Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: plaxant on January 31, 2014, 01:54:41 AM



Title: [ANN]GaltCoin - Full Release
Post by: plaxant on January 31, 2014, 01:54:41 AM

The Engine That Drives the World
Website (http://www.galtco.in) - Facebook (https://www.facebook.com/pages/Galtcoin/803430586349190) - Twitter (https://www.twitter.com/galtcoin) - Reddit (http://reddit.com/r/galtcoin) -Download Wallet (https://sourceforge.net/projects/galtcoin/files/) - Source (https://sourceforge.net/p/galtcoin/code-0/HEAD/tree/)

Features:
  • Scrypt Algorithm (ASIC Resistant)
  • 42 Million coin maximum
  • 50 coins per block until halving at every 420,000 blocks
  • Stable nodes
  • Only 1000 Blocks pre-mined for network testing, bounties and early access rewards
  • Four active pools
  • Dedicated Block Explorer
  • Paper wallet generator is being developed

First I'd like to thank everyone that helped test our network and allowed us to get this far. All of you helped more than you can imagine. Between making sure the network is stable, to identifying documentation problems to getting mining instructions well documented. Thank You!

“I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine.”  Sign over Galt’s Gulch

John Galt concluded he would no longer use his talents to support an over regulated, hyper taxed, war ravaged, and welfare riddled society. The famous Ayn Rand protagonist created a community where scientists, inventors, entrepreneurs and others would come together to thrive. We believe that cryptocurrency is the first step to this community.

We created a currency not controlled by any single group, by a central authority, or government. A currency that is regulated by the markets, not a select few in secret. A currency that is open, and that encourages development, investment, thrift and savings. A currency that is portable, and not dependent on imaginary lines drawn by a state. That allows for individuals to work together or on their own.

GaltCoin is limited creating scarcity, only 42,000,000 coins will ever be made. GaltCoin is based on the scrypt algorithm, making it ASIC resistant. Initially 50 coins per block will be awarded.  This halves exactly every 420,000 blocks, which should by most estimates be about every 4 years.

Each coin is slowly released into the real-world economy through the “mining” process, which is similar to Bitcoin, involves the computation of mathematical problems (also known as “hashing”). This collective amount of computing power is used to create a secure, worldwide, decentralized ledger of accounting called the “blockchain”.

The blockchain is simply a globally maintained file that contains every transaction that has ever occurred on the GaltCoin network. This eliminates counterfeiting and spontaneous printing of money, since all GaltCoin units are accounted for at all times, albeit anonymously (per your choice).

Long Term Outlook
We are going with the initial par value of US$0.10/GaltCoin (GLT).  While par values are effectively meaningless (Berkshire Hathaway class A stock has a par value of $5 for example, and is hovering around $175,000 per share :), we are setting the expectation that a GaltCoin is worth about said dime. We do not intend to make it directly linked to any given currency, nor in fact do we plan on making any valuation that wasn’t placed there by Adam Smith’s “Invisible Hand”, but we recognize you have to start somewhere.

We intend that GaltCoin’s major purposes will be twofold: firstly, to provide an alternative currency that is not tightly controlled by an oligarchy, we fully anticipate letting GaltCoin to its own devices on a relatively quick timescale, maybe a year at most, and we will not lightly make changes during that time. If we have to step in later to break up a Cabal, lord have mercy on them, for we won’t.

Secondly, we anticipate that there will be many things that Liberty-minded people will desire to acquire, and that nationalistic governments will oftentimes desire to know who is buying these things or ban the sale outright.  By taking the base of Bitcoin, whose major problem right now is the LAST people that should have access to large amounts of Bitcoin, the Feds, have seized a notable proportion of outstanding coin in the SR bust, adding some cultural pressures to always use tor and other best security practices, and through the very name of the coin reminding people that this is not an augmentation of nationalistic currencies but an attempt to replace them with something much better, we anticipate that GaltCoin will be positioned to be the premier currency for Liberty-minded marketeers.

While GaltCoin itself should not care on how legal the business that uses it is, the devteam has a strong desire to remain free to go where they listeth, so will focus on increasing GaltCoin’s acceptance in legal ventures.  Effectively, what we’d like to see happening in the medium-term is that Galtcoin is becomes enough of a store of value that it can be used to donate to Liberty-minded political candidates such as the Libertarian and Pirate Parties. Why Go Galt when we can bring the Galt to us?

We understand many will turn their nose at the coingen method we used to compile the code, but we've been happy with the service provided and it enabled us to build a coin that would have taken a lot more work to get off the ground. The idea of GaltCoin started with myself, and with the help of our devteam we were able to get the coin from idea to full public release in less than 4 weeks. While we did mine 1000 blocks to test our network, the vast majority of those 50,000 coins are in my wallet and have been used mainly for bounties rewards and paying people that helped us find and fix any bugs.

My personal view is that we will not negotiate directly with exchanges. If the exchanges, or users find the coin to be of value we will be happy to work with the exchanges to get them the documentation they need. As with anyone else looking to develop any related tools. We did run an open beta for approximately two weeks to allow us to have a couple of pools operating and to get a block explorer developed. This was a completely open test where anyone was able to join in mining, or developing their own tools.

Pools:
  • GoldMine P2Pool (http://p2pool.neocities.org/coin_glt.html)
  • CryptoPoolMining MPOS (https://www.cryptopoolmining.com/glt/index.php)
  • Nautilusbloomer MPOS (http://galt.nautilusbloomer.com/index.php)
  • Bardiharborow P2Pool] (http://mine.bardiharborow.tk)


Block Explorer:
  • Galt-Explorer (http://www.galt-explorer.com)


Title: Re: [ANN]GaltCoin - Full Release
Post by: tabnk on January 31, 2014, 02:18:13 AM
WTS 1000 GLT.

PM ME !!!


Title: Re: [ANN]GaltCoin - Full Release
Post by: MisO69 on January 31, 2014, 02:21:47 AM
"blocks" : 13158,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.50968665,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"pooledtx" : 0,
"testnet" : false

PREMINED!


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on January 31, 2014, 02:33:43 AM
"blocks" : 13158,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.50968665,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"pooledtx" : 0,
"testnet" : false

PREMINED!

We mined 1000 blocks, and over the last week and half we've had an open beta allowing anyone to mine. Those blocks that have been mined have been mined by the public.


Title: Re: [ANN]GaltCoin - Full Release
Post by: cryptohunter on January 31, 2014, 02:40:23 AM
"blocks" : 13158,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.50968665,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"pooledtx" : 0,
"testnet" : false

PREMINED!

We mined 1000 blocks, and over the last week and half we've had an open beta allowing anyone to mine. Those blocks that have been mined have been mined by the public.

Open beta?? wtf, not worth an ANN then just carry on with your last thread. Who would start mining this at this stage??? what a joker


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on January 31, 2014, 02:43:45 AM
"blocks" : 13158,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.50968665,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"pooledtx" : 0,
"testnet" : false

PREMINED!

We mined 1000 blocks, and over the last week and half we've had an open beta allowing anyone to mine. Those blocks that have been mined have been mined by the public.

Open beta?? wtf, not worth an ANN then just carry on with your last thread. Who would start mining this at this stage??? what a joker

Because we're done with the last testing that we needed to do with the open beta. Honestly difficulty is still very low and we're not looking to build a pump and dump coin, but something a niche community will hopefully be interested in, not just people using arbitrage to make bitcoin.


Title: Re: [ANN]GaltCoin - Full Release
Post by: peterlustig on January 31, 2014, 02:50:28 AM
https://bitcointalk.org/index.php?topic=426653.0


Title: Re: [ANN]GaltCoin - Full Release
Post by: Acidyo on January 31, 2014, 02:53:59 AM
This coin actually seems nice and well thoughtout. I can see you've put some time into it. Good luck.

Won't be able to mine this until my rig arrives so would appreciate some coins:

1NsvziA5bjWzWTVS4j7Df84nEnmLzceDif

Thanks!


Title: Re: [ANN]GaltCoin - Full Release
Post by: portice on January 31, 2014, 02:55:18 AM
Only 1k block premine, no worries here


Title: Re: [ANN]GaltCoin - Full Release
Post by: FreePls on January 31, 2014, 02:57:32 AM
yea and once it hits a exchange the "open beta testers" dump away the 10000 blocks.. no thankss  :)


Title: Re: [ANN]GaltCoin - Full Release
Post by: scarface on January 31, 2014, 02:58:07 AM
why do devs continue to premine even though they know it will ruin the coin?

are people that greedy?


Title: Re: [ANN]GaltCoin - Full Release
Post by: Acidyo on January 31, 2014, 02:59:43 AM
why do devs continue to premine even though they know it will ruin the coin?

are people that greedy?

They announced the open beta 2 weeks ago, everyone could've mined. Your own fault you didn't see the thread.

10k blocks isn't even that bad if the dev would've mined it himself, as long as he does something good with it.


Title: Re: [ANN]GaltCoin - Full Release
Post by: Acidyo on January 31, 2014, 03:00:25 AM
Can't seem to connect to any nodes with the wallet, got any you could post here?


Title: Re: [ANN]GaltCoin - Full Release
Post by: FreePls on January 31, 2014, 03:01:14 AM
Can't seem to connect to any nodes with the wallet, got any you could post here?

listen=1
#daemon=1 #commented out because we recommend having it working as a non-daemon before you let it go unattended
server=1
discover=1 #unnecessary really unless you have tor, but no blood no foul
paytxfee=.00005
rpcuser=username  Create a Unique Name
rpcpassword=password And a Unique Password
rpcport=13337 #changed after many users had problems with the original default port.
rpcallowip=localhost #this is also redundant, but if you wnat to put in the CIDR of your local network, we'll make it easier for you
#proxy=127.0.0.1:9050 #used for tor, uncomment if you have tor running
addnode=67.55.182.1
addnode=97.115.186.169
addnode=173.17.128.213
addnode=69.138.205.52
addnode=201.184.70.220
addnode=192.241.172.121 #the seednode
addnode=mine.bardiharborow.tk
#addnode=ku5we7fr6mwkgog6.onion #tor hidden service of one of the devs nodes, uncomment if you have tor
#addnode=dhip3nykvwjr7jfg.onion #tor hidden service of the seednode


Title: Re: [ANN]GaltCoin - Full Release
Post by: Acidyo on January 31, 2014, 03:02:26 AM
Can't seem to connect to any nodes with the wallet, got any you could post here?

listen=1
#daemon=1 #commented out because we recommend having it working as a non-daemon before you let it go unattended
server=1
discover=1 #unnecessary really unless you have tor, but no blood no foul
paytxfee=.00005
rpcuser=username  Create a Unique Name
rpcpassword=password And a Unique Password
rpcport=13337 #changed after many users had problems with the original default port.
rpcallowip=localhost #this is also redundant, but if you wnat to put in the CIDR of your local network, we'll make it easier for you
#proxy=127.0.0.1:9050 #used for tor, uncomment if you have tor running
addnode=67.55.182.1
addnode=97.115.186.169
addnode=173.17.128.213
addnode=69.138.205.52
addnode=201.184.70.220
addnode=192.241.172.121 #the seednode
addnode=mine.bardiharborow.tk
#addnode=ku5we7fr6mwkgog6.onion #tor hidden service of one of the devs nodes, uncomment if you have tor
#addnode=dhip3nykvwjr7jfg.onion #tor hidden service of the seednode

Thank you.


Title: Re: [ANN]GaltCoin - Full Release
Post by: g4lt on January 31, 2014, 03:22:33 AM
"blocks" : 13158,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.50968665,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"pooledtx" : 0,
"testnet"

Just like in life, you were a day late ann: false

PREMINED!

Just like in life, your post was a day late and a dollar short, a mere minute after someone that wasn't part of the dev team posted a WTS.  You could have mined during the open beta, but didn't, not our problem you couldn't get off your ass.


Title: Re: [ANN]GaltCoin - Full Release
Post by: FreePls on January 31, 2014, 03:24:05 AM
well i give it a try and rented some rigs for it  ;)


13k blocks.. tzz i have that in NO time back!  :D


Title: Re: [ANN]GaltCoin - Full Release
Post by: FoodForThePoor on January 31, 2014, 03:28:09 AM
Just who is John Galt anyway?


Title: Re: [ANN]GaltCoin - Full Release
Post by: FreePls on January 31, 2014, 03:31:21 AM
Just who is John Galt anyway?

who cares, its a coin! you can mine it  :)


Title: Re: [ANN]GaltCoin - Full Release
Post by: g4lt on January 31, 2014, 03:47:07 AM
yea and once it hits a exchange the "open beta testers" dump away the 10000 blocks.. no thankss  :)

So?  You're a fool if you do any amount of trading a new coin the first week it's on the exchanges, coins are either hugely overvalued or hugely undervalued.  Wait until the coin stabilizes before you trade is my advice.  My actual advice here is: why sell at all?  Trading galtcoin for bitcoin or fiat isn't really what we intend for the coin at all.  We'd rather see actual tangible goods being traded for it than other currencies


Title: Re: [ANN]GaltCoin - Full Release
Post by: g4lt on January 31, 2014, 03:54:37 AM
why do devs continue to premine even though they know it will ruin the coin?

are people that greedy?

The DevTeam didn't.  All those blocks are the beta testers.  the Devteam mined 1000 blocks, or enough to A) ensure the anchor block wasn't going to lose a hardfork battle out of the gate and B)ensure that there were enough blocks to support our few test transactions.  We then went into open beta, and our hardware was quickly overwhelmed by the beta testers and the pools.  You had just as much chance to enter the open beta as they did.  Shoulda been watching better, kiddo.


Title: Re: [ANN]GaltCoin - Full Release
Post by: g4lt on January 31, 2014, 03:56:30 AM
Just who is John Galt anyway?

To quote Dagny Taggart (hopefully with a lot better luck): "WE ARE!!!!!!"


Title: Re: [ANN]GaltCoin - Full Release
Post by: MMos on January 31, 2014, 04:18:43 AM
Escape Ordinary Currency

GaltCoin
Website (http://www.galtco.in) - Twitter (https://www.twitter.com/galtcoin)

This is a pre-announcement of the estimated January 31st, 2014 release of GaltCoin.

Our plan is to allow those who support the development, either financially or otherwise, early access to the first 1000 blocks. After that we will shut down all mining until our estimated launch January 31st, 2014.

Anyone interested in joining our team, can PM myself here, or through the email on the website.

Features:
  • Scrypt Algorithm (ASIC Resistant)
  • 42 Million coin maximum
  • 50 coins per block until halving at every 420,000 blocks
  • Stable nodes
  • Only 1000 Blocks pre-mined for network testing, bounties and early access rewards

We are offering early access for a small fee to help cover network, and development costs. Early Access members will get the following. We are also offering early access to users who agree to commit to the development, marketing or community support of GaltCoin.

  • 100 GaltCoins transferred to their wallet.(Only for paying members)
  • Priority support setting up your wallet, or miner
  • Access to the wallet and mining information
  • Future Early Access to all new tools developed

hmmmmmmmmmmmmmmmmmmmmmm
you guys were so impressed with the support you decided to let "them" continue mining?


Title: Re: [ANN]GaltCoin - Full Release
Post by: an0n42 on January 31, 2014, 04:31:14 AM
Can't believe it's taken this long for a Galt coin to be released, tbh. Fantastic!! Renaming my mining rig to Francisco. ;)


Title: Re: [ANN]GaltCoin - Full Release
Post by: swampbuzz on January 31, 2014, 04:32:36 AM
Nice coin.. Congratulation on a successful launch!  ;D


Title: Re: [ANN]GaltCoin - Full Release
Post by: MMos on January 31, 2014, 04:35:37 AM
Escape Ordinary Currency

GaltCoin
Website (http://www.galtco.in) - Twitter (https://www.twitter.com/galtcoin)

This is a pre-announcement of the estimated January 31st, 2014 release of GaltCoin.

Our plan is to allow those who support the development, either financially or otherwise, early access to the first 1000 blocks. After that we will shut down all mining until our estimated launch January 31st, 2014.

Anyone interested in joining our team, can PM myself here, or through the email on the website.

Features:
  • Scrypt Algorithm (ASIC Resistant)
  • 42 Million coin maximum
  • 50 coins per block until halving at every 420,000 blocks
  • Stable nodes
  • Only 1000 Blocks pre-mined for network testing, bounties and early access rewards

We are offering early access for a small fee to help cover network, and development costs. Early Access members will get the following. We are also offering early access to users who agree to commit to the development, marketing or community support of GaltCoin.

  • 100 GaltCoins transferred to their wallet.(Only for paying members)
  • Priority support setting up your wallet, or miner
  • Access to the wallet and mining information
  • Future Early Access to all new tools developed

hmmmmmmmmmmmmmmmmmmmmmm
you guys were so impressed with the support you decided to let "them" continue mining?

Now the dev making alts/new accounts too....desperate attempt to hide the truth? *looks at posts above this*


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on January 31, 2014, 04:45:13 AM
Escape Ordinary Currency

GaltCoin
Website (http://www.galtco.in) - Twitter (https://www.twitter.com/galtcoin)

This is a pre-announcement of the estimated January 31st, 2014 release of GaltCoin.

Our plan is to allow those who support the development, either financially or otherwise, early access to the first 1000 blocks. After that we will shut down all mining until our estimated launch January 31st, 2014.

Anyone interested in joining our team, can PM myself here, or through the email on the website.

Features:
  • Scrypt Algorithm (ASIC Resistant)
  • 42 Million coin maximum
  • 50 coins per block until halving at every 420,000 blocks
  • Stable nodes
  • Only 1000 Blocks pre-mined for network testing, bounties and early access rewards

We are offering early access for a small fee to help cover network, and development costs. Early Access members will get the following. We are also offering early access to users who agree to commit to the development, marketing or community support of GaltCoin.

  • 100 GaltCoins transferred to their wallet.(Only for paying members)
  • Priority support setting up your wallet, or miner
  • Access to the wallet and mining information
  • Future Early Access to all new tools developed

hmmmmmmmmmmmmmmmmmmmmmm
you guys were so impressed with the support you decided to let "them" continue mining?

Now the dev making alts/new accounts too....desperate attempt to hide the truth? *looks at posts above this*

No I am the founder of the coin, and g4lt is our lead developer.


Title: Re: [ANN]GaltCoin - Full Release
Post by: MMos on January 31, 2014, 05:12:53 AM
Escape Ordinary Currency

GaltCoin
Website (http://www.galtco.in) - Twitter (https://www.twitter.com/galtcoin)

This is a pre-announcement of the estimated January 31st, 2014 release of GaltCoin.

Our plan is to allow those who support the development, either financially or otherwise, early access to the first 1000 blocks. After that we will shut down all mining until our estimated launch January 31st, 2014.

Anyone interested in joining our team, can PM myself here, or through the email on the website.

Features:
  • Scrypt Algorithm (ASIC Resistant)
  • 42 Million coin maximum
  • 50 coins per block until halving at every 420,000 blocks
  • Stable nodes
  • Only 1000 Blocks pre-mined for network testing, bounties and early access rewards

We are offering early access for a small fee to help cover network, and development costs. Early Access members will get the following. We are also offering early access to users who agree to commit to the development, marketing or community support of GaltCoin.

  • 100 GaltCoins transferred to their wallet.(Only for paying members)
  • Priority support setting up your wallet, or miner
  • Access to the wallet and mining information
  • Future Early Access to all new tools developed

hmmmmmmmmmmmmmmmmmmmmmm
you guys were so impressed with the support you decided to let "them" continue mining?

Now the dev making alts/new accounts too....desperate attempt to hide the truth? *looks at posts above this*

No I am the founder of the coin, and g4lt is our lead developer.

care to elaborate on why the PREANN thread said mining will be limited to 1000 block for early adopters and resuming at launch? Which was today.


Title: Re: [ANN]GaltCoin - Full Release
Post by: deeppurple72 on January 31, 2014, 05:53:36 AM

This is really a good coin!

I have compiled over 30 different alt-coin wallets from source code
and noticed alot of other coins embed HUGE premining in the source code...
1 coin's code was for 2,200,000 coins for block 1

for eample, the COINo coin --- here's the subsidy code starts at line 830 in main.cpp :

int64 static GetBlockValue(int nHeight, int64 nFees)
{
   int64 nSubsidy = 0;
   
   if (nHeight < 2794284)
      nSubsidy = 35 * COIN;
      
   if (nHeight < 140)
      nSubsidy = 1 * COIN;
   
   if (nHeight == 1)
      nSubsidy = 2200000 * COIN;        <-------------- 2.2 Million coins premined 1st block!!!!!!

    return nSubsidy + nFees;
}



I have also notice many other coins "slip" code like that in ....  sneaky devils


The galtcoin DOES NOT! Although a little premining is necessary for give-aways and promotions,
alot of coin developers probably keep most of the premined.

SO, THIS IS A GREAT COIN AND NO "BS" like the COINO coin i cited above!
Inspect the source code before criticizing a coin!


I support this coin - I think it is legit and also a very good idea. :)

There are 4 mining pools and the DIFFICULTY level of GLT has been increasing,
which indicates people are indeed mining it.

Although the dev. team said they didn't care about exchanges,
I think people should request that CRYPTSY ADD GLT - GaltCoin  ;D

If someone starts an ADD GALTCOIN on the CRYPTSY FORUMS to REQUEST NEW COINS,
I will definitely vote for GLT  :)   I'd like to see this coin on the exchange.
 


Title: Re: [ANN]GaltCoin - Full Release
Post by: iGotSpots on January 31, 2014, 05:57:24 AM
If only there was a testnet to test on instead of using that as an excuse to premine


Title: Re: [ANN]GaltCoin - Full Release
Post by: deeppurple72 on January 31, 2014, 06:02:49 AM
idk about the developers...

I started mining GLT last week when I saw it show up here as a new coin
I solo mined some, then I found a p2pool on that site and mined alot on that pool

http://com-http.us/scrypt/


so, do you consider us independent miners who solo & pool mined
part of the pre-mining?  I have nothing to do with the project.
I just like to mine new coins when possible, trying to get on
new coins before those big miners do.


Title: Re: [ANN]GaltCoin - Full Release
Post by: g4lt on January 31, 2014, 06:09:19 AM
If only there was a testnet to test on instead of using that as an excuse to premine

I don't think even lites used testnet.  It's a solution, but not one we had any particular desire to use when nobody else does.


Title: Re: [ANN]GaltCoin - Full Release
Post by: deeppurple72 on January 31, 2014, 06:14:47 AM
50 coins  1000 blocks = 50,000 coins

he said it was for developing, rewards for testers and contributers, & giveways/promotions.

which is necessary for ANY coin to get promoted - you know that


50,000 isnt really much of a premine at all to do all of that....

Look at the # of premined coins of other alt-coins - maybe you should gripe to them
especially that COINo coin with over 2.2 Million premined - block reward for miners only 35 coins


why are you complaining about 50,000 coins ??? Its a drop in a bucket, lol!

As for testnet, does anyone actually use that? I have never used testnet on any coins,


Instead of wasting your time crying and complaining, you should be mining some instead! ;D


Title: Re: [ANN]GaltCoin - Full Release
Post by: MMos on January 31, 2014, 06:17:38 AM

This is really a good coin!

I have compiled over 30 different alt-coin wallets from source code
and noticed alot of other coins embed HUGE premining in the source code...
1 coin's code was for 2,200,000 coins for block 1

for eample, the COINo coin --- here's the subsidy code starts at line 830 in main.cpp :

int64 static GetBlockValue(int nHeight, int64 nFees)
{
   int64 nSubsidy = 0;
   
   if (nHeight < 2794284)
      nSubsidy = 35 * COIN;
      
   if (nHeight < 140)
      nSubsidy = 1 * COIN;
   
   if (nHeight == 1)
      nSubsidy = 2200000 * COIN;        <-------------- 2.2 Million coins premined 1st block!!!!!!

    return nSubsidy + nFees;
}



I have also notice many other coins "slip" code like that in ....  sneaky devils


The galtcoin DOES NOT! Although a little premining is necessary for give-aways and promotions,
alot of coin developers probably keep most of the premined.

SO, THIS IS A GREAT COIN AND NO "BS" like the COINO coin i cited above!
Inspect the source code before criticizing a coin!


I support this coin - I think it is legit and also a very good idea. :)

There are 4 mining pools and the DIFFICULTY level of GLT has been increasing,
which indicates people are indeed mining it.

Although the dev. team said they didn't care about exchanges,
I think people should request that CRYPTSY ADD GLT - GaltCoin  ;D

If someone starts an ADD GALTCOIN on the CRYPTSY FORUMS to REQUEST NEW COINS,
I will definitely vote for GLT  :)   I'd like to see this coin on the exchange.
 


But how does that explain the preann thread announcing early adopters only being able to mine 1000 blocks?? The dev just decided to ignore what i pointed out


Title: Re: [ANN]GaltCoin - Full Release
Post by: deeppurple72 on January 31, 2014, 06:23:56 AM
dude, all coins get premined to some extent.

also, sometimes plans change in the process of development.
they probably did not expect many people to mine their coin
but when pools & miners hopped on it, they said F__K it, lets
just let them go with it...

Honestly, i don't understand what all the fuss is about.
They didn't premine very many coins. I started solo mining when the
source code was like 2 days old. You had the same oppurtunity as I did to get on
this coin early. Why make such a big deal out of a small amount of coins?

Post your address and I'll send you a few coins dude, if it will make you feel any better.
maybe if you ask the dev. nicely, he might comp. you some too.


Title: Re: [ANN]GaltCoin - Full Release
Post by: jayguar on January 31, 2014, 06:41:26 AM


Now the dev making alts/new accounts too....desperate attempt to hide the truth? *looks at posts above this*

Not necessarily devs. There are people who offer such services to increase post count for a thread and provide fake positive feedbacks. I had received a PM with one such offer here in bitcointalk.


Title: Re: [ANN]GaltCoin - Full Release
Post by: deeppurple72 on January 31, 2014, 07:04:20 AM
thats just sad.

I am a real person, a small miner, and not paid to fake posts.

Since I have solo mined & pooled mined around 10,000 glt
it is in my interest that the coin is worth something on the exchange.
That is my only interest. I am not paid or bribed by anyone, if that
is what you are insinuating

BTW, i have been a member here long before this coin even came about.

fake alt names?  wtf?   I am a member, not a noob.


I check this site everyday for NEW ADDED COINS:

http://com-http.us

That is where I found galtcoin, and it was very easy to solo mine at first
before others also decided to jump on it too

I also solo mined alot of marscoins   ... you'd crap your drawers if I told you how many MRS i have :)


Title: Re: [ANN]GaltCoin - Full Release
Post by: jayguar on January 31, 2014, 07:41:58 AM
thats just sad.

I am a real person, a small miner, and not paid to fake posts.

Since I have solo mined & pooled mined around 10,000 glt
it is in my interest that the coin is worth something on the exchange.
That is my only interest. I am not paid or bribed by anyone, if that
is what you are insinuating

BTW, i have been a member here long before this coin even came about.

fake alt names?  wtf?   I am a member, not a noob.


I check this site everyday for NEW ADDED COINS:

http://com-http.us

That is where I found galtcoin, and it was very easy to solo mine at first
before others also decided to jump on it too

I also solo mined alot of marscoins   ... you'd crap your drawers if I told you how many MRS i have :)

I just said it in general not specific to this thread. Here is the PM message that I received. It looks more like a template message since I am not a dev and I was just offering a service and had created a thread for that and within a few hours, I received this PM.

Quote
Hey coin dev.
I offer promotion for new coins/services/threads Smiley Smiley

I can get lots of users to comment on your main post or a number of posts. both:
 -General "reserved, +1, interested, yourcoin rocks".
 -Custom hand written or picked comments that you want.
I also offer Comments&likes for the cryptsy helpdesk post but thats further down the road.


Were talking about 20/50/100/200/300/400/500 unique users commenting on your post any number of times to promote it. You can write down the comments you want but it costs a little extra.

*I charge a small bounty in btc for my work, But dont worry I ask to get paid after the work is done and you are pleased with it Smiley

PM me if you're interested Smiley


Title: Re: [ANN]GaltCoin - Full Release
Post by: iGotSpots on January 31, 2014, 07:50:40 AM
If only there was a testnet to test on instead of using that as an excuse to premine

I don't think even lites used testnet.  It's a solution, but not one we had any particular desire to use when nobody else does.

Best dumbass reply ever. Coin's dead already. Move along


Title: Re: [ANN]GaltCoin - Full Release
Post by: g4lt on January 31, 2014, 08:27:02 AM
If only there was a testnet to test on instead of using that as an excuse to premine

I don't think even lites used testnet.  It's a solution, but not one we had any particular desire to use when nobody else does.

Best dumbass reply ever. Coin's dead already. Move along

No, I think you got me beat  ::)


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on January 31, 2014, 08:50:15 AM
Escape Ordinary Currency

GaltCoin
Website (http://www.galtco.in) - Twitter (https://www.twitter.com/galtcoin)

This is a pre-announcement of the estimated January 31st, 2014 release of GaltCoin.

Our plan is to allow those who support the development, either financially or otherwise, early access to the first 1000 blocks. After that we will shut down all mining until our estimated launch January 31st, 2014.

Anyone interested in joining our team, can PM myself here, or through the email on the website.

Features:
  • Scrypt Algorithm (ASIC Resistant)
  • 42 Million coin maximum
  • 50 coins per block until halving at every 420,000 blocks
  • Stable nodes
  • Only 1000 Blocks pre-mined for network testing, bounties and early access rewards

We are offering early access for a small fee to help cover network, and development costs. Early Access members will get the following. We are also offering early access to users who agree to commit to the development, marketing or community support of GaltCoin.

  • 100 GaltCoins transferred to their wallet.(Only for paying members)
  • Priority support setting up your wallet, or miner
  • Access to the wallet and mining information
  • Future Early Access to all new tools developed

hmmmmmmmmmmmmmmmmmmmmmm
you guys were so impressed with the support you decided to let "them" continue mining?

Now the dev making alts/new accounts too....desperate attempt to hide the truth? *looks at posts above this*

No I am the founder of the coin, and g4lt is our lead developer.

care to elaborate on why the PREANN thread said mining will be limited to 1000 block for early adopters and resuming at launch? Which was today.

The early adopter program didn't actually open mining to anyone. We were offering to get people's mining rigs setup to work correctly for the time we launched. For a price, that price was to recoup my costs and to give us a a little money to spend on advertising and marketing.

In reality we had one local friend who paid me the $50 early access for me to come over setup his wallet and write his batch file so he could mine when we were ready. Had anyone been mining besides our testing network we would have shut down our nodes. We also posted an open beta last week that opened mining to the general public. If you missed it or ignored it that's not our problem.


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on January 31, 2014, 08:53:28 AM

This is really a good coin!

I have compiled over 30 different alt-coin wallets from source code
and noticed alot of other coins embed HUGE premining in the source code...
1 coin's code was for 2,200,000 coins for block 1

for eample, the COINo coin --- here's the subsidy code starts at line 830 in main.cpp :

int64 static GetBlockValue(int nHeight, int64 nFees)
{
   int64 nSubsidy = 0;
   
   if (nHeight < 2794284)
      nSubsidy = 35 * COIN;
      
   if (nHeight < 140)
      nSubsidy = 1 * COIN;
   
   if (nHeight == 1)
      nSubsidy = 2200000 * COIN;        <-------------- 2.2 Million coins premined 1st block!!!!!!

    return nSubsidy + nFees;
}



I have also notice many other coins "slip" code like that in ....  sneaky devils


The galtcoin DOES NOT! Although a little premining is necessary for give-aways and promotions,
alot of coin developers probably keep most of the premined.

SO, THIS IS A GREAT COIN AND NO "BS" like the COINO coin i cited above!
Inspect the source code before criticizing a coin!


I support this coin - I think it is legit and also a very good idea. :)

There are 4 mining pools and the DIFFICULTY level of GLT has been increasing,
which indicates people are indeed mining it.

Although the dev. team said they didn't care about exchanges,
I think people should request that CRYPTSY ADD GLT - GaltCoin  ;D

If someone starts an ADD GALTCOIN on the CRYPTSY FORUMS to REQUEST NEW COINS,
I will definitely vote for GLT  :)   I'd like to see this coin on the exchange.
 


But how does that explain the preann thread announcing early adopters only being able to mine 1000 blocks?? The dev just decided to ignore what i pointed out

We actually never allowed anyone access to the first 1000 blocks, we offered them mining and wallet information. Had anyone mined outside our small test network the nodes would have been shutdown.


Title: Re: [ANN]GaltCoin - Full Release
Post by: sender47 on January 31, 2014, 03:55:58 PM
I see pretty low promotion :/ , I think that post about it in objectivist sites will be in some way useful... like in Galt's Gulch or so


Title: Re: [ANN]GaltCoin - Full Release
Post by: an0n42 on January 31, 2014, 04:27:58 PM
I see pretty low promotion :/ , I think that post about it in objectivist sites will be in some way useful... like in Galt's Gulch or so

Agree.  Kind of disappointed by lack of interest in this.

Niche sites devoted to Rand are fairly popular online.  A few (very) carefully crafted forum posts could possibly work well.  I'd imagine that crypto currency would be interesting to the Rand crowd.

I was also thinking faucets or games, but then on the other hand, giving away Galtcoin wouldn't necessarily fall in line with the philosophies that perhaps the coin is trying to embody.

Some bounties might make a lot of sense at this point.

Still, I will mine for now.  If only because I always thought that Dagney Taggart was super hot.  Just kidding... sort of.  ???


Title: Re: [ANN]GaltCoin - Full Release
Post by: jenveno on January 31, 2014, 05:53:49 PM
Mining away on the Galtcoin. Dagney would be proud.


Title: Re: [ANN]GaltCoin - Full Release
Post by: g4lt on January 31, 2014, 08:09:32 PM
I see pretty low promotion :/ , I think that post about it in objectivist sites will be in some way useful... like in Galt's Gulch or so

We've posted in Galt's Gulch Online already


Title: Re: [ANN]GaltCoin - Full Release
Post by: kupiciel on January 31, 2014, 08:29:24 PM
any pool works?
i've 8mhs and 10 minut no block.


Title: Re: [ANN]GaltCoin - Full Release
Post by: RenegadeMind on January 31, 2014, 09:00:24 PM
any pool works?
i've 8mhs and 10 minut no block.

This pool is working:

https://www.cryptopoolmining.com/glt/index.php



Title: Re: [ANN]GaltCoin - Full Release
Post by: FoodForThePoor on February 01, 2014, 05:55:57 AM
Just who is John Galt anyway?

who cares, its a coin! you can mine it  :)

Apparently you didn't get the reference.  http://en.wikipedia.org/wiki/John_Galt

The question posed through the 1957 novel series over and over again is, "Who is John Galt?"

Galt is acknowledged to be a philosopher and inventor; he believes in the power and glory of the human mind, and the right of the individual to use his/her mind solely for him/herself.

I found it quite interesting that a revolutionary coin was "coined" after a revolutionary thinker.



Title: Re: [ANN]GaltCoin - Full Release
Post by: RenegadeMind on February 01, 2014, 06:53:35 AM
Where is John Galt? Doesn't seem to be going anywhere ATM.


Title: Re: [ANN]GaltCoin - Full Release
Post by: FoodForThePoor on February 01, 2014, 07:02:09 AM
Where is John Galt? Doesn't seem to be going anywhere ATM.

Dagny Taggart would be proud of you!  I just hope the "John Galt Express" will take me "to the moon" so I can visit my shibes in space.


Title: Re: [ANN]GaltCoin - Full Release
Post by: MMos on February 01, 2014, 07:03:53 AM
Escape Ordinary Currency

GaltCoin
Website (http://www.galtco.in) - Twitter (https://www.twitter.com/galtcoin)

This is a pre-announcement of the estimated January 31st, 2014 release of GaltCoin.

Our plan is to allow those who support the development, either financially or otherwise, early access to the first 1000 blocks. After that we will shut down all mining until our estimated launch January 31st, 2014.

Anyone interested in joining our team, can PM myself here, or through the email on the website.

Features:
  • Scrypt Algorithm (ASIC Resistant)
  • 42 Million coin maximum
  • 50 coins per block until halving at every 420,000 blocks
  • Stable nodes
  • Only 1000 Blocks pre-mined for network testing, bounties and early access rewards

We are offering early access for a small fee to help cover network, and development costs. Early Access members will get the following. We are also offering early access to users who agree to commit to the development, marketing or community support of GaltCoin.

  • 100 GaltCoins transferred to their wallet.(Only for paying members)
  • Priority support setting up your wallet, or miner
  • Access to the wallet and mining information
  • Future Early Access to all new tools developed

hmmmmmmmmmmmmmmmmmmmmmm
you guys were so impressed with the support you decided to let "them" continue mining?

Now the dev making alts/new accounts too....desperate attempt to hide the truth? *looks at posts above this*

No I am the founder of the coin, and g4lt is our lead developer.

care to elaborate on why the PREANN thread said mining will be limited to 1000 block for early adopters and resuming at launch? Which was today.

The early adopter program didn't actually open mining to anyone. We were offering to get people's mining rigs setup to work correctly for the time we launched. For a price, that price was to recoup my costs and to give us a a little money to spend on advertising and marketing.

In reality we had one local friend who paid me the $50 early access for me to come over setup his wallet and write his batch file so he could mine when we were ready. Had anyone been mining besides our testing network we would have shut down our nodes. We also posted an open beta last week that opened mining to the general public. If you missed it or ignored it that's not our problem.
I quoted your original post and this what you got to say to explain? Please enlighten us as to where you mentioned this? And it clearly said mining start on January 31 after the 1000 blocks. I will take a leave now and you can carry your own convo with all "your supporters" :D
Lets do the math here: fail dev + coingen = another alt coin abortion


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on February 01, 2014, 11:28:38 AM
Escape Ordinary Currency

GaltCoin
Website (http://www.galtco.in) - Twitter (https://www.twitter.com/galtcoin)

This is a pre-announcement of the estimated January 31st, 2014 release of GaltCoin.

Our plan is to allow those who support the development, either financially or otherwise, early access to the first 1000 blocks. After that we will shut down all mining until our estimated launch January 31st, 2014.

Anyone interested in joining our team, can PM myself here, or through the email on the website.

Features:
  • Scrypt Algorithm (ASIC Resistant)
  • 42 Million coin maximum
  • 50 coins per block until halving at every 420,000 blocks
  • Stable nodes
  • Only 1000 Blocks pre-mined for network testing, bounties and early access rewards

We are offering early access for a small fee to help cover network, and development costs. Early Access members will get the following. We are also offering early access to users who agree to commit to the development, marketing or community support of GaltCoin.

  • 100 GaltCoins transferred to their wallet.(Only for paying members)
  • Priority support setting up your wallet, or miner
  • Access to the wallet and mining information
  • Future Early Access to all new tools developed

hmmmmmmmmmmmmmmmmmmmmmm
you guys were so impressed with the support you decided to let "them" continue mining?

Now the dev making alts/new accounts too....desperate attempt to hide the truth? *looks at posts above this*

No I am the founder of the coin, and g4lt is our lead developer.

care to elaborate on why the PREANN thread said mining will be limited to 1000 block for early adopters and resuming at launch? Which was today.

The early adopter program didn't actually open mining to anyone. We were offering to get people's mining rigs setup to work correctly for the time we launched. For a price, that price was to recoup my costs and to give us a a little money to spend on advertising and marketing.

In reality we had one local friend who paid me the $50 early access for me to come over setup his wallet and write his batch file so he could mine when we were ready. Had anyone been mining besides our testing network we would have shut down our nodes. We also posted an open beta last week that opened mining to the general public. If you missed it or ignored it that's not our problem.
I quoted your original post and this what you got to say to explain? Please enlighten us as to where you mentioned this? And it clearly said mining start on January 31 after the 1000 blocks. I will take a leave now and you can carry your own convo with all "your supporters" :D
Lets do the math here: fail dev + coingen = another alt coin abortion

I can talk in large bold font too. We where trying to raise money to recoup costs and to have a little extra money for marketing end of story, they merely were going to get a reward from the first 1000 blocks. It might have been a poorly worded post, but holy crap you need to calm down. And we're doing just fine, I looked before bed last night and our two week old coin has had 4 pools created with 25Mh/s running on the network. That I consider a success considering all you jackwads who want to do nothing but complain. If you don't like how a coin is managed, or created don't participate plain and simple


Title: Re: [ANN]GaltCoin - Full Release
Post by: FamilyDinner on February 01, 2014, 04:19:46 PM
So sorry to interrupt the bromance-drama that's been going on around here.

But, where are the miners? The pools are bare.


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on February 01, 2014, 04:41:33 PM
So sorry to interrupt the bromance-drama that's been going on around here.

But, where are the miners? The pools are bare.

I noticed, there's still one pool that's semi active. I guess since we're not willing to bribe the exchanges to get listed some people are not mining in favor of the pump and dump coins.


Title: Re: [ANN]GaltCoin - Full Release
Post by: The Grinder on February 01, 2014, 06:45:31 PM
I know that Mister Galt doesn't appreciate mooching but I'm still kindly asking for some coins.  ;D

1NcdrntAbfbz84khNY2wfUtdzmGH2snX1U


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on February 01, 2014, 06:53:39 PM
I know that Mister Galt doesn't appreciate mooching but I'm still kindly asking for some coins.  ;D

1NcdrntAbfbz84khNY2wfUtdzmGH2snX1U

Provide something of value and I will gladly pay you for your time.


Title: Re: [ANN]GaltCoin - Full Release
Post by: Kn_os on February 01, 2014, 08:25:25 PM
We miners needn't exchange at the begining, not realy shortly after coin arrived, but nobody will mine coin about we never heared. Attract people.. make give away, some advertisement, nice logo, some colored pictures about coin and so on and miners will come... Else u will mine it along and nobody exept you will need it.


Title: Re: [ANN]GaltCoin - Full Release
Post by: g4lt on February 02, 2014, 04:00:36 AM
We miners needn't exchange at the begining, not realy shortly after coin arrived, but nobody will mine coin about we never heared. Attract people.. make give away, some advertisement, nice logo, some colored pictures about coin and so on and miners will come... Else u will mine it along and nobody exept you will need it.

We were never apprised of the fact that the miners had a representative, nor would we recognize one if they did.  When you realize that you can only represent yourself, we'll talk.


Title: Re: [ANN]GaltCoin - Full Release
Post by: FamilyDinner on February 02, 2014, 04:37:24 AM
We miners needn't exchange at the begining, not realy shortly after coin arrived, but nobody will mine coin about we never heared. Attract people.. make give away, some advertisement, nice logo, some colored pictures about coin and so on and miners will come... Else u will mine it along and nobody exept you will need it.

We were never apprised of the fact that the miners had a representative, nor would we recognize one if they did.  When you realize that you can only represent yourself, we'll talk.

The poor chap was just suggesting that you need more promotions.
And I agree. You really could use some promotions to attract people, maybe the like minded people.
Tell them that GaltCoin exists.

Four pools, that's good. But they worth nothing if no miners are mining on them.

This is an example, not a very good one.
I know you're avoiding giveaway threads, beside I heard that such threads are not permitted anymore.
But perhaps, you can offer some GLT/month for people's signatures based on how much they post?

And I'm not representing anyone but myself, by the way. ;)


Title: Re: [ANN]GaltCoin - Full Release
Post by: FoodForThePoor on February 02, 2014, 05:14:52 AM
I'll toss some khash at this for a while just because I think we're not too far off from Atlas Shrugged.

FYI...Symantec Endpoint quarantined the wallet executable upon download.  Said it's been known for 2 days.  Nothing bad, just a false positive seems like.  Downloaded it from 2 places (a win32 install and a standalone qt) and both got the same message.

So far cgminer's getting accepted shares so looks good.  Could only get http://p2pool.neocities.org/coin_glt.html to work.

Wallet will not sync with the network until you add a Galtcoin.conf file posted previously.

No offense to the dev, but I think you have a great idea, just unprofessionally implemented.  Poor implementation can cause a good coin to get abandoned real quick while a crap coin that's polished may flourish.

GLT:  15TPb55MLZ9ip22gvrUpfBGu31QXxozuSM


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on February 02, 2014, 06:19:38 AM
I'll toss some khash at this for a while just because I think we're not too far off from Atlas Shrugged.

FYI...Symantec Endpoint quarantined the wallet executable upon download.  Said it's been known for 2 days.  Nothing bad, just a false positive seems like.  Downloaded it from 2 places (a win32 install and a standalone qt) and both got the same message.

So far cgminer's getting accepted shares so looks good.  Could only get http://p2pool.neocities.org/coin_glt.html to work.

Wallet will not sync with the network until you add a Galtcoin.conf file posted previously.

No offense to the dev, but I think you have a great idea, just unprofessionally implemented.  Poor implementation can cause a good coin to get abandoned real quick while a crap coin that's polished may flourish.

GLT:  15TPb55MLZ9ip22gvrUpfBGu31QXxozuSM

Our next release of the wallet will enable users to connect without the .conf. We're learning this as we go. And I think the big problem with the false positive is the unsigned files. That we're also working on.

Thank you for your feedback we do appreciated constructive criticism.


Title: Re: [ANN]GaltCoin - Full Release
Post by: FoodForThePoor on February 02, 2014, 11:22:15 AM
No problem.  I just know that most miners are "whiners"  ;) and if anything looks weird they'll trash a coin and try and bury it.



Title: Re: [ANN]GaltCoin - Full Release
Post by: FoodForThePoor on February 02, 2014, 07:39:47 PM
I could really see myself paying galts for groceries, but almost 24 hours of mining, tons of accepted shares on all pools, no wallet deposits and I triple checked the wallet addresses and miner settings as part of due diligence.  Dedicated around 100 KHash to each pool except for CrytoPoolMining (only about 33KHash).

Will give it another couple of hours, if still nothing then it's back to other coins.  I mine as part of a donation strategy to feed the poor so wasting hash means a baby out there is starving to death.

Issues with Galt I've found so far that may be experienced by the average user/miner:

1 - Two wallet downloads available (one comes with an installer, one is just a standalone -qt.ext file)
2 - Both wallets get quarantined on download from false positives
3 - Wallets will not sync without a custom conf file
4 - Wallets continue to use an outdated logo which may lead some to believe they have the wrong wallet
5 - With custom conf wallets only sync to the network half the time (could be user/pc error...but still not user friendly)
6 - Mining shows accepted shares on multiple pools, no deposits
7 - $50 USD required for support
8 - Lack of interest and dev admitted lack of promotion
9 - Source not fully edited (still traces of "bitcoin" wording so it appears the copy/paste wasn't fully edited)

Nice coin name, good principles, but so far doesn't look good.






Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on February 02, 2014, 07:55:11 PM
I could really see myself paying galts for groceries, but almost 24 hours of mining, tons of accepted shares on all pools, no wallet deposits and I triple checked the wallet addresses and miner settings as part of due diligence.  Dedicated around 100 KHash to each pool except for CrytoPoolMining (only about 33KHash).

Will give it another couple of hours, if still nothing then it's back to other coins.  I mine as part of a donation strategy to feed the poor so wasting hash means a baby out there is starving to death.

Issues with Galt I've found so far that may be experienced by the average user/miner:

1 - Two wallet downloads available (one comes with an installer, one is just a standalone -qt.ext file)
2 - Both wallets get quarantined on download from false positives
3 - Wallets will not sync without a custom conf file
4 - Wallets continue to use an outdated logo which may lead some to believe they have the wrong wallet
5 - With custom conf wallets only sync to the network half the time (could be user/pc error...but still not user friendly)
6 - Mining shows accepted shares on multiple pools, no deposits
7 - $50 USD required for support
8 - Lack of interest and dev admitted lack of promotion
9 - Source not fully edited (still traces of "bitcoin" wording so it appears the copy/paste wasn't fully edited)

Nice coin name, good principles, but so far doesn't look good.




7 - We offer full support available at our sourceforge link (https://sourceforge.net/p/galtcoin/tickets). If you want my personal support including skype or team viewer helping set things up I charge for my time.

We're working on the other issues. We have a very small team, with all of us that have full time jobs and families too. We brought on a new PR person that will be starting on Monday to help with the overall promotion. If someone compiles the wallet from the source there is a new splash page and the updated logo.

We're working out why the wallet won't operate without the dedicated .conf file and that should be resolved in the next build.


Title: Re: [ANN]GaltCoin - Full Release
Post by: bardi.harborow on February 03, 2014, 10:16:43 AM
If anyone is looking for a pool, here is mine: http://mine.bardiharborow.tk/ (http://mine.bardiharborow.tk/)


Title: Re: [ANN]GaltCoin - Full Release
Post by: Acidyo on February 03, 2014, 10:18:03 AM
This coin seems really clean.


Title: Re: [ANN]GaltCoin - Full Release
Post by: CartGeezer on February 03, 2014, 11:59:51 AM
Just who is John Galt anyway?

Read Rand's "Atlas Shrugged".  All will be revealed.


Title: Re: [ANN]GaltCoin - Full Release
Post by: GaltCoin on February 04, 2014, 12:17:57 AM
Hey all,

I am the one that Plexant was referring to. I will be heading the marketing and public relations for GaltCoin from this point forward.

We would like to humbly request your forgiveness for the quick and rather heavy handed responses that have been dished out from our team.

On behalf of the entire GaltCoin team, and I do speak for all of us, I would like to apologize. While it is not an excuse for our behavior, I hope that everyone can understand the frustration that ensues when one fails to properly communicate an idea believe to be uniquely powerful.  This frustration is  of course misdirected, engineers are not always the best at dealing with people, and the true fault was our inability to properly relay the conceptual strength that will allow our currency to prevail.

I will be addressing all previously asked questions in full over the next few hours and I hope that I can relieve some of the well founded and fair concerns that resulted from our poor communication.  We have had very similar concerns with other currencies and this actually lead to our development of this coin.

That being said, I would like to address any additional or exceedingly important questions, comments and concerns. Repetition is not an issue, I have the patience of an immortal for this one thing alone.

In fact, I encourage anyone willing to repeat any previous questions so that I may be sure not to miss them.

All that being said, I am perfectly willing to relay my personal contact information to all those interested.  I have nothing to hide and we at GaltCoin believe in a transparency of administration and privacy of individuals. We have nothing to hide and thus nothing to fear.

I have previously lurked on this site long ago but have since moved on to various FB groups related to the cryptocurrencies I have been monitoring. If you wish to contact me through FB or Twitter you may do so through the official @GaltCoin twitter and GaltCoin FB page respectively or through my personal accounts available to anyone on request by PM.  In the interest of allowing all to observe and learn from our interactions I would prefer most communication to take place in the official pages though I understand that some matters or concerns might be personal.

We have also established a GaltCoin subreddit.

I look forward to working with you all,
John Galt
NIF

P.S.
Remember: Whenever you think you are facing a contradiction, check your premises. You will find that one of them is wrong





Title: Re: [ANN]GaltCoin - Full Release
Post by: GaltCoin on February 04, 2014, 02:09:41 AM
Me agian,

Since there were not any takers I want to address the 1,000 coin and 10,000 coin discrepancy first.

Almost every coin today is premined to some extent. There are of course the few that are not. There are certain things that indicate that a premine is malicious in nature:

1. A vast supply of coins is premined
2. These coins are held, hoarded and unused
3. The creators push for the coin to be quickly included in the exchanges
4. There is a limited transparency present in the administration and the precoins are never directly recognized.

With GaltCoin here is what you can expect:

1. 50,000 coins have been premined. ALL of which will be utilized for the purposes of marketing and publicity. These expenditures will be kept on record and the transactions can be monitored using the block explorer.
2. To be clear, none of the coins will be hoarded or held for any extended period of time. All expenditures will be readily available and fully documented.
3. GaltCoin is opposed to its inclusion in exchanges and would rather the exchange of GaltCoin be for services, namely eServices until the community interest and confidence allows for expansion.
4. GaltCoin prides itself in its commitment to transparency, integrity, honesty and community service.


Title: Re: [ANN]GaltCoin - Full Release
Post by: armaan56 on February 12, 2014, 12:51:10 AM
Cmon guys we need to get more recognition, get the coin out there!


Title: Re: [ANN]GaltCoin - Full Release
Post by: Acidyo on February 12, 2014, 12:53:14 AM
I can help market this coin if you create a subreddit and a working tip bot for it.


Title: Re: [ANN]GaltCoin - Full Release
Post by: plaxant on February 12, 2014, 02:43:05 AM
I can help market this coin if you create a subreddit and a working tip bot for it.

GaltCoin subreddit (http://reddit.com/r/galtcoin)

As far as a tip bot I wouldn't have the first clue how.


Title: Re: [ANN]GaltCoin - Full Release
Post by: lovecoin99 on February 22, 2014, 04:08:53 PM
WTS 5K GLT

PM me with your price


Title: Re: [ANN]GaltCoin - Full Release
Post by: voluntaryistonly on March 05, 2014, 02:04:19 PM
Hi,
been mining this coin now for some days, currently at 2600+ "shares" but no coins, minin with; https://cryptopoolmining.com/glt/
contacted the pool support they advised:
"This has to do with the network and how many blocks are found. Currently no blocks are found that is why most probably a lot of payments are shown as unconfirmed.
I would advice for all of us to start contacting the development team of Galtcoin. I even tried to give you some more details from the block explorer but it seems to be down (http://www.galt-explorer.com/)."
any advice would be great ;-)!
thanks,
VO

PS any news on the wallet for osx?


Title: Re: [ANN]GaltCoin - Full Release
Post by: Jungian on March 05, 2014, 02:10:42 PM
How is this not just another memecoin? Give me one advantage this has over the leading coins.


Title: Re: [ANN]GaltCoin - Full Release
Post by: voluntaryistonly on March 05, 2014, 02:28:41 PM
personally for me, this is more to do with my own philosophy, with the economics of it closely paralleling it. here is my take on it:

All people are born free with all natural rights, to fully exercise this freedom & the associated rights, we cannot have any entity (business, monopoly, government etc) dictating how this freedom is exercised. to that end we need a number of tools that will allow us the opportunity to fully realise our own individual potential, each & everyone of us. this coin (like other cryptcoins) is one of those tools.  the main difference with this coin is the ACTUAL (emphasis not shouting ;-) philosophy of the team behind the coin which is found here: http://galtco.in/vision/ but is short is this:
“I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine.”  Sign over Galt’s Gulch

take what you will from this. I hope that i have helped you understand the "reason" for this coin

Regards,
voluntaryistonly
(an objectivist in anarchist clothes)



Title: Re: [ANN]GaltCoin - Full Release
Post by: Jungian on March 05, 2014, 02:32:26 PM
personally for m this is more to do with my own philosophy, with the economics of it closely paralleling it. here goes"

All people are born free with all natural rights, to fully exercise this freedom & the associated rights, we cannot have any entity (business, monopoly, government etc) dictating how this freedom is exercised. to that end we need a number of tools that will allow us the opportunity to fully realise our own individual potential, each & everyone of us. this coin (like other cryptcoins) is one of those tools.  the main difference with this coin is the ACTUAL (emphasis not shouting ;-) philosophy of the team behind the coin which is found here: http://galtco.in/vision/ but is short is this:
“I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine.”  Sign over Galt’s Gulch

take what you will from this. I hope that i have helped you understand the "reason" for this coin

Regards,
voluntaryistonly
(an objectivist in anarchist clothes)



So just another memecoin, now dressed in libertarian clothes. You could just call the us dollar the galt dollar and it wouldn't change anything. What libertarian features does this coin have that the others lack?


Title: Re: [ANN]GaltCoin - Full Release
Post by: voluntaryistonly on March 05, 2014, 02:36:05 PM
So just another memecoin, now dressed in libertarian clothes. You could just call the us dollar the galt dollar and it wouldn't change anything. What libertarian features does this coin have that the others lack?

did you read the "vision" on the link I provided?  hey it is a "free-world' you do not have to like or mine this coin ;-)

regards,

VO


Title: Re: [ANN]GaltCoin - Full Release
Post by: Jungian on March 05, 2014, 02:39:10 PM
So just another memecoin, now dressed in libertarian clothes. You could just call the us dollar the galt dollar and it wouldn't change anything. What libertarian features does this coin have that the others lack?

did you read the "vision" on the link I provided?  hey it is a "free-world' you do not have to like or mine this coin ;-)

regards,

VO

Yes. How does that vision change anything about the coin?


Title: Re: [ANN]GaltCoin - Full Release
Post by: voluntaryistonly on March 05, 2014, 02:48:56 PM


Yes. How does that vision change anything about the coin?
[/quote]

ok, one last time: is is more than just a coin, it is an embodiment of a philosophy. if you still do not get that, too bad. good luck to you ;-)

regards,
vo


Title: Re: [ANN]GaltCoin - Full Release
Post by: Jungian on March 05, 2014, 03:12:07 PM
Quote


Yes. How does that vision change anything about the coin?

ok, one last time: is is more than just a coin, it is an embodiment of a philosophy. if you still do not get that, too bad. good luck to you ;-)

regards,
vo



The Bitcoincommunity is already libertarian, and there are plenty of other coins with devs adhere to libertarian ideals.

So, in conclusion, the coin is a badly worded copy of a very bland meme from Altas Shrugged desiged to lure in dumber than average libertarians in order to make money for early investors without offering anything that no other coins have.


Title: Re: [ANN]GaltCoin - Full Release
Post by: voluntaryistonly on March 05, 2014, 03:19:33 PM
Quote
The Bitcoincommunity is already libertarian, and there are plenty of other coins with devs adhere to libertarian ideals.
So, in conclusion, the coin is a badly worded copy of a very bland meme from Altas Shrugged desiged to lure in dumber than average libertarians in order to make money for early investors without offering anything that no other coins have.

I take it you are not convinced, ok.... i guess we'll not be seeing you round these parts then ;-)

regards,

vo


Title: Re: [ANN]GaltCoin - Full Release
Post by: turdhole on March 29, 2014, 03:55:50 PM
so is this coin dead?


Title: Re: [ANN]GaltCoin - Full Release
Post by: Coindgr on March 29, 2014, 03:57:36 PM
In twitter they say that a new Dev is needed.

Anyone interested ?


Title: Re: [ANN]GaltCoin - Full Release
Post by: tdddnnsn on March 31, 2014, 12:58:35 PM
Cryptopoolmining broke up with Galt.
 
"★★★ Due to small amount of miners we have decided to close the pool. Stratum server will close on Sun Mar 30 19:00:00 UTC 2014 ★★★"

Nice knowin ya Galtcoin.


Title: Re: [ANN]GaltCoin - Full Release
Post by: Painful Truth on March 31, 2014, 01:18:39 PM
so is this coin dead?


looks very quiet...


Title: Re: [ANN]GaltCoin - Full Release
Post by: dalydir on July 10, 2014, 09:04:44 PM
Quote


Yes. How does that vision change anything about the coin?

ok, one last time: is is more than just a coin, it is an embodiment of a philosophy. if you still do not get that, too bad. good luck to you ;-)

regards,
vo



The Bitcoincommunity is already libertarian, and there are plenty of other coins with devs adhere to libertarian ideals.

So, in conclusion, the coin is a badly worded copy of a very bland meme from Altas Shrugged desiged to lure in dumber than average libertarians in order to make money for early investors without offering anything that no other coins have.


Last I checked, it offered an additional level of anonymity with regards to the blockchain and one's address (though I haven't fully verified that).  Additionally, it was asked by the developers that it NOT be traded so that it doesn't become a pump and dump scheme.  So its not available to trade. 

No, the coin is not dead, in fact, it has just seemingly renewed itself as the difficulty has dropped. 

http://galt.nautilusbloomer.com is the only pool available for it that I have seen.

To me, this is more of an investment coin, not avail for trading right now, so no pump/dump.