Topic: [GLC] Globalcoin | 4 Year Anniversary 1.5.4! | NO IPO, NO PREMINE | [SCRYPT] - page 29. (Read 225833 times)

Yes want ... send them to the orco#2 website fund ... in 2 years we'll have funding to pay for 10 years worth of server/hosting

I have a template up at https://globalco.in and setting up forum at https://globalco.in/forum. Do you know how to redirect or do you need help?

I should have them finished within 48hrs.

I think shveicar rights. You should decide on the future strategy. If Globalcoin is an investment coin, the people need an incentive to store it.

If you want to make Globalcoin coin for regular payments throughout the world, you should think about competition. now on the market too much similar coins that claim to that they for the created of this.

Gloablcoin has survived as a method of funds transfer where 25 banks have failed with over 5 billion in assets.


         Bank   City   State   Date   Acquired by    Assets($m)

1   First Community Bank of South Florida Fort Myers   Florida   August 2, 2013   C1 Bank   265.7
2   Bank of Wausau   Wausau Wisconsin   August 9, 2013   Nicolet National Bank   43.6
3   Community South Bank   Parsons Tennessee   August 23, 2013   CB&S Bank, Inc.   386.9
4   Sunrise Bank of Arizona Phoenix Arizona   August 23, 2013   First Fidelity Bank, National Association   202.2
5   The Community's Bank   Bridgeport     Connecticut   September 13, 2013   None (insured depositors paid directly)   26.3
6   First National Bank, also operating as The National Bank of El Paso   Edinburg   Texas   September 13, 2013   PlainsCapital Bank   3,100
7   Bank of Jackson County   Graceville   Florida   October 30, 2013   First Federal Bank of Florida   25.5
8   Texas Community Bank, National Association   The Woodlands   Texas   December 13, 2013   Spirit of Texas Bank, SSB   180.1
9   Dupage National Bank   West Chicago   Illinois   January 17, 2014   Republic Bank of Chicago   61.7
10   The Bank of Union   El Reno   Oklahoma   January 24, 2014   BancFirst   331.40
11   Syringa Bank   Boise   Idaho   January 31, 2014   Sunwest Bank   153.40
12   Vantage Point Bank   Horsham   Pennsylvania   February 28, 2014   First Choice Bank   63.5
13   Millennium Bank, National Association   Sterling   Virginia   February 28, 2014   WashingtonFirst Bank   130.3
14   Allendale County Bank   Fairfax   South Carolina   April 25, 2014   Palmetto State Bank   54.5
15   AztecAmerica Bank En Español   Berwyn   Illinois   May 16, 2014   Republic Bank of Chicago   66.3
16   Columbia Savings Bank   Cincinnati   Ohio   May 23, 2014   United Fidelity Bank, fsb   36.5
17   Slavie Federal Savings Bank   Bel Air   Maryland   May 30, 2014   Bay Bank, FSB   140.1
18   Valley Bank   Moline   Illinois   June 20, 2014   Great Southern Bank   456.4
19   Valley Bank   Fort Lauderdale   Florida   June 20, 2014   Landmark Bank, National Association   81.8
20   The Freedom State Bank   Freedom   Oklahoma   June 27, 2014   Alva State Bank & Trust Company   22.8
21   Eastside Commercial Bank   Conyers   Georgia   July 18, 2014   Community & Southern Bank   169.0
22   GreenChoice Bank, fsb   Chicago   Illinois   July 25, 2014   Providence Bank, LLC   72.9
23   NBRS Financial   Rising Sun   Maryland   October 17, 2014   Howard Bank   188.2
24   The National Republic Bank of Chicago   Chicago   Illinois   October 24, 2014   State Bank of Texas   954.4
25   Frontier Bank, FSB D/B/A El Paseo Bank   Palm Desert   California   November 7, 2014   Bank of Southern California, N.A.   86.4

It does not matter, i will do whatever you want really

Cool I think basic are needed before we go changing the client. If we dont have a basic solid base to grow from there is no point going further.

First the site, I can bang one up and a forum. I also own globalco.in.

So if I set up hosting for globalcoin.info can you change the DNS to the nameservers and ill put up a site and forum, do you want to handle the site and forum or do you want to just redirect globalcoin.info to globalco.in ? Either way  lets set up home properly first.

 

you guys want some glc, I will send some for supporting

Yes getting a few orphans though still getting some payouts.

Second

I have also moved 7+Mh/s to GLC.

Is me, I can cede control.  You guys are better at this stuff than me.  I also have facebook.com/globalcoin - twitter.com/globalcoin and reddit.com/u/MrGlobalcoin

There is also reddit.com/r/globalcoin which I do not control and is private.  Not a huge deal.

Does anyone know who owns globalcoin.info?

I have moved 10Mhs from Mintsy to http://scrypt.ispace.co.uk/coindetails/?coin=glc. Should show up soon.

I think that the basic regulations may be the:

1. The number of coins should remain unchanged (Total Coins: 70,000,000 ).
2. The best solution is to move to a different algorithm (possibly groestl or X11)
3. POS system should be 50% of the network capacity POW (This is a proven solution and it works best for the stability of networks)
4. Transaction speed can be divided into two parts between the POW and POS

As regards remuneration POS in the time, it can diminish proportionally POW award. or even gradually shift towards the POS

P.s But it is equally important to form a common team among the largest owners of GLC and people with skills of programming and web development

I could roll GLC over to another maintain POS/Scrypt coin, which would be a quick and secure solution. I would love to hear other thoughts and possible reward structure.

I have done a bit of work on POS. My suggestion would be POS, over an algo switch.

Ok, You can like it or hate POS, but the fact that this mechanism not only brings owner coins extra income, but also protects weak the network from a attack.
Look at the power of the network GLC.



Now she is very vulnerable. The arrival only one of a large miner with Asic miner device  immediately cause the fork.
How are you going to protect your network? each time will be releasing a new wallet?

I am fairly confident to roll over to a POS coin, AUXPOW I haven't done before but looks not impossible to implement. At the moment the rewards for mining are just enough to keep us a little secure. 1 GHS can change that pretty quick though. As for an algo switch, it is only going to offer the same protection as the current POW unless its something like Scrypt Jane.

@icode

I agree GLC needs to secure the network longterm.  I can live with any of the 3 .. POS, AUXPOW or a hybrid system.

But the assumption is that a solution is already in the works.  And there is no need to worry about current hash power.  GLC has excellent midfield hash scores among the Scrypt POW.  Really are like 300 Scrypts running behind GLC in hash.  When they start being picked off by 51% attacked then the alarm is sounded.

AUXPOW is still my favorite.  It takes GLC to the next level.  Pool adoption is easy  

    

Something needs to be done to secure the network, whether that be POS, AUXPOW or a hybrid system.

GLC has an extremely low network hashrate compared to the scrypt hashing power out there now. The threat of a 51% attack is very real. With daily trading volume often less than 1 BTC and very little buy support on exchanges I would say the only thing protecting GLC is that there's really no point in wasting time and money on such attacks.

If we introduce AUXPOW there's still somewhat of a hurdle and that's getting pools to include GLC. With POS security we'd only have to rely on GLC users having their wallets running to protect the network and with POS interest they have incentive to do so. There's also the hybrid POW+POS option, look at peercoin, diamond etc. In POW+POS case changing to an asic resistant algorithm like groestl may be a good idea?

It's good to see productive chat.