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ieatm3s
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March 06, 2014, 11:21:02 AM |
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Obviously, more people are selling than buying. Otherwise price wouldn't be falling.
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sumantso
Legendary
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Activity: 1050
Merit: 1000
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March 06, 2014, 11:48:40 AM |
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Obviously, more people are selling than buying. Otherwise price wouldn't be falling.
I had suggested long back to implement a gradual decrease in rewards rather than halving once every 4 years. This decreases the number of coins generated per day while keeping the total supply same. |
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Pelok66
Newbie
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Activity: 23
Merit: 0
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March 06, 2014, 12:02:01 PM |
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Bonn3rs
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March 06, 2014, 12:15:23 PM |
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Ah fucked again by another bullshit coin
NOT RESISTANT to greedy fuckbag mining farms and speculators pump and dumpers.
Only select few elite get to profit.......coin already lost to monopoly...
So then if this coin is so shit hot and the future then
WHO WANTS WANTS TO PAY A FAIR PRICE FOR MY 4 comps with 11 cards @ 9M
No one! I can't find a buyer even at 50% of original they are all 2 months old
What a MAJOR scam and mistake it was getting sucked into ALT's
I got in to kill the banks but now realize we are just helping them.
Alt community are TAKERS worse than bankers
Thanks fuckers for tricking me into loosing 5 years worth of savings with no hope of recovery or profit.
I farm and when your economy crashes and the trucks stop rolling don't ask me for food.....your coins are as worthless as you are to humanity
I've got 5 comps running 5 cards each. No one cares about your "investment". If you were smart, you'd spend the time you've spent crying doing research and looking for your next in market. If you had done Auroracoin from it's launch, you'd be crying for another reason right now. Stop being a little bitch and abusing other community members. +100 If you are willing to put your life savings into something you have to be pretty damn stupid to not think about where you are investing. Mining for 2 months and you're not in profit yet... maybe grow a pair and realise you invested into a long term market and you can't go on holiday this year unless you get damn lucky. |
Judge Coin Facebook Manager
Judge: JbJjiXGnQpNMKQZTrbhChBKX3SfDaS85hi || BTC: 14WATjFEu7731o6MGsHs3CRn7fMigxEdvL
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deky_
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March 06, 2014, 12:43:22 PM |
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Voted, let's go ppl, if we get on BTC38, it will be huge!!! |
VTC Donations : VmdSExjrX9wxVt3mSq2mGXd4bLtNrpyGhJ
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deky_
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March 06, 2014, 12:57:38 PM |
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Voted, let's go ppl, if we get on BTC38, it will be huge!!! Can someone post this on Twitter (if it isn't already)? We need to utilize our Twitter army. Also, Facebook page should have this as well. |
VTC Donations : VmdSExjrX9wxVt3mSq2mGXd4bLtNrpyGhJ
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bengtåke
Sr. Member
Offline
Activity: 309
Merit: 250
confused developer
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March 06, 2014, 01:04:49 PM |
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Voted, let's go ppl, if we get on BTC38, it will be huge!!! Voted Voted, needs moar! |
BTC: 1HoDKDn6Gk7mggAhbRVA1T9UAU8kFAA6sy
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silencesilence
Legendary
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Activity: 1120
Merit: 1000
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March 06, 2014, 01:15:22 PM |
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whats going on with VTC price?i mean,there are more and more miners,users,difficulty is up,more and more ppl buying then selling,coin itself is doing fine...then why is price going down? :/
It is still profitable to mine and sell. At this point it is not so ... VERTCOIN is currently very low price people continues to mining .... Why?  but now they make more money in other coins sadly .... so everyone has to pay electricity and investment |
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silencesilence
Legendary
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Activity: 1120
Merit: 1000
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March 06, 2014, 01:16:16 PM |
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Voted, let's go ppl, if we get on BTC38, it will be huge!!! Voted Voted, needs moar! Voted |
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ieatm3s
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March 06, 2014, 01:22:12 PM |
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Obviously, more people are selling than buying. Otherwise price wouldn't be falling.
I had suggested long back to implement a gradual decrease in rewards rather than halving once every 4 years. This decreases the number of coins generated per day while keeping the total supply same. Yes, that would be awesome! |
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sumantso
Legendary
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Activity: 1050
Merit: 1000
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March 06, 2014, 01:31:38 PM |
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Get some support here. (I am gonna post in big bold letters next time). |
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depboy
Member
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Activity: 94
Merit: 10
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March 06, 2014, 01:36:34 PM |
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I've just been catching up on last night's AMA, and one unanswered question towards the end of the thread really stood out for me. From fpvhawk: "How about we fund our own vertcoin P2P exchange opensource software, you download the software and place your buy/sell order. Each order has has a small fee that continues to fund the development of the exchange."
As we all know, the exchanges are the weak link for all cryptos. They are the BIG reason for recent price declines because MT Gox and other smaller exchanges have very publicly demonstrated that the exchange model is flawed. It seems to me there are two distinct groups of people that use exchanges: 1. People who are converting from FIAT>>>BTC (or if they're savvy FIAT>>>BTC>>>VTC) to buy and hold. 2. Traders who are looking to profit by successfully trading the volatility between different Crypto pairs. This group also includes miners who may send their coins to an exchange. This group has no real need to deal in FIAT on a day-to-day basis. In the short term, it's difficult to see a solution to this problem, because the conversion from FIAT>>>Crypto is a weak link. People looking to convert to Crypto from FIAT will always be vulnerable. It's also in the interest of governments to make this conversion seem as risky as possible (by sabotaging/hacking exchanges???), to keep people in FIAT. So the first group of people will be vulnerable for the foreseeable future (or for as long as FIAT continues to exist  ), but the good news is that they can mitigate these risks by not leaving money in an exchange wallet, because they have no desire to trade. The 2nd group of people are truly at the mercy of the exchanges currently, because they must leave their coins in an exchange wallet in order to have orders open on the exchange. It is clear that this is the group of people that would stand to benefit massively from the security of a p2p exchange. It seems to me that the Vertcoin community has embraced p2p for mining more than any other coin. P2pool is consistently >10% of total network. Surely the next logical step for this coin is to explore the idea of p2p exchange? BTC currently holds a huge advantage because it's the yardstick by which every other coin is measured, AND, most people still use it as a gateway to trading in/out of other Cryptos. All currency pairs are XXX/BTC, or to a lesser extent XXX/LTC. Imagine if VTC became the first coin to offer the security of a widely adopted p2p exchange, offering XXX/VTC markets for all the other Cryptos, and in the process capturing a huge chunk of business from the 2nd group of people I describe above? I know I'd be willing to throw quite a few VTC in the pot to make such a thing happen. |
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hvezdasmrti
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March 06, 2014, 01:44:50 PM |
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Many people believe in VTC, thats not a problem, its not premined, its immune to ASIC, it was the first globally known coin which made it, so the potential to be a new litecoin is big enough.
The problems are:
1) Subsidy halves every 840,000 blocks (~4 years) = huge daily inflation, 1-2 years would be enough. 84mil. coins mean that the value of 1 VTC will be in few years similar to 1 LTC in the BEST scenario. However the daily inflation will be many thousand bitcoins so its impossible to go long term over 0.01BTC of its today value in 1 year. In the best scenario again.
2) Altcoin global depression and loss of trust due to many scamcoins
3) Still has not bottomed, expecting the real bottom at 0.001, all altcoins will crash but this one will crash not so hardly.
Bitcoin still looks like a better investment and it will be probably whole next year.
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In Pump and Dump we trust.
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Eastwind
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March 06, 2014, 01:57:19 PM
Last edit: March 06, 2014, 02:09:09 PM by Eastwind |
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Many people believe in VTC, thats not a problem, its not premined, its immune to ASIC, it was the first globally known coin which made it, so the potential to be a new litecoin is big enough.
The problems are:
1) Subsidy halves every 840,000 blocks (~4 years) = huge daily inflation, 1-2 years would be enough. 84mil. coins mean that the value of 1 VTC will be in few years similar to 1 LTC in the BEST scenario. However the daily inflation will be many thousand bitcoins so its impossible to go long term over 0.01BTC of its today value in 1 year. In the best scenario again.
2) Altcoin global depression and loss of trust due to many scamcoins
3) Still has not bottomed, expecting the real bottom at 0.001, all altcoins will crash but this one will crash not so hardly.
Bitcoin still looks like a better investment and it will be probably whole next year.
I think the subsidy half very 4 years is the main selling point for this coin apart from ASIC resistance. It puts it on par with Bitcoin and litecoin. Halving too fast is unfair to later comers. The purpose of the coin is not to issue it to the earlier adopters, but to be released slowly to the circulation to be used. When it is adopted by more users, then the transaction fee could keep mining going. I will not touch the coins which have mostly premined or with faster subsidy halving. I will not mine those coins. |
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bengtåke
Sr. Member
Offline
Activity: 309
Merit: 250
confused developer
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March 06, 2014, 02:00:59 PM |
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Get some support here. (I am gonna post in big bold letters next time). Posted! |
BTC: 1HoDKDn6Gk7mggAhbRVA1T9UAU8kFAA6sy
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turtoro
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March 06, 2014, 02:01:55 PM |
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Many people believe in VTC, thats not a problem, its not premined, its immune to ASIC, it was the first globally known coin which made it, so the potential to be a new litecoin is big enough.
The problems are:
1) Subsidy halves every 840,000 blocks (~4 years) = huge daily inflation, 1-2 years would be enough. 84mil. coins mean that the value of 1 VTC will be in few years similar to 1 LTC in the BEST scenario. However the daily inflation will be many thousand bitcoins so its impossible to go long term over 0.01BTC of its today value in 1 year. In the best scenario again.
2) Altcoin global depression and loss of trust due to many scamcoins
3) Still has not bottomed, expecting the real bottom at 0.001, all altcoins will crash but this one will crash not so hardly.
Bitcoin still looks like a better investment and it will be probably whole next year.
This is a concern |
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deky_
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March 06, 2014, 03:02:16 PM |
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Voted, let's go ppl, if we get on BTC38, it will be huge!!! Voted Voted, needs moar! Voted 86 votes or 3.1% for now, keep it coming guys |
VTC Donations : VmdSExjrX9wxVt3mSq2mGXd4bLtNrpyGhJ
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alc
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March 06, 2014, 03:05:50 PM |
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Surely the next logical step for this coin is to explore the idea of p2p exchange? This has been discussed just a few pages ago. The notion of a p2p exchange only makes sense if what you're sharing between peers can be represented and exchanged digitally, without trust - physical dollars can't and the payment processors dealing in digital representations of the dollar are strictly regulated. At some point you need to bridge to the fiat world and at that point you must comply with their rules. This is one reason why the current exchanges are so shaky - their business model is entirely predicated on their ability to operate within the laws of whatever country they operate within, and legislation against cryptocurrency exchanges could arrive at any time. A decentralised cryptocurrency exchange is possible (a secure, trust-free exchange from one cryptocurrency into another), but payment out to fiat is a hard problem that is not limited by code, but rather by law. |
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rapsac
Member
Offline
Activity: 106
Merit: 10
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March 06, 2014, 03:12:40 PM |
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The total number of coins does not limit its value! Only supply + DEMAND. If only few people are using crypto at the moment then if everything goes well and crypto becomes more mainstream the current rewards are (barely) enough. Scarcity is also a weak excuse for inherent value and contra productive in the grant scheme.
The only thing that is important is that vertcoin gets more acceptance and the big problem is getting new (non-miners/non-techies) people to use the coin. Also the (pumped or not) value of the coin at exchanges at the moment is meaningless. As soon as its no longer economically viable to mine vertcoin the miner-dumpers will run out of coins and the exchange rate will stabilise (to whatever value, probably around the 0.0015 mark?).
So the question remains, how to get more people involved in vertcoin for the demand side of things.
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