http://bitcoin.org/bitcoin.pdf is a great place to start. https://en.bitcoin.it/wiki/Main_Page fine too.
Strange, I thought I referenced Nakamotos paper.... oh yes, I did :p
Topic: [ANN] ₩orldo -The World Currency. Botnet proof. CPU only. (Alpha) - page 8. (Read 24024 times)
January 31, 2014, 07:30:46 PM
http://bitcoin.org/bitcoin.pdf is a great place to start. https://en.bitcoin.it/wiki/Main_Page fine too.
Strange, I thought I referenced Nakamotos paper.... oh yes, I did :p
January 31, 2014, 07:24:28 PM
Quote
retrieve data 10ms
Send Data 10ms
You can't rely on such latency. For example, distance from NY to London is 5570 km (3460 miles). Nothing can move faster than light, so information can't be transmitted from NY to London faster than 5570/300,000 = 18 ms. Double this for standard TCP/IP. Double this for LA -> Moscow. Get 72 ms. Quietly weep (c).Send Data 10ms
Please read it again, that is a more than optimal case for a hard disk, purely for illustration.
It is meant to show that using spinning disk drives for confirmations increases the lag expontially.
January 31, 2014, 05:34:37 PM
hmm in think this is a killer :
and this is a no go !! :
dont make invest rule for the people you are now alike the todays banksystems : digital coins would have that no rules......... freedom !!
freedom in transaction how many its al up to the user not your rule
and this is a no go !! :
Quote
Pump and Dump protectionInitially you will only be able to transfer 50% of your ₩orldo per hour but this figure will increase by 10% a year. This is to encourage people to trade responsibly and discourage early users from a cycle of 'pump and dump'. Do you really want someone with a massive cache of ₩orldo selling it all at once?
dont make invest rule for the people you are now alike the todays banksystems : digital coins would have that no rules......... freedom !!
freedom in transaction how many its al up to the user not your rule
January 31, 2014, 05:20:37 PM
is that Pangea? 
January 31, 2014, 05:07:35 PM
http://www.worldo.org/botnet.pdf v0.1 of our anti-botnet white paper, comments welcome.
Ok, I've looked through this whitepaper. Unfortunately, it has major flaws.Quote
retrieve data 10ms
Send Data 10ms
You can't rely on such latency. For example, distance from NY to London is 5570 km (3460 miles). Nothing can move faster than light, so information can't be transmitted from NY to London faster than 5570/300,000 = 18 ms. Double this for standard TCP/IP. Double this for LA -> Moscow. Get 72 ms. Quietly weep (c).Send Data 10ms
Quote
The solution is passed out to the nodes as normal, checked and added to the blockchain, but the coins are not in the bag yet.
No, they are. "The solution is passed out to the nodes as normal, checked and added to the blockchain" == "coins are in the bag" until you invent something new. Your whitepaper is definitely missing some technical details.Quote
Several of the closest nodes will now check that the winner is in fact not a botnet computer.
Quote
The checking nodes split the work between them
Quote
If the winner fails the confirms by a considerable degree then the block is lost and the coins are either split between the confirming nodes or moved to an empty wallet.
This all shows your complete misunderstanding of cryptocoin network. You should stop coding right now and get some crypto background first.http://bitcoin.org/bitcoin.pdf is a great place to start. https://en.bitcoin.it/wiki/Main_Page fine too.
Really, whitepaper is a piece of shit for now. No offence, please.
January 31, 2014, 04:59:08 PM
interested. Really like the concept 
January 31, 2014, 04:57:59 PM
It's a really interesting coin.
I want to ask if the coin is really botnet proof.
coz many ppls don't like the CPU coin due to botnet.
I want to ask if the coin is really botnet proof.
coz many ppls don't like the CPU coin due to botnet.
January 31, 2014, 04:22:11 PM
Still don't see the dove. Can someone sketch it in for me?
January 31, 2014, 03:51:14 PM
Great coin guys.
Very original and "smart" idea.
Yeah, you even copied our CSS for the website. Very honest of you, guys.
Very original and "smart" idea.
Yeah, you even copied our CSS for the website. Very honest of you, guys.
Ouch. Can you explain this to us? Theft of another coin's site code is not a great way to start building trust.
Also, please be more clear on what's happening with the premine. Break it down in first post.
I'm interested and will follow your development.
January 31, 2014, 01:18:37 PM
So 2 billion coins out of 1 trillion coins will be premined? or 2%?
Very good, well spotted, yes its 2%.
Quote
If you premine 2 % that would be 20 billion, and that's 10% of the coins mined in the first FOUR years, that's insane!!
Well, tell your friends to sign up, 0.4% will go to everyone who asks and 1.4% will go to anyone who throws some real money at us for development... which we will then transparently throw at developers who work on it....
Quote
However the 0.8% transaction fee is INSANE. Even if you can change to 0.1% that would still annoying long term.
We thought that might cause some controversy, but once every see's how we're using it to grow the idea and promote payments they should accept it.PLUS it's optional AND we're completely upfront about it AND 0.1% on $100 is only 10c...
You have to think long term....
Quote
Other than that, great ideas.
Why thanks, I'm putting you down for an extra share !
Thank you! I pm'd you.
As long as you put it up clear for everyone to see, so there's no questions or bashing after launch.
Still, I think it's quite much, you will need to distribute at least half of the premine withing a couple of weeks, else there'll be alot of doubt.
I predict that people will suspect you that you'll dump the premine as soon it hits an exchange. That's why it's important to start many giveaways and open a big faucet within days of release.
Remember. 2% equals around 20 weeks of mining. I suggest you to think about that fact and think of it's pros and cons.
I wish you luck on launch! I'll be following this.
January 30, 2014, 06:22:26 PM
So 2 billion coins out of 1 trillion coins will be premined? or 2%?
Very good, well spotted, yes its 2%.
Quote
If you premine 2 % that would be 20 billion, and that's 10% of the coins mined in the first FOUR years, that's insane!!
Well, tell your friends to sign up, 0.4% will go to everyone who asks and 1.4% will go to anyone who throws some real money at us for development... which we will then transparently throw at developers who work on it....
Quote
However the 0.8% transaction fee is INSANE. Even if you can change to 0.1% that would still annoying long term.
We thought that might cause some controversy, but once every see's how we're using it to grow the idea and promote payments they should accept it.PLUS it's optional AND we're completely upfront about it AND 0.1% on $100 is only 10c...
You have to think long term....
Quote
Other than that, great ideas.
Why thanks, I'm putting you down for an extra share !
January 30, 2014, 04:53:30 PM
So 2 billion coins out of 1 trillion coins will be premined? or 2%?
Because 2 billion out of 1 trillion is 0,2%. not 2%
If you premine 2 % that would be 20 billion, and that's 10% of the coins mined in the first FOUR years, that's insane!!
If that's the cause it would take around 140 days to mine as much as you premine.
BUT if it's 0,2% it would still take roughly 2 weeks to mine as much as you premine. That's also QUITE much. but acceptable.
However the 0.8% transaction fee is INSANE. Even if you can change to 0.1% that would still annoying long term.
Other than that, great ideas.
Because 2 billion out of 1 trillion is 0,2%. not 2%
If you premine 2 % that would be 20 billion, and that's 10% of the coins mined in the first FOUR years, that's insane!!
If that's the cause it would take around 140 days to mine as much as you premine.
BUT if it's 0,2% it would still take roughly 2 weeks to mine as much as you premine. That's also QUITE much. but acceptable.
However the 0.8% transaction fee is INSANE. Even if you can change to 0.1% that would still annoying long term.
Other than that, great ideas.
January 30, 2014, 10:05:35 AM
Hmm the name need to change because its to close with worldcoin!
January 30, 2014, 10:00:48 AM
It's not fun being ill when there is so much to do but I've managed to do some coding.
First priority is to finish up the botnet protection code and our initial tests show that our initial ideas seem sound, although of course this can change when you turn over the code to someone who wants to hack it...
It really is a tricky problem, how can one tell that another open source client has been altered or is not playing fair on the network...
After all there isn't a anti-turing test for computers... well, okay, it's a CAPTCHA, but do you really want to typing in codes, even occasionally, to prove you're not part of a botnet? And even these can be passed out to other people...
140 sign ups now which is good, please spread the word and get in touch if you're a coder that wants to earn some bounties...
I will try to hash out an initial white paper describing our solution this afternoon... although I'd rather be in bed... :p
First priority is to finish up the botnet protection code and our initial tests show that our initial ideas seem sound, although of course this can change when you turn over the code to someone who wants to hack it...
It really is a tricky problem, how can one tell that another open source client has been altered or is not playing fair on the network...
After all there isn't a anti-turing test for computers... well, okay, it's a CAPTCHA, but do you really want to typing in codes, even occasionally, to prove you're not part of a botnet? And even these can be passed out to other people...
140 sign ups now which is good, please spread the word and get in touch if you're a coder that wants to earn some bounties...
I will try to hash out an initial white paper describing our solution this afternoon... although I'd rather be in bed... :p
January 28, 2014, 09:11:32 PM
I'm liking the ideas guys, but you seriously need a re-branding. Please let me do it for you, I am an experienced 3D Artist and Graphic Designer.
Excellent, we're all ears, shoot us a PM with your ideas.
January 28, 2014, 09:09:18 PM
Trust me I can tell you this coin has no future, #1 dumb name, Waldo, Worldo?? Dumb. Second there is already Worldcoin, you can't compete with them, third, there is Earthcoin, and they can barely stay afloat. Just close up shop on this coin, no one will mine it and it is taking up space.
Our real thinking was that we would not call it ****coin. 99% of the cryptocurrencies follow this trend and really, no one outside of this forum know they exist apart from bitcoin. Go tell Jackson Palmer to close up Dogecoin because it has a dumb name :p
Peso -> Euro -> Worldo
Tell me your great six letter memorable name that makes sense, can be easily remembered, can't be misspelled, doesn't appear in a google search and has a .com/.org domain available AND DOESN'T END IN COIN.....
Let me guess, you're a Worldcoin miner :p
Pm'd
January 28, 2014, 09:03:21 PM
Trust me I can tell you this coin has no future, #1 dumb name, Waldo, Worldo?? Dumb. Second there is already Worldcoin, you can't compete with them, third, there is Earthcoin, and they can barely stay afloat. Just close up shop on this coin, no one will mine it and it is taking up space.
Our real thinking was that we would not call it ****coin. 99% of the cryptocurrencies follow this trend and really, no one outside of this forum know they exist apart from bitcoin. Go tell Jackson Palmer to close up Dogecoin because it has a dumb name :p
Peso -> Euro -> Worldo
Tell me your great six letter memorable name that makes sense, can be easily remembered, can't be misspelled, doesn't appear in a google search and has a .com/.org domain available AND DOESN'T END IN COIN.....
Let me guess, you're a Worldcoin miner :p
January 28, 2014, 08:49:33 PM
So, what is the difference between traveltrousers and travel-trousers?
None, when I created the account it complained the password was too short and then the name was already....
January 28, 2014, 08:43:32 PM
I'm liking the ideas guys, but you seriously need a re-branding. Please let me do it for you, I am an experienced 3D Artist and Graphic Designer.
January 28, 2014, 08:17:09 PM
Trust me I can tell you this coin has no future, #1 dumb name, Waldo, Worldo?? Dumb. Second there is already Worldcoin, you can't compete with them, third, there is Earthcoin, and they can barely stay afloat. Just close up shop on this coin, no one will mine it and it is taking up space.
What I don't get, is there are some awesome professional names left for cryptocoins and these nubs choose these stupid names, holecoin, cuntcoin, johncoin , jeebuscoin, worldocoin, buttcoin, buttheadcoin etc etc, WHY?
?? It costs no more to sound like a real bonafide coin with a name that will at least get you a little ways, but no, let's call out coin worldocoinio. Great thinking. Jump to: