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Worldcoin Weekly Report 25th March

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This week has been relatively quiet. At the start it was discussed openly about ideas for the future. Our developers are eager to come up with either something new or improve existing ideas. It is clear that simplicity is the key, this is something all virtual currencies have failed to do.

 

The first bits in wallet refactor are taking its place. For starters the new wallet will be resolution independent. This means that users will create themes using centimeters and not pixels, so the perceived size will be the same in different screen resolutions. This implies that it will be HDPI ready. Also when the user presses Ctrl and rotates mouse’s wheel then the UI will scale depending in which direction you rotated the wheel. This was the progress for the development area this week, as promised we’ll update progress every week in this post.

 

Just to let you know, the website development is still being worked on. As always it’s not going to be a rush job, it’s finished when we are happy with it. The quick start page is being revamped to be the main hub for accessing wallets for new users. We are cutting down on menu displays to avoid confusion as there are too many.

 

We would like to remind everybody to pay close attention to Bittylicious and refrain from buying bitcoin. Instead buy Worldcoin direct because there is a high possibility in the next couple of weeks we’ll lose the option for direct Worldcoin trading. Current sellers are offering cheaper rates which fit in-line with the current WDC price, VAT usually adds a premium on the price.

 

Forum Events

 

We had down time due to problems with our host on 22/03/15, was resolved eventually on the same day and we apologise for the access issues.

 

Merchant Spotlight

 

Noobie.io is a portal where anyone can create a shop to sell their products for virtual currency only, whether you are a big existing shop looking for an extra outlet or an individual just looking to sell some occasional  products.

 

They accept Worldcoin and have an Escrow to ensure users can not be scammed using the coinpayments API.

 

Bitbill also slipped us on the radar, they use the Litepaid API which autosells, in our case Worldcoin and pays the receiver in fiat. If you would like to do this, or try it, read their faqs to see which countries are supported. Their fee is around 1% for every transaction.

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We would like to remind everybody to pay close attention to Bittylicious and refrain from buying bitcoin. Instead buy Worldcoin direct because there is a high possibility in the next couple of weeks we’ll lose the option for direct Worldcoin trading. Current sellers are offering cheaper rates which fit in-line with the current WDC price, VAT usually adds a premium on the price.

 

this is very bad idea!

 

volume die because inflation make coin lose value too fast so no one want coin

 

you tell people to buy but then they just left holding coin losing value

 

instead you should tell people truth which is coin not being used as currency so stop using as currency because services going away otherwise only hurt people in wallet! very bad! :( 

 

good advice is find reason to use coin bad advice is spend money on coin i stop listening to bad advice from you now and others should too

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this is very bad idea!

 

volume die because inflation make coin lose value too fast so no one want coin

 

you tell people to buy but then they just left holding coin losing value

 

instead you should tell people truth which is coin not being used as currency so stop using as currency because services going away otherwise only hurt people in wallet! very bad! :(

 

good advice is find reason to use coin bad advice is spend money on coin i stop listening to bad advice from you now and others should too

You want the alliance to act as a central bank? Very bad idea!

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this is very bad idea!

 

volume die because inflation make coin lose value too fast so no one want coin

 

you tell people to buy but then they just left holding coin losing value

 

instead you should tell people truth which is coin not being used as currency so stop using as currency because services going away otherwise only hurt people in wallet! very bad! :(

 

good advice is find reason to use coin bad advice is spend money on coin i stop listening to bad advice from you now and others should too

Mmmm,  so many wrongs.... It's obvious you want to change core scheme, that's ok,  but trying to do so with a personal opinion spoken as an absolute truth is very very wrong.

Let's see : Bitshares which champions DPoS hast lost 70% of its value from Oct and the downtrend continues

Mintcoin which uses PoS : has lost 65 % value

And you could find a lot of examples like this, If you were a little objective you would realize that all schemes have their problems and NONE of them assures market value.

Advising people NOT to buy  because you want people  to follow your personal preference is ..... mmm ......sad :(... to say the least

You are a dev and you want to help, great ! so let's see more code and less preaching !

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This coin has lost this and that coin has lost that. This is bull shit.

Don't look who is losing what percentage. Do look where coin stands and you see

Worldcoin has lost most because you are not developing this coin.

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This coin has lost this and that coin has lost that. This is bull shit.

Don't look who is losing what percentage. Do look where coin stands and you see

Worldcoin has lost most because you are not developing this coin.

Please read Dev plan for 2015. We are developing it, that's the whole point. The coin lost most of it's value because of Scharmbeck, if you ask on other forums,irc, etc.  people still think that somehow Scharmbeck was part of WDC  and that WDC is a scam. This has nothing to do with core algorithms It will take some time with hard work to  get rid of  Scharmbeck of people's minds.

Now we agree that inflation is a problem right now, but other algorithms present their own problems too. And none of them assures market value, most coins are crashing. What's more we just can't flip flop between core algos as if we were changing a font or a wallet color, it is difficult, requires a lot of resources and testing; which we will do if  we can find a suitable replacement,  but we can't rush it

 

So our development plan for this year is based on the assertion that we need to explore areas where no other coins  explored yet.

This will provide us unique features which  gives more value to investors medium - long term instead of being a copycat

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this is very bad idea!

 

volume die because inflation make coin lose value too fast so no one want coin

 

you tell people to buy but then they just left holding coin losing value

 

instead you should tell people truth which is coin not being used as currency so stop using as currency because services going away otherwise only hurt people in wallet! very bad! :(

 

good advice is find reason to use coin bad advice is spend money on coin i stop listening to bad advice from you now and others should too

Yes we had this discussion, at the moment WDC works better as a money transmitter. However it is really hard to sell and buy, so regardless of the situation the point is still valid. It was clear that in previous reports and was clarified more sellers are needed too. Also in this post.

 

Although cex.io's announcement may have changed things..

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The coin has lost its value because of Scharmbeck?

Who the hell was Scharmbeck. When was that. This is written off long time ago.

What you read in other forums is ancient stuff.

 

You had well over 1 year after Scharmbeck to strut your stuff.

Stop blaming others!

This is your own disaster Worldcoin Alliance and Committee.

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The coin has lost its value because of Scharmbeck?

Who the hell was Scharmbeck. When was that. This is written off long time ago.

What you read in other forums is ancient stuff.

 

You had well over 1 year after Scharmbeck to strut your stuff.

Stop blaming others!

This is your own disaster Worldcoin Alliance and Committee.

Meanwhile, we're almost hitting $1000 dollars sent average in an hour.

https://bitinfocharts.com/worldcoin/

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The coin has lost its value because of Scharmbeck?

Who the hell was Scharmbeck. When was that. This is written off long time ago.

What you read in other forums is ancient stuff.

 

You had well over 1 year after Scharmbeck to strut your stuff.

Stop blaming others!

This is your own disaster Worldcoin Alliance and Committee.

I'm not really sure whether you've been following what has been going on recently, it is important to do some research before making such accusations. Our development so far does not focus on the wallet its self. It is a system to provide updates efficiently and make user installation friendly, which it has. We haven't completed the part that changes everything. That is the development plan which is due for June, to be frank it may seem long away but it is not. The price is declining because the interest is low, that is why we are developing a new web page, first impressions and all that. There is no point in marketing till there is significant visible updates to the wallet to ensure popularity is as stable as possible.

 

1 Year is not long at all, especially when originally the team was made up of volunteers, it took 6 months to organise a sufficient development plan with extra developers. This wasn't how it was meant to be and to be quite honest, we are people just like you. You should respect that :) It was like starting from scratch as no preparation time and also some uncertainty because this hasn't been done before by many. I would say most of the stuff that was said was completed even if it wasn't on time, I wouldn't say we haven't delivered, we have, just there is still more packages to deliver.

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Maybe You are not following what is going on.

Worldcoin is falling from one low to another.

That is not an accusation this is a fact.

You just accused us of not developing, don't avoid my answer because it was a good one. The price is falling, correct, but our position on the leaderboard remains more or less the same. Today the price has fallen because the bitcoin graph indicates a 10% drop in the next 7 days and has started to fall already. That also affects us.

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Maybe You are not following what is going on.

Worldcoin is falling from one low to another.

That is not an accusation this is a fact.

Yes its falling, the same for most crypto including BTC; you only can say that crypto market suck right now. Scharmbeck is one of the reason people are not investing that's a fact too and that will haunt us for some time that's for sure.

But the crypto market problems have nothing to do with the work we are/aren't doing, we are pretty aware that this trend will kill most coins, and that will be good for us; also it will give us time to develop things that are really innovative in the field while other coins are just dying because devs aren't investing more time on them. The situation is very different from ours.

Also when Scharmbeck collapsed it was not like a new committee was born a day after, it took some time, and the worst part was to recover the assets and organize everything from zero using volunteer time only. Then in January we were able to focus on development finally which we are doing.

I am not trying to convince you to buy again now, just to hang around and see if you like the technology we are building   and if you don't like it then no problem everybody just move on. There is no point trying to play the blame game now. You sold your coins, fine ! we understand .. so let's leave this topic here for now at least.

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