Lets get WorldCoin WDC on an Exchange (E-Mail Campaign) - page 2.

erk

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Quote from: Twerka on May 18, 2013, 02:48:32 AM

That is why: "The value of the coin is given for business accepting WDC as payment." Right now USD and BTC are more valuable because that merchant accept them as pay method.
If he accept WDC too, then the value of WDC is bigger.

All of this without knowing it's real price.

The world buys products all the time from merchants that only accept their local currency, this is why currency exchangers exist, crypto is no different. It is totally naive to assume a merchant needs to accept a particular currency. If I jump in a local taxi and try to pay in USD or BTC or even WDC he will kick me out, I have to use an exchange to obtain local currency first, and that in no way undervalues the currencies I do hold, with the exception of the small conversion fee.

Twerka

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Quote from: erk on May 18, 2013, 01:20:35 AM

Quote from: Twerka on May 18, 2013, 12:02:33 AM

The value of the coin is given for business accepting WDC as payment. If tomorrow you can get a 7950 for say 1000 WDC, then there is the value: 1000WDC = AMD card.
No others currencies involved, no dolar involved.

Exchanges are for speculators, and they need a "price" (not value) to buy and sell and get the profit.

Nonsense, If I want to buy a 7950 and the merchant will only accept USD or BTC I need and exchange and that's that. Nothing to do with speculators.

That is why: "The value of the coin is given for business accepting WDC as payment." Right now USD and BTC are more valuable because that merchant accept them as pay method.
If he accept WDC too, then the value of WDC is bigger.

All of this without knowing it's real price.

I'm selling a Metro2033 game at 163WDC. If you ask me how much in dollars or BTC I tell you, don't know, I'm selling for WDC.
1 Metro game = 163WDC
The value is known, the price is not.

thisnewcoin

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Quote

The value of the coin is given for business accepting WDC as payment. If tomorrow you can get a 7950 for say 1000 WDC, then there is the value: 1000WDC = AMD card.
No others currencies involved, no dolar involved.

Exchanges are for speculators, and they need a "price" (not value) to buy and sell and get the profit.

definitely agree what stated here.

erk

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Quote from: Twerka on May 18, 2013, 12:02:33 AM

The value of the coin is given for business accepting WDC as payment. If tomorrow you can get a 7950 for say 1000 WDC, then there is the value: 1000WDC = AMD card.
No others currencies involved, no dolar involved.

Exchanges are for speculators, and they need a "price" (not value) to buy and sell and get the profit.

Nonsense, If I want to buy a 7950 and the merchant will only accept USD or BTC I need and exchange and that's that. Nothing to do with speculators.

Twerka

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Quote from: erk on May 17, 2013, 09:52:18 PM

At the moment you cant expect much for a WDC coin, as it takes little difficulty to mine, that will change over the next month, however, a coin has no value until it's actually trading, the value is calculated historically by recording what price it traded for, it is not calculated in advance.

If the devs make WDC work properly by introducing a thin client to deal with the rapid block chain growth, then I see WDC getting very popular, ultimately replacing LTC.

The value of the coin is given for business accepting WDC as payment. If tomorrow you can get a 7950 for say 1000 WDC, then there is the value: 1000WDC = AMD card.
No others currencies involved, no dolar involved.

Exchanges are for speculators, and they need a "price" (not value) to buy and sell and get the profit.

relm9

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Activity: 840

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Quote from: erk on May 17, 2013, 11:53:03 PM

Quote from: 503guy on May 17, 2013, 10:02:02 PM

There isn't even a block explorer and you want it on the exchange already?

Are the two things even related, or are you simply trying to convince people that one depends on the other?

It seems logical to get a block explorer up first. Adds some credibility to the coin if anything.

erk

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Quote from: 503guy on May 17, 2013, 10:02:02 PM

There isn't even a block explorer and you want it on the exchange already?

Are the two things even related, or are you simply trying to convince people that one depends on the other?

WDC block explorer is here BTW. http://wdc.a-df.net:2750/chain/Worldcoin

503guy

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There isn't even a block explorer and you want it on the exchange already?

erk

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Activity: 826

Merit: 500

At the moment you cant expect much for a WDC coin, as it takes little difficulty to mine, that will change over the next month, however, a coin has no value until it's actually trading, the value is calculated historically by recording what price it traded for, it is not calculated in advance.

If the devs make WDC work properly by introducing a thin client to deal with the rapid block chain growth, then I see WDC getting very popular, ultimately replacing LTC.

tyler26

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Going to send my emails now, I really hope they get into the exchange.

BitJohn

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@Bit_John

agree with both of you

thisnewcoin

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This kind makes sense. However, without a stable and safe trading platform, it is not good for the adoption of this coin either.

erk

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Quote from: PeeJWeeJ on May 17, 2013, 08:36:28 PM

Or...we could wait a few weeks and let the anticipation/adoption grow so when it gets put on an exchange it doesn't fall into a pit like FTC and CHC.

Unlike many of the alt-coins as of late, this coin may actually have potential. Let's give it a chance to grow and diversify it's ownership before it gets dumped on.

No, the people that want to wait don't want competition mining from the attention going on an exchange creates, it's purely a selfish motive, not for the adoption of the coin. They want to mine a larger stash whilst it's easier, before it's listed that's all.

PeeJWeeJ

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Or...we could wait a few weeks and let the anticipation/adoption grow so when it gets put on an exchange it doesn't fall into a pit like FTC and CHC.

Unlike many of the alt-coins as of late, this coin may actually have potential. Let's give it a chance to grow and diversify it's ownership before it gets dumped on.

You can always exchange coins, that's what wallets are for. If we kept it that way for a bit, maybe people wouldn't be in such a hurry to sell immediately after it gets on an exchange.

erk

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Quote from: nerdcustoms on May 17, 2013, 07:05:15 PM

Quote from: Prelude on May 16, 2013, 08:57:04 PM

I'm not sure this is an issue that should be forced. Exchanges will want this coin on their own, possibly even without being bribed. I'm confident this coin will speak for it's self.

+1 why is everyone in a hurry to get it on an exchange. Too soon will just turn it into a pumNdump. Give it at least a week, if not two.

There is no other function for a coin than trade.

BitJohn

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@Bit_John

at the rate I am selling I could care less if it hits an exchange lol

nerdcustoms

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Quote from: Prelude on May 16, 2013, 08:57:04 PM

I'm not sure this is an issue that should be forced. Exchanges will want this coin on their own, possibly even without being bribed. I'm confident this coin will speak for it's self.

+1 why is everyone in a hurry to get it on an exchange. Too soon will just turn it into a pumNdump. Give it at least a week, if not two.

erk

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Quote from: daHavok on May 17, 2013, 05:39:16 AM

My opinion is that it should be pushed up on market pretty quick, because it's a fast transaction coin, and if it stays too much on let's say average, it will go "idle" and suffer of a big depreciation. Roll Eyes

Also, there may be other altcoins that could overtake it on the market, and then we'll have only ~average altcoins and no successful coins. It has to move quick, as it's transactions do, but not too quick as it may create huge spikes and eventually downfall.

I disagree, WDC has some of the most unique features to date, however it needs work if it is going to survive.

The rapid block chain growth is unsupportable, it need to have a thin client like Multibit ported across and ditch the standard client. This needs to be done really soon.

daHavok

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My opinion is that it should be pushed up on market pretty quick, because it's a fast transaction coin, and if it stays too much on let's say average, it will go "idle" and suffer of a big depreciation. Roll Eyes

Also, there may be other altcoins that could overtake it on the market, and then we'll have only ~average altcoins and no successful coins. It has to move quick, as it's transactions do, but not too quick as it may create huge spikes and eventually downfall.
For the moment this coin moves pretty well, and must be pushed bit by bit.

ThemCoins

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Quote from: tytanick on May 17, 2013, 05:14:52 AM

And about FTC, we just need to wait 3 days to retarget diff and rise FTC price twice

Are you sure?
According to this site
http://benhohner.com/feathercoin/statistics.php
time to retarget is 29 day(s), 3 hour(s), 9 min, 21 sec

Topic: Lets get WorldCoin WDC on an Exchange (E-Mail Campaign) - page 2. (Read 3708 times)