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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1351013 times)
Monkeys
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July 25, 2014, 01:33:35 PM
 #11581

Of course the verification would be optional =p

As a buyer you could choose to conduct business with either VeriFied merchants, OR engage in anonymous transactions if that is what you wish.

You have options, that is key.

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July 25, 2014, 01:40:39 PM
 #11582

Miners: I ran some numbers for a 24 hour period mining the X11 algo at 14.5MH, and determined that I was 58% more profitable mining at pool.vericoin.info versus mining an X11 coin directly and converting it to VRC (24 VRC vs. 14 VRC).  Plus, it saves you the hassle of converting it at an exchange, and the fees to mine+exchange elsewhere are likely going to be more than the 2.5% VeriPool charges.

PS: Once I get a transaction reporting program written to parse through the wallet transactions, I'll have a more accurate picture over a longer period.  Unless someone knows of a "Quickbooks" for blockchains...

VRC: VMTMcvFjZHAshmVNLY5KYVHCTqcfEnH6Bd  SLR: 8W7D6D7rortYp51BK9MSrfripSoZWyVPVr  BTC: 1LbgAsTDtyWEGjiSaguJhJbaHBPgcMnHfP  BCC: 1Ta39PK67VXTD2xnmPNo5J9KJyBVHdYmy
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July 25, 2014, 02:09:38 PM
 #11583

If we have learned anything, please don't pressure the developers to come out and say "We are going to do this soon"

We are going to be right back in the same place with WizRIG 2.0


PLEASE DO NOT tell everyone what you are doing, outline a vision, that is great. competition can only gain from our improper planning and execution. Its all great to discuss ideas and give the team something to help the vision.. But please, please please, DO NOT repeat past mistakes!


The developers are learning, they may have aided pump and dump groups with the last campaign for awareness by telegraphing the plans so much. As you can see it created a temporary price spike, which in the end did nothing positive but to de-stabalize our currency and create a bad image for many investors.


The last things the developers should do is create large price swings up / down based on promises. As you can see promises can lead to let downs. And in crypto things can be forgotten, and some things can never be forgotten. I will never forget Wizrig and the trouble his pump and dump caused for many investors. If they show a effort to change, grow, and distance itself from pumpers / scammers like wizrig then I will feel much more confident. This is something that they can prove, by not catering to the pumpers and dumpers anymore. That time has long come and gone, we got burned, and hopefully lessons learned.


If they continue to let pump and dump groups control vericoin by announcing plans.. Well then you will have Wizrig, Crindon and the rest who will front load, promise the world, and then dissapear with grace. Why so graceful? Well more than likely we put 10s, if not hundreds of thousands in there pockets from this planned pump that started in June. Meanwhile, lil joe, sue, and mom n pops all over the world lost 20 bucks, a few hundred, a couple thousand. All to make the pumpers profit.. Think about it. This coin has a bright future, stop letting it be controlled by people playing games.

Just look at the manipulation on VRC, you can see the same bot on trex / cryptsy doing "777" buys and sells. They are just arbitraging the shit out of it by creating large swings in price, and have been for a long time. This person just skims btc off VRC constantly, with no loss since they are spread across exchanges making only profitable buys / sells. That creates a constant sell pressure. Small players are not making bots on multiple exchanges with that kind of purse behind it. Someone is got this coin by the balls right now, and we need separation.

Let's take control back of VRC, no more catering to PnD's PLEASE!

While I absolutely and understand this point. I have to say that the basically complete lack of communication and input from the developers during these times is very disappointing.

Like I've said, I'm not asking for the developers to come in here and make huge announcements that will "save the day". But, if they would at least engage in discussion and give feedback on new ideas and future developments, that would be beneficial.

Let's get involved in this process. Everyone. Nobody here is superior to any other. If you have a good idea the developers should entertain that idea. Simple as that.

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July 25, 2014, 02:17:42 PM
 #11584

i think they have been told not to say anything…after their wall st meeting., so i can only guess
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July 25, 2014, 02:34:26 PM
 #11585

i think they have been told not to say anything…after their wall st meeting., so i can only guess

I agree with what you are doing Monkey, you got people on the right track. Keep on keeping on. I just wanted to make sure I made that point. If we learn and grow as a coin, it shows a lot about our future. If its "no biggy", and goes on and on, then we are doomed. So far I think the developers are learning on the go, as any team would 2 months into a project. To think our game plan was executed well in hindsight would be kidding ourselves.

You see, this conversation would have never started if we where sitting under wizrigs control of "parties" and "big surprises guys". Everyone would not be forced into action, as GIFS of moons would be all over the place. Its a damn good thing the devs learn quick and stopped putting out news/promises every time the price was at a point where it was trying to give a healthy correction. All it did was lead to dissapointment that was leading back to levels we should honestly be trading at, at this time, if not lower IMO due our lack of execution.

We need some time to let the day traders off, to let the devs make a SOLID plan, don't rush a statement saying YES! thats what we want, now buy, because its a good investment! I don't want to hear that shit. I want to have them say things like, our vision for vericoin, and how we are going to get there. Start with small steps and get to the big stuff, A key is organizing the community, like many have suggested for a while now. We have a lot of talented people who can help in many ways. The less pump and dumpers we have, and the more investors, the more services / grassroots effort you will see to promote the coin. These people are the ones who will hold and create for vericoin till the end. Bringing on pump and dumpers = 1 thing... No effort, for maximum profits, at the cost of longterm shareholders creating value.

That's just my piece on this subject Smiley It surely is just one opinion, everyone is welcome to their own.

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July 25, 2014, 02:40:49 PM
 #11586

i think they have been told not to say anything…after their wall st meeting., so i can only guess

Do not recall them saying that. It would be silly to talk about a business meeting unless action is to be taken immediately. It was a bit foolish to announce it in the first place IMO. To now speculate they are being quite because of a big Wallstreet meeting is a bit optimistic. I believe in one of the last hangouts Patrick mentioned they talked to them, said what they had to say about Vericoin, and the rest was up to them.

Its been a while since I seen that, so if this is untrue someone can please correct me.

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July 25, 2014, 02:44:22 PM
 #11587

i think they have been told not to say anything…after their wall st meeting., so i can only guess

Do not recall them saying that. It would be silly to talk about a business meeting unless action is to be taken immediately. It was a bit foolish to announce it in the first place IMO. To now speculate they are being quite because of a big Wallstreet meeting is a bit optimistic. I believe in one of the last hangouts Patrick mentioned they talked to them, said what they had to say about Vericoin, and the rest was up to them.

Its been a while since I seen that, so if this is untrue someone can please correct me.


Edit: they cannot really talk about it, was the words i remember..
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July 25, 2014, 02:47:02 PM
 #11588

I like the system with higher stake

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buy4crypto
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July 25, 2014, 02:47:17 PM
 #11589

i think they have been told not to say anything…after their wall st meeting., so i can only guess

Do not recall them saying that. It would be silly to talk about a business meeting unless action is to be taken immediately. It was a bit foolish to announce it in the first place IMO. To now speculate they are being quite because of a big Wallstreet meeting is a bit optimistic. I believe in one of the last hangouts Patrick mentioned they talked to them, said what they had to say about Vericoin, and the rest was up to them.

Its been a while since I seen that, so if this is untrue someone can please correct me.


Edit: they cannot really talk about it, was the words i remember..


Well yeah. But that can mean for many reasons. Good and Bad. Can't assume anything really that comes from a message about a big Wallstreet meeting, that was put out with fantastic timing to keep people pumping money in. A picture of a building, and then saying they can't talk about it. Also, the big VeriCoin investor who wanted to buy 100k out of no where. All about the same time WizRig was pumping this. Just be careful to assume everything is going peachy so far, execution has been pretty poor, promises have been great though.

Tell me you where not more excited for Fiat than this? It sounded great, until it got here. Its a broken link for many people that got released 2+ weeks after it was supposed to launch. Hardly overwhelming.

I think the first real idea is VeriCoin using verification. This is the thing that should be craddled, and passionately thought about and debated. Not rushed.

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July 25, 2014, 02:52:42 PM
 #11590

i think they have been told not to say anything…after their wall st meeting., so i can only guess

Do not recall them saying that. It would be silly to talk about a business meeting unless action is to be taken immediately. It was a bit foolish to announce it in the first place IMO. To now speculate they are being quite because of a big Wallstreet meeting is a bit optimistic. I believe in one of the last hangouts Patrick mentioned they talked to them, said what they had to say about Vericoin, and the rest was up to them.

Its been a while since I seen that, so if this is untrue someone can please correct me.


Edit: they cannot really talk about it, was the words i remember..


Well yeah. But that can mean for many reasons. Good and Bad. Can't assume anything really that comes from a message about a big Wallstreet meeting, that was put out with fantastic timing to keep people pumping money in. A picture of a building, and then saying they can't talk about it. Also, the big VeriCoin investor who wanted to buy 100k out of no where. All about the same time WizRig was pumping this. Just be careful to assume everything is going peachy so far, execution has been pretty poor, promises have been great though.

Tell me you where not more excited for Fiat than this? It sounded great, until it got here. Its a broken link for many people that got released 2+ weeks after it was supposed to launch. Hardly overwhelming.

I think the first real chance if VeriCoin using verification. This is the thing that should be craddled, and passionately thought about and debated. Not rushed.
yeah.. i had expected a lot more with fiat/vrc wallet..Sad
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July 25, 2014, 03:07:59 PM
 #11591

yeah.. i had expected a lot more with fiat/vrc wallet..Sad

Well the Fiat/vrc in wallet sounds great.

but this implementation brings nothing in the end.
It's just a link to a Website.

Let's not sugar coat it. The fiat wallet implementation is a massive disappointment...

Where are the devs?? Helloooooo?

Don't tell me they're not reading this..

Fuck it. I'm starting my own coin.

Who's with me?

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July 25, 2014, 03:10:49 PM
 #11592

Hi,all
I can't sync my wallet.

打倒一切祸害国家的牛鬼蛇神
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July 25, 2014, 03:14:21 PM
 #11593

yeah.. i had expected a lot more with fiat/vrc wallet..Sad

Well the Fiat/vrc in wallet sounds great.

but this implementation brings nothing in the end.
It's just a link to a Website.

Let's not sugar coat it. The fiat wallet implementation is a massive disappointment...

Where are the devs?? Helloooooo?

Don't tell me they're not reading this..

Fuck it. I'm starting my own coin.

Who's with me?
you can only link dots looking backwards.. these guys are smart (tho naive), they would know that that fiat wallet was crap and they risked looking dumb releasing that, so i can only guess, there must be something coming out, and it's all linked together ~ this downtrend, the silence. they can't be that dumb. i'm not being overly optimistic, just my gut. why try so much to save a coin from hackers to let it fall to nothing? IMHO
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July 25, 2014, 03:14:56 PM
 #11594

yeah.. i had expected a lot more with fiat/vrc wallet..Sad

Well the Fiat/vrc in wallet sounds great.

but this implementation brings nothing in the end.
It's just a link to a Website.

We where saying, at least I was for weeks how innovative it was going to be as I was lead to believe from the promises. Essentially we where saying that we innovated this. It ended up to be nothing more innovative than the forum link that has been in the wallet for weeks.

We created this lofty expectation, and then we underwhelmed people. It was no wonder the price came down. I think this is a trend that can be reversed with a serious shift in strategy to better use strengths of the community. The backbone of Vericoin is the community. The one that went through hell and back, the devs who led us out of that time, and those who wish to make this a positive.

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pnosker
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July 25, 2014, 03:15:41 PM
 #11595

yeah.. i had expected a lot more with fiat/vrc wallet..Sad

Well the Fiat/vrc in wallet sounds great.

but this implementation brings nothing in the end.
It's just a link to a Website.

Let's not sugar coat it. The fiat wallet implementation is a massive disappointment...

Where are the devs?? Helloooooo?

Don't tell me they're not reading this..

Fuck it. I'm starting my own coin.

Who's with me?

I'm not sure how many times we need to say this, but we were aiming to make a direct CC FIAT/VRC system however due to the fact that we are all in the USA and require FINCED compliance as well as other legal compliance we couldn't do that.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
buy4crypto
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July 25, 2014, 03:15:59 PM
 #11596

Hi,all
I can't sync my wallet.

what version are you on, and windows, mac, linux?

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pnosker
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July 25, 2014, 03:17:12 PM
 #11597

yeah.. i had expected a lot more with fiat/vrc wallet..Sad

Well the Fiat/vrc in wallet sounds great.

but this implementation brings nothing in the end.
It's just a link to a Website.

We where saying, at least I was for weeks how innovative it was going to be as I was lead to believe from the promises. Essentially we where saying that we innovated this. It ended up to be nothing more innovative than the forum link that has been in the wallet for weeks.

We created this lofty expectation, and then we underwhelmed people. It was no wonder the price came down. I think this is a trend that can be reversed with a serious shift in strategy to better use strengths of the community. The backbone of Vericoin is the community. The one that went through hell and back, the devs who led us out of that time, and those who wish to make this a positive.

I completely agree. We have a great community and we need it to help VeriCoin thrive. Bitcoin core developers do very little compared to the community. The same goes for the LTC core devs, and Doge core devs. It's all about the community.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
onsightit
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July 25, 2014, 03:46:37 PM
 #11598

Comments on VeriCoin from an academic economist:

http://www.reddit.com/r/vericoin/comments/2bop8l/comments_on_vericoin_from_an_academic_economist/

Interesting theory on staking with a variable interest rate. It may have saved VeriCoin...

VRC: VMTMcvFjZHAshmVNLY5KYVHCTqcfEnH6Bd  SLR: 8W7D6D7rortYp51BK9MSrfripSoZWyVPVr  BTC: 1LbgAsTDtyWEGjiSaguJhJbaHBPgcMnHfP  BCC: 1Ta39PK67VXTD2xnmPNo5J9KJyBVHdYmy
pi933
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July 25, 2014, 03:48:45 PM
 #11599

I'm not sure how many times we need to say this, but we were aiming to make a direct CC FIAT/VRC system however due to the fact that we are all in the USA and require FINCED compliance as well as other legal compliance we couldn't do that.

Don't sit on this just thinking it's too hard to pull off (not suggesting you are...). Get the ball rolling now and knock out the obstacles as they come, even slowly will do. It'll get done and be a huge feature. The masses need this to be as simple as possible,
onsightit
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July 25, 2014, 03:58:37 PM
 #11600

More exposure today for VeriCoin: http://www.cryptocoinsnews.com/news/vericoin-review-unique-coin-decentralized-pos/2014/07/25

VRC: VMTMcvFjZHAshmVNLY5KYVHCTqcfEnH6Bd  SLR: 8W7D6D7rortYp51BK9MSrfripSoZWyVPVr  BTC: 1LbgAsTDtyWEGjiSaguJhJbaHBPgcMnHfP  BCC: 1Ta39PK67VXTD2xnmPNo5J9KJyBVHdYmy
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