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Author Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread  (Read 550442 times)
traderman
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April 23, 2015, 02:56:15 AM
 #4181

First of all, I am not the admin for Gridcoin, so if you have any problems you can take it up with him!!

So let me do the math for ya.

http://pool.gridcoin.us/CoinExchangeStatus.aspx --> Total Classic Amount Converted: 30,269,813.269 GRC  

http://explorer.gridcoin.us --> GRC classic Coinbase Amount:   31555144.7083

31555144.7083 - 30,269,813.269 = 1285331.4393

So that is approximately 1.28 mil classic coins that have not been burned.

The conversion from Gridcoin Classic to Gridcoin POR was announced in October of 2014 and ended on April 20th of 2015, so a few days ago.

Like I said, I don't know what else to tell ya.



Everyone in this community converted their coins, except for you!


I went to the Poloniex trollbox for about 5 minutes and somebody else showed up asking what happened to Gridcoin.  

So you're a liar.  

Would you like to provide us with some numbers showing the total coin supply compared to the number of coins burned?

Of course you wouldn't, because then we'd have a better idea about how many people got screwed out of their coins.
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runpaint
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April 23, 2015, 03:28:49 AM
 #4182


So that is approximately 1.28 mil classic coins that have not been burned.

So at least $10,000 to $20,000 worth of coins, if your numbers are correct.



Quote
The conversion from Gridcoin Classic to Gridcoin POR was announced in October of 2014

Announced where?  Not on Poloniex where people were buying it.  Between October and March, GRCX consistently traded for over 3000 satoshis, going almost to 6000 in November, and then over 9000 in March.  On April 20, the last day of the swap, it was still trading for 4400 before it was delisted with no notice.  All of those people buying and selling on April 20 were unaware of the swap.

If those people buying and selling on Poloniex had happened to check this topic on April 20th, what would they have seen?  Any news about the swap?  I see 4 posts from you on April 20th, and not a single word about all those coins becoming worthless:

https://bitcointalk.org/index.php?topic=324118.4180

Maybe the big reddit thread from the same day?

http://www.reddit.com/r/Futurology/comments/335ff1/the_currency_of_the_future_inherently_supports/?sort=new

No, nothing about a swap. 

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
runpaint
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April 23, 2015, 03:50:41 AM
 #4183

Quote
thetrasp
 2015-04-22 12:52:12   Huh, grcx removed all of a sudden? Or have I been away for too long again
http://www.polonibox.com/?messageId=2841484

Quote
edwardjd
 2015-04-21 17:25:16   Does poloniex have GRC?
http://www.polonibox.com/?messageId=2838782

Quote
Pascal-5eab
 2015-04-20 13:39:05   there appears to still be a lot of GRCX on deposit on Poloniex (some of it mine)
http://www.polonibox.com/?messageId=2834322

Quote
snakes
 2015-04-20 13:32:22   GeezUp, maybe a notice would be in order? There 43k+ grcx still on the books...
http://www.polonibox.com/?messageId=2834306

Quote
jasons222222
 2015-04-20 13:30:37   can someone tell busoni that GRCx is being shutdown today
http://www.polonibox.com/?messageId=2834303




How did all those people miss the big announcement?

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
traderman
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April 23, 2015, 12:10:00 PM
 #4184

It has been on the FRONT PAGE at the TOP of the main site since October : http://gridcoin.us THE MAIN SITE!!!!!!!

Twitter last call on the 20th of April: https://twitter.com/GridcoinNetwork/status/590282370852335616

Reddit: http://www.reddit.com/r/gridcoin/comments/2wy43d/important_migration_from_gridcoin_classic_to/ this post has been sitting at the TOP on the main reddit page since the start of the conversion.

If you had bother to check THE MAIN SITE, reddit gridcoin page, twitter gridcoin account: you would have known about the conversion a long time ago!!!!!!

Like I said, I don't know what to tell you or anyone else who did not bother keeping up with the news updates!

BTW, I alerted and mentioned to Poloniex on numerous occasions about the switch and they were well aware of it and did not even bother to make any announcements on their exchange, which I personally consider very unprofessional.




So that is approximately 1.28 mil classic coins that have not been burned.

So at least $10,000 to $20,000 worth of coins, if your numbers are correct.



Quote
The conversion from Gridcoin Classic to Gridcoin POR was announced in October of 2014

Announced where?  Not on Poloniex where people were buying it.  Between October and March, GRCX consistently traded for over 3000 satoshis, going almost to 6000 in November, and then over 9000 in March.  On April 20, the last day of the swap, it was still trading for 4400 before it was delisted with no notice.  All of those people buying and selling on April 20 were unaware of the swap.

If those people buying and selling on Poloniex had happened to check this topic on April 20th, what would they have seen?  Any news about the swap?  I see 4 posts from you on April 20th, and not a single word about all those coins becoming worthless:

https://bitcointalk.org/index.php?topic=324118.4180

Maybe the big reddit thread from the same day?

http://www.reddit.com/r/Futurology/comments/335ff1/the_currency_of_the_future_inherently_supports/?sort=new

No, nothing about a swap.  
GRCnation
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April 23, 2015, 01:04:09 PM
 #4185

yes, and the technology had to change in order to be able to increase efficiency from 50% (alongside scrypt) to whopping 98% of computational power which is utilized for science!
This blockchain is so damn bleeding edge, it took quite an effort to convey our main developer not to drop update releases on prod multiple times daily.
Community had decided to announce and deploy a 6 MONTHS grace period for conversion. Our other exchanges worked with us, Poloniex failed again.
Find an overview at http://uscore.net

It has been on the FRONT PAGE at the TOP of the main site since October : http://gridcoin.us THE MAIN SITE!!!!!!!

Twitter last call on the 20th of April: https://twitter.com/GridcoinNetwork/status/590282370852335616

Reddit: http://www.reddit.com/r/gridcoin/comments/2wy43d/important_migration_from_gridcoin_classic_to/ this post has been sitting at the TOP on the main reddit page since the start of the conversion.

If you had bother to check THE MAIN SITE, reddit gridcoin page, twitter gridcoin account: you would have known about the conversion a long time ago!!!!!!

Like I said, I don't know what to tell you or anyone else who did not bother keeping up with the news updates!

BTW, I alerted and mentioned to Poloniex on numerous occasions about the switch and they were well aware of it and did not even bother to make any announcements on their exchange, which I personally consider very unprofessional.




So that is approximately 1.28 mil classic coins that have not been burned.

So at least $10,000 to $20,000 worth of coins, if your numbers are correct.



Quote
The conversion from Gridcoin Classic to Gridcoin POR was announced in October of 2014

Announced where?  Not on Poloniex where people were buying it.  Between October and March, GRCX consistently traded for over 3000 satoshis, going almost to 6000 in November, and then over 9000 in March.  On April 20, the last day of the swap, it was still trading for 4400 before it was delisted with no notice.  All of those people buying and selling on April 20 were unaware of the swap.

If those people buying and selling on Poloniex had happened to check this topic on April 20th, what would they have seen?  Any news about the swap?  I see 4 posts from you on April 20th, and not a single word about all those coins becoming worthless:

https://bitcointalk.org/index.php?topic=324118.4180

Maybe the big reddit thread from the same day?

http://www.reddit.com/r/Futurology/comments/335ff1/the_currency_of_the_future_inherently_supports/?sort=new

No, nothing about a swap.  

Still wasting energy on Proof-of-Work? c Gridcoin!
spassbold
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April 23, 2015, 01:39:02 PM
 #4186

wait is it not still possible to convert the coins? You can still convert them to Gridcoin Research afaik?

But hurry up, the conversion period is officially already over!
traderman
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April 23, 2015, 02:01:32 PM
 #4187

I don't know if the GRC classic chain is still running or if anyone is even mining it. My impression was that 20th of April was the cutoff period.

wait is it not still possible to convert the coins? You can still convert them to Gridcoin Research afaik?

But hurry up, the conversion period is officially already over!
runpaint
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April 23, 2015, 03:14:17 PM
 #4188

If you had bother to check THE MAIN SITE, reddit gridcoin page, twitter gridcoin account: you would have known about the conversion a long time ago!!!!!!


I would have bothered to check, but I didn't know the people running the coin were untrustworthy and required constant vigilance, like you're saying.  Nobody told me, "If you have Gridcoin, you need to check regularly to see if you're being fucked out of your money."

So when people get the new Gridcoin, how often should they check online to see if their coins are being cancelled and made worthless?  Once a month? 

When I bought Gridcoin, there was no requirement to have Twitter.  They just took my bitcoins.  So, for the new Gridcoin, are you required to buy the coins with your Twitter account so you can be notified when the coins are obsolete?

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
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April 23, 2015, 03:30:46 PM
 #4189

try to convert them, it should still work, the conversion is not yet shut down!

here: http://pool.gridcoin.us/CoinExchange.aspx
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April 23, 2015, 10:39:21 PM
 #4190

Your coins aren't worthless, Poloniex still has them and they can still be burned.  We have no control over how Poloniex conducts it's business or what it announces.  They were contacted multiple times between September (before the process started) and the April  20th deadline and were aware of the changes.  It was their choice as to what action they took with that information.

I have been in contact with Poloniex attempting to help them with the transition and the conversion pool is still active and able to burn coins for conversion, a few of us are still supporting the classic chain with hashes just so Polo can burn their remaining coins.

While I understand your frustration that you can't access your coins at this time, I assure you we are working with them to help resolve this even though the deadline has passed. We want nothing more than for everyone who wants their coins to be converted to have them converted.  It is my hope they will have this resolved in the next 24-48 hours and you will be able to either withdraw your coins as research coins and trade them on another exchange or if Poloniex chooses to open a Gridcoin-Research market buy & sell GRC on Poloniex once again.



So that is approximately 1.28 mil classic coins that have not been burned.

So at least $10,000 to $20,000 worth of coins, if your numbers are correct.



Quote
The conversion from Gridcoin Classic to Gridcoin POR was announced in October of 2014

Announced where?  Not on Poloniex where people were buying it.  Between October and March, GRCX consistently traded for over 3000 satoshis, going almost to 6000 in November, and then over 9000 in March.  On April 20, the last day of the swap, it was still trading for 4400 before it was delisted with no notice.  All of those people buying and selling on April 20 were unaware of the swap.

If those people buying and selling on Poloniex had happened to check this topic on April 20th, what would they have seen?  Any news about the swap?  I see 4 posts from you on April 20th, and not a single word about all those coins becoming worthless:

https://bitcointalk.org/index.php?topic=324118.4180

Maybe the big reddit thread from the same day?

http://www.reddit.com/r/Futurology/comments/335ff1/the_currency_of_the_future_inherently_supports/?sort=new

No, nothing about a swap.  

Gridcoin: scientia humana libertas
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April 24, 2015, 11:19:31 AM
 #4191

Thanks for being patient with me, I thought the swap was closed.  I shouldn't have been so hostile, and I apologize.

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
spassbold
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April 24, 2015, 07:06:46 PM
 #4192

good to hear it's all sorted out Smiley
TrackCoin1
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April 24, 2015, 07:13:15 PM
 #4193

GRC becoming top level day after day.. Smiley

traderman
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April 26, 2015, 02:01:44 AM
 #4194

Gridcoin Research has been added to Poloniex: https://poloniex.com/exchange#btc_grc
GRCnation
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April 26, 2015, 11:16:46 AM
 #4195

heard they converted every single coin on behalf of their customers, so there is nothing lost and everyone should be happy Wink

Gridcoin Research has been added to Poloniex: https://poloniex.com/exchange#btc_grc

Still wasting energy on Proof-of-Work? c Gridcoin!
G2M
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April 26, 2015, 11:20:51 AM
 #4196

heard they converted every single coin on behalf of their customers, so there is nothing lost and everyone should be happy Wink

Gridcoin Research has been added to Poloniex: https://poloniex.com/exchange#btc_grc

I'm pretty sure they did, I used to have .0001xxx gridcoin on there leftover from a trade, now I have .001xxx gridcoin research.

Wind picked up: F4BC1F4BC0A2A1C4

banditryandloot goin2mars kbm keyboard-mash theusualstuff

probably a few more that don't matter for much.
GRCnation
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April 26, 2015, 10:58:08 PM
 #4197

heard they converted every single coin on behalf of their customers, so there is nothing lost and everyone should be happy Wink

Gridcoin Research has been added to Poloniex: https://poloniex.com/exchange#btc_grc

I'm pretty sure they did, I used to have .0001xxx gridcoin on there leftover from a trade, now I have .001xxx gridcoin research.
hahaha, to the last hundreth of a penny. enjoy your stake Cheesy

Still wasting energy on Proof-of-Work? c Gridcoin!
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April 27, 2015, 09:10:22 AM
 #4198

they converted my leftover as well, nice work poloniex!
unfortunately it's just too little to trade or move anywhere ;-)

runpaint
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April 27, 2015, 01:39:35 PM
 #4199

nice work poloniex!

Yeah nice work telling me to withdraw it immediately, which I already did.

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
pallas
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April 27, 2015, 01:45:00 PM
 #4200

nice work poloniex!

Yeah nice work telling me to withdraw it immediately, which I already did.

poloniex told you that?

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