Minutes of the Gulden Advisory Board meeting of Thursday, January 27, 2022

Witness synch

Rijk, at the request of the GAB, explains the status of witness sync (accelerated synchronization of witness accounts). Malcolm has finished witness sync but cannot fully implement it because of a bug. The bug has always been in Gulden’s code but only caused major problems in the chain after some preliminary implementations for witness sync late last year. Malcolm then implemented a temporary solution with some modifications but is at a dead end in terms of a structural solution. According to Rijk, it is necessary to get the bug out because there is a high risk that sooner or later the bug will reappear and the chain will get stuck again. It is even possible that we could lose the listing with Bittrex as a result. Therefore Rijk asked the GAB to use 1/3 of the saved BTC for an exchange listing in an attempt to solve the bug. Rijk found Willem willing to spend 16h per week on this for a month. Willem has worked on witness in the past and is familiar with the code. Willem expects to be able to solve the bug but it remains to be seen if he can. The GAB has already unanimously agreed to spend 1/3 of the BTC on this.

Price

The GAB notes that there is a fairly negative sentiment in the community because Gulden seems to only continue to decline in value and has now dropped well below 1 euro cent. However, the GAB unanimously agrees that the price of Gulden (as a decentralized currency) is up to the market and that ideas for the direction of Gulden should come from the community. The GAB is always open to facilitating ideas from the community with sufficient support.

Dex

From the community it was asked whether there is still attention for the development of a decentralized exchange (DEX). Rijk indicated that the development of a DEX is complex and that the dev reward is currently far from sufficient for the development of a DEX.

Dev reward

Rijk continues that the dev reward is currently just enough to maintain the Gulden chain and possibly to clean up the code. If something substantial were to be built, more income from the dev reward would be needed. In short, at the moment almost nothing is possible in terms of development.

Improving Witness

Earlier, the GAB indicated that it would be very beneficial to make witness easier and more accessible, and they are putting this wish on the table again. In a nutshell, this means that users, for instance from their mobile phones, would be able to easily put Gulden in witness and that witness would be easier to understand and have a better overview. But here too, Rijk indicates that the dev reward is currently nowhere near sufficient to realize this.