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GuncoinInfo
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June 20, 2018, 02:22:50 PM |
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Oooh, I like the segwit coins in a native segwit address.
Yes, GUN is current with everything now. More to come..... |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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GuncoinInfo
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June 22, 2018, 06:44:47 PM |
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I'd like to address some questions on masternodes from some of other social media outlets that has come up this week.....That has been a hot topic for well over a year and something we have considered and NEVER ruled out. It is still seriously being considered by the Guncoin Team. But as many of you know, not something we can just roll in to the current coin.
Keep in mind that our path that we set out on a year ago was to bring GUN totally current with technology using the Bitcoin Core model with a few extra bells and whistles along the way. To date, we have successfully met that goal (ahead of schedule) and like other coins following the Bitcoin Core, we are on the Lightning Network path and have a VERY VERY capable coin.
Our goal has always been and really still is, to provide a totally safe, secure, stable and fast way to handle firearms tranactions for merchants who choose to use GUN in place of a typical merchant account. At this point, we are right there - that is what GUN is today! While there are not a lot of dealers/sellers using GUN yet, there are some using it regularly with much success. We are thrilled to death where GUN is today and what it offers the every day gun dealer for transaction purposes.
NOW, the other side of the coin (no pun intended) is those who choose to INVEST in GUN and have been doing so very loyally for may years. While they have always come second to our primary goal stated above, they have and will not be ignored and we have full plans to address their needs as well - it is just not possible for the GUN Team to do EVERYTHING at once and loose focus on what we are trying to get done - So that is where masternodes could possibly come into the picture in looking out for long-time GUN investors and miners.
Simply put, we are still a small coin with huge potential, but the reality is that we cannot do everything at once. Anything we do, takes time and money - nothing is free. While there are may great ideas (like masternodes, privated networks, smart contracts, etc.), they cannot all be done at once, cost money and in many cases, cannot be done within the same coin with current programming technology. That may disappoint some or many of you, but that is the reality of it. GUN is currently a Proof of Work (PoW) coin and has been since day one. Masternode coins for the most part are Proof of Stake (PoS) - those two architectures for the most part are not really compatible with each other in the same coin or token.
The GUNCOIN team has never been one to chase technology and be on the bleeding edge of things. That goes against our principle of providing a solid and stable coin like we described above. If you remember, we waited several years for technology to advance to a point and the altcoin acceptance was at a point for us to implement what we have done over the past 8-9 months. For those who stayed with us - you know it was worth the wait.
So for those that follow Altcoins, you are aware that there are several hybrid coins out there that fall into the PoW/PoS hybrid category that offer advantages of both PoS and PoW. While those are VERY attractive to us and we keep close watch on them, we are not 100% sure that is the correct path for the current GUN that we have now.They are very new in mumber, appear to be functioning well and provide a coin usable for day-to-day transactions AND something worthwhile for coin investors. As this technology and coding matures, it is a very real possibility for GUN in the near future. Of course a much more simpler and quicker option is just to create a GUN PoS coin with masternodes and airdrop the coins in to current GUN owners in pools and exchanges.
At this time, we have no preference over either path and both are on the table for the GUN team to evalate and figure a way to pay for if and when we go down one of those paths. Both paths offer advantages and disadvantages as you can imagine. Right now, we have a solid, stable and easy to maintain coin - why mess with it? On the other hand, not sure we want to deal with managing 2 different coins - no matter how they are linked together. So nothing is decided and we are still evaluating the possibilitieis and accessing what can and cannot be done now. As always, we are open to your opinions and ideas that is purpose of this post.
For those who have followed GUN for many years and accumulated coins, you are aware that we do not stand still - we keep moving and try and choose our path wisely. We are not a pump and dump team, otherwise, we would have been gone long ago. We are here for the long term, still have most of GUN coin that we have mined over the years and looking forward to a bright future for GUN. As always, we appreciate you patience and support.
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turntheothercheek
Newbie
 Offline
Activity: 44
Merit: 0
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June 25, 2018, 01:08:21 PM
Last edit: June 25, 2018, 01:41:25 PM by turntheothercheek |
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I'd like to address some questions on masternodes from some of other social media outlets that has come up this week.....That has been a hot topic for well over a year and something we have considered and NEVER ruled out. It is still seriously being considered by the Guncoin Team. But as many of you know, not something we can just roll in to the current coin.
Keep in mind that our path that we set out on a year ago was to bring GUN totally current with technology using the Bitcoin Core model with a few extra bells and whistles along the way. To date, we have successfully met that goal (ahead of schedule) and like other coins following the Bitcoin Core, we are on the Lightning Network path and have a VERY VERY capable coin.
Our goal has always been and really still is, to provide a totally safe, secure, stable and fast way to handle firearms tranactions for merchants who choose to use GUN in place of a typical merchant account. At this point, we are right there - that is what GUN is today! While there are not a lot of dealers/sellers using GUN yet, there are some using it regularly with much success. We are thrilled to death where GUN is today and what it offers the every day gun dealer for transaction purposes.
NOW, the other side of the coin (no pun intended) is those who choose to INVEST in GUN and have been doing so very loyally for may years. While they have always come second to our primary goal stated above, they have and will not be ignored and we have full plans to address their needs as well - it is just not possible for the GUN Team to do EVERYTHING at once and loose focus on what we are trying to get done - So that is where masternodes could possibly come into the picture in looking out for long-time GUN investors and miners.
Simply put, we are still a small coin with huge potential, but the reality is that we cannot do everything at once. Anything we do, takes time and money - nothing is free. While there are may great ideas (like masternodes, privated networks, smart contracts, etc.), they cannot all be done at once, cost money and in many cases, cannot be done within the same coin with current programming technology. That may disappoint some or many of you, but that is the reality of it. GUN is currently a Proof of Work (PoW) coin and has been since day one. Masternode coins for the most part are Proof of Stake (PoS) - those two architectures for the most part are not really compatible with each other in the same coin or token.
The GUNCOIN team has never been one to chase technology and be on the bleeding edge of things. That goes against our principle of providing a solid and stable coin like we described above. If you remember, we waited several years for technology to advance to a point and the altcoin acceptance was at a point for us to implement what we have done over the past 8-9 months. For those who stayed with us - you know it was worth the wait.
So for those that follow Altcoins, you are aware that there are several hybrid coins out there that fall into the PoW/PoS hybrid category that offer advantages of both PoS and PoW. While those are VERY attractive to us and we keep close watch on them, we are not 100% sure that is the correct path for the current GUN that we have now.They are very new in mumber, appear to be functioning well and provide a coin usable for day-to-day transactions AND something worthwhile for coin investors. As this technology and coding matures, it is a very real possibility for GUN in the near future. Of course a much more simpler and quicker option is just to create a GUN PoS coin with masternodes and airdrop the coins in to current GUN owners in pools and exchanges.
At this time, we have no preference over either path and both are on the table for the GUN team to evalate and figure a way to pay for if and when we go down one of those paths. Both paths offer advantages and disadvantages as you can imagine. Right now, we have a solid, stable and easy to maintain coin - why mess with it? On the other hand, not sure we want to deal with managing 2 different coins - no matter how they are linked together. So nothing is decided and we are still evaluating the possibilitieis and accessing what can and cannot be done now. As always, we are open to your opinions and ideas that is purpose of this post.
For those who have followed GUN for many years and accumulated coins, you are aware that we do not stand still - we keep moving and try and choose our path wisely. We are not a pump and dump team, otherwise, we would have been gone long ago. We are here for the long term, still have most of GUN coin that we have mined over the years and looking forward to a bright future for GUN. As always, we appreciate you patience and support.
I understand the concept of time and cost of money, but for the past month, has been news in the crypto world of constant, deliberate 51% attacks and double spending... https://news.bitcoin.com/you-can-now-51-attack-a-coin-for-as-little-as-500/I must say, GUN coin indeed has a HUGE potential in the the future but will experience a huge set back should double spending occur... Maybe it's happening now and nobody in the community has a clue as the coin is relatively cheap. Bitcoin itself could have been a victim of 51% attack, while in it's early small marketcap stage, but very few were educated on the concept of how crytocurrency and blockchain technology works... By the time the Bitcoin adoption spread, those who tried to educated themselves on how to maliciously hack, 51% attack, reverse blocks, and double spend, Bitcoin, Ether, and even Litecoin prices has already risen to the point where it would be expensive and unfeasible to perform such dishonesty. In the Bitcoin early stages, it was more common to fork and create new altcoin for profits instead... But now since these POW altcoins are becoming more pricey enough to the point where miners can just immediately take their earnings on a weekly, even daily basis and sell their coins on the exchanges, cryptocrooks have also figured out a way to profit from the cheap hashrate cost of performing a 51% attack... I could be wrong, but I've notice that there were NO news on a 51% attack or double spending on POS coins as even as expensive as ETH is to perform such malice, that network is even changing to POS in the near future. POS forces individuals to purchase coins and risk losing their possessions should any dishonesty occurs... For a POS 51% attack to occur I believe one must own 51% of the coins in current existence, which is truly, relatively expensive. POW sort of does the same thing with electricity but essentially there is no explicit up front risk as your money is automatically at STAKE, in addition, should they try anything, electricity would make the hash rate costly, but to notice your coins are directly lost and taken away from you is a big ouch and nobody ever wants to experience that... . It would also be more of an incentive for miners to participate and more nodes would be added to network with a cheaper electric bill. Again Gun coin will face alot of shady obstacles during it's adoption, which would be costly, should it remain as a POW mining coin while it's cheap in price and vulnerable. |
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samspaces
Legendary
Offline
Activity: 1453
Merit: 1030
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June 25, 2018, 01:44:45 PM
Last edit: June 25, 2018, 03:11:12 PM by samspaces |
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Any mayor wallet change would require a hardfork. Any hardfork will leave 2 chains in existence.
Ultimately, the choice is about decentralization ór a coin as a managed 'product', if you will.
In the footsteps of Bitcoin would be the former, adopting other coin tech (like dash) the latter.
Decentralization entails the risk of attack, it's programmed into the architecture.
I'd say any architectural leap to avoid an attack, defines the coin more in the
realm of 'product', rather than decentralized currency.
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GuncoinInfo
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June 25, 2018, 01:47:26 PM |
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I understand the concept of time and cost of money, but for the past month, has been news in the crypto world of constant, deliberate 51% attacks and double spending... https://news.bitcoin.com/you-can-now-51-attack-a-coin-for-as-little-as-500/I must say, GUN coin indeed has a HUGE potential in the the future but will experience a huge set back should double spending occur... Maybe it's happening now and nobody in the community has a clue as the coin is relatively cheap. Bitcoin itself could have been a victim of 51% attack, while in it's early small marketcap stage, but very few were educated on the concept of how crytocurrency and blockchain technology works... By the time the Bitcoin adoption spread, those who tried to educated themselves on how to maliciously hack, 51% attack, reverse blocks, and double spend, Bitcoin, Ether, and even Litecoin prices has already risen to the point where it would be expensive and unfeasible to perform such dishonesty. In the Bitcoin early stages, it was more common to fork and create new altcoin for profits instead... But now since these POW altcoins are becoming more pricey enough to the point where miners can just immediately take their earnings on a weekly, even daily basis and sell their coins on the exchanges, cryptocrooks have also figured out a way to profit from the cheap hashrate cost of performing a 51% attack... I could be wrong, but I've notice that there were NO news on a 51% attack or double spending on POS coins as even as expensive as ETH is to perform such malice, that network is even changing to POS in the near future. POS forces individuals to purchase coins and risk losing their possessions should any dishonesty occurs... For a POS 51% attack to occur I believe one must own 51% of the coins in current existence, which is truly, relatively expensive. POW sort of does the same thing with electricity but essentially there is no explicit up front risk as your money is automatically at STAKE, in addition, should they try anything, electricity would make the hash rate costly, but to notice your coins are directly lost and taken away from you is a big ouch and nobody ever wants to experience that... . It would also be more of an incentive for miners to participate and more nodes would be added to network with a cheaper electric bill. Again Gun coin will face alot of shady obstacles during it's adoption, which would be costly, should it remain as a POW mining coin while it's cheap in price and vulnerable. Your concern for our coin is much appreciate, but any discussion on a 51% on GUN is wasted here. We have automatic checkpointing (ACP) that was locked in months ago and so reselling the same coins over again is simply not possible. You may see our write up on the website or Google that feature to see how it works. The Guncoin team was on top of this potential issue and fixed it way before it ever made the news. While I also appreciate the info about PoS coins, it added no new info to what we already know and understand. We still stick by what I wrote in the previous post - there is lots on the table to evaluate, but nothing is changing today. |
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turntheothercheek
Newbie
Offline
Activity: 44
Merit: 0
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June 28, 2018, 02:35:31 PM |
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I understand the concept of time and cost of money, but for the past month, has been news in the crypto world of constant, deliberate 51% attacks and double spending... https://news.bitcoin.com/you-can-now-51-attack-a-coin-for-as-little-as-500/I must say, GUN coin indeed has a HUGE potential in the the future but will experience a huge set back should double spending occur... Maybe it's happening now and nobody in the community has a clue as the coin is relatively cheap. Bitcoin itself could have been a victim of 51% attack, while in it's early small marketcap stage, but very few were educated on the concept of how crytocurrency and blockchain technology works... By the time the Bitcoin adoption spread, those who tried to educated themselves on how to maliciously hack, 51% attack, reverse blocks, and double spend, Bitcoin, Ether, and even Litecoin prices has already risen to the point where it would be expensive and unfeasible to perform such dishonesty. In the Bitcoin early stages, it was more common to fork and create new altcoin for profits instead... But now since these POW altcoins are becoming more pricey enough to the point where miners can just immediately take their earnings on a weekly, even daily basis and sell their coins on the exchanges, cryptocrooks have also figured out a way to profit from the cheap hashrate cost of performing a 51% attack... I could be wrong, but I've notice that there were NO news on a 51% attack or double spending on POS coins as even as expensive as ETH is to perform such malice, that network is even changing to POS in the near future. POS forces individuals to purchase coins and risk losing their possessions should any dishonesty occurs... For a POS 51% attack to occur I believe one must own 51% of the coins in current existence, which is truly, relatively expensive. POW sort of does the same thing with electricity but essentially there is no explicit up front risk as your money is automatically at STAKE, in addition, should they try anything, electricity would make the hash rate costly, but to notice your coins are directly lost and taken away from you is a big ouch and nobody ever wants to experience that... . It would also be more of an incentive for miners to participate and more nodes would be added to network with a cheaper electric bill. Again Gun coin will face alot of shady obstacles during it's adoption, which would be costly, should it remain as a POW mining coin while it's cheap in price and vulnerable. Your concern for our coin is much appreciate, but any discussion on a 51% on GUN is wasted here. We have automatic checkpointing (ACP) that was locked in months ago and so reselling the same coins over again is simply not possible. You may see our write up on the website or Google that feature to see how it works. The Guncoin team was on top of this potential issue and fixed it way before it ever made the news. While I also appreciate the info about PoS coins, it added no new info to what we already know and understand. We still stick by what I wrote in the previous post - there is lots on the table to evaluate, but nothing is changing today. Well the sooner the better as various technological options are available like burning coal vs solar energy or one supplementing the other. Whereas prevention of double spending and forcing honesty in block creation as an incentive for energy consuming miners but failure to provide an incentive for stake holders would hinder the expansion of peer to peer nodes that would have make any decentralized network operate at a higher quality. |
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GuncoinInfo
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June 28, 2018, 06:02:50 PM |
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Well the sooner the better as various technological options are available like burning coal vs solar energy or one supplementing the other. Whereas prevention of double spending and forcing honesty in block creation as an incentive for energy consuming miners but failure to provide an incentive for stake holders would hinder the expansion of peer to peer nodes that would have make any decentralized network operate at a higher quality.
Again, appreciate the input - but again, you give us nothing that anyone who reads these threads or can read on Wikipedia does not already know. NOTHING happens over night, NOTHING happens without someone paying for it AND our recent history has proven that the GUN coin team is moving the coin in the right direction and getting things done. The coin is now a technologically current, stable, secure and safe crypto currency that firearms users can use to replace their merchant accounts. If you think we are going to dump a years worth of work and blindly move the coin to PoS on a whim to satisfy the current fad, you are sadly mistaken. You do not need to educated us or anyone else on PoS vs PoW, that is pointless. Guncoin has a mission that I have stated over and over and over again that is NOT going to change. While you make interesting generic comments, they have ZERO effect on our path forward for GUNCOIN as they offer no solutions, offers to help or anything but generic facts. As far as providing incentive to stakeholders, there are plenty in my recent posts here and on Telegram to answer those questions. |
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turntheothercheek
Newbie
Offline
Activity: 44
Merit: 0
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June 29, 2018, 11:26:05 AM
Last edit: June 29, 2018, 11:46:13 AM by turntheothercheek |
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Well the sooner the better as various technological options are available like burning coal vs solar energy or one supplementing the other. Whereas prevention of double spending and forcing honesty in block creation as an incentive for energy consuming miners but failure to provide an incentive for stake holders would hinder the expansion of peer to peer nodes that would have make any decentralized network operate at a higher quality.
Again, appreciate the input - but again, you give us nothing that anyone who reads these threads or can read on Wikipedia does not already know. NOTHING happens over night, NOTHING happens without someone paying for it AND our recent history has proven that the GUN coin team is moving the coin in the right direction and getting things done. The coin is now a technologically current, stable, secure and safe crypto currency that firearms users can use to replace their merchant accounts. If you think we are going to dump a years worth of work and blindly move the coin to PoS on a whim to satisfy the current fad, you are sadly mistaken. You do not need to educated us or anyone else on PoS vs PoW, that is pointless. Guncoin has a mission that I have stated over and over and over again that is NOT going to change. While you make interesting generic comments, they have ZERO effect on our path forward for GUNCOIN as they offer no solutions, offers to help or anything but generic facts. As far as providing incentive to stakeholders, there are plenty in my recent posts here and on Telegram to answer those questions. Not sure of the clarification of, something being interesting and generic at the same time nor how that works. Overall I was specific in terms of stakeholders and node expansion idea. While clearing the smoke screens of mentioning of dubious source usage of Wikipedia to create an the insecure feeling of educating anyone on mining, in no ways there was an attempt to criticize the current course of the helm nor does anyone want years of hard work dumped based on any fashionable fad that's been around since 2012. Change of any kind NEVER is expected to happen overnight. Hard work and cost is understandable, as even with exchanges are now charging from half $1million to $7million to weed out listings of shit coins/ICOs. In what was thought to be an honest conversation from the very beginning, in the midst of irrelevant stupefaction feedback, I appreciate you finally hitting the GUN target and mentioning that these questions were already addressed and to reference their precepts on Telegram. |
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GuncoinInfo
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July 12, 2018, 03:02:36 PM |
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Guncoin is now about 32,000 block away from a major block reward change. At Block 1,000,000, the block reward will be reduced from 150 (currently) to 100 coins per block. Of course this has been pre-programmed in for a while as are the other changes - just giving you a heads up on the change which will provide 33% fewer coins being placed in circulation with each new block and should help bolster the value some as well.
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Mr Happy
Newbie
Offline
Activity: 11
Merit: 0
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July 22, 2018, 08:06:39 PM |
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I'm impressed with the progress - -Android wallet - Looking to buy more as things are looking great. Guncoin is now about 32,000 block away from a major block reward change. At Block 1,000,000, the block reward will be reduced from 150 (currently) to 100 coins per block. Of course this has been pre-programmed in for a while as are the other changes - just giving you a heads up on the change which will provide 33% fewer coins being placed in circulation with each new block and should help bolster the value some as well.
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GuncoinInfo
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July 23, 2018, 02:25:13 AM |
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We have seen a 30% rise in GUN price in the past few days that seems to be holding well, when may other coins have fallen off. This with BTC up some too - nice job!
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TheSignsGuy
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July 23, 2018, 05:23:31 PM |
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We have seen a 30% rise in GUN price in the past few days that seems to be holding well, when may other coins have fallen off. This with BTC up some too - nice job!
I've been way too busy lately to check in much, but yeah, it is very nice to see GUN sticking in there like it is. |
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Blockmunch
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August 05, 2018, 11:55:42 PM |
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Over 100 coins on the pool, with more added regularly! BlockMasters.co (Formally BlockMunch) has added Guncoin to it's Multi-Pool! Only 0.25% Fee's!We are now a Multi-Pool! We mine the most profitable coin always, and maximize your return!Choose your payout style. We pay out in this coin, BTC, LTC, and any coin we currently have listed on the pool!You can also use your ASIC's in our SHA256, X11, & Scrypt ports and get paid in this coin or BTC! Just change the algo and the port number in the example belows! Example Config is Below for Guncoin Pay: -a neoscrypt -o stratum+tcp://blockmasters.co:4233 -u GwRayHNnwEuaca9YJohFLJk7cSSbZLesE3 -p c=GUN -a neoscrypt -o stratum+tcp://blockmasters.co:4233 -u 1JFx3fE462vMsTeYkNK5yvdWeg2wpmxvBD -p c=BTC,mc=GUN -a neoscrypt -o stratum+tcp://blockmasters.co:4233 -u 1JFx3fE462vMsTeYkNK5yvdWeg2wpmxvBD -p c=BTC -a neoscrypt -o stratum+tcp://blockmasters.co:4233 -u LRgQk63NRnJQ8PBTU8yyHAm5aGfNjzhMZu -p c=LTC Block Explorer Link: blockmasters.co/explorer/GUN Peer List: blockmasters.co/explorer/peers?id=326
BlockMasters.Co BitcoinTalk thread: https://bitcointalk.org/index.php?topic=2362982.0Welcome to BlockMasters! |
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GuncoinInfo
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August 06, 2018, 02:52:41 AM |
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Oh boy, more pools for Guncoin! While many are very good and credible, we take no responsibility and support none of them. We do have the official Guncoin pool at http://www.guncoinpool.com, still running smoothly that we do have a support team that maintains for us. |
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GuncoinInfo
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August 08, 2018, 05:52:23 PM |
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As it turns out, the web wallet missed the last upgrade and we will be getting that taken care of this week I hope. That means, while coins are there they cannot be sent to an upgraded wallet. Sorry, we will get that taken care of.
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damm315er
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August 09, 2018, 11:14:44 PM |
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As it turns out, the web wallet missed the last upgrade and we will be getting that taken care of this week I hope. That means, while coins are there they cannot be sent to an upgraded wallet. Sorry, we will get that taken care of.
I hate it when that happens... |
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TheSignsGuy
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August 10, 2018, 02:37:35 AM |
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As it turns out, the web wallet missed the last upgrade and we will be getting that taken care of this week I hope. That means, while coins are there they cannot be sent to an upgraded wallet. Sorry, we will get that taken care of.
I hate it when that happens... Me too... |
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sherm77
Jr. Member
Offline
Activity: 95
Merit: 1
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August 10, 2018, 03:35:06 PM |
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samspaces
Legendary
Offline
Activity: 1453
Merit: 1030
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August 11, 2018, 11:11:20 PM |
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I was looking at the block explorer, the blocks are mined in very uneven patterns. Some take 10 minutes, sometimes there are 30 blocks mined within a minute. The retargeting algo doesn't really seem to change much during these hash-swings. I guess it's ok if the hash is well enough distributed amongst pools, but it could be an issue if someone wants to 51% the chain.
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GuncoinInfo
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August 12, 2018, 02:04:49 PM |
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GUNCOIN has automatic checkpointing (ACP) built in to the code several revisions ago. A 51% attack is not possible and we are protected against that. Our re-targeting algorithm is designed to adjust the difficulty on a regular basis and is one of the most current ones available. So while the blocks found do appear odd at times, there is nothing unusual going on and it is functioning exactly the way we want. That being said, we do have a few very heavy hitting miners and/or farms that can drive the difficulty through the roof and then shut down in an instant (AKA auto-switch pools). When that happens the difficulty falls and the blocks that have stacked up in the queue get found very fast. Again, while not popular with some, this is working how it should. This has not been as much of a problem with the addition of more miners which we are always glad to see. We are looking at other options to smooth that out in the future, but there is no current solution that exists, so we are working a few other developers on other coins who see the same problem with smaller coins to come up with a better option.
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