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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346484 times)
wetwipe
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September 12, 2014, 10:53:35 PM
 #16001

When is the new forum due?, it was or maybe seems like it was a while back since it was said "wont be long now", yes im just asking so no bashing !.

I would like to add that i'm currently tuned into Reavons discussion on the VRC Radio with Kev.

So thanks for putting it all on loop/replay? so the community have the option to catch up. Thanks.

VGWNxRiC1s3jMi7S6Nzuv2PpDKT9PmqiQy   <-----  VRC treatment fund for the clinically insane. -----> (Barabbass-AltcoinUK).
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pnosker
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September 12, 2014, 11:06:59 PM
 #16002

That Doesn't sound Veri Democratic.

More coins = more votes. Humm!!

Why so? People who were putting more in the fund are risking more then people who didnt.
I think thats a good incentive for people to send vrc into the fund.
I.e. it would suck if a troll that has no vrc in the fund would have as much votingpower as me who put thousands of vrc in there... tbh that would be not veri democratic ughs

I strongly disagree.

One Person. One vote!



Pat,`   
   You're comparing apples to oranges. POS  isn't a Democracy.

   In a Democracy everybody is equal. Because someone has more stuff doesn't entitle them to influence decisions affecting the entire community. One person, One vote.

   The suggestion that  every community member contribute  10%  of their holdings isn't binding.  It's up to the individual holder how much they "invest" in a proposal concerning fund raising. The reality is it  won't be strickly adhered to. Some will give more. Some will give less. Some will give nothing.

   In the purest sense a vote should be taken by the community BEFORE asking for contributions  and with what the funds raised will be used for clearly spelled out. This should occur prior to kicking off a campaign for capitalization.

    James' magnanimous  gesture (assuming no hidden agenda's) of returning the 536,042 coins raised (and anymore of the 2.6 million he required) to the community had stipulations on how it is to be used.
                 1.The dev's must be in favor of any project to be funded.
                 2. The community gets to vote on it.
                 3.  The result of the community vote would decided the fate of the proposed project.

    Now it's being said  a "weighted vote"  will be used to decide how, when, and for what purpose the Veri-SuperNet Fund will be utilised. This method  gives a contributor votes in proportion to the amount of Vericoin they transferred to the funding drive.  It is not a Democratic vote. Those in the community who didn't contribute are effectivrly excluded  from having a voice in what the community is proposing.
    Humm! Sounds something like a "Special Interest Group" having it's way because it gave money to ensure the vote came out in their favor. It certainly isn't Democracy.



As far as I am concerned, those who donated get to choose where their money goes. I'm not the final say in the matter, however. But that's my personal vote. And it makes sense to have it based upon the coins that were contributed as those people put more currency at stake. But we should definitely hold a discussion to see what people's thoughts are.

If that 536,042 coins were a crypto network, it would be decided by the majority votes according to coin count.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
wetwipe
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September 12, 2014, 11:12:33 PM
 #16003

Either way Kevondo, AKA  (Eugene) Grin.

The whole veri community still has to overcome this and still make the next hike to raise the next milestone of coins.

VGWNxRiC1s3jMi7S6Nzuv2PpDKT9PmqiQy   <-----  VRC treatment fund for the clinically insane. -----> (Barabbass-AltcoinUK).
Kevondo
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September 12, 2014, 11:13:45 PM
 #16004

That Doesn't sound Veri Democratic.

More coins = more votes. Humm!!

Why so? People who were putting more in the fund are risking more then people who didnt.
I think thats a good incentive for people to send vrc into the fund.
I.e. it would suck if a troll that has no vrc in the fund would have as much votingpower as me who put thousands of vrc in there... tbh that would be not veri democratic ughs

I strongly disagree.

One Person. One vote!



Pat,`   
   You're comparing apples to oranges. POS  isn't a Democracy.

   In a Democracy everybody is equal. Because someone has more stuff doesn't entitle them to influence decisions affecting the entire community. One person, One vote.

   The suggestion that  every community member contribute  10%  of their holdings isn't binding.  It's up to the individual holder how much they "invest" in a proposal concerning fund raising. The reality is it  won't be strickly adhered to. Some will give more. Some will give less. Some will give nothing.

   In the purest sense a vote should be taken by the community BEFORE asking for contributions  and with what the funds raised will be used for clearly spelled out. This should occur prior to kicking off a campaign for capitalization.

    James' magnanimous  gesture (assuming no hidden agenda's) of returning the 536,042 coins raised (and anymore of the 2.6 million he required) to the community had stipulations on how it is to be used.
                 1.The dev's must be in favor of any project to be funded.
                 2. The community gets to vote on it.
                 3.  The result of the community vote would decided the fate of the proposed project.

    Now it's being said  a "weighted vote"  will be used to decide how, when, and for what purpose the Veri-SuperNet Fund will be utilised. This method  gives a contributor votes in proportion to the amount of Vericoin they transferred to the funding drive.  It is not a Democratic vote. Those in the community who didn't contribute are effectivrly excluded  from having a voice in what the community is proposing.
    Humm! Sounds something like a "Special Interest Group" having it's way because it gave money to ensure the vote came out in their favor. It certainly isn't Democracy.



As far as I am concerned, those who donated get to choose where their money goes. I'm not the final say in the matter, however. But that's my personal vote. And it makes sense to have it based upon the coins that were contributed as those people put more currency at stake. But we should definitely hold a discussion to see what people's thoughts are.

If that 536,042 coins were a crypto network, it would be decided by the majority votes according to coin count.

But the Veri-SuperNET Fund isn't a crypto network. It was given by James to the Community with it's use to be at the discretion of the Community.


Kevondo
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September 12, 2014, 11:31:07 PM
 #16005

Either way Kevondo, AKA  (Eugene) Grin.

The whole veri community still has to overcome this and still make the next hike to raise the next milestone of coins.

Wet Wipe,

Kevondo and Eugen are two different individuals.

Reavon is Eugen's handle on the forums and IRC. I might have confused you with the bit about my middle name being Eugene. Also Reavon spells Eugen without an "e" on the end as I do. 

The Reavon interview is and has been available "On Demand" if you scroll down on The VRCRadio Homepage. The Daily show also is now avaiable if you are unable to listen live.

VRCRadio has been and will remain in a state of flux until we get the design the way we think will be most effective. So search around it and let us know what you think. We welcome any constructive critisim and  suggestions.

The backend has incredible power/functionality through the CSS program Joomla. Coupled with MixLR they make for  a potent Broadcasting solution.

Thanks for Listening

Autodidact
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September 13, 2014, 03:30:09 AM
 #16006

I can imagine a situation where people donating about 100 VRC are holding as strong of a vote as someone who donated 100,000.  You could get trolls coming out of no-where, getting together, and throwing 100 VRC each to swing votes in a direction that may not represent the community properly.  I think weighted votes are the only way to do it.

Something like:
100VRC-1000VRC donated = 1 vote
1001VRC-10,000VRC = 2 votes
10,001VRC-30,000VRC = 2.5 votes
30,001VRC-50,000VRC = 3 votes

Just an example.. I'm sure it could be structured fairly, albeit I'm not the best to go for advice on this but it seems like a fair method to me...
tom14cat14
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September 13, 2014, 03:34:10 AM
 #16007

I can imagine a situation where people donating about 100 VRC are holding as strong of a vote as someone who donated 100,000.  You could get trolls coming out of no-where, getting together, and throwing 100 VRC each to swing votes in a direction that may not represent the community properly.  I think weighted votes are the only way to do it.

Something like:
100VRC-1000VRC donated = 1 vote
1001VRC-10,000VRC = 2 votes
10,001VRC-30,000VRC = 2.5 votes
30,001VRC-50,000VRC = 3 votes

Just an example.. I'm sure it could be structured fairly, albeit I'm not the best to go for advice on this but it seems like a fair method to me...

I have to agree. No matter what we think things are not equal. If someone has a lot more money invested then be they should have more say because they have much more than me to loose. Same with people with less then me. If I am top dog I sure as hell do not want someone that has .0001% of what I have invested running how my money is handled.

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September 13, 2014, 04:41:37 AM
 #16008

I can imagine a situation where people donating about 100 VRC are holding as strong of a vote as someone who donated 100,000.  You could get trolls coming out of no-where, getting together, and throwing 100 VRC each to swing votes in a direction that may not represent the community properly.  I think weighted votes are the only way to do it.

Something like:
100VRC-1000VRC donated = 1 vote
1001VRC-10,000VRC = 2 votes
10,001VRC-30,000VRC = 2.5 votes
30,001VRC-50,000VRC = 3 votes

Just an example.. I'm sure it could be structured fairly, albeit I'm not the best to go for advice on this but it seems like a fair method to me...

I have to agree. No matter what we think things are not equal. If someone has a lot more money invested then be they should have more say because they have much more than me to loose. Same with people with less then me. If I am top dog I sure as hell do not want someone that has .0001% of what I have invested running how my money is handled.
Obviously, the vote of how to spend the donations should be by those who go now and donate with each coin being 1 vote.  Anything else is wholly unfair.

100 VRC donated = 100 votes
50,000 VRC donated = 50,000 votes.

That is what weighted means and that is why I believe James choose the word "weighted" when he first donated the coins back to the community.  Very simple and fair.
correct
golden rule applies to these things

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
Afridon
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September 13, 2014, 04:53:06 AM
 #16009

I have heard that VRC have joined the supernet work!Good for all of us!
effectsToCause
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September 13, 2014, 07:28:27 AM
 #16010

Hey guys,

Just wanted to give an update.  New wallet is in final stages.  Sneak peek at it is coming tomorrow.  There is a few finishing touches, a little more testing, compilation for the three OSes, then we will release it.  So we are at like 99% on that.
ereborltc
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September 13, 2014, 07:43:58 AM
 #16011

Hey guys,

Just wanted to give an update.  New wallet is in final stages.  Sneak peek at it is coming tomorrow.  There is a few finishing touches, a little more testing, compilation for the three OSes, then we will release it.  So we are at like 99% on that.
Yessir!! thats what i like to see! lets keep this momentum!

thanks!
setup
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September 13, 2014, 08:03:51 AM
 #16012

Am I the only one who is getting nearly nothing out of the mining pool at the moment? I have a 28 Mh/s Scrypt miner running since 4 days and got only something like 40 VRC.

https://litebit.eu/registration/de/3337ouEH2M/
Add a VRC banner to your Website & support VERICOIN
Aliyah
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September 13, 2014, 08:51:06 AM
 #16013

I have heard that VRC is going to cooprated with supernet.Am i right?
Kevondo
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September 13, 2014, 09:00:27 AM
 #16014

I have heard that VRC is going to cooprated with supernet.Am i right?

Yes. But "has been" and 'is" co-opearating/in concert with/working with are more exact.
 

Kevondo
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September 13, 2014, 09:45:21 AM
 #16015

I can imagine a situation where people donating about 100 VRC are holding as strong of a vote as someone who donated 100,000.  You could get trolls coming out of no-where, getting together, and throwing 100 VRC each to swing votes in a direction that may not represent the community properly.  I think weighted votes are the only way to do it.

Something like:
100VRC-1000VRC donated = 1 vote
1001VRC-10,000VRC = 2 votes
10,001VRC-30,000VRC = 2.5 votes
30,001VRC-50,000VRC = 3 votes

Just an example.. I'm sure it could be structured fairly, albeit I'm not the best to go for advice on this but it seems like a fair method to me...

I have to agree. No matter what we think things are not equal. If someone has a lot more money invested then be they should have more say because they have much more than me to loose. Same with people with less then me. If I am top dog I sure as hell do not want someone that has .0001% of what I have invested running how my money is handled.
Obviously, the vote of how to spend the donations should be by those who go now and donate with each coin being 1 vote.  Anything else is wholly unfair.

100 VRC donated = 100 votes
50,000 VRC donated = 50,000 votes.

That is what weighted means and that is why I believe James choose the word "weighted" when he first donated the coins back to the community.  Very simple and fair.
correct
golden rule applies to these things
l
The above attitudes are the driving forces behind corruption. (see Kevondo's Rule . "EveryBody Counts")

The "Haves" can Buy their way in and have it their way.

The conundrum is how to insure a truely democratic vote.

 Pehaps James can come up with a Block-Chain Two, voter registration solution, that gives one vote to each community member regardless of level of wealth. This would be a 'Game Changer" for all of socitey. A secure, tamper proof, mechinism for conducting a vote within a pure Democratic, one person/one vote, all people are equal, entity.  

This solution would have to insure "anonomity" to satisfy some.

                                     --OR--

Maybe we should deterimine if  VeriCoin is based on Democratic principles. One vote for each VRC owned is NOT how a Democracy operates.

--------------------------------------------------------------------------------------------------------------------

James. The Golden Rule I know is "Do unto others as you would want done unto you."

If some Whale came in and contributed 500,037 VRC he would hold a majority of the coins.

In the case of a 2/3 majority being needed the Whale would only have to get holders or proxies from other holders of slightly less then  170,000 VRC to win control. The amount needed for control could be reduced further by additional contributions by the originating, Big Buying, Whale.







vtec2liter
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September 13, 2014, 10:31:15 AM
 #16016

Everyone, sometimes we have to take a leap of faith the Trust comes later. Look at the work has James has put into Vericoin. He sees something here that can really be a game changer. I have quite a lot invested in this coin myself. I have even put coin into Supernet because I believe in the plan and in the Devs. Lets come together and move forward we all have Stake in the coin so lets all work to get it moving in the direction it should be moving. Shall we?
Xosihc
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Hello


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September 13, 2014, 12:23:30 PM
 #16017

I'm excited to see this new wallet UI. I've heard some really good things about it.
effectsToCause
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September 13, 2014, 04:30:30 PM
 #16018

Sneak peek of portion of the new wallet.  We are putting in the finishing touches, and here is a taste of what's to come.

barabbas
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September 13, 2014, 05:10:09 PM
 #16019

Sneak peek of portion of the new wallet.  We are putting in the finishing touches, and here is a taste of what's to come.



Is the stake number the REAL one or like before?
effectsToCause
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September 13, 2014, 05:25:31 PM
 #16020

Sneak peek of portion of the new wallet.  We are putting in the finishing touches, and here is a taste of what's to come.



Is the stake number the REAL one or like before?

This is the one from before.  We would have to distribute new data to all the nodes in the network to get the pure coins staking.  We will do this, but not on this update because it will come with the next protocol update.
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