[ANN] GCoin release

[farlack]

To get rid of pre-mine fear, this will launch in 186,400 seconds from this post.


Introduction:
GCoin- a lite version of Litecoin used scrypt as a proof of work scheme. The main advantage is the need of a retina scanner to send coin. We will be selling these for $5000 each. Limit available 150 million, first come, first serve.

    61.985633211478856698452221112233669966322114 seconds block targets
    subsidy halves in 2628k blocks (5 years)
    ~462.3 million total coins
    88.7 coins per block
    5041 blocks to retarget difficulty
    Default Port:8106, RPC port:8108

Download Client：
Windows QT Client: SourceForge
Windows Daemon: SourceForge
Linux Client: SourceForge

Official Sites:
Homepage: TBA
Forum: TBA
Source
TBA

[1714515173]

1714515173

[farlack]

bump

[jtmart007]

You bumped in less than 2 minutes...is that a record?

[farlack]

No.

[kzetts]

wat.

[mkmen]

wut, i need 5 scanners pls

[hdclover]

Great !

[farlack]

wut, i need 5 scanners pls

I'll give you a discount, free shipping 1-2 day for an order of 5.

I'll give you an address to send funds to when we launch.

[kendle]

To get rid of pre-mine fear, this will launch in 186,400 seconds from this post.


Introduction:
GCoin- a lite version of Litecoin used scrypt as a proof of work scheme. The main advantage is the need of a retina scanner to send coin. We will be selling these for $5000 each. Limit available 150 million, first come, first serve.

    61.985633211478856698452221112233669966322114 seconds block targets
    subsidy halves in 2628k blocks (5 years)
    ~462.3 million total coins
    88.7 coins per block
    5041 blocks to retarget difficulty
    Default Port:8106, RPC port:8108

Download Client：
Windows QT Client: SourceForge
Windows Daemon: SourceForge
Linux Client: SourceForge

Official Sites:
Homepage: TBA
Forum: TBA
Source
TBA

Optometrists currently pre-mining..

[daytrader420]

Oh man I'd totally do this, unfortunately I just sent a large WesternUnion to a prince in Nigeria because apparently I had a dead uncle who won the lotter, who I didn't even know existed.  

[xwebnetwork]

Lol, take my money now.

[kendle]

Maybe you should include that pre-orders for the scanners are currently being taken by ButterFlyLabs.

[iANDROID]

Maybe you should include that pre-orders for the scanners are currently being taken by ButterFlyLabs.

You made my day, thank you.

[TheSwede75]

Same shit, different day. Let me make an educated guess:

"No premining" = 'OP has 10 friends that have GPU mining pools of 100s MH/s that they will turn on the first SECOND of release. This will make it impossible for anyone else to mine, since only stale blocks will go to anyone sitting on a 'normal' (0.3-2 mh/sek) mining computer. First 10.000 blocks goes to the 'friends of op' in a few hours, then they stop mining and sell the new 'feathercrap 2.0' on BTC-E (since they will list it after 2 days cause they are whores and would list invisible goat semen if it made them a few bucks)'.


There, now we all know the rules and can play by them.

[xwebnetwork]

Same shit, different day. Let me make an educated guess:

"No premining" = 'OP has 10 friends that have GPU mining pools of 100s MH/s that they will turn on the first SECOND of release. This will make it impossible for anyone else to mine, since only stale blocks will go to anyone sitting on a 'normal' (0.3-2 mh/sek) mining computer. First 10.000 blocks goes to the 'friends of op' in a few hours, then they stop mining and sell the new 'feathercrap 2.0' on BTC-E (since they will list it after 2 days cause they are whores and would list invisible goat semen if it made them a few bucks)'.


There, now we all know the rules and can play by them.

Me thinks somebody missed the point.

[newtothescene]

WTB 3 invisible goat semen @ 5LTC

[alex_fun]

51 hours till release then? :d

[mccorvic]

Finally, a way to get rid of my fiat retina scanner!

[farlack]

Same shit, different day. Let me make an educated guess:

"No premining" = 'OP has 10 friends that have GPU mining pools of 100s MH/s that they will turn on the first SECOND of release. This will make it impossible for anyone else to mine, since only stale blocks will go to anyone sitting on a 'normal' (0.3-2 mh/sek) mining computer. First 10.000 blocks goes to the 'friends of op' in a few hours, then they stop mining and sell the new 'feathercrap 2.0' on BTC-E (since they will list it after 2 days cause they are whores and would list invisible goat semen if it made them a few bucks)'.


There, now we all know the rules and can play by them.

Actually the source code will be released early, but the source code has a time lock, you cant start mining til release. Everyone has the same source... so everyone can mine at the same time.

[virtualmaster]

To get rid of pre-mine fear, this will launch in 186,400 seconds from this post.


Introduction:
GCoin- a lite version of Litecoin used scrypt as a proof of work scheme. The main advantage is the need of a retina scanner to send coin. We will be selling these for $5000 each. Limit available 150 million, first come, first serve.

    61.985633211478856698452221112233669966322114 seconds block targets
    subsidy halves in 2628k blocks (5 years)
    ~462.3 million total coins
    88.7 coins per block
    5041 blocks to retarget difficulty
    Default Port:8106, RPC port:8108

Download Client：
Windows QT Client: SourceForge
Windows Daemon: SourceForge
Linux Client: SourceForge

Official Sites:
Homepage: TBA
Forum: TBA
Source
TBA

Very good joke. The joke would be even better if it would be required a penis scanner.

[kendle]

Same shit, different day. Let me make an educated guess:

"No premining" = 'OP has 10 friends that have GPU mining pools of 100s MH/s that they will turn on the first SECOND of release. This will make it impossible for anyone else to mine, since only stale blocks will go to anyone sitting on a 'normal' (0.3-2 mh/sek) mining computer. First 10.000 blocks goes to the 'friends of op' in a few hours, then they stop mining and sell the new 'feathercrap 2.0' on BTC-E (since they will list it after 2 days cause they are whores and would list invisible goat semen if it made them a few bucks)'.


There, now we all know the rules and can play by them.

Actually the source code will be released early, but the source code has a time lock, you cant start mining til release. Everyone has the same source... so everyone can mine at the same time.

Linked to the Atomic clock of course...  No changing your bios date/time ahead you scammers!

[farlack]

Same shit, different day. Let me make an educated guess:

"No premining" = 'OP has 10 friends that have GPU mining pools of 100s MH/s that they will turn on the first SECOND of release. This will make it impossible for anyone else to mine, since only stale blocks will go to anyone sitting on a 'normal' (0.3-2 mh/sek) mining computer. First 10.000 blocks goes to the 'friends of op' in a few hours, then they stop mining and sell the new 'feathercrap 2.0' on BTC-E (since they will list it after 2 days cause they are whores and would list invisible goat semen if it made them a few bucks)'.


There, now we all know the rules and can play by them.

Actually the source code will be released early, but the source code has a time lock, you cant start mining til release. Everyone has the same source... so everyone can mine at the same time.

Linked to the Atomic clock of course...  No changing your bios date/time ahead you scammers!

It's linked to the google clock.

[TheSwede75]

I have already started working on a secure wallet that will introduce features such as cold storage (carve your crypto key into Vanilla or Chocolate Ice cream) and 2-factor authentication supported by 'note from mom' and the option of yelling your private key at a hooker at a 1800-number.

[Equality]

GameCube coin. all right!!!  my favorite console.

[tidus_13]

what time is it?

[tidus_13]

50+ days to mine?

[Rawr1337]

We totally need more alt currencies right now 

[farlack]

50+ days to mine?

No its more like 48 hours now.

[mc_lovin]

lame.

no more 60-second coins.

[dblink]

ITT: WOOSH!

[Praxis]

A $5000 retina scanner to use the coin?
Is this a joke or is it meant to be taken seriously?
I'm honestly asking, not being sarcastic.

[farlack]

A $5000 retina scanner to use the coin?
Is this a joke or is it meant to be taken seriously?
I'm honestly asking, not being sarcastic.

Actually our supplier just told us its going to cost more, its going to be around $8500 now.

[pythons]

A $5000 retina scanner to use the coin?
Is this a joke or is it meant to be taken seriously?
I'm honestly asking, not being sarcastic.

he's serious

[skull88]

[farlack]

We wont be taking any orders until we launch, butterfly labs doesn't want more pre-orders. Sorry!

[digicoin]

Cool. Yet another coin. 

[farlack]

Yeah a lot of us are super excited.

[psybits]

You know, this would actually be kind of cool if maybe you used a fingerprint scanner (which I suspect is a hell of a lot cheaper than this vaporware retina scanner).

...

P.S Can I buy the retina scanner with Junkcoin? I'll give you 0.000001.

[mrvegad]

Can't wait!  i have my TRS80 ready to go!

[hughperman]

http://www.pinballrebel.com/game/pins/ij2/shop/Eyeball_files/MovieStill.jpg

[Fixx]

Where to get the wallet for GCoin?
Pool address?
Get in line among the first, I want to be a millionaire though any coins.

[monokaskade]

Where to get the wallet for GCoin?
Pool address?
Get in line among the first, I want to be a millionaire though any coins.

lol same here

[serge79]

Where to get the wallet for GCoin?
Pool address?
Get in line among the first, I want to be a millionaire though any coins.

Did you order the scanner yet?

[Sou]

"Officer, that black guy stole my coins"
 

[pythons]

http://www.pinballrebel.com/game/pins/ij2/shop/Eyeball_files/MovieStill.jpg

mr snipes would like this coin, he's into not paying taxes

[spoid]

so everyone is fucking all right with $5000 scanners?
suspicious-fry-face.jpg

[farlack]

You know, this would actually be kind of cool if maybe you used a fingerprint scanner (which I suspect is a hell of a lot cheaper than this vaporware retina scanner).

...

P.S Can I buy the retina scanner with Junkcoin? I'll give you 0.000001.

Yeah but we figured the retina scanner would be safer in the long run, who knows someone might have a high def camera an a hacker can pull the finger prints off the video, so there is no way possible for this near impossible, but still possible scenario to ever happen.

[spoid]

so is there some blockchain magic happening, or why won't somebody simply hack the software at some point to allow scanner-less transactions?

[farlack]

so is there some blockchain magic happening, or why won't somebody simply hack the software at some point to allow scanner-less transactions?

It will be open source, anyone can change the code, but we all have to be using the same source.


We have a system built in to call your cell phone, every time you send coin, but this is a subscription based service, $2 for the first 200 phone calls, (automated) and $5 for 1000 total. This is of course optional, we make no profits off this, and we will show the logs to prove it, that's just what we pay in fees.

We also have a feature set up to designate the origin country upon download, so if you're in the United States, and someone manages to bypass the securities, the cyber department of say Russia will automatically be notified if the coin were sent to a Russian wallet.

Everything will still be anonymous though.

[spoid]

so I can still send them with that subscription without buying a $5000 machine? you might wanna add this to the first post.

[rouf553]

Is it possible to start solo mining from the first minute of release with my 750 Kh/s?

[farlack]

so I can still send them with that subscription without buying a $5000 machine? you might wanna add this to the first post.

No you still need the machine, the phone call is your 2 factor, you scan your eye, then you get a phone call.

This way if someone ever managed to figure out how to bypass the scan, you still have to get a phone call.


Without getting into to much detail, the phone call is on a secure line, and anonymous. Think of having skype phone numbers, but unlimited, untraceable, you wont ever be able to call the number back, and your number isn't ever saved on servers past the purpose of calling, its pulled from your computer.

[farlack]

so I can still send them with that subscription without buying a $5000 machine? you might wanna add this to the first post.

No you still need the machine, the phone call is your 2 factor, you scan your eye, then you get a phone call.

This way if someone ever managed to figure out how to bypass the scan, you still have to get a phone call.


Without getting into to much detail, the phone call is on a secure line, and anonymous. Think of having skype phone numbers, but unlimited, untraceable, you wont ever be able to call the number back, and your number isn't ever saved on servers past the purpose of calling, its pulled from your computer.

Is it possible to start solo mining from the first minute of release with my 750 Kh/s?

Yes, but we actually have a anti-premine, orphans etc issue that every other coin is going through.

Everyone will have a fair opportunity to mine, for the first 48 hours, the blocks will be mined based on an average system.

If there are only 2 miners, and 1 is mining at 2 kh/s and the second at 50 kh/s - the second wont be able to mine more than 26 kh/s.  With the masses, I think it will be closer, there wont be that huge of a gap 3 people 2,2,50 the guy with 50 wont mine more than 18 kh/s.. This will expire after approximately 48 hours.

This is so all the small fishies can jump in and not be beat by guys who have $30,000 worth of mining equipment.

[hardup]

" The main advantage is the need of a retina scanner to send coin. We will be selling these for $5000 each. Limit available 150 million, first come, first serve."

      Your joking right...?

[spoid]

well everything except the number 5000 looks great.

also, is there a way for CPU miners to split their hashing "power" up on lots of connections/clients somehow? if so, I suppose they would try that to keep that average ridiculously low.

[farlack]

" The main advantage is the need of a retina scanner to send coin. We will be selling these for $5000 each. Limit available 150 million, first come, first serve."

      Your joking right...?

No.

I think I should have added that the retina scanners will be available for purchase using Gcoin. Miners will be able to obtain their scanners pretty fast.

[spoid]

So the $5000 represent US-Dollars and the amount of Gcoins for it will be displayed as soon as a speculative value for Gcoin arises? Or did you actually mean 5000 Gcoins?

[Petr1fied]

I'm pretty sure this entire thread is a joke. Much like the tar and feather coin. 

[farlack]

So the $5000 represent US-Dollars and the amount of Gcoins for it will be displayed as soon as a speculative value for Gcoin arises? Or did you actually mean 5000 Gcoins?

Both, if you want to pay cash you pay $5000 cash,(I thought went up to more but was a false call) if you want to pay in Gcoin, speculative value. I only found out about the plans for the Gcoin acceptance, and its going to push the launch date back so it can be re-worked to allow a single transaction out to allow this to happen.

Due to the features involved here, this coin should have no issues being picked up, and depending on speculative value, the 'trade' value of Gcoin to the retina scanner will be between $1.50-$2.50 each. Or 2500 coin for the scanner.

The extra tab between speculative value, and trade value will be picked up by investors, who in turn will be launching a Gcoin exchange using profit from trade fees to pick up the tab.


The long run benefit, the more retina scanners we sell (at no profit all logs will be shown), the cheaper they will be later on. All early buyers of fiat will be reimbursed the difference with proof of purchase (receipt) meaning if tomorrow they sell for $5000, and next week, they're $4000, the difference will be reimbursed in Gcoin, paid using the exchange fees.

[skull88]

lol@some replies 

[farlack]

lol@some replies 

No big deal really, i'll explain everything in detail.

[hendo420]

[spoid]

I only found out about the plans for the Gcoin acceptance, and its going to push the launch date back so it can be re-worked to allow a single transaction out to allow this to happen.

Wait, so the launch date given in the OP post is incorrect and we will have to wait longer for the mining launch? Or do you mean the launch of transactions/scanner stuff.

[FuzzyBear]

" The main advantage is the need of a retina scanner to send coin. We will be selling these for $5000 each. Limit available 150 million, first come, first serve."

      Your joking right...?

No.

I think I should have added that the retina scanners will be available for purchase using Gcoin. Miners will be able to obtain their scanners pretty fast.

Sign me up.... u can buy retinal scanner with Gcoin, but u need retinal scanner to make payment

also i just heard BTC-e are thinking of adding this coin next week

ps where smoothie

[GSnak]

I should've invented this.

[spoid]

" The main advantage is the need of a retina scanner to send coin. We will be selling these for $5000 each. Limit available 150 million, first come, first serve."

      Your joking right...?

No.

I think I should have added that the retina scanners will be available for purchase using Gcoin. Miners will be able to obtain their scanners pretty fast.

Sign me up.... u can buy retinal scanner with Gcoin, but u need retinal scanner to make payment

also i just heard BTC-e are thinking of adding this coin next week

ps where smoothie

thanks for enlightening me mr. raptor jesus, I can finally see the troll light.

[farlack]

I only found out about the plans for the Gcoin acceptance, and its going to push the launch date back so it can be re-worked to allow a single transaction out to allow this to happen.

Wait, so the launch date given in the OP post is incorrect and we will have to wait longer for the mining launch? Or do you mean the launch of transactions/scanner stuff.

Not exactly incorrect, but delayed, we talked to investors, and since Gcoin will be accepted for the retina scanners, while obviously needing one to send payment, the coding has to be re-worked to allow a single transaction out for payment.

It wont void anything, since you can send the minimum out once and its then locked requiring the scanner.

[btclove]

LOL

[spoid]

i should have known this was fake since it was announced more than 5 minutes in advance and the publishers cared about fair early adopter conditions. That was the biggest giveaway.

[uutoo]

Lol

[guagua12]

replies 

[whj]

where

[pizza]

HOW MUCH TO SELL MY EYES!!!! TAKE MY EYES PLEASE!!!

[farlack]

HOW MUCH TO SELL MY EYES!!!! TAKE MY EYES PLEASE!!!

How much is in your wallet 

[farlack]

More news to come soon.

[farlack]

There will be a little more delay, all is well!

[bitbonbon]

There will be a little more delay, all is well!

What does a little more actually means? Several hours, some days, another week ?

[spoid]

[skull88]

There will be a little more delay, all is well!

What does a little more actually means? Several hours, some days, another week ?

Last time I heard something like this was in the BFL topic, I guess a few years.

[farlack]

There will be a little more delay, all is well!

What does a little more actually means? Several hours, some days, another week ?

Its a pretty rough change, so a few days hopefully.

[farlack]

bump to avoid premine accusations!

[GSnak]

Thanks for the PM. I'm downloading the client now.

[NickCoin]

JUST Installed the client!

[tytanick]

anybody have linux daemon ?
pls send me to pm

[mebezac]

I think rectal scanners are cheaper.

[Fixx]

Please, PM me too!
I want to get GMoney among the first!

[d2.cc]

Hack tool for this coin:

[farlack]

Hack tool for this coin:

Thanks for pointing this out, we will have to figure out a work around, might delay it more thought!

[palm12341]

Could I have the client, (and and eye scanner)

[psybits]

So how is this not a premine scam if the client is released in PM to a select few?

[flound1129]

You should partner with Coinabul for delviery of the scanners, I hear they are fast and totally not a scam.

[BitzMD]

I wouldn't mind being first to download the client. Thanks 

[ymer]

So how is this not a premine scam if the client is released in PM to a select few?

Exactly, why not post it in OP?

[lumpycustard]

I need 10 retinal scanners please.  But I can only pay you in GCoin.
Pls respond.

[spoid]

what if I get new eyes? you might have to delay it a bit more

[hughperman]

Thanks for the scanner prototype, but I think I am blind thanks to the bright light. I'm pretty sure you need to use a special device instead of a normal paper scanner.

[softron]

Where do i download the client

[coinnewbit]

Looking to give money to you. Where's the address in which my btc will disappear into?

[softron]

Its a very old thread, not what i was looking for

[Nxtblg]

To get rid of pre-mine fear, this will launch in 186,400 seconds from this post.


Introduction:
GCoin- a lite version of Litecoin used scrypt as a proof of work scheme. The main advantage is the need of a retina scanner to send coin. We will be selling these for $5000 each. Limit available 150 million, first come, first serve.

    61.985633211478856698452221112233669966322114 seconds block targets
    subsidy halves in 2628k blocks (5 years)
    ~462.3 million total coins
    88.7 coins per block
    5041 blocks to retarget difficulty
    Default Port:8106, RPC port:8108

Download Client：
Windows QT Client: SourceForge
Windows Daemon: SourceForge
Linux Client: SourceForge

Official Sites:
Homepage: TBA
Forum: TBA
Source
TBA

Very good joke. The joke would be even better if it would be required a penis scanner.

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