VeriCoin selling out all the ideals that Bitcoin is about? Its centralized!

[PurpleYouMe]

https://i.imgur.com/PGJf5B2.jpg

[PurpleYouMe]

@pnosker doesn't veribit and verisend require payments to go thru vericoin servers? doesnt that defeat the whole point of decentralization?
 
@PurpleYouMe for now. VeriSend will be open sourced soon. Also, you are free to not use the services and use the decentralized aspects.

@pnosker for now? why would you even develop temporarily on a centralized foundation? it goes against everything bitcoin is about.

@PurpleYouMe feel free to develop your own coin if you think we are doing it wrong.

And by the way, what a cop out reply "develop your own coin if you don't like it", sounds like something someone would say when they don't want to answer a sincere question.

[statdude]

I've been asking around for what are the strong/unique features of this coin.

From what I can tell it's basically a run of the mill Mini-POW period then POS coin that has built an automated "exchange" that is centralized and lets you spend VRCcoins as BTC, a text coins to your friends feature, anon mixing, with a very short distribution.

"Cool" but not groundbreaking features + POS distribution (Like NXT, limits supply artificially + rich get richer)  + "anon" tech = perfect storm of pump/hype.

Based on these concerns, I'll hold off at these prices. Although, this hasn't stopped coins with similar weaknesses from doubling or tripling VRC's current cap.

I'd LOVE to be convinced otherwise, so have at it VRC fans. Trust me, I LIKE feature to be able to spend your VRC as BTC, especially if they make it centralized, or send to your friends via text/twitter. But why can't other, better coins (like CN coins) just copy this idea?

[ebliever]

Thanks for wasting my time with a pointless OP. No one is forcing you to invest in VRC. If it violates your principles somehow, feel free to skip it. This is awfully tenuous reasoning, though, IMHO.

[statdude]

Thanks for wasting my time with a pointless OP. No one is forcing you to invest in VRC. If it violates your principles somehow, feel free to skip it. This is awfully tenuous reasoning, though, IMHO.

Why are you investing in VRC?