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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346479 times)
Zer0Sum
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August 06, 2014, 02:36:34 PM
 #12361

great long term investment more like 2-5 years...

ah there it is, the longterm argument



do you really believe ANY of the actual coins will be relevant in 1+ years?

This is the "deer in the headlights" strategy.
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August 06, 2014, 03:54:52 PM
 #12362

There is a big big demand to get an exchange in which assets are not steal able. Neither by the people running the exchange neither by hackers. The single point of failure hurt a lot of people. There is no exchange I am currently trusting. Mt. Gox, Poloniex, Mintpal and other have proven again and again there will also be a point of failure. In the end it doesn't matter if a Government, an admin or an Hacker creates this situation where assets are gone.

You are absolutely right in emphasizing the importance of a blockchain 2 app, you are also absolutely right that the devs should forget all meaningless features and focus on the blockcain 2 function and it would be great if you could get this message through to the DEVs. Personally I think a decentralized market place, like a next decentralized Ebay that uses vericoin would be significantly bigger than a decentralized exchange, plus as users would trade with vericoin in the decentralized market place the demand for vericoin and consequently the price would sky rocket. Having said that, obviously the decentralized exchange would be great as well. Basically, any applications would be great that can be labelled as a blockhain 2 application.

Step:
1.) Create a base the exchange could operate on. Possibly a unique Blockchain 2.0 ? I am not sure if a decentralized exchange could even operate on the current blockchain.
 2.) Create the exchange. Just a simple test version integrated into the Vericoin Wallet to find problems.
  3.) Make the exchange accessible over the browser. Create an Veri-exchange only Wallet
   4.) Add Altcoins

That's the main issue, how to achieve step 1.
For example Bitcoin use the OP_RETURN output in the transaction so you could say the bitcoin blockchain supports smart contracts in that sense. It seems to me the VeriCoin raw transaction could have OP_RETURN output as well so it is possible to build blockchain 2 apps on the top of that. At least my understanding was that the bitcoin devs suggest to use the OP_RETURN output and build blockchain 2 features top on that, but I could be wrong. Other projects like Viacoin take a different route and uses existing infrastructure like Counterparty which make sense too. I am sure that will work for them. If I would be the dev I would take the Ethereum route so it would be a contract entity and that could create messages instead of the transaction or collection of the transaction is the contract. In this case I guess you would need a ledger for the contracts, but wouldn't have to mess with the blockchain.

Either way lots of development, but I am sure the talented VeriCoin devs can manage that. If they need help the community could put together a 60-80K fund to hire peoples.



There seems to be a bit of confusion between what a "market" and an "exchange" ( add to both the "decentralized" adjective and you have the "magic" wand), are.

If we are talking the former (market), there are plenty of examples of FAILED marketplaces already, both within the platform of coins and out of them. The idea of a crypto-based ebay, as opposed to Pay-Pal based Ebay, simply doesn't work. Decentralized, even less. Period. Forget it, file, destroy. Never think about it again.

If we are talking about an "exchange" where you can trade crypto for crypto and fiat for crypto and viceversa, we already have several quite established, one partial (Coinbase, only BTC for fiat and viceversa) and one full out (Cryptsy). Now, it seems to me when the adjective, the "magic wand") is added, we are referring to an underground market and/or exchange... and that's just an absurd pipe dream with no viability whatsoever nor practical purpose.

Yes there was -and I understand there still is- Silkroad. And yes, it was/will be put down again and again. There's simply no future in it and, definitely, not for a coin which is bent in reaching mass mainstream adoption and operate within the laws.

So please lets leave the jerking off off the forums and concentrate efforts in what's plausible, doable, effective AND susceptible of actually being use, hopefully by a growing part of the general population. Distracting the devs with "magic wands" that will never be viable is simply counter productive.

And, once again worth repeating: There's no direct fiat integration without real world, costly LEGAL authorization. Nor there's need for it: Go to Cryptsy and you have it already made.

The price -only concern of posters here, really- will move not on absurd hype about future "magic wand" releases, but on seamless working of current ones and signs of progress toward mainstream adoption. That's job 1.

And VRC is doing an extremely POOR job of it, by the way... partly, I believe, because of those constant, never-ending distractions.

Go to merchants and offer the obvious strength of VRC: 20 million (roughly 80% of all coins) coins staking meaning thousands of not just potential but SURE customers when they can buy YOUR products and services with VRC. Just like the community is staking in amazingly huge numbers at the request of the devs, they would purchase those goods and services when prompted to do so and allowed to do so. One thousand, two thousand customers are, can be, the strongest customer support any medium/small business can have. A very desirable customer base for business of ANY size. The adoption WILL happen... if offered properly.

But no one is doing that. No one at all. It is, obviously, much easier to post here asking for "magic wands" on which to unload the bags.

Once again, nature of the beast... and reason why, mainstreamwise, crypto is at a stalemate. Just like VRC.
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August 06, 2014, 04:01:44 PM
 #12363

I've not been following VRC all that closely...but I've been waiting to get into a few other alts recently (vrc and or cloak). It seems that its lower than its ever been, which is confusing. Can anybody tell me what is actually going on (or correct me if you can)

I know of the MintPal fiasco, then the devs decided to roll back (fork?) the blockchain...which some people dont like (it suggests they could do this in the future/bail out exchanges?)...but apart from that what else is going on?

I thought the work in progress seemed solid, or is another coin doing the same...but better...or is it really down to the decision after the hack?

Genuinely interested, thanks for any honest (non biased) answers.

Cheers

Other than the fork (rollback) that some blockchain purists disagreed with there has been no "bad news" so the price slump is probably due to several factors, I personally believe the lack of market volume in general mixed with the obvious artificial price suppression is playing a major part in the decline just look at the charts for the past few weeks EVERY TIME an uptrend started price was dumped back to the 13k- 15k range and now that up trends are not occuring some choose to just dump, but don't take my word for it just go look at the charts for the past few weeks and you will see what I have said to be accurate.
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August 06, 2014, 04:15:28 PM
 #12364

20 million coins staking, only 7 million or so on the market and volume picking up.....possible breakout soon? Oh and not to mention vindication for what I have been espousing the past few weeks as well....
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August 06, 2014, 04:16:36 PM
 #12365

I've not been following VRC all that closely...but I've been waiting to get into a few other alts recently (vrc and or cloak). It seems that its lower than its ever been, which is confusing. Can anybody tell me what is actually going on (or correct me if you can)

I know of the MintPal fiasco, then the devs decided to roll back (fork?) the blockchain...which some people dont like (it suggests they could do this in the future/bail out exchanges?)...but apart from that what else is going on?

I thought the work in progress seemed solid, or is another coin doing the same...but better...or is it really down to the decision after the hack?

Genuinely interested, thanks for any honest (non biased) answers.

Cheers

You pretty much summed it up.  A solid functional coin, with great features.  Honest, known devs(rare), that did nothing wrong, but were put in a tough, lesser of 2 evils, situation.  The loyal vrc are obviously holding out and buying more.  Hoping, eventually the positive outweighs the negative.  Can anyone predict when or if it will bounce back?  Not really, but there is much potential here.  
altcoinUK
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August 06, 2014, 04:24:13 PM
 #12366


If we are talking the former (market), there are plenty of examples of FAILED marketplaces already, both within the platform of coins and out of them. The idea of a crypto-based ebay, as opposed to Pay-Pal based Ebay, simply doesn't work. Decentralized, even less. Period. Forget it, file, destroy. Never think about it again.

If we are talking about an "exchange" where you can trade crypto for crypto and fiat for crypto and viceversa, we already have several quite established, one partial (Coinbase, only BTC for fiat and viceversa) and one full out (Cryptsy). Now, it seems to me when the adjective, the "magic wand") is added, we are referring to an underground market and/or exchange... and that's just an absurd pipe dream with no viability whatsoever nor practical purpose.

Yes there was -and I understand there still is- Silkroad. And yes, it was/will be put down again and again. There's simply no future in it and, definitely, not for a coin which is bent in reaching mass mainstream adoption and operate within the laws.


I would disagree with you on that.

The reason Ethereum is so successful, because it promises to be the first application that perform smart contracts in a blockchain enabled infrastructure. The center piece of the technology, the entity that creates so much excitement and brought to Ethereum 46,000 BTC that is equivalent to US$ 13.5 million in two weeks is the smart contract concept. What are the primary use cases of smart contracts? Decentralized market places and decentralized exchanges.
Now wonder a whole bunch of VCs and tech entrepreneurs are excited about the technology and Ethereum (check out what the Linkedin founder says about smart contracts at http://bit.ly/Wdp9tM).
You can call me crazy or whatever you want, but you can't deny the success of Erthereum, and that success is all about smart contracts and decentralized apps. In a smaller scale you can see what is happening in our market - the money is flowing even to ViaCoin (probably from Vericoin) and all they said decentralized exchange.

You are a very smart fellow Barrabas, but I think you have overlooked something in this case so please check your facts, what the technology means and market dynamics regarding to smart contracts and decentralized apps.

Sorry about the poor English again before you point that out :-))
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August 06, 2014, 04:33:30 PM
 #12367

I've not been following VRC all that closely...but I've been waiting to get into a few other alts recently (vrc and or cloak). It seems that its lower than its ever been, which is confusing. Can anybody tell me what is actually going on (or correct me if you can)

I know of the MintPal fiasco, then the devs decided to roll back (fork?) the blockchain...which some people dont like (it suggests they could do this in the future/bail out exchanges?)...but apart from that what else is going on?

I thought the work in progress seemed solid, or is another coin doing the same...but better...or is it really down to the decision after the hack?

Genuinely interested, thanks for any honest (non biased) answers.

Cheers

The decline has nothing to do with Mintpal, no one with investment money cares about the Mintpal hack. Investors fed up with the lack of progress and dump the coin. The dump would not matter at all if it would have some interest in the coin, the main problem is that there is no interest in vericoin at all. Actually, it is understandable, because other altcoin projects are progressing nicely and promise more ROI.

I am sure it is a temporary thing, and the very capable Vericoin devs will fix this situation.
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August 06, 2014, 04:39:34 PM
 #12368

I've not been following VRC all that closely...but I've been waiting to get into a few other alts recently (vrc and or cloak). It seems that its lower than its ever been, which is confusing. Can anybody tell me what is actually going on (or correct me if you can)

I know of the MintPal fiasco, then the devs decided to roll back (fork?) the blockchain...which some people dont like (it suggests they could do this in the future/bail out exchanges?)...but apart from that what else is going on?

I thought the work in progress seemed solid, or is another coin doing the same...but better...or is it really down to the decision after the hack?

Genuinely interested, thanks for any honest (non biased) answers.

Cheers

The decline has nothing to do with Mintpal, no one with investment money cares about the Mintpal hack. Investors fed up with the lack of progress and dump the coin. The dump would not matter at all if it would have some interest in the coin, the main problem is that there is no interest in vericoin at all. Actually, it is understandable, because other altcoin projects are progressing nicely and promise more ROI.

I am sure it is a temporary thing, and the very capable Vericoin devs will fix this situation.

you shoulda have sold @40, 30 or 20 k, it seems you got some big headache there  Cheesy

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August 06, 2014, 04:40:48 PM
 #12369

I've not been following VRC all that closely...but I've been waiting to get into a few other alts recently (vrc and or cloak). It seems that its lower than its ever been, which is confusing. Can anybody tell me what is actually going on (or correct me if you can)

I know of the MintPal fiasco, then the devs decided to roll back (fork?) the blockchain...which some people dont like (it suggests they could do this in the future/bail out exchanges?)...but apart from that what else is going on?

I thought the work in progress seemed solid, or is another coin doing the same...but better...or is it really down to the decision after the hack?

Genuinely interested, thanks for any honest (non biased) answers.

Cheers

The decline has nothing to do with Mintpal, no one with investment money cares about the Mintpal hack. Investors fed up with the lack of progress and dump the coin. The dump would not matter at all if it would have some interest in the coin, the main problem is that there is no interest in vericoin at all. Actually, it is understandable, because other altcoin projects are progressing nicely and promise more ROI.

I am sure it is a temporary thing, and the very capable Vericoin devs will fix this situation.

Well if the lack of progress is the problem in a 2month old coin than i should sell my fathers car  and buy vericoin right now because if we have lack of progress now than what acctually you will call the next releases of the devs than ? Overattached programming?.. next weeks will be very exciting stay tuned.
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August 06, 2014, 04:42:20 PM
 #12370

I've not been following VRC all that closely...but I've been waiting to get into a few other alts recently (vrc and or cloak). It seems that its lower than its ever been, which is confusing. Can anybody tell me what is actually going on (or correct me if you can)

I know of the MintPal fiasco, then the devs decided to roll back (fork?) the blockchain...which some people dont like (it suggests they could do this in the future/bail out exchanges?)...but apart from that what else is going on?

I thought the work in progress seemed solid, or is another coin doing the same...but better...or is it really down to the decision after the hack?

Genuinely interested, thanks for any honest (non biased) answers.

Cheers

The decline has nothing to do with Mintpal, no one with investment money cares about the Mintpal hack. Investors fed up with the lack of progress and dump the coin. The dump would not matter at all if it would have some interest in the coin, the main problem is that there is no interest in vericoin at all. Actually, it is understandable, because other altcoin projects are progressing nicely and promise more ROI.

I am sure it is a temporary thing, and the very capable Vericoin devs will fix this situation.

Well if the lack of progress is the problem in a 2month old coin than i should sell my fathers car  and buy vericoin right now because if we have lack of progress now than what acctually you will call the next releases of the devs than ? Overattached programming?.. next weeks will be very exiting stay tuned.

that is because people think after spending 1 btc in an altcoin they will be millionairs after 1 month

/edit

btw 40.000 btc for alot of promises... i will release ethereum 2.0 or 3.0? soon  Roll Eyes

PECULIUM                [  PRIVATE SALE ~$2M PLEDGED ]
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August 06, 2014, 04:44:27 PM
 #12371

I've not been following VRC all that closely...but I've been waiting to get into a few other alts recently (vrc and or cloak). It seems that its lower than its ever been, which is confusing. Can anybody tell me what is actually going on (or correct me if you can)

I know of the MintPal fiasco, then the devs decided to roll back (fork?) the blockchain...which some people dont like (it suggests they could do this in the future/bail out exchanges?)...but apart from that what else is going on?

I thought the work in progress seemed solid, or is another coin doing the same...but better...or is it really down to the decision after the hack?

Genuinely interested, thanks for any honest (non biased) answers.

Cheers

The decline has nothing to do with Mintpal, no one with investment money cares about the Mintpal hack. Investors fed up with the lack of progress and dump the coin. The dump would not matter at all if it would have some interest in the coin, the main problem is that there is no interest in vericoin at all. Actually, it is understandable, because other altcoin projects are progressing nicely and promise more ROI.

I am sure it is a temporary thing, and the very capable Vericoin devs will fix this situation.

Well if the lack of progress is the problem in a 2month old coin than i should sell my fathers car  and buy vericoin right now because if we have lack of progress now than what acctually you will call the next releases of the devs than ? Overattached programming?.. next weeks will be very exiting stay tuned.

that is because people think after spending 1 btc in an altcoin they will be millionairs after 1 month

And many of those actually lose even that 1 btc.
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August 06, 2014, 04:44:49 PM
 #12372

There seems to be a bit of confusion between what a "market" and an "exchange" ( add to both the "decentralized" adjective and you have the "magic" wand), are.

If we are talking the former (market), there are plenty of examples of FAILED marketplaces already, both within the platform of coins and out of them. The idea of a crypto-based ebay, as opposed to Pay-Pal based Ebay, simply doesn't work. Decentralized, even less. Period. Forget it, file, destroy. Never think about it again.

If we are talking about an "exchange" where you can trade crypto for crypto and fiat for crypto and viceversa, we already have several quite established, one partial (Coinbase, only BTC for fiat and viceversa) and one full out (Cryptsy). Now, it seems to me when the adjective, the "magic wand") is added, we are referring to an underground market and/or exchange... and that's just an absurd pipe dream with no viability whatsoever nor practical purpose.

Yes there was -and I understand there still is- Silkroad. And yes, it was/will be put down again and again. There's simply no future in it and, definitely, not for a coin which is bent in reaching mass mainstream adoption and operate within the laws.

So please lets leave the jerking off off the forums and concentrate efforts in what's plausible, doable, effective AND susceptible of actually being use, hopefully by a growing part of the general population. Distracting the devs with "magic wands" that will never be viable is simply counter productive.

And, once again worth repeating: There's no direct fiat integration without real world, costly LEGAL authorization. Nor there's need for it: Go to Cryptsy and you have it already made.

The price -only concern of posters here, really- will move not on absurd hype about future "magic wand" releases, but on seamless working of current ones and signs of progress toward mainstream adoption. That's job 1.

And VRC is doing an extremely POOR job of it, by the way... partly, I believe, because of those constant, never-ending distractions.

Go to merchants and offer the obvious strength of VRC: 20 million (roughly 80% of all coins) coins staking meaning thousands of not just potential but SURE customers when they can buy YOUR products and services with VRC. Just like the community is staking in amazingly huge numbers at the request of the devs, they would purchase those goods and services when prompted to do so and allowed to do so. One thousand, two thousand customers are, can be, the strongest customer support any medium/small business can have. A very desirable customer base for business of ANY size. The adoption WILL happen... if offered properly.

But no one is doing that. No one at all. It is, obviously, much easier to post here asking for "magic wands" on which to unload the bags.

Once again, nature of the beast... and reason why, mainstreamwise, crypto is at a stalemate. Just like VRC.

-First of all it sounds great. Just offer merchants to accept VRC. Why should they not take LTC or Dogecoin or oh wait.. Just Bitcoin? Why not just pay with VeriBit? All these coins are much more mainstream while VRC is very special. On top they are very stable compared to VRC. It will take a long time until a customer even had heard about VRC. Offering VRC to merchants would skip at least 3 steps for my understanding.


Exchange:
You don't understand the advantage of a true decentralized exchange don't you? Cryptsy has a bad reputation under the community. Mt.Gox stole/lost Million of $ worth of BTC as well as FIAT. Mintpal got robbed. Poloniex got robbed several times. BTC-e could be closed over night because nobody knows where or what they really are.
What's the problem about these exchanges? Yes they are centralized. These exchanges will always have trouble securing assets. A true decentralized exchange would take out all this risks. You could still lose your assets if somebody steals it from you. But this is your own fault in the end.

Markets:
I agree with you, it's really hard to create a p2p Market. But who says it has to be shady and underground style? I think you misunderstood what p2p in the end stands for. It doesn't many illegal, criminal or underground. There will be rules for sure in a successful Market for sure to prevent illegal activities like it happened on Silkroad. And Silkroad was also centralized.


Read what Ethereum is and understand why the dev team already collected over 14 Million $ in Bitcoin. And they haven't even shown a working product. And people still buy Ethereum in a presale like mad.

Trade:   Forex (€/$...) - Stocks(Apple, Google..) - Commodities(Gold, Oil...) and Indices(S&P 500, Dax...)
All with BTCitcoin only -----   https://1broker.com ----- up to 200x Leverage & since 2012 ---
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August 06, 2014, 04:45:55 PM
 #12373

I've not been following VRC all that closely...but I've been waiting to get into a few other alts recently (vrc and or cloak). It seems that its lower than its ever been, which is confusing. Can anybody tell me what is actually going on (or correct me if you can)

I know of the MintPal fiasco, then the devs decided to roll back (fork?) the blockchain...which some people dont like (it suggests they could do this in the future/bail out exchanges?)...but apart from that what else is going on?

I thought the work in progress seemed solid, or is another coin doing the same...but better...or is it really down to the decision after the hack?

Genuinely interested, thanks for any honest (non biased) answers.

Cheers

The decline has nothing to do with Mintpal, no one with investment money cares about the Mintpal hack. Investors fed up with the lack of progress and dump the coin. The dump would not matter at all if it would have some interest in the coin, the main problem is that there is no interest in vericoin at all. Actually, it is understandable, because other altcoin projects are progressing nicely and promise more ROI.

I am sure it is a temporary thing, and the very capable Vericoin devs will fix this situation.

Well if the lack of progress is the problem in a 2month old coin than i should sell my fathers car  and buy vericoin right now because if we have lack of progress now than what acctually you will call the next releases of the devs than ? Overattached programming?.. next weeks will be very exiting stay tuned.

that is because people think after spending 1 btc in an altcoin they will be millionairs after 1 month

And many of those actually lose even that 1 btc.

true story  Grin

PECULIUM                [  PRIVATE SALE ~$2M PLEDGED ]
First Saving System in CryptoCurrency Driven by Artificial Intelligence     / WHITEPAPER / ANN / BOUNTY / TELEGRAM /

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altcoinUK
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August 06, 2014, 04:46:28 PM
 #12374

I've not been following VRC all that closely...but I've been waiting to get into a few other alts recently (vrc and or cloak). It seems that its lower than its ever been, which is confusing. Can anybody tell me what is actually going on (or correct me if you can)

I know of the MintPal fiasco, then the devs decided to roll back (fork?) the blockchain...which some people dont like (it suggests they could do this in the future/bail out exchanges?)...but apart from that what else is going on?

I thought the work in progress seemed solid, or is another coin doing the same...but better...or is it really down to the decision after the hack?

Genuinely interested, thanks for any honest (non biased) answers.

Cheers

The decline has nothing to do with Mintpal, no one with investment money cares about the Mintpal hack. Investors fed up with the lack of progress and dump the coin. The dump would not matter at all if it would have some interest in the coin, the main problem is that there is no interest in vericoin at all. Actually, it is understandable, because other altcoin projects are progressing nicely and promise more ROI.

I am sure it is a temporary thing, and the very capable Vericoin devs will fix this situation.

you shoulda have sold @40, 30 or 20 k, it seems you got some big headache there  Cheesy


The size of the headache is getting less, it is only 300K vericoin already, but it is still more a brain tumor than a headache :-))
Reavon
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August 06, 2014, 04:54:19 PM
 #12375

I would ask our big investors to colaborate a little and figure out a marketing plan for our coin . If you arnt already do, just my .02 vrc
ChrisLandin
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August 06, 2014, 05:16:18 PM
 #12376

Hi guys.

How do you go about finding out how many vrc are staking? Is there a command for the wallet?

Cheers

professorY
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August 06, 2014, 05:33:27 PM
 #12377

I would ask our big investors to colaborate a little and figure out a marketing plan for our coin . If you arnt already do, just my .02 vrc

This is exactly what people started asking for in the Quark thread 6 months ago. Where is QRK now? Exactly where it was six months ago.

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amesterdamer
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August 06, 2014, 05:34:51 PM
 #12378

Hi guys.

How do you go about finding out how many vrc are staking? Is there a command for the wallet?

Cheers

You can roll-over the Vericoin icon like this:



Also you can use this link: http://vrcstake.ticonerd.com/
ChrisLandin
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August 06, 2014, 05:39:45 PM
 #12379

Hi guys.

How do you go about finding out how many vrc are staking? Is there a command for the wallet?

Cheers

You can roll-over the Vericoin icon like this:



Also you can use this link: http://vrcstake.ticonerd.com/
cheers  Smiley

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August 06, 2014, 06:21:09 PM
 #12380

My wallet is stuck synchronizing at (currently) 2206 blocks remaining. I am facing this sync issue since a few days.

My config file contains the 5 supernodes and I just added 'addnode=107.170.140.210', but this makes no difference.

Any recommendations to solve this sync issue ?

Thanks in advance.


you're probably better off asking in the irc channel.  eventually someone will help you in there.

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