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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1350947 times)
Xosihc
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August 12, 2014, 08:41:09 PM
 #12881

The most and least successful people in the world share the same trait: thinking they're never wrong. VRC to daaaaaaa mooooooooooon! Hahaha
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August 12, 2014, 08:55:44 PM
 #12882

Yeah, I'm adding a more visible date range on the next report.

Currently I'm comparing market movement, highlighting movement every 24 hour period.

I may do them daily or weekly from here on out, depending on how much movement we actually see.


This is the comment I was referring to: "the total coins staked for this period are 408 VRC." Should that read: "the total coins created by staking for this period are 408 VRC."?

Got it, thanks for clarifying. Will make sure and update that on the next report.
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August 12, 2014, 09:06:59 PM
 #12883

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.
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August 12, 2014, 09:34:37 PM
 #12884

guys i'm on 1.3.4

only getting orphans. now i am not getting even those for 5 straight days. and it tells me i'll mine in 2 days. what can be the problem. i'm on the correct chain. at least i think so. i see the same blocks in the official explorer. so it's correct, right?
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August 12, 2014, 09:44:47 PM
 #12885

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.
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August 12, 2014, 09:47:20 PM
 #12886

For those of us hurting while holding bags, the devs are also hurting significantly. Their stakes were worth as much as $80,000, each, at one time while now they will be worth much less than $15,000 each if they were to cash out.

Not that any of them need the VRC money, mind you. This is just a hobby for the three of them, nothing more.
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August 12, 2014, 09:48:52 PM
 #12887

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.

or it could just mean that the coins got a block/interest and loss their weight...

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August 12, 2014, 09:52:06 PM
 #12888

I believe we will not go below the recent minimum of yesterday and that this is a nice trading opportunity. I already traded a few yesterday and bought more at significantly lower price a few minutes ago. I have also freed some BTC selling NAUT to keep the powder dry and buy more in the low 8s.

It will probably remain in a narrower and narrower trading channel until the "secret weapons" are announced over the weekend, no reason not to book a few small gains, something so exceptional at this point...
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August 12, 2014, 09:54:05 PM
 #12889

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.

or it could just mean that the coins got a block/interest and loss their weight...

Apparently it could mean a lot of things from the weather forecast in China to the price of lettuce in Andorra... what it doesn't mean is anything remotely connected to the REAL number of coins staking, which is the only showing of community ownership's strength, and therefore the only statistic that really matters.
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August 12, 2014, 10:02:42 PM
 #12890

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.

or it could just mean that the coins got a block/interest and loss their weight...

Apparently it could mean a lot of things from the weather forecast in China to the price of lettuce in Andorra... what it doesn't mean is anything remotely connected to the REAL number of coins staking, which is the only showing of community ownership's strength, and therefore the only statistic that really matters.

no it cant, coinweight is directly related to the amount of coins staking and has nothing to do with "weather forecast in China to the price of lettuce in Andorra"

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August 12, 2014, 10:40:48 PM
 #12891

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.

or it could just mean that the coins got a block/interest and loss their weight...

Apparently it could mean a lot of things from the weather forecast in China to the price of lettuce in Andorra... what it doesn't mean is anything remotely connected to the REAL number of coins staking, which is the only showing of community ownership's strength, and therefore the only statistic that really matters.
This is user error on your part for not understanding how "Network Staking" is calculated in a POS coin.  Yes, maybe the POS gods should have given it a better name like "effective staking" to prevent confusion but you can just think of it this way.

Totals Coins Staking X Current Coin Age Multiplier (ex. 1.25) = Network Stake
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August 12, 2014, 10:43:07 PM
 #12892

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.
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August 12, 2014, 10:50:57 PM
 #12893

[...]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. Smiley

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August 12, 2014, 10:55:55 PM
 #12894

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

_@/'
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August 12, 2014, 10:56:26 PM
 #12895

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.
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August 12, 2014, 10:59:17 PM
 #12896

[...]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. Smiley

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.
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August 12, 2014, 11:00:10 PM
 #12897

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...
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August 12, 2014, 11:01:16 PM
 #12898

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.
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August 12, 2014, 11:02:30 PM
 #12899

[...]
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.

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August 12, 2014, 11:07:48 PM
 #12900

@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.

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