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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346461 times)
Bobsurplus
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July 23, 2014, 03:23:19 AM
 #10961

No Fud here just my personal opinion...which is, I find it scary that the price continues to decline esecially once the devs released the fiat wallet today. This reminds me of the BC decline, where the releases and new featues had little effect on the price. Not a good sign.

I share your concerns. I've been watching Vericoin for about 1.5 months now. Got in around the beginning of the big pump a month ago, not that low though, around 40k. Since then I've been watching it bounce around having its ups and downs and have been purchasing more and more at each dip thinking it cant go any lower, but then it does, so I buy more =P

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

What I'm curious about is the Verifund. I don't really understand what it is or how it works. I've seen the graph on the website, it really doesn't explain much, the dynamic interest is simple enough, but the Verifund aspect of it is a mystery to me.

I understand the multippol mines other coins to purchase Veri to pay out to miners, but what about the verifund?

If someone could shed some light on exactly what the Verifund is and how it works etc that would be most welcome =)

LOL, This coin has been the biggest joke of crypto since the infamous rollback AKA bigbank bailout. Sell now, get your money into cloakcoin and you'll be back in the black in no time!
Satoshi is no god. He did not come down from the mountain with 10 golden rules engraved in stone for no one to question.
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BIgBloxSTR
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July 23, 2014, 03:23:49 AM
 #10962

Well. I am off to go unload the couple bitcoin my buddy bought already of VRC already. He is fairly dissapointed. I thought telling a friend would be a good idea. Now its just stress on my back and losing him money! The past few days I tried to reassure him several times. But now I think maybe I am making up stories to myself to make me feel good about the investment here.

Really appreciate all the work everyone does. I am going to be a silent member of the community from now on, save my sanity.

Will leave my personal money in, because I don't see many better investments in all the shit crypto investments lately. But I am not going to keep relaying info to a buddy, daily when its been nothing but a stress so far. Nor will I continue to post in here.

I'll prob lose a few bitcoins with this investment but that's okay. I guess I am an idiot for believing in something that maybe wasn't meant to be.

VeriCoin has only been around for two months. If all you want are constant price increases, then you're going to be disappointed no matter which altcoin you choose. They all are going down right now.

I've only made three bets in the crypto world, Bitcoin (2012), Litecoin (2013) and Peercoin (2013). All three were big winners for me. I invested in Litecoin, because I liked the idea of decentralized mining and faster transaction times than Bitcoin. I liked Peercoin because of its implementation of Proof of Stake, which many people said would never work. I was one of the largest holders of Peercoin for almost a year before people finally started to invest in it. I was fortunate enough to ride the wave on all of these coins during the 2013/2014 price increase.

However, after a while, I eventually noticed a couple things that made me rethink my investments. One of them was that the development process seemed extremely slow with Litecoin/Peercoin in regards to getting it in the hands of casual users. In early 2014, it became apparent that more and more alts were arriving with new features and Bitcoin was attracting a lot of venture capital money to build an infrastructure around it. Being familiar with software lifecycles, I knew it would only be a matter of time before Litecoin/Peercoin would be replaced if they didn't innovate fast enough. As an example, it has been almost two years and I still don't think Peercoin (Sunny King) or the community has developed a mobile wallet yet. How can you attract people to your coin if it's not easy for them to access it?

The other major problem I recognized, which might sound silly to some people, is that the marketing for all of these altcoins was nonexistent. Most cryptocoins seem to be developed with the idea of catering to only the tiny cult-like crypto community, not the casual user. Any casual person with limited knowledge of technology is going to struggle greatly with any virtual currency and they don't really care about technical details. Bitcoin is closing this gap thanks to all of the venture capital money and apps being built on top of it, similar to when TCP/IP first came around. Most altcoins don't seem to have this luxury.

Between those fundamentals and the chart patterns I was watching (I'm a long time FX trader), I decided that it would be best to sell off both of my positions in early 2014 and hold on to cash. I didn't see a reason to hold any virtual currency outside of Bitcoin at that point, unless someone had a better way to market themselves to casual users. It ended up being a good decision, because most coins lost the vast majority of their value over the following months. I told myself that I would just make small investments in Bitcoin on dips and keep everything else in cash.

Fast forward almost six months later and VeriCoin arrives on the scene. I took one look at it and said, who cares, its just another altcoin. But, the more I read about the developers and their vision, the more convinced I was that this coin had the potential to succeed. A coin is only as good as its developers and they seemed to be the first ones that "got it". If you want your coin to be successful, you need to get it into the hands of the casual masses. How do you do that? By offering more services and using better marketing. The VeriCoin developers seem to understand the direction that Bitcoin is headed with it's third party services/feature infrastructure. Instead of doing everything that way, they've decided to incorporate as much as they can into one place, the wallet, which I believe is the right way to go. As long as the developers continue down this path, then it greatly increases the potential for adoption outside of the crypto community.

If you can find a service-based coin with long term potential and better developers than this one, please let me know, because I certainly haven't found one.

good post  Smiley
lootz
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July 23, 2014, 03:31:19 AM
 #10963

Well. I am off to go unload the couple bitcoin my buddy bought already of VRC already. He is fairly dissapointed. I thought telling a friend would be a good idea. Now its just stress on my back and losing him money! The past few days I tried to reassure him several times. But now I think maybe I am making up stories to myself to make me feel good about the investment here.

Really appreciate all the work everyone does. I am going to be a silent member of the community from now on, save my sanity.

Will leave my personal money in, because I don't see many better investments in all the shit crypto investments lately. But I am not going to keep relaying info to a buddy, daily when its been nothing but a stress so far. Nor will I continue to post in here.

I'll prob lose a few bitcoins with this investment but that's okay. I guess I am an idiot for believing in something that maybe wasn't meant to be.

VeriCoin has only been around for two months. If all you want are constant price increases, then you're going to be disappointed no matter which altcoin you choose. They all are going down right now.

I've only made three bets in the crypto world, Bitcoin (2012), Litecoin (2013) and Peercoin (2013). All three were big winners for me. I invested in Litecoin, because I liked the idea of decentralized mining and faster transaction times than Bitcoin. I liked Peercoin because of its implementation of Proof of Stake, which many people said would never work. I was one of the largest holders of Peercoin for almost a year before people finally started to invest in it. I was fortunate enough to ride the wave on all of these coins during the 2013/2014 price increase.

However, after a while, I eventually noticed a couple things that made me rethink my investments. One of them was that the development process seemed extremely slow with Litecoin/Peercoin in regards to getting it in the hands of casual users. In early 2014, it became apparent that more and more alts were arriving with new features and Bitcoin was attracting a lot of venture capital money to build an infrastructure around it. Being familiar with software lifecycles, I knew it would only be a matter of time before Litecoin/Peercoin would be replaced if they didn't innovate fast enough. As an example, it has been almost two years and I still don't think Peercoin (Sunny King) or the community has developed a mobile wallet yet. How can you attract people to your coin if it's not easy for them to access it?

The other major problem I recognized, which might sound silly to some people, is that the marketing for all of these altcoins was nonexistent. Most cryptocoins seem to be developed with the idea of catering to only the tiny cult-like crypto community, not the casual user. Any casual person with limited knowledge of technology is going to struggle greatly with any virtual currency and they don't really care about technical details. Bitcoin is closing this gap thanks to all of the venture capital money and apps being built on top of it, similar to when TCP/IP first came around. Most altcoins don't seem to have this luxury.

Between those fundamentals and the chart patterns I was watching (I'm a long time FX trader), I decided that it would be best to sell off both of my positions in early 2014 and hold on to cash. I didn't see a reason to hold any virtual currency outside of Bitcoin at that point, unless someone had a better way to market themselves to casual users. It ended up being a good decision, because most coins lost the vast majority of their value over the following months. I told myself that I would just make small investments in Bitcoin on dips and keep everything else in cash.

Fast forward almost six months later and VeriCoin arrives on the scene. I took one look at it and said, who cares, its just another altcoin. But, the more I read about the developers and their vision, the more convinced I was that this coin had the potential to succeed. A coin is only as good as its developers and they seemed to be the first ones that "got it". If you want your coin to be successful, you need to get it into the hands of the casual masses. How do you do that? By offering more services and using better marketing. The VeriCoin developers seem to understand the direction that Bitcoin is headed with it's third party services/feature infrastructure. Instead of doing everything that way, they've decided to incorporate as much as they can into one place, the wallet, which I believe is the right way to go. As long as the developers continue down this path, then it greatly increases the potential for adoption outside of the crypto community.

If you can find a service-based coin with long term potential and better developers than this one, please let me know, because I certainly haven't found one.

good post  Smiley

+200
Xosihc
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July 23, 2014, 03:33:03 AM
 #10964

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

Please get rid of it if you are just here for profits and day trading :\  Or if a little dip will "scare" people away, I hope that dip happens then.

Long term holders and users for a serious coin like this please, there is so many other alt coins you can day trade away and make some serious good cash on, I don't see VRC as one of those.    Might I recommend Dogecoin, it is at a super low price right now, and while maybe it won't jump in the next day or so, the rate it is at with as an active community as it has, it will jump again (I mean, you even have recently the people at Litecoin attempting multiple times to get Dogecoin to merge mine with them http://www.reddit.com/r/dogecoin/comments/2b3x7m/extending_the_hand_of_friendshiponce_again/ ).   Doge ain't going away, there is very little room down to go, so I just see lots of profits there if you are looking for *somewhat* quick cash.

Then there is also Voot the kids like to talk about.  

Either way, Vericoin for long term, if you use the term "investment".. then invest in the coin, participate in it's growth in some way, etc.


Ohhhhhhhhh perfect its this post again. Long term holders bashing "day traders" for wanting to see some profits. Really man? You're not the slightest bit interested in making real USD from this? I continue to *palmface* when I see people play the "long term investment" card. You know what we call those people in the trading world... yeah bagholders.

Now I'm bagholding VRC myself at the moment so it's not like I'm against the success of VRC but come on dude.. seeing BitcoinDark go from .0005 to .0028 in almost 24 hours doesn't make you get a little wet? If VRC just took OFF tomorrow and you woke up to see it trading at .0025 you wouldn't sell any of it?

Edit added: and please don't think because I want to make a profit doesn't mean I also don't want to see the success of this coin and the dev team. I really do believe in the coin/project, what the dev team is doing and getting the word out about ALL crypto currencies to the masses. I will always hold some VRC for this exact reason but still man... think of the money!
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July 23, 2014, 03:33:18 AM
 #10965

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

Please get rid of it if you are just here for profits and day trading :\  Or if a little dip will "scare" people away, I hope that dip happens then.

Long term holders and users for a serious coin like this please, there is so many other alt coins you can day trade away and make some serious good cash on, I don't see VRC as one of those.    Might I recommend Dogecoin, it is at a super low price right now, and while maybe it won't jump in the next day or so, the rate it is at with as an active community as it has, it will jump again (I mean, you even have recently the people at Litecoin attempting multiple times to get Dogecoin to merge mine with them http://www.reddit.com/r/dogecoin/comments/2b3x7m/extending_the_hand_of_friendshiponce_again/ ).   Doge ain't going away, there is very little room down to go, so I just see lots of profits there if you are looking for *somewhat* quick cash.

Then there is also Voot the kids like to talk about.   

Either way, Vericoin for long term, if you use the term "investment".. then invest in the coin, participate in it's growth in some way, etc.


A 'little dip' ? Its gone from mid 30's to mid 20's in a few days. That 1/3 of the price, far FAR from 'little' Theres so many people out so much $ right now its not even funny.
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July 23, 2014, 03:35:24 AM
 #10966

This is a great time to expand, my friends did not want to get in because they thought the price was too high now they are selling their crap coin and jumping in while it is cheap. I am hoping for a huge upswing soon hopefully not too fast I am having a great time seeing my miners bring in so much coin. Also selling out of others to get in at a cheaper price since I originally got in at 32 Smiley
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July 23, 2014, 03:38:25 AM
 #10967

This is a great time to expand, my friends did not want to get in because they thought the price was too high now they are selling their crap coin and jumping in while it is cheap. I am hoping for a huge upswing soon hopefully not too fast I am having a great time seeing my miners bring in so much coin. Also selling out of others to get in at a cheaper price since I originally got in at 32 Smiley

I like the quote you have under your name Grin
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July 23, 2014, 03:38:45 AM
 #10968

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

Please get rid of it if you are just here for profits and day trading :\  Or if a little dip will "scare" people away, I hope that dip happens then.

Long term holders and users for a serious coin like this please, there is so many other alt coins you can day trade away and make some serious good cash on, I don't see VRC as one of those.    Might I recommend Dogecoin, it is at a super low price right now, and while maybe it won't jump in the next day or so, the rate it is at with as an active community as it has, it will jump again (I mean, you even have recently the people at Litecoin attempting multiple times to get Dogecoin to merge mine with them http://www.reddit.com/r/dogecoin/comments/2b3x7m/extending_the_hand_of_friendshiponce_again/ ).   Doge ain't going away, there is very little room down to go, so I just see lots of profits there if you are looking for *somewhat* quick cash.

Then there is also Voot the kids like to talk about.   

Either way, Vericoin for long term, if you use the term "investment".. then invest in the coin, participate in it's growth in some way, etc.


A 'little dip' ? Its gone from mid 30's to mid 20's in a few days. That 1/3 of the price, far FAR from 'little' Theres so many people out so much $ right now its not even funny.

You only lose money if you sell Tongue, I like the dips. Where most people see failure I see opportunity.
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July 23, 2014, 03:59:31 AM
 #10969

No Fud here just my personal opinion...which is, I find it scary that the price continues to decline esecially once the devs released the fiat wallet today. This reminds me of the BC decline, where the releases and new featues had little effect on the price. Not a good sign.

I share your concerns. I've been watching Vericoin for about 1.5 months now. Got in around the beginning of the big pump a month ago, not that low though, around 40k. Since then I've been watching it bounce around having its ups and downs and have been purchasing more and more at each dip thinking it cant go any lower, but then it does, so I buy more =P

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

What I'm curious about is the Verifund. I don't really understand what it is or how it works. I've seen the graph on the website, it really doesn't explain much, the dynamic interest is simple enough, but the Verifund aspect of it is a mystery to me.

I understand the multippol mines other coins to purchase Veri to pay out to miners, but what about the verifund?

If someone could shed some light on exactly what the Verifund is and how it works etc that would be most welcome =)

The VeriFund is the vehicle for collecting coins, money, and spendables. The resources of the Verifund are to be allocated by the Dev's for bounties, project development or anything else which might need funding and are deemed to be in the best interest of VeriCoin by the Dev's.

.

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amesterdamer
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July 23, 2014, 04:03:23 AM
 #10970


I've just read this "All trading fees have been disabled until 23:59 PST on August 31st, 2014. Enjoy fee-free trading!"
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July 23, 2014, 04:09:37 AM
 #10971

Ohhhhhhhhh perfect its this post again. Long term holders bashing "day traders" for wanting to see some profits. Really man? You're not the slightest bit interested in making real USD from this? I continue to *palmface* when I see people play the "long term investment" card. You know what we call those people in the trading world... yeah bagholders.

Now I'm bagholding VRC myself at the moment so it's not like I'm against the success of VRC but come on dude.. seeing BitcoinDark go from .0005 to .0028 in almost 24 hours doesn't make you get a little wet? If VRC just took OFF tomorrow and you woke up to see it trading at .0025 you wouldn't sell any of it?

Edit added: and please don't think because I want to make a profit doesn't mean I also don't want to see the success of this coin and the dev team. I really do believe in the coin/project, what the dev team is doing and getting the word out about ALL crypto currencies to the masses. I will always hold some VRC for this exact reason but still man... think of the money!

I use all the coins I am into. Well except Litecoin, I was in since day 0 basically and made many car payments and took care of some bills by getting rid of some of that.  But my Bitcoin and Dogecoin and Vericoin I have used.  I am not a supporter of digital currencies to trade it back out to cash.  I'm no bagholder, I'm a digital currency user like a mother fucker Smiley

(Of course I'd love to see VRC go up in price, and I very much expect it to, but not as a day trader)

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July 23, 2014, 04:19:01 AM
 #10972

Don't know what I did, but I screwed up my wallet. All I get is an error stating that it requested the runtime to terminate the program in an unusual way. I uninstall it and reinstall it. I tried installing 1.3.3 again. Everything I can think of. It just won't work. I get the same error no matter what. Has anyone else had this issue.

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July 23, 2014, 04:35:30 AM
 #10973

No Fud here just my personal opinion...which is, I find it scary that the price continues to decline esecially once the devs released the fiat wallet today. This reminds me of the BC decline, where the releases and new featues had little effect on the price. Not a good sign.

I share your concerns. I've been watching Vericoin for about 1.5 months now. Got in around the beginning of the big pump a month ago, not that low though, around 40k. Since then I've been watching it bounce around having its ups and downs and have been purchasing more and more at each dip thinking it cant go any lower, but then it does, so I buy more =P

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

What I'm curious about is the Verifund. I don't really understand what it is or how it works. I've seen the graph on the website, it really doesn't explain much, the dynamic interest is simple enough, but the Verifund aspect of it is a mystery to me.

I understand the multippol mines other coins to purchase Veri to pay out to miners, but what about the verifund?

If someone could shed some light on exactly what the Verifund is and how it works etc that would be most welcome =)

LOL, This coin has been the biggest joke of crypto since the infamous rollback AKA bigbank bailout. Sell now, get your money into cloakcoin and you'll be back in the black in no time!

LOL too late for that someone pumped cloak sky high, no way I would get trapped in that bubble.

Still have another 4 hours here at work, if I was home I would be buying VRC now, dammit. Dam wallets
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July 23, 2014, 04:36:01 AM
 #10974

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

Please get rid of it if you are just here for profits and day trading :\  Or if a little dip will "scare" people away, I hope that dip happens then.

Long term holders and users for a serious coin like this please, there is so many other alt coins you can day trade away and make some serious good cash on, I don't see VRC as one of those.    Might I recommend Dogecoin, it is at a super low price right now, and while maybe it won't jump in the next day or so, the rate it is at with as an active community as it has, it will jump again (I mean, you even have recently the people at Litecoin attempting multiple times to get Dogecoin to merge mine with them http://www.reddit.com/r/dogecoin/comments/2b3x7m/extending_the_hand_of_friendshiponce_again/ ).   Doge ain't going away, there is very little room down to go, so I just see lots of profits there if you are looking for *somewhat* quick cash.

Then there is also Voot the kids like to talk about.   

Either way, Vericoin for long term, if you use the term "investment".. then invest in the coin, participate in it's growth in some way, etc.


I'm here because I belive that Vericoin sounds like it has the most promise of any crypto currently. So I definitely believe in the coin!

I also would like to see some growth of the value at times where you could reasonably expect to see them. Ie, the release of the Fiat wallet..

Many times already I've thought about dumping what I bought at 40k to buy in lower, now I wish I had done just that! I'd hold roughly 30% more Vericoin right now if that were the case.. Since it's too late for any of that, I'll hold and stake what I have and see what happens.

Although I've only been playing with crypto for a short while now, I've made money on almost every other trade I have placed, EXCEPT for with Vericoin. I have often cursed myself for actually believing so much in the coin that I've held where my basic trading instincts would have told me to sell any other coin a long time ago.

I like money, I would like to see more of it in future =P

MIDAS COIN: Gold backed crypto! Sign up via my referral link below and you get an extra 1.5% reward! PM me for info =)

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July 23, 2014, 05:06:13 AM
 #10975

71 Lotto tickets sold for the Physical Vericoin Lotto, whoever buys lucky ticket #100 will get FIVE FREE Tickets!!!!
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July 23, 2014, 05:06:19 AM
 #10976

I'm getting the blank screen and I also run Win 7 64bit!

What about the Vericoin pool? Since two days i get no payouts, while other users wrote they get more than usual out of it HuhHuh?


Quote
Please get rid of it if you are just here for profits and day trading

Since weeks i'm buying VRC and lost 40% of my investment. Am I the kind of investor you are looking for? I'm patient and still confident that VRC rises up, but reading arrogant sentences like this makes me angry. VRC needs all kind of investors not only those that are looking for long term investments.

Regards,
Michael

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Add a VRC banner to your Website & support VERICOIN
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July 23, 2014, 05:08:57 AM
 #10977

I'm getting the blank screen and I also run Win 7 64bit!

What about the Vericoin pool? Since two days i get no payouts, while other users wrote they get more than usual out of it HuhHuh?


Quote
Please get rid of it if you are just here for profits and day trading

Since weeks i'm buying VRC and lost 40% of my investment. Am I the kind of investor you are looking for? I'm patient and still confident that VRC rises up, but reading arrogant sentences like this makes me angry. VRC needs all kind of investors not only those that are looking for long term investments.

Regards,
Michael

You have a firewall up maybe ? 
yoshiwatusi
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July 23, 2014, 05:13:14 AM
 #10978

Now it's as low as I've seen it, 25k, I've lost a considerable percentage of my investment, I'm about ready to just cash out and go back to day trading other currencies.. I won't though, I'll stick it out a bit longer at least!

Please get rid of it if you are just here for profits and day trading :\  Or if a little dip will "scare" people away, I hope that dip happens then.

Long term holders and users for a serious coin like this please, there is so many other alt coins you can day trade away and make some serious good cash on, I don't see VRC as one of those.    Might I recommend Dogecoin, it is at a super low price right now, and while maybe it won't jump in the next day or so, the rate it is at with as an active community as it has, it will jump again (I mean, you even have recently the people at Litecoin attempting multiple times to get Dogecoin to merge mine with them http://www.reddit.com/r/dogecoin/comments/2b3x7m/extending_the_hand_of_friendshiponce_again/ ).   Doge ain't going away, there is very little room down to go, so I just see lots of profits there if you are looking for *somewhat* quick cash.

Then there is also Voot the kids like to talk about.   

Either way, Vericoin for long term, if you use the term "investment".. then invest in the coin, participate in it's growth in some way, etc.


can you be a bit mindful bitcoinporn? not all can afford to hold long term
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July 23, 2014, 05:14:33 AM
 #10979

Don't know what I did, but I screwed up my wallet. All I get is an error stating that it requested the runtime to terminate the program in an unusual way. I uninstall it and reinstall it. I tried installing 1.3.3 again. Everything I can think of. It just won't work. I get the same error no matter what. Has anyone else had this issue.

sdmathis, did you move your wallet to another directory, and are you running 1.3.4?  I just encountered the same error. Move everything back the way it was. (right-click, Undo... if you did a drag-and-drop.)

VRC: VMTMcvFjZHAshmVNLY5KYVHCTqcfEnH6Bd  SLR: 8W7D6D7rortYp51BK9MSrfripSoZWyVPVr  BTC: 1LbgAsTDtyWEGjiSaguJhJbaHBPgcMnHfP  BCC: 1Ta39PK67VXTD2xnmPNo5J9KJyBVHdYmy
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July 23, 2014, 05:15:45 AM
 #10980

Vericoin Is Standard Coin With Standard Planning......
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