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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1341744 times)
buy4crypto
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July 24, 2014, 11:03:40 AM
 #11301



Decentralized apps and smart contracts combined with digital currency are the future. See Ethereum, $3.5 million investment in 24 hours.

Yeah, I was about to mention the Ethereum IPO and other Blockchain 2.0 platforms such as Swarm & NXT. If VeriCoin does not become a Blockchain 2.0 organisation then it is a guaranteed failure, no ifs and no buts.

It really would be nice to know what the developers are planning going forward. Days, weeks, months, and years. Where is the vision for us to follow? All these roadmaps we had before, talks of this and that. And in the past few days, its like Patrick went silent on twitter ect, David never speaks, And Doug looks like he has been trying his hardest. We have a VeriCoin party in a few days right? Shouldn't we be building excitement, rather than fizzling out right now? I had a idea to promote vericoin before the party in the financial hub of the world that nobody seems to care about. If not that, can something else be done? Or is it our goal to underwhelm all the investors, and people concerned with the party?



Can we have the vision laid out of whats going on by the devs? Where we are headed, whats in the pipeline of innovation? No hard deadlines are needed, The investors just need to know that their is a clear plan, and its being followed. Right now people are investing in vericoin for a lot of reasons. It would be great if people knew what they where investing in. Investing in the "mainstream" crypto is NOT working for us.

But just a general, who is vericoin, what are we, and where are we going would be EXTREMELY helpful.

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July 24, 2014, 11:09:08 AM
 #11302



Decentralized apps and smart contracts combined with digital currency are the future. See Ethereum, $3.5 million investment in 24 hours.

Yeah, I was about to mention the Ethereum IPO and other Blockchain 2.0 platforms such as Swarm & NXT. If VeriCoin does not become a Blockchain 2.0 organisation then it is a guaranteed failure like all the other shitcoins with a limited lifespan, no ifs and no buts.

Ethereum is still 4-5 months away from the release if that ever happens at all, their terms of conditions promises nothing. It seems Skycoin is still far from the release too. Perhaps vericoin will be the first? As you said a blockchain 2 tech is a good opportunity for vercoin to be one of the very few alt currencies that's going to stay alive.
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July 24, 2014, 11:25:39 AM
 #11303

I don't care about the price actually, because for me VRC is a Long term Investment (if i would care i'd have to cry because i lost 50% of my Investment)
But what really shocks me is the poor quality. Im running the Wallet 1.3.4. I permanently get Network Alert messages from the previous version, that i've uninstalled as discribed. Also Malwarebytes is popping up from time to time and tries to block the wallet.
The fiat button doesn't work (only blanksreen). That's not too bad, because it's in an early stage.
But what really makes me angry is: I don't get any payouts from the miner since days. I told my Problem here and on irc but nothing changed. In Europe the electricity costs are immens, so please take care that it works correctly.

Regards,
Michael
Shitty devs are shitty devs.  Adding a bunch of centralized web-based features to the QT client doesn't equate to a good coin.  Reverting a blockchain to save an exchange is awful, and set a precedent for the future of this coin (meaning, it has no real future).  People will always look back on this coin's history and go, "ah right, the devs that 51% attacked their own coin..."

Wow PHZI Promotes theft & scammers. He must have some scammers in his inner circle of trust .
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July 24, 2014, 11:28:58 AM
 #11304

You guys really need to learn your Bitcoin history! Bitcoin had been rolledback!

8th August 2010 - 92 billion BTC into existence

On 8th August 2010 bitcoin developer Jeff Garzik wrote what could be mildly described as the biggest understatement since Apollo 13 told Houston: “We’ve had a problem here.”. “The ‘value out’ in this block is quite strange,” he wrote on bitcointalk.org, referring to a block that had somehow contained 92 billion BTC, which is precisely 91,979,000,000 more bitcoin than is ever supposed to exist. CVE-2010-5139 (CVE meaning ‘common vulnerability and exposures’) was frighteningly simple and exploited to the point of farce by an unknown attacker. In technical language, the bug is known as a number overflow error.So instead of the system counting up 98, 99, 100, 101, for example, it broke at 99 and went to zero (or -100) instead of 100. In layman’s terms, someone found a way to flood the code and create a ridiculously large amount of bitcoin in the process.

The fix was the bitcoin equivalent of dying in a video game and restarting from the last save point. The community simply hit ‘undo’, jumping back to the point in the blockchain before the hack occurred and starting anew from there; all of the transactions made after the bug was exploited – but before the fix was implemented – were effectively cancelled.

How serious was it? Bitcoin’s lead developer Wladimir Van Der Laan is pretty blunt about it, telling me: “It was the worst problem ever.”

Source1: http://www.coindesk.com/9-biggest-screwups-bitcoin-history/
Source2: https://bitcointalk.org/index.php?topic=822.0
This is a hard-fork for internal reasons, not a blockchain rollback for external reasons - HUGE difference.  It was done because the protocol wasn't implemented properly, not because some third-party exchange messed up.

Obviously you need to learn your terminology...

Bitcoin used a hard-fork, which caused that block to be invalid and unacceptable (because it was)...  Nothing was invalid or unacceptable (protocol-wise) about the block that VRC rolled back to.

There are hard-forks, forks, and blockchain rollbacks (essentially, large blockchain re-organizations).

Hard-forks are performed because there is a bug in the software that needs fixing - a fault in the software itself.
Bitcoin has had a few emergency hard-forks; 2 to be exact.  These are positive changes - they show that the developers and community are on top of things, and capable of fixing the protocol or protocol implementation when necessary.

Forks are when there are two competing blockchains - this is usually a bad thing.  Simple forks are often caused when there are protocol version conflicts, and the longer chain stops getting accepted by a set of nodes, who then branch into their own chain.  Forks are almost always a bad thing.

Blockchain rollbacks and re-orgs happen when someone 51% attacks the network, or for the first time with VRC, when devs decide to force a revert to a previous checkpoint.  Blockchain re-organizations (rollbacks) are VERY BAD.  They show that the network has NO orphan security, and that you very simply should not trust your money on that blockchain.



A fork is not a fork.  Anyone that says that has no idea what they are talking about, and you probably shouldn't believe anything else they clai

And, FFS... the big and red text doesn't make your point more valid - it just makes you look desperate.

I wonder if the merchants that took BTC when it got rolled back got reimbursed, oh.. yea.. ofc they dident. So PHZI, what scam coins and scam devs do you promote? Its pretty obvious you want the ability to steal and be malicious. Is this why you are trolling this forum, because society shuns you and your fucked up morals?
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July 24, 2014, 11:31:29 AM
 #11305

WOW PHZI PROMOTES THEFT NO WONDER HE TROLLS THIS FORUM, SOCIETY HAS SHUNNED HIM.
[/b]
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July 24, 2014, 11:34:45 AM
 #11306


[/quote]

I wonder if the merchants that took BTC when it got rolled back got reimbursed, oh.. yea.. ofc they dident. So PHZI, what scam coins and scam devs do you promote? Its pretty obvious you want the ability to steal and be malicious. Is this why you are trolling this forum, because society shuns you and your fucked up morals?
[/quote]

Do you have any proof their not getting reimbursed or are u just assuming?
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July 24, 2014, 11:35:53 AM
 #11307



Decentralized apps and smart contracts combined with digital currency are the future. See Ethereum, $3.5 million investment in 24 hours.

Yeah, I was about to mention the Ethereum IPO and other Blockchain 2.0 platforms such as Swarm & NXT. If VeriCoin does not become a Blockchain 2.0 organisation then it is a guaranteed failure, no ifs and no buts.

It really would be nice to know what the developers are planning going forward. All these roadmaps we had before, talks of this and that. And in the past few days, its like Patrick went silent on twitter ect, David never speaks, And Doug looks like he has been trying his hardest. We have a VeriCoin party in a few days right? Shouldn't we be building excitement, rather than fizzling out right now?



Can we have the vision laid out of whats going on by the devs? Where we are headed, whats in the pipeline of innovation? No hard deadlines are needed, The investors just need to know that there is a clear plan, and its being followed. Right now people are investing in vericoin for a lot of reasons. It would be great if people knew what they where investing in. Investing in the "mainstream" crypto is NOT working for us.

But just a general, who is vericoin, what are we, and where are we going would be EXTREMELY helpful.

They have to have building a Blockchain 2.0 platform in their roadmap and get it done fast, others will streamroller them if not. As you can see on http://coinmarketcap.com/ the 24hr daily volume for all alt coins is down drastically because of Ethereum, this downward slide in value will continue for Blockchain 1.0 coins.

You are quite right saying that the key is to get done the decentralized (blockchain 2) app fast. Also, I think the key is don't try to do too much like Etrhereum does because that dramatically slow down the process - just have a basic app that works, implement one feature (e.g a decentralized market place that uses VeriCoin) and do that feature well. That will be the winner.

Also, while the vericoin devs are incredible intelligent and smart, the history indicates that they don't always make the best decisions strategy wise (VeriBit, FIAT). EffectTocause said yesterday that they have a very good strategy regarding to the decentralized app, but I think it would be useful if they would to validate that strategy with the community, to have a dialogue whether the planned features do make sense. Barrabas was partly right saying that the devs have the young arrogance attitude, something like that this is their coin, they define the strategy, and that's it if you don't like sell your coin and fuck off. They are right in a certain extent and yes, we should fuck off and create our own blockchain 2 app if we don't like vericoin. This one way to tackle the issue. On the other hand if he devs need the community, the devs think that they need real money then always better to have dialogue about things, even about development strategies and with all members of the community including useless investors like myself who don't do anything useful like the all day long IRC chatters do just put some real money into vericoin.  
 
buy4crypto
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July 24, 2014, 11:46:34 AM
 #11308



Decentralized apps and smart contracts combined with digital currency are the future. See Ethereum, $3.5 million investment in 24 hours.

Yeah, I was about to mention the Ethereum IPO and other Blockchain 2.0 platforms such as Swarm & NXT. If VeriCoin does not become a Blockchain 2.0 organisation then it is a guaranteed failure, no ifs and no buts.

It really would be nice to know what the developers are planning going forward. All these roadmaps we had before, talks of this and that. And in the past few days, its like Patrick went silent on twitter ect, David never speaks, And Doug looks like he has been trying his hardest. We have a VeriCoin party in a few days right? Shouldn't we be building excitement, rather than fizzling out right now?



Can we have the vision laid out of whats going on by the devs? Where we are headed, whats in the pipeline of innovation? No hard deadlines are needed, The investors just need to know that there is a clear plan, and its being followed. Right now people are investing in vericoin for a lot of reasons. It would be great if people knew what they where investing in. Investing in the "mainstream" crypto is NOT working for us.

But just a general, who is vericoin, what are we, and where are we going would be EXTREMELY helpful.

They have to have building a Blockchain 2.0 platform in their roadmap and get it done fast, others will streamroller them if not. As you can see on http://coinmarketcap.com/ the 24hr daily volume for all alt coins is down drastically because of Ethereum, this downward slide in value will continue for Blockchain 1.0 coins.

You are quite right saying that the key is to get done the decentralized (blockchain 2) app fast. Also, I think the key is don't try to do too much like Etrhereum does because that dramatically slow down the process - just have a basic app that works, implement one feature (e.g a decentralized market place that uses VeriCoin) and do that feature well. That will be the winner.

Also, while the vericoin devs are incredible intelligent and smart, the history indicates that they don't always make the best decisions strategy wise (VeriBit, FIAT). EffectTocasuse said yesterday that they have a very good strategy regarding to the decentralized app, but I think it would be useful if they would to validate that strategy with the community, to have a dialogue whether the planned features do make sense. Barrabas was partly right saying that the devs have the young arrogance attitude, something like that this is their coin, they define the strategy, and that's it if you don't like sell your coin and fuck off. They are right in a certain extent and yes, we should fuck off and create our own blockchain 2 app if we don't like vericoin. This one way to tackle the issue. On the other hand if he devs need the community, the devs think that they need real money then always better to have dialogue about things, even about development strategies and with all members of the community including useless investors like myself who don't do anything useful like the all day long IRC chatters do just put some real money into vericoin.  
 

You hit several nails on the head. Everyone should be welcome as a customer, or in an investment. Telling anyone if they don't like it to sell, is a bit strange to me. If a customer said to me I don't like something, I would do my best to show them why they like something else I can do.

Telling people to go away, or sell is something I never understood. It sets a bad precedent in the minds of investors. One of the first things people research for a coin is the devs. If you hear a dev say he doesn't need money, and sell if you don't like it. You don't deploy new capital to that investment. Money is money, if there is better places to have money make money, then that's where it will go. Money doesn't have emotions. People do. I would love to support this coin, but if the goals are not clear and aggressively followed, my money is going to head to greener pastures. Just like a lot of the smarter money has apparently been doing already   Huh


Kevin O'Leary said it best.

"Here's how I think of my money - as soldiers - I send them out to war everyday. I want them to take prisoners and come home, so there's more of them."

A lot of investors think of money like this. If you do not care about the soldiers you are going to have problems with the people sending them out....

WHICH IS WHY WE HAVE NO BUYERS!!


I hope you guys get my point, we need to create value, and soon. Because this is a very bad thing that large sellers can't even get the liquidity and are crashing the price. And I hope you realize If I didn't think our dev team was one of, if not the best in the business I would have left a long time ago. These guys are brilliant, and able to adapt. We need to be better at what we do. And we will get better. This is worth fighting for... So let's please do what it takes to make it great!!!

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July 24, 2014, 12:13:18 PM
 #11309

Just a couple more points from a business perspective. From a "shark" that might help you realize, if we want to be on par with business, we have to think like one.

These 3 quotes are what I feel we are facing now. We can learn a bit from each of these to improve in the future.



"I have met many entrepreneurs who have the passion and even the work ethic to succeed - but who are so obsessed with an idea that they don't see its obvious flaws. Think about that. If you can't even acknowledge your failures, how can you cut the rope and move on?"


"I want to go to bed richer than when I woke up. The pursuit of wealth is a wonderful thing, but the thing is you have to be honest about it, you have to tell the truth."


"Business is war. I go out there, I want to kill the competitors. I want to make their lives miserable. I want to steal their market share. I want them to fear me and I want everyone on my team thinking we're going to win."



Quotes from Kevin O'Leary
http://www.brainyquote.com/quotes/authors/k/kevin_oleary.html

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altcoinUK
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July 24, 2014, 12:15:11 PM
 #11310



Decentralized apps and smart contracts combined with digital currency are the future. See Ethereum, $3.5 million investment in 24 hours.

Yeah, I was about to mention the Ethereum IPO and other Blockchain 2.0 platforms such as Swarm & NXT. If VeriCoin does not become a Blockchain 2.0 organisation then it is a guaranteed failure, no ifs and no buts.

It really would be nice to know what the developers are planning going forward. All these roadmaps we had before, talks of this and that. And in the past few days, its like Patrick went silent on twitter ect, David never speaks, And Doug looks like he has been trying his hardest. We have a VeriCoin party in a few days right? Shouldn't we be building excitement, rather than fizzling out right now?



Can we have the vision laid out of whats going on by the devs? Where we are headed, whats in the pipeline of innovation? No hard deadlines are needed, The investors just need to know that there is a clear plan, and its being followed. Right now people are investing in vericoin for a lot of reasons. It would be great if people knew what they where investing in. Investing in the "mainstream" crypto is NOT working for us.

But just a general, who is vericoin, what are we, and where are we going would be EXTREMELY helpful.

They have to have building a Blockchain 2.0 platform in their roadmap and get it done fast, others will streamroller them if not. As you can see on http://coinmarketcap.com/ the 24hr daily volume for all alt coins is down drastically because of Ethereum, this downward slide in value will continue for Blockchain 1.0 coins.

You are quite right saying that the key is to get done the decentralized (blockchain 2) app fast. Also, I think the key is don't try to do too much like Etrhereum does because that dramatically slow down the process - just have a basic app that works, implement one feature (e.g a decentralized market place that uses VeriCoin) and do that feature well. That will be the winner.

Also, while the vericoin devs are incredible intelligent and smart, the history indicates that they don't always make the best decisions strategy wise (VeriBit, FIAT). EffectTocasuse said yesterday that they have a very good strategy regarding to the decentralized app, but I think it would be useful if they would to validate that strategy with the community, to have a dialogue whether the planned features do make sense. Barrabas was partly right saying that the devs have the young arrogance attitude, something like that this is their coin, they define the strategy, and that's it if you don't like sell your coin and fuck off. They are right in a certain extent and yes, we should fuck off and create our own blockchain 2 app if we don't like vericoin. This one way to tackle the issue. On the other hand if he devs need the community, the devs think that they need real money then always better to have dialogue about things, even about development strategies and with all members of the community including useless investors like myself who don't do anything useful like the all day long IRC chatters do just put some real money into vericoin.  
 

You hit several nails on the head. Everyone should be welcome as a customer, or in an investment. Telling anyone if they don't like it to sell, is a bit strange to me. If a customer said to me I don't like something, I would do my best to show them why they like something else I can do.

Telling people to go away, or sell is something I never understood. It sets a bad precedent in the minds of investors. Money is money, if there is better places to have money make money, then that's where it will go. Money doesn't have emotions. People do. I would love to support this coin, but if the goals are not laid out and aggressively followed, my money is going to head to greener pastures. Just like a lot of the smarter money has apparently been doing already   Huh


Kevin O'Leary said it best.

"Here's how I think of my money - as soldiers - I send them out to war everyday. I want them to take prisoners and come home, so there's more of them."

A lot of investors think of money like this. If you do not care about the soldiers you are going to have problems with the people sending them out....

WHICH IS WHY WE HAVE NO BUYERS!!


I hope you guys get my point, we need to create value, and soon. Because this is a very bad thing that large sellers can't even get the liquidity and are crashing the price.

You are absolutely right. Everyone should have place in the community. Even for barbaric Russian investor like myself who don't care too much about price drops because invested for not day trade reasons so I support this project with my money because I have the luxury to have 100 BTCs hobbies like Vericoin, Viacoin, Ethereum, etc, investors like yourself who concerned about the price but still support this coin, people like socal who is a nice guy and enthusiast about the silver coin and leckey who don't like day traders but interested in the core concept of digital currencies.

It would be nice if the devs could find the right direction and focus on things that matter. I think the silver coin, regional representatives, VeriBit, FIAT don't matter, these aren't going to make people buy and more importantly use Vericoin. I think what matters is the decentralized app, that could be the key to why people would use vericoin.
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July 24, 2014, 12:50:03 PM
 #11311

Are the serious investors really worried about the price? This coin is only a few months old.... Bitcoin didn't shoot up to 8 billion marketcap in 2 months. Come on guys...
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July 24, 2014, 01:03:31 PM
 #11312

Are the serious investors really worried about the price? This coin is only a few months old.... Bitcoin didn't shoot up to 8 billion marketcap in 2 months. Come on guys...

you make me laugh, 99.9% alt coin has several days lifetime,  pump-> dump -> dead, or dump->dead

many people like compare bitcoin with altcoin, are you out of mind? even ltc is not in position to compare with btc, look the price of ltc . but I sincerely hope VRC is one of decent coins like drk xc bc
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July 24, 2014, 01:10:33 PM
 #11313

Are the serious investors really worried about the price? This coin is only a few months old.... Bitcoin didn't shoot up to 8 billion marketcap in 2 months. Come on guys...

you make me laugh, 99.9% alt coin has several days lifetime,  pump-> dump -> dead, or dump->dead

many people like compare bitcoin with altcoin, are you out of mind? even ltc is not in position to compare with btc, look the price of ltc .

I think you are not right, there is a place for alt coins, especially that implements a decentralized aka blockchain 2 feature. Bitcoin is great, but there is a market gap for coins that support smart contracts and decentralized apps.

And yes, 99% of the altcoins are P&D and will disappear, but vericoin that has a transparent dev team is in the 1% that have at least the chance to succeed. If the devs continue to develop the coin, if they develop the right feature then Vericoin will be fine. In the meantime price goes down and up, but that's the nature of this thing.
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July 24, 2014, 01:19:57 PM
 #11314

BTC Had a rollback in 2010 and look at it now, please people do not listen to the FUD Bobsurplus is spewing all over the forum. If you have concerns please post on Veritalk.info and get real anwsers if you would like to continue watching the FUD entertainment then please stay, I think I heard somewhere that FUD is sometimes good for a coin.. any thoughts ?
This is such bullshit...  You cannot compare the hard-fork that bitcoin devs and miners initiated to fix a PROTOCOL FLAW back in 2010 with VeriCoin dev's decision to bail out an exchange.

God...  some people are just so ignorant it's sad.   It's not FUD if it's true - it's a warning.

The community that fought for their coin and fought against the theft of $2 million dollars worth of investors money.

Hmmmm.....
You mean the community that was stupid enough to have 30% of a coin on one exchange? 
Rather than MintPal pay everyone back, they leaned on the devs to rollback the chain.  It is disgraceful that the devs even considered it - period.

They didn't do it to bail out an exchange. That was a symptom of the rollback, designed to save the coin from certain death. 7.5mill staking at time of attack vs 8 million stolen. Coin is dead if they don't roll back. There is an argument to "let it die then" on philosophical grounds, but they made the only decision possible for a coin with a $6million economy at the time.

So if you and your friends want to "spread the truth about vericoin" or whatever reason you choose to believe to validate you posting here every 2 minutes - spread the one I've just explained to you.
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July 24, 2014, 01:23:06 PM
 #11315

Are the serious investors really worried about the price? This coin is only a few months old.... Bitcoin didn't shoot up to 8 billion marketcap in 2 months. Come on guys...

you make me laugh, 99.9% alt coin has several days lifetime,  pump-> dump -> dead, or dump->dead

many people like compare bitcoin with altcoin, are you out of mind? even ltc is not in position to compare with btc, look the price of ltc . but I sincerely hope VRC is one of decent coins like drc xc bc

You make me laugh. Don't ever compare Vericoin to DRK, XC ,and BC. Seriously Blackcoin? what a joke of a name. I'm not even hating I just think its a funny name to begin with. As for DRK and XC they are going to target mainly criminals and it's going to give crypto a bad name.

It goes like this.

1. Bitcoin
2. Litecoin (maybe Vericoin)
3. Vericoin

You only need top three anything else after that doesn't matter.
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July 24, 2014, 01:32:00 PM
 #11316

I hope we don't see VRC in the LTC market soon  Cry

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July 24, 2014, 01:33:38 PM
 #11317

I hope we don't see VRC in the LTC market soon  Cry

In the LTC market lol. The imcompetance here is magic
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July 24, 2014, 01:39:41 PM
 #11318

I hope we don't see VRC in the LTC market soon  Cry

In the LTC market lol. The imcompetance here is magic

You're right! Losing a few thousand Euro in two weeks isn't very competent!

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July 24, 2014, 02:04:53 PM
 #11319

This is it! I don't understand, what VRC did so bad to get such doomed momentum. Anyway, it is a crypto world, where amazing gains and declines are evident. Badly developed coins, which even have no devs receive 100+ percent price grows. VRC is attacked by massive FUD. I am holding, what I have, be it going to near zero. I have no faith in day trading anymore, I am burned by those filthy actions around.
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July 24, 2014, 02:14:39 PM
 #11320

Well with the new price level I might suggest the devs start to deploy some more of their talent in another area.

I know Veripool was on the back burner when the vrc price was in the 5's but here now it makes more sense to put more resources into it.

A lot of people might not have extra btc around to support the price but they have a lot of hashing, we should take advantage of that.

I can say we again, as I started nibbling today at 17.  The risk/reward is starting to look very tempting to me and I assume many others.

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