Topic: Is Gulden a good investment? - page 71. (Read 250200 times)

Funny how everything on the gulden chain is trackable, yet everything related to the development (funds) is the exact opposite...

Ok, lets share some facts then:

Fact 1:

Back in June 2016 the dev promised to do 3,000 hours of development if the community raised 40 BTC in shares. They managed to get there in september 2016. Back then 40 BTC was worth roughly $ 25,000:



You can fact check that the sole dev was prepared to do 3,000 hours of development on a 30h weekly basis back then here: https://bitcointalksearch.org/topic/gulden-1577392

Fact 2:

After they reached the 40 BTC goal the dev (Rijk) kept his shares program open. By April 2017 he managed to pull in over 550 BTC, then worth roughly $ 800,000:



They then stated to have spent 160 BTC (roughly $ 230,000 at the time) of that already. That's right, no product yet, but still they spend almost 10 times as much as initially said needed for 2 years fulltime development!

Fact 3:

Today Rijk sits on a stack of 520 BTC (680 shown last on shares.gulden.com minus 160 used in April). When I pointed this out a couple of weeks ago, he quickly changed the indicator on the site, so it now no more shows the amount of BTC he has cashed in.



Still we know he now has 520BTC in his pocket, worth roughly $ 3,700,000 today! Remember the initial promise? 2 year (3,000 hours, 30h per week) of development for roughly $ 25,000!

Remember, this is what they promised to do for $ 25,000 back in July 2016:



Fact 4:

Now he has already spend $ 230.000 (10 x the initial price), without any product to show for!

Fact 5:

He sits on $ 3,700,000 in funds, that's 150 x the initial cost they needed, again no product, no marketing, no real support to the community that gave him those funds!

Want to know the real Gossip? That comes from Gulden itself!

They keep saying it will come #soon, it will be #massive, it will be #motherofallupdates. Yet no factual product to show for!

So, next time you want to point with your finger, remember there are always three out of five pointing back at yourself!

The main developer MaNI said he was only with Gulden because he trusted the project for not being a scam run by snake oil salesmen. He will leave the crypto space for good if Gulden does not workout. This would be a sad day for crypto since I do consider this guy one of the top 5 developers.

How stable is the development team, let's say PoW2 and SegSig is ignored by the crypto community for obvious reasons (It will make their investments look bad), will the developers hang around or will they look to join cryptos that have more investors? "if you can't beat them, join them"

Gulden has dropped to rank 132 today.

As another poster said.

BTC goes up - Gulden rank goes down.
BTC goes down - Gulden rank goes down.

It's shocking to me how much shit this dev team gets for actually delivering what they promise. There is definitely a double standard in crypto and we all know the complaining is about the ranking of the coin being close to a all time low at 128 on coinmarketcap. Lets be honest here, if this coin was in the top 50 you would all be sucking Rijk's dick.

I can compare Gulden to CD Projekt Red of the crypto world, like Gulden , CD Projekt Red doesn't have any publishers(investors/single large funders) to answer too, this is why they have created the best single player game this generation in the witcher 3. Gulden is creating the best crypto currency and you getting all this for one big fucking bargain. More game , more quality for less money.

Bitcoin is already being taken over by globalists, who do you think is behind blockstream and influencing a lot of political decisions... Let the globalists invest in the shit coins, real ordinary people can invest in the best.

Thank you Jean.Luc, it's about time.

Pandering to mainstream users is a double edge sword because 5-10% profit is like winning a Jackpot when you don't get any interest in your bank accounts. Crypto users are different, they need 300% profits before they consider selling which is why most of the coins in top 100 can experience these gains.
It is true that Gulden has in ratio one of, if not the poorest community for the number of users it has.

Stratis for instance has far less users but a much higher price for 2 reasons.

1. Users are rich and don't mind holding.
2. They don't have any mining rewards, 100% premine.

Did your glaskugel also say who is going to buy? The devs moved away completely with the slack action from crypto community, so why should a normal person on the street give rats @ss about the coming updates? I personally think you should be already happy if it sees €0,10 again (after the update) that's a whopping 30% increase....which normal people instantly take profit.

so I think yes definetly but it's too young

The official statement by the Gulden Devs communicated on twitter and their development pages.

https://dev.gulden.com/gulden-for-ios-with-desktop-link-functionality-is-now-available-in-the-app-store/

https://twitter.com/gulden/status/930009465486790656

This iOS update and the recent desktop app update are in preparation of the next major Gulden 2.0 update comming soon.

Still no announcement about the iOS update from the official team sources?

I really thought people were trolling about how bad the marketing is but this is plain terrible. The link feature is very cool but these hermits need to let people know what's going on, they can't thumb suck a update has taken place? What about users not using bitcointalk?

The South African DEV has been offered to work for other big named coins but he turned it down, only reason I can guess is he hates marketing or the spotlight? This works well for Rijk as he doesn't do any marketing and dev doesn't have to be concerned with Gulden becoming popular.

Thats a nice update! 

All these updates were planned in the first roadmap over a year ago. It required a 30BTC funding from the community (then worth less than $ 30k).

Today the DEV (the dictator not actually doing anything substantial, not the South African doing all the underpriced work) sits on a big stack of community funds of over 650 BTC (worth over $ 4 million!!)

Yet still, no real product based on the promises made over a year ago are finished.

So, I made a minor correction in your post above.

You're welcome 

https://dev.gulden.com/a-peek-inside-the-development-process/

Phase 1 – Gulden 2.0 will be released, it will function exactly like an upgraded 1.6 at this point with no PoW² functionality present yet. Upgraded miners will signal for an upgrade, when 75% of miners are signalling the software will activate phase 2.
(Expected to last at most a week or two – depending on miners)

Phase 2 – A new special backwards compatible transaction script type will become available to upgraded (2.0) users which will allow them to create witnessing addresses. Old (1.6) users will verify these scripts but won’t be able to create or use them.
Once a minimum threshold is reached (200 or more witnessing accounts with a combined weight of 20 million or more) we will enter

Phase 3.
(Expected to last at most a week or two – depending on coin holders)
Phase 3 – PoW² witnessing commences, with a few limitations that allow old (1.6) users to remain on the network (no transactions allowed yet in the witness portion of the block for instance). Witnesses and miners will automatically start signalling a percentage of how many upgraded users they are
seeing, when this percentage goes over an average of 95% for a fixed time period we will enter Phase 4.
(We anticipate that this may take several months)

Phase 4 – At this point our backwards incompatible changes trigger, new transaction format/rules activate, PoW² witnesses start to include transactions in their portion of the block, witness accounts start to switch over to a new improved backwards incompatible transaction format, new accounts using the old temporary format are no longer allowed, SegSig activates etc. The remaining 5% of 1.6.x users will no longer be able to participate in the network.

Phase 5 – After some time 2.1 will be released, code to support old witness accounts can/will be safely removed with affecting block validation – leaving us with a codebase free of technical debt. Checkpointing can also be safely removed at this point.

+

https://dev.gulden.com/august-development-update/

SEGSIG – JUNE 2017

While working on the optimal way to implement the new address type, it became obvious that many parts of the codebase that need to change to accommodate this are the same parts that are affected by SegWit.

At around about the same time after watching SegWit for some time, it become clear that though the Bitcoin team had still failed to activate SegWit there was now a clear determination to do so and that one way or another SegWit in its current form -will- eventually be activated,
we therefore had to at this point give up hope that the Bitcoin team might develop a better SegWit which makes the sort of changes we were hoping for and instead accept that if we wanted this it would have to be something we do ourselves.
And so the concept of SegSig was born, we were faced with two possible paths forward:

1) Release PoW² hardfork as originally planned. (including extensive testing)
Go through the work of having everyone including exchanges and mining pools upgrade to it.
Produce SegSig as a hardfork, which involves changing a lot of the same code as PoW²
Put our testers through extensive testing once again.
Go through the work of having everyone upgrade for a second time in a short time period.



2) Combine PoW² and SegSig together into one release, despite possible delays and release it all at once.

This was not an easy decision, I am not a fan of trying to do too many things in one release as this has the potential to get out of control and normally I would prefer to try and seperate things into multiple small releases. As a developer it would have been easier for me to take option 1.

Yes this is the Mother of all updates!

Just learned that the Gulden update is one big update, but activates in steps.

So 30600/400 = 76,5 times your initial investment.
Well if this pace just continues!, april, 08 2018 should be around $0,76. Good enough for me. 🎉🚀
We’ll see. The updates will blow every crypto out there into pieces.
Trading BTC just gives headaches and sleepless nights. What are the chinees doing? Will the fork go or not? Does it spilt my portfolio in half by the time i come back from the toilet? 🙈🔫

P.s. My personal glaskugel is still saying €0,30 end this year and €1,- 1st of April. (But that obviously includes the updates).

Only reason for the increase is the rise of BTC, not Gulden. If you had bought $ 1000 worth of BTC on April 8 2017 you'd be sitting on 0.85 BTC now, worth over $ 5,500. The same investment in Gulden would be worth $ 2,612 now, that's less than half!!

Conclusion? NO Gulden is a bad investment, stick to BTC!

ehh?? where do you see anyone state that bitcoin has a premine?