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Once again the Devs, cool as cucumbers, come through with another amazing round of FUD busting, thanks for the clear and informative answers Pat and Doug!
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Do yourselves a favor and click the "ignore" button next to barabbas' name. You'll thank me later.  oh I did and I use ScottAllyn's script that even removes the "This user is currently ignored" so from my point of view he no longer exists BUT people keep quoting him so I am forced to see whatever insanity he posts up |
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to any of you with questions or concerns about the multipool check out this kickass payout I just got running at only 3 MH/s Scrypt (this is my first payout since yesterday and if I stopped mining now I would continue to get payouts for another day or two)  EDIT: I misspoke I didn't "Just" get it I got it about 9 hours ago but I just now checked my wallet lol |
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Manipulation, but like all things it too will pass and we will be back on the uptrend, as long as we stay positive as a community, continue to spread the word about VRC, don't dump and the Devs keep on delivering like they have been.
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EVERY ONE THE NETWORK STAKE IS NOT THE SAME AS THE AMOUNT OF COINS STAKING THAT IS JUST THE "STAKE WEIGHT" OF THE NETWORK
I hope this cleared up any confusion.
Posting again Nope, this doesn't clear anything. How many COINS are staking? Plain and simple. And what the heck is "stake weight" of the Network? I have to completely agree with barabbas on this one. The two questions I have, that I think the public should get clear answers to are: 1. How is staking weight calculated. 2. How is interest calculated from a compounding point of view. What I mean by this is the fact ScottAllyn I believe it was today was explaining how there is actually an advantage to having your wallet on 24/7 vs. turning it on once a month or once a year due to compounding interest. Well what is the calculation we can follow to determine what that payout would be? For example if I started the year with 100,000 coins and simply turned my wallet on 1 year later at an average interest rate of 2.25% I would clearly have: 100,225 coins. How many coins I would end up with though if I turned my wallet on once a month vs. once a week vs. 24/7. Obviously this is all written in the code somewhere so there is a reference point to all of this. I'm not asking Socal this (no offense) or any other BTCtalk supporters - I think this should be answered by the devs themselves. None taken I'll let the devs answer this one in depth since you requested it Xosihc, but I just want to point out that it is currently 1am for the Devs so there's a good chance they are asleep right now but I will text them tomorrow and request a more thorough explanation. Oh definitely - I don't need this answered tonight, or even tomorrow really (being that it's Sunday). But at some point it would be nice to know.  lol I spoke too soon as soon as I posted that Doug joined IRC so I passed along your question EDIT: Dev post incoming |
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EVERY ONE THE NETWORK STAKE IS NOT THE SAME AS THE AMOUNT OF COINS STAKING THAT IS JUST THE "STAKE WEIGHT" OF THE NETWORK
I hope this cleared up any confusion.
Posting again Nope, this doesn't clear anything. How many COINS are staking? Plain and simple. And what the heck is "stake weight" of the Network? I have to completely agree with barabbas on this one. The two questions I have, that I think the public should get clear answers to are: 1. How is staking weight calculated. 2. How is interest calculated from a compounding point of view. What I mean by this is the fact ScottAllyn I believe it was today was explaining how there is actually an advantage to having your wallet on 24/7 vs. turning it on once a month or once a year due to compounding interest. Well what is the calculation we can follow to determine what that payout would be? For example if I started the year with 100,000 coins and simply turned my wallet on 1 year later at an average interest rate of 2.25% I would clearly have: 100,225 coins. How many coins I would end up with though if I turned my wallet on once a month vs. once a week vs. 24/7. Obviously this is all written in the code somewhere so there is a reference point to all of this. I'm not asking Socal this (no offense) or any other BTCtalk supporters - I think this should be answered by the devs themselves. None taken I'll let the devs answer this one in depth since you requested it Xosihc, but I just want to point out that it is currently 1am for the Devs so there's a good chance they are asleep right now but I will text them tomorrow and request a more thorough explanation. |
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Who is playing with VRC buy / sell? Some people really manipulating price.  Yes this has been happening the past two weeks or so either whales accumulating or a well funded attack trying to kill VRC by artificially suppressing the price either way all we have to do is buy out the manipulators and NOT DUMP and there will be a clear shot back up. EDIT: Just something to think about if you take the time to dig back through the posts and the market graphs you will see a well coordinated FUD attack that coincided with the drop in price and subsequent suppression. That tells me there's either some big whales that know this is a good coin and wanted in cheap OR bag holders from other coins that want to see VRC fail because we threaten them. |
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Vericoin for sure, one of the first coins with open transparent Devs, one of the only coins to actively fight back against hackers, the ORIGINAL VeriBit system to have the coin accepted everywhere Bitcoin is accepted, the ORIGINAL Network Stake Dependent Interest rate, and the list of innovations goes on and on, so far everyone else has been playing copycat to all of OUR innovations
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EVERY ONE THE NETWORK STAKE IS NOT THE SAME AS THE AMOUNT OF COINS STAKING THAT IS JUST THE "STAKE WEIGHT" OF THE NETWORK
I hope this cleared up any confusion.
Posting again |
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Oh look more wild accusations and outright lies......IGNORE....
To answer your question Xosihc the number of connections is namely that your number of connections to the VRC Network, so more connections = more stable network connection but does not affect your stake chance
EDIT:
LMAO look at that your mother trolls' post history, he does absolutely NOTHING but FUD the hell out of every thread he comes into contact with.....credibility = 0
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Just wanted to post up before anyone starts screaming the Devs ran off again because they have been quiet that I have been in contact with them and they are working on the new wallet UI, helping the third party finish the iOS Wallet and working on other things that are yet to be announced....so stay tuned.  |
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wow wtf who cares don't respond to these haters! don't stoop to their lvl .. good for cloak and btcd and wtv other coin is doing good. can't believe the amount of kids in crypto. have to go bash other coins to make themselves feel better about their decisions... personally i like cloak but its future I'm not certain about, only thing i am certain about is that VERICOIN will be cryptos best investment opportunity of 2014.
YAY! more VRC hype with absolute NO BACKUP OR PROOF! Fuck off........ I have yet to hear one good thing about vericoin, yet anytime somebody questions the integrity of it they are just bashed to hell. Fucking done with vericoin and the scrubs that think its such a good 'investment' LOL! It's gone man, the boat has sailed off... this coin is going nowhere. Don't give a fuck what you think the future will tell...... Sweet reply! +100  Bob you could please stop mentioning Cloak in every competitor coin? Your just causing people to troll in the Cloak thread. Bob the Cloak devs also requested no trolling in other competing coins. Can you please listen for once? If Bob continues to post about cloak in here please hit the ignore button. ScottAllyn has made available an awesome script that actually removes the "This user is currently ignored" message from the forums so anyone you ignore effectively ceases to exist from your point of view so I actually can't see ANYTHING as far as the trolls are concerned it is actually quite amazing and stress relieving Unfortunately when you guys quote the trolls I am therefore forced to be subjected to their idiocy lol but beyond that it's a handy little tool |
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wow wtf who cares don't respond to these haters! don't stoop to their lvl .. good for cloak and btcd and wtv other coin is doing good. can't believe the amount of kids in crypto. have to go bash other coins to make themselves feel better about their decisions... personally i like cloak but its future I'm not certain about, only thing i am certain about is that VERICOIN will be cryptos best investment opportunity of 2014.
Thank you for your support and rationality, it is most definitely needed in here from time to time EDIT: I am also referring to your past recent posts this was just the most recent one for me to quote. |
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EVERY ONE THE NETWORK STAKE IS NOT THE SAME AS THE AMOUNT OF COINS STAKING THAT IS JUST THE "STAKE WEIGHT" OF THE NETWORK
I hope this cleared up any confusion.
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LMAO you guys are the wind beneath my wings calling out bobby on all of his lies and FUD is good clean fun, and hilarious to boot, also how is old cloaky these days...whats that? scamming and dumping? good to know WE were right all along
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So, I just thought I'd come in here to share my experience with Vericoin.
In short, I was new to crypto, bought in to VRC during the big pump at around 30k, as it looked like it had real promise as becoming a real currency.
During that time the devs were posting here nearly every day with updates, deadlines, road maps, the works.
Then the rollback happened.. I still believe that the devs made the best decision at the time and handled it well with the rollback etc. They did the best they could.
Since then though, they've been almost entirely absent. Very few posts, and the posts they have made have been vague at best. It really seems to me like they have given up on the coin and are just not wanting to go public with the fact as yet. Socal here has basically been the only person giving any updates at all on new developments, and even still they have been vague. So many things "nearly finished" for so long?? Where's the website? It's not hard to make a website like that. It should take maximum one day to completely rewrite the Vericoin website. iOS wallet? Yeah a but harder so I can understand it taking longer, but still it was "nearly done" weeks ago..
I honestly now believe that the devs have been stringing this out as long as they can while they unload their coins. Stringing along Socal in the process (or perhaps he is in on it and doing the same?).
If I was a betting man, and I am, I would bet that we will never see any more updates to VRC. The devs are done with it, they're gone. The only new stuff is coming from desperate bagholders trying to hold things together, and doing at least an ok job I'll admit.
One last question I have here which has puzzled me the whole time is this:
Why did pnosker transfer 200k VRC from his wallet to exchanges right after the rollback? Apparently this was to somehow protect the coin? But you would meet BTC on the exchanges to do that right? So why then? Where are the coins now? Have the devs released their wallet addresses recently to show they are still holding? Again, I'd bet that they have not.
Call it you favorite word "FUD", call it what you like. This has been my experience with Vericoin.
I wish you all the best of luck in your futures!
I fully understand your concerns as I share some as well. Just like you I am an investor and active member of the Vericoin community. Now some points that need to be made clear. I know there are tons of Alt coins out there and I make a point not to trash them, however I would exercise caution to some friends whom likewise have invested in various coins in the past few months, needless to say have lost a lot. Something clearly is wrong with the crypto market. We all want to succeed and back up a great projects yet to my disbelief most of these alt coins were just that fly by night projects. Dev here one day, gone the next. Hence my initial interest in Vericoin as this was the first time I saw active devs openly chatting and communicating with the public, via twitter, Google hang out and even show up in person at Shows. I reached out the Pat / Doug and worked with them on various projects, branding, website of Vericoin. It does not take 1 day to make a site, it is a process. You see what's wrong, you research, you design comps, you get feedback, you make changes, you get team involved, more tweaks, then code, then QA. etc. I personally met Pat / Doug and have worked with them, these guys are pros. They have wives/girlfriend they have lives and supporting family. From my initial impression they share one quality I love about creative people, they are passionate about what they do and I respect them for that. These guys are not going to pack up and leave as you put it. The Hack on Mintpal clearly was a major blow which affected not only the coin but so many upcoming projects as they had to shift gears to repair the damages as well as some other attack on their servers. Clearly there are those who wish this coin not to succeed. It is natural to worry about your investment as you should be, understand that with the amount of FUD that took place here past few weeks after the hack, I fully understand the concern. I did my best not to judge one initial investor who made tons of promises, promos, major parties, celebrities etc. I am not easily impressed, put up or shut up is my take. otherwise its BS. As far as upcoming projects: I am sure these guys are working on upcoming features, Doug has voiced his desire for Decentralized aspect of this coin, and some projects they won't reveal yet. For the past few days a few members have contributed in Major ways, promoting the coin on Radio, Bitcoin meet up groups, Launching supporting website, offering feedback/ ideas - This coin has a bright future, as a community we need to be patient, help and respect each other. No need for name calling, the last thing we need is to turn on each other. Thanks Shinraven for breaking this down so well, I appreciate it man. This guy is doing wonders for VeriCoin, all the wonderful designs for the website, the logo, the new UI coming. It's fantastic work, kudos to him. To address Monkeys concerns: Listen guys I understand that in crypto the knee jerk reaction is to claim scam/dump, this is NOT the case here and we would prefer you honestly ask yourself if we are those type of people. You would actually be shocked how many times we have to convince people this is not a scam, even after doing all the things Shinraven mentioned. Rule of thumb, if the devs are showing their face and names, they are generally not scammers/dumpers. If we wanted to have some big plot to dump or whatever we would have never revealed our names because we would know there would people after us essentially. It doesn't make any sense. I'm probably not going to say this again because we have already moved forward but to be clear. The hack screwed up our timelines. The rollback took a couple days, getting the network stable took a few more, combating the FUD and conspiracy theories took a few more and is ongoing. The supernodes were DDOSed multiple times, which isn't really that big of a problem, but it is when your network is new like it was post rollback. We are beyond all this now so it's all ok. However we did realize a few things: 1. ETA's usually cause more problems than they solve. The reason being, as you can see from the mintpal fiasco we cannot predict certain scenarios especially more extreme ones, and in crypto if you miss a deadline or the release is incomplete on the deadline, there is typically a dump. This is not because we didn't work but because we set deadlines that we were not able to meet for many reasons usually. Honestly there were multiple nights that I was up till 5am trying to meet a deadline, it's not a good approach. 2. So if you need a strict ETA for investment reasons you are not going to get it here. With the help of Socal and Scott Allyn we have devised a new system for being clear with everyone about where we are, but without setting ourselves up for something we cannot always predict. http://vericoinnews.info/vericoin-roadmap/3. See it from our eyes for a moment. We put blood and sweat into VeriCoin and nearly watched it get killed by some hacker. Thankfully they were not successful and we hacked the hacker essentially. It's also now not possible to hack that much coin. However aside from the draining aftermath we had to recover ourselves, physically and emotionally. In addition Pat's grandfather passed away, Dave moved into a new house and so on. You add all these things up and yeah our schedule fell behind and we have been less active in the forums, but that is nothing compared to everything else. 4. Now we are coming back and stronger than ever! Our network is stronger than it ever has been, 22 million staking today! Our community and coin persevered one of the most devastating attacks in crypto history! The community has rallied in a major price trough to build a news site devoted to VeriCoin, VRC Radio has a third DJ, the new website is out (big collaborative effort). All promised projects are very actively being developed in addition to totally new ones that move the ball forward even more! We need a strong community to build a strong currency and we have that! I say if you think you have what it takes, join us! This could be a good idea...not sure how it would effect the economic model tho. The DEVs have stated many times that they would not increase interest rates. But it could work like a GIC(Government Investment Certificate) where you lock your money in for pre determined time and collect interest at the end of the lock in period. So you would lock in your coins to stake and not able use then for a week, a month or even a year. The wallet would keep track of staking time so if shut your wallet the it would start at the time you left at. This would secure the coin but I don't know how it would effect the coin with regards to dumping, people would just dump there coins they gain from interest or they may not. Thoughts? this would probably be something better instituted by the VeriBank rather then the Devs doing what they claimed they would not and increasing interest rates, just my thoughts on it |
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[ Thank you for taking the time to reply back to us on bitcointalk - I know y'all are chillin in the IRC channels frequently but it's always nice to actually see a post done on here. Just my opinion but if you could continue just to chime in every day or two with a simple post I think it would relieve some of the stress the community is experiencing with the lack of feeling like we know what's going on.
Anyway, thanks for taking the time to share!
there should be the possibility to stack the wallet online somehow and not leave a computer 24h online for 3 months to gain that level increased stacking level. Maybe we can make it possible to let coins stack on the decentralized exchange somehow and let the exchange nodes do the computing work? Does somebody know if this is even somehow possible? Holy... Imagin every coin could be separately stacked on the decentralized exchange. This could take over the volume of all other altcoin-exchanges. The Devs are working on this as we speak...away to stake without the need for a computer. With a bit of tweaking, it is my understanding that you can stake with a Raspberry Pi with no need for a computer, although I haven't tried it myself yet |
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First off, the new website is up what are you talking about? Secondly, the devs have been posting updates just not as often because they have been WORKING and have had things happen in their REAL LIVES, Pat just had a loss in his family and has been out of state and Doug is busy hammering out the new wallet UI. They also JUST did a hangout with Chris Prillo last week, not to mention what would they POSSIBLY gain from dumping and running when everyone knows their names, their faces and where they live? Monkeys dude seriously I have talked to you before you want out I can't and won't stop you, but honestly what is more important, the Devs CONSTANTLY posting in here all day everyday EVERYTIME somebody gets shakey or them doing their jobs as Devs and DEVELOPING? They should just say screw development and the necessary marketing/business relations building to handhold every weakhand? Not to mention look at the current market MASSIVE buy support on bittrex AND most coins are staking which means demand outstrips supply at this point. We have fuel and we have flame, not long before we get fire. EDIT: Oh ya and not to mention the things that are being worked on that HAVENT been annouced because of legalities/proto-status so go ahead get out now, but make sure you are prepared to make a public apology later on when we get back to/past 30k DOUBLE EDIT: And they learned from what happened directly after the MP Hack that all of their timetables got pushed back and they could no longer guarantee the Deadlines because of time lost fixing the hack and because of Real Life demanding more of their time. So therefore they are no longer putting out as many or as detailed updates BECAUSE of peoples tendency to act irrationally everytime they were a few hrs late with a release or a reply. Oh ya and some of these features are being done by third parties not the Devs the VeriBank and iOS Wallet are being made by COMPLETELY DIFFERENT DEVS NOT PAT DOUG OR DAVE so please tell me how they are supposed to give you hard timetables and updates on things they aren't even working on. Thats like somebody asking ME for an update or deadline on YOUR work. In closing:  PRO TIP: Devs are on IRC more often than here and I STILL have yet to see you join IRC (unless you use another nick on IRC, but if you did then you would know Doug was in there earlier tonight talking to people) so how about you do a lil research before making allegations. |
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Why does the price drop every single day ? is there any good news to pump the price up ? I bought my stash at 20k and it seems I have lost 50% of my capital
There's constantly good news problem is the lack of liquidity in the market in general and people chasing the P&D coins but with our devs constantly working and coming out with new features there's no way that long term our price will remain so low |
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