Topic: WorldCoin - the next Litecoin (Read 2697 times)
too many new coins. I'll run out off hdd space having databases for all of them
I'm not going to say this won't eventually take off and be highly valuable in future, but it is a trifle depressing to witness the swarm of altcoins beginning to swell.
That's the innate flaw of crypto-currency: they may guard against inflation, but nobody can control the "inflation of kind."
That's the innate flaw of crypto-currency: they may guard against inflation, but nobody can control the "inflation of kind."
Does anyone feel that there are too many alt coins popping up?
Does this help the sector at all with all these additions?
Does this help the sector at all with all these additions?
me too ;-)
but the fittest will survice, and worldcoin will definitely NOT.
scamcoin the next the fail coin.
Except this coin actually offers something unique and wasn't premined to hell.
Instant transactions are a big thing for a variety of different markets.
yes
waiting for shitcoin! SHC
Still holding my pile. Can't wait to see whats around the bend. I know big things are coming and WDC will explode. Tis going to be fun.
I don't really think so. LTC is the second biggest next to BTC and it's potential is rising not falling so WDC can become defunct before LTC even begins to fail. 
Still holding my pile. Can't wait to see whats around the bend. I know big things are coming and WDC will explode. Tis going to be fun.
scamcoin the next the fail coin.
Except this coin actually offers something unique and wasn't premined to hell.
Instant transactions are a big thing for a variety of different markets.
Instant transactions its strength but its also its weakness.
In which ways?
If you really need to ask this question, your a embarrassment. Just shows the calibre of the team behind WDC
"The WorldCoin Team would like to announce the details of an upcoming patch to be released in late July/early August 2013 (block 518,401). Two main issues being addressed are current inflation level and mining orphan rate.
We would like to highlight a couple items before reviewing the details.
WorldCoin currently has a fast secure transaction time of 60 seconds. This is achieved by confirming a 15-second block four consecutive times. The update maintains the 60 second security time so the speed of a complete WDC transaction will not be altered.
Also, before the inflation correction occurs, we are allowing the community to continue to become early adopters by maintaining current coin production levels for the duration of this season. Once the new production rate has been reached, the same volume will be produced each month until the final blocks are mined. "
http://worldcoinforum.org/official/WDC_patch_announcement.pdf
We would like to highlight a couple items before reviewing the details.
WorldCoin currently has a fast secure transaction time of 60 seconds. This is achieved by confirming a 15-second block four consecutive times. The update maintains the 60 second security time so the speed of a complete WDC transaction will not be altered.
Also, before the inflation correction occurs, we are allowing the community to continue to become early adopters by maintaining current coin production levels for the duration of this season. Once the new production rate has been reached, the same volume will be produced each month until the final blocks are mined. "
http://worldcoinforum.org/official/WDC_patch_announcement.pdf
399 members, still not 4 weeks old - worldcoinforum is definately a winner 
I've got 2000 WDC more thanks to the weekly lotto
Cheers Clint
K.
I've got 2000 WDC more thanks to the weekly lotto
Cheers Clint
K.
Does anyone feel that there are too many alt coins popping up?
Does this help the sector at all with all these additions?
Does this help the sector at all with all these additions?
I love Worldcoins. i am rocking out about 50 to 70 worldcoins a day with my 7850 at 350khps.
No more litecoin hype plz!
I think it's barely fair you advertise a competing forum on here 
but gl!
but gl!
I have alot of faith in worldcoin. It is going to be big.
lol
Hi, first post here. I know people have been questioning the 15 second block time as being a downside. I'm not technical enough to understand completely why though. All I know is that I made a wallet, mined some worldcoins, and transferred them much faster than bitcoins or litecoins. I've heard that the quick generation time might be causing more orphans, but from a user perspective, and not a miner perspective, does that matter? Do shorter block times make it less secure? Why was 15 seconds chosen if "faster is better"? Why not 1 second? Was 15 seconds chosen because it optimizes some important value? Do shorter generation times make a currency more prone to having competing longest length chains? If it is less secure because of faster transaction times, does simply waiting longer make the transaction "more confirmed"? If someone is to try and answer my questions, please assume that I'm completely new since it's not too far from the truth. Thanks!
based on the structure of litecoin?
Yes. Although in the next few weeks we will see more differences between the two, specifically in developer support and project development.
based on the structure of litecoin?
No more litecoin hype plz - the coin doesn't do anything the other coins don't, and it's slow. It's got seniority, which is great until enough people/merchants ask, "there are faster coins?!? why aren't we using them?!?"
What is the difference between Bitcoin and Worldcoin in algorithm?
it's the difference between Scrypt and SHA-256, two algos I know jack about
Yes, it is Scrypt like Litecoin. It features almost instant transactions with a block time of just 15 seconds.
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