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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346471 times)
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July 27, 2014, 03:22:51 AM
 #11721

What's the next milestone for VRC?

Hodlers living in boxes.  Tongue

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July 27, 2014, 03:23:13 AM
 #11722

any selloff due to rollback decision was due to chumps giving into the fud articles published in the media from other sources(competitor coins). all of which have now suffering markets with no new development and are just bashing vericoin to join their club of crash. vericoin has no reason to have a problem as status is before the coins were hacked off mintpal.

who in the world would speak against a rollback that takes back stolen coins from thieves anyway?? LOL

we have saying here: "Thief from thief make the Gods laugh"


thiefs stole money, money was stolen back.. now you work for nothing hacking and stealing coins. GOOD!

vericoin i must say is currently one of if not THE MOST innovative currency with the greatest investment potential in cryptomarket. such dedicated and talented Devs. you really cant ask for more.. or you can go try your luck with the sea of shitcoins and their pump n dump schemes, their 51% hash exploits that dump on everyone else because they preplanned the whole thing.. or blackcoin manipulated market that noone is really interested in anymore. you have vericoin. dev's are known and deliver innovation after innovation. ive seen blackcoin doing so much new development and noone cares, really, they could promise a million dollar house to buy blackcoin and still get dumped lol. i also know the reason why merchants arent interested in their coin and it has to do with the foundation itself.

While I completely support the rollback decision and applaud the devs for handling it so so well. I must say that since then I've been very disappointed with new developments.

My thinking is that either the devs are in way over their heads with this and are struggling to keep up with promises and expectations, or that they actually want to see the price drop even further before building it back up with some new announcements and new developments.

Either outcome is not a great sign, but I hope it is the former and they can get back on track in due time =)


What exactaly are they (the devs) not delivering on? Everything they have stated, they have delivered. Everything.
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July 27, 2014, 03:28:04 AM
 #11723



What's the next milestone for VRC?

my opinion is that this coin is already self sustaining and the dev team has demonstrated that they are willing to do what it takes to protect their investors. i would say an aggressive marketing campaign to spread the word about vericoin. more articles accentuating vericoin developments and delivery so far. let the other coins try to demonstrate what they have to compete with that. blackcoin is out of the competition though. wouldnt even buy it if i heard about a pump beginning. just trade/invest, use vericoin services and if you run into problem you know you have a competent dev team that will fix any problems that prop up once reported by the community. that's what i call a crypto-currency!

most other coins are just speculative and have those so greedy they will do whatever they think will help to manipulate the market in their favour. but vericoin is a worthy investment. these guys have always delivered exciting stuff for the community and i wouldnt be surprised if we will see more later on.

You probably haven'ty heard the last coming from casa Blackcoin: They are about to hire a new marketeer... as some of the fan-boys are beginning to claim that either or both IconicExpert and Wizrig/Joel Bosch, come back.

I am sure though you have heard about the $32k they spent in hiring the Max Borgess Agency to do PR for them... so far -two months into the 3 month contract-, The Agency has produced a second-level employee Q&A with the fanboys in Reddit, 2 press releases and one article in a newspaper, i believe. People in crypto have been known to have gone to hospitals with seizures due to uncontrollable laughter about the subject...
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July 27, 2014, 03:35:55 AM
 #11724



What's the next milestone for VRC?

my opinion is that this coin is already self sustaining and the dev team has demonstrated that they are willing to do what it takes to protect their investors. i would say an aggressive marketing campaign to spread the word about vericoin. more articles accentuating vericoin developments and delivery so far. let the other coins try to demonstrate what they have to compete with that. blackcoin is out of the competition though. wouldnt even buy it if i heard about a pump beginning. just trade/invest, use vericoin services and if you run into problem you know you have a competent dev team that will fix any problems that prop up once reported by the community. that's what i call a crypto-currency!

most other coins are just speculative and have those so greedy they will do whatever they think will help to manipulate the market in their favour. but vericoin is a worthy investment. these guys have always delivered exciting stuff for the community and i wouldnt be surprised if we will see more later on.

You probably haven'ty heard the last coming from casa Blackcoin: They are about to hire a new marketeer... as some of the fan-boys are beginning to claim that either or both IconicExpert and Wizrig/Joen Bosch, come back.

I am sure though you have heard about the $32k they spent in hiring the Max Borgess Agency to do PR for them... so far -two months into the 3 month contract-, The Agency has produced a second-level employee Q&A with the fanboys in Reddit, 2 press releases and one article in a newspaper, i believe. People in crypto have been known to have gone to hospitals with seizures due to uncontrollable laughter about the subject...

and still it has done nothing to spark interest and merchants still arent interested. i was part of blackcoin very early 800satoshi region. i saw everything that happened and i saw the community self destruct into turmoil and very nasty behaviour. at the time i had arranged a merchant that would provide ability to purchase from amazon.com using blackcoin (30k satoshi point)and the merchant after observing the community wanted nothing to do with them. it was a great disappointment. all that money for max borges.. wasted.. i got out at 30k, never looked back.

also as much as i supported Iconic Expert in the early days, i have seen another side of him that has turned me off supporting him permanently so i see no way that even his return will help blackcoin. they just wrecked too many chances due to various manipulation schemes. no competition to vericoin.

if u missed it, u should catch up on the contents of this thread. donations provided to iconic by people who had faith in him, all betrayed as he siezed their donations and went shopping with it instead of refunding them. disgusting!

https://bitcointalk.org/index.php?topic=645899.0

as far as im concerned they could hire the sun the moon and the stars.. still wont help. prove me wrong.

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July 27, 2014, 03:38:37 AM
 #11725

any selloff due to rollback decision was due to chumps giving into the fud articles published in the media from other sources(competitor coins). all of which have now suffering markets with no new development and are just bashing vericoin to join their club of crash. vericoin has no reason to have a problem as status is before the coins were hacked off mintpal.

who in the world would speak against a rollback that takes back stolen coins from thieves anyway?? LOL

we have saying here: "Thief from thief make the Gods laugh"


thiefs stole money, money was stolen back.. now you work for nothing hacking and stealing coins. GOOD!

vericoin i must say is currently one of if not THE MOST innovative currency with the greatest investment potential in cryptomarket. such dedicated and talented Devs. you really cant ask for more.. or you can go try your luck with the sea of shitcoins and their pump n dump schemes, their 51% hash exploits that dump on everyone else because they preplanned the whole thing.. or blackcoin manipulated market that noone is really interested in anymore. you have vericoin. dev's are known and deliver innovation after innovation. ive seen blackcoin doing so much new development and noone cares, really, they could promise a million dollar house to buy blackcoin and still get dumped lol. i also know the reason why merchants arent interested in their coin and it has to do with the foundation itself.

While I completely support the rollback decision and applaud the devs for handling it so so well. I must say that since then I've been very disappointed with new developments.

My thinking is that either the devs are in way over their heads with this and are struggling to keep up with promises and expectations, or that they actually want to see the price drop even further before building it back up with some new announcements and new developments.

Either outcome is not a great sign, but I hope it is the former and they can get back on track in due time =)


What exactaly are they (the devs) not delivering on? Everything they have stated, they have delivered. Everything.

The new website and a proper fiat wallet implementation just to name two. The involvement at the conference in Chicago was also overhyped imo.. I'm also dissapointed that they basically refuse to engage in discussion in this forum.

I'm invested in Vericoin too, I want it to succeed. But I'm wondering if I (and others here) are delusional about just how competent or dedicated the devs really are.

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 27, 2014, 03:49:38 AM
 #11726

any selloff due to rollback decision was due to chumps giving into the fud articles published in the media from other sources(competitor coins). all of which have now suffering markets with no new development and are just bashing vericoin to join their club of crash. vericoin has no reason to have a problem as status is before the coins were hacked off mintpal.

who in the world would speak against a rollback that takes back stolen coins from thieves anyway?? LOL

we have saying here: "Thief from thief make the Gods laugh"


thiefs stole money, money was stolen back.. now you work for nothing hacking and stealing coins. GOOD!

vericoin i must say is currently one of if not THE MOST innovative currency with the greatest investment potential in cryptomarket. such dedicated and talented Devs. you really cant ask for more.. or you can go try your luck with the sea of shitcoins and their pump n dump schemes, their 51% hash exploits that dump on everyone else because they preplanned the whole thing.. or blackcoin manipulated market that noone is really interested in anymore. you have vericoin. dev's are known and deliver innovation after innovation. ive seen blackcoin doing so much new development and noone cares, really, they could promise a million dollar house to buy blackcoin and still get dumped lol. i also know the reason why merchants arent interested in their coin and it has to do with the foundation itself.

While I completely support the rollback decision and applaud the devs for handling it so so well. I must say that since then I've been very disappointed with new developments.

My thinking is that either the devs are in way over their heads with this and are struggling to keep up with promises and expectations, or that they actually want to see the price drop even further before building it back up with some new announcements and new developments.

Either outcome is not a great sign, but I hope it is the former and they can get back on track in due time =)


What exactaly are they (the devs) not delivering on? Everything they have stated, they have delivered. Everything.

The new website and a proper fiat wallet implementation just to name two. The involvement at the conference in Chicago was also overhyped imo.. I'm also dissapointed that they basically refuse to engage in discussion in this forum.

I'm invested in Vericoin too, I want it to succeed. But I'm wondering if I (and others here) are delusional about just how competent or dedicated the devs really are.

I am sure doug,nos are trying their best, a developers work is tedious and things almost never go rite the first time out the gate, thats why when they work they work through different environments. Development, Phase 2, then they deploy to pruduction which is us when almost perfect
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July 27, 2014, 03:56:55 AM
 #11727

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....

As for the new website, it's coming dude just chill out. Three guys with day jobs and families/lives can't do everything you want when you want it. I wonder how many Bitcoin adopters were screaming about direct FIAT/wallet purchasing and a new BTC website three months or so after it was released...oh wait here we are about 5 yrs down the road and BTC STILL DOES NOT have the fiat/wallet feature? hmmmmmmmm they are obviously a scam with devs that dont care and want to drive the price down then...... Roll Eyes
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July 27, 2014, 04:00:12 AM
 #11728

any selloff due to rollback decision was due to chumps giving into the fud articles published in the media from other sources(competitor coins). all of which have now suffering markets with no new development and are just bashing vericoin to join their club of crash. vericoin has no reason to have a problem as status is before the coins were hacked off mintpal.

who in the world would speak against a rollback that takes back stolen coins from thieves anyway?? LOL

we have saying here: "Thief from thief make the Gods laugh"


thiefs stole money, money was stolen back.. now you work for nothing hacking and stealing coins. GOOD!

vericoin i must say is currently one of if not THE MOST innovative currency with the greatest investment potential in cryptomarket. such dedicated and talented Devs. you really cant ask for more.. or you can go try your luck with the sea of shitcoins and their pump n dump schemes, their 51% hash exploits that dump on everyone else because they preplanned the whole thing.. or blackcoin manipulated market that noone is really interested in anymore. you have vericoin. dev's are known and deliver innovation after innovation. ive seen blackcoin doing so much new development and noone cares, really, they could promise a million dollar house to buy blackcoin and still get dumped lol. i also know the reason why merchants arent interested in their coin and it has to do with the foundation itself.

While I completely support the rollback decision and applaud the devs for handling it so so well. I must say that since then I've been very disappointed with new developments.

My thinking is that either the devs are in way over their heads with this and are struggling to keep up with promises and expectations, or that they actually want to see the price drop even further before building it back up with some new announcements and new developments.

Either outcome is not a great sign, but I hope it is the former and they can get back on track in due time =)


What exactaly are they (the devs) not delivering on? Everything they have stated, they have delivered. Everything.

The new website and a proper fiat wallet implementation just to name two. The involvement at the conference in Chicago was also overhyped imo.. I'm also dissapointed that they basically refuse to engage in discussion in this forum.

I'm invested in Vericoin too, I want it to succeed. But I'm wondering if I (and others here) are delusional about just how competent or dedicated the devs really are.

Proper Fiat implementation? Thy has said long ago, it would be via Moolah initially , and they provided that. Who over Hyped Chicago? You? Me? The dev's dident. They dont refuse to engage in discussion here, I have had multiple questions answered by the devs here in this very forum.
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July 27, 2014, 04:03:47 AM
 #11729

any selloff due to rollback decision was due to chumps giving into the fud articles published in the media from other sources(competitor coins). all of which have now suffering markets with no new development and are just bashing vericoin to join their club of crash. vericoin has no reason to have a problem as status is before the coins were hacked off mintpal.

who in the world would speak against a rollback that takes back stolen coins from thieves anyway?? LOL

we have saying here: "Thief from thief make the Gods laugh"


thiefs stole money, money was stolen back.. now you work for nothing hacking and stealing coins. GOOD!

vericoin i must say is currently one of if not THE MOST innovative currency with the greatest investment potential in cryptomarket. such dedicated and talented Devs. you really cant ask for more.. or you can go try your luck with the sea of shitcoins and their pump n dump schemes, their 51% hash exploits that dump on everyone else because they preplanned the whole thing.. or blackcoin manipulated market that noone is really interested in anymore. you have vericoin. dev's are known and deliver innovation after innovation. ive seen blackcoin doing so much new development and noone cares, really, they could promise a million dollar house to buy blackcoin and still get dumped lol. i also know the reason why merchants arent interested in their coin and it has to do with the foundation itself.

While I completely support the rollback decision and applaud the devs for handling it so so well. I must say that since then I've been very disappointed with new developments.

My thinking is that either the devs are in way over their heads with this and are struggling to keep up with promises and expectations, or that they actually want to see the price drop even further before building it back up with some new announcements and new developments.

Either outcome is not a great sign, but I hope it is the former and they can get back on track in due time =)


What exactaly are they (the devs) not delivering on? Everything they have stated, they have delivered. Everything.

The new website and a proper fiat wallet implementation just to name two. The involvement at the conference in Chicago was also overhyped imo.. I'm also dissapointed that they basically refuse to engage in discussion in this forum.

I'm invested in Vericoin too, I want it to succeed. But I'm wondering if I (and others here) are delusional about just how competent or dedicated the devs really are.

Proper Fiat implementation? Thy has said long ago, it would be via Moolah initially , and they provided that. Who over Hyped Chicago? You? Me? The dev's dident. They dont refuse to engage in discussion here, I have had multiple questions answered by the devs here in this very forum.

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July 27, 2014, 04:04:26 AM
 #11730

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....

As for the new website, it's coming dude just chill out. Three guys with day jobs and families/lives can't do everything you want when you want it. I wonder how many Bitcoin adopters were screaming about direct FIAT/wallet purchasing and a new BTC website three months or so after it was released...oh wait here we are about 5 yrs down the road and BTC STILL DOES NOT have the fiat/wallet feature? hmmmmmmmm they are obviously a scam with devs that dont care and want to drive the price down then...... Roll Eyes

I'm not saying this is a scam coin or anything like that.. Don't be silly.

It's disappointing that the proper research in to exactly what would be required to implement the proper FIAT wallet wasn't done before announcing it as a feature.

I actually have an idea for how to implement the FIAT wallet without FINCen licensing. I'm not sure if it is exactly legal, but there is a way it could be done I believe.

I'm done with posting my ideas here and sending them to the devs and getting no response though.. If they want to hear it they can respond to my PMs..

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Coinler
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July 27, 2014, 04:06:38 AM
 #11731

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
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July 27, 2014, 04:10:41 AM
 #11732

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
If you implement credit to crypto, you're going to get defrauded left, right, and center...  I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money.
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July 27, 2014, 04:12:04 AM
 #11733

In regards to fiat purchases of VRC, you dont even need to use moolah. You can buy BTC on Cryptsy with fiat Cryptsy is FinCEN licensed, then buy VRC. Infact you can buy 100's of alts there (if you chose to with fiat), somthing that no other US based exchange has that I am aware of.
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July 27, 2014, 04:13:03 AM
 #11734

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
If you implement credit to crypto, you're going to get defrauded left, right, and center...  I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money.

Why exactly would that be?

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Coinler
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July 27, 2014, 04:13:45 AM
 #11735

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
If you implement credit to crypto, you're going to get defrauded left, right, and center...  I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money.

please explain more exactly how this defrauding will occur in your view?
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July 27, 2014, 04:15:44 AM
 #11736

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
If you implement credit to crypto, you're going to get defrauded left, right, and center...  I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money.
Why exactly would that be?
Uh, what part he's missing, I couldn't tell you. But, performing an irreversible transaction (e.g. sending crypto) on the basis of payment via a reversible medium (e.g. credit card) is about as dumb as it gets in taking payments?

Although... maybe VRC devs will just offer rollbacks of the blockchain to reverse fraudulent VRC purchases with credit cards.  hahaha... ya.... *sigh*

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
If you implement credit to crypto, you're going to get defrauded left, right, and center...  I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money.

please explain more exactly how this defrauding will occur in your view?
You've heard of credit card fraud before... right?
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July 27, 2014, 04:15:55 AM
 #11737

In regards to fiat purchases of VRC, you dont even need to use moolah. You can buy BTC on Cryptsy with fiat Cryptsy is FinCEN licensed, then buy VRC. Infact you can buy 100's of alts there (if you chose to with fiat), somthing that no other US based exchange has that I am aware of.

you actually have to tell them this? who doesnt know cryptsy is fincen licensed? theyve improved their service greatly over time i must say.
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July 27, 2014, 04:17:50 AM
 #11738

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.

The coding is easy. It's the legal issues and red tape that's the problem.

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July 27, 2014, 04:18:04 AM
 #11739

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
If you implement credit to crypto, you're going to get defrauded left, right, and center...  I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money.
Why exactly would that be?
Uh, what part he's missing, I couldn't tell you. But, performing an irreversible transaction (e.g. sending crypto) on the basis of payment via a reversible medium (e.g. credit card) is about as dumb as it gets in taking payments?

Although... maybe VRC devs will just offer rollbacks of the blockchain to reverse fraudulent VRC purchases with credit cards.  hahaha... ya.... *sigh*

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
If you implement credit to crypto, you're going to get defrauded left, right, and center...  I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money.

please explain more exactly how this defrauding will occur in your view?
You've heard of credit card fraud before... right?

ohh man that is ridiculous. are you familiar with various creditcard merchant technologies and their verification process? there are many ways to ensure that a creditcard isnt being fraudulently used and it's all a matter of the merchant verification process chosen. via insecure cards maybe yeah, but guess what.. u can disallow insecure card purchases and only accept secure ones. not rocket science.

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July 27, 2014, 04:19:14 AM
 #11740

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
If you implement credit to crypto, you're going to get defrauded left, right, and center...  I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money.
Why exactly would that be?
Uh, what part he's missing, I couldn't tell you. But, performing an irreversible transaction (e.g. sending crypto) on the basis of payment via a reversible medium (e.g. credit card) is about as dumb as it gets in taking payments?

Although... maybe VRC devs will just offer rollbacks of the blockchain to reverse fraudulent VRC purchases with credit cards.  hahaha... ya.... *sigh*

*sigh* this is a dead horse that will never stop getting beaten the "proper fiat/wallet purchase implementation" that you speak of is, at this moment, IMPOSSIBLE to achieve since it requires SEVERAL HUNDRED THOUSAND AMERICAN DOLLARS to get LICENSED by FINCen to enable this. SOOOO either drop it or cough up the couple hundred thousand dollars needed to achieve this....


i dont know about that exactly. there may be other ways. as someone who has worked in the Point of Sale industry for years it's not impossible to get coding done that implements credit/debitcard to a cryptocurrency. i actually know devs who are capable of making this happen with full integration for barcode systems at checkout counters etc. since cryptocurrencies are considered a commodity it's much like buying a carton of milk in this regard using magnetic stripe readers etc that integrate with the banking system. itll just take a significant amount of preplanning.. but to state its impossible shows a lack of knowledge in this arena. just saying.
If you implement credit to crypto, you're going to get defrauded left, right, and center...  I think you're sorely missing something here if you honestly think you could pull that off and not lose all of your money.

please explain more exactly how this defrauding will occur in your view?
You've heard of credit card fraud before... right?

There are ways to prevent this, as has been already mentioned above, verification is the key.

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