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3181  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold Coin (GLD) Info Thread - The Future of Digital Currency [NEW THREAD] on: July 04, 2013, 01:17:25 PM
pls update client. Sad

The updated client will be released in a few days. Thank you for your patience.
3182  Alternate cryptocurrencies / Altcoin Discussion / Re: CryptoCoin Mine - Goldcoin on: July 04, 2013, 02:20:54 AM
Thank you Dreamwatcher.
3183  Bitcoin / Bitcoin Discussion / Re: A wide gap that cannot be bridged will likely bring down Bitcoins on: July 03, 2013, 06:06:59 PM
First, a central bank can, in theory, print money as fast as they can. However, this does not happen in reality because issuing too much currency will feed inflation only and eventually destroy the economy.

Unlike a central bank, Bitcoin miners are not interested in maintaining the stability of the Bitcoin economy. While a central bank would choose to control the amount of cash floating in the market (admittedly, they are not doing a good job either), Bitcoin miners will want to make the best value out of mining and will dump the mined coins on the market whenever they can make a profit (the arbitrarily set limit of 21 million is nothing scientific and does not accommodate the real Bitcoin economy activities in any way).  

Here comes the sharp difference, that in my opinion, would likely bring Bitcoins down.

Second, looking back, the initial miners created their fortune too fast, with too little investment. The result is that those people will dump the coins they have anytime the market is good. This would likely be a disruptive force that crashes the exchange rate. Unlike people having to pay a fair amount of money to get Bitcoins (whether through using expensive mining machines or buying the coins direct on market) this year, those pilot indeed can dump the coins and make a profit at anytime. This means that the market will always face the risk that some unknown adopter just arbitrarily dump the coins and then crash the market. Think of April 11, a tender of sale for 20,000 coins eventually pushed the market downward, until today.

Unless someone can resolve the issues, I would say, be cautious.


I think Bitcoin will survive for many decades but could potentially take a backseat to some of the newer alts. By modeling coin generation after the rules of physical gold, the upcoming Goldcoin (GLD) fork will address many of these stated limitations.

The successful currency must have; 1. massive consumer adoption, 2. practical methods of exchange (android), 3. adequate but finite supply, and 4. enduring miner incentive.

I also think the winning alt will be viewed as both a currency and a commodity.
 
3184  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: July 03, 2013, 03:02:27 AM
I just wanted to mention that the current block reward for Goldcoin (GLD) is 500 and not 400. Thank you.

Fixed.  did it used to be 400?

It was 400 until the last fork and is currently 500. It won't drop back to 400 until block 31500. Thanks for updating.  Smiley
3185  Bitcoin / Bitcoin Discussion / Re: Give your kids their pocket money in Bitcoin on: July 03, 2013, 01:35:30 AM
Most parents give pocket money to their kids. If you forget, the kid will remind you about it, and this might be the best opportunity there is to grow the Bitcoin economy. The kids will find a way to spend their Bitcoin the way they want...

So I hope every parent here now gives his kid's pocket money in Bitcoin only.

I've got this idea for a commercial where a mom is paying the babysitter with Goldcoins (GLD). It takes place 3 years in the future when everyone uses GLD for money.  Smiley

3186  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold Coin (GLD) Info Thread - The Future of Digital Currency [NEW THREAD] on: July 02, 2013, 10:17:16 PM
LOL I commented on one of "MicroGuys" videos about the flaws in his ideas and stuff and guess what happened??? My comments, DELETED. This is crazy. Can't take a little criticism MicroGuy?

I am trying to learn to take criticism better. I just removed all my videos from this thread per the suggestion above. In addition, I will delete any future video that does not have an overwhelming majority of likes vs. dislikes.
3187  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold Coin (GLD) Info Thread - The Future of Digital Currency [NEW THREAD] on: July 02, 2013, 09:02:34 PM
It's sad that someone your age doesn't know the difference between a legitimate youtube channel, and someone gettin buzzed and making videos with such callous. I actually feel sorry and rather embarrassed for you

Thanks. The videos were really not intended to be taken seriously. But I did watch your Youtube carpet cleaning videos and they're very professional and well done. I'll be sure to take your suggestions and try to make improvements.
3188  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold Coin (GLD) Info Thread - The Future of Digital Currency [NEW THREAD] on: July 02, 2013, 08:42:13 PM
Your messages need to be deleted. People like you are the reason this shit won't get accepted. Old, drunk, creepy guy singing retarded songs and giving me financial advice? Yea, I'm sure going to listen to that nutjob

Greetings and thank you for these comments.

All suggestions are taken under consideration. But please don't consider this financial advice, my general suggestion is to buy less than $20.00 worth of these coins. It's not intended as financial advice. Sorry for any misunderstanding.
3189  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold Coin (GLD) Info Thread - The Future of Digital Currency [NEW THREAD] on: July 02, 2013, 08:25:46 PM
I dont know why I watch this guys videos. All he does is talk about his beer for about a minute and then just says variations of GOLDCOINS AWESOME. Then he just rambles about nothing and speaks gibberish for 2 minutes.

This is probably the most honest and accurate review I'd read to date. Lol

I'm trying to reach people outside the sphere of the crypto-world but my messages need to be more focused. I think also I should sometimes have a swimsuit model sitting on my lap to make the videos more entertaining (at least for me anyway). I will get to work brainstorming now.
3190  Alternate cryptocurrencies / Altcoin Discussion / Re: CoinChoose - alternative site to show respective profitability of the alt coins on: July 02, 2013, 08:13:23 PM
I just wanted to mention that the current block reward for Goldcoin (GLD) is 500 and not 400. Thank you.
3191  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold Coin (GLD) Info Thread - The Future of Digital Currency [NEW THREAD] on: July 02, 2013, 11:38:57 AM
Good morning everyone!  Grin

One of the coins currently being traded at Cryptsy could well become the currency of the future.

It will be the one that is ultimately adopted my consumers that will succeed. So focusing on fixing the client and then getting this currency into circulation is paramount. My idea is to have a series of television commercials showing people in the future using Goldcoins in their everyday life. In one version a female jogger tips the paper wallet of a sleeping homeless man then comes home and pays the babysitter by sending coins to her smartphone.

Over the coming weeks we will be announcing a contest and will begin accepting video commercial submissions. The winner will receive a cash bonus and could have his/her entry featured on late night television in select cities.

Have a great day guys and "may all your bitcoin dreams turn to gold"!
3192  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold Coin (GLD) Info Thread - The Future of Digital Currency [NEW THREAD] on: July 01, 2013, 04:17:58 PM
The issue with LP on the Cryptomine pool has now been resolved. Thank you.  Smiley
3193  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold Coin (GLD) Info Thread - The Future of Digital Currency [NEW THREAD] on: June 30, 2013, 11:53:54 PM
Lets not forget the *cough*artificial*cough* dumping as well  Wink

We haven't pumped the coin for a while, what you are seeing currently is natural buy support not our doing.

Take heed people, keep your heads cool. We aren't idle here Smiley

(I've been working for almost 3 days straight, so believe me we are trying our best and are in fact on schedule)

Thanks for all the hard work you're doing. The updated client you sent is looking and running great!
3194  Alternate cryptocurrencies / Altcoin Discussion / Re: !!! Honestly Alt. Coin Community ? Look at what your doing! on: June 30, 2013, 10:22:47 PM
I wish everyone the best on their respective projects.

There are my sentiments as well. I think Goldcoin (GLD) has a bright future too!  Smiley
3195  Other / Archival / Re: [GLD] GLDCoin Giveaway! on: June 30, 2013, 01:59:00 AM
Special bonus for last two posters. And special video just for you....

https://www.youtube.com/watch?v=BNf23PhJZUE
3196  Other / Archival / Re: [GLD] GLDCoin Giveaway! on: June 30, 2013, 01:30:26 AM
EBDv8BqSpSWDA5gZum3FsbaUvrSRg6ZFqw

thanks

Sent you a bonus and made you a video!

https://www.youtube.com/watch?v=BNf23PhJZUE
3197  Other / Archival / Re: [GLD] GLDCoin Giveaway! on: June 30, 2013, 12:49:28 AM
Just sent the last three addresses a little bonus.  Smiley
3198  Economy / Speculation / Re: Mt.Gox Co. Ltd registered to be compliant MSB with FinCEN on: June 29, 2013, 11:07:38 PM
This looks like good news for Bitcoin.
3199  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN] cudaMiner - a new litecoin mining application [Windows/Linux] on: June 29, 2013, 05:09:07 PM
Anyone had any luck with the GTX 260, I had an old one lying around which I chucked in a test machine but can't get more than 20kh out of it.

I get 44 kHash with Windows 7, cudaminer Version older than 2013-04-30 using

-i0 -l S27x3

It should work a bit faster on Windows XP or Linux

Christian


I'm getting 37 KH/s on my GTX 260 using this configuration.
3200  Alternate cryptocurrencies / Altcoin Discussion / Re: Gold Coin (GLD) Info Thread - The Future of Digital Currency [NEW THREAD] on: June 29, 2013, 04:16:18 PM
Our newest pool is a GoldCoin pool, gld.minepool.net

-Stratum
-Proportional Pay Per Block (no PPLNS)
-Finder is rewarded 2% of the block.
-User Stats for each block includes shares contributed, share ratio, reward

Thanks I will update the OP of this thread now. I have also listed you here: https://www.gldtalk.org/index.php?topic=43.0
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