While I agree on most of points with Barabbas and disagree with him on a few (for example I believe the Mintpal bailout was not necessary as with a 500 lines of code, max 16 hours development time the big hand attack could be handled by building a counter attacking logic into the application), I can assure you altcoinUK is not Barabbas' puppet account and I think it is quite unfair to attack Barabbas again. Therefore, let me point out that if anyone was factually incorrect in the starting post then it was me. Moreover, I was not disputing whether the Mintpal fact was necessary or not, I was stating the facts what happened ... if you could read then perhaps you could verify that indeed this is the case.

Anyway, please feel free to post in this unmoderated thread what else is factually incorrect in the start post and lets discuss the facts about VeriCoin.  

I couldn't agree more that an unmoderated thread is better. Whether the user is an unconditional supporter or a disappointed bag holder, but especially the second ones who invested in believing the hype and wonderful promises the VRC developers about a transparent operation deserve a place where their opinion can be expressed.

It was very disappointing to see that the developers closing down the thread. The very same thread which was used to ask money from the investors is no need anymore - the money was taken we don't need your opinion.

Seeing the lack of progress and empty promises it is very unlikely that VeriCoin will be one of the top 5 coins.

It is important to have an unmoderated place where  all kind of opinions can appear, happy and disappointed investors can discuss the state of affairs on VeriCoin, to share opinion about price, developments or lack of developments, to have a forum to freely share all kind of views and opinions about VeriCoin.

Transparent operation and that all opinions will be taken into account were promised by the developers when the price was 50k. Now, as the price is 5K and some investors lost 90% of their investment the vericoin developers abandoned Bitcointalk and moved to a moderated thread - where critical voices aren't welcomed. This thread will tolerate all opinions.

Just a quick overview about what happened with VeriCoin up to date.

- For many supporters, community members, bag holders and investors VeriCoin started around June, with the first Google hangout where the developers, Pnosker, EffectsToCause (two PhD students) and Dave a Microsoft developer presented the team, outlined the plans and not least promised a transparent operation - to work for the community with the community. A team member WizRig was introduced in the hangout and an ambitious marketing plan was outlined. Wizrig - together with the developers - promised a worldwide media campaign to promote VeriCoin by mobilizing all his celebrity contacts and employing a professional PR firm to take VeriCoin to the mass public. Wow, this cannot be a scam, investors said, the PhD students and the Microsoft developer are surely responsible enough to follow up this and pull the project off and the money was start flowing into VeriCoin.

- 2 weeks later the dump came. Many believes WizRig was the face and front figure of the Blackhand P&D group and his role was to hype the coin before the dump. However (and whoever WizRig is), the coin was dumped and Wizrig left the operation before anything was delivered from what was promised in the Google hangout.

- The developers said the software development will be continued (though very-very little was delivered since June)

- Then the Mintpal hack happened. It was told to the community that during a hack 8 million coins was stolen from Mintpal. There is no evidence whatsoever that the 8 million coins was really taken by a hacker, but the Vericoin team has rolled back the blockchain to the state of pre-hack and bailed out Mintpal ... at least it was told Mintpal must be bailed out and in order to prevent attacks on the protocol by the big hand hacker the blockchain must be rolled back. The community had very mixed feelings about the roll back of the blockchain and many investors and supporters left the coin at this point.

- Then the developers visited the Wall Street to take VeriCoin to institutional investors. At least that was told and the action was well hyped on Twitter ... the outcome of the meeting was a picture of skyscrapers in New York.

- Then developers visited the Chicago BTC conference. The event was seen as a game changer by many in the community where VeriCoin will be introduced to a wider audience. The outcome of the meeting was a few pictures that displays fairly happy young men meet with similarly happy young men ... and the price was dropping further.

- Then the news came with a massive Twitter campaign that VeriCoin is working on a secret project, a game changer killer project. Wow, here we are, the community was excited, this surely will be the turning point, this must be huge if such serious, responsible professionals like the PhD students and Microsoft developer say so. The secret game changer project was a VISA VRC debit card with a noname start-up. Two weeks later the project was dropped and never materialized.

- And then, James (jl777) came to save to coin by integrating it into Supernet. Many supporters believe this is the best thing ever happened to VeriCoin, many think VeriCoin should never take James' offer. Time will tell ... up to date was nothing delivered.

- The VeriCoin developers instead of developing VeriCoin started to provide software services for other coins like ARCH.

- For unknown reason on the 3thd of November, 2014 the developers closed the unmoderated Bitcointalk forum thread.

- The price is 5.8k at this moment in time.

I guess these guys like Jay Jay are just continuously dumping the coin, they got into VRC in May when it was under 1k and since just slowly selling. They say any kind of wild BS to keep the money flowing into the coin. The majority of the 26 million coins must be in the hand of these slow dumpers.

Don't be scared and don't worry boys :-))) the Russians are fine, very nice and understanding gentlemen. they are very happy with the crypto investment return, in this year with BTC, VIA, LTC, DOGE, even shit coins like APEX  - that is being developing by two family guys in Moscow by spending time on it after their daily job - keeps bringing the money, only this failed operation is a massive disappointment. It's actually not about money since to be honest we have very-very little in this chaotic shambles, it's about principles and moral, that most Russian investors (just like I guess Americans) don't like when liars take the investors for a ride with empty promises. Apart from this everything is cool :-))

You are quite lucky as I am here and can answer this question. Unhappy investors pushing VRC down who had enough from the empty promises and this failed operation. Let me know if you have any more questions.

It's a very interesting day in the altcoin market: ViaCoin is transforming into a crypto giant while this tragicomic operation is entering into its final phase. The contrast couldn't be bigger between VeriCoin and ViaCoin. VIA keeps delivering fantastic results for ViaCoin holders, thank you btcdrak for your hard work and keep innovating.  

As for the clowns who brought Vericoin to 6K, if you don't work, mislead investors, delivery nothing but empty promises, fail to innovate, then don't be surprised that your coin is a failure.

And just how important innovation is, there is ViaCoin which I have been referring in this thread quite a lot. ViaCoin has been very-very good for us investors, and the innovation of btcdrak took care of the business, it's keep returning the profit. Apart from the profit it's great to see that the hard work of btcdrak pay off.  In the meantime, while others innovate and work very-very hard, VeriCoin is basically became a shit coin.

Well done. It was quite clear that the hard work and expertise of btcdrak will pay off, well deserved success. Great work!

People sell their VeriCoin because
a) there is no innovation, and therefore Vericoin is just one of the 500+ BTC/LTC clones
b) investors feel the developers abandoned the coin by working on other projects
c) there were too many empty promises and the enough is enough

That's why the price is 4.9K and there is zero chance to turn this ship around.

Is he a scammer right now? When I said Nosker 2-3 months ago that we have made some research in here in the UK and the Moolah CEO Ryan Green is a real wanker then Nosker was offended how dare I am to criticise his business partner, why do I say publicly names, etc, it was told me that questioning Moolah's integrity is a FUD. After all, the Moolah CEO was VRC great business association, that's was the hype (scam) for months that the Moolah-VRC venture will save the world, cure cancer and bring happiness to human kind. These clowns even saved Moolah with the roll back. Suddenly Ryan is a scammer, interesting.

The state of this coin is really disgraceful. The price is 5K, the great transparent team that was asking for investment, the developers abandoned the coin. No wonder, bag holders are angry and feel that it is a scam.

Thanks for stopping by and letting us know that you buy Vericoin. Thtat's great. The only issue is that only 18 years old cheerleader children like yourself buy by mobilizing their 0.01 BTC lunch money, there is no serious player interested in VRC, and therefore the volume is 3 BTC.  

You must be right, this thread is worthless, in the meantime cheerleaders like yourself worthiness is manifested in the astronomical 7.0k price and because everything is wonderful, the endless innovation and hardcore cheerleader support attract a massive 3 BTC volume on Bittrex, which put VRC in the league of well known and super successful coins like SembroToken, SonicCoin and X-Children.

Whatever delusion you have about this thread, you have to answer one simple question, if everything is wonderful then why the price is 7.0k and the volume is 3 BTC?

Yes, it is. It seems even intelligent, seemingly honest PhD students can mislead investors by promising delivery and development effort and then do nothing - except as you said working on other projects.


I have to agree with that.


LoL, but sadly this is the only viable investment strategy at this stage.


Precisely what we have been arguing here: there is zero innovation, therefore the price is 7.2k

What is this stupid idea of voting about closing down this thread? Who idea was this? You got your new wonderful forum, why is that not enough for you to discuss the wonderful new projects like the zero revenue, no gain prospect cloud storage? You have your new shiny forum, go there to celebrate your fine achievement, the 7.2K price.

There are many, many, many bag holders are pissed off (including me) because the empty promises, lack of progress and direction as well as infinity of delusional plans. You are not going to make us feel better about this failed investment by closing down this thread, quite opposite, the closed thread will make us to discuss this somewhere else by giving to the discussion much more visibility. (Not to mention, the questions and criticism of unhappy bag holders usually make lot more sense than I have ever seen/heard by any of the cheerleaders here as the cheerleaders normally bring nothing to the table).

No wonder this coin is at 7.9k when a complete retard like yourself is the prominent voice of the community.

Why do you care about emotionally unstable cheerleaders whom feelings is hurt by Barabbas' comments if he brings lot of useful things to the table? Stop being worried about irrelevant issues like how the provoked children feel and focus on the solution when you need to turn around a failing operation.