NA

[Wildwest]

Just a quick update from the team. After an awesome month with good results it can feel a bit quiet... But thats only because we are currently focusing on some important projects behind the scenes. One of those projects we can show you next week and I think you will like it. The other project is more long term, but we believe its very important for our ultimate goal, making sure people can use Guldencoin. And the way to do this is being realistic about the way merchants can accept Guldencoin. Its already very simple, but it should be the most simple payment method...
But even without some big news this week I still see a lot of amazing stuff from our community. Almost every day I see good ideas here or at the guldencoinforum, there are stickers being developed, t-shirts designed, websites launched (this is so cool: http://betalenmetguldencoin.nl). Thanks all!

I am so happy to hear this, the best coin there is, i'm a little nervous

At this stage even if the team took a 1 month holiday and did nothing it would still be better then 90% of coins out there.

Hopefully that is not the case though.lol

[Don007]

I'm not sure whether this coin should be added to more exchanges now.. Too many exchanges isn't good either.

Allthough it brings some popularity with it..

[Coincookie]

I agree to some extend, more exchanges will prolly dilute the volume. I think next to Bittrex one extra exchange is perfect, let's keep it that way for now. Main focus is on getting merchants to accept the coin. Popularity will rise as will the price. Love this coin and DEV team, this could / should go places!

Cookie.

[Don007]

I agree to some extend, more exchanges will prolly dilute the volume. I think next to Bittrex one extra exchange is perfect, let's keep it that way for now. Main focus is on getting merchants to accept the coin. Popularity will rise as will the price. Love this coin and DEV team, this could / should go places!

Cookie.

+1. Best local coin right now

I agree. But besides focus on getting more Merchants, other marketing might be usefull aswell..  It would be great if some articles about Guldencoin show up on popular Dutch technical websites. How about Tweakers? Do they already have posted an article about GuldenCoin?

[bram_vnl]

I agree to some extend, more exchanges will prolly dilute the volume. I think next to Bittrex one extra exchange is perfect, let's keep it that way for now. Main focus is on getting merchants to accept the coin. Popularity will rise as will the price. Love this coin and DEV team, this could / should go places!

Cookie.

+1. Best local coin right now

I agree. But besides focus on getting more Merchants, other marketing might be usefull aswell..  It would be great if some articles about Guldencoin show up on popular Dutch technical websites. How about Tweakers? Do they already have posted an article about GuldenCoin?

waht do you think about telegraaf.nl, nu.nl, webwereld.nl, ad.nl....... i now on tweakers is a topic on the forum about guldencoin

[Don007]

I agree to some extend, more exchanges will prolly dilute the volume. I think next to Bittrex one extra exchange is perfect, let's keep it that way for now. Main focus is on getting merchants to accept the coin. Popularity will rise as will the price. Love this coin and DEV team, this could / should go places!

Cookie.

+1. Best local coin right now

I agree. But besides focus on getting more Merchants, other marketing might be usefull aswell..  It would be great if some articles about Guldencoin show up on popular Dutch technical websites. How about Tweakers? Do they already have posted an article about GuldenCoin?

waht do you think about telegraaf.nl, nu.nl, webwereld.nl, ad.nl....... i now on tweakers is a topic on the forum about guldencoin

Allright, a topic is atleast something.  I don't think Telegraaf is going to publicate anything about GuldenCoin.. I bet most of their readers don't even know much about Bitcoin. They do sometimes publicate an article about Bitcoin though.

[WaterLooDown]

I agree to some extend, more exchanges will prolly dilute the volume. I think next to Bittrex one extra exchange is perfect, let's keep it that way for now. Main focus is on getting merchants to accept the coin. Popularity will rise as will the price. Love this coin and DEV team, this could / should go places!

Cookie.

+1. Best local coin right now

I agree. But besides focus on getting more Merchants, other marketing might be usefull aswell..  It would be great if some articles about Guldencoin show up on popular Dutch technical websites. How about Tweakers? Do they already have posted an article about GuldenCoin?

waht do you think about telegraaf.nl, nu.nl, webwereld.nl, ad.nl....... i now on tweakers is a topic on the forum about guldencoin

Go for it guys, if you need help with written content I am here to help, you will just need to translate it into Dutch afterwards. PM if you want me to write something up for a website that you can submit.

[WaterLooDown]

I'm not sure whether this coin should be added to more exchanges now.. Too many exchanges isn't good either.

Allthough it brings some popularity with it..

On this point we just aiming for swisscex for now as we need a backup exchange but it's not as urgent as it was before as litepaid can still use the last known price on bittrex if bittrex goes down for maintenance, the problem is if Bittrex had to go down for a extended period of time then swisscex does qualify as a reliable exchange. Also it's a exchange that will follow bittrex lead on price.

With Mintpal it will still take time to get onto and that is better, cause we want to hit high volume exchanges when the coin has had a lot more exposure

[TamiLee]

I'm not sure whether this coin should be added to more exchanges now.. Too many exchanges isn't good either.

Allthough it brings some popularity with it..

On this point we just aiming for swisscex for now as we need a backup exchange but it's not as urgent as it was before as litepaid can still use the last known price on bittrex if bittrex goes down for maintenance, the problem is if Bittrex had to go down for a extended period of time then swisscex does qualify as a reliable exchange. Also it's a exchange that will follow bittrex lead on price.

With Mintpal it will still take time to get onto and that is better, cause we want to hit high volume exchanges when the coin has had a lot more exposure

That is a great approach, imo it's best this coin rises slowly and undetected as long as possible. Most coins get hyped and die out after a couple months because they have no use. This has use but if it has more use before it gets noticed by big players it will go a long way!!!

[pijpenstelen]

When will Subways be accepting NLG in Rotterdam?

The rise in bitcoin price and holding of NLG price is making those sandwiches cheaper now.

[Coincookie]

When will Subways be accepting NLG in Rotterdam?

The rise in bitcoin price and holding of NLG price is making those sandwiches cheaper now.

That's a good question. maybe if you pay them a visit and explain to them how easy it is and there are three Subways now accepting maybe they'll come around.
You are part of the community too.. And if you succeed you you can earn some free Guldencoin.

Cookie.

[WaterLooDown]

When will Subways be accepting NLG in Rotterdam?

The rise in bitcoin price and holding of NLG price is making those sandwiches cheaper now.

That's a good question. maybe if you pay them a visit and explain to them how easy it is and there are three Subways now accepting maybe they'll come around.
You are part of the community too.. And if you succeed you you can earn some free Guldencoin.

Cookie.

This is a good point.

I am actually looking for 1 or 2 people in the community to help me approach online merchants, basically if I was fluent at Dutch I would do it myself. So who has the time and energy to do this with me and then we can split the NLG rewards.

[BohemianStalker]

Is NLG thinking about going proof of stake? I find it nonsensical Proof of Work currency can be a national currency, due to it's potentional vulnerability to 50% attack and other attacks.

[veertje]

Is NLG thinking about going proof of stake? I find it nonsensical Proof of Work currency can be a national currency, due to it's potentional vulnerability to 50% attack and other attacks.

Casinocoin has now Digishield implemented: https://github.com/casinocoin/casinocoin

Maybe an idea? Not for now, everything is going well and there have to be not that much updates in a short time, but maybe later on. Also less total coins that will be generated could be considered?

[Wildwest]

Is NLG thinking about going proof of stake? I find it nonsensical Proof of Work currency can be a national currency, due to it's potentional vulnerability to 50% attack and other attacks.

Casinocoin has now Digishield implemented: https://github.com/casinocoin/casinocoin

Maybe an idea? Not for now, everything is going well and there have to be not that much updates in a short time, but maybe later on. Also less total coins that will be generated could be considered?

Yeah this is a tough one, having POW means you will have a whole mining segment behind your coin that POS coins won't have, I know some POS coins have got multipools to support them, but the major problem with POS coins is that people generally hoard or trade them. With POW coins there will always be sellers and people willing to spend them as they can get more a lot easier PROVIDED THE COIN HAS USE! that is the most important thing. In the crypto world a lifespan of 2 months is above average for a new coin release because the intention is just to PnD.

Less coins should be considered if the coins demand can't meet supply,  at current prices if everyone had to dump out everything they mined it would need 391 btc to support the coin over 365 days (1 Year). That is a drop in a bucket considering the Netherlands has the 16th biggest economy in the world, so if this goes mainstream it's better to have more supply, if it will stay in the confines of the IT industry less coins would be better. So lets see where things go.

[thsminer]

Is NLG thinking about going proof of stake? I find it nonsensical Proof of Work currency can be a national currency, due to it's potentional vulnerability to 50% attack and other attacks.

Casinocoin has now Digishield implemented: https://github.com/casinocoin/casinocoin

Maybe an idea? Not for now, everything is going well and there have to be not that much updates in a short time, but maybe later on. Also less total coins that will be generated could be considered?

Yeah this is a tough one, having POW means you will have a whole mining segment behind your coin that POS coins won't have, I know some POS coins have got multipools to support them, but the major problem with POS coins is that people generally hoard or trade them. With POW coins there will always be sellers and people willing to spend them as they can get more a lot easier PROVIDED THE COIN HAS USE! that is the most important thing. In the crypto world a lifespan of 2 months is above average for a new coin release because the intention is just to PnD.

Less coins should be considered if the coins demand can't meet supply,  at current prices if everyone had to dump out everything they mined it would need 391 btc to support the coin over 365 days (1 Year). That is a drop in a bucket considering the Netherlands has the 16th biggest economy in the world, so if this goes mainstream it's better to have more supply, if it will stay in the confines of the IT industry less coins would be better. So lets see where things go.

You are very right WW the supply at this moment is thin. 50 Mil NLG whitout premine and growing with aprox. 576K NLG a day. Daily value at this moment Eur. 420,00. So with these figures it's not desirable to go mainsteam because the shortage of coins will surge the price uncontrollable with also unevitable huge pricedrops. The latter is something you don't want at consumerside, so POS is also not desirable. The purpose of this coin is usage and the team behind the coin is very good on track. So this steady grow of supply and steady pricebuilding is recipe for a great future. ( and naturaly,I have hope on good profit for early adopters) 

[ozzke]

Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.

[Wildwest]

Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.

It's tough to know what the effect will be, but litecoin will most likely be the coin that get hits hard with Asics initially. Since there is enough volume to support people dumping out. On the other end of the scale people buying gridseeds have big money, esp the ones from KnC that cost close to $10000. Now if it's someone that has dipped into there life savings and needs to ROI then they will be dumping out which could initially effect coin prices or make it so it costs more to mine the coin with the price/hash ratio. The later would only be a problem though if all POW scrypt coins became unprofitable to mine cause a person mining to ROI is going to take the best current priced coin and mine it via multipools.

On the other end of the spectrum you will have a rich investor who will buy some hw and also mine a coin they supporting not to dump out but to use and even buy more up. This is why POW coins with no USE will die out with ASICS and the rest will carry on.

Changing to a different ALGO means you are supporting people who can only afford graphic cards.

The above is just my opinions of course and could be totally off.

[WaterLooDown]

This has been a good discussion, the devs will always be monitoring the situation and if the need is there to switch it will happen. Right now though things are running smoothly and the coin is stable both technically and in price.

[ny2cafuse]

Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.

It's tough to know what the effect will be, but litecoin will most likely be the coin that get hits hard with Asics initially. Since there is enough volume to support people dumping out. On the other end of the scale people buying gridseeds have big money, esp the ones from KnC that cost close to $10000. Now if it's someone that has dipped into there life savings and needs to ROI then they will be dumping out which could initially effect coin prices or make it so it costs more to mine the coin with the price/hash ratio. The later would only be a problem though if all POW scrypt coins became unprofitable to mine cause a person mining to ROI is going to take the best current priced coin and mine it via multipools.

On the other end of the spectrum you will have a rich investor who will buy some hw and also mine a coin they supporting not to dump out but to use and even buy more up. This is why POW coins with no USE will die out with ASICS and the rest will carry on.

Changing to a different ALGO means you are supporting people who can only afford graphic cards.

The above is just my opinions of course and could be totally off.

Future ASICs, including the upcoming KNCs, will support current algorithms.  You're not going to get away from ASICs with an algorithm change.  You're only going to alienate the people with current generation ASICs, myself included.

The reality is that ASICs are cheaper than GPUs now.  A R9 270 will get 450kh at about $120-150 slightly used, and it runs at about 180W.  A gridseed 5-chip unit will get 360-500(OC'd)kh at about $100 new, and it runs at 8W.  There's a reason people are selling off all of their GPUs right now, and GPU prices are tanking.

-Fuse