[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[KryptoKings]

Pat already addressed nearly everything regarding this.  I did receive one tip of .2 BTC from Wizrig once for my work on the wallet, when I was up all night working on it.  I actually told him after that I wasn't comfortable receiving tips like this.  I would rather just put the work in to improving VeriCoin, it's value and that be my reward.  This way I don't feel obligated to do anything in any way  (he never asked me to do anything for him though).  I also have all my mined coins and bought some on the market and I am holding for the long run.  Friends and family are also holding for long run.

I gifted Pat with a pizza coupon a number of months ago. I do not know if he used it benevolently or was overcome with greed and ate the entire pizza himself.

Wow, I completely forgot about that... now to order pizza...

Don't be greedy... email me a slice

[1537430858]

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[1537430858]

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[1537430858]

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[pnosker]

Pat already addressed nearly everything regarding this.  I did receive one tip of .2 BTC from Wizrig once for my work on the wallet, when I was up all night working on it.  I actually told him after that I wasn't comfortable receiving tips like this.  I would rather just put the work in to improving VeriCoin, it's value and that be my reward.  This way I don't feel obligated to do anything in any way  (he never asked me to do anything for him though).  I also have all my mined coins and bought some on the market and I am holding for the long run.  Friends and family are also holding for long run.

I gifted Pat with a pizza coupon a number of months ago. I do not know if he used it benevolently or was overcome with greed and ate the entire pizza himself.

Wow, I completely forgot about that... now to order pizza...

Maybe I took too long to access the code from Gyft but I can't seem to fetch it now . At least it's just Papa John's.

[vtec2liter]

  Well I just threw down some coin on the supernet. Looks like a great idea to me and the rise of the price is a great thing for this development.

[KryptoKings]

Pat already addressed nearly everything regarding this.  I did receive one tip of .2 BTC from Wizrig once for my work on the wallet, when I was up all night working on it.  I actually told him after that I wasn't comfortable receiving tips like this.  I would rather just put the work in to improving VeriCoin, it's value and that be my reward.  This way I don't feel obligated to do anything in any way  (he never asked me to do anything for him though).  I also have all my mined coins and bought some on the market and I am holding for the long run.  Friends and family are also holding for long run.

I gifted Pat with a pizza coupon a number of months ago. I do not know if he used it benevolently or was overcome with greed and ate the entire pizza himself.

Wow, I completely forgot about that... now to order pizza...

Maybe I took too long to access the code from Gyft but I can't seem to fetch it now . At least it's just Papa John's.

The mentioned greed part took over. Judging by the time it took to respond the entire pizza was delivered and eaten in that amount of time. I have agents outside who saw the pizza delivered by driver Rudy ID # 22314 of Papa John. Pat tipped him with 12 queters and told him to keep the change!!!

JK.. LoL

[X-Laboratories]

Hi guys,
always supporting VRC
Just a quick question:
I am the one throwing 10 Gh/s into the x11 veripool.
I am a little worried, coz i hashed there for a month with my usual hasrate (130mh/s) on x11..and the payments were 20/25 coins each..every 4/5 hours.
Now i am hasing with 10gh/s ...and it pays me 80 coin per hour ( 400 coins in the same timeframe window of the comparison)
Something is wrong with the payments on the veripool, you can easily make some math...
My hashrate now is zillion  (800%+)times my usual hashrate..but the coins i receive are not so many...am i correct?
Hope someone find a reason for that..i feel...my hashing is a bit wasted tbh :/

[jl777]

and the power of investors that come with jl777

That power is lot less than what was promised and expected. After the great speeches and the promised endless access to infinitely rich whales the price couldn't even break 20k, and VRC started from a very low volume and very low price of 10k.
I would never do the bitching and complaining if the price rise, but as the price is fluctuating around 15k and going nowhere, better to ask where is the promised buy support of whales and not to celebrate what is not there.

I am not a pumper and I never promised instant 10x on price. That is not how it works. BBR was a special case as its price was artificially lowered, so there was a snapback to a more normal price. Adding value takes time, but the 50% gain indicates a fundamental revaluation has occurred and from here what is wanted is a steady gain of ~2% per day

The rapid gains are speculators who will just sell at a profit. The way to get 10x long term is with 2% per day. This is what I work for and what I have done with BTCD. The base rate was higher than 2% there, but this is because it started at 100K marketcap, not $1 mil. If anybody doubts the power of 2% per day, do the calculation of 1.02 to the 120th power

This is a four month timeframe of boring 2% gains. Not everyday will be a gaining day, so we need 120 net gaining days of 2%

dozens of new investors are watching VRC very closely now. They are providing buy support that creates a stable base needed for the steady gains. I know that you know that $1 mil in marketcap doesnt happen without investor support.

There will be a time for some more active price movements, but for now, it is important to stabilize at a new floor. usually a week, sometimes two.

So the price is going to stay around here for while. I am surprised you are complaining. Have you looked at the long term charts? 10x volume and 50% gain, we are making a flag pattern on chart as the initial buy panic is oscillating around this level. .00015 is a perfectly fine range for this stage.

To create a long term price gain, you need to be gaining new investors without losing existing ones. This happens in cycles. Like climbing stairs. Any sudden rise is always followed by a drop, the key to note is where the price is oscillating around. Once the long term stair step pattern is created, then investors will learn to wait to buy at the bottom, maybe sell a bit at the top if they are keen for the excitement of daytrading. Of course the HODL is the best strategy if you are thinking in 6 months the price is much higher.

So we have to be realistic and satisfied with steady progress in price. When the new releases are coming out, that is usually when the next step up in price happens.

James

[Bizquick]

Hi guys,
always supporting VRC
Just a quick question:
I am the one throwing 10 Gh/s into the x11 veripool.
I am a little worried, coz i hashed there for a month with my usual hasrate (130mh/s) on x11..and the payments were 20/25 coins each..every 4/5 hours.
Now i am hasing with 10gh/s ...and it pays me 80 coin per hour ( 400 coins in the same timeframe window of the comparison)
Something is wrong with the payments on the veripool, you can easily make some math...
My hashrate now is zillion  (800%+)times my usual hashrate..but the coins i receive are not so many...am i correct?
Hope someone find a reason for that..i feel...my hashing is a bit wasted tbh :/

It might be just the OBA. 

What is OBA?
A: VeriPool handles payouts differently than other pools. It may take up to 24 hours before you begin to receive payouts. The pool pays per block as opposed to on a fixed schedule. When you do start to receive payouts, they will likely be quite small at first; you will receive a fraction of what you've earned for each block while the remaining balance is put into the OBA (Optimized Buying Algorithm).  The OBA monitors the exchanges for trends and will hold all of the coins until it thinks it can get the best trades; this may be a few hours or even a day or two.  Once the OBA makes some trades, you will begin to receive larger payouts and they SHOULD remain much more consistent in size and periodicity after that.  It can take up to two or three days for payouts to "stabilize". During this period, as mentioned above, you'll be earning more coins than you're receiving. Don't worry, tho! Those coins are not lost, they're simply being held by the OBA as it attempts to maximize your profits.  When you stop mining, you'll likely continue to receive payouts for up to five additional days until all of the coins that you've earned have been paid.

[KryptoKings]

and the power of investors that come with jl777

That power is lot less than what was promised and expected. After the great speeches and the promised endless access to infinitely rich whales the price couldn't even break 20k, and VRC started from a very low volume and very low price of 10k.
I would never do the bitching and complaining if the price rise, but as the price is fluctuating around 15k and going nowhere, better to ask where is the promised buy support of whales and not to celebrate what is not there.

I am not a pumper and I never promised instant 10x on price. That is not how it works. BBR was a special case as its price was artificially lowered, so there was a snapback to a more normal price. Adding value takes time, but the 50% gain indicates a fundamental revaluation has occurred and from here what is wanted is a steady gain of ~2% per day

The rapid gains are speculators who will just sell at a profit. The way to get 10x long term is with 2% per day. This is what I work for and what I have done with BTCD. The base rate was higher than 2% there, but this is because it started at 100K marketcap, not $1 mil. If anybody doubts the power of 2% per day, do the calculation of 1.02 to the 120th power

This is a four month timeframe of boring 2% gains. Not everyday will be a gaining day, so we need 120 net gaining days of 2%

dozens of new investors are watching VRC very closely now. They are providing buy support that creates a stable base needed for the steady gains. I know that you know that $1 mil in marketcap doesnt happen without investor support.

There will be a time for some more active price movements, but for now, it is important to stabilize at a new floor. usually a week, sometimes two.

So the price is going to stay around here for while. I am surprised you are complaining. Have you looked at the long term charts? 10x volume and 50% gain, we are making a flag pattern on chart as the initial buy panic is oscillating around this level. .00015 is a perfectly fine range for this stage.

To create a long term price gain, you need to be gaining new investors without losing existing ones. This happens in cycles. Like climbing stairs. Any sudden rise is always followed by a drop, the key to note is where the price is oscillating around. Once the long term stair step pattern is created, then investors will learn to wait to buy at the bottom, maybe sell a bit at the top if they are keen for the excitement of daytrading. Of course the HODL is the best strategy if you are thinking in 6 months the price is much higher.

So we have to be realistic and satisfied with steady progress in price. When the new releases are coming out, that is usually when the next step up in price happens.

James

One persons opinion. Price is good as it is. It is growing the way it is supposed to. BBR was a smaller market with less coins and easier to jack up the price. 90% of VRC hodlers are realistic. 9.9% are delusional and one person is just talking smack. The slow growth with new investors coming in will only make vrc stronger in the long run. I am sure I speak for must intelligent vrc hodlers.... we wait patiently. We grown slowly. As a team we will be a giant before it is all said and done.

[eXch.cc]

I think we gonna start exchanging this currency

[xtent]

TODAY AT 3:25 PM US TIME VRC KNIGHTS   ANNIHILATE  VARIOUS PLATFORM TRADING BOTS MAKE THEN TAKE HUGE LOSSES  VRC EXCHANGE RATE  UP TO AVG 19.5 IN ALL MARKETS....  MORE SOON...

Ummm so how did that work out for you?

[ereborltc]

the trolls will be trolls, trolling cause the price didn't double or triple... james never said that would happen...in fact he specifically said that WONT happen. if your looking for a major pump so u can flip your coins ,your barking up the wrong tree!

i couldn't be happier with this 50% rise and its not the rise that I'm impressed with, its the steady climb! establishing a proper floor and moving up slowly ,gradually and strong...

I finally feel safe buying more and more vericoin

thanks to the devs for their hard work and thanks to james for bringing back the community together! the future is bright!

[barabbas]

In all fairness the "James effect" has not produced just a 50% gain... The coin was in the low, very low 8, quite stagnant and with more probability of continuing down than up at all. The "conversations" between James and the devs took the price to the 10 level, so it was quite the first steps of the "James effect". Finally, the full announcement and immediate actions -i.e.- giving the donations to the community-, produced the frenzy that took the price to 19800.

Under any and all considerations, the "effect" has been -and continues being- extremely powerful, especially considering that VRC reached the top spot on Bittrex in volume and remains among the top most traded coins... all of this while dealing with the vocal skepticism of some AND, more importantly, the reality of  a sort of "waiting period" that, in crypto terms, is quite big.

With all these considerations -and others, including those who clocked profits and others that exited after recouping losses- taken into account, the price action is frankly encouraging, as it is the volume which brings awareness to the project, a project, mind you, that had been discounted as a failure by many that are now quite interested in keeping track of developments and that feel, like me, that it can have a future.

[effectsToCause]

When on IRC, i got a PM from some one who needs help.

He made a startjoin but hasnt recieved any funds (for more information https://www.startjoin.com/surgery ). I think Vericoin can help this man.

We raised 500k VRC in 24 hour, can we raise another 13k (about 1.6 BTC needed)? Or use some from the 500k funds which we got back 'donated' from James?

After talking with him, i dont have the feeling this is a 'scam', let discuss.

https://twitter.com/AltMinerD/status/508044356419219456

https://twitter.com/btcdrak/status/498130414884900865

I donated .1 BTC to this person, I do not think this is a scam after looking through the materials.  If you come to the same conclusion he could use some help.  Thanks.

http://www.youcaring.com/medical-fundraiser/help-my-grandparents-undergo-a-surgery-they-need/214606

[criptix]

In all fairness the "James effect" has not produced just a 50% gain... The coin was in the low, very low 8, quite stagnant and with more probability of continuing down than up at all. The "conversations" between James and the devs took the price to the 10 level, so it was quite the first steps of the "James effect". Finally, the full announcement and immediate actions -i.e.- giving the donations to the community-, produced the frenzy that took the price to 19800.

Under any and all considerations, the "effect" has been -and continues being- extremely powerful, especially considering that VRC reached the top spot on Bittrex in volume and remains among the top most traded coins... all of this while dealing with the vocal skepticism of some AND, more importantly, the reality of  a sort of "waiting period" that, in crypto terms, is quite big.

With all these considerations -and others, including those who clocked profits and others that exited after recouping losses- taken into account, the price action is frankly encouraging, as it is the volume which brings awareness to the project, a project, mind you, that had been discounted as a failure by many that are now quite interested in keeping track of developments and that feel, like me, that it can have a future.

oh my, didnt though i would see something like that again after 2 months of derp from you.

i totaly agree with you....
gosh - my head is spinning  

[barabbas]

In all fairness the "James effect" has not produced just a 50% gain... The coin was in the low, very low 8, quite stagnant and with more probability of continuing down than up at all. The "conversations" between James and the devs took the price to the 10 level, so it was quite the first steps of the "James effect". Finally, the full announcement and immediate actions -i.e.- giving the donations to the community-, produced the frenzy that took the price to 19800.

Under any and all considerations, the "effect" has been -and continues being- extremely powerful, especially considering that VRC reached the top spot on Bittrex in volume and remains among the top most traded coins... all of this while dealing with the vocal skepticism of some AND, more importantly, the reality of  a sort of "waiting period" that, in crypto terms, is quite big.

With all these considerations -and others, including those who clocked profits and others that exited after recouping losses- taken into account, the price action is frankly encouraging, as it is the volume which brings awareness to the project, a project, mind you, that had been discounted as a failure by many that are now quite interested in keeping track of developments and that feel, like me, that it can have a future.

oh my, didnt though i would see something like that again after 2 months of derp from you.

i totaly agree with you....
gosh - my head is spinning  

Well it only proves that you understand just one direction... something quite worrysome when that direction goes all the way to Palookaville... Think about it: From your standpoint, nothing has happened here during the last few days, nothing at all. Now think about that a little bit more, ok? You really, really need it. Because a lot, a huge lot, has indeed changed here with James' arrival. Consequently -please google that word-, my words reflect the new and quite different situation.

[criptix]

In all fairness the "James effect" has not produced just a 50% gain... The coin was in the low, very low 8, quite stagnant and with more probability of continuing down than up at all. The "conversations" between James and the devs took the price to the 10 level, so it was quite the first steps of the "James effect". Finally, the full announcement and immediate actions -i.e.- giving the donations to the community-, produced the frenzy that took the price to 19800.

Under any and all considerations, the "effect" has been -and continues being- extremely powerful, especially considering that VRC reached the top spot on Bittrex in volume and remains among the top most traded coins... all of this while dealing with the vocal skepticism of some AND, more importantly, the reality of  a sort of "waiting period" that, in crypto terms, is quite big.

With all these considerations -and others, including those who clocked profits and others that exited after recouping losses- taken into account, the price action is frankly encouraging, as it is the volume which brings awareness to the project, a project, mind you, that had been discounted as a failure by many that are now quite interested in keeping track of developments and that feel, like me, that it can have a future.

oh my, didnt though i would see something like that again after 2 months of derp from you.

i totaly agree with you....
gosh - my head is spinning  

Well it only proves that you understand just one direction... something quite worrysome when that direction goes all the way to Palookaville... Think about it: From your standpoint, nothing has happened here during the last few days, nothing at all. Now think about that a little bit more, ok? You really, really need it. Because a lot, a huge lot, has indeed changed here with James' arrival. Consequently -please google that word-, my words reflect the new and quite different situation.

your clearly missed the point of my post or my english is just bad it seems......
just forget it


( but if you want to know: its the first post since 2 months from you that i agree to )

[barabbas]

It is forgotten indeed.

[Xosihc]

James please say a little of your plan here so this coin will start the rise again so before the launch of the supernet the price will be attractive. thank you

this +1

Then why do I constantly see things like this? People look to anon third party james, more than our own leadership.

Xosihc just was at the state fair, talking to senators! I was so proud, then the next post I see is this. He is looking to this third party, or anon dev 4 for direction on what to do next... I mean... WOW no?  

That is one VeriLeader under the control of jl777, I can mention pretty much the whole VeriLeader crew in that same sentance. I am so ashamed to call myself a VeriLeader. But I am better than that. I will defend this coin, because its worth it. Because I am what all the future Verileaders will aspire to be.

Respected members of the comunity, Verileader's, asking for direction from the new anonymous shot caller, over leadership. Simply amazing.

buy4crypto,

I don't think you understood my enthusiasm. If you haven't noticed from my posts over the weekend and into Monday - I'm pretty excited about vericoin being accepted into the SuperNET project. This is exactly one of the main reasons I stand behind vericoin. You may or may not have ever seen it but I wrote a 3 page post (posted on here, as well as vericoininfo.net) about the 5 reasons I'm bullish on vericoin. Aside from point #1-4, was point #5; strategic partnerships. That's exactly what this is - a strategic partnership. It's going to benefit both parties involved and I think will benefit digital currencies as a whole. So for that reason - I'm excited.

The +1 I gave this guy came from the point - the SuperNET project has to a degree unified the vericoin community, which is AWESOME! It's made the price go up too which I won't lie, also makes me happy. I would like to see the price continue to go up. Because the more the price goes up - the more value my vericoins have. I don't think there is anything wrong in wanting that. So with that all being said - I was looking forward to what "James" had to say next. He followed-up yesterday with a really nice post that basically answered those questions. So, that was all I was looking for.

To say I am now looking outward for direction on where to go next is an overstatement. I still reach out to the dev's on a regular basis with feedback, thoughts and direction. This whole jl777 is just another wheel piece in itself. They do not need to be mutual exclusive.

Also speaking of being mutual exclusive - why can't I be excited about jl777, still talk to the dev team, and still talk to people within my community? Yes, I have been in talks with Secretary of State (not Senators) about digital currency, we continue to talk about ways to integrate digital currencies in Minnesota. I volunteer my time to many projects related to digital currencies (bitcoin too) that are outside of what we are talking about here. I am part of different meetup groups. I do have other interests outside of vericoin too. There are some really cool local projects going on here in Minnesota with GIVEcoin and IDcoin. Oh, and I'm also interested in the Ethereum project. Is that ok?

I guess I might have missed your point, I would be more than open to hearing your thoughts based on my response and what you were expecting from me? We can have an open dialog about it.

Best,

Xosihc

[lootz]

It is forgotten indeed.

You know how I know you are gay.... its how you type indeed ever so gently....        GO VRC WOOOOO

[barabbas]

It is forgotten indeed.

You know how I know you are gay.... its how you type indeed ever so gently....        GO VRC WOOOOO

I don't know if that is a homophobic statement or just a very stupid one... indeed.