And now a word from... ok, lets get some RESULTS! Perhaps with some some money will come to VRC, finally, before we follow BC towards the singles like we have been doing for weeks now.
Doug, that white paper shouldn't take too much longer to be written. Nor should the new version of the wallet with the real staking coins numbers. And those are very simple things, not even results, but would be much better than the NOTHING AT ALL we have had for quite a while now.
Now, for the roadmaps etc... why not trying something really retro-original... like, for instance, announcing that we are going to get results, specific results, on some specific date? I know, a lot of people support YOUR idea of not doing it to avoid the "inevitable dump when the deadlines are not met"... well, guess what: Them and YOU, are completely WRONG on that one. Proven. Irrefutably. Signed, sealed, delivered: We haven't had any deadline missed in the last few weeks and we are, indeed, 66% below the price then so there's nothing to lose, really, is there? The community is stretched already to the max: Everyone is staking. Everyone with cash is buying at current prices... and still, the spiral downside continues, so why not change the strategy altogether? It will probably work. I am willing to bet that it WILL work. And what if they dump if you miss some deadline in the future? No one would complain much if the coin is dumped, for that reason, from 30k to 20k or less... we are, I would remind you, at barely 11k, so, really, there's nothing to lose at this point.
No? OK. It was just a suggestion... with a guarantee attached: It could NOT provide worse results than the ones already "achieved".
And I for one believe that it would provide a much better results right away.
But, of course, you know oh so much better, so use your discretion, ok?
I think you are absolutely right in pointing out that vericoin need something and quickly to change the down trend spiral. It seems the devs understand that as well and they are working on new features. One thing is sure, the hardcore cheerleading mantra of "stake your coin people and the price will goes up" doesn't work and people with money don't believe in that hype any more. |
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It seems from the discussions and brain storming during the week in this thread that many of us strongly believe the blockchain 2 development could save this coin and start increasing the price in this difficult altcoin market. It's quite clear that the blockchain 2 development is very important for many bag holders, investors and probably potential investors as well. EffectToCause dev indicated in this thread yesterday that a white paper is coming from the devs on the subject. Would be it possible to know when the white paper will be published please? I am not asking definite due date, but are we talking about days, weeks or months regarding the time frame of blockchain 2 white paper release?
I really don't want to spam this thread with my queries, but the DEVs have never answered my question about the white paper release date, so could you please let us know when the white paper will be out? It seems many coin holders are interested in blockchain 2 development, we think the development in that area could change the down trend, so it would be great to know the status of the white paper. Sorry, I would answer if I knew but Doug is writing it and I'm not sure how far he is. We chatted about it, but as far as the pen-and-paper date, not sure. He's on vacation now, though, so not this week I would guess. No problem, thanks very much for your reply, it is good to know the white paper is in progress. |
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It seems from the discussions and brain storming during the week in this thread that many of us strongly believe the blockchain 2 development could save this coin and start increasing the price in this difficult altcoin market. It's quite clear that the blockchain 2 development is very important for many bag holders, investors and probably potential investors as well. EffectToCause dev indicated in this thread yesterday that a white paper is coming from the devs on the subject. Would be it possible to know when the white paper will be published please? I am not asking definite due date, but are we talking about days, weeks or months regarding the time frame of blockchain 2 white paper release?
I really don't want to spam this thread with my queries, but the DEVs have never answered my question about the white paper release date, so could you please let us know when the white paper will be out? It seems many coin holders are interested in blockchain 2 development, we think the development in that area could change the down trend, so it would be great to know the status of the white paper. |
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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 even have an M3... just a 2008 135i ($16k on the used market now) :-p. Also, I've been dealing with a lot of stuff over the past couple of weeks and have been quite preoccupied by it. Sorry for being somewhat absent. I'm back now, though! I understood you don't have and it was very kind of you answering and dealing with that nonsensical rumours at the time when it was mentioned. I can imagine you did not start this process to deal with this all kind of nonsenses, but on the other hand when people losing so much money like they do with vericoin only you can explain that everything is legit and you did it, and thanks for that. Thanks for doing the project and hopefully your team can continue to develop the coin, and then we bag holders feel a bit better about holding and even buying more. |
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It seems from the discussions and brain storming during the week in this thread that many of us strongly believe the blockchain 2 development could save this coin and start increasing the price in this difficult altcoin market. It's quite clear that the blockchain 2 development is very important for many bag holders, investors and probably potential investors as well. EffectToCause dev indicated in this thread yesterday that a white paper is coming from the devs on the subject. Would be it possible to know when the white paper will be published please? I am not asking definite due date, but are we talking about days, weeks or months regarding the time frame of blockchain 2 white paper release?
For the past few days, the communication between the community has been positive, I know people have questions and they should since they invested. I really love how the devs have been coming here to clear the air and layout upcoming plans.  Yes, I fully agree. The coin is basically the devs and it is very important how the devs handle the communication with the community. If there is an impression that the coin is developed by an elitist, arrogant dev team that attitude is that this our coin, we do what we want and we don't have to say anything for bag holders then that probably isn't the best selling point for the coin. If the coin developed by a team that don't mind to spend 5-10 minutes a day to communicate with the community here (which seems is the case in the last 1-2 days) then that sends a nice message to potential investors. I had a lot and still have viacoin and I don't mind at all the 240 BTC volume there and I could realize very reasonable BTC profit with viacoin in the last 24 hours, but as a vericoin bag holder it breaks my heart that at least a good portion of that viacoin money could come here if the community-devs communication would be a bit better, the cheerleading brigade would stop spreading the usual nonsense and the devs would put more focus on developing blockchain 2 features. |
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It seems from the discussions and brain storming during the week in this thread that many of us strongly believe the blockchain 2 development could save this coin and start increasing the price in this difficult altcoin market. It's quite clear that the blockchain 2 development is very important for many bag holders, investors and probably potential investors as well. EffectToCause dev indicated in this thread yesterday that a white paper is coming from the devs on the subject. Would be it possible to know when the white paper will be published please? I am not asking definite due date, but are we talking about days, weeks or months regarding the time frame of blockchain 2 white paper release?
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Just sit and hold tight. We will get there
and by sitting and holding tight the value will go up how? i love those slogans, just repeat them from time to time and everything will be ok  Exactly, that's what I was trying to argue yesterday, but the cheerlading brigade argument is that if you hold the coin then the value will increase, so it seems that's the main strategy for growth. |
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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. |
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 That was really nice support at .0045 But, I only got my buy order in late, and missed it. Payed .00491, and GLAD to pay that!!  A valuation equal to or near NXT seems to be a consensus target valuation and is realistic to expect, imho. ~darylluke. UPDATE: I remember how I felt so nervous adding more BTCD at .00171!! I just went all in, and now am the proud new owner of 250.61602821BTCD! I know this is not much, but is EVERYTHING I have. I am 53, and without any job almost 3 years now. So, this is my greatest hope to help my family(denied food-stamps!). BEST OF LUCK to us all here!! THANK YOU James, for everything you are doing for us all, sir!! Very much appreciated.  Interesting coin and it seems great developers. Sorry to hear this coin is your greatest hope, it must be a stressful situation and I wish the best, I hope it will work out for you. I was just wondering how exactly you have 250 BTC, the whole order book is 53 BTC in Bittrex at this moment in time, you surely won't be able to sell your 60,000 coins for 250 BTC. He has 250BTCD not BTC Ah yes, I just read again and indeed he has 250 BTCD, sorry it was my mistake. In this case I wish an even bigger good luck and the best. |
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That was really nice support at .0045 But, I only got my buy order in late, and missed it. Payed .00491, and GLAD to pay that!! A valuation equal to or near NXT seems to be a consensus target valuation and is realistic to expect, imho. ~darylluke. UPDATE: I remember how I felt so nervous adding more BTCD at .00171!! I just went all in, and now am the proud new owner of 250.61602821BTCD! I know this is not much, but is EVERYTHING I have. I am 53, and without any job almost 3 years now. So, this is my greatest hope to help my family(denied food-stamps!). BEST OF LUCK to us all here!! THANK YOU James, for everything you are doing for us all, sir!! Very much appreciated. Interesting coin and it seems great developers. Sorry to hear this coin is your greatest hope, it must be a stressful situation and I wish the best, I hope it will work out for you. I was just wondering how exactly you have 250 BTC, the whole order book is 53 BTC in Bittrex at this moment in time, you surely won't be able to sell your 60,000 coins for 250 BTC. |
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Excellent, this team and coin is getting better and better.
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It is interesting, the trolls and vericoin haters immediately here after Doug, EffectsToCause posted at http://bit.ly/1skaKJJ and http://bit.ly/1A24Xt7, and once the community is reassured that the developers are committed to the project and working on great features and new, exciting things are in the development pipeline then it seems other coins enter to worrying mode, and then come here to troll. Anyway, I look forward to see the white paper from the devs that Doug mentioned in that post. We all know Buterin's white paper and Gavin Wood's yellow paper started what kind of storm with Ethereum, that storm size is US$ 15 million right now and the whole thing is started with two excellent white/yellow papers. Based on what I can see from the team I believe the vericoin devs capable to produce a similar quality material than Ethereum has, and then the Vericoin future will be very bright. |
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26,011,831.425 coins staking...97%
this can't be true. there has to be something wrong. The price would have been 10x what it is now. Not necessarily, I mean it could be the lack of my understanding regarding the whole thing, but I have never understood the logic of stake your coins and price must go up argument. When I hear from the main vericoin supporter (I just heard from him on the radio) that "it is simple people, stake your coins and the price will go up, supply and demand people, it is simple" then I just don't understand the rational behind that argument. I think it is a false logic to assume that just because something is not available on the market then the price of that thing must automatically goes up. As far as I know the price of a commodity/thing goes up either if a) there is a widely accepted consensus that the commodity is valuable mostly because it is rare for example diamond or gold, so the price have been steadily raising in the last few thousands years, plus some economic events like an economic crisis could make the commodity a good, safe investment then the price rise even further b) some historical or sentimental value is attached to the thing like antiques or Elvis' guitar c) the commodity or thing actually has a practical usage like oil or porn video have and when the commodity/thing supply is reduced, then the price could go up I guess Vericoin aims to be in category "c", it has no practical usage yet, but the Devs are working on exciting things like blockcahin 2 so hopefully it will be in category "c" soon :-))) then the price should go up with or without staking. |
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Regarding blockchain 2.0, we are taking our first practical step with 2.0 technologies by building in decentralized username support. Along with that will be a decentralized registration process and fully decentralized privacy/anon tech to preserve security and privacy of usernames. Writing whitepaper for this now.
Great, thanks very much for the info! That is a very good news, it seems VeriCoin is in the blockchain 2 race! |
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but make sure you are prepared to make a public apology later on when we get back to/past 30k
I understand you are on a mission to make this process work, even it seems you have reloaded your firmware and lately you entered into a hardcore cheerleading crusade mode, but the first person who should make a public apology here is you. You have been calling people here and on IRC retard, idiot, bipolar and all kind of offensive names and telling fuck off anyone who dared to question the intention and integrity of your saviour Wizrig. You were the most vocal supporter and foot soldier of the scammer wizrig, so a sorry for the investors who believed in your hype would be quite necessary in my opinion. After perform a hard reboot on your crusade robot firmware and when you come back please make sure you don't command people what to write here, what to think and how to see this process. When you are not here with your usual "price going to sky rocket soon" nonsense actually there are lots of very interesting, reasonable and sensible suggestions appear here. |
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So, I just thought I'd come in here to share my experience with Vericoin.
In short, I was new to crypto, bought in to VRC during the big pump at around 30k, as it looked like it had real promise as becoming a real currency.
During that time the devs were posting here nearly every day with updates, deadlines, road maps, the works.
Then the rollback happened.. I still believe that the devs made the best decision at the time and handled it well with the rollback etc. They did the best they could.
Since then though, they've been almost entirely absent. Very few posts, and the posts they have made have been vague at best. It really seems to me like they have given up on the coin and are just not wanting to go public with the fact as yet. Socal here has basically been the only person giving any updates at all on new developments, and even still they have been vague. So many things "nearly finished" for so long?? Where's the website? It's not hard to make a website like that. It should take maximum one day to completely rewrite the Vericoin website. iOS wallet? Yeah a but harder so I can understand it taking longer, but still it was "nearly done" weeks ago..
I honestly now believe that the devs have been stringing this out as long as they can while they unload their coins. Stringing along Socal in the process (or perhaps he is in on it and doing the same?).
If I was a betting man, and I am, I would bet that we will never see any more updates to VRC. The devs are done with it, they're gone. The only new stuff is coming from desperate bagholders trying to hold things together, and doing at least an ok job I'll admit.
One last question I have here which has puzzled me the whole time is this:
Why did pnosker transfer 200k VRC from his wallet to exchanges right after the rollback? Apparently this was to somehow protect the coin? But you would meet BTC on the exchanges to do that right? So why then? Where are the coins now? Have the devs released their wallet addresses recently to show they are still holding? Again, I'd bet that they have not.
Call it you favorite word "FUD", call it what you like. This has been my experience with Vericoin.
I wish you all the best of luck in your futures!
One of the best posts I have read here, you just summarized what many people think about this process. And many people are in the same situation like you are, we bought in vericoin believing in the presentation of the Wizrig & Co & Dev hype-making combo. It is fully understandable you are wondering what's happening around the coin when the devs don't have 5 minutes to share their view here on development related suggestions. I don't understand too what's happening and why the devs can't reflect on intelligent suggestions like what Galix's submitted here (especially, that in the meantime they have time to chat on IRC). Personally I don't think the devs started this process to pull off a scam & dump trick even if they were making the hype with wizrig. The devs seems are honest guys, they don't scam people, plus they are intelligent professionals and they know such scam and cause loss for many people would remain on their CV forever. I guess things just did not work out so far, but it is never late for a change. The question is will the process change, the devs start to focus on features that matters (blockchain 2) and listen to what the community say instead of communicating only with the 1-2 prominent members of their cheerleading brigade? I am not sure. |
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Decentralize exchanges needs to come quicker then the speed of sound at this point. This is what all coins should be working on in my opinion.
You are absolutely right, the devs should focus on that. I didn't think the devs ignore the community's input. I understood and remember they said on the hangout that they monitor the thread - they just don't have time to reply. That's fine, no one expect the devs permanent presence here. However, when such an intense discussion is on the thread like it was yesterday about the blockchain 2, Galix and others had concrete suggestions on the subject, plus other coins push very hard the technology, plus the money is clearly flowing to blockchain 2 related coins, then I think it would be very necessary that the devs would put a 5 minutes effort into the process and at least say something about the topic, so the community and potential investors would understand what will be the vericoin blockchain 2 strategy. I think it is very important for potential investors to understand at least in principle the process and directions. For example I understood what Viacoin is aim to achieve with their blockchain 2 ClearingHouse, it seems it will be based on CounterParty, it is a very high level info, but it was good enough for me to get some Viacoin and right now I have more viacoin then vericoin (and I still have quite a lot vericoin but it is a different issue). Other people with money did the same, based on the very high level information bought into Viacoin. And we invested in the same way into Ethereum, except that I know Buterin and Gavin Wood and about their work for long, but most of the investors just invested based on a high level info. There is no word from the vericoin devs regarding what's the idea/direction about blockchain 2 never mind design or implementation details. Thanks for pointing out I should go to IRC and ask questions about the subject, but I think the devs should come here and instead of sharing some info with me on IRC they should share the info here with everyone. The blockchain 2 related info from the devs could be important for others as well, mainly for potential investors, so I believe that info should be here in this repository. |
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If you are correct and VeriCoin makes it to the 3rd spot, and reaches a market cap of $56,000,000, we would be looking at 350,000 satoshis.
Honestly, with the fiat to VRC and credit card to VRC, this seems small. The focus of these updates is to take VRC mainstream. When we've gone mainstream, VRC could likely exceed $56,000,000 market cap and probably start to approach half a billion. This would place us in the 1 to 3 million satoshi range. When VRC starts rising up the charts news sites, blogs, and twitter accounts will start sharing. We may even get another CoinDesk article up. There may be a correction, but a small one. Dumps become weaker and weaker as news sites pick up on VRC.
HAHAHAHAHAHAHA I'm sorry. I had to bring this up. I remember laughing like a hyena when i first read it. I hope VRC will bounce back though. Yeah, that guy was epic LoL I remember he was here every day when the price was rising from 15K to 50K (I bought a lot at the time around 17K) and he was making this ridiculous hype in his formal wear suit and tie avatar. Actually he was smart, probably he was dumping his vericoin while posting those ridiculous posts. But that guy is still a scammer like WizRig & Co and his supportive IRC buddies. Since then vocal supporters and cheerleaders are still making ridiculous claims here every day about the great features that are apparently coming (and when you check the details you will see nothing relevant is coming), the most loud one is shouting like a laughing hyena that "I want you hold your vericoin" and when you ask a question why would I do that he says because VerciCoin will be big, but he can't back that prediction with any rational argument. So not a lot changed since the suit avatar guy here - very capable and honest developers and ridiculous cheerleaders. Crindon is part of the "XC community" as per his latest posts. That guy was a Hype man. He sent a few bucks to the devs as his forum posts suggested. "I want you to buy food with it, its for you" blah blah blah, something like that. He made a lot of money, enough to throw a few hundred at the developers and make it sound like he was changing their lives. That guy is a joke, only thing he wants is a dollar, he could care less who he tramples on to get it. A lot of people are working on projects behind the scenes. I gave up on trying to reason with people here. Just finished up setting up some OC'd S3's to start accumulating at these prices, while I work to build content for VeriCoin related business / websites. Yeah, that Crindon guy with the suit avatar was exceptional :-)) I know you have been trying your best to help for this project and I think you helped a lot. |
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Great coin, great community, great development team. VeriCoin is the best investment opportunity right now.
Wow, a lot's changed for you in 1 month, eh? For those of use newer to the forum, would you mind stating one of the good ideas that the devs are ignoring. Maybe pick the best one and restate it. It'd be really cool if you could do it without all the rude and condescending language that you seem to enjoy typing so much. Nothing really changed, I said here yesterday that this is still one of the best coins, I always say the devs are great, nice, honest guys, nothing wrong with the community except the Wizrig associate hype making cheerleaders do nothing good for the coin. |
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Great coin, great community, great development team. VeriCoin is the best investment opportunity right now.
Wow, a lot's changed for you in 1 month, eh? For those of use newer to the forum, would you mind stating one of the good ideas that the devs are ignoring. Maybe pick the best one and restate it. It'd be really cool if you could do it without all the rude and condescending language that you seem to enjoy typing so much. Read back a few pages please and you will see Galix's suggestion and the lot of talks regarding to possible development directions. |
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