[$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!]

[Dogedarkdev]

Hello everybody,

I need to understand some things with the XVG web wallet.

1.
The current balance in my web wallet is not reflected by the prohashing block explorer
https://prohashing.com/explorer/Verge/
My XVG address is DRQzMiThNaSsUEok8Nos8gKDKuQGyBCkTu.
The prohashing block explorer indicates 24 XVG as current balance, while in reality the balance is 4.88431600.

2.
A problem connected with the previous one is that the block explorer shows a transaction I have never made. Specifically, I have never withdrawn 9.8 XVG from the address.
When I first saw this transaction I was scared because I thought that someone had used my wallet. Then I tried to rationalize and withdrew the entire balance to check if I could do that. I managed to withdraw, which showed that the wallet amount, which was greater than the prohashing amount, was the real one.
Can anyone explain what's going on here?

3.
When a withdrawal is effected, there is no indication about the network fee being charged. The withdrawal is executed, BUT if the entire balance is withdrawn this will result in a negative balance, which can be corrected only by adding funds to somehow unblock a pending payment. This actually happened to me: the payment got unblocked as soon as the negative balance was solved by adding funds.

Thanks in advance to anyone who wants to reply.

the accounts start with a -0.1 balance to account for fees. we dont suggest using the web wallet, because we prefer our users own their coins instead of keep them in a centralized location where they dont own them. the web wallet does work however.

[Goruno]

Yesterday I e-mailed Poloniex. I would like to add the verge.
Reply:


We are talking to the software developer. We will add to the system as soon as possible.

Sincerely,

The Poloniex Team


This mail came to me.

i've deleted this guys post about 4 times, so i'll just stop.

not that i don't want poloniex to add verge, because that would be great, but they do not email users and tell them if they are going to add a coin or not. they just launch it, without telling anyone.

Wow. it's really interesting . I can guess this fact will be done soon on the poloniex exchange.
We are waiting for more good news from Dev and  He has been working so hard and give us a good chance to join this project .
You are doing very well on your project . Thank you, Dev.

[Ayers]

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

nice sum up, thanks, so what is this RSK, a new feature for this coin? surely it come with great features which make me look forward to this project, but something is holding this coin back

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

Yes to all of this.

This is not happening and it's a dumb choice on many levels. Dev has already discussed this. Read the post history before telling Dev what he should do. It's really assuming, naive, big headed, and annoying.

correct. i am not going to hard fork to take away users coins. that's absurd.

you would not take away what users have now, you woudl take away what the miners will mine in the future, none will lose anything

[Dogedarkdev]

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

nice sum up, thanks, so what is this RSK, a new feature for this coin? surely it come with great features which make me look forward to this project, but something is holding this coin back

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

Yes to all of this.

This is not happening and it's a dumb choice on many levels. Dev has already discussed this. Read the post history before telling Dev what he should do. It's really assuming, naive, big headed, and annoying.

correct. i am not going to hard fork to take away users coins. that's absurd.

you would not take away what users have now, you woudl take away what the miners will mine in the future, none will lose anything

80%+ have already been mined, so we're not going to just cut off the remaining 20%. i can consider making the rewards smaller, although its only making 1,560 coins per block at this point, and we're already more than halfway through the second to last halving. last halving occurs in less than 1million blocks.

[self1sch]

I downloaded the Verge Wallet for OS X and let it sync for 4 days, it's still only at 20%.
Any advice to speed this up?

[AceOfPentacles]

Does the expired hosting on blockexperts mean anything? Not sure which block explorers matter

https://www.blockexperts.com/xvg

[Dogedarkdev]

Does the expired hosting on blockexperts mean anything? Not sure which block explorers matter

https://www.blockexperts.com/xvg

no we just dont use that one anymore because we have 3 others

[Dogedarkdev]

I downloaded the Verge Wallet for OS X and let it sync for 4 days, it's still only at 20%.
Any advice to speed this up?

download the chain from vergecurrency.de

[Maku92]

Hi !

Could someone tell me, what is the close future of Verge coin? Where can I get more informations about this case?

[Dogedarkdev]

Hi !

Could someone tell me, what is the close future of Verge coin? Where can I get more informations about this case?

https://vergecurrency.com/#roadmap

[Maku92]

Thanks  👍
Could you explain to me, what  this "radio" means? Will  volume  of verge grow becouse of this update?

[Dogedarkdev]

Thanks  👍
Could you explain to me, what  this "radio" means? Will  volume  of verge grow becouse of this update?

i don't think the radio itself will increase volume. it's for information/entertainment about crypto

[Kryptomaniac]

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

nice sum up, thanks, so what is this RSK, a new feature for this coin? surely it come with great features which make me look forward to this project, but something is holding this coin back

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

Yes to all of this.

This is not happening and it's a dumb choice on many levels. Dev has already discussed this. Read the post history before telling Dev what he should do. It's really assuming, naive, big headed, and annoying.

correct. i am not going to hard fork to take away users coins. that's absurd.

you would not take away what users have now, you woudl take away what the miners will mine in the future, none will lose anything

By doubling price you're not taking anything away:  "if you have 2 Coins and they are each worth $1 and I tell you that if you burn 1 of the Coins the coin that's left will now be worth $2 will your worth still be 2$s"

Here's some of what I posted on last page:

".....the amount of $XVGs in my portfolio allocates the greatest portion of the pie.  .....but like most on this forum I like what Verge has to offer in relation to its price.

Take away Coins?  Say what?.... I agree that would be, if you allow me, "VERY, VERY STUPID" but that's not what I'm suggesting at all.  What I'm suggesting would revolutionize $XVG and correct me if I'm wrong but maybe it would be a first in the world of Crypto.  A halving of circulating supply with immediate doubling in price is what I'm suggesting; in the traditional Stock Market is called a Reverse Stock Split, we can call it "Reverse Coin Split".  Here's how it will work:

Designate a block that when reached will half Circulating Supply while AT THE SAME TIME signal all participating exchanges, wallets to DOUBLE THE PRICE when that block is hit on the chain.  To a certain extent Kraken did something similar with my account with ETH/ETC I've had double coins ever since that fork.

...The main objective is to overcome the "Psychological Barrier" related to circulating supply ...Things are moving too fast now and powerful new players are entering the space.  It's just a matter of time till a new "Coin" a new "DAO" if you would, with the objective of being a transactional or micropayment Currency hits the space.

We have a slice of time in which we could become Relevant and if we miss the now in becoming "Great" it would be very difficult to do it in the face of a new coin created on the basis of the "Wisdom of the Crowd" and all the collective wisdom from all the errors made from existing Coins. 

Cheers!  Go, go $XVG"

[Jeantheboy]

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

Yes to all of this.

This is not happening and it's a dumb choice on many levels. Dev has already discussed this. Read the post history before telling Dev what he should do. It's really assuming, naive, big headed, and annoying.

correct. i am not going to hard fork to take away users coins. that's absurd.

First and foremost the amount of $XVGs in my portfolio allocates the greatest portion of the pie.  Also I'm not "dumb" nor do I make it a practice to make "absurd" suggestions; I'm not naive nor am I presumptuous and I definitely don't have a big head - And just to throw it out there I was an Assembler Programmer before many, I would imagine, of the "Senior Members" were even born and yet I don't consider any of that a basis to make me a so called "expert" but like most on this forum I like what Verge has to offer in relation to its price.

Take away Coins?  Say what?.... I agree that would be, if you allow me, "VERY, VERY STUPID" but that's not what I'm suggesting at all.  What I'm suggesting would revolutionize $XVG and correct me if I'm wrong but maybe it would be a first in the world of Crypto.  A halving of circulating supply with immediate doubling in price is what I'm suggesting; in the traditional Stock Market is called a Reverse Stock Split, we can call it "Reverse Coin Split".  Here's how it will work:

Designate a block that when reached will half Circulating Supply while AT THE SAME TIME signal all participating exchanges, wallets to DOUBLE THE PRICE when that block is hit on the chain.  To a certain extent Kraken did something similar with my account with ETH/ETC I've had double coins ever since that fork.

This suggestion is open for discussions but the main objective is to overcome the "Psychological Barrier" related to circulating supply.  If you'd like to see the barrier for yourself study the "Price to Supply Ratio" of the top 100 Coins and you'll see it.  Things are moving too fast now and powerful new players are entering the space.  It's just a matter of time till a new "Coin" a new "DAO" if you would, with the objective of being a transactional or micropayment Currency hits the space.

We have a slice of time in which we could become Relevant and if we miss the now in becoming "Great" it would be very difficult to do it in the face of a new coin created on the basis of the "Wisdom of the Crowd" and all the collective wisdom from all the errors made from existing Coins.  

Cheers!  Go, go $XVG

Hello everybody,

I do appreciate what Kryptomaniac proposed. I am a financial science enthusiast. A stock merge. This may be a marvelous idea. The number of coins outstanding halves while the price per coin doubles, thus preserving the total market value of the asset. For example, 1000 units with 1 EUR per units gives 1*1000 EUR total; 500 units with 2 EUR per unit gives 2*500 EUR total, and so forth: 3*(1000/3)... This seems to be a very good idea. I am not a programmer. But if this is feasible after the developers properly evaluate the how and are persuaded that it should be done, hey this may be a game changing rule. Wow!

[Dogedarkdev]

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

Yes to all of this.

This is not happening and it's a dumb choice on many levels. Dev has already discussed this. Read the post history before telling Dev what he should do. It's really assuming, naive, big headed, and annoying.

correct. i am not going to hard fork to take away users coins. that's absurd.

First and foremost the amount of $XVGs in my portfolio allocates the greatest portion of the pie.  Also I'm not "dumb" nor do I make it a practice to make "absurd" suggestions; I'm not naive nor am I presumptuous and I definitely don't have a big head - And just to throw it out there I was an Assembler Programmer before many, I would imagine, of the "Senior Members" were even born and yet I don't consider any of that a basis to make me a so called "expert" but like most on this forum I like what Verge has to offer in relation to its price.

Take away Coins?  Say what?.... I agree that would be, if you allow me, "VERY, VERY STUPID" but that's not what I'm suggesting at all.  What I'm suggesting would revolutionize $XVG and correct me if I'm wrong but maybe it would be a first in the world of Crypto.  A halving of circulating supply with immediate doubling in price is what I'm suggesting; in the traditional Stock Market is called a Reverse Stock Split, we can call it "Reverse Coin Split".  Here's how it will work:

Designate a block that when reached will half Circulating Supply while AT THE SAME TIME signal all participating exchanges, wallets to DOUBLE THE PRICE when that block is hit on the chain.  To a certain extent Kraken did something similar with my account with ETH/ETC I've had double coins ever since that fork.

This suggestion is open for discussions but the main objective is to overcome the "Psychological Barrier" related to circulating supply.  If you'd like to see the barrier for yourself study the "Price to Supply Ratio" of the top 100 Coins and you'll see it.  Things are moving too fast now and powerful new players are entering the space.  It's just a matter of time till a new "Coin" a new "DAO" if you would, with the objective of being a transactional or micropayment Currency hits the space.

We have a slice of time in which we could become Relevant and if we miss the now in becoming "Great" it would be very difficult to do it in the face of a new coin created on the basis of the "Wisdom of the Crowd" and all the collective wisdom from all the errors made from existing Coins.  

Cheers!  Go, go $XVG

Hello everybody,

I do appreciate what Kryptomaniac proposed. I am a financial science enthusiast. A stock merge. This may be a marvelous idea. The number of coins outstanding halves while the price per coin doubles, thus preserving the total market value of the asset. For example, 1000 units with 1 EUR per units gives 1*1000 EUR total; 500 units with 2 EUR per unit gives 2*500 EUR total, and so forth: 3*(1000/3)... This seems to be a very good idea. I am not a programmer. But if this is feasible after the developers properly evaluate the how and are persuaded that it should be done, hey this may be a game changing rule. Wow!

yeah that's just not going to happen though. the price is created by the market, not me, and there is no "price automatically doubles" in crypto. but yeah, i get what you guys are saying. more rare = more enticing for noobs that dont understand crypto. that just isn't what we're trying to achieve, but thanks for the input gentlemen =]

[eagle10]

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

nice sum up, thanks, so what is this RSK, a new feature for this coin? surely it come with great features which make me look forward to this project, but something is holding this coin back

any chance the supply will get a cut in the future, i think what is holding back this wonderful coin, is the immense supply, if it can be reduced to million instead of billion would be better imho, i know it require a hard fork but its worth the risk

First I want to say our Dev Team is doing a Top Notch Job - keep it up!

Your suggestion needs to be analyzed.  At this point the space has gone into "Hyperspeed" and we need dramatic and intentional moves.  "Coin Reduction" would be a BIG MOVE; raising scarcity would increase value.

I would add that adding PoS immediately would be of great benefit as well.  It's hard to park your cash in a coin that doesn't pay dividends for holding while almost all other coins that share our objectives are providing STAKING incentives.  For the holder Staking represents some assurity during the inevitable "Pumps and Dumps" plus it provides a double incentive of value:  The rise in coin value (XVG $1.00) + the Staking Dividend.  For Hardware Miners it becomes a triple incentive if they choose to hold what they mine.  

This is definitely a race, so reminiscent of 1999 with another emerging technology at that time.  I know by these suggestions we're asking a lot from the Devs but I strongly feel we have a strong community willing and able to support our Team in whatever is necessary.  

So, Coin Reduction + PoS = Rise in Coin Value

Btw, Coin Reduction becomes very meaningful when RSK is implemented.

Yes to all of this.

This is not happening and it's a dumb choice on many levels. Dev has already discussed this. Read the post history before telling Dev what he should do. It's really assuming, naive, big headed, and annoying.

correct. i am not going to hard fork to take away users coins. that's absurd.

you would not take away what users have now, you woudl take away what the miners will mine in the future, none will lose anything

By doubling price you're not taking anything away:  "if you have 2 Coins and they are each worth $1 and I tell you that if you burn 1 of the Coins the coin that's left will now be worth $2 will your worth still be 2$s"

Here's some of what I posted on last page:

".....the amount of $XVGs in my portfolio allocates the greatest portion of the pie.  .....but like most on this forum I like what Verge has to offer in relation to its price.

Take away Coins?  Say what?.... I agree that would be, if you allow me, "VERY, VERY STUPID" but that's not what I'm suggesting at all.  What I'm suggesting would revolutionize $XVG and correct me if I'm wrong but maybe it would be a first in the world of Crypto.  A halving of circulating supply with immediate doubling in price is what I'm suggesting; in the traditional Stock Market is called a Reverse Stock Split, we can call it "Reverse Coin Split".  Here's how it will work:

Designate a block that when reached will half Circulating Supply while AT THE SAME TIME signal all participating exchanges, wallets to DOUBLE THE PRICE when that block is hit on the chain.  To a certain extent Kraken did something similar with my account with ETH/ETC I've had double coins ever since that fork.

...The main objective is to overcome the "Psychological Barrier" related to circulating supply ...Things are moving too fast now and powerful new players are entering the space.  It's just a matter of time till a new "Coin" a new "DAO" if you would, with the objective of being a transactional or micropayment Currency hits the space.

We have a slice of time in which we could become Relevant and if we miss the now in becoming "Great" it would be very difficult to do it in the face of a new coin created on the basis of the "Wisdom of the Crowd" and all the collective wisdom from all the errors made from existing Coins. 

Cheers!  Go, go $XVG"

Hope that all ideas and suggestions can be looked at by the xvg dev team. One day we are heading to prosper with price surging up. I am keeping the faith.

[GRR]

Simple havling won't automatically double the price. You better read this: https://en.wikipedia.org/wiki/The_milkmaid_and_her_pail

As the dev said, the price is generated by the market, not by an individual manipulating the coin. If you claim to be a financially well versed guy, such statements pretty much indicate the opposite. Other coins tried it as well, which generated some initial hype, but nothing lasting. I don't see the point really. It is not a psychological barrier, it is just some concept people like you make up. It changes nothing of the inherent value of the coin, because it does not matter if you pay 500 coins worth 1$ or 250 coins worth 1$ dollar, they are just different numbers with relative value that the market decides. Huge supply also worked well for coins like DOGE and XRP, where you paid hundreds/thousands of coins for small transactions until their recent rises in market cap. You also don't know how high the markets value of the coin will rise. In a year we may see 500 billion market cap. If you go to 13,5b market cap, which is not unrealistic for some project these days, you still have 1$. Also it should be mentioned, that 1$ is quite a lot for some people/in some countries. So something that is not worth a whole house (like BTC, yes relative numbers again) may also reach out to other people with lower monetary supply, when they can pay 1 VERGE that maybe equals 0.05$

To even think about stuff like halving at these early stages is just a waste of time and especially work, which could be spent developing other things.

[regnar75]

Simple havling won't automatically double the price. You better read this: https://en.wikipedia.org/wiki/The_milkmaid_and_her_pail

As the dev said, the price is generated by the market, not by an individual manipulating the coin. If you claim to be a financially well versed guy, such statements pretty much indicate the opposite. Other coins tried it as well, which generated some initial hype, but nothing lasting. I don't see the point really. It is not a psychological barrier, it is just some concept people like you make up. It changes nothing of the inherent value of the coin, because it does not matter if you pay 500 coins worth 1$ or 250 coins worth 1$ dollar, they are just different numbers with relative value that the market decides. Huge supply also worked well for coins like DOGE and XRP, where you paid hundreds/thousands of coins for small transactions until their recent rises in market cap. You also don't know how high the markets value of the coin will rise. In a year we may see 500 billion market cap. If you go to 13,5b market cap, which is not unrealistic for some project these days, you still have 1$. Also it should be mentioned, that 1$ is quite a lot for some people/in some countries. So something that is not worth a whole house (like BTC, yes relative numbers again) may also reach out to other people with lower monetary supply, when they can pay 1 VERGE that maybe equals 0.05$

To even think about stuff like halving at these early stages is just a waste of time and especially work, which could be spent developing other things.

Well said. Price is determined by supply and demand, and changing one does not mean that the other won't change too. For example reverse coin split would shift supply curve to the left and theoretically shift price equilibrium up along that demand curve, but this does not account for any consequences perceived by markets of this split. Which would effectively be the repossession and burning of people's coins, which is taboo in the world of crypto. For all we know demand will decrease because people fear coins with developing teams who are for this method of manipulations, and though the supply decreases, demand drops as well, effectively doubling losses, and making recovery especially unlikely, seeing as there is plenty of competition and a fork could be implemented.

Secondly verge is not targeted towards pricing itself to a cryptocurrency market cap of 115 billion. In fact verge is in better position to handle transactions and scaling to levels of actual countries m2s, even if it may be older levels. It's a novel approach guys and it's good to think about things like this, but I think a reverse split and reduction of coins is targeting short term prices and cap, and not looking far enough in the future at prices and usability.

Keep up the good work dev. I'm predicting 500 sats post smart contracts, and bigger markets from there.

[Mr. Sovereign]

yeah that's just not going to happen though. the price is created by the market, not me, and there is no "price automatically doubles" in crypto. but yeah, i get what you guys are saying. more rare = more enticing for noobs that dont understand crypto. that just isn't what we're trying to achieve, but thanks for the input gentlemen =]

Good.  Things like new mining algorithms or moving to POS are debatable, but messing around with the cap seems to be more of a central bank move.  And isn't that kind of manipulation one of the things we are trying to get away from?

[GRR]

yeah that's just not going to happen though. the price is created by the market, not me, and there is no "price automatically doubles" in crypto. but yeah, i get what you guys are saying. more rare = more enticing for noobs that dont understand crypto. that just isn't what we're trying to achieve, but thanks for the input gentlemen =]

Good.  Things like new mining algorithms or moving to POS are debatable, but messing around with the cap seems to be more of a central bank move.  And isn't that kind of manipulation one of the things we are trying to get away from?

Yes, it is exactly that kind of manipulation, even if it is something that sounds reasonable and is of innocent nature in the first place. But however, by opening the doors for centralized manipulation, you eliminate ALL TRUST, which is most likely the worst case scenario that can happen in cryptoworld. The markets usually react in a harsh way to dodgy things like that. Sometimes they don't, but chances are they will.