Friday 12th April, at 7pm GMT. More details soon.
Launch date?
you mean the 11th? or Saturday?
Topic: GB Coin: Real Team & Workshops & Financial Goals - page 38. (Read 47610 times)
you mean the 11th? or Saturday?
Friday 11th April, at 7pm GMT. More details soon.
Launch date?
Lastest blog post: http://blog.gbcoinfoundation.org/100-million-in-profit-and-zero-in-corporate-tax/
Quote
Again, after the Amazon, Starbucks, eBay, Google and other business tax avoidance scams comes Caffe Nero’s nice little number.
Since 2007, Caffe Nero hasn’t anything in corporation tax even though it made over £100 million in profit. Another example of a two-tiered tax system: one for them and one for us.
Since 2007, Caffe Nero hasn’t anything in corporation tax even though it made over £100 million in profit. Another example of a two-tiered tax system: one for them and one for us.
Latest blog post: http://blog.gbcoinfoundation.org/openssl-exploit-in-bitcoin-and-other-coins/
Quote
An exploit has been identified in openssl that allows attackers (hackers) to potentially extract sensitive data; although the full effect on Bitcoin and alt coins does not seem to be as significant as the press are making out.
Launch date?
thanks, but i'll stick to bitcoin. that is a crypto-currency that I can spend (in case you hadn't heard of it).
You appear to be in the wrong sub-forum in that case.
pedant. who needs another shit country-coin? hell, 'GB' are falling over themselves to break apart, and here we have yet another crap coin trying to be different, when in actual fact, it's no different from any other shitcoin - with a pre-mine. it's pointless. if the dev's wanted to educate people about crypto's and have group hugs or whatever you want to call it.. then they should have chosen an existing coin, let people decide for themselves, instead of ramming another new coin down people's throats.
again, a pointless exercise and a total waste of time.
Not sure how my post was pedantic. You might very well have a point about country coins, but coming into the alt-coin forum and telling people you'll stick to bitcoin is like walking into a butchers and proclaiming you're going to stick to vegetables
well, of course, you are right. i currently have 115GH/s pointed at an alt-multipool, for the whole purpose of trading the alts it mines into bitcoin.
that's what alts are for, is it not?
thanks, but i'll stick to bitcoin. that is a crypto-currency that I can spend (in case you hadn't heard of it).
You appear to be in the wrong sub-forum in that case.
pedant. who needs another shit country-coin? hell, 'GB' are falling over themselves to break apart, and here we have yet another crap coin trying to be different, when in actual fact, it's no different from any other shitcoin - with a pre-mine. it's pointless. if the dev's wanted to educate people about crypto's and have group hugs or whatever you want to call it.. then they should have chosen an existing coin, let people decide for themselves, instead of ramming another new coin down people's throats.
again, a pointless exercise and a total waste of time.
Not sure how my post was pedantic. You might very well have a point about country coins, but coming into the alt-coin forum and telling people you'll stick to bitcoin is like walking into a butchers and proclaiming you're going to stick to vegetables
thanks, but i'll stick to bitcoin. that is a crypto-currency that I can spend (in case you hadn't heard of it).
You appear to be in the wrong sub-forum in that case.
From what I read above, the GB coin should not be another clone.
I think you should not premine to give miners/societies the confidence that the premined coins will be dumped to the market soon after listing. In order to achieve that, I would suggest that you program the wallet/mining process that for the first 10 million coins, 6% (600,000) of the mined coins will go to specific wallets/addresses controlled by developers or trusted people. That is for every block mined, 1.2 coins will be sent to various addresses. This process will take 692 days if the actual block time is kept at 2 mins and not block halving.
These 600,000 can be released slowly to developers and give-away. If we can keep developers paid in long term, they will be more motivated as their remuneration will be dependent on the long term success of the coin, not just short term mine-pump-dump.
It might take some time to implement this and delay the launch. But it is worth it.
I hope this will be a successful project and the coin will be used widely in UK and the world.
I think you should not premine to give miners/societies the confidence that the premined coins will be dumped to the market soon after listing. In order to achieve that, I would suggest that you program the wallet/mining process that for the first 10 million coins, 6% (600,000) of the mined coins will go to specific wallets/addresses controlled by developers or trusted people. That is for every block mined, 1.2 coins will be sent to various addresses. This process will take 692 days if the actual block time is kept at 2 mins and not block halving.
These 600,000 can be released slowly to developers and give-away. If we can keep developers paid in long term, they will be more motivated as their remuneration will be dependent on the long term success of the coin, not just short term mine-pump-dump.
It might take some time to implement this and delay the launch. But it is worth it.
I hope this will be a successful project and the coin will be used widely in UK and the world.
thanks, but i'll stick to bitcoin. that is a crypto-currency that I can spend (in case you hadn't heard of it).
thanks, but i'll stick to bitcoin. that is a crypto-currency that I can spend (in case you hadn't heard of it).
We totally disagree.
If you look at our official home page, blog, Facebook, Twitter, you can see we are taking a very professional approach to releasing this coin.
http://gbcoinfoundation.org/
http://blog.gbcoinfoundation.org/
http://forum.gbcoinfoundation.org/
https://www.facebook.com/gbcoinfoundation
https://twitter.com/gbcoin
We are clearly in this for the long-term.
There are many faucets that give away free coins and that does not undermine the value of the coins.
There are many dynamics involved in making a successful coin, and we believe we have most of them covered.
We know for a FACT we will be getting local and national press, and when that happens, interest in the coin will grow exponentially.
If you look at our official home page, blog, Facebook, Twitter, you can see we are taking a very professional approach to releasing this coin.
http://gbcoinfoundation.org/
http://blog.gbcoinfoundation.org/
http://forum.gbcoinfoundation.org/
https://www.facebook.com/gbcoinfoundation
https://twitter.com/gbcoin
We are clearly in this for the long-term.
There are many faucets that give away free coins and that does not undermine the value of the coins.
There are many dynamics involved in making a successful coin, and we believe we have most of them covered.
We know for a FACT we will be getting local and national press, and when that happens, interest in the coin will grow exponentially.
I'd advise anyone looking to mine a coin with any kind of pre-mine, be cautious.
1% sounds not a lot, but it is actually quite big a pre-mine. I'm British and I don't want to be 'given' any of these coins.
I may decide to mine them, because every coin should simply rely on the commitment of it's community and it's miners, to survive, and not just giveaways.
if you are pre-mining a coin and giving it away, that values it, from it's beginnings, at ZERO.
This coin, to me, is worthless.
1% sounds not a lot, but it is actually quite big a pre-mine. I'm British and I don't want to be 'given' any of these coins.
I may decide to mine them, because every coin should simply rely on the commitment of it's community and it's miners, to survive, and not just giveaways.
if you are pre-mining a coin and giving it away, that values it, from it's beginnings, at ZERO.
This coin, to me, is worthless.
I'd advise anyone looking to mine a coin with any kind of pre-mine, be cautious.
1% sounds not a lot, but it is actually quite big a pre-mine. I'm British and I don't want to be 'given' any of these coins.
I may decide to mine them, because every coin should simply rely on the commitment of it's community and it's miners, to survive, and not just giveaways.
if you are pre-mining a coin and giving it away, that values it, from it's beginnings, at ZERO.
This coin, to me, is worthless.
1% sounds not a lot, but it is actually quite big a pre-mine. I'm British and I don't want to be 'given' any of these coins.
I may decide to mine them, because every coin should simply rely on the commitment of it's community and it's miners, to survive, and not just giveaways.
if you are pre-mining a coin and giving it away, that values it, from it's beginnings, at ZERO.
This coin, to me, is worthless.
I'm sure you've noticed that many coins die or are relaunched to revive interest in them. Right from the outset we devised a strategy that would ensure this coin survived and thrived.
For example, we are running weekly workshops throughout Britain, first one next Saturday: http://blog.gbcoinfoundation.org/first-free-crypto-currency-workshop-12th-april-2014/
During the workshops we are giving away free GB Coins to get people interested in the coin.
Also in the workshops, Adrian gives free mining advice: http://blog.gbcoinfoundation.org/do-you-need-mining-help/
We are also giving away 5,000 to 10,000 coins per month on the forum for promotional bounties, like press releases, blog pots, videos, etc: http://forum.gbcoinfoundation.org/showthread.php/7-GB-Coin-Promotional-Bounties
The breakdown of the premine is here: http://blog.gbcoinfoundation.org/the-1-gb-coin-premine/
Keep in mind most of the premine is used to promote the coin. Once the coin is launched and workshops begin, the publicity will roll in which will help increase the price of the coin - that benefits every one involved in the coin!
The Team (http://blog.gbcoinfoundation.org/the-gb-coin-team/) are working on GB Coin part time, but when we get the coin to £3+ and it becomes reasonably stable, the Team will work on the coin full time. Part of the premine will help fund the salaries of the team. We believe our strategy is one of the best for alternative coins and will help propel this coin forward very quickly.
We've hard-coded the premine to make it very simple, so we'll be premining only a few hundreds blocks or so.
I meant that for the normal miners it'll take 42 days for the network to mine the amount of coins which are premined. Whatever method you use and how many blocks it takes to do the premine is pretty much irrelevant to this.
For example, we are running weekly workshops throughout Britain, first one next Saturday: http://blog.gbcoinfoundation.org/first-free-crypto-currency-workshop-12th-april-2014/
During the workshops we are giving away free GB Coins to get people interested in the coin.
Also in the workshops, Adrian gives free mining advice: http://blog.gbcoinfoundation.org/do-you-need-mining-help/
We are also giving away 5,000 to 10,000 coins per month on the forum for promotional bounties, like press releases, blog pots, videos, etc: http://forum.gbcoinfoundation.org/showthread.php/7-GB-Coin-Promotional-Bounties
The breakdown of the premine is here: http://blog.gbcoinfoundation.org/the-1-gb-coin-premine/
Keep in mind most of the premine is used to promote the coin. Once the coin is launched and workshops begin, the publicity will roll in which will help increase the price of the coin - that benefits every one involved in the coin!
The Team (http://blog.gbcoinfoundation.org/the-gb-coin-team/) are working on GB Coin part time, but when we get the coin to £3+ and it becomes reasonably stable, the Team will work on the coin full time. Part of the premine will help fund the salaries of the team. We believe our strategy is one of the best for alternative coins and will help propel this coin forward very quickly.
We've hard-coded the premine to make it very simple, so we'll be premining only a few hundreds blocks or so.
1% premine is actually pretty large given the coin specs. 1% premine equals 600000/20 = 30000 blocks which will take 60000 minutes to mine. That's 1000 hours or almost 42 days of mining.
I meant that for the normal miners it'll take 42 days for the network to mine the amount of coins which are premined. Whatever method you use and how many blocks it takes to do the premine is pretty much irrelevant to this.
We've hard-coded the premine to make it very simple, so we'll be premining only a few hundreds blocks or so.
1% premine is actually pretty large given the coin specs. 1% premine equals 600000/20 = 30000 blocks which will take 60000 minutes to mine. That's 1000 hours or almost 42 days of mining.
I meant that for the normal miners it'll take 42 days for the network to mine the amount of coins which are premined. Whatever method you use and how many blocks it takes to do the premine is pretty much irrelevant to this.
The distribution of the premine is covered here: http://blog.gbcoinfoundation.org/the-1-gb-coin-premine/
We've hard-coded the premine to make it very simple, so we'll be premining only a few hundreds blocks or so.
We've hard-coded the premine to make it very simple, so we'll be premining only a few hundreds blocks or so.
1% premine is actually pretty large given the coin specs. 1% premine equals 600000/20 = 30000 blocks which will take 60000 minutes to mine. That's 1000 hours or almost 42 days of mining.
1% premine is actually pretty large given the coin specs. 1% premine equals 600000/20 = 30000 blocks which will take 60000 minutes to mine. That's 1000 hours or almost 42 days of mining.
Latest blog post: http://blog.gbcoinfoundation.org/bitcoin-getting-closer-to-widespread-acceptance/
Quote
Although many Bitcoiners are hoping for more large retailers like TigerDirect and Overstock to adopt Bitcoin, it may have a negative impact on the BTC price as these retailers will most likely convert 90% of their coins to cash — putting additional selling pressure on Bitcoin. This outcome may not be as desirable in the short term, but it will create a better long-term outlook for Bitcoin given the liquidity options. Again, if you asymmetrically add large retailers without driving consumer adoption at the same time, the demand supply curve will shift undesirably.
Nice site
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