That's the spirit vericoin need when we are looking for new investors :-))

The coin price will go up if the devs work, it just take time. Be patient :-))

No wonder the price is 9k and there are so many disappointed investors. The low price is understandable when you ecstatic idiot with your 80 IQ is the most vocal fanboy and the three wannabe coin developers unable to deliver a thing for months. Why would be the price higher?

I guess we can. Yesterday we compared it with ELMER_FUD, please check that conversation and the comparison of VRC, CLOAK and VIA.

Oh please. There is nothing positive about the discussion of 5 delusional users. Why don't you worry about the hundreds of disappointed investors and growing number of investors that complain in this thread every day about the lack of progress?

You see ... that's why the price is 8,800 Sat and the volume is an embarrassing 6 BTC, because there's no progress nor development whatsoever, but grown up men excited about how to distribute 1,500 VRC (US$ 60) at the German Bitcoin conference. I can imagine the face of the Bitcoin veterans from Switzerland and Germany when Reavon boy will start to explain what vericoin is and hand them over 500 VRC, US$ 20. Those bitcoin guys play with minimum a couple of thousands BTC on the exchanges, they now VRC inside out, as usual they had a look at the Sunny King fork to see what the devs did and since they understand vericoin is just a Sunny King fork they could not care less what VRC is - all that matters to them that VRC this is the biggest altcoin failure in this summer.

Indeed a valid question. There are hundreds of investors would like to know the answer for this question, as we can see more and more visit this thread every day by asking the very same question.

Vericoin has been the biggest failure in the market this summer. The price is low, because there hasn't been progress nor software development for a long period of time. The three wannabe coin developers whom ability was limited to fork the Sunny King code are unable to develop the coin further - never mind real innovation that investors expected from the PhD students and MS developer. Consequently there's is no news nor information on progress and development, and the price has been going down. Hopefully the developers start working sooner than later and then the price could increase, but it will be not easy to regain the trust of the market.

Please let us know if you need any more info. :-)))

PS:
Don't take to your heart if the cheerleader brigade start calling you FUDder and insult you. The maximum 20 cheerleader users try everything to keep the status quo. 40% of them are complete idiot, 40% are scammers try to slow dumping their coin, 20% having a good intention but performed an incorrect analysis and don't understand the source of the problem. Anyway, the size of their group is insignificant compared to the hundreds of disappointed investors.

You seems to be a very nice guy and I could not be happier for you, that you had a great day yesterday.

Unfortunately, as your enormous effort was an isolated event it won't reverse the declining trend of vericoin. What you have done isn't integral part of a strategy - mainly because there's no strategy exists for vericoin. If your effort would be part of a sensible idea like Barabbas' world vericoin day event when vericoin activities being held in London, Paris, Berlin, Moscow, New York, LA, etc. and you would do your part in Minnesota then such orchestrated effort could get vericoin into the news and kick-off a snow ball effect.

As for your mission to educate human kind about digital currencies, such ambitious aim like the vericoin community will educate the mass public shouldn't be in the scope of this project. I could be wrong, but before you try educating the mass public it would make more sense to try convincing the crypto currency literate audience, who already knows what digital currency is (so you wouldn't have to start from zero). But again, since there's no strategy do whatever makes you happy :-)))

Elmer, you are digging yourself into a bigger and bigger hole :-))

While I have to agree a proper analysis - which is not my domain as a) I don't speak English b) I am not an economist - should take into account all factors, strictly speaking investors buy coins and not your market cap analysis graphs nor your all-time-high-to-current-price analysis. Therefore, the investor who bought CLOAK when its price was identical to VRC 323% better off today than investors who bought VRC at the same time. Investors who bought VIA when its price was identical to VRC 277% better off than investors who bought VRC at the very same time.

In investment, the only important measure is (at least for me) that how much ROI could be realised on 1 dollar investment, and VRC performs very poorly in the ROI comparison.

Isn't that simple? :-)))

I don't understand you hardcore cheerleaders, you are trying to justify and defend the unjustifiable poor VRC progress. It would be more reasonable you would admit, yeah we are not doing great lately and then move on to find the solution for the problems.
 

You are absolutely right, that should be taken into account as well. Since I am not a freaking economist and just having conversation with my good friend ELMER_FUD who seemingly obsessed with my posts, all I was trying to say that the ATH reached via a pump is not valid base for comparison.

Anyway, my opinion is that VeriCoin is not doing well on the market - see volume, price and order book. It would be great to see more volume, price and a healthier order book, but in order to achieve that the devs should start working on the coin. It's simple, I am not sure why the over-sensitive prima donna cheerleaders so unhappy about my constructive criticism.

One of your problems is that you are worried about trading matters such as that beginner link, but prior trading you should have rational thinking and the basic ability to perform simple logical reasoning - which evidently none of them you have. Your premise of "the all time high coin price that is caused by a pump indicates genuine investor activity" is false, therefore your reasoning and conclusion is completely irrelevant in the context of a discussion about the performance of the three coins.

With a formal logic modus ponendo ponens I say this
The price caused by a pump is artificial and does not indicate genuine investor interest.
The vericoin, cloak and viacoin all time high prices were reached during pumps.
Therefore, the VRC, VIA and CLOAK pumped all time high prices are don't indicate genuine investor interest (and they are insufficient for proper performance analysis).
Using a high school level formal logic sequent notation (which you must be familiar with as from your erratic behaviour it seems you are still in high school) we can describe this as P -> Q, P ├ Q.

As I demonstrated with a simple formal logic formula, your 90% or 43% data is irrelevant in the context of comparing the three coins, though I accept you hardcore cheerleader guys like to use that data to present your hype making and in the meantime - as I demonstrated it - delusional arguments.

You need to adopt rational thinking and logical reasoning. In order to do that you need to use valid data. Since the pump ATH price is irrelevant (see above), we need to use the current market price. These are
VeriCoin price:     9,200 Sat
Cloak price:       29,754 Sat
ViaCoin price:    25,500 Sat

From this you can see that at this moment in time cloak and viacoin price is 323% and 277% higher respectively than vericion. In the meantime we established already, that cloak and viacoin price was identical to vericoin not long time ago. Clearly, cloak and viacoin outperform vericoin. As the vericoin devs don't deliver other coins outperform vericoin (i.e. the investment flows there).

So what are you celebrating here my good cheerleader friend :-))))

 

Let's see the facts based on real market data instead of usual cheerleader mantra and hurrah talk. Since vericoin not even remotely connected to the market dynamics of Litecoin what you like referring to, let's see vericoin's performance against altcoins that are direct competitors such as CLOAK and VIACOIN. The market data indicate that all three currencies had their pumps and dumps, just like vericoin cloak and viacoin were pumped and dumped as well. Following the P&D vericoin is 9k at this moment in time while the price of CLOAK is 290% and VIA is 284% higher than vericoin. I understand you are a hardcore cheerleader but perhaps you could acknowledge that vericoin, cloak and viacoin delivered the above result this summer under the very same market conditions. Please note cloak and vericoin price was same end of June, and vericoin and viacoin price was same at the end of July.

So what kind of summer fashion, Litecoin and family vacations nonsense are you talking about?
 

No, there's no update nor progress. Last time I asked him about the whitepapers the arrogant answer was that investors need to check the roadmap. Obviously, a 3-4 sentences long brief update about the status of the progress never mind what the intended blockchain 2 functionalities are is unreasonable request. (In the meantime EffectsToCause had time talk about the FUDders on IRC for hours but he could not find time for a civil update ... so that's how the devs operate)

The truth is that the vericoin devs haven't developed anything innovative, additionally they are against serious professionals like Peter Todd and Gavin Wood in the blockchain 2 race, so I guess they have realized better not to talk about development if nothing is there.

Thanks for the tip Eth, the offer has been upgraded and 200k on the way :-)))

As for the vericoin integration to superNet, since James has not released any substance about his idea (e.g. white paper, software document, source code) except high level buzz words such as there will be some services, I guess better to wait until we understand what superNET is.

You have not missed any information. There are meaningless ideas like VISA card and signing up to Casheer.net which ideas would only help if the three wannabe coin developers would be capable to deliver something, which they aren't. There's no progress and development whatsoever regarding to vericoin, the three wannabe coin developers whom ability was limited to successfully fork the Sunny King code are unable to develop the coin further - never mind real innovation that investors expected from the PhD students and MS developer. Consequently there's is no news nor information on progress and development. That also explains why the price is 8.1k.

I was not aware that you execute such delusional business plan and you are on the mission to "create awareness & interest for the future of digital currencies". I thought we are having a rational conversation here about a concrete digital currency project vericoin and we aren't on irrational missions to educate human kind about digital currencies. Such ambitious aim like the vericoin community change the world should be outside of the scope of this project, especially in the consolidation phase of vericion when you need to address more pressing issues like the 8.2k price i.e. it is more rational before you educate the world try to get the crypto currency literate audience (who already know what digital currency is) into vericoin.

It's always amaze me how delusional and irrational are the hardcore cheerleader members of this community with missions like yours that aims to educate the world about digital currencies.


Which clearly indicates the solution for vericoin is not what you suggest. I also convinced a few people at the early days to invest to vericoin and I am sure most of the bag holders did the same, and still the coin has been a constant failure and continuously stagnating. What you suggest simply do not work. The simple reason what you say a logical fallacy is, because the state of the coin primarily doesn't depend on how many people you convince, but depend on what our three wannabe coin developers deliver (or sadly don't deliver in the case of vericoin).


I hope your mental state was a bit better and you had a more positive attitude at the Minnesota day than this :-))))

I think you marketing guys don't see this from the right angle. People love to hear about big money and opportunities, the small $1-$5 range is not interesting. If you tell you can win on the lottery $5 then ppl say, ohhh that's all. So what the lottery companies say? This week the winning is 125 million - and even there is virtually zero chance to win on individual level the lottery is a sustainable business.

So I think you should give the 12,000 VRC to one person at the end of the day with a drawing. But call the Minnesota Star Tribune that you are technically giving away a US$ 1,440,000, and explain in a small print that the amount is derived from the data and events indicate that VeriCoin will be $120 next year, because the altcoin market just like that, explain the Litecoin story that reached $120, etc. Or you just need to activate Lindon the guy in suit or socal who can predict well the $120 price. Anyway, 90% of the bag holders anticipate Vericoin will be one of the top 3 currencies (that means $120 price) so you are not going to mislead anyone saying that you give away US$ 1,440,000. In this case people who did not win will feel that they actually lost US$ 1,440,000 and 2880% ROI and there is a good chance they will buy Vericoin - to balance their loss (that never happened but they feel it did).

If it's marketing BS than it should be a proper BS.

I have to admit I know very little about marketing, generally I am very sceptical about the effectiveness of certain marketing methods like the free give away, but I take your word that it could be very effective. If it works out I will donate after :-))

I understand the constraints of the operation, I was not trolling and was seriously worried that in your place in Minnesota people will be pissed off from the $1 gift. But you know marketing, especially you know what works at your place, so if you say so I am sure everything will be fine.

I am ready to donate 100k VRC in the next 5 minutes to support any ideas that take this coin to the next level :-)) and I said to you I have nothing but respect for your hard work, but this event unfortunatelly will not change anything for vericoin, except that you feel very well that you have done something and probably that makes worthwhile the whole thing. So I am keep waiting for the opportunity to show my support. :-)))

I thought that event will be in the US, has the location changed to Malawi or Burundi? I mean if the capita per GDP is $300 like in those African countries then the $1 give away could be a very attractive deal for the poor buggers (no disrespect and God bless them it's not their fault their country is fucked-up), but in your place in the US to bother peoples with $1 gifts won't be rather counterproductive?

EDIT:
If here in Europe someone would stop me with a $1 deal that come with a 10 minutes explanation I would be wondering what kind of operation it is. I mean, would you really download an application for $1?