The shocking truth about the scarcity of WorldCoin

wontonforevuh

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Quote from: Jomppe on January 10, 2014, 04:59:47 PM

Hello!

The total number of WorldCoins: 265,420,800
The World's population 6 Billion

The scenario when the whole world is using WorldCoin and let's assume the coins are distributed homogenously, each World citizen gets only 22,60 WorldCoins.
Of course the poorer gets less (like 0,xx WorldCoins) and the rich gets more - this leaves the middleclass gets just over 20 WorldCoins.
Now we consider middle class as the ones who owns rouhly 500 000+ dollar's worth of assets have perhaps income of 3000 USD/mo. etc.
Then we can derive the value of each WorldCoin being 22,123.89...USD (minimum, very conservative estimate).

How large stake are you capable to acquire today from the pie of total supply of WorldCoins?

this might be the dumbest logic ive ever heard.

MsCollec

legendary

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I think for a coin to be rare it has to be under 30Million

ThBitCollective

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Quote from: alquinte on January 12, 2014, 06:28:50 PM

reading this thread gave me cancer

I am Cancer and I approve this message!

infofront

legendary

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Shitcoin Minimalist

Quote from: ?? on ??

Notice how no one disputes this is a Realsolid backed operation.

~BCX~

No one wants to feed the troll.

alquinte

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reading this thread gave me cancer

Jomppe

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Quote from: junk1 on January 10, 2014, 06:29:03 PM

Quote from: Jomppe on January 10, 2014, 04:59:47 PM

Hello!

The total number of WorldCoins: 265,420,800
The World's population 6 Billion

The scenario when the whole world is using WorldCoin and let's assume the coins are distributed homogenously, each World citizen gets only 22,60 WorldCoins.
Of course the poorer gets less (like 0,xx WorldCoins) and the rich gets more - this leaves the middleclass gets just over 20 WorldCoins.
Now we consider middle class as the ones who owns rouhly 500 000+ dollar's worth of assets have perhaps income of 3000 USD/mo. etc.
Then we can derive the value of each WorldCoin being 22,123.89...USD (minimum, very conservative estimate).

How large stake are you capable to acquire today from the pie of total supply of WorldCoins?

Hmm 265,420,800 / 6,000,000,000 is not 22.60. Plus you are using "," and "." for 1000s separator and decimal wrong...
You failed.
Good bye.

Can you see to which direction I fauiled?
Doesn't my failure just mean the WDC should be even higher?
Now it is a great opportunity to crab some coins to your personal wallet for holding 2-3 yrs.
The blockreward is decreasing but the userbase will not decrease definetely.
There is just one direction with this coin and it is straight to up. Of course it goes to bubble just like BitCoin has done but after correction it will always go higher than the previous bubble price.
In order to not to loose any coins I highly recommend you guys not to trade too much (it is risky to trade).
By trading you do not loose dollars but you loose WDC. After trades you get less and less WDC as not many owners are willing to give up the coins so easily.
Now as the block reward is still quite high and difficulty has not skyrocketted, there will be some coins available, but not too long.
The Scharmbeck is on its way - can't you guys understand the significance of this? When there is Scharmbeck, there will be serious use for the coin and thus the demand of the coin will go through the roof all the way to the Orion Nebula.

tk808

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Invest in your knowledge

OP world population is not 6billion, it's 7billion

MisO69

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My mule don't like people laughing

Quote from: 2bfree on January 10, 2014, 05:05:40 PM

How would I get some world coins? I have been trying for days to get some alt coins with no luck?

Watch the Announcements thread for new coins, download their wallet and then beg on the giveaway posts.

Eex77

full member

Activity: 160

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Quote from: ?? on ??

Notice how no one disputes this is a Realsolid backed operation.

~BCX~

Shhh, shhhhh, shhhhhh. Go to sleep, and leave this thread.

walnutter

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Quote from: ?? on ??

Why bother, just send your BTC straight RS at mcxNOW.

~BCX~

WDC is not RS. You fail at trolling. Get a life.

junk1

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Merit: 0

Quote from: Jomppe on January 10, 2014, 04:59:47 PM

Hello!

The total number of WorldCoins: 265,420,800
The World's population 6 Billion

The scenario when the whole world is using WorldCoin and let's assume the coins are distributed homogenously, each World citizen gets only 22,60 WorldCoins.
Of course the poorer gets less (like 0,xx WorldCoins) and the rich gets more - this leaves the middleclass gets just over 20 WorldCoins.
Now we consider middle class as the ones who owns rouhly 500 000+ dollar's worth of assets have perhaps income of 3000 USD/mo. etc.
Then we can derive the value of each WorldCoin being 22,123.89...USD (minimum, very conservative estimate).

How large stake are you capable to acquire today from the pie of total supply of WorldCoins?

Hmm 265,420,800 / 6,000,000,000 is not 22.60. Plus you are using "," and "." for 1000s separator and decimal wrong...
You failed.
Good bye.

sharted

full member

Activity: 210

Merit: 101

Quote from: 2bfree on January 10, 2014, 05:05:40 PM

How would I get some world coins? I have been trying for days to get some alt coins with no luck?

Well you could mine them yourself or trade bitcoins for them on one of the exchanges, such as Cryptsy or coins-e

Jomppe

full member

Activity: 168

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Quote from: 2bfree on January 10, 2014, 05:05:40 PM

How would I get some world coins? I have been trying for days to get some alt coins with no luck?

First you need to get some BitCoins, then you need to make an account to Vircurex (or some other excgange) then transfer your BTC to there and buy. Simple as that. Grin

Jomppe

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Activity: 168

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Quote from: Mortimer452 on January 10, 2014, 05:10:45 PM

The shocking truth about your math:

265,420,800 WDC distributed amongst ~6 billion people is only about 0.044 WDC per person

About 70% of the world population is in 3rd world countries and does not have computers or Internet access (or electricity, or running water in most cases) and that is not likely to change dramatically anytime soon so they're not getting any

This is insane. We will definetely need to start using mWDC at some point.
If you watch the current price of the coin the price has some space to move upwards. Shocked

Apostle4444

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I would class them as collectible coins not unlike Antiques and the like...

Jomppe

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Merit: 100

Quote from: albertdros on January 10, 2014, 05:08:12 PM

what about that 42coin (42 total coins to be mined) then?

Sounds scarce - probably even too scarce so it may not be practical because of it.
WorldCoins are better because it is scarce enough but not soo scarce neither so it can be used perfectly because of this.

Mortimer452

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Activity: 532

Merit: 500

The shocking truth about your math:

265,420,800 WDC distributed amongst ~6 billion people is only about 0.044 WDC per person

About 70% of the world population is in 3rd world countries and does not have computers or Internet access (or electricity, or running water in most cases) and that is not likely to change dramatically anytime soon so they're not getting any

albertdros

hero member

Activity: 602

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what about that 42coin (42 total coins to be mined) then?

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

How would I get some world coins? I have been trying for days to get some alt coins with no luck?

Jomppe

full member

Activity: 168

Merit: 100

Hello!

The total number of WorldCoins: 265,420,800
The World's population 6 Billion

The scenario when the whole world is using WorldCoin and let's assume the coins are distributed homogenously, each World citizen gets only 22,60 WorldCoins.
Of course the poorer gets less (like 0,xx WorldCoins) and the rich gets more - this leaves the middleclass gets just over 20 WorldCoins.
Now we consider middle class as the ones who owns rouhly 500 000+ dollar's worth of assets have perhaps income of 3000 USD/mo. etc.
Then we can derive the value of each WorldCoin being 22,123.89...USD (minimum, very conservative estimate).

How large stake are you capable to acquire today from the pie of total supply of WorldCoins?

Topic: The shocking truth about the scarcity of WorldCoin (Read 1514 times)