Guys dont dry up the volume , just stay in one spot! If we go over to vircurex than there would be insufficient amount of volume in both .
that is also true.. I am voting against getting GLD on vircurex I want to mine some more (and buy some more) before it gets too much attention. Keeps the network healthy and the coins in firmer hands for now. |
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Hey, so, now that this thread is irrelevant, given GLD's current situation, I guess it can die now.
What situation did you mean ? |
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can we all just be one big happy family, I feel like I am in some kind of soap opera
PS. do I need to make you a cake for you to believe me that I support gldcoin since just saying isn't good enough
The GLD community is a Happy Family ! It is fine to argue our points with intelligent posters, just a few people are not very polite. Don't let them upset you ! |
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lol thanks guys, I heard that somewhere. The question is, are you attempting to defraud people or have you just drunk the koolaid so facts don't matter?
I can personally say emphatically that I am not out defraud anyone. Do you hope to profit from your involvement in GDLcoin? If the coin is destined to fail because it does not pass the bar to become a mainstream coin, or have any special advantages to make it a niche coin, by what other mechanism besides finding someone else willing to pay you more than your cost. Yes and why are stating that it is destined to fail? Are you invested in bitcoin or any alt-coins at all? Do you expect a return on investment if so? Did you/are you going to ask the same questions to the bitcoin and litecoin community? Do you ask these questions to your stockbroker? When you introduce a new cryptocurrency, it has to be *better* than the status quo, because otherwise there is no reason for anyone not involved with speculative initial phase to ever buy or use it. Sure, right now you guys are one big happy family all agreeing to not sell your coins because that will rise the overall value, but it's that collussion that perpetuates the fraud. If the policy was "Ok everybody do what you want and lets see where this goes" it would be fine, and the market would reflect reality - But because many of the major players appear to have agreed to limit the supply available to the market, it means you're waiting to sell until you've profited. So in order for you to profit, you have to sell to someone willing to pay more to you than it was worth to you in cost, which is a very low number since its a brand new alt that is just not getting a little harder to mine. Lacking any advantages, any differences, really anything besides a 'marketable name" that means you're looking for suckers who will ignore the fundamentals (it's not any better than anything else, so it has almost no chance of being adopted because it offers no advantage to incentivize such adoption) and pay you a higher price not because it fixes any problems or has a chance of adoption, but instead because they think they too will be able to find a sucker willing to buy it from them for more than they paid for it. You're acting like that's not how a scam works, but actually - it is. If you hope to profit from this coin, you can only do so by getting other people to value it despite the fact there is no reason to. I'm not saying GLDcoin is the only one, just that it by all appearances is one. I haven't had time to look into other coins, trying to be through in developing my opinion about GLDcoin. You guys might be well intentioned, but it's very short-sighted to say "I hope to profit" and still act like having a gentlemans agreement amongst major holders isn't collussion to keep the price artificially high. This of course causes the greater "profitability" of the coin vs. alternatives, which encourages more people to mine it, etc. Again, I get why you first generation miners or people who got pre-mined coins for free want to be involved - Money for nothing! But the logic fails at that point. I very much have these questions about every other coin, it's just that Bitcoin and Litecoin (recently) have gotten stuck in a positive feedback loop that makes these concerns fall away as legitimate utility takes the place. it's not that GLDcoin doesn't have that same utility, it's just that mirroring it is not enough to justify using GLDcoin vs. any of the more establish alternatives. First we were accused of having millions of goldcoins and that were just waiting to take GOLDCoin to an exchange and dump our coins. When that did not happen now we are again accused of making deals not to sell coins on the exchange. You think everybody got his coins free, but again you are wrong. I personally and i know others who bought most of their GLDCoins on the forum and cryptsy. You can even look it up when we were buying the coins up from start. Take a read through this thread, people acting like they support GLDcoin are flat out saying it. The thread is getting a bit long but I must just say that your points are valid, and I appreciate you make them with respect (unlike some other posters) . Let me try and answer your queries in a valid way: IMHO the nature of money is simply confidence that someone else will accept it from you, so, in that respect, all forms of money are in the same boat (unless they are backed by Specie ,Gold etc). As far as technical innovations go, the block size schedule and difficulty retarget times (they are well tuned) are really the only variables that distinguish GLD from FTC....However, GLD starts from a much lower price base, so it will take a lot longer to reach the burnout stage, and hopefully by then adoption will be wide enough to stand it. I am not in favour of buying votes in the poll, neither am I in favour of pressing another exchange to list GLD. |
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lol thanks guys, I heard that somewhere. The question is, are you attempting to defraud people or have you just drunk the koolaid so facts don't matter?
OK, you win. Facts don't matter. Now I will at least be able to invest my time and money knowing that it is just for fun... |
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Also, Profitability on Coinchoose, is only accurate, if there is enough volume in Buy orders, at the price. If you can't sell off the ammount of coins you mine in 1 day, than coinchoose, means shit
Yep...it is only profitable if you can actually SELL it. All these new coins pop up on coinchoose and show this massive "profitability", but it is completely misleading cuz unless you are lucky enough to sell them, the price goes to hell and the "profitability" drops from 250% to 50%....usually in under 24 hours. I have come to the conclusion that chasing the top coin on coinchoose is a waste. Thanks for your positve comments. May I ask what is your motive for warning us ? Are you giving your time and opinion to save us from our own foolishness ? |
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Curious: If you succeed and GLDcoin gets to be a dominant Alt-Chain, do you think the community will stay the same?
Again, I understand how it makes sense now. But if you succeed, doesn't that fall apart? Doesn't widespread adoption make that point moot?
The short term reasons are clear, I'm asking about the future of the coin. Think 6 months out, two years ago - What is the reason at that point?
I fully understand your enquiry, but you cannot find certainty. You tell me what BTC will be in 1 year. Evolution will find its own reasons. You are most welcome to join us : I cannot guaratee success, but I know that GLD is technically as good as most alts. After that it is the adoption and support which matters most. |
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I appreciate the attempts to answer this, and have follow-up questions.
For me it the transaction speed, seems very fast, faster than bitcoin.
Can you elaborate on this difference? You say it seems very fast, why is that? This is actually an alt. coin with huge potential. The network seems quite stable at the moment, with a reasonable difficulty structure and GLDcoin seems to be building up a dedicated following. Despite the pre-mine the total number of coins and the reward structure should provide some longevity. Congrats to GLDcoin - this one really is a gold rush! I hope that development continues, its clearly partly built from feathercoin, as you can see when you encrypt the wallet in the current (1st) windows version compile. I think that Goldcoin could be popular with the masses, over some of the other alt. crypto-currencies, purely due to its name. Doing quite well on the coinchoose.com leader board as well presently.  Current profitability of BTC 163%. You like it because it's profitable to mine, as mentioned before that seems like the reason people would like it, but doesn't answer the question of why someone not mining and not speculating would want to use it. You like it because it is named "gold" which makes people think its more valuable than something like "feather" - Do you think this is an advantage, or is it a marketing gimmick? Does GLDcoin do anything to make it more like "gold" than any other cryptocurrency out there? What are the reasons, besides being named "Gold" and being easy to mine when right now its hard to mine more popular alt-chains, that it is "building up a following" - Is there anyone in this following besides Miners who gain from it being more lucrative to mine and speculators who think it will go up in value? Does it offer any tangible differences in, say, the code, or the rules they codify? Or is it just about the name and the ease of mining? Also, does anyone realize that making an agreement among early miners to not sell their mined coins is a classic example of collusion? Supply side agreeing to not sell because it would increase the supply available to the market, when by keeping supply tight the price per unit sold will be higher than it otherwise should be? Does anybody have a problem with that, or is it just standard practice as far as you're concerned?
In addition to the above, i'll be honest here, it's the first coin that I can mine with my single GPU that I feel like I have a say in what happens to it.
I also happen to like the name for what that is worth.
To date I have mined ~6,000 coins, purchased ~30,000 on cryptsy, pledged and or given away more than ~7000 coins.
I don't have $1000's or $10's of thousands of dollars to throw at a mining farm to mine bitcoin or even litecoin, that money is tied up in stocks, forex and physical silver, which I am not going to touch.
In addition I like the people that are involved with GoldCoin and I get to participate and see actual results from my contributions.
Others may feel differently, Others may have other reasons why, but for me the above is the absolute truth, take it or leave it.
Why should you have a say in what happens? What do you bring to the table with this power? Whose interest are you acting on behalf of? Why do you like the name? Does it have anything to do with reality, or do you think it is a good marketing choice that will make unsophisticated users more likely to trust it because they believe gold has value where feathers do not? How much did you spend to buy 30,000 GLDcoins, how long did you mine for 6,000 GLDcoins, why did you give some away - Altruism or because you want people to associate value with it, since they now own some and stand to profit form its further adoption? Besides being easy to mine, what is the advantage of mining GLDcoins? How do you participate in GLDcoin? Is there a forum? Do you vote on things? What things have you directly impacted, and why did you think it was important enough to initiate change on? Are there any things you feel should be changed about GLDcoin, what are they, why, and why hasn't it already happened? Enough questions. Some people have faith, and some need proof and never run out of questions. There are some things you cannot find an answer to. I think everyone has answered your questions to the best of their ability,with candour, and that is what makes the GLD community different. |
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If we were in for the profits we would not still be giving away thousands and thousands of coins which we could sell on the exchange.
WE ARE GOLDCOIN.
So again, I keep asking and have yet to get a response What does GLDCoin do better or different than other currently available and more popular cryptos? I understand that you guys like it because it's easy to mine and you're in it early, but why would anyone want to use it if they weren't mining it or expecting the price to continue going up because more people are speculating in it? We call that the "Greater Fool" theory - it works until you run out of greater fools. If you were in it for the profits, you'd be doing everything you can to convince people that there is opportunity - Like for example giving away GLDcoins so more people are invested in it succeeding, because they got coins for free and if they go up in value it will pay off for them. One last time: Outside of getting GLDcoins on the cheap and hoping they go up in value, WHY would ANYONE want to use this over other already existing chains like Litecoin? Last time I'm going to ask, I'll just assume you have no answer if nobody answers again. For me it the transaction speed, seems very fast, faster than bitcoin. In addition to the above, i'll be honest here, it's the first coin that I can mine with my single GPU that I feel like I have a say in what happens to it. I also happen to like the name for what that is worth. To date I have mined ~6,000 coins, purchased ~30,000 on cryptsy, pledged and or given away more than ~7000 coins. I don't have $1000's or $10's of thousands of dollars to throw at a mining farm to mine bitcoin or even litecoin, that money is tied up in stocks, forex and physical silver, which I am not going to touch. In addition I like the people that are involved with GoldCoin and I get to participate and see actual results from my contributions. Others may feel differently, Others may have other reasons why, but for me the above is the absolute truth, take it or leave it. That is really it. GLD has some pleasant honest people., who are not generally in it for a quick buck. Everyone likes to make a profit, sure, but there is satisfaction in decent, fair trading. The nastier element on these forums are supporting other coins. We don't diss their choices. Respect is all. |
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smartest thing you guys can do is keep it to just one exchange atm, volumes good there, when alt coins move to multiple exchanges trading volumes drop.
Good Point. Cryptsy is fairly good in fact. I like the function. I have so far bought 400000 GLD there in about 100 trades. |
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It's not so much trolling, but stating the truth.
Goldcoin will die like the millions of pump and dumps that came before it. There's nothing that you Goldcoin fanboys can do about it.
As soon as difficulty adjusts and all the for profit miners hop off your chain, the network will take hours to days to get any confirmations, and everyone will soon forget about Goldcoin.
You're wrong. Who ever said anything about mining for a profit? I for one am mining for the altcoin, not for money. I'm even gonna get a better GPU (which I wouldn't have done in 6-12months) right now to help support it. I'm sure there are quite a few others who are doing the same. I've already said this before It will only die, if we let it die  +1. Absolutely right ! Tell the whingers and money-grabbers where to go. |
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Have voted also for GLD its my favourite Coin atm cause of his beautiful name and wasnt premined by bad people.
Thanks: You are right. GLD supporters are not bad guys ! |
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plenty of us buying or mining are capable of making our own decisions....for me its all fun no big dollars on the line, and we have a coin we can mine without alot of grunt.
even if I lost on this its been fun to play and learn.
Spot on, correct ! No big dollars, no money-grabbers, no carping and whinging: GLD is Just a pleasurable coin |
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I don't know , it was around 10 rather than 20 last time I checked  I am sure about it but I will hold on to it at 1598 point for couple more days and I wont go any lower because thats my no profit limit , I dont think I should settle for loss just yet but I can settle for no profit just couple more days Mine some more and see where it goes. |
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It's not so much trolling, but stating the truth.
Goldcoin will die like the millions of pump and dumps that came before it. There's nothing that you Goldcoin fanboys can do about it.
As soon as difficulty adjusts and all the for profit miners hop off your chain, the network will take hours to days to get any confirmations, and everyone will soon forget about Goldcoin.
I would agree with you, if the miners who are supporting the GLD network were making profits. But, interestingly, it seems that there is a lot of mining going on for other reasons. You are putting all emphasis on profits and price right now. The coin is only 10 days old. Look at the history of BTC : people mined for a year or so with no appreciable price at all: Why did they do that ? In all honesty I do not predict what will happen, but there may (perhaps) be some different dynamic going on here. We will see. |
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This is why Goldcoin is and always will be useless, thank the Goldcoin dev: 1 - 200 Block @ 10000 GLD (START Mining – They will go fast) 201 - 2200 Blocks @ 1000 GLD (should last a day) 2201 - 26200 Blocks @ 500 GLD (should last a week) 26201 - 48700 Blocks @ 400 GLD 48700 - 173700 Blocks @ 200 GLD 173701 - 673700 Blocks @ 100 GLD ~100 million total coins You noobs know nothing about ALT coin investing if you're investing in some insta-mine obsessive early adopter reward coin. Meanwhile, my cryptocoin investments are GAINING in value. I am so mad/jealous of ya'lls crap coin stash that is almost entirely worthles. hahahah you guys are funny.  Ok, I'll stop trolling you guys and leave you to watch your GoldCoin investments dwindle down to nearly nothing. Cheers, don't say I didn't tell you so, Ch Please keep trolling. I helps shake out the weak sellers. |
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The price has double alone today, and there is tremendous buy support, We've gotten to a stable value for the coin.
hmmm but some miners/sellers are pretty daft......like if you want to sell 100k+ don't do it in one hit lol unless u want to kill it or put up a wall and stall trading (too the noob with 150000 for 0.00001....let it breath i can see it now going to get gobbled up and regretting selling so low lol I gobbled it up about 10 mins ago... Still hungry.. Please someone put another block of 150000 up for sale. |
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I like to watch my 55.55 sendings confirm: They are averaging 1 confirm per minute today.
FTC and CNC took 12 hours to get 6 confirms today.
CNC sucks! took me over 12 hours to get 6 confirms Goldcoin will have the same problem once difficulty adjusts and profitability drops below that of most other coins. Hopefully we will have plenty of detractors and naysayers to stop a steep rise in 'quick buck' mining then ? ..or am I getting this all wrong ? Silly me. |
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gldcoin is now at 0.00002000/btc, it has doubled in 24 hours I think it is still around half that price ( I hope so, because I want to buy more at 0.00001 or less) but yes, it has risen substantially in 24 hours. |
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All,
I've added my IIS server as a node.
The IP address is:173.248.153.165
xxxx-qt.exe -addnode=173.248.153.165
P.S.
If any senior members can add any advice here I would appreciate regarding security, firewall etc etc.
Thanks
edit, nvm. you're talking about mining. my bad. Indeed. I've been having a few client sync. issues, so decided to send keen GLDcoin thread posters in this forum a PM with my addnode address as well. It helps to make the network stronger. Thanks. With regards to firewalls and security I would recommend http://www.peerblock.com/ and http://www.iblocklist.com/lists.php blocklists. Thanks for that. Recommend it. |
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