the old way; you start with a white belt, and if you practice long enough and hard enough, then it will turn black and you are a serious student... keep going and it eventually fades and turns white again then you're a master...
Hogwash. do a search on this site and you'll see plenty of references to the FACT that this is myth. There is absolutely nothing wrong with people having different traditions in different organizations. But let's not step too far into fantasy...