GoldCoin Mission Statement / Core Principles

[MicroGuy]

Mission Statement:

"Our mission is to create a physical gold replacement by completing the vision of Satoshi and establishing the ultimate digital commodity. Our 51% attack defense and Golden River difficulty algorithm give us the strongest most robust blockchain in all of cryptocurrency.

While our competitors are focused on micro transactions and payments, our focus is on enhancing the value-storage side of the equation. We have built a practical physical gold replacement that can be used by everyone today as a digital commodity. Goldcoin truly is the gold standard of digital currency, a safe haven for value in a turbulent world."

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Quick notes:

--  To build most secure blockchain in the industry.
--  To focus on commodity uses of currency (value store).
--  To remain true to the spirit of Satoshi's initial vision.
--  To fully leverage our valuable name through marketing and branding.

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"Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency." ~ Jon Matonis

[MicroGuy]

What we must do is build Goldcoin into a widely accepted generally agreed upon value store, "the Gold money for the 21st century." We need to all promote its use as a digital precious metal - a safe place to store value.

Most other coins are focused on merchants, payments, bells, whistles, etc. Our strength is in our network, our name, our community, and our bullet-proof client. Storing value in GLD should be like storing gold in a bank vault.

Goldcoin is a proper currency as Satoshi intended. It's the Gold Standard of digital currency.

~

"The first principle of any non-governmental money is survival." ~ Jon Matonis

[TestingCrypto]

What we must do is build Goldcoin into a widely accepted generally agreed upon value store, "the Gold money for the 21st century." We need to all promote its use as a digital precious metal - a safe place to store value.

Most other coins are focused on merchants, payments, bells, whistles, etc. Our strength is in our network, our name, our community, and our bullet-proof client. Storing value in GLD should be like storing gold in a bank vault.

Goldcoin is a proper currency storage of value ("without all the gravity & matter, making it limitless in design") as Satoshi intended. It's the Gold Standard of digital currency.

~

"The first principle of any non-governmental money is survival." ~ Jon Matonis

It's never been about the "money", it's all about the transactions of stored value & moving forward with the world, not stand still in time. The world has gone through a back & forth change in the transactions of value, but "without gravity & matter" the transactions take less of a toll on the WORLD. My 2 sat os hi's~

~Always testing, not always passing, as most of us (not all) learn from our failures set in front of us & a future of passing is what is needed most in the world!
//If one is to only test one, then one only knows one & the rest is a sea of unknown. Meaning = testing is vital & having a choice is even more so, don't stick with something just because the CROWD does! Leave that to the testers of the world, as they walk with a very big caution signs & don't want others to fail as many times as us humans do.

[MicroGuy]

https://twitter.com/realmicroguy/status/702623311369469953



https://twitter.com/jonmatonis/status/702785121020055552

[MicroGuy]

Note to self: Add a little David Jerry flavor into mission statement!

https://twitter.com/digitsu

[cryptosolar]

Text from Princeton Bitcoin Textbook:

To create a free-floating digital currency that is likely to acquire real value, you need to have
something that’s scarce by design. In fact, scarcity is also the reason why gold or diamonds have been
used as a backing for money. In the digital realm, one way to achieve scarcity is to design the system
so that minting money requires solving a computational problem (or “puzzle”) that takes a while to
crack.

Another similar proposal, by Nick Szabo, is called Bitgold. Szabo says he had the idea for Bitgold as
early as 1998, but didn’t get around to blogging about it until 2005. The reason I mention this is that
there’s a minor conspiracy theory popularized by Nathaniel Popper, a New York Times reporter who
wrote a very good book on the history of Bitcoin. Popper notes that the blog post timestamps were
changed after Satoshi posted the Bitcoin whitepaper so that the Bitgold proposal looks like it was
written up about two months after Bitcoin was released. Popper believes, like many other observers,
that Szabo could be Satoshi, and he cites the timestamp change as evidence of Szabo/Satoshi trying to
cover up the fact that he invented Bitgold before he knew about Bitcoin.

Next, we might ask ourselves, “What did Satoshi know about the history of ecash?” To understand
this better, we can start by looking at what he cites in his white paper as well as the references that
existed on early versions of the Bitcoin website. In the white paper he cites some papers on basic
cryptography and probability theory. He also cites the time-stamping work that we saw earlier, and
it’s very natural to think that he based the design of the block chain on these references since the
similarities are so apparent. He also cites the Hashcash proposal whose computational puzzle is very
similar to the one that’s used in Bitcoin. He also has a reference to b-money. Later, on the website, he
added references to Bitgold and as well to a scheme by Hal Finney for reusing computational puzzle
solutions.

So i think we still follow the Root of Satoshis Vision