Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer

[kahir]

The only real issue that we need to address now is...

Why are the devs so quiet...

And I make a statement for record.
Only an idiot would abandon the following that vertcoin has in regards to its anti-asic stance. This support for this coin is amazing still. And will only grow with the new algo

Honestly, I'm suprised more people aren't looking to join the dev team, to take some of the credit for what is still a massively supported coin (as people say 28k new coins every day, but price is stable for months now)

so, you simply want news to sell

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[OrientA]

VTC can change the N factor to 13, that would avoid the Bitmain L1 ASIC.

[Lucky - Luciano]

When will be transition to an new algorithm?

[cubevtc]

When will be transition to an new algorithm?

Target schedule is Nov 2014. Stay tuned.

[cubevtc]

got to say: dividing tradevolume by new coins a day gives vtc 2 today. Bitcoin is 18, LTC is 58. VTC is on the low end of the coins when looking at volume/inflation. It looks pretty grim for VTC with that inflation. Vertcoin will need 50 times the volume of Uno for example to perform in the same way if you look at it on larger timescale. Yes, 50! (1 btc demand in uno is 50 btc worth demand in vtc) I'm pretty sure it'll be dead until next halving according to my calculations. You can't really expect any profit from it as an investor. Hope you review the inflation-thing again. 28800 new coins each and every day for the next 3.5 years is madness. Buying or holding the coin makes no sense. Just sayin'. Good luck.  


edit: i'd suggest rewarddecrease of 1% every few weeks. That'll make it worth something. Take the bitter pill and hardfork it to a reasonable rewarddecrease to no kill it.

Inflation is intentionally high to help the coin achieve a widespread distribution. It's supposed to be a currency, not an investment vehicle. Ultimately, if the coin finds a use and widespread adoption, that will negate inflation, and if it doesn't, then it's failed as a currency. Also, doge > unobtanium, inflation be damned.

Most people do feel that changing the con's emission is as good as breaking its social contract.  It is a no no.

[V500]

Inflation is intentionally high to help the coin achieve a widespread distribution. It's supposed to be a currency, not an investment vehicle. Ultimately, if the coin finds a use and widespread adoption, that will negate inflation, and if it doesn't, then it's failed as a currency. Also, doge > unobtanium, inflation be damned.

Most people do feel that changing the con's emission is as good as breaking its social contract.  It is a no no.

sticking to the initial plan is a big pro for a coin, true. It'll benefit in the long run.

I personally think, though that the argument of 'high inflation is good for adoption' is inherently flawed though. I think the opposite is true 'only a coin that can hold value will be adopted' is what i believe.
What you are doing is making it intentionally worthless in the hopes it will be adopted because of that. Doesn't make sense.

It can't be adopted as a currency because it can't hold value. What we smart investors do is: we hold off on investing until the inflation has faded out.

One can just hope and pray the coin didn't die until its big moment comes years down the road.

Currently vtc is a coin for miners only. Not so much for investors.

Stick to initial plan makes it at least coherent. Hope you got a strong core-team that pushes it through to success down the road.

[TheCoinFinder]

so, you simply want news to sell

What are you talking about?

I want to know why a great coin like this, with a serious following - has little to no dev involvement over the past few months - like.. at all. Its making me annoyed now. No updates, no information, not even a "hi guys things are going great".

[volyova]

Maybe they are working hard, and do not have any time to chat.

[TheCoinFinder]

Maybe they are working hard, and do not have any time to chat.

For 3-4 months? Without a break?

[volyova]

When you are a dev, you have to be really careful when you chat, because people want answers. But if the situation isn't clear, even to yourself, yet, then you cannot give people what they want, and it is better to say nothing. They will be in touch, of course, over the next couple of months, they will have to be, and asking for a "progress report" only increases their workload.

[BBristow79]

Check out vertcoin.org blog. It's not been that long.

[MaxDZ8]

When you are a dev, you have to be really careful when you chat, because people want answers. But if the situation isn't clear, even to yourself, yet, then you cannot give people what they want, and it is better to say nothing. They will be in touch, of course, over the next couple of months, they will have to be, and asking for a "progress report" only increases their workload.

^ this

Seriously guys what's wrong with you? Do you think that evolving this thing is like sticking minecraft blocks together? Well, building a pocket calculator in minecraft took... did you see that video?
Now imagine that 10x more complex. That's still not even the tip of the iceberg.

The devs announced a fork and they are sticking to the schedule. Fine for me.

[voephilis]

When you are a dev, you have to be really careful when you chat, because people want answers. But if the situation isn't clear, even to yourself, yet, then you cannot give people what they want, and it is better to say nothing. They will be in touch, of course, over the next couple of months, they will have to be, and asking for a "progress report" only increases their workload.

^ this

Seriously guys what's wrong with you? Do you think that evolving this thing is like sticking minecraft blocks together? Well, building a pocket calculator in minecraft took... did you see that video?
Now imagine that 10x more complex. That's still not even the tip of the iceberg.

The devs announced a fork and they are sticking to the schedule. Fine for me.

devs working hard enough! they have a social life too. So be patient and don´t treat them like your slaves. VertCoin has always had a loyal community and a bright future. Every coin needs to handle with delays (well, there aren`t even delays) and quiet devs.

When devs come to the chat they can`t work for a long time. So let us see how they deliver (and they will). After fork everyone says:
"I always said it! Devs don`t need to talk a lot"

[djnocide]

When you are a dev, you have to be really careful when you chat, because people want answers. But if the situation isn't clear, even to yourself, yet, then you cannot give people what they want, and it is better to say nothing. They will be in touch, of course, over the next couple of months, they will have to be, and asking for a "progress report" only increases their workload.

^ this

Seriously guys what's wrong with you? Do you think that evolving this thing is like sticking minecraft blocks together? Well, building a pocket calculator in minecraft took... did you see that video?
Now imagine that 10x more complex. That's still not even the tip of the iceberg.

The devs announced a fork and they are sticking to the schedule. Fine for me.

devs working hard enough! they have a social life too. So be patient and don´t treat them like your slaves. VertCoin has always had a loyal community and a bright future. Every coin needs to handle with delays (well, there aren`t even delays) and quiet devs.

When devs come to the chat they can`t work for a long time. So let us see how they deliver (and they will). After fork everyone says:
"I always said it! Devs don`t need to talk a lot"

Right now they've always delivered, i don't know why they wouldn't this time.

The only thing this community need in the future is someone directly connected with the devs that can answer some questions from the community.

[styxical]

The only thing this community need in the future is someone directly connected with the devs that can answer some questions from the community.

Yes please.

[djnocide]

The only thing this community need in the future is someone directly connected with the devs that can answer some questions from the community.

Yes please.

The community will have to choose someone and the devs will have to agree to communicate with this person.

[jwinterm]

The only thing this community need in the future is someone directly connected with the devs that can answer some questions from the community.

Yes please.

The community will have to choose someone and the devs will have to agree to communicate with this person.

Not to be alarmist, but I've asked othe (who is listed as a contributor on the vertcoin.org website) a few times on freenode #vertcoin recently if he's been in contact with anyone working on the new algo, and he said he's attempted to contact bushido several times over the past couple weeks, but gotten no response. So, not sure how we're gonna get someone to act as intermediary between devs and general public if devs aren't even communicating with devs.

[Cryptobro]

Seems more and more likely the devs have gone AWOL.

such a shame.

[elgimpo]

I dont know how much longer I can hold these things.

[turtoro]

I dont know how much longer I can hold these things.

Sell. Its over. Cryptoland has moved on. after the Vertpay fiasco, vtc has spiraled down and it wont recover. Algo change wont do anything.