Some photos of the KnCMiner data center...

http://i.imgur.com/OFVcMMO.jpg

http://i.imgur.com/oTyYkH0.jpg

http://i.imgur.com/fqJpEjs.jpg

Hey guys, it's been a while!

I see not much has happened for GLC whilst I've been away...

Well I've now got a fair bit of free time after retiring lol, so might see what I can do for GLC 

I'll bring this back around... however additionally propose the stolen cryptsy funds be excluded from the new chain.

So what's the story with Globalcoin now? What's planned? Who's planning it? What's the deal with glbcoin.com and Global Holdings?

1GgZD1cmfiWaUD1WbYxQJDu4HK7LwRDRYa

 

You are not using Globalcoin, addresses have always started with a 7. You've mistaken another coin with a similar name would be my guess.

And what purpose does the coin serve now? With POS you improve the efficiency and security of the network by removing the need to rely on POW miners, regardless of the mining algorithm it's now a hugely competitive domain seeing wild swings in hashrate on and off coins for the purpose of profit. With POS the security of the network is provided by those invested in it and the fly by night miners who dump straight away for profit are no longer a worry. Allowing more people to support the coin without specialized mining hardware also gives future-proof immunity to hardware centralization concerns. Once the Globalcoin network is secured and running efficiently with POS we can begin focusing on usage cases and adoption so it actually serves a purpose.

http://i.imgur.com/iwhqrco.jpg

I propose transitioning to Proof of Stake v3 with static block rewards. Rather than patching the current headache of a code base I suggest abandoning the old code, starting from a fresh code base, and manually importing balances into the new client. Of course this means starting over from block 0, so it's a bit more dramatic than just a hardfork, so community consensus is a must.

The issues with doing this in the past were the inability to transfer funds from old blockchain to new without the use of a middleman/exchange, people would often miss the transfer window and the possibility of tampering with the coin supply was there too. We can now however alleviate these issues by taking a snapshot of the current blockchain that can be parsed through to come up with a list of all addresses and their balances. A premine of the current coin supply calculated from the snapshot is made for the new client and then a mass sending of funds to the original addresses can be done. The new client will use the exact same key derivation methods, so users just need to move/copy their old wallet.dat file to the new clients directory and they'll have the same amount of coins as they held before. No middleman involved and the process is entirely transparent and verifiable, should someone wish to audit it.

To have this done the GLC community would only need to raise 1.5 BTC, shall we discuss further?

I have paid for the Globalcoin blockchain explorer to be put back online. It will be hosted for another 6 months, this can be extended at anytime via BTC donations here. Hosting equates to $9.90 USD per month.

I am also hosting a dedicated node with some statistics at http://globalcoin.ddns.net

Feel free to add it to your globalcoin.conf file if you're having issues syncing your wallet.

addnode=globalcoin.ddns.net

Revert to using the 1.5.3 client and manually specify these nodes in your globalcoin.conf file:

addnode=globalcoin.ddns.net
addnode=216.177.81.87
addnode=100.42.224.37

For optimal connections setup port forwarding within your router, allowing TCP traffic for Globalcoins port 55789.

I think it would be wise to reopen the discussion on changing from scrypt POW to POS.

Personally I believe going pure POS would be the best option for both implementation and adoption. After reviewing the current GLC code base and seeing how other coins have gone about transitioning from POW to POS, I would advocate the method of moving to a fresh blockchain with coin redistribution through a trusted exchange partner.

We can eliminate the somewhat major work involved in upgrading and patching the current client by following this method:

1. Enlist a trusted exchange platform to handle the transition (i.e bittrex.com has provided this service for several coins).
2. Exchange accepts deposits of existing GLC to user accounts.
3. Give ample notice to the GLC community of the transition.
4. Users will have a period of time (i.e 14 days) to deposit their GLC. Any coins that aren't deposited will NOT be included in the new chain.
5. After this time the exchange notifies the amount of coins deposited for conversion.
6. The new POS code base is established with the first block including the aforementioned amount of coins ready for distribution.
7. The first block is minted and coins are distributed to the users by the exchange, equal to that of their deposit.
8. The new client is then distributed to the community and POS is now active.

The main issue some might have with doing the above is the fact there will undoubtedly be people who'll miss the timeframe for depositing their old coins for conversion, which means they would lose their coins as they'll no longer be valid on the new chain. I don't foresee this being a huge issue, the consequences of this happening previously have been negligible and frankly if you're not paying attention to your investments, especially with the nature of cryptocurrencies, then that's rather stupid. So yes the new chain would likely have a lower initial supply because of the inevitable lost coins of inactive members, which can be seen as a positive for both scarcity and community participation.

Also as icodestuff suggested some pages back we can also develop a multipool that pays out in GLC therefore catering for miners of any kind whilst offering buying support on exchanges.

Here's my suggested specifications for POS:

Block Time: 60 seconds
Stake Interest: 4%
Minimum Coin Age: 8 hours
Block Maturity: 50 blocks

Globalcoin mining is now enabled on ScryptPool.com

https://www.scryptpool.com/pool/GLC


A node is also available

addnode=stratum.scryptpool.com

It appears the 1.5.4 release is buggy. I've tested both 1.5.4 and 1.5.4.1 QT wallets, both crash when issued RPC commands.

I'm guessing this is why the remaining mining pools, exchanges and explorer are all still using the previous 1.5.3 version.

Here are download links to the 1.5.3 client if you'd prefer or need to run it (i.e for solo mining).

Windows: https://mega.nz/#!M1wgHbIJ!c4RayOQc0VKU1MwIbMRVC7vCJKLCAd1jWfoDCeAolNw
Sha256: 35f7c105cf2dee15f6c015ed760ad0f9ef8237957f93a7bea2560f2cf14c1fa3
MD5: 4086776924427bf01e9a1716cfdc5618
VirusTotal: https://www.virustotal.com/en/file/35f7c105cf2dee15f6c015ed760ad0f9ef8237957f93a7bea2560f2cf14c1fa3/analysis/

Mac OSX: https://mega.nz/#!M4hzxIqL!9E6hB2-wm0BLMvtFT0h5GutGwk_oKQnHOYTzAgUce_k
Sha256: a6eb77421852c53e939294f139bf80aeca3b0386600cb797170051f84e912128
MD5: 0fdf3c2a32f14f1a9d432cf625f57e17
VirusTotal: https://www.virustotal.com/en/file/a6eb77421852c53e939294f139bf80aeca3b0386600cb797170051f84e912128/analysis/

Source: https://github.com/DigitalHoldings/Globalcoin

You may also need to setup port forwarding on your modem/router if you're having trouble syncing. Allowing TCP connections on port 55789 will allow the 1.5.3 client to find nodes.

Lol it cannot be unseen!

Well I have since made some revisions to that particular version and another take on the splash screen

http://i.imgur.com/x7nLnZq.png   http://i.imgur.com/7EzBgU0.png

This looks to be a system related issue, appears globalcoin-qt is hanging. We can try some things anyway.

Step 1) Ensure no instances of globalcoin-qt.exe are running, open the task manager (ctrl+alt+del) click the Processes tab and check for globalcoin-qt.exe - if it's listed right click and end process.

Step 2) Delete everything but wallet.dat and globalcoin.conf from inside the %appdata%/globalcoin directory.

Step 3) Right click globalcoin-qt.exe and select properties, under the general tab click the "unblock" button at the bottom of the page then click "OK".

Step 4) Finally attempt to run globalcoin-qt.exe again and wait a few minutes for the client to launch before clicking about.

You might also want to try right clicking globalcoin-qt.exe and running as administrator, this shouldn't be needed however.

If none of this works ensure you have the latest windows updates and a healthy system. I would suggest running the free registry cleaning tool Piriform CCleaner to fix any issues related to incorrect dependency/program paths etc. Running "chkdsk /f" on your windows drive might be beneficial as well.

You will need to create a globalcoin.conf file and add nodes for the current version to sync. I have amended my previous post to include instructions.

Alternative wallet links below.

Windows: https://mega.co.nz/#!l4pWSagI!c4RayOQc0VKU1MwIbMRVC7vCJKLCAd1jWfoDCeAolNw

OSX: https://mega.co.nz/#!hooSgAbQ!9E6hB2-wm0BLMvtFT0h5GutGwk_oKQnHOYTzAgUce_k

You will need to supply nodes in order for the wallet to sync. Instructions are as follows for windows users.

Open the run prompt (click start and type "run", it will appear under programs) now enter %appdata%/globalcoin

A new explorer window should now open within the globalcoin appdata directory. Create a new file text document with notepad and paste the following:


Save the file as globalcoin.conf using "File > Save As..." be sure to change the file type to all files when saving.

The need for adding nodes will be eliminated in the next client update

If you're referring to me, nowhere did I discredit you. I pointed this out because the same abbreviation is, as you say, a problem. Especially when it's the same abbreviation as a one year old, well known and established coin. You're only causing harm to your own potential, you won't get listed on cryptsy with the same trading abbreviation nor mintpal nor coinmarketcap nor anywhere that is important. I tried to help by pointing out such an obvious flaw and even provided suggestions...

So devs are back from holiday, what are plans for abbreviation change away from GLC. Do you have poll for community vote or developers just pick a new name? Change it before you do more work on the game because it might take many days to contact exchange and you want it changed on exchanges before you release game! That is important!

Splash concepts  

http://i.imgur.com/ikQdutL.png  http://i.imgur.com/99nnoUc.png  http://i.imgur.com/iZ0QuFZ.png