I just have a few questions about how gold coin started and its current status.
When goldcoin first started was there any in existence? I dont mean easy mining but actually given directly to tje creator and his team?
Second how many goldcoin are currently in circulation? Also, is there a max amount of goldcoin that can exist if there is then how much and how long will it take to reach it.
I want to help make the goldcoin network stronger and more secure and I currently leave the wallet open on my computer in hope that it will check transactions. I also mine sometimes. Is there anything else I can do to help the network?
Does anyone have power to change the system allowing for granting coins to themselves?
Lastly goldcoin and bitcoin has bren recently dropping in price do you tjink this is because what apple has done or something more? Do you think these currencies will recover?
If anyone can answer some or all of these questions that would be helpful.
The original developer (who is no longer involved with goldcoin) publicly announced the start and the very first goldcoins were created. In the earliest days of Goldcoin there were super blocks designed to reward these early miners. Goldcoin was not pre-mined.
There are currently 29,745,680 GLD is existence. About 120 million coins will be created in total over the next 100 years. An easy way to keep track of this total is here:
http://coinmarketcap.com/mineable.htmlYou can help the network by leaving your client open, mining, and encouraging others to do the same. No one has any special power to grant coins to themselves. Coins can only be obtained by mining them, selling something in exchange for goldcoins, or buying coins on an exchange.
I hope this helps to answer your questions and thank you for supporting Goldcoin.
