Nobody can ever say this is not funny.

Now, with everyone and his aunt running to stake, the supply will disappear and the price run back up?

I have ordered lots of pop corn...

Yep. You will find particularly enticing the fact that he doesnt believe in devs not being paid -as in a salary or some dependable source of income-. Since he made all of 6 btc from the amazingly successful ICO, you do the math...

FUD, FUD, FUUUUD....

Havent you heard yet? This coin is the only hope the world has to survive... and I will be eating my words when the market cap reaches 10 million BTC... which is sure to happen within a week or two...

Amazing, really really amazing.

Other than the "dumb fuck" nothing else makes any sense whatsoever... obviously you are quite familiar with being a "dumb fuck"...

Most of those are on the new forums though. You obviously belong in there.

One thing's for sure: Evrryone still in on this mess of a project fully deserves what's coming to them.

It is amazing to me that you can think of those cards as anything with even remote interest for the oeople that are not already experts in cryoto currencies. Simply amazing.

Almost as amazing as to believe that creating the cheerleader's club would have any other effect ghan the one it is having on the price.

I live in perpetual stste of amazement here...

Nah I believe whst really gets it into motion is the hangouts... they should become a daily ghingy. And at least 2-3 thrilling hiurs in length.. With Kewondo ss MC. And followed bg the radio show and a weekly "Top Ten AT THE END OF THE DAY's" to boot. That would fir sure take the prince back to the 50s in a hurry....

Solid as a rock indeed...  getting solid-er by the minute too.

Almost as solid and successful as that friend's coin our devs have sponsored officially and helped launch. Smashing success indeed...

Nope, still here.

@ UK,

YES it is disappointing that James dont answer quite crucial questions of late. Perhapd the reason for the decline in price of late? In any event James absence of this forum will spell doom for vericoin. If he doesnt show up here, singles here we come again....

I was just answering a question, ASSwipe...

It is actually less than ZERO... in many cases. As you know there are people who rent miners and, obviously, those which are not rented are either collecting dust in the shelves or are put to mine things like SEED. For those the cost is less than zero for they derive profits from the rental business. Individuals doing the renting are very, very few I'm quite sure.

Like I said, I am flabbergasted with the price holding here and not having gone yet at least 20 times lower... Watching it now with very special interest.

Recouped.

So 67 Seed were bought in the ICO. And now there are a total of roughly 600 out there. It means that 85 % of the coins were acquired at a cost of ZERO, right? And still the coin is roughly traded at 20% below the ICO price?

I guess miracles do still happen...

But they, for sure, don't last.

So I was mistaken and it was 67 SEED bought not 67 BTC in SEED... wow. And that with the full endorsement and support of the entire PINK team. Can you believe it? I have no words... there's always a first time...

Sorry I haven't followed that one. The way you put it, sounds quite entertaining though, so sorry that I missed it.

I don't believe they will disappear and certainly not within a year. What I expect is a fire sale with all the BS disappearing (that will account for about 80% of altcoins, probably more). But there will be survivors. Supernet? I don't know. I believe it could be the basket of the surviving ones. But the surviving ones will have to prove they serve a purpose (use and/or storage of value). You are quite right that, so far, only BTC seems to serve both purposes, but that is changing> For instance, there's a project coming up in less than 2 weeks, BRO, that uses the simplest of concepts: Crypto as chips, as in casino-chips. That will be usable from day one. And with a huge amount of customers already using either real chips in casinos everywhere, or money (fiat) as chips, online. Since it will comply with all the laws of the land and it is professionally supported and launched, I am quite sure it will be successful. And will "live" for many years. In the Supernet? I am quite sure James is already on the case.

Other ones such as Vericoin? I don't know. Whatever magic James can continue to invoke, will be the ONLY means of survival of Vericoin, beyond a couple of years, tops. Meanwhile, who really cares? All people in Alts care about is making money not in one year but in one week. Or less. The bags don't help the cause, of course, but still enough come in with some resources to try while the bag holders choose to believe in fairy tales that would invalidate their... bad luck.

You have to understand, I'm sure you do, that this whole shebang is a hobby... and expensive one at that. Most people involved in it have invested in it some decent money through GPUs, asics and the like and, lacking cash, they will point their "miners" to anything at all for as long as any of the 8 decimals turns a numbers, regardless in what amount of time. So the games will continue, every time in smaller scale, with a few players dominating and pushing the tech forward. The rest, more than happy with being also runs... especially if they can be interviewed in youtube every once in a while... or conduct their own thrilling pow wows.

But there's a future for altcoins way beyond one year threshold, no question about it. Especially when the legislative clean up machine comes through.  

Thank you but I will pass... while I am waiting for James answers to my questions a couple pages back. And will continue posting here which is where anyone with real interest in Vericoin will always post. The cheerleaders' bleachers sound a bit juvenile to me... too old for that shit.

@ Cryptzo:

After reading your OP, all the pages in this thread and your website, I believe I "get" what this project is. Please feel free to correct any and all inaccuracies...

-- You collected about  60-something BTC in the IPO. But the "wall" that was supposed to exist and being managed by the PINK team is no longer, is it? Since you didn't even come close to reach your target of 500 BTC, that part of the equation (50% of the ICO money destined to safeguard the price at a minimum 0.00012500 BTC) is effectively cancelled or that safeguard will be maintained with just over 30 BTC? I am quite surprised no one seems to care about this...

-- This project has no innovation whatsoever. It is a fork of another coin, as you have admitted, a copy/paste, to be quite frank. The gimmick here is the "1 to 10,000 in 7 days" trick that will supposedly entice greedy miners/early investors willing to plunk out their money for... nothing. Nothing innovative or that brings anything to the table,, right? I am sure I am missing something VITAL here.... but please spare me "future projects and features you have planned". I take it that you have huge plans for this project once the 7 day/269% staking period is over and even greater when the 16%/1 year period is over: It is all in your mind and therefore protected so others cannot copy your brilliant ideas the way yo copied the code of the coin. You don't need to insist in that.

-- As you have already warned several times, there will be a humongous dump when the 269% staking period is over... which you hope will balance out with the added coins gained through the "1 to 1,000" gimmick... and then what? what will be the purpose of holding beyond that, the 16%? Fluctuations of way more than that are common every day right now in SEED -and in many other coins, PINK included... I see a train heading for Palookaville myself, but what do I know?

-- Finally. As per repeated statements, you don't believe in developing for no salary/income. So your salary/income for the arguable many years ahead for SEED, will be those 30-something BTC you got through the IPO? I mean you were counting on 250, or more... (or, in FIAT, around $85,000). 30 BTC are only, roughly $10,000, hardly enough to make rent for a year, let alone any other expenses... how are you going to find the rest to cover your needs? These are NOT personal questions, but directly related to this project and based on your own voluntary and quite clear statements...

I am almost sure you'll have all the appropriate clarifying answers. I thank you for them in advance and will wait for your post.

Edit to correct: Since I hadn't read Fayoling's post above when I wrote this, it seems that you collected much less thyan I had thought in the ICO. The question, therefore, remains... only with way more urgency now...

Since you ask nicely, I will answer now that I have access to my laptop again instead of just my phone.... oh and you are doing fine by me monetarily-wise. As you know I am  a modest trader and have been able to trade PINK for profits a few times, so no worries there.

What I would have liked PINK to be was outlined in my proposal, which has been post here a long time ago, and that was in direct line with what PINK was originally intended to be... long before you and the software guys decided to "please every one" and more than anyone yourselves by using the platform as a window to sell software... the kind of software a clean coin like the original revamped PINK would not touch... you know? the shady kind? Because PINK was a REAL long term project bent on being USED by people to buy all kinds of things, not a means to entertain illegal pursuits. Or gambling (we did not know at the time that our main man was, in real life, a professional poker player, mind you). You see, those activities are ILLEGAL in the US and sooner rather than later, it's going to catch up with PINK, even before it has lost any semblance of "clean" coin ready for legal approval and mainstream use.

PINK did not need great coders, it was OK as it was: Fastest than most and as secure as any. Much less it needed coders securing themselves a part time (at their total leisure) income with no obligations.

It did not need either to have it's official thread converted in launching pad for friends' coins of extremely doubtful purposes... or none at all.

I liked that coin. It did not need you. Nor any of the others, except Danny -a Danny not mixing profession with PINK, except exceptionally and on a case per case when circumstances warranted-. It also needed people willing to stand for the values that now have become a parody... even with this late push for Breast Cancer (as appreciated as it is). It just needed, again, to be fast. To be secure. To be clean.

Having helped senator Warren gain the White House in the next election (or Hillary, worst case scenario), would have also been a tremendous (and possible) thing to do too.

PS.- If there are some big words in here that you don't understand easily, I suggest Google. It does a remarkable job at explaining some terms.

I use it all the time myself.

Better late than never.

Better something than nothing.

Why re-launch?

A failed POD is way worrysome -and probably the cause of the sell offs- and, more recently, failing to deliver on the self imposed obligation (white paper for September).

I dont think BRIT needs a re-launch. I believe it needs clear proof of developers and delivery on promises. A re-launch simply look gimmicky and should have no positive effect whatsoever.