You can always count on my unconditional support.

Apart from that, the long term prospects of VRC are very good, not because of jl777, despite of jl777.

Very quiet here. It seems lot of people burned during the weekend pump falling to jl777's promises, hype and nonsense.

No, VRC is not doomed at all. Actually I am very happy that my initial feeling about the devs has been verified and I think VRC is a good investment opportunity (this jl777 guy doesn't matter, he will be gone soon). VRC has a bright future if the devs remain to be solid. To be honest I started to sell during the weekend, but after I started to think and realised that the vericoin devs will be around when ppl like jl777 will be long gone ... need to get my head around this situation :-))) I mean, why this charlatan needs VRC? Because VRC has a very unique asset, the transparent VRC team.

I can understand the community jumped, the guy has been reasonably convincing with selling his waporvare. Also, the devs have been under tremendous pressure for weeks from ppl like yourself and me, and therefore they just wanted to be cooperative and do whatever it takes to move the coin forward, which willingness of being proactive is very respectable and a good sign for VRC bag holders.

However, the market see through this jl777 guy. No doubt he is a perfect opportunity for day traders like @Cryptopumping to make few hundreds BTC from this superNET nonsense, and therefore jl777 is having success on the market, but his vogue plan for VRC and that he will start delivering something in 2015 (btw he promised this for another 20 projects) had been immediately disapproved by the market. That's why

jl777 effect = 0.00012500 current price

This charlatan who felt it is important to let us know he has 2 million dollar, plus he will bring many-many whales into VRC, but he couldn't even pushed the price to 20k. What a clown is this jl777.

Buy4Crypto, if you love digital currencies and VRC, I mean if you are enthusiastic about these things which seems you are, then you should be relaxed - this jl777 guy will change nothing for none of them.


 

It's time for a post to review what happened with VRC in the last three days and what the partnership with superNET means for the future from VRC bag-holder viewpoint.

1) The events clearly indicate that many sceptics including me were completely wrong about the main VeriCoin developers, EffectsToCause and Pnosker, terms of their arrogance, adaptability and willingness for a change. We have been arguing here for weeks for a change and asked EffectsToCause and Pnosker to do something about the failing price. EffectsToCause and Pnosker stepped up during the weekend and tried their best to put back VeriCoin on the right track (at least what they believe is the right track). They deserve a huge respect for their willingness to drive VRC forward, they are not arrogant and blind at all as the sceptics' insulting posts suggested it in the last few weeks, and as I was the biggest sceptic regarding their approach, I am happy to admit that I was wrong about the core VRC devs.

2) The vaporware and technological fantasy that know by the market and crypto community as superNET will do nothing good nor bad for VRC in long term. Perhaps the superNET partnership will push the price to 20k-30k, but nothing more VRC bag-holders can expect from the involvement of jl777 ... lets be clear, the "jl777 effect" and his infinite contacts to wealthy whales couldn't even push the price over 20k ... so don't expect anything big from jl777.
Technology wise and from design viewpoint the superNET idea is a complete mess, implementation wise it is obviously a vaporware, from software engineering viewpoint jl777's code (at least what is in the github repository) is a spaghetti code and a very poorly structured library. In one year time no one will remember superNET that's for sure. These days the altcoin market is desperate to find solutions to survive against BTC, and therefore charlatans and convincing sales men like jl777 can be very successful in making money. Good for him, he deserves every BTC he can get as he pull off his scam convincingly and consistently in the scam driven altcoin market, but that's all, nothing more superNET is.
There are a few whales in the superNET project like my fellow Russian trader @Cryptopumping and the whales will squeeze out few thousands BTC from superNET no doubt about that, there are lots of day traders will make money with superNET, it might help to pump VRC a bit, but in long term superNET will not succeed, because it provides the participating digital currencies with no real value nor add anything to digital currency movement.
On the note of jl777 effects as this charlatan like to call what he does, he is undoubtedly a very convincing and consistent one, but he doesn't need VRC - he needs the public profile of the VRC devs. First it was 2.6 million VRC, then it was 1 VRC if the devs get rid of Buy4Crypto ... in the meantime he said he will bring his infinite amount of whales into the VRC operation ... then it was again 2.6 million ... now he is donating back the escrow ... but in the meantime don't expect anything before 2015, because he is busy. Quite amazing actually so many bollocks within a short period of time :-)) Remember what I said when I heard about this deal: no serious software professional enter into such deal under such conditions what was presented to the community. jl777 actions indicate that he is not a serious technology professional, certainly not a visionary - he just needs the VRC devs' public profile, that's why before the superNET ICO he came here. He is already marketing the superNET idea with the transparent picture of VRC, that's all he needed when his ICO on his way. (Before you answer your usual bollocks jl777, put your money and actions where your mouth is and bring your whales into VRC and push the price to at least to 30k and then we talk).

The VRC fans, activists and community members should be relaxed: long after this jl777 charlatan is gone the VRC devs will be here because they are serious about their project, 1-2 years time when all this nonsenses like superNET are gone VRC will be still strong. (I am not interested in such long term projects, I just here to tell this good news for the VRC fans and activists :-)))

Good luck for every bag holders.

At 11:30 AM


3 hours later, at 2:50 PM


2 hours later at 4:40 PM


DrkMan,

This must be a life time opportunity for me ... to invest when the investee has personal issues with me, he specifically doesn't want my money, he wants to get rid of me from the process ... and he feels it is important to publicize how he feels about my investment. I have to get my head around this lifetime investment opportunity :-))))

Fair enough James.

I am really surprised our devs sleep right now instead of working on this deal ... but whatever ... that's how vericoin has been progressing lately.

The delusional vocal community members like Jay Jay must understand, vericoin has nothing, no innovation, it is a stagnating and slowly dying coin, there is no future without association with third party technologies like superNET. Very much what I have been arguing here for weeks in our debate abut block-chain 2 technologies (though superNET is not a strictly speaking blockchain 2 tech, but it is besides the point).

I like James' work, I follow him at the superNET thread since day one and while I am not fully agree with him software engineering approach and how he implements superNET, one thing is sure, one way or other he will get done superNET ... he is the guy who can deliver, he is what vericoin doesn't have and therefore that's what we need here.

We need to see the commitment from the devs and I suggest working with James and superNET.

If the community willing to come up with the 10% 2.6 million VRC I am willing to contribute more than my share and I will put 100k into the deal.

Now I go to play golf  ... lets hope the community and the devs will do the sensible thing and will make the deal with James.
 

So you have been insulting here investors for weeks - with your constant trolling and obscene posts - who point out the existing issues with vericoin, to give weight for your arguments you have been saying that you are a business man and you will accept vericoin in your web site, - you dumb creature even contacted the devs that you will accept vericoin -, and then it turns out that actually your brothers run the business and your brothers don't even let you put a Vericoin banner on your website. What a clown you are :-)))

This coin is is stagnating and slowly dying - as drkman, a well respected investor correctly confirmed it yesterday - not because the critics appear in this thread, but partly because the Verileaders are peoples like yourself (there are of course several other causes of the problems as well).

I was wondering about you, WTF, you promised here for the community at least 5 times in the last week that you not going to reply to altcoinUK but then 5 minutes later you post your nonsense to me again and you keep writing to me, but right now as you revealed that you can't even put a banner to your web site, I understand what we are dealing with.

That's the big question my good friend isn't it ... how can your business associated with a forum when your obsession with dick eating, your infinite obscenity and gay bashing makes the image of vericoin very dirty? Apart from that and the biggest problem is, no investor touches the coin where the Verlidears are people like yourself or Michael boy who comfortable with your dick eating habit but can't stand the critical voices or your gay bashing buddy. As long as people like yourself and your buddies are vocal supporters of this coin, VRC has no chance on the market. If you want to make a favour for this coin, then you need join Michael boy and your homophobic buddy, don't even post your usual +1 or -1 posts (they are useless anyway), just support the coin with staking it.  

Yes, these few vocal Verileaders are unreal :-)) they think closing down't this thread solve their problems (a.k.a the problems of no innovation and the devs don't deliver).

Bingo ... thank you for confirming what I have been arguing here for weeks. The coin is indeed stagnating and slowly dying while the rest of crypto is evolving. Also thank you for confirming that the main issue is the incapable dev team - obviously that's why you have been recruiting a new developer.

Once sensible VRC holders recognize the problem, then we are very much on the way to find the solution. (The hurrah optimist cheerleaders and uninformed VRC holders won't be happy but they will come around)

One possible solution is what you actually suggest:
Step 1: to educate the vocal cheerleaders and uninformed VRC holders that indeed there are serious problems with VRC, the coin is sitting idle and slowly dying (as you identified the sate of VRC correctly) and there's no need to be emotional when the problems are pointed out
Step 2: to reduce the infinite arrogance of the developers by about 90%
Step 3: increase the expertise within the team and feature set within the application by bringing your new developer into the operation

EDIT:
Step 1-3 could be parallel process, but all necessary to end the endless debate here and move forward.

Anyone knows, approximately how many ViaCoin will exist by the end of 2014?

It's great to see the market appreciates the hard work of btcdrak and the dev team. Thanks developers :-)))

He is not joking. There are a few VRC holders here who actually do believe that the devs are active. These users think that if the devs wake up, having a breakfast, lunch, dinner and go to sleep, i.e. they are active in a vegetative sense then the software is being developing. Of course it isn't the case and as you have pointed out the devs haven't released anything for 10 weeks.

Though the activity is manifested in something else lately, instead of doing work the devs are very much active on IRC for hours to escrow deals for selling VRC at 32k.

Precisely, that was the case and no other way could the event interpreted by any investors who just logged in and joined the conversation, like my friend did it by visiting the channel to see if there's any new info about DEV4. As EffectsToCause admitted already, he had assigned an admin role to Reavon to present him as a trusted escrow by saying "Reavon is legit" (at 21:39 UK time), and then the rip-off deal was on its way.

One of the most shocking elements in this event is the arrogance of EffectsToCause, how he reacted to the few poor buggers that pointed out this is a rip-off and asked please stop it: he kicked-off the complaining users from the IRC channel instead of apologizing and make clear that it was a joke ... but suddenly the explanation is, that the escrow deal was an innocent joke.

I think you are right, the "good guys" image is not applicable any more.

Hmmmm ... I wanted to be a gentleman and don't disclose what we discussed in private, but since you brought here our private conversation ... here we go ... you said in private that you "have a serious buyer" which implies No. 2 is the case, and therefore you thought that Herman is indeed legit and consequently you must assumed at that time that it was not a joke but a real deal on the IRC. If you thought at the time that Herman is a "serious buyer" as you said to me, don't you think that the rip-off such serious buyer with the very assistance of the lead Vericoin developer and having our German Verileader as an escrow is a shameful act?

Good, you do what you gotta do - but I trust my US based legal representatives' "write up" skills when it comes to proceed with a subpoena in your legal jurisdiction.

But here are the 1 million dollar questions for you :-)))

1) As this whole thing is getting inconvenient, you IRC boys want we believe that the deal, which was facilitated by EffectsToCause, the deal that looked like very much to any sane user an escrow to rip-off an inexperienced buyer, you're saying, that in fact it wasn't an escrow, but it was a joke. All right, if you - a respected IRC users - knew it was a joke and the buyer was a scammer without money, then why did you offer me the very same buyer Herman's 132 BTC 2 hours later, did you try to scam me?

2) Or if you indeed believed that the deal is real (and in this case you must agree that Herman was being rip-off by EffectsToCause), so you offered me Herman by assuming that he is a genuine buyer, then why do you worry about Barabbas here, and why don't you worry that the lead developer EffectsToCause was trying to get 132 BTC from an inexperienced buyers by facilitating an escrow deal?

The above description of the event is purely based on the IRC trans-cript, what I described above are what EffectsToCause, Reavon and other users said/did in the IRC channel - and what an investor who just logged in could see in the IRC channel.

From investors viewpoint it is more important EffectsToCause's role in the scam, that he was actively facilitating an escrow to sell VRC for the 4 times of current market price, then discuss random user altcoinUK is a liar or not, don't you think?

However, if you make the accusation of that I am related in any form to the IRC scammers, if you accuse me of having any roles in that scam and you imply that I scam peoples in the IRC channel, then lets submit a subpoena to get the TCP/IP details including IP addresses and who was who in that shameful act. Are you still accusing me that I scam people in the IRC channel?

You are right ScottAllyn, before jumping into conclusion we need to get the facts. The facts are

- A user called Herman was looking for a VRC seller in the IRC channel saying that he is not familiar with altcoin, but he would trust the sellers in the official IRC channel and he has 132 BTC
- There were many users sitting in the IRC room and witnessed this, including one of my friend who has 100k VRC and logged in not long before that event to see if there are any news about DEV4
- Someone, a regular IRC user offered to sell his VRC for the price of 0.00033, 4 times higher than the price at the time saying for this inexperienced buyer that because the quantity is big, this is a fair price
- At that moment no one raised any issue with the deal and EffectsToCause and the German Verileader Reavon jumped in by saying that they will escrow a deal
- At that point a user started to complain that don't rip-off that inexperienced buyer and how on the earth is possible that the lead VeriCoin developer is orchestrating such rip-off
- Another IRC visitor user had complained as well saying that yes, that's not right
- EffectsToCause kicked-off the users who complained from the IRC channel
- 2 hours later a regular IRC user in this thread offered me a deal, saying that there is a buyer with 132 BTC and asked if I am interested in selling my coin for this user

According to the IRC trans-script these are the facts what users/investors who were sitting in the IRC room could see.

EffectsToCause who is man of high moral standards, doesn't like FUD and kicked-off users from the IRC channel who complained about his role in the ripp-off deal never ever said to Herman, that please go away, you can buy coin for 0.00008, you don't need to pay 0.00033 here. Instead of EffectsToCause - according to his essays is on a mission to serve human kind with decentralized digital currencies - was orchestrating a deal with a Verileader, Reavon to create an escrow and take the 132 BTC from Herman - to sell vericoin for 4 times the market price.

IRC users, existing and potential investors who visited the IRC room had no reason to assume that it is a joke as you said - all they could see that Doug Pike lead Vericoin developer  was part of rip-off deal.

First the shady association with Wizrig. Then the price pumping tweets from the devs, appearance in the exchanges troll-box, sending 200k VRC exchanges to dump it and now this escrow deal.
I don't think that's what investors expected when they read the PhD students and the MS developer CVs.

Before we discuss that matter, for the very right reasons you are a respected member of this community :-)) and unlike me, you are an English speaker, would you put these two fuckers above and below your post, the "setup" and "Wreathy" boys to their right place please? These two idiots, your two nice Verileaders were very comfortably supported the homophobic and the obsessed with dick eating retards when they made this thread a war zone. For the sake of young gay peoples who have never chosen to be what they are, but they still must suffer every day at school, home and virtually everywhere from idiots like these four nice Verileaders, explain to them please that your community do not need their support. Thanks.

As for EffectsToCause assist to the scam, yeah, there is always something else, once the manipulative WizRig, then the pumping tweets were just an opinion, then the appearance in the exchange troll box during the pump, the 200k sent to the exchange, everything was just a joke or naive mistake. But before we talk about that was it a scam or joke and I would tell you what do I know about Herman, I would have a question: if it was a prank and the IRC members knew it was a prank, how it come 2 hours later one of the respected IRC member came to me and offered the 132 BTC to me, as well as offered Herman as a completely legit and  verified trader, and that a deal with him will be escrowed? If you IRC boys knew it was a joke, then why you offered to me the 132 BTC - the very same money that you knew is not existent? I mean, it's either not true what you say that it was a joke or if the 132 BTC was a joke, then one of the respected IRC verileader tried to scam me.

And after lets discuss, how the act of EffectsToCause the lead developer who involved in a scam (suddenly is a joke) to gain 132 BTC, so how that event effected my friend, an investor who genuinely believing in the PhD boys bought 100k VRC and was in the IRC channel as he was interested to see if there is any info about DEV4.