Hello Everyone,
I'm really glad to see such in depth discussion about WhiteOut. I can see that there is some movement towards avoiding this new coin, however just from my own observations it does seem the majority still want it.
I'd like to offer my own personal opinion regarding "Anonymous transactions".
As some of you know, I've spent many years working in political and activist spheres. As an outed "Anon", I can tell you with certainty that true Anonymity on the internet does not exist. It's simply a matter of the precautions you are willing to take and how difficult you can make the job to your 'snoop'. The group who posted to reddit is also correct in my opinion that the vast majority of these "Anonymous" coins either do not work, or have central points of failure that make them easily compromised by a person with the necessary skills.
With that, and Crypto making strong moves to enter the mainstream, I am very much convinced that "Anon features" are at worst a fad, and at best a niche service within our industry.
All that said, I do believe this is a service people want right now. We've seen innumerable requests from community members and potential investors alike to implement some kind of privacy feature into WhiteCoin. Our roadblock to achieving this is that we risk WC's blockchain by trying to implement the feature directly into WC. Staking software technology is just not all that compatible with privacy in the long term.
I did eventually come around to supporting doing this as a companion coin because I do believe that we have the necessary infrastructure in place to see it be of value to all of our investors. I also think that companion coins are the way of the future in crypto. As a legit operator with an established history of transparency and financial accountability, I think we're uniquely positioned to offer an IPO. I also strongly believe that offering WOC as an IPO with WC as the only entry vehicle would indeed cause a rise in value permanently in WC. From a math standpoint, in theory the coins prices should average out over time. So if we created WOC with the lower total coin count, we should see a rise of 500-1000 sat after correction to WC.
With all that out there now, I do believe we should extend the community discussion phase by a few days as there have been some great points made on all sides of this discussion. I'm going to spend some time today finalizing the proposal as to how the IPO would work, and post it here.
In my opinion, we should wait on posting the pre-ann thread until we have a clear and permanent majority consensus on proceeding down this avenue.
Best regards,
Chris Salsman
Acting President, The WhiteCoin Foundation
I'm really glad to see such in depth discussion about WhiteOut. I can see that there is some movement towards avoiding this new coin, however just from my own observations it does seem the majority still want it.
I'd like to offer my own personal opinion regarding "Anonymous transactions".
As some of you know, I've spent many years working in political and activist spheres. As an outed "Anon", I can tell you with certainty that true Anonymity on the internet does not exist. It's simply a matter of the precautions you are willing to take and how difficult you can make the job to your 'snoop'. The group who posted to reddit is also correct in my opinion that the vast majority of these "Anonymous" coins either do not work, or have central points of failure that make them easily compromised by a person with the necessary skills.
With that, and Crypto making strong moves to enter the mainstream, I am very much convinced that "Anon features" are at worst a fad, and at best a niche service within our industry.
All that said, I do believe this is a service people want right now. We've seen innumerable requests from community members and potential investors alike to implement some kind of privacy feature into WhiteCoin. Our roadblock to achieving this is that we risk WC's blockchain by trying to implement the feature directly into WC. Staking software technology is just not all that compatible with privacy in the long term.
I did eventually come around to supporting doing this as a companion coin because I do believe that we have the necessary infrastructure in place to see it be of value to all of our investors. I also think that companion coins are the way of the future in crypto. As a legit operator with an established history of transparency and financial accountability, I think we're uniquely positioned to offer an IPO. I also strongly believe that offering WOC as an IPO with WC as the only entry vehicle would indeed cause a rise in value permanently in WC. From a math standpoint, in theory the coins prices should average out over time. So if we created WOC with the lower total coin count, we should see a rise of 500-1000 sat after correction to WC.
With all that out there now, I do believe we should extend the community discussion phase by a few days as there have been some great points made on all sides of this discussion. I'm going to spend some time today finalizing the proposal as to how the IPO would work, and post it here.
In my opinion, we should wait on posting the pre-ann thread until we have a clear and permanent majority consensus on proceeding down this avenue.
Best regards,
Chris Salsman
Acting President, The WhiteCoin Foundation
I have voiced my concern. Count me out if you go forward with another coin, not that it matters, but I think it will doom this coin in the end.
(will be a total of 11 votes)
payment is still not due if there's interest
. Of course it`s not the same number of coins and I compere it just for price purposes but still we need to do something to prevent price going down 
Many times in this thread I mentioned that we need profitable&strong pool and Whitecoin pool is`t that pool wright now or any other, accept maybe HashCows but questionable how many workers are payed in WhiteCoin. I was mining at whitecoin pool for weeks since troubles get started with WC, giving support when was crisis, but after crisis over nothing really happened in way of improving whitecoin pool. Even today imho it is toooooo slow. Don`t know what is the problem with that and why it takes so much time? We all know what will happen when increase hash power on whitecoin pool. Buy pressure going up 