GoldCoin™ (GLC) Thread - The Gold Standard of Digital Currency [OFFICIAL THREAD]

[cendana287]

As Bitcoin devolves into a complex mess of overlapping systems, GoldCoin shall remain a shining example of trustless simplicity.

Rather off-topic: I'm new to Bitcointalk and Goldcoin. Saw the latter at WorldCoinIndex, had a quick look at the website, kind of like what I saw, and bought some GLD at Bittrex.

When I came here, was pleasantly surprised to see the first post - it's from late 2013...almost 4 years ago! This project may not be well-known but with this kind of mileage, it's evidence that GLD isn't some opportunistic altcoin meant only to enrich the creators.

I'm taking this a lot more seriously now. Will download and install the client on my desktop and Android phone. Plus continue to learn more. Not to mention buying more GLD from time to time.

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[MicroGuy]

As Bitcoin devolves into a complex mess of overlapping systems, GoldCoin shall remain a shining example of trustless simplicity.

Rather off-topic: I'm new to Bitcointalk and Goldcoin. Saw the latter at WorldCoinIndex, had a quick look at the website, kind of like what I saw, and bought some GLD at Bittrex.

When I came here, was pleasantly surprised to see the first post - it's from late 2013...almost 4 years ago! This project may not be well-known but with this kind of mileage, it's evidence that GLD isn't some opportunistic altcoin meant only to enrich the creators.

I'm taking this a lot more seriously now. Will download and install the client on my desktop and Android phone. Plus continue to learn more. Not to mention buying more GLD from time to time.

Thanks for posting your thoughts. Please let us know if you have any comments or questions. Welcome to Goldcoin!

[MicroGuy]

Sunday Meeting August 20th Highlights

Please find below highlights from Sunday's Skype meeting.

Note: The information below consists largely of my pre-meeting notes. There were several topics discussed during the Q&A portion of the meeting not included below. If you want to be sure to catch everything, be sure to catch the next meeting.

Opening: "GoldCoin (GLD) is the world's first Hard Money. A super secure value store and cash payment system for the New Digital World."

1.  Nova Exchange volume has been increasing lately and accounted for the second highest Goldcoin volume over the past 24 hours behind Bittrex. This is a positive sign indicating greater trading distribution.

2.  Mike Hearn has just released never-before-seen letters between himself and Satoshi Nakamoto. These letters provide the last remaining pieces of the puzzle. We now have the the entire blueprint for completing the vision of a trustless, permissionless currency (aka digital gold), and delivering it via the Goldcoin brand.

Source: https://bitcointalk.org/index.php?topic=2080206.0

3.  Today's meeting was recorded via screen capture and will be archived for possible publishing at a late date.

4.  As predicted at our last Sunday meeting, Goldcoin has broken through its 10 cents resistance level of 4 years. It appears that 10 cents is now a strong level of support. The Goldcoin price continues to demonstrate remarkable stability, considering the recent turbulence in Bitcoin, and continues its steady upward trajectory month over month.

5.  To ensure success we must remove all potential points of failure. As long as we are dependent on any device, exchange, provider, or individual, we are exposed and at risk. The internet is a prime example of proper decentralized scale. Goldcoin aims to be the internet of money. There is no other way to achieve unlimited scale.

 "Distributed, decentralized systems have an inherent power that literally obsoletes centralized systems. This is obvious even to the most casual observer. We have known this for decades. It was not until the arrival of the blockchain, however, that we had a tool capable of melding "decentralized" and "distributed" into a single unit within which no central authority whatsoever was necessary." ~ John McAfee

~~

Meetings are held every other Sunday @ 7:00 p.m. eastern time. For info on joining please visit: https://www.facebook.com/groups/goldcointalk/

[shveicar]

Hi.
Is Goldcoin planning any technological changes?
The market for many script coins is going through a crisis today, but GLD is holding pretty well, but do not you think that just just one POW technology today is already scarce for building a successful business model?

[MicroGuy]

Hi.
Is Goldcoin planning any technological changes?
The market for many script coins is going through a crisis today, but GLD is holding pretty well, but do not you think that just just one POW technology today is already scarce for building a successful business model?

Over the years, Goldcoin has made several technological improvements and continues to evolve. Our marketcap is growing steadily at a rate of 10% month-over-month.

Amir has upgraded the currency’s blocksize to an optimal 2 MB, improved the protocol’s difficulty adjustment algorithm, and added an innovative strip-mining defense system. Our network currently has 10X the network capacity of the leading coin w/ 5X faster transactions. A major rebase is scheduled for the Fall which will be followed by a thin client for Windows.

It's important also to consider the consumer, who will ultimately be the true test, wants a currency that's familiar, secure, sovereign, easy to use, and fast. They generally have zero concern about which mining scheme is being utilized.

Block rewards in order:
Blocks 1 – 200 = 10,000 GLD
Blocks 201 – 2,200 = 1,000 GLD
Blocks 2,201 – 44,999 = 500 GLD
Block 45,000 reward drops to 45 GLD
Block xxx,xxx reward drops to 32 GLD
Block 372,000 reward drops to 4 GLD
Reward is then reduced each year using the following formula:
50 divided by (1.1 + 0.49*every year thereafter)
 Block replies seem pretty good. Not sure how long Goldcoin will last though

Total number of coins to be mined is 72,245,700 over an 85 year mining period.

[shveicar]

Hi.
Is Goldcoin planning any technological changes?
The market for many script coins is going through a crisis today, but GLD is holding pretty well, but do not you think that just just one POW technology today is already scarce for building a successful business model?

Over the years, Goldcoin has made several technological improvements and continues to evolve. Our marketcap is growing steadily at a rate of 10% month-over-month.

Amir has upgraded the currency’s blocksize to an optimal 2 MB, improved the protocol’s difficulty adjustment algorithm, and added an innovative strip-mining defense system. Our network currently has 10X the network capacity of the leading coin w/ 5X faster transactions. A major rebase is scheduled for the Fall which will be followed by a thin client for Windows.

It's important also to consider the consumer, who will ultimately be the true test, wants a currency that's familiar, secure, sovereign, easy to use, and fast. They generally have zero concern about which mining scheme is being utilized.

It is interesting.
I agree that most of the users do not pay much attention to the specification of the coin and its technical characteristics.
But these users are well aware of the financial benefits which for they offer this or that crypto currency.
For example, there are coins that pay users annual interest rates (POS) or reward to large owners (Masternode holders).
What can you say about this?
Does the Goldcoin team have plans to use such technologies, encouraging large investors for your system?

[MicroGuy]

It is interesting.
I agree that most of the users do not pay much attention to the specification of the coin and its technical characteristics.
But these users are well aware of the financial benefits which for they offer this or that crypto currency.
For example, there are coins that pay users annual interest rates (POS) or reward to large owners (Masternode holders).
What can you say about this?
Does the Goldcoin team have plans to use such technologies, encouraging large investors for your system?

Thank you for your comments. While we continue to explore ways of making Proof of Work more energy efficient, we do not plan on adding PoS or Masternodes due primarily to the fact these systems have a downside risk of centralization.

[MicroGuy]

New Goldcoin artwork to be used in news articles and press releases. So what do you guys think? #goldcoin



Full size: https://www.goldcointalk.org/devteam/goldcoin_dollar.jpg

[Shanto]

Hey Dev, any new developments in the works? 

[MicroGuy]

Hey Dev, any new developments in the works?  

For the Fall we have scheduled:

-- Completed iOS application
-- Client rebase
-- Website improvements
-- Newsletter and Blog
-- Additional logo artwork  

You can follow the complete development process here: https://www.goldcointalk.org/index.php?topic=3602.0

[Radent]

GLD is good crypto with integration on Trading View.. Most popular like BTC ETH DASH

[Radent]

GLD is good crypto with integration on Trading View.. Most popular like BTC ETH DASH

[ja23]

Today I thought about GoldCoin and wondered what's been happening here.

I remember years ago the OP saying that he won't drink any beer until it hits a certain price point or something.

Today I checked coin market cap and the last 24 hours the volume has been $1,445,380. What is going on?

[altcoinking3]

Today I thought about GoldCoin and wondered what's been happening here.

I remember years ago the OP saying that he won't drink any beer until it hits a certain price point or something.

Today I checked coin market cap and the last 24 hours the volume has been $1,445,380. What is going on?

Front page of Bittrex right now. That might be it.

[802529er]

New Goldcoin artwork to be used in news articles and press releases. So what do you guys think? #goldcoin



Full size: https://www.goldcointalk.org/devteam/goldcoin_dollar.jpg

Really nice design, looking forward to storing some GLD in my iOS wallet soon!

[Radent]

Nice small big price pump on Nova until 60k sat.

[ja23]

Today I thought about GoldCoin and wondered what's been happening here.

I remember years ago the OP saying that he won't drink any beer until it hits a certain price point or something.

Today I checked coin market cap and the last 24 hours the volume has been $1,445,380. What is going on?

Front page of Bittrex right now. That might be it.

But is that enough to make a coin suddenly have almost 1.5 million dollars in volume over a 24 hour period?

Then someone would be able to make a lot of money by simply buying whatever coin Bittrex decided to put on its front page, and then dumping it. Repeating the same process the next day.

[MicroGuy]

But is that enough to make a coin suddenly have almost 1.5 million dollars in volume over a 24 hour period?

Then someone would be able to make a lot of money by simply buying whatever coin Bittrex decided to put on its front page, and then dumping it. Repeating the same process the next day.

Bittrex didn't "decide" to put Goldcoin on its front page. Goldcoin was displayed on the front page because it was the exchanges's largest % gainer.

[notabeliever]

Anyone else having block sync issues? been syncing from high 260400 and  for 5 days now. well solved by starting  over with a new wallet and new directory etc

[ja23]

But is that enough to make a coin suddenly have almost 1.5 million dollars in volume over a 24 hour period?

Then someone would be able to make a lot of money by simply buying whatever coin Bittrex decided to put on its front page, and then dumping it. Repeating the same process the next day.

Bittrex didn't "decide" to put Goldcoin on its front page. Goldcoin was displayed on the front page because it was the exchanges's largest % gainer.

That makes more sense. It still has a very Decent volume the last 24hrs. Was curious as to the reason.