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Since the guy who runs the GLD thread just deleted my posts I decided to see what the rest of the community thinks of GLD as I am sure others have had their posts deleted for no apparent reason:

GLD FACTs:
1) GLD generates a block every 2 minutes. First 200 blocks paid out 10,000 GLD. That means 6 hrs to generate 2 million GLD. Premine anyone?
EDIT: After reading Hazards article there was actually 8 Million of the current 28 Million mined in the first 24 hours:http://cryptolife.net/goldcoin-the-scam-that-keeps-on-giving/ (http://cryptolife.net/goldcoin-the-scam-that-keeps-on-giving/)
2) GLD was obviously just forked by the so called "51%" defense.
3) 3/4 of my GLD just vanished. Wtf?

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

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Glad to see the guy behind GLD is welcoming of new community members. Then again that does explain how the first 2 million GLD were mined in 6 hours.

Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

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I like the idea behind GLD & would love to keep mining it. It has some great potential. After all, who doesn't want some crypto Gold with a nice shiny wallet emblem? ;)

But after watching over half my coins disappear I must concur that this 51% defense is on its way to becoming a major mining buzz kill. Back to FTC and WDC I go. Looking forward to the patch.

Everything you need to know: http://cryptolife.net/goldcoin-the-scam-that-keeps-on-giving/

Luckily I have dropped out of GLD before quite some time.

Wish I would have seen that a week ago!

A minor bug has been discovered in the code that is causing an unintended drop in mining difficulty.

Like Fort Knox, the 51% attack defense is designed to keep your Gold safe and secure from the bad guys. This new defense system is unique to anything ever seen in cryptocurrency and perhaps not unlike the way Satoshi would have approached the issue had he stuck around and continued his work on Bitcoin.

Of course, one of the consequences of great technical innovation is that sometimes there can be kinks in the machinery, think "Wright Brothers". Well, the kinks in the new code have been identified and the development team is currently working on a solution. We expect to release a maintenance patch within the next 12 to 36 hours or sooner. This should allow mining operations to return to normal.

And please rest assured that during this entire process transactions will remain reliable and secure.  :)

Not one, but two absurd comparisons in one post? Well done Microguy!

Comparing yourself to Fort Knox and Satoshi... LOL

What are the Wright Brothers? Chopped liver?  :P

Make that three absurd comparisons. I had lost myself in laughter and didn't bother reading past the Satoshi part.

Carry on...

I was all for GLD when I first discovered it. I still think it has some potential but not if you keep deleting posts of potential supporters for no apparent reason. Unlike you I am not going to delete your post(s). I want to see what the rest of the community thinks of GLD before I even think about touching GLD again once the so called "51% fork" patch arrives.

I actually mined during the first hours of GLD. Unfortunately I barely missed the 10,000 GLD blocks. At some point I had 80% of the network hashrate with my 140 KHash/s, because GLD was originally announced in the Newbie section and I guess everyone there just used the built-in CPU miner since no GPU mining instructions were posted (though it was trivial to do, since GLD is exactly the same as every other scrypt-coin). It was pretty cool seeing the 1000 GLD blocks stream in back-to-back.

After a little while I just turned the thing off, because I didn't think anyone would care for this coin for more than a day. Turns out I was wrong. And I still have no idea why this coin, announced in the Newbie section by an anonymous member, with no innovation to speak of and one of the worst block-reward-schedules out there, is still around.

Pure human greed. The world "Gold" with the Golden coin and the "GLD" ticker.

GoldCoin is a good coin and MicroGuy is decent, he donates personally to the community and helps. Hazard is just a moron that has created some scam coins now hes bitter that someone has created something of value, I'm not actually hating you just do the same thing every post mate. GoldCoin is a good coin and those who hate it I feel deeply sorry for you, alot of coins don't have the same sense of community as GLD.

Do you just spout this bullshit without doing even the slighest bit of research?

Read my goldcoin article, it'll tell you why this coin is complete shit in an objective fashion, and it'll only take you a minute to read.

Just realized from Hazards article that 8 million GLD were mined in the first 24 hrs. Then the chain is forked again to lower the reward. So MicroGuy is sitting on top of 1/3 of all Goldcoin? Wow... why didn't I think of that? lol ... I have an idea.... next up on the Sh!tCoin Market, SilverCoin!

Can anyone confirm the PM I just received is accurate?

You have just been sent a personal message by AZIZ1977 on Bitcoin Forum.

IMPORTANT: Remember, this is just a notification. Please do not reply to this email.

The message they sent you was:

Microguy was not the original DEV. The original DEV was gldcoin who abandoned the coin.

Microguy came much later into the picture when he tried to buy Goldcoins on the forum and was scammed by kr4x for many BTC's.

Micro Guy was paying people 100s of dollars to mine Goldcoin because after a 1GH/s difficulty went sky rocketing and nobody was not mining it.



When I look up this user's previous posts all I see is GoldCoin promotion :https://bitcointalk.org/index.php?action=profile;u=112451;sa=showPosts (https://bitcointalk.org/index.php?action=profile;u=112451;sa=showPosts)

How many accounts does MicroGuy have?

all info can be found on btctalk

http://www.gldtalk.org/devteam/fall.png


Aziz1977 is a real person. I was just pruning the GoldCoin thread to eliminate confusion and repetitive comments. Sorry if your post was the baby that got thrown out with the bathwater. Honestly, I don't even remember what you said. Lol.

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Don't miss the fun below! VVVVVVVVVV  Come check out the latest edition of the GoldCoin Report! :D

Have a link?

https://bitcointalk.org/index.php?topic=225137.0

https://www.gldtalk.org/index.php?topic=8.0

So you delete posts that often ay? Hell, even BFL didn't stoop that low. To refresh your memory the first post you deleted was:


At that point I was actually still thinking about supporting GLD.

Yeah. That post probably should not have been pruned. Sorry.  :-[

http://www.gldtalk.org/devteam/evil.png


We'd love to have you come back home!  8)


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Don't miss the fun below! VVVVVVVVVV  Come check out the latest edition of the GoldCoin Report! :D

I hate everything about that coin. Let's just keep coins that make sense such as anoncoin and securecoin.

Ultimately those are going to outperform GLD dozens of times over. They actually have legitimate reasons for existing.

As I said in my video (dedicated to the forum members of bitcointalk) I wish you all the best with your Projects.

We're doing the best we can....not perfect but we're giving it our all!

All this can be set up. Inputs.io anyone?  ::)
I'm not saying that it was, don't get me wrong.

Hmmmm....maybe one day you'll repay all the donation money you stole from the community? How much is that worth now?

You must have me mistaken with someone. Similar aliases?

Let's be honest. Goldcoin (GLD) has more psychological potential of becoming a mainstream currency than any other alt coin. I don't see my grandmother going to the store and paying for something with her BBQCoin or her HoboNickels or even her Feathercoin (I like that one).

I could however see her going to town with her "GoldCoin" or as she would refer to it, her "virtual gold." The concept can be related to the average Joe so much easier than "ZetaCoin" or "PhoenixCoin" etc...

For GLD to succeed it needs to be launched correctly. If MicroGuy was indeed screwed out of 500k GLD, then there are 8 million GLD in the hands of 1,2 maybe 3 people who launched it. The coin will never get far that way. To many miners know how the system works now and wont trust it.

I like the idea of all the GoldCoin not being mined completely for a 100 years and there being some sort of 51% prevention. My biggest fear with BTC is as more miners are forced from BTC mining the network will become more centralized as ASIC companies take over. I think BTC will eventually be surpassed by a non ASIC coin for this very reason.

If GLD were to be the first Alt coin to be "re-launched" with a different initial payout that was to be dispersed between hundreds if not thousands of miners from zero hour onward at a small rate over the next 100 years a very strong initial community would form around it. This could propel GLD to the top 3 in a matter of months. The literal, virtual "Gold Rush" would be on. It would be easy to gather attention and support for a wide spread re-launch. GLD as a scrypt coin could overtake BTC since most people understand the potential of a virtual "gold" to exist.

If the analogy of actual Gold is to be applied to GoldCoin, 10,000 GLD every 2 minutes is not the way to re-launch. More like 200, with 500 initial miners at a higher difficulty.

Well i never mined goldcoins at one time i had over 70k goldcoin i bought from crytsy wich i bought because of the name im a precious metal guy, unfortunatelly someone hacked my walett and all went to dust i got bought some back but i still belive gld wil be big, remember the chinese are buying all the crypto that can with theyr CNY, and if you dont know china is the biggest gold horder in the world, when they know about this coin you will see the price explode, that im sure!
In the meanwhile if you want to show some love and spread the wealth here is my adress,
ECpVU4zK8TgC84BJKv85LWbeoMWxGfGCbV
Thanks!

that is old news

That really sucks. It looks like many people are having issues with coins disappearing. 3/4 of the coins I mined have disappeared. The chain has been forked.

Sounds like the "accidental" purge of user posts happens in any thread controlled by the GLD team ay?  I created this thread to get the truth out without any censorship of whats really going on with GLD. Censorship goes against everything we have achieved thus far on Bitcointalk.

You were moderated because as you know you kept spamming the forum with your website advertising after being warned over and over again. I've already sent a PM to the OP of this thread apologizing because his post was pruned.

This is true, I just read the apology. Thank you for that MicroGuy. I was baffled as to why my first post was deleted. There was also a second that was deleted.

I do understand how some comments are irrelevant blatant spam and should be deleted. But I do not agree with "purging" threads of any posts that are contributed by BitcoinTalk members voicing their opinions and experiences, even if deemed "repetitive."

I've had a rough day today. Made a few mistakes. Sorry about this whole mess.

The developers have just informed me that the new patch is now being tested.  :)

Any details on what exactly the patch will do/fix?

Both developers have been working all day on the patch. My understanding is that it will correct the falling difficulty and stabilize mining operations.

We should be able to provide an in-depth explanation within a few hours.

Yeah.. that is.. if they exist for much longer  :D

Anoncoin's idea is neat on paper, but it also makes tracing transactions through the blockchain impossible..

so if there is ever a double spend on ANC.. even the developers won't know and won't be able to fix it.  8)

Our 51% defense is unique, and cutting edge. No one before has successfully attempted to throttle the blockchain like we have.

The issue at hand is that our difficulty code didn't mesh well with our 51% defense, and as a result our difficulty is continuing to drop. This makes it easy for the coin to fork itself, which means that recently mined coins are easily lost.

The new update(ETA ~4 hours) addresses this issue as well as the mining delay issue.

We are confident that in the end we will end up outperforming every altcoin.
We're in it for the long game and don't need to rely on spamming our users with marketing jargon trying to make us look better than we really are.

If the other altcoins feel that brainwashing their users with fancy whitepapers consisting of half baked ideas that can easily prove to be deadly mistakes in the future is a good idea...

That's great for them..  but we don't lie to our user base.

There is a problem, we're on it, expect an update soon. Thank you for sticking with GoldCoin (GLD).

microguy bans me from his forum for exposing the people scaming gldcoin....lol

microguy you seriously have no idea who your friends or foe are, if I had a dollar for every PM I have from those close to you wanting to overthrow you're overly controlling leadership.....well    :o

This is one of the reasons why it should be listed in the scamcoin list. Feels like Anarchy.

I was banned from the gld forum because I posted marketcap data where GLD get down. Admin wrote me that I posted false data and called me liar. I just copied that data from coinmarketcap.

Those people are fanatics, and Microguy can go drink his nipple nectar...what a wierdo

It is sad, this coin had potential. it sucks 1 guy (with multiple accounts) is destroying it.

GLDTalk.org is a "pro-goldcoin" forum.

So basically, anything that is beneficial and helpful to the growth and betterment of Goldcoin is not only allowed and encouraged, it's essential to the development of the currency. This includes constructive criticism.

However, there is a tendency for longtime users of BCT and others to arrive and mistakenly take this as a no-holds-barred free speech type platform. And then there are the trolls that arrive on TOR networks playing various games intent on distraction, disruption, and inciting drama.

If I do my job correctly, most of these problems are handled quickly and pass by unnoticed by the general community. Before banning a user I take into consideration his age, network of origin, history, and other factors. But post moderation and disciplinary actions are not exact sciences and occasionally a community member can fall victim to collateral damage.

If you feel you were unfairly blocked or banned (there are only 8 total and some of those are multi regs) please send me a PM.


It really doesn't matter how many accounts this guy/girl opens. It's actually having zero impact on the coin's success.