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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1342094 times)
GaliX
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August 08, 2014, 12:38:45 PM
 #12461


When autumn rolls around and Bitcoin increases visibility on Wall Street and large investors come back to the alt. market looking to invest, they're going to have specific criteria.  One criteria item will be highly visible, public devs and not ones hiding behind screen names.

oh nice, so even more money into ethereum Grin

what the fuck is ethereum? sound like gay porn and people really put money into this kind of crap? UNBELIEVABLE

Ethereum is probably the biggest thing since Bitcoin if they don't fuck up hard.
That's the reason why they collected over 12 Million $ in BTC in the presale already.

We saw so many flop show before too, when they earn very good money on presale,
but after that nothing happen and innocent people lost money so much.

Ethereum  is different. They have how many people in their dev Team 60?
This is not just an altcoin, they are really approaching something big no altcoin even thought about untill now.

Smart contracts with blockchain 2.0 It is mind blowing what this technology is going to make possible. Read into this, it is really worth it. There are more then just 1 Lets Talk Bitcoin pod-cast about Ethereum.

If Ethereum fails I don't know what to believe anymore.

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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libertynow
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August 08, 2014, 12:43:20 PM
 #12462


When autumn rolls around and Bitcoin increases visibility on Wall Street and large investors come back to the alt. market looking to invest, they're going to have specific criteria.  One criteria item will be highly visible, public devs and not ones hiding behind screen names.

oh nice, so even more money into ethereum Grin

what the fuck is ethereum? sound like gay porn and people really put money into this kind of crap? UNBELIEVABLE

Ethereum is probably the biggest thing since Bitcoin if they don't fuck up hard.
That's the reason why they collected over 12 Million $ in BTC in the presale already.

We saw so many flop show before too, when they earn very good money on presale,
but after that nothing happen and innocent people lost money so much.

Ethereum  is different. They have how many people in their dev Team 60?
This is not just an altcoin, they are really approaching something big no altcoin even thought about untill now.

Smart contracts with blockchain 2.0 It is mind blowing what this technology is going to make possible.

Whats going to be mind blowing is how much less the ether is going to sell for when it's released for public trading.

Liquid Tech, Asset #17750387231635486778, http://www.liquidtech.info
GaliX
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August 08, 2014, 12:47:18 PM
 #12463


When autumn rolls around and Bitcoin increases visibility on Wall Street and large investors come back to the alt. market looking to invest, they're going to have specific criteria.  One criteria item will be highly visible, public devs and not ones hiding behind screen names.

oh nice, so even more money into ethereum Grin

what the fuck is ethereum? sound like gay porn and people really put money into this kind of crap? UNBELIEVABLE

Ethereum is probably the biggest thing since Bitcoin if they don't fuck up hard.
That's the reason why they collected over 12 Million $ in BTC in the presale already.

We saw so many flop show before too, when they earn very good money on presale,
but after that nothing happen and innocent people lost money so much.

Ethereum  is different. They have how many people in their dev Team 60?
This is not just an altcoin, they are really approaching something big no altcoin even thought about untill now.

Smart contracts with blockchain 2.0 It is mind blowing what this technology is going to make possible.

Whats going to be mind blowing is how much less the ether is going to sell for when it's released for public trading.

This is really not just a short term 3 months yolo altcoin like 98% of the altcoin in our universe. Many people see the presale as an longterm investment while making the hole project possible.

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 ---
Kevondo
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August 08, 2014, 12:57:35 PM
 #12464

VRCRadio.com is ONLINE!
10 AM EST Live broadcast will co on as scheduled
                      AND
  Socal WILL BE LIVE @ 7 PM EST Tonight

.

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effectsToCause
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August 08, 2014, 01:28:19 PM
 #12465

Hey Guys,
Check out our new dedicated timetable webpage for accurate updates on our progress. Thanks to Scott Allyn and Socal for devising a great platform for updates.  http://vericoinnews.info/vericoin-roadmap/

Also if you haven't seen it yet check out the rest of the news site by Scott Allyn, it's really good. http://vericoinnews.info

If you missed it the new site is up www.vericoin.info

Regarding blockchain 2.0, we are taking our first practical step with 2.0 technologies by building in decentralized username support.  Along with that will be a decentralized registration process and fully decentralized privacy/anon tech to preserve security and privacy of usernames. Writing whitepaper for this now.
johnwest
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August 08, 2014, 01:34:42 PM
 #12466


When autumn rolls around and Bitcoin increases visibility on Wall Street and large investors come back to the alt. market looking to invest, they're going to have specific criteria.  One criteria item will be highly visible, public devs and not ones hiding behind screen names.

oh nice, so even more money into ethereum Grin

what the fuck is ethereum? sound like gay porn and people really put money into this kind of crap? UNBELIEVABLE

Ethereum is probably the biggest thing since Bitcoin if they don't fuck up hard.
That's the reason why they collected over 12 Million $ in BTC in the presale already.

We saw so many flop show before too, when they earn very good money on presale,
but after that nothing happen and innocent people lost money so much.

Ethereum  is different. They have how many people in their dev Team 60?
This is not just an altcoin, they are really approaching something big no altcoin even thought about untill now.

Smart contracts with blockchain 2.0 It is mind blowing what this technology is going to make possible. Read into this, it is really worth it. There are more then just 1 Lets Talk Bitcoin pod-cast about Ethereum.

If Ethereum fails I don't know what to believe anymore.

Everytime when new big coin come, there is so much hype in begining
but after some days or months coin start to die again.



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luisb
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August 08, 2014, 01:34:47 PM
 #12467


When autumn rolls around and Bitcoin increases visibility on Wall Street and large investors come back to the alt. market looking to invest, they're going to have specific criteria.  One criteria item will be highly visible, public devs and not ones hiding behind screen names.

oh nice, so even more money into ethereum Grin

what the fuck is ethereum? sound like gay porn and people really put money into this kind of crap? UNBELIEVABLE

Ethereum is probably the biggest thing since Bitcoin if they don't fuck up hard.
That's the reason why they collected over 12 Million $ in BTC in the presale already.

We saw so many flop show before too, when they earn very good money on presale,
but after that nothing happen and innocent people lost money so much.

Ethereum  is different. They have how many people in their dev Team 60?
This is not just an altcoin, they are really approaching something big no altcoin even thought about untill now.

Smart contracts with blockchain 2.0 It is mind blowing what this technology is going to make possible.

Whats going to be mind blowing is how much less the ether is going to sell for when it's released for public trading.

This is really not just a short term 3 months yolo altcoin like 98% of the altcoin in our universe. Many people see the presale as an longterm investment while making the hole project possible.

Someone is offering 5000 ether per btc deliverable march 15 2015 see

http://contravex.com/2014/07/23/a-guide-to-buying-5000-ether-bitcoin-2-5x-more-than-ethereums-genesis-sale/

I am not personally interested, but check it out maybe its not too late   Wink

altcoinUK
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August 08, 2014, 01:35:40 PM
 #12468


Regarding blockchain 2.0, we are taking our first practical step with 2.0 technologies by building in decentralized username support.  Along with that will be a decentralized registration process and fully decentralized privacy/anon tech to preserve security and privacy of usernames. Writing whitepaper for this now.

Great, thanks very much for the info! That is a very good news, it seems VeriCoin is in the blockchain 2 race!
Shinraven
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August 08, 2014, 01:51:54 PM
 #12469

So, I just thought I'd come in here to share my experience with Vericoin.

In short, I was new to crypto, bought in to VRC during the big pump at around 30k, as it looked like it had real promise as becoming a real currency.

During that time the devs were posting here nearly every day with updates, deadlines, road maps, the works.

Then the rollback happened.. I still believe that the devs made the best decision at the time and handled it well with the rollback etc. They did the best they could.

Since then though, they've been almost entirely absent. Very few posts, and the posts they have made have been vague at best. It really seems to me like they have given up on the coin and are just not wanting to go public with the fact as yet. Socal here has basically been the only person giving any updates at all on new developments, and even still they have been vague. So many things "nearly finished" for so long?? Where's the website? It's not hard to make a website like that. It should take maximum one day to completely rewrite the Vericoin website. iOS wallet? Yeah a but harder so I can understand it taking longer, but still it was "nearly done" weeks ago..

I honestly now believe that the devs have been stringing this out as long as they can while they unload their coins. Stringing along Socal in the process (or perhaps he is in on it and doing the same?).

If I was a betting man, and I am, I would bet that we will never see any more updates to VRC. The devs are done with it, they're gone. The only new stuff is coming from desperate bagholders trying to hold things together, and doing at least an ok job I'll admit.

One last question I have here which has puzzled me the whole time is this:

Why did pnosker transfer 200k VRC from his wallet to exchanges right after the rollback? Apparently this was to somehow protect the coin? But you would meet BTC on the exchanges to do that right? So why then? Where are the coins now? Have the devs released their wallet addresses recently to show they are still holding? Again, I'd bet that they have not.

Call it you favorite word "FUD", call it what you like. This has been my experience with Vericoin.

I wish you all the best of luck in your futures!



I fully understand your concerns as I share some as well. Just like you I am an investor and active member of the Vericoin community.

Now some points that need to be made clear.

I know there are tons of Alt coins out there and I make a point not to trash them, however I would exercise caution to some friends whom likewise have invested in various coins in the past few months, needless to say have lost a lot. Something clearly is wrong with the crypto market. We all want to succeed and back up a great projects yet to my disbelief most of these alt coins were just that fly by night projects. Dev here one day, gone the next. Hence my initial interest in Vericoin as this was the first time I saw active devs openly chatting and communicating with the public, via twitter, Google hang out and even show up in person at Shows.

I reached out the Pat / Doug and worked with them on various projects, branding, website of Vericoin. It does not take 1 day to make a site, it is a process. You see what's wrong, you research, you design comps, you get feedback, you make changes, you get team involved, more tweaks, then code, then QA. etc.

I personally met Pat / Doug and have worked with them, these guys are pros. They have wives/girlfriend they have lives and supporting family. From my initial impression they share one quality I love about creative people, they are passionate about what they do and I respect them for that. These guys are not going to pack up and leave as you put it.

The Hack on Mintpal clearly was a major blow which affected not only the coin but so many upcoming projects as they had to shift gears to repair the damages as well as some other attack on their servers. Clearly there are those who wish this coin not to succeed.

It is natural to worry about your investment as you should be, understand that with the amount of FUD that took place here past few weeks after the hack, I fully understand the concern. I did my best not to judge one initial investor who made tons of promises, promos, major parties, celebrities etc. I am not easily impressed, put up or shut up is my take. otherwise its BS.

As far as upcoming projects: I am sure these guys are working on upcoming features, Doug has voiced his desire for Decentralized aspect of this coin, and some projects they won't reveal yet.

For the past few days a few members have contributed in Major ways, promoting the coin on Radio, Bitcoin meet up groups, Launching supporting website, offering feedback/ ideas - This coin has a bright future, as a community we need to be patient, help and respect each other. No need for name calling, the last thing we need is to turn on each other.

luisb
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August 08, 2014, 01:54:05 PM
 #12470

Hey Guys,
Check out our new dedicated timetable webpage for accurate updates on our progress. Thanks to Scott Allyn and Socal for devising a great platform for updates.  http://vericoinnews.info/vericoin-roadmap/

Also if you haven't seen it yet check out the rest of the news site by Scott Allyn, it's really good. http://vericoinnews.info

If you missed it the new site is up www.vericoin.info

Regarding blockchain 2.0, we are taking our first practical step with 2.0 technologies by building in decentralized username support.  Along with that will be a decentralized registration process and fully decentralized privacy/anon tech to preserve security and privacy of usernames. Writing whitepaper for this now.

 I think would be really nice to centralize the news and the roadmap in two sections within vericoin.info, having a whole website its a bit... overkill IMO

and also, for average users and laymen like me what a decentralized username support and registration is useful for?

Thanks a lot guys
Kevondo
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August 08, 2014, 02:00:01 PM
 #12471

VRCRadio.com will be LIVE in 1 MINUTE

.

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KidenceBgd
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VeRiCoIn :)


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August 08, 2014, 02:16:01 PM
 #12472

Reavon
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August 08, 2014, 03:54:18 PM
 #12473

I have managed to get a seat at the Bitcoin conference in Germany Collogne on the 2nd september.
Many important people from netherlands and germany who are involved in crypto will be there and i will represent VeriCoin there as professional as i can. I will make pictures , connecting with people , demonstrate them the fast transactions with the mobile wallets and give away up to 600 vericoins. Set up for those who are interested mobile wallets. Give them buisnesscards and much more.

I hope until then more and more features will be add, so i can use it for argueing for vericoin.


I am actualy veri excited to be thaaat deep in crypto already i definitly wanna run a cryptobuisness one day.

i want to thank the generous Donator who donatet me 400 vrc for my project that is awesome community spirit !!! Great devs , great community, great projects. We have been through so much and we are still here stronger than ever , we will make it to the top!
libertynow
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August 08, 2014, 03:58:16 PM
 #12474

I have managed to get a seat at the Bitcoin conference in Germany Collogne on the 2nd september.
Many important people from netherlands and germany who are involved in crypto will be there and i will represent VeriCoin there as professional as i can. I will make pictures , connecting with people , demonstrate them the fast transactions with the mobile wallets and give away up to 600 vericoins. Set up for those who are interested mobile wallets. Give them buisnesscards and much more.

I hope until then more and more features will be add, so i can use it for argueing for vericoin.


I am actualy veri excited to be thaaat deep in crypto already i definitly wanna run a cryptobuisness one day.

i want to thank the generous Donator who donatet me 400 vrc for my project that is awesome community spirit !!! Great devs , great community, great projects. We have been through so much and we are still here stronger than ever , we will make it to the top!

I'm glad you posted this, I had forgotten.  I just kicked you over 500.

Liquid Tech, Asset #17750387231635486778, http://www.liquidtech.info
Reavon
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August 08, 2014, 04:20:08 PM
 #12475

I have managed to get a seat at the Bitcoin conference in Germany Collogne on the 2nd september.
Many important people from netherlands and germany who are involved in crypto will be there and i will represent VeriCoin there as professional as i can. I will make pictures , connecting with people , demonstrate them the fast transactions with the mobile wallets and give away up to 600 vericoins. Set up for those who are interested mobile wallets. Give them buisnesscards and much more.

I hope until then more and more features will be add, so i can use it for argueing for vericoin.


I am actualy veri excited to be thaaat deep in crypto already i definitly wanna run a cryptobuisness one day.

i want to thank the generous Donator who donatet me 400 vrc for my project that is awesome community spirit !!! Great devs , great community, great projects. We have been through so much and we are still here stronger than ever , we will make it to the top!

I'm glad you posted this, I had forgotten.  I just kicked you over 500.

Wow thank you so much. I will give my best. I have now 900 vrc +my 600 vrc to demonstrate Vericoin at the bitcoin conference this will be epic!!!
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August 08, 2014, 04:43:13 PM
 #12476

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August 08, 2014, 04:57:20 PM
 #12477

So, I just thought I'd come in here to share my experience with Vericoin.

In short, I was new to crypto, bought in to VRC during the big pump at around 30k, as it looked like it had real promise as becoming a real currency.

During that time the devs were posting here nearly every day with updates, deadlines, road maps, the works.

Then the rollback happened.. I still believe that the devs made the best decision at the time and handled it well with the rollback etc. They did the best they could.

Since then though, they've been almost entirely absent. Very few posts, and the posts they have made have been vague at best. It really seems to me like they have given up on the coin and are just not wanting to go public with the fact as yet. Socal here has basically been the only person giving any updates at all on new developments, and even still they have been vague. So many things "nearly finished" for so long?? Where's the website? It's not hard to make a website like that. It should take maximum one day to completely rewrite the Vericoin website. iOS wallet? Yeah a but harder so I can understand it taking longer, but still it was "nearly done" weeks ago..

I honestly now believe that the devs have been stringing this out as long as they can while they unload their coins. Stringing along Socal in the process (or perhaps he is in on it and doing the same?).

If I was a betting man, and I am, I would bet that we will never see any more updates to VRC. The devs are done with it, they're gone. The only new stuff is coming from desperate bagholders trying to hold things together, and doing at least an ok job I'll admit.

One last question I have here which has puzzled me the whole time is this:

Why did pnosker transfer 200k VRC from his wallet to exchanges right after the rollback? Apparently this was to somehow protect the coin? But you would meet BTC on the exchanges to do that right? So why then? Where are the coins now? Have the devs released their wallet addresses recently to show they are still holding? Again, I'd bet that they have not.

Call it you favorite word "FUD", call it what you like. This has been my experience with Vericoin.

I wish you all the best of luck in your futures!



I fully understand your concerns as I share some as well. Just like you I am an investor and active member of the Vericoin community.

Now some points that need to be made clear.

I know there are tons of Alt coins out there and I make a point not to trash them, however I would exercise caution to some friends whom likewise have invested in various coins in the past few months, needless to say have lost a lot. Something clearly is wrong with the crypto market. We all want to succeed and back up a great projects yet to my disbelief most of these alt coins were just that fly by night projects. Dev here one day, gone the next. Hence my initial interest in Vericoin as this was the first time I saw active devs openly chatting and communicating with the public, via twitter, Google hang out and even show up in person at Shows.

I reached out the Pat / Doug and worked with them on various projects, branding, website of Vericoin. It does not take 1 day to make a site, it is a process. You see what's wrong, you research, you design comps, you get feedback, you make changes, you get team involved, more tweaks, then code, then QA. etc.

I personally met Pat / Doug and have worked with them, these guys are pros. They have wives/girlfriend they have lives and supporting family. From my initial impression they share one quality I love about creative people, they are passionate about what they do and I respect them for that. These guys are not going to pack up and leave as you put it.

The Hack on Mintpal clearly was a major blow which affected not only the coin but so many upcoming projects as they had to shift gears to repair the damages as well as some other attack on their servers. Clearly there are those who wish this coin not to succeed.

It is natural to worry about your investment as you should be, understand that with the amount of FUD that took place here past few weeks after the hack, I fully understand the concern. I did my best not to judge one initial investor who made tons of promises, promos, major parties, celebrities etc. I am not easily impressed, put up or shut up is my take. otherwise its BS.

As far as upcoming projects: I am sure these guys are working on upcoming features, Doug has voiced his desire for Decentralized aspect of this coin, and some projects they won't reveal yet.

For the past few days a few members have contributed in Major ways, promoting the coin on Radio, Bitcoin meet up groups, Launching supporting website, offering feedback/ ideas - This coin has a bright future, as a community we need to be patient, help and respect each other. No need for name calling, the last thing we need is to turn on each other.



Thanks Shinraven for breaking this down so well, I appreciate it man.  This guy is doing wonders for VeriCoin, all the wonderful designs for the website, the logo, the new UI coming.  It's fantastic work, kudos to him.

To address Monkeys concerns:
Listen guys I understand that in crypto the knee jerk reaction is to claim scam/dump, this is NOT the case here and we would prefer you honestly ask yourself if we are those type of people.  You would actually be shocked how many times we have to convince people this is not a scam, even after doing all the things Shinraven mentioned.  

Rule of thumb, if the devs are showing their face and names, they are generally not scammers/dumpers.  If we wanted to have some big plot to dump or whatever we would have never revealed our names because we would know there would people after us essentially.  It doesn't make any sense.

I'm probably not going to say this again because we have already moved forward but to be clear.  The hack screwed up our timelines.  The rollback took a couple days, getting the network stable took a few more, combating the FUD and conspiracy theories took a few more and is ongoing.  The supernodes were DDOSed multiple times, which isn't really that big of a problem, but it is when your network is new like it was post rollback.  We are beyond all this now so it's all ok.

However we did realize a few things:
1.  ETA's usually cause more problems than they solve.  The reason being, as you can see from the mintpal fiasco we cannot predict certain scenarios especially more extreme ones, and in crypto if you miss a deadline or the release is incomplete on the deadline, there is typically a dump.  This is not because we didn't work but because we set deadlines that we were not able to meet for many reasons usually. Honestly there were multiple nights that I was up till 5am trying to meet a deadline, it's not a good approach.

2.  So if you need a strict ETA for investment reasons you are not going to get it here.  With the help of Socal and Scott Allyn we have devised a new system for being clear with everyone about where we are, but without setting ourselves up for something we cannot always predict.   http://vericoinnews.info/vericoin-roadmap/

3. See it from our eyes for a moment.  We put blood and sweat into VeriCoin and nearly watched it get killed by some hacker.  Thankfully they were not successful and we hacked the hacker essentially.  It's also now not possible to hack that much coin.  However aside from the draining aftermath we had to recover ourselves, physically and emotionally.  In addition Pat's grandfather passed away, Dave moved into a new house and so on.  You add all these things up and yeah our schedule fell behind and we have been less active in the forums, but that is nothing compared to everything else.

4. Now we are coming back and stronger than ever!  Our network is stronger than it ever has been, 22 million staking today!  Our community and coin persevered one of the most devastating attacks in crypto history!  The community has rallied in a major price trough to build a news site devoted to VeriCoin, VRC Radio has a third DJ, the new website is out (big collaborative effort).  All promised projects are very actively being developed in addition to totally new ones that move the ball forward even more!  We need a strong community to build a strong currency and we have that!  I say if you think you have what it takes, join us!
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August 08, 2014, 05:06:48 PM
 #12478

Hey Guys,
Check out our new dedicated timetable webpage for accurate updates on our progress. Thanks to Scott Allyn and Socal for devising a great platform for updates.  http://vericoinnews.info/vericoin-roadmap/

Also if you haven't seen it yet check out the rest of the news site by Scott Allyn, it's really good. http://vericoinnews.info

If you missed it the new site is up www.vericoin.info

Regarding blockchain 2.0, we are taking our first practical step with 2.0 technologies by building in decentralized username support.  Along with that will be a decentralized registration process and fully decentralized privacy/anon tech to preserve security and privacy of usernames. Writing whitepaper for this now.

 I think would be really nice to centralize the news and the roadmap in two sections within vericoin.info, having a whole website its a bit... overkill IMO

and also, for average users and laymen like me what a decentralized username support and registration is useful for?

Thanks a lot guys

Hi Luisb,

If you look at the project descriptions on the road map, usernames will be an important feature for making virtual currency easy to adopt by the masses (those new to crypto). No need for QR codes or long VRC addresses to send/receive money. And it preserves anonymity.

VRC: VMTMcvFjZHAshmVNLY5KYVHCTqcfEnH6Bd  SLR: 8W7D6D7rortYp51BK9MSrfripSoZWyVPVr  BTC: 1LbgAsTDtyWEGjiSaguJhJbaHBPgcMnHfP  BCC: 1Ta39PK67VXTD2xnmPNo5J9KJyBVHdYmy
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August 08, 2014, 06:16:07 PM
 #12479

Nice almost 10k. I might buy back some VRC in a month's time when it drops under 10k. Volume is still 20 BTC that means it has a little bit of time left to drop, when volume hits 10-15 BTC it will stabilize.

Get Daily Free SignatureCoins. Su3XiYekKKk4FRHaaMneseJHcykGfswVb3
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August 08, 2014, 06:30:04 PM
 #12480

So, I just thought I'd come in here to share my experience with Vericoin.

In short, I was new to crypto, bought in to VRC during the big pump at around 30k, as it looked like it had real promise as becoming a real currency.

During that time the devs were posting here nearly every day with updates, deadlines, road maps, the works.

Then the rollback happened.. I still believe that the devs made the best decision at the time and handled it well with the rollback etc. They did the best they could.

Since then though, they've been almost entirely absent. Very few posts, and the posts they have made have been vague at best. It really seems to me like they have given up on the coin and are just not wanting to go public with the fact as yet. Socal here has basically been the only person giving any updates at all on new developments, and even still they have been vague. So many things "nearly finished" for so long?? Where's the website? It's not hard to make a website like that. It should take maximum one day to completely rewrite the Vericoin website. iOS wallet? Yeah a but harder so I can understand it taking longer, but still it was "nearly done" weeks ago..

I honestly now believe that the devs have been stringing this out as long as they can while they unload their coins. Stringing along Socal in the process (or perhaps he is in on it and doing the same?).

If I was a betting man, and I am, I would bet that we will never see any more updates to VRC. The devs are done with it, they're gone. The only new stuff is coming from desperate bagholders trying to hold things together, and doing at least an ok job I'll admit.

One last question I have here which has puzzled me the whole time is this:

Why did pnosker transfer 200k VRC from his wallet to exchanges right after the rollback? Apparently this was to somehow protect the coin? But you would meet BTC on the exchanges to do that right? So why then? Where are the coins now? Have the devs released their wallet addresses recently to show they are still holding? Again, I'd bet that they have not.

Call it you favorite word "FUD", call it what you like. This has been my experience with Vericoin.

I wish you all the best of luck in your futures!



I fully understand your concerns as I share some as well. Just like you I am an investor and active member of the Vericoin community.

Now some points that need to be made clear.

I know there are tons of Alt coins out there and I make a point not to trash them, however I would exercise caution to some friends whom likewise have invested in various coins in the past few months, needless to say have lost a lot. Something clearly is wrong with the crypto market. We all want to succeed and back up a great projects yet to my disbelief most of these alt coins were just that fly by night projects. Dev here one day, gone the next. Hence my initial interest in Vericoin as this was the first time I saw active devs openly chatting and communicating with the public, via twitter, Google hang out and even show up in person at Shows.

I reached out the Pat / Doug and worked with them on various projects, branding, website of Vericoin. It does not take 1 day to make a site, it is a process. You see what's wrong, you research, you design comps, you get feedback, you make changes, you get team involved, more tweaks, then code, then QA. etc.

I personally met Pat / Doug and have worked with them, these guys are pros. They have wives/girlfriend they have lives and supporting family. From my initial impression they share one quality I love about creative people, they are passionate about what they do and I respect them for that. These guys are not going to pack up and leave as you put it.

The Hack on Mintpal clearly was a major blow which affected not only the coin but so many upcoming projects as they had to shift gears to repair the damages as well as some other attack on their servers. Clearly there are those who wish this coin not to succeed.

It is natural to worry about your investment as you should be, understand that with the amount of FUD that took place here past few weeks after the hack, I fully understand the concern. I did my best not to judge one initial investor who made tons of promises, promos, major parties, celebrities etc. I am not easily impressed, put up or shut up is my take. otherwise its BS.

As far as upcoming projects: I am sure these guys are working on upcoming features, Doug has voiced his desire for Decentralized aspect of this coin, and some projects they won't reveal yet.

For the past few days a few members have contributed in Major ways, promoting the coin on Radio, Bitcoin meet up groups, Launching supporting website, offering feedback/ ideas - This coin has a bright future, as a community we need to be patient, help and respect each other. No need for name calling, the last thing we need is to turn on each other.



Thanks Shinraven for breaking this down so well, I appreciate it man.  This guy is doing wonders for VeriCoin, all the wonderful designs for the website, the logo, the new UI coming.  It's fantastic work, kudos to him.

To address Monkeys concerns:
Listen guys I understand that in crypto the knee jerk reaction is to claim scam/dump, this is NOT the case here and we would prefer you honestly ask yourself if we are those type of people.  You would actually be shocked how many times we have to convince people this is not a scam, even after doing all the things Shinraven mentioned.  

Rule of thumb, if the devs are showing their face and names, they are generally not scammers/dumpers.  If we wanted to have some big plot to dump or whatever we would have never revealed our names because we would know there would people after us essentially.  It doesn't make any sense.

I'm probably not going to say this again because we have already moved forward but to be clear.  The hack screwed up our timelines.  The rollback took a couple days, getting the network stable took a few more, combating the FUD and conspiracy theories took a few more and is ongoing.  The supernodes were DDOSed multiple times, which isn't really that big of a problem, but it is when your network is new like it was post rollback.  We are beyond all this now so it's all ok.

However we did realize a few things:
1.  ETA's usually cause more problems than they solve.  The reason being, as you can see from the mintpal fiasco we cannot predict certain scenarios especially more extreme ones, and in crypto if you miss a deadline or the release is incomplete on the deadline, there is typically a dump.  This is not because we didn't work but because we set deadlines that we were not able to meet for many reasons usually. Honestly there were multiple nights that I was up till 5am trying to meet a deadline, it's not a good approach.

2.  So if you need a strict ETA for investment reasons you are not going to get it here.  With the help of Socal and Scott Allyn we have devised a new system for being clear with everyone about where we are, but without setting ourselves up for something we cannot always predict.   http://vericoinnews.info/vericoin-roadmap/

3. See it from our eyes for a moment.  We put blood and sweat into VeriCoin and nearly watched it get killed by some hacker.  Thankfully they were not successful and we hacked the hacker essentially.  It's also now not possible to hack that much coin.  However aside from the draining aftermath we had to recover ourselves, physically and emotionally.  In addition Pat's grandfather passed away, Dave moved into a new house and so on.  You add all these things up and yeah our schedule fell behind and we have been less active in the forums, but that is nothing compared to everything else.

4. Now we are coming back and stronger than ever!  Our network is stronger than it ever has been, 22 million staking today!  Our community and coin persevered one of the most devastating attacks in crypto history!  The community has rallied in a major price trough to build a news site devoted to VeriCoin, VRC Radio has a third DJ, the new website is out (big collaborative effort).  All promised projects are very actively being developed in addition to totally new ones that move the ball forward even more!  We need a strong community to build a strong currency and we have that!  I say if you think you have what it takes, join us!
If you are planning this coin for the long term then you need to provide a greater incentive for people to stake it longterm.  Let the community vote on boosting the interest rate award for coins that have been staked 3 months and longer.  Similar to what banks do for people in the form of Certificates of Deposits.  If you think the avg staking is high now, a move like that would probably be setting daily staking records.

This could be a good idea...not sure how it would effect the economic model tho. The DEVs have stated many times that they would not increase interest rates. But it could work like a GIC(Government Investment Certificate) where you lock your money in for pre determined time and collect interest at the end of the lock in period. So you would lock in your coins to stake and not able use then for a week, a month or even a year. The wallet would keep track of staking time so if shut your wallet the it would start at the time you left at.

This would secure the coin but I don't know how it would effect the coin with regards to dumping, people would just dump there coins they gain from interest or they may not. Thoughts?
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