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

[ereborltc]

@ James

I read that one of the requirements to join the SuperNET is that SuperNET has to own 10% of the joining coin. I understand it is way too early at this point but since, initially, your requirement was 10% precisely to be bought at 10k sat, I am quite curious as to how do you envision that potential future transaction to go down and perhaps a schedule..?

Also, association and cross-promotion between coin projects are (today SYNC/PINK) and are going to continue being more and more extensive and frequent in the near future. Not exactly the same idea behind SuperNET but not altogether very distant either, how do you see that progressing and in which way, if in any, will those associations affect that project?

Thank you.

I do not worry myself over specific negotiations, this is done by TheWhale. Since the strategy is to invest in a coin prior to it being accepted and this being reflected in the market price, I would interpret that to mean that this marketprice is not known yet, as VRC is in the pre-acceptance stage. Now if the market becomes optimistic and makes the price too high, then this 10% is not achievable as the SuperNET funding is coming in on the low side anyway.

I like to have a general idea of what I want to achieve, but not to predetermine every step, rather to observe the conditions at the moment in time when the decision must be made. Then to make a decision that is hopefully a wise one. In any case VRC is a unique situation due to the preexisting agreement and my personal involvement, so assuming any sort of standard thing is probably unwise.

I do not fool myself into thinking I am able to predict anything 6 months out or even 6 days out. If two weeks ago you were to ask me about some big IPO, I would have thought you were talking about etherium as I did not even decide to do the SuperNET offering until two Saturday's ago. It just seemed the right thing to do as it solves a lot of the issues that need to be solved.

I am not aware of any details of SYNC/PINK, but I am a supporter of any and all things that are helping crypto and I will do my best to make a wise decision on how to interact with these (or any other) projects.

James

P.S. OK, something just flashed in my mind and that is if there is this community fund of 10%, and SuperNET is making the big money like I expect in the coming months, then it will be able to afford  to buy this 10% for BTC and/or UNITY and maybe this is what will happen? Just one of many possible outcomes, but one that feels like it will have a reinforcing effect to have the coin community owning a piece of SuperNET in exchange for SuperNET owning a piece of the coin. cryptorestu

I think the coin communities owning a piece of SuperNET and SuperNET owning a share of the coin of each community is systemically near ideal, and potentially a very effective strategy for generating a feedback loop of growth and innovation.

sounds very interesting...

[1527191877]

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[BitcoinPorn]

Hi jl777, I have a quick question for you that I have not been able to sit down and figure out myself fully.  What exactly is the "SuperNET" and what does it look to accomplish?  Please "ELI5"

(I wish I had the ability to keep with this thread and all VRC's doings, but I'm currently unable to, I am a not first day investor, but long term investor, and don't plan on selling anytime soon either, but definitely have noticed your incorporation as the 4th dev here, and hope you can just simplify what exactly SuperNET is and VRC's inclusion in that, or if not included, your inclusion in VRC itself)

Thanks, I appreciate it, sorry I am unable to keep up with this thread on a daily basis, but hopefully answering this for me will also answer for some others that may not ask.


(random and very much unrelated to my above question for jl777: Much love to barabbas, unrelated, but no one should ever mark him as a troll or whatever, he has thoughts and opinions, I definitely don't agree with them all, but he sure isn't a troll)

[jl777]

Hi jl777, I have a quick question for you that I have not been able to sit down and figure out myself fully.  What exactly is the "SuperNET" and what does it look to accomplish?  Please "ELI5"

(I wish I had the ability to keep with this thread and all VRC's doings, but I'm currently unable to, I am a not first day investor, but long term investor, and don't plan on selling anytime soon either, but definitely have noticed your incorporation as the 4th dev here, and hope you can just simplify what exactly SuperNET is and VRC's inclusion in that, or if not included, your inclusion in VRC itself)

Thanks, I appreciate it, sorry I am unable to keep up with this thread on a daily basis, but hopefully answering this for me will also answer for some others that may not ask.


(random and very much unrelated to my above question for jl777: Much love to barabbas, unrelated, but no one should ever mark him as a troll or whatever, he has thoughts and opinions, I definitely don't agree with them all, but he sure isn't a troll)

SuperNET is to a crypto like the internet is to a website

It is an integrated tradinghouse/incubator/software/advertising entity that has a very promising business plan of aggregating users and monetizing the internal and external traffic. All of this is being sold at close to book value to investors.

Basically SuperNET will help productive people in crypto to earn revenues from the revenue sharing and also for investors to get a low risk way to participate. 20% of the SuperNET revenues are going back into the contributing coin communities.

All the while encouraging and reinforcing unity via technological, financial and social bonds and allow each coin to enhance its own identity and brand as they are cross marketed to all the SuperNET users via context sensitive optimized ad inventory, that is most useful for each user.

The tradinghouse will be a global 7x24 team based trading combined with individual trading based on each traders results

The incubator (NXTventure)  provides funding to devs to create software for the SuperNET that enhances the overall monetization, this monetization only being possible when value is created for the user.

The software is the sum of all asset companies and cryptos that are joined together to create the useful services, eg decentralized trading

The advertising is the total inventory created by all the user minutes interacting with the dynamically generated context sensitive HTML GUI

James

[Bobsurplus]

Hi jl777, I have a quick question for you that I have not been able to sit down and figure out myself fully.  What exactly is the "SuperNET" and what does it look to accomplish?  Please "ELI5"

(I wish I had the ability to keep with this thread and all VRC's doings, but I'm currently unable to, I am a not first day investor, but long term investor, and don't plan on selling anytime soon either, but definitely have noticed your incorporation as the 4th dev here, and hope you can just simplify what exactly SuperNET is and VRC's inclusion in that, or if not included, your inclusion in VRC itself)

Thanks, I appreciate it, sorry I am unable to keep up with this thread on a daily basis, but hopefully answering this for me will also answer for some others that may not ask.


(random and very much unrelated to my above question for jl777: Much love to barabbas, unrelated, but no one should ever mark him as a troll or whatever, he has thoughts and opinions, I definitely don't agree with them all, but he sure isn't a troll)

SuperNET is to a crypto like the internet is to a website

It is an integrated tradinghouse/incubator/software/advertising entity that has a very promising business plan of aggregating users and monetizing the internal and external traffic. All of this is being sold at close to book value to investors.

Basically SuperNET will help productive people in crypto to earn revenues from the revenue sharing and also for investors to get a low risk way to participate. 20% of the SuperNET revenues are going back into the contributing coin communities.

All the while encouraging and reinforcing unity via technological, financial and social bonds and allow each coin to enhance its own identity and brand as they are cross marketed to all the SuperNET users via context sensitive optimized ad inventory, that is most useful for each user.

The tradinghouse will be a global 7x24 team based trading combined with individual trading based on each traders results

The incubator (NXTventure)  provides funding to devs to create software for the SuperNET that enhances the overall monetization, this monetization only being possible when value is created for the user.

The software is the sum of all asset companies and cryptos that are joined together to create the useful services, eg decentralized trading

The advertising is the total inventory created by all the user minutes interacting with the dynamically generated context sensitive HTML GUI

James

Anyone who invests in this scam after sticking it out with vrc through the rollback of the century really should just quit crytpo now and just give all your coins to the whales and smart folks.

LMAO.. Supernet is to crypto what websites are to the internet. I have not laughed this hard in a while , well I laughed harder this morning when someone brought this video :https://www.youtube.com/watch?v=Tsv-vuh2Nmg to my attention. But if I had not seen that video this morning, this laugh woulda been the best in at least a few months.

[setup]

Welcome back mastertroll 

[vtec2liter]

Holly FuD!

[barabbas]

You know Bob, you are doing just fine with your group of manipulators... congratulations on that one.... so far. It does seem that the "guaranteed" double on XST may be in a little bit of a conundrum, though. You see, that project promises investors a 20% interest and you know as well as anyone that it is an impossibility, a de facto impossibility. So you may have some trouble fulfilling that guarantee of yours this time around even with the power to manipulate the price that gives your substantial purchasing power. Good luck with that, you are going to need it.

Now, to call an idea -an idea that has been enthusiastically embraced by dozens of rich and not so rich investors-, a "scam", that is a tall tale... It hasn't even happened yet. Won't for a while either... what has happened, like I just said, is that people has put enthusiastically, thousands of BTC behind that idea. And yes, Vericoin is now part of that general idea. No guarantees here though, we just like it. We like it enough that a lot of generous people in the community has gone several extra miles to support it with their own money... with a lot more to come. And guess what Bob? The price has doubled (there's your 100%) since the conversations started a few days ago. So, so far, quite so good.

But I am quite sorry that you do not like it... then again, you never liked this project (Vericoin) at all: You wanted it dead, not salvaged.

I understand the subsequent actions to ensure its survival were not of your liking and you might be quite pissed off... which means we probably have to warm to the idea that your group will stay quite away from Vericoin while the price continues doubling.

And that, Bobby, is a very good thing. For us. For you? Immaterial: I'm sure you will continue doing quite good yourself, financially. Healthwise, if you don't come around here, I'm sure you will be much happier. But it will be your call, ok?

[jl777]

[Dividend Announcement]

NXTventure will offer a 1:10 Privatebet dividend after the close of SuperNET funding. The ex-dividend block will be as of the close of the funding. Assetholders of record that block will receive the dividend.

For every 10 NXTventure assets you own, 1 Privatebet asset will be sent as a dividend. I believe this will set the record for the value of a dividend by a cryptoasset, as it is ~6 million NXT market value as I write this, or ~$240,000 USD

###


NXTventure's goal is to make one high quality dividend per month. It has not been able to do this in the past and my one failed asset also spoiled the NXTventure track record, but the SuperNET has helped make three new deals in the past days so the pipeline is filling up (finally!) with assets that are not done by me, just issued by NXTventure but where other peoples are doing all the hard work.

So, it is interesting to find out how these sad trolls will try to make something that has proven to do what it said it would, eg. give out assets as dividends, which the owners of NXTventure have then been able to sell and get money for. What theory of scam allows for the completion of a dividend cycle, including the part where you are banking the sales?

Not all I do is software related. Sometimes I just pretend I am VC/investment banker and help people make money

James

P.S. I also made sure SuperNET will have sufficient core assets to ensure a nice revenue stream and indirectly it will also own some NXTventure. this means that SuperNET will end up with parts of all the NXTventure incubated companies.

[sluppy]

Dont agree with the rest of it But that was one damm funny youtube vid bob.

[vtec2liter]

You know what's really funny is that Bob is heading a pump and dump group saying that supernets a scam.... Really? WoW!

[barabbas]

@James

The above explanations are way too technical and way too complex for most people to fully understand --me included.

I believe it would serve you -and us all- quite well if you work a bit on a much simple explanation... with analogies that work. The one about SuperNET being to crypto (Alts, I imagine you mean) what the Internet is to websites simply doesn't cut it. The internet is a highway and SuperNET is nothing of that short. In my (admittedly very little) understanding of it, SuperNET would be much more an aggregator (like Yahoo, for instance) or a specific portal with several sites linked under a common general umbrella. I may be wrong?

Also I have no doubt you have the general lines and sources of revenue quite clearly delineated in your mind for that project, but it doesn't come through clearly. You speak of "advertising", for instance... what advertising? There's no advertising revenue whatsoever in Vericoin -or in any other coin that I know of for that matter-, so how is advertising revenue going to make its way to to the SuperNET? Like I said, I have no doubt you have all that sorted out quite clearly in your mind but it would be more than convenient (and greatly appreciated) if you spend a few minutes in trying to go into it, in detail, AND in a language that the average 11 year old can understand.

I'll give you a few instances, besides the above mentioned, that are hard to grasp: "Assets" (or cryptoassets, as per your description). Which are them? Does Vericoin have any, currently? If so, which?

I am quite familiar with the NXT platform myself... which I have posted long ago I believe is the best in crypto, by far... only that the distribution sucks and I wouldn't recommend anyone to invest in something fully owned by 70 people, all of which can retire and live like millionaires if they sell off their coins. If only a couple of them do, the entire platform goes practically to zero value in price practically overnight... that's my opinion, of course. But, as it stands, I believe all sort of things can and will be built on top of that platform (will those things to be built, what you call "cryptoassets"? I also understand -hopefully correctly- that NXTventures is a incubator but I don't get what kind of assets can be monetized in the SuperNET when every tech is open source and it is going to be widely available to anyone shortly after implemented. And that would be for free, right? So I still fail to see any source of revenue....

So, again, please give me a detailed lecture so I can understand, in layman's terms, how you plan on monetizing the blockchain traffic that linking the blockchains of it's members to the blockchain of the SuperNET (is that how it is going to work?) will provide.

I'm sure I am not alone in wanting to have a much clearer vision of what the SuperNET you have envisioned is going to be, since Vericoin is going to be part of it, hopefully, core part of it. The interested parties will be as thankful as I am in advance for it.

[ereborltc]

@James

The above explanations are way too technical and way too complex for most people to fully understand --me included.

I believe it would serve you -and us all- quite well if you work a bit on a much simple explanation... with analogies that work. The one about SuperNET being to crypto (Alts, I imagine you mean) what the Internet is to websites simply doesn't cut it. The internet is a highway and SuperNET is nothing of that short. In my (admittedly very little) understanding of it, SuperNET would be much more an aggregator (like Yahoo, for instance) or a specific portal with several sites linked under a common general umbrella. I may be wrong?

Also I have no doubt you have the general lines and sources of revenue quite clearly delineated in your mind for that project, but it doesn't come through clearly. You speak of "advertising", for instance... what advertising? There's no advertising revenue whatsoever in Vericoin -or in any other coin that I know of for that matter-, so how is advertising revenue going to make its way to to the SuperNET? Like I said, I have no doubt you have all that sorted out quite clearly in your mind but it would be more than convenient (and greatly appreciated) if you spend a few minutes in trying to go into it, in detail, AND in a language that the average 11 year old can understand.

I'll give you a few instances, besides the above mentioned, that are hard to grasp: "Assets" (or cryptoassets, as per your description). Which are them? Does Vericoin have any, currently? If so, which?

I am quite familiar with the NXT platform myself... which I have posted long ago I believe is the best in crypto, by far... only that the distribution sucks and I wouldn't recommend anyone to invest in something fully owned by 70 people, all of which can retire and live like millionaires if they sell off their coins. If only a couple of them do, the entire platform goes practically to zero value in price practically overnight... that's my opinion, of course. But, as it stands, I believe all sort of things can and will be built on top of that platform (will those things to be built, what you call "cryptoassets"? I also understand -hopefully correctly- that NXTventures is a incubator but I don't get what kind of assets can be monetized in the SuperNET when every tech is open source and it is going to be widely available to anyone shortly after implemented. And that would be for free, right? So I still fail to see any source of revenue....

So, again, please give me a detailed lecture so I can understand, in layman's terms, how you plan on monetizing the blockchain traffic that linking the blockchains of it's members to the blockchain of the SuperNET (is that how it is going to work?) will provide.

I'm sure I am not alone in wanting to have a much clearer vision of what the SuperNET you have envisioned is going to be, since Vericoin is going to be part of it, hopefully, core part of it. The interested parties will be as thankful as I am in advance for it.

true , i understand the most part but an easier more simpler way of explaining would make things much more clearer for the less tech savvy folk like myself

thanks

[ereborltc]

You know Bob, you are doing just fine with your group of manipulators... congratulations on that one.... so far. It does seem that the "guaranteed" double on XST may be in a little bit of a conundrum, though. You see, that project promises investors a 20% interest and you know as well as anyone that it is an impossibility, a de facto impossibility. So you may have some trouble fulfilling that guarantee of yours this time around even with the power to manipulate the price that gives your substantial purchasing power. Good luck with that, you are going to need it.

Now, to call an idea -an idea that has been enthusiastically embraced by dozens of rich and not so rich investors-, a "scam", that is a tall tale... It hasn't even happened yet. Won't for a while either... what has happened, like I just said, is that people has put enthusiastically, thousands of BTC behind that idea. And yes, Vericoin is now part of that general idea. No guarantees here though, we just like it. We like it enough that a lot of generous people in the community has gone several extra miles to support it with their own money... with a lot more to come. And guess what Bob? The price has doubled (there's your 100%) since the conversations started a few days ago. So, so far, quite so good.

But I am quite sorry that you do not like it... then again, you never liked this project (Vericoin) at all: You wanted it dead, not salvaged.

I understand the subsequent actions to ensure its survival were not of your liking and you might be quite pissed off... which means we probably have to warm to the idea that your group will stay quite away from Vericoin while the price continues doubling.

And that, Bobby, is a very good thing. For us. For you? Immaterial: I'm sure you will continue doing quite good yourself, financially. Healthwise, if you don't come around here, I'm sure you will be much happier. But it will be your call, ok?

Can't believe how things can turn around! BARABBAS im falling in love! Your the man, glad to have you on our side, you've proven to be a great asset to vericoin!

+1000000

[Candy L93]

Jl777 effect have shown on VRC.That' funny.Whatever it's good for all of us

[jl777]

@James

The above explanations are way too technical and way too complex for most people to fully understand --me included.

I believe it would serve you -and us all- quite well if you work a bit on a much simple explanation... with analogies that work. The one about SuperNET being to crypto (Alts, I imagine you mean) what the Internet is to websites simply doesn't cut it. The internet is a highway and SuperNET is nothing of that short. In my (admittedly very little) understanding of it, SuperNET would be much more an aggregator (like Yahoo, for instance) or a specific portal with several sites linked under a common general umbrella. I may be wrong?

Also I have no doubt you have the general lines and sources of revenue quite clearly delineated in your mind for that project, but it doesn't come through clearly. You speak of "advertising", for instance... what advertising? There's no advertising revenue whatsoever in Vericoin -or in any other coin that I know of for that matter-, so how is advertising revenue going to make its way to to the SuperNET? Like I said, I have no doubt you have all that sorted out quite clearly in your mind but it would be more than convenient (and greatly appreciated) if you spend a few minutes in trying to go into it, in detail, AND in a language that the average 11 year old can understand.

I'll give you a few instances, besides the above mentioned, that are hard to grasp: "Assets" (or cryptoassets, as per your description). Which are them? Does Vericoin have any, currently? If so, which?

I am quite familiar with the NXT platform myself... which I have posted long ago I believe is the best in crypto, by far... only that the distribution sucks and I wouldn't recommend anyone to invest in something fully owned by 70 people, all of which can retire and live like millionaires if they sell off their coins. If only a couple of them do, the entire platform goes practically to zero value in price practically overnight... that's my opinion, of course. But, as it stands, I believe all sort of things can and will be built on top of that platform (will those things to be built, what you call "cryptoassets"? I also understand -hopefully correctly- that NXTventures is a incubator but I don't get what kind of assets can be monetized in the SuperNET when every tech is open source and it is going to be widely available to anyone shortly after implemented. And that would be for free, right? So I still fail to see any source of revenue....

So, again, please give me a detailed lecture so I can understand, in layman's terms, how you plan on monetizing the blockchain traffic that linking the blockchains of it's members to the blockchain of the SuperNET (is that how it is going to work?) will provide.

I'm sure I am not alone in wanting to have a much clearer vision of what the SuperNET you have envisioned is going to be, since Vericoin is going to be part of it, hopefully, core part of it. The interested parties will be as thankful as I am in advance for it.

HTML GUI locally generated allows for context sensitive ads.
open source allows tech to be copied, but not me
also, the 10000 BTC
also, the userbase
NXTventure is incubator, it allows to make a competent dev good money
it is not blockchain traffic being monetized, it is providing services users want like trading crypto at half the commission, lower price for users, but still a fee is generated. maybe you want to send VRC to a creditcard, there is fee. Privatebet is for gambling, I am sure you can understand the fees from that. other games, maybe online storage, Grid computing, jobs board.
just some late night ideas.
so services that crypto peoples are already using offered at lower cost and preferably decentralized, this is the fees.

SuperNET is a transport layer at least the part that connects all the coins together
then there is the GUI that is providing a way to use the services and showing ads.
For example we will be adding a new page to the standard GUI where you can directly trade on bter.

SuperNET is not just one thing, it is a way to connect all the coin networks together at the low level and a way to display in user friendly way at the high level.
the financing part is totally independent, but the NXTventure is concentrating on funding projects that enhance the SuperNET

Please try to understand in more details before just assuming about SuperNET.
My writing is horrible, this I know, so there are people who are making it better to understand

James

[positivehigh]

I follow james where ever he is posting so i invested here. James never fail supporting the right coins and all of them went high.  If im not mistaken james also invested here so im waiting for the 40k rise of this. I hope he will never fail  and i believe it will Sorry for my bad  english

[Kevondo]

Kevondo Going LIVE on http://www.vrcradio.com in 3 minutes

[Xosihc]

[Dividend Announcement]

NXTventure will offer a 1:10 Privatebet dividend after the close of SuperNET funding [...]

Hey James,

This is just my opinion so please feel free to take it or leave it. I'm only offering it because I think it may help you in the long run.

You should be very careful labeling anything in the crypto currency world as a "dividend". I don't know where you operate/reside but if it's within the United States I can assure you this is an easy way to get in a lot of trouble. Up until now the US has been fairly gray as far as "what you can do/what you can't do". Insider trading, front running, wash sale - none of those laws apply to crypto, yet (from my understanding). But one thing they have made clear is in no way, shape, or form are you allowed to tie any type of equity ownership to a coin - and yes this includes using the term dividend payout.

There are a number of people who are currently fighting for their freedom just for that exact reason.

Now, if you're outside the US - well you can disregard my advice. I am not clear on the legal ramifications of doing this in other countries. But for all I know you are behind 7 proxies and everything is cool. Anyway, just some food for thought

[KryptoKings]

I follow james where ever he is posting so i invested here. James never fail supporting the right coins and all of them went high.  If im not mistaken james also invested here so im waiting for the 40k rise of this. I hope he will never fail again and i believe it will

Not making fun of you so please don't take it that way, but that last sentence was a little disturbing... please tell me English is not your first language and I will leave it alone.

[GTX-DoX]

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

I would just like to raise the awareness of this issue since it's really urgent for them. Hoping they get much bigger support considering their current health situation!

Please check or share the link above if you can to help them.