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Topic: [WDC] Worldcoin | 3.0 Flirtatious Ant Released! | Multicoin architecture - page 185. (Read 442423 times)

member
Activity: 96
Merit: 10
Too bad he's taking a good name and not using it for something worthwhile. I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution. A noble goal, but unfortunately not realistic Embarrassed unless somebody has an idea of how that could work?

I've thought of that concept as well. A coin where everybody starts out with a small amount, then mine to keep it going but still have that amount banked to distribute. Hmmmm Smiley


Love the concept but:  How do you confirm that distinct people are actually getting the coin while you distribute it?  The best you could do is require passport IDs and have some agreement with embassies to confirm they are valid.  Then how do you securely deliver to the recipients?
If we limit ourselves to those with an Internet connection, then we could say one coin for each with an IP address.  Timekoin does this kind of thing.  This is not perfect either with ISPs moving to NATs to conserve the IP address space each has.



what about a coin that has an amount of coins in circulation equal to the population of earth at any time in its life? The population is growing every day.

There is no way to distribute coins to everyone in the world, you might as well give up on that part.
hero member
Activity: 770
Merit: 605
Nice and beautiful website, this one is done by the professionals!  Grin
hero member
Activity: 770
Merit: 605
where is the client? get ready to mine  Cheesy Cheesy Cheesy
sdp
sr. member
Activity: 469
Merit: 281
Too bad he's taking a good name and not using it for something worthwhile. I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution. A noble goal, but unfortunately not realistic Embarrassed unless somebody has an idea of how that could work?

I've thought of that concept as well. A coin where everybody starts out with a small amount, then mine to keep it going but still have that amount banked to distribute. Hmmmm Smiley


Love the concept but:  How do you confirm that distinct people are actually getting the coin while you distribute it?  The best you could do is require passport IDs and have some agreement with embassies to confirm they are valid.  Then how do you securely deliver to the recipients?
If we limit ourselves to those with an Internet connection, then we could say one coin for each with an IP address.  Timekoin does this kind of thing.  This is not perfect either with ISPs moving to NATs to conserve the IP address space each has.

full member
Activity: 154
Merit: 100
Contests:

For everyone who makes this their signature:
 “Check out World Coin The Coin with Instant Transaction! Link to thread” , and posts on this thread will officially be entered to win a prize of 10 WDC's, 5 winners will be chosen every week.

Already changed my signature, let me know if I won.
member
Activity: 112
Merit: 10
This one is bound to succeed. I mean look at the name.

WorldCoin - All inclusive, everyone in the world.

Lets compare that to the other recent releases.

JunkCoin -Obviously Junk
Yacoin - Obviously Another coin... very creative... not.
Feathercoin 2 - really hazard? Drunk much?
Chinacoin - I avoid anything made in china
Elacoin - nice name but horrible launch.




So which sounds better and instills trust?
WorldCoin obviously.

Yeah seriously its crazy how those coins get anywhere which such complete crap. At least this one is trying to do something useful looks like someone took our advice for a fast coin and made it happen.

This has a better website than bitcoin and litecoin lol, and can be used for everyday transactions. It insane how some people come on here like they did on the CHN thread and make stupid comments "whats next 1 second?

The only reason I mined CNCcoin was for the transaction speed

Yes! These coins need to get to the point of instant transaction times like Credit Cards if we want them to become mainstream. The stupidity on forums amazes me sometimes.

What you want like a car with wheels that can travel 1000 times faster than a horse?

full member
Activity: 196
Merit: 100
This one is bound to succeed. I mean look at the name.

WorldCoin - All inclusive, everyone in the world.

Lets compare that to the other recent releases.

JunkCoin -Obviously Junk
Yacoin - Obviously Another coin... very creative... not.
Feathercoin 2 - really hazard? Drunk much?
Chinacoin - I avoid anything made in china
Elacoin - nice name but horrible launch.




So which sounds better and instills trust?
WorldCoin obviously.

dumbest idea ever heard
member
Activity: 112
Merit: 10
Too bad he's taking a good name and not using it for something worthwhile. I was trying to figure out a "WorldCoin" where every human on the planet gets one coin as initial wealth distribution. A noble goal, but unfortunately not realistic Embarrassed unless somebody has an idea of how that could work?

Will every North Korean get one coin? Well, they will be ordered by the North Korean government to hand all their coins to Kim Jong Un, if the coin ever becomes valuable.
Will every Nigerian or citizen of Ghana get 1 coin, most of them don't even have access to computers?
And what will be it tied to? ID card? DNA? Fingerprint? How will you verify that?
And even if it were possible, a speculator who knows about cryptos would just buy milions of these who would be more than willing to sell it for $1.
In a poor country, $1 is a lot, so they would be more than happy to sell an abstract, "virtual" asset for something concrete like a loaf of bread.


Noble socialist idea, all warm and fuzzy, seem great at first, but when you employ logic and rationality always reveal their stupidity. Just like real life socialism (I lived in a socialist country for a short time).

Everyone would get one coin, also the North Koreans. They are humans too you know Cool
But indeed, it's not possible to uniquely identify everyone and "give" them a coin.

If a speculator buys people's coins for 1$ than that's a good thing, they all got a dollar!

I know it's at the very extreme of socialism, but you have to admit the current distribution method where people with the most GPU power get the most wealth is kind of a big problem.. I hope we will see some innovation away from the "traditional" PoW.

I don't agree. I think the current model is fair. Early adopter's advantage is fair. Someone who invests heavily or has the intelligence to invest early reaps rewards.
I don't agree with the socialist perspective that everyone "should have" some - it's a violent perspective that deviates from what is logical, rational and natural ...

Excellent point Praxis, especially in the world we live in, that path only leads to enslavement. It's one thing if we lived in a Utopian world and everybody shared. Even then equally sharing does not mean it's right.

You should support the person who is lazy while you go and bust your ass? The free market system is the best, you work hard you make more, and then you can freely give to whom you please. People who really need help not people who just want to mooch of the system.
member
Activity: 96
Merit: 10
This one is bound to succeed. I mean look at the name.

WorldCoin - All inclusive, everyone in the world.

Lets compare that to the other recent releases.

JunkCoin -Obviously Junk
Yacoin - Obviously Another coin... very creative... not.
Feathercoin 2 - really hazard? Drunk much?
Chinacoin - I avoid anything made in china
Elacoin - nice name but horrible launch.




So which sounds better and instills trust?
WorldCoin obviously.
full member
Activity: 163
Merit: 100
Difficulty: Retargets about 8 hours

Any altcoin which does not retarget on every block is outdated. Just wait once miners push difficulty to sky and then jump off the chain, it will end as badly as FTC and FRC.
But, to be true, there is no need for Worldcoin. It would add nothing we haven't already seen or have available so spare your time and effort and just cancel the whole deal.

feathercoin is chugging along just fine, just a hiccup in scrypt world. Frc is dead for its own political reasons (Helllo wheres my foundation???)

LOL?/ what? it's CRAWLING as in nearly dead. Have you tried moving any FTCs recently?
member
Activity: 112
Merit: 10
Scrypt?  Undecided

Are you asking, or are you making a comment? Yes it's Scrypt. They should update it on the main post, but its on the website.
member
Activity: 112
Merit: 10


My miners are ready and waiting. Cheesy

This is what I tell people I do when they ask. Then they get confused when I tell them I Mine the internet. Bookmarked twitter since I don't have one haha.
hero member
Activity: 518
Merit: 500
member
Activity: 96
Merit: 10


My miners are ready and waiting. Cheesy
hero member
Activity: 1073
Merit: 666
nice name, i like it too  Grin
sr. member
Activity: 420
Merit: 250
I love the name.

Here's to a smooth release. Cheers boys.
sr. member
Activity: 308
Merit: 250
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
15 second blocks.. and you expect every node in the "World" to be able to keep up? 

Why not 15 minute blocks.  Be real.
member
Activity: 96
Merit: 10
Selling Bioshock infinite and Crysis 3 game codes for WDC.
legendary
Activity: 1092
Merit: 1001
Touchdown
Well, there have been so many alt coin fails recently...
... people getting pretty tired of all the alts.
HEY! Let's launch another alt coin! Now is THE perfect time! Roll Eyes

I just wish they'd die quicker. I thought elacoin was DOA but it looks like there's a (very faint) pulse. Someone call it and pull the plug. FC2, PWC, Gamecoin, etc - what a waste of resources. The only good thing each new alt coin does is devalue and distract from the others (LTC included).
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