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Found this huge update from one of the developers...
"Dear fellow Reddheads:
In this post, I'm going to cover three topics: PoSV Release Candidate 2, a review of the current strategic position of Reddcoin and update on upcoming milestones.
PoSV Release Candidate 2
PoSV RC2 binaries are now available for download here . This is for testnet only. You shouldn't have to re-sync blockchain. Just replace existing RC1 wallet with RC2 and start it with testnet=1 addnode=108.174.49.42
Please run full nodes for staking, post your testnet wallet addresses, send each other coins and report any problem and bug below.
Current Strategic Position
With official release of PoSV around the corner (in a few weeks), it's good time to review the strategic position Reddcoin is in today. If you are a good player of chess or Go, you'd understand that to win a game, one has to build up advantage incrementally through each move. So where are we today?
PoSV was designed to address multiple technical and economic issues as described in the white paper. It'll provide better network security and better aligned economic incentives among participants. It renders mining and ASIC obsolete. It rewards active stakeholders and provides a solid foundation for our ecosystem.
All the existing vanilla PoS coins, to my best knowledge, trace their source code to Peercoin which was a fork from Bitcoin in 2012. The code base of Bitcoin has been under active development since then and few, if any, new features in Bitcoin made it to the code base of vanilla PoS. By comparison, PoSV has been implemented based on Reddcoin release 1.2.1.0 which already contained hundreds of commits from upstream Bitcoin. PoSV is uniquely positioned among all PoS coins to absorb any innovation in Bitcoin in the future. This gives us huge competitive advantage over time.
Because PoSV has been written based on a different code base, I had to understand every single line of code in existing PoS and now have a very thorough understanding of the technical details. This allows us to gradually introduce more features to PoSV in the near future. This stands in stark contrast with coins which follow a fork-and-tweak-and-desert model.
I've written PoSV in a way that deters copycats.
Our next-generation social wallet is designed to work in synergy with PoSV to encourage user activities. It has a sleek GUI and built-in functionalities such as news feed and chat. It can also connect to remote daemons to provide better user experience for running full nodes.
The success of getting Reddcoin listed on Mintpal by mere voting demonstrates beyond any doubt the quality, will and power of our community. When we set our eyes on a goal, we work together and make it happen.
Reddcoin is created for a niche market: to facilitate social interactions between people. It's a very ambitious project with a lofty goal. It's also like a giant jigsaw puzzle. As the dev team and the community continue to make progress on putting the major pieces in place, the entry barrier is increased on a daily basis.
Future Milestones
I will officially release PoSV in coming weeks. New features for PoSV are already being planned for later releases.
/u/MathyV is spearheading the efforts to merge innovation from Bitcoin. Most notably we will see Hierarchical Deterministic Wallet and Multi-signature Wallet. Reddcoin will be one of the very first altcoins to provide these features.
/u/hoppipoppipolla is preparing the final release of the social wallet.
/u/lionzeye released the beta of Reddcoin plugin for Minecraft using ReddAPI and there is already a Minecraft server up and running. The project requires technical innovation and business acumen. If done right, the efforts will bear much fruit.
I'm writing our next-generation social platform. Reddheads have shown us the most wanted social networks and they will be delivered. The social platform will also enjoy integration with our social wallet to provide the best social experience.
/u/devhen has been working on our social broadcast platform, which will be packaged and pitched to corporate clients for their online marketing campaigns.
When it comes to marketing, the first priority is always to build the best possible products, to make products speak for themselves. We have commissioned a world-class video creator to work on our official video. Thanks to the extreme attention to details by /u/Reddcoin, /u/BTCillionaire and /u/reddki, you won't be disappointed by the final results. We also have established and on-going dialogues with several PR firms.
Final Words
Great things take time to build. Patience and perseverance are valuable because they are rare. Less obsession with price. More productive usage of time. Together we can build a future that's worth living for.
Regards
laudney"
"
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Look at the Daily Chart and trend lines drawn over it. It was an excellent breakout from the long trend line. The main thing we can notice is the volume increase at the breakout, which validates it. This move has a potential to move further after some consolidation at the current price level. The analysis is based on the Daily Chart and Trend of Price with respect to the time. Image attached below: http://s3.postimg.org/yg3n3j543/REDD_Breakout.gifEarlier we analysis that ReddCoin will consolidate at the range 17-20 for some time. The short consolidation is over as per current price chart and it moved above 0.00000020 to 0.00000024. As per further analysis from the charts the price move will accelerate further by taking consolidations in between. Its now a perfect buy environment. Redd is more liquid and more widely available, more tipped and ready to the moONN! HODL FOR THE MONO! |
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If anyone thinks that he has to sell, so for example I still hold that 65k bluechip bought the 1200s: D, I do not care, it's a game, the principle never to sell at a loss, it's better I'll take to the grave
Or sell at a loss, and then make your money back by moving into a real crypto. |
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with only 1 million coins we can save our investment with a takeover if we need. all we need is a new thread/website pretty much for now.   |
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jl777hodl is going completely silly, its rising like NXTs very own Auroracoin. Should be on coinmarketcap by the end of the day........ The order book on Nxt got a fun work-out! I think it is amazing! But couple of questions, what are the max # of assets available, and how do dividends work? |
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jl777hodl, a crypto asset A press embargo on the Poloniex announcement was lifted was lifted 10 minutes ago and jl777 has already doubled in price since then. jl777hodl is a basket of 20 or so other crypto investments and can now be traded on Nxt Asset Exchange and Poloniex. Poloniex is the first to add a crypto asset from the Nxt Asset Exchange to their exchange. This is a first for any crypto asset >>> https://twitter.com/Poloniex I think it is amazing! But couple of questions, what are the max # of assets available, and how do dividends work? |
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PoSV is coming look at my above chart.
See the volume increase during that break up.
Those were all buy volume. After PoSV the supply will dry out.
From now on everyone will be going to accumulate to have a good stake on the ReddCoin.
Charts, Marketing, Plans, everything is positive as per analysis.
So a good buy now or forget about Reddcoin at these prices. I have a first target of 0.000005 and second of 0.00001.
PoSV is is already out on TestNet hope you all are enjoying it at test net.
Wow! Setting my targets per your advice. Good luck! On a side note, brother, Please don't base my advice for your investments. Do your own analysis and understand the risk of doing so. I will not be responsible for basing on my messages. I would never hold you responsible for a decision I made. I am my own man.  see you on the moon. |
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PoSV is coming look at my above chart.
See the volume increase during that break up.
Those were all buy volume. After PoSV the supply will dry out.
From now on everyone will be going to accumulate to have a good stake on the ReddCoin.
Charts, Marketing, Plans, everything is positive as per analysis.
So a good buy now or forget about Reddcoin at these prices. I have a first target of 0.000005 and second of 0.00001.
PoSV is is already out on TestNet hope you all are enjoying it at test net.
Wow! Setting my targets per your advice. Good luck! |
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RDD was #2 for biggest value increase! |
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you mean "Get a fraction of a coin for free..." |
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[im]https://i.imgur.com/401K6KD.png[/img]
The Dark Green Trend line is wrong. Your should never ever miss that last peak point in the area July 7, 8 9. Reddcoin actually broken to the upward direction from the upper long trend line. So there is no trendline resistance at the top as you drawn. FIXED! Try not to envy my photoshop skill...  |
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A crap coin with no dev is still at 14000, and there are FAR more than 5 million coins.
Shield is only 1 million. |
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why REDD still not be listed on MintPal.
I think it should have been listed on this monday, right?
They are working on ensuring VRC is safe after the "hack." on Vericoin. They are ensuring everything is back in order before adding other coins, which is the right thing to do. We will be added as soon as that fiasco is back to base. |
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Is this coin dead?
This coin has been killed so many times I think it is a new record. Get out your Zombie survival kit and put it to rest already. Silkcoin offers nothing innovative, it has no purpose. Look into APEX, RDD, and Shield if you are looking to get in on the bottom floor of a coin. |
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4) it has pissed off a certain portion of the existing altcoin community (Personally I like that bit a lot ). Never looked at it this way, I kind of like that too! See you on mars! |
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I do not own any VRC, nor do I plan on it, but I have to commend the community here, after that whole issue the price never wavered... I kept on waiting for a dump when the market went live but it just stayed up! Keep that and use it, don;t let the poison of uncertainty get to you, amazing job VRC people, amazing job!
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Bought into RDD at 4 satoshi best decision ever, good developers + patience = happy me. I am in no doubt this coin will continue to grow over the next few months, with POSV and the Social Wallet coming out things can only get better. Contribute to the community at reddit.com/r/reddcoin and don't panic at the price swings all part of the crypto world we live in who remembers the 2 satoshi days hehehe. I got in at 6! Good job to you! |
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