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hey folks. the coin will return as pow/pos coin with some inbuild features. check out the twitter and let's talk there  |
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dev, you are the co-founder of the shibe coin desaster right?
I didnt follow shibe to closely, and dont know what happened there, just so everyone knows.
Its a plus though, that we know who you are.
Still: 18.000USD for a lottey ticket feature? Seriously? And another 18.000 USD for a social media feature in the wallet?
Is there any solid calculation or did you just pull numbers out of your hat?
Yes. There is a solid calculation behind it. As I have announced in the whitepaper, we are not going to let "known crypto devs" (some of them are actually really good) work on it. But I have talked with most of them and they have evaluated how many hours an implementation for these software features would take: The numbers were not differing a lot. All the projects stated in the whitepaper require skills to pull off and take time. As announced, I want to bring in coders from the real world into crypto. Because our technology is not that developed and secure as we may think. You still notice: Hacks here, leaks there. This is poor coding craftmanship. Nothing else. So if you want something developed and something good, you have to pay the price. The ultimate price might be 20000$ or it might be 15000$. The estimation is just an estimation after calculating prognosed hours that need to be invested. Also please calculate that Europe (Germany in this case) has it's own bitcoin value to count on. A bitcoin here is worth mere 450-480Euros. For german standards, this is nothing. So your said 18k$ are now worth 12k. You have to live here for once or have the experience of valueing money slightly differently to understand the price in . |
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I agree to that. This still does not provide any safety for development funds or anything. My ID is known and posted in the whitepaper, you know how I look, you know what my name is. This is more than 95% of other DEV's or founders of a coin give away. The pressure is enough for me, to be fully open about those things. The only thing I can guarantee is, I am alone, I have no intention to fool you with layouts and sick announcements like other coins. I have my business idea and thats it. Take it or leave it . I didn't see your whitepaper yet, so didn't know you listed your identity. That is actually more than I even asked, as I meant simply providing your identity to the exchanges. As for Polo rules and safety of development funds, nothing is 100% safe. But it offers more safeguards than just handing over a giant sum of btc to any developer. Assuming I understand their rules correctly, devs only get funds when they need them, in order to do the things they stated they would. No giant lumpsum payouts and strict bookkeeping. Of course an exchange could just walk away with the funds, lie, or do whatever with the btc, but assuming we trust them at least somewhat, it is a safer route in my opinion (at least for the investor), than seeing a dev just be handed 100+ BTC. And even if you think it's no safer than how Bittrex does it, the general impression to investors is it would be safer. Which then should increase those investing = more money for you and the exchange. Haha. You were commenting in this thread without reading the whitepaper? Man!  |
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regarding the deleted posts:
Deleted SCAM calls that are unrelated and deliver no proof.
Deleted advertisements for other coins.
Regarding your questions about the funds: All the funds are spread and planned out as stated in the whitepaper statement section.
The problem with spread out funds is it doesn't offer any safeguard really. You may not be aware of past ICOs run on Bittrex, but DCM did that same exact thing. They spread their ICO money amongst 6 people, over 100 BTC. They all vanished and took the money with them. They locked the coin's thread and I believe the coin is either delisted or about to be. Coin went from 10K+ to a couple hundred sats. Again, I really think using Polo rules where an exchange holds the funds until the funds are used for what the devs say they will, and offering identification to the exchanges, would benefit both the exchange longterm, the devs running ICOs, and investors. I agree to that. This still does not provide any safety for development funds or anything. My ID is known and posted in the whitepaper, you know how I look, you know what my name is. This is more than 95% of other DEV's or founders of a coin give away. The pressure is enough for me, to be fully open about those things. The only thing I can guarantee is, I am alone, I have no intention to fool you with layouts and sick announcements like other coins. I have my business idea and thats it. Take it or leave it . |
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regarding the deleted posts: Deleted SCAM calls that are unrelated and deliver no proof. Deleted advertisements for other coins. Regarding your questions about the funds: All the funds are spread and planned out as stated in the whitepaper statement section. Regarding some private messages I have recieved with threats: No, I am not the Icebergcoin Dev. venturecoin is not affiliated with ARCHcoin nor Icebergcoin or other coins. Why the delay? I will post a statement later on that will clear things up. Basically the delay happened because we were implementing TOR anon in the codebase and tested it out. The sources + wallets will be updated within the next 48hours. If you want to have a 3rd party code review about TOR anon and the rest, simply message Bittrex people to post a small statement here. They will clear things up for you if you are in doubts. Remember to follow @ventcoin on twitter |
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news updated regarding wallet and github
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If this is full ICO (which I assume means full PoS) , how the hell can it be x13?
Where did you read this is a PoS coin  ? Venture does not believe in the current PoS technology as a stable base to work on. Also PoS means inflation, which means the market gets flooded by new coins created out of thin air. We do not support that either. |
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Another ARCH  Arch just paid the few people who bought in back via bittrex, looks like we shoulda trusted those devs eh? Maybe shouting scam at every coin is just plain dumb. It might suit venture interest here, but I agree that calling everything a scam from minute one might scare developers to work on coins. Even on existing ones. |
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You updated the whitepaper?
Good luck, once again
Yes, the whitepaper is updated. The part with the company is still in it and it will still support the coin, but will not be started from the funds of this coin. Statement regarding that coming soon. |
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 To win without risk is to triumph without glory. Invest in venture now.This is a full IPO-Coin (ICO) held @bittrex starting today 22nd July 2014 For full documentation and information, please read the Whitepaper (MEGA-Link) below.Launching Whitepaper including*list of funds *list of features *statement regarding funds *team info ***updated whitepaper***:https://mega.co.nz/#!41wUmRSS!H6NTobPmZmzMFTDifWkmFf7W4UW-nj1vOwNfA4SqDRsSpecsAlgo : X13 Total coinsupply: 3,000,000 VENT TOR anonRegarding TOR anon: A simplified explanation on how TOR nodes in the wallet work  Exchange ListBITTREX Contactmail: venturecrypto@gmail.comtwitter: https://twitter.com/VENTcoin hashtag #vent, #venturecoin IRC: http://webchat.freenode.net/?channels=venturecoinMission Statement/Founder Statementcoming soon! Recent updates/News Because of nearly no demand for the coin on bittrex, we will close down the ICO and refund everyone who bought in. We will try again some other time when some of the planned features are gettingn realized - maybe even without it being an ICOFAQQ: What happens if the ICO does not sell out entirely? A: The remaining coins will be burned and the address will be provided by bittrex. The market then has to re-evaluate the value of the remaining coins. Rules for the thread No threats, no insults, FUD allowed to a certain amount (better deliver proof) |
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we need a guarantee on our investment or we aint investing!
no way are we giving you $180,000 usd during a recession with no guarantee just because you an the boys at bittrex are cooking up more schemes!
the money needs to be held in escrow for at least 6 months until important project benchmarks are met.
otherwise yer just gonna take the money and do nothing to develop the coin!
I can totally agree to all that. I think you should think about that number of 6 months twice. How is it possible to hit important benchmarks without money to fund it? If you read the .pdf entirely and the new FAQ section in the OP, you can see for yourself, that the only thing that will be taken out is the money prepared for licencing features and tools and to start the company and secure the first contract cashflows. Nothing more, nothing else. I am totally up to any suggestions and ideas tho. |
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Thanks. I fixed the spellchecking. Totally my bad. another coin's like ICB?  no guy.. NO. This is an initial coin offering. There will not be any PoW phase afterwards. Whitepaper at launch... Now there's something I've never seen before...
Can you give us more details on the IPO?
Sure I can. Bittrex will act as the third party including an escrow service. You will be able to purchase the amount of coins you prefer for 10000 Satoshi only on Bittrex. I will not have access to the BTC for a certain amount of time and until Bittrex decides that the coin is working fine. Tomorrow we will release the github/wallets. That's 300 BTC in your pocket with no promise of future development! At what point does the IPO finish, and when do you get the money? The amount of BTC will be stored on a special account by bittrex where I will not have access until a) the ICO phase is over b) as usual we know . Did bittrex send you a text to copy and paste ? it is exactly the same as their last ico beginning of the week, or may-be you are the same dev. Your coin has absolutely no innovation, why would you get to an exchange before any other coin some are clearly better that this crap  If they continue, I will just stop doing business with them. The word innovation in crypto is way overused. What venturecoin is trying to achieve, is something different than others do. Innovation has nothing to do with what most altcoins do - all that happens is adding extensions and features to a technology that exists. There is rarely anything innovative in this regard. And in the way of adding features and experimenting with full privacy and centralization, venturecoin could become innovative as a trendsetter to move into the other direction. |
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Thanks. I fixed the spellchecking. Totally my bad. another coin's like ICB? no guy.. NO. This is an initial coin offering. There will not be any PoW phase afterwards. Whitepaper at launch... Now there's something I've never seen before...
Can you give us more details on the IPO?
Sure I can. Bittrex will act as the third party including an escrow service. You will be able to purchase the amount of coins you prefer for 10000 Satoshi only on Bittrex. I will not have access to the BTC for a certain amount of time and until Bittrex decides that the coin is working fine. Tomorrow we will release the github/wallets. That's 300 BTC in your pocket with no promise of future development! At what point does the IPO finish, and when do you get the money? The amount of BTC will be stored on a special account by bittrex where I will not have access until a) the ICO phase is over b) They have made sure the codebase, network, blockchain and I are still around and work fine. After I have gained access to the BTC, I will take the majority in cold storage, while the remaining BTC will be directly exchanged into fiat to fund the company and start working. For all of this, I will prepare the Wallet-Adresses from the funds exchanged, the funds in cold storage and every single project that will be started, will go throu the company (contracts etc...as stated in the whitepaper). As I am really active on bct, IRC and twitter, I will keep everyone updated, feed some news and answer questions regarding everything around venturecoin and the company. The ICO finishes exactly 5 days after official launch (21st July, 11pm GMT+1). |
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Thanks. I fixed the spellchecking. Totally my bad. another coin's like ICB? no guy.. NO. This is an initial coin offering. There will not be any PoW phase afterwards. Whitepaper at launch... Now there's something I've never seen before...
Can you give us more details on the IPO?
Sure I can. Bittrex will act as the third party including an escrow service. You will be able to purchase the amount of coins you prefer for 10000 Satoshi only on Bittrex. I will not have access to the BTC for a certain amount of time and until Bittrex decides that the coin is working fine. Tomorrow we will release the github/wallets. |
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