[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[albert_mt]

Hi guys,

I have been reading about all the traded coins in the last few weeks at the bitcointalk threads. The community support for VRC is simply amazing. Finally, I decided to jump in and completed my first VRC buy transaction at Bittrex. Thanks for creating this great crypto coin!
Btw, I am based in Luxembourg and would be more than happy to promote VRC here.

[ScottAllyn]

[...]Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

It's not worrisome at all. I suggest that you take some time to read up on how PoS works and try to be a little less quick to jump to "doom and gloom" conclusions. Coins are constantly building up and losing their Stake Weight. This likely contributes to some of the constant ups and downs that we see with the Network Stake over relatively short periods of time. The Network Stake has been above 28 Million four times today, once within the past hour. The high for the day is 31 Million.

[souljah1h]

how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

Of course these numbers, both, are not very meaningful for we don't really know, from them, ANYTHING at all. When/if the REAL number of coins staking are included in the upcoming wallent, THEN AND ONLY THEN we will have a REAL statistic, instead of a bull... inexact one.

As the coins stake, the weight resets, so thats why you see those big swings in the numbers

[albert_mt]

how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

22.2M is staking from 26M, that's a great community support.

[barabbas]

[...]Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

It's not worrisome at all. I suggest that you take some time to read up on how PoS works and try to be a little less quick to jump to "doom and gloom" conclusions. Coins are constantly building up and losing their Stake Weight. This likely contributes to some of the constant ups and downs that we see with the Network Stake over relatively short periods of time. The Network Stake has been above 28 Million four times today, once within the past hour. The high for the day is 31 Million.

I am not particularly interested in "learning" about an statistic that lacks meaning completely and can can jump up and down to the tune of 25-30% in a matter of minutes. It serves no purpose from the investing standpoint, and very limited from the network strength one. I consider in unnecessary and meaningless, basically, when it is perfectly possible to know how many REAL coins are staking every single moment, which is the statistic that matters.

Sue me for assuming that a jump (down) of 20%, equaling 6 million "coins" is "worrysome". I would remind you that, according to one of our devs, "it can be too much higher (than the real number)".

Nevertheless, it is reassuring that people like you so nicely and promptly can eliminate the "worry" part in worrysome. Thank you.

[barabbas]

how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

22.2M is staking from 26M, that's a great community support.

Uh, no, those are not real coins? The previous several pages deal with that subject in some detail...

[barabbas]

how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

This is a very worysome statistic, considering only 40 hours ago we were above 28 million. And it can only mean that millions of coins have been moved to the exchanges and dumped, hence the trajectory in the price.

Of course these numbers, both, are not very meaningful for we don't really know, from them, ANYTHING at all. When/if the REAL number of coins staking are included in the upcoming wallent, THEN AND ONLY THEN we will have a REAL statistic, instead of a bull... inexact one.

As the coins stake, the weight resets, so thats why you see those big swings in the numbers

Thank you for the additional info. Still, it remains worthless as an indicator of strength in the community holding coins.

[ScottAllyn]

[...]
Sue me for assuming that a jump (down) of 20%, equaling 6 million "coins" is "worrysome". I would remind you that, according to one of our devs, "it can be too much higher (than the real number)".

Lol. You're such a drama queen.

[criptix]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

[barabbas]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

[albert_mt]

how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

22.2M is staking from 26M, that's a great community support.

Uh, no, those are not real coins? The previous several pages deal with that subject in some detail...

Thank you! I am not experienced with the concept and difference between virtual and real coins. I will read back several page the conversation.

[criptix]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.

[barabbas]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.

Why don't you elaborate a bit more on that subject? It seems to me there have been a bunch willing to jump on the high end of insults and really adding no knowledge to the matter... when you say "a lot of money", what is "a lot of money" to you? Because, in my book, I don't care what valuation it has -I mean I DO care, very much, but you get my meaning-, 2.5% is just a very paltry percentage of whatever the amount is, something that can be achieved many times, a day, just trading those coins, so as far as profitability it is nil. Now, if through fees I can get "a lot of money" staking, additionally, it could be quite the selling point, so please DO elaborate on this and be free to use different price scenarios.

[criptix]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.

Why don't you elaborate a bit more on that subject? It seems to me there have been a bunch willing to jump on the high end of insults and really adding no knowledge to the matter...

i am not sure if you understand what i am talking about, but i will try to explain.

im telling you that it is very important from a perspective of a staker to know when he actually stakes a block.
you can compare this to bitcoin mining, the miner also wants to know when he gets a block or rather a time estimation of that.

the transactions fees was just one of the reason why it is important to know how much time you need to stake/mine a block.
every block contains x amounts of transactions which contains transactions fees which goes to the staker/miner of the block.

when you say "a lot of money", what is "a lot of money" to you? Because, in my book, I don't care what valuation it has -I mean I DO care, very much, but you get my meaning-, 2.5% is just a very paltry percentage of whatever the amount is, something that can be achieved many times, a day, just trading those coins, so as far as profitability it is nil. Now, if through fees I can get "a lot of money" staking, additionally, it could be quite the selling point, so please DO elaborate on this and be free top use different price scenarios.

well if vericoin has a higher marketcap the interest and txfee's you receive as a staker will be much more worth then it is if the marketcap would be lower. that was all i wanted to point out.

that you dont care about 2,5% because you think every daytrader does alot of profit is neither true nor related to my explaination or the question itself.

interest rate in pos coins is just the incentive to providing support to the network like mining bitcoin blocks give you right now 25 btc + txfee's of that block.

[MAD945]

Every other POS coin shows stake weight as coins staking in there wallets. Correct me if I'm wrong please!

[barabbas]

@barabbas

coinweight is a much better indicator for time estimation of your block/interest time.
the amount of coins alone wont give a clear indication therefor.
this is the reason why coinweight is displayed.
i agree though that it would be nice to see the amount of coins staking too and as already stated it will be implemented.

This is where I normally "lose it". Indicator of what, how much your staking coins are producing? It cannot be more than 2.5% TOTAL, IN A YEAR so who the hell cares even remotely about that?? Come on... I understand it will be an indicator of some loose value for the devs to know the strength, so to speak, of the network, but they will have a very close idea of it by looking at the REAL numbers, just the same.

So, I will repeat: Meaningless.

for people who are staking its quite important to know when they probaly get a block - even more if you are staking 24/7. also additionaly to the interest you also receive tx fees.
with this marketcap right now its not much, but with a higher marketcap this can be alot of money.

Why don't you elaborate a bit more on that subject? It seems to me there have been a bunch willing to jump on the high end of insults and really adding no knowledge to the matter...

i am not sure if you understand what i am talking about, but i will try to explain.

im telling you that it is very important from a perspective of a staker to know when he actually stakes a block.
you can compare this to bitcoin mining, the miner also wants to know when he gets a block or rather a time estimation of that.

the transactions fees was just one of the reason why it is important to know how much time you need to stake/mine a block.
every block contains x amounts of transactions which contains transactions fees which goes to the staker/miner of the block.

when you say "a lot of money", what is "a lot of money" to you? Because, in my book, I don't care what valuation it has -I mean I DO care, very much, but you get my meaning-, 2.5% is just a very paltry percentage of whatever the amount is, something that can be achieved many times, a day, just trading those coins, so as far as profitability it is nil. Now, if through fees I can get "a lot of money" staking, additionally, it could be quite the selling point, so please DO elaborate on this and be free top use different price scenarios.

well if vericoin has a higher marketcap the interest and txfee's you receive as a staker will be much more worth then it is if the marketcap would be lower. that was all i wanted to point out.

that you dont care about 2,5% because you think every daytrader does alot of profit is neither true nor related to my explaination or the question itself.

interest rate in pos coins is just the incentive to providing support to the network like mining bitcoin blocks give you right now 25 btc + txfee's of that block.

I did understand perfectly. And that incentive of 2.5% is paltry to say the list (nothing negative about it, just a fact). And so are the fees that stakers will be collecting. When you say it is not true that any daytrader can make many times 2.5% kin a single day, well what can I say. Bots make much more than that and the person doesn't need to be even "working". Those are facts. I do understand though that there are many people who stake because they are looking for much bigger gains, with time, and every bit helps. Fact is though that holding and staking, unless the price goes up, is a losing proposition.

For the purpose of investing, new investors, that are needed for the price and the project to progress, what counts is the strength of the stake holders. And that strength is measured in REAL coins holding in their wallets, staking or not (preferably the former), not some wildly oscillating number that represents the strength of the network.

I agree having both, since it is quite easy and possible, is hitting the jackpot, so to speak.

[barabbas]

Every other POS coin shows stake weight as coins staking in there wallets. Correct me if I'm wrong please!

If that is the case, they are misleading, by omission, the community and potential investors.

[albert_mt]

how is the butthurt? This is going where all the other flashmined coins go: zero

(just dumped my cinni today)

I'd ask you to invest your cinni-buns in VRC, but we really need "smart" money ATM... Top 100 wallets (and likely more) are proof of smart money invested in VeriCoin.

Stake Weight is 22.2M ATM

I'd be interested in some naked shortselling. Someone wants to lend me some vrc? I'll give you back +3% vrc in a few weeks.

I bought in at 8.6K the price is right now 10K, the 3% isn't attractive enough.
Btw, this is a strong community. You will see, if you offer a better return you will get many offers in no time, many community members believe in the price increase and many of them will lend you against your short selling.

[albert_mt]

Every other POS coin shows stake weight as coins staking in there wallets. Correct me if I'm wrong please!

If that is the case, they are misleading, by omission, the community and potential investors.

I have just purchased VRC, are you saying the information in the wallet is misleading?

Btw, I just watched the hangout at youtube, really great stuff, clear plans and very good prospects. The PR team and plan is very strong, a PR company will be hired and the coin will be taken to the latino community. I have to agree with some of the IRC members that 1VRC=$1 price is very likely.

[albert_mt]

Sorry, I forgot, here is the hangout video at https://www.youtube.com/watch?v=l8cHSsNYtNA  This is really encouraging!