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Worldcoin Alliance Weekly Report 21st Jan

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Dear Worldcoiners,

 

The Crypto world is going through it's biggest test since it's inception some years ago, we have to deal with two big problems before we can step up to the next stage of evolution :

 

* Credibility (trust), which is the most valuable currency in our world. This has been abused over and over again, scammers are continuously scavenging to whatever they can leech without caring about people or technology. Even above all this, the general press don't even understand the technology and are making overblown articles about this problem and associating us with illegal activities.

 

* Cloud miners and multi pools are continuously disrupting network stability because they don't have a long term vision for crypto technology, they only want to recover their investment as quick as possible so they dump as fast as they can which is generating downtrends on many coins. This situation is getting worse, many analysts are using standard stock market modeling tools to 'explain' the situation without the proper context, so many of them are declaring that investors are completely 'fleeing' from the crypto world.

 

We have seen this only months ago (we called the situation ‘the alt-apocalypse' because we believed at that time, alt coins would be the most affected ), we forged a multi-stage plan to assure WDC survival and steady growth, this plan wasn't only about development because the solution of these problems do not lie in the inner technology but mostly in the human aspect.

 

The overall strategy covers 3 areas :

1) Development (Technology)

 

With the upcoming release (this months end) we managed to finish Gauss which is the first piece of four that will serve us with a solid base designed to multiply the speed of development by orders of magnitude lowering considerable the learning curve for developers and users; this will attract many developers that are currently feeling intimidated by the complexity of the wallet. We will continue disclosing more details on how we will accomplish this on the coming months

 

2) Management (Smart use of resources )

 

The committee's financial situation is extremely solid, we don't have any economic problem that would provide a threat to our plans for the coming YEARS. Above this, the team is completely unnerved about the current crypto market situation (neither emotionally nor financially); also we successfully manage to recover most strategic assets that were dispersed after Scharmbeck fiasco. We also established very strict policies on how we should make use of this assets to assure the survival of the committee even if, for some reason, a member(s) leave the committee.

 

With all this in mind we see this situation as a big opportunity for WDC. Many coins are experiencing problems with their teams in all aspects which hinders their development capacity, if not stopping it cold. It will give WDC more time to make the technology gap wider between us and the rest, so when investors come again they will have very few choices; meanwhile most projects will only start licking their wounds.

 

3) Social (Credibility and Marketing)

 

Marketing efforts will start after our new  architecture is completely deployed (Dec 2015), the plan of course can't be disclosed yet, but all we can say is that we will target specific strategic sectors at first and not the global population as most coins are trying to do. Nevertheless we must invest in some important projects in this area this year, the first one we have the pleasure to announce is the New Forum which will eliminate spam and other features that for many reasons we didn’t have access in the previous one. Credibility is a special big problem for us, because after Scharmbeck the credibility for the coin was almost null. It is necessary to step up our game and not only rely on development to gain investors.

 

With this in mind we are taking the next step of our ‘Social’ plan to present a new concept : 'Reverse Crowdfund'. As you know, many coins have a lot of projects that need funds from the community to be completed, sadly a large percentage of them are never concluded successfully for various reasons (not only scamming); we must recognize that we involuntarily fell in this position with two projects : the video and mining plugin (we are still holding the funds) but our 'service providers' backed out because by the time we concluded the crowdfund, WDC continue crashing and we couldn't find anyone that was up with the task with current valuation. This is not our fault per se but it is definitely our RESPONSIBILITY. So what do we do to break the pattern?

 

We will fulfil our responsibility role and put our wallet where our mouths are. From now on crowdfunded projects less than 1000 USD will follow this path:

 

1) Project definition

2) Committee members finance the project with their OWN money

3) Project implementation starts supervised closely by committee members

4) Project is finished.

5) We announce the project and 'Reverse Crowdfund' it so we can start another project

 

The idea is that when people donate their hard earned money, they can have 100 % assurance that the project will be implemented (because the project will be already finished at this stage). It is of course extremely important that community funds completely the project so we can forge new more ambitious ones. If for some reason a project is not concluded, it would be our money that is lost; this will put us pressure to conclude projects on time and to commit and invest a lot of time on WDC.

 

Our message for investors : "We are here to stay and this time you don't have to trust us, we will trust you!"

 

Our policy for the community : “Implement first, promise later”.

 

This is the first step of many to regain credibility and trust. Also we want to assure everyone that we are completely open  to discuss any topic or issue in the forum or you can contact us directly via contact@worldcoin.global
 

                                --- Worldcoin Team

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Hi ! We took the decision like 3 months ago when spam problem started, we didn't have admin passwords so we decided to start fresh.

 

As this post shows, we will implement projects first and make promises later (when everything is already done ), a consequence of this policy is our new own type of crowd funding (Reverse Crowdfund).

 

When we said that we will change our image and begin regaining trust, we meant it !

 

No more broken promises! :)

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Can the old forum somehow be locked down / archived / forwarded or something  ? I have used to deleted 20-30 spam emails every morning from there and now if it is kept open but unmanaged it will be flooded by spam, that's sure not good promotion for WDC !

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Can the old forum somehow be locked down / archived / forwarded or something  ? I have used to deleted 20-30 spam emails every morning from there and now if it is kept open but unmanaged it will be flooded by spam, that's sure not good promotion for WDC !

As soon as things have settled down a bit I will post the current situation with the old forum. I suggest you do not moderate it anymore.. thank you for doing that in the past!

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This new forum looks amazing... That is one area that Worldcoin does better than all the rest,  making their website, forums,  wallets, etc. look great and professional...  Great job guys!!

 

Cheers,

 

Ghosty

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This new forum looks amazing... That is one area that Worldcoin does better than all the rest,  making their website, forums,  wallets, etc. look great and professional...  Great job guys!!

 

Cheers,

 

Ghosty

Still more where that came from :)

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Still more where that came from :)

yea worldcoin labs are doing amaizing job (as always). Great summary, looking forward to 2015, strategy sound very pro. good job on new forum, compliment and good luck!!! we are here to support you guys.

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yea worldcoin labs are doing amaizing job (as always). Great summary, looking forward to 2015, strategy sound very pro. good job on new forum, compliment and good luck!!! we are here to support you guys.

Worldcoin labs would be the old forum designer whom we are not affiliated with. This forum was configured by somebody else :) fantastic to see you back bushido!

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Hello everone. Forum does look amazing` I`ve been folowing this coin long time` I really like whats community done to this coin so far.

 

Franco

Thanks Franco,

Hope to see you active from now on!

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