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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346477 times)
buy4crypto
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July 25, 2014, 03:16:41 AM
 #11501


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 =)

Anyone care to discuss?

Here's the thing: Whenever there's a dump, some vociferous people will inevitably shout for the devs to come out and somehow make some magical announcement that would turn the wave on the opposite direction.

These devs not only speak often but actually speak too much. Between hangouts, twitter, (presumably) IRC, the other outlets and this forum, one has to think there's practically no time in the 24 hours to do any actual work, let alone planning, meeting etc, especially in the case of Patrick and Doug. And that doesn't include interviews with media or meetings with potential business associates/partners. It also produces emotional, hurried postings that, in many cases, are or can be quite detrimental to the progress of the project, making statements not carefully thought of and/or to rightfully written.

The shouts from the forums, obviously put unnecessary -if inevitable- pressure on them. And, perhaps -it seems it is what happens- making decisions that are counter to the path that VRC should pursue. Everyone seems to be willing to pay a premium in crypto for the latest version of anon. Still. It is ridiculous but it is a fact. So, all of a sudden, Doug announces that they are working on an anon feature when we have all been informed, many times over, that anon is not a priority for VRC. Like I said, it has all the looks of being something hurried to try and stop the dumping. And that would be very unnecessary and, again, counter productive in the long run.

I posted before that the devs must cater to the stake holders of the coin that are the ones that have and are and will continue supporting the project. Not the people that will shout every time there's a sell off. And they should talk much less and do much more. Not necessarily features, but planning,  preparing meetings, preparing interviews, devising strategies -which they should bring here so the stakeholders could debate them-, preparing (much better) the hang outs, etc.

You, and many -I'd venture a huge majority-, and me could care less about anonymity. As a matter of fact, you and me find it counterproductive for the image and final purpose of this coin. But I understand they feel pushed to implement it to try and revert the humongous dump... but lets go, again, to the dump: It isn't their  fault. It isn't a consequence of the rollback. It isn't anything that could or should be stopped. It just happened because, at this point in time, not many new money is coming in and many people that had heavy gains, sold to invest in some promising new coins. As simplke as that. But worse decline in terms of % of "loss" has been had in the same period of time by other coins not perceived as especially volatile, such as NAUT, PC or BC to mention only three of them. In those cases -and there will be others in the future- the devs should only say they know of no reason for the sell off and get back to work. That should be calming enough for the stakeholders. And some will panic and sell and some others will do the opposite. Rinse and repeat. It is a constant in crypto and it is not going to change much in the relatively near future.

Now, regarding your idea of VERIFICATION, I cannot possibly be more IN SUPPORT of it. It goes, totally, with the image and the philosophy Vericoin should stand for. Thank you for suggesting it and, hopefully, the majority of stakeholders will support it and the devs would decide to implement it yesterday.

Keep bringing them on, please.


I think verification options in Vericoin would = game changer. Merchants could have no network fees, and we don't need them for customer to merchant transactions because the volume of people holding to stake should support the network regardless being POS and all. Something a POW coin might struggle with after initial coin loss. A POW coin would fail to meet its goal giving away network capacity without support. This is a key area for a POS coin to take the lead.

Possibly the best Idea in crypto I have heard in a long time. It also happens to be a identity that Vericoin fits well into.

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July 25, 2014, 03:17:03 AM
 #11502

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.
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July 25, 2014, 03:18:23 AM
 #11503

Good call, ignored both of those trolls (bobsurplus and phzi). It is so blatantly obvious when people have a monetary agenda and just spam the same crap over and over like puppets.

You can get the latest list of fudders here so that you do not have to listen to the nonsense.
http://www.vericoinish.com/index.php/blog/the-fud-list

Needs more, SkyValeey  keshuker  mrkavasaki  ItsNotMe

I don't agree with barabbas being on that list though, there are people who you can disagree with but understand they are not FUD slingers, just different opinion havers ('smoothie' another example imo).



I second that, Barabbas has actually been quite insightful lately and has shown willingness to give constructive criticism.  I have actually enjoyed reading what is said lately compared to oh so many pages ago.  Honestly had you on my ignore list early on.
PUMPBANDIT
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July 25, 2014, 03:21:26 AM
 #11504

Quote
You should not use BS. Ever. In public.

O come on babs, Man you crack me up with some of the shit you come up with.

Ebay owns paypal in case you didn't know either guys.

Veribay anybody? Grin
Monkeys
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July 25, 2014, 03:22:40 AM
 #11505


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?

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
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July 25, 2014, 03:32:48 AM
 #11506


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
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July 25, 2014, 03:35:24 AM
 #11507

i wonder whatever happened to coine smith?
Monkeys
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July 25, 2014, 03:37:18 AM
 #11508

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

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July 25, 2014, 03:37:44 AM
 #11509

That's exactly what I was thinking. I remember him too. He was alright ol' coine.
talk about winding back the VRC clock their.
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July 25, 2014, 03:44:33 AM
 #11510

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
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July 25, 2014, 03:46:39 AM
 #11511

yeah grandpa  Cheesy

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
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July 25, 2014, 04:23:39 AM
 #11512

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?

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 25, 2014, 04:29:20 AM
 #11513

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
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July 25, 2014, 04:30:07 AM
 #11514

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!
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July 25, 2014, 04:30:16 AM
 #11515

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.
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July 25, 2014, 04:31:45 AM
 #11516

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
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July 25, 2014, 04:32:36 AM
 #11517

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
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July 25, 2014, 04:35:25 AM
 #11518

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.
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July 25, 2014, 04:37:30 AM
 #11519

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.
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July 25, 2014, 04:40:55 AM
 #11520

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

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