It's also a good idea to keep coins off exchanges to reduce centralization and single points of failure.

Some of the cold storage wallets that I've found are absurdly huge.  

I think we could be at the beginning of a new consolidation phase.

In 2015, I think the number of active altcoins might decrease for the first time in history.

Very nice project and website. Thanks for making such a valuable tool!

If the same seasonality forces that were at play last year return, I think the altcoin rebound in only days away.

There are lots of special things about Goldcoin. Maybe you could come participate in the project and learn more.

If you are truly interested, there is a wealth of information on the forum: https://www.gldtalk.org

Max Keiser seems to be working hard to help promote projects on StartJoin. Today he sent out two tweets to help promote the Goldcoin Conference Project. https://www.startjoin.com/gogold



https://twitter.com/maxkeiser/status/535476818854154241



https://twitter.com/maxkeiser/status/535477457852174336

Local newspaper advertisement for the Goldcoin Conference!

Looks like a total of two tweets today from Max regarding the Goldcoin (GLD) Conference Project on StartJoin!



https://twitter.com/maxkeiser/status/535476818854154241



https://twitter.com/maxkeiser/status/535477457852174336

Thank you for your kind words and insight!  

Yes. You can earn Goldcoin (GLD) by mining it or joining the Goldcoin Forum where newbies receive 50 FREE Goldcoins just for registering.

https://www.gldtalk.org

Looks like a total of two tweets today from Max regarding the Goldcoin (GLD) Conference Project on StartJoin!



https://twitter.com/maxkeiser/status/535476818854154241



https://twitter.com/maxkeiser/status/535477457852174336

It would be great if we could get a few replies and retweets from the community to show our appreciation and support.

Thanks for the heads up on the Max Keiser tweets!

It’s going to happen. Not a single person, not a single thing, has ever managed to stay number-one indefinitely. History has proven this time and time again.

Just look at Muhammad Ali, Bill Cosby, or the once dominant search engine AltaVista. They each opened doors, and experienced the sweetness of conquest, but none of them were able to forever stay on top.

On November 29th, the first cryptocurrency conference ever held on the continent of Africa will focus on introducing Goldcoin (GLD) to the people of SA. In just 10 days, prominent South African businessman and investor, Jason Swart, will be hosting the first annual SA Goldcoin Conference in “The Friendly City” of Port Elizabeth.

Swart explains why he likes Goldcoin’s potential:

"As South Africans, I truly believe Goldcoin is something we as a nation could get behind, as South Africa has always been tied to Gold and in particular another Gold coin, the Krugerrand. So to say Goldcoin makes sense to us, well is an understatement."

Swart hopes to spark a new era in cryptocurrency. An era that will see the emergence of a new competitor to the Bitcoin throne. A currency with a name that tests number one with consumers worldwide. A currency with a developer that plans to show the world just how innovative an “alternative currency” can be when creative focus is combined with raw talent.

Landmark Client

Attendees of the event will get to witness the official premier of the new Goldcoin client. Goldcoin lead developer, Amir Eslampanah, explained over Skype:

"In terms of wallet functionality, modularity, security, and sheer performance, the Goldcoin wallet will be unrivaled. Block download times will also be decreased considerably thanks to on-the-fly compression and multi-threaded download capability."

After finding the standard Bitcoin codebase unsuitable as a cryptocurrency core, Akumaburn (as he is known on the forums), set out to create something bigger, something better, something he could call his very own.

The new client will make Goldcoin the first mineable cryptocurrency built on Java, the first to rewrite the Bitcoin codebase, and the first to support multiple cryptocurrencies. In an industry that awards innovation, this new application could be just what the doctor ordered.

Goldcoin (GLD) is a popular digital currency that allows consumers to make online purchases with little to no fee. Goldcoin is currently trading at just under one cent per coin with a market capitalization of $249,807.00, according to Coinmarketcap.com.

Full Story: http://altcoinpress.com/2014/11/the-currency-most-likely-to-challenge-bitcoin-for-consumer-adoption/

Yes. The event will be recorded! 

More information here: >> https://www.gldtalk.org/index.php?topic=2800.msg13274#msg13274

I have just confirmed with Amir that the "Official Premiere" of the new Goldcoin client will take place at the SA Goldcoin Conference on November 29th! Attendees will be provided with a live demonstration of the new client along with its multitude of new features.

https://www.startjoin.com/gogold

As the price of Bitcoin climbs past its 30-day high, the popular Bitcoin payment processor, BitPay, is experiencing system-wide failures that include duplicate bank deposits and bugged exchange rates.

Earlier this month, some of its merchants received notifications that duplicate deposits were sent out by mistake to customer bank accounts. Client Operations Engineer, Wesley Pitts, reassured users that the erroneous deposits would be corrected.

"The bank has indicated that they have reversed the duplicate payout so you may not see any errant entries in your bank account but we wanted to let you know in case you note any unusual activity on your account. We apologize for any confusion and please let us know if you have any questions."

But perhaps more troubling, on Monday of this week, its exchange rate was broken causing the bitcoin price to be calculated at 10% under the actual market rate. This issue caused bitcoin buyers to pay an additional 10% for all goods and services purchased during the day’s rate glitch.

Client Operations Engineer, Ethan Andrews, explained to AP that the issue was unavoidable.

"One of our exchange rate providers experienced technical issues, resulting in their exchange rate updates not propagating through to our system. Our development team has put a fix in place to omit the incorrect rates; they have also added additional safeguards to ensure improved handling of exchange rate updates going forward. BitPay could not have avoided the issue and has taken appropriate measures to handle future occurrences."

On Monday morning, while bitcoin was steadily trading at $370.00 per coin, the BitPay system was erroneously processing transactions based on a bitcoin price of $344.00.

At this late date in the company’s maturity, it is interesting to note that a single rate provider was able to wreak havoc on BitPay’s price calculating algorithm. To cause the BTC price to be off by 10% would mean that one of the rates entered into the calculation was low to the extreme – possibly even zero.

But unless merchants were closely monitoring exchange calculations, the vast majority of Monday's flawed payment transactions probably went unnoticed. Only time will tell if BitPay can successfully negotiate these growing pains and bring its service back to an acceptable level of stability.

Full Story: http://altcoinpress.com/2014/11/bitpay-plagued-by-system-glitches-duplicate-deposits-and-faulty-exchange-rates/

NEW YORK – If Roger Ver is the Bitcoin Jesus, then surely New York Department of Financial Services Superintendent, Benjamin Lawsky, is the Bitcoin antichrist.

Fresh off his re-election Tuesday, Governor Cuomo is facing the likelihood of replacing several key staffers as he begins his second term. And in what might be a bullish sign for Bitcoin enthusiasts the world over, one of those aides is Department of Financial Services Superintendent, Benjamin Lawsky, the most powerful person in New York State’s industry-leading effort to stamp out bitcoin.

According to sources for the New York Daily News:

"Department of Financial Services Superintendent Benjamin Lawsky is also expected to leave in early 2015 — bound for the private sector."

The banking elite – who many believe work hand-in-hand with the state agency – have apparently decided the best way to restrict Bitcoin’s growth is by creating impossible regulations that will stop the digital currency cold in its tracks.

bye_lawskyIn March, Lawsky began accepting applications for a newly devised BitLicense, which is expected to be required for bitcoin businesses and merchants across the state.

Recently, the Department of Financial Services proposed their first public draft of regulations and opened up the process to commenters.

Under the new rules, customers paying with Bitcoin in NY might be required to first provide government issued identification, while cash, credit, and debit paying customers would not face the same restriction.

Full Story: http://altcoinpress.com/2014/11/new-york-bitcoin-antichrist-slated-for-return-to-hell-in-2015/

PM Sent! 

Max Keiser tweets about Goldcoin (GLD) Conference!

While U.S. regulators build out their rigid legal framework, and China practically bans the digital currency, South Africa has shown no signs of restricting or regulating Bitcoin. Combine that with an estimated 43 million unbanked, or under-banked, and you have a country that’s ripe for a cryptocurrency explosion.

Graham Busby, Founder at Elix-IRR, believes the entire continent is fertile ground.

"Africa provides a fertile market for all firms operating in the digital currency space. Africa’s lack of regulation and openness to innovation presents firms with a huge opportunity to experiment with new and existing business models."

Busby also wrote that digital currencies could eventually replace the US Dollar in the remittance markets.

"The potential for digital currencies to replace the US Dollar as the common currency for intra-African payments would also drastically cut the high transaction costs that all cross border transfers in the region currently suffer as a result of the current settlement process involving global banks"

Prominent South African businessman and investor, Jason Swart agrees. He has hit the ground running in South Africa with the country’s first major cryptocurrency conference, Bitcoin and the New GoldCoin for SA, to be held November 29th, in Port Elizabeth.

Cellular phones are abundant in South Africa, with an estimated 80% of the population having access to a mobile device. Therefore companies willing to enter the market early and experiment might find that South Africa presents a golden opportunity for digital currencies.

Full Story: http://altcoinpress.com/2014/11/south-africa-ripe-for-cryptocurrency-explosion-bitcoin-and-the-new-digital-gold/