Topic: [ANN] [SDR] Solidar fka WorldLeadCurrency a Freigeld coin for a basic income - page 4. (Read 30827 times)

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?

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

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

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.

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 

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

https://bitcointalksearch.org/topic/m.16079906

Nothing but lies & theft - beware.

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

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

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.

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!

Payout for September is filled.
Have fun Rik

I know what you mean. But the point is that most that are interested in cryptocurrencies are not into the idea of a basic income.
And those that are interested in a basic income think using cryptocurrencies is a bad idea. The people i talked to are still trying to apply a basic income to fiat money, but this is as promissing as bringing a basic income to bitcoin.

The reason why the payout is only 1 WLC is that the currency is meant to be spreaded to every human worldwide. Keeping in mind that we are 8 bn people 1 WLC is still too much, but i used it as a good start.

The price mirrors the interest in the currency. Like Bitcoins price was less than a cent its worth was much, much higher. At the moment there just seems to be no big demand. I try my best to make it one of the top currencies but without users that actually use the currency my hands are tied.

And i do not think that the idea is not interesting in principle. The missing circulation of money was one of the main reasons for the last crisis and it will also be one of the main reasons for the next. I can only hope that the people are then not only complaining about politics but start to act.

So if you think that the idea is not usefull IMHO it is at the moment just because a lack of interest. If you have an idea how to accumulate more participants and users you are always welcome. Otherwise i can only ask you to wait for the idea to grow.

Thanks in advance Rik

Without any doubt this idea is some how not interesting as i received 1 WLC after waiting for a whole 30 days and the value happens to be 0.00006btc for 30 days of waiting.

Hi payment for July is named payout June,

sorry for the inconsistency i send another payment to compensate.
TxID cbb240797ee8096a9ac41da94bb3ac0276291c6aae3d01fcf78193ddc7d87817

Network is slow at the moment, so the confirmation could take some time.

Rik

I wonder to see that August payment have been sent whereas i am yet to receive the payment for July, i guess it was an oversight, please dev i am still waiting for payment.

Hi,

We've added WLC to the miners multipool: www.zpool.ca

Cheers!

Payout for August is filled.

If you have any questions, please send us an email to info.winc-ev.org.

C-Cex is up for delisting WLC again. This time i would lose a lot more WLC due to lower price to reach trading volume of 6BTC.
So i will not try to keep WLC listed.

Note: If anybody want to sell some WLC to me privately at exchange rate of 250 satoshi/ WLC after delisting at C-Cex, please send me a pm (this offer is especially for miners).

Rik

EDIT: I used some open longs on BTC to keep WLC from delisting, so its easier for the miners to get paied.
The Transaction ID for this month is: 6537927a7ccdf334cd9fd4c44c9958d9bd3d0703ef66b89fc5a11657c1c8f081

Thank you, i have registered and now waiting for my account to be active. I need to add that it took less than 20 seconds to register.

Yes you can. 

An unconditional (basic) income is per design open for everybody. The system is constructed for 300.000 participants at the moment.
Because there is the possibility to create several accounts for one person, if the coin will become mainstream at some point the idea is to cooperate with some bigger company (e.g. Kraken) to give everybody that has registred with a passport a unconditional income.

If more than 300.000 people join the network there are 3 choices:

1. Increase Max coin. - This would devaluate the currency.
2. Increase Demurrage.
3. Decrease payout.

Since the demurrage (negative interest rate) of ~20% is already high, there are 8 decimalplaces and more participants normally means more value of the system, my favorite solution is to decrease payout as there is no adjustment of the code needed.

Rik

This is awesome, can i still join the monthly payout program?