Further thoughts.....
The thing that attracted me to this coin was the name Gold Coin.
I also very much like the GLD designation. It has nothing to do with the type of hash or the block reward, it's simply the name I like. This is how consumers look at things, not from the underlying technology. If that was the case, no one would use Windows. But they like that name and they will like this name.
And there is nothing that can stop this coin from succeeding if we can all work together and build a team. This is going to take focus, cooperation, compromise, and leadership. When I talk about the stars aligning, this is what I mean.
This coin is like a mighty ship dead in the water and drifting towards a giant iceberg. There is no power and the rudder is useless. We need to take emergency measures to regain directional control of this ship and either steer to the right or to the left of the iceberg. As long as we miss the iceberg, we are still afloat and alive.
1. The Right Turn
Try to salvage the current code and fix the blockchain through coordinated hashing power. Update the client as needed and continue with this version. This will require someone at the helm of the code that can/will communicate and respond to emails and private messages. We also need to know more about the code so we don't become blindsided down the road. If we take the right turn, we still need a second developer.
2. The Left Turn
This is a HARD left. Write a new client from scratch that is leaner and meaner than the existing client. One that has been well thought out and cleanly written. Then what we can do is pre-mine coins for the purposes of exchange. We will create an exchange program where miners and investors holding coins from the current version 1.0 can swap them for shares/coins from version 2.0. This will keep market prices in check and will most probably increase the market prices as the market then would see we have a new and clear direction.
These are my thoughts. I welcome yours.
