Goldcoin is a Proof of Work (PoW), open-source, decentralized cryptocurrency. I've been following the project recently and they're planning to move to Proof of Participation (PoP) which I actually find interesting.
PoP Whitepaper:
https://wiki.goldcointalk.org/index.php/PoP_WhitepaperWhat I actually want us to talk about is the recent move by Goldcoin to give out $1,000,000.00 USD in GLC. They plan to do this by giving out $1000.00 USD in GLC per day for 1000 days. They said it will help the needy.
https://twitter.com/goldcoin/status/1479006711474266115?s=20They plan to do this by creating a faucet at SouthXchange that will be refilled daily.
https://main.southxchange.com/Balance/FaucetI think that this is an outrageous move and whoever came up with that idea has lost his/her mind.
Is this news good for Goldcoin or not?
Will this move encourage you to buy GLC or sell GLC?
