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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1341906 times)
Xosihc
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August 13, 2014, 04:12:18 AM
 #12941

I was just reading Matthew Bonari's very interesting article on vericoinnews, (http://vericoinnews.info/latest-news/stakeholder-confidence-milestones-and-blockchain-analytics/), and was wondering if it would be possible to elaborate on why the accumulation is a good thing.

I am not sure what your question is referring to. Accumulation is one thing and big percentage numbers of coins staking or otherwise locked up in wallets, is another entirely. Since

What I meant to ask is if someone who actually knows what they're talking about could answer.  That ain't you.

What are you trying to clarify? Why it's a good thing top coin holders are accumulating?

Your explanation was fine, thanks.

That was a misspost, obviously. Your subsequent one is pure, raw idiocy and therefore do not consider my answer at all directed to you but more towards anyone that has some doubts about what this "staking fever" can mean. Any kind of response whatsoever from you will be immediately dismissed, so fuck you, ok?

I'm not trying to troll you, I'm just very curious to to ask... How old are you really? Where in the world do you live? And what do you do for a living? I completely understand this is the internet and you can easily lie in answering those questions. Could you just PM me the truthful answers to those questions and I won't share them if you don't want me to.
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August 13, 2014, 04:25:54 AM
 #12942

I was just reading Matthew Bonari's very interesting article on vericoinnews, (http://vericoinnews.info/latest-news/stakeholder-confidence-milestones-and-blockchain-analytics/), and was wondering if it would be possible to elaborate on why the accumulation is a good thing.

I am not sure what your question is referring to. Accumulation is one thing and big percentage numbers of coins staking or otherwise locked up in wallets, is another entirely. Since

What I meant to ask is if someone who actually knows what they're talking about could answer.  That ain't you.

What are you trying to clarify? Why it's a good thing top coin holders are accumulating?

Your explanation was fine, thanks.

That was a misspost, obviously. Your subsequent one is pure, raw idiocy and therefore do not consider my answer at all directed to you but more towards anyone that has some doubts about what this "staking fever" can mean. Any kind of response whatsoever from you will be immediately dismissed, so fuck you, ok?

I'm not trying to troll you, I'm just very curious to to ask... How old are you really? Where in the world do you live? And what do you do for a living? I completely understand this is the internet and you can easily lie in answering those questions. Could you just PM me the truthful answers to those questions and I won't share them if you don't want me to.

Don't worry it's just barabbass...our resident autistic super troll. We think he was abused in the lab where he was created, that's why he has a tendency to lash out at others. We're still trying to train him not to shit where he eats but we're still working on it...
Xosihc
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August 13, 2014, 05:17:01 AM
 #12943

Don't worry it's just barabbass...our resident autistic super troll. We think he was abused in the lab where he was created, that's why he has a tendency to lash out at others. We're still trying to train him not to shit where he eats but we're still working on it...

I completely get the troll in barabbas - I troll enough myself on the internet to respect what he is doing but man... at some point I really just want to know more about him. He trolls SO HARD on this forum - I want to learn more about him as a person. I do hope he answers me.
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August 13, 2014, 05:26:29 AM
 #12944

Don't worry it's just barabbass...our resident autistic super troll. We think he was abused in the lab where he was created, that's why he has a tendency to lash out at others. We're still trying to train him not to shit where he eats but we're still working on it...

I completely get the troll in barabbas - I troll enough myself on the internet to respect what he is doing but man... at some point I really just want to know more about him. He trolls SO HARD on this forum - I want to learn more about him as a person. I do hope he answers me.

me too.. curious about barabbass.. he does really seem like an intelligent person with a beard..
Xosihc
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August 13, 2014, 05:30:31 AM
 #12945

Don't worry it's just barabbass...our resident autistic super troll. We think he was abused in the lab where he was created, that's why he has a tendency to lash out at others. We're still trying to train him not to shit where he eats but we're still working on it...

I completely get the troll in barabbas - I troll enough myself on the internet to respect what he is doing but man... at some point I really just want to know more about him. He trolls SO HARD on this forum - I want to learn more about him as a person. I do hope he answers me.

me too.. curious about barabbass.. he does really seem like an intelligent person with a beard..

Like I said... if he would be honest with his answers I would love to know: age, geographic, and profession. He could either be a 13 year old from CA, USA who is going to Summer school. Or a 55 year old banker from Switzerland who got his MBA in economics... The jury is still out.
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August 13, 2014, 05:41:14 AM
 #12946

Other crypto currency coins that are currently valued higher than Vericoin (in no particular order)...
- Primecoin
- Quart
- Bytecoin
- Stellar
- Feathercoin
- Monacoin
- Zetacoin
- Neutrino
- Namecoin
- Mastercoin

I mean seriously for a second. All any coin is - is a software. To transmit money. People seriously find Quart! Fucking Quart!! A more valuable software program, without any active develpoment team mind you, a more sophisticated and valuable software program than Vericoin? It just blows my mind. 
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August 13, 2014, 05:45:09 AM
 #12947

Other crypto currency coins that are currently valued higher than Vericoin (in no particular order)...
- Primecoin
- Quart
- Bytecoin
- Stellar
- Feathercoin
- Monacoin
- Zetacoin
- Neutrino
- Namecoin
- Mastercoin

I mean seriously for a second. All any coin is - is a software. To transmit money. People seriously find Quart! Fucking Quart!! A more valuable software program, without any active develpoment team mind you, a more sophisticated and valuable software program than Vericoin? It just blows my mind.  

Lots of coins are better than one that was rolled back like the federal reserve controlled it.  Tongue

Security of the block chain is very important. Given how easily VRC was vulnerable to an exchange hack which made the devs want to act as the Federal Reserve is enough reason for me to never want to touch VRC with a 1000 foot pole.

Price has spoken to confirm my suspicions over the last 4 weeks.

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           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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August 13, 2014, 05:45:56 AM
 #12948

oh and still falling: LAST 0.00007846 BTC   Roll Eyes

███████████████████████████████████████

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███████    ▐▄     ²██╩     a▌    ███████
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           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Xosihc
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August 13, 2014, 05:46:50 AM
 #12949

Other crypto currency coins that are currently valued higher than Vericoin (in no particular order)...
- Primecoin
- Quart
- Bytecoin
- Stellar
- Feathercoin
- Monacoin
- Zetacoin
- Neutrino
- Namecoin
- Mastercoin

I mean seriously for a second. All any coin is - is a software. To transmit money. People seriously find Quart! Fucking Quart!! A more valuable software program, without any active develpoment team mind you, a more sophisticated and valuable software program than Vericoin? It just blows my mind.  

Lots of coins are better than one that was rolled back like the federal reserve controlled it.  Tongue

That was such an insignificant event that was blown so far out of proportion. I have yet to hear from 1 person or company that was effected by it.

Edit: oh, other than the hacker who tried to steal millions of dollars worth or vericoin, who still to this day has decided to remain anonymous.
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August 13, 2014, 05:48:26 AM
 #12950

oh and still falling: LAST 0.00007846 BTC   Roll Eyes

I still am waiting for it to go lower =p that's the best part Wink
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August 13, 2014, 05:54:11 AM
 #12951

Other crypto currency coins that are currently valued higher than Vericoin (in no particular order)...
- Primecoin
- Quart
- Bytecoin
- Stellar
- Feathercoin
- Monacoin
- Zetacoin
- Neutrino
- Namecoin
- Mastercoin

I mean seriously for a second. All any coin is - is a software. To transmit money. People seriously find Quart! Fucking Quart!! A more valuable software program, without any active develpoment team mind you, a more sophisticated and valuable software program than Vericoin? It just blows my mind.  

Lots of coins are better than one that was rolled back like the federal reserve controlled it.  Tongue

That was such an insignificant event that was blown so far out of proportion. I have yet to hear from 1 person or company that was effected by it.

Edit: oh, other than the hacker who tried to steal millions of dollars worth or vericoin, who still to this day has decided to remain anonymous.

You forget the devs set the rules in place when they launched VRC. To go back on it because a business fucked up is an epic fail.

Not to mention what happens the next time there is a very large VRC hack or scam? ROLL BACK LIKE WAL-MART? lol Cheesy

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           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Xosihc
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August 13, 2014, 06:01:45 AM
 #12952

You forget the devs set the rules in place when they launched VRC. To go back on it because a business fucked up is an epic fail.

Not to mention what happens the next time there is a very large VRC hack or scam? ROLL BACK LIKE WAL-MART? lol Cheesy

Again, it really meant nothing. 1st off - it effected no body (because it's so early in development no one is really using it for e-commerce). 2nd - the community could have stepped up and denied the rollback if they wanted to (it still took a majority of wallets to upgrade to make the change happen). Because of point #1 - the community could have cared less to do point #2.

In the future - if VRC has a more important role (say Veribank is a huge success) and a major hack happens. The entire community would still have to stand behind another rollback to make it actually successful. It's not just up to the devs.
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August 13, 2014, 06:29:17 AM
 #12953

why the price drops a lot, because of roll back? Cry
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August 13, 2014, 06:44:06 AM
 #12954

at this point its really anyones guess maybe hardcore accumulation in anticipation of weekend releases or dumping because of lack of confidence either way its having the same effect, which is price staying low
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August 13, 2014, 06:47:02 AM
 #12955

every single day I am horrified. Price lower and lower, I do not fully understand "why?".
It seems that was the peak at 50k, which VRC will never see...
Sorry investment and faith in the VRC. Developers pretend that nothing has happened, it is also sad.
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August 13, 2014, 07:17:09 AM
 #12956

As long as i trust the devs (and I do), i will invest more and more in Vericoin. I get another small amount of BTC today and will buy more VRC. I'm pretty sure it pays out.

https://litebit.eu/registration/de/3337ouEH2M/
Add a VRC banner to your Website & support VERICOIN
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August 13, 2014, 07:22:16 AM
 #12957

every single day I am horrified. Price lower and lower, I do not fully understand "why?".
It seems that was the peak at 50k, which VRC will never see...
Sorry investment and faith in the VRC. Developers pretend that nothing has happened, it is also sad.

yeah.. this perplexes me too.. devs not being concerned of the downward spiral
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August 13, 2014, 07:27:26 AM
 #12958

every single day I am horrified. Price lower and lower, I do not fully understand "why?".
It seems that was the peak at 50k, which VRC will never see...
Sorry investment and faith in the VRC. Developers pretend that nothing has happened, it is also sad.

yeah.. this perplexes me too.. devs not being concerned of the downward spiral

What do you want the devs to do exactly?

Push the magical button that makes the price go up? The market is being pushed down by manipulators...plain and simple.
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August 13, 2014, 07:33:43 AM
 #12959

every single day I am horrified. Price lower and lower, I do not fully understand "why?".
It seems that was the peak at 50k, which VRC will never see...
Sorry investment and faith in the VRC. Developers pretend that nothing has happened, it is also sad.

yeah.. this perplexes me too.. devs not being concerned of the downward spiral

What do you want the devs to do exactly?

Push the magical button that makes the price go up? The market is being pushed down by manipulators...plain and simple.

rollback the price perhaps?
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August 13, 2014, 07:50:33 AM
 #12960

every single day I am horrified. Price lower and lower, I do not fully understand "why?".
It seems that was the peak at 50k, which VRC will never see...
Sorry investment and faith in the VRC. Developers pretend that nothing has happened, it is also sad.

yeah.. this perplexes me too.. devs not being concerned of the downward spiral

This the inevitable and ever repeated situation when panic and despair start hitting even the most recalcitrant cheerleaders and choirboys: The have lost 90% of what it once was. In a few weeks. Understandable. As, as usual, looking at the devs hopping for some magic trick to at least provoke a bounce to... maybe half what it was? How 25k sounds just about now? Most would have had enough, cash their chips and say "sorry, nice guys, but I cannot stand the pressure. I'm out". Has happened in dozens of coins before and is happening in VRC, inexorably, right now.

Are the devs concerned? You bet they are. They cannot do anything, though, other than what they did yesterday (announcing a "secret weapon" announcement -redundancy intended), come weekend. They too, where they had $80k now have just about $10K. They too are hurting. And more than anyone would like to see it rebound. But there's nothing they can do... short of spending their private money in buying more VRC... which maybe some of them are actually doing. To no discernible avail. The dumping continues. Now on panic mode, I'm sure those staking wallets have started to move coins to the exchanges to unload and salvage at least a 10th of what was and at least some of their initial investment. The "secret weapon" announcement? No credibility left. The few people that is buying any crypto is buying only a handful of coins, those with the biggest volume and a bit of Nautilus in hopes it'll rebound even more when they enact the POS. Nothing left for any others and definitely no buyers in VRC, only sellers. So, price at lows again. Two plus two will always add to four.

Now, the real question here is, is this community capable of sustaining VRC. And the obvious answer is, definitely no. Not enough, sorry. Everyone than can and want to help, has already bought as much as they could. And there are still some 7-9 million coins that want to be sold every day no matter how low the price. IF the community doesn't buy those coins, the price will continue going down. As simple as that. Now, IF the community buys the coins, there will not be a market ... unless demand is created somehow. Perhaps the "secret weapons" announcement will be something much more than a white paper and some in crypto will rush to buy... that is a very hard scenario to fathom now but if it happens, provided the community controls the entire float, the rebound could be swift and very big, but, like I said before, I doubt very much that if some in the community can  get some BTC to buy those 7 million, they are going to hold without selling on a significant rebound. And then we will have the exact same case Blackcoin is having for many weeks now.

So those are the reasons for the despair, frustration and crying for devs' help. Same old, same old.

Stating this factual truth, for a couple of now-jaded cheerleaders, is me shitting in the hand where I eat... that's funny. I have eaten a bit on the hands of a few coins, PINK and NAUT of late, but very, very little on VRC. I mam, like about a thousand of others, holding a significant -for me- bag and booking a few gains in the rare moments one can get them for about ten seconds. They believe -amazingly- that if a post here the kind of nonsense they like -patience, nothing is wrong, VRC is the best, we will get to $1 per coin and the other nonsense-, that will actually have an effect on the price. Like I said: Amazing, simply Wow. Actually, WOW.

Now what's really funny, delirious even, is the personal interest of a few in my personal stats... But hey, when there's interest, there should be money. And I am all for money, so I'll tell you what: I can be much more... everything than I am here on pay-per-view. Get together and make me an offer and I guarantee you a much more funny, incredibly much more professional Google hangout that you will ever see the devs here deliver.ine, I repeat, is far from free.

But I'll accept payment in VRC... although this decision is only valid temporarily and can be revoked without notice. I'm sure you will understand, given the circumstances...

Come on boys, 50 takers and you are on!
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