Bitcoin Forum
December 18, 2017, 05:37:49 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Where would you prefer the VRC/VRM exchange pair be?
Bittrex
Poloniex
Both
Other

Pages: « 1 ... 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 [625] 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 ... 964 »
  Print  
Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346523 times)
drkman
Sr. Member
****
Offline Offline

Activity: 378


View Profile
August 08, 2014, 06:43:53 PM
 #12481

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?
The other beauty of it is that since it theoretically maintains a high stake rate, you are tremendously protected from any Mintpal type hack and 51% attack on the coin.  Noone is going to pull off a 51% attack with an average stake rate above 20million and it also drys the sell supply up which makes it harder for the coin to dump and easier for the price to rise.  Well worth seriously considering.
1513618669
Hero Member
*
Offline Offline

Posts: 1513618669

View Profile Personal Message (Offline)

Ignore
1513618669
Reply with quote  #2

1513618669
Report to moderator
1513618669
Hero Member
*
Offline Offline

Posts: 1513618669

View Profile Personal Message (Offline)

Ignore
1513618669
Reply with quote  #2

1513618669
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513618669
Hero Member
*
Offline Offline

Posts: 1513618669

View Profile Personal Message (Offline)

Ignore
1513618669
Reply with quote  #2

1513618669
Report to moderator
1513618669
Hero Member
*
Offline Offline

Posts: 1513618669

View Profile Personal Message (Offline)

Ignore
1513618669
Reply with quote  #2

1513618669
Report to moderator
Xosihc
Hero Member
*****
Offline Offline

Activity: 534

Hello


View Profile
August 08, 2014, 06:55:10 PM
 #12482


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!

Thank you for taking the time to reply back to us on bitcointalk - I know y'all are chillin in the IRC channels frequently but it's always nice to actually see a post done on here. Just my opinion but if you could continue just to chime in every day or two with a simple post I think it would relieve some of the stress the community is experiencing with the lack of feeling like we know what's going on.  

Anyway, thanks for taking the time to share!
GaliX
Hero Member
*****
Offline Offline

Activity: 504


1NtkLdA98eGnsn8nEKpBGRd2VYGNBkGzd6


View Profile WWW
August 08, 2014, 07:00:24 PM
 #12483

[
Thank you for taking the time to reply back to us on bitcointalk - I know y'all are chillin in the IRC channels frequently but it's always nice to actually see a post done on here. Just my opinion but if you could continue just to chime in every day or two with a simple post I think it would relieve some of the stress the community is experiencing with the lack of feeling like we know what's going on.  

Anyway, thanks for taking the time to share!

there should be the possibility to stack the wallet online somehow and not leave a computer 24h online for 3 months to gain that level increased stacking level.

Maybe we can make it possible to let coins stack on the decentralized exchange somehow and let the exchange nodes do the computing work?
Does somebody know if this is even somehow possible?

Holy... Imagin every coin could be separately stacked on the decentralized exchange. This could take over the volume of all other altcoin-exchanges.

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 ---
Miller0
Jr. Member
*
Offline Offline

Activity: 38


View Profile
August 08, 2014, 07:06:42 PM
 #12484

Nice work there on the roadmap and the news site everyone, thanks!
MAD945
Hero Member
*****
Offline Offline

Activity: 546



View Profile
August 08, 2014, 07:08:22 PM
 #12485

[
Thank you for taking the time to reply back to us on bitcointalk - I know y'all are chillin in the IRC channels frequently but it's always nice to actually see a post done on here. Just my opinion but if you could continue just to chime in every day or two with a simple post I think it would relieve some of the stress the community is experiencing with the lack of feeling like we know what's going on.  

Anyway, thanks for taking the time to share!

there should be the possibility to stack the wallet online somehow and not leave a computer 24h online for 3 months to gain that level increased stacking level.

Maybe we can make it possible to let coins stack on the decentralized exchange somehow and let the exchange nodes do the computing work?
Does somebody know if this is even somehow possible?

Holy... Imagin every coin could be separately stacked on the decentralized exchange. This could take over the volume of all other altcoin-exchanges.

The Devs are working on this as we speak...away to stake without the need for a computer.
socal
Hero Member
*****
Offline Offline

Activity: 518


View Profile
August 08, 2014, 07:19:36 PM
 #12486

[
Thank you for taking the time to reply back to us on bitcointalk - I know y'all are chillin in the IRC channels frequently but it's always nice to actually see a post done on here. Just my opinion but if you could continue just to chime in every day or two with a simple post I think it would relieve some of the stress the community is experiencing with the lack of feeling like we know what's going on.  

Anyway, thanks for taking the time to share!

there should be the possibility to stack the wallet online somehow and not leave a computer 24h online for 3 months to gain that level increased stacking level.

Maybe we can make it possible to let coins stack on the decentralized exchange somehow and let the exchange nodes do the computing work?
Does somebody know if this is even somehow possible?

Holy... Imagin every coin could be separately stacked on the decentralized exchange. This could take over the volume of all other altcoin-exchanges.

The Devs are working on this as we speak...away to stake without the need for a computer.

With a bit of tweaking, it is my understanding that you can stake with a Raspberry Pi with no need for a computer, although I haven't tried it myself yet
luisb
Jr. Member
*
Offline Offline

Activity: 43


View Profile
August 08, 2014, 07:42:39 PM
 #12487

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.


Thanks pal!

Some feedback

1. IMO project description is the most important part of vericoinnews.info so it should be pretty visible without having to toogle, tap or click anywhere... progression bars are quite useless, apart from online frames haha if you dont wanna give deadlines you could at least give some approximate release date like last quarter of 2014 or winter 2014-15, etc like ethereum is doing..

2. There should be detailed descriptions of the projects and for what they will be useful for, so investors and bagholders that visit the website can take informed decisions and help the price and market cap increase or at least remain stable..

3. Please consider including the roadmap and project descriptions in vericoin.info, hiding it behind tools/roadmap/toggle to see project descriptions and forcing possible investors or vrc holders to search the site from head to toe is, to put it mildly, incongruous.





socal
Hero Member
*****
Offline Offline

Activity: 518


View Profile
August 08, 2014, 08:00:34 PM
 #12488

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?

this would probably be something better instituted by the VeriBank rather then the Devs doing what they claimed they would not and increasing interest rates, just my thoughts on it
johnwest
Hero Member
*****
Offline Offline

Activity: 574


TheAbyss


View Profile
August 08, 2014, 08:20:59 PM
 #12489

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.

It's actually golden opportunity for whom who missed last time, I know price is very low,
and dropping everyday but how long, once it will going upwards again and will touch high again.



             ▄█
            ██  ██
           ██  ████
          ██  ██  ██
         ██  ██    ██
        ██  ██  ██  ██
       ██  ██    ██  ██
      ██  ██  ██  ██  ██
     ██  ██  ████  ██  ██
    ██  ██  ██  ██  ██  ██
   ██  ██  ██    ██  ██  ██
  ██  ██  ██████████  ██  ██
 ██                    ██  ██
█████████████████████▄  ██  █
                         ██
▀███████████████████████████




█████ █   █ █████      ███          █████████████▄▄    ████            ████     ▄▄██████████      ▄▄██████████
  █   █   █ █         █████         ████████████████    ████          ████     █████████████     █████████████
  █   █████ █████    ███████        ███         ▀███     ████        ████     ███▀              ███▀
  █   █   █ █        ███ ███        ███          ███      ████      ████      ███               ███
  █   █   █ █████   ███   ███       ███          ███       ████    ████       ███               ███
                    ███   ███       ███         ▄███        ████  ████        ███▄              ███▄
                   ███     ███      ██████████████▀          ████████          ██████████▄▄      ██████████▄▄
                   ███     ███      ██████████████▄           ██████            ▀▀██████████      ▀▀██████████
                  ███       ███     ███         ▀███           ████                      ▀███              ▀███
                  █████████████     ███          ███           ████                       ███               ███
                 ███████████████    ███          ███           ████                       ███               ███
                 ███         ███    ███         ▄███           ████                      ▄███              ▄███
                ███           ███   ████████████████           ████           ██████████████    ██████████████
                ███           ███   █████████████▀▀            ████           ███████████▀▀     ███████████▀▀

█  █
█  █
█  █
█  █
█  █
█▄▄
▀▀█
█  █
█  █
█  █
█  █
█  █

█  █
█  █
█  █
█  █
█  █
█▄▄
▀▀█
█  █
█  █
█  █
█  █
█  █

█  █
█  █
█  █
█  █
█  █
█▄▄
▀▀█
█  █
█  █
█  █
█  █
█  █
■  Twitter
■  Telegram
■  Facebook
Wreathy
Full Member
***
Offline Offline

Activity: 141

Follow ur gut instinct, it is there for a reason.


View Profile WWW
August 08, 2014, 08:51:00 PM
 #12490

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.


Thanks pal!

Some feedback

1. IMO project description is the most important part of vericoinnews.info so it should be pretty visible without having to toogle, tap or click anywhere... progression bars are quite useless, apart from online games haha if you dont wanna give deadlines you could at least give some approximate release date like last quarter of 2014 or winter 2014-15, etc like ethereum is doing..

2. There should be detailed descriptions of the projects and for what they will be useful for, so investors and bagholders that visit the website can take informed decisions and help the price and market cap increase or at least remain stable..

3. Please consider including the roadmap and project descriptions in vericoin.info, hiding it behind tools/roadmap/toggle to see project descriptions and forcing possible investors or vrc holders to search the site from head to toe is, to put it mildly, preposterous.







Bit like your 19th rant. Preposterous.

yoshiwatusi
Full Member
***
Offline Offline

Activity: 126


View Profile
August 08, 2014, 09:11:32 PM
 #12491


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!

Thank you for taking the time to reply back to us on bitcointalk - I know y'all are chillin in the IRC channels frequently but it's always nice to actually see a post done on here. Just my opinion but if you could continue just to chime in every day or two with a simple post I think it would relieve some of the stress the community is experiencing with the lack of feeling like we know what's going on.  

Anyway, thanks for taking the time to share!

much appreciated...
luisb
Jr. Member
*
Offline Offline

Activity: 43


View Profile
August 08, 2014, 09:18:26 PM
 #12492

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.


Thanks pal!

Some feedback

1. IMO project description is the most important part of vericoinnews.info so it should be pretty visible without having to toogle, tap or click anywhere... progression bars are quite useless, apart from online games haha if you dont wanna give deadlines you could at least give some approximate release date like last quarter of 2014 or winter 2014-15, etc like ethereum is doing..

2. There should be detailed descriptions of the projects and for what they will be useful for, so investors and bagholders that visit the website can take informed decisions and help the price and market cap increase or at least remain stable..

3. Please consider including the roadmap and project descriptions in vericoin.info, hiding it behind tools/roadmap/toggle to see project descriptions and forcing possible investors or vrc holders to search the site from head to toe is, to put it mildly, preposterous.







Bit like your 19th rant. Preposterous.

Could you argument and actually use your brain explaining why my "rant" is preposterous instead of your ad hominem bullshit? I think thats the point of a forum, If you do not agree on something you just explain your reasons so we can discuss instead attacking me personally like a child, but hey, I guess you are 11 yo anyway so... meh
Wreathy
Full Member
***
Offline Offline

Activity: 141

Follow ur gut instinct, it is there for a reason.


View Profile WWW
August 08, 2014, 09:49:20 PM
 #12493

Simple really, not worded veri nicely, ever tried the approach of hey i got suggestions. etc ?

WTF is this? "forcing possible investors or vrc holders to search the site from head to toe is, to put it mildly, preposterous."

im sure websites have had these features since dawn of the internet. scroll up scroll down click interesting links. 

Navigation.


VERI AWESOME JOB ON THE NEW WEBSITE.  !  I,m sure with TIME you should be able to cram it all in one screen size no scrolling for those of us unable to navigate click links with out fear of thy inner inverstor shouting SCAM/FAKE/SHITE. Stay away

 

ereborltc
Hero Member
*****
Offline Offline

Activity: 728


View Profile
August 08, 2014, 10:16:25 PM
 #12494

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?

this would probably be something better instituted by the VeriBank rather then the Devs doing what they claimed they would not and increasing interest rates, just my thoughts on it
wow I just can't express how much this dev team is the absolute best in all of crypto .

Thanks for making things clear again ,knowing how annoying it must be ,but yet you do it anyway, you guys have done an unbelievable job dealing with everything and I'm happy to hear that everything is on track and were even stronger now, the future is bright!

regarding the raise of staking , i agree with @Socal this is something that will prob be done with veribank, which in itself is so exciting!

also very excited for these things in the works, anyone who's followed vrc from the start knows these devs deliver so expect great things and expect things you haven't even heard of yet.

Anyhow thanks to everyone involved in these developments i am VERI excited for vericoins future!
Kevondo
Sr. Member
****
Online Online

Activity: 420



View Profile
August 08, 2014, 10:56:37 PM
 #12495

[size=14Socal is LIVE! NOW on VRCRadio.comp][/size]

Kevondo
Sr. Member
****
Online Online

Activity: 420



View Profile
August 08, 2014, 10:57:34 PM
 #12496

Socal is LIVE! NOW on VRCRadio.comp

Kevondo
Sr. Member
****
Online Online

Activity: 420



View Profile
August 08, 2014, 10:57:50 PM
 #12497

Socal is LIVE! NOW on VRCRadio.com

Bobsurplus
Legendary
*
Offline Offline

Activity: 1008


Making money since I was in the womb! @emc2whale


View Profile
August 08, 2014, 10:58:50 PM
 #12498

Ouch... 11K.

I told you guys to bail after the rollback, you coulda still got out at around 30K if I remember correctly..

Better luck next time.

snakesoft33
Member
**
Offline Offline

Activity: 67

I AM HERE TO SEE THE NEW WORLD ORDER!!!!


View Profile
August 08, 2014, 11:23:57 PM
 #12499

Decentralize exchanges needs to come quicker then the speed of sound at this point. This is what all coins should be working on in my opinion.

You are absolutely right, the devs should focus on that.

I didn't think the devs ignore the community's input. I understood and remember they said on the hangout that they monitor the thread - they just don't have time to reply. That's fine, no one expect the devs permanent presence here. However, when such an intense discussion is on the thread like it was yesterday about the blockchain 2, Galix and others had concrete suggestions on the subject, plus other coins push very hard the technology, plus the money is clearly flowing to blockchain 2 related coins, then I think it would be very necessary that the devs would put a 5 minutes effort into the process and at least say something about the topic, so the community and potential investors would understand what will be the vericoin blockchain 2 strategy.
I think it is very important for potential investors to understand at least in principle the process and directions. For example I understood what Viacoin is aim to achieve with their blockchain 2 ClearingHouse, it seems it will be based on CounterParty, it is a very high level info, but it was good enough for me to get some Viacoin and right now I have more viacoin then vericoin (and I still have quite a lot vericoin but it is a different issue). Other people with money did the same, based on the very high level information bought into Viacoin. And we invested in the same way into Ethereum, except that I know Buterin and Gavin Wood and about their work for long, but most of the investors just invested based on a high level info. There is no word from the vericoin devs regarding what's the idea/direction about blockchain 2 never mind design or implementation details.  

Thanks for pointing out I should go to IRC and ask questions about the subject, but I think the devs should come here and instead of sharing some info with me on IRC they should share the info here with everyone. The blockchain 2 related info from the devs could be important for others as well, mainly for potential investors, so I believe that info should be here in this repository.

Decentralize First!!!

snakesoft33
Member
**
Offline Offline

Activity: 67

I AM HERE TO SEE THE NEW WORLD ORDER!!!!


View Profile
August 08, 2014, 11:45:03 PM
 #12500

I CREATE A POOL  "WHAT VERICOIN NEEDS RIGHT NOW"  PLEASE VOTE AND COMMENT ....


https://bitcointalk.org/index.php?topic=730578.0

Pages: « 1 ... 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 [625] 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 ... 964 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!