[ANN] [PoW] [PoS] VEIL - Privacy without compromise

[mxnsch]

Pool ready for registering/setting up workers now and will be up and running later on mainnet launch:

https://veil.suprnova.cc

ERROR for site owner: Invalid site key msg on captcha during log in

Works here

[ollsanek]

Why zerocoin if it's already depricated ?

[Veilgets]

Why zerocoin if it's already depricated ?

Zerocoin is one of the most vetted privacy protocols available, and is alot more plausible to have an efficient trustless setup created for than zk-snarks.


Another major drawback of zk-snarks is that the supply becomes unauditable, which is a risk we don't find worth taking, especially when you consider many major privacy coins such as Monero had exploits found that could create coins out of thin air.

[proletariat]

'oldskool' launch with a strong team. Looking forward to this one. 

[jambo110]

'oldskool' launch with a strong team. Looking forward to this one. 

100 percent agree sir.

[VeilStrontium]

Glad to see the enthusiasm guys. Don't be shy to drop any questions or join us on Discord.

[wovomel]

where nodes ?

[VeilDango]

where nodes ?

There will be nodes after Mainnet launch, currently scheduled for December 8th.

[tr8kr]

50% of coin reward to dev seriously ?
25% for staking and 25% for mining ?

[VeilDango]

50% of coin reward to dev seriously ?
25% for staking and 25% for mining ?

It's higher than some mineable cryptocurrencies, so I understand where you're coming from. But cryptocurrencies that don't have budgets also don't have large structured teams that can ensure the project is developed and marketed properly.

To address possible issues stemming from a large budget, we will be making transparent budget reports so that the community can ensure we are wisely using the funds. Our goal isn't to simply spend funds because we have it, but to only use it if we consider it good for the project and if it is a cost-effective use of budget, otherwise the budget should not be spent.

[Nicolas7gr]

Great potential! Will look into the bounties

[tr8kr]

It's higher than some mineable cryptocurrencies, so I understand where you're coming from. But cryptocurrencies that don't have budgets also don't have large structured teams that can ensure the project is developed and marketed properly.

To address possible issues stemming from a large budget, we will be making transparent budget reports so that the community can ensure we are wisely using the funds. Our goal isn't to simply spend funds because we have it, but to only use it if we consider it good for the project and if it is a cost-effective use of budget, otherwise the budget should not be spent.

Why not give 100% of reward to miner and minter the first year to lets grow interest and hashrate looking for eventual update after making the blockchain working with a small starting premine vested and locked without crucial expense and follow with a smaller % reward after the first year.
Dont overlook that this fund taken from the miner and staker are gonna increase selling pressure on a young project.

[ONeZetty]

This is very cool!! 

[VeilDango]

It's higher than some mineable cryptocurrencies, so I understand where you're coming from. But cryptocurrencies that don't have budgets also don't have large structured teams that can ensure the project is developed and marketed properly.

To address possible issues stemming from a large budget, we will be making transparent budget reports so that the community can ensure we are wisely using the funds. Our goal isn't to simply spend funds because we have it, but to only use it if we consider it good for the project and if it is a cost-effective use of budget, otherwise the budget should not be spent.

Why not give 100% of reward to miner and minter the first year to lets grow interest and hashrate looking for eventual update after making the blockchain working with a small starting premine vested and locked without crucial expense and follow with a smaller % reward after the first year.
Dont overlook that this fund taken from the miner and staker are gonna increase selling pressure on a young project.

That's a viable option, but it would have the disadvantage of less budget. If we use the budget wisely and cost-effectively, the returns should exceed the expenses. In other words, we intend to use the budget only if we feel it will have a net positive impact on the value of Veil.

Miners and stakers also can sell, and I wouldn't say the people/entities paid from the budget would necessarily cause more selling pressure than miners and stakers.

It is not our business what others do with their Veil, but we also would prefer if those receiving budget payments are more likely to save their Veil so that there is less selling pressure. In order to reduce the likelihood of budget payments resulting in selling pressure, we always try to look into the possibility of paying with Veil, as opposed to fiat, BTC, or ETH. Additionally, when paying in Veil, we do factor in the likelihood that the recipient believes in the project and may save some of their Veil (everyone has expenses!), or if they will just sell all of their the Veil, to help us decide whether or not an expenditure should be made and how much.

[jitujokope]

Any pools for the coin?

[veilMaDOS]

Any pools for the coin?

Hello jitujokope, thanks for the question.

We have arranged for Suprnova (https://veil.suprnova.cc/) plus two other pools that we will announce at a later date. Please note as well that Veil will be making use of a modified version of the X16R algorithm called X16RT.

[SkyDr4k3]

how can i mine your coin?

[jotopofapi]

What is this a joke )

[VeilDango]

What is this a joke )

If you can't laugh at yourself, who can you laugh at?

[veilMaDOS]

how can i mine your coin?

Hello SkyDr4k3, thanks for the question! You can start mining Veil once we've launched our mainnet on December 8, 2018. We will be providing mining guides prior to launch. Follow our social media channels and/or our newsletter so you can be informed right away when these guides come out.