Bitcoin Forum

This coin has been pumped to mars today. I haven't seen such gains in a while. Look at this graph:

https://poloniex.com/exchange#btc_vnl

I wish I invested after the first pump. I was really considering it, but on the back on my mind I told myself "you are an idiot buying into this shitcoin, it's going to start slowly decaying into nothingness after the first pump". How wrong I was. Look at that graph ffs. I wonder if someone made 3 figure BTC gains out of this.

I haven't even jumped in, but wondering where it will go from here, could it pull a crazy gain like Darkcoin and go parabolic?

Another shitcoin no one outside crypto communiy ever going to use, i bet its userbase not more than 50 people.

This is coming from someone who said Bitbay has no professional support even though dzimbeck built a decentralized marketplace from the ground up by himself.

Well the vannillacoin irc has 125 people in it as I type this, so that's > 50.....

Haters going to hate.

What's a VNL and why does anyone care about it?

 I'd never heard of it 'till just now.

building from the ground up doesnt mean shit.. bitbay lead to nowhere

That is extremely bad..even in crypto terms not to mention outside of it..it is out for half a year already.

What more do you want trollboy? You stated "i bet its userbase not more than 50 people" and I just showed you in one small subset of the user base there are more than 50 users. By the way, what did I win? I suppose you won't even honor your wagers.

Also, for thinking 125 users is "extremely bad", I just jumped on a few other coins irc channels and think it is doing quite well. For example, Litecoin only has ~250 users for being out almost 4 years.

Anyway, unless you pay up the bet I am through feeding trolls.

*claps*

The coin is doing well on the back of innovations that if fully realised make it possibly a top 10 coin. The big thing is zero time where it can make a complete payment and confirmations in a decentralised way in 8 seconds. Without any hype that does make it potentially very attractive. I hate to say it but as a payment mechanism it does actually solve the loooooong confirmations that the masses will very quickly tire of.

I'm not saying buy it but let's be balanced and say it does solve a problem in crypto.

Suprises every day

I'm a top holder and will keep adding to my position. I fully expect a 10x return again from here minmimum.
Also, bigger pumps the last couple days wer GMC. That's a propper eye-bulging pump.

If you are a top holder I would be liquidating a significant part of you holdings while you still can.. Don't get blinded by the gains that are based on nothing :)

VNL is good coin but my opinion only bitcoin can long life otherwise it is just a shitcoin
VNL get hard pump in this month but i can say he will get hard dump in 1-2 months

---forget it----

Why is BTC n°1?
Because it was the first cryptocoin.

Why is LTC n°3?
Because it was the first scryptcoin.

Why is Dash n°4?
Because it was the first coin that implemented darksend.

Being the first pays of, always...

Why will Vanillacoin become a top 5 coin?
Because it's the first fully decentralised coin with 0 confirmations needed to respend your coins...and it's fast...super fast (les than 1 second).

Regards

Goldmaxx

The only thing based on nothing is your opinion.. Did you even do your research?

Has anyone credible reviewed the white paper or the code?

No official review yet, but in the thread unofficial ann, monero guys stated that they are interested in the scalability solutions of vnl and John is having a meeting later this month with guys from Bitsat, guess they have looked at the code at least..

That's what I'm saying.  I've heard a LOT of hype, and even some allegations (to which the lead dev simply replies, "prove it with the blockchain") but I haven't heard anyone *independant* tell me they've reviewed the white paper or the code and think it's a brand new and possibly world-altering technology (like with the original blockchain or Cryptonote).  
  
Something feels *off* about vanillacoin and until one of the trusted and long time accounts here (with dev experience) can confirm there is something special about it, I'm staying away: no matter how high it's crazy run takes it.  
  
Again, I hate to spread any FUD about a coin.  I want it to be true, and yes, I'm "jelly" of the crazy gains its made in the past months.  Great for those of you who rode that up.  
  
But something definitely feels weird about it, but I can't put my finger on it.  I'll take some time and take a closer look at the white paper.  It would help if one of the devs or experts could ELI5 how the zero time math works.

I think you ppl have a problem:
https://bitcointalk.org/index.php?topic=920344.0

 
  
Let's not name drop just yet.  I'm the driving hype behind VanillaCoin in the Monero space, but I am extremely skeptical until I hear some firm opinions from long time accounts I trust.  
  
A lot of Vanilla's growth feels... off somehow.  
  
Maybe I'm totally wrong.  Maybe I'm an idiot who will sit on the sidelines and watch the next big thing take off like a rocketship.  
  
But I've learned that hype is cheap, and is the real and honest tech that makes or breaks something.  
  

---

 
  
*Edit*: After hearing gmaxwell is extremely skeptical of it, I'm out.  I'm not touching it with a ten foot pole until further notice.  Congrats to everyone who made monster gains with VNL, honestly.  But just don't be the last to leave the party, because there may be a big mess.

Strange, you just stated a few days ago you were interested in working with vnl on the scalability solutions of vnl, or something in that direction. anyway,up to you whether you invest in it or not, John will be releasing the white paper after testnetwork for public, you'll have your answers then

 
  
Yes, the promise of the coin sounds great.  Zero time confirmation transactions that scale to massive levels?  SURE!  
  
Now please show me a white paper or some open source that we can analyze.  Please explain to me, in simple terms, how this is achieved.  
  
I am waiting.

Did you just read what i wrote?

Well up to you to doubt that, i have been following vnl development from march, the guy always kept his promise and delivered, you just have to be a bit more patient.

p.s the white paper will be 20-25 pages, so you'll have a lot to read

It's just another regular pump & dump coin, nothing else.

So apparently the dev was wrong and aggressive on an issue regarding Bitcoin 6 months ago, this matters today how exactly?



Ok so there will be more detailed white paper than this: https://github.com/john-connor/papers/blob/708f488c8c17e08a12bc4bdb4fc5ac1e2aaf6e24/zerotime.pdf

No it wasn't, it was 22k not 2k.

I only saw it by coincidence because it was posted in the bbr thread just some hours earlier.

But tbh it puts the vnl dev in a very shady corner.
Wrong technical knowledge about cryptography, copying bitcoin code and trying to hide it and all the other stuff.

But well it was 6 months ago i wish you people good luck

I start to see more and more FUD based on nothing but lies the last few days...
There is no way that this will result in a major vnl dump...
So please, just buy some vnl if you like to get in, it's not too late...
And if you don't like it, just move on to any other coin out there...

Regards

Goldmaxx

Look, a few too many things just don't add up with Vanilla Coin at this point. 
 
You've got a closed source single developer who managed to piss off nearly every bitcoin developer in a single evening. 
 
Then there is sustained evidence of astroturfing to protect Vanilla Coin's reputation. 
 
Apparently this dev lied about investors at some point? 
 
Then there is someone on /r/vanillacoin squating and screaming bloody murder about manipulated blocks (to which John's reply is: "Prove it") 
 
Your white paper makes big promises but seems quite vague about how you will attain the holy grail of cryptocurrency which you are lauding around... 
 
...meanwhile the price action looks a fucking LOT like the many penny stock pumps I have watched over the years. 
 

---

 
 
If John wants this to go forward seriously, he needs to move to open source so others can get a look at whether this currency is real or just hype. 
 
If the cryptocurrency world was as broken and hollow as the OTC exchanges, then I wouldn't care.  But fact is, there's real and amazing new innovations happening right now but bad coins are elbowing them out with massive and empty hype.  Therefore all coins need to be ready for intense scrutiny. 
 
The problem is that I'm not seeing VanillaCoin hold up to that scrutiny.  Feel free to prove me wrong.

You keep spilling fuel on the fire. You came over to the vanillacoin topic first trolling and after it interrogating people while you are refusing to do 1) your own code audit 2) a simple research based on the given data in the OP.

After being schooled and being called out on trolling you wish everyone good luck and get out. 2 days pass and I see you being a passive agressive troll on both this thread and gmaxwell's thread. On this thread you are agreeing with 50 post trolls while ignoring the people who are reputable within the alt scene.

You are either heavily bipolar, skitzophrenic or simply salty with a hidden agenda.

As I already stated Poloniex made several code reviews, 1 before the addition and 1 before allowing 1 confirmation deposits on vanillacoin, THE ONLY COIN BESIDES BITCOIN.

You heard this right, NO DASH, NO XMR, NO STR, NO MAID were deemed secure enough for that. Can you stop trolling and get your research rolling?

Proof is in the code, audit it instead of fuding through 3 threads as I've already mentioned in my last comment.


And not by you who is clearly trolling all over the place without doing 5 minutes of code reviewing.


Words won't prove you wrong in crypto, technology and code will. You fail to understand this.


Literally everything you keep spamming about is nonsense and you fail to graps the meaning and working of cryptocurrencies. While trying to develop for the cryptoscene and trying to get other crypto lovers into your project it's not the job of the PR/Marketing representative to get you to understand the importance of code. That is needed for mass adoption within communities that don't understand technology. You seem to be in the wrong neighborhood.

He is clearly intrigued, maybe his goal is to get the 0 confirm transactions implemented in a coin which has a distribution and launch more to his liking (and in which he has a stake already). Whether the technology is good and works we'll likely know when the actual white paper is released and reviewed, and just in case it is, it doesn't hurt to start early.

My problem is he isn't questioning ZeroTime, but everything that was stated in the first whitepaper without actually checking on what's already implemented.

Also the fact that after getting his responses and went away with the "I will research" attitude and all he did was troll on other topics instead of actually starting his research. Or is his research based on questioning random people on BCT? Thought you do code audits around here.

 
 
Did you just call yourself a PR/marketing representative? 
 
You seem pretty spun up on this currency.  I have read through the white papers a few times and will take a look at the code too.  Unfortunately, my developer knowledge isn't at the level of some others around here. 
 
However, even very advanced concepts like the blockchain and cryptonote were able to be distilled down into easy to understand concepts for beginners.  Can you try to explain how zero-time and Vanilla Coin achieve sub-second confirmations in layman's terms? 
 
Or do you understand it at all yourself?

Immediate concerns would be that UDP isn't a guaranteed delivered protocol (so packets may well never arrive), that the "Security Considerations" section of the paper is wrong (not sure how they got the impression you can't forge UDP origin), in fact very wrong (MiTM attacks, attacks on routing infrastructure), and simply skips most of the detail. Further concerns would be that any major network split seems inevitably likely to fragment the coin horrifically as there's no reconciliation mechanism I can see. It also seems incredibly optimistic about network propagation times - if we were confident about network relay speed, block times would be down in the seconds range (because why not?), rather than minutes.

Emphasis concerns, this is my quick eyeball over the paper without time to look at the code. Hopefully others can comment more meaningfully.

All I see is the guy that's supposed to be answering questions getting mad at the people asking questions. Everything else is just circlejerking, moon and waffles. Started that way and it'll end that way.

I'm putting it on my grey list for the next few months.

Not even gonna take my what if holdings here, I feel pretty safe letting it fall to the back of my mind.

Only pennies and nooses offered at this point.

 

No I didn't.

 

You are trolling this currency for no reason. You left the vanillacoin thread to show your passive agressive attitude in 2 more threads after we had to explain everything to you even though everything is written down both in the whitepaper and in the code.


https://github.com/john-connor/papers/blob/708f488c8c17e08a12bc4bdb4fc5ac1e2aaf6e24/zerotime.pdf

It's explained in the section labeled "Background", the first 2 parts. Read up on TCP and UDP if it's hard to understand for you. Sending coins through TCP made 3 second respending possible and UDP will make subsecond transactions possible. The routing of Vanillacoin is different from what Bitcoin has.

UDP is lightnight fast, but it has no error checking and has a certain error rate when sending data, John figured out a sollution on this to make it non existent within the network.

I can't go more Layman on a technology that will be unique within crypto, John will release a very long whitepaper on it I don't expect to understand it completely neither will you probably. The point should be that people understand it like ex. Polo developers so they can accept ZeroTime transactions without risking anything. Merchants don't need to understand anything since they deal in fiat and will autoconvert everything anyway for another few years.

Problem is you are doing your research while trolling and commenting in troll threads like this instead of searching for a developer or someone who can review the code, and doesn't matter what response I give you because your motives are clear by now.

I saw the XMR presentation from the Bitcoin conference recently, are you implying that was easy to understand for someone who just heard of Bitcoin?

Regarding a discussion about UDP and packet loss: http://pastebin.com/s459tnT5

This was 2 months ago and he may even further developed the system.

This is still early and perhaps relatively cheap. The risk is things are still being tested and there could be problems, and there is a risk trusting this or any dev. Yet, if you want to make a killing, learn to take risks or learn to listen to the right people. Staying in some older very high marketcap coin, that is a clone, is not the road to success, that is a road to nowhere.