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Author Topic: [ANN] GoldCoin (GLD) - The Gold Standard of Digital Currency | Important Update  (Read 4708 times)
digitalindustry
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August 03, 2013, 10:25:22 AM
 #61

This update lowers the miner rewards




We are proud to announce the latest updated to GoldCoin.

The development team and staff have been working around the clock to make this the very best version to date.

We have addressed a number of issues related to the previous client. The syncing issues and Litecoin upgrade alert have been fixed. In addition, there have been improvements made in the areas of coin generation, block reward, and difficulty retarget time.

For a more in depth look at the changes and an explanation regarding those changes, please take a look at the official patch documentation here:

http://www.gldcoin.com/documents/GoldCoin_Patch_v1.2.pdf

There will be a hard-fork at block 45000 which is currently estimated to occur on August 1, 2013. All current users should update their clients at least 24 hours prior to the fork. It is recommended that you backup your current wallet before performing this upgrade.

To update your client please visit the official website and select the version of the client that matches your operating system:

http://www.gldcoin.com

Join the discussion at GLDTalk.org:

https://www.gldtalk.org/index.php?topic=221.0


From the PDF:

Before fork: 1 block = 2.5 minutes = 500 GLD
After fork: 1 block = 2 minutes = 45 GLD


This means
Before (early adopters): money supply = 200 GLD/minute
After (new adopters): money supply = 22.5 GLD/minute


let me simply explain that - its called a classic throttle -

by lowering the block reward you restrict the money supply , thus there may be naturally less sellers than any poor buyers bilked out of their investment money and the price will appreciably rise.

were upon you can dump your 7 million or so .

its not that much different to rise in interest rates raising the "price" of money , and throttling the economy in some possibilities .

tiny rick !
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Lauda
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August 03, 2013, 10:36:48 AM
 #62

He doesn't have 7mil, he's not the orginal dev  Cheesy Wink

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unthy
akumaburn
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The Gold Standard of Digital Currency.


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August 04, 2013, 10:45:32 PM
 #63

He doesn't have 7mil, he's not the orginal dev  Cheesy Wink

The original dev being Hyoshi .. aka creator of Nibble.



let me simply explain that - its called a classic throttle -

by lowering the block reward you restrict the money supply , thus there may be naturally less sellers than any poor buyers bilked out of their investment money and the price will appreciably rise.

were upon you can dump your 7 million or so .

its not that much different to rise in interest rates raising the "price" of money , and throttling the economy in some possibilities .

Hah digitalindustry, I suggest you think twice about accusing me...

In all seriousness though,

We didn't premine anything, I am not the original dev, I've bought all my coins on the open market, and the original dev couldn't have premined more than 1.2M, most of those coins are likely gone by now.
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August 04, 2013, 11:44:07 PM
 #64

He doesn't have 7mil, he's not the orginal dev  Cheesy Wink

The original dev being Hyoshi .. aka creator of Nibble.



let me simply explain that - its called a classic throttle -

by lowering the block reward you restrict the money supply , thus there may be naturally less sellers than any poor buyers bilked out of their investment money and the price will appreciably rise.

were upon you can dump your 7 million or so .

its not that much different to rise in interest rates raising the "price" of money , and throttling the economy in some possibilities .

Hah digitalindustry, I suggest you think twice about accusing me...

In all seriousness though,

We didn't premine anything, I am not the original dev, I've bought all my coins on the open market, and the original dev couldn't have premined more than 1.2M, most of those coins are likely gone by now.


From memory the orginal dev had about 2mil (premine, early mining, trading), however of that he gave a few away, sold (then also bought back a few), its possible he still holds a million or so, but there are certainly others with more (however there was never any 7mil premine).

I am sure a few of the current dev team have bought/mined a few but none of that seems to be for any malace intent or short term profiteering.

BTW I am someone hugely critical of gldcoin and myself am no friend of microguy (if you check the history). I just don't like too much bs spread.

From cryptsy chat etc I am sure plenty of even the anti gldcoin crowd hold a few just incase microguy and his team gets it right, stranger things have happen.

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August 05, 2013, 07:51:00 AM
 #65

A few early adopters hold a lot, i remeber a miner getting 100k a day  Cheesy

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unthy
BitJohn
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August 24, 2013, 10:34:35 PM
 #66

Wanted to announce GLD coin is now trading in BTC and LTC markets.

To celebrate made the Goldcoin family an avatar:
bitcoin-world.de
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August 24, 2013, 11:26:17 PM
 #67

I thought the android app will be released today !?!?!?!?
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August 25, 2013, 03:21:19 AM
 #68

Wanted to announce GLD coin is now trading in BTC and LTC markets.

To celebrate made the Goldcoin family an avatar:


This is great news!

Thanks to BitJohn, BigVern, and the entire crew at Cryptsy for this most welcome addition of Goldcoin to the BTC market.  Grin

I thought the android app will be released today !?!?!?!?

The Goldcoin Android App was released yesterday to forum members of http://GLDTalk.org for beta testing. The download link is in the last forum titled "Twilight Zone" and is viewable by forum members only. All beta testers receive 200 GLD for testing! Registration is of course free.
 

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August 25, 2013, 11:08:47 AM
 #69

A fine way to get people into your forums  Smiley

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unthy
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August 25, 2013, 11:35:58 AM
 #70

to make GLD more public, make the betaversion here in this main forum public, so everybody can test it and show other friends.
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August 25, 2013, 12:00:44 PM
 #71

... Stay tuned to this thread for an exciting Goldcoin giveaway announcement coming soon!

where is this?
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August 25, 2013, 12:05:06 PM
 #72

... Stay tuned to this thread for an exciting Goldcoin giveaway announcement coming soon!

where is this?
http://www.wowwiki.com/Soon
That's what he meant.

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August 25, 2013, 02:11:40 PM
 #73

to make GLD more public, make the betaversion here in this main forum public, so everybody can test it and show other friends.

We decided to test it first to make sure it's functioning correctly before releasing to the public.

... Stay tuned to this thread for an exciting Goldcoin giveaway announcement coming soon!

where is this?

The giveway started August 13th and is here: https://bitcointalk.org/index.php?topic=273270.0

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January 27, 2014, 03:59:18 PM
 #74

Wanted to announce GLD coin is now trading in BTC and LTC markets.

To celebrate made the Goldcoin family an avatar:


Goldcoin all the way, I've bought nice amount at Cryptsy and ATM I'm at 20% profit. Mining diff is growing fast (+120% in 24 hours) so I hope price will hit 0,00005
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