★★★ [ANN][VLC] ValueCoin | The real valuable coin | Launched

[monocolor]

This coin has been there for long time, should be listed in cryptsy!

Have you been reading the above?

Why would cryptsy list it with all the pre-mined coins out there and the lack of explanation?

Ohh... they wouldn't.  

Aaaaan... they haven't.

I don't agree with what you said.

Cryptsy will make their money, they don't care about a coin premined or not. In fact, they listed many coins heavily premined, some just a few days after they launched. I suspect these are made by their friends, or themselves.

The key to get listed is to have more interests in the miners. Now there are many competitions to cryptsy. I see bter.com listed many coins recently, including many not listed in the cryptsy, for example CDC (1 mil premined I think). This is good strategy for them, as the 1st one always get advantages among the traders. People don't really care about premine, premine will be factored in the trading price anyway, so there's nothing to worry about it.

That's why pre-mine is bad. It devalues a coin instantly, which is going to annoy anyone that wants to mine it fairly and for it get a good price on an exchange.

Yes I agree, premine is bad for sure. But all I am saying is that it will be reflected in the price, there's no point to over-exaggerate it, let the market determine its value, traders are not stupid, they know what's the price should be assigned to each coin. There's no point to say that because one coin has premine, so it can not be listed in certain exchange. And the fact is, many premined coins are listed, and there's no problem of it.

[skl1]

GOGO VLC to cryptsy

3.5 MIL coins exist atm

[CaptChadd]

GOGO VLC to cryptsy

3.5 MIL coins exist atm

So almost a third of all coins mined is the pre-mine?

That does not mean diluted at all.

[c1010010]

GOGO VLC to cryptsy

3.5 MIL coins exist atm

So almost a third of all coins mined is the pre-mine?

That does not mean diluted at all.

Call me a rat leaving a sinking ship...
or call me smart for getting out when it was 3x more valuable.

Either way, I'm done with this pump-n-dump scam.



VLC_LTC   Sell   20-Aug-13 16:57:30   0.00001400   5497.23138579   0.0   0.00001400   Executed   
VLC_LTC   Sell   20-Aug-13 16:33:51   0.00001400   10000.00000000   0.0   0.00001400   Executed   
VLC_LTC   Sell   20-Aug-13 16:32:50   0.00001400   10000.00000000   0.0   0.00001400   Executed   
VLC_LTC   Sell   20-Aug-13 16:32:08   0.00001403   10000.00000000   0.0   0.00001403   Executed   
VLC_LTC   Sell   20-Aug-13 16:31:21   0.00001400   20000.00000000   0.0   0.00001400   Executed   
VLC_LTC   Sell   20-Aug-13 16:31:06   0.00001400   10000.00000000   0.0   0.00001400   Executed   
VLC_LTC   Sell   20-Aug-13 16:30:49   0.00001400   10000.00000000   0.0   0.00001400   Executed   
VLC_LTC   Sell   20-Aug-13 16:30:33   0.00001402   10000.00000000   0.0   0.00001402   Executed   
VLC_LTC   Sell   20-Aug-13 16:30:18   0.00001401   10000.00000000   0.0   0.00001401   Executed   
VLC_LTC   Sell   20-Aug-13 16:29:13   0.00001400   10000.00000000   0.0   0.00001400   Executed   

[daserpent1]

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

[c1010010]

Totally reasonable question.

Here is the honest answer.  VLC was billed as a new coin with a "fair launch" structure.  One that allowed mining to happen in such a way where the general community could benefit and not just the first miners to join in.  See the Original Post.

After a bit of discussion and investigation into the source it was determined that the code was written so that the first block mined was worth 1,000,000 coins.  then the "fair" kicked in.

So, 1M out of the current 3M are owned by one person and done, what I would call, semi-secretly.  Hardly what I would call fair.

So, that is why *I* am down on it.  It is profitable to mine, no doubt, but as soon as there is value in the coin and the owner of the 1M decides to dump, you, the one who spent time mining, are left holding a ton of useless coins.

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

[daserpent1]

Totally reasonable question.

Here is the honest answer.  VLC was billed as a new coin with a "fair launch" structure.  One that allowed mining to happen in such a way where the general community could benefit and not just the first miners to join in.  See the Original Post.

After a bit of discussion and investigation into the source it was determined that the code was written so that the first block mined was worth 1,000,000 coins.  then the "fair" kicked in.

So, 1M out of the current 3M are owned by one person and done, what I would call, semi-secretly.  Hardly what I would call fair.

So, that is why *I* am down on it.  It is profitable to mine, no doubt, but as soon as there is value in the coin and the owner of the 1M decides to dump, you, the one who spent time mining, are left holding a ton of useless coins.

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

I think he already mentioned that he doesnt have 1M with him,rather only 200k or so? There are people with more than that many VLC (from mining) and i think all of us are smart enough to not just dump all the coins at once and be left with nothing. So dont be so sad about this. I have 100k+ vlc too and i am okay. I am just waiting for it to go on cryptsy so that i can start trading.

[c1010010]

Totally reasonable question.

Here is the honest answer.  VLC was billed as a new coin with a "fair launch" structure.  One that allowed mining to happen in such a way where the general community could benefit and not just the first miners to join in.  See the Original Post.

After a bit of discussion and investigation into the source it was determined that the code was written so that the first block mined was worth 1,000,000 coins.  then the "fair" kicked in.

So, 1M out of the current 3M are owned by one person and done, what I would call, semi-secretly.  Hardly what I would call fair.

So, that is why *I* am down on it.  It is profitable to mine, no doubt, but as soon as there is value in the coin and the owner of the 1M decides to dump, you, the one who spent time mining, are left holding a ton of useless coins.

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

I think he already mentioned that he doesnt have 1M with him,rather only 200k or so? There are people with more than that many VLC (from mining) and i think all of us are smart enough to not just dump all the coins at once and be left with nothing. So dont be so sad about this. I have 100k+ vlc too and i am okay. I am just waiting for it to go on cryptsy so that i can start trading.

Well, in all seriousness, I do wish you well. I hope it turns out to be a successful coin.  I was 100% bought in to it at the start, and I think the cryptocoin world in an interesting place to be.

Success in one coin is good for all coins.

Peace.

[theofilos921]

Totally reasonable question.

Here is the honest answer.  VLC was billed as a new coin with a "fair launch" structure.  One that allowed mining to happen in such a way where the general community could benefit and not just the first miners to join in.  See the Original Post.

After a bit of discussion and investigation into the source it was determined that the code was written so that the first block mined was worth 1,000,000 coins.  then the "fair" kicked in.

So, 1M out of the current 3M are owned by one person and done, what I would call, semi-secretly.  Hardly what I would call fair.

So, that is why *I* am down on it.  It is profitable to mine, no doubt, but as soon as there is value in the coin and the owner of the 1M decides to dump, you, the one who spent time mining, are left holding a ton of useless coins.

Why are you guys being so negative? Look, VLC is in the top most valuable coins to mine right now.

I think he already mentioned that he doesnt have 1M with him,rather only 200k or so? There are people with more than that many VLC (from mining) and i think all of us are smart enough to not just dump all the coins at once and be left with nothing. So dont be so sad about this. I have 100k+ vlc too and i am okay. I am just waiting for it to go on cryptsy so that i can start trading.

Well, in all seriousness, I do wish you well. I hope it turns out to be a successful coin.  I was 100% bought in to it at the start, and I think the cryptocoin world in an interesting place to be.

Success in one coin is good for all coins.

Peace.

talk to phenixex maybe they can list VLC...or make i large giveaway event

[sam53]

I like to see it in cryptsy.com

[theofilos921]

Launched

Download Client :: http://valuecoin.org/wp-content/uploads/2013/07/Valuecoin.zip

OFFICIAL WEBSITE :: http://valuecoin.org

A new p2p cryptocurrency setting new standards of value.
ValueCoin has been in the works for quite some time now.

POOLS

https://vlc.epools.org (recommended)
http://vlc.01pq.com/

SETTING A NEW STANDARD

The name represents the value this currency hopes to create in the ever-changing world of cryptocurrencies and the potential it has with a dedicated development team which works 24x7. Valuecoin is fast, unique, and secure. Extensive testing using network simulation software has shown that 30 seconds is the optimal block time. 30 seconds is enough time to minimize the orphans and make sure the network works optimally.

We have recognized the need for a fast confirming valueable coin, and so, we set out to offer the sweet spot between speed and stability. Scrypt was chosen as the right encryption algorithm for Valuecoin from among other encryptions like Blue Midnight Wish, SHA3, and Skein. Our aim is to create the best coin possible, that aims to increase the value of the coin and the crypto market. We do not want this coin to be just another Pump & Dump coin.

Block reward is 16 coins per block, with a block target time of 30 seconds. A total of 133 million coins will be minted, with block reward halving every ~4 years of which 0.7% were set aside for bounties and services. We want ValueCoin to be a steadily mined currency, not one that is pumped and dumped. We believe the strongest asset a coin can have is active, talented developers.

We will be on the forum daily answering questions and resolving issues, as well as helping to grow ValueCoin by working behind the scenes to develop and deploy services that will ensure success. We will be doing a separate giveaway thread.
 
SPECIFICATIONS

- Scrypt based coin
- 30 second block time (more than enough to minimize orphans)
- Difficulty starts at 0.
- 16 coins rewarded per block, halved every 4 years. - consistent rewards encourage miners to support the network long term. Difficulty retargets every 1 hr. Loyalty is rewarded. This also reduces volatility by setting the foundation on a stable path. Due to the fair launch policy, block rewards will grow in value until they reach the 16 coins per block reward. More details below.
- Total number of coins = 133,684,032 coins
- Transaction confirmations  in 90 seconds.
- Irreversible value transfer
- Transactions are sent instantly and are confirmed in minutes
- Double spending prevented by the blockchain
- Miners process transactions and create new currency through mining
- Transactions can be received at any time
- Transparent and open source

FAIR LAUNCH

Block - Coin Structure

Block 0-400 = 0 coins
Block 401-800 = 2 coins
Block 801-1200 = 4 coins
Block 1201-1600 = 8 coins
Block 1600 and above = 16 coins

SOLO MINING

1) sample valuecoin.conf file


rpcuser=***USER***
rpcpassword=***STRONGPASSWORD***
rpcport=11109
daemon=1
server=1
gen=0
testnet=0
listen=0
maxconnections=100
addnode=106.201.72.183
addnode=64.251.188.62
addnode=67.0.191.176
addnode=79.142.78.135

ports:

11108 - connection port (for incoming connections)
11109 - RPC

2) Alternatively, mine with cgminer using a .bat file or a modified shortcut command line.

To do so, use the following command line:

cgminer.exe –scrypt -I 11 -s 1 –expiry 1 –queue 0 -g 1 -o 127.0.0.1:11109 -u **username** -p **password**


BLOCK EXPLORER

http://vlc.webboise.com/chain/Valuecoin

GIVEAWAY THREAD

https://bitcointalk.org/index.php?topic=240318.0

BOUNTIES

1st Pool = 10k VLC (sent to fxmulder)
2nd Pool = 10k VLC (sent to erundook)

1 Block Explorer = 5k VLC ( sent to diatonic )

1st Game = 5k VLC

Block reward is 16 coins per block, with a block target time of 30 seconds. A total of 133 million coins will be minted, with block reward halving every ~4 years of which 0.7% were set aside for bounties and services. We want ValueCoin to be a steadily mined currency, not one that is pumped and dumped. We believe the strongest asset a coin can have is active, talented developers.


before you start mining this coin you should read this paragraph...here is the  931k pre-mined,0.7 % of 133 milions....the dev scam only 69k...(sorry for my english)

[FinShaggy]

Any ways to earn this coin besides mining?

[daserpent1]

Just mine it man. The diff already pretty low so u can mine easily

[Olegcho]

addnode=108.20.188.19
addnode=188.126.8.14
addnode=184.22.42.166

Any ways to earn this coin besides mining?

Give me your VLC address

[elend]

the overview at www.coinchoose.com shows to me a difficulty of 0.042 with 157446 mined blocks.

But in my wallet-client I see a dfficulty of 0.00197163 with a number of  229591 already mined blocks.

So whats up here ?

Was/is there a blockchain-fork ?

Did I miss a client-update ?

Or whats going on with valuecoin actually ?

[daserpent1]

it seems coinchoose isn't update. Because your stats are correct.



{
"blocks" : 230496,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.01417554,
"errors" : "",
"generate" : true,
"genproclimit" : 6,
"hashespersec" : 558,
"networkhashps" : 963981,
"pooledtx" : 0,
"testnet" : false
}

[theofilos921]

can we all donate some vlc to take this coin on a proper exchange?

[daserpent1]

idk if donating vlc would help. But i guess if we all collected some btc, then it can go on a good exchange.

Like 0.1 btc per person or so.

[theofilos921]

is the admin looking for an exchange?

[theofilos921]

idk if donating vlc would help. But i guess if we all collected some btc, then it can go on a good exchange.

Like 0.1 btc per person or so.

who will you trust to collect the donation?if there is 100 or more vlc miners and whant to support ur try
the man whos collects will have 10 or more btc..its kinda risk scam us