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

[Jeezy911]

I just bought, man this price is WAyyy too low.

[Radar]

Going to release vertcoincasino.com / vertcoindice.com soon! If you have programming skills and want to collaborate send me a pm with your skill sets.  

[jpeggt]

Hey guys how about a weekly/bi-weekly lottery where say 35% goes to funding VTC projects? Would anyone here be interested in coding that?

[FL123]

Hey guys, I can't seem to get my wallet to sync fully. I've tried adding nodes and it still stuck always with 3 days or 4 days. If someone has found a fix, please help me, thanks. 1 VTC reward to the person who figures it out.

Try this:
1. Type %appdata% in windows bar to your left, down
2.  Get into the "roaming" folder and the into the "vertcoin" folder.
3.  Erase everything but not your wallet.dat file (important), dont erase it from recicle bin yet in case something go wrong.
4. Open vertcoin again and resync from zero.

[FL123]

This is a very early thought/concept: is it possible to setup "exchanges" connected to every Vtc pool? So, the pool will have a bunch of Vtcs sitting in reserves that everyone can see (avoiding mt gox transparency problems).

Miners can elect the percentage they wish to keep and the percentage they wish to make available on the exchange and what crypto they are willing to accept. The percentage made available would be sold by the pool and then paid to the miner in the crypto of their choice.

Over time, miners can also add bank details to accept dollars via the pool/exchange mechanism, to sell Vtc for fiat.

Just an idea. Feel free to point out obvious problems with this setup. 

That is a VERY good idea. I like it a lot. But how could we make it secure?

This is something that needs to be coded right away. In light of the Mt Gox scandal, we can de-centralize exchanges and re-establish the public's trust.

Bitcoin holders would trade their BTC for VTC in droves. (That will be good for 3 weeks until a new decentralized exchange comes out for the new kid on the block.. no fun intended)

With regards to Lloydie's suggestions, I think multipool.us already offers something approximating this arrangement - you mine, choosing what coin, then later you can convert it into BTC.

However, it's a massive leap to go from running a pool like this, to running an exchange for fiat. Any time you interact with fiat, by nature, you're playing it by their rules, and that means regulations and paperwork - most pools (especially the smaller ones of which Vertcoin has correctly encouraged a plurality so far) won't be interested in taking on, or capable of handling, the hassles associated. "Decentralizing exchange to fiat" is much easier said than done; you can't code your way out of this, because what's stopping it isn't a computer problem, it's a regulatory one.

Alc raised some great points. I think one of the key weaknesseses in bitcoin is the large regulated exchanges. For example, Bitinstant chose to be registered as a money transmission business. Therefore, AML and KYC rules applied to Charlie. However, at the other end of the spectrum, localbitcoin traders are completely unregistered. Why? Because they are too small and there are too many.

Now just use the same logical process with vertcoin pools being the mediators and the miners selling bitcoins like localbitcoins. It will be virtually impossible to regulate. There will be too many people in the world GPU mining, selling and buying vertcoins.

It will be what bitcoin was meant to be before big business took over. 

Now the first step is to enable miners to sell some of their vertcoins for other cryptos...

There will be quite a lot of coins in profits for the first person who manages to link mined vertcoins at a pool directly with a vertcoin market.  Just think the amount that could be made via fees on coin sales alone.

After that, it's a small step to allow non-miners to deposit crypto coins at each pool to buy and sell Vertcoins with other cryptos.

Vertcoins could be the backbone of the exchange mechanism in crypto world, with decentralised mining, decentralised pools and decentralised exchanges.  It would be a regulator's nightmare to regulate.

Brilliant guys!  Keep that train of thought going, you are definitely in the "zone". That's why I love Vertcoin, because it's community is a strange mixture of business men, computer geniuses and idealists. I am pretty sure by the end of the year this coin is going to evolve and include many new practical features that it will shock even early investors.

[jtpeters]

If we could get 120 VTC for the press release that would be nice. With the drop of BTC and our current price I would have to make this difference up on my own. PRweb charges 369 USD for the press release distribution and this is just about that. I will create the press release and have an editor who works for me fix it up for free.

Anyway, regardless if we can raise that or not we will fire that press release out!

Pro-tip: You can select "California" market and it will be picked up nation-wide. No need to select the entire US, because everyone in tech is plugged into the California feeds.

[dsergeevich]

price never seems to grow. all follow cryptsy and there some fuck all the time pull down price. it's awful.
maybe it was someone from the team doge

[mikeymillie]

price never seems to grow. all follow cryptsy and there some fuck all the time pull down price. it's awful.
maybe it was someone from the team doge

If you want to feel a little better, look at what's happened to MAX.  Though it's fair to say MAX deserves a beating.

[dsergeevich]

price never seems to grow. all follow cryptsy and there some fuck all the time pull down price. it's awful.
maybe it was someone from the team doge

If you want to feel a little better, look at what's happened to MAX.  Though it's fair to say MAX deserves a beating.

what else max? I do not know any max

[steve_abel]

price never seems to grow. all follow cryptsy and there some fuck all the time pull down price. it's awful.
maybe it was someone from the team doge

If you want to feel a little better, look at what's happened to MAX.  Though it's fair to say MAX deserves a beating.

what else max? I do not know any max

By MAX he means Maxcoin.

[nonny12]

Any update on the PRnewswire work jballs? 

[megatron1285]

Is that coin profitable to mine I Have mined MAX for 2 days and now it isn't as profitable as it used to be. Comparing to doge, what's better?
I have 1.2MH scrypt

[flyfiysh]

MAX is now more profitable than Doge

[nonny12]

Any update on the PRnewswire work jballs?  

It's  a pain in the ass is the short update. But whatever you put out on prweb I will send through prnewswire so cc me in on it.

I'm not associated with the PRweb work, but I just sent a donation to get the vertcoinmarket fund to 120 VTC.

[shirenlihei]

Seems another clone will show up, named syncoin. not sure

[Brightmoe_cat]

Any update on the PRnewswire work jballs?  

It's  a pain in the ass is the short update. But whatever you put out on prweb I will send through prnewswire so cc me in on it.

And somebody with a cryptsy account go buy everything under 50 and sell it into the sell wall on coinedup at 50. Free money.

Damn we need better exchanges in this place.

I don't understand that sell wall stuff could you explain it to me plz good sir

[XTR]

We need more buy support on cryptsy, whoever keeps on selling 100+ VTC for lower then all the other exchanges are buying is doing it on purpose to drop it.  It would be nice to see that buy wall from coinedup over on cryptsy then we can have some fun.

[dsergeevich]

better to trade on coinedup than cryptsy. cryptsy sucks

[XTR]

better to trade on coinedup than cryptsy. cryptsy sucks

Agreed.  Just seems like cryptsy is the one heavily controlling the price of VTC at the moment.

[dsergeevich]

better to trade on coinedup than cryptsy. cryptsy sucks

Agreed.  Just seems like cryptsy is the one heavily controlling the price of VTC at the moment.

cryptsy seems wants throw down VTC to hell. I repeatedly noticed wall for sale in 30 btc in any attempt to growth
and cryptsy have problems with deposit VTC. Still a feeling that the deposits comes one huge pile and sell all at one time