We've had no developments for weeks, no updates, lots of over hyping. I'm sick of it. Now some pumper wants to pump the coin everyone is getting giddy.
This has no basis. Jl777 is no pumper or what you are describing. If you see no chance for vericoin why are here and didnt sold your coins alread? You are sick of vericoin because you are a bagholder now someone comes to help you get rid of that bag and you hate him for it. You thinking is flawed. Trusting the devs with the escrow doesn't appeal to me. The fact this James fella is anon is also a deal breaker. If he was serious about this thing he would be putting his identitiy out there for people to judge. It has got scam written all over this thing.
its a no lose situation ... No it is a lose situation. We are putting our money under the watch of three devs who so far have shown nothing but naivety. What's to say that the community all agrees the supernet was a fail but the devs overrule us all and give him the funds. Tell me how that situation is no lose... Up until now i see 3 people you included that are against it. Everyone else so far i met was positive about it. On the other side i see nearly 400 k in the escrow wallet Of course I'm a bagholder like 95% of the people here. My thinking isn't flawed I'm just a realist. This not revolutionary like people are saying. This dev wants to ICO before he even has any code out there. And even worse he's anon. At least with Ethereum there is people willing to sacrifice their professional profile for the cause. Also don't put words n my mouth by saying I hate this guy. I don't, I just want transparency and a deeper explanation as to what he is trying to achieve with supernet. Most of the code is done. Mgw runs for quite a time now. Instantdex and teleport is nearly finished. Just privatebet will take a bit. Also the code and every new code is updated at github to look over - james is actively supporting the check of his work. Can you link me the github please. I just don't like the nature of this project. He seems a clever Dev but c'mon the anon part is worrying. prepare for 40+k lines of code  |
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We've had no developments for weeks, no updates, lots of over hyping. I'm sick of it. Now some pumper wants to pump the coin everyone is getting giddy.
This has no basis. Jl777 is no pumper or what you are describing. If you see no chance for vericoin why are here and didnt sold your coins alread? You are sick of vericoin because you are a bagholder now someone comes to help you get rid of that bag and you hate him for it. You thinking is flawed. Trusting the devs with the escrow doesn't appeal to me. The fact this James fella is anon is also a deal breaker. If he was serious about this thing he would be putting his identitiy out there for people to judge. It has got scam written all over this thing.
its a no lose situation ... No it is a lose situation. We are putting our money under the watch of three devs who so far have shown nothing but naivety. What's to say that the community all agrees the supernet was a fail but the devs overrule us all and give him the funds. Tell me how that situation is no lose... Up until now i see 3 people you included that are against it. Everyone else so far i met was positive about it. On the other side i see nearly 400 k in the escrow wallet Of course I'm a bagholder like 95% of the people here. My thinking isn't flawed I'm just a realist. This not revolutionary like people are saying. This dev wants to ICO before he even has any code out there. And even worse he's anon. At least with Ethereum there is people willing to sacrifice their professional profile for the cause. Also don't put words n my mouth by saying I hate this guy. I don't, I just want transparency and a deeper explanation as to what he is trying to achieve with supernet. Most of the code is done. Mgw runs for quite a time now. Instantdex and teleport is nearly finished. Just privatebet will take a bit. Also the code and every new code is updated at github to look over - james is actively supporting the check of his work. |
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Kasman. It's a no lose situation. If our coin doesn't appreciate in value massively from this then we own him nothing and all coins are returned to the senders. You only sell the coins to him once he's proven to provide real value and price appreciation to Vericoin shareholders in which case you are already up hundreds of percents in profit.
How long do we wait till we know if its successful? What is the price that is considered successful? Everyone says to give which I don't mind but details are sparse to say the least. Successful is atleast a 5X move to .0005 with the next level being .001, a 10X move. Effects will refund all escrow funds if the deal does not complete or if we never make it that high. In both situations you either get your money back or enjoy the 500% gains! The only losing move is to refuse to donate as much as you can and cause us to lose the deal. Here is the address and you can see how much the community has come together for this in an amazingly short amount of time! :-p https://chainz.cryptoid.info/vrc/address.dws?VECuyuNjLDh437hJfABSxV1817D982S4H6.htmOk buts what the time table before its considered a success or failure?? a day a week a month you get my point? I don't mind giving if the devs are behind it but I need to know some time tables before I give a nice portion. The plan is for 6 months, but we will see price increase much sooner like 50+% right now. 60 mil marketcap in 1 year ( but tbh this is probaly the best case scenario) Also the price has to be stable and tech delivered of course |
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We've had no developments for weeks, no updates, lots of over hyping. I'm sick of it. Now some pumper wants to pump the coin everyone is getting giddy.
This has no basis. Jl777 is no pumper or what you are describing. If you see no chance for vericoin why are here and didnt sold your coins alread? You are sick of vericoin because you are a bagholder now someone comes to help you get rid of that bag and you hate him for it. You thinking is flawed. Trusting the devs with the escrow doesn't appeal to me. The fact this James fella is anon is also a deal breaker. If he was serious about this thing he would be putting his identitiy out there for people to judge. It has got scam written all over this thing.
its a no lose situation ... No it is a lose situation. We are putting our money under the watch of three devs who so far have shown nothing but naivety. What's to say that the community all agrees the supernet was a fail but the devs overrule us all and give him the funds. Tell me how that situation is no lose... Up until now i see 3 people you included that are against it. Everyone else so far i met was positive about it. On the other side i see nearly 400 k in the escrow wallet |
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Trusting the devs with the escrow doesn't appeal to me. The fact this James fella is anon is also a deal breaker. If he was serious about this thing he would be putting his identitiy out there for people to judge. It has got scam written all over this thing.
I dont understand. So you saying you are not trusting effectsToCause our vrc dev? Because he is the escrow So you dont trust and believe in tge devs, why are you here? Because the devs are vericoin and vericoin the devs for the most part |
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Is it confirmed that VRC bought their way into SuperNET?
Or did James agree to help you guys sometime later, nothing to do with SuperNET?
no we are funding 500k vrc right now to show james that vericoin has still a strong and united community which is worth to work with. alot more details in the 2nd part od the irclog on page 788+ but he will help coding a unique feature similiar to btsx in short So none of this has to do with SuperNET? As earlier on the page someone listed VRC as a coin in the core. yes it has to do with supernet and no, theres is no such thing as a freepass into supernet core  I never said free pass, I said bought your way in. If it gets added to the SuperNET core, what is to stop James from making other communities also pay to get in. well you shoulda have read the irc log like i recommended you and the answer to your question is still: No vrc didnt buy themself into supernet core |
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is there any limit - how many altcoins can join the supernet ?
James said he is hand picking the ones he wants - or something along those lines. So far it's NXT, BitCoinDark, BoolBerry and VeriCoin I believe. exactly 256 Coin Limit Hey Kevondo, how much are you chipping in to the fund
I've donated over 12% of my holdings to various VRC Community projects and been a vocal supporter.
The fact ij777/James chooses to remain anonymous is a Deal Breaker for me. (Even if I could justify the other points of the deal on principle.)
But it wouldn't matter even if I was fully behind the deal I still wouldn't give anymore VRC.
I've advocated a 10% community wide committment to the VeriFund since the beginning.
In my mind I've given my share of VRC. If my stash was much "Grander" and considering "economies of scale" it might be I would give a larger percentage amount. But I have what I have so the reality of that will never be known.
But That's Just Me.
its all good, everyone has to decide for themself - there were people donating more then 10%. |
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Is it confirmed that VRC bought their way into SuperNET?
Or did James agree to help you guys sometime later, nothing to do with SuperNET?
no we are funding 500k vrc right now to show james that vericoin has still a strong and united community which is worth to work with. alot more details in the 2nd part od the irclog on page 788+ but he will help coding a unique feature similiar to btsx in short So none of this has to do with SuperNET? As earlier on the page someone listed VRC as a coin in the core. yes it has to do with supernet and no, theres is no such thing as a freepass into supernet core |
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Is it confirmed that VRC bought their way into SuperNET?
Or did James agree to help you guys sometime later, nothing to do with SuperNET?
no we are funding 500k vrc right now to show james that vericoin has still a strong and united community which is worth to work with. alot more details in the 2nd part od the irclog on page 788+ but he will help coding a unique feature similiar to btsx in short |
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drkman, back when the total amount was 500K, you'd mentioned matching donations from your own funds. Now that we're back at 500K (at least for the "Proof of Interest" phase), do you still plan on matching donations?
If he is bagholder in the irc then he is doing it atm, but its 10% adittional Big thanks for it |
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ok im back at home but no access to my wallet.
i have vrc on a exchange that i can send. that could be a problem though if i should get a refund right? @effects
@warr1979
read my last post for a short explanation of supernet.
we need to donate to get into supernet. but its not really a donation because we are getting paid for every vrc donated.
for details please read the post above from effects and drkman.
the fund will be for james coding a unique decentralized feature to peg fiat to vrc like btsx - this should be done around 6 months (read irc log 2 pages ago)
and he only gets the funds if the price rises to 100k sat and is stable.
until then it is in escrow, which means theres zero chance of a theft/scam.
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There wont be any change to vrc how it is right now.
There will be only additions in form of different unique features of other coins included in the supernet core.
Our 3 devs will stay our 3 devs.
Imagine crypto currencys are planes to transport people. Supernet will be the airport.
To be more precise supernet will be a platform that gives every coin that is in the core or coins that are connected with supernet a link which then allows them to be traded near instantly - using their features and also decentralized.
Also 90% or the supernet profit will go back to the community: supernet asset holders and supernet core coins as dividens
On top of that supernet is holding around 10% of every core coin (vrc for example) - here smart people will understand now that supernet is not hot air, its fully backed with btc, corecoins, several nxt assets of james that play a big role in supernet - and if its pos like vrc the stake interest will go back 100% to the (vrc) community.
This is just a small idea of supernet i will post more later
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Ok i think the main problem here is just most people dont understand and know the concept and idea of supernet.
Vericoin doesnt get sold or whatever.
If by later in the evening theres nobody who already explained everything i will take it on my shoulders and elaborate everything - im just on the top of a moutain atm lol.
Tbh i could just not explain, buy and donate but i believe in the vision of james that crypto will unite everyone in a big open and civil community without a dog eats dog mentality.
Sharing and caring is the motto
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I get what barb was saying about IRC and the moderation. If you oppose the view of anyone in the IRC with a moderate button, you get squelched. Really cute guys!
But go ahead, take the deal, jl777 will put you under his umbrella and make you rich. I am certain of it. All you ballers!
Mark this post, in 2-4 weeks you will see a whole new group of bagholders. But that is okay, because at least the people pumping this deal will have the opportunity to profit before people catch onto the game that is being played here.
I'll be buying shares as this is announced and sell it every chance I get on the way up knowing that full well this is not going to put vericoin in a position of future strength or growth. Just being real, Get this thing going on BS and I'll profit with you, that is fine, but it is not the right way to do things, and surely, those not smart enough to see through the BS will hold and be bagholder 3x
Hi, Why are you throwing with words like smart around when u just posted some weeks earlier that you were spending all your life savings into miner and it was a bad decision? Now you are talking like a pro trader who earned millions. Read james post again. All his works has big substance - its not a pump and dump, just look it up. One hint for all the people out there reading here. Would you take financial advices from a beggar or from the millionaire who already archieved economical freedom? ( this example is not meant to be offensive to you b4c) |
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I think its important to post all news here in this forum.
I think alot of people are not joining irc.
I will try to join later in the evening though
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Hi guys. I've been pretty tied up and actually at a funeral right now but Doug mentioned that jl777 (dev4 hopefully) stopped by.
I'm behind him 100%. Let's get this done and with James' help, take VRC to the next level. When I get home today, 75k coins are moving from me to the supernet fund.
I've taken a close look at James' work and it seems to be the real deal. Let's rally and push to get this done and show James that our community isn't just a bunch of people who argue here and call names.
This sums everythink up. I made alot of btc thanks to james work. His integrity, intelligence, honesty, hard working and delivering are without doubt. Im 100% behind it as a vrc supporter and investor. To all the people who are smelling scam and snake oil: The vrc are in escrow and backing supernet itself. There is no chance of lost funds, theft or dump at all. Tbh my opinion is if we cant trust james theres no one else in crypto world that you can trust. He is one of the most straight forward and honest people i know. Regards Criptix |
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Is it possible to transfer the tokens to a "wallet" on my own instead of leaving it there on Bter?
The token is like unity technically a nxt asset too. So im pretty sure answer is no. So I should not utilize the TOKEN/NXT exchange on Bter? It looks available to purchase.
Right now its a demo. Ico will start 06.09.2014 14.00 gmt |
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Hmm compounding, but how often...?
Every time you get interest. Assume we have 1000 btcd. 1. You transfer the amount to your wallet and dont open it for 1 year. Then you open it and stake, you will get 50 btcd. 2. You transfer the amount and stake after 1 month. You will get (1000*0.05)/12 ~=4,167 btcd. Now you have a baseamount of 1004.167 btcd which you earn interest on. So 2nd month: (1004.167*0.05)/12=4,182 and so on. Maximizing this means staking 24/7. Besides interest you also get txfees of the block which also stake. And you are securing and supporting our network with it. Happy staking |
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So what would be amounts gained for staking with 1000btcd...?
1000*5%=50 btcd yearly
50/12=4,167 btcd monthly...??
yeah pretty much you can increase it by a bit through staking more often (instead of once a month etc) |
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Just picked up my first couple of BTCD's. Would like to start a local wallet and open it up for staking. Noob question here, once I've followed the instructions to start staking do I need to leave the wallet online for it to occur or can it be taken completely offline?
You don't have to have the wallet open in order to stake as your coins accrue "coin age" regardless of whether it is open or not, as long as you do not send or receive any other BTCD to your address. When you do next open your wallet (and unlock it for staking) your next stake amount will include everything for your coin age. In other words, you could just open it once a week for a few hours (or until you receive a mined block) and you would receive the same stake amount as you would have done if the wallet was open the entire time. All up you get around 5% pa from staking, and of course there is the as-yet-unknown income that BTCD holders will get from teleport, anon credit card, SuperNET, etc etc. Good to know. So if I decide to pick up a few more coins on Cryptsy or something I should hold them in a separate wallet for staking purposes? Does adding new coins to a wallet that is currently staking somehow mess with the coin age? yep it will reset the coinage and you will have to wait 8 hours to stake. but you could also make a new wallet and send it there edit staking 24/7 will give you more, because of compound interest and additional txfees |
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