[quote author=mogonzo link=topic=568517.msg7650417#msg7650417 date=1404359990
For my own opinion on WhiteOutCoin, so far it does seem the majority want this and I do think the economics behind the IPO are sound, I've yet to see any meaty refutation as to why market forces would dictate WOC being a negative on WC. But, that said, if there is a way to safely implement a reasonable privacy feature into WC that is still my preferred option.
Maybe that is where we are a little off center on the economy of scales for the ratio between WC and WOC. You mention coin count is the only fair way and guess I am confused as my point was a 1:1 transfer of coin (e.g. 1 WC for 1 WOC). I am going to stop belaboring this point until we see a proposal. Making hypothetical, I would agree, is wasting time. Just seems to me you would focus on one coin and if that means tossing out WC for WOC, so be it, but don't have both. You don't have the resources and you can't even get the new wallets out and has taken a long time to get the new logo out with the part-time devs. Don;t get me wrong, your DEV's appear to be doing a bang-up job (highly skilled), no doubt. As far as WC value, I'm sure as a group what is decided will be beneficial to those early adopters (who had faith in the coin) in terms of the value proposition to the new coin. But roughly stated, if I own 10 million coins and we mint to a new one within the same community, I would kind of expect the same coin count or valuation than someone that bought a nickle-worth and now wants to ride on the coat tales of those taking the larger risks. Hope that makes a little sense and why future investments are in a state of flux right now. Anyway, no need to respond, just spit-balling and trying to reach a quorum in a public forum.
Especially your last couple lines there do make perfect sense, and I do very much understand your concerns. Let me explain my thoughts a bit further.
Because our target would be one wallet implementation if we did go to two coins, really, it's very little added labor at the end of the day. It's not much of a challenge when you think about how much of WC and WOC could be integrated. I do again feel its important to stress to you that we would in no way be abandoning WC. In the WhiteCoin Foundation Paper, our end goal is "to become unbound from any current or future limitations, including coding or software." To me, this means that it's a natural extention for us to offer a companion service if WC prime is not best suited for the idea at hand. There are still plenty of ways WC prime can be developed further, it's just that right now it's privacy that our community seems to want most. Increasing transaction confirm times and much more is possible down the road with WC.
I think your comment on the wallet delay is fair, though at this point as I understand it the only thing slowing release is the translations being done. I believe the code was ready a week or so ago.
I do have to admit that WC moves a bit slower still on the coding side than I would like, and we are actively looking at all options to improve our turnaround on that point. We're still running strong on the project based leadership structure, which is why you see my focus as acting president go towards strategic planning and outreach, where mindfox, cryptoseo, and oizopower are more daily implementation based. This is another important aspect of WC's long term strength, by employing the concepts from the foundation paper, we can easily split tasks and ensure that a great deal of work is being done in tandum.
The community approach can unfortunately at times delay the process moreso than if we just had a budget and the authority to unilaterally act. It ultimately comes down to the centralized vs. decentralized argument. By maininting the coin via a de-centralized foundation designed to rotate talent and share decision making power, I believe it makes us much stronger in the long run because everything that's happening is ultimately accountable to us as a community to see through. Even if in the short term it does occasionally result in certain projects the foundation runs coming in behind schedule, we have the advantage of being a truly tough target for fud by our sheer honest determination.
I still think we've pulled off some amazing work as a community in the last two months. We've had two wallet updates, a major flax evaluated, tested, and fixed, and now a near total rebranding that took a total of at least 1000 labor hours between 10 people to accomplish (just that pesky wallet translation left now!).
If there is community desire, we could always release the wallet sooner and then update with more international translations in our next release.
