[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[socal]

effectsToCause (Doug) has written yesterday about developing a new method of anonymity that can compete with the best of them.

Tbh, i couldn't care less about anonymity.. What's the big deal with anonymity really!!?? Are we all just drug dealers and scammers that all we care about is anonymity?

I propose the opposite of anonymity, VERIFICATION! As an option of course. Surely a coin like VERIcoin could see the value of true verification attached to wallets?

"Vericoin Verified" anyone?

Which would you feel more comfortable with, sending your money to a merchant with a verified identity, or sending money to a merchant with an anonymous and untraceable transaction??

Seriously, anonymity is the dumbest thing I've ever heard of for a currency that is supposed to be going MAINSTREAM? It's completely counter intuitive..

Lets discuss =)

Why can't we do both...VERIfied and VeriSend!

Being verified would set us apart from the rest of the pack and make us more acceptable as a true currency!

VeriSend could be the anonymous feature for a choice for the user.

We would defiantly get a lot of FUD for implementing this feature of being VERIfied...but again we would be the only coin doing it. Merchants would be put at ease knowing exactly who they are dealing with.

Now THERE'S an idea. We COULD go both routes as long as both are optional

Like socal mentioned we are actually working on both ends of the spectrum, it's pretty exciting stuff.  However it seems that so much of the market variability we have seen is due to buying on rumors and selling on news and all that jazz.  We don't want to give too much power to rumor and news.  It just isn't efficient to work in that context, so we are being a bit more tactful and strategic about announcements regarding the yet to be released features.  However if you watch the hangout tomorrow you will get a more info about what we have been working on.  Also final fix for windows wallet is coming, I'm doing some test builds right now and then we will start working on phase two of the 'Buy VeriCoin' button, which will be more customized for the wallet.

I'm Veri glad to hear that you are considering verification as the way forward.

If it were me, I would be focussing on that step first and foremost. As it would be revolutionary for a crypto.

I've also got other ideas to help spread Vericoin, if you'd like I could PM you to discuss further?

considering how busy they are it would probably be better for you to PM him just a suggestion

[socal]

i wonder whatever happened to coine smith?

[Monkeys]

People say things like "Oh, Vericoin, the Paypal of the crypto world" Like that's a BAD thing!?

Paypal might be far from perfect, but they are THE payment method of choice for the entire internets...

I understand what you are saying but "of choice" doesn't apply: Ebay imposes it and that's why it is the payment that most people use on the internet. Amazon doesn't use it and that's quite some market.

It is up for debate if being identified as "the PayPal of the crypto world" would be negative or not to the image of Vericoin. Personally I don't believe it will be, as long as it is not PayPal dependent or perceived as PayPal dependent (vendors HATE the chargebacks PayPal is famous for), but others may have different opinions... and the devs the last word. Again, good thinking, thank you. These types of ideas are -or should be- what moves the project forward toward the mainstream.

As a person that makes quite a lot of purchases on the internet, I ONLY send my money via Paypal, even if there are additional fees associated as there sometimes are. Why? Security, simple as that. Now, lets not go in to the "Oh Paypal isn't as secure as you might think bla bla bla.." discussion. The point is, that if I've ever had a legitimate issue with a product or service I have purchased through Paypal, I have been looked after.

I understand that merchants have been burned by Paypal before, through chargebacks and the likes, but tbh it is usually the fault of the merchant for not ensure they follow the required precautions when dealing with a dodgy buyer.

I've also been a small time merchant on eBay (I used to buy and sell iPhones when they first came out and weren't released in many countries) and I did encounter my fair share of dodgy buyers that attempted to exploit the loopholes in Paypals seller protection program. I was lucky enough to be able to smell a rat a mile away and avoided being burned. This is just a part of life, you have to be cautious when dealing on the internet (or anywhere really). No amount of verification or seller protection can protect you from being scammed if you are not cautious yourself..

My $0.02 VRC

[PUMPBANDIT]

That's exactly what I was thinking. I remember him too. He was alright ol' coine.
talk about winding back the VRC clock their.

[socal]

That's exactly what I was thinking. I remember him too. He was alright ol' coine.
talk about winding back the VRC clock their.

lol that just shows how long i've been around lmao

[PUMPBANDIT]

yeah grandpa  

I can remember PMing Pat, would he do a utube video and prove he was real.
He said he would think about it.
God that was before mysterious Dev 3 even existed.
lols

[Monkeys]

I've got another idea to help spread Vericoin to new users. A referral program.

The fact of the matter is that people need incentives to actually actively tell people about Vericoin, and to encourage them to download the wallet, and BUY Vericoin.

What better way to do this than to reward people who actually get new users to start using Vercoin, than to reward them with Vericoin?

Now, for this to work it would go hand in hand with Verification, this would prevent exploitation, as only once a new user has been verified, would rewards be paid to the referrer.

Thoughts?

[Autodidact]

That's exactly what I was thinking. I remember him too. He was alright ol' coine.
talk about winding back the VRC clock their.

lol that just shows how long i've been around lmao

He started the topic on Dirac so maybe it's bryce and he's no longer interested in this coin?  Or someone close to him that has equal thoughts on the subject... that's my guess anyway

[MAD945]

I've got another idea to help spread Vericoin to new users. A referral program.

The fact of the matter is that people need incentives to actually actively tell people about Vericoin, and to encourage them to download the wallet, and BUY Vericoin.

What better way to do this than to reward people who actually get new users to start using Vercoin, than to reward them with Vericoin?

Now, for this to work it would go hand in hand with Verification, this would prevent exploitation, as only once a new user has been verified, would rewards be paid to the referrer.

Thoughts?

Interesting idea...I like it!

[barabbas]

Just bought another modest amount. Traded a couple of good lots for small profit earlier too. We might be in a tight channel for a little while.

[MAD945]

That's exactly what I was thinking. I remember him too. He was alright ol' coine.
talk about winding back the VRC clock their.

lol that just shows how long i've been around lmao

He started the topic on Dirac so maybe it's bryce and he's no longer interested in this coin?  Or someone close to him that has equal thoughts on the subject... that's my guess anyway

If it was Bryce, that would explain why he was sooooo vocal about Vericoin hack

[lootz]

I've got another idea to help spread Vericoin to new users. A referral program.

The fact of the matter is that people need incentives to actually actively tell people about Vericoin, and to encourage them to download the wallet, and BUY Vericoin.

What better way to do this than to reward people who actually get new users to start using Vercoin, than to reward them with Vericoin?

Now, for this to work it would go hand in hand with Verification, this would prevent exploitation, as only once a new user has been verified, would rewards be paid to the referrer.

Thoughts?

sounds like a government plan, how about for people that would not want their name on another database ? That wouldnt make it very fair. Sound like 2 separate ideas, 1 for verification/reward and another referral /reward

[barabbas]

I've got another idea to help spread Vericoin to new users. A referral program.

The fact of the matter is that people need incentives to actually actively tell people about Vericoin, and to encourage them to download the wallet, and BUY Vericoin.

What better way to do this than to reward people who actually get new users to start using Vercoin, than to reward them with Vericoin?

Now, for this to work it would go hand in hand with Verification, this would prevent exploitation, as only once a new user has been verified, would rewards be paid to the referrer.

Thoughts?

Interesting idea...I like it!

I like it but as a secondary step to verification. Much more secondary.

Truth is that VRC should not be desperate about new users/investors. That should be part of a general strategy of much, much wider proportions, but yes, why not, a referral program is advisable and quite interesting. But first we have to have VERY CLEAR, where VRC is going. Which are -if they remain- the primary objectives and what will be the path, regardless what the markets do.

That is not to say that flexibility should be abandoned, on the contrary. The coin will continue suffering growing pains for sure and devs should adapt to whatever new challenges/circumstances, but the general vision should remain above all. That's the anchor of the stakeholders. That's the support thjat will stay through thick and thin, regardless what the price of the coin is.

[barabbas]

I've got another idea to help spread Vericoin to new users. A referral program.

The fact of the matter is that people need incentives to actually actively tell people about Vericoin, and to encourage them to download the wallet, and BUY Vericoin.

What better way to do this than to reward people who actually get new users to start using Vercoin, than to reward them with Vericoin?

Now, for this to work it would go hand in hand with Verification, this would prevent exploitation, as only once a new user has been verified, would rewards be paid to the referrer.

Thoughts?

sounds like a government plan, how about for people that would not want their name on another database ? That wouldnt make it very fair. Sound like 2 separate ideas, 1 for verification/reward and another referral /reward

Or, maybe, people who don't want their names in another data base, should perhaps consider investing in Darkcoin instead. It would seem a more appropriate fitting... Or any of teh gazillion coins that offer anon features already.

[MAD945]

I think we shouldn't get ahead of ourselves...

We should be sticking to the main idea of verified transactions and anonymous transactions

VeriSend = Verified transactions in the blockchain, one wallet linked to a Verified Identity and a Vericoin ID Number...maybe some kinda of rating system for trusted users. Maybe verified users would gain more interest, and incentive to be a trusted user.


VeriShield = Completely Decenterilized Anonymous transactions...can create as many wallets as needed.

Again ZERO transaction Fees...


Also Vericoin needs to be as secure as humanly possible...the wallet needs password to send, 2FA, multisig. Encryption up the wazzzoooo

[Monkeys]

I've got another idea to help spread Vericoin to new users. A referral program.

The fact of the matter is that people need incentives to actually actively tell people about Vericoin, and to encourage them to download the wallet, and BUY Vericoin.

What better way to do this than to reward people who actually get new users to start using Vercoin, than to reward them with Vericoin?

Now, for this to work it would go hand in hand with Verification, this would prevent exploitation, as only once a new user has been verified, would rewards be paid to the referrer.

Thoughts?

Interesting idea...I like it!

Glad to hear it =)

I feel that currently the only people involved in Vericoin, are crypto traders. While that's to be expected currently as it is in its infancy, if it is to ever achieve its goal of being a mainstream currency, it needs to be pushed on to new users. Or even sooner, pushed on to current users of crypto!

For me, I'm not going to tell my fellow crypto enthusiast, that they should look at using Vericoin for their online payments because it is accepted anywhere Bitcoin is =/ That just wont fly. Faster transactions times are great (it is really great BTW), but people need an incentive to actually use things like Veribit and to encourage new users to do the same.

Now the tricky part is to balance the reward against the longevity of the coin. Obviously you don't want to be causing excessive inflation to the coin due to the reward program. So how could it be achieved?

[Monkeys]

I've got another idea to help spread Vericoin to new users. A referral program.

The fact of the matter is that people need incentives to actually actively tell people about Vericoin, and to encourage them to download the wallet, and BUY Vericoin.

What better way to do this than to reward people who actually get new users to start using Vercoin, than to reward them with Vericoin?

Now, for this to work it would go hand in hand with Verification, this would prevent exploitation, as only once a new user has been verified, would rewards be paid to the referrer.

Thoughts?

sounds like a government plan, how about for people that would not want their name on another database ? That wouldnt make it very fair. Sound like 2 separate ideas, 1 for verification/reward and another referral /reward

As I said, it is optional. For those who don't want their names listed, don't get verified. Simple as that.

My point was that the verification system could be used to easily prevent exploitation of the referral program. If people are afraid of getting their names listed against their transactions for fear of government tracking, then they simply wont get any referral rewards.

[MAD945]

How bout a monthly bonus of extra interest for referrals?

[Monkeys]

I think we shouldn't get ahead of ourselves...

We should be sticking to the main idea of verified transactions and anonymous transactions

VeriSend = Verified transactions in the blockchain, one wallet linked to a Verified Identity and a Vericoin ID Number...maybe some kinda of rating system for trusted users. Maybe verified users would gain more interest, and incentive to be a trusted user.


VeriShield = Completely Decenterilized Anonymous transactions...can create as many wallets as needed.

Again ZERO transaction Fees...


Also Vericoin needs to be as secure as humanly possible...the wallet needs password to send, 2FA, multisig. Encryption up the wazzzoooo

Absolutely agree with the security necessity. passwords, 2FA, encryption, possibly even email verification for larger transactions. The more the better IMO.

[CodeHunter]

I think we shouldn't get ahead of ourselves...

We should be sticking to the main idea of verified transactions and anonymous transactions

VeriSend = Verified transactions in the blockchain, one wallet linked to a Verified Identity and a Vericoin ID Number...maybe some kinda of rating system for trusted users. Maybe verified users would gain more interest, and incentive to be a trusted user.


VeriShield = Completely Decenterilized Anonymous transactions...can create as many wallets as needed.

Again ZERO transaction Fees...


Also Vericoin needs to be as secure as humanly possible...the wallet needs password to send, 2FA, multisig. Encryption up the wazzzoooo

The devs should also rename these options to make them more comprehensible to the average person and beginner.

Anonymous transactions should be called VeriAnon.

And the verified transactions should be called VeriFied.

This would add to the first time usage functionality of the wallet.