Sunday Meeting August 20th Highlights

Please find below highlights from Sunday's Skype meeting.

Note: The information below consists largely of my pre-meeting notes. There were several topics discussed during the Q&A portion of the meeting not included below. If you want to be sure to catch everything, be sure to catch the next meeting.

Opening: "GoldCoin (GLD) is the world's first Hard Money. A super secure value store and cash payment system for the New Digital World."

1.  Nova Exchange volume has been increasing lately and accounted for the second highest Goldcoin volume over the past 24 hours behind Bittrex. This is a positive sign indicating greater trading distribution.

2.  Mike Hearn has just released never-before-seen letters between himself and Satoshi Nakamoto. These letters provide the last remaining pieces of the puzzle. We now have the the entire blueprint for completing the vision of a trustless, permissionless currency (aka digital gold), and delivering it via the Goldcoin brand.

Source: https://bt.irlbtc.com/view/2080206.0

3.  Today's meeting was recorded via screen capture and will be archived for possible publishing at a late date.

4.  As predicted at our last Sunday meeting, Goldcoin has broken through its 10 cents resistance level of 4 years. It appears that 10 cents is now a strong level of support. The Goldcoin price continues to demonstrate remarkable stability, considering the recent turbulence in Bitcoin, and continues its steady upward trajectory month over month.

5.  To ensure success we must remove all potential points of failure. As long as we are dependent on any device, exchange, provider, or individual, we are exposed and at risk. The internet is a prime example of proper decentralized scale. Goldcoin aims to be the internet of money. There is no other way to achieve unlimited scale.

 "Distributed, decentralized systems have an inherent power that literally obsoletes centralized systems. This is obvious even to the most casual observer. We have known this for decades. It was not until the arrival of the blockchain, however, that we had a tool capable of melding "decentralized" and "distributed" into a single unit within which no central authority whatsoever was necessary." ~ John McAfee

~~

Meetings are held every other Sunday @ 7:00 p.m. eastern time. For info on joining please visit: https://www.facebook.com/groups/goldcointalk/

Over the years, Goldcoin has made several technological improvements and continues to evolve. Our marketcap is growing steadily at a rate of 10% month-over-month.

Amir has upgraded the currency’s blocksize to an optimal 2 MB, improved the protocol’s difficulty adjustment algorithm, and added an innovative strip-mining defense system. Our network currently has 10X the network capacity of the leading coin w/ 5X faster transactions. A major rebase is scheduled for the Fall which will be followed by a thin client for Windows.

It's important also to consider the consumer, who will ultimately be the true test, wants a currency that's familiar, secure, sovereign, easy to use, and fast. They generally have zero concern about which mining scheme is being utilized.



Total number of coins to be mined is 72,245,700 over an 85 year mining period.

Thank you for your comments. While we continue to explore ways of making Proof of Work more energy efficient, we do not plan on adding PoS or Masternodes due primarily to the fact these systems have a downside risk of centralization.

Hey Dev, any new developments in the works? 

GLD is good crypto with integration on Trading View.. Most popular like BTC ETH DASH

Today I thought about GoldCoin and wondered what's been happening here.

I remember years ago the OP saying that he won't drink any beer until it hits a certain price point or something.

Today I checked coin market cap and the last 24 hours the volume has been $1,445,380. What is going on?

Really nice design, looking forward to storing some GLD in my iOS wallet soon!

But is that enough to make a coin suddenly have almost 1.5 million dollars in volume over a 24 hour period?

Then someone would be able to make a lot of money by simply buying whatever coin Bittrex decided to put on its front page, and then dumping it. Repeating the same process the next day.

Anyone else having block sync issues? been syncing from high 260400 and  for 5 days now. well solved by starting  over with a new wallet and new directory etc

GLD holds its value well during turbulence. I like this aspect alot.