Bitcoin Forum

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Versa is an apptoken to secure valuable data as chains of inlets stored in single hashes within the network of dedicated nodes. Its goal is to provide a general purpose data layer to secure arbitrary records in the blockchain, and enable a future-proof developer-agnostic platform allowing to build and maintain network applications that are operated by the community for the community. Unlike most databases, the blockchain is distributed across the internet making it practically impossible to shut down. Whereas the Bitcoin blockchain is a record of financial transactions, Versa is designed to store any type of data making it an ideal platform for a wide range of applications, including financial systems, medical records, supply chain management, voting systems, property titles, legal applications, and much more. Versa allows applications and users to create their own blockchains, which are just whatever data they wish to track. Those chains are secured by hashing them together with all the other data from other users, and a single hash is written to the Versa blockchain.

The Versa blockchain consists of a three sets of blocks: inlets storing application raw data or a hash of user private data; inlet blocks that are references to inlets; and index blocks, that contain the merkle roots of the inlet blocks and define which inlet blockchainID has been updated during the time period covered by a newly formed block on the Versa network. Index blocks consist of a list pairing a user blockchainID and the merkle root of inlet block containing data for that blockchainID.

Versa groups all inlets under blockhainIDs. Each blockchainID is a hash of the corresponding chain name representing a byte array arbitrarily long in length. This prevents non hashed data from being a blockchainID, that is stored all the way up to the index blocks and also eliminates insertion of nonsensical and obscene plaintext in the block structure. The chain name could be whatever you like and is fairly arbitrary. It could be a random number, a string of text, or a public key.

Inlet blocks have references pointing to all the inlets with a particular blockchainID that arrives during a block time period - 25 seconds, so that all the bulk of the data in Versa is the inlets themselves. Each inlet block referenced in the index block takes up 64 bytes (two 32 byte hashes, the blockchainID and the merkle root of the inlet block) and can contain up to 5 inlets. The Versa network can store million such inlet blocks providing the high level management of 5 million distinct inlets with a set of index blocks roughly 64 MB in size.

The users can use any set of rules for their chains, and any way to communicate their rules to the users of their chains. All inlets in the Versa network are validated by user apps. As long as an app understands the rules the particular chain follows, the existence of invalid inlets doesn’t cause unreasonable disruption because inlets in the chain that don't follow the rules are instantly disregarded by applications. The first inlet in a chain must hold a set of rules or a hash of an audit program. These rules will be understood by applications running against Versa to ignore invalid inlets client-side.

If an application only has the index blocks, it can easily find inlet blocks it is interested in. Apps are interested only in a small subset of blockchainIDs being tracked by the network, and this greatly limits the amount of bandwidth a user needs to use with Versa as their system of record. Once data is entered into Versa, it cannot be changed, modified, reordered, or deleted.

Vera network is secured by Satellite nodes - the servers that collect the merkle roots of the inlet blocks and package them into the index blocks. All nodes are constructing a process list for the blockchains, as well as constructing the inlet blocks that will be used to create index blocks at the end of the 25 sec block time upon which decisions made by a node are broadcasted to the rest of the network. The index blocks are then hashed via a merkle tree, and the merkle root is recorded into the Versa blockchain. Nodes don't need the entire blockchain to fully validate transactions and only the highest level blocks of the network are required to completely validate a chain allowing Versa to handle transactions of a reasonably big size. If someone is not specifically interested in entire blockchain's data they would not download it.

Once the framework is out and nodes are set up, including issuance of Antidotes and user accounts, users will be able to swap their Versa tokens for Antidotes.


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Antidotes is the simple way to pay for inlets and completely decentralize Versa network while constructing a standard, effective, and secure foundation for user applications to run faster, cheaper, and without chainbloating. Versa will be converted to Antinodes, and payed out to Satellites to moderate and reward the network clients, and help binding a consensus to ensure the purchased inlets are timestampted to that minute when the user data ordering is received at the Satellite nodes. Once the Antidotes have been purchased, no reverse swap is possible.

Antidotes will be transferred among users, Versa network, and user blockchains as such: application owner purchases Antidotes with Versa tokens; application records an inlet; Satellite node creates inlet block and index block; Versa secures an anchor (hash of the index block) onto the Versa blockchain.

If you would like to increase the index block size you first need to create and update your individual chain. As such you will externalize costs of applications attempting finer-grained organization that must be required to expend more Antidotes than a simple inlet would necessitate to discourage bloating index blocks.

The burn of Versa to Antidotes will be done via a special purchase transaction, directing a tokens amount to client account. The Antidotes will be delivered via a private key deposited into that account once the confirmation for swap is received.

The Antidotes, once purchased, cannot be transferred to another public key. They can only be used to pay for inlets or vote for Satellite nodes. This will greatly reduce their value to thieves, since they can't be resold.


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By burning your purchased tokens for Antidotes, you will be able to get inlets and store any kind of sensitive data. Entire blockchains of your personal data that no one can possess, identify, track, crack, steal or brute force.

Inlets will be posted to client blockchains via transactions on Versa network. Nodes and other merchants of Versa can sell Antidotes to customers for payment via any cryptocurrency, conventional credit card payments, and for their blockchainIDs. A user provides a public key to hold the Antidotes and a seller converts the appropriate amount of Versa to Antidotes and assigns those rights to the user’s public key allowing you thus buy Antidotes for Versa without ever owning the Versa tokens.

Nodes are the only parties to transaction fees on the network. When you as the node's owner sell Antidotes to users, who eventually return Versa to the rest of the system, in neither transaction Versa tokens are transferred between the parties.

Antidotes will be non-traceable, so no one can assign them to another user's public key since selling private keys isn’t practical or useful. The goal of the Versa platform is to provide the power of the blockchain to a nearly unlimited range of applications and uses, creating a protocol for apps that enable functions and features beyond currency transactions with the benefit of cost effectively separating the blockchain from your own assets.


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Those submitting a tweet to Versa could craft an inlet as a piece of text and then sign it with a private key to show the origins it came from. Followers of a twitter user will find which chain they publish in and monitor it for updates. Any new signed inlets would be recognized by follower's application software as a tweet. Others could tweet at a user by adding inlets to their chain.

Versa blockchain will allow to store the electronic medical records (EMR). Taking advantage of the pseudonymous nature of blockchain technology and its privacy, personal health records will be encoded as digital assets and put on the blockchain just like digital currency. Users could grant doctors, pharmacies, insurance companies, and other parties access to their health records as needed via their private key.

Applications built atop Versa platform will work very similarly to the ones we have today – just like Coinbase works similarly to PayPal. Versa aims at getting them to talk to each other just like email apps and bitcoin wallets can interoperate. As the Versa architecture commoditizes much of the value, venture capitalists, entrepreneurs and investors will be better off thanks to individual ownership of the data and high consumer Antidote market power.

Versa provides benefits to create audit trails that can't be modified in any way ensuring inlets in databases are entered a certain day. This will serve for purposes of traditional banking as the accounting data is as unalterable and transparent as the blockchain itself.


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Versa blockchain to enable authorization between platforms, sites and third-party apps. Users don't need to give untrusted parties a permission to sign in to their socials such as twitter, myspace or facebook to authorise external services to post on their behalf or do certain things in order to access the desired resource. One does not necessarily need to log in to neither of them. To verify via blockchain a user gives publicly only display name or any arbitrarily faked set of letters, that is stored on the blockchain and can be called by externalies, username and password.

No need to expose your twitter or facebook IDs to new apps because using the blockchain public layer instead greatly helps to leverage the data from popular social networking services, and enable both party to avoid having middle services. This will build an ecosystem that is good for all users as well as many internet service providers and, in particular, reduce the amount of passwords sharing that happens between websites and applications. By decentralizing identity and authorizations to blockchains both applications and end consumers will benefit from a better more distributed architecture of identity.


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Versa will allow individual volunteers to make their computing resources and infrastructure management available to consumers and charge fees for their specific usage. All the users within Versa community computing platform can contribute the raw resources of their computing cycles without involvement in setting the research agenda.

By using the resource-allocation mechanism of the Versa blockchain non institutional researchers could access to computing time for their own projects of interest and encourage all the other clients to specify their own computing project and access remote grid desktop resources via a blockchain structure. Each client will share computational cycles which can be used by researchers. This will provide the highest potential possibility to turn the Versa platform into large-scale data warehouse and computational project being assembled to focus on scientific and industrial research.


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This is the Crowdfund offering for Versa. There is a limited amount of Versa available and the extended funding is aiming at facilitating the growth and development of Versa platform after it attained the full distribution. The Versa funding will go towards the first days worth of expenses which include developing the core framework infrastructure and usability for the issuance of client accounts before the burn period has started. The funds will go towards launch promotion and miscellaneous expenses.

Any remaining funds that were not used for the crowdfund will be destroyed by the hostage provider. No trading of the coin will be allowed until the crowdfund ends and the escrow is released.

The hostage for the Crowdfund will be chosen between different exchanges depending on whether one of them appears to be the better fulfillment ensuring the Versa needs are fully met helping us to become a true indicator to get the project off the ground.

The proceeds from this sale will be used to turn developmental goals of Versa platform into swift operative steps enabling users and developers to rapidly deploy and scale applications built atop of Versa platform across public and private blockchains. Mostly proceeds will be allocated for pay for servers, for bandwidth, for marketing and branding as well as legal and business development.


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yup !

finally something todo ! :)

ROM IS BETTER

edit: wait i tought it was PoS only :D

Pool will be ready for pre-reg before launch I'll prolly build it in some hours

Link will be www.suchpool.pw/versa

and we want around 90% of the nethash on our pool plz

wow so many words my eyes hurt.........What is the algo?

pow???

damn too many words

Yup, Algo would be good to know :)

algo?

War and Peace coin :)

NINJA ALGO

Pure POS, 100% of the available supply will be distributed through the Crowdfund. The stretch goal for Versa Crowdfund will be announced at the launch time. The crowdfunding marketcap will be revealed in less than 15 hours.

Aaah.. What a pity..

Next...

Pure POS and Crowdfund only. Anyway thanks.

I wasted 5 minutes reading this post, can i get some coins?

EDIT: PLEASE?

Me too, I read it over few times thinking I missed the pow. The 2 pools setting up really through me off lol
Too bad, community really itching for POW

so long  ....wasted time  . we need ALGO and POW  ;D ;D

Mmm... How many coins would you like to get? Perhaps, we can allocate a small amount of Versa for giveaways, but definitely, pre-distribution is not a good way to protect the value most backers may wish to put on their investments in order to support Versa startup. Perhaps you should be more interested in what we do to gain stability via design and volume, rather than what you can gain?

Sorry, why do you need POW? To dump all your holdings immediately after someone sets up a wall? Such type of distribution as mining will soon or late become obsolete. We already have much better and more efficient way of token distribution.

People are tired of the same old, same old
IPO, ICO, Crowdfund - call it what you will, it all boils down to giving your cash to some random in the hope that the magic beans grow into a beanstalk.
No thanks

What is this about and what's the price?

Agreed. Nothing else to be said

Also, what's the betting this is the HALO team changing their name after last week's mess

Sorry, but the goal of this crowdfunding is to provide Versa with the capital infusion necessary to cover multiple developmental costs and expenses which we will incur. We aim to be successful and become more valuable, and without doubts we will be traded to a third party for a profit. Yes, we will benefit from receiving capital in many forms, but we'll improve our status, and our backers will also have a share in the success of ours.

All money obtained from this sale will be solely limited to funding technical and code development. Because of the upcoming Versa - Antidotes burning phase, we aim to be more scarce in volume and trading than any other cryptocurrency and thus best appreciate in value at proportional and even predictable rate.


We'll uncover the price rate in less than 14 hours. Please check the countdown, thank you.

Sorry, what?

Thats what we hear over and over again.. And 9 of 10 ICO's, especially when hosted @ C-Cex or Yobit simply disappear after the funds have been released.

If you want public funding release your full ID and/or company ID and do just a regular funding like on kickstarter, why everything anonymous when you're true about what you're posting ?

People looses interest for coin without mining, don't u get it? Full pos coin means please buy my air, it is good.
First devs will buy some air by themselfs to stimulate others.
i have air too, wanna some ?

It seems like you have a very limited understanding of this topic, and you're not willing to make an informed guess. I believe that thorough reading about all the features we're offering can buy a little credibility of ours.

If not, please either leave or restrain from making childish comments. I hope, i'm getting my point across. Thank you.

I wasted another 5 minutes reading all the posts, can i get some free air please... sorry i meant coins

We can send you some air, but would like to consider it further and get back to you after crowdfund ends. Just in case.


Yes, perhaps this is pre-FUD. I know that as the cryptocurrency market expands lessons are being learned. As with any investment risk is inherent until obligations are achieved, but show any investor where this isn’t the case with cryptocurrencies.

We're here to patch prior potholes and avoid new pitfalls, while running our project for long-term cooperation and building out effective marketing campaign capable of generating very attractive returns for our investors by bringing entrepreneurs, volunteers, and tech savvy people to Versa infrastructure.

Cheap coins? It's a crowdsale lol

And I'm not fudding BTW. I just agree with other comments that POW would be a better way to go.

The ANN looks fantastic, you've obviously spent a lot of time on it, that's why I mentioned the HALO project. It's irrelevant anyway.

You'd probably bring a lot more people on board and gather much more support making it POW. Do a premine? Rent a load of hash and mine the hell out of it on launch. Anything is better than the ico/IPO rubbish

+1

critisism != FUD

It's alright. We wouldn't mine a major amount of coins and eventually dump them when we sense the price is suitable. This crowdfunding provides investors with equivalent rights of participation and allows anyone anywhere to obtain a stake in our project at a fixed conventional price rate. Mining is a striking example of unfair distribution and is heavily dependent upon your hashing power.

We believe, for our participants, there will be the promise of big financial upside and being part of novel undertakings because the support we can gain from users through the concept stage of our project will make all the difference in not only the success of our campaign, but can drastically improve our overall business plan. In a few days we will move to the pre-test stage of Versa platform - could be the best time to tap into the pool of investors before we have legs.

Good luck.  :) I'm out.

Sooo text, such read...

Yes, this is the first thing you should do after being in. On a more serious note, try researching and reading a little bit about us before you drift off to sleep. Appearing uninformed is the worst thing that could ever happen to you.


It's alright that you can read.

Our crowdfunding will go live on c-cex exchange on 07.07.2015 6:46 UTC, in less than 7 hours. The price and cumulative crowdfunding marketcap will be disclosed once the market goes online. Don't hesitate to follow us on twitter.

Then you havent been paying attention. POW coins to come out in the past months get shit on and dumped to nothing on exchanges instantly.

I was waiting for Cryptsy... Give us Cryptsy or something.

1 hour left until our Crowdfund launch. Before the official launch, we assemble a talented and capable team of volunteers and contractors willing to select and complete Versa publicity via press releases, articles and social media and responsible for creating, promoting and developing our respective marketing campaigns. If you can help us to responsibly represent Versa platform, please hit us up via PM on bitcointalk or twitter.

Yes, the market is currently offline. Don't worry, launch will be slightly postponed - exchange owner is still unreachable. I just contacted him via skype and he appeared offline. The market will be enabled as soon, as he is up and available.

It baffles me that people with new accounts and nice looking templates of a "new" coin expect strangers to invest in their ICO after not having showed us anything.

Market is now live (https://c-cex.com/?p=versa-btc!).

Please retweet https://twitter.com/VersaCrypto/status/618317572094750720.

Exchange is currently up for me.

That was a typo in a link directing to Versa market. Is now fixed.

Will this coin have the volume of btc or be bought in one hour? I don't know, i'm drinking, and drinking, and drinking. I am not an alcoholic, i seek shelter form biting winner winds.

C-Cex...  ::)

When ico close

The crowdfund will last for 10 days from now or until it's sold out. If you didn't manage to catch up on the details, please refer to the OP. The end date for the crowdfunding will be 07.17.2015 6:46 UTC.

Here is the update on how the network will be maintained, set, and, in particular, how Versa will validate inlets and applications in a decentralized way. Our platform aims at improving blockchain's feature kit to record hashes of your personal data into inlets and itself is a trustless ledger of records built atop of a regular blockchain that allows you to store your hashed data in chains of single cells named inlets. By analogy to the bitcoin blockchain, system works pretty simple.

The audit parties on the bitcoin blockchain are miners. They perform two tasks:

1) resolve double spends, when they see two conflicting transactions that spend the same funds twice, they decide which one is admissible;

2) include only valid transactions in the bitcoin blockchain, thus the one that is included can be assumed to be audited.

Because the Versa protocol is constructed of a three sets of blocks (inlets, inlet blocks and index blocks), its way of data validation is different. We split the miners job into two tasks:

1) recording inlets;

2) auditing inlets for validity.

Here are three primary principles underlying Versa ecosystem:

1) ruleset for adding your inlets to your chains;

2) trust system similar to what Counterparty and Colored Coins have, the difference being that transactions are embedded into Versa blockchain instead of bitcoin blockchain.

3) Satellite nodes.

Auditing system in Versa will be similar to bitcoin. If the rules for transaction were audited by a large number of applications, then a particular app could download the relevant data and run the audit itself. An auditor (application or user) will build an awareness of the network state as it downloaded, verified, and decided which inlets were valid or not. Inlets with your hashed data will be audited by other users and applications at the time of the inlet ordering, in accordance with your specified ruleset, and stored in the Versa blockchain when they are considered as valid.

How does it work.

Versa blockchain is just a blockchain, and will serve as a client-side validated database for Versa trustless ledger, and storage of your hashed records. Versa ledger will have a separated token - Antidote, which will enable users to create applications and inlets  - which are containers of your data.

A user signs up to Versa account, and burns coins obtained from the crowdfund for Antidotes. With Antidotes, user can now purchase an inlet - user burns their Antidotes for inlet and specifies hash of inlet in payment, then publishes inlet for inclusion in inlet block.

Satellites accept these inlets, assemble them into blocks, fix their order, and, after a time period, an anchor is inserted into the Versa blockchain. We'll do this this by creating a hash of the data collected over that time period, then record the hash into the blockchain.

How we will accomplish this.

1) First, we'll bring the Versa ledger to the alpha testing stage when the coding is done and we require feedback on the fine details. Then, after we confident the platform can do the job, we'll bring it to the official release along with HTML5 framework that will also include web-wallet, Antidote asset exchange and inlet control center.

2) We'll set up Satellites and implement distributed hash table to help nodes find peers on the network.

3) We'll set up the basic ruleset for submission of the user chains.

4) We'll set up the conversion rate of Versa to Antidotes at the cost of comparably sized Versa transaction.

Platform is up and ready to use.

About our code. Our code will partially be closed in order to ensure the security and reliability of the codebase being fully tested and serving our needs without copypasting intend and republishing of our repositories. We'll however further consider applying a permissive license to a certain components of our codebase, nonetheless the major part of code for Satellite infrastructure will be heavily audited and kept closed though we believe this won't hinder innovation, and sharing ideas and strategies will allow us to adapt with changing needs.

Whats mean "Antidotes"?

I think I have a vague sense of what it is you are trying to accomplish.  It sounds interesting and innovative.  Of course it remains to be seen if you will deliver on anything or just bounce with the BTC.  I'm not trying to FUD, just stating the reality.  Unfortunately most ICOs, and altcoins in general, are scams at worst and failures at best.

Will the project be open source from the get go?  If so, what is the ETA on seeing some original code in the github?  If I understand the roadmap correctly, I figure we aren't going to see anything new when the ICO is over and the wallets are available to download.  It will just be another POS coin until the rest of the platform is delivered.  This is also, sadly, the route that pretty much all scam ICOs take so we will just be crossing our fingers and hoping you deliver something like usual.  Again, not FUDing, just stating reality.

How will the project get completed if this doesn't see much investment?  It sounds like an ambitious project, especially when you get into the distributed computing stage.  How would you and your team be able to get all this developed with only say, one or two dozen BTC of funding?  How large is your team for that matter?

EDIT : I see you address the issue of open vs. closed source.  Hopefully it eventually goes open source, as closed source is generally looked down upon around here, but I understand wanting to protect original work for a time period.

Ico + pow = disaster for ico buyers, heaven for dumping miners.
GL I'm OUT.

Antidote is an apptoken you use to obtain inlets, vote for Satellite nodes and create decentralized apps. Antidotes will be completely derived from Versa coins and managed on a special Antidote blockchain.

You create you chain with your chainID, submit an inlet payment using Antidotes, Satellite nodes accept the payment, broadcast the acceptance of your payment to all other nodes, create inlet block for that chainID and add your inlet to newly formed inlet block.

Consider this as a blockchain solely consisting of hashes of your private data.

Versa currency will be open source. The code for components which are non related to Versa cryptocurrency itself, will be distributed under a licencing agreement to authorized users with private modification and copying, and, partially, may either be released under APGL meaning non-commercial tag as well the editing restriction is applied, or may be kept non-public (in the near future).

We'll have multiple unofficial releases:

1) An early alpha stage release to gather your feedback and contributions to improve the basic specification, although this prototype will not be reflective of the final potential of Versa ledger. The code will be open source and available to view via github repository in late July.

2) Source libraries for Antidote, Satellites implementation, supplementary cryptography libraries, websocket implementations, tools and API's for reading chains will be released in early August.

3) Press-release and online publications announcing news-worthy information and platform background.

We'll officially launch in August, there will be needed several actions for the alpha-build, making us unable to give more precision on commit deadlines, but we reserve the right to push the exact date back and forward in case we encounter developmental issues.

We have three members in our team, everyone is clear about his role and empowered to do whatever it takes to build up the necessary tools, part of coding and equipment to bring our platform to life.

However, if the total amount pledged through this sale will not be enough to fund the development and disallow us to run an effective campaign, we'll use our personal finances to support the project. Versa has been the product of sleepless nights and days of hard work, and will evolve despite a lack of funding.

There is no POW here, we'll go pure proof-of-stake after the initial sale ends.

can i stake on the android wallet? or only pc?

Thank you for answering my questions.  If this were a scam, I would expect you to be shilling a bit harder.  To me, that lends the project a bit more legitimacy.

What is in it for you guys though?  I understand at some point you and your team will most likely buy some of your own coins.  Thats kinda the glaring fault with ICOs, since those coins end up being free.  It's just the way things are though so I'm not really worried about it too much.

But is there a business model you haven't revealed yet?  Is the plan to make money selling licenses to the different components?  3 skilled developers aren't typically going to spend their own money and time slaving away at a project for no financial gain.  Which is very understandable, a man has to eat.

Yes, you will be able to stake on your smartphone, set up tor if needed + geo/local trader based on Satellite validation, meaning Versa servers will help binding an agreement between buyers and sellers and escrow your local trades.

ok thats great!
 
will the android wallet be avalible as soon as the pc one or a bit later?

We won't sell the licenses... Closed source is actually a sort of easy, but we won't go 100% closed source, and won't keep it open source either. We'll have the inbetween consensus ready for the unnofficial launch of our alpha-build.

The point of restrictive license is that the codebase will be available for distribution to developers who need access to sources in order to build their project, that happens to be open-source, but we will require anyone who distributes derivatives to publish the source available under the same terms.

We would not be able to make clear business predictions because:

1) it is difficult to maintain market position when we're in the stage of ongoing crowdfunding campaign, i.e very beginning;
2) yet we don't control our distribution network and can't delve into details that can make or break our project - balance sheets, cash flow, budgeting;
3) we haven't finalized the question of timing but we sure it will have financial consequences that affect our overall planing model.

When we deliver our value, platform will rely on clear definition of benefits we provide to store your data via inlets, and that, we hope, will state our strategy for ensuring usability and client satisfaction.

Will be up a bit later, after we establish our value proposition. We'll provide wallets for mobile platforms in a few days after the launch. However, after Satellites are out, we'll be able to equip wallets with even more auxiliary features.

How many coins did you sell until now? I discovered this coin only now. When the ICO will finish?

Hi,

we sold 430K Versa, which is around 1.7 BTC. The Crowdfund ends on Friday the 17th, in one week from now.

Btc raises, US dollar equivalent of any amount gets bigger, but this seems like a very very little.

You should probably correct this then:

Yes, yes, I've been told this multiple times. Fixed - 07.17.2015 6:58 UTC.

I will probably buy near the end of crowdsale (or when there are few coins left).

Is there a minimum ico fund for this? I mean shall you work on the project even if crowdsource is not enough?

This question has been brought up several times, try reading through the past comments. The major part of coding is in the works - yes, we'll be working on the project despite a lack of funds received through this crowdfunding.

Ummm so you have a blockchain and...? What is the news here exactly? Your just like describeing things you can do with a blockchain that doesn't make this coin anything special from the 1000's of cryptos out there by now...

Yawn

What will happen to the remaining coins from ICO? What is the incentives for devs? Did you bought coins from ICO or will some portion of coins distributed to devs?

Concept sounds promising.  I'm throwing some BTC at this ICO.  I'd rather the funds go to the creator to develop this tech than to the rented out miners at NH or MRR. 

What you fools that FUD ICOs fail to realize is that your BTC go to someone else no matter what - would you rather it is the DEV that will have a vested interest in the coin or to Chinese ASIC farms?  Or do you prefer the Chinese ASIC farms running scripts rape the hell out of POW phase and dump at 2% above mining cost on exchanges when the coin lists?

We capture what really matters by keeping the features on the roadmap coarse-grained, and derive them from the pseudonews. We're defining what will be done and what we're working on. We have a preference to derive the project backlog from the roadmap when developing a brand-new cryptocurrency tech, that's why we're resisting the temptation of saying "We already have news", we'd rather say "The news will arrive along with our github commits" to emphasize that we will not be able to commit to more than we can we handle.

Instead we will leverage our ideas and knowledge and help ensure that our roadmap is realistic and actionable, and meeting a deadline is more important for the success of your pltaform. Haven't you noticed, in this (https://bitcointalk.org/index.php?topic=1111714.msg11831255#msg11831255) post we're giving the rough estimates for the completion date of the first stage of our roadmap, including refining some of our code prebuilds. We might slightly shift back the target date for exhibition of our code if we incur issues with meeting deadlines, to be able to roll out once we are ready, within the suitable timeframe.

The remaining coins will be burned. There is no secret way of distribution other than genesis block, and the unified price is introduced for all coins available through the crowdfund providing we will not get the indirect rewards.

If anyone is looking to invest in this coin, for C-cex hosted ICOs I'd recommend to wait for the dump after ICO ends, more than half the time there are those idiots that wind up selling at a loss  ::)

im looking into it but awaiting some volume, theres not much coins sold,, id like to knw whats the min amount needeed to be sold?

if that doesnt happen refound?

Going like hotcakes now.  Glad to see this project getting some attention. 

This answer reads just like the op, fluff.

Under no circumstances will this crowdfund be considered unsuccessful. There is no definition of (target for) min. selling amount.

Why would that be?  Move the decimal place around all you want, the protocol will still function.  Anyway, nearly 9 million more are going to be created during the DPOS period.  Stakes will be juicy if only 4 million coins are sold.

18 BTC sold on this ICO thus far - and they usually have a mad dash just before the closing bell.  Bought some and have a buy in below ICO price, hope to scoop some more that way, but it isn't looking likely.

I'm just going to say that this is might be a classic pump.

https://twitter.com/VersaCrypto

Until a few hours ago, the twitter account was spamming with buy Versa tweets and now it's all deleted. Even I saw a tweet that saying Versa will be 3000~4000 satoshi soon.

This could be worse than "noticed pre-mine". All the dev(s) have to do is buy Versa with their own bitcoin and pump the volume and hold something like 80% of the coins. The dev(s) will get their bitcoins back anyway from ICO.

Just my opinion.  ;)

The ledger itself will function either way despite of the amount burned. If you're worried about the high value transactions, we can assure you that the network is not primarily designed to transfer only Versa value. There could be transactions organizing medical records storage, entity's accounting records, trading logs, transportation receipts etc. These transaction will only provide evidence of publication and instead of being written into the blockchain will be recorded in inlets, there will be no capacity issues.

Yes, there were lots of tweets - promotion is promotion. But we're not deleting them. You can read through all our tweets published in a time period of 20 days and check for yourself if any of them had been deleted.

If you don't mind me asking, what country are you and your team located in?  Your English is very good, but some of your posts and tweets are awkwardly worded in such a way that it is clear you are not a native speaker.

I'm from Europe and currently living in Australia. Two other men related to the development are hungarians. They're holidaying in Australia and helping me with the project.

Alright, 1 hour left until the sell wall goes offline. Versa market looking just awesome.

ICO close/live market or wallet yet? :D

still no action from ccex

waiting for live versa market

Dev, give us info about ICO and max number of coins

Approximately 8.3 Million Versa sold to backers. Wallets are ready but we will not be able to update the OP with relevant links until this sale ending. All signs are that the crowdfund keeps going and nothing can stop it atm. At this point, we're glad seeing this sale unstoppable. We're very excited to inform you that we'll be pushing the BlockchainOAUTH code to our github repo in just a few days.

dev can we have addnodes to get ready for c-cex coming back from cocaine party

I Am assuming that Everything that was bought after deadline will get cancelled, because otherwise it would be unfair for People investing before that.

Yes: 84.200.25.202. We have more nodes, but they have been on pending status for over 18 hours now. We're waiting for our VPS provider to wake up and get us an access to control panel.

We would not comment on this, but this situation is quite unusual. All we can do is wait.

With at least one failed deadline at bittrex they did exactly that. (refunded late buyers With their btc)

it is not unusual for CEX
they do it every time

Twitter has put an end to our promotional campaign. We're unable to tweet, send PM's and follow people. Seems like they locked us for the abundance of activity seen in the past 24 hours on Versa account. Would anyone be able to promote us?

I'll do some tweeting to help you out.

Thank you.

You are confusing C-Cex with a reputable and reliable exchange.  This is standard operating procedure for them, I counted on it.  The marketcap on this is still very low anyway so I wouldn't sweat it.  Just get your coins out of there ASAP and wait to trade on a decent exchange.  C-Cex is trash, never leave coins on there.

Thanks, good to see cex didn't stake any  ;D



{
"version" : "v1.0.0.0-g32a928e",
"protocolversion" : 60013,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 23,
"timeoffset" : 0,
"moneysupply" : 28292000.00000000,
"connections" : 1,
"proxy" : "",
"ip" : "",
"difficulty" : {
"proof-of-work" : 0.03124984,
"proof-of-stake" : 0.00390625
},
"testnet" : false,
"keypoololdest" : 1437119101,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"errors" : ""
}

when ico finish?

Nobody knows that.

Is it a long live ico? Or ico will never end ever?

why is the freakin ICO still open. C-cex sucks. They better refund late buyers.

Have been 11hours since ico ended wtf with that shit exchange???

First off, this situation is not easy to handle for a dozen of reasons. Your "late buyers" may not wish a refund. In all honesty, we see no point in purchasing on a coin if the only type of motivation that keeps you going is a refund you so truly desire. They will decide on their portfolios without someone's else interruptions. 1/2 of the crowdfund wall is what the most of the buyers usually find sufficient.

Please keep this discussion civil if possible.

Bad move

By "Late buyers" I mean the people who are buying right now when the ICO is over according to your OP. They should be canceled and refunded. The %50 buy wall is going to get demolished if they aren't. Early investors will be pissed.

We hope you understand, we're not going to decide themselves. As stated, we'll discuss this with exchange owner.

"Late buyers", "latecomers"... Whether they should be refunded or not, we'll discuss later. For now, all you can do is wait and stop fudding.

not fudding, this isn't my first rodeo. lol Just trying to figure out your gameplan for this situation. So I'll wait and see,

I slated this coin at the start for not going the POW route and still stand by that, but I have to admit that this isn't the devs fault that C-CEX has let this ICO keep running

4 btc buy ouch

So ICO will run until all coins are sold?   ???  https://twitter.com/VersaCrypto/status/622105275781251072  If thats true hopefully you guys deliver.

Its considered as a liar if that happened,the ico should close as the time stated on this thread without any delayed the fact that now is over 14hours ico still running,wonder who is running such as professional Exch

damn thats rough, so only the pre-sale buyers will be able to stake the rest of us just need to hold all the VERSA we bought as dead value till you choose? damn i would not have bought if i knew i would have 2 weeks of dead BTC to hold now :( i saw 3 hours left on ICO and figured the project would start inna few days, heck even the dev said in PM wallets would be up 10 hours ago :\ cash GRAB :(

Next time stay away from that EXch and you will be happy

The problem is C-cex.  No administrators have been around all day.  I guess they just let the exchange run on auto-pilot all weekend.  Really professional.

nothin to do with CCEX, check Dev's twitter, he wants the whole 100BTC before closing the ICO. no productes or wallets till he gets his 100BTC. ICO will not end by HIS hand, nothing to do with CCEX

I'm glad I didn't buy into this ico.

This is completely a liar he said ico for 10 days i regret to bought this now my btc stuck on this crap

The chain hasn't moved since the ICO was launched.

If this is true this is fraud, and Ccex should do the right thing and put up a 100% buy wall, refund trade fees and keep the dev's ico fee. All they have to do is check the OP and confirm when the ICO was supposed to end.
Either this is Ccex incompetence or this dev should get nothing.

I built a wallet from the source. I'll let you guys know if the chain starts moving before anyone is allowed to move coins from C-Cex.

Well THATS re-assuring, i would ask you for the source for the community, i will complile it myself check it out, but im sure you will say he gave it to you in a PM and you cant share it or something lol.

i (and we all) will just wait and see on this one, thanks! but https://twitter.com/VersaCrypto/status/622105275781251072 sure sounds like we all will have coins just sitting on exchange for a while that we cant even sell/move/stake/etc and either way changing the rules to extend the ICO is not cool and theres NO excuse for that, even IF the blockchain hasent moved, sorry

Dude the source is right in the OP, and anyway I was just telling the other guy who was worried people from the pre-sale were going to be staking.

sweet your right , it is, yesterday when i checked that repo was empty i shoulda checked today lol . I just hope the ICO ends before 100BTC, its crap to have changed to extend it, and i dont think its fair for community.
I will PM the dev and ask if i can complie and share the wallet, since hes for some reason not, but they might have a good reason so see how it goes

Just waiting and waiting for hours plz tell us what wrong with this

Dear devs, i know it will be tempting not to take all the free cash flowing in, but you DO realise that this coin will be tainted forever for poorly executed unfair ico if you won't least try to fix this somehow... You said that "maybe people won't like to get refunded". Yeah, of course THEY won't, they just bought it. But i freaking do! ( if you don't at least TRY to fix this). Many of us did the math of buying close to "deadline". Now this is starting to sound like a crowdsourced holiday AGAIN.

This statement is absolutely irrelevant. You should have known before you posted this that withdrawals and deposits are disabled and regardless of whether the chain running or not, you will not be able to move your coins.

We said clearly that we're not in charge for the deadline delay. There’s no longer going to be any kind of slowing down and taking it to the point where people wonder "What happened?". Yesterday we stated that our crowdfund could possibly sell out assuming it will last for a while. Please notice, we said "Presumably". We will not under any circumstances be held responsible for the delay inflicted, and will not be able to take approach to these concerns at the moment. The fact the sale keeps running is currently beyond the control of ours, and there is no countermeasure against preclusion people from buying we could constitute. Please be patient.

I don't see how that is true. CjMapope was worried that the pre-sale (I'm not sure which) buyers would start staking before the coins were allowed to move from C-Cex. The fact that the chain has not moved proves this wrong.

If the chain does not move then we know that no staking is occurring. Why is that fact irrelevant?

All this fud is irrelevant simply because exchange does not stake no matter what is the chain state. We hope you got the point. Again, here is a brief recap: no withdrawals, deposits, staking and trading is allowed until the crowdfund ends. Wallets and block explorer will be up after we close this sale and the market is officially disabled.

people can u please shut up ---The PROBLEM IS CEX staff is sleeping thats all



when they get up they will close the ICO  ( not sure what exactly what happen, would the late buys get refunded or nothing will happen )

there is not staking or any bullshit as long as ICO did not end ( Read CEX rules for ICO )

So we're going on what, 20 hours now? That's a long nap

maybe they were partying hard :D 


https://s-media-cache-ak0.pinimg.com/736x/0b/d2/01/0bd2012ac8cc270fdc4a9af7fa11768c.jpg

+1 Sir

They still not burned TAM coins from ICO, what ended 2 jule.

Hi folks!



It seems c--cex owner is on skype, according to this edited chat paste from the c-cex trollbox;


RoccoSiffredi: @presstab, ccex owner is online at skype . did u ask for xra ?
...
...
...
...
presstab: @RoccoSiffredi, i am in chat with him. ty for the update

____________________________________________________________________________



Could the VERSA team please contact the c-cex owner (yuri?) on skype and finish the ICO ?!

Just wondering why c-cex dont want to close the ico

they want to ... but they are asleep watch the posts in previous

C-cex is offline on skype. What do you base your assumption on? You should not trust everything you read in that chat.

Well support at Cex was just online banning someone and post an emoji with a cup of coffee.

Nothing else...

Wow, first dev to ever delete my post.  This is a red flag for me.  Why not defend what I posted instead of deleting it?

I bought in on the ICO so I am just weighing in.


-tb-

this JUST posted from C-Cex support in chat:

Support: @vade74, announce about this situation is coming shortly. No serious issue here. Just possible misunderstanding.

i also had posts deleted, and am also an investor so was just voicing my own questions/concerns. good way to build a community :\
i even offered to complie a wallet free of charge for users so they could check out SOMETHING of a product here. i fear how this will all go...

Alright, here is how it went (though we're a little embarrassed at this matter):

1. Before the coin launch, c-cex owner has been asked if we can manipulate deadlines provided we officially announce this. That was a completely hypothetical question.

2. C-cex owner agreed provided we have an announcement saying the deadline is postponed.

3. We've not received a word from c-cex owner at the time of the crowdfund (and countdown) ending. We did not contact him either, because we thought he hits us up. This led to a little misunderstanding.

4. For whatever reason c-cex owner thought we're extending the crowdfund, despite we never posted that. We have never told him to extend either, and recently, have stated that we're not responsible for the deadline delay, which is true, because we had no clue what happened.

5. Despite multiple tweets and support tickets c-cex owner kept thinking, that extension is taking place.

6. We finally contacted c-cex owner and asked to open the trading.

We're sorry for misleading. Market will be live shortly.

At least it's sorted. Have you discussed what happens to late buyers?

hmm shady...    PoW, i thought only PoS coin?

Lol comments getting deleted left right and centre. Where's that line of code gone that someone posted before

here it is


Quote from: MantaMine on Today at 10:00:09 PM
Code:
static const int64_t nTargetTimespan = 60 * 60 * 6666;
unsigned int nTargetSpacing = 25; // block time 25 seconds
static const int64_t nInterval = nTargetTimespan / nTargetSpacing;

Interesting bit of code

Might i ask what does it mean ^.^

Thanks. Real shady with what the devs doing. Didn't say it before but  even the excuse earlier for c-cex leaving the ico running doesn't quite add up. Now the devs deleting everything to do with his own code, no response at all

This could allow for 0-reward PoW block finders to beat DPoS block finders to the punch. Potentially game the DPoS supply.

What about the code above? And why is the dev deleting everything

Wish I knew! Waiting on seeing some screencapped discussions taken before they got deleted

Please stop fuding. This means that POW difficulty readjusts every 6K hours. This timespan is chosen for a reason.

1) To cover the DPOS period which will last minimum 5K hours.

2) To make the block time period more constant and convenient for pulling the data references to inlet blocks.

3) Initially we planned to adjust the Satellite heartbeat period to the time period of a newly formed block on Versa blockchain which is 25 seconds. However, we'll expand the heartbeat timespan to 3 minutes. It's not officially, and we have not yet published the official whitepaper. Please carefully read the OP and have patience.

We're deleting irrelevant comments because it's time to clean up this thread from fud attempts. Tomorrow we'll hire a community manager.

discussing posts is better than deleting posts .....


i don't find anything about FUD attempts in my post that was asking about what does a line of code means nither the post past it that was asking YOU what does that line of code used for

Any reason for the Genesisblock being from 13. APRIL 2015 ??

https://github.com/VersaCrypto/Versa/blob/master/src/main.cpp#L2583

(Check here: http://www.unixtimestamp.com/index.php)

And its also no news event:

https://github.com/VersaCrypto/Versa/blob/master/src/main.cpp#L2581

??

Just asking...

Just to make this clear. Spending 2 minutes writing what you just did and addressing what's being said in your thread actually inspires a lot more confidence in everyone as opposed to deleting the comments.

Thank you ocminer, notsofast, and mantamine. I as well as many others appreciate it.

Is it a problem for you? "no news event" - this is the most ridiculous statement so far.

We'll delete posts quoting fud. Please be civil here.

Ah you just deleted my other Post..  

Thanks for confirming my thoughts :)

We addressed that concern. We don't see any problem with the date genesis block was made.

"market will be live shortly" ANOTHER 3 hours later... still waiting... and this upon 20hour late delay already... BAH...
any word on market or wallets or any product or..?

In case you'd like to address the community's concerns in an unmoderated forum:
https://bitcointalk.org/index.php?topic=1127722.0 (https://bitcointalk.org/index.php?topic=1127722.0)

A 'Good Move' for once?

Desktop wallets are ready. iOS, Android and web wallet will be up in two to three days. The market will be online as soon as possible.

The unmoderated version
https://bitcointalk.org/index.php?topic=1127722.0

Did the c-cex owner actually tell you the market would open soon?

The market will be up shortly. Which part you don't understand?

"Which part you don't understand?"

That it's been 5 hours since your "market up shortly" statement. 5 hours ain't "shortly."

The market will be up as soon as ccex owner is available.

Alright. Few more attempts to fud our project and your childish comments will get deleted without warning. This is fair and friendly reminder.

That is fair enough and it is great that you are here and keeping up with the thread.  This is a wonderful technical plan to store data in the blockchain and the high reward dpos staking is a great incentive.  I would love to be able to put my coins in my wallet and start building coin age to stake with right away!  Would you be able to share any addnodes for the wallet so I can make sure I am at the ready as soon as the market opens to withdraw my coins to my wallet?  It would be great to make sure my wallet is connected to as many nodes as possible right away so I am in sync and ready to go!  Do you have a seed node you can share?  Thanks!

Stop fudding guys. A little delay, nothing more. Let´s get this chance to buy more.

How can I say I do not like fudd and I think until it predicts the contrary we must give as doubt and not accusing. Even to preserve certain who end up investing money in it at first, I find it strange that after finishing sales appear now that kind of question.
And so to make it clear I did not buy any currency, nor am on the side of dev. just following the course of it.

made no sense bro..  ???

Exactly. Finally intelligent people speak about this project.

You know if something goes wrong he can´t run with the money right? C-cex will hold the fund till all is working right (wallet and blockchain).

Welcome to Crypto World... ALL THE ICOS are the same. Or you really think one new altcoin will change the world? Look at Ethereum raised MILLIONS and after 18 months there´s nothing done not even a wallet.

Go to ethereum, viral, circ, and all the other ico coins, make some fud see how you get your messages deleted inmmediate.

Please do not quote fudder's posts with big bold letters. This just hurts the project. Thank you.

You crossed the line here. Drop your attitude. This is the last warning.

It's not fud, I'm helping the coin out because no staking = no one has coins outside C-Cex = not a scam.

Do not accuse me of fud if you do not understand the content of the post.

I predict the future, the developer writes fuders all, no one likes him, close the topic and leave.

Where the fuck are the C-Cex admins?

Altcoin11 is reported to moderators. Ban requested.

Let's keep this civil.

A kid whose posts we deleted is trying to mine extra blocks and compromise the network. Don't worry, we're good now, it's just an attempt to gain some attention.

Withdrawals and deposits will be disabled. The market will be closed. We'll make a fork.

yay, now THAT should only take, o, just another 56 hours? :\
tg this fail ICO was killed by community before it even left exchange

Despite the blatant timeclock issue demonstrated by MiningFool in the unmoderated thread, I believe you when you say you had other assets ready to deploy.

If you manage to run a successful refund campaign with C-Cex and undo the compound damage done there, I will support your new fork.

^^refund ~52 BTC... over his cold dead body he'll do that willingly.  The only hope for that is for c-cex to abide by its ICO rules posted in their page.  I've had good experiences on that exchange, I believe they will make this right by the community.

And what happens to our investement?

just got this... why is it that c-cex support answers to me in minutes and it takes days for versa team to reach them?
https://i.imgur.com/vh01YkN.jpg

Please end the ico, a lot of people are waiting for it to end.

This is harming the reputation of both c-cex and versa

versa dev stop blaming c-cex and tell them to stop the freaking ico they are waiting on YOU.


https://i.imgur.com/i6mByz5.png

Apparently the Dev told us when ico would end, but told Ccex to run until it sold out? is that what I'm getting here?

Guys, the rule is simple: never buy an ICO from C-CEX.
Admittedly this is a scam like always before.
This exchange is controlled by pump&dumpers and scammers and now seem to have hired ICM to try to make their scams look as a good and inovative coin.

Exactly

https://i.imgur.com/4kGW52p.jpg

[img]https://i.imgur.com/pQswhxL.jpg[/img


also this is their reply to the last question of the ICO time


and again sooner is better for start trading as time passes investors lose both time and money that should of started 2 days ago ... and thanks for clearing things out
[8:33:56 PM] C-CEX.com: sure. we will act if they pull it too long

VERSA dev is lying, and why is god's name is the dev allowed to arbitrarily extend the length of the ICO as long as he pleases anyway.  Shitcoin, shit exchange, give me my BTC back.

what a joke, c-cex is just as bad, hope they shutdown

wow, what a fail, and this DEV still trying to hold our funds ANY way he can :( excuse after excuse, C-CEX DO WHATS RIGHT. I personally am avoiding C-CEX after this, total BS and zero support for users, they want the BTC as bad as this DEv, and they are dragging out ANY way TO GET IT! :(
shame on you C-CEX, i will no longer be a user there if you choose this shit dev and rip us all off

It's looking more and more like the Versa dev is Ccex admin - same person. What else would explain Ccex 2 day late ridiculous response that they are waiting for the dev to end ico? Nothing else explains it.

I think they are covering each others butts.  Obviously this project was not ready to go live, and they are stalling for time to duct tape it together

Just another scam alt coin

There was a little delay. We're working on the new source. Will be up very shortly. We redesigned POW duration and POS block rewards. We had an issue with our VPS provider, and could not get access to some of our nodes. We're on it atm.

"we fell in a pool, the dog got out, our cat ate the wallet source, our HDD died" like OMG how long will this go on? the CRAP wallet clearly dosent pass C-CEX rules for an ICO wallet source, why is this even continuing? :(
no more c-cex for me thats for sure :\
o but THEY ADDED XRA!   -_-

Best thing to do is RT anything to do with this situation to get the word out.

https://twitter.com/search?q=%24versa&src=typd

Hmm a lot of drama here looks like fun ;D

A dev from Canberra hey that's pretty local

so anyone still believe in this coin wanna buy some VERSA? :) i dont think ill ever get my BTC back so if anyone does i can make a C-CEX voucher code thing and will sell you mine. PM if intrested.

 ;D ;D ;D ;D ;D ;D ppl crying hell yeah :P
happy to saw this scam like spc did

I will buy all your Versa at 200 sats each.

well i thank you for your offer. its nice to see someone willing to help out a bagholder (pre-bagholder?) You know its hard to say though, the option of a guarenteed 50% back on my invest even looks good right now sadly :\ but it may be worth entertainment value to just be a part of this shitfest. ill consider it, and PM you if i do wanna just take the hit and walk away, thx!

How much Versa do you have?

PM'ing u. Tho at this point 100 seems "enough" :\

If i may ask without a seeking an answer from this forum mess... What's the POW duration?


If it was a pure POS


Edit: Never mind, i looked it up, ignore this.

IM BUYING ALL THE VERSA. YOU CAN SELL ME NOW ALL YOUR VERSA WITH C-CEX CODES. We can use scrow if you want.

15422205.73 VERSA worth 63 btc still available at c-cex, feel free to get some

Why? If I can buy cheap versa from all the people shouting scam. You get some of your money back and I assume the risk.

We do not have response from versa team for 24 hours already. If they don't respond in 1 hour - we will close ICO and put full buy wall at ICO price.

I am glad at last you have an action

good news :D

Wait, Wolf wants to buy the rest ;-)

We do have response from versa team. They prepared working wallet and we are testing it now. Once we make sure it works fine we will open it for deposits and withdrawals. Also we will put 50% buy wall as stated in our rules.

How much time it will delay?

+1 4 ccex (finally you're faster than ico dev :D  )
sometimes you'll need to punch someone

Horseshit.  When everyone was complaining yesterday, C-Cex didn't say anything about giving the VERSA devs 24 hours to respond.  Now, you show up like the good guys "we will put up full buy wall if we don't receive a response in 1 hour", and miraculously VERSA dev pulls through at last minute with a working wallet like they are Jack Bauer and we just returned from the last commercial break of an episode of 24.

Lies.  This was a ploy for C-Cex to save face and pretend they aren't the developers.  Anyone with half a brain can see that.

It´s obvious, but silence, i want to make profit  ;D

+1

Guarantee that buy wall is gone instantly from their own buys. 

Now that sounds like horseshit hehe

Nice played C-Cex.com fucking scammers. 19 BTC IN ONE SELL. LOL

Trading is live.

Nice played C-cex... You launch the coin and buyed your own coins...

19 BTC IN ONLY ONE SELL, AND IF YOU LOOK AT THE CHART, NOBODY BUYED 19 BTCS

http://i58.tinypic.com/jj2s04.png

http://i58.tinypic.com/2ln7p94.png

I get banned in the chat for telling that C-cex was the one selling that 19 btc and this is what they answer to another user:

http://i61.tinypic.com/vook6d.png

C-Cex also puts a 4 btc wall at 101 sats? Why? To prevent of putting a full buy wall:

"6. Provided that the ICO is successful, C-CEX will freeze the ICO proceeds for 5 days in order to achieve the following: verify blockchain & network stability and adherence to the stated ICO/coin parameters; provide a buy-wall of 50% of ICO proceeds in order to provide traders the possiblity to exit from their coin investment at cost. If sell orders price fall more than 75% of the original ICO price, during the initial 5 day ICO fund holding period, a full buy wall will be set for 2 more days at the initial ICO price. The ICO funds will continue to be frozen during this two day extension."

http://i58.tinypic.com/30lffjo.png

20 seconds.  Ccex = scam.  Done with this exchange.

https://i.imgur.com/z4a7Cto.jpg

Well, Ive dumped over 100,000 for about 125 sats, best decision ever,  scum devs, and scum exchange, I will NEVER trade at c-cex again

C-Cex also puts a 4 btc wall at 101 sats? Why? To prevent of putting a full buy wall:

"6. Provided that the ICO is successful, C-CEX will freeze the ICO proceeds for 5 days in order to achieve the following: verify blockchain & network stability and adherence to the stated ICO/coin parameters; provide a buy-wall of 50% of ICO proceeds in order to provide traders the possiblity to exit from their coin investment at cost. If sell orders price fall more than 75% of the original ICO price, during the initial 5 day ICO fund holding period, a full buy wall will be set for 2 more days at the initial ICO price. The ICO funds will continue to be frozen during this two day extension."

http://i58.tinypic.com/30lffjo.png

You know the best thing, DEVS can abandon all this now amyway as it will soon be trading at zero. Win win for all them

And the next ICO is already on the way :-)

OP is updated with wallets. Block explorer to be up in few hours.

fuck you

He is C-cex Owner.

Ccex

Was C-cex:

Nice played C-cex... You launch the coin and buyed your own coins...

19 BTC IN ONLY ONE SELL, AND IF YOU LOOK AT THE CHART, NOBODY BUYED 19 BTCS

http://i58.tinypic.com/jj2s04.png

http://i58.tinypic.com/2ln7p94.png

I get banned in the chat for telling that C-cex was the one selling that 19 btc and this is what they answer to another user:

http://i61.tinypic.com/vook6d.png

C-Cex also puts a 4 btc wall at 101 sats? Why? To prevent of putting a full buy wall:

"6. Provided that the ICO is successful, C-CEX will freeze the ICO proceeds for 5 days in order to achieve the following: verify blockchain & network stability and adherence to the stated ICO/coin parameters; provide a buy-wall of 50% of ICO proceeds in order to provide traders the possiblity to exit from their coin investment at cost. If sell orders price fall more than 75% of the original ICO price, during the initial 5 day ICO fund holding period, a full buy wall will be set for 2 more days at the initial ICO price. The ICO funds will continue to be frozen during this two day extension."

http://i58.tinypic.com/30lffjo.png

And the same dev puts a 4 btc buy wall at 101 sats to prevent this?


6. Provided that the ICO is successful, C-CEX will freeze the ICO proceeds for 5 days in order to achieve the following: verify blockchain & network stability and adherence to the stated ICO/coin parameters; provide a buy-wall of 50% of ICO proceeds in order to provide traders the possiblity to exit from their coin investment at cost. If sell orders price fall more than 75% of the original ICO price, during the initial 5 day ICO fund holding period, a full buy wall will be set for 2 more days at the initial ICO price. The ICO funds will continue to be frozen during this two day extension."

Let me tell you that c-cex also stakes every single POS coin. They didn't shut off staking on Vanillacoin before they corrupted the wallet (they didn't refund a single investor and pushed the blame on others), this is known since we had to deal with the corrupted wallet. They also have terrible security on their exchange, they are a ticking timebomb. I'm pretty sure youre right in that they run their own ICO scams, russia doesn't care on EU/US laws. Yobit isn't a single bit better with their self run ponzi, luckily Bittrex stopped adding the new coins and Poloniex does heavy selection. The faster you guys stop supporting scam exchanges and ICOs the faster the altscene gets it's natural selection rolling and only valid coins will stay. No more 10-20x gains in a single day, but no more scams either.

I think you're the retard, This exchage is dealing with "money". They hosted the ICO. Nobody gets a reponse from them for 2 whole days, while the ICO is still running over the stated time in this thread. C-CEX is well aware of this. They've got the thread linked FFS. They are just as bad.

Right.  The timing on c-cex announcement here and VERSA dev coming through with a working wallet isn't suspicious at all.

C-cex is scammy as shit, always has been, always will be.  One day they will just close up shop and empty everyone's wallets.  Mark my words.

Wouldn't suprise me if he was in cahoots, how can this idiot not see it.

It's possible.  BEST CASE scenario, this was just another fuck up by C-Cex and a poorly managed ICO.  They should never have let the dev arbitrarily extend the deadline.  Why in god's name is that allowed?  WORST CASE, they are in on the scam.

I lean toward worst case, but even best case there is no way a sane person can defend C-Cex here.

Let spread this issue....

all cryptoner need to know how bad is CCEX

Glad you agree man, and you're right, nobody in their right minds would agree with c-cex

Anyone seen second buy wall?

So, how many coins did the ico sell?

DEV, what's next?

Were the remaining coins destroyed?

BlockchainOAUTH test gateway will be live in a few days as we're currently working on it. We're in negotiations with bittrex and looking forward to Versa addition. The market will be listed this weekend or early next week.

We opened the trading an hour ago. The coins that were not used in the crowdfund will of course be burned. We'll announce that.

That is pretty hilarious, but do not quote baby's posts. Kids with their retarded posts may wish to hang out somewhere else.

We hope you understand that we're not babysitters. We will be not able to spend our time on this nonsense. Act like adults.

if you was delete my post, i send again forever

i open a GIVEAWAY for thats scammer. please join:

https://bitcointalk.org/index.php?topic=1128880.msg11925010#msg11925010

C-cex banning everyone:

http://i58.tinypic.com/11wak48.png

where is the fucking wallet?

No wallet, no block explorer. No burning coins, no ico. 100% SCAM.

The silence after ICO ended was enough to tell you C-Cex is behind this scam...  I'm getting all my coins out and moving to Yobit for ICO until they give me reasons not to. 


C-Cex REKT...


-tb-

The silence was cause the C-Cex mods ban everyone talking about versa.

Fuck off, Yuriy.

Versa dev is so incompetent he released a new wallet with 0 TX fees, you can send 100's of spam 0.00000001 TX's and bloat the chain for free.
This means the chain can not be stable and violates CCex rules

edit: already tested, will make an auto spam script later today

I am weary about the wallet as my anti-virus is just removing it very quickly. Not a fan for some reason.

lol @ this bullshit scam

I might be getting something wrong here

But what a way to make an entrance

LOL!

Almost forgot:

http://media.giphy.com/media/s2qXK8wAvkHTO/giphy.gif

^this.   It's the only way to make the situation right.

This is getting really dirty CEX ... 4 mins and its gone and sell orders are way below 75% of original price better make refunds

And Yuri wonders why people don't trust ccex and why it has shit volume ...

So now C-Cex and Versa dev are in collusion?  Sounds like the right thing to do is to offer a full refund via a buywall at 400sat - if C-Cex doesn't do something like that, it's time to get your funds off the exchange, I think.

Explorer up at http://cryptobe.com/chain/Versa.

Well, they didn't so, here we are.

Lol, one of the mods acussing Yuriy (C-cex OWNER) of scammer:

http://i59.tinypic.com/283szn.png
http://i61.tinypic.com/2mdqrzl.png

I guarantee bittrex is not going to add this.

Why not? They add anything. (well anything but nxt assets)

We shall see.

They didn't add $TAM.

Maybe they just don't listen to your suggestions then :)

Just one-time statement for people who understand how things work. I will not answer on any further questions here.

We provide coin exchange service. We also provide ICO service strictly according to our rules: https://c-cex.com/?id=ico
We do not manipulate market and do not take part or related to any of ICO we served. We are simply not interested in this because our earning is fee. Any experienced trader will see if we do so and never deposit any coin to c-cex in this case.

VERSA ICO were extended because versa dev ask me before ICO start if he can extend it. My answer was - yes. So I did not close ICO until I had clear statement from dev to do so. We closed it only after we finally had working wallet and clear request to close ICO. It is not against our rules to extend ICO terms.

I also noticed that one time 19 BTC sell into the wall. I immediately verified this sell and find it completely legit. It was done by one of investors who bought versa absolutely legit for his own btc. I also did not find any relation to developer account with this big sell.

Sincerely, Yuriy, C-CEX owner.

We also provide ICO service strictly according to our rules: https://c-cex.com/?id=ico  "   WHAT? THE WALLET WAS A BROKEN POS YOU CANT TELL ME THAT PASSED YOUR RULES? o wait you didnt even compile it, you just wanted the BTC so allowed this to happen ...total BS, c-cex NEVER AGAIN

EDIT: USERS HELP LOWER C-CEX TRUST RATING PLEASE, WHAT THEY DID IS UNACCEPTABLE

The chain is stuck, can you put up the other 50% wall now?

you can't extend the time of ICO without telling the investors beforehand. How is that ethical? You should own up to your mistakes and put up that buy wall. Plus the coin is still broken. So ICO is still void.

Any experienced trader will see if we do so and never deposit any coin to c-cex in this case.

YES we have seen you do so and now we will NEVER use C-CEX again.

NEVER !

You destroy the reputation of C-Cex for these scam profits.
Whats the point for these ant profits , much better to refund everyone and keep your good name .

Well like they said it is not in the rules that they "can't" change the end time of the ICO. So by that logic "end of ICO" does not imply an end. So anything not expressly stated is okay. Nevermind the fact that the dev was actively and openly blaming C-Cex for the delay. C-Cex can't be responsible for not seeing the writing on the wall. Nope. Pure innocence.

https://i.imgur.com/kDfmg0G.jpg?1

No slack or irc for this?

You likely need someone to help you out. We're making a good fun out of your spam, but eventually, when a spoiled child who worth nothing but a weepie award and rises their mouth and cries too loud, the lesson should be given. Let us know, little hero, when you're going to stop this, because we would definitely like to help you out. And after that lesson, you will never be able to post on forums. This needs to be done anyway, soon or late.

Tell me the reason. Why should i moderate your bullshit in irc channel? Garbage coming in every second will be wiped off without warning then.

i totaly agree.

and i dont care ICO,  i'm angry you easily banned your customers unfair.

https://bitcointalk.org/index.php?topic=1128880.msg11924547#msg11924547

we are your customers, not your slaves. You can't ban we as one wishes.

edit: dont delete my post. i send forever.

Leave your mark on his trust
https://bitcointalk.org/index.php?action=trust;u=220467

What the hell is wrong with you? You made just about the shittest of the shitcoins - couldn't even end the ICO at the stated end time, you have wallet and blockchain problems, the network is a shambles, the buy wall that C-Cex put up was mysteriously dumped into oblivion before anyone without inside info could've done it... Need I go on?  

Everything about your shitcoin is fucked up, at best because you and C-Cex are completely incompetent, and at worst because you are a shitty scammer.  

This coin launch was an utter and complete failure in every way, and all you can do is make fun of people who are pissed off by your utter and complete incompetence (and/or maliciousness)?  

i already reported cex on bitcointalk and on twitter  looks like its working also im not gonna stop HERE
i will KEEP warning people from this exchange dialy and will get Everyone i know to report this on bitcointalk as long as i did not get my money back This will just KEEP going and going

ya , i agree. this dev just being total dick now cause he got the BTC, so now fudge us all :\

Glad to see people are pissed off about this - might be the final straw for these shitty scam ICOs on shitty exchanges.  Well, probably not, but at least this should slow the shitflow a bit.

Well that's a rude way to talk to an investor. Have a nice day.

Lying sack of shit. Trex is not going to add a C-cex scam with a broken wallet, and you aren't about to spend any of your ill gotten gains on Trex, are you Yuriy?

I highly doubt that you delusional parasite.

TREX is what it is today because they understand the value of trust and a reputation. (a good reputation)

i was talking with CEX owner and looks like its no use ...

i would recommend exit i know its alot of loss but after the 5 days end the walls at 100 will be gone and everything will collapse and by now you should know that as soon as he put his hand on the remining money he will take it and be gone the 6 rule of cex ico can't trigger because getting below 100 would need more then the coins existed atm ... and thats your own choices guys

I smell blood in the water.

19 btc dump is obviously from dev. Who else could it be then?

huhahaha glorius dumped so great
 ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D

Inside job with yuri on cex. This russian POS its a blight to the community.  Don't ever trade on this exchange.

man this shit is not from russia, yuriy the owner of c-cex - he is from ukraine

How many coins were sold in ico? And what happens to the coins that crashed support buy wall? Are they burned too? Otherwise c-cex would own like...what... 9.2M of the coin supply? (if i count only that 19btc sell)

Approximately 12.3 Million were sold during the Crowdfund. Remaining 16 Million will be destroyed. Please stop making baseless accusations against exchange. They do not trade and will not impact on coin supply.

If you idiot are not aware, we're deleting your posts, because you crossed the line here. What bothers you, boy?

Oh I see, the source is new. I was compiling based on the old source.

No accusations here. If most of the sold coins have crashed back on the c-cex support wall, i am just asking that where they are ending up? That's over 9m out of 12.3M right in there, bought back by c-cex. Have you asked where they will end up if they won't trade them? Are they off the rotation? Or have i misunderstood something?

what ?

Am i doing this right :) https://twitter.com/_user26/status/623542977445666817

It would be great if you just click on a retweet button at the bottom left.

Are we having fun yet?

If there wasn't so much scandal going on, you wouldn't have to moderate would you!

07.17.2015 Your ico was planned to close. Hopefully you are ahead on your timeline then.

Our schedule terms are fully met. The cooldown period ends on July, 25, in five days from the closing date of the crowdfund. De-facto with regard to the prolongation period, the crowdfund ending date is July, 20, thus the cooldown period closure date will be July, 25.

We made away with DPOS, forked the clean source, added checkpointing and hardcoded seednodes into the source. Block explorer and wallets had been delivered by the time of launch as well, we have recompiled the sources and set the new block explorer when a course of action to be taken to remedy the network rewards was needed. Deposits and withdrawals are working perfectly, no issues related network stability have been arose.

We eliminated the DPOS stage and set 60% annual POS to match the total network coin amount and solidify and further backer's interest. Given the current block time, transaction confs are pretty fast though. Somebody keeps questioning us how is our extension ethical. We don't see how is it ethical to churn claims out by thousands when your ambitious assertion does nothing with the reality. Everything that has been done has took its place. Comprising the amount of efforts we put on the line, fairness and reasonability for that extension should not leave a seed of doubt. We properly served on the issues and fixed the network. We're looking forward to bittrex and cryptsy addition, and will contact them as we deliver an announcement of the tech being ready for testing and using in production.

About all things Blockchain OAUTH related. OAUTH will progress to large scale testing. We're making final preparations before bringing the gateway out, and will be the first party to integrate the working implementation into 20 media content promotional sites and our affiliates. As industry has heavily improved over the years and twitter, being one of the largest OAUTH monopolists has probed rev. 2 authorization network and now unofficially supports 2.0 - for aps only, we'll expand our list of the candidates applying for integration and evolve much more practical uses of OAUTH tech. To achieve sharing of the web resources and facilitate much broaden distribution of BlockchainOAUTH network, we'll encourage simple integration by paying domain and site owners, and everyday media hosting platforms. Thereby they guarantee the formal startup promotion along with growing audience's initiative and willingness to consolidate which is necessary.

We'll purchase 20 domains. These will be the first sites utilizing the BlockchainOAUTH tech and will be equipped with comprehensive merchandising tools and news feeds, including technology, branding, television, video streaming, and deploy a separate social network focused on vlogging, music and video production and much more auxiliary features. The ultimate social network will serve the purpose of expanding the OAUTH tech into social media advertising space for high traffic growth websites. This to help us to accelerate the popularization process and hook up with many standalone sites which ever to reach few hundred thousands weekly visits and are likely to take part in enhancement of the current OAUTH mechanisms by joining us on this technology road.

Ah, the cooldown period without a buy wall, the memories.

Investors purchased $VERSA with a set upon closing time and date in mind, that you had publically posted on the front page of your ANN. After you had their money, you extended the closing date, thus allowing more coins to be purchased, thus reducing the marketshare of everyone who had previously bought $VERSA.  So in short, all of us initial investors received less marketshare for our BTC than we were told we would be getting when we bought (as told through basic math and the ICO countdown). You really can't weasle out of this, mate.   Extending ICO dates is fine, but doing so without offering refunds is essentially robbing your intial investors of the marketshare they had intended to purchase.  Shame on you and Yuriy.

Extending the ICO period after previous investors already had their money locked in showed that we shouldn't expect "ethical behavior" from the $VERSA devs or even from Yuriy at C-Cex.

You missed the part where C-cex kept the end time secret to everyone but the versa dev, who dumped the buy wall out with one sell seconds after the ico end. In porn terms, that was the cum shot all over the faces of legit buyers.
Now, enough buys have been placed to keep the price from falling below 75%, but tbh I don't know why he's bothering - it's not like Yurih-trash has shown any regard for his ico rules, why would he follow the one mandating a second buy wall?

Let's give some time for the dev.
Personally, I believe that something good will come out of this situation.

Walls at 100 sats will disappear within 2 days =)

this is for the another guy deleted his post

mostly ( cex and dev ) they are the ones stopping it to go below 100
then after they get the ICO money they will dump the coins they bought in 100 area
then the new ICO will start

How much time they need to keep the wall to comply with the rules ICO?

Keep waiting.
https://twitter.com/BlockChainHound/status/624569294416945152 (https://twitter.com/BlockChainHound/status/624569294416945152)

13 sats low. Sounds about right.

https://twitter.com/notsofastcrypto/status/625293328653938688

https://bitcointalk.org/index.php?topic=1127722.msg11974164#msg11974164


and VERSA price going nearly 13 sat now from ICO price 400sat.

so if you see top on topic:

"This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. "

go away  :D

Bittrex market will be live in a few hours.

Last ditch effort to dump as many of the shitcoins you were forced to rebuy to hold it above 100 satoshis.  I'd be shocked if this made it onto trex and even more shocked if you are see or heard from again after today.

Anyone who lost on this can blame C-cex directly, they are 100% responsible.

Pathetic

No more.

https://bitcointalk.org/index.php?topic=1127722.msg11983914#msg11983914

Dev, check your PM. Time to work on the coin.

Nobody likes Versa dev  ;D