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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1342489 times)
libertynow
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September 09, 2014, 06:31:55 PM
 #15801

With the help of James, the other superNET developers, and the MGW team, we are implementing superNET into VeriCoin. As you can see, we're on cluster #2 (currently in testing): https://nxtforum.org/umgwc/umgw-clusters-distribution-and-supported-coins/

We are finishing up our new flat QT wallet as well as working on an alternate, HTML 5 wallet that is based upon NXT code for a very gorgeous, highly interactive, and feature-filled implementation of Blockchain 2.0 features on top of VRC (including decentralized exchange, aliasing, messaging, etc.) which will really take VeriCoin to the next level.

James, of course, is working on his project for VRC and we are very excited about it and will share details when the time is right. VeriCoin is geared to grow and there's not much that can hold us back now. The community is showing strength, the coin is perhaps stronger than ever with high staking, and the future projects are really poised to take VeriCoin both to the masses and keep VeriCoin competitive with the most advanced coin for the future by leveraging the superNET community.

The HTML 5 wallet will make VeriCoin as easy to use as a website. Simple, sleek, and fast. The three things most important things for adoption.

Thanks for the updated.  I'm confused by that link though.  It's dated July 26 and it says it was last updated July 26.  Was that page edited without reflecting today's date?

Liquid Tech, Asset #17750387231635486778, http://www.liquidtech.info
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September 09, 2014, 06:33:43 PM
 #15802

With the help of James, the other superNET developers, and the MGW team, we are implementing superNET into VeriCoin. As you can see, we're on cluster #2 (currently in testing): https://nxtforum.org/umgwc/umgw-clusters-distribution-and-supported-coins/

We are finishing up our new flat QT wallet as well as working on an alternate, HTML 5 wallet that is based upon NXT code for a very gorgeous, highly interactive, and feature-filled implementation of Blockchain 2.0 features on top of VRC (including decentralized exchange, aliasing, messaging, etc.) which will really take VeriCoin to the next level.

James, of course, is working on his project for VRC and we are very excited about it and will share details when the time is right. VeriCoin is geared to grow and there's not much that can hold us back now. The community is showing strength, the coin is perhaps stronger than ever with high staking, and the future projects are really poised to take VeriCoin both to the masses and keep VeriCoin competitive with the most advanced coin for the future by leveraging the superNET community.

The HTML 5 wallet will make VeriCoin as easy to use as a website. Simple, sleek, and fast. The three things most important things for adoption.

Thanks for the update Pat!

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September 09, 2014, 06:35:43 PM
 #15803

With the help of James, the other superNET developers, and the MGW team, we are implementing superNET into VeriCoin. As you can see, we're on cluster #2 (currently in testing): https://nxtforum.org/umgwc/umgw-clusters-distribution-and-supported-coins/

We are finishing up our new flat QT wallet as well as working on an alternate, HTML 5 wallet that is based upon NXT code for a very gorgeous, highly interactive, and feature-filled implementation of Blockchain 2.0 features on top of VRC (including decentralized exchange, aliasing, messaging, etc.) which will really take VeriCoin to the next level.

James, of course, is working on his project for VRC and we are very excited about it and will share details when the time is right. VeriCoin is geared to grow and there's not much that can hold us back now. The community is showing strength, the coin is perhaps stronger than ever with high staking, and the future projects are really poised to take VeriCoin both to the masses and keep VeriCoin competitive with the most advanced coin for the future by leveraging the superNET community.

The HTML 5 wallet will make VeriCoin as easy to use as a website. Simple, sleek, and fast. The three things most important things for adoption.

Nice update. James coming into vericoin, a game changer. You guys recognizing it and enthusiastically supporting him, a very positive sign. NOW this project has a future worth investing in. Congrats to the community.
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September 09, 2014, 06:55:34 PM
 #15804

@nosker and @pike:

You guys made conflicting statements yesterday about the escrowed vericoin "donated" by the community.

No need, nosker, to add confusion: no need for even mentioning % since James will not be taking anything from the amount donated REGARDLESS if the initial thesholds are reached or not.

The clarifications needed are:

1 - will the coins be returned to the "donors" since there's no longer a requirement for the reserve to exist ir not.
2 - assuming they will not be returned, the only questions are: pike's "management" of those funds include staking them? Trading?or none of the above?

I believe "donors" and potential "donors" will be interested in the clarifications and, above all, that you both, along with the community, are on the same page. As of the last posts on the matter, you are not.

The reserve is going to still serve the initial purpose that James requested, however, we will be managing it according to the community demands instead of James. The escrow will still ensure that 10k satoshi will be sent for each VRC as per the initial terms once the VRC price breaks 50k satoshi. The rest of the stash is to be used for projects that the community will vote on, as per the initial fundraising criteria. We are still aiming for 10% of VRC to be in this fund and hope donations continue to come in.

The coins will not be staked, for now, as donations in are difficult to track once coins are re-aged. They will not be used for anything until the community decides on a fate for them.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
SolarBTC
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September 09, 2014, 06:59:24 PM
 #15805

Thanks for the update

good luck

-SolarBTC
effectsToCause
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September 09, 2014, 07:13:09 PM
 #15806

@nosker and @pike:

You guys made conflicting statements yesterday about the escrowed vericoin "donated" by the community.

No need, nosker, to add confusion: no need for even mentioning % since James will not be taking anything from the amount donated REGARDLESS if the initial thesholds are reached or not.

The clarifications needed are:

1 - will the coins be returned to the "donors" since there's no longer a requirement for the reserve to exist ir not.
2 - assuming they will not be returned, the only questions are: pike's "management" of those funds include staking them? Trading?or none of the above?

I believe "donors" and potential "donors" will be interested in the clarifications and, above all, that you both, along with the community, are on the same page. As of the last posts on the matter, you are not.

The reserve is going to still serve the initial purpose that James requested, however, we will be managing it according to the community demands instead of James. The escrow will still ensure that 10k satoshi will be sent for each VRC as per the initial terms once the VRC price breaks 50k satoshi. The rest of the stash is to be used for projects that the community will vote on, as per the initial fundraising criteria. We are still aiming for 10% of VRC to be in this fund and hope donations continue to come in.

The coins will not be staked, for now, as donations in are difficult to track once coins are re-aged. They will not be used for anything until the community decides on a fate for them.

Yes we are in full agreement about this.
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September 09, 2014, 07:27:48 PM
 #15807

@nosker and @pike:

You guys made conflicting statements yesterday about the escrowed vericoin "donated" by the community.

No need, nosker, to add confusion: no need for even mentioning % since James will not be taking anything from the amount donated REGARDLESS if the initial thesholds are reached or not.

The clarifications needed are:

1 - will the coins be returned to the "donors" since there's no longer a requirement for the reserve to exist ir not.
2 - assuming they will not be returned, the only questions are: pike's "management" of those funds include staking them? Trading?or none of the above?

I believe "donors" and potential "donors" will be interested in the clarifications and, above all, that you both, along with the community, are on the same page. As of the last posts on the matter, you are not.

The reserve is going to still serve the initial purpose that James requested, however, we will be managing it according to the community demands instead of James. The escrow will still ensure that 10k satoshi will be sent for each VRC as per the initial terms once the VRC price breaks 50k satoshi. The rest of the stash is to be used for projects that the community will vote on, as per the initial fundraising criteria. We are still aiming for 10% of VRC to be in this fund and hope donations continue to come in.

The coins will not be staked, for now, as donations in are difficult to track once coins are re-aged. They will not be used for anything until the community decides on a fate for them.

Yes we are in full agreement about this.

That being the case the being on the same page is achieved and everyone is quite clear now.

But if you allow me I believe it is a hasty and not very well thought out decision. For instance, you can, right now, sell those 500k+ vrc return 10k sat to each donor and retain the profit (40%) for future projects with no obligations or strings attached. There are many other options that will be much more beneficial to the community that just doing nothing with it. Staking in such amounts is significant and not benefitting at all from it is quite an unnecessary waste... among those many options i would suggest to create a stabilization fund (a la naut) thst would be instrumental in achieving what should be a target gosl for vrc: reduce volatility to dupport "mass" adoption. There are othrrs... like i said, many and all much more beneficial than just putting those funds undrr the mattress. Give it an additional thought or two if you can.

One other thing: getting to above 50k sat, the noskrr presents as a foregone conclusion, is a very tall order. It may not get thrre -let alone to 100k- and much lesd in the more or less agreen upon (clarification on this is also needed) term of thr next 6 months or first week of March 2015...
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September 09, 2014, 07:29:20 PM
 #15808

With the help of James, the other superNET developers, and the MGW team, we are implementing superNET into VeriCoin. As you can see, we're on cluster #2 (currently in testing): https://nxtforum.org/umgwc/umgw-clusters-distribution-and-supported-coins/

We are finishing up our new flat QT wallet as well as working on an optional, paired, HTML 5 wallet that is based upon NXT code for a very gorgeous, highly interactive, and feature-filled implementation of Blockchain 2.0 features on top of VRC (including decentralized exchange, aliasing, messaging, etc.) which will really take VeriCoin to the next level.

James, of course, is working on his project for VRC and we are very excited about it and will share details when the time is right. VeriCoin is geared to grow and there's not much that can hold us back now. The community is showing strength, the coin is perhaps stronger than ever with high staking, and the future projects are really poised to take VeriCoin both to the masses and keep VeriCoin competitive with the most advanced coin for the future by leveraging the superNET community.

The HTML 5 wallet will make VeriCoin as easy to use as a website. Simple, sleek, and fast. The three things most important things for adoption.

Yes this is very exciting news!  New flat UI wallet is coming soon, the next wallet update after that will allow for entry into the SuperNET via a button which will bring you to the VeriCoin SuperNET portal that Pat mentioned, which development is under way for.  
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September 09, 2014, 07:30:51 PM
 #15809

@nosker and @pike:

You guys made conflicting statements yesterday about the escrowed vericoin "donated" by the community.

No need, nosker, to add confusion: no need for even mentioning % since James will not be taking anything from the amount donated REGARDLESS if the initial thesholds are reached or not.

The clarifications needed are:

1 - will the coins be returned to the "donors" since there's no longer a requirement for the reserve to exist ir not.
2 - assuming they will not be returned, the only questions are: pike's "management" of those funds include staking them? Trading?or none of the above?

I believe "donors" and potential "donors" will be interested in the clarifications and, above all, that you both, along with the community, are on the same page. As of the last posts on the matter, you are not.

The reserve is going to still serve the initial purpose that James requested, however, we will be managing it according to the community demands instead of James. The escrow will still ensure that 10k satoshi will be sent for each VRC as per the initial terms once the VRC price breaks 50k satoshi. The rest of the stash is to be used for projects that the community will vote on, as per the initial fundraising criteria. We are still aiming for 10% of VRC to be in this fund and hope donations continue to come in.

The coins will not be staked, for now, as donations in are difficult to track once coins are re-aged. They will not be used for anything until the community decides on a fate for them.

Yes we are in full agreement about this.

That being the case the being on the same page is achieved and everyone is quite clear now.

But if you allow me I believe it is a hasty and not very well thought out decision. For instance, you can, right now, sell those 500k+ vrc return 10k sat to each donor and retain the profit (40%) for future projects with no obligations or strings attached. There are many other options that will be much more beneficial to the community that just doing nothing with it. Staking in such amounts is significant and not benefitting at all from it is quite an unnecessary waste... among those many options i would suggest to create a stabilization fund (a la naut) thst would be instrumental in achieving what should be a target gosl for vrc: reduce volatility to dupport "mass" adoption. There are othrrs... like i said, many and all much more beneficial than just putting those funds undrr the mattress. Give it an additional thought or two if you can.

Sure will, good points.  The community will vote on how best to handle the extra funds.
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September 09, 2014, 07:43:28 PM
 #15810

Quick chat with Pat...somethings where cleared up Cool

[12:19] <MAD945> we are only in cluster #2
[12:19] <LibertyNow> I thought so, too
[12:19] <MAD945> will this change?
[12:19] <LibertyNow> also, that forum entry is dated July 26
[12:19] <MAD945> Pat can you clear this up for us please
[12:19] <@pnosker> MAD945: cluster 2 is just the computer it's on
[12:19] <MAD945> ahhh
[12:19] <LibertyNow> oh
<MAD945> so are we still a core coin
[12:20] <@pnosker> yes
[12:20] <MAD945> with bitcoin, litecoin, darkcoin and btcdrk?
[12:20] <MAD945> wheres boolberry?
[12:21] <@pnosker> some of them will just be on MGW
[12:21] <@pnosker> because MGW is just the decentralized system for trades
[12:22] <LibertyNow> MAD, do you know the answer to my question?  See the linke that Patrick posted here:
[12:22] <LibertyNow> https://nxtforum.org/umgwc/umgw-clusters-distribution-and-supported-coins/
[12:22] <MAD945> ahhh but do we want to run into another Bittrex adding scam coins
[12:22] <LibertyNow> why is it dated July 26?
[12:22] <MAD945> Error on the forum?
[12:22] <@pnosker> I just PMed you...
[12:22] <@pnosker> when you asked me that question
[12:22] <LibertyNow> oh, sorry
[12:23] <MAD945> doesn't make much sense...but i've seen it happen before
[12:23] <@pnosker> It's not an error. We have been discussing with James since before then
[12:23] <MAD945> thanks again for answering our queries Pat...I know it can be trying at times
[12:23] <@pnosker> They built a MGW test client
[12:23] <@pnosker> in July
[12:23] <@pnosker> before they/we announced
[12:23] == Wurlitze_ [~Wurlitzer@p5B1234B2.dip0.t-ipconnect.de] has quit []
[12:23] <@pnosker> some people figured out that he was Dev4 before we announced it
[12:23] <MAD945> Shit! Nice....
[12:24] <@pnosker> Part of the reason we've been so quiet
[12:24] <@pnosker> is because we agreed to not discuss
[12:24] <@pnosker> but have been working on this stuff
[12:24] <@pnosker> meanwhile barabbas/altcoinuk bitch and complain about us
[12:24] <@pnosker> but we can't discuss
[12:24] <@pnosker> until James posted
[12:24] <MAD945> must be frustrating Pat and for Doug
[12:25] <@pnosker> And David

My "bitching and complaining" has nothing to do and nothing in common with altcoinUK's, first; second,  I have NOT ONCE said a single thing or urge you in any way rrgarding dev#4 during the whole period of negotiations. On the contrary I have insisted on you both being totally silent about it until and when an agreement was reached.
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September 09, 2014, 07:58:19 PM
 #15811

Barabbass from what i have read of your postings, You are by far the biggest bitch on this thread period.  If your not bitching your name calling. Kinda like them bully's in the playground, every one ultimately hates them, but for the sake of compassion that most humans possess, their tolerated.

VGWNxRiC1s3jMi7S6Nzuv2PpDKT9PmqiQy   <-----  VRC treatment fund for the clinically insane. -----> (Barabbass-AltcoinUK).
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September 09, 2014, 07:58:48 PM
 #15812

Its nice to see....

Barabbass and ignored together Grin
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September 09, 2014, 08:00:07 PM
 #15813

Alright guys, the past is the past.  Let's move forward into the bright future VeriCoin has!
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September 09, 2014, 08:02:40 PM
 #15814

LULZ VRC is now Part of SUPERSCAM..... have fun.. this community just cant dig its self out it seems...

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September 09, 2014, 08:05:00 PM
 #15815

Hey guys, I am a BTCD supporter and have never used VRC.

Will be investing now though!

Welcome to superNET!

I just researched VRC for the first time actually, you are definitely bringing a lot of value to this crypto community.

 Smiley
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September 09, 2014, 08:11:45 PM
 #15816

Alright guys, the past is the past.  Let's move forward into the bright future VeriCoin has!

Agreed. I have unignored Mr B. and mood in here is much more conducive to thoughtful discussion. Moving forward...

The plans for VRC inclusion in the SuperNet are very exciting. It's the boost we needed to make what we all know is a very solid coin architecture, move swiftly into mass adoption.

VRC: VMTMcvFjZHAshmVNLY5KYVHCTqcfEnH6Bd  SLR: 8W7D6D7rortYp51BK9MSrfripSoZWyVPVr  BTC: 1LbgAsTDtyWEGjiSaguJhJbaHBPgcMnHfP  BCC: 1Ta39PK67VXTD2xnmPNo5J9KJyBVHdYmy
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September 09, 2014, 08:13:20 PM
 #15817

Hey guys, I am a BTCD supporter and have never used VRC.

Will be investing now though!

Welcome to superNET!

I just researched VRC for the first time actually, you are definitely bringing a lot of value to this crypto community.

 Smiley

Good to hear, cloudboy! Welcome to the VeriCoin community.

VRC: VMTMcvFjZHAshmVNLY5KYVHCTqcfEnH6Bd  SLR: 8W7D6D7rortYp51BK9MSrfripSoZWyVPVr  BTC: 1LbgAsTDtyWEGjiSaguJhJbaHBPgcMnHfP  BCC: 1Ta39PK67VXTD2xnmPNo5J9KJyBVHdYmy
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September 09, 2014, 08:15:13 PM
 #15818

...
[12:24] <@pnosker> but have been working on this stuff
[12:24] <@pnosker> meanwhile barabbas/altcoinuk bitch and complain about us
...

I couldn't be happier that I was wrong from many aspects about the VRC developers, and that it turned out or became clear that the devs are not arrogant at all, but serious software professionals and indeed work hard in the background. The best news for VRC investors ever. This dramatic and sudden realization and the community wide enlightening catharsis would not be possible without my bitching and complaining. Your very welcome :-))
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September 09, 2014, 08:24:54 PM
 #15819

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September 09, 2014, 08:28:40 PM
 #15820

i understand that jl777 has donated the escrow "back to the community"  

i do not fully understand the extent of the backend functionality and how SuperNET will achieve its goals but am happy to see the volume and have donated > 10% of my share at present

my question is this -- say if the project takes off, and the option to buy back the VRC at 10k occurs,   are there/can there be means of setting up a coin exchange to buy into the SuperNET protocol at a slight market discount?

also from my understanding, this "benefit" of being an early donor would be exercised in having voting rights in the SuperNET system by contributing to the CORE funds?


as the project progresses and there are demands to increase the ESCROW funds, perhaps options in the SuperNET network would be a great incentive

cheers




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