August 22, 2017, 02:28:26 pm

Recent Posts

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GoldCoin Discussion / Re: [Official] - Sunday Team Meetings on Skype
« Last post by MicroGuy on August 21, 2017, 04:54:08 am »
Sunday Meeting August 20th Highlights

Please find below highlights from Sunday's Skype meeting.

Note: The information below consists largely of my pre-meeting notes. There were several topics discussed during the Q&A portion of the meeting not included below. If you want to be sure to catch everything, be sure to catch the next meeting.

Opening: "GoldCoin (GLD) is the world's first Hard Money. A super secure value store and cash payment system for the New Digital World."

1.  Nova Exchange volume has been increasing lately and accounted for the second highest Goldcoin volume over the past 24 hours behind Bittrex. This is a positive sign indicating greater trading distribution.

2.  Mike Hearn has just released never-before-seen letters between himself and Satoshi Nakamoto. These letters provide the last remaining pieces of the puzzle. We now have the the entire blueprint for completing the vision of a trustless, permissionless currency (aka digital gold), and delivering it via the Goldcoin brand.

Source: https://bitcointalk.org/index.php?topic=2080206.0

3.  Today's meeting was recorded via screen capture and will be archived for possible publishing at a late date.

4.  As predicted at our last Sunday meeting, Goldcoin has broken through its 10 cents resistance level of 4 years. It appears that 10 cents is now a strong level of support. The Goldcoin price continues to demonstrate remarkable stability, considering the recent turbulence in Bitcoin, and continues its steady upward trajectory month over month.

5.  To ensure success we must remove all potential points of failure. As long as we are dependent on any device, exchange, provider, or individual, we are exposed and at risk. The internet is a prime example of proper decentralized scale. Goldcoin aims to be the internet of money. There is no other way to achieve unlimited scale.

 "Distributed, decentralized systems have an inherent power that literally obsoletes centralized systems. This is obvious even to the most casual observer. We have known this for decades. It was not until the arrival of the blockchain, however, that we had a tool capable of melding "decentralized" and "distributed" into a single unit within which no central authority whatsoever was necessary." ~ John McAfee

~~

Meetings are held every other Sunday @ 7:00 p.m. eastern time. For info on joining please visit: https://www.facebook.com/groups/goldcointalk/
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Altcoin Discussion / Re: Cryptsy Community Relief Project
« Last post by MicroGuy on August 17, 2017, 01:02:00 pm »
The password-protected Dropbox links to the requested wallets have been sent via PM.  :)
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Altcoin Discussion / Re: Cryptsy Community Relief Project
« Last post by theon140 on August 17, 2017, 12:22:08 pm »
Hello, great work securing these wallets.  I would like to work on a revival for cyphercoin.  If the wallet is still available, I would be very grateful to receive it.
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The Break Room / Re: [MUSIC] What Are You Listening to at the Moment?
« Last post by MicroGuy on August 16, 2017, 09:27:44 pm »
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GoldCoin Discussion / Re: Never Before Seen Letters Between Satoshi and Mike Hearn
« Last post by akumaburn on August 15, 2017, 08:05:15 pm »
Good to know.
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Altcoin Discussion / Re: Cryptsy Community Relief Project
« Last post by thesuper on August 14, 2017, 02:58:34 pm »

Is Aricoin on the list? Sorry, I've not done the best job keeping the list updated.

Pick 2 or 3 wallets and I'll send you what I have!  :toast:

Too much cryptocoins ...  ;D

Order of preference. First  Betacoin (91),  if not available Mapcoin (71).
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GoldCoin Discussion / Re: Never Before Seen Letters Between Satoshi and Mike Hearn
« Last post by MicroGuy on August 11, 2017, 09:22:33 pm »
As Bitcoin devolves into a complex mess of overlapping systems, GoldCoin shall remain a shining example of trustless simplicity.
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GoldCoin Discussion / Never Before Seen Letters Between Satoshi and Mike Hearn
« Last post by MicroGuy on August 11, 2017, 08:48:14 pm »
The letters below are from 2009. They consist mainly of Mike Hearn asking questions followed by Satoshi's replies.

Here are the letters:
https://pastebin.com/Na5FwkQ4
https://pastebin.com/cKZPC1rF
https://pastebin.com/wA9Jn100
https://pastebin.com/JF3USKFT
https://pastebin.com/syrmi3ET

From the first letter:

"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide.  Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost.  It never really hits a scale ceiling.  If you're interested, I can go over the ways it would cope with extreme size.
 
By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10.  Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.
 
I don't anticipate that fees will be needed anytime soon, but if it becomes too burdensome to run a node, it is possible to run a node that only processes transactions that include a transaction fee.  The owner of the node would decide the minimum fee they'll accept.  Right now, such a node would get nothing, because nobody includes a fee, but if enough nodes did that, then users would get faster acceptance if they include a fee, or slower if they don't.  The fee the market would settle on should be minimal.  If a node requires a higher fee, that node would be passing up all transactions with lower fees.  It could do more volume and probably make more money by processing as many paying transactions as it can.  The transition is not controlled by some human in charge of the system though, just individuals reacting on their own to market forces." ~ Satoshi

This is also a good one. It gets into scaling and using client-only mode. https://pastebin.com/wA9Jn100

These writings can assist us tremendously as we continue building Goldcoin with the trustless spirit and intention of The original design.


Source: https://bitcointalk.org/index.php?topic=2080206.0
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Trading Discussion / Re: Goldcoin Exchanges
« Last post by MicroGuy on August 11, 2017, 07:36:25 pm »
Saw this post on the BitCoin talk thread to:
https://www.coinhills.com/market/gld/

It identifies another exchange GLD is listed on called 'TradeSatoshi'. 
https://tradesatoshi.com/

Although the exchange is very low in overall trades, this was still something of a surprise.
https://coinmarketcap.com/exchanges/trade-satoshi/

Interesting. Thanks for posting!  :)

It's rewarding to see organic growth taking place on the Goldcoin platform. This will be the key to achieving global scale.
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Trading Discussion / Re: Goldcoin Exchanges
« Last post by stemis on August 10, 2017, 06:14:01 am »
Saw this post on the BitCoin talk thread to:
https://www.coinhills.com/market/gld/

It identifies another exchange GLD is listed on called 'TradeSatoshi'. 
https://tradesatoshi.com/

Although the exchange is very low in overall trades, this was still something of a surprise.
https://coinmarketcap.com/exchanges/trade-satoshi/
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