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

[regnar75]

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

This gets brought up a lot but I think we need to realize that the crypto market is still VERY young and small ($100B) and while million cap coins make sense for what the market is handling right now (most coins <$1B cap) in order to scale with a growing market cap and still have ability for microtransactions, billion cap coins will be the new norm (especially if you look at how quickly crypto can and most likely will grow in the coming year). lets get smart contracts into Verge and we can build apps and other coins using XVG which will end up growing Verge even larger and faster than just people buying and using it as simply a currency.

IMO, divisibility always needs to be considered. It is divisibility that makes a currency not need to have a huge supply.

Oh definitely. I wouldn't be in crypto if I didn't believe that, and I will concede the billion cap coins are difficult to wrap our heads around when if we were to take a single increment (satoshi) and set it to a dollar (for comparison  sake of course, as the values float against each other and a dollar by no means should be a peg) we would effectively have a bitcoin market cap of about 2.1 quadrillion, which seems insane, but in reality the global derivatives markets have been valued as high as $1.2 quadrillion, in addition to the M2 supplies, public and private debt, we're looking at numbers I cannot even put my finger on, and this is still with entire economies in their youths, entire markets yet to emerge, and we're still on earth lol.

Yea this is definitely an interesting topic, and always makes me think of the experiment where they see how much the death star would have actually cost to run...
https://www.google.com/amp/amp.timeinc.net/fortune/2016/12/03/death-star-operating-costs/%3Fsource%3Ddam
...I'm going to stand by the billion cap coin (though this is my ONLY investment into a cap this high) we will eventually see an easy to use comparison using whole denominations of verge while still allowing micro transactions to take place. Should be a fun ride.

[FYIcryptoz]

Sup guys, I saw the roadmap on the site only goes to july (this month), is there any intention of releasing a roadmap that goes way further?
This would mean that we have no prespective of what the plans/ what will happen in the next and coming months/years?
Cheers

[idezine]

Sup guys, I saw the roadmap on the site only goes to july (this month), is there any intention of releasing a roadmap that goes way further?
This would mean that we have no prespective of what the plans/ what will happen in the next and coming months/years?
Cheers

I'm interested in this answer too. XVG seems promising but we need to know more about any future plans.

[regnar75]

https://steemit.com/cryptocurrency/@tobeingawhale/verge-price-prediction


Very bullish prediction for Verge, well see, I estimated 500 sats in the next month or two. We definitely need to see a longer road map in order to make predictions further out than that I'd think. Keep up the good work dev

[stornshadow]

Sup guys, I saw the roadmap on the site only goes to july (this month), is there any intention of releasing a roadmap that goes way further?
This would mean that we have no prespective of what the plans/ what will happen in the next and coming months/years?
Cheers

I'm interested in this answer too. XVG seems promising but we need to know more about any future plans.

The August roadmap should be updated in the next week. The main dev is active on Telegram.

https://t.me/VERGExvg

[Lalaland122]

I like this project very much. I think it has a very, very huge potential for growing! Keep it up

[Wolfie]

Im stoked on it!

I dont know whats more efficient, mining XVG directly or using NiceHash to get highest momentary dollar value and buying XVG on bittrex w\NiceHash profits . . anyone good at math wanna chime in

thxx!

[01Fedda]

I know this has been said before, but XVG price would be a lot higher right now if the number of coins were cut short Lol.   

[freedomstreaming]

Any plans to implement privacy protocol? zk proofs?

[Wolfie]

Why is everyone complaining about the supply?

Honestly, most people cant think in thousandths of a bitcoin . .  like wtf does Starbucks Frappuccino price = .00002397564 BTC mean to a goddam Barbie Doll anyway? *NOTHING*

Starbucks Frappucino price = 5 Verge Coins sounds a lot better

[indo1]

XVG is better than other crypto in privasi, that is one of why this project get big community 

[regnar75]

Why is everyone complaining about the supply?

Honestly, most people cant think in thousandths of a bitcoin . .  like wtf does Starbucks Frappuccino price = .00002397564 BTC mean to a goddam Barbie Doll anyway? *NOTHING*

Starbucks Frappucino price = 5 Verge Coins sounds a lot better

I tend to agree with you on this one, though pretty sure there is no such thing as a bitcoin (to the network) , just satoshis. it'd be like 239,000 sats or 150 sats, a million satoshi blah blah. but anyway maybe when bitcoin becomes too expensive that new alt coins can't be listed in it because 1 sat is too high of a starting price we can use verge i mean even verge was 5 sats like 4 months ago.

[VDechand]

Why takes the wallet to long to starting? I copy the new blockchain and the wallet don´t start...

[Dogedarkdev]

Why takes the wallet to long to starting? I copy the new blockchain and the wallet don´t start...

let it load the block index. the speed will be improved in the next core release.

[VDechand]

Why takes the wallet to long to starting? I copy the new blockchain and the wallet don´t start...

let it load the block index. the speed will be improved in the next core release.

okay how long i have to waiting to load the block index? Yesterday, the wallet was really fast (and not synch)

[Dogedarkdev]

Why takes the wallet to long to starting? I copy the new blockchain and the wallet don´t start...

let it load the block index. the speed will be improved in the next core release.

okay how long i have to waiting?

depends on the computer. usually just a few minutes. our electrum wallets are much faster ;]

[VDechand]

Why takes the wallet to long to starting? I copy the new blockchain and the wallet don´t start...

let it load the block index. the speed will be improved in the next core release.

okay how long i have to waiting?

depends on the computer. usually just a few minutes. our electrum wallets are much faster ;]

i tested electrum. The problem, after 6 hours mining on the german pool i don´t get my coins... i go back to the old verge wallet, he is good

[Dogedarkdev]

Why takes the wallet to long to starting? I copy the new blockchain and the wallet don´t start...

let it load the block index. the speed will be improved in the next core release.

okay how long i have to waiting?

depends on the computer. usually just a few minutes. our electrum wallets are much faster ;]

i tested electrum. The problem, after 6 hours mining on the german pool i don´t get my coins... i go back to the old verge wallet, he is good

that doesnt sound good. make sure the electrum wallet is on port 50002 (if its the one that doesnt use tor)

that sounds like an issue on the pool end if your electrum wallet is connected.

[VDechand]

Why takes the wallet to long to starting? I copy the new blockchain and the wallet don´t start...

let it load the block index. the speed will be improved in the next core release.

okay how long i have to waiting?

depends on the computer. usually just a few minutes. our electrum wallets are much faster ;]

i tested electrum. The problem, after 6 hours mining on the german pool i don´t get my coins... i go back to the old verge wallet, he is good

that doesnt sound good. make sure the electrum wallet is on port 50002 (if its the one that doesnt use tor)

that sounds like an issue on the pool end if your electrum wallet is connected.

The wallet is on port 50002 :/ the old wallet is starting and synch, big thanks for the fast helping ^^

[dagget23]

Instead of cutting the supply there might be maybe a way to cut it artificially temporaryly.
Maybe there could be a way to make ones coins unspendable for a specific time (maybe a year). And somewhere should be listed how many coins are unspendable and how long. This would build more trust into the coin and fear of whales smashing the price could be reduced.
But I have no idea why someone would make his coins unspendable, other than preventing himself from selling too early in a panic. Maybe there might be some way to stabilise the system with those coins or something.

I know this might be a stupid and pointless suggestion but its not as stupid as suggesting to cut the supply. That would smash trust in a second.