[GLC] Globalcoin | 4 Year Anniversary 1.5.4! | NO IPO, NO PREMINE | [SCRYPT]

[orco#2]

http://www.globalcoin.info/ is a suitable backup

[TagBot]

Hello. Very interesting, what prospects coins? What's new developer thinks to do? Do wakes Updated wallet?

[Telescopium]

Hello.
Why there is no news?
Where is the promised update wallet. Now many alternative coin experiencing hard times.
But look how many come out of a dangerous situation with a potential attack 51%. For example Digitalcoin.
They were replaced by coins in the ternary algorithm sha256 + scrypt + X11 now their network is protected much better.
So think about it, developers Globalcoin.

[ave_chaincoin]

Bump for teh great justice!

Any news/updates?

[Barney]

Someone is silently stocking up

[crazyearner]

So is this coin now dead. And someone else is picking this coin up where it left or to build it from the ground back up. Whats the future of this coin if any?? Anyone actually taking over the project?

[ave_chaincoin]

No updates. Dev is keeping silence 

[Triffin]

GlobalCoin deserves/needs a mobile wallet ( that works  ) ..
The name demands it ..
Any chance that can happen ??

Triff ..

[orco#2]

Hopefully, 1 thing at a time, more pressing issues at the moment in my opinion.

[stevetrac]

Hopefully, 1 thing at a time, more pressing issues at the moment in my opinion.

would care too enlighten us on those issues please

[orco#2]

I believe glc may be going to x11 with pos.  But i haven't spoken to mr. Fista in a long while.  I think this will happen though. 

[Triffin]

We have decent volume and some movement today ..
Any news ??

Triff ..

[Barney]

Someone is buying this coin for  a long time without driving price much. Maybe just people buying GLC because of low market cap, low max number of coins and low inflation. Who knows.

[orco#2]

I have been talking to someone and they state that they can do the following:

+ Adding of Kimoto's gravity
+ Replace existing images with your new images
+ Changing the reward logic
+ Compile Windows wallet
+ Compile Mac wallet
+ Compile Linux wallet

For $2200.  

That seems like a lot of money to me, but I will put up some funds if anyone else cares to join.

[ave_chaincoin]

I have been talking to someone and they state that they can do the following:

+ Adding of Kimoto's gravity
+ Replace existing images with your new images
+ Changing the reward logic
+ Compile Windows wallet
+ Compile Mac wallet
+ Compile Linux wallet

For $2200.  

That seems like a lot of money to me, but I will put up some funds if anyone else cares to join.

What about changing the algo? 

[orco#2]

I thought it was included, but I have asked.

[Triffin]

I thought it was included, but I have asked.

As long as we're asking ..
How much more for a mobile wallet ??

I'm not in favor of tweaking the coin parameters  ..
We should just concentrate on making it easy to use
and marketing the 'name' ..

I assume the original dev is MIA ??
Is he/she willing to cede control of the coin etc ??

Triff ..

[orco#2]

I am of the same mind, but reward logic and client updates are a must.  As is kimoto, miners are still able to game GLC too easily.  Subsidy halves every 6 months, so need to push out pow subsidy for at least 10 years to have the subsidy high enough to attract miners.  Ten years provides a significant tail for merchant adoption.  Mobile wallet is great idea.

[icodestuff]

Here are my suggestions on updates:

Update core code, wallet and protocol versions (heartbleed, dust transactions and ssl fixes etc)

Change the algorithm: ASIC resistant and GPU friendy = Lyra2RE (PoW) + PoS

Change total mine-able coin supply: 64 million coins (PoW) (feels nicer being 8 bit binary count)

Change difficulty re-target: Retarget every block with Kimotos Gravity Well

Fixed Block Reward: 5 coins per block with no reductions.
- With roughly 4 million new coins to be mined this will provide just over a year for mining
- 40 second block target results in ~2160 block per day, with 5 GLC block reward (10,800 GLC mined per day) that leaves ~370 days to mine 4 million coins
- Do we maybe think about increasing block target to 60 seconds? giving us roughly 555 days of mining. Or even 90 seconds, that would be ~833 days (2 years) of mining (960 blocks, 4800 coins per day)

Minting (PoS): 4% interest yearly with minting eligibility 30 days post transaction
- Becomes purely PoS after 64 million mined coins
- Effectively no cap on total coin supply, like peercoin

So all of this would result in a truly "global" coin, seeing as anyone with a computer/GPU could mine; then anyone with a computer or even smartphone could mint.

[Triffin]

Here are my suggestions on updates:

Update core code, wallet and protocol versions (heartbleed, dust transactions and ssl fixes etc)

Change the algorithm: ASIC resistant and GPU friendy = Lyra2RE (PoW) + PoS

Change total mine-able coin supply: 64 million coins (PoW) (feels nicer being 8 bit binary count)

Change difficulty re-target: Retarget every block with Kimotos Gravity Well

Fixed Block Reward: 5 coins per block with no reductions.
- With roughly 4 million new coins to be mined this will provide just over a year for mining
- 40 second block target results in ~2160 block per day, with 5 GLC block reward (10,800 GLC mined per day) that leaves ~370 days to mine 4 million coins
- Do we maybe think about increasing block target to 60 seconds? giving us roughly 555 days of mining. Or even 90 seconds, that would be ~833 days (2 years) of mining (960 blocks, 4800 coins per day)

Minting (PoS): 4% interest yearly with minting eligibility 30 days post transaction
- Becomes purely PoS after 64 million mined coins
- Effectively no cap on total coin supply, like peercoin

So all of this would result in a truly "global" coin, seeing as anyone with a computer/GPU could mine; then anyone with a computer or even smartphone could mint.

Those all sound reasonable ..

So, how do we proceed ??
Who holds the 'keys to the kingdom" ??
SistaFista or someone else ??

Triff ..