Bitcoin Forum

Release date: DELAYED TO 6PM GMT, 25th January 2014

Coin Information

GoldBars (also known as GoldBullion, GoldIngots, Gold  and TrueGold)
This new “Alt-Coin” is part of a brand new group of asset based crypto currency including SilverBar and PlatinumBar supported by real gold, silver and platinum.
We see Gold, Silver and Platinum as potential real payment systems in the future, unlike most coins however our premine will be invested in real Gold, Silver and Platinum to give long term real world value to our currencies.

Our GoldBars are created to be mined across a 50 year period ensuring these are always in demand, always rare and will ensure a greater value whether its person to person or on an exchange. Each of our 96,000,000 (96 million) bars represents all of the gold bars currently ingotted and stored in any part of the world - around 40,000,000 bars - and a further 56 million bars yet mined from the precious earth).

Due to tjhe potential high value of these bars, we will offer a secure storage facility for your gold coins when mined to ensure that you never lose these valuable deposits.

Value

The value of One Bar Of Gold in real terms is over $600,000 dollars compared to Platinum ($460,000 dollars per bar) and Silver ( $1,380 dollars per bar), what will our cryptocurrency be valued to.......?

Although our coin is premined, 2% of the 3.5% premine will be reserved purely for investment into ore, e.g. sold/exchanged and used to purchase holdings of real gold*

*We do not know at this time the value of our coins or the value of ore invested. All details of investments will be made publically available at all times. The same applies to any asset based coins released.

Mining

- 1 minute block target
- 5 Confirms per transaction
- Difficulty re-targets every 60 minutes
- Block reward 0.1 estimated
- Total coin supply: 96,000,000 (96 million - one for every gold bar in storage and mass awaiting mining)
- Scrypt


- Premine: 3.5%
An estimated Pre-Mine of 3.5% is required for the purpose of retaining and investing in real, actual gold deposits which will increase the value of your coins in the future*. Of this 3.5% around 0.5% - 1% will be kept for promotions, currency development and ensure future giveaways and use to make a positive difference to the world by relieving poverty, providing financial opportunities and improving real world social problems through donations, work and provision of opportunity.

Our coin has been minted (compiled pending launch)

Wallets ready on launch;

Linux wallet (ready)
Mac wallet (compile failed) - MacOs Compiler Req - Bounty Paid Please Contact Asap
Windows wallet  (compile failed) - MacOs Compiler Req - Bounty Paid Please Contact Asap

Pools:

Please contact us at info@commonwealthcoins.org if you wish to have your pool added

Hashasaurus: http://gold.hashasaurus.com (available for signup on Saturday 18th January)

FAQ:

#1. - Question: When and where can we download the wallets.
#1a. - Answer: Our wallets will be available to download from our website and linked to from a number of websites including here as soon as possible and in advance of coin launch.

#2. - Question: Why GoldBars, SilverBars and PlatinumBars
#2a. - Answer: We understand that there may be considerable value in our coins whos aim is to directly replicate the use of gold, silver and platinum in society into a virtual cryptocurrency

#3. - Question: Will Gold, Silver and Platinum be on the exchanges
#3a. - Answer: We are confident that these belong on the exchanges and will be making an application to major exchanges upon launch.

Other:

Blockchain: TBC (will be available upon launch)

Forum: TBC

Website: http://www.commonwealthcoins.org

Anything else please contact us via private message or via email at info@commonwealthcoins.org

Can I get a real Gold Bar instead?  ;)

- Premine: 3.5%
An estimated Pre-Mine of 3.5% is required for the purpose of retaining and investing in real, actual gold deposits which will increase the value of your coins in the future*. Of this 3.5% around 0.5% - 1% will be kept for promotions, currency development and ensure future giveaways and use to make a positive difference to the world by relieving poverty, providing financial opportunities and improving real world social problems through donations, work and provision of opportunity.

AGAIN DEAD

2,5 % FOR YOU GL

another shitty coin.

Lol @ 3.5% premine good luck nonetheless

2.5% is unnacceptable and i can gaurantee you, with this large premine no one will support this. Just mine like the rest.

You should change your nick to scamcoindev. Or perhaps onlyidiotsminemycoins. I think it would look much better on your crydittz Cry you Ditz!

So, er, how much gold have u purchased in order to support the currency?

Is that a rhetorical question?  :D

I mean, zero is a number too, right?

It is indeed, but I had hoped that supported by real gold, silver and platinum meant that it was supported by real gold, silver and platinum.

Just like back in the 19th century, sweet.

I have an idea......why dont the GoldBars devs buy a shit-load of G,S+P, lock it up in a big steel box, and then write on a piece of paper that they will give a certain amount of gold (or S or P) to anyone with the piece of paper. We can then buy these pieces of paper from them.

So we exchange BTC for the piece of paper and then use the paper to buy stuff with. Much easier than carrying a computer down to the supermarket.

Lets call the pieces of paper "notes" or maybe "bigsteelboxnotes"

LOL @ bigsteelboxnotes.

I'm in the UK so our notes aren't backed up by Gold. Gordon Brown sold all of our reserves.

Their maths dont add up.

0.1 bars per block.

1 block per minute.

1440 blocks per day.

525600 blocks per year

52560 bars per year.

3.5 premine = 3360000 bars.

it will take 63.92 years before the public has accumulated as many bars as the premine.  Giving away 0.5% to 1.0% of the premine will not bring this into an acceptable range either imho.

Disgusting.

premined means dead.

can not launched in trade platform anymore

so pass the shit coin

by the way , DEV have another coin luanch at same time,https://bitcointalk.org/index.php?topic=412570.new#new

shit

Yo OP your coins suck

Learn to acutally program and make something interesting... maybe something else that revolutionizes online finances

LOL @ 3.5% premine

Don't bother releasing this scam shit

^^^ 3.5% premine actually didn't sound terribly bad until this ^^^

same scamcoin dev from platinum bars that make sure no one can pool more than the dev until 50 years LOL

I don't care about the premine but it seems you're going around releasing multiple clonecoins at the same time. What is the purpose of such strategy other than being v greedy?

2.5% to be retained by the dev.  Lol.   What a joke.

Move along, nothing to see here.

I predict Gold wallet for windows won't be ready at the launch and linux users instamine shit out of it.

this one is not going to fly.

same goes for Platinumbars and Silverbars (launching three coins at once, honestly..... :-\).....

ban this fool

although could be someone just trying to point out just how stupid all these new coins are and there is no real need for them.

The ironic thing is, I believe this is serious.  :-\

Holy fuck, 3.5%?

Are these "devs" even trying anymore?

This is borderline ridiculous.

BCT can do very well without another shitcoin.

Wow! so much innovation :O

ps, gold ain't worth more than platinum :P http://gyazo.com/64ff00b7ede66c1dd5277de9a175a94f

another premined makeMeRich/Shit coin.

Now honestly, this madness must stop. If the community stops mining this shit coins not even a 1kh power, this shitcoins will be eventualy stop being released. That is enough realy, hundreds of shitcoin releases with premines with empty promises.

Every developer must thing this as a business, if you want something to make money, use real money pay it from your pocket or if you want payment for your great work donations are the way to go. If you do good job on your coin, i am pretty sure that the donations will be enough for your live but PLEASE STOP RELEASING SHIT COINS WITH PREMINES

Exactly how is this going to work?

For physical gold backing to have any effect on the price of these "GOLD BARS", it needs to be possible for the owner of any GOLD BARS to exchange their gold bars for physical gold.

And I'll bet my big left toenail you have no such plans, and probably had no idea what you were saying to begin with.

Scam scam scam.

- Premine: 3.5%  = died before the start

just want to add my activity here ...

why don't we stop posting here and it'll make this and any sister of this coin thread sink ?

I'll be the first to call it...

Fayull

rofl

How is this a crypto assets? Just because u put a picture of a goldbar? This is not a crypto assets this is just another Cline scrypt coin with different specs.

LOL'D BARS

WOW they're backing this with all the real gold in the world? how the hell... aren't the governments and banks going to notice it's gone?!?!

This coin is worse than EAC lol

skip

no future no way

3.5% premine  ;D why not 10% or 35%? Or even better 100 premine and IPO?  ;D

junk is junk...pass

I usually like new coins but premining ruins the fun. I'll pass.

Yes, all miners mining this shitcoin will just work for them.

yeah! i thought the exact same thing!
they already have 3 millions, when the other will get 0.1 per minutes (if you are lucky to find the block) otherwise mining in pools you will get something like 0.00234randomnumbers532 per round!

What they were thinking!
They really think we are all dumb??

clackersmaracas:
3.5%
can you stop so fucking coin ann?Huh

I'm not even gonna buy popcorns for this one!

So many trolls with little belief in making a stable alt economy.

If anyone has even bothered to read properly;

1) all calcs are estimates at the time of information delivery
2) 2% of all premine is not reserved for any personal or team gain but purely as reserves for the purchase of ore to support the coins long term value
3) launching 3 coins at once gives variety and also prevents the same people from benefitting from pumping a coin

There just seems to be a number of people with high hashing power trolling for coins to pump and leave low hashing people with nothing, thats plainly obvious, premine doesnt devalue coins.

In fact it might be an idea just to launch MacOs wallets to start off with to give them guys first look for a change?

If you are looking for quick profit, pump and dump, non premine coins then go and get yourselves some ImSelfishAndDontCareAboutAnyoneElseCoin (SELFISH) ;)

Otherwise be fair, encourage new people to have a look, and have some faith in something a little different.

Too many ScamUsers nevermind ScamCoins - Bitcoin and Altcoin are peer to peer, person to person, opensource, sharing wealth, not mining the crap out of everything for individual gain!

We're delighted with positive comments and support from various sources and will continue hopefully with successful launches.

Cheers for now, more news tomorrow we hope :)

Selfish is pre-mining 3 new coins then releasing them 3 hours apart. One of them is sure to do well, right? Then you can keep those millions all for yourself. Hell, you could even buy precious metals with them.

99,999% premined coin

Lol you are kidding?! BitBar was 50% premined so I am told and we're getting badgered for 3.5% premine estimate?! OMG! Such Trolls. Many Crooks :) lol

Anyways block reward is low, and thats the point as we want value as long term investment, with the following rewards;

Gold - 1 Bar Per Block
Silver - 8 Bars Per Block
Platinum - 0.125 Bars Per Block

Excited to be providing coins with real long term value (that are actually mined and not all prepaid like NXT and Mastercoin MSC) to fellow miners.

Websites with updated info, wallets and much more information in depth will be available shortly along with main updates to these threads tomorrow

Happy Mining :D

Ive never solo mined, will you coordinate with pool operators for the launch such as minersbest.com ? Or can you post detailed noob friendly solo mining instructions? I'm excited to be a part of this coin!

Just don't waste electricity costs on this pre-mined shitscamcoin.
Better donate some money to sick childs then, instead of making this dev rich!

Im new to this so pls excuse the q's.
Arent most coins premined?
Shouldn't the devs reap the biggest reward for creating it?
I figure since theyre upfront at least about the premine that's a good sign (so far) compared to what I've read about change as you launch shenanigans?

50 years of mining and 3.5% premine...lolol

agreed. No thanks!

this junk might survive....ORB did.

Though I mine lot of new coins I mean almost anything but this coin is ridiculous

well the OP is atleast smart... just lauch 4 coins 1 must survive though...

Why? Anyone who actually wants a serious gold-based altcoin should take a look at KlondikeCoin. This is just speculation and hype.

BTW only Linux wallet will be available at the start?

Linux wallet (ready)
Mac wallet (compile failed) - MacOs Compiler Req - Bounty Paid Please Contact Asap
Windows wallet  (compile failed) - MacOs Compiler Req - Bounty Paid Please Contact Asap

Atleast put some effort in it to launch it with diff. os wallets...

Another great developer does not know to compile a windows wallet.

skipping this  SCAM

So I guess if you don't know how to compile a windows wallet then I guess your other three coins won't have their wallets?

GoldBars
https://bitcointalk.org/index.php?topic=412535.0
LAUNCHING 6PM GMT, 18th January 2014

SilverBars
https://bitcointalk.org/index.php?topic=412543.0
LAUNCHING 7PM GMT, 18th January 2014

PlatinumBars
https://bitcointalk.org/index.php?topic=412570.0
LAUNCHING 8PM GMT, 18th January 2014

With all of them 3.5% premine

Let them die....looks like they were stillborn anyway.

Would you take any dev seriously who releases multiple coins per day?

3.5% premine is made extra huge with block times and scaling.

Only the dumbest of noobs will try it out. Let them burn their hash away on crap like this ..


The biggest farms i know of use linux so they are probably raping these to death already LOL  .... oh well no loss can never sell them anyway.

The linux compiles of the three coins have been completed.
The macos and windows compiles are currently incomplete due to a few issues which will be addressed (i was assured that their compile would be complete but understand this is not so)
The pools and services are setup pending finalising with LiveChains.
All services for these coins are prepaid and support structure is in place to maintain these coins.

Once again, please note, the word scam is a codeword often used by people that say "im a pump and dump miner but theres no massve profit in this coin for me".

Pump and dumpers move on.....

- Premine: 3.5%
An estimated Pre-Mine of 3.5% is required for the purpose of retaining and investing in real,
actual gold deposits which will increase the value of your coins in the future*. Of this 3.5% around
0.5% - 1% will be kept for promotions, currency development and ensure future
giveaways and use to make a positive difference to the world by relieving poverty, providing
financial opportunities and improving real world social problems through donations, work and
provision of opportunity.





                                         go away...

so its only available to Linux folks?
what kind of launch is that?
why wouldn't dev just wait till its all in order?
this just makes him look like a greedy putz!
not name calling either ... just stating the obvious!
or its designed for the cryptsy hash farm on day 1 .. day 2 is for the herd!

pretty sure it will be whales first ... everyone else second.. that's become the norm

If you are mining this coin you are WASTING YOUR HASHES.

See previous comments that did the actual math on this coin and you'll see that it will be OVER SIXTY YEARS before this coin is mined enough by the public to equal the premine amount.

Use your heads people.

So it is 7:27 AM GMT.  Has it launched?

No dev has vanished it's harder to get value to shit/scam coin

nice coin..

 :-*

edit: https://bitcointalk.org/index.php?topic=412591.msg4471798#msg4471798

Hello to everyone.

It's been some time since we launched GoldBars and things have developed considerably during that time, there's been alot of time and work focusing on the infrastructure, methodology and creating 100% new wealth as part of GoldBars GBS rather than focusing on building a coin purely for the purpose of mining and transaction. Due to the lengthy development SilverBars and PlatinumBars (amongst many others) will be launched in the future along, there is alot more planned, everyone will just need to be patient.

During the initial phase of development, the GoldBars concept rapidly changed from something that would be Gold Backed to something with a much greater value and purpose (after all it would not be good to ask the banks to double spend on already allocated gold resources).

I am now ready to share more about why GoldBars is so important, and what its purpose is, I hope you will be pleasantly surprised and supportive.

If you want to skip the text and read the book - Infinite Wealth (Authored By Myself) - then you can download it on Amazon (search for infinite wealth) or download it from http://www.twitter.com/wealthinfinite

http://www.commonwealthcoins.org/img/tomorrow-wealth-today.jpg

(image not displaying try viewing this link - http://www.commonwealthcoins.org/img/tomorrow-wealth-today.jpg)

The Infinite Wealth Strategy
As of yesterday as the lead developer, and chair of the not for profit organisation CCI, which has permission to deliver GoldBars, we have made formal contact with the United Nations requesting support for our work. Previously we have made contact with the International Red Cross and are awaiting a formal response, again we hope of support.

The reason for this is that GoldBars GBS is also referred to as Virtual Gold (or vGold) and is designed to power an entirely new virtual economy based on resources and commodities (such as gold) locked in other planets, stars and space matter. Essentially vGold (GoldBars GBS) is a conduit for the international community to borrow wealth against Gold deposits on Mars or other neighbouring planet, to do a number of important things;

1) to fund and pay for the colonisation and off world prospecting/mining of Mars (and or neighbouring planets)
2) to establish a new economy of resources for the planet of Mars to create new wealth and interplanetary trade
3) to fund directly humanitarian aid, conservation, remove poverty, tackle world debt, fund the improvement of life in all social classes
4) to inject capital against off world deposits into cryptocurrencies to introduce liquidity into the international fiscal system

Our strategy features a brand new Virtual Commodities Market (in development) linked to Virtual Gold, other Virtual Elements and not only provides humankind with potential abundant funds, but also provides governments with abundant international taxation potential, trading options, but most importantly tackles some of the most important problems facing our species and planet as population increases 4 times to 28 billion by 2095, namely beginning the off world colonisation process by funding international space programmes.

The beauty of our strategy is that;

1) it is 100% brand new wealth backed by resources locked in other planets
2) the wealth is infinitely scalable, so when the UN agree to unlock additional resource value for a particular purpose, new wealth can be created instantly and regulated
3) the world can borrow money to create jobs for everyone to build off world colonies, off world mining hardware, and build modular space craft, research new propulsion and more
4) it creates wealth opportunities for everyone, people at home, at work, with disabilities, in undeveloped countries, government, banks and traders
5) the amount of wealth that can be created is infinite, so we can tackle major Earth problems like never before

How Will It Work
Simply we are not creating cryptocurrencies, they are called Crypto Ores (or Virtual Ores) and are used as conduits to establish a new virtual economy (separate from an existing economy for monitoring, tracking and scalability). Some capital wealth (which is 100% new wealth) will be injected into cryptocurrencies (e.g. Earthcoin, Worldcoin etc that want to be a part of our strategy rather than rely on the markets to create value).

Virtual Gold (GoldBars GBS) will be linked directly to existing Gold market value (estimated at $500,000 per bar) to remove any potential for market manipulation and create the conduit for new wealth from other planets and stars. Once established this will provide application based funding for world projects, but at the same time inject capital into cryptocurrencies.

How Much New Wealth Will It Create

We have earmarked a creation of 480 million bars in total of GoldBars (240 million vaulted / locked for injection into cryptocurrencies and funding projects), the remaining 240 million were earmarked for direct mining by the public. This may change. Although what is clear is that this would create $243 trillion of brand new wealth, remove all current world debt, and provide enough money to fund projects on a scale never seen before, there would never be a global financial crisis ever again, and there would be no poverty.

Of the $127 trillion vaulted, this would be used to inject capital into cryptocurrencies, to give you an idea of what they would be worth (if chosen) here are some basic figures;

Bitcoin , $1 trillion of new vaulted wealth, 21 million coins, $40,000 each (est)
Worldcoin, $1 trillion of new vaulted wealth, 265 million coins, $3,600 each (est)
Earthcoin, $1 trillion of new vaulted wealth, 13,500 million coins, $76 each (est)
Mazacoin, $1 trillion of new vaulted wealth, 2,419 million coins, $300 each (est)
Cryptogenic Bullion, $1 trillion of new vaulted wealth, 1 million coins, $1 million each (est)

The beauty of this is that the coins are already mined and in circulation, with this strategy each coin would be a fixed value BUT would fluctuate up and down with the price of gold so it still presents trading options PLUS because the values are fixed, stable and linked to current markets Banks and Governments should have no problem (in association with the World Bank) guaranteeing cryptocurrency values.

Bitcoin has huge potential obstacles in its path, is unstable by value, is taking far too long to be adopted and is never going to create the VAULTED WEALTH necessary to tackle huge human projects and goals such as conservation. Crowdfunding provides little yield in comparison to charitable aid, its just not going to work. Although with a fixed price of $40,000 each Bitcoin becomes one of a number of potential conduits for introducing new wealth to society.

But GoldBars Isnt Synching, Its a Coingen, I Cant Mine It

GoldBars daemon is installed and running, granted with intermittent issues.
We have deliberately left it as a Coingen to avoid being placed on exchanges and devaluing our invention, it is a completely separate entity and powers a whole new market backed by real resources locked in other planets and working legally with the Outer Space Treaty 1967.
We have recently changed from a MPOS to NOMP pool, the transition has been successful, however experiencing a few issues at present.

To date we know that around 3 million bars have been mined, of which around 500,000 - 600,000 were premined to fund the CCI trust's work indefinitely. We are unsure of the future availability of mining GoldBars as it would only be appropriate for small amounts to be available for mining (and again something which is likely to be regulated in the future). So those lucky enough to have some GoldBars, it may be worth quite a bit in the future*

*Subject to acceptance of the United Nations, International Community, and successful implementation of Virtual Gold and the Virtual Commodities Market.

What's Next

We are working on getting our strategy accepted with the United Nations, and seeking to establish protection of our intellectual property and creation. Once we have protection and support we will be fundraising existing wealth (or using part of the premine as a loan until established so that we can employ a significant team to get this strategy moving). Ideally we would want to have a development team in place by the end of 2014, acknowledgement by world governments and working with economic thinktanks, Nasa and major world humanitarian organisations by this time next year with a full, legally accepted, and officially appointed strategy for creating 100% brand new wealth.

We've got alot to do. I am hoping that I will start to do some Radio talks, TV interviews and maybe even a TED talk, but that's all depending on advancing through the United Nations and gaining a greater understanding and acceptance of what we propose.

Head over to http://www.twitter.com/wealthinfinite or http://www.twitter.com/virtualores and catch up with some of the posts for more info, or head over to Cryptocointalk where we have a huge repository at https://cryptocointalk.com/forum/1035-goldbars-gbs/

http://www.commonwealthcoins.org/img/tomorrow-wealth-today2.jpg
(image not displaying try this link http://www.commonwealthcoins.org/img/tomorrow-wealth-today2.jpg)

In Conclusion

We will be delivering SilverBars, PlatinumBars, and a fully fledged Virtual Commodities Market (subject to international support and acknowledgement of IP).
We will not be creating cryptocurrencies which have no intrinsic value, everything we create will be from Virtual Gold and conduits of wealth LOCKED IN OTHER PLANETS.
We will endeavour to increase world peace and world order, at the same time cure poverty with the injection of infinite scalable wealth via digital cash.

We are working hard, and as quickly as possible to try and achieve our goals, and we would like your support, if Bitcoin ends up being worth just a few dollars I believe our strategy is the only real one that can solve every major humanitarian and financial crisis now and in the future, because it is infinitely scalable, and has 100% resource backed capital locked in other planets.

Did you know in 2011 the US annual space budget for Nasa was just $11 billion. The US annual spend was just $3.4 trillion.

If successful we will initially create $243 trillion of infinitely scalable wealth, and could in the next decade alone provide between $5 trillion - $25 trillion towards jobs and colonising Mars.

Our latest website (still in development) is at http://www.commonwealthcoins.org/preview/

We can also be followed at;

http://www.twitter.com/virtualores
http://www.twitter.com/wealthinfinite
http://www.twitter.com/ccicryptotrust
http://www.facebook.com/virtualgold

Please be polite and supportive with your comments and get in touch at any time. Thank you.

Disclaimer:
All the information contained in the book Infinite Wealth, within this post, and on social media is speculative and based on the support of one or more countries in a governing capacity either individually or through the United Nations. It may take 200 - 300 years before we are able to have access to the sort of wealth we can create in the next decade so all we are doing is advancing the natural expansion of our species using Virtual Gold and conduits to fasttrack new wealth. We do not see this in any shape or form as illegal, and believe it is our right representing the human democracy to take charge and manage this important development free from any single point of monopoly, either government, business, political or religious and completely agnostic in that respect.

GoldBars GBS at this time have no value, however if approved we intend to advance to index link it to existing Gold and Gold prices. You invest your time and money at your own responsibility on the basis that there is a chance it will be of no future value. CCI has trustees in the USA, UK, Norway and Australia and would be delighted to involve more people particularly who have in depth experience in International Finance, International Fundraising, Bitcoin Development, Marketing and any skills that would be of benefit. We are working to establish a HQ in New York once we have confirmation of acceptance in partnership with the UN and have access to enough funds to start taking giant steps.