please tell me why wdc is a success?

gyverlb

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Quote from: mc_lovin on May 20, 2013, 05:37:38 PM

Quote from: mr_right on May 20, 2013, 04:01:45 PM

it takes 1 line of code to make it MICRO SECONDS to confirm.

Quote from: desert_beagle on May 20, 2013, 04:00:36 PM

I takes SECONDS to confirm.

Yeah, but you expect every node in your network to be able to download huge blocks in microseconds? There's a reason satoshi went with 10 minutes. As the network grows, everyone needs to keep up. The block of WDC are mostly empty right now, if there were 10's of thousands of transactions in each block it will drive it to the ground.

FTFY.

mc_lovin

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www.bitcointrading.com

Quote from: mr_right on May 20, 2013, 04:01:45 PM

it takes 1 line of code to make it MICRO SECONDS to confirm.

Quote from: desert_beagle on May 20, 2013, 04:00:36 PM

I takes SECONDS to confirm.

Yeah, but you expect every node in your network to be able to download huge blocks in microseconds? There's a reason satoshi went with 10 minutes. As the network grows, everyone needs to keep up. The block of WDC are mostly empty right now, if there were 10's of thousands of transactions in each block it will really put it to the test.

tytanick

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Simplemining.net Admin

WDC is succesing until not Cheesy

Speed WDC hash graph
http://snag.gy/6NJTj.jpg

Taxidermista

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Quote from: mr_random on May 20, 2013, 04:43:22 PM

We will see in 3 months. Right now is way too early to tell. It has potential, the fast transaction appeal has caught the imagination of speculators.

You mean we will see in 3 hours, don't you?

mr_random

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We will see in 3 months. Right now is way too early to tell. It has potential, the fast transaction appeal has caught the imagination of speculators.

ondratra

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very fast & distributed among lot of people

crypt0maniac

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What is GoldCoin, you joking right ?

Barnacle_Ed

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WDC is "big" right now for the same reason BTE and CHN got "big" despite being carbon copies of existing chains, JKC and FTC2 (or "firecoin" now, apparently) got "big" despite being declared jokes, and BTB got "big" despite the obvious premine-that-wasn't-really-a-premine-but-was-still-effectively-a-premine scandal.

Give it a week or two. It'll either keep up strong as it is, or the shills will give up and it'll crash and burn like so many altchains before it.

AZIZ1977

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I really like Worldcoin but it needs to be build up slowly from the bottom like GoldCoin to have a real long succes. You can see already the cracks appearing because some people were driving the price to high up without a real solid base.

clint25n

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Quote from: relm9 on May 20, 2013, 04:33:08 PM

I'm not going to deny it is better than some other releases but WDC is not a game-changer in my eyes. I would like to see a more robust solution to the difficulty issue other than a few parameters changed. Unfortunately, a lot of people hyping this up to be a huge deal are just blinded by the profit right now and I'm sure the attitude will change once they finish dumping.

Hey, didn't you sell me all your WorldCoins on day 1 Cheesy

Just poking fun
But you are correct that WDC has a long road ahead, and it's success will not be based soley on speed. +1

relm9

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My opinion on it right now:

Litecoin is very fast compared to Bitcoin and yet it hasn't gained anywhere near the amount of market penetration in terms of merchants adopting it. WorldCoin has a load road ahead of it. Don't expect anyone to adopt this just because of faster transaction times.

The 8 hour retarget time is better than other ALTs but of course it still doesn't eliminate the possibility of a steep drop in hash power slowing things down.

I'm not going to deny it is better than some other releases but WDC is not a game-changer in my eyes. I would like to see a more robust solution to the difficulty issue other than a few parameters changed. Unfortunately, a lot of people hyping this up to be a huge deal are just blinded by the profit right now and I'm sure the attitude will change once they finish dumping.

flound1129

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www.multipool.us

Let's wait at least a week or two before we declare WDC a success or failure.

I assume it was added to exchanges via the 'bounty' system

I added it to my pool because the profitability is high and my miners want it. If it goes to oblivion in 3 days I haven't lost much.

clint25n

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Quote from: Oldminer on May 20, 2013, 04:11:02 PM

I also wouldnt pay too much attention to the total buys/sells on mcxNOW - the buy total just went to 5m BTC Roll Eyes

Lol, point was well made. Well played jhonk, well played. Cheesy

MikeyNick

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Quote from: mr_right on May 20, 2013, 04:01:45 PM

it takes 1 line of code to make it MICRO SECONDS to confirm.

Quote from: desert_beagle on May 20, 2013, 04:00:36 PM

I takes SECONDS to confirm.

There is a fine line between balancing confirmation time with orphans and stale rates. A coin that confirmed in micro seconds would have an insane number of orphans and stales

crypt0maniac

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the speed is amazing...was transfering BTC's to exchange today and waiting over 1 hour can be a game changer.

Oldminer

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The biggest problem other cryptos had was the speed. Worldcoin fixes that which will be a real boon to sellers of services, and buyers of course.

I also wouldnt pay too much attention to the total buys/sells on mcxNOW - the buy total just went to 5m BTC Roll Eyes

thisnewcoin

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Convert Crypto at BestChange

Quote from: blastbob on May 20, 2013, 03:59:45 PM

LOL

Let me know when i can get them CHEAP

does not mean anything. On the sell side, I can put a price of 10000 BTC, that's add up to the sum, on the buyer side you can't do it.

clint25n

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Seems like it has a growing community not seen since Litecoin and Feathercoin.
And seems to have some advantages to LTC/FTC as well.

Speed: practical for on the spot transactions.

Quick diff adjustment: CNC was fast too, but when everyone stopped mining it, the diff will remain high for weeks perhaps months and now take hours to confirm in some cases. WorldCoin retargets in 8 hours, so this will never be an issue.

Quote from: perhan007 on May 20, 2013, 04:02:33 PM

im happy i got out of the ponzi before it collapsed. there is almost no buy support any more.

Looking forward to bumping this in a week perhan007. Cheesy

seleme

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Duelbits.com

I somehow managed to buy 637 at 0.0001 at bter while price on mcx was .00023 with that 57btc wall. Guess people were not aware of mcxnow.

While it transferred it felt just above 2 and it was the easiest 0.6btc ever Grin

Panth

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It has a nice logo. Really though, a coin is only as strong as its community and fan base. In this case WDC had a ton of evangelists spamming exchange sites and spurring trades here. It really is nothing new on the technical side

Topic: please tell me why wdc is a success? (Read 1256 times)