WDC is paypal. Bitcoin is mailing a check or sending a wire transfer. Your choice.
+1 I like this comparison.
Topic: [WDC] Worldcoin | 3.0 Flirtatious Ant Released! | Multicoin architecture - page 129. (Read 442449 times)
May 18, 2013, 11:57:27 PM
+1 I like this comparison.
May 18, 2013, 11:56:10 PM
WDC is paypal. Bitcoin is mailing a check or sending a wire transfer. Your choice.
May 18, 2013, 11:49:21 PM
I'm having the same discussion with people on other forum. They think that Litecoin is insecure because it's faster.
Man, you can drive your car at 10Km/h if you want, and I'm sure you are not going to crash. I prefer to go faster.
Is in each person to decide how much confirmation they need, it's like if somebody gives you a 100 dollars bill, you check to know if it's fake or real; some insecure people may call a bill expert to check for it, some people trust on the other person and take it without even looking at it. Security is in the individual.
Man, you can drive your car at 10Km/h if you want, and I'm sure you are not going to crash. I prefer to go faster.
Is in each person to decide how much confirmation they need, it's like if somebody gives you a 100 dollars bill, you check to know if it's fake or real; some insecure people may call a bill expert to check for it, some people trust on the other person and take it without even looking at it. Security is in the individual.
Kind of like the autobahn. No speed limit, some people choose to go slower, some faster.
But you have the option of going faster if you want there..(WDC)
May 18, 2013, 11:47:23 PM
I'm having the same discussion with people on other forum. They think that Litecoin is insecure because it's faster.
Man, you can drive your car at 10Km/h if you want, and I'm sure you are not going to crash. I prefer to go faster.
Is in each person to decide how much confirmation they need, it's like if somebody gives you a 100 dollars bill, you check to know if it's fake or real; some insecure people may call a bill expert to check for it, some people trust on the other person and take it without even looking at it. Security is in the individual.
Man, you can drive your car at 10Km/h if you want, and I'm sure you are not going to crash. I prefer to go faster.
Is in each person to decide how much confirmation they need, it's like if somebody gives you a 100 dollars bill, you check to know if it's fake or real; some insecure people may call a bill expert to check for it, some people trust on the other person and take it without even looking at it. Security is in the individual.
Kind of like the autobahn. No speed limit, some people choose to go slower, some faster.
May 18, 2013, 11:35:40 PM
Cool down, friend. I am just trying to have a simple conversation so we can both increase our understanding.
So Worldcoin confirms in 15 seconds, but we agree that doesn't really provide much security. Bitcoin takes 10 minutes, which is too long for many situations. So with bitcoin, you simply use 0 confirmation transactions, with the option to listen to the network for 10 seconds or so to see if a double-spend transaction was broadcasted. This allows for fast transactions!
There isn't any practical difference to the two situations. This is what I mean when I say worldcoin does not provide any new advantages.
May 18, 2013, 11:15:46 PM
anyway it's good to clarify these questions 
May 18, 2013, 11:09:35 PM
Once a transaction is fully confirmed with 4 confirmations, can you go back and change it?
If the answer is no, than that's secure enough. Bitcoin is over secure and useless for real world transactions, it's over encryption is not needed. We people do not understand you.
If the answer is no, than that's secure enough. Bitcoin is over secure and useless for real world transactions, it's over encryption is not needed. We people do not understand you.
yes it can be reversed, have you heard of the 51% attack...? additionally, you didn't answer the question. why would anyone use worldcoin, if it provides no advantages over bitcoin and bitcoin already is much more established and accepted by merchants?
Are you ok mentally, I just gave you the advantage of instant transaction speeds. If you don't think that's an advantage over bitcoin you have problems, I'm just going to ignore you now because you either can't comprehend the language you are writing in, mentally handicapped, or just trolling.
May 18, 2013, 11:09:25 PM
I'm having the same discussion with people on other forum. They think that Litecoin is insecure because it's faster.
Man, you can drive your car at 10Km/h if you want, and I'm sure you are not going to crash. I prefer to go faster.
Is in each person to decide how much confirmation they need, it's like if somebody gives you a 100 dollars bill, you check to know if it's fake or real; some insecure people may call a bill expert to check for it, some people trust on the other person and take it without even looking at it. Security is in the individual.
Man, you can drive your car at 10Km/h if you want, and I'm sure you are not going to crash. I prefer to go faster.
Is in each person to decide how much confirmation they need, it's like if somebody gives you a 100 dollars bill, you check to know if it's fake or real; some insecure people may call a bill expert to check for it, some people trust on the other person and take it without even looking at it. Security is in the individual.
May 18, 2013, 11:04:05 PM
Once a transaction is fully confirmed with 4 confirmations, can you go back and change it?
If the answer is no, than that's secure enough. Bitcoin is over secure and useless for real world transactions, it's over encryption is not needed. We people do not understand you.
If the answer is no, than that's secure enough. Bitcoin is over secure and useless for real world transactions, it's over encryption is not needed. We people do not understand you.
yes it can be reversed, have you heard of the 51% attack...? additionally, you didn't answer the question. why would anyone use worldcoin, if it provides no advantages over bitcoin and bitcoin already is much more established and accepted by merchants?
Some people are just a bit thick, no other coin is doing transactions as fast a Worldcoin atm. That's it. Trying to derail that fact with BS about security and hypothetical 51% attacks is just pure trolling and not needed here.
May 18, 2013, 11:01:51 PM
first of all, 51% attack is virtually impossible given that the hashrate of the WDC at this time. Second, if someone gets 51% computing power, he can likely change the future, not the past. To do past, he needs to perform all the past crypto work, with 1% in advance, how long he would take to catch up? Moreover this is true for any coins, not only WDC.
May 18, 2013, 10:46:43 PM
I do not understand you people.
The 15 sec blocks do not provide anything useful. You will need 40 confirmations to have the same security as with 1 bitcoin confirmation (assuming equal hash power). Why are people so excited about this coin which provides nothing new?
The 15 sec blocks do not provide anything useful. You will need 40 confirmations to have the same security as with 1 bitcoin confirmation (assuming equal hash power). Why are people so excited about this coin which provides nothing new?
OMG guys having your transactions going through in 10 seconds, is NOTHING NEW! Every single currency is doing it! Yes 100x because we need bitcoins super security so nothing can be unencrypted for 5000 years, when you will only live 80 or so. Once a transaction is fully confirmed with 4 confirmations, can you go back and change it?
If the answer is no, than that's secure enough. Bitcoin is over secure and useless for real world transactions, it's over encryption is not needed. We people do not understand you.
May 18, 2013, 10:42:39 PM
WDC owner please put in the front page.
May 18, 2013, 10:29:32 PM
Are there any WDC mining pools that don't need stratum, other than p2pool?
Just need something to point minerd at without having to install a proxy.
Just need something to point minerd at without having to install a proxy.
May 18, 2013, 10:14:55 PM
May 18, 2013, 10:01:13 PM
Despite some new coin launch, the WDC network hash rate still at 919Mh/s now, what a faith people put on this coin! It's been very very strong since its launch.
That's because the coin is actually useful when you do transactions with it. It's extremely responsive, and hasn't been spoilt with over mining like FTC, CNC, and others.
May 18, 2013, 09:41:22 PM
Despite some new coin launch, the WDC network hash rate still at 919Mh/s now, what a faith people put on this coin! It's been very very strong since its launch.
May 18, 2013, 09:35:05 PM
May 18, 2013, 09:22:23 PM
Can someone give me fresh nodes to try for worldcoin as I can't get any connections.
It's the same on my laptop too.
Neither can I. A valid node IP would be great. Anyone?It's the same on my laptop too.
Anyone?
Did you deleted the "conf" file? Ask support, that was the answer they gave me. I have 8 conections now.
Before that it was moving betwen 0 and 1 or 2.
My qt build from the first page didn't even come with a .conf file in it.
Can someone please give me and de_xt a valid node IP? Then we can add it using the addnode command. You can bet there are other people having this same problem
https://bitcointalksearch.org/topic/m.2177180
I'm up and running, mining at wdc.dontmine.me I hope this helps.
Thanks very much, but still at zero connections.
gratz, welcome to the world of tomorrow.
May 18, 2013, 08:59:40 PM
Yes fisheater is right
May 18, 2013, 08:46:40 PM
I dont know what the quoted guy talking about. The genesis block is a block used to "boot-up" the whole chain, it defines the Merkle root. It has nothing to do with any IP address out there, lol.
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