Topic: GoldCoin™ (GLC) Thread - The Gold Standard of Digital Currency [OFFICIAL THREAD] - page 59. (Read 310011 times)

Hamuki I am not sure if you know about the new codebase that is being prepared for Goldcoin.  It is written from scratch with new features to crypto.  Soon Goldcoin will no longer be a fork of BTC or LTC.  Goldcoin is my top pick for a long term investment into an altcoin because of the huge potential it has.  Goldcoin has proven that it is here for the long run with strong dev support still after a year and a half.  I wonder how many of these new coins being made daily will still have dev support after a year or two

I can understand what you mean but i totally disagree, i think Goldcoin's parameters are perfect, nothing needs to be changed. The client we have is also great. What we are lacking is Promotion and marketing this is why we are focusing on a new target audience. If you are on here 'Bitcointalk' you basically know every coin which is available, everyone has there favourites and committed to certain coins which they are invested in which makes sense. When we have adopters and investors from out side this bubble ie 'bitcointalk and the crypto world' $380 to buy up the mined coins will be like a piss in the wind. The thing is when we talk about investments some of us get the wrong value associated with investment. A investment to me is $1000 minimum, others might be $50.00, its what you can afford. With the South African conference which we have just held we are offering investments starting at 20000 South African Rand ($1800.00 USD) So we get one investor come forward then we will see dramatic change and more investments will follow. The problem does not lie with the specs of the coin. Its about marketing now and bringing Goldcoin new users/ investors. The price of Goldcoin has been very stable in terms of average price since January 2014, probably the most stable coin in fact. The price will certainly not go no lower than what is has already done, it will only be going up.   

Who is talking about removeing PoW completely?

Making a combo with PoW and PoS would make people hold the coins that they mine.
PoS would maybe be good for GLD, maybe not.

I was the one who accedentally pumped and dumped GLD back in November/December.
GLD was my first Crypto coin that I invested in.

I have been working with this coin a lot. Its just a long time ago.. And seing no change in price other than its going down makes me a bit sad since it was a good memory.
But the coin cant become something unless it changes and meets a demand.

There is no reason to change GLD completely, because then it would not be GLD. But something needs to happen or else it wont become anything.

There is 30 million coins mined, and 32400 coins are being mined pr day.. But that requires 243,9$ pr day (381$ pr BTC) of total buy force to take that amount of coins and let the price move freely.

But todays market volume is only 210$. That makes the price go down, and it also shows that there is almost no intrest.

GLD needs a fix. It needs new people and new investors.
Something needs to be changed, no one in their right mind would get into a coin like this with over 30 million coins mined and start buying coins to hold and hope for the price to go up. Someone would instantly dump a ton of coins and the price would fall again.

Maybe something different needs to be done.

Like taking away 75% of the coin supply and hope that will make it easier.

Litecoindark might do that. It has been talked about, but nothing is set in stone.

What I mean with doing a 1 : 4 is by doing a hardfork of the coin, and replacing the coins with new ones instead. The value will go up, but the coin supply will go down.

Firstly Goldcoin isn't being mined and dumped, I've traded more then anyone in goldcoin (and from the very start), and it definately aint being mined and dumped, half the problem is lack of liquidity, ie very very little traded, its mostly mined and hoarded.

Now as for POS that would be the single biggest mistake you could make with these older pow coins, yes many panic and go it to generate some interest but at best thats shortterm flavor of the day interest, any that go that road will suffer longterm.

Changing from POW to POS breaks one of the fundamental principles of cryptocurrencies as introduced by bitcoin (the trustless system) though thats lost on most the quick profit crowd these days.

Yeh i am buying goldcoin and holding long term, probably very long term. There are always going to be miners who dump and buyers who want to flip a trade and make a buck but with the start of a series of Goldcoin conferences in South Africa demand will start to increase, maybe not straight away but it will slowly. It will only take small investments as we speak now for the price to increase a lot, but the way Goldcoin is being offered to South African people is as an Investment therefore a situation in where the investor shall hold their coins. If a investor now comes in with an investment of around 10 BTC for example the price will explode and we would have at least a 6 fold increase. This then creates more demand. If the investor comes from within the "Crypto world" today they are more than likely to dump there coins to make a profit but because all they really want is Bitcoin. Goldcoin will be receiving investments from outside investors and these will be long term investments, the price will not drop it will be set solid at a new level. In my opinion what makes goldcoin interesting is  that it is offering itself to new people, new investors some maybe big some maybe small but it will get more frequent all looking to hold long term.

But as you might have figured out, then you can see that new people arent comming to Goldcoin.
We can get business's to add goldcoin as a way to pay, but that still limits us since we dont have any new users that will make the value of the currency go higher nor that will make others use it.

We need people to start investing and holding goldcoin so that value can be gained.
People at this moment just mine and dump the coins.

LitecoinDark that I am investing in bigtime has the same problem. We have made a change with making the mining reward extremely low so people wont just mine it to sell it. It wont be worth it.

Then the only way that coins can be obtained is by buying them from an exchange.

Maybe even PoS would be good for GLD. But with 1% only so it wont inflate.

It would be good if you could explain here about your suggestions and then hopefully the community can join in on the discussion, we are all here to help and all suggestions are very welcome. Goldcoin has the best name like you said and when you think of digital gold, goldcoin is the closet to that, bitcoin is going to steal the headlines because of its value but really if you want adoption worldwide by people who don't even know about crypto currency explaining goldcoin to them is alot easier and sounds a lot better. If were moving into a complete digital age with people investing into crypto currency then anything with to do with gold is going to play a big part and Goldcoin defiantly has a place of being up there with bitcoin.   

There is a need for more members of this community.
There is a need for innovation and something that will make people want to invest in the coin.

GoldCoin is the best name that you can ever have.. But we arent doing much with it :/

I got a few suggestions that might be able to help Goldcoin out.

I have written a Private message to MicroGuy and I am expecting an answer within 24 hours or whenever he has the time to answer.

Keep up with the presentations in South Africa and goldcoin may reach $1 during 2015.

Just viewed the conference, i must say that is true commitment. I will be interested to see the next conference 

So whats the go with the new client? any ETA?

Shouldn't you guys be promoting within the community here a tad more?

The Goldcoin community is the greatest of all time!



Thanks everyone. You guys truly are the best!

If your serious about digital currency and want to invest into a currency with a hard working Development team and active community then head over to https://www.gldtalk.org/ or you can visit our website http://gldcoin.com/

Have a browse and read about whats currently happening at Goldcoin

i must say, i am watching and keen to see what this new client is going to be like, sounds good so far 

We are now 80% funded for the Goldcoin conference!

Check it out here: https://www.startjoin.com/gogold

Local newspaper advertisement for the Goldcoin Conference!

Looks like a total of two tweets today from Max regarding the Goldcoin (GLD) Conference Project on StartJoin!



https://twitter.com/maxkeiser/status/535476818854154241



https://twitter.com/maxkeiser/status/535477457852174336

It would be great if we could get a few replies and retweets from the community to show our appreciation and support.

Thanks for the heads up on the Max Keiser tweets!

just seen this, another tweet for goldcoin

the new client is going to be great, something unique!

http://altcoinpress.com/2014/11/the-currency-most-likely-to-challenge-bitcoin-for-consumer-adoption/