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Got a question. Once you have put your Existing KMD address to send to Bittrex and press on PAYOUT, SKIP and CONFIRM, is there any way to know for sure that everything is done? such as an email to confirm withdrawal, or a message in control panel saying "you have requested withdrawal", or "withdrawal pending" etc?
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I think I have explained this many times already, so it frustrates me that you and others still think this about me.
I was hospitalized in May 2012 for a perforated ulcer. I want you to read about what normally happens:
http://www.meb.uni-bonn.de/dtc/primsurg/docbook/html/x3617.html
So all the organs in my abdominal cavity were bathing in stomach acid for roughly 2 - 3 days, until the hole closed (my hole did not close within 6 hours!). Burning alive is incredibly painful when you don't have painkillers. If you want to know the feeling, go put your hand in an open flame and hold it there for 3 days.
Any way, being that I am in the Philippines, I didn't receive proper out patient care, and thus apparently it healed with some problems, such as potentially deformities (e.g. a "blind loop") or bad microflora infection that can't be eradicated.
The reason I know this is the case now, is because I got a diagnosis of NAFLD from a full abdomen ultrasound a few months ago, wherein they say that my liver and kidneys were roughed (sign of damage) and my bile ducts was sludge. I have dark inset around the eyes (didn't have this before) and this is a sign of liver malfunction. The filipino doctors weren't aware of the recent research has highly correlated NAFLD with SIBO (small intestinal bacterial overgrowth) which is explained because 70% of the liver's blood supply comes from the portal vein originating from the small intestine.
To give you further proof, I ate all-I-can-eat buffet on Sunday and I was in a lot of pain and discomfort (could barely stand up as we left the restaurant) because the food couldn't pass. I had extreme pressure. I have overeaten before this health ailment and didn't experience that level of pressure. (note I consider this yet another experiment to try every possible thing that might solve the problem, e.g. forcing food through).
My health issue is not imagined or caused by mental attitude. I do workouts and anything I can to try to restore my health, but there is a physical problem. And the symptoms are not just annoying but rather debilitating to cognition much of the time (reducing productivity to a fraction of the healthy cognition). And so that is why I am finally decided to go to a research university hospital in Singapore which specializes in this. I should have done this a long time ago, but for the longest time I was uncertain as to the nature of my illness (and that is another longer explanation). Recent events and awareness of certain information has homed in my understanding of my illness and made me confident to make such expenditures. I have no health insurance at all. I will be paying cash. I had hoped I would heal naturally as I am very athletic guy and had always been able to heal in the past from anything. But this one is physical and has to be dealt with physically by experts. No choice. After 4 years of trying every possible thing I could try naturally. Everything! Got Lyme/Babesiosis and the rest of tickborne diseases tested to rule that out? http://cid.oxfordjournals.org/content/34/9/1206.long |
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@ScottAllyn Iīve sent you a PM have you seen it? thx
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[...]Sorry, Barabbas, I'm not that easily trolled.  The thing that I find rather fascinating with your antics is that you truly don't seem to realize how you alienate the very people whom you're trying to "educate". If you could express your views without being so self-righteous and obnoxious and could provide criticism without being rude and condescending, you'd have the support of so many people (and likely the ears of a lot of developers who have shrugged you off). Yet you blow it almost every time and are left with just a dwindling handful of supporters along with a few others who actually use you for their own agendas.[...] It is absolutely essential that Barrabas keep continue providing his constructive criticism in this thread. Barrabas presence is the guaranty that the coin is going to the right direction :-))) ::cough::  How moving was that? ...we get you barbie!! Cmon guys lets give him a big hug!! He needs it!! |
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What is up with the Windows wallet? Why is the wallet not syncing? I re-installed wallet and rebuilt block chain. I don't remember this being so difficult?
Been gone for a while. Help is appreciated!
do you still have a problem? better go on irc
somebody can help you there.. I backed up my wallet and deleted every trace of vericoin then reinstalled. It seems to be syncing further. Thanks for the concern. I'll let you guys know if I still have trouble. Now for my two cents... Vericoin is hands down one of the most ambitious projects I've seen in crypto. Veribit alone makes it worth while and ready for real world use. I would like to see us encourage more development and less entertaining of FUD on this forum. It's easy to get caught up with trolls (competitors) trying to FUD the coin to death. I have full faith in the developers to listen to the community, and seek help rather than listening to cheerleaders and trolls. There are a lot of knowledgable people here with great ideas and strategies. It would do the coin well to implement some of the strategies listed here in the thread. This has the potential to be THE next big thing in crypto. We need to show our support to Vericoin and it's developers and get the word out. Ignore FUDsters and have patience. Good work Vericoin Devs! Now could you please also quote which ideas and strategies you think are good and WHY so you can also contribute to the discussion? Apart of course of "generic" comments without any basis that make you look like another cheerleader though I do not think you are one Do you think I am one of those "FUDsters"? |
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1. No bailouts...as in no big banks being bailed out for breaking the law, No Hyper-inflation...20% decrease in buying power a year with USD, No Fees or Much less and No Conterfeiting...as in fraud.
You mean no bailouts... as in no exchanges being bailed out for being incompetent?? Did you just link to a content farm known as about.com? HAHAHAHA |
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Quick question for you...when do you think Crypto Currency will become mainstream?
He answered your questions perfectly...let me clarify it for you!
1. No bailouts...as in no big banks being bailed out for breaking the law, No Hyper-inflation...20% decrease in buying power a year with USD, No Fees or Much less and No Conterfeiting...as in fraud.
So you prefer 80% decrease in buying power a month?? Please explain because I canīt believe youīre so retarded |
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I would like to hear what altcoinUK, buy4crypto and Barrabas would like us to do in concise steps that explain clearly your recommendations moving forward. Not criticism at this point, but specific suggestions to use moving forward proactively. This way I can better understand what you feel has gone unheard regarding proactive action that can be taken. Thanks.
Well although you didnīt say anything about luisb, luisb would really appreciate if you answer to the questions aunt Emma and Joe Sixpack were asking you in response to your suggestion about using VRC instead Paypal and CCs for online purchases 1. Why should we take the risk of using vericoin if we already have a credit card and a paypal account, which offers us security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)? 2. Didnīt lose vericoin 80% of its value in a month?(BIG TURN OFF) I think is very risky to send my FIAT and my passport copy to a website called moolah or mintpal or you name it (YES ANOTHER BIG TURN OFF) and buy a string of code that can loose 80% value in a month, dont you think nephew? or is it really worthy taking that risk?? 3. I prefer spending 2$ a month and have the possibility to charge back and have credit if i need it or use my Paypal account at zero cost and no risk of losing any money for price fluctuations... So to the question aunt Emma and Joe Sixpack are asking you 1. Why should we take the risk of using vericoin if we already have a credit card and a paypal account, which offers us security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)? Your quite arrogant answer is There are no bailouts in digital currency, no hyper-inflation, much less fees, no counterfeiting. Bitcoin in 2012 dropped 90%, it would have been a good move to get in when it was low.First of all, using a big font it makes you look like you are yelling, do you think you are going to convince aunt fucking Emma and Joe Bollocks because your font is bigger? *sic* And you pretend starting a dialog with such an arrogant response?? There are no bailouts in digital currency
You mean like the mintpal bailout??
And you pretend they will stop using Paypal and CCs because they share your same ideological motives?? OMGno hyper-inflation Have you been sleeping in a bubble when vericoin lost 80% of value? Wouldnīt you call that hyperdevaluation? Who gives a heck about hyperinflation when we have 80% currency devaluation?
Bitcoin in 2012 dropped 90%, it would have been a good move to get in when it was low What the f*ck has that to do with convincing aunt Emma and Joe Sixpack to stop using Paypal and CCs for online payments and switching to vericoin?
Are you fuckin serious?
So your strategy is trying to convince Joe 1500 dollars a month Sixpack and low middle class aunt Emma to "invest" in vericoin for long term?? hahaha
Are you for real?? That was a joke wasnīt it?
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I would like to hear what altcoinUK, buy4crypto and Barrabas would like us to do in concise steps that explain clearly your recommendations moving forward. Not criticism at this point, but specific suggestions to use moving forward proactively. This way I can better understand what you feel has gone unheard regarding proactive action that can be taken. Thanks.
Well although you didnīt say anything about luisb, luisb would really appreciate if you answer to the questions aunt Emma and Joe Sixpack were asking you in response to your suggestion about using VRC instead Paypal and CCs for online purchases 1. Why should we take the risk of using vericoin if we already have a credit card and a paypal account, which offers us security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)? 2. Didnīt lose vericoin 80% of its value in a month?(BIG TURN OFF) I think is very risky to send my FIAT and my passport copy to a website called moolah or mintpal or you name it (YES ANOTHER BIG TURN OFF) and buy a string of code that can loose 80% value in a month, dont you think nephew? or is it really worthy taking that risk?? 3. I prefer spending 2$ a month and have the possibility to charge back and have credit if i need it or use my Paypal account at zero cost and no risk of losing any money for price fluctuations... |
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overstock is shipping across the globe now and paying in bitcoin makes more sense than paying in local currency..with your local credit card. think bigger picture.
You think it makes any sense to buy something in overstock and having it shipped to germany when I will have to pay customs tax from 23 euros on and the extra outrageous shipping costs? The last time I bought something from the US I had to pay 30 euros in customs tax and the item was 25 euros! not to mention having to wait 3 weeks and the shipping costs! When was the last time you ordered something from europe or south america? Is not overstock accepting BTC because the branding and publicity this is bringing to them? |
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Apart from that, knowing that you use paypal to exchange usd to another currency, we could say that thats not exactly what mainstream use means, you know.
"Mainstream use" as the devs and everyone else understand means
1. Vericoin will be used for online purchases as much or little less than Paypal, CCs and BTC
2. Vericoin will be used for sending money worldwide more than BTC and western union
If this is the "mainstream use" we are talking about we should start asking ourselves if vericoin has to offer at least the same advantages as they do...
Because you know donīt expect aunt Emma and Joe Sixpack switching to VRC if there are no obvious advantages apart from being easier to use or get than BTC and a theorical 3% savings
then don't, but there will be myself and others included who will.. short to mid term, the VISA card will help.. but that is not the long term goal
digital currency infrastructure has to be built and improved upon and make the tech more user friendly..
For your words I deduce we totally agree that we should stop trying to push VRC to mainstream users and start focusing in the real vericoin user right now and/or the people vericoin is going to help and solve a problem of theirs, i.e. people like you and me then??
yeah.. the fee for sending overseas is $4-$5, but the receiver ends up receiving a lot less because money transmitters like paypal, xoom or banks have lower exchange rates.. they make money in the conversion. i see this traveling all over. for ex: in indonesia, you have to convert US$ first to IDR, then IDR to whatever currency in the receiving country. you lose money with each conversion. if you travel, the easiest way to convert to local currency is when you arrive at the airport and the rates are very low, on top of "commissions".
and this is not just for 3rd world countries. overstock is shipping across the globe now and paying in bitcoin makes more sense than paying in local currency..with your local credit card. think bigger picture.
Please define *a lot less* because I am not aware of the conversion rates, so for instance if I was in the US and sent to my family 300 USD and I took care of the of the 5 bucks WU comission how much are my relatives going to get in mexico? |
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"Mainstream use" as the devs and everyone else understand means
1. Vericoin will be used for online purchases as much or little less than Paypal, CCs and BTC
2. Vericoin will be used for sending money worldwide more than BTC and western union
I think #2 holds the most potential especially in 3rd world countries. Majority of users here already have access to credit cards, banks, atm etc. For someone sending money to family overseas, this would be a great option. Western union and similar companies charge a massive premium.
For instance sending 300 USD from LA to Mexico* costs 4-5 dollars. Is this the "Massive premium" youīre talking about? https://www.westernunion.com/us/en/price-estimator/continue.htmlDo you think is enough to convince Jose Sixpack to forget the rest of the risks involved in sending money to mexico using your method such as 1. Volatility: from the time the mexican relative gets the VRC till she is able to convert to fiat the value of VRC could easily be less *much less* or more *much more* than when Jose Sixpack exchanged his hard earned dollars to VRC. Are they going gamble?
2. Lack of liquidity in Mexico: who is going to exchange that VRC to Mexican pesos in Mexico? 3. Relative in Mexico getting robbed when she tries to convert VRC to mexican pesos 4. Human error: Wrong phone number which, pitty, has also a vrc wallet or wrong relativeīs VRC address or buggy software (happened with multibit see http://www.coindesk.com/multibit-user-loss-high-need-bitcoin-wallets/) Dont you think maybe its too early to try to push VRC to Jose Sixpack and aunt Emma and we should first start giving some stability to the price, and going first for a more reasonable target and figure out how we can make it happen? *Not saying here Mexico is a 3rd world country but you know lots of people come to the US and send money back to Mexico so I guess this is also the mainstream use you are talking about |
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So to the question aunt Emma and Joe Sixpack are asking
1. Why should we take the risk of using vericoin* if we already have a credit card and a paypal account, which offers me security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)?
Your answer is
you can always use paypal if you dont trust the digital currency system. as for me, i avoid using paypal since their exchange rates are very low. (usd to another currency)
And you pretend to convince them?Apart from that, knowing that you use paypal to exchange usd to another currency, we could say that thats not exactly what mainstream use means, you know. "Mainstream use" as the devs and everyone else understand means 1. Vericoin will be used for online purchases as much or little less than Paypal, CCs and BTC 2. Vericoin will be used for sending money worldwide more than BTC and western union If this is the "mainstream use" we are talking about we should start asking ourselves if vericoin has to offer at least the same advantages as they do...
Because you know donīt expect aunt Emma and Joe Sixpack switching to VRC if there are no obvious advantages apart from being easier to use or get than BTC and a theorical 3% savings |
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As for the rest, I guess we can all let our minds wander but personally, as someone with credit cards, a PayPal account and even a PayPal Business Debit Mastercard (with 1% cash back on everything) so that I can use my PayPal acct like a checking acct or like a credit account, I wouldn't mind having a VeriCoin Visa card as I'm growing increasingly worried about the persistant devaluation of our dollar here in the States and it's future as our world's reserve currency. I see digital currencies like Bitcoin and VeriCoin as hedges against such systemic risk and with the way that food and gas prices continue to climb at such a steady, if not ever increasing rate of pace, I don't think it will be all that long before Aunt Emma and/or Joe Bloggs figure it out and start buying cryptos, too.
And you think aunt Emma and Joe Sixpack are going to stop using Paypal and CCs and switch to VRC because they have the same ideological motives as you do?
Are you f*cking serious??And anyway the question aunt Emma and Joe Sixpack were asking us is not - Would we mind using Vericoin instead CCs or Paypal? (obviously they are asking themselves here not us)
but rather
1. Why should we take the risk of using vericoin* if we already have a credit card and a paypal account, which offers me security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)?
* See all the risks explained in my post just before that one |
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1. Why should I take the risk of using vericoin if I already have a credit card and a paypal account, which offers me security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)?
wow, you don't even know how much fee PayPal charges for their randomly freezing money system. Everybody with 5 fingers on his hand should understand that you are just talking trash. Well I have always used Paypal and never payed a cent for doing so... no idea what youīre talking about. Could you explain me what "randomly freezing money system" is about instead of trolling and insulting... https://www.paypal.com/webapps/mpp/paypal-feeswell, I don't know if you are just not the smartest out there or just don't want to understand how this world works. Either way you pay the fee. The Merchant will just charge the fee hidden in the price you pay. Do you really think just because you are not charged for the fee you are not going to pay it in the end? You should really start to think beyond the doors you life in and understand what is behind all this marketing billion $ company shit. I honestly suggest you to grow up and stop giving your opinions which are *offensive* about how you think I am because what Iīve said in a post and start accepting that you have no fucking idea what youīre talking about because you dont know me as you already pointed out Accept as well that your opinion about whether Iīm intelligent or not doesnīt contribute *at all* to the discussion, but rather makes you look like an asshole who is trying to offend and troll with the classic "ad hominem" instead using his brain and thinking on the implications of what Iīm pointing out in my post. So lets say everyone could save a worthless 2.9% paying with vericoin and lets suppose I am wrong about the Paypal fees, just because I do not want to discuss the bullshit details here, but rather focus on the important issues. So you really think 3% savings when buying something is going to convince Joe Bloggs and aunt Emma to 1. Do some research and understand what vericoin is and the "advantages" it has to offer over other payment methods 2. Take the risk of losing 80% value in 30 days 3. Take the risk of losing the possibility of a charge back 4. Take the risk of doing something wrong and send to the wrong address or wrong phone number (veriSMS) because they are human after all. 5. Take the risk of sending ID copies to a random website (possibility of identity theft if a hack happens) 6. Take the risk of sending FIAT to a random website (possibility of losing the money like some people did in some well known exchanges) or meeting a perfect stranger on the street in order to get BTC because they want VRC quicker (localbitcoins) 7. Go through the hassle of sending ID copies and transfering FIAT to a random website or meeting a stranger on the street
Are you serious? **again**
Aunt Emma and Joe Sixpack are asking us
1. Why should I take the risk of using vericoin if I already have a credit card and a paypal account, which offers me security features like charge backs and advantages like credit (CCs) or zero* fees for online payments (paypal)?
*maybe thats what they think because setting an account costs zero |
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Excellent google work, but I think either you didnīt understand my post or you didnīt read it. Really good points on the other hand but still *buying* something online using paypal costs *zero* a year. My point was I dont think "aunt Emma" or "Joe and Jane Sixpack" gives a sh*t about some startup-company getting their accounts frozen... not defending them here, I actually agree that those practices are totally questionable to say the least, I was just pointing out why mainstream people keeps using paypal... 1. Its free 2. Its easy that goes for every single coin... its about planting the right seeds... why u in crypto if thats what u believe..
What I believe or not is not the point here. Everyone is talking about "mainstream adoption" and yet no one has a clue about average online shoppers habits and the reasons behind said habits... The sad reality being that *most* of the people buying online pays with CCs and Paypal because 1. Itīs "safe": chargebacks, no fear of buggy wallet software 2. No hassle: ever opened a paypal account? compare that to send ID copies and FIAT to a website... most people has paypal accounts and CCs already 3. Cheap: Buying with Paypal costs *zero* and a CC costs around 2$ a month... 4. Useful in "emergency": you get credit, so you can buy even if you havenīt got enough funds. So *again* what are we going to tell "aunt Emma" or "Joe Bloggs" when they point out 1. Why should I take the risk of using vericoin if I already have a credit card and a paypal account, which offers me security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)?
If we have no reasonable answer maybe we should stop trying to push vericoin to mainstream online shoppers, because right now they have no powerful reasons to go through the hassle and risk of buying VRC in order to pay for something, and at the same time trying to focus in the people VRC could solve a problem of theirs, but well I guess its a lost cause with so many cheerleaders, pumpers and fanboys... |
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1. Why should I take the risk of using vericoin if I already have a credit card and a paypal account, which offers me security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)?
wow, you don't even know how much fee PayPal charges for their randomly freezing money system. Everybody with 5 fingers on his hand should understand that you are just talking trash. Well I have always used Paypal and never payed a cent for doing so... no idea what youīre talking about. Could you explain me what "randomly freezing money system" is about instead of trolling and insulting... https://www.paypal.com/webapps/mpp/paypal-fees |
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@DEVS: The community has been asking for the FORUM button on the wallet to lead to a moderated thread. Is it possible to provide this? Thanks.
We are going to do this so that there can be a non-combative, non-vulgar link in the wallet for the average person. We do intend to keep this thread as well so that there is an unmoderated place to speak freely as well. The thing is we can't convince "Aunt Emma" to use digitalcurrency and then lead her to stumble on massive repetitive and sometimes vulgar fudding at times and is quickly turned off for good. So you want to convince "aunt Emma" to use digital currency... so she will download the wallet and press the button "to the forum" because she is going to do some "research" about VRC first... but before all that you should think what are you going to tell her when she says, in response to your suggestion of using VRC instead CCs or paypal, something like:
1. Why should I take the risk of using vericoin if I already have a credit card and a paypal account, which offers me security features like charge backs and advantages like credit (CCs) or zero fees for online payments (paypal)? 2. Didnīt lose vericoin 80% of its value in a month? (BIG TURN OFF) I think is very risky to send my FIAT and my passport copy to a website called moolah or mintpal or you name it (YES ANOTHER BIG TURN OFF) and buy a string of code that can loose 80% value in a month, dont you think nephew? or is it really worthy taking that risk??3. I prefer spending 2$ a month and have the possibility to charge back and have credit if i need it or use my Paypal account at zero cost and no risk of losing any money for price fluctuations... |
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I am not a mathematician, obviously, but my common sense tells me bundles about the potential repercussions of such a huge number of fictitious coins staking at any given moment, but I'll patiently wait for that update in the wallet that allows everyone to actually know the real number of coins that VRC has for the 26.8 mill given by Patrick is obviously an approximation I don't know based on what... 30 (or more) million coins staking can produce a significant number of additional coins by the day.
26.8M coins exist (26,811,507 right now to be exact). http://chainz.cryptoid.info/vrc has a realtime count of coins in the blockchain. There is no discrepency with the total coins in existence-- just that you didn't understand that network stake weight is not exactly the same as total coin count. Well it isn't just that I "didn't understand...". It is more like we all are finding out that you really don't know what the wallet can do and that Doug, the wallet man, has a "loose" concept, to say the least, of what "too much bigger (a number)" actually is. And since I hope I have demonstrated the staggering nature of the difference in numbers, it is IMPLIED that it has an equally staggering influence in the number of coins being "mined" through staking. This is very significant since it all seems -and I certainly hope to be 100% wrong in my assumption- to be so ahead of the "limit" of approximately 2.25% yearly maximum total interest that it's not funny at all. There will be time, very soon indeed, to address the repercussions of those hugely bigger numbers staking, so I won't anticipate anything hoping, indeed, to be somewhat as out of touch with the final interest as Dough is regarding the "too big a number" statement. I think Barrabas you have raised a very valid point (usually you do) by questioning the difference between the network weight and number of actual staking coins. It's quite encouraging that the devs made effort to address the issue by answering here and have listened you, and then EffectsToCasuse said a new function will be in a new release to provide users with the number of actual staking coins. To go forward I would suggest don't be so harsh with the devs please. I have been also very critical with the devs, but these young guys obviously aren't scammers. I guess under pressure people make unwise moves like moving 200k to bittrex, but the fact that Pnosker disclosed this info himself indicate that it wasn't a malicious action. Pnosker is trying his best to address all rumours about him and he made clear that he didn't buy any BMW M3 from the vericoin money, he is still committed to the project, he is not dumping his coins, he didn't move the 200K to bittrex to dump it. Plus these guys offer a very transparent process for investors by putting their name in the public domain. In my opinion there is a very positive change in the last 1-2 days, namely that the devs started to talk to the community in this thread and instead of just communicating with their cheerleading brigade they started to interact with the investors, bag holders, potential new investors of this thread as well. I guess we shouldn't alienate the devs from this process, let's keep the momentum going, let them deliver something that hopefully change the down trend. I don't think I am hard at all simply putting out very obvious concerns of everyone that is invested in this coin. I mean, I have been stating many times during the past weeks how strong this community is in support of the coin, based on those staking numbers and now I have discovered they are absolutely meaningless. Not only that, while not-too-sharp choir boy socal and other fan boys put on the tin foil to "explain" the spiral in price, the apparent growth of staking figures made almost impossible for anyone to have any coins at the exchanges. And a lot of people do. And a lot of people, is, obviously, selling. Much more than buying (that's why the price goes down). So I believe I have been actually quite mild in clearing up a bit -still far from being quite clear, by the way-, the mess of the "fake" numbers (for lack of a better word). Perspective: A max of 28+ "coins" were staking yesterday at some point. Historical maximum. Now, since the total coins in existence were 26.8 mill, we have found there are somewhat "ghost", "fake", whatever "coins" that appear in that tracking tool that don't really exist (I am still struggling with how those appear and, more worrysome, DO stake). Patrick has kindly try his best at explaining that somehow, even though they are staking, the whole interest to be created, yearly, will not increment to more than 2.5% annually. That's reassuring but certainly it doesn't look even remotely that way from what we now know... which is very little. This divergence between the real coins and the Phantom coins staking, according to Doug, the wallet man, would not be "too much bigger"... I hope I have demonstrated clearly that the difference can be as significant as to actually DOUBLE the number of the real coins: My contention is that while the Phantom number reached over 28 million yesterday, they real number could be, in fact, half of that. Or even less. And I explained why: The amount of coins currently deposited in the exchanges and NOT STAKING, in my opinion would be at least 6-8 million, probably more. Add to that the "in transit" coins or otherwise not live (staking) coins -they need a minimum of 8 hours to begin staking-, and you can end up with a lot of coins that are not staking and therefore are not part of of those record 28+m. Finally, additionally, 28+ million coins staking stake quite a bit of coins. Those staked coins are not PHANTOM coins, they are real. So real that, after 8 hours, they stake themselves, thus increasing the total number of coins in existence. Again, Patrick insisted that no more than 2.5% will be staked by any coin in any year. That's, again, reassuring, but the reality of the picture I just put, again, in perspective, makes it quite difficult to really believe. I believe these are matters of great significance and need to be clear out completely so investors know where they have invested and retain their confidence in the project. Much more important that the spiral of the price that I have pointed out many times already is not VRC's affair but every other similar coin out there. As for the not-so-sharp, bots are not market manipulators, bots are machine traders programmed to buy and sell minimal amounts for minimal profits. They don't manipulate the price at all. If a bot buys 800 sat below the previous price, 20 VRC, that's not manipulating anything, just following a program. The bot will buy just the same if the price is propped up by a big buyer. And will sell it likewise, regardless of the price. Once again: The price is going down for the simplest and always true of reasons: There are more sellers than buyers. Also clarifying for the not-so-sharp, volume is quite different from inflows. The former indicates there's trading taken place; the later indicates there's investing occurring. If one or more traders take it to VRC and they buy and sell a lot, not only they do it but the bots also do it -that's what their program does-, thus resulting in very high volume... and not necessarily any real movement in price; on the other hand if a lot of people buys VRC but don't sell it, it is called inflow and means people is investing, buying VRC, bringing new money to it. And the price, mathematically, goes higher. In technical terms, it is called hitting the bid (dumping) or hitting the ask (pumping). Clear now Will? And you must be the *sharpest* vrc investor in this thread for raising doubts publicly about the total number of coins and the integrity of the devs instead of reassuring yourself asking them kindly IN PRIVATE FIRST to clarify this to you via PM and to everyone else in a public post... so either you are A) really ''smart'', you dumped your vrc and bought cloak or some else shitcoin, so you have an agenda coming here to spread fear and doubt like bobSLOB and smoothtard B) seriously retarded, a possibility that I personally doubt but don't exclude, after reviewing your rants and deducing you obviously use at least half your brain In any case you should be the #1 enemy of vrc in that list, worst than bobSLOB and smoothRETARDATION, but hey on the other hand we really enjoy your trading and english lectures please keep em coming... |
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