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Author Topic: [ANN][GRT] Grantcoin: Currency with a Conscience (old thread)  (Read 35888 times)
The Grantcoin Foundation
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May 03, 2015, 03:26:03 AM
Last edit: September 15, 2016, 09:51:17 PM by The Grantcoin Foundation
 #1

Grantcoin: Currency with a Conscience


This thread is an archive of past discussion. Click here for new thread.

See also the official Grantcoin website at grantcoin.org.

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May 03, 2015, 03:29:22 AM
Last edit: May 03, 2015, 03:41:37 AM by kevin1234a
 #2

well established project with some info, happy to mine it for the time being. GL guys

"version" : "v0.1.0.0-unk-beta",
"protocolversion" : 60004,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 2723,
"moneysupply" : 10000000027.21999931,
"connections" : 3,
"proxy" : "",
"difficulty" : 0.08789966,
"testnet" : false,
"keypoololdest" : 1430624187,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"errors" : ""
}


Technical Specifications & Code

 
Grantcoin Open Source Code — View the code that powers the Grantcoin digital currency network.

Codebase: Modified from Peercoin, which was modified from Bitcoin

Currency Abbreviation/Ticker Symbol: GRT

Network Ports: 9982 (default) and 9983 (RPC)

Token Divisibility: 6 digits after decimal point, i.e. smallest possible unit is 0.000001 GRT

Transaction Fee: 0.01 GRT for most transactions

Target Block Time: 90 seconds

Token Creation Method: PoW until block 250,000, then PoW/PoS hybrid

PoW Algorithm: SHA-256

PoW Block Reward by Block Height:

    1: 10 billion GRT — Grantcoin reserve for planned distribution
    2 to 49,999: 0.01 GRT — Pre-launch and up to 2 weeks post-launch
    50,000 to 50,999: 6.25 GRT
    51,000 to 51,999: 12.50 GRT
    52,000 to 52,999: 25 GRT
    53,000 to 53,999: 50 GRT
    54,000 to 54,999: 100 GRT
    55,000 to 55,999: 200 GRT
    56,000 to 99,999: 400 GRT
    100,000 to 149,999: 200 GRT
    150,000 to 199,999: 100 GRT
    200,000 to 249,999: 50 GRT
    250,000 to 299,999: 25 GRT
    300,000 to 349,999: 12.50 GRT
    350,000 to 399,999: 6.25 GRT
    400,000 and above: 0.01 GRT

PoS Reward: 1% annually

Planned Modifications: The Grantcoin Foundation will likely execute a hard fork in late 2015 or early 2016 to increase the PoS reward and end PoW mining.

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May 03, 2015, 03:37:31 AM
 #3

well established project with some info, happy to mine it for the time being. GL guys

Thanks. FYI, the mining reward is tiny now but jumps up to a significant level at block 50,000 which should be reached in about 10 days. We set it up this way to give lots of people a chance to do their due diligence on this project before profitable mining begins, to make it more of a fair start for everyone who might be interested.

There is a LOT of documentation about this project available. Please read, consider, and if you like what we're doing, support us in whatever way you can.
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May 03, 2015, 03:45:59 AM
 #4

"version" : "v0.1.0.0-unk-beta",
"protocolversion" : 60004,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 2723,
"moneysupply" : 10000000027.21999931,
"connections" : 3,
"proxy" : "",
"difficulty" : 0.08789966,
"testnet" : false,
"keypoololdest" : 1430624187,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"errors" : ""
}

Blockchain is actually at block 39,994 right now and current difficulty is 20.25. See block explorer here: https://chainz.cryptoid.info/grt/

Are you sure you're on the correct chain?
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May 03, 2015, 04:28:51 AM
 #5

"version" : "v0.1.0.0-unk-beta",
"protocolversion" : 60004,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 2723,
"moneysupply" : 10000000027.21999931,
"connections" : 3,
"proxy" : "",
"difficulty" : 0.08789966,
"testnet" : false,
"keypoololdest" : 1430624187,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"errors" : ""
}


yeah wallet was syncing when i posted that Wink
Blockchain is actually at block 39,994 right now and current difficulty is 20.25. See block explorer here: https://chainz.cryptoid.info/grt/

Are you sure you're on the correct chain?

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May 03, 2015, 04:43:02 AM
 #6

yeah wallet was syncing when i posted that Wink

Yeah, I figured that must be it, but you had me freaking out there for a second. lol.

BTW, I'm Eric, one of the founders.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 03, 2015, 06:58:40 AM
 #7

10 billion premine, 50000 empty blocks, pow that is 3% of the premine, 520 blocks to mature. You should kick me in the balls and punch my mama while you're at it.






             ,gaaaaaaaagaaaaaaaaaaaaagaaaaaaaag,
           ,aP8b    _,dYba,       ,adPb,_    d8Ya,
         ,aP"  Yb_,dP"   "Yba, ,adP"   "Yb,_dP  "Ya,
       ,aP"    _88"         )888(         "88_    "Ya,
     ,aP"   _,dP"Yb      ,adP"8"Yba,      dP"Yb,_   "Ya,
   ,aPYb _,dP8    Yb  ,adP"   8   "Yba,  dP    8Yb,_ dPYa,
 ,aP"  YdP" dP     YbdP"      8      "YbdP     Yb "YbP  "Ya,
I8aaaaaa8aaa8baaaaaa88aaaaaaaa8aaaaaaaa88aaaaaad8aaa8aaaaaa8I
`Yb,   d8a, Ya      d8b,      8      ,d8b      aP ,a8b   ,dP'
  "Yb,dP "Ya "8,   dI "Yb,    8    ,dP" Ib   ,8" aP" Yb,dP"
    "Y8,   "YaI8, ,8'   "Yb,  8  ,dP"   `8, ,8IaP"   ,8P"
      "Yb,   `"Y8ad'      "Yb,8,dP"      `ba8P"'   ,dP"
        "Yb,    `"8,        "Y8P"        ,8"'    ,dP"
          "Yb,    `8,         8         ,8'    ,dP"
            "Yb,   `Ya        8        aP'   ,dP"
              "Yb,   "8,      8      ,8"   ,dP"
                "Yb,  `8,     8     ,8'  ,dP" 
                  "Yb, `Ya    8    aP' ,dP"   
                    "Yb, "8,  8  ,8" ,dP"
                      "Yb,`8, 8 ,8',dP"
                        "Yb,Ya8aP,dP"
                          "Y88888P"
                            "Y8P"
                              "

Free TON





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May 03, 2015, 07:46:06 AM
 #8

10 billion premine, 50000 empty blocks, pow that is 3% of the premine, 520 blocks to mature. You should kick me in the balls and punch my mama while you're at it.

The purpose of Grantcoin is to provide an economic incentive for socially and environmentally responsible businesses using cryptocurrency grants. The purpose is not to provide most of the distribution of the token to whoever has the most powerful mining rigs, which is what 100's of other cryptos are doing, and which doesn't produce any effect on the economic system or other socially relevant change.

Using the term "premine" reflects a particular view of what cryptocurrency should be, i.e. that it, by definition, is supposed to be primarily distributed through competitive mining. The Grantcoin project doesn't share that view. We created a currency reserve, donated it to a charitable nonprofit, and now we're going to distribute it to promote the socioeconomic vision and goals we believe in. Mining is a small aspect of the project (about 0.4% of total distribution) which is necessary to maintain the peer-to-peer network until there are a large number of holders, and then the more energy-efficient methodology of Proof of Stake will become the primary method. Even then, PoS will be just a small part of what this project is about.

If you'd like to consider the idea of a grant-based cryptocurrency from a business angle, and how this project ties in with growing trends in the broader economy beyond the existing crypto space, check out our business plan. There are many ways that cryptocurrency can be used, and Grantcoin has a clear vision and purpose which is different from most altcoins. If it's not for you, that's cool. But we're confident that many people will find value in it.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 03, 2015, 08:22:34 AM
 #9

not without me
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May 03, 2015, 08:32:32 AM
 #10

So you guys have some pent up anger at miners. I get it. There is 0 reason to mine this coin. Nothing about what you linked makes any sense for a PoW coin. Make it 100% PoS and stop insulting everyone's intelligence.






             ,gaaaaaaaagaaaaaaaaaaaaagaaaaaaaag,
           ,aP8b    _,dYba,       ,adPb,_    d8Ya,
         ,aP"  Yb_,dP"   "Yba, ,adP"   "Yb,_dP  "Ya,
       ,aP"    _88"         )888(         "88_    "Ya,
     ,aP"   _,dP"Yb      ,adP"8"Yba,      dP"Yb,_   "Ya,
   ,aPYb _,dP8    Yb  ,adP"   8   "Yba,  dP    8Yb,_ dPYa,
 ,aP"  YdP" dP     YbdP"      8      "YbdP     Yb "YbP  "Ya,
I8aaaaaa8aaa8baaaaaa88aaaaaaaa8aaaaaaaa88aaaaaad8aaa8aaaaaa8I
`Yb,   d8a, Ya      d8b,      8      ,d8b      aP ,a8b   ,dP'
  "Yb,dP "Ya "8,   dI "Yb,    8    ,dP" Ib   ,8" aP" Yb,dP"
    "Y8,   "YaI8, ,8'   "Yb,  8  ,dP"   `8, ,8IaP"   ,8P"
      "Yb,   `"Y8ad'      "Yb,8,dP"      `ba8P"'   ,dP"
        "Yb,    `"8,        "Y8P"        ,8"'    ,dP"
          "Yb,    `8,         8         ,8'    ,dP"
            "Yb,   `Ya        8        aP'   ,dP"
              "Yb,   "8,      8      ,8"   ,dP"
                "Yb,  `8,     8     ,8'  ,dP" 
                  "Yb, `Ya    8    aP' ,dP"   
                    "Yb, "8,  8  ,8" ,dP"
                      "Yb,`8, 8 ,8',dP"
                        "Yb,Ya8aP,dP"
                          "Y88888P"
                            "Y8P"
                              "

Free TON





PEER-TO-PEER MULTY-BLOCKCHAIN SYSTEM
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬TON SURF - OFFICIAL WALLET ▬▬▬▬





        ▄███████████████████▄
        █████████████████████
▄█████  █████████████████████
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TELEGRAM
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freebird
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May 03, 2015, 09:05:29 AM
 #11

So you guys have some pent up anger at miners. I get it. There is 0 reason to mine this coin. Nothing about what you linked makes any sense for a PoW coin. Make it 100% PoS and stop insulting everyone's intelligence.

We considered that option, but there are some advantages to starting with a PoW phase before switching to PoS.

Here's how we think of both the PoW and PoS rewards. It's like a bounty. Whoever wants to claim that bounty will earn about 0.4% of the total coins for about 5 or 6 months of mining this year. That bounty for maintaining our P2P network could go to a handful of miners, or hundreds of them, or who knows how many. Similarly, when we switch to PoS, there's a 1% per year reward, sort of like a bounty, for staking your wallet and thus helping to maintain the network.

This is one way to look at the role of mining and/or minting in a cryptocurrency. We have nothing against miners, as long as the role of mining in a currency is for a specific limited purpose and is rewarded accordingly, just like any other type of bounty for volunteers who assist the project in other ways.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 03, 2015, 11:11:22 AM
 #12

Is this coin a joke,a scam?there are no reason for mining it!!!
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May 03, 2015, 07:10:46 PM
 #13

Is this coin a joke,a scam?there are no reason for mining it!!!

Please take a look at the documentation we've released about the project, in the links provided in the opening post. After you do that, I don't think you'll think it's either a joke or a scam. Grantcoin is one of the most ethical and transparent projects in the crypto space.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 04, 2015, 09:14:40 AM
 #14

It was brought to our attention that the Grantcoin Foundation Policy documents on our website were incorrect links. We apologize for the error.

Here are the correct links to these documents:

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May 04, 2015, 09:47:41 PM
 #15

Will Grantcoin be a DCO/DAO?

If not then I highly recommend they take that route. Please don't repeat the mistakes of the Bitcoin foundation.

http://bollier.org/sites/default/files/misc-file-upload/files/DistributedNetworksandtheLaw%20report,%20Swarm-Coin%20Center-Berkman.pdf

This is particularly important for legal security, technical agility, technical and social resilience. These are my suggestions and if you'd like to discuss it more then I'll discuss it in PM.

I like the idea of the project overall and will look deeper into it to see if it makes sense.
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May 05, 2015, 01:17:29 AM
 #16

Will Grantcoin be a DCO/DAO?

If not then I highly recommend they take that route. Please don't repeat the mistakes of the Bitcoin foundation.

http://bollier.org/sites/default/files/misc-file-upload/files/DistributedNetworksandtheLaw%20report,%20Swarm-Coin%20Center-Berkman.pdf

This is particularly important for legal security, technical agility, technical and social resilience. These are my suggestions and if you'd like to discuss it more then I'll discuss it in PM.

I like the idea of the project overall and will look deeper into it to see if it makes sense.

I like the concept of a DAO in theory, but in practice it's difficult to implement for complex projects that require a lot of human free choice to make decisions and implement them. There may be aspects of a DAO that can work for Grantcoin, and those aspects should be explored to see how the project could benefit from that type of structure, such as by increasing resilience and minimizing single points of failure in the legal and technological realms.

Furthermore, some aspects of the Grantcoin project may be possible to automate, at least somewhat. For example, we may try to create standardized scoring systems for companies that apply for grants, to make the criteria uniform at least within each country. On the other hand, there are also aspects that require human input and review, such as audits of national and local grantmaking affiliates; decisionmaking about what the grant criteria should be in geographical areas with different economic conditions, laws and norms; and decisions at the national and local levels about how to allocate limited resources among various companies that meet the grant criteria.

Grantcoin is a people-powered currency, based on essentially the idea of crowdsourcing the distribution of a money supply within the boundaries of specific criteria to promote the values of sustainability. Or, to use a more old-fashioned term, a monetary democracy with a set of rules governing the people making the decisions. It's decentralized in that the decisionmaking will occur primarily in local communities, by people who directly know the small businesses in their communities and whether they are doing good for the people there or harming the local community and environment.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 06, 2015, 04:11:00 AM
 #17

okay I have a feeling this is going to be a near immediate pump and dump on may 15th when GRT ripple trade goes live. Count me in. Im putting in a buy order now, how does one know what the value is exactly? am i just going to guess what itll be then? there wasnt any pre-sale it doesnt look like so I dont really have any bench mark.
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May 06, 2015, 04:21:34 AM
 #18

seems interesting.. will look into this later.

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May 06, 2015, 04:53:48 AM
Last edit: May 06, 2015, 05:52:34 AM by freebird
 #19

okay I have a feeling this is going to be a near immediate pump and dump on may 15th when GRT ripple trade goes live. Count me in. Im putting in a buy order now, how does one know what the value is exactly? am i just going to guess what itll be then? there wasnt any pre-sale it doesnt look like so I dont really have any bench mark.

$17,500 in capital has already been raised from sales of the tokens to founders and a few other investors, before the existence of Grantcoin was announced publicly. The largest pre-market purchase came from a small private investment company owned by 17 shareholders (disclosure: I am one of them). That sale occurred at the price of $0.000075 USD per GRT.

The Grantcoin Foundation will start selling GRT on exchanges at an opening price of $0.0001 USD, or 0.00000050 BTC, or approximate equivalent in other currencies. There will be amounts for sale at ascending prices, so that when the amount available at one price is sold out, then buyers will have to buy at the next higher price unless people choose to dump.

The current draft of the sales plan is available in this spreadsheet. You will notice that much more GRT is available for sale at higher prices than at lower prices. It's designed that way deliberately, for two reasons:

1. Motivate people to buy at the beginning to get a good price while we're still selling it cheap. If this occurs, it will quickly capitalize the Grantcoin Foundation and enable us to run this project with a high level of professionalism, bring in high-caliber developer talent, afford a strong marketing campaign, etc. Please see Appendix B of our business plan for 4 different levels of budgets, explaining what the money will be spent on, based on how much money we raise.

2. As time goes on, more and more people will be discovering Grantcoin and therefore the network effect should support more units of the token being sold at higher prices after those prices are attained.

One caveat: If sales don't go as expected, or the growth rate of the Grantcoin community is slower than expected, the Foundation may hold back some of the GRT currently planned to be sold, so that there wouldn't be too much resistance on the price. One of the great things about having an organization selling a token is that the organization can use good judgment about how much to sell, when, and for what price. Our team will continually monitor market conditions to make sure that planned sales are not overburdening the market at any given time.

Finally, a very important point: Founders are strictly prohibited by the Grantcoin Foundation Ethics Policy from selling large amounts of the currency unless they publicly disclose their planned sale ahead of time. None of the founders have any plans to sell any, that I know of, for at least a year or two (and even then only small amounts if at all). We all believe in this project and don't want to do anything to jeopardize its success.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 06, 2015, 05:08:57 AM
 #20

@freebird, thank you! is there a link to all of this? and the Excel is empty? how do i get in on the first patch, is it through rippletrade? can I enter an order now? what are the following prices? also you may want to push the rippletrade roll out a bit. RL is having everyone migrate their wallets by the 1st, could be some issues. https://idripple.com/
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May 06, 2015, 05:15:14 AM
 #21

@freebird, thank you! is there a link to all of this? and the Excel is empty? how do i get in on the first patch? can I enter an order now? what is the lowest initial sale price? what are the following prices?

There are multiple sheets in the Excel file. First sheet is on-market sales that have already occured (therefore nothing there yet), other sheets in the spreadsheet are planned sales.

We still have to decide how to distribute the planned sales among the various Ripple markets for different currencies. We'll probably do it by GDP of each national currency, so US Dollars and Euros would be the biggest ones, but our Board of Directors hadn't made a decision about this yet and it'll be discussed at our next meeting which is tomorrow. We'll try to put out an updated spreadsheet with planned sales broken down by each currency before trading begins.

Also, as I mentioned, the sales at higher prices, let's say beyond about 10x the opening price, might be reduced if the market can't handle it. It all depends on how much buying interest there is. Our current sales plan reflects what we'd like to see happen, but details are subject to change based on what would be the best course of action to balance the financial needs of the organization with the interest of investors and merchants to have a stable and well-supported price.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 06, 2015, 05:18:28 AM
 #22

Oh, and yes, trading will open first on Ripple Trade. We'd like to get on a significant Bitcoin exchange like Bittrex or Poloniex around the same time too, preferably the exact same day, but that's harder to predict because they make their decisions based on perceived demand which is a vague measurement. I hope the 250+ Twitter followers we've gotten in the first 5 days since launch will help sway their decision. Smiley

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May 06, 2015, 05:20:11 AM
 #23

you may want to push the rippletrade roll out a bit. RL is having everyone migrate their wallets by the 1st, could be some issues. https://idripple.com/

Thanks for the heads up. We'll have to look into this. Our partners in the Ripple community (One Million Gateways and Rippex) should be able to give us some good advice on whether we should delay trading.

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May 06, 2015, 05:20:26 AM
 #24

okay so I just entered a $25 order on ripple trade for GRT.Grantcoin. So Ill be good for that at the release? also, out of curiousity, how do you guys know you have enough attention to roll out less than 15 days after the announcement that grantcoin even exists?
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May 06, 2015, 05:23:39 AM
 #25

okay so I just entered a $25 order on ripple trade for GRT.Grantcoin. So Ill be good for that at the release?

If you establish a trust line with ~Grantcoin for GRT, it should be good to go. For $USD the trading pair where we'll be selling the tokens is USD.SnapSwap, so that's the market I recommend placing your order on.

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May 06, 2015, 05:27:25 AM
 #26

also, out of curiousity, how do you guys know you have enough attention to roll out less than 15 days after the announcement that grantcoin even exists?

Can't be sure. But we were already interviewed on Let's Talk Bitcoin and we're being recorded for another interview with Bitcoins and Gravy next week, and we're doing aggressive promotion on Twitter, and also the mining reward jumps up a LOT in about 1 week from now. So, with all those things, hopefully it'll be enough attention to get some buying to happen. If the buying doesn't happen as quickly as hoped, it's all cool, it'll happen whenever the right people find out about Grantcoin. Smiley

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May 06, 2015, 05:33:09 AM
 #27

can you send me the link to the interviews and your twitter?
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May 06, 2015, 05:36:25 AM
 #28

can you send me the link to the interviews and your twitter?


Let's Talk Bitcoin interview here.

Twitter @Grantcoin

Bitcoins and Gravy interview will be recorded next week.

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May 06, 2015, 08:08:07 PM
 #29

is this the best place to look for updates?
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May 07, 2015, 01:32:41 AM
 #30

is this the best place to look for updates?

Yeah, we'll be keeping this thread regularly updated. Also our Twitter account.

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May 07, 2015, 02:05:47 AM
Last edit: May 07, 2015, 02:20:38 AM by atrostophe
 #31

this will 100% turn out to be a scam i promise you

money can never have a concience lol
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May 07, 2015, 02:47:52 AM
 #32

money can never have a concience lol

"The people can never have a seat in government; only the king can rule." -- England, pre-Magna Carta.

"Black people can never be free citizens." -- America, pre-Civil War

"Women can never have the right to vote." -- America, pre-19th Amendment

"[Insert one of dozens of countries here] can never be an independent country; the British Empire will reign." -- all over the world until the mid 20th century

"Gay people can never marry." -- America, a few years ago

So, what does history tell us? That features of society evolve, and things that seem impossible can become possible because people with a conscience decide to make the right thing happen. Who's to say that a more ethical type of money is impossible or can never happen?

And if it were a scam, why would the people involved be using their real names?

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May 07, 2015, 07:59:32 AM
 #33

this will 100% turn out to be a scam i promise you

money can never have a concience lol

Unless money has a common interest with conscience (i.e. a good that happens to make profit and be marketable.)
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May 07, 2015, 05:08:43 PM
 #34

money can never have a concience lol

"The people can never have a seat in government; only the king can rule." -- England, pre-Magna Carta.

"Black people can never be free citizens." -- America, pre-Civil War

"Women can never have the right to vote." -- America, pre-19th Amendment

"[Insert one of dozens of countries here] can never be an independent country; the British Empire will reign." -- all over the world until the mid 20th century

"Gay people can never marry." -- America, a few years ago

So, what does history tell us? That features of society evolve, and things that seem impossible can become possible because people with a conscience decide to make the right thing happen. Who's to say that a more ethical type of money is impossible or can never happen?

And if it were a scam, why would the people involved be using their real names?


money is a different game entirely from people and colonies and rights lol theres no comparison, money cant be fair or it would have no worth or value so use a bit of common sense

how legit are these people though? theres no links/proof theres just some writing saying what they do, how many coins do you know that turned out to be a success that had a public face right from the start (maybe ie's bytecent but even that perished a little)

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May 07, 2015, 06:17:32 PM
 #35

I hoped to get more information about the new proof-of-participation concept from the whitepaper, but I only found superficial description about it. Can you provide some more "mathmatical" information?

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May 07, 2015, 07:42:26 PM
 #36

what time do the coins release on the 15th?
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May 07, 2015, 11:28:31 PM
 #37

I hoped to get more information about the new proof-of-participation concept from the whitepaper, but I only found superficial description about it. Can you provide some more "mathmatical" information?

The proof-of-participation grants to businesses will be made based on a process of (1) application, (2) qualification, (3) discretion by the Foundation and its national and local affiliates. So, here's an example of how it would go:

1. Companies A, B, and C apply for a grant. They each submit information about their company's activities and business practices according to a template provided by the Foundation.

2. Each company's application is scored according to a scoring system. This is where mathematics will come in. Let's say Company A scores 60/100, Company B scores 85/100, and Company C scores 40/100. Let's say 50/100 is set by the Foundation as the threshold to qualify for a grant, so in this case Company A and B would qualify, but Company C would be eliminated from consideration.

3. Now the grantmaking institution has to decide how much Grantcoin to give to Company A and B. Let's say it's two local businesses in a particular city. So the members of the local affilate of the Grantcoin Foundation in that city would discuss those companies and their merits, and would decide how much to grant to each one.

In terms of the specific qualifications and scoring system, the details have yet to be determined. But in broad terms, it will be based on what's called the Triple Bottom Line, which means companies have to demonstrate evidence that they are profitable, that they are respecting people, and respecting the environment. Companies will be scored in all three of those areas. Within each area there will be more specific criteria. Here is a rough overview from the first draft of our Policy on Grantbanks (national/local grantmaking affiliates):

Quote
6.   Potential recipients of business grants as defined in section 5 above must submit to the Grantbank an application detailing its value or success in all three aspects of the triple bottom line: humanitarian value (positive effect on people and community), environmental value (positive effect on the planet and ecosystem), and economic value (profitability). This may include descriptions of business practices and policies, certifications received, financial data, and other relevant information. At minimum, the applicant must address these areas:
a.   Humanitarian:
i.   Degree of ownership by employees, and opportunities to earn equity or participate in decision-making in the organization, if any.
ii.   Presence of labor unions, if any, and policies in that regard.
iii.   Employee compensation and benefits compared to similar businesses in the same or similar locations.
iv.   Degree of inequality of pay scale and benefits for highest and lowest employees.
v.   Degree of reliance on temporary or part-time labor without benefits.
vi.   Steps taken to source inputs through fair trade imports, if applicable.
vii.   Steps taken to source inputs from companies with humanitarian practices, e.g. avoiding or reducing inputs produced by child labor or other forms of exploitation of workers.
viii.   Participation in community service and charitable donations and activities.
b.   Environmental:
i.   Steps taken to reduce carbon footprint.
ii.   Steps taken to reduce pollution and industrial or consumer waste.
iii.   Policies and practices regarding agriculture, forestry, or animal husbandry, e.g. organic, sustainable, non-GMO, cruelty-free, etc., if applicable.
iv.   Steps taken to source inputs from environmentally responsible companies.
v.   Charitable donations and activities to help the environment.
c.   Economic:
i.   Current revenue, expenses, and profitability (at least breaking even?).
ii.   Revenue trend (growing or declining?).
iii.   Profitability trend (growing or declining?).

The specific granular details of the application, scoring criteria, formulas, and process, are yet to be determined. The Grantcoin Foundation will be building relationships with certifying bodies that have already developed methods for scoring the sustainability of businesses, to learn from their expertise and develop the details of our business grant program accordingly.
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May 07, 2015, 11:47:39 PM
 #38

what time do the coins release on the 15th?

The time hasn't been decided yet. Keep following this thread for more detailed info and updates as the date approaches.
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May 10, 2015, 04:01:34 AM
 #39

Grantcoin Foundation Partners with Rippex to Bring Grantcoin to Brazil

The Grantcoin Foundation is pleased to announce our partnership with Rippex, a Ripple gateway based in Brazil. The Foundation will establish a market on Ripple Trade for users to trade Grantcoin for Brazilian reals using the BRL.Rippex token, which represents the Brazilian currency on the Ripple platform.

Rippex will help the Grantcoin Foundation find organizations and businesses in Brazil whose values align with Grantcoin, and other opportunities to spread the word about Grantcoin in this important emerging market. Brazil is the largest economy in South America and the seventh-largest economy in the world by GDP.

"We're excited to build a mutually beneficial relationship with the premier Ripple gateway in South America," said Eric Stetson, Executive Director of the Grantcoin Foundation. "We look forward to providing a GRT/BRL market with Rippex, and working together to raise awareness about Grantcoin among socially and environmentally conscious people and organizations in Brazil."
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May 10, 2015, 06:33:45 PM
 #40

Attention: Miners start your engines! Grantcoin has passed block 50,000. The block reward is now 6.25 GRT per block. It will double every 1,000 blocks until it reaches 400 GRT per block.
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May 10, 2015, 06:35:35 PM
 #41

Could you add https://grt.suprnova.cc to the list of pools ?

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
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May 10, 2015, 06:41:23 PM
 #42

Could you add https://grt.suprnova.cc to the list of pools ?

Sure, thanks for launching the pool! Added link to opening post. Will share on Twitter and our website.
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May 10, 2015, 10:26:28 PM
 #43

Mining reward now at 12.5 GRT per block. Next doubling at block 52,000. Follow the action at https://chainz.cryptoid.info/grt/
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May 11, 2015, 12:59:10 AM
 #44

Mining reward now 25 GRT per block. Next doubling at block 53,000.
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May 11, 2015, 02:38:30 AM
 #45

engines got hooked up to the chain, wondering if you guys are working on the exchange sides ?

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May 11, 2015, 03:05:21 AM
 #46

engines got hooked up to the chain, wondering if you guys are working on the exchange sides ?

Yeah, one exchange has already expressed interest in opening a GRT/BTC market for us. We're also looking into a couple of bigger exchanges. Should have some definitive info within the next few days.

Ripple markets will also be available but might have to be postponed until after May 15, because we found a UI bug in the Ripple Trade order book which could cause confusion for users. We've been in discussions with developers at Ripple Labs and they will try to get this issue fixed as soon as possible so that we can establish our markets on there.

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May 11, 2015, 03:51:12 AM
 #47

engines got hooked up to the chain, wondering if you guys are working on the exchange sides ?

Yeah, one exchange has already expressed interest in opening a GRT/BTC market for us. We're also looking into a couple of bigger exchanges. Should have some definitive info within the next few days.

Ripple markets will also be available but might have to be postponed until after May 15, because we found a UI bug in the Ripple Trade order book which could cause confusion for users. We've been in discussions with developers at Ripple Labs and they will try to get this issue fixed as soon as possible so that we can establish our markets on there.

good to hear that.
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May 11, 2015, 05:52:58 AM
 #48

engines got hooked up to the chain, wondering if you guys are working on the exchange sides ?

Yeah, one exchange has already expressed interest in opening a GRT/BTC market for us. We're also looking into a couple of bigger exchanges. Should have some definitive info within the next few days.

Ripple markets will also be available but might have to be postponed until after May 15, because we found a UI bug in the Ripple Trade order book which could cause confusion for users. We've been in discussions with developers at Ripple Labs and they will try to get this issue fixed as soon as possible so that we can establish our markets on there.

thx for the detailed updates

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May 11, 2015, 06:09:26 PM
 #49

Mining reward 50 GRT per block. Next doubling at block 54,000.
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May 11, 2015, 06:22:29 PM
 #50

Attention: Miners start your engines! Grantcoin has passed block 50,000. The block reward is now 6.25 GRT per block. It will double every 1,000 blocks until it reaches 400 GRT per block.

After it reaches 400 GRT per block will it stay at that block reward permanently?
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May 11, 2015, 06:37:57 PM
 #51

Attention: Miners start your engines! Grantcoin has passed block 50,000. The block reward is now 6.25 GRT per block. It will double every 1,000 blocks until it reaches 400 GRT per block.

After it reaches 400 GRT per block will it stay at that block reward permanently?

No, it will stay at 400 until block 100,000 and then will begin halving every 50,000 blocks. We plan to switch to Proof of Stake after 6 months or so. The best time to mine this coin will be the next couple of months.
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May 11, 2015, 06:40:42 PM
 #52


No, it will stay at 400 until block 100,000 and then will begin halving every 50,000 blocks. We plan to switch to Proof of Stake after 6 months or so. The best time to mine this coin will be the next couple of months.

1 S1 already dedicated for the purpose, i dont know why my guts are telling me to do it  Tongue

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May 12, 2015, 02:57:45 AM
 #53

Shit shit shit! NEXT PLEASE Grin
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May 12, 2015, 04:23:04 AM
 #54


No, it will stay at 400 until block 100,000 and then will begin halving every 50,000 blocks. We plan to switch to Proof of Stake after 6 months or so. The best time to mine this coin will be the next couple of months.

1 S1 already dedicated for the purpose, i dont know why my guts are telling me to do it  Tongue

Thanks for mining. Sometimes it's good to trust your gut. And also to do your due diligence. In this case, I think the two will lead you to the same conclusion. Smiley

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May 12, 2015, 04:23:44 AM
 #55

Shit shit shit! NEXT PLEASE Grin

Bathrooms down the hall, next thread over. Grin

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May 12, 2015, 06:06:19 AM
 #56

FYI, the Grantcoin business plan has been updated to version 1.1. Revised sales plan to break up the planned sales into three phases with price consolidation zones in between. See Appendix A in the document.

A complete sales plan spreadsheet including planned sales broken down by various exchanges and currency pairs should be available in the next couple days.
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May 12, 2015, 08:06:18 AM
 #57

Great concept, we've added a pool for this project:

https://grt.maxminers.net

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May 12, 2015, 08:29:55 AM
 #58

why coin no confirms, SCAAAAM ? Huh
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May 12, 2015, 09:16:45 AM
 #59

Great concept, we've added a pool for this project:

https://grt.maxminers.net

Thanks! Added to opening post. Please fix link at bottom of this page: https://grt.maxminers.net/index.php?page=gettingstarted. Website for wallet downloads should be http://www.grantcoin.org
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May 12, 2015, 09:31:32 AM
 #60

Great concept, we've added a pool for this project:

https://grt.maxminers.net

Thanks! Added to opening post. Please fix link at bottom of this page: https://grt.maxminers.net/index.php?page=gettingstarted. Website for wallet downloads should be http://www.grantcoin.org

thanks, fixed
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May 12, 2015, 09:56:39 AM
 #61

Any GIT/Bitbucket link? Can't find it.

 
                                . ██████████.
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       ..████████████████████████████████████████████████████████████..
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.YoBit AirDrop $.|.Get 700 YoDollars for Free!.🏆
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May 12, 2015, 10:15:04 AM
 #62

Any GIT/Bitbucket link? Can't find it.

https://github.com/grantcoin/grantcoin
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May 12, 2015, 10:37:15 AM
Last edit: May 12, 2015, 10:51:47 AM by YoBit
 #63

IPv6 does'nt work. Seems like there is no IPv6 support, I will recheck it later.

 
                                . ██████████.
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May 12, 2015, 11:32:06 AM
 #64

IPv6 does'nt work. Seems like there is no IPv6 support, I will recheck it later.

That's correct. Grantcoin is based on the Peercoin codebase, which takes a conservative approach to adding these kind of advanced features. We have already been adding more features that aren't in the official code of Peercoin, whenever somebody expresses to us why a particular feature would enable more functionality that we would like to have. So, we'd be happy to hear your thoughts on what benefits our coin would gain from adding IPv6, and we'll consider it. Thanks.
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May 12, 2015, 11:40:13 AM
 #65

Mining reward now 100 GRT per block. Next doubling at block 55,000.
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May 12, 2015, 05:04:54 PM
 #66

Hi,

You coin sounds very interesting, but you mentioned that you found a UI bug. Do you have a report on this bug that you can publish on BTC Forum? Will clear any doubts people have about your coin and foundation.

Thanks.

Soleri
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May 12, 2015, 07:44:39 PM
 #67

Hi,

You coin sounds very interesting, but you mentioned that you found a UI bug. Do you have a report on this bug that you can publish on BTC Forum? Will clear any doubts people have about your coin and foundation.

Thanks.

Soleri

Hi Soleri, here is our Ripple bug report which is being looked into by Ripple Labs staff: https://ripplelabs.atlassian.net/browse/RT-3419

We will delay launch of our markets on Ripple until after we're 100% sure that the bug is resolved and after we discuss with our IT security advisor about setting up our cold/warm/hot wallet infrastructure with best practices. It will probably be another couple of weeks, to be safe.

Meanwhile, we will have markets on two BTC exchanges which are expected to open this Friday, May 15. More info on that will be announced tonight or tomorrow.
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May 12, 2015, 11:02:59 PM
 #68

The Grantcoin Foundation is pleased to announce that SouthXchange will add a GRT/BTC market starting on Friday, May 15. See their announcement on Twitter here.

SouthXchange is a new exchange based in Argentina, with both a Spanish and English UI. We have discussed with the admin of the exchange about their plans to grow and expand, and he says they plan to add support for fiat currencies soon, starting with the Argentine Peso.

Grantcoin will also be on another BTC exchange soon, and we will post another update here when we know for sure what date that other market will be added.
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May 13, 2015, 01:17:33 AM
 #69

Thanks. That is very reassuring! Waiting for distribution to appear in Ripple Trade! 
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May 13, 2015, 01:22:55 AM
 #70

We are happy to have Grantcoin in our exchange! GRT/BTC market will be launched on Friday, May 15 at 7:30 AM EST (11:30 AM UTC). As of this writing you can already deposit and withdraw GRT.

Happy trading!

SouthXchange
https://www.southxchange.com/
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May 13, 2015, 03:32:27 AM
 #71

Will GRT still release at .0001 on rippletrade despite the delay and regardless of the value rising or falling on any of the markets it opens on on the 15th?
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May 13, 2015, 03:52:06 AM
 #72

Will GRT still release at .0001 on rippletrade despite the delay and regardless of the value rising or falling on any of the markets it opens on on the 15th?

Yes, because we want Ripple users to have an equal chance to buy GRT at low prices. We don't want to show favoritism to either Bitcoin users or Ripple users.

The Bitcoin/altcoin community and the Ripple community don't seem to interact much. We hope that will change as Ripple Trade continues to evolve and more altcoins presumably will open markets there. Grantcoin is at the forefront of what we hope will be a trend of increasing integration of altcoins with the Ripple platform. The ability to trade directly with fiat currencies is something that most altcoins don't have, but it's something that the average person who isn't already into crypto would demand as a prerequisite for their involvement.
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May 13, 2015, 06:53:04 PM
 #73

Block reward now 200 GRT. Next and final doubling to 400 GRT at block 56,000.
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May 13, 2015, 10:18:46 PM
 #74

Block reward now 200 GRT. Next and final doubling to 400 GRT at block 56,000.
lets go mining  Wink
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May 14, 2015, 03:02:30 AM
 #75

The Grantcoin Foundation is pleased to announce that Grantcoin will be listed for trading on Bittrex starting on Friday, May 15.
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May 14, 2015, 08:51:46 AM
 #76

Grantcoin Foundation Releases Updated Sales Plan; Trading to Begin on May 15

The Grantcoin Foundation has released a revised version of the Grantcoin sales plan (.xlsx spreadsheet) with a detailed breakdown of planned sales on three exchanges and 13 currency trading pairs. Phase One of the plan calls for 200 million GRT, or 2% of the total Grantcoin currency reserve, to be sold on exchanges to raise a goal of $110,000. This funding will enable the Foundation to pay for important expenses for software development, marketing, and professional management of the project in its crucial first year.

Starting on May 15, Grantcoin will be listed for trading on Bittrex, a major U.S.-based Bitcoin/altcoin exchange. On the same day, a GRT/BTC market will also open on SouthXchange, a new exchange based in Argentina, which offers a user interface in both Spanish and English.

The Grantcoin Foundation also plans to open over a dozen markets on Ripple Trade in the near future. Ripple enables direct trading between cryptocurrencies and fiat currencies such as the U.S. Dollar, the Euro, and more. We have been consulting with Ripple Labs staff and other developers with expert knowledge of the Ripple platform to prepare for launch of our Ripple markets according to the highest standards of security and best practices. We expect to open these markets by the end of May.

"As we have transparently disclosed in the Grantcoin reserve distribution plan, the overwhelming majority of Grantcoin tokens will be given away as charitable grants, not sold," said Eric Stetson, Executive Director of the Grantcoin Foundation. "But like many nonprofit organizations that need to sell assets to raise funding for their operations so that they can achieve their charitable mission, the Grantcoin Foundation will sell a small percentage of the Grantcoin digital assets we hold."

Grantcoin is not an equity or security, and holders of Grantcoin do not receive any dividends or voting rights in the Grantcoin organization from their ownership of the token. The Grantcoin Foundation does not promote Grantcoin as a speculative investment. The Foundation invites all potential buyers to study the extensive documentation that has been published about Grantcoin on our website, grantcoin.org, and to read our legal disclaimer before purchasing or using Grantcoin tokens or software.
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May 14, 2015, 09:26:13 AM
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so you are dumping 75,000,000 on Bittrex on Friday......
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May 14, 2015, 09:28:59 AM
 #78

Grantcoin Foundation Releases Updated Sales Plan; Trading to Begin on May 15

The Grantcoin Foundation has released a revised version of the Grantcoin sales plan (.xlsx spreadsheet) with a detailed breakdown of planned sales on three exchanges and 13 currency trading pairs. Phase One of the plan calls for 200 million GRT, or 2% of the total Grantcoin currency reserve, to be sold on exchanges to raise a goal of $110,000. This funding will enable the Foundation to pay for important expenses for software development, marketing, and professional management of the project in its crucial first year.

Starting on May 15, Grantcoin will be listed for trading on Bittrex, a major U.S.-based Bitcoin/altcoin exchange. On the same day, a GRT/BTC market will also open on SouthXchange, a new exchange based in Argentina, which offers a user interface in both Spanish and English.

The Grantcoin Foundation also plans to open over a dozen markets on Ripple Trade in the near future. Ripple enables direct trading between cryptocurrencies and fiat currencies such as the U.S. Dollar, the Euro, and more. We have been consulting with Ripple Labs staff and other developers with expert knowledge of the Ripple platform to prepare for launch of our Ripple markets according to the highest standards of security and best practices. We expect to open these markets by the end of May.

"As we have transparently disclosed in the Grantcoin reserve distribution plan, the overwhelming majority of Grantcoin tokens will be given away as charitable grants, not sold," said Eric Stetson, Executive Director of the Grantcoin Foundation. "But like many nonprofit organizations that need to sell assets to raise funding for their operations so that they can achieve their charitable mission, the Grantcoin Foundation will sell a small percentage of the Grantcoin digital assets we hold."

Grantcoin is not an equity or security, and holders of Grantcoin do not receive any dividends or voting rights in the Grantcoin organization from their ownership of the token. The Grantcoin Foundation does not promote Grantcoin as a speculative investment. The Foundation invites all potential buyers to study the extensive documentation that has been published about Grantcoin on our website, grantcoin.org, and to read our legal disclaimer before purchasing or using Grantcoin tokens or software.
thankyou for update,,good news excange to relase in bittrex  Smiley Kiss
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May 14, 2015, 09:37:44 AM
 #79

so you are dumping 75,000,000 on Bittrex on Friday......

Actually, our sales plan doesn't call for any dumping. The sales will be put on each of the markets at specific prices which are shown in the spreadsheet, and the sell orders will sit there until somebody buys them.

For Bittrex specifically, Phase One sells will go like this:

Grantcoin in Lot    Price (BTC)    Funds Raised (BTC)
7,500,000             0.00000050    3.75000000
7,500,000             0.00000100    7.50000000
7,500,000             0.00000150    11.25000000
7,500,000             0.00000200    15.00000000
7,500,000             0.00000250    18.75000000
7,500,000             0.00000300    22.50000000
7,500,000             0.00000350    26.25000000
7,500,000             0.00000400    30.00000000
7,500,000             0.00000450    33.75000000
7,500,000             0.00000500    37.50000000
75,000,000 total GRT                   206.25000000 total BTC
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May 14, 2015, 09:41:32 AM
 #80

ok, that looks like a more fair spread,
cheers
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May 14, 2015, 09:43:23 AM
 #81

thankyou for update,,good news excange to relase in bittrex  Smiley Kiss

Thank you for your support! Smiley
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May 14, 2015, 09:46:54 AM
 #82

you have really hopeful finance plan

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May 14, 2015, 09:47:55 AM
 #83

ok, that looks like a more fair spread,
cheers

Yeah, we'd never just dump, that wouldn't meet our goals anyway. We're trying to create an order book where the price can gradually move up and enable our project to get more funding, so the buyers will be happy and the project leaders will be happy. And the quality of development of the project will be directly related to how much funding we raise, so it's pretty much in everyone's best interest for Phase One to get sold out, for anyone who likes this project and wants to see it grow and develop. But we have no idea of course how long the sale will take. The free market will tell the tale. Smiley
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May 14, 2015, 09:54:28 AM
 #84

how can you tell which orders are placed first in the ripple trade order book?
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May 14, 2015, 09:57:06 AM
 #85

you have really hopeful finance plan

It's optimistic. But we've divided it into phases so that people can see what we accomplish with the Phase One funding, or even partial sale of Phase One. The way we plan to use the money is described in our business plan. And if people like what they see that we're doing to keep moving this project forward over the coming months, using the funding people put in, then it may be possible to get to Phase Two, and eventually Phase Three. Realistically we're thinking a couple of years to sell out all the phases. There are lots of factors that could make it happen either faster or slower, and we'll see how it all unfolds. Our team will keep providing frequent updates and uphold a highly transparent way of running our operations, so people can see where the money is going and the value being added to the project as a result.
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May 14, 2015, 10:00:53 AM
 #86

also, what is your end goal for the value of GRT? or atleast where do you guys want the value to be in the next few years? with 10 billion it cant be that high?
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May 14, 2015, 10:01:03 AM
 #87

how can you tell which orders are placed first in the ripple trade order book?

There might be a way to find out that information in the Ripple public ledger. I'm not sure, but we'll look into it. We're actually having a meeting with some Ripple gateway devs tomorrow, and we can ask them about that.
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May 14, 2015, 10:08:05 AM
 #88

also, what is your end goal for the value of GRT? or atleast where do you guys want the value to be in the next few years? with 10 billion it cant be that high?

If we get to a couple of cents that would put us in the category of top-tier altcoins. If we can achieve that in a couple years, that would position Grantcoin for the future as one of the premier cryptocurrencies. But there are so many factors of uncertainty about how the entire crypto space will evolve, and the evolution of this project specifically, that we wouldn't want to try to speculate much on where the price could end up.

Having said that, the documentation we've already released about our plans for this project, and the money we've already raised, should tell anyone who studies Grantcoin so far, that we are aiming for a professional quality project which can compete with the big coins down the road. Getting more funding will be a necessary part of the process of reaching our goals for this coin.
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May 14, 2015, 05:25:49 PM
 #89

Block reward has reached 400 GRT. That's the maximum it will ever be. It'll stay there until block 100,000 and then halve every 50,000 blocks.

Thank you to all of our miners!
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May 14, 2015, 07:25:43 PM
 #90

seems your project is getting a spotlight, GL guys again for the work and cause

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May 15, 2015, 05:31:18 AM
 #91

seems your project is getting a spotlight, GL guys again for the work and cause

Thank you!
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May 15, 2015, 05:34:56 AM
 #92

The three founders of Grantcoin were interviewed by John Barrett on Bitcoins and Gravy. We think it went well. Smiley The interview is expected to be released on Sunday night or Monday.
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May 15, 2015, 07:30:40 AM
 #93

Does The Grantcoin Foundation only care about helping businesses and companies?

What about "people" that are in serious financial need for things like healthcare, food, clothing, education, transportation etc...?

We need a coin that will help people in "serious need" not just businesses.

In your Youtube video you mention growing inequality, human well being and that Grantcoin is "Powered by the People", but you only help companies and businesses? Do you see my point?




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May 15, 2015, 08:15:15 AM
 #94

Does The Grantcoin Foundation only care about helping businesses and companies?

What about "people" that are in serious financial need for things like healthcare, food, clothing, education, transportation etc...?

We need a coin that will help people in "serious need" not just businesses.

In your Youtube video you mention growing inequality, human well being and that Grantcoin is "Powered by the People", but you only help companies and businesses? Do you see my point?

I see your point, and certainly helping impoverished people directly is a worthy goal. But here are a couple of other points to consider:

1. The Grantcoin project is trying to shift the incentives in the economy away from the "profit only" model towards a balance between profitability and other values such as social good and environmental protection. Grantcoin business grants are an economic incentive program to reward companies that are doing business this way. If Grantcoin catches on, it could become a significant financial incentive and some businesses might change their behavior in order to qualify for grants of the currency. This would actually move the economy in the direction of sustainability. It could change the norms of how business is done. Grants to individuals in poverty, while a noble act, would not produce this systemic shift in the economy that Grantcoin is trying to create.

2. For a cryptocurrency to gain value, it has to catch on with businesses, not just individuals. Business adoption is a major driver of value of any alternative currency. If there's nowhere to spend it, then it's nothing more than a speculative pump which will eventually be dumped. Therefore, Grantcoin is focused on appealing to businesses that have values that match the Grantcoin economic vision, so that these businesses will adopt Grantcoin as a payment method for their customers. Giving grants to businesses, like a good corporate citizen rewards program, will encourage these kind of businesses to allow customers to pay with Grantcoin -- especially because, under our "Proof of Participation" system, businesses will not only have to meet criteria of sustainability, but they will also have to accept Grantcoin as a form of payment in order to qualify to receive grants of the currency from the Grantcoin Foundation.

Having said that, 8% of the Grantcoin currency reserve will be granted to individuals as part of our #GrantMe program, in these categories:

  • Sustainability Pioneers — Small-scale organic farmers, renewable energy generators, and others who are putting green, sustainable values into practice.
  • Young Visionaries — Students and young people who aspire to build lives and careers of conscience and are taking concrete steps to pursue their dreams.
  • Everyday Heroes — Regular folks who work tirelessly, in their own families, careers, and communities, to help people and make the world a more compassionate and decent place.
  • Artists and Musicians — People who are using the arts and music to bring out the best in human beings and inspire the spread of beautiful ideas and actions.

Another 2% will be granted to Charities and Nonprofits as part of the same program — Any organizations focused on helping people and the planet and creating a better future, e.g. fighting poverty and disease, expanding education, promoting sustainable economic development, protecting and preserving the environment, defending human rights or the rights of animals and the ecosystem, and more.

Also there is a Founder's Charity Fund which will be 0.5% of the distribution.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 15, 2015, 11:35:42 AM
 #95

We are pleased to announce that market GRT/BTC is now open in SouthXchange. You can get your Grantcoins here:

https://www.southxchange.com/Market/Book/GRT/BTC

Happy trading!
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May 15, 2015, 11:43:14 AM
 #96

just bought 200000 on southxchange

will buy more

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May 15, 2015, 06:51:03 PM
 #97

We are pleased to announce that market GRT/BTC is now open in SouthXchange. You can get your Grantcoins here:

https://www.southxchange.com/Market/Book/GRT/BTC

Happy trading!

Thank you!

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 15, 2015, 06:51:32 PM
 #98

just bought 200000 on southxchange

will buy more

Thanks for your support!

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 16, 2015, 12:19:07 AM
 #99

Grantcoin market was briefly launched on Bittrex but has been disabled, because it was accidentally launched with the wrong ticker symbol.

Bittrex staff says they will correct it and reopen the market soon. We will post another update here to let you know when it's opened. Thank you for your patience.
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May 16, 2015, 01:10:29 AM
 #100

Grantcoin market was briefly launched on Bittrex but has been disabled, because it was accidentally launched with the wrong ticker symbol.

Bittrex staff says they will correct it and reopen the market soon. We will post another update here to let you know when it's opened. Thank you for your patience.

appreciate for the updates could you pls update OP accordingly since southxchange is still missing from your website and OP Smiley

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May 16, 2015, 03:52:53 AM
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Grantcoin market was briefly launched on Bittrex but has been disabled, because it was accidentally launched with the wrong ticker symbol.

Bittrex staff says they will correct it and reopen the market soon. We will post another update here to let you know when it's opened. Thank you for your patience.

appreciate for the updates could you pls update OP accordingly since southxchange is still missing from your website and OP Smiley

Done. Smiley
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May 16, 2015, 03:58:26 AM
 #102

Bittrex market is up and running now: https://bittrex.com/Market/Index?MarketName=BTC-GRT

Happy to see some buying action already. Please everyone do your due diligence, and if you like what you see with this project, feel free to purchase some Grantcoin to help us raise funding and move forward with strong plans for development and marketing.

Thanks everyone for your interest and support for Grantcoin!
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May 16, 2015, 04:31:17 AM
 #103

I like this coin it has a green outlook and a positive message I like it.
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May 16, 2015, 04:34:05 AM
 #104

so its an ico?
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May 16, 2015, 04:36:52 AM
 #105

How many total coin dev ?

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May 16, 2015, 04:40:15 AM
 #106

I like this coin it has a green outlook and a positive message I like it.

Thanks! It's one of a small number of coins that's trying to use crypto to do some good in the world. And we have a solid business plan too!

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 16, 2015, 04:47:25 AM
 #107

so its an ico?

2% of the currency reserve is being sold in Phase One fundraising campaign to raise hopefully $110,000. We'd like to get that raised by the end of this year. More will be raised in two more phases later on, assuming we get through phase one which would take the price beyond 10x what it is now. Phase Two will eventually start at a price 20x what it is now.

The money will be used for tech development to create much better wallets that are user-friendly for the average person, smartphone apps for merchants and consumers to easily scan and redeem Grantcoin paper wallet coupons which will be distributed as grants to qualifying businesses who agree to accept GRT as payment from customers, and lots and lots of marketing and promotion to the sustainable business community, environmental community, and more. Also the basic expenses of running a real nonprofit organization, which the Grantcoin Foundation is (one of very few coins to be run by a legitimate nonprofit).

We've already raised $17,500 before we even got on exchanges, so this project is for real and there's a lot that we can do, but we do need more capital to really make Grantcoin one of the top-tier cryptocurrencies. Lots of info available in documentation on our website, grantcoin.org. Check it out, do your due diligence, consider buying in and helping to fund us if you like what we're doing.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 16, 2015, 04:49:07 AM
 #108

How many total coin dev ?

Hi, I'm the dev. 10 billion total coins, plus what gets generated by mining, then staking later this year with a low interest rate.

See this page for a breakdown of the coin distribution plans.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 16, 2015, 05:12:09 AM
 #109

Im sure you are working on it, but some google optimization is needed! GRT doesnt come up at all when you google grant coin, just coins of president Ulysses s. grant
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May 16, 2015, 06:28:48 AM
 #110

Im sure you are working on it, but some google optimization is needed! GRT doesnt come up at all when you google grant coin, just coins of president Ulysses s. grant
Which Google are you using? I get a full first page about grantcoin in Google.
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May 16, 2015, 07:01:59 AM
 #111

If you Google "Grant coin"  with a space grt doesn't come up at all. I hadn't done it without a space,  with one word,  "grantcoin"  you guys do come up.
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May 16, 2015, 07:12:30 AM
 #112

Im sure you are working on it, but some google optimization is needed! GRT doesnt come up at all when you google grant coin, just coins of president Ulysses s. grant
Which Google are you using? I get a full first page about grantcoin in Google.

Yeah me too
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May 16, 2015, 07:14:53 AM
 #113

Grantcoin has sold out Lot 1 of our fundraising sale at 50 satoshis on both Bittrex and SouthXchange! Next lot is priced at 100 satoshis.

According to Bittrex distribution statistics, 35 people bought Grantcoin so far on that exchange. Thanks to everyone who has participated in trading so far. We look forward to seeing a robust market continue to develop for Grantcoin!
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May 17, 2015, 09:31:07 AM
 #114

Grantcoin has sold out Lot 1 of our fundraising sale at 50 satoshis on both Bittrex and SouthXchange! Next lot is priced at 100 satoshis.

According to Bittrex distribution statistics, 35 people bought Grantcoin so far on that exchange. Thanks to everyone who has participated in trading so far. We look forward to seeing a robust market continue to develop for Grantcoin!

after 50 and 100 , when 150 ?
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May 17, 2015, 06:11:31 PM
 #115

not worth to mine as now at Bittrex is 67 BID. GRT the 10 billion coins supply will have hard time to pass 100 satoshis like other 10 billion coins. Why anyone will pay over the market price for next lot?
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May 17, 2015, 07:10:17 PM
 #116

not worth to mine as now at Bittrex is 67 BID. GRT the 10 billion coins supply will have hard time to pass 100 satoshis like other 10 billion coins. Why anyone will pay over the market price for next lot?

The coin supply is going to be distributed gradually over a period of many years. That's not the issue.

The price hasn't climbed much yet because a lot of people who bought at 50 satoshis decided to take daytrading profits. We can't force people to hold the coin if they aren't actually investors.

The price will rise if investors decide to buy and hold. For that to happen, it will take more marketing for the coin to reach a larger audience. We will keep doing our best to raise awareness of the Grantcoin project so that new investors will buy GRT.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 17, 2015, 07:16:46 PM
 #117

For me all kinds of valuable coin as Grant Coin...... Smiley

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May 21, 2015, 02:29:23 PM
 #118

Usually I do not buy coins that bittrex advertises, BUT this is interesting if pulled off as planned. I invested some btc. Wishing the project lots of luck. I love groups that try to be as ethical as possible.

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May 25, 2015, 08:27:35 PM
 #119

Usually I do not buy coins that bittrex advertises, BUT this is interesting if pulled off as planned. I invested some btc. Wishing the project lots of luck. I love groups that try to be as ethical as possible.

Thank you. Glad to hear it!

We're working on some interesting things in the background, building relationships, etc. For example, we will be presenting about Grantcoin at a crypto conference in Ghana in June.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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May 30, 2015, 11:47:21 PM
 #120

The Grantcoin founders were interviewed recently on Bitcoins and Gravy. Have a listen!

https://letstalkbitcoin.com/blog/post/ep-69-grantcoin-is-here-to-empower
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June 02, 2015, 06:00:51 AM
 #121

Hey Grantcoiners and anyone interested,

Some quick updates from the team:

1. We're going to reduce the amount of GRT to be sold by the Grantcoin Foundation. We haven't decided yet on how much to reduce the planned sales, but it will be a significant decrease.

2. We're going to put a lot of focus on developing a business which will earn revenue for the Foundation, and which will be a use case for GRT as a consumer currency.

3. Our Ripple Trade markets will open by the end of this week, probably Thursday.

More details on our plans going forward will be shared in the next couple of weeks. We also welcome your feedback, ideas, and volunteer efforts to help make Grantcoin a success!

Thanks for your support,
Eric

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 04, 2015, 06:53:28 AM
 #122


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June 04, 2015, 07:12:44 AM
 #123

50 sat , it's very cheap .  Grin
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June 04, 2015, 07:17:09 AM
 #124

in my eyes this is actly one of the most interesting coins out there atm


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June 04, 2015, 03:17:28 PM
 #125

are you guys still on track to release the coin on RT today?
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June 04, 2015, 07:15:13 PM
 #126

Thanks for adding Grantcoin!

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 04, 2015, 07:17:45 PM
 #127

are you guys still on track to release the coin on RT today?

It will be Friday. Developer at Ripple Labs needs to change the wallet address associated with the ~grantcoin account to our new securely-created offline issuing wallet. I had a meeting with a Ripple staff member yesterday and he told me this final step will be finished on Friday.

The good news is, he also told me that they're going to do it in a way that will preserve everyone's existing trustlines to ~grantcoin. So this is better than what I expected.

I will post here on Friday as soon as the Ripple markets are opened. It will likely be in the afternoon or evening.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 04, 2015, 07:25:56 PM
 #128

50 sat , it's very cheap .  Grin

Yeah, and we're in the highest mining reward period right now, so that's something for everybody to keep in mind. It will halve at block 100,000, and halve again every 50,000 blocks. And Proof of Stake is coming later this year.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 04, 2015, 07:34:51 PM
 #129

in my eyes this is actly one of the most interesting coins out there atm

Glad that you see the value in this project. Smiley

We'll be doing a lot of interesting things as we continue to move forward. High on our priority list is to create an economic ecosystem for Grantcoin, so that people will be able to spend it rather than cashing out to other currencies.

Keep watching this space for updates.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 05, 2015, 03:18:55 PM
 #130

I'm only getting 1 connection on this and that's to suprnova pool.

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June 05, 2015, 06:48:20 PM
 #131

I'm only getting 1 connection on this and that's to suprnova pool.

That's strange. I just tried opening my wallet and I'm getting 5 connections to the network. Also I checked the blockchain and it's moving along at normal speed.

Are you still having difficulty getting connections? Which wallet are you using?

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 05, 2015, 06:54:02 PM
 #132

I'm only getting 1 connection on this and that's to suprnova pool.

That's strange. I just tried opening my wallet and I'm getting 5 connections to the network. Also I checked the blockchain and it's moving along at normal speed.

Are you still having difficulty getting connections? Which wallet are you using?

Yes. Still only one connection. I compiled from source on Linux.

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June 05, 2015, 07:04:32 PM
 #133

I'm only getting 1 connection on this and that's to suprnova pool.

That's strange. I just tried opening my wallet and I'm getting 5 connections to the network. Also I checked the blockchain and it's moving along at normal speed.

Are you still having difficulty getting connections? Which wallet are you using?

Yes. Still only one connection. I compiled from source on Linux.

Were you able to download the blockchain up to the current block, which is 76,978 at the time of this message?

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June 05, 2015, 07:12:12 PM
 #134

I'm only getting 1 connection on this and that's to suprnova pool.

That's strange. I just tried opening my wallet and I'm getting 5 connections to the network. Also I checked the blockchain and it's moving along at normal speed.

Are you still having difficulty getting connections? Which wallet are you using?

Yes. Still only one connection. I compiled from source on Linux.

I just ran a Grantcoin Linux daemon and I immediately get 2 connections, which are the DNS seed nodes.

The only thing I can think of that could be causing a problem for you is your .conf file. What did you put in there?

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June 05, 2015, 07:56:26 PM
 #135

I'm only getting 1 connection on this and that's to suprnova pool.

That's strange. I just tried opening my wallet and I'm getting 5 connections to the network. Also I checked the blockchain and it's moving along at normal speed.

Are you still having difficulty getting connections? Which wallet are you using?

Yes. Still only one connection. I compiled from source on Linux.

I just ran a Grantcoin Linux daemon and I immediately get 2 connections, which are the DNS seed nodes.

The only thing I can think of that could be causing a problem for you is your .conf file. What did you put in there?

$ grantcoind getinfo | grep version
    "version" : "v0.1.0.0-unk-beta",
    "protocolversion" : 60004,
    "walletversion" : 60000,


grantcoin.conf
rpcuser=x
rpcpassword=x
daemon=1
server=1

I'm on the current block too. 77018

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June 05, 2015, 08:07:05 PM
 #136

  Are y'all having trouble with confirmations on Suprnova. I've been mining all day and have no confirmed coins. I have over 30,000 unconfirmed.
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June 05, 2015, 08:09:19 PM
 #137

 Are y'all having trouble with confirmations on Suprnova. I've been mining all day and have no confirmed coins. I have over 30,000 unconfirmed.

It's 520 confirms

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June 05, 2015, 08:57:34 PM
Last edit: June 05, 2015, 09:08:19 PM by freebird
 #138

I'm only getting 1 connection on this and that's to suprnova pool.

That's strange. I just tried opening my wallet and I'm getting 5 connections to the network. Also I checked the blockchain and it's moving along at normal speed.

Are you still having difficulty getting connections? Which wallet are you using?

Yes. Still only one connection. I compiled from source on Linux.

I just ran a Grantcoin Linux daemon and I immediately get 2 connections, which are the DNS seed nodes.

The only thing I can think of that could be causing a problem for you is your .conf file. What did you put in there?

$ grantcoind getinfo | grep version
    "version" : "v0.1.0.0-unk-beta",
    "protocolversion" : 60004,
    "walletversion" : 60000,


grantcoin.conf
rpcuser=x
rpcpassword=x
daemon=1
server=1

I'm on the current block too. 77018

Good that you're on the current block.

In the .conf file for my test daemon I only have the following:

rpcuser=x
rpcpassword=x
gen=0

If you want it to mine, then change to gen=1

I'm not sure if deleting daemon=1 and server=1 would make any difference, but maybe give that a try, restart it and see if it'll connect to the 2 seed nodes.

BTW, is your node at this IP address? 76.90.105.71. The reason I ask is because that's listed as the node of a wallet which is Protocol 0, a nonexistent version of Grantcoin, on this page: https://chainz.cryptoid.info/grt/#!network. If so, then maybe something went wrong in your build? Even if it says you're running protocol 60004, maybe somehow the network is not finding your wallet correctly? Just thought I'd ask if that IP address is yours.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 05, 2015, 09:05:44 PM
 #139

 Are y'all having trouble with confirmations on Suprnova. I've been mining all day and have no confirmed coins. I have over 30,000 unconfirmed.

  Oh. OK. Got ya. Thanks.

It's 520 confirms
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June 05, 2015, 09:40:21 PM
Last edit: June 05, 2015, 10:37:40 PM by freebird
 #140

Attention Grantcoin community:

I'm the dev of Grantcoin. A forum administrator has deleted two of my posts in this forum and informed me that they were deleted. One of them was me thanking kevin1234a who listened to my recent interview on Bitcoins and Gravy and said he thought our team did a good job. Another one was to welcome jepistons to this thread whom I knew before from my work in SolarCoin and who recently came here and expressed support for Grantcoin.

The posts by kevin1234a and jepistons, which I was responding to, were also deleted by Bitcointalk forum admins.

I made further inquiry to the admin and was told that somebody probably reported these posts and that they may have been perceived as an attempt to bump this thread with insubstantial posting.

It seems that some user(s) on this website, probably from competing coins, are trying hard to reduce the attention that Grantcoin will get here, by asking admins to delete our community members' posts. If users can't express their support for the Grantcoin project without having their posts deleted, then this thread doesn't provide an accurate perception of the level of interest in Grantcoin among the altcoin community. Also, if posts are going to be frequently deleted by admins, then it would make it difficult for this forum to function as a general gathering-place for the Grantcoin community.

The Grantcoin team will have to give further thought to how we will be using Bitcointalk from now on. Perhaps this venue will be primarily used as a place to make announcements, and we might look for a different venue for general Grantcoin community discussion, which would be uncensored.

We apologize for the deleted posts. There appears to be nothing we can do about it.

Eric Stetson
Executive Director
The Grantcoin Foundation

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 06, 2015, 12:55:19 AM
 #141

I'm only getting 1 connection on this and that's to suprnova pool.

That's strange. I just tried opening my wallet and I'm getting 5 connections to the network. Also I checked the blockchain and it's moving along at normal speed.

Are you still having difficulty getting connections? Which wallet are you using?

Yes. Still only one connection. I compiled from source on Linux.

I just ran a Grantcoin Linux daemon and I immediately get 2 connections, which are the DNS seed nodes.

The only thing I can think of that could be causing a problem for you is your .conf file. What did you put in there?

$ grantcoind getinfo | grep version
    "version" : "v0.1.0.0-unk-beta",
    "protocolversion" : 60004,
    "walletversion" : 60000,


grantcoin.conf
rpcuser=x
rpcpassword=x
daemon=1
server=1

I'm on the current block too. 77018

Good that you're on the current block.

In the .conf file for my test daemon I only have the following:

rpcuser=x
rpcpassword=x
gen=0

If you want it to mine, then change to gen=1

I'm not sure if deleting daemon=1 and server=1 would make any difference, but maybe give that a try, restart it and see if it'll connect to the 2 seed nodes.

BTW, is your node at this IP address? 76.90.105.71. The reason I ask is because that's listed as the node of a wallet which is Protocol 0, a nonexistent version of Grantcoin, on this page: https://chainz.cryptoid.info/grt/#!network. If so, then maybe something went wrong in your build? Even if it says you're running protocol 60004, maybe somehow the network is not finding your wallet correctly? Just thought I'd ask if that IP address is yours.

I added the seed nodes to the config manually

addnode=seed1.grantcoin.net
addnode=seed2.grantcoin.net

...now I have 4 connections.

██
██
██
1st Stake
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████████████████████████████████████████████████████████████████████████████████
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June 06, 2015, 01:04:53 AM
 #142

I added the seed nodes to the config manually

addnode=seed1.grantcoin.net
addnode=seed2.grantcoin.net

...now I have 4 connections.

Glad to hear it. Thanks for posting that you found a solution! I guess if anyone else experiences the same issue, try what chey did.

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June 06, 2015, 01:21:34 AM
 #143

Attention Grantcoin community:

I'm the dev of Grantcoin. A forum administrator has deleted two of my posts in this forum and informed me that they were deleted. One of them was me thanking kevin1234a who listened to my recent interview on Bitcoins and Gravy and said he thought our team did a good job. Another one was to welcome jepistons to this thread whom I knew before from my work in SolarCoin and who recently came here and expressed support for Grantcoin.

The posts by kevin1234a and jepistons, which I was responding to, were also deleted by Bitcointalk forum admins.

I made further inquiry to the admin and was told that somebody probably reported these posts and that they may have been perceived as an attempt to bump this thread with insubstantial posting.

It seems that some user(s) on this website, probably from competing coins, are trying hard to reduce the attention that Grantcoin will get here, by asking admins to delete our community members' posts. If users can't express their support for the Grantcoin project without having their posts deleted, then this thread doesn't provide an accurate perception of the level of interest in Grantcoin among the altcoin community. Also, if posts are going to be frequently deleted by admins, then it would make it difficult for this forum to function as a general gathering-place for the Grantcoin community.

The Grantcoin team will have to give further thought to how we will be using Bitcointalk from now on. Perhaps this venue will be primarily used as a place to make announcements, and we might look for a different venue for general Grantcoin community discussion, which would be uncensored.

We apologize for the deleted posts. There appears to be nothing we can do about it.

Eric Stetson
Executive Director
The Grantcoin Foundation

thanks alot for witnessing it. if someone didn't like our criticism in other threads they do report user as a scam (lol) and in result mod start deleting posts for that user which compose of a sentence or few words with same reasons what u had mentioned.

sharing my experience being a forum mod and admin. well in real world no one has ample time to write stories in replies unless BCT is our home and workplace Wink

in short i personally thank you for mentioning this minor yet major thing hopefully mods will read this and instead of deleting legit posts they will start cleaning up other scams which they should.

have a nice weekend folks and till next time happy mining

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June 06, 2015, 08:00:27 AM
 #144

Attention Grantcoin community:

I'm the dev of Grantcoin. A forum administrator has deleted two of my posts in this forum and informed me that they were deleted. One of them was me thanking kevin1234a who listened to my recent interview on Bitcoins and Gravy and said he thought our team did a good job. Another one was to welcome jepistons to this thread whom I knew before from my work in SolarCoin and who recently came here and expressed support for Grantcoin.

The posts by kevin1234a and jepistons, which I was responding to, were also deleted by Bitcointalk forum admins.

I made further inquiry to the admin and was told that somebody probably reported these posts and that they may have been perceived as an attempt to bump this thread with insubstantial posting.

It seems that some user(s) on this website, probably from competing coins, are trying hard to reduce the attention that Grantcoin will get here, by asking admins to delete our community members' posts. If users can't express their support for the Grantcoin project without having their posts deleted, then this thread doesn't provide an accurate perception of the level of interest in Grantcoin among the altcoin community. Also, if posts are going to be frequently deleted by admins, then it would make it difficult for this forum to function as a general gathering-place for the Grantcoin community.

The Grantcoin team will have to give further thought to how we will be using Bitcointalk from now on. Perhaps this venue will be primarily used as a place to make announcements, and we might look for a different venue for general Grantcoin community discussion, which would be uncensored.

We apologize for the deleted posts. There appears to be nothing we can do about it.

Eric Stetson
Executive Director
The Grantcoin Foundation

It's possible move all discussion off Bitcoin talk over to Facebook. Bitcoin Talk admins have no power there.

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June 06, 2015, 08:06:48 AM
 #145

Grantcoin Now Trading on Ripple Trade for Dollars, Euros and More

Posted on June 6, 2015 by The Grantcoin Foundation
http://www.grantcoin.org/2015/06/06/grantcoin-now-trading-on-ripple-trade-for-dollars-euros-and-more/

The Grantcoin Foundation has opened Grantcoin markets on the Ripple Trade online currency exchange, including 13 currency pairs. Grantcoin can now be traded directly for U.S. dollars, euros, Chinese yuan, Japanese yen, British pounds, Brazilian reals, Canadian dollars, South Korean won, Mexican pesos, South African rand, and Singapore dollars. Grantcoin also has established markets on Ripple Trade for trading with two other cryptocurrencies: Bitcoin and Ripple’s native XRP token.

A complete list of Grantcoin trading pairs on Ripple Trade which will be monitored and supported by the Grantcoin Foundation are as follows:

  • GRT.Grantcoin/USD.SnapSwap
  • GRT.Grantcoin/EUR.SnapSwap
  • GRT.Grantcoin/CNY.RippleChina
  • GRT.Grantcoin/JPY.TokyoJPY
  • GRT.Grantcoin/GBP.Ripula-UK
  • GRT.Grantcoin/BRL.Rippex
  • GRT.Grantcoin/CAD.RippleUnion
  • GRT.Grantcoin/KRW.PaxMoneta
  • GRT.Grantcoin/MXN.Bitso
  • GRT.Grantcoin/ZAR.ice3x
  • GRT.Grantcoin/SGD.RippleSingapore
  • GRT.Grantcoin/BTC.SnapSwap
  • GRT.Grantcoin/XRP

Grantcoin is one of only a handful of cryptocurrencies that can be traded directly for mainstream fiat currencies such as the U.S. dollar and the euro. Grantcoin joins Bitcoin, Litecoin, and Stellar as the only cryptocurrencies with independent blockchains that are available on Ripple Trade.

The Grantcoin Foundation has contracted with One Million Gateways, a software development company focused on the Ripple ecosystem, to create an automated bridge for Grantcoin payments, deposits and withdrawals between Ripple wallets and the Grantcoin blockchain, similar to BTC2Ripple. This is expected to be ready in late June.
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June 06, 2015, 08:19:21 AM
 #146

That's awesome news Grantcoin Foundation!

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June 06, 2015, 08:24:42 AM
 #147

WOW awesome , cost mining now arround 55sat , buy more on market  this good choose
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June 06, 2015, 08:44:14 AM
 #148

Dev , How i withdraw my Grantcoin on Ripple to another exchange *bittrex / client ?
thanks
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June 06, 2015, 08:55:48 AM
 #149

Dev , How i withdraw my Grantcoin on Ripple to another exchange *bittrex / client ?
thanks

When the gateway/bridge software being built for us by OMG is ready later this month, withdrawals will be automated and nearly instantaneous. Until then, if you want to withdraw from your Ripple wallet to an external Grantcoin wallet, you'll need to request a manual withdrawal which will be processed by somebody at the Grantcoin Foundation. We will try for a 24-hour turnaround time for manual withdrawals. Contact us at http://www.grantcoin.org/contact/ and provide the Grantcoin wallet address you want to withdraw to, and we'll send you instructions.

We realize that arbitrage between Ripple Trade and Bittrex, etc., will be inefficient until the automated system is ready. So, realistically, the Ripple markets are currently only intended for investors with a longer time horizon. But efficient arbitrage will become possible in a few weeks when we have the Grantcoin-Ripple bridge.
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June 12, 2015, 12:23:33 AM
 #150

Grantcoin Foundation to Sell Less Grantcoin, Provide Buy Support on Exchanges, Increase Focus on Charity and E-Commerce

Posted on June 11, 2015 by The Grantcoin Foundation
http://www.grantcoin.org/2015/06/11/foundation-to-sell-less-grantcoin-provide-buy-support-focus-on-charity-and-e-commerce/

After considering feedback both from skeptics and supporters of Grantcoin, the Grantcoin Foundation has decided to make some changes to confirm to the public our commitment to our charitable mission and to making Grantcoin an actively traded currency which can be spent for real goods and services.

The changes being made are as follows:

1. Reduce sales of Grantcoin on exchanges. The Grantcoin Foundation is cutting the amount of Grantcoin we plan to sell on exchanges from 10% of our currency reserve to 1% (100 million GRT). These sales will be spread out at prices ranging from $0.0001 all the way to $0.01. See the new sales plan (.xlsx spreadsheet) for details. 4% of the Grantcoin currency reserve will be placed in a long-term fund, none of which will be spent or sold until the planned sales are completed. After that, this fund may be used for ongoing expenses of the Grantcoin Foundation in the years to come.

2. Buyback up to 50% of Grantcoin sold at each price level. The Grantcoin Foundation will provide significant buy support to try to create stable price ranges and increased liquidity of Grantcoin markets. Here’s an example of how it will work: When the Grantcoin available for sale on a GRT/BTC market at 100 satoshis is sold out and the price moves above this level, the Grantcoin Foundation will place a buy order for half as much Grantcoin as we sold at that same price. The Foundation will therefore have a buy wall at 100 and a sell wall at 150. When the wall at 150 is sold out, we will place a new buy wall at 150 and sell wall at 200; and so on. Important Note: The Grantcoin Foundation does not guarantee that any price will be maintained, because traders may choose to dump into our buy walls and the maximum buy support from the Foundation is limited to the amounts disclosed in our sales plan. Even so, the volume of Grantcoin trading on exchanges would be higher, which is beneficial for the currency in and of itself.

3. Transfer 5% of Grantcoin reserve to #GrantMe programs. Half of the Grantcoin which was originally planned to be sold on exchanges will instead be set aside for grants to people and nonprofit organizations that are making a positive difference in the world. The total amount to be used for the #GrantMe programs is therefore increased from 10% to 15% of the total Grantcoin reserve. The Grantcoin Foundation will soon begin a campaign on Twitter to publicly identify thousands of #grantworthy people, projects and charities, give them small amounts of Grantcoin to thank them for what they’re doing, and encourage them to apply for larger grants in the future.

4. Launch e-commerce site with option to pay in U.S. dollars, Bitcoin, or Grantcoin. The Grantcoin team strongly believes that alternative currencies should be used as currency, not merely a speculative investment. This is the only way that cryptocurrency will ever gain widespread adoption by the public. To underscore our commitment to this principle and provide a revenue stream for the Grantcoin Foundation, we will leverage our connections in the organic foods and eco-friendly business sector to create an online retail store for people to spend leading cryptocurrencies such as Bitcoin — and, of course, Grantcoin — to buy products made by socially and environmentally responsible businesses. U.S. dollars, and possibly other fiat currencies, will also be accepted as a method of payment, to expand the store’s reach to the general public. Grantcoin will be used as a customer loyalty token: for example, customers may receive a discount or other benefits for paying in Grantcoin. More information about this project will be announced in the coming weeks as we move forward with development.

The Grantcoin team is thankful for the input we have received from various people who have looked into Grantcoin during the first few weeks after public launch of the currency. Your feedback has been important in helping us think about ways to improve our plans and strategies to make Grantcoin a success!
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June 12, 2015, 07:07:04 AM
 #151


The Grantcoin team is thankful for the input we have received from various people who have looked into Grantcoin during the first few weeks after public launch of the currency. Your feedback has been important in helping us think about ways to improve our plans and strategies to make Grantcoin a success!
appreciate the shout out GRT team :p.  Keep it up,  youre making good decisions! 
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June 12, 2015, 08:11:04 AM
 #152

Good news Grantcoin ...
I invest some money in here , good job dev
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June 12, 2015, 01:33:45 PM
 #153

well im afraid if i write here again something in support of DEV team those posts will get deleted again Smiley so just to test im writing again

i really appreciate your aforementioned 4 steps an hopefully it will spotlight your cause more efficently in the community

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June 19, 2015, 10:45:56 PM
 #154

Grantcoin Android Wallet App Released for Testing

Posted on June 19, 2015 by The Grantcoin Foundation
http://www.grantcoin.org/2015/06/19/grantcoin-android-wallet-app-released-for-testing/


The Grantcoin Foundation is pleased to announce the release of the first mobile wallet for Grantcoin. The software works on Android devices including smartphones and tablets.

This QT wallet app for Android was developed by Grantcoin Foundation technology advisor and volunteer Troy Benjegerdes. Other members of the Grantcoin team have tested it on their own devices and confirmed basic functionality such as downloading the blockchain and sending and receiving Grantcoin. The app is now being released to the public for testing and feedback.

This is a first version of the app and it still needs improvement in terms of user experience and features.

Free Downloads:


Known Issues and Limitations:

  • The blockchain takes a long time to download with this app, compared to desktop wallets.
  • You may not be able to back up your wallet.dat file using this app. If you lose your device or the memory gets wiped, you will lose any GRT you have stored in this wallet.
  • Do not use the dollar sign character ($) in your passphrase if you choose to encrypt your wallet. If you do, you may be unable to access your coins.

Bounty for Testers: The Grantcoin Foundation will give volunteer bounties of 1,000 to 20,000 GRT to users who test the app and provide helpful feedback. The amount of the bounty for each tester will depend on the extensiveness, quality, and usefulness of your feedback, at the discretion of Grantcoin Foundation personnel. After we have received enough feedback from testers, this bounty program will be discontinued. Contact us to send your comments about the app after you have downloaded and tested it.

Use at your own risk. The functionality of this software is not guaranteed by the Grantcoin Foundation or the developer. The current version of this app is intended for testing, not for storing large amounts of GRT. Only use it with coins you’re potentially willing to lose.
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June 20, 2015, 01:41:55 AM
 #155

Grantcoin Android Wallet App Released for Testing

Posted on June 19, 2015 by The Grantcoin Foundation
http://www.grantcoin.org/2015/06/19/grantcoin-android-wallet-app-released-for-testing/


The Grantcoin Foundation is pleased to announce the release of the first mobile wallet for Grantcoin. The software works on Android devices including smartphones and tablets.

This QT wallet app for Android was developed by Grantcoin Foundation technology advisor and volunteer Troy Benjegerdes. Other members of the Grantcoin team have tested it on their own devices and confirmed basic functionality such as downloading the blockchain and sending and receiving Grantcoin. The app is now being released to the public for testing and feedback.

This is a first version of the app and it still needs improvement in terms of user experience and features.

Free Downloads:


Known Issues and Limitations:

  • The blockchain takes a long time to download with this app, compared to desktop wallets.
  • You may not be able to back up your wallet.dat file using this app. If you lose your device or the memory gets wiped, you will lose any GRT you have stored in this wallet.
  • Do not use the dollar sign character ($) in your passphrase if you choose to encrypt your wallet. If you do, you may be unable to access your coins.

Bounty for Testers: The Grantcoin Foundation will give volunteer bounties of 1,000 to 20,000 GRT to users who test the app and provide helpful feedback. The amount of the bounty for each tester will depend on the extensiveness, quality, and usefulness of your feedback, at the discretion of Grantcoin Foundation personnel. After we have received enough feedback from testers, this bounty program will be discontinued. Contact us to send your comments about the app after you have downloaded and tested it.

Use at your own risk. The functionality of this software is not guaranteed by the Grantcoin Foundation or the developer. The current version of this app is intended for testing, not for storing large amounts of GRT. Only use it with coins you’re potentially willing to lose.

well definitely i ll test it but afraid that might it will take a day to download whole chain Smiley will provide feedback if it worked with me

Go to Hell
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June 20, 2015, 08:43:25 AM
 #156

well definitely i ll test it but afraid that might it will take a day to download whole chain Smiley will provide feedback if it worked with me

Thanks, we appreciate your help!

When I set it up on my phone I left the app open all night to download the blockchain. It's unfortunate that the download takes so long, but you can do it while you're sleeping and then it should be good to go. Smiley

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 23, 2015, 12:11:59 AM
 #157

dev still working and update...
i'm bought some GRT Smiley
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June 23, 2015, 08:08:48 PM
 #158

A great new article about Grantcoin was published today on Bitcoinist.net.

Grantcoin: A Grant-based Digital Currency For a New World Economy

Here's an excerpt:

Quote
A New Financial Model

Grantcoin is not just a digital currency, essentially it is a new financial model to re-assign people the power to create an economy that supports their needs and values. The concepts presented by The Grantcoin Foundation pose real solutions to real-world problems. Aimed at reducing government reliance, the new organization proposes the question: Instead of being held hostage by the economy the government creates, why not create the economy you want to live in?

The Grantcoin movement could be considered a revolutionary way of thinking. Grantcoin’s mission statement declares: Money is a social invention which can be changed by the people according to our values.

BTW, this article was NOT paid promotion. The author genuinely thinks that Grantcoin is newsworthy and she spent over an hour interviewing me on the phone for this article.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 23, 2015, 10:39:10 PM
 #159

dev still working and update...
i'm bought some GRT Smiley

hope the dev leave us  Grin Grin
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June 28, 2015, 06:15:52 AM
 #160

Developer: How is this coin going to build value so that the grants are useful to recipients?
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June 28, 2015, 01:58:17 PM
 #161

some Block To halving guys  Grin
Dont late buy more Cheap  Wink

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June 28, 2015, 03:06:26 PM
 #162

some Block To halving guys  Grin
Dont late buy more Cheap  Wink


yes I know , 1k++ Block to halving , from reward 400 to 200 .
and fact , if i mine with nethasrate ( 15TH -30TH ) , cost mining between 45-55 sat .
and then If reward decrease , cost mining can double from now , right
Grantcoin good for long term
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June 29, 2015, 04:29:12 AM
 #163

last 600 block to halving

The Grantcoin Foundation has contracted with One Million Gateways, a software development company focused on the Ripple ecosystem, to create an automated bridge for Grantcoin payments, deposits and withdrawals between Ripple wallets and the Grantcoin blockchain, similar to BTC2Ripple. This is expected to be ready in late June.

Im already three time manual Withdraw my GRT from Rippletrade to External wallet , I get a good service from support .  Wink

I can't wait about Grantcoin-Ripple bridge , what is really happening in late June ?
Now June 29 , may be tomorrow you can release Grantcoin-Ripple bridge ?

Note :
- as User Rippletrade , I like When GRT LIVE on rippletrade . XRP it's good market
- if I'm done Download chain Android wallet (This is quite long  Grin) , i can test and give feedback  Wink

Thanks
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June 29, 2015, 10:30:17 AM
 #164

Developer: How is this coin going to build value so that the grants are useful to recipients?

That's a good question, and thank you for asking it. The simple answer is that all currencies build their value based on people's belief in the ideas and institutions behind the currency. Is it a good way to have a monetary system which benefits people and creates a better economy? Are the people involved, and the organization(s) responsible for managing the currency, ethical, transparent and trustworthy? The more people who answer yes to these questions about a particular currency, the more demand for it will increase and it will gain value. This is called the network effect: the more people believing in something and using something, the more valuable and useful it becomes.

Here's a 3 minute clip from a recent interview in which I talk about what gives money its value: https://youtu.be/HyIW8ToQYCg

Having said that, the Grantcoin Foundation has plans to make Grantcoin more useful as a currency, regardless of how many other people believe in it. For example, we're going to be starting our own e-commerce store, selling a variety of products made by socially/environmentally responsible companies, in which people will be able to pay with Grantcoin.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 29, 2015, 10:39:43 AM
 #165

Im already three time manual Withdraw my GRT from Rippletrade to External wallet , I get a good service from support .  Wink

Thanks for letting the community know. Smiley

We've been consistently processing withdrawals from Ripple Trade with a turnaround time of usually just a few hours or less.

I can't wait about Grantcoin-Ripple bridge , what is really happening in late June ?
Now June 29 , may be tomorrow you can release Grantcoin-Ripple bridge ?

I wish I could tell you the automated bridge was going to be done tomorrow, but unfortunately it's delayed. We're looking into maybe having our own developers build it instead of working with outside devs as we've been doing before. The delays are frustrating, but in the end we might actually save money by just doing it ourselves and getting some input as needed from our contacts at Ripple Labs.

- if I'm done Download chain Android wallet (This is quite long  Grin) , i can test and give feedback  Wink

Thanks, that would be great!

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 29, 2015, 10:59:51 AM
 #166

some Block To halving guys  Grin
Dont late buy more Cheap  Wink


yes I know , 1k++ Block to halving , from reward 400 to 200 .
and fact , if i mine with nethasrate ( 15TH -30TH ) , cost mining between 45-55 sat .
and then If reward decrease , cost mining can double from now , right
Grantcoin good for long term


Yeah, the long term is what matters anyway. Grantcoin will be proof of stake by the end of this year, with very few new coins being produced from then on, so the people accumulating now are smart (if you believe this project is meaningful and has a bright future).

Grantcoin is doing well on social media, almost 3,000 followers on Twitter in 2 months, so there's plenty of people interested in this project and watching to see where it goes. Most coins can't say that they're getting much interest outside the altcoin trading community. Grantcoin is, so that bodes well for the long term potential.

As for the reward halving coming up in a few hundred blocks, with fewer GRT being created every day the selling pressure from miners who mine and sell should be reduced, which means it would take less buying each day to maintain the price. If the amount of buying demand per day stays the same as it has been, and there are half as many new coins being dumped onto the market per day, then in theory the price would rise compared to where it is now.

Of course this is assuming that a lot of miners are selling for BTC soon after they mine GRT rather than holding it for the long term. I think that's a safe assumption, since a lot of miners of altcoins convert them into BTC. There's probably also a significant percentage of our miners who are holding the GRT they mine for the long term (at least I hope so), but I would guess it's the minority, based on the selling that can be seen on the markets every day. This coin right now is in the phase where most of the buying action is just absorbing the new coins being produced from the high block reward. But that's not going to last forever.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 30, 2015, 03:31:53 AM
 #167

as miners , I should Bought More Grantcoin on market .
I know , Grt it's good investm now , right
Hold my Coin , and Price can rise .  Wink
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June 30, 2015, 05:02:57 AM
 #168

as miners , I should Bought More Grantcoin on market .
I know , Grt it's good investm now , right
Hold my Coin , and Price can rise .  Wink

Yes , you right .
Cost mining now arround 80-90sat , may be touch 100++ sat .
I Bought More cheap from panic sell  Grin
This great project . very soon can many Announcment and article about this coin  Wink
Dont forget for Support and Keep staking
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June 30, 2015, 05:51:36 AM
 #169

Hi everyone,

As mentioned by our team member Eric (freebird) in a reply to gilangIDR yesterday, the launch of automated bridge software for transfers of GRT to/from Ripple has been delayed.

For the sake of full transparency about what caused this delay, we published the following news release on our blog today, which also includes info and links for how Ripple users can deposit and withdraw GRT from their Ripple wallet. Key points are in bold.

Quote
New Procedure for Grantcoin Deposits and Withdrawals from Ripple; Auto-Bridge Delayed

The Grantcoin Foundation has posted convenient online forms for users of Ripple Trade to deposit Grantcoin into their Ripple wallet or withdraw it to an external Grantcoin wallet on their desktop or smartphone. Most transfers between the Ripple platform and the Grantcoin blockchain will be processed in the same day they are initiated.

As mentioned in a previous post in early June, the Grantcoin Foundation had hired a company called One Million Gateways to create “auto-bridge” software to automatically process most deposits and withdrawals of Grantcoin from Ripple. Last week, OMG informed us that they’re going out of business and therefore can’t complete our project. This came as a total surprise to the Grantcoin team.

Fortunately, OMG has given us a full refund, and we are already exploring possibilities for how to move forward on the auto-bridge project with other developers. We are also fortunate to be in touch with staff members at Ripple Labs who have offered their advice and input to help Grantcoin succeed in this goal.

The Grantcoin Foundation, a legally incorporated charitable nonprofit organization, assures users of Ripple Trade that (1) you are able to deposit and withdraw Grantcoin to and from Ripple Trade using our current system; (2) turnaround time for deposits and withdrawals will usually be under 24 hours; (3) some users have already requested and received transfers of GRT from Ripple to the Grantcoin blockchain without any difficulty; (4) we are continuing to work towards the goal of eventual full automation of such transfers and will keep the Grantcoin community informed about new developments.

Thank you for your patience and understanding.
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June 30, 2015, 05:58:35 AM
 #170

Here's a new interview with Eric Stetson, founder of Grantcoin, which was published on Bitcoin Chaser:

http://bitcoinchaser.com/interviews/grantcoin-interview

Some highlights:

Quote
What caused you to become a cryptocurrency believer?

Grantcoin (Eric): Ever since the financial crisis of 2008, I have been looking for solutions to the problem of too much wealth and power being concentrated in the hands of a few big for-profit investment banks which dominate the world economy. When the U.S. government bailed out the banks that caused the crash, providing them with the hard-earned money of the ordinary taxpayers who were hurt by the banks’ irresponsible actions and doing nothing to help the innocent victims, it became clear to me that financial reform will have to come from the people themselves, not politicians who are mostly funded by and serve the interests of big money.

I first heard about Bitcoin in 2012 and was intrigued by the idea of an alternative currency which enables friction-less transactions across national borders and is not issued into circulation through the banking system. When Bitcoin took off in 2013 I became seriously interested and involved in the cryptocurrency space and started studying the various assets and platforms being created with a peer-to-peer network and public ledger. I came to the conclusion that cryptocurrency offers people the greatest potential to create a working alternative to the corrupt government-supported financial system. Instead of wasting our time and energy complaining about the system that exists and waiting for the powers-that-be to someday see the light and change it, we can create a better system right now. With the power of open-source technology, instead of “occupying” Wall Street, we the people can replace it.

Quote
What is on the horizon for Grantcoin?

Grantcoin (Eric): We’re starting to work on an e-commerce store where people will be able to buy products made by socially and environmentally responsible businesses, using either U.S. dollars, Bitcoin, or Grantcoin. We’re looking into creating a tip bot to encourage micro-grants of Grantcoin on social media. We will work on creating an iPhone wallet app and improving our smartphone wallets. We’re also looking into creating a program to distribute old smartphones to the poor, which would be pre-loaded with a Grantcoin wallet and coins. Mining will be phased out and Grantcoin will become a proof-of-stake currency later this year, which will enable the unbanked to use a Grantcoin phone wallet app as the equivalent of an interest-bearing savings account.

Quote
Where do you see cryptocurrency in 5 years from now?

Grantcoin (Eric): Buckminster Fuller wrote, “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” That’s exactly what activists for financial system reform can do with cryptocurrency. But not just any cryptocurrency. Most of them are poorly designed from a socioeconomic perspective and will not catch on with the general public. Most people, if they are ever going to switch to a radical new form of money, will choose a currency that gives power to the people and encourages an economy that works for everyone, not a model based on greed and hoarding of capital. Most of the cryptocurrencies that exist today will probably not last long, just like many of the dot-com startups in the 1990s, but a few will change the world.

(More...)
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June 30, 2015, 05:59:09 AM
 #171

That's the best possible news about a setback. Thank you Grantcoin team, keep up the good work. Smiley

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June 30, 2015, 06:08:49 AM
 #172

Nice , some Hour ago , i say can many news in here .
And now i see it  Grin
this is awesome .
someone try got cheap from here . I should follow him  Wink
...
Go GRT
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June 30, 2015, 06:12:35 AM
 #173

That's the best possible news about a setback. Thank you Grantcoin team, keep up the good work. Smiley

Thanks! Yeah, it's not so bad. We got all our money back quickly, and the folks at Ripple Labs that we've talked with are sympathetic to what we're trying to do and helpful. One of our tech advisors with a development background thinks the bridge can be done fairly easily, from a technical standpoint. That was encouraging to hear.
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June 30, 2015, 06:35:31 AM
 #174

Grant coin is super coin for business as usual....
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June 30, 2015, 08:30:38 AM
 #175

Thank for update sir  Wink
Delayed bridge just Accumulating for smart people

Form for deposit or withdraw to rippletrade on grantcoin website Looks good .
this simple and easy for use .
 Wink
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June 30, 2015, 03:54:45 PM
 #176

this coin Look good . Buy some for future

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July 02, 2015, 05:19:56 AM
 #177

Dave Hamill Appointed to Grantcoin Foundation Advisory Board

Posted on July 2, 2015 by The Grantcoin Foundation
http://www.grantcoin.org/2015/07/02/dave-hamill-appointed-to-grantcoin-foundation-advisory-board/

The Grantcoin Foundation is pleased to announce the appointment of Dave Hamill as an Advisor for economics and activism.

Dave is co-founder of the Coalition for Capital Homesteading, an association of organizations and individuals dedicated to empowering every person through equal access to the means to own productive capital. He is also a project manager at the Center for Economic and Social Justice, a Washington D.C.-based think tank which promotes a “just third way” between monopolistic capitalism and socialism, including employee ownership of business and reducing inequality of wealth through monetary system reform.

Dave is the founding owner of Esteo Group Inc. (Excellent Service Through Employee Ownership), a trucking company based in Atlanta, Georgia. He developed the “Justice Growth ESOP” business structure, in which employee-owned corporations are chartered to support widespread ownership education and spin off other employee-owned companies, each of which do the same.

Dave has worked as a Series-3 futures broker, sales manager, and small business owner. He studied business at Louisiana State University. He has been involved in libertarian political campaigns and causes as a ballot-access petitioner and fundraiser, and believes in the importance of building populist coalitions for economic reform that transcend party lines. He is married with three children.

“We’re very happy to have Dave Hamill’s input on our Advisory Board,” said Eric Stetson, Executive Director of the Grantcoin Foundation. “Dave brings to the table diverse experience in business, finance, the nonprofit sector, and grassroots activism. His passionate advocacy for freedom-based solutions to the problems of poverty and inequality, and his strong background in alternative economic theories and policy proposals can help the Grantcoin team continue to develop our monetary system and build a broad-based movement.”
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July 03, 2015, 03:04:58 PM
 #178

thanks For Update dev ...
I suggest to all , This is Legit investment
Dont worry about Dev . this is Real developers
Dont late for bought some cheap , Right
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July 03, 2015, 11:47:08 PM
 #179

Greece Needs a New Currency Controlled by the People, Not Debt to For-Profit Banks

Posted on July 3, 2015 by The Grantcoin Foundation

Quote
As the Greek financial crisis unfolds, the Grantcoin Foundation stands with the people of Greece against exploitation by the international banking system.

To summarize the crisis, the European banks that provide the money supply to Greece in the form of loans have threatened to cut off funds unless the Greek government makes draconian cuts to social services, which would worsen the already severe economic depression in Greece. Banks throughout Greece have been closed all week and people are not allowed to withdraw their money. This weekend, the Greek people vote in a referendum to decide whether to accept the banks’ terms to restore financial solvency for their nation or whether to default on Greece’s debt, which would probably mean leaving the euro currency and a period of economic chaos.

The Grantcoin Foundation suggests that the root cause of the problem is a monetary system in which for-profit banks issue the money supply as loans, based on their motive to make as much profit as possible by collecting interest from debtors. Any currency that works this way is doomed to create an economy based on exploitation and eventual financial collapse as more and more capital accumulates in fewer and fewer hands.

...

Grantcoin is a global alternative currency managed and distributed by a non-profit organization according to the principles of democracy, sustainability, and social justice. Grantcoin will be distributed around the world to each nation and community based on its population, to help create a more fair distribution of wealth and equal opportunity for people everywhere to gain access to capital and the economic growth it brings. The people in each nation or community will be empowered to distribute Grantcoin into circulation, not as debt owed back to a financial institution with interest, but instead as economic incentive grants to businesses that meet the triple bottom line criteria of profitability and social and environmental responsibility, to help such businesses grow and benefit the public.

...

3,811,619.755319 GRT is currently held in reserve by the Grantcoin Foundation specifically for the people of Greece. This amount is visible in the Grantcoin public ledger at this wallet address: GMfyeQcCxoLkamAAU4UPbHiBJFJT4mXTUX. It will continue to be held there until people in Greece step forward to organize Grantcoin affiliate groups in their country, to begin the process of distributing this Greek reserve of GRT as grants to ethical and sustainable Greek businesses that are willing to accept GRT as a form of payment from customers.

We invite the people of Greece to study Grantcoin by reading the extensive documentation on our website, Grantcoin.org. If you agree with our ideas for how money should work for the public good instead of the private interest of banks, please get involved, begin acquiring and using Grantcoin, spread the word, and contact us to discuss forming a Grantcoin national affiliate in Greece to distribute this new currency of the people, by the people, for the people.

Read the whole article at this link: http://www.grantcoin.org/2015/07/03/greece-needs-a-new-currency-controlled-by-the-people-not-banks/
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July 06, 2015, 08:28:24 AM
 #180

Greece Needs a New Currency Controlled by the People, Not Debt to For-Profit Banks

Posted on July 3, 2015 by The Grantcoin Foundation

Quote
As the Greek financial crisis unfolds, the Grantcoin Foundation stands with the people of Greece against exploitation by the international banking system.

To summarize the crisis, the European banks that provide the money supply to Greece in the form of loans have threatened to cut off funds unless the Greek government makes draconian cuts to social services, which would worsen the already severe economic depression in Greece. Banks throughout Greece have been closed all week and people are not allowed to withdraw their money. This weekend, the Greek people vote in a referendum to decide whether to accept the banks’ terms to restore financial solvency for their nation or whether to default on Greece’s debt, which would probably mean leaving the euro currency and a period of economic chaos.

The Grantcoin Foundation suggests that the root cause of the problem is a monetary system in which for-profit banks issue the money supply as loans, based on their motive to make as much profit as possible by collecting interest from debtors. Any currency that works this way is doomed to create an economy based on exploitation and eventual financial collapse as more and more capital accumulates in fewer and fewer hands.

...

Grantcoin is a global alternative currency managed and distributed by a non-profit organization according to the principles of democracy, sustainability, and social justice. Grantcoin will be distributed around the world to each nation and community based on its population, to help create a more fair distribution of wealth and equal opportunity for people everywhere to gain access to capital and the economic growth it brings. The people in each nation or community will be empowered to distribute Grantcoin into circulation, not as debt owed back to a financial institution with interest, but instead as economic incentive grants to businesses that meet the triple bottom line criteria of profitability and social and environmental responsibility, to help such businesses grow and benefit the public.

...

3,811,619.755319 GRT is currently held in reserve by the Grantcoin Foundation specifically for the people of Greece. This amount is visible in the Grantcoin public ledger at this wallet address: GMfyeQcCxoLkamAAU4UPbHiBJFJT4mXTUX. It will continue to be held there until people in Greece step forward to organize Grantcoin affiliate groups in their country, to begin the process of distributing this Greek reserve of GRT as grants to ethical and sustainable Greek businesses that are willing to accept GRT as a form of payment from customers.

We invite the people of Greece to study Grantcoin by reading the extensive documentation on our website, Grantcoin.org. If you agree with our ideas for how money should work for the public good instead of the private interest of banks, please get involved, begin acquiring and using Grantcoin, spread the word, and contact us to discuss forming a Grantcoin national affiliate in Greece to distribute this new currency of the people, by the people, for the people.

Read the whole article at this link: http://www.grantcoin.org/2015/07/03/greece-needs-a-new-currency-controlled-by-the-people-not-banks/


dev when this coins to the moon?

I can not wait, before I had stock in the rate 58sat but until now the price even below  Cry
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July 06, 2015, 03:24:35 PM
 #181

yes me too, waiting for
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July 06, 2015, 08:44:11 PM
 #182

Hi dimox and kampretkabur,

Our team is continuing to post news and progress for the coin and the Foundation. We can't control who buys or who doesn't buy.

All I can say is that this coin is already more legitimate and meaningful than most of the other altcoins out there, and people just have to study it and read about what we're doing to find that out for themselves.

If people choose not to buy in this early stage, that's their choice, but I think it's a choice they might regret in the future, because the Grantcoin team is continuing to work hard to make this coin something special.

Thanks for your interest in Grantcoin, and we'll keep everyone informed of new developments on a regular basis.

Eric (founder/developer)