[ANN][GoldReserve][XGR]X11 Unique Stabilizer Fund, BACKED BY GOLD NOW!

[kahir]

i love the coin idea .... but can u fix the POS and make source public

[Crypto_Enthusiast]

i love the coin idea .... but can u fix the POS and make source public

Dev: please listen to the public's requests & faith will be restored quickly

[JTB800]

Ok, I apologize if this question has already been answered, but I cannot read another POW/POS post any longer.

Can someone tell me where exactly this gold is being stored? The actual bullion (or coins) I mean. And who is paying for the storage and insurance (from theft)? I am not being a troll. I own quite a bit of XNF (a similar "coin" on the Ripple platform) and I think the basic idea of XGR is fantastic.

However, the temptation is great. There are two opportunities for a scam here. One is the usual -- The dev takes the pre-mine (or an IPO) and is never heard from again. The second opportunity is the gold itself. Let's say that gold shoots to the moon and all of the XGR investors are thrilled. Well, now a developer has more temptation to disappear or claim that it was stolen. So, basically I am just asking what assurances do investors in XGR have that they are entitled to their share of the gold?

Thank you.

[metalcoin]

please excuse my shameless self advertising, but if this coin doesn't work out, you can all mine MTC for gold   

https://bitcointalk.org/index.php?topic=651653.new#new

metalcoin.org

[Mesterlovesz74]

Ok, I apologize if this question has already been answered, but I cannot read another POW/POS post any longer.

Can someone tell me where exactly this gold is being stored? The actual bullion (or coins) I mean. And who is paying for the storage and insurance (from theft)? I am not being a troll. I own quite a bit of XNF (a similar "coin" on the Ripple platform) and I think the basic idea of XGR is fantastic.

However, the temptation is great. There are two opportunities for a scam here. One is the usual -- The dev takes the pre-mine (or an IPO) and is never heard from again. The second opportunity is the gold itself. Let's say that gold shoots to the moon and all of the XGR investors are thrilled. Well, now a developer has more temptation to disappear or claim that it was stolen. So, basically I am just asking what assurances do investors in XGR have that they are entitled to their share of the gold?

Thank you.

Good questions. I have to say, that at the begining, Gold will be stored at my account. I can not pay for an escrow, there is none in my vicinity and it will cost a lot of money, monthly I mean, so at the moment it is not an option. Later, I have a plan to establish a non-profit organization, which will be the legal guardian of the coin and people who own GoldReserve coins will have "shares" in that company and share value will be the minimum buyback price of 1 XGR.

I know that for anyone who do not know me (so all of you), it seems to be a great temptation and an opportunity for a scam. We discussed that before, so I won't repeat myself. I need time to make this coin what is should be (a great store of value, unique amongst altcoins).

From my view, if I give control to the Gold account to some unknown but trustworthy escrow service, then it is as risky for me that it is for you to trust in me. If things will go as I planned, we will have at least a 100 BTC worth of Gold on that account. I can not risk to loose it because I trusted some unknown person or service.

[Mesterlovesz74]

please excuse my shameless self advertising, but if this coin doesn't work out, you can all mine MTC for gold   

https://bitcointalk.org/index.php?topic=651653.new#new

metalcoin.org

Well, well. People were furious about my 10% premine. You have 30%. I do not know what is the big secret assurance you have, but I am curious.

[Mesterlovesz74]

i love the coin idea .... but can u fix the POS and make source public

Dev: please listen to the public's requests & faith will be restored quickly

I am listening to the public's requests and I am working on it to come up with a fine solution!

[JTB800]

Ok, I apologize if this question has already been answered, but I cannot read another POW/POS post any longer.

Can someone tell me where exactly this gold is being stored? The actual bullion (or coins) I mean. And who is paying for the storage and insurance (from theft)? I am not being a troll. I own quite a bit of XNF (a similar "coin" on the Ripple platform) and I think the basic idea of XGR is fantastic.

However, the temptation is great. There are two opportunities for a scam here. One is the usual -- The dev takes the pre-mine (or an IPO) and is never heard from again. The second opportunity is the gold itself. Let's say that gold shoots to the moon and all of the XGR investors are thrilled. Well, now a developer has more temptation to disappear or claim that it was stolen. So, basically I am just asking what assurances do investors in XGR have that they are entitled to their share of the gold?

Thank you.

Good questions. I have to say, that at the begining, Gold will be stored at my account. I can not pay for an escrow, there is none in my vicinity and it will cost a lot of money, monthly I mean, so at the moment it is not an option. Later, I have a plan to establish a non-profit organization, which will be the legal guardian of the coin and people who own GoldReserve coins will have "shares" in that company and share value will be the minimum buyback price of 1 XGR.

I know that for anyone who do not know me (so all of you), it seems to be a great temptation and an opportunity for a scam. We discussed that before, so I won't repeat myself. I need time to make this coin what is should be (a great store of value, unique amongst altcoins).

From my view, if I give control to the Gold account to some unknown but trustworthy escrow service, then it is as risky for me that it is for you to trust in me. If things will go as I planned, we will have at least a 100 BTC worth of Gold on that account. I can not risk to loose it because I trusted some unknown person or service.

Yes, I understand that the beginning will be difficult. But, there are reputable gold storage facilities. Yes, they are expensive (relatively speaking), but I think that most people would prefer some third party account of some kind. Take it out of the pre-mine or add more pre-mine. (I am not one of these people that hate pre-mine).

Anyway, setting it up properly will no doubt be time-consuming and somewhat costly, but, hey, it was your idea! And as far as I am concerned you should be compensated for your time. Anyway, I wish you luck on XGR!

[Crypto_Enthusiast]

Devs - how do you plan to increase buying pressure? 24 hour volume has been 0.5788 BTC - you will need a lot more than that to buy gold no?

I ask as an investor, as a miner who is interested in this coin - I would like to know how you plan to increase the amount of people buying the coin? Being added to bittrex.com would help to begin with.

[noodle_dam]

The 3,800,000 ( x 80%) of pre-mine unaccounted for will need to be sold at >= 0.00003289 to provide the BTC100 fund to buy gold. That will require a lot of buying pressure.

Say it works out great, theres BTC100 worth of gold in an account, using todays rates, what will each of the 40,000,000 PoW shares be worth?

[yogibaer]

The 3,800,000 ( x 80%) of pre-mine unaccounted for will need to be sold at >= 0.00003289 to provide the BTC100 fund to buy gold. That will require a lot of buying pressure.

Say it works out great, theres BTC100 worth of gold in an account, using todays rates, what will each of the 40,000,000 PoW shares be worth?

about 1.25kg gold

1 XGR is about 0.00125 $ (1oz gold = 1250$)

[Adapted]

The 3,800,000 ( x 80%) of pre-mine unaccounted for will need to be sold at >= 0.00003289 to provide the BTC100 fund to buy gold. That will require a lot of buying pressure.

Say it works out great, theres BTC100 worth of gold in an account, using todays rates, what will each of the 40,000,000 PoW shares be worth?

about 1.25kg gold

1 XGR is about 0.00125 $ (1oz gold = 1250$)

1 XGR could be worth quite bit more if you ask me...
The price you are stating should be the minimum of what should be the coin's value

[noodle_dam]

The 3,800,000 ( x 80%) of pre-mine unaccounted for will need to be sold at >= 0.00003289 to provide the BTC100 fund to buy gold. That will require a lot of buying pressure.

Say it works out great, theres BTC100 worth of gold in an account, using todays rates, what will each of the 40,000,000 PoW shares be worth?

about 1.25kg gold

1 XGR is about 0.00125 $ (1oz gold = 1250$)

Thank you for that maths!!!! I was too lazy to do it and wanted to be sure it was correct.

If this is true we literally have a .... gold mine on our hands.

Which brings us back to:
1. How will we create enough buy pressure to generate 100btc from the constant dumping of 3,800,000 coins over the next 2-3weeks.
and
2. JTB800's valid security/insurance concerns:

Ok, I apologize if this question has already been answered, but I cannot read another POW/POS post any longer.

Can someone tell me where exactly this gold is being stored? The actual bullion (or coins) I mean. And who is paying for the storage and insurance (from theft)? I am not being a troll. I own quite a bit of XNF (a similar "coin" on the Ripple platform) and I think the basic idea of XGR is fantastic.

However, the temptation is great. There are two opportunities for a scam here. One is the usual -- The dev takes the pre-mine (or an IPO) and is never heard from again. The second opportunity is the gold itself. Let's say that gold shoots to the moon and all of the XGR investors are thrilled. Well, now a developer has more temptation to disappear or claim that it was stolen. So, basically I am just asking what assurances do investors in XGR have that they are entitled to their share of the gold?

Thank you.

Good questions. I have to say, that at the begining, Gold will be stored at my account. I can not pay for an escrow, there is none in my vicinity and it will cost a lot of money, monthly I mean, so at the moment it is not an option. Later, I have a plan to establish a non-profit organization, which will be the legal guardian of the coin and people who own GoldReserve coins will have "shares" in that company and share value will be the minimum buyback price of 1 XGR.

I know that for anyone who do not know me (so all of you), it seems to be a great temptation and an opportunity for a scam. We discussed that before, so I won't repeat myself. I need time to make this coin what is should be (a great store of value, unique amongst altcoins).

From my view, if I give control to the Gold account to some unknown but trustworthy escrow service, then it is as risky for me that it is for you to trust in me. If things will go as I planned, we will have at least a 100 BTC worth of Gold on that account. I can not risk to loose it because I trusted some unknown person or service.

Yes, I understand that the beginning will be difficult. But, there are reputable gold storage facilities. Yes, they are expensive (relatively speaking), but I think that most people would prefer some third party account of some kind. Take it out of the pre-mine or add more pre-mine. (I am not one of these people that hate pre-mine).

Anyway, setting it up properly will no doubt be time-consuming and somewhat costly, but, hey, it was your idea! And as far as I am concerned you should be compensated for your time. Anyway, I wish you luck on XGR!

[yogibaer]

The 3,800,000 ( x 80%) of pre-mine unaccounted for will need to be sold at >= 0.00003289 to provide the BTC100 fund to buy gold. That will require a lot of buying pressure.

Say it works out great, theres BTC100 worth of gold in an account, using todays rates, what will each of the 40,000,000 PoW shares be worth?

about 1.25kg gold

1 XGR is about 0.00125 $ (1oz gold = 1250$)

1 XGR could be worth quite bit more if you ask me...
The price you are stating should be the minimum of what should be the coin's value

yes this was the minimum value according to the amount gold. of course i expect a higher trading value for this coin.

[metalcoin]

please excuse my shameless self advertising, but if this coin doesn't work out, you can all mine MTC for gold   

https://bitcointalk.org/index.php?topic=651653.new#new

metalcoin.org

Well, well. People were furious about my 10% premine. You have 30%. I do not know what is the big secret assurance you have, but I am curious.

Wooaaaahhahaha, am I your arch nemesis now? No, I support your coin over most coins out there, because GRE offers real value in it's coin, not just a popular meme, no offense DOGE.

If you're curious about the secret concept, you'll have to stay connected, if all goes well, it will be revolutionary. 

Anyhow, I hope your coin does well, I'm rooting for you!

GOOD LUCK!!!!!

[ljm81]

If you all want to know how Bittrex picks there coins to list AtheistCoin is a good example https://twitter.com/hashtag/AtheistCoin?src=hash.
Thats the buying pressure you need.

[Mesterlovesz74]

The 3,800,000 ( x 80%) of pre-mine unaccounted for will need to be sold at >= 0.00003289 to provide the BTC100 fund to buy gold. That will require a lot of buying pressure.

Say it works out great, theres BTC100 worth of gold in an account, using todays rates, what will each of the 40,000,000 PoW shares be worth?

about 1.25kg gold

1 XGR is about 0.00125 $ (1oz gold = 1250$)

1 XGR could be worth quite bit more if you ask me...
The price you are stating should be the minimum of what should be the coin's value

yes this was the minimum value according to the amount gold. of course i expect a higher trading value for this coin.

Yes, the price we are talking about will be the minimum buyback price of the coin. At the begining that will be a low amount comparing to the market value of the coin! But later, when everything will fit into place, there could be a much higher ratio.

Doing the math: 100 BTC for premine, means 80 BTC for gold reserve: 80/40000000=0,000002 BTC/XGR (200 sat), momentary price of XGR is 1500 sat, it is a 1:7,5 ratio. Later, it could be 1:4, 1:3, 1:2 ratio, which will give the investors a bigger confort holding XGR for longer terms.

[Mesterlovesz74]

please excuse my shameless self advertising, but if this coin doesn't work out, you can all mine MTC for gold   

https://bitcointalk.org/index.php?topic=651653.new#new

metalcoin.org

Well, well. People were furious about my 10% premine. You have 30%. I do not know what is the big secret assurance you have, but I am curious.

Wooaaaahhahaha, am I your arch nemesis now? No, I support your coin over most coins out there, because GRE offers real value in it's coin, not just a popular meme, no offense DOGE.

If you're curious about the secret concept, you'll have to stay connected, if all goes well, it will be revolutionary. 

Anyhow, I hope your coin does well, I'm rooting for you!

GOOD LUCK!!!!!

Hey man, don't be upset, I did not mean that! I am just telling you because, man, I had some weird shit for starting with 10% premine, so prepare yourself! There are people out there who will try to eat you alive for that! 

I am supporting any idea which gives something really valuable to any new coin! I am rooting for you too!

Good Luck!

[Mesterlovesz74]

Devs - how do you plan to increase buying pressure? 24 hour volume has been 0.5788 BTC - you will need a lot more than that to buy gold no?

I ask as an investor, as a miner who is interested in this coin - I would like to know how you plan to increase the amount of people buying the coin? Being added to bittrex.com would help to begin with.

Ok, about buying pressure. I am planning a twitter campaign, first with the help of a community but in next week I will pay an expert to do that for us! I will promote GoldReserve at other important sites, social media as well. I am getting offers from media expert, they wanna promote GoldReserve.

These are my short term plans. And we will have a merchant who accept XGR soon!!!

[scorpio18]

GoldReserve POOL
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