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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1351019 times)
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October 17, 2014, 02:50:17 PM
 #16641

kind of sad.. a weed coin that has 99M coins is worth more than VRC Sad
Its worth more today but it won't be worth more next week that i can promise Wink Those are just weekly pump and dump shitcoins... how many weed coins are there? cann, maryj, pot, theres even another cannabiscoin and dopecoin ... and i know I'm missing another one lol saddest thing is is that potcoin has been around forever and work hard and have great things going on yet its the cheapest one lol. The crypto market is lame and you can't put value on any coin due to its price... only .01% of coins are priced proper to value, the rest are just results of whales and manipulation(gambling)...Thats why without some kind of change, crypto will wither away as all the btc is funnelled into the selected few (whales, sharks, scammers, thieves, blah blah etc...)

99% of all coins out there right now will be dead, gone and never to be heard of again only to be replaced by fresh new shitcoin scams etc...and the cycle continues until were left with the strongest real coins with ppl behind it that never quit and always had the right intentions, the ones that survived the whales and manipulations, the ones that always kept true to the real purpose of change.

Thats why I chose vericoin to be my main bitch, the one i don't toy with, the one i only buy and stake. I know its the one coin that no matter what happens in this early stage cesspool of a gold rush called crypto, vericoin will never be given up on. If you snap shot this post and read it next year or 2 years from now i can promise you 2 things...1- vericoin will be around and 2- those weed coins we were just talking about most probably will be hard to even remember...
and hempcoin lol wow...

I'm sure you are correct kunachii...but it is still kind of sad
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October 17, 2014, 03:12:29 PM
 #16642

I wonder if the supernet news will follow through.

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October 17, 2014, 03:19:11 PM
 #16643

what happened to vrc? I don't have the time to follow you guys anymore, but judging by the price there are still no real updates I guess? Plus the general situation in the Scene makes it hard to find any buy support currently.

And as I understood Mintpal/Moolah fuck up as bad as they could which drags a lot of volume out of the market on top.


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October 17, 2014, 04:24:25 PM
 #16644

what happened to vrc? I don't have the time to follow you guys anymore, but judging by the price there are still no real updates I guess? Plus the general situation in the Scene makes it hard to find any buy support currently.

And as I understood Mintpal/Moolah fuck up as bad as they could which drags a lot of volume out of the market on top.


 Embarrassed

it is better VRC is in the low right now, otherwise, vrc will be sold high and btc will go to other coins, particularly the upcoming ICO of another gaming coin.

edit: i miss the times when VRC was so hot tho..
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October 17, 2014, 05:53:01 PM
 #16645


Here is the "jl777" effect - an effective pump and dump ponzi scheme Smiley. He runs an "investment fund" and makes trading bots for christ sake people.

The new XC BlockNET will blow SuperNET out of the water as it doesn't demand 10% of the coins that he can use to manipulate the price. (His "sharkfund" already had atleast 10% of BBR already? I wonder who was manipulating the price before the pump and why he included it in the SuperNET Wink)
LTCD and the BlockNET will be the winners. They actually know how to market and explain things to new users, not scream "the community isn't helping me enough! it will never get done if you guys don't do everything i don't want to" - while he sits on 4000 btc raised from the IPO.

I fully agree with you.

It has been a grandiose talk and very-very little substance from this jl777 James guy, though lately he doesn't even talks here. My late grandmother could have as much effect on VRC price as this guy had, and my grandmother never ever seen a computer. As I said here many time, no one will remember 1 year time what SuperNet was  - except people who put hard earned cash into that vaporware.

Now, he got 100 BTC and the VRC price is still dropping. I guess he is dumping to buy low with the 100 BTC. He don't give a shit about VRC price nor about the community, he only needed VRC to use its transparent image to complete his ICO, and now he is gone.

In the meantime a few vocal cheerleaders celebrate the low price here, saying that actually they are happy with the low price. Of course cheerleaders would say anything to justify this failing project: if the price rise that's great, if the price drop that's great too ... quite incredible.
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October 17, 2014, 07:48:58 PM
 #16646

Wow, so much hot air about Supernet somehow making VRC look bad.

VRC will reign because it's developers are transparent and extremely competent.
Cmon, you know their names, where they went to college & see their faces every google hangout. What other coins are so transparent? Hmm, none.

In the real world(you remember there is a real world right?) business ventures/partnerships operate on transparency & results and reward those that keep moving forward. Whitepapers don't mean a thing to real investors and the real money hasn't even begun to flow into crypto because so many coins are full of shit.

Crypto is so much still in it's infancy, the big moves are still 12-24 months out. Crypto success is all about longevity and awareness, a couple items that Patrick and team have a handle on.

Vericoin is one of my holdings that I dont even watch the price because in the long run it's a winner. Set you buys for every time it dips below 11k and look at your holdings in a year.

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October 17, 2014, 08:01:24 PM
 #16647

Theres so much nonsense in the last two page i dont even know where to start...

Supernet holds 10% of all core coins and will not sell them.
And also there is no single entity that control the funds alone not even james.
everything regarding funds is in (multisig) escrow and needs to be decided by assetsholders through a weightened vote.


You are buying supernet asset which has value through the core coins and other assets besides the speculation of future dividends (additionaly supernet holder already received 2 dividends) - one of the biggest difference to clonenet.

All i see are 5 activity newbie fudder, please try harder

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October 17, 2014, 08:02:57 PM
 #16648


Here is the "jl777" effect - an effective pump and dump ponzi scheme Smiley. He runs an "investment fund" and makes trading bots for christ sake people.

The new XC BlockNET will blow SuperNET out of the water as it doesn't demand 10% of the coins that he can use to manipulate the price. (His "sharkfund" already had atleast 10% of BBR already? I wonder who was manipulating the price before the pump and why he included it in the SuperNET Wink)
LTCD and the BlockNET will be the winners. They actually know how to market and explain things to new users, not scream "the community isn't helping me enough! it will never get done if you guys don't do everything i don't want to" - while he sits on 4000 btc raised from the IPO.

I fully agree with you.

It has been a grandiose talk and very-very little substance from this jl777 James guy, though lately he doesn't even talks here. My late grandmother could have as much effect on VRC price as this guy had, and my grandmother never ever seen a computer. As I said here many time, no one will remember 1 year time what SuperNet was  - except people who put hard earned cash into that vaporware.

Now, he got 100 BTC and the VRC price is still dropping. I guess he is dumping to buy low with the 100 BTC. He don't give a shit about VRC price nor about the community, he only needed VRC to use its transparent image to complete his ICO, and now he is gone.

In the meantime a few vocal cheerleaders celebrate the low price here, saying that actually they are happy with the low price. Of course cheerleaders would say anything to justify this failing project: if the price rise that's great, if the price drop that's great too ... quite incredible.

hep hep hurray
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October 17, 2014, 09:21:01 PM
 #16649

Theres so much nonsense in the last two page i dont even know where to start...

Supernet holds 10% of all core coins and will not sell them.
And also there is no single entity that control the funds alone not even james.
everything regarding funds is in (multisig) escrow and needs to be decided by assetsholders through a weightened vote.


You are buying supernet asset which has value through the core coins and other assets besides the speculation of future dividends (additionaly supernet holder already received 2 dividends) - one of the biggest difference to clonenet.

All i see are 5 activity newbie fudder, please try harder


FUD DESTROYED! Cool
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October 17, 2014, 09:55:37 PM
 #16650


If the core coins will never be sold then the SuperNET asset's value is not linked to the coins at all, other than the speculation of future dividends that those coins will provide.

You do understand that you already are contradicting yourself with the first sentence right?
Supernet holds 10% of all core coins they are a asset of supernet; of course supernets NAV is linked to the value of the corecoins. The main idea behind it is this: http://en.wikipedia.org/wiki/Keiretsu


Quote
In no way can you sell the asset for any of the 10% of the coins that are being held indefinitely.

I dont understand what you are trying to say here, please rephrase.


Quote
The only thing you can do is collect dividends on any revenue the services generate (just like the BlockNET) which means its value will only be linked to speculation on how long it will take those dividends to pay back your initial investment.

This is wrong, like other people and i explained supernet is backed up by corecoins and several other assets - in a way you could say it has intrisic value - on the contrary to clonenet which only has a promise of a future revenue stream like you said  Roll Eyes


Quote
Just how much did you receive in dividends so far and from what?

We received 15.000 NXTInspect and 50.000 NeoDice assets which were prices at respected ~4 NXT and ~45 NXT per asset, so in the sum around 2+%



btw one last thing about clonenet:

Imitation is the sincerest form of flattery.

in that sense, thank you very much  Cheesy


/edit

Backed by means you can exchange it for a fixed amount of the underlying asset. Fixed amount means that no matter how many currency units are presented for redemption, each one of them will be exchanged for a fixed amount of the underlying asset. If there is not enough of the underlying asset, it's called the system is operating on fractional reserve.

We are talking about supernets value here, not about currency reserve standards luls.
nice quote to a total different story.


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October 17, 2014, 11:18:39 PM
 #16651

Quote
So wait, the NAV is linked to the value of the core coins? And what was the average price most people bought into the SuperNET at?
AND he's allowed to use 1% of the funds raised as a wall UNDER the price people bought in at (which is actually more than 1% if he doesn't adjust for the decline in the assests values).
What then? Does he resell what he just bought at a higher price, or get to keep it to hoard more of the dividends.
Wow, no wonder he's dumping everything so hard. I was wondering what he was up to.

James cant dump anything because he has no control over 99% of the funds and the 1% (at ending of the ico ~57 btc, it is way less then he put in supernet himself) he controls are for marketing, bountys etc regarding supernet.
99% of the ICO funds are in (multisig) escrow!


Quote
No. It isn't backed by anything. That implies that at any time you can trade your SuperNET assest for a certain amount of the core coins that are apparently backing it.

Quote
Yes. We are talking about the supernet's value and how people seem to think it's backed by the core coins. See above.

drkman and myself were talking about how supernets value is backed up by the value of the core coins and the assets that supernet holds.
you are the only one talking about a financial reserve of a currency.


Quote
Wow. That's some great liquidity in those markets. What is that about $12 worth that a few of you can sell for? Meanwhile UNITY has dropped what? 20%?

What do you mean? On the first two weeks there was great volume, everyone could have sold and buy, even now with the situation of btc it has a good orderbook.


Quote
Where are you getting 2% from. You received 15000 and 50000 each?

alone neodice asset was ~1,5% worth with supernet valued at 200 nxt.
That is the sum of all assets distributed to supernet assetholder.



next one please 8 10 activity fud newbie

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October 18, 2014, 01:54:30 AM
 #16652

Hi Smiley

probably nobody knows the answer but gonna ask anyway.. why has development been stagnant ? They where so active in the beginning. What happened?..

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October 18, 2014, 02:15:59 AM
 #16653

...   Cry

That all you got...
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October 18, 2014, 03:19:21 AM
 #16654

Hi Smiley

probably nobody knows the answer but gonna ask anyway.. why has development been stagnant ? They where so active in the beginning. What happened?..

Devs aren't here anymore...check out the new forums, lots being done and worked on Cool

https://www.vericoinforums.com/

Almost at 100+ posts daily Cool
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Hello


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October 18, 2014, 03:27:24 AM
 #16655

dat wall
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October 18, 2014, 06:08:45 AM
 #16656

Wow am I glad I bought 50% more last night  Shocked

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October 18, 2014, 06:52:18 AM
 #16657

Wow, so much hot air about Supernet somehow making VRC look bad.

VRC will reign because it's developers are transparent and extremely competent.
Cmon, you know their names, where they went to college & see their faces every google hangout. What other coins are so transparent? Hmm, none.

In the real world(you remember there is a real world right?) business ventures/partnerships operate on transparency & results and reward those that keep moving forward. Whitepapers don't mean a thing to real investors and the real money hasn't even begun to flow into crypto because so many coins are full of shit.

Crypto is so much still in it's infancy, the big moves are still 12-24 months out. Crypto success is all about longevity and awareness, a couple items that Patrick and team have a handle on.

Vericoin is one of my holdings that I dont even watch the price because in the long run it's a winner. Set you buys for every time it dips below 11k and look at your holdings in a year.

Highjacking this post.

I'm still not sure why you'd find public developers - of a project that you invested in - a greater deal.
Is it possible that you just suck at investing? If, in your eyes, it's rare to find the real people behind the projects you back. And please note, when I say 'you', I'm not referring to OP specifically. I prefer if you all take this as a general notice.
I don't feel like judging your ways, but please don't try to hit the blindman countless times with the same invalid reasoning. Being a public profile adds nothing. Having it in the alternative cryptocurrency jungle might be satisfying due to its lack, but by no means translates immediately to transparency and competence like you are intending to make believe.

Having said that, I don't doubt that VRC devs set a few unique precedents. You should focus more on that imo. Their vision was ambitious, yet palpable. They've actually achieved to implement unique tools to their ideals. VeriBit for example, being centralized or not, was a successfully implemented changing feature. It covered a whole series of issues related to acceptance, and it was presented in a simple but effective way. Other features like SMS were less effective, and less impressive to the eye, yet they went all in the great purpose to bring crypto to the masses easily. This must be noted.

VRC had a quite royal run, because it caught most of the community on an early phase, generating its initial attracting volume, and getting backed later by a few more of those who saw an opportunity.
The hype after a few weeks, at the current price range actually, was insane. #VRC was second to Bitcoin in Twitter references regarding crypto currency. And all that jazz eventually came up to tell you: "hey, they're public, you can't get hurt."
But you did. It's my honest belief that that pump needed an end to satisfy some parts, and even though I'm not sure if its end was premeditated, I'm certainly suspicious on certain actions taken at the time.
Nothing can consistently go up in value without getting a few chops. And VRC seemed undefeatable. The interest was so huge that some even put their life savings into it. And they got burned.

Now the important part of it, if we fast forward it till now: VeriCoin stands solid on its real market price. For what it is, let's say it. You can trade it now ~40k less of its ATH. Some might think it's a disaster, others an opportunity.
Then comes the need to reinvent from the bagholder, so there's a Supernet all of a sudden (because community paid for it in the sake of "we must do something") and the once before active devs - slowly get 'sold' to take a route they never before idealized. For market's sake.
If it wouldn't be for the pressure - and to this point I stand corrected and apologize for my poisonous VRC rants on Twitter that I never cared to explain in detail*; I'd be happy to envision a VeriCoin loyal to its initial principles, with hard hand good communicating devs, and real palpable routes like were drawn before.

Point is, before I wander off even more, worry not to bring VRC out of its own devs, by Supernetting the shit out of it. This was a silly idea. Instead, convince this team to question their way and their will.
If principles are still intact, I don't see a reason not to hard implement them. We know that funds are easily raised. And even the dev needs a bit of motivation from its peers. Catch him before he moves off to another project, where your money is not at... yet.


Disclaimer:
*I am kleineaap, @1kleine twitter handle. Long term supporter of VRC since I discovered it at 800sat. I used my early BTC funds to support the market buys and accumulated enough all the way to 1.5 million VRC.
The night I finished dumping half a million coins I made my holdings public for the first time. 3 hours later there was the "Mintpal hack" which ended up hurting me a lot.
The hack was never explained. One of the devs actually told me that "we never had any proof evidence of an actual hack taking place". I've called out the other devs, and I was in search for a decent clarification "that protects the investors" which never came.
So I've moved on, and despite not suffering direct losses, I somewhat felt that I was prevented to dump. So I said fuck you, and I managed to sell another 500k off market during the sell off.
Still holding a third of it. What happened? I can speculate, but honestly I don't know for sure.

But at least Alex/Ryan is public now and we don't have Mintpal anymore.

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October 18, 2014, 08:52:08 AM
 #16658

Wow, so much hot air about Supernet somehow making VRC look bad.

VRC will reign because it's developers are transparent and extremely competent.
Cmon, you know their names, where they went to college & see their faces every google hangout. What other coins are so transparent? Hmm, none.

In the real world(you remember there is a real world right?) business ventures/partnerships operate on transparency & results and reward those that keep moving forward. Whitepapers don't mean a thing to real investors and the real money hasn't even begun to flow into crypto because so many coins are full of shit.

Crypto is so much still in it's infancy, the big moves are still 12-24 months out. Crypto success is all about longevity and awareness, a couple items that Patrick and team have a handle on.

Vericoin is one of my holdings that I dont even watch the price because in the long run it's a winner. Set you buys for every time it dips below 11k and look at your holdings in a year.

Highjacking this post.

I'm still not sure why you'd find public developers - of a project that you invested in - a greater deal.
Is it possible that you just suck at investing? If, in your eyes, it's rare to find the real people behind the projects you back. And please note, when I say 'you', I'm not referring to OP specifically. I prefer if you all take this as a general notice.
I don't feel like judging your ways, but please don't try to hit the blindman countless times with the same invalid reasoning. Being a public profile adds nothing. Having it in the alternative cryptocurrency jungle might be satisfying due to its lack, but by no means translates immediately to transparency and competence like you are intending to make believe.

Having said that, I don't doubt that VRC devs set a few unique precedents. You should focus more on that imo. Their vision was ambitious, yet palpable. They've actually achieved to implement unique tools to their ideals. VeriBit for example, being centralized or not, was a successfully implemented changing feature. It covered a whole series of issues related to acceptance, and it was presented in a simple but effective way. Other features like SMS were less effective, and less impressive to the eye, yet they went all in the great purpose to bring crypto to the masses easily. This must be noted.

VRC had a quite royal run, because it caught most of the community on an early phase, generating its initial attracting volume, and getting backed later by a few more of those who saw an opportunity.
The hype after a few weeks, at the current price range actually, was insane. #VRC was second to Bitcoin in Twitter references regarding crypto currency. And all that jazz eventually came up to tell you: "hey, they're public, you can't get hurt."
But you did. It's my honest belief that that pump needed an end to satisfy some parts, and even though I'm not sure if its end was premeditated, I'm certainly suspicious on certain actions taken at the time.
Nothing can consistently go up in value without getting a few chops. And VRC seemed undefeatable. The interest was so huge that some even put their life savings into it. And they got burned.

Now the important part of it, if we fast forward it till now: VeriCoin stands solid on its real market price. For what it is, let's say it. You can trade it now ~40k less of its ATH. Some might think it's a disaster, others an opportunity.
Then comes the need to reinvent from the bagholder, so there's a Supernet all of a sudden (because community paid for it in the sake of "we must do something") and the once before active devs - slowly get 'sold' to take a route they never before idealized. For market's sake.
If it wouldn't be for the pressure - and to this point I stand corrected and apologize for my poisonous VRC rants on Twitter that I never cared to explain in detail*; I'd be happy to envision a VeriCoin loyal to its initial principles, with hard hand good communicating devs, and real palpable routes like were drawn before.

Point is, before I wander off even more, worry not to bring VRC out of its own devs, by Supernetting the shit out of it. This was a silly idea. Instead, convince this team to question their way and their will.
If principles are still intact, I don't see a reason not to hard implement them. We know that funds are easily raised. And even the dev needs a bit of motivation from its peers. Catch him before he moves off to another project, where your money is not at... yet.


Disclaimer:
*I am kleineaap, @1kleine twitter handle. Long term supporter of VRC since I discovered it at 800sat. I used my early BTC funds to support the market buys and accumulated enough all the way to 1.5 million VRC.
The night I finished dumping half a million coins I made my holdings public for the first time. 3 hours later there was the "Mintpal hack" which ended up hurting me a lot.
The hack was never explained. One of the devs actually told me that "we never had any proof evidence of an actual hack taking place". I've called out the other devs, and I was in search for a decent clarification "that protects the investors" which never came.
So I've moved on, and despite not suffering direct losses, I somewhat felt that I was prevented to dump. So I said fuck you, and I managed to sell another 500k off market during the sell off.
Still holding a third of it. What happened? I can speculate, but honestly I don't know for sure.

But at least Alex/Ryan is public now and we don't have Mintpal anymore.
Hey kleineaap ! From your rants on twitter i didn't know you can articulate so well Wink So why the sudden post ? I read it but not really understanding where you stand really... either way glad to hear from you.


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Coinler
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October 18, 2014, 10:22:01 AM
 #16659

roadmap looking good for this coin. I like the stability of the price also, you know it will not be dumped to 2200 like XST as it is a true value at the moment and can only go up.
It usually floats between 9K and 11K so buying now is smart I think.



Yeah really GREAT looking roadmap,  looks very much like the I/OCoin one. We are more ahead on our developments also. Smiley

looks good. the market looks good too returning to an organic growth pattern i believe.
GaliX
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October 18, 2014, 10:26:10 AM
 #16660

roadmap looking good for this coin. I like the stability of the price also, you know it will not be dumped to 2200 like XST as it is a true value at the moment and can only go up.
It usually floats between 9K and 11K so buying now is smart I think.



Yeah really GREAT looking roadmap,  looks very much like the I/OCoin one. We are more ahead on our developments also. Smiley

looks good. the market looks good too returning to an organic growth pattern i believe.

this road map looks the same for almost 3 months, beside the new wallet got finished.

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