GSUS Worldcoin Promotion.

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Originally Posted by Hitcher

Son of Liberty, got it! Thanks! It said incoming transaction, then poof, 50 wdc appeared in my wallet.

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Welcome aboard, not sure what the confirmation rate for Worldcoin is, but for Bitcoin it typically needs 6 confirmations before it can be spent. Just to make sure that it's a valid coin and not a duplicate. :)

You can find out by going to transactions and place your mouse over your recent coin arrival and it will tell you how confirmations it has.

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Originally Posted by Ares

Welcome aboard, not sure what the confirmation rate for Worldcoin is, but for Bitcoin it typically needs 6 confirmations before it can be spent. Just to make sure that it's a valid coin and not a duplicate. :)

You can find out by going to transactions and place your mouse over your recent coin arrival and it will tell you how confirmations it has.

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Thanks, it says confirmed, 114 confirmations. What is a confirmation?

liberty, thanks for doing this and sending me the pms to get me up and running. A+ job even if i don't get "it" yet.

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Originally Posted by Hitcher

Thanks, it says confirmed, 114 confirmations. What is a confirmation?

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A confirmation is a block of transactions that sits on top of the block of transactions of which your transaction is a part. The more "confirmations", or "subsequent blocks", the older a transaction, and the more "secure" it is in the blockchain, being stored on many computers worldwide.

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Originally Posted by Hitcher

Thanks, it says confirmed, 114 confirmations. What is a confirmation?

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Think of the Worldcoin block chain as an enormous digital transaction log. Miners are "accountants" in this scenario. Each time a transaction takes place it gets added to a block to be processed as the "accountants" are mining for more worldcoins. While in the process of mining they confirm that the transaction was a.) Valid, and b.) no duplicate spent was detected. Once it's in the blockchain it will continue to get confirmations as the block chain grows. Miners and pools keep going over the transaction log from the very first transaction to the most recent to verify all transactions.

Why it would be incredibly difficult if not impossible to spend duplicate coins as they'd never get confirmed by the miners. I'm not sure what security is in place for Worldcoin but I've read that in Bitcoin and Litecoin if there is an address sending multiple duplicate payments it will eventually get ignored by the entire network. I would assume it would be the same for Worldcoin but don't know.

I have free vouchers to a WDC lotto site you guys want em?

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Originally Posted by Ares

Considering how open the protocol is, it would be apparent very quickly if someone was trying to compromise the system.

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Not at all the case, the system could already be compromised which probably is the case.

Just as the precious metal market and this forum have become compromised by E-coin & gambling promotions.

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Originally Posted by Horn

Not at all the case, the system could already be compromised which probably is the case.

Just as the precious metal market and this forum have become compromised by E-coin & gambling promotions.

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Horn I am keeping it in the virtual currencies part of the forum. You don't have come in here if you don't want to.

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Originally Posted by Son-of-Liberty

Sent to Hitcher and sirgonzo420

That is 4, 6 left.

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Thanks! I'm waiting for the blockchain to download and sync.

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Originally Posted by Horn

Not at all the case, the system could already be compromised which probably is the case.

Just as the precious metal market and this forum have become compromised by E-coin & gambling promotions.

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Oh hush, Magnes.


;D