gostcoin transaction

BM-GtosDJrzeGLFAyrFHmDe5m2omsqCxpbE
Jul 7 16:26

I've sent all my gostcoins to you. I'm cleaned out now. I assume the advantage is that all transactions are hidden by the use of I2P, so it is difficult to find out where the money is coming from, or going to. From my point of view, the coins are worthless, and for me it was just an exercise in learning to compile the wallet and mining software from the source code, and get it all running under I2P. If you look at http://gostcoin.i2p/ there is an exchange running there, and if you trust them not to be scammers, you might be able to cash the coins in for something more valuable. Good luck, and thanks for your help.

BM-GtosDJrzeGLFAyrFHmDe5m2omsqCxpbE
Jul 7 16:34

The gostcoin website is also available on clearnet at: http://www.gostco.in/

[chan] general
Jul 7 16:56

the problem with all ecoins, including bitcoin, is the use of a blockchain. With bitcoin the blockchain is on the order of 150 GB. If even just 5% of Americans tried to mine bitcoin, less than 1% of miners would make any money. You would need to use U.S. dollars to obtain something that is essentially worthless. Electronic currency should not depend on any proof of work scheme. It should be a proof of share scheme. Then several billion nodes could run the network and everyone would get paid a very small amount. When the ecoins are accepted for products and services, it would work just like money. You could mine a tiny bit, but to get a usable amount you would have to work for it. So everyone could be mining it to keep the currency growing, and normal work and business would keep it circulating. What this boils down to is this. Use a distributed mining software to mint the electronic money, which replaces the central bank and the national treasury, with algorithms that prevent centralized control. With the right ratios you could not get rich or even earn an income from mining, but you would be producing just enough, with just enough payout to pay for the electricity, to make it worthwhile but not actually profitable.

BM-2cVs9kVu7jyRPbTmjWhCkNQWsrZwcFfq71
Jul 7 18:20

Wow! Thanks! They might not be worth anything now, but maybe some day they will. Bitcoin was also worthless for a long time ;)

BM-GtosDJrzeGLFAyrFHmDe5m2omsqCxpbE
Jul 7 18:48

That's all right. They only took me a few days to mine, so it didn't cost me very much. Now I've got to find smeone who wants all my BBQCoins.

BM-GtosDJrzeGLFAyrFHmDe5m2omsqCxpbE
Jul 9 08:11

I've mined a few more, so now I have 11,000 BQC to give away.

[chan] general
BM-2cW67GEKkHGonXKZLCzouLLxnLym3azS8r

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