[GPUC] GPU Coin | Mandatory Wallet Update

[scott0577]

Update:
There have also been three murders this last week, so I now have 2 jobs and have moved her out of Lake Edwards, VA Beach.

Police are investigating two separate killings in the same Virginia Beach neighborhood hours apart.

The first shooting occurred around 10:30 p.m. Friday in the Lake Edwards subdivision, where police found two men on the 5900 block of Margate Avenue suffering from gunshot wounds, according to Virginia Beach Police spokesman Lonnie Cain.

One victim was pronounced dead at the hospital. The other is currently in stable condition.

The second shooting, around 5 a.m. Saturday, was on the 700 block of Barrison Way, according to Cain. The victim in that shooting, a male, was pronounced dead at the scene.

[jollyriffic]

Update:
There have also been three murders this last week, so I now have 2 jobs and have moved her out of Lake Edwards, VA Beach.

Police are investigating two separate killings in the same Virginia Beach neighborhood hours apart.

The first shooting occurred around 10:30 p.m. Friday in the Lake Edwards subdivision, where police found two men on the 5900 block of Margate Avenue suffering from gunshot wounds, according to Virginia Beach Police spokesman Lonnie Cain.

One victim was pronounced dead at the hospital. The other is currently in stable condition.

The second shooting, around 5 a.m. Saturday, was on the 700 block of Barrison Way, according to Cain. The victim in that shooting, a male, was pronounced dead at the scene.

and on this depressing note you've killed the rest of the chat lol

[drakoin]

Okay guys GPUCoin 0.8.7.2 released.
  - OpenSSL heartbleed fix
https://mega.co.nz/#!rgJxnIrb!kb2IroSBkaT2kwjvQGz4da2E9vqbspdY64tGGDc0Q9g

The download from http://gpucoin.net/ is still 0.8.6.2

The media fire download says "Uploaded: 2014-03-08 16:29:28"

The OP link www.gpucoin.net/GPUCoin.zip gives a 404.

[Relnarien]

The problem with a cryptotrader-based market is that cryptotraders tend to look at coins exclusively as property and almost never as currency. A lot of people would be glad to spend their GPUcoins to buy old yet still functional mining hardware from other people (on the cheap, of course), but cryptotraders are so focused on playing the market that they fail to see the benefit and potential profitability of offering merchant support to the coin themselves.

[Counterpartybtc]

I thought the quantity limit was supposed to be removed a week after the store opens? If Jaymes is waiting for the last of the 240s to go before ordering the next batch, it would be wise to remove the limit.

[jubehat]

Cool 

[jimlite]

This may help Hendr1x and it is an easy way to by bitcoin with Paypal or Credit Cards,
though at a limit and price. Then people can convert btc to gpuc at an exchange.

http://www.bitcoininsanity.com/

[micryon]

It's very important that all sites gets updated asap with links, else we will have a serious hardfork problem in 2 weeks.

Okay guys GPUCoin 0.8.7.2 released.
  - OpenSSL heartbleed fix
https://mega.co.nz/#!rgJxnIrb!kb2IroSBkaT2kwjvQGz4da2E9vqbspdY64tGGDc0Q9g

The download from http://gpucoin.net/ is still 0.8.6.2

The media fire download says "Uploaded: 2014-03-08 16:29:28"

The OP link www.gpucoin.net/GPUCoin.zip gives a 404.

[jimlite]

It's very important that all sites gets updated asap with links, else we will have a serious hardfork problem in 2 weeks.

Okay guys GPUCoin 0.8.7.2 released.
  - OpenSSL heartbleed fix
https://mega.co.nz/#!rgJxnIrb!kb2IroSBkaT2kwjvQGz4da2E9vqbspdY64tGGDc0Q9g

The download from http://gpucoin.net/ is still 0.8.6.2

The media fire download says "Uploaded: 2014-03-08 16:29:28"

The OP link www.gpucoin.net/GPUCoin.zip gives a 404.

EVERYONE DOWNLOAD THE GPUCoin 0.8.7.2 WALLET IN THE ABOVE LINK.
AND JAYMES, BETWEEN DODGING BULLETS, CAN YOU DO WHAT MICRYON
ASKS AND UPDATE THE FIRST PAGE OF THIS FORUM TO HAVE THE CORRECT
AND WORKING DOWNLOAD LINKS FOR THE NEW WALLET, AND GET RID OF THE
OLD WALLET?  IF EVERYONE DOESN'T DOWLOAD AND SWITCH TO THE 0.8.7.2
WALLET, WE ARE GOING TO HAVE SERIOUS PROBLEMS WITH 2 GPU COINS!

[benedictlol]

It's very important that all sites gets updated asap with links, else we will have a serious hardfork problem in 2 weeks.

Okay guys GPUCoin 0.8.7.2 released.
  - OpenSSL heartbleed fix
https://mega.co.nz/#!rgJxnIrb!kb2IroSBkaT2kwjvQGz4da2E9vqbspdY64tGGDc0Q9g

The download from http://gpucoin.net/ is still 0.8.6.2

The media fire download says "Uploaded: 2014-03-08 16:29:28"

The OP link www.gpucoin.net/GPUCoin.zip gives a 404.

EVERYONE DOWNLOAD THE GPUCoin 0.8.7.2 WALLET IN THE ABOVE LINK.
AND JAYMES, BETWEEN DODGING BULLETS, CAN YOU DO WHAT MICRYON
ASKS AND UPDATE THE FIRST PAGE OF THIS FORUM TO HAVE THE CORRECT
AND WORKING DOWNLOAD LINKS FOR THE NEW WALLET, AND GET RID OF THE
OLD WALLET?  IF EVERYONE DOESN'T DOWLOAD AND SWITCH TO THE 0.8.7.2
WALLET, WE ARE GOING TO HAVE SERIOUS PROBLEMS WITH 2 GPU COINS!

Any heroes about to create mac?

[kcheel]

Just wanted to say thanks to whoever just went on the big GPUC buying spree.   

[pastet89]

It was Santa Claus and the good dwarfs  

[waltsmith]

It was Santa Claus and the good dwarfs  

Evidently it was someone that wanted a cheap GPU at the store, and that API pull from bittrex needs to be fixed ASAP. To easy to manipulate the price there and get a card for just a few dollars.

waltsmith

[lemfuture]

It was Santa Claus and the good dwarfs  

Evidently it was someone that wanted a cheap GPU at the store, and that API pull from bittrex needs to be fixed ASAP. To easy to manipulate the price there and get a card for just a few dollars.

waltsmith

dumpers lost

[illiki23]

Yeah, that is one problem with this system.

Anyone can stock up for awhile, jack the price up, and clean the store out.

There is not enough liquidity to prevent this.  Right now Toxics are going for 6 million and there are only 4 left.

You can prevent this by putting in a safeguard where the price cannot change more than so much every day.  This way if the price is pumped up it will take a few days before the price climbs to meet this level.

[jimlite]

Well it is really not a bad thing.  It is a free market, and if miners want to dump their coins on the cheap at 5 satoshi, well yeah, someone could buy them all up and get a gpu at 1/2 price, BUT then all the low sell orders will be gone and the next person would need to pay the "real" price of 18 satoshi to buy gpu coin.  So in conclusion if a miner wants to dump his coins at below his electricity cost, yes, a buyer will get lucky, but that is how things work and 10 minutes ago CEO could only sell gpuc at 5 satoshi, now he can sell them at 18 satoshi, so did he really lose anything? NO, but he NEEDS to market this coin like crazy to get the price and volume higher, then the problem will go away.

[illiki23]

Well it is really not a bad thing.  It is a free market, and if miners want to dump their coins on the cheap at 5 satoshi, well yeah, someone could buy them all up and get a gpu at 1/2 price, BUT then all the low sell orders will be gone and the next person would need to pay the "real" price of 18 satoshi to buy gpu coin.  So in conclusion if a miner wants to dump his coins at below his electricity cost, yes, a buyer will get lucky, but that is how things work and 10 minutes ago CEO could only sell gpuc at 5 satoshi, now he can sell them at 18 satoshi, so did he really lose anything? NO, but he NEEDS to market this coin like crazy to get the price and volume higher, then the problem will go away.

There is a risk though.

What if someone saved up enough coins, buying low over a long period of time?

If they pump the price on bittrexx up they can clean out the store.  Most of the 280x units were sold today so this might have been what happened.  If this happens then there will be no units for the next people to by, or not enough to make up for the discount the one person received.

And it is clear the price will not stay up there, it has already dropped down to right above its average price lately.

[vesperwillow]

Yeah, that is one problem with this system.

Anyone can stock up for awhile, jack the price up, and clean the store out.

There is not enough liquidity to prevent this.  Right now Toxics are going for 6 million and there are only 4 left.

You can prevent this by putting in a safeguard where the price cannot change more than so much every day.  This way if the price is pumped up it will take a few days before the price climbs to meet this level.

The pricing algorithm I suggested to the team included a simple method do protect against this exact situation.

As usual, whomever is in charge seemed to ignore the suggestion. The developers are far more dedicated to this than the owner, at least based on the fruits of everything so far. To ignore lots of good input from many people is just beyond suicide.

[svenp]

There's also the little matter of using the ask instead of the bid which makes this inevitable.  Pretty dumb...

I can't imagine what the business plan is here.  Burn up all the IPO money and then say 'sorry guys' seems most likely.

[illiki23]

I am curious as to how hard GPUCoin was hit today.

They had 15 280x units for sale and within a very short time that dropped to 4.  I am assuming that whoever jacked the price up had been saving up coins for awhile and bought most of those.