[ANN] [VBK] [PoP/PoW] VeriBlock: Securing the World's Blockchains Using Bitcoin!

[tbearhere]

You can mine it with t-rex (nvidia) or Wildrig (AMD)

wallet can be generated by node or zelcore has it supported (more easy)

t-rex.exe --algo progpow-veriblock -o stratum+tcp://vbk-reb0rn.ddns.net:8502 --user vbk_address

mining calculator: https://minerstat.com/coin/VBK

rewards are maybe 5-8% under calculator due diff retarget and orhants

GTX 1070 - 7Mhs current 1.5$
1080ti - 12mhs
2080ti - 24+

   But only with 8GB memory cards or higher. 

[sabercrypto]

if any one is mining in asia try my pool. Fee is only 0.5%

http://vbk.saberpool.ovh/

stratum address is

sg.vbk.saberpool.ovh:8052

[LaaMos Seeth]

VeriBlock Funds Initiative to Recycle Bitcoin's Energy Consumption to Secure Dogecoin, Countering Hostile 'Blood Bitcoin' Narrative

After Bitcoin's recent bull-run, renewed climate concerns have brought the debate over its energy consumption back into the public spotlight, with notable names in the finance industry coining disparaging phrases like "Blood Bitcoin," despite the significant hidden environmental impact of the traditional finance ecosystem Bitcoin plans to supplant. Recycling Bitcoin's energy consumption to secure blockchains like Dogecoin showcases the true utility Bitcoin's Proof-of-Work offers to the ecosystem.

https://www.newswire.com/news/veriblock-funds-initiative-to-recycle-bitcoins-energy-consumption-to-21399665

[LaaMos Seeth]

DOGECOIN BREAKING NEWS !! VERIBLOCK SECURING DOGECOIN!!! THIS IS BIG!!!
https://news.bitcoin.com/veriblock-reveals-initiative-to-recycle-bitcoins-energy-consumption-by-securing-dogecoin/
https://www.youtube.com/watch?v=xsXZekUXpH8

[doktor83]

SRBMiner-Multi now supports 'progpow_veriblock' algorithm!

Mine with your AMD gpu's!

https://bitcointalk.org/index.php?topic=5190081.0

[rektius]

Hi! I heard that holders of vbk will be receiving an airdrop for the same teams new project EM.ME. Is that true?

[gemhunter16]

Hi! I heard that holders of vbk will be receiving an airdrop for the same teams new project EM.ME. Is that true?

Hi! That is a rumor probably sparked by this interaction between the CEO and a community member.

You should look at the website for official news about the em.me. https://em.me/

Also the main platform that the community and the devs interact is on Discord. If you want more information or have more questions you should join the server. https://discord.com/invite/dzYrUSErhd

[rektius]

Thank you! So I have been looking into vbk a little bit and I have a few concerns.

On Veriblocks website I saw that in December they launched BTCSQ which for what I understand is an alt created by vbk team which uses btc technology and is the first one to have Proof-of-Proof integrated in it and other devs can use it as a reference to create btc clones who already have PoP integrated. This appears to be the first big milestone since the launch of vbk in 2019 but when I looked around I barely saw any mention about it or any marketing.

Also I saw on twitter that this month they launched a public testnet of the first coin not created by the team to integrate PoP - Placeholders PHL, it appears to be a small coin but its a good first step but again there was barely any mention about it anywhere.

And one more thing. So vbk had its IEO on Bittrex, who also appear to be involved in the project, back in 2019 and yet 3 years later it is still listed only on Bittrex, has low volume and the price is near the all time low. Is something wrong? Why no new exchanges for 3 years?

[gemhunter16]

Thank you! So I have been looking into vbk a little bit and I have a few concerns.

On Veriblocks website I saw that in December they launched BTCSQ which for what I understand is an alt created by vbk team which uses btc technology and is the first one to have Proof-of-Proof integrated in it and other devs can use it as a reference to create btc clones who already have PoP integrated. This appears to be the first big milestone since the launch of vbk in 2019 but when I looked around I barely saw any mention about it or any marketing.

Also I saw on twitter that this month they launched a public testnet of the first coin not created by the team to integrate PoP - Placeholders PHL, it appears to be a small coin but its a good first step but again there was barely any mention about it anywhere.

And one more thing. So vbk had its IEO on Bittrex, who also appear to be involved in the project, back in 2019 and yet 3 years later it is still listed only on Bittrex, has low volume and the price is near the all time low. Is something wrong? Why no new exchanges for 3 years?

I agree, the release of BTCSQ was a big milestone. It is what held back the project for 3 years because of the countless unforeseen delays during development. As for the lack of marketing I can't really say much, it appears that the BizDev team are waiting for everything to be ready until they start with exchange listings, marketing etc. but the aforementioned delays held them back as well. There is something called Airlift that will supposedly address marketing and should come after em.me, but it also got delayed.

As for exchanges, they said this, so they were expecting a new listing in February but it got delayed by something which, as far as i know, was on the part of the exchange. There is also a pair on PancakeSwap which doesn't have much liquidity in it at the moment but the team said they would be providing some.

[rektius]

Thank you very much for the information! Looks like a there is a lot of delays happening with this project but it has been hitting some big milestones in term of development recently so maybe things are starting to get better, but I still don't get what happened in the last 3 years since the launch. It looks like coin was just left to die on Bittrex and to be honest its an achievement in itself not to get delisted from Bittrex for that long, looking this dead but that probably has a lot to do with Bittrex actually being involved in the project. But again I don't get it, vbk raised 10 million dollars in their IEO and yet they can't pay for any exchange listings for 3 years? Am I missing something? That seems a little bit fishy to be honest. I see that they recently paid for 2 new exchange listings but I feel like that is 2,5 years too late.

[gemhunter16]

Thank you very much for the information! Looks like a there is a lot of delays happening with this project but it has been hitting some big milestones in term of development recently so maybe things are starting to get better, but I still don't get what happened in the last 3 years since the launch. It looks like coin was just left to die on Bittrex and to be honest its an achievement in itself not to get delisted from Bittrex for that long, looking this dead but that probably has a lot to do with Bittrex actually being involved in the project. But again I don't get it, vbk raised 10 million dollars in their IEO and yet they can't pay for any exchange listings for 3 years? Am I missing something? That seems a little bit fishy to be honest. I see that they recently paid for 2 new exchange listings but I feel like that is 2,5 years too late.

Look I'll be honest, the constant delays, lack of exchanges and marketing etc. are big points of friction between the community and the devs and about it looking "fishy" some, not so happy, community members have made accusations against Bizdev that they intentionally let the price dump 99.8% against btc and 97.7% against usd since the IEO so they can use the IEO money to buy cheap coins so that when eventually adoptions comes and they own most of the supply they can essentially set the price and the team has previously stated that they have been buying so I do see where those accusations come from but I personally believe that the current state of the price is mainly due to new tech being hard to develop which resulted in a lot of delays. Now that the tech is finally here, hopefully things will start turning around soon.

I strongly encourage you to join the discord server, there is 3 years worth of information there. https://discord.com/invite/dzYrUSErhd

[rektius]

Thank you again for the information! I am already on discord but I feel like there is a higher chance of me being told a twisted version of the truth by hardcore supporters on discord. And I saw this thread is relatively old so I was hoping that if someone tried to feed me misinformation at least someone from this forum, who has has experience with the project, will step in and call out the lies.

I will continue doing my research on the project and if I have any more questions I will ask here or on discord. So far though its looking good, the technology looks like it's solid and now it's finally ready but I still can't wrap my head around why a coin that has revolutionary technology, IEO money, is being actively developed and is reaching big milestones would just be left to die on its only exchange. That doesn't sit right with me. If you go only by the chart it looks like a dying shitcoin. Maybe the two new exchanges will start fixing that but as I said before it feels like they are coming way, way too late.

[rektius]

I was reading the wiki and I noticed this https://wiki.veriblock.org/index.php/BTCSQ#What_is_BTCSQ.27s_Utility.3F, it says: "Blockchains forked from BTCSQ which do not use the VeriBlock security network must give 10% of their total emissions to BTCSQ holders." That is good and all but how can you realistically enforce it?

EDIT: I probably should have asked this in the BTCSQ thread (https://bitcointalk.org/index.php?topic=5376079.0) but this one at least has one person answering questions on it.

[gemhunter16]

I was reading the wiki and I noticed this https://wiki.veriblock.org/index.php/BTCSQ#What_is_BTCSQ.27s_Utility.3F, it says: "Blockchains forked from BTCSQ which do not use the VeriBlock security network must give 10% of their total emissions to BTCSQ holders." That is good and all but how can you realistically enforce it?

EDIT: I probably should have asked this in the BTCSQ thread (https://bitcointalk.org/index.php?topic=5376079.0) but this one at least has one person answering questions on it.

The team said this when asked that question https://imgur.com/a/oOpU043

[rektius]

I have to warn you guys, this might be turning into an exit scam. The CEO has been missing for like 110 days and the last time he was around he made empty promises about how he "paid" for exchange listings and he was never heard from again.

To be fair development is ongoing and the code exists but there a lot of red flags on the bizdev side of things.

The community is starting to turn on each other and overall it is turning into a shitshow. So be careful with this one! Or if you like watching things burn you can join the discord server and get a front row seat for the train wreck that is probably coming. https://discord.com/invite/dzYrUSErhd

[LaaMos Seeth]

Hi guys!
Sorry if someone was misleading by my previous good posts about the VBK.

On this weekend, I read all posts in the Discord for the last year...

It's just a shameful scam. During this year, they did not move anywhere.
They only speak words and no real affairs.

VBK CEO, Justin Fisher, is main fraudster and already missing for 115 days.
Throughout all these 3 years after IEO (and 7 years after development), he only did lied and gave empty promises.
Later, I will attach all the screenshots with his false words. Or maybe I will create a separated topic on the forum.
This scam should be stopped.

https://www.tickcounter.com/countup/243251/no-justin-or-bizdev-seen-in-discord

[LaaMos Seeth]

https://patents.google.com/patent/US20160283920A1/en
ABANDONED

[LaaMos Seeth]

By the way, be aware this is not open source project.
It has closed source part and it doesn't matter what % is closed 1 or 10. The devil lies in the details.

"VeriBlock develops Decentralized, Trustless, Transparent and Permissionless  Blockchain Solutions" - another bullshit from scam team.

"Transparent" projects doesn't contain closed source.

[gemhunter16]

While I get your point about it not being completely open source, I personally think that open sourcing it now will be a huge mistake because the tech is obviously very good but the project itself is in a very bad state at the moment and if anyone has access to the tech I think a lot of new projects that use it will emerge very fast and if they have enough resources to invest in marketing, the lack of marketing is VBKs biggest problem in my opinion, they will outcompete VeriBlock very fast. So I can understand why they are still keeping parts of the code closed. And by the way they promised they will open source it a long time ago but then the developmental problems hit and they postponed it but as far as I know the plan is still to open source it eventually.

As for the patent, I don't think it means much. Here is another one that is "Pending". https://patents.google.com/patent/US20200125282A1/

I can't really argue with the rest though. I think the CEO did make a lot of (intentional?) mistakes and that is clearly reflected in the price. Yes he has been missing for 115 days and that is pretty bad, very unprofessional and irresponsible. And yes there have been a lot of broken promises and disappointments in the last 3 years but I think it is pretty obvious from the github commits that this is not a scam.

On the bright side, it looks a lot like the price is at the bottom so now I'm very happy with my average!  

[rektius]

While I get your point about it not being completely open source, I personally think that open sourcing it now will be a huge mistake because the tech is obviously very good but the project itself is in a very bad state at the moment and if anyone has access to the tech I think a lot of new projects that use it will emerge very fast and if they have enough resources to invest in marketing, the lack of marketing is VBKs biggest problem in my opinion, they will outcompete VeriBlock very fast. So I can understand why they are still keeping parts of the code closed. And by the way they promised they will open source it a long time ago but then the developmental problems hit and they postponed it but as far as I know the plan is still to open source it eventually.

As for the patent, I don't think it means much. Here is another one that is "Pending". https://patents.google.com/patent/US20200125282A1/

I can't really argue with the rest though. I think the CEO did make a lot of (intentional?) mistakes and that is clearly reflected in the price. Yes he has been missing for 115 days and that is pretty bad, very unprofessional and irresponsible. And yes there have been a lot of broken promises and disappointments in the last 3 years but I think it is pretty obvious from the github commits that this is not a scam.

On the bright side, it looks a lot like the price is at the bottom so now I'm very happy with my average!  

CEO has been missing for 126 days (https://www.tickcounter.com/countup/243251/no-justin-or-bizdev-seen-in-discord) and now github commits have stopped for 10 days. This is starting to look a lot like your average dead shitcoin. I am curios, how long do you plan on continuing to dca? Till it hits 0? No offense but I think it might be time to wake up and face the music and realise that you got scammed.