It definitely would help to grow the network hash rate and secure the network.
it also benefits multipools to jump in especially large ones as jumping in increases reward.
What kind of impact would it have on price is fuzzy to me.
But in general as it would get attention of most miners  (so more people) it might have very positive impact on general awareness.

was just thinking about possible markets.

Maybe would be good idea to make a list of potential environments that use some sort of their own currency and approach them to switch to crypto and vert.
I think secondlife has some sort of their currency not sure how alive it is nowadays.
Online games, where some sort of buying stuff is taking place.
xx webcams and sites that use some sort of tokens etc.
there must be like millions of such sites/environments that use some internal tokens and moving to crypto could be benefitial to them no need to mess with token databases and fiat conversion and stuff.

(little side question , dont laugh , feeling dumb already,   made reddit account today, never used, posted few repplies  in vert threads , and i can see my posts in theread only when i am logged in , when not logged in they are not in there, a little WTF moment )

 I don't know but i've been told
Vert is best cc in the world.

No pain, no gain

Algo , block reward well those are small things and god knows if they help anything.

Well i personally havent contributed anything to the coin, few posts here and there, Just own a bunch of vert and mining it with 1 rig.

Question is what is a coin community? Some people mining and holding a coin and commenting in threads? If yes than not much is coming from this.
Partially the coin is owned by developers but in reality developers should just be the guys who started it. The main things and stuff initially comes from developers but thats it , cryptocoin should be something that community develops. But what can regular Joe do?

Lets take the vertcoin web example , well dev team could propose the general frame, but why not to make the vertcoin web as a community tool.
Something like wiki.  This is just one example all the things should be made keeping in mind that some frame is generated and then crowd can do something with it.  If we take bitcoin as an example then there are like thousands of communities doing/developing something on top of it.

So to sum up community should develop things and "The devs" should not be the only devs.
And as i said i personally haven't contributed anything (except 1 donation to this marketing campaign) , and i am probably not going to dig in to cryptography and shit ,   but if there were some tasks that more people could handle then most probably i would also contribute.

So anyone here could start something    

EDIT:
For example we could implement reward system.
1: Define a task
2: estimate a cost of task
3: collect the pot
4: who ever developes the solution gets the pot.

Ex: Vertcoin facebook ap  10k Vert,   Vertcoin DNS solution 10k Vert .. seriosly whatever sky is the limit and recourse is the world.
Or developers can also finance their own hours with community financing.

In other hand block reward should not be changed lightly, especially if longer term view is considered.
Also as total amount of coins increases the daily inflation also decreases.

Time / total amount coins / daily coins mined / %of daily coin supply increase

Now   5903950   28000   0.474258759 %
+1month   6767950   28800   0.4255350586 %
+2months   7631950   28800   0.3773609628 %
+3months   8495950   28800   0.3389850458 %
+4months   9359950   28800   0.3076939514 %
+5months   10223950   28800   0.2816915184 %
+6months   11087950   28800   0.259741431 %

Yes , possibly not feasible , anyway i imagined it looking something like this.

Well the overreaction could be in both ways  balancing out for the steady miner.

What is energy efficient algorithm?
I understand that X11 mining at the moment reduces power usage compared to scrypt-n , but  as i understand it is only because miners or drivers are not yet able to utilize 100% of GPU recources. And this cap is getting smaller with each new miner release.
And can we even talk about any energy efficiency as the computational work itself is only in place to avoid lots of people solving blocks simultaneously, and solving hashes has no other benefit.   If it would be about processing transactions then probably few GPUs could do entire thing.

Any thoughts?

The previous illustration of stealth seemed bit confusing to me.

Sketched my own understanding based on  https://sx.dyne.org/stealth.html

First i say that i do not know much about specifics of how the diff change algos and stuff works.
So not sure if i make any good sense.

But what about such idea:
When multipools enter they cause spike in network hash rate.
and as hash rate increases diff increases i do not know if it is linear relation or not.

But what if in case of big spike in hash rate change, the difficulty rate would overreact.
So lets say 600mh enters suddenly network then diff would jump exponentially (overreacting) and would take some time to calm down to the level it should be at such network hashrate.
Like creating resistance or inertia.
So when Multipool jumps in it must initially stay in not profitable environment and wait for it to become profitable. So all kind of jumping is discouraged.

And if network hasrate grows in normal slow rate then such resistance would be practically non existent.

I live in east EU 0.11€  kw/h  country average yearly salary 8500€

I believe gas and electricity always cheaper in US than EU
probably 1 thing is that US has not agreed on kyoto treaty and  does not care how dirty the power stations are.
another thing probably is just because of dollar and cheap oil and stuff from "liberated" countries 

Dark
Marketcap 56,410BTC
Coins daily 2000@0.01210000=24BTC
Daily inflation=0.042% (15% /year)

Vert
Marketcap  4,150BTC
coins daily 28800@0.00073=21BTC
Daily inflation=0.5%  (182%/year)

But it is not easy to say what should be the normal inflation.
If everybody in the world would use Vert and inflation would be 182% then ok it is dead.
But without knowing how much new people each day adopt the coin it is very hard to say if it is too little or too much inflation.

Regarding the multipools.

http://www.verters.com/block-analysis

Wafflepool 10%   so they should generate 2800VTC / Day
and lets assume that there is another 5% of other multipools not visible on a graph.

So roughly 4500VTC per day sold by multipools.
with current price it equals ~3 BTC

According to coinmarketcap  Volume (24h) is 300 BTC

So the multipool action in daily volume is 1%

Makes me wonder if the mentioned multipool issue is the "advertised big issue" at all?

Ok, you can stop dumping now i am already all in, Thank you. 

In general  i am in favor of opensource. But the amount of copy-paste things flying around (diluting the solution) is depressing.
Maybe delaying the source code availability is not the best option but might at least help to make distinction between teams that make stuff and teams that copy stuff.

Well the emotions are high but i think VTC should just continue its previous plan.
Stealth and next new ASIC resistant algo.

At least should not drift away much from original principles that it was founded on.

Shit just happens, VTC happens to be at the moment best coin to mine to get BTC and thats it.
There will be another victim soon to this.
And winner is the one that has most real world applications.

And +1 to this  delayed source code publishing idea.

Not sure how correct this is and how asics fit into picture , but:

Looking at multipool.us avg profitability table:

0.00093793    Scrypt (Bitcoin/MH/day)
0.00329214    Scrypt-n (Bitcoin/MH/day)
0.00010385   X11 (Bitcoin/MH/day)

roughly 1MH Scrypt-n should be approx 2MH Scrypt or 10MH X11
so adjusting the numbers:

0.00187586 Scrypt (Bitcoin/2 MH/day)
0.00329214 Scrypt-n (Bitcoin/ 1 MH/day)
0.00103850 X11 (Bitcoin/ 10MH/day)

Seems the scrypt-n dump can last a while as it is still times more profitable :/

Watching VTC price hurts so bad :/




Well yes it is  - as a VTC hoarder i would like to see some supply manipulation to make a profit.
But the non profit me  thinks that coin should be honest and float free in the market at least it should be better for coin itself in the long run.

I can also argue against my previous comments

Messing with money supply in other hand is basically market manipulation that currently also central banks are doing. Not allowing free maket to decide the fair price.
Protecting and benefiting either hoarders or spenders.