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

[shirenlihei]

Read 149674 times

wait for 1000000 times 

[mv1986]

Is Vertcoin = bushido? Is he German?

[shirenlihei]

bushido is a japanese word.

[gonzzo]

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.

is not one of the reason, why btc still has a bad reputation (at least for most ordinary people), because many shady business/transactions were done with the coin?
maybe implement a anonymization service can help to use vtc better for shady business and will harm its reputation?

i talked about vtc with 2 of our customers yesterday and they have mentioned this concern and i can understand this.

What do you think about this?

btw: sorry for my english, but i think you know what i mean

[mfpowernl]

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.

is not one of the reason, why btc still has a bad reputation (at least for most ordinary people), because many shady business/transactions were done with the coin?
maybe implement a anonymization service can help to use vtc better for shady business and will harm its reputation?

i talked about vtc with 2 of our customers yesterday and they have mentioned this concern and i can understand this.

What do you think about this?

btw: sorry for my english, but i think you know what i mean

Offtopic but i think you dutch like me

[turtoro]

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.

is not one of the reason, why btc still has a bad reputation (at least for most ordinary people), because many shady business/transactions were done with the coin?
maybe implement a anonymization service can help to use vtc better for shady business and will harm its reputation?

i talked about vtc with 2 of our customers yesterday and they have mentioned this concern and i can understand this.

What do you think about this?

btw: sorry for my english, but i think you know what i mean

There are legitimate reasons for anonymity.

For example, in theory, with bitcoin an employer might have the ability to see that you sent a payment to a psychiatrist which could affect your employment or your health insurance company could see that you regularly purchase from a tobacco/alcohol company increasing your rates, or simply your neighbor could if they wanted see how much money you are spending per month if they had your wallet id. These are just basic examples, but you can see the pandora's box this opens up. With regular banking, your spouse/employer/neighbor couldn't have access to your spending info if you didnt want them to, and the real world implications of this flaw in Bitcoin  is important to fix. Privacy is crucial in regards to personal finance

Edit: search out matt green (zerocoin) speaches on youtube regarding the need for privacy/anonimity

[dotnetmin]

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.

is not one of the reason, why btc still has a bad reputation (at least for most ordinary people), because many shady business/transactions were done with the coin?
maybe implement a anonymization service can help to use vtc better for shady business and will harm its reputation?

i talked about vtc with 2 of our customers yesterday and they have mentioned this concern and i can understand this.

What do you think about this?

btw: sorry for my english, but i think you know what i mean

There are legitimate reasons for anonymity.

For example, in theory, with bitcoin an employer might have the ability to see that you sent a payment to a psychiatrist which could affect your employment or your health insurance company could see that you regularly purchase from a tobacco/alcohol company increasing your rates, or simply your neighbor could if they wanted see how much money you are spending per month if they had your wallet id. These are just basic examples, but you can see the pandora's box this opens up. Right now your spouse/employer/neighbor couldn't have access to your spending info if you didnt want them to, and the real world implications of this flaw in Bitcoin  is important to fix. Privacy is crucial in regards to personal finance

and exactly this is what ervery government not want to see. They want to know all about you. And so they fight agaist everything that primises you a bit freedom
like gold , silver and cryptocurrency. Thats why PM is hold down in price now over two or three decades.

[Alphi]

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.

is not one of the reason, why btc still has a bad reputation (at least for most ordinary people), because many shady business/transactions were done with the coin?
maybe implement a anonymization service can help to use vtc better for shady business and will harm its reputation?

i talked about vtc with 2 of our customers yesterday and they have mentioned this concern and i can understand this.

What do you think about this?

btw: sorry for my english, but i think you know what i mean

Is raising money for a banned political movement under a dictatorship "shady business"?

Is moving you assets ahead of a regime change that intends to persecute you shady business?

Is respecting constitutional rights to privacy shady business?

Now that I am a vertified expert in cryptocurrency (/sarc) I can say without a doubt that any shady business I get involved in I will use cash, same as ever. I don't know how difficult it is to do things with altcoin and not leave fingerprints and breadcrumbs all over the place, but I know I will probably never know enough that I can be sure of that.

I would like to have as few people as possible know I have online money or where it is though (bang up job I've done with that eh?) and if anonymizing helps all the better. Shady, no, just nobody's damn business.

(edit; Vertified was a typo but I kinda like it.)

I think that's beside the point.. If you listened to the Regulatory hearings in NYC recently and yes I did listen to all 4-5 hours of it, most of it was positive about Cryptocoins.
However, I did also get the impression that almost everyone agreed that Tumblers/Mixing services are the biggest problem (from a legal perspective)..

This means that in all likelihood US regulators (lead by NYC) will probably end up banning Tumblers and Mixing Services, which would effectively ban any coin that had those services embedded.

so on the one hand.. yes mixing is good for subversion of oppressive regimes.. but on the other hand it may be a barrier for broader market acceptance.

In my mind this means that even though none of the decentralized crypto currencies can be stopped outright, the ones with inbuilt mixers may end up being pushed out of the mainstream and so lose market share..


just something to consider. look what Russia and china banning the official use of Bitcoin as currency did to the Price of BTC.
yes BTC can still be traded as a commodity in those markets and yes there are still going to be black markets using them...

but the net result is that the price went DOWN.

[gonzzo]

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.

is not one of the reason, why btc still has a bad reputation (at least for most ordinary people), because many shady business/transactions were done with the coin?
maybe implement a anonymization service can help to use vtc better for shady business and will harm its reputation?

i talked about vtc with 2 of our customers yesterday and they have mentioned this concern and i can understand this.

What do you think about this?

btw: sorry for my english, but i think you know what i mean

There are legitimate reasons for anonymity.

For example, in theory, with bitcoin an employer might have the ability to see that you sent a payment to a psychiatrist which could affect your employment or your health insurance company could see that you regularly purchase from a tobacco/alcohol company increasing your rates, or simply your neighbor could if they wanted see how much money you are spending per month if they had your wallet id. These are just basic examples, but you can see the pandora's box this opens up. With regular banking, your spouse/employer/neighbor couldn't have access to your spending info if you didnt want them to, and the real world implications of this flaw in Bitcoin  is important to fix. Privacy is crucial in regards to personal finance

Edit: search out matt green (zerocoin) speaches on youtube regarding the need for privacy/anonimity

sure and i agree there are always good reasons for anonymity (i use thor from time to time)
but i think you and jballs are missing the point here, the questions is if this will harm the reputation of vtc. not if anonymity is good or bad (which is always a double-edged sword).

if potential investors with a lot of money to spend (i talk about 500'000 Dollars and more) have concerns about this plans and hold the money back, we should take this seriously.
well at least in my opinion ....

[stompix]

F**k Cryptsy, really.

Yeah , everybody is "fuck" cryptsy but everyone wants their coins listed there , and everyone is taking the price from there and selling their coins there.

[turtoro]

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.

is not one of the reason, why btc still has a bad reputation (at least for most ordinary people), because many shady business/transactions were done with the coin?
maybe implement a anonymization service can help to use vtc better for shady business and will harm its reputation?

i talked about vtc with 2 of our customers yesterday and they have mentioned this concern and i can understand this.

What do you think about this?

btw: sorry for my english, but i think you know what i mean

There are legitimate reasons for anonymity.

For example, in theory, with bitcoin an employer might have the ability to see that you sent a payment to a psychiatrist which could affect your employment or your health insurance company could see that you regularly purchase from a tobacco/alcohol company increasing your rates, or simply your neighbor could if they wanted see how much money you are spending per month if they had your wallet id. These are just basic examples, but you can see the pandora's box this opens up. With regular banking, your spouse/employer/neighbor couldn't have access to your spending info if you didnt want them to, and the real world implications of this flaw in Bitcoin  is important to fix. Privacy is crucial in regards to personal finance

Edit: search out matt green (zerocoin) speaches on youtube regarding the need for privacy/anonimity

sure and i agree there are allways good reasons for anonymity (i use thor from time to time)
but i think you and jballs are missing the point here, the questions is if this will harm the reputation of vtc. not if anonymity is good or bad (which is always a double-edged sword).

if potential investors with a lot of money to spend (i talk about 500'000 Dollars and more) have concerns about this plans and hold the money back, we should take this seriously.
well at least in my opinion ....

Perhaps, but then it would be their mistake. You would have to explain to them why anonymity is essential (just as financial privacy is codified into law). I would not compare zerocoin to tor, I see it more as not showing everyone your bank statements and monthly receipts. Reasonable people (investors) should be able to understand this.

As far as regulations are considered, we will have to wait and see. This is the year we will find out, and I also got a positive feeling from the NYDFS hearings

[gonzzo]

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
i'am not familiar with zc, but i understand this as anonymization service.
.....

Is raising money for a banned political movement under a dictatorship "shady business"?

.....

(edit; Vertified was a typo but I kinda like it.)

I think that's beside the point.. If you listened to the Regulatory hearings in NYC recently and yes I did listen to all 4-5 hours of it, most of it was positive about Cryptocoins.
However, I did also get the impression that almost everyone agreed that Tumblers/Mixing services are the biggest problem (from a legal perspective)..

This means that in all likelihood US regulators (lead by NYC) will probably end up banning Tumblers and Mixing Services, which would effectively ban any coin that had those services embedded.

so on the one hand.. yes mixing is good for subversion of oppressive regimes.. but on the other hand it may be a barrier for broader market acceptance.

In my mind this means that even though none of the decentralized crypto currencies can be stopped outright, the ones with inbuilt mixers may end up being pushed out of the mainstream and so lose market share..


just something to consider. look what Russia and china banning the official use of Bitcoin as currency did to the Price of BTC.
yes BTC can still be traded as a commodity in those markets and yes there are still going to be black markets using them...

but the net result is that the price went DOWN.

i think you hit the nail ....

[ivanrebroff]

https://i.imgur.com/9QNAqFm.png

Come and join us at http://vtc.coinvention.net!

Check out our Block History. We running pretty solid the last 10 blocks

* Stratum for CPUMiner and GPUMining
* 0.5% fee
* We re constantly finding blocks and have a very low TX fee from 0.001 Manual/Automatic
* Guide for Mining with CUDA, VERTMINER, CPUMINER
* Every 15 min Payout Schedule
* Servers Located in Germany with Low Latency

freenode #coinvention
http://vtc.coinvention.net!


Diff goes to 118 lets hits some blocks !!!!

[mega]

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.

It would be the PTB nightmare and the peoples dream.

IT WOULD BE GREAT!

[gonzzo]

Hey Vertcoin Team

do you really think implement zeroCoin/zerocash is a good idea?
.............

There are legitimate reasons for anonymity.

For example, in theory, with bitcoin an employer might have the ability to see that you sent a payment to a psychiatrist which could affect your employment or your health insurance ....................

sure and i agree there are allways good reasons for anonymity (i use thor from time to time)
but i think you and jballs are missing the point here, the questions is if this will harm the reputation of vtc. not if anonymity is good or bad (which is always a double-edged sword).
........

Perhaps, but then it would be their mistake. You would have to explain to them why anonymity is essential (just as financial privacy is codified into law). I would not compare zerocoin to tor, I see it more as not showing everyone your bank statements and monthly receipts. Reasonable people (investors) should be able to understand this.

As far as regulations are considered, we will have to wait and see. This is the year we will find out, and I also got a positive feeling from the NYDFS hearings

so the irs can control this transactions (a very importat point for serious financial consultants and asset managers)? 

[SirPicklesworth]

For those unfamilar with stock trading...

From Friday 7th to (at least the 11th*) the exchanges have been pretty much in what a stock trader would call an accumulation pattern.
None of the three exchanges have been exempt from it... Bter has been just as bad as Crypsty...

The Big Sells (and Buys) are from a mere few whales who have acquired enough stock to bully the price around... (usually by trading Bitcoin in to get fat)

The Big Buy/Sell markers prevent us smaller timers from having a naturally adjusted price.
They then prey on those who panic sell into their range, (and also those who sell blindly and do not care about the price at the time, but just want their BTC).


Anyone selling now is only serving to feed the whales... And as long as they get fed.... That price is staying down...
When they have had their fill... The will pull their markers and give the price a good hard shove upwards, dump and then resume the gradual drive down to get more (if they think people will still be in it)

The ONLY way the cycle ends, is when the little guys (most of us) either run out of coin and lose interest (quit), or wise up and start to hold hold hold...
Whatever happens,  At some point the whale HAS to send the price back up... or else take a big hit...

------------

You can take the estimates with a grain of salt (I am no pro, that is certain), but based on what I have seen on BTer, I think unless the price goes back to 0.00540 one whale is going to lose some cash, and unless it goes back over 0.00580 he won't be making much profit (at least not at the Margins a whale takes the risk for)

Of course those values given above depend on the BTC / USD price (which is still the benchmark for all cryptocoin)

Either way I would be very very surprised if we dont see 0.00550 again sometime in the next few days, if not a spike back up to 0.00600 over the weekend.

-------------

Annoying as the market manipulation may be, There IS a silver lining, and what I am seeing is Volume Improvement....
Anywhere there remains sustained and increasing volume, there is value... and MORE importantly product exposure...


I know of at least two very well regarded individuals on a major stock-market forum, who took an interest in Vert (wouldn't surprise me if they are the Cryptsy traders peeps are hating, to be honest)... And one thing I have seen from these guys over the past few years, is they do NOT miss often with their money...


Whatever the trading clowns do, Im holding the VTC I am mining tight, and waiting for the opportunities to spend it to arrive...

-------------

*Lastly all the above aside, I have to concede the tumble in the last 6-8 hours sits OUTSIDE my expectations for an accumulation pattern (perhaps the whale met a kraken, and got snared) ...  Be Careful !!!

[mirny]

I suggest to remove retarded craptsy from first page and from official site aswell,
writing this for second time, after first time it was removed immediately.
maybe someone can make a poll.

[roede94105]

I'm mostly sad that we are losing value because it might mean no Forbes article, which would have mean a huge increase in value and volume most likely. This is a vicious cycle created thanks to this fucking MtGox.

[maxvolts]

I suggest to remove retarded craptsy from first page and from official site aswell,
writing this for second time, after first time it was removed immediately.
maybe someone can make a poll.

+1

[Alakazam2000]

What is a Kraken?

For those unfamilar with stock trading...

From Friday 7th to (at least the 11th*) the exchanges have been pretty much in what a stock trader would call an accumulation pattern.
None of the three exchanges have been exempt from it... Bter has been just as bad as Crypsty...

The Big Sells (and Buys) are from a mere few whales who have acquired enough stock to bully the price around... (usually by trading Bitcoin in to get fat)

The Big Buy/Sell markers prevent us smaller timers from having a naturally adjusted price.
They then prey on those who panic sell into their range, (and also those who sell blindly and do not care about the price at the time, but just want their BTC).


Anyone selling now is only serving to feed the whales... And as long as they get fed.... That price is staying down...
When they have had their fill... The will pull their markers and give the price a good hard shove upwards, dump and then resume the gradual drive down to get more (if they think people will still be in it)

The ONLY way the cycle ends, is when the little guys (most of us) either run out of coin and lose interest (quit), or wise up and start to hold hold hold...
Whatever happens,  At some point the whale HAS to send the price back up... or else take a big hit...

------------

You can take the estimates with a grain of salt (I am no pro, that is certain), but based on what I have seen on BTer, I think unless the price goes back to 0.00540 one whale is going to lose some cash, and unless it goes back over 0.00580 he won't be making much profit (at least not at the Margins a whale takes the risk for)

Of course those values given above depend on the BTC / USD price (which is still the benchmark for all cryptocoin)

Either way I would be very very surprised if we dont see 0.00550 again sometime in the next few days, if not a spike back up to 0.00600 over the weekend.

-------------

Annoying as the market manipulation may be, There IS a silver lining, and what I am seeing is Volume Improvement....
Anywhere there remains sustained and increasing volume, there is value... and MORE importantly product exposure...


I know of at least two very well regarded individuals on a major stock-market forum, who took an interest in Vert (wouldn't surprise me if they are the Cryptsy traders peeps are hating, to be honest)... And one thing I have seen from these guys over the past few years, is they do NOT miss often with their money...


Whatever the trading clowns do, Im holding the VTC I am mining tight, and waiting for the opportunities to spend it to arrive...

-------------

*Lastly all the above aside, I have to concede the tumble in the last 6-8 hours sits OUTSIDE my expectations for an accumulation pattern (perhaps the whale met a kraken, and got snared) ...  Be Careful !!!