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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346459 times)
lootz
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July 24, 2014, 12:19:54 AM
 #11121

OK, so the argument against forking the blockchain in the future because of theft are from a technical perspective ?

Imagine a world where VeriCoin is a big as Bitcoin currently is. A rollback in such a world would directly affect tens of thousands of people (if not more). Hundreds of stores/online shops/travel agencies/etc would suddenly lose the currency that they received for merchandise delivered/services rendered. It'd be a disaster.

It is the wrong thing to do BUT it was the rite thing to do. Vericoin is in its early stages so the effect was virtually nill. Bitcoin did it also in its early stages so if you feel it will affect the coin just look at where BTC is today. I am happy it was still possible to do it because it will not be once VRC gets bigger and in more hands
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July 24, 2014, 12:23:05 AM
 #11122

Never invest what you can't afford to lose. 
dont be arrogant- be part of the community. dont throw people off.

Arrogant?  Cheesy   It's a real truth and a rule people who not only day trade, but even long term investors, should apply.    If people are putting in money to ANY coin that they should be paying their bills with, I gladly hope they are thrown off and come back into digital currencies when they are able to accept loss. 




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July 24, 2014, 12:23:20 AM
 #11123


To be a merchant partner perhaps we would need some sort of verification / legal framework to set up. This is a thing most cryptos would cringe upon. But, in the world of business, its something that is required for them. So what do we do if we want to go mainstream? We have to cater to business and the framework that surrounds them. If a business needs x amount of security, we need to have it. If a business needs incentives to get them to use it, we need to figure out a way to give them the incentives they require.

I like where this convo is headed. Debate and constructive criticism is very welcome.


Yes this issue had occurred to me also. I guess the incentive would have to be limited in some way to control for this possible exploit. Perhaps some way of analysing the transfers to determine if they are genuine or not? Ie, not to the same address and back again in similar amounts. Or as part of the merchant reward program, merchants might have to become "registered" and then only when coins are sent to registered merchants can coins be earned? Or perhaps in a similar way that staking only works with mature coins, that only mature coins can earn a chance at generating new coins?

I'm sure that someone with much greater technical knowledge than myself could devise a rewards system which is fairly resistant to exploitation.

Well, I guess there's no place for a "registered" account in a pure P2P environment. I could easily set up a registered account and receive coins in this account and then transfer them to another one and back to the registered one. There's no escape from this when the cost is lower than the incentive. So, the key is to statistically ensure that the combined cost for forging transactions is smaller than the possible incentive. This would work just fine.


I'm sure there is a better solution than that. It would be nice if the incentives outweighed the transaction fees in the long term, such that there is a real incentive for people to use the coin. The potential for exploitation could be alleviated by adding some restrictions on when coin would have a chance at earning new coin, ie mature coins only, only to registered merchants, only once transaction per day per coin etc. Enough restrictions like this would make it not worth it for people looking to exploit the system, but would still encourage regular users to choose Vericoin for the hope of earning a reward.

Incentives could be concentrated, like a lottery. For example: every 100,000 transaction would participate in a draw that would pay 50% of the collected fees (many scattered prizes that collectively sum up 50% of the transaction fees).
Monkeys
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July 24, 2014, 12:25:18 AM
 #11124

Can any business owners around the community weigh in? What would a currency/payment system have to do to make you, and your customers chose vericoin over the other forms of payment you might accept?

Also, what would be great is if our Dev team, and maybe community decide what we want to call ourself.

Are we any other crypto? Are we a payment processor? Are we a currency? It would be great to get the community behind a common goal so we can better organize to go after our target audience. We lack direction right now. Once we get direction we can go after proper marketing.

I'd like to see it become all of those things, except for JUST ANOTHER CRYPTO =P

Imo, all other crypto's bar Bitcoin and maybe one of the social currencies (probably Doge, but Reddcoin is showing some promise) will fade to nothing eventually.

Vericoin should be aiming to distance itself from other crypto's and to become something in it's own right.

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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Monkeys
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July 24, 2014, 12:27:02 AM
 #11125


To be a merchant partner perhaps we would need some sort of verification / legal framework to set up. This is a thing most cryptos would cringe upon. But, in the world of business, its something that is required for them. So what do we do if we want to go mainstream? We have to cater to business and the framework that surrounds them. If a business needs x amount of security, we need to have it. If a business needs incentives to get them to use it, we need to figure out a way to give them the incentives they require.

I like where this convo is headed. Debate and constructive criticism is very welcome.


Yes this issue had occurred to me also. I guess the incentive would have to be limited in some way to control for this possible exploit. Perhaps some way of analysing the transfers to determine if they are genuine or not? Ie, not to the same address and back again in similar amounts. Or as part of the merchant reward program, merchants might have to become "registered" and then only when coins are sent to registered merchants can coins be earned? Or perhaps in a similar way that staking only works with mature coins, that only mature coins can earn a chance at generating new coins?

I'm sure that someone with much greater technical knowledge than myself could devise a rewards system which is fairly resistant to exploitation.

Well, I guess there's no place for a "registered" account in a pure P2P environment. I could easily set up a registered account and receive coins in this account and then transfer them to another one and back to the registered one. There's no escape from this when the cost is lower than the incentive. So, the key is to statistically ensure that the combined cost for forging transactions is smaller than the possible incentive. This would work just fine.


I'm sure there is a better solution than that. It would be nice if the incentives outweighed the transaction fees in the long term, such that there is a real incentive for people to use the coin. The potential for exploitation could be alleviated by adding some restrictions on when coin would have a chance at earning new coin, ie mature coins only, only to registered merchants, only once transaction per day per coin etc. Enough restrictions like this would make it not worth it for people looking to exploit the system, but would still encourage regular users to choose Vericoin for the hope of earning a reward.

Incentives could be concentrated, like a lottery. For example: every 100,000 transaction would participate in a draw that would pay 50% of the collected fees (many scattered prizes that collectively sum up 50% of the transaction fees).

A lottery would be nice, but still is open to being exploited without other restrictions like some of those I mentioned or something better =)

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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Monkeys
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July 24, 2014, 12:28:56 AM
 #11126

What about a referral program for encouraging people to get their friends to sign up and use AND BUY Vericoin?

Thoughts?

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

http://www.midaspool.com/ref/318

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buy4crypto
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July 24, 2014, 12:29:23 AM
 #11127

Lottery may be illegal for some people. Other forms of "reward" might be more widely accepted.

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████ - freecrypto.top - btcinfo.top - DIGITAL CURRENCY DIRECTORIES - freeMonero.comfunbtc.xyz  ████
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Monkeys
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July 24, 2014, 12:37:25 AM
 #11128

Lottery may be illegal for some people. Other forms of "reward" might be more widely accepted.
I wouldnt be too concerned about it being classified as a 'lottery' for legal purposes.

I do think that people wouldn't really see it as much of an incentive though unless there was at least a somewhat real chance they might actually see a reward from a transaction. It wouldn't have to be much, even small rewards can make a big impact on a persons perception. Even the 'staking' income is tiny, but significant in its own way. I've seen less than 1 VRC rewarded to me from my staking, yet I still stake because I like to see those small rewards =)

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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Sign up via my referral link above and you receive an extra 1.5% reward for your hash! PM me for details
lootz
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July 24, 2014, 12:40:18 AM
 #11129

What about a referral program for encouraging people to get their friends to sign up and use AND BUY Vericoin?

Thoughts?

OK guys I had a good idea you tell me if it is great but I do not want to post in here,  so I will post in veritalk forum. I am not a fan of this forum for my verifamily members this is more for swing traders
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July 24, 2014, 12:46:19 AM
 #11130

Lottery may be illegal for some people. Other forms of "reward" might be more widely accepted.

Well, Ok, but the concept is to "concentrate" the reward to few people and make it proportional to the collected transaction fees. So, in my example we would pay (or reward) 50% of the collected transaction fees to a small number of "happy merchants" which is very compelling in my opinion.
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July 24, 2014, 12:48:14 AM
 #11131

What about a referral program for encouraging people to get their friends to sign up and use AND BUY Vericoin?

Thoughts?

OK guys I had a good idea you tell me if it is great but I do not want to post in here due so I will post in veritalk forum. I am not a fan of this forum for my verifamily members this is more for swing traders

I'll be watching for your idea in the Veritalk forum too. Still though why not post it here for others? You may not like this forum, understandably so, but it would be good to fill it with some positive and constructive information rathen than just FUD and people crying about their investments (myself included).

Like it or not, this is the forum that comes up when searching Google for Vericoin information.. We should do what we can to make it a positive place =)

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

http://www.midaspool.com/ref/318

Sign up via my referral link above and you receive an extra 1.5% reward for your hash! PM me for details
leckey
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July 24, 2014, 12:48:23 AM
 #11132

Is anyone around the Bitcoin Center in NYC, that has some time to promote VeriCoin before the party?


Can we organize a giveaway of VeriCoin around the city leading up to the event?  

Perhaps use social media to tell people where to go, or hints about where the free VeriCoin are? We could place some paper wallets with like 100 VRC in them each + instructions on how to download a wallet, ect.

I would contribute to the giveaway if anyone would be willing to do this. The rest of the community can help with small donations, and by using twitter, ect to promote the giveaway. Maybe we get our story picked up, maybe not. Regardless we can educate people about VeriCoin in the Financial hub of the world.


This is a opportunity that we need to use to create brand awareness. A giveaway leading up to a VeriCoin party at Bitcoin Center seems like a logical way for a community that cares to show we are 1 step ahead of the game. That we care just a little more than the next coin, that we will work just a little bit harder than the rest.


I thought you were "done" with VRC since the price fell  Roll Eyes Grin


Look again, I said I was done with this forum, and I am. Sorry I had a great idea that I thought was worth sharing. The reason I am done, and for GOOD now, is responses like what you are doing right now. People have a way of sidestepping progression on this forum and attacking others. It's a great idea I said I would help fund, and the only response is that of a troll. After this response you just affirmed why I should not have even posted something positive like that. Anyone with good ideas is shot down for some reason instead of trying to build it up. A community will never grow with a foundation of assholes like has been posting for the past few days - weeks.

I will hold VeriCoin no matter what until a team comes that can do "mainstream" better. As of right now this is the only game in town so I support it. Though I will not speak again, you are right. I will preserve sanity over messing with the kiddies who want to turn this into a forum full of people who wish to bring others down.



People like you Leckey, make me want to sell out everything I own and move on. You know I am looking for support making a VRC faucet, You HAVE a VRC faucet. I LINK MY WEBSITE TO YOUR FAUCET Yet you will not help me make another one for the community because it would be competition for you. Not only will you not help me, you chose to attack me.

So its better I just not look at this forum, and all the wonderful people who post here.

Ahh I see thank you for the information I will now be removing lekeys faucet from vericoinish.com and work on creating my own this weekend. Then I will give you a copy of the scrypt B4C.

Feel free to remove it. However you should know, that not once has he asked for any help from me - help which I would gladly give (as specified in a previous post in thread). What he's saying with regards to me not wanting to help because of competition is 100% false. But sure, jerk knees some more.

Edit: And I don't think of it as *my* faucet. Sure, I created it - but there are many people who contribute to the balance besides myself.
lootz
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July 24, 2014, 12:58:17 AM
 #11133

Is anyone around the Bitcoin Center in NYC, that has some time to promote VeriCoin before the party?


Can we organize a giveaway of VeriCoin around the city leading up to the event?  

Perhaps use social media to tell people where to go, or hints about where the free VeriCoin are? We could place some paper wallets with like 100 VRC in them each + instructions on how to download a wallet, ect.

I would contribute to the giveaway if anyone would be willing to do this. The rest of the community can help with small donations, and by using twitter, ect to promote the giveaway. Maybe we get our story picked up, maybe not. Regardless we can educate people about VeriCoin in the Financial hub of the world.


This is a opportunity that we need to use to create brand awareness. A giveaway leading up to a VeriCoin party at Bitcoin Center seems like a logical way for a community that cares to show we are 1 step ahead of the game. That we care just a little more than the next coin, that we will work just a little bit harder than the rest.


I thought you were "done" with VRC since the price fell  Roll Eyes Grin


Look again, I said I was done with this forum, and I am. Sorry I had a great idea that I thought was worth sharing. The reason I am done, and for GOOD now, is responses like what you are doing right now. People have a way of sidestepping progression on this forum and attacking others. It's a great idea I said I would help fund, and the only response is that of a troll. After this response you just affirmed why I should not have even posted something positive like that. Anyone with good ideas is shot down for some reason instead of trying to build it up. A community will never grow with a foundation of assholes like has been posting for the past few days - weeks.

I will hold VeriCoin no matter what until a team comes that can do "mainstream" better. As of right now this is the only game in town so I support it. Though I will not speak again, you are right. I will preserve sanity over messing with the kiddies who want to turn this into a forum full of people who wish to bring others down.



People like you Leckey, make me want to sell out everything I own and move on. You know I am looking for support making a VRC faucet, You HAVE a VRC faucet. I LINK MY WEBSITE TO YOUR FAUCET Yet you will not help me make another one for the community because it would be competition for you. Not only will you not help me, you chose to attack me.

So its better I just not look at this forum, and all the wonderful people who post here.

Ahh I see thank you for the information I will now be removing lekeys faucet from vericoinish.com and work on creating my own this weekend. Then I will give you a copy of the scrypt B4C.

Feel free to remove it. However you should know, that not once has he asked for any help from me - help which I would gladly give (as specified in a previous post in thread). What he's saying with regards to me not wanting to help because of competition is 100% false. But sure, jerk knees some more.

Edit: And I don't think of it as *my* faucet. Sure, I created it - but there are many people who contribute to the balance besides myself.

Awesome then help the guy out he is a beginner developer from what I understand and could use some assistance in creating a new faucet. I mean once I get a scrypt together I will be more then happy to share it with you since it will be a bit more then a faucet. He is asking for help I apologize if I came off stand-off ish or misinterpreted the post. Lets get people to open more wallets that is my goal.
lootz
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July 24, 2014, 01:01:30 AM
 #11134

What about a referral program for encouraging people to get their friends to sign up and use AND BUY Vericoin?

Thoughts?

OK guys I had a good idea you tell me if it is great but I do not want to post in here due so I will post in veritalk forum. I am not a fan of this forum for my verifamily members this is more for swing traders

I'll be watching for your idea in the Veritalk forum too. Still though why not post it here for others? You may not like this forum, understandably so, but it would be good to fill it with some positive and constructive information rathen than just FUD and people crying about their investments (myself included).

Like it or not, this is the forum that comes up when searching Google for Vericoin information.. We should do what we can to make it a positive place =)

The end result can be posted here, but idea generation for vericoin should be among vericoiners. Actually we should have a closed special privileged section for leaders in the veritalk forum. For obvious reasons such as people saying they had the idea first from other alts.....etc
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July 24, 2014, 01:02:46 AM
 #11135

Lottery may be illegal for some people. Other forms of "reward" might be more widely accepted.

Well, Ok, but the concept is to "concentrate" the reward to few people and make it proportional to the collected transaction fees. So, in my example we would pay (or reward) 50% of the collected transaction fees to a small number of "happy merchants" which is very compelling in my opinion.

I like the idea for a merchant reward, as merchants would potentially be involved in many many transactions, and hence would gain additonal entries in to the lottery. Whereas for a casual user, they would want a more realistic reward for it to be an incentive.

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

http://www.midaspool.com/ref/318

Sign up via my referral link above and you receive an extra 1.5% reward for your hash! PM me for details
buy4crypto
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July 24, 2014, 01:04:19 AM
 #11136

Its going to be one hell of a VeriCoin party. Everyone is going to have on a moapy face and be all pissed off they lost a lot of there money. Buyers all went on strike (for 9 bitcoins you can clear the whole order book on bittrex) scary to think about.

I hope the dev's planned for this and have something cool planned to get people excited again before the party!

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July 24, 2014, 01:05:44 AM
 #11137


Anyways I just bought some VRC right now, because it's at a good price. Don't forget what you read previously about creating the best decentralized anon. Your team has the talent for such a goal, one which is more realistic.

Can't give details on it at this point, but we have a great strategy for completely decentralized, efficient, VeriSend, completely rewritten.

So these are the dev goals now, right? Sounds cool.
Nice, glad to hear it!  When you are designing it, consider being able to implement the following features if possible:

-Decentralized Bulletin Board like Craigslist where people can post in a decentralized manner for goods and services.  Also consider a rating/reputation system that sticks with a public address and how people might use escrow (see cloak's planned marketplace for ideas in this realm)

-Encrypted messaging, or atleast messaging for communication between parties, ideally encrypted.

-Maybe the ability to even upload files or create legal documents like binding contracts that are permanently tied to each public address and shared amongst the decentralized wallets.  The thinking is this can enable more formal agreements between parties such as a safer sale of large goods,  gainful employment, selling a car, or even land or title transfer.  The blockchain is a perfect vehicle for storing public ledger type information including deeds and contracts and eventually there will be a coin that enables this.  Why not let it be Vericoin?
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July 24, 2014, 01:08:02 AM
 #11138

 Vrc was such a big pool of little juicy fishes and obviously whales have made all the money .

You cant call it scam because dev team seem to be very legit and they have worked really hard so they got nothing to do with the dump .

This dump is not about the hardfork or anything like that . Big whales dont give a shit about altcoins they just give a shit about money . They have made all the money and they wont comeback unless they see a big profit oportunity .

What confuses me is that  it seems like they could have made way more money with such a hype so i guess the posibility that they shakeout the market to buy cheap still out there .

I have learned a lesson with VRC , now i understand better how this world works . Either you are a really good trader/whale or u just gambling by buying and holding a coin .


Sorry for my english .

Good night .


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July 24, 2014, 01:13:16 AM
 #11139

Is anyone around the Bitcoin Center in NYC, that has some time to promote VeriCoin before the party?


Can we organize a giveaway of VeriCoin around the city leading up to the event?  

Perhaps use social media to tell people where to go, or hints about where the free VeriCoin are? We could place some paper wallets with like 100 VRC in them each + instructions on how to download a wallet, ect.

I would contribute to the giveaway if anyone would be willing to do this. The rest of the community can help with small donations, and by using twitter, ect to promote the giveaway. Maybe we get our story picked up, maybe not. Regardless we can educate people about VeriCoin in the Financial hub of the world.


This is a opportunity that we need to use to create brand awareness. A giveaway leading up to a VeriCoin party at Bitcoin Center seems like a logical way for a community that cares to show we are 1 step ahead of the game. That we care just a little more than the next coin, that we will work just a little bit harder than the rest.


I thought you were "done" with VRC since the price fell  Roll Eyes Grin


Look again, I said I was done with this forum, and I am. Sorry I had a great idea that I thought was worth sharing. The reason I am done, and for GOOD now, is responses like what you are doing right now. People have a way of sidestepping progression on this forum and attacking others. It's a great idea I said I would help fund, and the only response is that of a troll. After this response you just affirmed why I should not have even posted something positive like that. Anyone with good ideas is shot down for some reason instead of trying to build it up. A community will never grow with a foundation of assholes like has been posting for the past few days - weeks.

I will hold VeriCoin no matter what until a team comes that can do "mainstream" better. As of right now this is the only game in town so I support it. Though I will not speak again, you are right. I will preserve sanity over messing with the kiddies who want to turn this into a forum full of people who wish to bring others down.



People like you Leckey, make me want to sell out everything I own and move on. You know I am looking for support making a VRC faucet, You HAVE a VRC faucet. I LINK MY WEBSITE TO YOUR FAUCET Yet you will not help me make another one for the community because it would be competition for you. Not only will you not help me, you chose to attack me.

So its better I just not look at this forum, and all the wonderful people who post here.

Ahh I see thank you for the information I will now be removing lekeys faucet from vericoinish.com and work on creating my own this weekend. Then I will give you a copy of the scrypt B4C.

Feel free to remove it. However you should know, that not once has he asked for any help from me - help which I would gladly give (as specified in a previous post in thread). What he's saying with regards to me not wanting to help because of competition is 100% false. But sure, jerk knees some more.

Edit: And I don't think of it as *my* faucet. Sure, I created it - but there are many people who contribute to the balance besides myself.

Awesome then help the guy out he is a beginner developer from what I understand and could use some assistance in creating a new faucet. I mean once I get a scrypt together I will be more then happy to share it with you since it will be a bit more then a faucet. He is asking for help I apologize if I came off stand-off ish or misinterpreted the post. Lets get people to open more wallets that is my goal.

Perhaps instead of attacking me for not being telepathic, he should send me a message and ask for help. I posted earlier that if he has a server set up with vericoind, to message me. I've heard nothing.

Tactfulness needed.
yoshiwatusi
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July 24, 2014, 01:16:17 AM
 #11140

lol… you guys continue with your in-fighting.. there's blood on bittrex anyways.. lol.. and this is what vrc community is
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