Buerra
Legendary
Offline
Activity: 980
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 06:53:33 AM |
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He's still active only changed the way the coins are sold. I've put the message out to make people aware again. 1 Ghs is nice if it came from dozens of miners but at this moment I'm not amused with it. The same with the way the coin is traded. The price is pretty stable but I doubt if more than a few people looked at the ask volume. There is only a 1.2 BTC ask and if I look at the serious ask (everything above .50) we only have 1 BTC and thats far from stable.
So we need buyers and they will come when the coin gets exposure - and there is a lot of exposure lately And we need waaaarning systems and prooootection... It's nice to gaze at the hashrate but thats a useless figure when you are beeing robbed or worse.
The intention of this coin is to be used, so once it hits mainstream it also attracts a lot of muppets that want to take this coin down. So before it hits mainstream we must be prepared and have the protection ready. Right now it like surfing the internet without a proper antivirus, and sure that works ok for a while...
I appreciate your input, but if you want to be helpful. Shout solutions, not just that it needs protection or more trading. As if we don't know that there need to be more trades and more hashes. Getting more people involved is a good way to add hashes and get people to buy and you're right that some things need to improve, but yelling that they need to happen without giving actual ideas to how isn't really helpful. I promote NLG along with buying it on Litebit so people can start of with crypto easy and once they've done more research they'll start trading, but you can't force that on people of course. If everyone on here got his or her ciblings and parents in on it that would ripple as well. My mom was even intruiged and has 5000Guldencoin now and has her wallet set to setgenerate true -1. Our household never turns off the computers ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) At least that's adding something without having to invest too much, as most people can't be bothered to figure out how to mine or how to use it. The best protection is to keep adding hashes in a regular and easy fashion. Inform people to buy NLG and hold them or spend them as they please. Start trading with it on the three available exchanges if they understand how. Let's ask ourselves; why isn't it traded more? What do we don't have that others do? Because terrible coins like HTMLcoin do get traded. But why? Is it really that we're ignored because we have a goal that hasn't been done before? People don't believe it can be done. But the funny part is that in crypto, anyone can make a difference. Just look at that one miner now. So why not make a splash yourself? Add a merchant, add more traders or buyers, add more wallet connections, get more exposure. Whatever you can for the good of the coin. To weed out the suckers that want to destroy this coin. I've written more than 50 pieces of text and press releases for this coin to get both NL and ENG readers to understand what is going on with Guldencoin. To get Guldencoin in the newspaper, in interviews and to get us on TV and radio. I tip news stations with the previous accomplished news of Guldencoin to reference that it's topical and interesting. Stop saying what the coin needs, and start doing something for the coin. Because a lot of you are just sitting back in your seats waiting to get rich, bitch about updates or needing more merchants. Nobody's stopping you from going out there and getting a new merchant or push tips for fixes on Github. Then you'll see how hard it is to convince someone that this is a viable option and that crypto is the future. Then you'll know that the fact that we even have 4 brick-and-mortar merchants and a handful of online merchants is f!#%@^ insanely lucky to begin with. Get off your asses and do work. Thank you.
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Bluestreet
Legendary
Offline
Activity: 988
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 07:10:10 AM |
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He's still active only changed the way the coins are sold. I've put the message out to make people aware again. 1 Ghs is nice if it came from dozens of miners but at this moment I'm not amused with it. The same with the way the coin is traded. The price is pretty stable but I doubt if more than a few people looked at the ask volume. There is only a 1.2 BTC ask and if I look at the serious ask (everything above .50) we only have 1 BTC and thats far from stable.
So we need buyers and they will come when the coin gets exposure - and there is a lot of exposure lately And we need waaaarning systems and prooootection... It's nice to gaze at the hashrate but thats a useless figure when you are beeing robbed or worse.
The intention of this coin is to be used, so once it hits mainstream it also attracts a lot of muppets that want to take this coin down. So before it hits mainstream we must be prepared and have the protection ready. Right now it like surfing the internet without a proper antivirus, and sure that works ok for a while...
I appreciate your input, but if you want to be helpful. Shout solutions, not just that it needs protection or more trading. As if we don't know that there need to be more trades and more hashes. Getting more people involved is a good way to add hashes and get people to buy and you're right that some things need to improve, but yelling that they need to happen without giving actual ideas to how isn't really helpful. I promote NLG along with buying it on Litebit so people can start of with crypto easy and once they've done more research they'll start trading, but you can't force that on people of course. If everyone on here got his or her ciblings and parents in on it that would ripple as well. My mom was even intruiged and has 5000Guldencoin now and has her wallet set to setgenerate true -1. Our household never turns off the computers ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) At least that's adding something without having to invest too much, as most people can't be bothered to figure out how to mine or how to use it. The best protection is to keep adding hashes in a regular and easy fashion. Inform people to buy NLG and hold them or spend them as they please. Start trading with it on the three available exchanges if they understand how. Let's ask ourselves; why isn't it traded more? What do we don't have that others do? Because terrible coins like HTMLcoin do get traded. But why? Is it really that we're ignored because we have a goal that hasn't been done before? People don't believe it can be done. But the funny part is that in crypto, anyone can make a difference. Just look at that one miner now. So why not make a splash yourself? Add a merchant, add more traders or buyers, add more wallet connections, get more exposure. Whatever you can for the good of the coin. To weed out the suckers that want to destroy this coin. I've written more than 50 pieces of text and press releases for this coin to get both NL and ENG readers to understand what is going on with Guldencoin. To get Guldencoin in the newspaper, in interviews and to get us on TV and radio. I tip news stations with the previous accomplished news of Guldencoin to reference that it's topical and interesting. Stop saying what the coin needs, and start doing something for the coin. Because a lot of you are just sitting back in your seats waiting to get rich, bitch about updates or needing more merchants. Nobody's stopping you from going out there and getting a new merchant or push tips for fixes on Github. Then you'll see how hard it is to convince someone that this is a viable option and that crypto is the future. Then you'll know that the fact that we even have 4 brick-and-mortar merchants and a handful of online merchants is f!#%@^ insanely lucky to begin with. Get off your asses and do work. Thank you. Some Interesting Facts on Cryptocurrency Traders 1: average age is 20years 2: single male 3:speed trade (looking to make enough to pay rent) The coins with large volume and backed by whales/exchange and part of the crypto cartels. Don't be fooled by a lot of the volume for some coins. Look at CINNI, over 600 page ANN, was trading at 20000 sat with over 500 btc volume a month ago. Today it's dead, less then 1 btc volume and price under 1700 and the original dev team has left.
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BioMike
Legendary
Offline
Activity: 1658
Merit: 1001
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 07:11:51 AM |
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Working on a warning/alarm system, but got a bit too little amount of time atm. I started trying out cloud mining (currently adding 60MHs to the network), as a response method to an attack. I also have something else, that feeds back into the guldencoin market. This is not generating much income yet, but I hope it will in the future (no more details on that).
So, things are being done, it just takes time.
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Buerra
Legendary
Offline
Activity: 980
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 07:42:52 AM |
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Working on a warning/alarm system, but got a bit too little amount of time atm. I started trying out cloud mining (currently adding 60MHs to the network), as a response method to an attack. I also have something else, that feeds back into the guldencoin market. This is not generating much income yet, but I hope it will in the future (no more details on that).
So, things are being done, it just takes time.
Awesome. Thanks Mike ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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WaterLooDown
Legendary
Offline
Activity: 924
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 07:43:04 AM |
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Hi NLG community,
I just want to point out that the teams main focus right now is getting the required dev done before the focus switches to full merchant adoption which we are aiming to ramp up in the 4th 1/4 of this year, however the community has just as important role to play in getting us merchants they would like to accept the currency.
Thank you Buerra for your efforts so far, it does not go unnoticed.
The team will also provide the tools to make it happen and platform/foundation for merchants and consumers alike to accept and understand the currency. I think the official website already gives so much helpful information to get things started. Like I said earlier, next week we will have 2 updates. We basically have 1 more thing to achieve on the dev side and offline merchants will start to ramp up immediately!
We know this, because this specific dev request is what will seal the deal for many business owners.
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/GeertJohan
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 09:44:23 AM |
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Just ran my tool over the chain again. These are the results.
Last 576 blocks (1 day): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 354005.346000 (61.46%) 2: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 122000.288000 (21.18%) 3: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 65000.028000 (11.28%) 4: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 16830.107910 (2.92%) 5: GYmHKjS6FgiisN4jdHeWizE6fJzerDeaWE: 8910.102960 (1.55%)
Last 1152 blocks (2 days): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 558007.950000 (48.44%) 2: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 285000.345000 (24.74%) 3: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 238000.549000 (20.66%) 4: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 29700.113850 (2.58%) 5: GJQiHxaJgfzwH2UKAnNN9WL9FRZsPgcsSx: 17000.005000 (1.48%)
Last 4032 blocks (7 days): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 1591013.748201 (39.46%) 2: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 1101024.108200 (27.31%) 3: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 865013.380000 (21.45%) 4: GTEU63hXhDtGDWyYikoyrTWHM2sUNBL8xV: 225005.238000 (5.58%) 5: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 156420.762399 (3.88%)
Conclusion: I doubt GND is aiming to attack the coin, this miner has been in the network for a long time and if he/she wanted to perform a 51% attack he/she could have already done so already. GND is probably dumping coins on the market now and then, but that could be explained because those MH/s don't pay for themselves (ah well, indirectly they do).. Having said that, it would indeed be better for the network to have a evenly divided hashrate. This will take time, as more miners join the network.
For now I don't see a lot of things we can do. KGW is doing it's work nicely, taking the MH/s waves as they come and go.
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Svener
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 11:08:28 AM |
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Just ran my tool over the chain again. These are the results.
Last 576 blocks (1 day): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 354005.346000 (61.46%) 2: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 122000.288000 (21.18%) 3: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 65000.028000 (11.28%) 4: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 16830.107910 (2.92%) 5: GYmHKjS6FgiisN4jdHeWizE6fJzerDeaWE: 8910.102960 (1.55%)
Last 1152 blocks (2 days): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 558007.950000 (48.44%) 2: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 285000.345000 (24.74%) 3: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 238000.549000 (20.66%) 4: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 29700.113850 (2.58%) 5: GJQiHxaJgfzwH2UKAnNN9WL9FRZsPgcsSx: 17000.005000 (1.48%)
Last 4032 blocks (7 days): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 1591013.748201 (39.46%) 2: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 1101024.108200 (27.31%) 3: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 865013.380000 (21.45%) 4: GTEU63hXhDtGDWyYikoyrTWHM2sUNBL8xV: 225005.238000 (5.58%) 5: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 156420.762399 (3.88%)
Conclusion: I doubt GND is aiming to attack the coin, this miner has been in the network for a long time and if he/she wanted to perform a 51% attack he/she could have already done so already. GND is probably dumping coins on the market now and then, but that could be explained because those MH/s don't pay for themselves (ah well, indirectly they do).. Having said that, it would indeed be better for the network to have a evenly divided hashrate. This will take time, as more miners join the network.
For now I don't see a lot of things we can do. KGW is doing it's work nicely, taking the MH/s waves as they come and go.
Thanks for this post, very imformative. From what I gather GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8 is adding most of the recent hashrate? I hope miners keep selling coins at these prices for a bit longer, I don't see prices under 100 being around forever, maybe another 2-3 months.
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Bluestreet
Legendary
Offline
Activity: 988
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 11:15:37 AM |
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Just ran my tool over the chain again. These are the results.
Last 576 blocks (1 day): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 354005.346000 (61.46%) 2: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 122000.288000 (21.18%) 3: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 65000.028000 (11.28%) 4: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 16830.107910 (2.92%) 5: GYmHKjS6FgiisN4jdHeWizE6fJzerDeaWE: 8910.102960 (1.55%)
Last 1152 blocks (2 days): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 558007.950000 (48.44%) 2: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 285000.345000 (24.74%) 3: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 238000.549000 (20.66%) 4: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 29700.113850 (2.58%) 5: GJQiHxaJgfzwH2UKAnNN9WL9FRZsPgcsSx: 17000.005000 (1.48%)
Last 4032 blocks (7 days): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 1591013.748201 (39.46%) 2: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 1101024.108200 (27.31%) 3: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 865013.380000 (21.45%) 4: GTEU63hXhDtGDWyYikoyrTWHM2sUNBL8xV: 225005.238000 (5.58%) 5: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 156420.762399 (3.88%)
Conclusion: I doubt GND is aiming to attack the coin, this miner has been in the network for a long time and if he/she wanted to perform a 51% attack he/she could have already done so already. GND is probably dumping coins on the market now and then, but that could be explained because those MH/s don't pay for themselves (ah well, indirectly they do).. Having said that, it would indeed be better for the network to have a evenly divided hashrate. This will take time, as more miners join the network.
For now I don't see a lot of things we can do. KGW is doing it's work nicely, taking the MH/s waves as they come and go.
Thanks for this post, very imformative. From what I gather GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8 is adding most of the recent hashrate? I hope miners keep selling coins at these prices for a bit longer, I don't see prices under 100 being around forever, maybe another 2-3 months. if updates continue to happen as fast as they have NLG will have a new bottom of around 150 sat by the end of the year. There will be headwinds on the way up as impatient holders dump out at 120 Sat and bring the price back to 100, if the coin holds 120 for awhile we will see a further price rise to 150. if updates stop coming in or slow down drastically the reverse can happen and NLG bottom could end up being 50-75. Edit: My price prediction for next year is 500 sat + at some point with more volume.
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thsminer
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 11:26:59 AM |
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He's still active only changed the way the coins are sold. I've put the message out to make people aware again. 1 Ghs is nice if it came from dozens of miners but at this moment I'm not amused with it. The same with the way the coin is traded. The price is pretty stable but I doubt if more than a few people looked at the ask volume. There is only a 1.2 BTC ask and if I look at the serious ask (everything above .50) we only have 1 BTC and thats far from stable.
So we need buyers and they will come when the coin gets exposure - and there is a lot of exposure lately And we need waaaarning systems and prooootection... It's nice to gaze at the hashrate but thats a useless figure when you are beeing robbed or worse.
The intention of this coin is to be used, so once it hits mainstream it also attracts a lot of muppets that want to take this coin down. So before it hits mainstream we must be prepared and have the protection ready. Right now it like surfing the internet without a proper antivirus, and sure that works ok for a while...
I appreciate your input, but if you want to be helpful. Shout solutions, not just that it needs protection or more trading. As if we don't know that there need to be more trades and more hashes. Getting more people involved is a good way to add hashes and get people to buy and you're right that some things need to improve, but yelling that they need to happen without giving actual ideas to how isn't really helpful. I promote NLG along with buying it on Litebit so people can start of with crypto easy and once they've done more research they'll start trading, but you can't force that on people of course. If everyone on here got his or her ciblings and parents in on it that would ripple as well. My mom was even intruiged and has 5000Guldencoin now and has her wallet set to setgenerate true -1. Our household never turns off the computers ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) At least that's adding something without having to invest too much, as most people can't be bothered to figure out how to mine or how to use it. The best protection is to keep adding hashes in a regular and easy fashion. Inform people to buy NLG and hold them or spend them as they please. Start trading with it on the three available exchanges if they understand how. Let's ask ourselves; why isn't it traded more? What do we don't have that others do? Because terrible coins like HTMLcoin do get traded. But why? Is it really that we're ignored because we have a goal that hasn't been done before? People don't believe it can be done. But the funny part is that in crypto, anyone can make a difference. Just look at that one miner now. So why not make a splash yourself? Add a merchant, add more traders or buyers, add more wallet connections, get more exposure. Whatever you can for the good of the coin. To weed out the suckers that want to destroy this coin. I've written more than 50 pieces of text and press releases for this coin to get both NL and ENG readers to understand what is going on with Guldencoin. To get Guldencoin in the newspaper, in interviews and to get us on TV and radio. I tip news stations with the previous accomplished news of Guldencoin to reference that it's topical and interesting. Stop saying what the coin needs, and start doing something for the coin. Because a lot of you are just sitting back in your seats waiting to get rich, bitch about updates or needing more merchants. Nobody's stopping you from going out there and getting a new merchant or push tips for fixes on Github. Then you'll see how hard it is to convince someone that this is a viable option and that crypto is the future. Then you'll know that the fact that we even have 4 brick-and-mortar merchants and a handful of online merchants is f!#%@^ insanely lucky to begin with. Get off your asses and do work. Thank you. Dear Buerra, I will ignore the insulting tone you spread. Maybe it's wise to get more information about how crypto currencies work and how YOUR coins are safe. Because you are very active in the merchants area, which is very good and admirable, it would be a bless to realise there is also something as the technical and security side. Whitout proper monitoring we can't garantee the coin is existant tomorrow. And without a coin all your effort seeking merchants is washed down the drain.'At the moment I'm not in the position to create software to monitor the chain. Some people know I'm watching / trading and try to keep this coin healthy and thats enough to say about it. A lot of people look at the wrong figures my friend, it's about the same as stating that a multimilion company is healty because it's selling multimillions. Selling multimillions is one thing but what matters is whats left after the costs are deducted. So a coin is not healthy when it has a high hashrate, it's healthy when the hasrate is spread amongs as many as possible. A coin is not healthy when the price is steady or rising, nope, it's healthy when there is a constant demand on the buying side.
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Bluestreet
Legendary
Offline
Activity: 988
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 12:01:43 PM |
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Dear Buerra, I will ignore the insulting tone you spread. Maybe it's wise to get more information about how crypto currencies work and how YOUR coins are safe. Because you are very active in the merchants area, which is very good and admirable, it would be a bless to realise there is also something as the technical and security side. Whitout proper monitoring we can't garantee the coin is existant tomorrow. And without a coin all your effort seeking merchants is washed down the drain.'At the moment I'm not in the position to create software to monitor the chain. Some people know I'm watching / trading and try to keep this coin healthy and thats enough to say about it.
A lot of people look at the wrong figures my friend, it's about the same as stating that a multimilion company is healty because it's selling multimillions. Selling multimillions is one thing but what matters is whats left after the costs are deducted. So a coin is not healthy when it has a high hashrate, it's healthy when the hasrate is spread amongs as many as possible. A coin is not healthy when the price is steady or rising, nope, it's healthy when there is a constant demand on the buying side.
The problem is the over 500 alt coins to chose from and newcomers getting side tracked by the latest Pump and Dump coins. Most are in it for quick returns. I bet the average age of people buying guldencoin is a lot higher then most coins as this coin is going for future value where day traders are looking for current value and most of them know that they need to pull out of those coins when they have made the right profits. This coin will rise when there is constant buy demand because people want to use it, not because of some useless feature that is being over hyped.
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Buerra
Legendary
Offline
Activity: 980
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 12:02:26 PM |
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Dear Buerra, I will ignore the insulting tone you spread. Maybe it's wise to get more information about how crypto currencies work and how YOUR coins are safe. Because you are very active in the merchants area, which is very good and admirable, it would be a bless to realise there is also something as the technical and security side. Whitout proper monitoring we can't garantee the coin is existant tomorrow. And without a coin all your effort seeking merchants is washed down the drain.'At the moment I'm not in the position to create software to monitor the chain. Some people know I'm watching / trading and try to keep this coin healthy and thats enough to say about it.
A lot of people look at the wrong figures my friend, it's about the same as stating that a multimilion company is healty because it's selling multimillions. Selling multimillions is one thing but what matters is whats left after the costs are deducted. So a coin is not healthy when it has a high hashrate, it's healthy when the hasrate is spread amongs as many as possible. A coin is not healthy when the price is steady or rising, nope, it's healthy when there is a constant demand on the buying side.
I didn't mean to be insulting, like I said I appreciate your input. It's just that, even if you don't have time to program something, which is understandable. We all have other things to do as well. But you could mention what you are thinking and what you would make in order to protect it etc. in stead of just saying that it needs protection. That would be way more helpful. That is all ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Besides, that entire post wasn't aimed at you solely, I apologize if you took it all the wrong way. I'm just saying that there are too many people saying things and not doing things. And yes. Some look at the wrong figures, having a hashrate over 1 GH/s is good but it needs to be spread around a lot more. And we need a constant flow of buyers, but in order to do that we need merchants that accept the coin so people have a reason to buy more and spend it. In stead of just buying it to hold or trade. It's a mixture of things. True that. So again, I apologize if you took it the wrong way, just speaking my mind as you are ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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thsminer
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 12:15:13 PM |
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Dear Buerra, I will ignore the insulting tone you spread. Maybe it's wise to get more information about how crypto currencies work and how YOUR coins are safe. Because you are very active in the merchants area, which is very good and admirable, it would be a bless to realise there is also something as the technical and security side. Whitout proper monitoring we can't garantee the coin is existant tomorrow. And without a coin all your effort seeking merchants is washed down the drain.'At the moment I'm not in the position to create software to monitor the chain. Some people know I'm watching / trading and try to keep this coin healthy and thats enough to say about it.
A lot of people look at the wrong figures my friend, it's about the same as stating that a multimilion company is healty because it's selling multimillions. Selling multimillions is one thing but what matters is whats left after the costs are deducted. So a coin is not healthy when it has a high hashrate, it's healthy when the hasrate is spread amongs as many as possible. A coin is not healthy when the price is steady or rising, nope, it's healthy when there is a constant demand on the buying side.
I didn't mean to be insulting, like I said I appreciate your input. It's just that, even if you don't have time to program something, which is understandable. We all have other things to do as well. But you could mention what you are thinking and what you would make in order to protect it etc. in stead of just saying that it needs protection. That would be way more helpful. That is all ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Besides, that entire post wasn't aimed at you, I apologize if you took it all the wrong way. I'm just saying that there are too many people saying things and not doing things. And yes. Some look at the wrong figures, having a hashrate over 1 GH/s is good but it needs to be spread around a lot more. And we need a constant flow of buyers, but in order to do that we need merchants that accept the coin so people have a reason to buy more and spend it. In stead of just buying it to hold or trade. It's a mixture of things. True that. So again, I apologize if you took it the wrong way, just speaking my mind as you are ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) No need to apologize, you're part right about people shouting and doing nothing. But the same as with the misinterpretation of the figures, some people are acting behind the scene so you never know what someone really is or does. A lot of development work is never seen by the users and the same story goes for designing. You as a copywriter are in a lucky position your effort is read and recognized. geert Johan spends days making a program and all you see is the front webpage... Whats important here is that there are a lot of dedicated people busy in some way to make this coin a succes! I sure have some idea's about protecting the coin but shouting those idea's out here has no use because we end up in the technical jungle of Mr. Satoshi Nakamoto.
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thsminer
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 12:17:25 PM |
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Just ran my tool over the chain again. These are the results.
Last 576 blocks (1 day): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 354005.346000 (61.46%) 2: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 122000.288000 (21.18%) 3: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 65000.028000 (11.28%) 4: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 16830.107910 (2.92%) 5: GYmHKjS6FgiisN4jdHeWizE6fJzerDeaWE: 8910.102960 (1.55%)
Last 1152 blocks (2 days): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 558007.950000 (48.44%) 2: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 285000.345000 (24.74%) 3: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 238000.549000 (20.66%) 4: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 29700.113850 (2.58%) 5: GJQiHxaJgfzwH2UKAnNN9WL9FRZsPgcsSx: 17000.005000 (1.48%)
Last 4032 blocks (7 days): 1: GNDA5MZWcm4AjLtNuEmYpgH8qsxo4vrnY8: 1591013.748201 (39.46%) 2: GdDkjtEeKm1r26zhXj6TpHqu3FGDbpHaRg: 1101024.108200 (27.31%) 3: GNh1gofrspXQphYuYewW6GDseQ1fss1GRx: 865013.380000 (21.45%) 4: GTEU63hXhDtGDWyYikoyrTWHM2sUNBL8xV: 225005.238000 (5.58%) 5: GMnaaMMV66NHmsEVVfik2tGinMQ8nVG1DA: 156420.762399 (3.88%)
Conclusion: I doubt GND is aiming to attack the coin, this miner has been in the network for a long time and if he/she wanted to perform a 51% attack he/she could have already done so already. GND is probably dumping coins on the market now and then, but that could be explained because those MH/s don't pay for themselves (ah well, indirectly they do).. Having said that, it would indeed be better for the network to have a evenly divided hashrate. This will take time, as more miners join the network.
For now I don't see a lot of things we can do. KGW is doing it's work nicely, taking the MH/s waves as they come and go.
I'm sure he's not atacking the coin... because it is Hardcore miners having a guest with 400 Mhs. Also pools have a responsibility here, but thats been said many times.
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TamiLee
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 12:25:59 PM |
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Looking at that list I have forgotten about half the stuff that has been achieved already. Amazing! I don't think many coins can boast the same effort that has been put into NLG.
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strataghyst
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 01:20:19 PM Last edit: August 01, 2014, 01:30:46 PM by strataghyst |
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Dear Buerra, I will ignore the insulting tone you spread. Maybe it's wise to get more information about how crypto currencies work and how YOUR coins are safe. Because you are very active in the merchants area, which is very good and admirable, it would be a bless to realise there is also something as the technical and security side. Whitout proper monitoring we can't garantee the coin is existant tomorrow. And without a coin all your effort seeking merchants is washed down the drain.'At the moment I'm not in the position to create software to monitor the chain. Some people know I'm watching / trading and try to keep this coin healthy and thats enough to say about it.
A lot of people look at the wrong figures my friend, it's about the same as stating that a multimilion company is healty because it's selling multimillions. Selling multimillions is one thing but what matters is whats left after the costs are deducted. So a coin is not healthy when it has a high hashrate, it's healthy when the hasrate is spread amongs as many as possible. A coin is not healthy when the price is steady or rising, nope, it's healthy when there is a constant demand on the buying side.
I didn't mean to be insulting, like I said I appreciate your input. It's just that, even if you don't have time to program something, which is understandable. We all have other things to do as well. But you could mention what you are thinking and what you would make in order to protect it etc. in stead of just saying that it needs protection. That would be way more helpful. That is all ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Besides, that entire post wasn't aimed at you, I apologize if you took it all the wrong way. I'm just saying that there are too many people saying things and not doing things. And yes. Some look at the wrong figures, having a hashrate over 1 GH/s is good but it needs to be spread around a lot more. And we need a constant flow of buyers, but in order to do that we need merchants that accept the coin so people have a reason to buy more and spend it. In stead of just buying it to hold or trade. It's a mixture of things. True that. So again, I apologize if you took it the wrong way, just speaking my mind as you are ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) No need to apologize, you're part right about people shouting and doing nothing. But the same as with the misinterpretation of the figures, some people are acting behind the scene so you never know what someone really is or does. A lot of development work is never seen by the users and the same story goes for designing. You as a copywriter are in a lucky position your effort is read and recognized. geert Johan spends days making a program and all you see is the front webpage... Whats important here is that there are a lot of dedicated people busy in some way to make this coin a succes! I sure have some idea's about protecting the coin but shouting those idea's out here has no use because we end up in the technical jungle of Mr. Satoshi Nakamoto. You never know if people are just shouting and doing nothing maybe they speak what's on there mind or try to give ideas to other people no one knows. THSMINER please do share you insights about how to protect the coin because I'm interested in the technical side of thing's maybe more people do or give a link where to find it. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) and how did you calculate the 58% for our mystery dumper?
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Wildwest
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1630
Merit: 320
PredX - AI-Powered Prediction Market
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 02:56:42 PM |
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Dear Buerra, I will ignore the insulting tone you spread. Maybe it's wise to get more information about how crypto currencies work and how YOUR coins are safe. Because you are very active in the merchants area, which is very good and admirable, it would be a bless to realise there is also something as the technical and security side. Whitout proper monitoring we can't garantee the coin is existant tomorrow. And without a coin all your effort seeking merchants is washed down the drain.'At the moment I'm not in the position to create software to monitor the chain. Some people know I'm watching / trading and try to keep this coin healthy and thats enough to say about it.
A lot of people look at the wrong figures my friend, it's about the same as stating that a multimilion company is healty because it's selling multimillions. Selling multimillions is one thing but what matters is whats left after the costs are deducted. So a coin is not healthy when it has a high hashrate, it's healthy when the hasrate is spread amongs as many as possible. A coin is not healthy when the price is steady or rising, nope, it's healthy when there is a constant demand on the buying side.
I didn't mean to be insulting, like I said I appreciate your input. It's just that, even if you don't have time to program something, which is understandable. We all have other things to do as well. But you could mention what you are thinking and what you would make in order to protect it etc. in stead of just saying that it needs protection. That would be way more helpful. That is all ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Besides, that entire post wasn't aimed at you, I apologize if you took it all the wrong way. I'm just saying that there are too many people saying things and not doing things. And yes. Some look at the wrong figures, having a hashrate over 1 GH/s is good but it needs to be spread around a lot more. And we need a constant flow of buyers, but in order to do that we need merchants that accept the coin so people have a reason to buy more and spend it. In stead of just buying it to hold or trade. It's a mixture of things. True that. So again, I apologize if you took it the wrong way, just speaking my mind as you are ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) No need to apologize, you're part right about people shouting and doing nothing. But the same as with the misinterpretation of the figures, some people are acting behind the scene so you never know what someone really is or does. A lot of development work is never seen by the users and the same story goes for designing. You as a copywriter are in a lucky position your effort is read and recognized. geert Johan spends days making a program and all you see is the front webpage... Whats important here is that there are a lot of dedicated people busy in some way to make this coin a succes! I sure have some idea's about protecting the coin but shouting those idea's out here has no use because we end up in the technical jungle of Mr. Satoshi Nakamoto. You never know if people are just shouting and doing nothing maybe they speak what's on there mind or try to give ideas to other people no one knows. THSMINER please do share you insights about how to protect the coin because I'm interested in the technical side of thing's maybe more people do or give a link where to find it. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) and how did you calculate the 58% for our mystery dumper? I wish I could fast forward time without aging, would love to know where this coin is going to be in 6 months from now.
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strataghyst
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 04:36:38 PM Last edit: August 01, 2014, 06:48:45 PM by strataghyst |
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Dear Buerra, I will ignore the insulting tone you spread. Maybe it's wise to get more information about how crypto currencies work and how YOUR coins are safe. Because you are very active in the merchants area, which is very good and admirable, it would be a bless to realise there is also something as the technical and security side. Whitout proper monitoring we can't garantee the coin is existant tomorrow. And without a coin all your effort seeking merchants is washed down the drain.'At the moment I'm not in the position to create software to monitor the chain. Some people know I'm watching / trading and try to keep this coin healthy and thats enough to say about it.
A lot of people look at the wrong figures my friend, it's about the same as stating that a multimilion company is healty because it's selling multimillions. Selling multimillions is one thing but what matters is whats left after the costs are deducted. So a coin is not healthy when it has a high hashrate, it's healthy when the hasrate is spread amongs as many as possible. A coin is not healthy when the price is steady or rising, nope, it's healthy when there is a constant demand on the buying side.
I didn't mean to be insulting, like I said I appreciate your input. It's just that, even if you don't have time to program something, which is understandable. We all have other things to do as well. But you could mention what you are thinking and what you would make in order to protect it etc. in stead of just saying that it needs protection. That would be way more helpful. That is all ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Besides, that entire post wasn't aimed at you, I apologize if you took it all the wrong way. I'm just saying that there are too many people saying things and not doing things. And yes. Some look at the wrong figures, having a hashrate over 1 GH/s is good but it needs to be spread around a lot more. And we need a constant flow of buyers, but in order to do that we need merchants that accept the coin so people have a reason to buy more and spend it. In stead of just buying it to hold or trade. It's a mixture of things. True that. So again, I apologize if you took it the wrong way, just speaking my mind as you are ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) No need to apologize, you're part right about people shouting and doing nothing. But the same as with the misinterpretation of the figures, some people are acting behind the scene so you never know what someone really is or does. A lot of development work is never seen by the users and the same story goes for designing. You as a copywriter are in a lucky position your effort is read and recognized. geert Johan spends days making a program and all you see is the front webpage... Whats important here is that there are a lot of dedicated people busy in some way to make this coin a succes! I sure have some idea's about protecting the coin but shouting those idea's out here has no use because we end up in the technical jungle of Mr. Satoshi Nakamoto. You never know if people are just shouting and doing nothing maybe they speak what's on there mind or try to give ideas to other people no one knows. THSMINER please do share you insights about how to protect the coin because I'm interested in the technical side of thing's maybe more people do or give a link where to find it. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) and how did you calculate the 58% for our mystery dumper? I wish I could fast forward time without aging, would love to know where this coin is going to be in 6 months from now. By that time its on the moon! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Buerra
Legendary
Offline
Activity: 980
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 05:20:33 PM |
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By that time its on the moon!moon! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) lol. Rather in every place in NL in the hands of the people. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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thsminer
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2014, 06:01:17 PM |
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Dear Buerra, I will ignore the insulting tone you spread. Maybe it's wise to get more information about how crypto currencies work and how YOUR coins are safe. Because you are very active in the merchants area, which is very good and admirable, it would be a bless to realise there is also something as the technical and security side. Whitout proper monitoring we can't garantee the coin is existant tomorrow. And without a coin all your effort seeking merchants is washed down the drain.'At the moment I'm not in the position to create software to monitor the chain. Some people know I'm watching / trading and try to keep this coin healthy and thats enough to say about it.
A lot of people look at the wrong figures my friend, it's about the same as stating that a multimilion company is healty because it's selling multimillions. Selling multimillions is one thing but what matters is whats left after the costs are deducted. So a coin is not healthy when it has a high hashrate, it's healthy when the hasrate is spread amongs as many as possible. A coin is not healthy when the price is steady or rising, nope, it's healthy when there is a constant demand on the buying side.
I didn't mean to be insulting, like I said I appreciate your input. It's just that, even if you don't have time to program something, which is understandable. We all have other things to do as well. But you could mention what you are thinking and what you would make in order to protect it etc. in stead of just saying that it needs protection. That would be way more helpful. That is all ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Besides, that entire post wasn't aimed at you, I apologize if you took it all the wrong way. I'm just saying that there are too many people saying things and not doing things. And yes. Some look at the wrong figures, having a hashrate over 1 GH/s is good but it needs to be spread around a lot more. And we need a constant flow of buyers, but in order to do that we need merchants that accept the coin so people have a reason to buy more and spend it. In stead of just buying it to hold or trade. It's a mixture of things. True that. So again, I apologize if you took it the wrong way, just speaking my mind as you are ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) No need to apologize, you're part right about people shouting and doing nothing. But the same as with the misinterpretation of the figures, some people are acting behind the scene so you never know what someone really is or does. A lot of development work is never seen by the users and the same story goes for designing. You as a copywriter are in a lucky position your effort is read and recognized. geert Johan spends days making a program and all you see is the front webpage... Whats important here is that there are a lot of dedicated people busy in some way to make this coin a succes! I sure have some idea's about protecting the coin but shouting those idea's out here has no use because we end up in the technical jungle of Mr. Satoshi Nakamoto. You never know if people are just shouting and doing nothing maybe they speak what's on there mind or try to give ideas to other people no one knows. THSMINER please do share you insights about how to protect the coin because I'm interested in the technical side of thing's maybe more people do or give a link where to find it. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) and how did you calculate the 58% for our mystery dumper? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Easy things first. To see the hashrate division in a certain timespan take a block explorer and it shows you who mined that particular block. Just do this for N blocks and you can calculate which percentage is mined by which wallet. In the original design of bitcoin you had to sustain a 51% for a long time to do harm. With KGW it retargets pretty fast so depending on the algo it can be hours to days. As important your malware and virus scanner warns you something fuzzy is going on as important is it for a coin to get warnings when something with the hashrate division is going on. Thats reactive security. To keep it easy I will skip details as much as possible and some internal things I did not investigate thus do not know the exact functioning. For active security you have to dig in the mining protocol. At a certain moment a lot of hashing is done and when some node finds a block everyone is notified and starts confirming the finding. In the current protocol everyone "forgets" the past and there is no mechanism I know of that keeps track of who mines what. It is taken care of on a block by block basis. If you want to protect a network against concentration you need to know what a certain node submitted in the past. To get that information now you have to load the blockchain. But what if you do keep track of who submits what whitin a certain timespan just in the protocol. With that knowledge you can put a ban on a source for a certain amount of time. or whatever measure you take to slow down things a bit. At that moment this very high hashpower miner is not able to do any work until his ban is expired. If there are people over here with in depth protocol knowledge I would love to discuss this because it save me a lot of investigation. I also can name dozens of problems to address but thats a challenge...
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