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41  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS on: July 17, 2014, 09:40:22 PM
I guess the 3-4 fudders who kept vrc at the top of the forums posting 12 hours straight 5 times a page finally all bought after getting their victims to sell to them.

Was actually very impressive how badly they wanted to buy.  No sane person posts the way smoothie and crew did without needing/wanting to buy a substantial amount.

Why do people assume (and make accusations with no proof) that I wanted to buy a substantial amount of VRC?

FULL DISCLOSURE: I own 0 VRC and will never buy a single one ever.

REASONING: I would not ever want to be a part of the catastrophic effects of a rollback in the future should a massive hack/scam/theft happen related to VRC.

My posting has much to do with pointing out BS and calling things as I see it. If you knew my reputation on this forum you would know what is how I operated from day 1.



Tell me about which part of the rollback is catastrophic.



In the future a merchant could take payment in VRC and a huge hack comes along...rollback...oops VRC gone from your wallet even thought you sold goods.

Please explain to me how this is different from the risk every credit card accepting merchant faces every day.

What risk are you talking about exactly?

Chargeback. More commonly known to those outside the industry as a 'dispute'. Credit cards are weighted in the consumers' favor by a substantial margin, and having a transaction reversed is pretty commonplace.

Selling goods or services for an agreed amount and then having the transaction reversed is pretty much a standard cost of business for any merchant, and occurs far more often than a rollback.

Hell, more counterfeit currency is accepted daily than the total dollar amount of the transactions effected by the rollback.

In other words, why should a merchant be afraid of a loss in a transaction when they already assume far greater risk of loss every day?

You presume all merchants like the fact that they can get a chargeback.

Personally as a merchant myself I dont like chargebacks. I honor what I say I will do and accept only cryptos that have a track record that I trust not to do that.

Your definition of "standard" is not necessarily what people would do as oppose to what they are required to work with.

Just like how we in the US do not have a choice but to use Dollars as the currency for most debts private and public and for payment.

Just because it is a "standard" doesn't make it morally right nor does it mean that it is the way things should be.

Ask any merchant if they like having charge backs. I suspect you will find very few that enjoy getting a chargeback especially if they held up their end of the deal and delivered the goods.

In my scenario it would assume I sent goods to another user for payment in VRC...then a huge VRC scam takes place...then a roll back occurs and I do not have my VRC because of the roll back. Now tell me how that would be a fair/standard situation which is what we are really discussing as opposed to your "every day business" scenario? How?

After reviewing your posts, you do seem a bit butthurt dude, like you where losing something really valuable with the rollback...  Wink I mean, what the f*** its in it for you, you aint invested, you could not care less as you already said few million times, yet you keep posting your BS in here, and seriously dude, starts to be pretty boring : / how about some porn, a good wank and relax a bit... after long day trolling, give yourself a break Cheesy
42  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS on: July 06, 2014, 02:45:33 PM
Have got a couple questions, I do apologise if they have been answered already, could not find it through the search function.

According to http://www.vericoin.info/interest.html

"Vericoin's interest rate can range from 0% to just under 3%. The practical range of interest is between 1.5-2.5%. Based upon the number of coins being staked (occurs when the wallet is open and unlocked), the interest rate varies. The more coins staked, the higher the interest rate. This provides incentive for keeping the client open and unlocked, further securing the network"

"The VeriCoin development team studied the economics of interest/inflation rates in model systems and the key range for a stable economy ranges between 1.5-2.5%. Finally, with a slow inflation rate (1.5-2.5% vs ~10% for Bitcoin), the coins have the potential to become a steadily valued currency"

So I understand, the incentive for keeping the client open and unlocked is.. not losing spending power? (eaten by 1.5-2.5% inflation rate)

Has Bitcoin any inflation rate? (not to mention 10%) I thought one of the "cons" of btc were that its deflationary..

thanks
43  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: June 25, 2014, 03:10:17 AM
I understand spanish and "cloak" isn't pronounced like "cloaca". Most spanish people speak english very badly Cheesy

Anyway, my point was that your theory is stupid, without any logical necessity Cheesy

Try to sell Cloak coin to a native Spanish speaker.  Good luck trying to do that.

(at least the second and third richest billionaires in the world according with Forbes 2014 will laugh instantaneously in front of you) http://en.wikipedia.org/wiki/The_World%27s_Billionaires_2014

There's no need to spread FUD. "Ka" would be the pronunciation of the letter K, but not at the end of a word. If each letter were pronounced, in Latin America the pronunciation would be something like "seeleoaka" and in most of Spain "theeleoaka". How do Spanish speakers pronounce "Facebook"? Is it "Facebooka"? I don't think so.

Just let the merits of Darkcoin do the talking.


edit:missed a letter
Agree with you about no need to spread the FUD, but unfortunately for them, you are not right with the term "seeloaka". Is extremely easy test it, Just show the word to a native spanish speaker and you will find yourself the answer. (I'm a native spanish speaker).
End point, as my previous post said, is was a reference for native english readers. (native Hispanic readers know what I'm talking about).

Edit:
Facebook in spanish is phonetically as "feisbuk" or "feisbuc" (plural will be "feisbucs" )
cloak in spanish is phonetically as "cloaca" or "cloaka" ( plural will be "cloacas" )
Bitcoin is a very nice name and is phonetically equivalent in spanish as "bitcoin"
Monero is a premium name in spanish because is similar to "monedero" or a wallet to store coins.
Darkcoin is phonetically equivalent in spanish as "dark coin" or without any english background "dar coin" ("dar" translate as "give")



You have no f***ing clue how to pronounce cloak campeon, please stop the BS and check
http://dictionary.cambridge.org/pronunciation/british/cloak_2#
before spamming with your moronic posts...
and the rest of you... what a sorry excuse for a thread this has become.. 2000+ pages.. no wonder... shame on you : P
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