Hello Everyone! I’m writing to send you some excellent news regarding our Goldcoin (GLD) digital currency! Your hard work and tireless energy is finally paying off as the month of November is proving to be our best ever! Our block explorer has been fully paid for one year by Dustin Thomas, Amir’s ground-breaking java client is just days away from being released, and our first-ever Goldcoin Conference has been scheduled for 6:00pm, Saturday, November 29, 2014, at The BoardWalk Hotel & Casino Resort in Port Elizabeth, South Africa. A lot of you have been asking how you can help. So last night I created a StartJoin project to help raise funds for the conference. The conference has been paid in advance by Jason Swart, but we need to share the cost across the entire community. This will also help to make the event even bigger and better. Project link: https://www.startjoin.com/gogoldIf each of you reading this email will chip in just a small amount, this project can be fully funded tonight. In less than 24 hours, the event is already 15% funded! Thank you again for your time, and I look forward to the progress, growth, and prosperity that the future holds our wonderful Goldcoin (GLD) currency. Sincerely, Greg Matthews Forum Founder https://www.gldtalk.org/index.php |
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If you've been following this thread but haven't registered for the Goldcoin forum, sign up today and receive 50 FREE Goldcoins!  Giveaway details >> https://www.gldtalk.org/index.php?topic=2907.0Mention this post and receive double the gold! That's 100 FREE Goldcoins Peepers!  |
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Altcoins are good for Bitcoin because they bring competitive pressure, and are excellent working testbeds for design changes. Bitcoin developers can easily adopt core improvements after they've been thoroughly tested on competing blockchains. For example, in a few days the first multi-threaded version of the Bitcoin core will be released in Canada. Anyone with a thorough knowledge of the existing Bitcoin code will know how vast of an improvement this will be over the existing design. http://altcoinpress.com/2014/11/canadian-scientist-cleans-up-bitcoin-slop/Then, after the fixes have been successfully tested on the competing blockchain, they can be brought over to Bitcoin. This is just one example of how Altcoins are not only beneficial to Bitcoin, but they are in fact - crucial.  |
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 A Texas man was arrested Thursday and charged with running a Bitcoin Ponzi scheme that during its operation raked in over 700,000 bitcoins, what at the time accounted for nearly 7% of all bitcoins in circulation. Trendon Shavers, using the online moniker PirateAt40, collected his crypto booty by soliciting investments in his firm, Bitcoin Savings and Trust. The scheme began in September 2011 and continued thru September 2012. Shavers used the popular forum Bitcointalk.org to lure his alleged victims. The investments were valued at more than $4.5 million based on the price of bitcoin at the time. The digital bandit has already been fined $40 million by a federal judge in north Texas in a Securities and Exchange Commission (SEC) civil case. Today’s arrest is for criminal fraud charges brought by the US Attorney in Manhattan. Mr. Shavers sold bitcoin-related securities from his home in McKinney, Texas, promising investors up to 7% a week in interest payments. In the end, at least 48 of the roughly 100 investors lost all or part of their investment, according to the U.S. Attorney’s office. Shavers is charged with one count of securities fraud, carrying a maximum sentence of 20 years in prison, and a fine of up to $5 million, and wire fraud, carrying a maximum penalty of 20 years in prison, with a fine of up to $250,000. Bitcoin (BTC) is a popular digital currency that allows consumers to make online purchases with little to no fee. Bitcoin is currently trading at just under $340 per coin with a market capitalization of $4,591,389,026 according to Coinmarketcap.com. - Follow Greg Matthews on Twitter: @realmicroguy / Image via FlickrFull Story: http://altcoinpress.com/2014/11/american-bitcoin-pirate-slammed-for-securities-violations/ |
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 One of Bitcoin’s most prominent and outspoken supporters is Overstock CEO Patrick Byrne. Last year, his company famously became the first major online retailer to accept Bitcoin payments. The famous ‘slop’ commentBut Byrne’s support does not come without criticism. During a speech at this year’s Bitcoin in the Beltway conference, the tech-savy executive revealed that the Bitcoin core code contains a lot of “slop”, which he speculated would cause problems for the currency down the road. Interestingly, the Bitcoin core developers are limited to the severity of alterations they can implement due to the inherent risks that major updates bring. For the sake of network stability and safety, Gavin and his crew are limited to pushing out ultra-conservative changes, which restricts their ability to quickly resolve the core problem. Flashback to December 2013A budding Canadian software developer enters the frame. While working on another cryptocurrency project, Amir Eslampanah discovers these design flaws in the Bitcoin core and devises a plan to clean out this “slop.” He single-handedly undertakes the task of making a core that’s more scalable by using a new multi-threaded and modular implementation. Last month, after nearly a year in the making, a video was released revealing the nearly complete GUI of the new open-source wallet. Eslampanah, who will be releasing the new client in November, explained to AP over Skype: "In terms of wallet functionality, modularity, security, and sheer performance, the improved client will be unrivaled. Block download times will also be decreased considerably thanks to on-the-fly compression and multi-threaded download capability." It is thought that after being fully evaluated and tested by the Goldcoin (GLD) community that these new coding achievements can be freely integrated into the Bitcoin core and possibly other cryptocurrencies. The remarkable thing about the open-source crypto community is how new innovations are commonly shared across competing blockchains. The modular Java-based client will also be the first to support multiple crypto-currencies and to accept third-party plugins. Bitcoin (BTC) is a popular digital currency that allows consumers to make online purchases with little to no fee. Bitcoin is currently trading at just under $340 per coin with a market capitalization of $4,591,389,026 according to Coinmarketcap.com. Full Story: http://altcoinpress.com/2014/11/canadian-scientist-cleans-up-bitcoin-slop/ |
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Just a quick heads up that there is a typo in this above url resulting in a 404 error. It should be... Official Goldcoin ForumThank you for the head's up. The link URL has been corrected. |
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any news here today?
Here is the most recent update from the Facebook Group.  I spoke with Akumaburn yesterday, and we are still on track for a November release. |
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 Things have been looking up for Bitcoin this week, as regulators begin showing signs of easing, and now tech mega-giant Google warms up to the digital currency with the installation of a spanking new Bitcoin ATM inside its London campus. Sarah Drinkwater, head of the popular tech facility, is excited about Bitcoin and told IBT: "Campus members love to experiment and relish access to the most cutting-edge tech commerce opportunities out there." The London Campus, which is home to mostly startups, is located in the heart of Shoreditch, on 4-5 Bonhill Street. It’s now the fifth location in London to offer a Bitcoin teller machine. Zia Hayat, CEO and founder of Callsign, who worked to have the machine installed, explained: "Being exposed to new and growing technologies is critical for entrepreneurs and startup development so I cannot think of a better place for this BTM to be launched." About 35,000 members of the Campus, together with 100,000 annual visitors, will have access to the BTM. Not only will the machine allow patrons to purchase Bitcoin with cash or credit cards, but customers will be able to use those Bitcoins to purchase food and drink in the campus café. Full Story: http://altcoinpress.com/2014/11/tech-giant-google-installs-bitcoin-atm-in-london-campus/ |
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As it's hard to know all the reasons why BTC Guild is deciding to shut down, pointing to the govt. and saying it's their fault we need to stop our business operations, is in my view giving up a little bit too easy.
According to the attorney in the article, there is grave danger that any company dealing with Bitcoin in the US could be defined as a money transmitter. This pool will probably be bought and moved offshore. However, if the US continues to ratchet up the regulatory oversight, there will be a lot more companies running in the future. Here is an article published today at Coindesk that discusses the difficulty that comes along with being classified as a money transmitter. http://www.coindesk.com/new-fincen-guidance-means-us-bitcoin-companies/My primary concern would be that other countries could continue to crackdown until there is nowhere left to run. |
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 One of the first casualties in the US regulatory war on Bitcoin announced today that it will suspend operations on November 30th, effectively shutting down 5% of the Bitcoin network hashing power. BTC Guild, one of the oldest remaining Bitcoin mining pools, announced today that it would be closing its doors and shuttering its business. Registrations are closed to new users effective immediately. The site’s founder, Michael Marsee, cited US regulation as one of the main reasons for his regretful decision. "US government/regulators are already taking stances against specific business types in Bitcoin, applying requirements which would be impossible for BTC Guild to operate under if they attempt to extend regulation into pooled mining, either directly or indirectly due to unclear definitions."Marsee went on to explain further:"Nobody will mine on a pool which requires them to provide personally identifiable information when they can change a single line in their configuration to point elsewhere."According to Andrew Ittleman, an attorney at Fuerst Ittleman David & Joseph, PL, this week’s FinCEN rulings are a troubling sign for how the Bitcoin industry could be treated by the agency as a whole. "It seems to me that, according to FinCEN, any company that’s dealing with bitcoin is a money transmitter, and I don’t know if I could have said that before before I read the payment processor note."If government regulators can continue to successfully pressure mining pools into shutting down, we could eventually begin to see an impact to the overall security and stability of the Bitcoin network. Mining pools are a way for miners to combine their computer resources and share their hashing power, while splitting the reward equally, according to the amount of shares they contribute to solving a block. These pools are crucial in the operation of the Bitcoin network. Full Story: http://altcoinpress.com/2014/10/chunk-of-bitcoin-network-being-cut-off-due-to-us-regulations/ |
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 The Spanish Intelligence Agency has intercepted online communications passed between jihadists discussing the weaponization of the Ebola virus, while terrorists in Prague threaten to unleash the deadly virus unless the Czech Republic pays a king’s ransom of one million euros, in Bitcoin. The blackmailers warned that failure to comply with any of their requests would lead to the spreading of the infectious disease throughout Prague and into other cities, and that failure to answer their letter would also result in a ‘viral’ social media smear campaign. "If you don’t answer this letter, we will send press releases to media and inform people on social networks such as Twitter, Facebook and Youtube to let them know how negligent the Czech offices are." The threat was issued by anonymous emails to the cabinet offices of the Czech government which were then passed on to the media. There is a question as to whether the government possess the nearly 4000 bitcoin that would be needed to satisfy the digital demand. ebolaThe Czech Republic’s interior ministry issued a public statement saying that “the culprit or culprits are using very sophisticated communication methods.” This means the potential attackers are probably using the TOR Network, which is popular with Bitcoin enthusiasts, to conceal their identities. The spokesman commented that the cold weather would hopefully slow the infection from spreading. The Czech Republic currently has no confirmed cases of Ebola, although there have been several scares recently. Tonight is the payment deadline. So in a few hours, we could know for sure if the terrorists actually carry out their sinister plan of mass infection. Full Story: http://altcoinpress.com/2014/10/bitcoin-terrorists-to-release-biological-weapon-unless-btc-ransom-paid/ |
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According to Andrew Ittleman, an attorney at Fuerst Ittleman David & Joseph, PL, this would mean that any business that wants to accept Bitcoin, would need to fork over hundreds of thousands of dollars to become licensed as a money transmitter in each state, in addition to several other requirements. "It seems to me that, according to FinCEN, any company that’s dealing with bitcoin is a money transmitter, and I don’t know if I could have said that before before I read the payment processor note."Basically, if this attorney is correct, the rulings are the equivalent of a ban on Bitcoin in the United States. http://www.coindesk.com/fincen-rules-bitcoin-payment-processors-exchanges-money-transmitters/ |
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These seem to be laws governing exchanges ?
What impact will this classification of exchanges as "money transmitters" have on the average Bitcoin user ?
According to Andrew Ittleman, an attorney at Fuerst Ittleman David & Joseph, PL, it could mean that any business that wants to accept Bitcoin, would need to fork over hundreds of thousands of dollars to become licensed as a money transmitter in each state, in addition to several other requirements. "It seems to me that, according to FinCEN, any company that’s dealing with bitcoin is a money transmitter, and I don’t know if I could have said that before before I read the payment processor note."Basically, if this attorney is correct, the rulings are the equivalent of a ban on Bitcoin in the United States. http://www.coindesk.com/fincen-rules-bitcoin-payment-processors-exchanges-money-transmitters/ |
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 What’s that? You want to start a Bitcoin business but don’t have half a million dollars to become compliant with FinCEN and secure a money transmitter license in each of the 50 states? Well – at least you have the Bitcoin Foundation fighting against excessive regulation and unnecessary oversight. Right? Not exactly. According to foundation counsel and former Department of Homeland Security adviser Jim Harper, who joined the foundation in March, they don’t want just any ‘ordinary Joe’ firing up a Bitcoin based business. That privilege should be reserved for the well-financed minority. Yesterday, Harper told the New York Times that Bitcoin businesses should not be open to just anyone. "Well-formulated regulation can help because you don’t want everyone to start a Bitcoin business." As reported Monday, the latest FinCEN rulings broaden the definition under which businesses will be considered money transmitters. In some cases, this could force merchants to close up shop or to stop accepting the digital currency. Some merchants that currently accept Bitcoin, and pay out dollars to staff or other third parties, could now fall under the agency’s new definition. But the former DHS official supports regulation and has recently argued for more "We argue that Bitcoin should be integrated into existing financial services regulation, and we point out the progress in states like Texas and Kansas (along with what’s pending in North Carolina), and in federal agencies like FinCEN, the IRS, and FEC." However, that’s not what’s happening. The most recent FinCEN rulings would define some Bitcoin businesses as money transmitters, whereas if they operated with traditional currencies alone, they would not fall under the same definition. According to Andrew Ittleman, an attorney at Fuerst Ittleman David & Joseph, PL, these new developments are a troubling sign for how the industry could be treated by the agency as a whole. "It seems to me that, according to FinCEN, any company that’s dealing with bitcoin is a money transmitter, and I don’t know if I could have said that before before I read the payment processor note." Many early Bitcoin adopters had hoped the cryptocurrency could bring new economic freedoms to those less privileged in the World. Some had envisioned a society that offered equal opportunity for both the rich and poor. But these new regulations will probably make opening a Bitcoin business more exclusive and more restrictive than opening a traditional fiat-based enterprise. Full Story: http://altcoinpress.com/2014/10/bitcoin-foundation-we-dont-want-everyone-starting-a-bitcoin-business/ |
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Can anybody give an advice for a trustworthy altcoin exchange to transfer remaining funds to?
In my opinion, Cryptsy.com is the most solid Altcoin exchange in operation. |
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