Nothing GOLDEN about it yet!
It has a GOLDEN pool! Cheers Dreamwatcher, superb work!!!! And you wanted to close it few weeks ago LOL! You should make some more pure PPS pools like that... All other pool makers are chickens!!!
Topic: Gold Coin (GLC) Info Thread - The Gold Standard of Digital Currency [NEW THREAD] - page 10. (Read 59454 times)
July 09, 2013, 03:16:36 PM
It has a GOLDEN pool! Cheers Dreamwatcher, superb work!!!! And you wanted to close it few weeks ago LOL! You should make some more pure PPS pools like that... All other pool makers are chickens!!!
July 09, 2013, 02:51:40 PM
I dont like the idea of 400 coins per block and less, I think you are doing it to make the coin more rare, so it could gain value. You should leave the number of coins as they are.
We won't be leaving the block reward as it is as that would result in unlimited coin output throughout infinity.
July 09, 2013, 02:00:50 PM
Pump and dump, AND beer 
July 09, 2013, 01:22:08 PM
I dont like the idea of 400 coins per block and less, I think you are doing it to make the coin more rare, so it could gain value. You should leave the number of coins as they are. It should gain value naturaly, if it is worth PPL will invest in it. Besides the GOLDEN name all this coin is about is premine, conflict, unstability, pump and dump, artificial support and beer! Nothing GOLDEN about it yet!
July 09, 2013, 12:33:54 PM
Your post really fails to address why it's different.
Saying "A genuinely unique coin not just another litecoin clone" in a blog post doesn't make it true. Nothing you point out is meaningfully different.
Saying "A genuinely unique coin not just another litecoin clone" in a blog post doesn't make it true. Nothing you point out is meaningfully different.
July 09, 2013, 11:23:03 AM
There have been a few times here where people have asked, "What makes Goldcoin different? What makes it better than the other coins?". So I had some extra time this morning and decided to write this post.
https://www.gldtalk.org/index.php?topic=191.0
https://www.gldtalk.org/index.php?topic=191.0
July 09, 2013, 08:22:51 AM
Like MicroGuy has said we are working extremely hard to iron out all the bugs to do with removing the lite coin prefix. We have finalised a coin generation plan and hope to launch all details and new client very soon.
We will not release this until we are 100% satisfied. Everyone in the GOld Team thanks everyone for eir patience.
We will not release this until we are 100% satisfied. Everyone in the GOld Team thanks everyone for eir patience.
July 07, 2013, 11:21:05 AM
Ahh I see it didn't halve or anything. Good deal then if thats fixed.
July 07, 2013, 11:15:05 AM
Microguy:
Block reward from 500 to 400: do you confirm?
Block reward from 500 to 400: do you confirm?
July 07, 2013, 10:08:18 AM
Anyone interested in actually contributing to the project is welcome to register for the forum and participate in the discussion including the member's only section which is not viewable to the outside World.
oh you forgot to add except for anyone that questions you.
July 07, 2013, 09:22:33 AM
I would like to know, if somebody can explain, what are the critical parts in this (and other) files which are important to distinguish this GldCoin from all other coins. After I could continue explore and/or control code further.
Especially I would like to read explanation of MicroGuy as moderator of all new changes, and from akumaburn as developer or from some other members of the team.
Especially I would like to read explanation of MicroGuy as moderator of all new changes, and from akumaburn as developer or from some other members of the team.
The repository is in the process of being updated.
As stated previously, we inherited the current client distribution and are working to repair it in regards to the client sync issues, litecoin alert message, and infinite coin generation. Currently the coin generation rules are "stuck" at a block reward of 500 for infinity. This is something we inherited and are working to resolve in a manner that will bring long-term viability to the coin. The new rules will have a gradual reduction of block reward and a cap on total coin output after an extended period of time.
Anyone interested in actually contributing to the project is welcome to register for the forum and participate in the discussion including the member's only section which is not viewable to the outside World.
Thanks for everyone who is supporting Goldcoin! The future is looking brighter and brighter!
July 07, 2013, 06:57:34 AM
they should have just started a new coin from scratch I tell you, one tht was fair from start to end
July 07, 2013, 06:09:22 AM
Did they really lower the block reward?
Fucking scammers
Fucking scammers
July 06, 2013, 10:14:05 PM
You guys should just check out MasterCoin
https://bitcointalksearch.org/topic/ann-mastercoin-mst-sync-problems-fixed-updated-9-sept-2013-242406
https://bitcointalksearch.org/topic/ann-mastercoin-mst-sync-problems-fixed-updated-9-sept-2013-242406
July 06, 2013, 07:58:50 PM
The new client is currently being rigorously tested on a private testnet and will be released once we're confident it's functioning properly.
reads; once we've got our fill of premine for gldcoin take 2 lol
July 06, 2013, 07:48:40 PM
This is from Readme.md https://github.com/goldcoin/gldcoin/blob/master/README.md on date 7th of July 2013.
GoldCoin (GLD) - an improved version of Litecoin using scrypt as a proof of work scheme.
2.5 minute block targets up till block 30500
2 minute block targets there after
504 blocks per difficulty retarget up to block 30500
60 blocks per difficulty retarget thereafter
Block rewards in order:
200 Block @ 10000 GLD
2000 Blocks @ 1000 GLD
24000 Blocks @ 500 GLD
262800 Blocks @ 400 GLD ...
262800 Blocks @ 8 GLD
Total Blocks: 26310500
The default ports are 8121 (connect) and 8122 (fson rpc)
I hope they would leave unchanged total number of coins from this data: about 123 millions.
GoldCoin (GLD) - an improved version of Litecoin using scrypt as a proof of work scheme.
2.5 minute block targets up till block 30500
2 minute block targets there after
504 blocks per difficulty retarget up to block 30500
60 blocks per difficulty retarget thereafter
Block rewards in order:
200 Block @ 10000 GLD
2000 Blocks @ 1000 GLD
24000 Blocks @ 500 GLD
262800 Blocks @ 400 GLD ...
262800 Blocks @ 8 GLD
Total Blocks: 26310500
The default ports are 8121 (connect) and 8122 (fson rpc)
I hope they would leave unchanged total number of coins from this data: about 123 millions.
July 06, 2013, 07:37:27 PM
Code:
nSubsidy = Calculate(400,julyFork,2,8,nHeight) * COIN;
Block reward lowering to 400.
Code:
static const int64 nTargetTimespan = (2 * 60 * 60);// Difficulty changes every 60 blocks
static const int64 nTargetSpacing = 2.0 * 60;
static const int64 nTargetSpacing = 2.0 * 60;
Diff will adjust ever 60 blocks, to keep it appearing profitable on CoinChoose.
Max adjustment will be 141%.
Most of the code looks unfamiliar to me. Also looks like GLD started as a copy/paste feathercoin. Anyways, in there somewhere, you'll also find, max coins, and block time
July 06, 2013, 07:08:39 PM
Source code is here (again ?) https://github.com/goldcoin/gldcoin/ and is visible at this moment.
Code of main.h has changed "a day ago" https://github.com/goldcoin/gldcoin/blob/master/src/main.h
Code of main.cpp has changed "3 days ago" https://github.com/goldcoin/gldcoin/blob/master/src/main.cpp
I would like to know, if somebody can explain, what are the critical parts in this (and other) files which are important to distinguish this GldCoin from all other coins. After I could continue explore and/or control code further.
Especially I would like to read explanation of MicroGuy as moderator of all new changes, and from akumaburn as developer or from some other members of the team.
Code of main.h has changed "a day ago" https://github.com/goldcoin/gldcoin/blob/master/src/main.h
Code of main.cpp has changed "3 days ago" https://github.com/goldcoin/gldcoin/blob/master/src/main.cpp
I would like to know, if somebody can explain, what are the critical parts in this (and other) files which are important to distinguish this GldCoin from all other coins. After I could continue explore and/or control code further.
Especially I would like to read explanation of MicroGuy as moderator of all new changes, and from akumaburn as developer or from some other members of the team.
July 06, 2013, 11:01:31 AM
// GLDcoin: maximum of 5,379,269,550 coins in a single wallet... this value does not dictate maximum number of coins.
static const int64 MAX_MONEY = 21000000 * COIN;
Maximum amount (in satoshi) allowed anywhere.
The above code is from Bitcoin, where the maximum amount is defined as 21 million.
Here is the code that determines the mining reward from each block (from the bitcoin source code: main.cpp line 1096):
Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
int64 nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210000 blocks, which will occur approximately every 4 years
nSubsidy >>= (nHeight / 210000);
return nSubsidy + nFees;
}
{
int64 nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210000 blocks, which will occur approximately every 4 years
nSubsidy >>= (nHeight / 210000);
return nSubsidy + nFees;
}
Here we see that there is no reference to MAX_MONEY. How can that be? Since GetBlockValue is used everytime a new block is created, how does the bitcoin code know when to stop generating coins? As it turns out it is the GetBlockValue function that determines the maximum money supply, not MAX_MONEY. For bitcoin, the total bitcoin supply (which is the sum of the result of GetBlockValue for every block that will ever be mined) can be simplified as:
where y is an interval of about 4 years. All the coins which follow the idea of halving rewards every number of years will have their maximum supply governed by the same type of equation. Halving rewards puts a upper limit on coin generation based on the math. A good coin developer will make sure that the GetBlockValue and MAX_MONEY sections of the code are in agreement.
Unfortunately, for the current version of GoldCoin, there was not agreement between MAX_MONEY (100 million) and GetBlockValue:
You guys are smart enough to do the math here.
July 06, 2013, 09:16:51 AM
so whats the retarget time on GLD, I see the network has a low hash rate but diff is still high
yeah, they need to fix the retarget. pissed me off about the clientIn the new update diff will re-target every 60 blocks.
The new client is currently being rigorously tested on a private testnet and will be released once we're confident it's functioning properly.
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