Man, you just can't keep your trap shut... amazing, simply amazing... the entire VRC project may have just been saved by an idea, and idea divulged here not even 24 hours ago, that has made the coin to rebound 80% so far, and you, somehow, find that it is appropriate for you to say "I told you so"

No wonder this thing was on the way to Palookaville with people like you somehow being a representation...

Please just shut up, ok? Completely.

Devs? Still not indicated clearly by the market and the community that they want your endorsement (enthusiastic, please) of this idea, World Vericon Day? Or you just want to keep silent in spite of the evident response? I was expecting you already inundating the forum and twitter with ideas as the important bullet points you believe they must be handed out in the pamphlets and NOTHING??? What is it, you want the credit, or some bragging rights like this idiot?

DO NOT FUCK THE MOMENTUM AND THE PROJECTS. Remember where we were heading only 20 hours ago...

Wow, amazing indeed. So instead we should do nothing but continue looking at the price going down another 15% every nigh (USA)?

You don't agree, don't contribute. But don't undermine an idea (an idea, mind you, that in only a few hours has added 25% value to VRC, in itself, without much "moving").

And above all, "World Vericoin Day" sounds "amateurish"? Obviously it does to you... what does sound "professional" to you, a pamphlet of confusing posting called Vericoin news that no one will ever read?

"World Vericoin Day" could be "more than we can chew"?? Why?? Why are you shortchanging what other people can do and do DO? What the fuck do we have to LOSE? We are creating something, quite major, in fact. With a purpose and with a future (World Vericoin Day will be a YEARLY event going forward, bigger every year). We are just making something big out of nothing but depressions and a clear path to non-existence. And that is "amateurish"? You betg ypour ass it is amateurish. What is VRC if not an amateurish idea done by people in their spare time? But it is also an idea that we all believe, strongly, it will work and someday will handle a small or not so small part of all transactions in the economy of the world.

People, forget the naysayers. Market has already added 25%, for the first time in days, to your holdings in VRC. Use that to propell it further. Do the best that you can. Make of World Vericoin Day the day where you are going to make your best effort to explain to all your friends, online and in person, what is it the makes you enthusiastic about VRC and why they should be too. Give them some of your own VRC so they will be on the boat. Leaders, do the best you can, even if it is only to distribute printed pages with info ( a printed page will be available for everyone to translate to their own languages and hand out in the streets, from El Zocalo in Maxico to Buenos Aires, Rio, Johanesbourg, Miami... everywhere!. And take pictures that will be uploaded. It doesn't matter if you don't get one hundred merchants to accept VRC right away, make them heard we are here, we are staying and we can bring an entire, quite big and growing, very enthusiastic community that will buy their products/services with the new coin. If you do the best you can, no one can complain, no one will hold you accountable. Yes two weeks is not much, but it is more than enough. Gather whatever resources you can muster and go out there and do it. If for any reason, you cannot do it on the 30th in your city, do it the following Saturday, but do it. IF NOT NOW, WHEN?
 
I am pretty sure, if we do this, by the 30th VRC will actually be much, much more valuable than it is now, even after this rebound of 25% already in a few hours. The event, whatever you leaders, all of us put in it, will pay in spades. Do not let the naysayers convince you that you cant "chew" this., You can. You cannot get a great camera, use your phone, you cannot get 10 friends to help you, use two. Or just yourself if need be. Do the best that you can, that's all.

Those who feel they cannot do much, you can donate. BUY your cheap VRC now and be generous donating. You are, after all, donating to yourself for it is your stake in VRC that will double in value or much more even, within weeks. We NEED to do this to show the community and the world, that we have a path to success, not just to survival. That we are going to do whatever is needed, to be successful and to be a valid, viable, different -we are the good guys- alternative to shady schemes, fraud and other sheet that populates the crypto world. We are not just different, we are THE DIFFERENCE!

Every important move in the history of the human race has started with a small step forward. I'm propose not a small step, I'm proposing a quantgum leap forward. And we can easily do it.

It'd be nice if the dev team sanctions this move by openly support it, create and address for donation -or the Verifund- and bring more specific ideas to the plate. Time is of essence. But even if the devs choose not to support it which would be quite baffling), this is a community effort. WE CAN and we MUST do it. NOW.

I am not on Twitter, but someone should already be tweeting the idea of Vericoin World Day...

Furthermore: Lets make the donations, actual purchases, that way we will have an added positive effect: Whatever you are going to donate, purchase it now. This is a very low price so it won't cost you that much, and if half the people that have wallets buy some coins, that will be more than 2500 buy orders.

If we are to support this idea, and it is worth supporting, lets do it all the way, Lets see how strong the community really is... What do we have to lose?

And we certainly have a lot, a whole lot to gain.

Give as generously as you feel the project deserves and you can.

I am going to propose an experiment to coincide with the Minnesota State Fair VRC day. It does appear the VRC now has leaders in 25 countries. And I am sure it has potential leaders in every major city in the US.

LETS MAKE SATURDAY, AUGUST 30th "WORLD VERICOIN DAY"

Lets have massive donations to an account established by the devs so every country's capital and every major city in the US will have similar amounts of paper wallets and Vericoin T-shirts so we will have a major worldwide event. From Manila to Rome, From Melbourne -or Sidney, or both, to Tokyo, Paris, London, Munich, Moscow... everywhere. And have those leaders manage the events and upload pictures of hundreds of thousands of people listening and learning about Vericoin and Vericoin World Day. Timing is tight but it can be done. It will not cost too much but it is worth it to be extra generous. IT HAS NEVER BEEN DONE before. Success, on a major scale, is quite possible. Press and other media at the local level, could be possible in many cases. Imagine, the Vericoin logo, wallets, T-shirts simultaneously in 30-40 biggest cities in the world. Let's do it! Lets have those leaders show leadership, initiative, dynamism and ACTION!.

THERE'S MY HAT...

Very commendable and on behalf of the part of the community that really appreciate honest efforts, thank you. You should be getting paid for this -as well as your friends- but since there's no money and you guys are willing to do it, plas, plas, plas. kudos and , again, thank you.

If is a huge pity, though, that the timing could not possibly suck more: Any donation now will be at 5 cents of a dollar per VRC -while only a few weeks back it was 4 times as much. And yes, shirts costs 4 times as much too. And they are VERI needed for the event should look great with lots of giveaways... that I don't know if the community, and the devs, are willing to donate.

For visitor only handouts will work in terms of getting any attention. So I would suggest paper wallets -no time for electronic ones that should be massively available by now-, with at least 400-500 VRC to give away to visitors picked up at random, like 10 or 20 or whatever you can afford with the donations received. And hand outs, of course of printed information. You guys need to wear T-shirts with the logo and give away as many as available, as well as the wallets. And talk not just to random people but make some kind of brief (well prepared!) "intro to digital currency/VRC" to bunches of people, tens, hundreds if possible. In groups!

And, of course, video of as good quality as you can, and photos likewise so they are uploaded to the social networks and edited up in a fast paced youtube video on the fly. Beyond that, do as many local interviews as possible, maybe some press article in the local paper/radio/tv channel.

Now, this is an opp for the community to show the real strength by actually doing something practical, tangible and that, at the very least, is going to bring a bunch of new people interested in digital currencies and, hopefully, in VRC. You deserve kudos, again, for the effort and hopefully the response will be generous enough to make of the event a real hit after so many misses.

Best luck and thanks again!

I have listened to Doug on the "radio" basically mumbling for an hour (enough of the bio details, we already know them like the palm of our hand, ok?) without saying anything of any significance that hasn't been said, posted and commented ad infinitum. And a bunch of the usual common places: "Get the word out", "VRC will make their (people) lives easier"....

And that stayed in my mind: In what way/s will VRC possibly make anyone life easier? I have answer number one, of course, and the reason why I bought in in the first place. But it is... funny,m for lack of a better word, at this stage in the game, to want to sell on the idea of VRC as something that in any way can make anyone's life "easier". Much as I try to avoid it, it is just BULL SHIT!

Truth is no crypto currency, not Bitcoin not any other alto can make anyone's life easier that just ignoring they exist and continue using the credit cards or the cold hard cash. Why this idiotic euphemism by which using VRC would make anyone's life easier? Is it assuming people are complete idiots and they don't immediately realize that, among many other things, -all negative and/or dangerous, from fraud to outright robbery, not to mention the lack of warranties, instability and easy to lose-, they will have to endure an extremely steep learning curve before they get any use of digital currencies and, WHEN THEY DO, they will practically not get any advantages compared to fiat?

How are you going to sell the idea of VRC to anyone if you approach it to begin with under the falsest  of premises? Digiotal currencies don't make anyone's lives easier. Digital currencies are a number of things, none of which c an have the word "easy" attached to it. They are, on the other hand, quite complicated. Exceptionally volatile and dangerous. You can lose your money, all of it, at any given moment just because. Of you can lose all of it because if someone steals your last model android, or you dump it in the pool, or the toilet, you just lost your money, right there... unless you have copies on other devices, which is ANYTHING but easy or uncomplicated. Your bank, on the other hand, has your money quite accessible and you dont even need to remember your password, it can be reset in the simplest of ways. And it is safe and it is insured by the government. How you compare those for "easy"? Come on!

But who cares, right? Prepare a radio interview? Nah, I'll improvise. I'll nail it anyway. Mumbling a bit? so did Marlon Brando, repeating myself and boring people to the brink of suicide, hey how can they not get the vibe, the underground energy, the excitement...?

You know what makes people invested in VRC presently turn their lives to be easier? To push in that sell button. Which they are doing massively and probably prompted by your absolutely unfounded "enthusiasm".

Sheeeeesh!

Actually it is a bit embarrassing to ha to explain this to you because it shows just how little you know of... anything, really. But the phrase was probably coined by the unforgettable James Stewart in The Johnny Carson Show, I believe, and it is meant to convey, with a touch of very fine humor, that what you  are saying is simply nonsense.

Which applies to you fully, by the way, hence why you got it also.

Say what? I mean I understand what you say, I am aware of what you are trying to say... and the answer is no.

But you will not elaborate on how big could it be... a decentralized market announcement, would fit the bill? gosh, a new -and working- wallet perhaps? The cure of cancer?

EVERYONE and his uncle is working on things AND DELIVERING them. PINK is, NAUT is... many others. And prices hardly even move on those in spite of the fact that both have had huge corrections (none as big as VRC though). So...

For the devs ANYTHING at all is not just big, it's humongous, unheard of... and yet, here we are. Over the weekend, where will we be, over the rainbow?

It sounds to me you are setting yourself up for disappointment. Big time.

barrabas, I hate to sound like a jerk but you're so full of crap that it's not even funny.  I don't think I've ever seen posts from anyone else on any other message borad which are even remotely as lengthy, while actually saying so little.  Who are you trying to fool, anyway?  You must think that we're all a bunch of idiots but I'm sorry to tell you that you really don't have very many of us fooled.
[/quote]

elmer, you don't have to worry too much about sounding like a jerk. To even the simplest of mind among us, you ARE a jerk. And sound like one on every post, to boot. The fact that you are a bagholder trying to pretend that nothing has happened here, only reinforces the evidence, by the way.

A 5 year-old could have -and probably has- you fooled, just catering to your blind greed. And it will happen again. And again.... Nevertheless, you will continue convincing yourself that you are actually somewhat intelligent. Oh well...

That means you expect something REALLY BIG, right? Like what. Let your imagination fly, don't be shy...

In general, I agree with you. But you seem to imply that making of VRC not "just another crypto" and instead "a product that is unique and needed in the marketplace" is within the realm of capabilities of this developing teams and this community and, quite frankly, we are light years away from that, so to speak. Sadly, we are, in terms of product, just another crypto.

I have stated, many times, that the only value of this coin resides in the community that supports it and the dev team... not because the dev team is the best, wisest that there is, but because it is the first that came out, identified themselves and offer a transparency unheard of in crypto. That in itself is now a standard and, consequently, just an anecdote of no intrinsic value. Except that, because of that, and because of the "rollback", these guys, the devs, can claim the mantle of being "the good guys" of crypto. And, in my opinion, there's value and marketability in that.

Problem is these guys are arrogant to extremes almost inconceivable: They know more than anyone. Of everything. And they want to be everything... while lacking the capability of actually being anything in term of coding features that people in crypto really want. Mind you, there is a significant amount, I'd estimate probably around 3/4 of the entire crypto community, that will be behind "the good guys" all the way, tired as they are of scams, on one side, and crypto practically going nowhere soon, on the other. But there's a 1/4 of that community that have termed our guys kind of verbotten because they did the "rollback". And our guys want to be everything to everybody and, instead of staking their territory and fight those who won't accept "good guys" in crypto, they want to sort of "play ball". So VRC doesn't need, in any way, anon, but they waste time and resources in a short of watered down anon, to please the segment interested in not on the up and up transactions... while, because of that, alienating the 3/4s that want everything in the open. Like the dollar, or the euro, only outside of devaluation capabilities and other state or group of states maneuvres. In others words, they want the protection of being legal but the also want to store their value in a coin that doesn't lose that value with time, like FIAT does. And they want to take advantage of the technology and the (lack of) costs and speedy transactions. Those feel alienated by three kids playing the cloak and dagger game of those interested in the dark world of illegal transactions. So, we have an image we are projecting, where VRC is NOT "the good guys" of crypto but a kind of the good guys, but also kind of the bad guys. An people don't want that at all, since they have clear alternatives on both those directions in coins as evolved technologically, or more evolved than VRC.

Because, quite frankly, technology and innovation-wise, VRC has come so far so short from expectations that there's no wonder outside of choirboys and hopeful bagholders, no one is interested anymore.

So, coming back to your idea, which I subscribe almost completely, in my opinion VRC should make it very clear that just like the set the standard in transparency, and the standard in denying to be robbed and destroyed, they want to set the standard in the crypto coin that not only approves of legislation but actually fights for it to arrive in crypto as soon as possible. So people, inside and outside of the crypto community, KNOWS clearly, unambiguously, what VRC represents: A real, viable alternative to other forms of currency but that aspires to be bound by the same rules and regulations that other forms of currency do, so distancing itself from most of the rest of the pack and, surely, attracting the interest of big, corporate investors and venture capitalists as well as, hopefully, merchants.

But, like I have stated before, these three kids "know better" than anyone so they will continue meandering their ways while the coin all but disappears.

Or worse: Repeating failures of the past. Their own or those of others, such as Blackcoin (I have heard too many times already that they are about to hire some PR firm... just look at what Blackcoin accomplished doing so while becoming the butt of everyone's jokes in crypto).

I'd like to be more optimistic, but as long as these three remain victims of astonishingly arrogant behavior -without a single thing to show in support of it, to make things even worse-, there's no way, no way, VRC can claim a post of relevance in crypto.

There is a chance, not a guarantee of success by any means, but a good chance indeed. My bet though is that they will not go for it.

@ ScottAllyn

You recently wrote "A Word on Staking" and, in italics, posted this:

"Note that the coin age is essentially reset and starts all over again once a block of coins is done staking."

While I have some trouble with the unnecessary adjectives, such as "essentially", my question here would be more about the ending of the statement: "... once a block is done staking". What EXACTLY -not "essentially"- does that mean? And what is a "block" in the context of your piece? Is there a minimum requirement, like 1,000 VRCs, 5,000 VRCs to "be a block" or ANY amount of VRCs staking is, de facto, a (or more than one) block?

Adding to the confusion: If I have -I'll use your example- a "block of 10,000 VRC" staking in my wallet, when will it be "done staking"?

And how exactly is the coin age reset? Every time people take coins from their wallets and move to any other wallet?

It would be nice and extremely appreciated if when someone post a piece that pretends to be clarifying existing confusion, first makes sure the piece will not create additional confusion instead of clarifying the existing one.

This the inevitable and ever repeated situation when panic and despair start hitting even the most recalcitrant cheerleaders and choirboys: The have lost 90% of what it once was. In a few weeks. Understandable. As, as usual, looking at the devs hopping for some magic trick to at least provoke a bounce to... maybe half what it was? How 25k sounds just about now? Most would have had enough, cash their chips and say "sorry, nice guys, but I cannot stand the pressure. I'm out". Has happened in dozens of coins before and is happening in VRC, inexorably, right now.

Are the devs concerned? You bet they are. They cannot do anything, though, other than what they did yesterday (announcing a "secret weapon" announcement -redundancy intended), come weekend. They too, where they had $80k now have just about $10K. They too are hurting. And more than anyone would like to see it rebound. But there's nothing they can do... short of spending their private money in buying more VRC... which maybe some of them are actually doing. To no discernible avail. The dumping continues. Now on panic mode, I'm sure those staking wallets have started to move coins to the exchanges to unload and salvage at least a 10th of what was and at least some of their initial investment. The "secret weapon" announcement? No credibility left. The few people that is buying any crypto is buying only a handful of coins, those with the biggest volume and a bit of Nautilus in hopes it'll rebound even more when they enact the POS. Nothing left for any others and definitely no buyers in VRC, only sellers. So, price at lows again. Two plus two will always add to four.

Now, the real question here is, is this community capable of sustaining VRC. And the obvious answer is, definitely no. Not enough, sorry. Everyone than can and want to help, has already bought as much as they could. And there are still some 7-9 million coins that want to be sold every day no matter how low the price. IF the community doesn't buy those coins, the price will continue going down. As simple as that. Now, IF the community buys the coins, there will not be a market ... unless demand is created somehow. Perhaps the "secret weapons" announcement will be something much more than a white paper and some in crypto will rush to buy... that is a very hard scenario to fathom now but if it happens, provided the community controls the entire float, the rebound could be swift and very big, but, like I said before, I doubt very much that if some in the community can  get some BTC to buy those 7 million, they are going to hold without selling on a significant rebound. And then we will have the exact same case Blackcoin is having for many weeks now.

So those are the reasons for the despair, frustration and crying for devs' help. Same old, same old.

Stating this factual truth, for a couple of now-jaded cheerleaders, is me shitting in the hand where I eat... that's funny. I have eaten a bit on the hands of a few coins, PINK and NAUT of late, but very, very little on VRC. I mam, like about a thousand of others, holding a significant -for me- bag and booking a few gains in the rare moments one can get them for about ten seconds. They believe -amazingly- that if a post here the kind of nonsense they like -patience, nothing is wrong, VRC is the best, we will get to $1 per coin and the other nonsense-, that will actually have an effect on the price. Like I said: Amazing, simply Wow. Actually, WOW.

Now what's really funny, delirious even, is the personal interest of a few in my personal stats... But hey, when there's interest, there should be money. And I am all for money, so I'll tell you what: I can be much more... everything than I am here on pay-per-view. Get together and make me an offer and I guarantee you a much more funny, incredibly much more professional Google hangout that you will ever see the devs here deliver.ine, I repeat, is far from free.

But I'll accept payment in VRC... although this decision is only valid temporarily and can be revoked without notice. I'm sure you will understand, given the circumstances...

Come on boys, 50 takers and you are on!

That was a misspost, obviously. Your subsequent one is pure, raw idiocy and therefore do not consider my answer at all directed to you but more towards anyone that has some doubts about what this "staking fever" can mean. Any kind of response whatsoever from you will be immediately dismissed, so fuck you, ok?

I am not sure what your question is referring to. Accumulation is one thing and big percentage numbers of coins staking or otherwise locked up in wallets, is another entirely. Since no accumulation is taking place in VRC -the top 100 wallets added 20,000 coins the past week, according to some research done and post here-, I believe you are referring to the fact that up to 80% of the total amount of Vericoins is currently in wallets outside of the esxchanges and mostly staking.

This is VERI good and...VERI bad. The good is because is reinforces the strength of the blockchain and, de facto, makes it almost impossible a 51% attack. Also on the VERI good side, it shows  the confidence and commitment of the main stakeholders, which are staking their coins instead of trading them for a bit of profit like traders/speculators do. Additionally, reducing the number of coins available for trading, theoretically, will make the coin scarce and new buyers will have to pay more... this is being proven completely wrong by the market since VRC has been, and so far remains, in a downward spiral with great selling pressure taking the price to the lowest levels since launch... at which levels currently remain. So much for scarcity!

And this is VERI bad because, by definition and purpose, crypto currencies are made and design to be SPENT, not saved or kept. In fact, that only 20% of the entire float is available for trading, severely limits the actual usability of the coin in the real world. Since the valuation of the coin is so minimal, and, subsequently, the market cap total is so modest, this "accumulation" is imperative to protect the vulnerability of the coin to 51% attacks... as we show recently when only 8 million coins would have destroy the coin instantly. Naturally, if VRC ever reaches a valuation 5, 10, 100 times higher than current levels, it would be much more costly for an individual or a group to perpetrate a 51% attack and therefore the importance of the % of coins staking or otherwise away from the exchanges, will diminish exponentially.

Let me give you another scenario possible: With 20 million of it's 27 total million coins, in individual wallets, if anyone were to buy ALL the 7 mill available coins (an "investment" of $340,000 at current price), the actual trading of the coin will cease, it's price go to zero almost immediately and the stakers would have exactly that, ZERO value in their wallets. The coin would effectively be dead.

So this amount of staking is not healthy, obviously, or pricewise efficient. Much less is needed to maintain the blockchain and prevent the possibility of a 51% attack... any group could easily "buy" enough for very little money right now, effectively destroying the coin.  A bit of a situation, indeed, if prices remain or, worse yet, if they go any lower.

Of course if they go lower, no one will have any interest in VRC, much less in liquidating it.

If that is the case, they are misleading, by omission, the community and potential investors.

I did understand perfectly. And that incentive of 2.5% is paltry to say the list (nothing negative about it, just a fact). And so are the fees that stakers will be collecting. When you say it is not true that any daytrader can make many times 2.5% kin a single day, well what can I say. Bots make much more than that and the person doesn't need to be even "working". Those are facts. I do understand though that there are many people who stake because they are looking for much bigger gains, with time, and every bit helps. Fact is though that holding and staking, unless the price goes up, is a losing proposition.

For the purpose of investing, new investors, that are needed for the price and the project to progress, what counts is the strength of the stake holders. And that strength is measured in REAL coins holding in their wallets, staking or not (preferably the former), not some wildly oscillating number that represents the strength of the network.

I agree having both, since it is quite easy and possible, is hitting the jackpot, so to speak.

Why don't you elaborate a bit more on that subject? It seems to me there have been a bunch willing to jump on the high end of insults and really adding no knowledge to the matter... when you say "a lot of money", what is "a lot of money" to you? Because, in my book, I don't care what valuation it has -I mean I DO care, very much, but you get my meaning-, 2.5% is just a very paltry percentage of whatever the amount is, something that can be achieved many times, a day, just trading those coins, so as far as profitability it is nil. Now, if through fees I can get "a lot of money" staking, additionally, it could be quite the selling point, so please DO elaborate on this and be free to use different price scenarios.