Bart said on slack the developers are building a buffer incase of another crypto bear market. When the buffer is good the rest will go into the exchange. The developers have contributed over 200 000 of the rewards to bitvavo and building up a buffer together.
Waste of time building a trough buffer, get onto bitvavo ASAP!
The best way to contribute to bitvavo is to place bids on bittrex to keep the prices higher then the cost of development. Gulden is 3 to 4 times what was required monthly which was slightly under 1c, if the developers fund it and for some reason fails they get the money back but if we fund it we don't get the money back and nothing to show for it. This way everyone who wants Gulden helps by buying more Gulden at higher prices which is helped by the lowering of rewards that is coming. It's obvious most people thinking along the lines I do because the funding is mainly coming from the developers who will benefit the most with a bitvavo listing and securing funding long into the future.
Post reward cuts, Bitvavo is the single best thing it could happen to us. A direct EUR pair is what dreams are made of!
That is mainstream media? What a waste of money, no one trusts the controlled media except for a bunch of snowflakes who need safe spaces. This will do more harm then good, focus on bitvavo listing with all available funds!!!
Who says that any money has been wasted for this televised interview?
The reward halving is going to help Gulden maintain a good price in the next bear market. Bitvavo will also help.
Both will (in theory) result in an increase of the price. First thing up is the reward reduction of around 25%. If the current demand remains the same, the price should in theory increase from the moment on this reward reduction takes place. The first reward halving is after that a couple years away from now, but definitely something to look forward to.
Also I believe the demand for Gulden will steadily grow over the upcoming months/years. So I think the first reward reduction of around 25% will have a bigger impact than the market currently is showing.
Doxter this is last time 10 million coins flood the market until August. After its much less every 3 months. I am going to buy more coins at 55 sat. The supply floods won't last long and this why the community asked for the change.
7 million in buy support to 50sat and this is still double the sat price we started off with before the max supply and possible reward changes. Lots of marketing starting to take place in NL, so between now and the reward change in August you can expect more buyers.
After all that shit show in slack I’d hope that he actually sold at 50sat or so and is praying that price falls to re-enter because it fits his agenda..
Post
Topic
BoardAnnouncements (Altcoins)
Re: [NLG] The even greater Gulden thread!
by
Sinotek
on 28/04/2021, 22:00:58 UTC
I’ll keep on buying, there’s so much upside going forward. We’ve had dirt cheap prices for far too long
This is sad for people who were trying to register on bitcoinmeester on the weekend and watching the price go up like this. Bitcoinmeester also wants a lot of data, a few of my close contacts have tried to register and accounts will only be validated Monday or Tuesday.
Praying the price dumps overnight so they can get in at a good rate.
Rijk is worried about a 51% attack on the blockchain if the rewards change, the developers are confirming if Guldens security can manage. I am also worried because it's taken more then a week and they don't know.
Your close contacts can risk buying and if the reward change is approved they will make a profit but if the developers can't make a decision more of the community will sell and your contacts can get in cheaper, wait until the weekend is my advice.
This is sad for people who were trying to register on bitcoinmeester on the weekend and watching the price go up like this. Bitcoinmeester also wants a lot of data, a few of my close contacts have tried to register and accounts will only be validated Monday or Tuesday.
Praying the price dumps overnight so they can get in at a good rate.
I dont feel sad for those people at all....
They had years to accumulate, all of sudden they’re all running out of the woods and are in a rush to buy
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Topic
BoardAnnouncements (Altcoins)
Re: [NLG] The even greater Gulden thread!
by
Sinotek
on 18/04/2021, 15:26:48 UTC
Today was insane... I mean wtf we were just trying to breach 40sat and a couple of hours later I glance at my phone and we're nearly piercing 100 sat Jeez...
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Topic
BoardAnnouncements (Altcoins)
Re: [NLG] The even greater Gulden thread!
by
Sinotek
on 18/04/2021, 08:56:21 UTC
Well shit... we just tapped 50sat like it was nothing
Of course the rewards are fine, Novo has 0.1 reward for mining and witnessing and that will change to 0.025 for miners and 0.075 for witness and Novo was secure at less then $1. The announced reward halving for Novo was also announced while the price was close to $1
With Gulden my guess is they want to determine the block the first drop must occur and other administrative checks.
Calm down!!!
Rijk said they are going to figure out the security implications first and only start looking after Witness sync. Waiting to hear when we will have answer from @Dev or @GAB
They can risk it with Novo because it's not a well known coin and not much support on the exchange but I won't buy Novo if they are worried about security with the Gulden change. It's good they take time to investigate because Gulden is more popular and more funds at risk.
Agreed, I’m happy with the changes either supply / rewards. The halving event is what seems tricky security wise. It’s no problem if the price compensates the slash in witness rewards after 4 years thus keeping people interested in having witness rewards
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Topic
BoardAnnouncements (Altcoins)
Re: [NLG] The even greater Gulden thread!
by
Sinotek
on 15/04/2021, 10:06:24 UTC
Code:
I can confirm that the supply cut will be implemented. To 750 million as described in the plan.
Regarding the reward adjustment, our intention is to adopt it as well, but we need to figure out the security implications properly first. This investigation will start after witness sync.
We will implement the supply change in the code in the short term.
Ok I might like this Gulden project, I read about a reward halving. I walked away because it did not have one as per my post. Gulden looks like a good project that is under valued. Everything else to me is too high price but Gulden looks safe.
Is this coin going to have reward halving or not?
Gulden advisory board is meeting tonight to discuss the max reward and other topics. I don't know if rewards will be changed or if witnesses will end up with 75% of the reward and miners 25%.
From past experience, it takes a day before we hear the outcome of what was discussed.
For the first time ever, the Gulden Advisory Board will broadcast the meeting in Clubhouse for everyone to hear it live. So if you speak Dutch and have an iPhone you can tune in later today.
You can also purchase Guldens directly from the mobile wallet, you'll have to complete some account verifications but afterward, it's incredibly simple to fulfill a purchase.
I forgot to mention this, this was only made available recently?
Fairly recently, it's a great feature to have in the wallet. With a bunch of clicks you're already buying Guldens whilst supporting development.
You can also purchase Guldens directly from the mobile wallet, you'll have to complete some account verifications but afterward, it's incredibly simple to fulfill a purchase.
I was one of the few voices at the start who was against the reward change from 1000 to 100 and when they went ahead with the change Rijk never adjusted the max supply to compensate. Next year if the rewards remained the same with the 4 year halving schedule, 75% of the total supply would of been mined out.
Next year Gulden will only have 35% of the total supply mined out and a long way to go before 75% is achieved. This scares off investors.
To correct the situation the total supply needs to be adjusted to where current supply is 75% and a reward halving introduced on the 3rd April 2022 when the next reward halving was expected to take place.
Someone else in the team or community can work it out but the max supply will need to be adjusted close to 760 million to bring the initial reward structure back into balance with a reward halving starting on 3rd April 2022 and every 4 years after.
I do like your suggestion. It also gives the devs 5 years of good funding while also catering to the users and putting the blockchain in sync with where it should be with the circulation % vs Max coins.
Is this proposal worth mentioning in the #GAB channel on slack?
Seems like a reasonable thing to suggest in Slack, they’ll discuss the max supply cut for sure, I heard it’s in the list. Reward halving I’m not entirely sure.
Novo has it's total supply reduced from 10 billion to 210 000, this is why the price has jumped 200% in 24hrs. This is a test for Gulden to reduce max supply from 1.6 billion to 600 million and drop rewards by 90%? This is will be a welcome move for Gulden! It will be unfair if 1 project of Rijk does this but not the other.
GAB is discussing the max supply next week for Gulden on 24th March, looking at the Novo price it does not take a brain surgeon to see what is in the cards for Gulden, invest now before it's too late, gulden already has enough supply to go around. A good balance is to halve the max supply to 840 million and drop the reward to 55. Miner 20, Witness 15, dev reward 20
It could be a possibility now that it's been debated by the community time and again. A combination of a 50% cut on the maximum available supply bringing it down to just 840mil instead of having that large permanent cloud over our heads that keeps hindering price growth and investor interest.
On top of that, a halving-like event could also take place every few years, in combination with a re-adjustment of mining/witnessing/dev rewards as the price grows.