantial posts in your threads. You can't offer to pay people who post their addresses, usernames, etc. You can do giveaways off-site and link to the giveaway page in a thread, but you can't give people any bonus for replying to your thread."

http://bitcointalk.org/index.php?topic=434310.0

[SwissCrypt]

You should have better bet on a World-Euro CryptoSpamCoinBullshit.

Are you increasing coin supply with world birth rate? Lol

Who told you that we are exactly 7 billions humans on the planet?

People born tomorrow, in a month, in a year...don't deserve coins?

What about expired coins? Dying coins? Rotting coins?

Video identification! Muhahahahahahah

The worst spam i ever saw and had to register just to reply. First and only post.

Have fun all

[world-dollar]

You should have better bet on a World-Euro CryptoSpamCoinBullshit.

Are you increasing coin supply with world birth rate? Lol

Who told you that we are exactly 7 billions humans on the planet?

People born tomorrow, in a month, in a year...don't deserve coins?

What about expired coins? Dying coins? Rotting coins?

Video identification! Muhahahahahahah

The worst spam i ever saw and had to register just to reply. First and only post.

Have fun all

The ~7bn figure is indeed just a reference to the present time. All people in the future will also be entitled to their 10,000 WLD.

Culminator explains what will happen quite nicely in this thread: http://xrptalk.org/topic/3521-world-dollar/page-2

"This World Dollar would have about 2% inflation with current world demographic situation, i.e. 130M / 7000M  ~= 1.857% (assuming 130M births per year and 7000M current population). Interestingly basically the same rate which as someone mentioned most central banks target."

"Regarding my last point. Actually those 2% would decrease over time, because those 130M people would be less in time proportionally to all the people who have ever lived since current times (even if if population stays the same 7000M), so it would approach 0% in the long run in such system."

Video verification is needed to uniquely identify everyone. It means we do not need more sensitive personal information such as a name, address, date of birth, etc. to be submitted.

[tonyback]

where it was (will) traded ?

[world-dollar]

where it was (will) traded ?

It's just on Ripple trade (http://www.rippletrade.com) at the moment. In your Ripple account, click the "Exchange" tab and then "Trade". Limited levels of liquidity are available for WLD/ XRP and WLD/ BTC (snapswap.btc). New places where WLD can be traded will be introduced, along with additional platforms where 10,000 WLD can be issued and used for payments.

[Denni]

hi i just want to know how could i check the actual price of world dollar? Because i tried to sell them and its worth were just .0001 per 1,000 WLD

I have the same question. Looks like the liquidity is too low and that's why the price has dropped to only 1 satoshi. that's sad

10,000 WLD has been trading today for .01 BTC, it has been .025 BTC. Do not confuse the "worth" of WLD with any given order at any time; on the other side, there is a ridiculous order of someone trying to sell 0.0001 WLD for 10,000 BTC, and clearly this is not the true "worth" of WLD.

Realistically, the liquidity will remain low until a wider audience has heard about World Dollar. This shouldn't particularly matter to anyone who is happy to claim their World dollars now and hold onto them. It's the first adopters, those who recognise the value of something before the masses do, that are so important to projects like this.

It's rather difficult to be that first adopters with strong belief in the coin. At the beginning when I've just came into crypto currency world I have justified belief in some coins but I was a lit bit disappointed. After such experiences I can't be sure in any coin.

[justinetime]

Maybe i will create a video and claim the 10k WLD when 10k WLD = 1 btc 

[God27]

Just buy 100,000 WLD now and sell it when 10,000 WLD = 1 BTC

[justinetime]

Just buy 100,000 WLD now and sell it when 10,000 WLD = 1 BTC

just curious, how much you buy for 10k WLD?

[world-dollar]

Just buy 100,000 WLD now and sell it when 10,000 WLD = 1 BTC

just curious, how much you buy for 10k WLD?

10,000 WLD has continued to trade between 0.01 BTC and 0.025 BTC over the last few days. However, somewhat bizarrely, there have been trades recently valuing 1 WLD at 1 XRP, implying 10,000 WLD = 10,000 XRP = ~60 USD.

Liquidity will continue to be low and prices volatile until more people hear about World Dollar.

[world-dollar]

Warning: What I'm about to describe is highly difficult for most to get their heads around. It is, however, 100% accurate and confirmed by those who work at Ripple labs.

Concept 1: Imagine a new currency, XYZ, that is issued on Ripple, but cannot be withdrawn outside of Ripple. This XYZ is NOT an "IOU", as it is not being held by the gateway for it to be transferrable elsewhere. This XYZ is a legitimate unit of potential value as a medium of exchange, just as much as any altcoin outside of Ripple. There is no fundamental difference in terms of monetary economics. (In practice, but beside the point, XYZ transactions occur in 1 second and cost nothing to "mine", while e.g. BTC takes 1 hour to get 6 confirmations and is very expensive to "mine").

Concept 2: Now, imagine that XYZ can now be withdrawn outside of Ripple, e.g. to be held on a mobile payments platform, which also allows fiat currencies to be held there. One (simple-minded) interpretation is that XYZ is an "IOU" on Ripple, and is not the "real thing" on the mobile payments platform. Alternatively, the more logical interpretation is that XYZ is the "real thing" on both platforms, on one condition. This condition is: if I transfer 10,000 XYZ from the mobile payments platform to Ripple, the 10,000 XYZ is "destroyed" on the mobile payments platform, and "created" on Ripple.

And here you have it, you have just learned something you never knew about Ripple. It can actually be used to transfer currencies (other than XRP) in a form that is not an IOU.

Substitute XYZ for WLD above, and you understand how World Dollar works.