[GPUC] GPU Coin | Mandatory Wallet Update

[malbee]

meanwhile,
gpucoin is leading the vote for revival at coin revolution topic with 17.3%

Cryptocoin Revival Foundation! ★ COIN REVOLUTION ★
https://asktom.cf/index.php?topic=576714.0

Cool.. the question is though.. what can these revival foundation guys actually do?

+1
I will ask this question as well and add to it: How is supposed to be done the revival then the coin managment is in the hands of Jaymes and it still depends on him.

I think the overall consensus is that he should step down and give ownership of the business/sites/gpucoins for a bargained price (1$) to someone with the experience and willingness to try and make this coin succeed.
How about we all send him a PM asking him to step down and get him to agree to transfer ownership when a willing candidate is found. Hopefully the Coin revival fund, I pmed the guy and he seems willing if Jaymes can transfer ownership to their fund.
 

James, do us all, and yourself a favor, and let someone try to make something out of this.....  You have a mountain of coins, I'm sure you are just as interested in making them worth something as we are...

[malbee]

I don't know who these coin revival guys are..?  Are they for real or just some other scam..

Man I just came back from analyzing the Asiacoin situation, what a mess of a scam.  Makes Jaymes look like an angel compared to that situation.  Dude tried something and failed... probably out his own money too.  Some of these other scams are getting away with hundreds of thousands of dollars...

But so many other anonymous internet jokers out there.

How could it get worse?

[vesperwillow]

I don't know who these coin revival guys are..?  Are they for real or just some other scam..

Man I just came back from analyzing the Asiacoin situation, what a mess of a scam.  Makes Jaymes look like an angel compared to that situation.  Dude tried something and failed... probably out his own money too.  Some of these other scams are getting away with hundreds of thousands of dollars...

But so many other anonymous internet jokers out there.

How could it get worse?

Find out that Jaymes was running a scam all along? I guess that would be like salt on the wound. but beyond that, not much worse.

The true good that came out of this is on the development team: They've earned some solid rep at providing support and quality code.

[djm34]

meanwhile,
gpucoin is leading the vote for revival at coin revolution topic with 17.3%

Cryptocoin Revival Foundation! ★ COIN REVOLUTION ★
https://asktom.cf/index.php?topic=576714.0

Cool.. the question is though.. what can these revival foundation guys actually do?

+1
I will ask this question as well and add to it: How is supposed to be done the revival then the coin managment is in the hands of Jaymes and it still depends on him.

I think the overall consensus is that he should step down and give ownership of the business/sites/gpucoins for a bargained price (1$) to someone with the experience and willingness to try and make this coin succeed.
How about we all send him a PM asking him to step down and get him to agree to transfer ownership when a willing candidate is found. Hopefully the Coin revival fund, I pmed the guy and he seems willing if Jaymes can transfer ownership to their fund.
 

James, do us all, and yourself a favor, and let someone try to make something out of this.....  You have a mountain of coins, I'm sure you are just as interested in making them worth something as we are...

and you want to resurrect to coin knowing this  
as long as he had interests in the coin, it was in his interest to not dump anything, so if you "steal" his coin, what do you think will happen ?

[general_heat]

Hi All,
This is my first post to the bitcointalk forum. But I have been mining for quite some time.
I think Jame's inexperience and one man team(management side) problem is mostly to be blamed for the coins downfall(its not yet failed).
Why dont we focus on spreading on more adoption of the GPUcoin? Why is GPU coin only linked to GPU coin store? Maybe other fronts for its adoption can be promoted. The brand name(GPUcoin) itself seems to be pretty appealing. Maybe we can ask others to adopt this coin(casinos, mining rig equipment vendors etc).
I myself can donate a 100,000 coin(i know its not much at 1 satoshi....but i think the coin can have a better future) for the bounty.
James started this coin with a good motive but I feel as he didnt fix number of GPU coins required per GPU so the coin had no backing to maintain its value.
Anyways I hope this coin gets a better future and doesnt end up like Panda coin or other shit coins.
micryon thanks for sticking along...hoping you will stay for longer time.

BR
General

PS: lets try to focus on solving the problem and make this coin being more vastly adopted(and not only for the gpucoin store) . Also please vote at mintpal the coin is still at rank 18. Finally, lets not sell cheap.

[micryon]

micryon thanks for sticking along...hoping you will stay for longer time.

I'm still around

James started this coin with a good motive but I feel as he didnt fix number of GPU coins required per GPU so the coin had no backing to maintain its value.

I think you hit the nail on the head here... the problem is , it's a huge risk, esp with the PoW generating more coins.  I think that could work for a PoS-only coin.  Good news is while trying to help the AC project i've started working on the PoS code base...

[general_heat]

Well I dont know if PoS is good or not. But for sure, for a coin to work more adoption is good. Specially as I dont know what is the future of the gpucoin store.
Hope James can see the big community force and share his profits with other willing members.
One thing I have learned is that getting a small piece of a big pie is better than getting nothing....
General
PS: Can we start a bounty for more adoption i can donate 100000 to 200000 coins for the same

[jollyriffic]

Hendrix already had an escrow, store, and method to charge based on the current market value.
if he would set the market value to the average over the past month, switch to accepting a few coins, and then also sell gpuc directly from said store, we could have a sort of amazon.com site.

would be a good deal of work on his end, but why not?
it has the potential to be as big as amazon. i'd say even go full on copy and paste of how amazon looks and feels.
this way people are already used to the layout.

the sellers could post their coins directly in que to be sold from the site itself, or opt to cash out to their wallet.
why are we waiting for some huge corporation to adapt when we can do it ourselves.
the store doesn't have to be called gpucoinstore.

pretty sure i've said this all before in this thread. while it would be nice for someone else to get the heart beating on gpuc, what's stopping those involved already to get cracking on this?

[DougB62]

This is only posted as an aside, but yesterday afternoon, I decided to dump my GPUC at 1 sat. I sent my wallet's worth to an exchange... 2 hours later it still had no confirms. I finally deleted the wallet.dat, and restored an earlier backup, to get the coins back in my wallet.

I must assume that the exchange I sent the coins to was on a different fork, but I'm one of those people who believe that everything happens for a reason.

I'm going to hodl these now, and see what happens. (Silly?) 

[dbzenhosting]

Whats this coin doing its worthless 1sat... had such potential. I guess no support. O well.

[kahir]

Whats this coin doing its worthless 1sat... had such potential. I guess no support. O well.

lol its even scary to put a buy order at 1sat .....

[zuluweralfa]

I'm still holding mine from the IPO 

I would be happy to support any way to revive this coin.

[Jonesd]

Cryptocoin Revival Foundation's effort to revive GPUcoin

GPUcoin has been elected by CRF as Focus Coin

Read about this in the original topic and tell us what you think!

[bananahunter67]

Lol I would like to see Jaymes reaction once he reads this.  Its like stealing the coin behind his back. I am not saying we should not but I am sure he will be quite surprised.

[Jonesd]

Lol I would like to see Jaymes reaction once he reads this.  Its like stealing the coin behind his back. I am not saying we should not but I am sure he will be quite surprised.

If the dev is against it, we will not do so. Another option is to see if we can help him out with some things. A lot of people voted to elect the coin, so there is obviously something that needs to be done.

[bananahunter67]

Lol I would like to see Jaymes reaction once he reads this.   Its like stealing the coin behind his back. I am not saying we should not but I am sure he will be quite surprised.

If the dev is against it, we will not do so. Another option is to see if we can help him out with some things. A lot of people voted to elect the coin, so there is obviously something that needs to be done.

Well, the funny thing here is that the dev will jut not tell anything. He does not talk as usual. Maybe he will come back at the forum a month later ago as he does it accidently to throw some information without even reading what is happening in the community as he is interested only in himself. Then if he mention that the coin is not existing anymore as such he would be realy surprised. And as for asking I will say again, if you accept the lack of official refusement and communication for a green light to proceed - go ahead.  

[DougB62]

Lol I would like to see Jaymes reaction once he reads this.   Its like stealing the coin behind his back. I am not saying we should not but I am sure he will be quite surprised.

If the dev is against it, we will not do so. Another option is to see if we can help him out with some things. A lot of people voted to elect the coin, so there is obviously something that needs to be done.

Well, the funny thing here is that the dev will jut not tell anything. He does not talk as usual. Maybe he will come back at the forum a month later ago as he does it accidently to throw some information without even reading what is happening in the community as he is interested only in himself. Then if he mention that the coin is not existing anymore as such he would be realy surprised. And as for asking I will say again, if you accept the lack of official refusement and communication for a green light to proceed - go ahead.  

Well something must be done, that's for sure. I say go for it.

[cnerd]

If the dev is against it, we will not do so. Another option is to see if we can help him out with some things. A lot of people voted to elect the coin, so there is obviously something that needs to be done.

So, basically, you have no idea?

What the foundation wants to do for GPUcoin:
1. Create new bitcointalk where the foundation is the Dev.
2. Create new github source that can be updated to be ad up-to-date as possible
3. Release new wallets.
4. Elect a new representative of the coin to run the communications.

The coin does not really need any of this, although other coins might actually do.

The problems with this coin are
1) that the front end died
2) nobody had an idea how to make a successful cashflow

Basically the economy behind the currency failed. You can not fix an economy with software updates, man. Updating wallets and bitcointalk threads wont result in a flow of GPUs to buy with GPUcoins. If you are not going to revive the store (by either investing your own money, IPO or liquid magic) you might aswell just leave this coin to die and focus your efforts somewhere where you can make a difference.

I am not saying that what you are doing is negative in any way, I am just saying that selecting GPUc for a Revival was a bad choice.

Lol I would like to see Jaymes reaction once he reads this.   Its like stealing the coin behind his back. I am not saying we should not but I am sure he will be quite surprised.

Whats with the "we" again? I think that you have done enough for this coin.

[micryon]

2. Create new github source that can be updated to be ad up-to-date as possible
3. Release new wallets.

Well as the coin dev.. I'm still around, and have been updating the code with all necessary patches, security or otherwise.. Of course if you guys have some new contributions would always love to have it...

Basically the economy behind the currency failed. You can not fix an economy with software updates, man. Updating wallets and bitcointalk threads wont result in a flow of GPUs to buy with GPUcoins. If you are not going to revive the store (by either investing your own money, IPO or liquid magic) you might aswell just leave this coin to die and focus your efforts somewhere where you can make a difference.

GPUCoin is in a weird situation, not like other coins.. precisely why it interested many of us.. for these other coins, it's 100% about promotion, and generally some statement about using the coin for something or other...

GPUC was something that actually had a business model associated with it.  It's too bad that part of it failed.

I wouldn't count the front-end out though.. hendr1x still around i think..

The bigger problem is that there's no strategy or new business plan.. there's no angle right now for this coin.

So agree I'm not sure how the revive guys can do much with it...

[cnerd]

GPUC was something that actually had a business model associated with it.  It's too bad that part of it failed.

Too bad only one person knew about the exact business model and that person did not do his homework just about right.
There is no problem with the coin itself, the problem is with the ideology behind it.

If somebody wants to revive this coin, I suggest that they start selling extenders and power cables trough the store... like a whole lot of it. People will be happy that they can actually get something for their millions of coins and you will be happy, because the coin wont die just yet.
This way you will be able to clear up the millions in reserve, held by the community and eventually, after a long long time, accumulate enough resources to start selling expensive things again.
 
Imo, jumping on R9 280x was one of the first mistakes in this coin.
If you open up a car shop, you dont start selling Feraris and Mazerratis right away, you start with the cheap crap and expand from there.
Now, if only those werent IPO money... perhaps then the creator of the coin wouldnt have been so quick to jump on the expensive stuff...
Once again, IPO fails in the long run

Cheers to micryon and hendr1x, I think that you two should start an initiative together. Whatever it is, it will be a lot more successful than this.