Just wanted to update the community on our current developments for the GeoCoin project. We're focusing on adding in HTTPS secure connections to our game interface and also building up our new promotional website which will be available on http://geo.money once it is up and running. We've got some items with our HTML5 web wallet that need to be addressed in order to handle the upcoming UBQ migration. We're working closely with the UBQ devs to make sure this process goes over smoothly. I've posted a few of my own questions I've had in my head to gather their thoughts. I also plan on spreading out some more physical trackables into the geocaching community to help continue the promotion of the GeoCoin project to geocaching.com users. Stay tuned here or via social media for our progress and future updates: Twitter: @geo_coin Twitter: @BackroadDave Facebook: https://www.facebook.com/geocoin.cash/Thank you very much for the update, Weifa!  Keep up the good work on this project. Let's hope it hit the billions soon!  |
|
|
|
When will Geocoin cover all the places in the world?
There is already GEO dropped all over the world! I saw the map, and it seems like only a thousand or so coins are spawned across the world. Unless the website is not updated. We still cannot collect, can we? |
|
|
|
Yes, I think having the platform as a close source should help to prevent it from being copied. Again, I am sorry for my earlier freaking out. I was wrong about the dropping of other currencies, I think it is actually a great idea!!! Keep it up development team!!! I think GeoCoin will do very well!!! I hope that I did not sway the decision of any investors!!! I am truly sorry if I did!!! I would feel horrible if someone sold out because of my initial post!!! Please make your own decisions in buying or selling these currencies!!! Thank you everyone!!! |
|
|
|
I sincerely apologize and I hope that I did not mislead anyone. Please forgive me for my freaking out. |
|
|
|
|
Perfect!!! Then it is a good decision!!! Go GeoCoin!!!
|
|
|
|
Only GEO will be able to mine using Proof of Location, we don't control the specs of other cryptocurrencies. We would like to add the ability to drop others in the future! Hope that helps clear things up.
Likewise, the fees should be charges in GeoCoins, as to incentivize other cryptos to buy Geo in order to drop their own coins for promotional campaigns. |
|
|
|
Only GEO will be able to mine using Proof of Location, we don't control the specs of other cryptocurrencies. We would like to add the ability to drop others in the future! Hope that helps clear things up.
Yes. AND, as long as other cryptocurrnecies cannot steal the GeoCoin platform for their own use in the future. We need to find ways to protect this software from being duplicated by others. Any and all precautions should be taken. |
|
|
|
|
Look, the last news is probably a great idea. As long as other coins cannot mine their coin on the Geo platform, but simply just drop them for a fee - being issued with GeoCoins. LIKEWISE, as long as competing cryptos do not have any capabilities to steal the platform, then it is okay. Otherwise, the coin is down the drain, and everyone is doing it. It is a great idea, but the intellectual property and specialty must be protected here. I mean, I'm sure you did not work on this coin for the past 3 years to have someone else mimic what you made.
|
|
|
|
|
If you analyze the chart carefully, the investors became pleased with the idea that the coin can be mined by collecting, instead of using software. This simplifies the entry barrier and reduces it to just having an app, instead of downloading a bunch of miscellaneous software and being very tech savvy to figure out how to mine coins. This will also make a fun way for people to "mine." Likewise, it will go viral, just like Pokemon Go, but it will never get old because it's money, not just a game that you can beat in two weeks (that's a novelty). Likewise, becoming an Ubix coin is great for security and preventing hacking. This was the best direction for the coin. The second news update was just a promise to make the app cool. The third.... it freaked out investors because they think that the platform is given away to other coins. If it is just being able to drop other coins, then cool. It freaked me out, to be honest. But it makes sense if that is all they will be able to do, is just drop them for a fee and not mine them via location. I would also be very careful to provide other coins your secret sauce to the Geo software, because then it CAN become a novelty, if other coins just simply recreate what you have been working so hard for. Then Geo will go down the drain.
|
|
|
|
Yeah, I would remove the last "update" from your direction of the coin. Saying that you would be able to drop other coins, is pretty much providing everything you have worked so hard for to any other cryptocurrency out there. Then GeoCoin will not be special at all, if you can just drop any cryptocurrency on the app. That's like nerfing the entire coin, who would invest into that? Very bad idea. That's the whole point of GeoCoin, that it is the only coin that you can mine by collecting it. You can see how the investors responded to that news, right?
I disagree, I think it creates further demand for GEO as a fee is necessary to make the drop of another coin (meaning someone has to buy GEO first before they can drop other coins). It turns geocoin into a platform for crypto location services, rather than just some novelty coin hunting game. The real value of GEO in my mind is its potential in marketing and advertisement based on location (i.e. if a business wants to create their own token to run promotions at a given location, they can utilize geocoins infrastructure which would ultimately drive up demand for GEO. That makes sense, but as long as people cannot simply mine other coins via this platform also. Though still, it may create confusion in the eyes of investors as to what GeoCoin is. A platform for other currncies, or a coin that you can mine by collecting? By no means would it become just a novelty if it is just specified for GeoCoin. The ability for other cryptos to drop on the GeoCoin platform is just an extra feature, not the main drive. And it could cannibalize Geo, though now that you mention that Geo will first have to be purchased and that the fees are charges with Geos, then it somewhat makes sense. But it looks pretty bad at first sight. You saw the market cap drop. |
|
|
|
Anyone complaining about the new features are morons. Every single piece of news was good. Did you expect a country to adopt it as its national currency or something?
No, we expected GeoCoin to have a special platform. NOT GIVE EVERYTHING AWAY TO ALL OTHER CRYPTCURRENCIES! That is ridiculous. |
|
|
|
|
Yeah, I would remove the last "update" from your direction of the coin. Saying that you would be able to drop other coins, is pretty much providing everything you have worked so hard for to any other cryptocurrency out there. Then GeoCoin will not be special at all, if you can just drop any cryptocurrency on the app. That's like nerfing the entire coin, who would invest into that? Very bad idea. That's the whole point of GeoCoin, that it is the only coin that you can mine by collecting it. You can see how the investors responded to that news, right?
*double face palm* The first update was bomb, though the last one is like shooting yourself in the foot. This coin can go to the billions if you just make it unique and special. But you want it to drop down to thousands?
|
|
|
|
Well, that's the difference between and traders and an investor, isn't it? It is easy to get burned playing those trading games. If you know a product is good, and you hold your investment, you can turn out further. Just gotta be patient and wait. This coin has a lot of potential, so, some can trade it, others will hold on to it and reap the future benefits 10 fold, 100 fold, 200 fold, or even more.
This is true, however you can accumulate more coins by selling at peaks and buying it back on the dumps..just accumulate more coins. Your original question was why did investors get spooked...the investors didnt get spooked, the traders dumped. Traders and whales (who are tied in with the devs) move these markets, not investors. According to your point, the investors are holding..which i agree with. Thank you for your perspective. "Give instruction to a wise man, and he will be yet wiser: teach a just man, and he will increase in learning." - Proverbs 9:9 |
|
|
|
Not sure why the investors spooked. This news is absolutely amazing! All of the new applications that will be incorporated in the GeoCoin app are just amazing. I truly believe this coin will reach billions once the GeoCoin app comes out. This is because people will make it go viral on Facebook and other social media accounts as they will be able to collect cryptocurrencies simply by downloading an app. No more figuring out how to mine or even buy cryptocurrencies. Just download an app, have fun, and collect them all throughout the world. How cool is that? If Pokemon Go made Nintendo's stock skyrocket to double in just a week (mind you, Pokemon Go was only one app out of the many things Nintendo does), how much more will this do? Amazing news. Looking forward to more! Go GeoCoin!
It's a good project, but don't get married to these coins. Buy on hype, sell on news. Easy breezy. Unless you're first priority isn't to make money..then my apologies. Well, that's the difference between and traders and an investor, isn't it? It is easy to get burned playing those trading games. If you know a product is good, and you hold your investment, you can turn out further. Just gotta be patient and wait. This coin has a lot of potential, so, some can trade it, others will hold on to it and reap the future benefits 10 fold, 100 fold, 200 fold, or even more. |
|
|
|
|
Not sure why the investors spooked. This news is absolutely amazing! All of the new applications that will be incorporated in the GeoCoin app are just amazing. I truly believe this coin will reach billions once the GeoCoin app comes out. This is because people will make it go viral on Facebook and other social media accounts as they will be able to collect cryptocurrencies simply by downloading an app. No more figuring out how to mine or even buy cryptocurrencies. Just download an app, have fun, and collect them all throughout the world. How cool is that? If Pokemon Go made Nintendo's stock skyrocket to double in just a week (mind you, Pokemon Go was only one app out of the many things Nintendo does), how much more will this do? Amazing news. Looking forward to more! Go GeoCoin!
|
|
|
|
Pump befor news. already BTC0.00065+ Can we see geo at 10$+?
We will see what happens. Though there is news and updates coming out today and on 08/23. Can't wait! |
|
|
|
|
Along with this long-waited advertising campaign, I feel you should begin to partner with different coin platforms to create more transaction abilities and security for your coin. It will really help investors come in more. Especially if you have faster transaction speeds too. Perhaps somewhere close to the lane, once the wallet interface and advertising campaign are completed. Which are all going to be great news for this coin!
|
|
|
|
I'm new to FRN. Love the website. It's better than many in the top 50 market caps.
Hoping FRN gets approval for the iPhone app. That would be fantastic!
Think bigger, my friend. |
|
|
|
|
Yo, the coins with the big G on the map, are those already dropped? I might go looking for one.
|
|
|
|
|
Show Posts
