GLDCoin - A Heavily premined coin, does it make sense to mine it???

[arlington]

people need to see this 

yes

[lazydna]

with 7 mil premine and some people promote it, 
if this becomes successful, I'll create an alt coin each day with 1/7 of that premined (i.e. 1 mil).

what a crap!

you got any proof of the pre mine?

Hellooooooo

i pre-mined around 2 million.  only an idiot would think otherwise.  now the coin is being played by big traders and miners.  you guys ruined the coin through your BS defending it, and fell-good community BS.  if you would have just waited to get on an exchange we would all be rich likely.

i mean the proof is right there if front of your eyes. thanks for ruining my coin!

[AZIZ1977]

with 7 mil premine and some people promote it, 
if this becomes successful, I'll create an alt coin each day with 1/7 of that premined (i.e. 1 mil).

what a crap!

you got any proof of the pre mine?

Hellooooooo

i pre-mined around 2 million.  only an idiot would think otherwise.  now the coin is being played by big traders and miners.  you guys ruined the coin through your BS defending it, and fell-good community BS.  if you would have just waited to get on an exchange we would all be rich likely.

i mean the proof is right there if front of your eyes. thanks for ruining my coin!

It was instamined not premined. This was told from the start by GLDCoin. Everything was open and transparant.

[lazydna]

with 7 mil premine and some people promote it, 
if this becomes successful, I'll create an alt coin each day with 1/7 of that premined (i.e. 1 mil).

what a crap!

you got any proof of the pre mine?

Hellooooooo

i pre-mined around 2 million.  only an idiot would think otherwise.  now the coin is being played by big traders and miners.  you guys ruined the coin through your BS defending it, and fell-good community BS.  if you would have just waited to get on an exchange we would all be rich likely.

i mean the proof is right there if front of your eyes. thanks for ruining my coin!

It was instamined not premined. This was told from the start by GLDCoin. Everything was open and transparant.

The dude just clearly said, it was premined and only a idiot would think otherwise.

[AZIZ1977]

with 7 mil premine and some people promote it,  
if this becomes successful, I'll create an alt coin each day with 1/7 of that premined (i.e. 1 mil).

what a crap!

you got any proof of the pre mine?

Hellooooooo

i pre-mined around 2 million.  only an idiot would think otherwise.  now the coin is being played by big traders and miners.  you guys ruined the coin through your BS defending it, and fell-good community BS.  if you would have just waited to get on an exchange we would all be rich likely.

i mean the proof is right there if front of your eyes. thanks for ruining my coin!

It was instamined not premined. This was told from the start by GLDCoin. Everything was open and transparant.

The dude just clearly said, it was premined and only a idiot would think otherwise.

Instamined or premined GLDCoin was open in it and didnt hide it. Just look the forum how many GLDCoins were given out and still are being given out. No other coin community has given so much out to others.

[lazydna]

with 7 mil premine and some people promote it, 
if this becomes successful, I'll create an alt coin each day with 1/7 of that premined (i.e. 1 mil).

what a crap!

you got any proof of the pre mine?

Hellooooooo

i pre-mined around 2 million.  only an idiot would think otherwise.  now the coin is being played by big traders and miners.  you guys ruined the coin through your BS defending it, and fell-good community BS.  if you would have just waited to get on an exchange we would all be rich likely.

i mean the proof is right there if front of your eyes. thanks for ruining my coin!

It was instamined not premined. This was told from the start by GLDCoin. Everything was open and transparant.

The dude just clearly said, it was premined and only a idiot would think otherwise.

Instamined or premined GLDCoin was open in it and didnt hide it.

I didn't state he tried to hide it, I was pointing out as a fact to a user that it was premined when he asserted that it was not.

[erk]

I took a quick look at this coin, this is what I found:

- dev premined heavily on this. He first premined 2,000,000 coins (first 200 blocks), called it "bounty"
- then insiders heavily mined all the 1000-coin blocks. Said they "should be a day", was finished in just 2-3 hours. This is about another 2,000,000 coins.
- after that (about 2pm 5/15), some limited people may start mining, the 1st 2500 blocks (corresponding to 4 millions coins) are already grabbed by the insiders.
- it was not until 6pm that day, a formal announcement was made about this coin (https://bitcointalk.org/index.php?topic=206377.0 - there was a pre-announcement thread before, which later becomes the main thread), by that time, 8000+ blocks are gone. This corresponds to an unbelievable 7,000,000 coins.

Guys, does it make any sense to mine a coin like this?? It is complete garbage.

You can check the time stamps in the blockchain broswer yourself!

It's interesting to note that the GLD announcement thread  topic 206377 you linked to is no longer available on this forum, which I consider highly suspicious.

But as topic 206376 is  May 16, 2013, 04:37:31 AM  and topic topic 206378 is May 16, 2013, 04:38:41 AM you can assume topic 206377 is some time between those. Please note my forum time is set to GMT+10  so you will have to calculate your own local time to make sense of it.

Also the GLD block chain explorer has been taken offline  http://gld.block-chain.net

If someone could point me to the source code for a block chain explorer I would like to dig a bit deeper into this pre-mine story.

NVM found an online exporer that works: http://gld.cryptocoinexplorer.com


We can see from that the following timestamps:

Code:

block 0     1368560876 (2013-05-14 19:47:56) first of the 10,000 coin blocks
block 1     1368578936 (2013-05-15 00:48:56)
block 200  1368596205 (2013-05-15 05:36:45) last of the 10,000 coin blocks
block 201  1368596265 (2013-05-15 05:37:45) first of the 1,000 coin blocks
block 2200 1368615283 (2013-05-15 10:54:43) last of the 1,000 coin blocks
block 2201 1368615305 (2013-05-15 10:55:05) first of the 500 coin blocks

You should be able to piece together the story from that info. The topic 206377 thread time approx May 16, 2013, 04:37:31 AM +10 GMT is May 15, 2013, 06:37:31 PM GMT some 18 hours after block 1 was mined, and 23 hours after block 0 was mined.

[fisheater]

you can cheat whatever you like, re-edit your post and try to mess up the messages. One thing you can not change, is that your formal announcement was posted at 2013-5-15 at 18:00 something, which is 8 hours after you played bunch of messages in the *pre-announcement* thread, which later you re-edit it to make it your formal thread. By 18:00, as many as 8000 blocks are mined, which is 7,000,000+ coins! Cheaters! I am glad to see GLD goes to whatever so many zeros before the price in cryptsy. It is simply GARBAGE!

[lazydna]

with 7 mil premine and some people promote it,  
if this becomes successful, I'll create an alt coin each day with 1/7 of that premined (i.e. 1 mil).

what a crap!

you got any proof of the pre mine?

Hellooooooo

i pre-mined around 2 million.  only an idiot would think otherwise.  now the coin is being played by big traders and miners.  you guys ruined the coin through your BS defending it, and fell-good community BS.  if you would have just waited to get on an exchange we would all be rich likely.

i mean the proof is right there if front of your eyes. thanks for ruining my coin!

It was instamined not premined. This was told from the start by GLDCoin. Everything was open and transparant.

The dude just clearly said, it was premined and only a idiot would think otherwise.

Instamined or premined GLDCoin was open in it and didnt hide it. Just look the forum how many GLDCoins were given out and still are being given out. No other coin community has given so much out to others.

Correct, and I gave away more than 1/2 of what I mined.  But is wasn't pre-mined.  Insta-mined, I suppose, but not by me.

You're more slippery then a Thai hooker, first u say it was no premine,  then say it was premined but u 'gave' them away, then u say all of it was wrong and was hacked. So what's the official stand now, premine as bounty? No premine? What about the evidence of obvious posting abnormalities stated by above poster?

[Hydroponica]

It's obvious to me, that some super powers are out to fuck GLD, and they are probably not going to stop. Diff may drop, eventually, but it will be drove right back up again...Its over.

[thisnewcoin]

7 mil premined dumped by now, lol

[akumaburn]

7 mil premined dumped by now, lol

Actually not even close.

Way to bump a dead thread. It was dead for a reason, the main developer of gldcoin had his forum account hacked. The impostor was posting blatant lies all over the forum.

[thisnewcoin]

dead

[erk]

dead

Gone from Cryptsy and  Coinchoose already.

[kelsey]

dead

Gone from Cryptsy and  Coinchoose already.

god people talk shit around here.

[erk]

dead

Gone from Cryptsy and  Coinchoose already.

god people talk shit around here.

They certainly do, especially the ones that don't check the facts before they criticize.

[BrewCrewFan]

dead

Gone from Cryptsy and  Coinchoose already.

its under litecoin trading now instead of the BTC... both those sites.

[erk]

its under litecoin trading now instead of the BTC... both those sites.

Found on Cryptsy. Thanks for the tip. Can't see on Coinchoose.

[BrewCrewFan]

its under litecoin trading now instead of the BTC... both those sites.

Found on Cryptsy. Thanks for the tip. Can't see on Coinchoose.

They have a litecoin menu too now... so those traded with LTC also will be listed under that tab.

[thisnewcoin]

there