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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346485 times)
buy4crypto
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September 08, 2014, 12:28:57 PM
 #15681

It's time for a post to review what happened with VRC in the last three days and what the partnership with superNET means for the future from VRC bag-holder viewpoint.

1) The events clearly indicate that many sceptics including me were completely wrong about the main VeriCoin developers, EffectsToCause and Pnosker, terms of their arrogance, adaptability and willingness for a change. We have been arguing here for weeks for a change and asked EffectsToCause and Pnosker to do something about the failing price. EffectsToCause and Pnosker stepped up during the weekend and tried their best to put back VeriCoin on the right track (at least what they believe is the right track). They deserve a huge respect for their willingness to drive VRC forward, they are not arrogant and blind at all as the sceptics' insulting posts suggested it in the last few weeks, and as I was the biggest sceptic regarding their approach, I am happy to admit that I was wrong about the core VRC devs.

2) The vaporware and technological fantasy that know by the market and crypto community as superNET will do nothing good nor bad for VRC in long term. Perhaps the superNET partnership will push the price to 20k-30k, but nothing more VRC bag-holder can expect from the involvement of jl777 ... lets be clear, the "jl777 effect" and his infinite contacts to wealthy whales couldn't even push the price over 20k ... so don't expect anything big from jl777.
Technology wise and from design viewpoint the superNET idea is a complete mess, implementation wise it is obviously a vaporware, from software engineering viewpoint jl777's code (at least what is in the github repository) is a spaghetti code and a very poorly structured library. In one year time no one will remember superNET that's for sure. These days the altcoin market is desperate to find solutions to survive against BTC, and therefore charlatans and convincing sales men like jl777 can be very successful in making money. Good for him, he deserves every BTC he can get as he pull off his scam in the scam driven altcoin market convincingly and consistently, but that's all, nothing more superNET is.
There are a few whales in the superNET project like my fellow Russian trader @Cryptopumping and the whales will squeeze out few thousands BTC from superNET no doubt about that, there are lots of day traders will make money with superNET, it might help to pump VRC a bit, but in long term superNET will not succeed, because it provide the participating digital currencies with no real value nor add anything to digital currency movement.
On the note of jl777 effects as this charlatan like to call what he does, he is undoubtedly a very convincing and consistent one, but he doesn't need VRC - he needs the public profile of the VRC devs. First it was 2.6 million VRC, then it was 1 VRC if the devs get rid of Buy4Crypto ... in the meantime he said he will bring his infinite amount of whales into the VRC operation ... then it was again 2.6 million ... now he is donating back the escrow ... but in the meantime don't expect anything before 2015, because he is busy. Quite amazing actually so many bollocks within a short period of time :-)) Remember what I said when I heard about this deal: no serious software professional enter into such deal under such conditions what was presented to the community. jl777 actions indicate that he is not a serious technology professional, certainly not a visionary - he just needs the VRC devs' public profile, that's why before the superNET ICO he came here. He is already marketing the superNET idea with the transparent picture of VRC, that's all he needed when his ICO on his way. (Before you answer your usual bollocks jl777, put your money and actions where your mouth is and bring your whales into VRC and push the price to at least to 30k and then we talk).

The VRC fans, activists and community members should be relaxed: long after this jl777 charlatan is gone the VRC devs will be here because they are serious about their project, 1-2 years time when all this nonsenses like superNET are gone VRC will be still strong. (I am not interested in such long term projects, I just here to tell this good news for the VRC fans and activists :-)))

Good luck for every bag holders.

Hey BINGO!!!! This man gets it.

jl777 is ripping off the last bit of what makes VeriCoin unique for his personal benefit. I had such intense passion to be here. In 1 move, I am so out of this currency... And its all because of the "community" who cannot see things past the next 5% price move.

You all sacrificed the "clean" future of this coin for a quick price pump.. But I have to say, whats new? I thought the Wizrig scam tought people here a important lesson.

If you think VeriCoin will get credit for any future deals in the "SuperNet" get real with yourselves! If you think jl777 will give credit to anyone, just look at his personality, he is everything, to everyone, quite literally, the world may revolve around him.

This deal destroys brand equity within VeriCoin. The same brand equity that got us through Mintpal hacks, and kept the community together through thick and thin. That's what was going to make VeriCoin great.




You know the 1 person who won't lose here? The anon dev. At any point he can sell out now, for a nice profit and say.. Oh, Im moving on, and then... He adds to his millions, while you all hold the bag, again. Except, if it happens this time you will all be holding a coin with no integrity, no value, and no vision for the future.

Please, just think of both sides, reasonably, rationally. The promises of rich's to everyone involved should be a big warning sign coming from someone who hides in the shadows.



If you all wonder why the deal took weeks, well, how else do you think jl777 got the xxx,xxx's amount of coins he has, You heard me right, in the 6 digits he has bought! Even at 15k satoshi he is looking at a nice payday once he sells this out. It should have been a easy pump into the 20k's The man got a few % of the trading float knocked out by having you lock them up. Meanwhile, he is calling all the shots now. Sounds like the exact angle Wizrig took here to gain trust, promise the moon, then he gracefully dissapears after selling out massive amounts of VRC to all the new bagholders.

Trust is the holy grail in crypto, we WHERE unique. We are the target of everyone looking to make easy money. The trust factor is so high here, essentially its like hearding sheep. Once you get all the people who cannot think for themselves in the same place, you pump them up, and sell your shares to them. Once the hearder is gone, the price drops. This is what happened with Wizrig, I have a feeling it will be the same thing with the new jl777 pump.

You put the integrity of VRC into a project with anon dev promising huge gains. What does jl777 lose by destroying VeriCoin if his plan doesn't work in the real world? Well, he actually profits big time in any case, so. Now that he has got VeriCoin by the balls, you are all under his control. He essentially just took over VeriCoin with a promise, and everyone jumped for joy, unreal!

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SolarBTC
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September 08, 2014, 12:42:51 PM
 #15682

awesome job guys.

its all moving forward real positive. can't wait to see the progress.

power in numbers.....

Working together will benefit us all.

and thanks again jl777 [James]

-SolarBTC
libertynow
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September 08, 2014, 12:51:06 PM
 #15683

Regarding escrow funds and going forward:

They are safe in a cold wallet and the coins no longer need to be sold at 10k prices.  James donated them back to the community, and per his request, that we whole heartily agree with, no action will be taken with the coins without a community vote to decide.
Track the escrow here: https://chainz.cryptoid.info/vrc/address.dws?VECuyuNjLDh437hJfABSxV1817D982S4H6.htm

James offered an impressive gesture of commitment to our community with this action and I thank him for that.  He still has incentive, he has his own personal stash of VeriCoin he purchased on the market.  We the community will discuss with James about how the funds can be used for this project.  There are some escrow requirements for SuperNET inclusion and so on, some things are yet to be determined as this is a new platform being built.  The discussion will continue on how to build VeriCoin into the SuperNet, while also continuing to build the independent VeriCoin wallet and network as before.  There are only more things to be gained now.

Congratulations to the VeriCoin community for coming together to meet a BIG goal in a SHORT time, it shows the true commitment and power of our community working together!  By sacrificing a bit for the best of our community, technology and investments, we can achieve and will achieve great things going forward!  

Thank you all for your efforts, time and resources!  We all will continue this discussion and work with James regarding adding advanced technologies to VeriCoin through a new additional infrastructure, and we are on track with our previous roadmap too, as things are coming in the near future.

Doug

Thanks for the update, Doug.  I'd like to discuss this a little more though.  Since the expectations of our contributors were either to get their VRC back at 10k satoshis, if successful, or a full refund if not, I think we should make sure we're sensitive in light of this change in plans.  I encouraged a lot of people to give and told them that this was the deal, so I feel like this is sideways from expectations.

Can we come up with a response to anybody who contributed and was still expecting to get their VRC back at 10k sats? Maybe if the price hits 50k and then 100k, we can give back 10-20%  to the original contributors from this fund.  For example, if someone donated 10,000 VRC and the price hits 50,000 sats, we can give that person back 2,000VRC.

Thanks,
BagHolder


Liquid Tech, Asset #17750387231635486778, http://www.liquidtech.info
buy4crypto
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September 08, 2014, 12:55:59 PM
 #15684

Regarding escrow funds and going forward:

They are safe in a cold wallet and the coins no longer need to be sold at 10k prices.  James donated them back to the community, and per his request, that we whole heartily agree with, no action will be taken with the coins without a community vote to decide.
Track the escrow here: https://chainz.cryptoid.info/vrc/address.dws?VECuyuNjLDh437hJfABSxV1817D982S4H6.htm

James offered an impressive gesture of commitment to our community with this action and I thank him for that.  He still has incentive, he has his own personal stash of VeriCoin he purchased on the market.  We the community will discuss with James about how the funds can be used for this project.  There are some escrow requirements for SuperNET inclusion and so on, some things are yet to be determined as this is a new platform being built.  The discussion will continue on how to build VeriCoin into the SuperNet, while also continuing to build the independent VeriCoin wallet and network as before.  There are only more things to be gained now.

Congratulations to the VeriCoin community for coming together to meet a BIG goal in a SHORT time, it shows the true commitment and power of our community working together!  By sacrificing a bit for the best of our community, technology and investments, we can achieve and will achieve great things going forward!  

Thank you all for your efforts, time and resources!  We all will continue this discussion and work with James regarding adding advanced technologies to VeriCoin through a new additional infrastructure, and we are on track with our previous roadmap too, as things are coming in the near future.

Doug

Thanks for the update, Doug.  I'd like to discuss this a little more though.  Since the expectations of our contributors were either to get their VRC back at 10k satoshis, if successful, or a full refund if not, I think we should make sure we're sensitive in light of this change in plans.  I encouraged a lot of people to give and told them that this was the deal, so I feel like this is sideways from expectations.

Can we come up with a response to anybody who contributed and was still expecting to get their VRC back at 10k sats? Maybe if the price hits 50k and then 100k, we can give back 10-20%  to the original contributors from this fund.  For example, if someone donated 10,000 VRC and the price hits 50,000 sats, we can give that person back 2,000VRC.

Thanks,
BagHolder



That is not how it goes, you guys need to lock up a large % of the float, so jl777 and his minions can trade around this smaller float and rip off all the people who think they are getting some amazing deal. He calls the shots, he is making the current momentum by his own admission. Why do you think he donated anything to the community? He never planned on it reaching 100k, His goal is to get people to see a big picture, and then he will profit before the painting is even made.


He can time everything to profit big time, All he has to do is speculate. And you all drive the price up. Its seriously shocking how little thought anyone has gone into this deal. If, and I say If, this turns out to be a scam, or more likely inability to create something valuable, you all deserve it, in spades for being so ignorant and greedy.

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September 08, 2014, 01:15:40 PM
 #15685

The community voted with their coins, nothing can be undone now.

VGWNxRiC1s3jMi7S6Nzuv2PpDKT9PmqiQy   <-----  VRC treatment fund for the clinically insane. -----> (Barabbass-AltcoinUK).
buy4crypto
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September 08, 2014, 01:18:37 PM
 #15686

The community voted with their coins, nothing can be undone now.

It's almost like there was no fight to keep VeriCoin and its future under its own control. The best course of action decided by those community members was to give up control, brand equity, ect to a promise. How many times have you been impressed by a promised VeriCoin release? 0 for how many now? I think the scarriest part was seeing the devs donate such a large % to this. It feels like they gave up on themselves and their ability.

Scary times in the kingdom indeed.

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effectsToCause
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September 08, 2014, 01:28:09 PM
 #15687

The community voted with their coins, nothing can be undone now.

It's almost like there was no fight to keep VeriCoin and its future under its own control. The best course of action decided by those community members was to give up control, brand equity, ect to a promise. How many times have you been impressed by a promised VeriCoin release? 0 for how many now?

Scary times in the kingdom indeed.

buy4crypto:  VeriCoin has not changed at all, there soon will be a set of decentralized market features accessible via an optional button in the wallet.  The VeriCoin protocol, wallet, 3 devs, strategy, mission.  It has not changed.
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September 08, 2014, 01:30:43 PM
 #15688

The community voted with their coins, nothing can be undone now.

It's almost like there was no fight to keep VeriCoin and its future under its own control. The best course of action decided by those community members was to give up control, brand equity, ect to a promise. How many times have you been impressed by a promised VeriCoin release? 0 for how many now? I think the scarriest part was seeing the devs donate such a large % to this. It feels like they gave up on themselves.

Scary times in the kingdom indeed.

How have they given up control?, community is voting with the coin, and adding more to the coin by adapting, if it does not work out the coin still has a road map, it still has its own course to run. Cant see it being a bad thing. Unless altcoinuk theory proves true.

VGWNxRiC1s3jMi7S6Nzuv2PpDKT9PmqiQy   <-----  VRC treatment fund for the clinically insane. -----> (Barabbass-AltcoinUK).
effectsToCause
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September 08, 2014, 01:31:34 PM
 #15689

Regarding escrow funds and going forward:

They are safe in a cold wallet and the coins no longer need to be sold at 10k prices.  James donated them back to the community, and per his request, that we whole heartily agree with, no action will be taken with the coins without a community vote to decide.
Track the escrow here: https://chainz.cryptoid.info/vrc/address.dws?VECuyuNjLDh437hJfABSxV1817D982S4H6.htm

James offered an impressive gesture of commitment to our community with this action and I thank him for that.  He still has incentive, he has his own personal stash of VeriCoin he purchased on the market.  We the community will discuss with James about how the funds can be used for this project.  There are some escrow requirements for SuperNET inclusion and so on, some things are yet to be determined as this is a new platform being built.  The discussion will continue on how to build VeriCoin into the SuperNet, while also continuing to build the independent VeriCoin wallet and network as before.  There are only more things to be gained now.

Congratulations to the VeriCoin community for coming together to meet a BIG goal in a SHORT time, it shows the true commitment and power of our community working together!  By sacrificing a bit for the best of our community, technology and investments, we can achieve and will achieve great things going forward!  

Thank you all for your efforts, time and resources!  We all will continue this discussion and work with James regarding adding advanced technologies to VeriCoin through a new additional infrastructure, and we are on track with our previous roadmap too, as things are coming in the near future.

Doug

Thanks for the update, Doug.  I'd like to discuss this a little more though.  Since the expectations of our contributors were either to get their VRC back at 10k satoshis, if successful, or a full refund if not, I think we should make sure we're sensitive in light of this change in plans.  I encouraged a lot of people to give and told them that this was the deal, so I feel like this is sideways from expectations.

Can we come up with a response to anybody who contributed and was still expecting to get their VRC back at 10k sats? Maybe if the price hits 50k and then 100k, we can give back 10-20%  to the original contributors from this fund.  For example, if someone donated 10,000 VRC and the price hits 50,000 sats, we can give that person back 2,000VRC.

Thanks,
BagHolder



I understand your concern BagHolder, the goal was achieved and the deal did change, though for the benefit of the community and the donors.  We will figure out how best to move forward.
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September 08, 2014, 01:35:32 PM
 #15690

Hello everybody,

I have had VRC in the past but now looking for a coin to invest in longterm. There has been a pump last couple of days and now is going down again. Pump and dump? It doesnt look like a good sign to me as an outsider. Maybe someone can explain this. Also, what can we expect from VRC in the near future as in development?

Thx 
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September 08, 2014, 01:44:38 PM
 #15691

The community voted with their coins, nothing can be undone now.

It's almost like there was no fight to keep VeriCoin and its future under its own control. The best course of action decided by those community members was to give up control, brand equity, ect to a promise. How many times have you been impressed by a promised VeriCoin release? 0 for how many now?

Scary times in the kingdom indeed.

buy4crypto:  VeriCoin has not changed at all, there soon will be a set of decentralized market features accessible via an optional button in the wallet.  The VeriCoin protocol, wallet, 3 devs, strategy, mission.  It has not changed.

You can call me Roberto, no need for alias's, you and I are transparent, and public. Smiley perhaps we can coerce some others to use real names, instead of alias's.



I really hope so. I just have a hard time seeing the value in being one of the many, I see plenty of value in being the shot caller.

Doug, do you think the investors are increasing the price based on your current developments? or upcoming promises?


Personally I really would like to grow off of current developments, promises are inherently risky, and have done more harm than good to us in the recent past.

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September 08, 2014, 01:51:59 PM
 #15692

Thanks for the update, Doug.  I'd like to discuss this a little more though.  Since the expectations of our contributors were either to get their VRC back at 10k satoshis, if successful, or a full refund if not, I think we should make sure we're sensitive in light of this change in plans.  I encouraged a lot of people to give and told them that this was the deal, so I feel like this is sideways from expectations.

Can we come up with a response to anybody who contributed and was still expecting to get their VRC back at 10k sats? Maybe if the price hits 50k and then 100k, we can give back 10-20%  to the original contributors from this fund.  For example, if someone donated 10,000 VRC and the price hits 50,000 sats, we can give that person back 2,000VRC.

Thanks,
BagHolder




The community voted with their coins, nothing can be undone now.

I think what Bag holder is saying is the deal was brokered around the premise that some of the VRC given to the funding effort would be returned to them in either Case. The deal was:
        1. If the deal didn't go through they'd get all of it back.
        2. If the deal went through they'd receive an amount of VRC equivelent to what could be purchased with [the amount of VRC they gave] X 10K Satoshi.
        3. The deal went through.
        4. James gave the Escrow Fund and anything else sent to it back to the community.
        5. What happens about the stipulation in #2?
                   a. Peole gave thinking they couldn't lose anything.
                    b. The new wrinkle James introduced doesn't include ANY return to the contributors
                    c. Or, maybe it does?

But it isn't clear and Bag Holder wants to know the facts of how this conundrum will be addressed.
        

                    

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September 08, 2014, 01:56:51 PM
 #15693

[size=12 www.vrcradio.com LIVE in 5 minutespt][/size]

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September 08, 2014, 01:59:14 PM
 #15694

Someone sure knows how to drive the price down.  Ouch.  They definitely weren't looking to get the most money out of their trades, that's for sure.

VRC Tip Jar: VERiTAS2MPYM94kTwtni3GvnwdmWXqJsQf
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September 08, 2014, 02:06:31 PM
 #15695

www.vrcradio.com LIVE in 5 minutes


_@/'
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September 08, 2014, 02:08:29 PM
 #15696

Thanks for the update, Doug.  I'd like to discuss this a little more though.  Since the expectations of our contributors were either to get their VRC back at 10k satoshis, if successful, or a full refund if not, I think we should make sure we're sensitive in light of this change in plans.  I encouraged a lot of people to give and told them that this was the deal, so I feel like this is sideways from expectations.

Can we come up with a response to anybody who contributed and was still expecting to get their VRC back at 10k sats? Maybe if the price hits 50k and then 100k, we can give back 10-20%  to the original contributors from this fund.  For example, if someone donated 10,000 VRC and the price hits 50,000 sats, we can give that person back 2,000VRC.

Thanks,
BagHolder




The community voted with their coins, nothing can be undone now.

I think what Bag holder is saying is the deal was brokered around the premise that some of the VRC given to the funding effort would be returned to them in either Case. The deal was:
        1. If the deal didn't go through they'd get all of it back.
        2. If the deal went through they'd receive an amount of VRC equivelent to what could be purchased with [the amount of VRC they gave] X 10K Satoshi.
        3. The deal went through.
        4. James gave the Escrow Fund and anything else sent to it back to the community.
        5. What happens about the stipulation in #2?
                   a. Peole gave thinking they couldn't lose anything.
                    b. The new wrinkle James introduced doesn't include ANY return to the contributors
                    c. Or, maybe it does?

But it isn't clear and Bag Holder wants to know the facts of how this conundrum will be addressed.
        

                    

Yes I totally understand this. There is no reason that this reimbursement can't happen in some way as the community would be voting on it.  I think we should gather more information and let things unfold more before deciding what to do. Though it's ultimately up to the community. If the previous scenario had occured, the 10k sale would not have happened till a 5x increase in price. So based on previous time expectations I think we have some time to decide.  
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September 08, 2014, 02:09:02 PM
 #15697

Someone sure knows how to drive the price down.  Ouch.  They definitely weren't looking to get the most money out of their trades, that's for sure.


And it's such an odd time to sell.  Maybe some people have just been wanting out for a long time and are just saying "screw it" and going out to buy a new fancy desk chair with their vrc profits.
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September 08, 2014, 02:13:58 PM
 #15698

Someone sure knows how to drive the price down.  Ouch.  They definitely weren't looking to get the most money out of their trades, that's for sure.


And it's such an odd time to sell.  Maybe some people have just been wanting out for a long time and are just saying "screw it" and going out to buy a new fancy desk chair with their vrc profits.

Seeing how low the volume is, it definitely is an odd time to sell, especially considering that they were selling into market weakness and not into strength.  It happened simultaneously across several markets, too.  It wasn't limited to just one exchange, which makes it even weirder.

VRC Tip Jar: VERiTAS2MPYM94kTwtni3GvnwdmWXqJsQf
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September 08, 2014, 02:17:09 PM
 #15699

Someone sure knows how to drive the price down.  Ouch.  They definitely weren't looking to get the most money out of their trades, that's for sure.


And it's such an odd time to sell.  Maybe some people have just been wanting out for a long time and are just saying "screw it" and going out to buy a new fancy desk chair with their vrc profits.

Seeing how low the volume is, it definitely is an odd time to sell, especially considering that they were selling into market weakness and not into strength.  It happened simultaneously across several markets, too.  It wasn't limited to just one exchange, which makes it even weirder.

That dump occurred on Cryptsy.  The rest of the exchange response was arbitraging.  Someone sold about 150k on Cryptsy.  Not huge, but substantial.  I don't think it has anything to do with news. I think someone woke up on Monday after partying all weekend, realized they were up on VRC and sold.  My guess is that it was just trading.

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September 08, 2014, 02:24:52 PM
 #15700

Regarding escrow funds and going forward:

They are safe in a cold wallet and the coins no longer need to be sold at 10k prices.  James donated them back to the community, and per his request, that we whole heartily agree with, no action will be taken with the coins without a community vote to decide.
Track the escrow here: https://chainz.cryptoid.info/vrc/address.dws?VECuyuNjLDh437hJfABSxV1817D982S4H6.htm

James offered an impressive gesture of commitment to our community with this action and I thank him for that.  He still has incentive, he has his own personal stash of VeriCoin he purchased on the market.  We the community will discuss with James about how the funds can be used for this project.  There are some escrow requirements for SuperNET inclusion and so on, some things are yet to be determined as this is a new platform being built.  The discussion will continue on how to build VeriCoin into the SuperNet, while also continuing to build the independent VeriCoin wallet and network as before.  There are only more things to be gained now.

Congratulations to the VeriCoin community for coming together to meet a BIG goal in a SHORT time, it shows the true commitment and power of our community working together!  By sacrificing a bit for the best of our community, technology and investments, we can achieve and will achieve great things going forward!  

Thank you all for your efforts, time and resources!  We all will continue this discussion and work with James regarding adding advanced technologies to VeriCoin through a new additional infrastructure, and we are on track with our previous roadmap too, as things are coming in the near future.

Doug

Thanks for the update, Doug.  I'd like to discuss this a little more though.  Since the expectations of our contributors were either to get their VRC back at 10k satoshis, if successful, or a full refund if not, I think we should make sure we're sensitive in light of this change in plans.  I encouraged a lot of people to give and told them that this was the deal, so I feel like this is sideways from expectations.

Can we come up with a response to anybody who contributed and was still expecting to get their VRC back at 10k sats? Maybe if the price hits 50k and then 100k, we can give back 10-20%  to the original contributors from this fund.  For example, if someone donated 10,000 VRC and the price hits 50,000 sats, we can give that person back 2,000VRC.

Thanks,
BagHolder




BagHolder, thats a good idea. then at least we all who contributed get back the min. worth back.

20% @ 50k for original escrow senders to get back is not a bad idea at all.

also thanks for those many generous contributions BagHolder.

kind regards

-SolarBTC
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