This update lowers the miner rewards
We are proud to announce the latest updated to GoldCoin.The development team and staff have been working around the clock to make this the very best version to date.
We have addressed a number of issues related to the previous client. The syncing issues and Litecoin upgrade alert have been fixed. In addition, there have been improvements made in the areas of coin generation, block reward, and difficulty retarget time.
For a more in depth look at the changes and an explanation regarding those changes, please take a look at the official patch documentation here:
http://www.gldcoin.com/documents/GoldCoin_Patch_v1.2.pdfThere will be a hard-fork at block 45000 which is currently estimated to occur on August 1, 2013. All current users should update their clients at least 24 hours prior to the fork. It is recommended that you backup your current wallet before performing this upgrade.
To update your client please visit the official website and select the version of the client that matches your operating system:
http://www.gldcoin.comJoin the discussion at GLDTalk.org:
https://www.gldtalk.org/index.php?topic=221.0From the PDF:
Before fork: 1 block = 2.5 minutes = 500 GLD
After fork: 1 block = 2 minutes = 45 GLD
This means
Before (early adopters): money supply = 200 GLD/minute
After (new adopters): money supply = 22.5 GLD/minute
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That would be the only plausible government to be behind bitcoin. Oh, I forgot, you don’t understand what decentralised means, I’m sorry. Never mind, I’m going back to writing my new masterpiece “Quantum Mechanics for Bears”.
