again microguy stop taking coblee's words out of context to spread FUD. coblee simply doesn't want panic so called 'innovative' changes to litecoin like all those other alts that do it simply to pump n dump.
It's just an opinion and certainly not FUD. After all, I'm not the one that said Litecoin development was no longer needed, Charlie Lee is the one that made that statement.  |
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This is a problem where people are just mining when there is hype surrounding a coin so they can make a quick buck. If people cared about the coins they would stick around, look at dogecoin that thing blew up was all over the news and everything and look at it now it is way smaller than it once was.
The winners I feel will be those that gain traction with the general consumer. I don't think a coin named after cheap beer and low-tar cigarettes is well equipped to attract widespread consumer adoption. Further complicate the matter by adding a developer that thinks the coin has reached maturity and needs no further development, and you have a recipe for stagnation and future decline. |
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The fund raising campaign has ended and now it's time to decide how to allocate the funds (expected to arrive first of April).
I vote that we continue fundraising, convert all collected funds into GLD, and lock the money down until the new client is released. We should be able to have a nice reserve of Goldcoins by the first of April if we all work together.
It would be great if we could get someone to volunteer to manage our mailing list. Anyone experienced with Mail Chimp?
I have no experience with mail chimp but i'm a fast learner. if i could be of any help to the team it would be awesome! Great! Things are really starting to liven up and we're going to need to expand our work force. Later this week, I'll dust off our mailing list and in the mean time you could start getting up to speed with Mail Chimp. |
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The fund raising campaign has ended and now it's time to decide how to allocate the funds (expected to arrive first of April).
I vote that we continue fundraising, convert all collected funds into GLD, and lock the money down until the new client is released. We should be able to have a nice reserve of Goldcoins by the first of April if we all work together.
It would be great if we could get someone to volunteer to manage our mailing list. Anyone experienced with Mail Chimp?
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The knowledge that I have gained has also been very valuable. I now have a MUCH better understanding of the financial system and related matters.
Bitcoin and its blockchain technology will transform the way humans exchange value for eternity ... on this planet and beyond. |
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I don't think anyone is going to deliberately kill LTC, it is just kind of fading away.
That seems to be what is happening. Perhaps a lesson can be gained by understanding this tragic descent into irrelevance. |
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hi guys. can you give coins that you really trust.
above 1 year old and still devs are developing the coin
with so many scam coins around. i want to invest on coins which i can rely.
many coins now are only pump and dump in which you must really follow the market or you wont even save a single dollar off it.
im looking for a coin which i dont need to check the market time after time or even their btc talk page and still be at ease.
thanks!
ps please dont include DRK,LTC,BTC or any coins that are already expensive or with high market cap
We've been slowly building Goldcoin (GLD) for the past two years, and our lead developer is dedicated to making our Gen2 client (to be released this month) faster and more secure than ever. We're also seeing growing interest in South Africa, UK, and Russia. At present market levels, I believe this is an excellent time to become invested in our currency. The next great opportunity will come from an altcoin currently flying below the radar. And in my view, Goldcoin won't be flying low for much longer. |
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The massive growth of the blockchain has already made commercial centralization inevitable. Not exactly what Satoshi had in mind.
I think if he was still around, he would have had found a solution by now.
You are mistaken. It is exactly what Satoshi had in mind: (bold emphasis below added by me)The design outlines a lightweight client that does not need the full block chain. In the design PDF it's called Simplified Payment Verification. The lightweight client can send and receive transactions, it just can't generate blocks. It does not need to trust a node to verify payments, it can still verify them itself.
- snip -
I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it's not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions.
At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN.
- snip -
Simplified Payment Verification is for lightweight client-only users who only do transactions and don't generate and don't participate in the node network. They wouldn't need to download blocks, just the hash chain, which is currently about 2MB and very quick to verify (less than a second to verify the whole chain). If the network becomes very large, like over 100,000 nodes, this is what we'll use to allow common users to do transactions without being full blown nodes. At that stage, most users should start running client-only software and only the specialist server farms keep running full network nodes, kind of like how the usenet network has consolidated.
- snip -
The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
- snip -
I stand corrected. Thank you for taking the time to set me straight.  |
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The massive growth of the blockchain has already made commercial centralization inevitable. Not exactly what Satoshi had in mind.
I think if he was still around, he would have had found a solution by now.
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In fact 4 of them pay over twice at much as Goldcoin, so with this miners 300/Mh/s instead of making $8.35 /day they could be making over $18.00 if they were a SmarterHash member because they'd know which coins are paying the best.
I think our hashrate just tripled causing difficulty to rapidly increase. Maybe this individual started mining before the hashrate increased, or he's speculating that our new client being released this month will cause a price spike, or perhaps he's a loyal Goldcoin adopter mining and holding. |
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Goldcoin has one dev completely controlling the client, maintaining the chain. and you microguy censor anything you don't like within your community and even self mod threads here.
Fair enough. But we're evolving and getting better each day!  (btw ...I haven't censored anything since 2013.) |
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I feel that the fickle consumer will ultimately determine which altcoins succeed.
Based on Litecoin's recent abandonment of development and its goofy name, I think it will eventually go the way of the web crawler.
Litecoin has not abandoned development, stop spreading FUD microguy and get back to your own centralised vapourware goldcoin. I was thinking Charlie Lee had said on Twitter that Litecoin development had stopped. https://twitter.com/litecamel/status/544807537116479488LTC does not need development right now. Adding gimmicks does not help a currency succeed. Liquidity, merchants, and user does. In regards to Goldcoin, we're in the final stages before releasing the long-awaited client. How is GLD centralized? |
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I thought to buy small amount of LTC cause they seem to be cheap now. Do You think LTC price will increase when the next BTC bubble comes like it did the last time?
I feel that the fickle consumer will ultimately determine which altcoins succeed. Based on Litecoin's recent abandonment of development and its goofy name, I think it will eventually go the way of the web crawler. The next big investment opportunity will probably come from a coin currently off the radar. |
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The gen 2 client being released this month will also make GLD the first mineable cryptocurrency written in Java and the first to support multiple currencies. It may be a first, but writing the first Java client for a mineable cryptocurrency is not an innovation, it doesn't introduces any new technology, it just makes use of existing ones in a obvious way (but I can't discard that it introduces an actual innovation that I'm not aware of). My understanding is the new GLD client introduces several new innovations including a rewritten codebase with multi-threaded design. |
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Goldcoin was the first to introduce a 51% attack defense in 2013. I found the marketing paper (It's not a whitepaper, and definitely not an academic paper) that claims to have solved the problem. There is a thread in this forum about it which explains how it fails to solve anything and instead serves to expose the incompetence of those developers. If you read the entire thread, Akumaburn does try his best to explain how and why this time-tested system works. |
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Goldcoin was the first to introduce a 51% attack defense in 2013.
The gen 2 client being released this month will also make GLD the first mineable cryptocurrency written in Java and the first to support multiple currencies.
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Great job on the book! Thanks for all of your hard work! |
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Fasten your seat-belts Bitcointalk, the long awaited java client is about to explode on the scene! |
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