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Topic: [ANN] Guncoin(GUN) - New GUN Core V2.0 Released - Masternodes are HERE! - page 23. (Read 187710 times)

legendary
Activity: 1453
Merit: 1030
Any mayor wallet change would require a hardfork. Any hardfork will leave 2 chains in existence.
Ultimately, the choice is about decentralization ór a coin as a managed 'product', if you will.

In the footsteps of Bitcoin would be the former, adopting other coin tech (like dash) the latter.
Decentralization entails the risk of attack, it's programmed into the architecture.
I'd say any architectural leap to avoid an attack, defines the coin more in the
realm of 'product', rather than decentralized currency.

newbie
Activity: 44
Merit: 0
I'd like to address some questions on masternodes from some of other social media outlets that has come up this week.....That has been a hot topic for well over a year and something we have considered and NEVER ruled out.  It is still seriously being considered by the Guncoin Team.  But as many of you know, not something we can just roll in to the current coin.

Keep in mind that our path that we set out on a year ago was to bring GUN totally current with technology using the Bitcoin Core model with a few extra bells and whistles along the way.  To date, we have successfully met that goal (ahead of schedule) and like other coins following the Bitcoin Core, we are on the Lightning Network path and have a VERY VERY capable coin.

Our goal has always been and really still is, to provide a totally safe, secure, stable and fast way to handle firearms tranactions for merchants who choose to use GUN in place of a typical merchant account.  At this point, we are right there - that is what GUN is today!  While there are not a lot of dealers/sellers using GUN yet, there are some using it regularly with much success.  We are thrilled to death where GUN is today and what it offers the every day gun dealer for transaction purposes.

NOW, the other side of the coin (no pun intended) is those who choose to INVEST in GUN and have been doing so very loyally for may years.  While they have always come second to our primary goal stated above, they have and will not be ignored and we have full plans to address their needs as well - it is just not possible for the GUN Team to do EVERYTHING at once and loose focus on what we are trying to get done - So that is where masternodes could possibly come into the picture in looking out for long-time GUN investors and miners.

Simply put, we are still a small coin with huge potential, but the reality is that we cannot do everything at once.  Anything we do, takes time and money - nothing is free.  While there are may great ideas (like masternodes, privated networks, smart contracts, etc.), they cannot all be done at once, cost money and in many cases, cannot be done within the same coin with current programming technology. That may disappoint some or many of you, but that is the reality of it.  GUN is currently a Proof of Work (PoW) coin and has been since day one.  Masternode coins for the most part are Proof of Stake (PoS) - those two architectures for the most part are not really compatible with each other in the same coin or token.

The GUNCOIN team has never been one to chase technology and be on the bleeding edge of things.  That goes against our principle of providing a solid and stable coin like we described above.  If you remember, we waited several years for technology to advance to a point and the altcoin acceptance was at a point for us to implement what we have done over the past 8-9 months. For those who stayed with us - you know it was worth the wait.

So for those that follow Altcoins, you are aware that there are several hybrid coins out there that fall into the PoW/PoS hybrid category that offer advantages of both PoS and PoW.  While those are VERY attractive to us and we keep close watch on them, we are not 100% sure that is the correct path for the current GUN that we have now.They are very new in mumber, appear to be functioning well and provide a coin usable for day-to-day transactions AND something worthwhile for coin investors.  As this technology and coding matures, it is a very real possibility for GUN in the near future.  Of course a much more simpler and quicker option is just to create a GUN PoS coin with masternodes and airdrop the coins in to current GUN owners in pools and exchanges.

At this time, we have no preference over either path and both are on the table for the GUN team to evalate and figure a way to pay for if and when we go down one of those paths.  Both paths offer advantages and disadvantages as you can imagine. Right now, we have a solid, stable and easy to maintain coin - why mess with it?  On the other hand, not sure we want to deal with managing 2 different coins - no matter how they are linked together.  So nothing is decided and we are still evaluating the possibilitieis and accessing what can and cannot be done now.  As always, we are open to your opinions and ideas that is purpose of this post.

For those who have followed GUN for many years and accumulated coins, you are aware that we do not stand still - we keep moving and try and choose our path wisely.  We are not a pump and dump team, otherwise, we would have been gone long ago. We are here for the long term, still have most of GUN coin that we have mined over the years and looking forward to a bright future for GUN.  As always, we appreciate you patience and support.



I understand the concept of time and cost of money, but for the past month, has been news in the crypto world of constant, deliberate 51% attacks and double spending...

https://news.bitcoin.com/you-can-now-51-attack-a-coin-for-as-little-as-500/

I must say, GUN coin indeed has a HUGE potential in the the future but will experience a huge set back should double spending occur...
Maybe it's happening now and nobody in the community has a clue as the coin is relatively cheap.

Bitcoin itself could have been a victim of 51% attack, while in it's early small marketcap stage, but very few were educated on the concept of how crytocurrency and blockchain technology works... By the time the Bitcoin adoption spread, those who tried to educated themselves on how to maliciously hack, 51% attack, reverse blocks, and double spend, Bitcoin, Ether, and even Litecoin prices has already risen to the point where it would be expensive and unfeasible to perform such dishonesty.  In the Bitcoin early stages, it was more common to fork and create new altcoin for profits instead...

But now since these POW altcoins are becoming more pricey enough to the point where miners can just immediately take their earnings on a weekly, even daily basis and sell their coins on the exchanges, cryptocrooks have also figured out a way to profit from the cheap hashrate cost of performing a 51% attack... I could be wrong, but I've notice that there were NO news on a 51% attack or double spending on POS coins as even as expensive as ETH is to perform such malice, that network is even changing to POS in the near future.

POS forces individuals to purchase coins and risk losing their possessions should any dishonesty occurs... For a POS 51% attack to occur I believe one must own 51% of the coins in current existence, which is truly, relatively expensive. POW sort of does the same thing with electricity but essentially there is no explicit up front risk as your money is automatically at STAKE, in addition, should they try anything, electricity would make the hash rate costly, but to notice your coins are directly lost and taken away from you is a big ouch and nobody ever wants to experience that... . It would also be more of an incentive for miners to participate and more nodes would be added to network with a cheaper electric bill. Again Gun coin will face alot of shady obstacles during it's adoption, which would be costly, should it remain as a POW mining coin while it's cheap in price and vulnerable.






sr. member
Activity: 781
Merit: 276
I'd like to address some questions on masternodes from some of other social media outlets that has come up this week.....That has been a hot topic for well over a year and something we have considered and NEVER ruled out.  It is still seriously being considered by the Guncoin Team.  But as many of you know, not something we can just roll in to the current coin.

Keep in mind that our path that we set out on a year ago was to bring GUN totally current with technology using the Bitcoin Core model with a few extra bells and whistles along the way.  To date, we have successfully met that goal (ahead of schedule) and like other coins following the Bitcoin Core, we are on the Lightning Network path and have a VERY VERY capable coin.

Our goal has always been and really still is, to provide a totally safe, secure, stable and fast way to handle firearms tranactions for merchants who choose to use GUN in place of a typical merchant account.  At this point, we are right there - that is what GUN is today!  While there are not a lot of dealers/sellers using GUN yet, there are some using it regularly with much success.  We are thrilled to death where GUN is today and what it offers the every day gun dealer for transaction purposes.

NOW, the other side of the coin (no pun intended) is those who choose to INVEST in GUN and have been doing so very loyally for may years.  While they have always come second to our primary goal stated above, they have and will not be ignored and we have full plans to address their needs as well - it is just not possible for the GUN Team to do EVERYTHING at once and loose focus on what we are trying to get done - So that is where masternodes could possibly come into the picture in looking out for long-time GUN investors and miners.

Simply put, we are still a small coin with huge potential, but the reality is that we cannot do everything at once.  Anything we do, takes time and money - nothing is free.  While there are may great ideas (like masternodes, privated networks, smart contracts, etc.), they cannot all be done at once, cost money and in many cases, cannot be done within the same coin with current programming technology. That may disappoint some or many of you, but that is the reality of it.  GUN is currently a Proof of Work (PoW) coin and has been since day one.  Masternode coins for the most part are Proof of Stake (PoS) - those two architectures for the most part are not really compatible with each other in the same coin or token.

The GUNCOIN team has never been one to chase technology and be on the bleeding edge of things.  That goes against our principle of providing a solid and stable coin like we described above.  If you remember, we waited several years for technology to advance to a point and the altcoin acceptance was at a point for us to implement what we have done over the past 8-9 months. For those who stayed with us - you know it was worth the wait.

So for those that follow Altcoins, you are aware that there are several hybrid coins out there that fall into the PoW/PoS hybrid category that offer advantages of both PoS and PoW.  While those are VERY attractive to us and we keep close watch on them, we are not 100% sure that is the correct path for the current GUN that we have now.They are very new in mumber, appear to be functioning well and provide a coin usable for day-to-day transactions AND something worthwhile for coin investors.  As this technology and coding matures, it is a very real possibility for GUN in the near future.  Of course a much more simpler and quicker option is just to create a GUN PoS coin with masternodes and airdrop the coins in to current GUN owners in pools and exchanges.

At this time, we have no preference over either path and both are on the table for the GUN team to evalate and figure a way to pay for if and when we go down one of those paths.  Both paths offer advantages and disadvantages as you can imagine. Right now, we have a solid, stable and easy to maintain coin - why mess with it?  On the other hand, not sure we want to deal with managing 2 different coins - no matter how they are linked together.  So nothing is decided and we are still evaluating the possibilitieis and accessing what can and cannot be done now.  As always, we are open to your opinions and ideas that is purpose of this post.

For those who have followed GUN for many years and accumulated coins, you are aware that we do not stand still - we keep moving and try and choose our path wisely.  We are not a pump and dump team, otherwise, we would have been gone long ago. We are here for the long term, still have most of GUN coin that we have mined over the years and looking forward to a bright future for GUN.  As always, we appreciate you patience and support.

sr. member
Activity: 781
Merit: 276
Oooh, I like the segwit coins in a native segwit address.

Yes, GUN is current with everything now.  More to come.....
newbie
Activity: 53
Merit: 0
I joined this plan. I'm interested to watch how the developers realize the plan!
 Good luck fellows!
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Oooh, I like the segwit coins in a native segwit address.
sr. member
Activity: 781
Merit: 276
We do have the web wallet update in progress now as well.  This will officially be GUN Web V1.1 when released per the current roadmap.  This will update the node there to GUN V1.5 and add AJAX to the site so it refreshes much better.  There will be a few more additions that we will announce when we get closer to the release date.
newbie
Activity: 42
Merit: 0
It's an interesting project, I just hope it protects people from unscrupulous people.
sr. member
Activity: 781
Merit: 276
The name of the project is really awesome "Guncoin" Smiley. well, I would be pleased to know further about this project.
Guncoin has been around now for over 4 years.  You can find out most of what you need to know on our website at http://www.guncoin.info.  Thanks for joining the community!
newbie
Activity: 56
Merit: 0
The name of the project is really awesome "Guncoin" Smiley. well, I would be pleased to know further about this project.
sr. member
Activity: 781
Merit: 276
I've installed the Guncoin mac wallet and also the Linux wallet on a Linx laptop.  I've generated new addresses, but TheBlocksFactory & Cryptopia say that they are invalid addresses.  This is after a complete sync.  Is this because they are running on old wallets?

Sorry, for taking so long to respond - I travel frequently and it sometimes take a while to get computer access again.  So I think you got your answer from Bushstar on the telegram channel already.  I will repeat it just for others who venture through here and experience the same thing.  The new GUN V1.5 client can send to all Guncoin addresses, it is older versions of the wallet that cannot send to the new P2SH addresses.  So in theory, the new code is backward compatible, but in reality not so much from a network perspective.  There is nothing odd or bad with this, it is designed this way and you can educate yourself on the new Segwit addressing scheme that we have now moved towards at the bitcoin core site.  Sooooo, we need all the pools and the exchanges to get upgraded as soon as possible to the new code.  Our GuncoinPool.com mining pool will be upgraded this weekend and the SSL certificate updated as well.  Thanks for all your support and patience as we continue to move forward - and special thanks to Bushstar for another great job with V1.5.
jr. member
Activity: 95
Merit: 1
I've installed the Guncoin mac wallet and also the Linux wallet on a Linx laptop.  I've generated new addresses, but TheBlocksFactory & Cryptopia say that they are invalid addresses.  This is after a complete sync.  Is this because they are running on old wallets?
sr. member
Activity: 781
Merit: 276
Since we are following the Bitcoin Core (not cash) protocol, does this mean in the future the Gun Coin network will have Layer 2 lighting payment channel implemented on top of its' BlockChain?


That is our desire.  A fast and reliable method for firearms sales and transactions has always been the end goal for the original Guncoin.
newbie
Activity: 44
Merit: 0
Since we are following the Bitcoin Core (not cash) protocol, does this mean in the future the Gun Coin network will have Layer 2 lighting payment channel implemented on top of its' BlockChain?



We are pleased and proud to announce the release of GUN Core V1.5. This is a huge day for Guncoin as with this release, we are now current and up to date with Bitcoin Core 0.16.0. This release is packed full of exciting features - some obvious, some subtle. But all are important as they make GUN a technologically current coin, as has always been our goal.

This release adds a new script (P2SH) address prefix and all addresses generated will use it by default. The prefix for script now begins with a G but is still different from regular P2PKH addresses which also begin with a G. P2PKH uses Base58 prefix 39 and P2SH uses Base58 prefix 38. Exchanges, pools and other services will be asked to update to this new version of Guncoin to allow people to withdraw to the new address.

 - Wallet defaults to SegWit addresses
 - BIP173 (Bech32) Address support (“gc1…” addresses)
 - HD-wallets by default
 - Performance Improvements
 - Script signature cache reimplemented as a “cuckoo cache”
 - Assumed-valid blocks have been introduced
 - BIP152: Some ompact blocks relayed before being fully validated
 - UTXO cache now claims unused mempool memory
 - P2P networking refactored with focus on concurrency and throughput
 - Chainstate database is now per-output instead of a per-transaction model
 - Full UTXO cache now used
 - Reduced redundant script validation
 - LevelDB upgraded to 1.20
 - Keypool refill sped up
 - ZMQ On Windows
 - Network Activity Toggle
 - Out-of-sync Modal Info Layer
 - Introduction of assumed-valid blocks
 - Sensitive Data Is No Longer Stored In Debug Console History
 - Rescanning with encrypted wallets
 - Fee Estimation Improvements
 - Multi-wallet support
 - Removal of Coin Age Priority
 - Mempool Persistence Across Restarts


sr. member
Activity: 781
Merit: 276
We are pleased and proud to announce the release of GUN Core V1.5. This is a huge day for Guncoin as with this release, we are now current and up to date with Bitcoin Core 0.16.0. This release is packed full of exciting features - some obvious, some subtle. But all are important as they make GUN a technologically current coin, as has always been our goal.

This release adds a new script (P2SH) address prefix and all addresses generated will use it by default. The prefix for script now begins with a G but is still different from regular P2PKH addresses which also begin with a G. P2PKH uses Base58 prefix 39 and P2SH uses Base58 prefix 38. Exchanges, pools and other services will be asked to update to this new version of Guncoin to allow people to withdraw to the new address.

 - Wallet defaults to SegWit addresses
 - BIP173 (Bech32) Address support (“gc1…” addresses)
 - HD-wallets by default
 - Performance Improvements
 - Script signature cache reimplemented as a “cuckoo cache”
 - Assumed-valid blocks have been introduced
 - BIP152: Some ompact blocks relayed before being fully validated
 - UTXO cache now claims unused mempool memory
 - P2P networking refactored with focus on concurrency and throughput
 - Chainstate database is now per-output instead of a per-transaction model
 - Full UTXO cache now used
 - Reduced redundant script validation
 - LevelDB upgraded to 1.20
 - Keypool refill sped up
 - ZMQ On Windows
 - Network Activity Toggle
 - Out-of-sync Modal Info Layer
 - Introduction of assumed-valid blocks
 - Sensitive Data Is No Longer Stored In Debug Console History
 - Rescanning with encrypted wallets
 - Fee Estimation Improvements
 - Multi-wallet support
 - Removal of Coin Age Priority
 - Mempool Persistence Across Restarts

sr. member
Activity: 781
Merit: 276
OK, with a few minor tweaks, GUN Core V1.5 is now complete and Bushstar is building the wallets as I write this.  I expect to have them available by the weekend at the latest.  Keep in mind that this release includes Segwit type addressing, so it is probably a good idea for you to read up on that to avoid confusion.  Additionally, for any pools or exchanges, upgrade is essential.  And a new plus, you can now run multiple GUN wallets on the same computer........and it is faster!   Watch for the release !
newbie
Activity: 98
Merit: 0
I was just gonna plug my site and head out but I see you warned people of shady folks and I wanted to reinforce that a bit. I thought people were shady back in 2013 (dont get me wrong they were) but the amount of scammers now is insane. Greed brings out the worst in people so be careful with your coins guys.

Lightspeedmining.com has been hosting Guncoin since december 2017. We offer 1 Guncoin per block to the blockfinder distributed out of our fees fund (0.25%). We are now bumping up our block finder reward for Guncoin from 1 gun to 2 gun per block. So if your interested in a no bullshit pool with low fees. Please dont hesitate to swing by and check us out Smiley

We have also added 1k more block finder rewards to the Phoenixcoin pool as that seems to be a popular pool as well.
sr. member
Activity: 781
Merit: 276
We are in the final stages of checking out GUN Core V1.5 and all looks great so far.  Once this testing is complete, we will build all the wallets and release them in later this week ahead of schedule.  GUN Core V1.5 has a LOT of new and exciting features including SEGWIT addressing and multi-wallet capability (within one wallet).  It is VERY fast as well.  Watch for the formal release soon!.

Android wallet? or Coinomi app support coming up too?



The online wallet (GUN Web V1.0) looks and works fine on Android or any phone.  An actual phone app is a low priority as a result. Probably later this year once we get more done that is more important.
sr. member
Activity: 781
Merit: 276
We are in the final stages of checking out GUN Core V1.5 and all looks great so far.  Once this testing is complete, we will build all the wallets and release them in later this week ahead of schedule.  GUN Core V1.5 has a LOT of new and exciting features including SEGWIT addressing and multi-wallet capability (within one wallet).  It is VERY fast as well.  Watch for the formal release soon!.
sr. member
Activity: 781
Merit: 276
I think it's safe to say that 90% or more of the "offers" and propositions out there are scams.  If it doesn't look professional, or if it seems to good to be true it's best to just ignore it (especially in crypto). Smiley

Absolutely correct. We are very aware of all the scams out there.  I week does not go buy that someone does not solicit us for something.  If we turn them down which happens in most of the cases, they typically hit on someone else.  So pay attention!
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