★★★ [ANN][GTC] GUARANTCOIN ★★★ cryptocurrency backed by real gold,KGW-Fixed,Nscr

[bctalkaj]

This is wonderful, to back the coin with real value "Gold". I see no reason for it not to become the top coin far exceeding BTC (which is not really backed by anything). Only possible problem would be not able to convincingly show that it actually is backed by Gold.
You got the greatest idea. Best of luck!

[GuarantCoin]

http://guarantcoin.com/wp-content/uploads/2014/04/bounty-yoda-gtc-300x300.png

SUBMIT HERE

Show your imagination!

[GuarantCoin]

http://guarantcoin.com/wp-content/uploads/2014/03/itstime-150x150.png

First contribution, reward on it's way thanks!

Included in our resources list

[GuarantCoin]

This is wonderful, to back the coin with real value "Gold". I see no reason for it not to become the top coin far exceeding BTC (which is not really backed by anything). Only possible problem would be not able to convincingly show that it actually is backed by Gold.
You got the greatest idea. Best of luck!

We think so too. Thank you.

[TheMightyX]

Chat started on 25 Apr 2014, 06:19 PM (GMT+0)


(06:19:47) *** Dev team member joined the chat ***
(06:19:47) *** Visitor 56184803 joined the chat ***
(06:19:49) Dev team member: Hello, how can I help you?
(06:30:24) Dev team member: Fo
(06:30:26) Visitor 56184803: Is the gold already in stock to back this?
(06:30:49) Dev team member: Yes it is.
(06:31:35) Visitor 56184803: How many Kilos?
(06:31:56) Dev team member: 50 Kg in safe deposit
(06:32:24) Visitor 56184803: so how on earth are the devs going to profot from this?
(06:32:29) Visitor 56184803: profit*
(06:32:39) Dev team member: Yeah
(06:33:34) Dev team member: We would like to sell IPO to get back money from investment to gold.
(06:34:59) Dev team member: We would like to have revolution coin
(06:35:13) Dev team member: We were working on for months...
(06:35:36) Visitor 56184803: The maths dont make sense
(06:36:05) Dev team member: Boss...
(06:36:11) Dev team member: normal
(06:36:31) Dev team member: We fixed it.
(06:36:57) Dev team member: From block 1150 will be value of one block only 10 GTCs.
(06:37:21) Dev team member: 10 times less
(06:37:51) Dev team member: Now is great time to buy some guarantcoins.
(06:38:18) Visitor 56184803: You do realise it is hard to believe you guys have 50kilo of gold man.. If it was legit therewould be proof available
(06:38:48) Visitor 56184803: 50 kilogams is more than some poor countries
(06:40:28) Dev team member: You can mine 4200 GTCs and exchange it right now, or you can mine it, it is up to you
(06:40:39) Dev team member: *buy it - sorry
(06:42:01) Dev team member: I could take picture of gold, but bank will be open on Monday :/
(06:42:06) Visitor 56184803: Well there is no proof where there should be, this blind faith doesn't bide well with me personally
(06:42:39) Visitor 56184803: I think that would help the coin if you did that. if this is legit then the forum should be heaps more active withthis ANN
(06:43:11) Dev team member: Thanks for your ideas.
(06:43:30) Visitor 56184803: anyway apart from that, how are you going to profit from this? You cant just be giving away so much gold for no returns
(06:44:05) Dev team member: Returns is that we are selling IPO.
(06:44:34) Visitor 56184803: and that would more than cover the 50 kilos?? come on
(06:45:17) Dev team member: yes we get about 5%... because btc price isn't stable :/
(06:46:03) Visitor 56184803: 50 kilos in 10 gram purchases , would cost a heap.. who is the rich dude behind this?
(06:46:42) Visitor 56184803: The IPO stated 1 btc = 2 gtc coins..
(06:47:20) Dev team member: Dude is the 119th richest man.
(06:47:39) Dev team member: I can't say name. Sory.
(06:48:09) Visitor 56184803: ok thankyou for your time
(06:48:19) Dev team member: Good bay!
(06:48:57) *** Visitor 56184803 left the chat ***

What do you guys make of this? Would proof of gold ownership help this coin go big? Does the math work out... 50 kilos of gold is hard to wrap your head around amongst all these scamcoins etc..please discuss

then:

First this is crowdfunding project, the gold is to be secured first
by no other means, but from IPO/backers first.
The whole model is built around this from the start it's obvious.
I will take a session with our team and try to come up with something, that
would increase our credibility and trust. Meanwhile please consider that there
could be some projects left, that isn't nothing more than a scam.

Do I really have to spell this out for you people?
What the fuck are you doing!?
I'm getting sick and tired of having to point this shit out because everyone else is too fucking oblivious to say anything ><

I am not saying this is no scam, but the dev states right in that text that the IPO covers the cost of the gold, so in a sense it is backed by the IPO. The gold being in stock doesn't mean there is no reimbursement for it. I am not sure what if anything that this post proves.

What this post proves is that the developer lied about having gold already.
He said they have 50kg and that it was in a bank and he could go take a picture of it on monday.
He has STILL NOT DONE THIS.
Later he says that the gold will be secured (bought) with IPO funding.
So he DOESNT HAVE 50kg IN THE BANK.

He has also not addressed any concerns regarding credibility or liability.
When are we as a community going to stop making it so god damn easy for people to lie, cheat and steal?
When are we going to smarten up and demand more?

[andyatcrux]

I can see what you mean. I suppose I interpreted "secure" as recouping the investment costs, not purchasing the gold. Otherwise it would seem to be two conflicting stories. I suppose someone could be so stupid as to tell opposite stories. Sure, anything is possible. I for one have not placed anything into the ipo. I mined a few hundred coins and I will leave it at that.

[GuarantCoin]

As we said earlier, the guy that pooped this nonsense was only a livechat support volunteer, he claimed like total bollocks. Noone knows why but he did, simple as that. Nothing was true obviously.

So if you are like repost this mess all over again and everytime, this makes you, well add whatever you like, for the record:

Everyone know, that the chat is like total nonsence right?
It was a guy, that voluntarily /small gtc bounty/ helped us with the live support, showed up, he must be mentally ill and was fired right away.
117 richest man, realy? Cmon..
Guys the gold has to be indeed secured first. It will be secured by the backers. Of course we would like to prove you we are not a scam.
A little trust would not be bad either, we have not scammed anyone.

[GuarantCoin]

Got some news - we are on another exchange

Bittrex

We are now also working on making it all a little clearer and easier to get the whole idea. We are negotiating some cool stuff, which will make you miners and backers very very happy.

Have a nice one

[zakorus]

now this is something i HAVE to jump on! srsly!!!

[SharpNieSharp]

i would like to change my coins into real gold. where i can do it?

[hometester]

(06:40:28) Dev team member: You can mine 4200 GTCs and exchange it right now, or you can mine it, it is up to you
(06:40:39) Dev team member: *buy it - sorry
(06:42:01) Dev team member: I could take picture of gold, but bank will be open on Monday :/
(06:42:06) Visitor 56184803: Well there is no proof where there should be, this blind faith doesn't bide well with me personally
(06:42:39) Visitor 56184803: I think that would help the coin if you did that. if this is legit then the forum should be heaps more active withthis ANN
(06:43:11) Dev team member: Thanks for your ideas.

Have you taken the photo of the 50kg of gold yet?

[samuelseidel]

Difficulty only 0.49065263. Great! 

[deathmul]

Dev, any news?

[Contra]

Gtcpool.com will be closed?

[Trinibits]

Gtcpool will be closed?

Which pool?

[GuarantCoin]

Gtcpool.com will be closed?

They are working on some features on gtcpool.com , Should be running soon

Diff is down, good news for people that wanna mine it.

Soon there will be some great news. I suppose mid next week.

[Contra]

Should I leave my rig's connected to your gtcpool.com or change it to the other one?

[GuarantCoin]

You can check GuarantCoin at CryptoPrices

http://crypto-prices.com/GTC

We hope the price will go up, still very few know about us and we are working on it.

[GuarantCoin]

Should I leave my rig's connected to your gtcpool.com or change it to the other one?

You will get best results with solo mining now because diff is low besides solo is more fun

[SharpNieSharp]

Hey Guarantcoin team- i would like to exchange my coin into gold. Is there a way to do it? or u just scamming around ?
That would help u a lot if people would see that i got gold from exchanging coins