GB Coin: Real Team & Workshops & Financial Goals

[Crypto-t]

Translation bounties available: http://blog.gbcoinfoundation.org/translation-bounties-available/

[Crypto-t]

Latest blog post: http://blog.gbcoinfoundation.org/will-the-bank-of-england-acknowledge-crytpo-currencies/

We think it’s fair to say successive British governments and the Bank of England have done an extremely bad job financially running the United Kingdom. The UK is nearly $2.5 trillion in debt which will never be paid back and the interest on this debt is increasing almost every year. As a result of this massive debt and interest repayments, the Government is implementing extensive austerity measures.

The recent Bank of England’s document (mentioned above), inadvertently exposes the sham behind central banks borrowing money to governments with interest which is repaid by tax payers. Just over a week ago, Sonia Poulton confronted Nick Clegg about this issue.

[Crypto-t]

Latest blog post: http://blog.gbcoinfoundation.org/vampire-squid-sucking-the-financial-life-out-of-britain/

There was a great article in the DailyMail yesterday about how Goldman Sachs is sucking the financial life out of British people via the Bank of England.

Amid the recent management shake-up at the top  of the Bank of England, as  it was dragged into the investigation of the alleged fixing of the £3 trillion-a-day foreign-exchange markets, one crucial appointment went almost unnoticed.

While public attention was understandably focused on an Egyptian-born mother of twins becoming only the second female deputy governor of the bank, the far more influential appointment was that of economist Ben Broadbent.

[johny69]

No PoS GB COINS but it is something we can consider in the future if there is enough interest and logic is fully understand.
At present, Britain may be less than 1% of the population has crypto - real knowledge of currencies. Our main goal was to education people about cryptos and let them to participate. How to? Through the free workshop and free GB of COINS for the students.

[Crypto-t]

Latest blog post: http://blog.gbcoinfoundation.org/local-government-catching-on-to-crypto-currencies/

In the case of Hull City Council, Dave Shepherdson the Financial Inclusion Support Officer, explained to me that previous local currencies were treated as loss leaders. In the case of HullCoin, mining a cryptocurrency actually works as a way to add value to the local economy.

The idea to use cryptocurrency came about when Shepherdson was asked by the Hull City Council Welfare Rights Manager, Lisa Bovill, to investigate the possibility of using an alternative currency (in the sense of the Brixton Pound-type of local currencies) as a means to provide an anti-poverty framework in Hull.

[Crypto-t]

First workshop announced tomorrow: http://blog.gbcoinfoundation.org/first-workshop-announced-tomorrow/

During this coming week, the Team will be launching GB Coin. Through the considerable efforts of Sara, Dave and Adrian, we have built up a sizeable following via the blog, Twitter and Facebook. We think we have enough interest to fill the first workshop which will be announced tomorrow, with the venue, date and time.

Each person that attends the first workshop will receive a paper wallet which entitles them to 100 GB Coins – see below.

[Crypto-t]

First free cryptocurrency workshop: http://blog.gbcoinfoundation.org/first-free-crypto-currency-workshop-12th-april-2014/

The first free cryptocurrency workshop is on the 12th April 2014, and starts at 7pm in the Forge (next to the Garden Room) at the Avoncroft Arts Centre, Worcestershire. Full address below

Avoncroft Arts Centre
Redditch Road
Stoke Heath
Bromsgrove
Worcs
B60 4JR

Please register interest here: http://forum.gbcoinfoundation.org/showthread.php/11-First-FREE-Crypto-Currency-Workshop-12th-April-2014

[Crypto-t]

Latest blog post: http://blog.gbcoinfoundation.org/video-us-stock-market-rigged/

60 Minutes is an American television news-magazine program that is broadcast on the CBS television network. Launched in 1968, Don Hewitt created the program and set it apart by using a unique style of reporter-centered investigation. In 2002, 60 Minutes was ranked #6 on TV Guide’s 50 Greatest TV Shows of All Time. The New York Times has called it “one of the most esteemed news-magazines on American television.

60 Minutes’ latest investigation is into the US Stock Market.

[Crypto-t]

Latest blog post: http://blog.gbcoinfoundation.org/gb-coin-for-dummies-series/

Our first workshop is next week, but obviously we can only accommodate a small number of people per workshop. Also, the workshops will only be in Britain – the expense of running workshops in different countries would be astronomical!

Unfortunately, most people don’t understand how crypto-currencies work, including the technology behind them. But, we believe crypto currencies are so important – a crucial financial-freedom step for mankind – that we need to get the message out and educate as many people as possible about this amazing technology.

[Joshuar]

will watch this coin.

[Crypto-t]

Latest blog post: http://blog.gbcoinfoundation.org/theres-more-innovation-in-your-kitchen-toaster-than-national-currencies/

TVs, computers, mobile phones, etc, are in what’s called a market economy. A market economy is, strictly speaking, an economy in which prices of goods and services are based on the laws of supply and demand, without interference from governments or other outside bodies.

If you consider national currencies (like the Pound, Dollar, Euro, etc), there is no market economy driving these currencies forward or seriously allowing other currencies to compete against them. These currencies have remained static and have not evolved since they were created. Yes, the coins and the paper have changed, but very little else.

[Chris180Z]

Launching tomorrow?

[Crypto-t]

Will make an announcement soon with the launch date... there's good reason for the slight delay.

Launching tomorrow?

[Crypto-t]

Latest blog post: http://blog.gbcoinfoundation.org/forbes-bitcoin-could-strengthen-the-world-economy/

Through decentralized cryptography, Bitcoin eliminates the need for banking intermediaries, significantly lowering transaction costs and could liberate poverty stricken economies around the globe by providing access to capital to the one-third of humanity that is excluded from the financial world.  However, some of the most transformational innovations of Bitcoin have been exploited by bad actors.  These nefarious players give Bitcoin a negative reputation.  This reputation leads to perception and perception becomes reality, especially in the nation’s capital and among regulators.

[icecube45]

Pre-Registrations Open!

http://gbpool.zapto.org

PPLNS
1% fee!

[lolcoind]

pool

[Chris180Z]

Pre-Registrations Open!

http://gbpool.zapto.org

PPLNS
1% fee!

Nice site . Registered as Chris180.

[Crypto-t]

Latest blog post: http://blog.gbcoinfoundation.org/bitcoin-getting-closer-to-widespread-acceptance/

Although many Bitcoiners are hoping for more large retailers like TigerDirect and Overstock to adopt Bitcoin, it may have a negative impact on the BTC price as these retailers will most likely convert 90% of their coins to cash — putting additional selling pressure on Bitcoin. This outcome may not be as desirable in the short term, but it will create a better long-term outlook for Bitcoin given the liquidity options. Again, if you asymmetrically add large retailers without driving consumer adoption at the same time, the demand supply curve will shift undesirably.

[tic-tac-totoro]

1% premine is actually pretty large given the coin specs. 1% premine equals 600000/20 = 30000 blocks which will take 60000 minutes to mine. That's 1000 hours or almost 42 days of mining.

[Crypto-t]

The distribution of the premine is covered here: http://blog.gbcoinfoundation.org/the-1-gb-coin-premine/

We've hard-coded the premine to make it very simple, so we'll be premining only a few hundreds blocks or so.

1% premine is actually pretty large given the coin specs. 1% premine equals 600000/20 = 30000 blocks which will take 60000 minutes to mine. That's 1000 hours or almost 42 days of mining.