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

[silvestar]

In the near future the price seems to rise at an amazing rate. At least i have this feeling in me and i can not do it without thinking. I buy 700K and i wait. I will not sell it before 2020.

[Stravth]

Hi all

I have sent some XVG from my core wallet to the Bittrex exchange, Im waiting over an hour and its not even pending.

Wonder why?

XVG is so slow? Or what?

[chilly2k]

Hi all

I have sent some XVG from my core wallet to the Bittrex exchange, Im waiting over an hour and its not even pending.

Wonder why?

XVG is so slow? Or what?

   How many confirms do you have.  Hover over the transaction in your core wallet.  If it's zero, is your wallet synced up?  If you see confirms the problem is on the Bittrex side.   

[grchina]

Any idea when xvg will be listed on binance and hitbtc?

[MasterOfDesaster]

Hi all

I have sent some XVG from my core wallet to the Bittrex exchange, Im waiting over an hour and its not even pending.

Wonder why?

XVG is so slow? Or what?

I transferred before a moment from online wallet to XVG wallet, it appeared within <10 seconds and confirmations (6) within 2 minutes... after a few minutes it was >80 confirmations. 

[jwinterm]

...



It looks like Bitcoin has worked with i2p since 2012:
https://www.reddit.com/r/Bitcoin/comments/13gfda/bitcoin_on_i2p/

I mean, it's an old version, but should still work I guess:
http://echelon.i2p.xyz/btci2p.xyz/
Almost on same codebase as Verge

You see, I thought that Verge was based on v0.8 codebase because the INSTALL file in root github directory is identical between Bitcoin v0.8 branch and Verge master branch, but it was changed in v0.9 and v0.10 for Bitcoin. Also the folder structure looks like pre-v0.10 I thought.

Looking at your github with the coin emission - man, 75% of all coins that will ever exist mined in the first 10 days or so when you were generic scrypt clone called Dogecoindark. Wow I know a lot of them probably got spread around. I certainly bought a couple when they were trading on Cryptorush v2 for 1-3 sat, but still... Whatever happened to that scammer dragon guy anyway?

Anyway, so no specifics on Wraith protocol? You guys are just gonna roll it out on mainnet without any public testing or scrutiny, or there will be a paper or some test code forthcoming before it's actually implemented for use on mainnet?

I think a reddit user pointed out a long time ago i2p was only on the bitcoin testnet, not the real blockchain, making Verge still first.

The statement about coin emission is patently false, for the sake of saving face I'd suggest you're looking at DGD not DOGED (a long lost coin of the same name, DogecoinDark).

I think Wraith Protocol is basically stealth transactions, which solves that issue of identity security when transferring from an exchange or in person, which I believe was first in Vertcoin. Of course, you can buy from exchanged.i2p right now and not have this issue with Verge, for different reasons.

The link to client I shared runs on mainnet.
https://bitcointalk.org/index.php?topic=151181.0
There's nothing in the instructions about setting testnet flag.

You're correct, re: block rewards. I was thinking of normal bitcoin clone where halvings are evenly spaced in time, but here they're not. Here is the Verge/Dogecoindark repository: https://github.com/vergecurrency/VERGE
Quoted from the readme:

Blockreward:
Block 0 to 14,000 : 200,000 coins
14,000 to 28,000 : 100,000 coins
28,000 to 42,000: 50,000 coins
42,000 to 210,000: 25,000 coins
210,000 to 378,000: 12,500 coins
378,000 to 546,000: 6,250 coins
546,000 to 714,000: 3,125 coins
714,000 to 2,124,000: 1,560 coins
2,124,000 to 4,248,000: 730 coins

28000 blocks (the first two parts of the schedule) at 30 seconds a block is about 10 days (there are 2880 30 second periods per day), comes out to about 4B coins in ten days, or 25% of total supply to ever exist. The total coins that will ever exist are 16.5 B. After first four halvings, 9.1B coins emitted in about 70 days, so almost 60% of all coins to ever exist in first 10 weeks. Not exactly a great distribution imo, but certainly not as bad as 75% in first 10 days.

If it's just stealth addresses (which have been around for at least four years), then why do they need to come up with some cool/scary sounding name like Wraith protocol?

[Stravth]

Hi all

I have sent some XVG from my core wallet to the Bittrex exchange, Im waiting over an hour and its not even pending.

Wonder why?

XVG is so slow? Or what?

   How many confirms do you have.  Hover over the transaction in your core wallet.  If it's zero, is your wallet synced up?  If you see confirms the problem is on the Bittrex side.   

Hi,

I dont have any confirms on bittrex, its not even shown in pending....

My wallet was out of sync when I have sent the transaction, but I was accounted correctly, what I mean is its on the right site on the dash borad with red color telling that it was sent.

[TheDeepestCoin]

Regarding the privacy of Verge, I read somewhere, this is open ledger. Is this true? Can someone explain this?

Thanks

                                                                               
Anyone?
                                                         

It's a Bitcoin clone, using a very old version of the Bitcoin codebase. It has no privacy features. The so called privacy is shipping a version that uses tor by default (or has a switch to turn it on?). Guess what? It's simple to run Bitcoin over tor, and you'd have far more privacy because people actually use Bitcoin.

Hi, my name is Michael Stollaire, a member of the Verge (XVG) Core Team. The very old version of the Bitcoin codebase statement is absolutely not true. About privacy, we are releasing a new feature this month called Wraith Protocol, which puts Verge on the same level as Monero and the other privacy coins, making this statement incorrect as well.

Hi Michael Stollaire. It kind of looks like Bitcoin v0.9 codebase, which was released more than three years ago. Is this incorrect?

Do you have any info about this wraith protocol? Doesn't seem to be in the op. Is this something you guys are rolling your own, or borrowing from somewhere else?

hi jwinterm, long time no see.

this is something we are rolling out.

also, its based somewhat on btc .10. but bitcoin obviously does not support i2p, and does not support multi algorithm mining (as you already know)

we dont plan on integrating segwit, if we need to scale up, we will do so on-chain.

-sunerok

It looks like Bitcoin has worked with i2p since 2012:
https://www.reddit.com/r/Bitcoin/comments/13gfda/bitcoin_on_i2p/

I mean, it's an old version, but should still work I guess:
http://echelon.i2p.xyz/btci2p.xyz/
Almost on same codebase as Verge

You see, I thought that Verge was based on v0.8 codebase because the INSTALL file in root github directory is identical between Bitcoin v0.8 branch and Verge master branch, but it was changed in v0.9 and v0.10 for Bitcoin. Also the folder structure looks like pre-v0.10 I thought.

Looking at your github with the coin emission - man, 75% of all coins that will ever exist mined in the first 10 days or so when you were generic scrypt clone called Dogecoindark. Wow I know a lot of them probably got spread around. I certainly bought a couple when they were trading on Cryptorush v2 for 1-3 sat, but still... Whatever happened to that scammer dragon guy anyway?

Anyway, so no specifics on Wraith protocol? You guys are just gonna roll it out on mainnet without any public testing or scrutiny, or there will be a paper or some test code forthcoming before it's actually implemented for use on mainnet?

Good to know.

[MasterOfDesaster]

...



It looks like Bitcoin has worked with i2p since 2012:
https://www.reddit.com/r/Bitcoin/comments/13gfda/bitcoin_on_i2p/

I mean, it's an old version, but should still work I guess:
http://echelon.i2p.xyz/btci2p.xyz/
Almost on same codebase as Verge

You see, I thought that Verge was based on v0.8 codebase because the INSTALL file in root github directory is identical between Bitcoin v0.8 branch and Verge master branch, but it was changed in v0.9 and v0.10 for Bitcoin. Also the folder structure looks like pre-v0.10 I thought.

Looking at your github with the coin emission - man, 75% of all coins that will ever exist mined in the first 10 days or so when you were generic scrypt clone called Dogecoindark. Wow I know a lot of them probably got spread around. I certainly bought a couple when they were trading on Cryptorush v2 for 1-3 sat, but still... Whatever happened to that scammer dragon guy anyway?

Anyway, so no specifics on Wraith protocol? You guys are just gonna roll it out on mainnet without any public testing or scrutiny, or there will be a paper or some test code forthcoming before it's actually implemented for use on mainnet?

I think a reddit user pointed out a long time ago i2p was only on the bitcoin testnet, not the real blockchain, making Verge still first.

The statement about coin emission is patently false, for the sake of saving face I'd suggest you're looking at DGD not DOGED (a long lost coin of the same name, DogecoinDark).

I think Wraith Protocol is basically stealth transactions, which solves that issue of identity security when transferring from an exchange or in person, which I believe was first in Vertcoin. Of course, you can buy from exchanged.i2p right now and not have this issue with Verge, for different reasons.

The link to client I shared runs on mainnet.
https://bitcointalk.org/index.php?topic=151181.0
There's nothing in the instructions about setting testnet flag.

You're correct, re: block rewards. I was thinking of normal bitcoin clone where halvings are evenly spaced in time, but here they're not. Here is the Verge/Dogecoindark repository: https://github.com/vergecurrency/VERGE
Quoted from the readme:

Blockreward:
Block 0 to 14,000 : 200,000 coins
14,000 to 28,000 : 100,000 coins
28,000 to 42,000: 50,000 coins
42,000 to 210,000: 25,000 coins
210,000 to 378,000: 12,500 coins
378,000 to 546,000: 6,250 coins
546,000 to 714,000: 3,125 coins
714,000 to 2,124,000: 1,560 coins
2,124,000 to 4,248,000: 730 coins

28000 blocks (the first two parts of the schedule) at 30 seconds a block is about 10 days (there are 2880 30 second periods per day), comes out to about 4B coins in ten days, or 25% of total supply to ever exist. The total coins that will ever exist are 16.5 B. After first four halvings, 9.1B coins emitted in about 70 days, so almost 60% of all coins to ever exist in first 10 weeks. Not exactly a great distribution imo, but certainly not as bad as 75% in first 10 days.

If it's just stealth addresses (which have been around for at least four years), then why do they need to come up with some cool/scary sounding name like Wraith protocol?

Distribution...
Mostly all coins are distributed like this... coins with ICOs are worse! ... on the other hand, somehow development must be done. If there is a problem for you, do not invest into any coin. Watch the stealthcoin (XST), Top100 wallets own 81.64 %. Verge has multi-algo which supports a wide spread. Last ICO i wanted to be part of was the viberate-Token on 5th of september. It took less than five minutes to sell 120 million (60% of max supply) token. Number of contributors was 657, together they paid almost 11 million $. So here we have 60% issued within 5 minutes to 657 owners. Does this mean viberate is an bad idea? I keep this decision up to you, but i am sad that i did not get any, since the idea of that coin is nice as well.

Verge is targeting on a most forgotton thing of todays behavior of people: Privacy! We all need to get back our privacy, which we gave in last ten years out of hands. Of course, this is somehow the target of all coins, but Verge is the most privacy one with the idea of stealth, multi-algorythm, Tor, I2P and wraith coming up. Permanent development with strict focus to get as much as possible of our privacy back, without harming the health of itself. This is what made me support exactly this coin.

Spooky...
Did you recognize that it is enough to search with google for something... lets say condoms... a few days later you will find an advertisement with the headline "You also might be interested in...condoms" while scrolling on  facebook. Teoretically you even would not need to enter you address or your credit card number... the whole network of google, facebook, amazon and microsoft (others as well!!) knows all this already. If you are using some partneship-service on the web, they would also know at which time would be good to offer you those condoms, maybe send them in advance! Imho this is spooky! And the only answer to this can be to spook back!

Wraith...
Every child needs to have a name. If everybody is calling his child for example John, do we all need to call ours in the future John? No! As a good developer (father) you have to find a descriptive and nice name. I am programmer since 2005, i started to give my projects and program-codes Nicknames, so they become more bound to human thinking. Sometimes those codenames find its way to public by just the marketing. Since every marketing agency wants to personify a product. This is why processors have codenames. What made windows XP that successful? It was the name. Windows 2002 would have beed replaced by 2003, 2003 by 2004... WinXP survived more than a decade and just got updated with SPs. Its in the name.

Wraith/Stealth...
... honestly, Wraith is simply descriptive to a thing which comes out of the box with Tor, I2P, stealth and gives you the choice to behave like a ghost and simply disappear. This is simply like paying cash and never meet again, without any trace, withou showing your face.

The implementation of wraith...
All i worry a little about regarding verge is the impelmentation of wraith as a new protocol into an running network, but it is of course possible, with enough effort. In our company, we build our own testing area to test everything before giving it to customer. Today everything is possible with a couple of virtual machines, and if the current base or protocoll was planed to be extended, than this is without doubt possible. We did not redefine the internet just because http is1994 was no longer enough. Https came up and all we have had to do, was to download new browser. Today https is some default. So lets see!

[OG_Sat0si]

up

Great post, So you think its over priced or under priced right now?    Also what do you mean Win XP just got an update?

[Wolfie]

up

Great post, So you think its over priced or under priced right now?    Also what do you mean Win XP just got an update?

He didnt mean that Windows XP just got an update "right now' lol

He meant that since the NAME of Windows XP worked so well, they didnt replace it 2 years later with Windows 2005, they just released Servie packs very few years, thats why XP went to SP3.

[OG_Sat0si]

haha I got excited thinking there was a new one just now but couldn't find no news on it.  Was about to go to SP4 XP

Anyways I just sold my verge for now, will buy back later.  Too many good ones out there

[Red_Sanford]

The demand for privacy is only going to increase in the future. My only worry is that the market is getting crowded with 1 trick pony tokens.  I am not saying that only 1 will survive buy how many will reach a real adoption level and not only speculative coin. Tor is great but it can also be added by others along with quicker transaction speeds.

What sets XVG apart from the pack ?

[MasterOfDesaster]

The demand for privacy is only going to increase in the future. My only worry is that the market is getting crowded with 1 trick pony tokens.  I am not saying that only 1 will survive buy how many will reach a real adoption level and not only speculative coin. Tor is great but it can also be added by others along with quicker transaction speeds.

What sets XVG apart from the pack ?

I just have send today from online wallet to windows wallet some coins. It was received <10 seconds.. completely confimed as well after 1 minute or two.



Symbol         Circulating Supply
XMR - Monero             18,000,000 ... but teoretically infinite... Its like the USD, printing new when needed.   
DASH - Dash             18,900,000
XVG - Verge      16,555,000,000


Somewhere here at bitcointalk i read a very easy understandable post regarding marketcap and stability, can not find it... but here is what if have taken out from that post:

The stability of a coin does not come through the market cap, the stability comes through the relationship between market cap and coin-supply, naturally.

Regarding the price of XVG, its underpriced. Do not know exactly why, might be because of the fork from DOGE to DOGED and then additional rebranding (That gave it a new brighter future). The coin would be now much more ahead, if it would have been forked directly from DOGE to Verge. Compared to BTC, if XVG would have same supply like BTC, then XVG would be at 5$ right now. (You can calculate this very easy). Just the high supply of coins makes it growing slowly, but it will grow continously its way.

[Radientgurkin]

The demand for privacy is only going to increase in the future. My only worry is that the market is getting crowded with 1 trick pony tokens.  I am not saying that only 1 will survive buy how many will reach a real adoption level and not only speculative coin. Tor is great but it can also be added by others along with quicker transaction speeds.

What sets XVG apart from the pack ?

You make a valid point.  Although Verge (XVG) is a "one trick pony", the coin(s) that meet the needs in privacy & anonymity will do very well in the future. Noobs who only focus on circulating supply are missing the point. This coin has an active and brilliant development team constantly adding new code.  Check out the level of commits on github and you'll see.

GITHUB:  https://github.com/vergecurrency/vergecurrency.com/commits/master

When considering that the future will be seeing a rise in capital controls then privacy coins are a no-brainer. This is definately a buy & hold coin.

PS. ref: price today for XVG is 0.0058 USD.

[MasterOfDesaster]

I personally feel, there is a long holder of verge available
most of them are expecting it to be $1

Drilling little deeper into crypto makes clear that 1$ is far away from unrealistici expectations.

Ripple hast a current supply of >= 38 billion (38,000,000,000) which is 38% of max. supply 100 billion,  (100,000,000,000)
Anyway the price per coin is at some stable 0.2$

Verge hast a current supply of >= 13 billion (13,000,000,000),  max supply of 16,000,000,000


Where it will go...
Compared ripple to the lower coin supply of verge (38/13=~2.9) (or max. supply 100/16=~6.25), verge can reach without any doubts 2.9 x 0.2$ within same timeperiod like ripple did (3 months from 0.006$ to realistic 0.2$). If it will take longer time, the better for verge. Will result in much more stable coin. But i guess we all expect some nice pumps in near future, since the privacy-attribute from XVG should give some extra arguments for buying verge.


Actually...
Latest invitation to buy some xvg was the 197 satoshi peak. If china would not have shaked the market, xvg would have corrected back to stable 185 satoshi and preparing to pump to 210 satoshi. 210 satoshi was at that time 0.01$. Due to fallen BTC and fear about china it is back again on a great entry point of 0,006$. So lets be patient, until the market calms down. Everything is just postponed. Its going to be listed to 3 new markets, binance, HitBTC and nakamotox in near future. (Is this nakamotox official?) (i guess within 2 weeks.)

[metallicelmo]

I personally feel, there is a long holder of verge available
most of them are expecting it to be $1

But if Verge would somehow reach $1 that would mean you would have a marketcap of $16 billion  (16 billion coins max) putting it on spot nr.3 of all cryptos even beating Litecoin.  I don't see that happening but it would be really cool

[Dogedarkdev]

guys, lets try and refrain from price speculation here. this thread is for news/information/technical support/questions about verge.

thanks =]

[have lada]

I didn't know it's listed on Cryptopia

[crypto19]

Any updates on when the electrum wallet will be fully functional? Have had connection issues for weeks and when it does connect, haven't been able to send any coins.