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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346435 times)
barabbas
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August 29, 2014, 01:30:48 AM
 #14581

Which one is the better investment Crypti or Vericoin? I like both coins, but the Crypti community predicts skyrocketing Crypti performance and stagnation for vericoin. What you guys think about vericoin price for the next 2-3 months? Would you invest 10 BTC in vericoin right now or better to wait for the floor?
I like the direction of the coin. I bought 6 btc when it was around 25k once I really looked at the coin. I have slowly been buying since. The devs transparency and honesty helps the coin in the long run but also hurt the coin in the short run. Like warr1979 said it was gearing up for a good hard run but Mintpal.....

The thing about crypto is time moves different. A week is like a month. A month is like 3-4 months. Good things will happen and the Mintpal crap will be forgotten soon. Another thing about crypto is what doesn't kill a coin only makes it stronger. Enough believe in the coin to keep it strong. I am sure the devs are in it for the long haul. Keep a coin strong and fresh and like a tree it will grow.

I am not telling you to invest. I don't give investment advice. I pushed the buy button and I life with the consequences whether good or bad. I either blame myself or pat myself in the back.

I don't think you are saying what warr1979 is saying (not that it would make much of a difference because both things are exercises in absurdity, but just to clarify things). If I have understood correctly -and I know I have- he blames the Mintpal "affair" for having DELAYED the otherwise plentiful slew and magnificent releases by our dynamic dev team...

You, on the other hand, seem to point to the MP "affair" as the cause of the derailment IN PRICE of the coin, that was "gearing up for a good hard run..." instead. Just to make things perfectly clear, when VRC stopped trading because of the "affair", it was in the 37k level, having been recently above 43k and just days before touching 58k. When trading resumed, VRC traded for quite a few days in the 34-32 region. Subsequently, a very, very, very slow downside spiral started, without any rebound. In no way, shape or form it can be made related to the MP "affair". As a matter of fact, the fall from the low 30s mirrored that of many other similar coins, particularly BlackCoin -that still mirrors in price behavior- and NAUT.

So very wrong on both counts. The MintPal "affair" did not delay anything at all, not even the vacations of the dev team, and in no way was, even remotely, the cause of the monumental sell-off.

Just keeping the record straight.

You can like "the direction the coin is going" just like you may like the color purple. You are just another bagholder who tries to convince himself it's oke to remain invested in it, but this coin is going in NO DIRECTION WHATSOEVER, none atm.

And hasn't been since launch, by the way.
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souljah1h
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August 29, 2014, 01:36:36 AM
 #14582

Quote
So very wrong on both counts. The MintPal "affair" did not delay anything at all, not even the vacations of the dev team, and i.

Just keeping the record straight.

You can like "the direction the coin is going" just like you may like the color purple. You are just another bagholder who tries to convince himself it's oke to remain invested in it, but this coin is going in NO DIRECTION WHATSOEVER, none atm.

And hasn't been since launch, by the way.
Why is it that you invested in this coin (not much, i have seen you somewhere posting)? What things in VRC did attract you? And what didnt you like?

_@/'
barabbas
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August 29, 2014, 01:58:31 AM
 #14583

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So very wrong on both counts. The MintPal "affair" did not delay anything at all, not even the vacations of the dev team, and i.

Just keeping the record straight.

You can like "the direction the coin is going" just like you may like the color purple. You are just another bagholder who tries to convince himself it's oke to remain invested in it, but this coin is going in NO DIRECTION WHATSOEVER, none atm.

And hasn't been since launch, by the way.
Why is it that you invested in this coin (not much, i have seen you somewhere posting)? What things in VRC did attract you? And what didnt you like?

I have posted a thousand times already the reasons, you simply don't want to remember. Here it goes again: This coin set a new standard in honesty and transparency and, for that, I wanted to be a part of it.

What didn't I like? Everything else that came after the launch: The baseless and completely stupid arrogance of Nosker, mainly but not only. The absolute lack of direction. The total lack of simple knowledge to code something of any significance... but more than anything else, the lack of action. On ANY direction with even a remote sense of PURPOSE.

You made me repeat it, I didn't think is was needed...

Now, I have finally understood the situation: The devs played their cards. They launched Vericoin. The three of them figured on dedicating maybe about 8 hours per week, each, to the coin and, most of that time, to do basically hangouts, tweets and any censored channel with the entire consensus of the cheerleading contingent. A project of the dimensions that Vericoin has gotten to, cannot be run like that. It is quite the full time job... and then something. And these three, as they have stated, have families, careers and school to do. Lots of it. Vericoin is a side show for them, nothing else. Oh they would like it to be successful and they are willing to invest more than double, at least for now, the time they planned in dedicating to it. For now. Holidays and all. But from here on, it is whatever anyone, away from the devs, makes of Vericoin or the project is going to end up in the gutter. The dev team lacks the skills AND the time, that salvaging Vericoin would require. As simple as that.

Complicating matters to extreme, they have monumental egos, reason why they won't just let others take charge. Or, simply, follow their lead.
And that's why we are where we are and we will be where we will be in the near future.

I certainly hope not to have to repeat any of this any more...
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August 29, 2014, 02:23:28 AM
 #14584

Quote
So very wrong on both counts. The MintPal "affair" did not delay anything at all, not even the vacations of the dev team, and i.

Just keeping the record straight.

You can like "the direction the coin is going" just like you may like the color purple. You are just another bagholder who tries to convince himself it's oke to remain invested in it, but this coin is going in NO DIRECTION WHATSOEVER, none atm.

And hasn't been since launch, by the way.
Why is it that you invested in this coin (not much, i have seen you somewhere posting)? What things in VRC did attract you? And what didnt you like?

I have posted a thousand times already the reasons, you simply don't want to remember. Here it goes again: This coin set a new standard in honesty and transparency and, for that, I wanted to be a part of it.

What didn't I like? Everything else that came after the launch: The baseless and completely stupid arrogance of Nosker, mainly but not only. The absolute lack of direction. The total lack of simple knowledge to code something of any significance... but more than anything else, the lack of action. On ANY direction with even a remote sense of PURPOSE.

You made me repeat it, I didn't think is was needed...

Now, I have finally understood the situation: The devs played their cards. They launched Vericoin. The three of them figured on dedicating maybe about 8 hours per week, each, to the coin and, most of that time, to do basically hangouts, tweets and any censored channel with the entire consensus of the cheerleading contingent. A project of the dimensions that Vericoin has gotten to, cannot be run like that. It is quite the full time job... and then something. And these three, as they have stated, have families, careers and school to do. Lots of it. Vericoin is a side show for them, nothing else. Oh they would like it to be successful and they are willing to invest more than double, at least for now, the time they planned in dedicating to it. For now. Holidays and all. But from here on, it is whatever anyone, away from the devs, makes of Vericoin or the project is going to end up in the gutter. The dev team lacks the skills AND the time, that salvaging Vericoin would require. As simple as that.

Complicating matters to extreme, they have monumental egos, reason why they won't just let others take charge. Or, simply, follow their lead.
And that's why we are where we are and we will be where we will be in the near future.

I certainly hope not to have to repeat any of this any more...
Thanks for your 'statement'. I really needed a review of your thoughts. I agree with your post, after POW period 3 things where released veri quick. VeriBIT, VeriSEND and VeriSMS after deployment of these features there was a roadmap. The roadmap shows Updated GUI Wallet, which still isnt released. And not alot of info since then. Since price went down, the devs are 'silent' or not in touch with the community anymore. We need to RESYNC and come together, maybe expand the DEV team, with an open position, someone who takes care for the community daily (for free).

Same thing with build in buy feature for the wallet, when is the update going to be released? Vericard in combination with the buy vericoin in the wallet, should be a killer combo. We need to close the ecosystem, with closing i mean should have paid attention to all points ever made in this thread and tie all loose ends

Instead of speaking, doing something.

Speaking of, I have build a staking device for my VRC and other coins, it draws max 2-5 watt with linux installed(ubuntu). Is anyone interested in buying some sort of device? I could make a custom VRC case staking 'pc'. It has a quadcore 1.6Ghz, 2GB ram, 16 GB hdd, WiFi & bluetooth etc

I can make a custom design with VRC logo etc when my laser engraver arrives. I can also integrate, arcade buttons, arcade stick, touchscreen, keyboard etc to build different versions (staking device with MAME installed and arcade buttons & stick is the shit)

Costs are not 'veri high' i estimate about 79-85 dollar for a 'clean' quadcore version without screen (you can attach your own monitor with HDMI)
For a dualcore system about 60-70 dollar

Since it draws almost no power, and is small (about the size of a floppy 1.44) I hope it encourages people to stake!

_@/'
ereborltc
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August 29, 2014, 02:36:18 AM
 #14585

@Patrick Nosker:

Once again, I implore you to get off these boards. Get off Twitter. And Reddit. And IRC. As a matter of fact, get a medium-sized hammer and smash all your phones. Use only -and as sparingly as you possibly can- hard line phones. Please.

Every single time that you open your mouth, every single one, bar none, what comes out is inappropriate, unnecessary, arrogant, utterly stupid and detrimental to the price and progress of Vericoin. EVERY SINGLE FUCKING  TIME. Enough! Stop it! You are 100 times more toxic to VRC than your pal socal is.

You want proof? Just track the price's behavior after you make "an appearance"... sHEEEESH!!!

The Bizarre Spectacle that is Barabbas.

Barabbas, it seems to me that almost every time pnosker makes an appearance, you come out of the wood-work not much later and post a rant full of adolescent rage, self righteous indignation, or some other ridiculous behavior. Has it ever occurred to you that the price behavior that you mention above could be related to... YOU?
Barabbas just doesn't get it! His arrogance is beyond extreme now..its actually hurting vrc... then he blames the price on the devs.. or the cheerleaders .. no matter the reason is , its a combination of things and barabbas is a big reason.. period.

your invested in this coin and this is how you act in the place where ppl come to learn about vrc or keep up with vrc...all they see is your ranting and trashing the devs... you can't be that smart to do this while your invested.. now you see no one cares about your opinions anymore not cause they are ridiculous but purely cause of the way you speak... SO ..if you've come to the conclusion that vrc is gonna die and the devs are shit and this and that...why do u continue to hold your investment? i told you that if u have too much to dump at the current price i will buy them all off you for the price its at right now... all of them. we both know if you have too much it'll take you awhile to dump without getting less than current value.. so ill do you that favour and take every last vrc u have at this price...

what do u think barabbas?
BARABBAS this is the second time i ask you...can u please answer my question...
BARABBAS all you do is post negative comments ,trying to prove your smarter than everyone and that everyone who supports vericoin is dumb ,yet you say you are invested....

answer my post... i will buy all your coins! thats an offer that u should be dying for!?!?! yet...u ignore....lololololol
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August 29, 2014, 04:23:36 AM
 #14586

Everytime Bareass posts all I can think of is.....

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August 29, 2014, 04:31:10 AM
 #14587

@souljah1h - I would be interested in seeing your staking device.
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August 29, 2014, 04:33:12 AM
 #14588

@souljah1h - I would be interested in seeing your staking device.

I as well...
KryptoKings
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August 29, 2014, 04:46:05 AM
 #14589

Everytime Bareass posts all I can think of is.....



LoL. So true. why not cut your loses and run?

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souljah1h
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August 29, 2014, 07:29:17 AM
 #14590

@souljah1h - I would be interested in seeing your staking device.

I as well...
I will post some screenshots/pictures later this day/tonight.

_@/'
zsp
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August 29, 2014, 08:45:49 AM
 #14591

@souljah1h - I would be interested in seeing your staking device.

I as well...
I will post some screenshots/pictures later this day/tonight.

Good job! I have compiled the source for ARM core to stake using Raspberry PI and BeagleBone Black which cost only £25. Though your solution looks good too.
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August 29, 2014, 09:12:11 AM
 #14592

Which one is the better investment Crypti or Vericoin? I like both coins, but the Crypti community predicts skyrocketing Crypti performance and stagnation for vericoin. What you guys think about vericoin price for the next 2-3 months? Would you invest 10 BTC in vericoin right now or better to wait for the floor?

Just my 2 cents on the situation...

1st - From a technical point of view the current support ("bottom" if you will) is around 6500 stat. That was the previous low before any recent pumps (in late June or early July... whenever that was). So if you want to wait for the low perhaps you can test to see whether it can touch 6500 or even break it. If it breaks 6500 then it will be a true free for all (in my opinion) on how low we can go. So if you agree on that take we are fairly close to the bottom. It might be worth entering a position now, adding some orders lower and then seeing where it can go from there.

2nd take - since we've been in a down trend for quite some time and have had a difficult time breaking what used to be 20k, now 15k - you can wait and put a mental stop order at 15k and wait to see if we ever do break it. You won't time the bottom this way, but by doing this you will protect yourself from buying on a downtrend aka trying to catch a falling knife.

3rd take - what I would suggest: do a dollar cost average and just say I'm going to buy 1 (or 2) BTC worth of Vericoin every week for the next 5-10 weeks. No you won't time the bottom this way but it's a more conservative way to enter in a position. You'll catch some highs and some lows within the greater trend. If you are really confident in holding the position you might as well enter in slowly but surely.

Now whether or not to buy Vericoin vs. Crypti? Well I don't know enough about Crypti to provide any advice on it. Personally I would suggest diversifying your holdings so it would probably be best to buy a little of both, over time - if you believe in the projects.

Best of luck!

Very nice overview!
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August 29, 2014, 09:35:42 AM
 #14593

Everytime Bareass posts all I can think of is.....



LoL. So true. why not cut your loses and run?

Its not as much What he sais more like How he sais it and the Only reason he dares to do this is because hes anonymous on the net.
That dude has some RL issues for sure.

I welcome people that bring up their concerns and issues , his interrest more then talk about those is to call everyone retards, morons  etc .and those are  some of the nicer terms hes used.



setup
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August 29, 2014, 09:42:39 AM
 #14594

Everytime Bareass posts all I can think of is.....



LoL. So true. why not cut your loses and run?

Its not as much What he sais more like How he sais it and the Only reason he dares to do this is because hes anonymous on the net.
That dude has some RL issues for sure.

I welcome people that bring up their concerns and issues , his interrest more then talk about those is to call everyone retards, morons  etc .and those are  some of the nicer terms hes used.





The only way we get rid of these idiots is the ignore button. If nobody answer or quotes their rants they will leave sooner or later. And as soon as the Price rises they will leave anyway.

https://litebit.eu/registration/de/3337ouEH2M/
Add a VRC banner to your Website & support VERICOIN
ereborltc
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August 29, 2014, 10:50:13 AM
 #14595

Everytime Bareass posts all I can think of is.....



LoL. So true. why not cut your loses and run?

Its not as much What he sais more like How he sais it and the Only reason he dares to do this is because hes anonymous on the net.
That dude has some RL issues for sure.

I welcome people that bring up their concerns and issues , his interrest more then talk about those is to call everyone retards, morons  etc .and those are  some of the nicer terms hes used.





The only way we get rid of these idiots is the ignore button. If nobody answer or quotes their rants they will leave sooner or later. And as soon as the Price rises they will leave anyway.
your 100% right and the next rant I'm ignoring ... done with it... useless anyway as I'm in it to the top or till the end Wink

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August 29, 2014, 11:07:33 AM
 #14596

Everytime Bareass posts all I can think of is.....



LoL. So true. why not cut your loses and run?

Its not as much What he sais more like How he sais it and the Only reason he dares to do this is because hes anonymous on the net.
That dude has some RL issues for sure.

I welcome people that bring up their concerns and issues , his interrest more then talk about those is to call everyone retards, morons  etc .and those are  some of the nicer terms hes used.





The only way we get rid of these idiots is the ignore button. If nobody answer or quotes their rants they will leave sooner or later. And as soon as the Price rises they will leave anyway.
your 100% right and the next rant I'm ignoring ... done with it... useless anyway as I'm in it to the top or till the end Wink



Don't think it's clever to say barabbas is an idiot. The guy is mostly right and his level of language is far above I have seen here on bitcointalk.
ereborltc
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August 29, 2014, 11:30:41 AM
 #14597

Everytime Bareass posts all I can think of is.....



LoL. So true. why not cut your loses and run?

Its not as much What he sais more like How he sais it and the Only reason he dares to do this is because hes anonymous on the net.
That dude has some RL issues for sure.

I welcome people that bring up their concerns and issues , his interrest more then talk about those is to call everyone retards, morons  etc .and those are  some of the nicer terms hes used.





The only way we get rid of these idiots is the ignore button. If nobody answer or quotes their rants they will leave sooner or later. And as soon as the Price rises they will leave anyway.
your 100% right and the next rant I'm ignoring ... done with it... useless anyway as I'm in it to the top or till the end Wink



Don't think it's clever to say barabbas is an idiot. The guy is mostly right and his level of language is far above I have seen here on bitcointalk.
sorry but sometimes smart doesn't cut it... he has no respect or manners, everything that come out of his mouth is rude and condescending ... even when he posts something useful and positive and constructive he can't hold back but to dumb people down... don't care to see his thought anymore ..gave him several benefits of the doubt but always proves a nuisance ... seems like he has so much hate for vrc I've offered to buy all his coins if he wants out but clearly he doesn't so he can continue to post to the people who care and don't block him.. as for me I'm done with him,  what does it matter I'm merely a investor/cheerleader Wink
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August 29, 2014, 12:23:07 PM
 #14598

Which one is the better investment Crypti or Vericoin? I like both coins, but the Crypti community predicts skyrocketing Crypti performance and stagnation for vericoin. What you guys think about vericoin price for the next 2-3 months? Would you invest 10 BTC in vericoin right now or better to wait for the floor?

English is not even my third language, so I apologize in advance for all confusions in my post  :-))

Most probably I hold more coins than the vocal supporters combined have, for that reason I follow this coin closely, and therefore I can give you an objective :-)) overview about the state of VeriCoin.

Hundreds of investors read the CV of the developers a few months ago. The CVs indicate the developers are capable software professionals with fairly impressive academic background. We liked the transparency theme and such transparency was a really unique feature in the altcoin market at the time. Everyone thought the bright, capable, honest, young developers will pull off this project. It seemed the only option is a success and if any coins can succeed that will be vericoin. So what happened in the summer? Well, the biggest failure of the altcoin market in this summer is VeriCoin. The price is 9k, the order book is a pathetic 5.5 BTC and the volume is 20 BTC that puts VeriCoin at the second page of Bittrex. The reasons of this spectacular failure are

a) The developers don't work on the software. The general expectations were that the vericoin devs are responsible and reasonable professionals and they will put the hard work into the project, the professional pride will drive them to deliver. The reality is that they don't deliver. That's why it hasn't been released anything in the last 10 weeks. (the meaningless road map that is full of bollocks doesn't count as delivery)

b) The developers are not in the league of serious crypto currency professionals like Peter Todd, Gavin Wood or btcdrak to just mention a few. This summer made clear that in order to succeed in the altcoin market the developers need to posses more skills than the ability of forking Sunny King codes and add a few useless functions like VeriBit, VeriSend and VeriSMS.

c) There is no clear strategy for the development of the coin. Lame ideas like the VISA card take precedence over sensible suggestions and again, no real progress in any areas.

Of course the devs can change the situation of "a", "b" and "c" easily, even "b" is changeable as we don't talk about rocket science here but software development, they can study the code base of other solutions and build on that new features for vericoin.

As the current situation is a complete failure, I strongly suggest do not invest your 10 BTC in vericoin. Your 10 BTC investment will push the price up with 5k, it will make ecstatic the hardcore cheerleaders, they will perform the usual rituals and dances for the cult leaders, socal will write his usual hosannas about the coming 100k price. However, the fundamentals of the project will remain the same and 2 weeks time the price will be even lower than it is today.
I suggest you wait, let the developers start working and deliver (anything would be great really) and then if you notice any improvements then you invest the 10 BTC in vericoin.

Good luck and let us know if you need more info :-)))


CINNI will LIVE
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August 29, 2014, 12:33:02 PM
 #14599

Reverse trend again.
I hope it rebounds on 8k
Shinraven
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August 29, 2014, 12:45:17 PM
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Which one is the better investment Crypti or Vericoin? I like both coins, but the Crypti community predicts skyrocketing Crypti performance and stagnation for vericoin. What you guys think about vericoin price for the next 2-3 months? Would you invest 10 BTC in vericoin right now or better to wait for the floor?

English is not even my third language, so I apologize in advance for all confusions in my post  :-))

Most probably I hold more coins than the vocal supporters combined have, for that reason I follow this coin closely, and therefore I can give you an objective :-)) overview about the state of VeriCoin.

Hundreds of investors read the CV of the developers a few months ago. The CVs indicate the developers are capable software professionals with fairly impressive academic background. We liked the transparency theme and such transparency was a really unique feature in the altcoin market at the time. Everyone thought the bright, capable, honest, young developers will pull off this project. It seemed the only option is a success and if any coins can succeed that will be vericoin. So what happened in the summer? Well, the biggest failure of the altcoin market in this summer is VeriCoin. The price is 9k, the order book is a pathetic 5.5 BTC and the volume is 20 BTC that puts VeriCoin at the second page of Bittrex. The reasons of this spectacular failure are

a) The developers don't work on the software. The general expectations were that the vericoin devs are responsible and reasonable professionals and they will put the hard work into the project, the professional pride will drive them to deliver. The reality is that they don't deliver. That's why it hasn't been released anything in the last 10 weeks. (the meaningless road map that is full of bollocks doesn't count as delivery)

b) The developers are not in the league of serious crypto currency professionals like Peter Todd, Gavin Wood or btcdrak to just mention a few. This summer made clear that in order to succeed in the altcoin market the developers need to posses more skills than the ability of forking Sunny King codes and add a few useless functions like VeriBit, VeriSend and VeriSMS.

c) There is no clear strategy for the development of the coin. Lame ideas like the VISA card take precedence over sensible suggestions and again, no real progress in any areas.

Of course the devs can change the situation of "a", "b" and "c" easily, even "b" is changeable as we don't talk about rocket science here but software development, they can study the code base of other solution and build on that new features for vericoin.

As the current situation is a complete failure, I strongly suggest do not invest your 10 BTC in vericoin. Your 10 BTC investment will push the price up with 5k, it will make ecstatic the hardcore cheerleaders, they will perform the usual rituals and dances for the cult leaders, socal will write his usual hosannas about the coming 100k price. However, the fundamentals of the project will remain the same and 2 weeks time the price will be even lower than it is today.
I suggest you wait, let the developers start working and deliver (anything would be great really) and then if you notice any improvements then you invest the 10 BTC in vericoin.

Good luck and let us know if you need more info :-)))




I agree with some of your points. Ever since the Mintpal hack, there has been a major downward trend.

I wouldn't call VeriSend useless, some users want anonymity. Likewise VeriBit makes it easy to spend on anything wherever BTC is accepted.

I would not tell someone not to invest, but rather invest an amount you are comfortable with. The potential for this coin is huge. In the sea of scam coins, having transparent devs was one of the reason i invested.

As of late there is talk of adding a talented 4th dev. I hope we can hear something soon as this coin needs an adrenaline shot in the arm.


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