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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346468 times)
barabbas
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October 27, 2014, 03:38:49 AM
 #16821

You see UK what a little bit of ego-stroking will get you? It will also work on Nosker, believe me... Dave, he just doesn't give a crap... but would appreciate any ego-stroking also... human nature, of course.

Well, at least you have got him to admit, once again, that we are going in circles here at VRC, meaning nowhere. Because, sorry UK but you are ALSO wrong, regarding the exchange. And the marketplace. As I have stated before many times, digital currencies are, by design, companions of FIAT as currencies. Apple is launching one, that will be effective, very effective, but it is pegged to FIAT. It won't happen to digital currencies in a very long time (and then only in isolated cases, i.e.: Overstock.com), because there's not enough advantage in them to justify the risk it currently involves such acceptance. And, when it does, it will be Bitcoin, not VRC nor any other alt. Now, as a tradeable storage of value, the alt world is coming to a crashing end altogether very qyuickly due to the staggering amount of scams, mostly. And because enough risk -and reward- is already provided by bitcoin itself. No need for the other crap that bring very little in anything at all to the table. But, if VRC is to survive and play a minimal part in the future of these currencies, it will be as a currency, NOT as a business. There are already, and have been for a while, a lot of "businesses" around the digital currencies. All of them failed. There's the E-bay equivalent, has been around for a while (not just one, several, Unbrakable coin has been trying to get action in his own for months already: failed). Xbot recently tried and failed miserably to get people to exchange shit over twitter and its chinese equivalent... Fact is that any exchange digital currencies users want to have, they can have it already using available tools and currencies... as well as escrow services. You want to sell anything, post it here or in several other threads or forums and you will get people interested (one in 100 legit, by the way, don't forget this is the territory of scammers). Those REALLY interested, agree on a price, set an escrow and close the deal. Very few do. That's the extent of what an "exchange" with digital currencies will ever imply, associated with a specific currency or not. The Cannabis recent p&d will show you, again, that even for the "high crowd", there's just no way on Earth for it to work. Not even on "medicinal stuff".

No need to mention again the absurd idea of a "decentralized cloud storage" business associated with VRC or any other digital currency. Everyone with any common sense, already has all the info they want to use.

But, UK, ego-stroking or not, you are not going to be invited to the Xmas party if you keep mentioning me man. You know the mantra, don't you? I could be Jesus Christ himself, for real, not a "barabbas" handle and still whatever I propose, no matter how incredibly opportune it might be, is a no-no by definition... and because, you know, I call a dog ... well a dog. A stooge, a stooge. Or a headless hen, a headless hen. And that, you know, takes all the merit away from any and all ideas, so don't waste your time... You do know what kind of people you are dealing with here. In the devs AND in the choirboys. Remember the guy in Minnesota and the fair? well, there you have it. And that one actually did something, imagine the other ones... Man, do not waste your time, really. Not worth it at all.

Now, as everyone knows, I was the first on these boards to support and push for James to join VRC. The effect was immediate and the price doubled in hours. Of course it did not last, among other things because it wasn't clear what if anything he was going to deliver for VRC in 6 months and also, let's be perfectly honest here, because the drought has reached digital currencies territory and the beginning of the end announced for alts. BOTH factors, not just one. Even the people that enthusiastically threw money at the Ethereum project will more than gladly get their BTC -devalued and all- back if the could now that they realize they will have it locked for many, months, perhaps years. It's another reality, quite different, from the reality that we were facing when James came in to VRC. Mind you, I still support James being part of VRC, not because I have any solid reason for it beyond the fact that, without him, we are back to square one -and not Summer anymore, so the kids are back in school-, meaning we have what we have, with all its enormous shortcomings, and we are never going to have anything better tech-wise, so James is, at the very least, a hope, a (remote) possibility of something more.

That said, the shine has gone. The "magic" is no longer. I don't know if anyone has bothered to check it but a look at the last 30 days behavior of James' main "assets", the Supernet, NXTVentures and JD777 HODL, will show you with no margin for doubt as to how the shine has gone. Considering that VRC has lost half its value since James propelled it to 17k ever so briefly, VRC is not doing that much worse than his other assets... which puts pretty much in question how much of an assets, really, the association is. Once again, not taking any position on this, just bringing the facts and reality up for consideration.

Anyway, I thought the choirboys would just play in their patio as they were so much complaining about the noise in this one, but, of course, what's shit will always stink and here they come again and again to keep on shitting in this one that is what they always did and wanted to do. It's tiresome. And not worth any efforts, really.

And, like I said, bringing me up here, UK, will not get you in on the Xmas party at Nosker's... actually, it will bring you to give him yet another opportunity to throw you out from it. Oh how he loves to do that... you know,  never in his life he was given such a chance so it is fulfilling a lifetime ungranted desire, don't take it personally...
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October 27, 2014, 03:47:41 AM
 #16822

Ummmmm Xmas party!!!

Jon  Shocked

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October 27, 2014, 04:18:53 AM
 #16823

While the bloom is off the this current rose for all the virtual currencies as of late,  I do find it rather interesting that Dogecoin is still valued at over 27 times more than Vericoin and Litecoin is still priced at a whopping 144X premium over Vericoin.  So on a comparative basis, VRC would be considered an extreme value stock from fund manager's perspective.  Only time will tell if those ratios hold or move towards the mean in the future; but probability would dictate that of the surviving alt coins, in the future there would be a regression to the mean which would benefit VRC with future money flowing into the still productive low priced currencies and out of the comparably expensive currencies.
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October 27, 2014, 04:33:45 AM
 #16824

While the bloom is off the this current rose for all the virtual currencies as of late,  I do find it rather interesting that Dogecoin is still valued at over 27 times more than Vericoin and Litecoin is still priced at a whopping 144X premium over Vericoin.  So on a comparative basis, VRC would be considered an extreme value stock from fund manager's perspective.  Only time will tell if those ratios hold or move towards the mean in the future; but probability would dictate that of the surviving alt coins, in the future there would be a regression to the mean which would benefit VRC with future money flowing into the still productive low priced currencies and out of the comparably expensive alt currencies.

Would it be perhaps because those two are just CURRENCIES and with no intention whatsoever to ever become "businesses" or "assets"?

Just a thought.
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October 27, 2014, 04:54:30 AM
 #16825

While the bloom is off the this current rose for all the virtual currencies as of late,  I do find it rather interesting that Dogecoin is still valued at over 27 times more than Vericoin and Litecoin is still priced at a whopping 144X premium over Vericoin.  So on a comparative basis, VRC would be considered an extreme value stock from fund manager's perspective.  Only time will tell if those ratios hold or move towards the mean in the future; but probability would dictate that of the surviving alt coins, in the future there would be a regression to the mean which would benefit VRC with future money flowing into the still productive low priced currencies and out of the comparably expensive alt currencies.

Would it be perhaps because those two are just CURRENCIES and with no intention whatsoever to ever become "businesses" or "assets"?

Just a thought.
Perhaps, but I don't think it matters if you call it currency or assets.  What I believe matters is that the market currently is (potentially incorrectly) pricing in a 27X greater odds of Dogecoin succeeding and 144X greater odds of Litecoin succeeding compared to Vericoin when the reality is their respective fates are actually strongly linked together or highly correlated and given that, it is only the old inertia of money that still maintains these extreme premiums.  We've already seen some of that old inertia money begin to bleed off of Litecoin and Dogecoin and of the coins that make it into 2015 I hope we see that trend continue.
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October 27, 2014, 05:26:39 AM
 #16826

While the bloom is off the this current rose for all the virtual currencies as of late,  I do find it rather interesting that Dogecoin is still valued at over 27 times more than Vericoin and Litecoin is still priced at a whopping 144X premium over Vericoin.  So on a comparative basis, VRC would be considered an extreme value stock from fund manager's perspective.  Only time will tell if those ratios hold or move towards the mean in the future; but probability would dictate that of the surviving alt coins, in the future there would be a regression to the mean which would benefit VRC with future money flowing into the still productive low priced currencies and out of the comparably expensive alt currencies.

Would it be perhaps because those two are just CURRENCIES and with no intention whatsoever to ever become "businesses" or "assets"?

Just a thought.
Perhaps, but I don't think it matters if you call it currency or assets.  What I believe matters is that the market currently is (potentially incorrectly) pricing in a 27X greater odds of Dogecoin succeeding and 144X greater odds of Litecoin succeeding compared to Vericoin when the reality is their respective fates are actually strongly linked together or highly correlated and given that, it is only the old inertia of money that still maintains these extreme premiums.  We've already seen some of that old inertia money begin to bleed off of Litecoin and Dogecoin and of the coins that make it into 2015 I hope we see that trend continue.

It isn't a matter of semantics or "call it"; it is what it is. Both Litecoin and Dogecoin are only, strictly, currencies. No pretension of owning or becoming "assets", just alternative currencies. Presently, Vericoin is going in the direction of becoming a business (in decentralized cloud storage, no less) and the market is saying, clearly, unambiguously, "no, there's no future in that for VRC". Therefore the discrepancy in valuation.

There are other factors, of course but I submit of less importance: Both are much more established currencies and with much stronger communities behind them, while VRC is one of many "new kids on the block" that, on its own, has reached already "point of saturation", so to speak.
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October 27, 2014, 06:07:42 AM
 #16827

@Barabbas

Is it your buy wall at around 8000? Were you the guy who bought about 70 BTC of VRC in the last weeks? You are trying so desperately to talk the price down, it must be you. If not, you get paid for writing books in here. If both is wrong, someone else invested about 100 BTC. Sorry, but all of this gives me more confidence in VRC than you could destroy with your negativity.

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October 27, 2014, 07:06:13 AM
 #16828

@Barabbas

Is it your buy wall at around 8000? Were you the guy who bought about 70 BTC of VRC in the last weeks? You are trying so desperately to talk the price down, it must be you. If not, you get paid for writing books in here. If both is wrong, someone else invested about 100 BTC. Sorry, but all of this gives me more confidence in VRC than you could destroy with your negativity.

I a much, much, much smaller player than that. And I am not talking the price down at all or being negative, I am posting clear realities and very educated points of view.

It is my understanding -but could be wrong- that James invested around 100 BTC in VRC around 10 and 12K, so you must be talking about those.

Oh and I believe you will feel way more comfortable down the corridor, on the right, at the new forums. They are a bit more optimistic over there...

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October 27, 2014, 07:50:28 AM
 #16829

The 20 btc buy at 8k is either left over from james 100btc investment or its from btcarchitect or archcoin..but of course it can be anyone Wink

Hey barabbas how is your BRO investment going? Heard they are switching to POS...
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October 27, 2014, 08:24:56 AM
 #16830

My point about anon was, that it was voted out (i did not say i wanted anon added)  , this cloud seems much worse to me.
What the hell are you talking about ?
The Datacenter i was talking about is how u would provide quality of service.
So you are saying you need a datacenter to create good QoS to something that is not even out yet ? Really ?
All those sharing apps u mention how many of those pay u actual money to share?
Once again it is not even out yet, could be 0 could be thousands.
They would be the internet providers that your stealing money from.
Holy Shit really ? You don't pay for your bandwidth ? Those billion dollar companys ? Is that who you are worried will not get a cut?
I know you might think stealing  a few pennies from that big company is not so bad i disagree.
Cry us a river, great now we know you care more about these big corporations then yourself.
It completly taints vrc by providing such a service.
Everytime you open your mouth you taint VRC

and clearly the market agrees with me or i with it.
ROFL how is this clear? Markets are all down, oh wait yes the market agrees with little you. When Whitney Houston sings do you think all the songs are about you also ?

Spam more  "anti" fud blabla , instead of explaining to me and everyone else still holding this coin why this isnt true.
Why what isnt true ? I am also a VRC holder, I have no idea what you are saying

Saying VRC did well past month is simply not true we got a little supernet bump and now we are down where it was before.
Many of us dont care about the price, INNOVATION is doing well... yes. Price is down so what. What coin is not down. If you are swing trading do not cry about your loss, because 1 year from now IF the price flys up THEN WHAT ?

The coin is doing great, I see the developers working hard regularly. Stop your silly FUD because if you did hold VRC you would be asking more relevant questions like "How does it work... I am interested" or "How will the bandwidth work" actually if you were truly a vrc holder you would not even be here you would be with all of us in https://www.vericoinforums.com.

again u just attack without answering intentionally misreading everything because u dont have the answers and come back with this BLa .. if u think im  a FUdder there must not be many people on your side ..
well Gl .. ill leave this thread sell of the few btc of vrc i got left .. because i dont need this shit ,,
ah well at least u didnt just start screaming faggot faggot like ur buddies did last time ,, gl im out .

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October 27, 2014, 09:14:15 AM
 #16831

My point about anon was, that it was voted out (i did not say i wanted anon added)  , this cloud seems much worse to me.
What the hell are you talking about ?
The Datacenter i was talking about is how u would provide quality of service.
So you are saying you need a datacenter to create good QoS to something that is not even out yet ? Really ?
All those sharing apps u mention how many of those pay u actual money to share?
Once again it is not even out yet, could be 0 could be thousands.
They would be the internet providers that your stealing money from.
Holy Shit really ? You don't pay for your bandwidth ? Those billion dollar companys ? Is that who you are worried will not get a cut?
I know you might think stealing  a few pennies from that big company is not so bad i disagree.
Cry us a river, great now we know you care more about these big corporations then yourself.
It completly taints vrc by providing such a service.
Everytime you open your mouth you taint VRC

and clearly the market agrees with me or i with it.
ROFL how is this clear? Markets are all down, oh wait yes the market agrees with little you. When Whitney Houston sings do you think all the songs are about you also ?

Spam more  "anti" fud blabla , instead of explaining to me and everyone else still holding this coin why this isnt true.
Why what isnt true ? I am also a VRC holder, I have no idea what you are saying

Saying VRC did well past month is simply not true we got a little supernet bump and now we are down where it was before.
Many of us dont care about the price, INNOVATION is doing well... yes. Price is down so what. What coin is not down. If you are swing trading do not cry about your loss, because 1 year from now IF the price flys up THEN WHAT ?

The coin is doing great, I see the developers working hard regularly. Stop your silly FUD because if you did hold VRC you would be asking more relevant questions like "How does it work... I am interested" or "How will the bandwidth work" actually if you were truly a vrc holder you would not even be here you would be with all of us in https://www.vericoinforums.com.

again u just attack without answering intentionally misreading everything because u dont have the answers and come back with this BLa .. if u think im  a FUdder there must not be many people on your side ..
well Gl .. ill leave this thread sell of the few btc of vrc i got left .. because i dont need this shit ,,
ah well at least u didnt just start screaming faggot faggot like ur buddies did last time ,, gl im out .


ciao Wink
1 troll down 3 to go Smiley
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October 27, 2014, 10:10:08 AM
 #16832

My point about anon was, that it was voted out (i did not say i wanted anon added)  , this cloud seems much worse to me.
What the hell are you talking about ?
The Datacenter i was talking about is how u would provide quality of service.
So you are saying you need a datacenter to create good QoS to something that is not even out yet ? Really ?
All those sharing apps u mention how many of those pay u actual money to share?
Once again it is not even out yet, could be 0 could be thousands.
They would be the internet providers that your stealing money from.
Holy Shit really ? You don't pay for your bandwidth ? Those billion dollar companys ? Is that who you are worried will not get a cut?
I know you might think stealing  a few pennies from that big company is not so bad i disagree.
Cry us a river, great now we know you care more about these big corporations then yourself.
It completly taints vrc by providing such a service.
Everytime you open your mouth you taint VRC

and clearly the market agrees with me or i with it.
ROFL how is this clear? Markets are all down, oh wait yes the market agrees with little you. When Whitney Houston sings do you think all the songs are about you also ?

Spam more  "anti" fud blabla , instead of explaining to me and everyone else still holding this coin why this isnt true.
Why what isnt true ? I am also a VRC holder, I have no idea what you are saying

Saying VRC did well past month is simply not true we got a little supernet bump and now we are down where it was before.
Many of us dont care about the price, INNOVATION is doing well... yes. Price is down so what. What coin is not down. If you are swing trading do not cry about your loss, because 1 year from now IF the price flys up THEN WHAT ?

The coin is doing great, I see the developers working hard regularly. Stop your silly FUD because if you did hold VRC you would be asking more relevant questions like "How does it work... I am interested" or "How will the bandwidth work" actually if you were truly a vrc holder you would not even be here you would be with all of us in https://www.vericoinforums.com.

again u just attack without answering intentionally misreading everything because u dont have the answers and come back with this BLa .. if u think im  a FUdder there must not be many people on your side ..
well Gl .. ill leave this thread sell of the few btc of vrc i got left .. because i dont need this shit ,,
ah well at least u didnt just start screaming faggot faggot like ur buddies did last time ,, gl im out .


ciao Wink
1 troll down 3 to go Smiley

To get rid of the other 3 will be harder I think

A VRC

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October 27, 2014, 10:24:33 AM
 #16833

My point about anon was, that it was voted out (i did not say i wanted anon added)  , this cloud seems much worse to me.
What the hell are you talking about ?
The Datacenter i was talking about is how u would provide quality of service.
So you are saying you need a datacenter to create good QoS to something that is not even out yet ? Really ?
All those sharing apps u mention how many of those pay u actual money to share?
Once again it is not even out yet, could be 0 could be thousands.
They would be the internet providers that your stealing money from.
Holy Shit really ? You don't pay for your bandwidth ? Those billion dollar companys ? Is that who you are worried will not get a cut?
I know you might think stealing  a few pennies from that big company is not so bad i disagree.
Cry us a river, great now we know you care more about these big corporations then yourself.
It completly taints vrc by providing such a service.
Everytime you open your mouth you taint VRC

and clearly the market agrees with me or i with it.
ROFL how is this clear? Markets are all down, oh wait yes the market agrees with little you. When Whitney Houston sings do you think all the songs are about you also ?

Spam more  "anti" fud blabla , instead of explaining to me and everyone else still holding this coin why this isnt true.
Why what isnt true ? I am also a VRC holder, I have no idea what you are saying

Saying VRC did well past month is simply not true we got a little supernet bump and now we are down where it was before.
Many of us dont care about the price, INNOVATION is doing well... yes. Price is down so what. What coin is not down. If you are swing trading do not cry about your loss, because 1 year from now IF the price flys up THEN WHAT ?

The coin is doing great, I see the developers working hard regularly. Stop your silly FUD because if you did hold VRC you would be asking more relevant questions like "How does it work... I am interested" or "How will the bandwidth work" actually if you were truly a vrc holder you would not even be here you would be with all of us in https://www.vericoinforums.com.

again u just attack without answering intentionally misreading everything because u dont have the answers and come back with this BLa .. if u think im  a FUdder there must not be many people on your side ..
well Gl .. ill leave this thread sell of the few btc of vrc i got left .. because i dont need this shit ,,
ah well at least u didnt just start screaming faggot faggot like ur buddies did last time ,, gl im out .


ciao Wink
1 troll down 3 to go Smiley

To get rid of the other 3 will be harder I think

A VRC
hahah definitely Wink
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October 27, 2014, 12:05:35 PM
 #16834

You see UK what a little bit of ego-stroking will get you? It will also work on Nosker, believe me... Dave, he just doesn't give a crap... but would appreciate any ego-stroking also... human nature, of course.

Well, at least you have got him to admit, once again, that we are going in circles here at VRC, meaning nowhere. Because, sorry UK but you are ALSO wrong, regarding the exchange. And the marketplace. As I have stated before many times, digital currencies are, by design, companions of FIAT as currencies. Apple is launching one, that will be effective, very effective, but it is pegged to FIAT. It won't happen to digital currencies in a very long time (and then only in isolated cases, i.e.: Overstock.com), because there's not enough advantage in them to justify the risk it currently involves such acceptance. And, when it does, it will be Bitcoin, not VRC nor any other alt. Now, as a tradeable storage of value, the alt world is coming to a crashing end altogether very qyuickly due to the staggering amount of scams, mostly. And because enough risk -and reward- is already provided by bitcoin itself. No need for the other crap that bring very little in anything at all to the table. But, if VRC is to survive and play a minimal part in the future of these currencies, it will be as a currency, NOT as a business. There are already, and have been for a while, a lot of "businesses" around the digital currencies. All of them failed. There's the E-bay equivalent, has been around for a while (not just one, several, Unbrakable coin has been trying to get action in his own for months already: failed). Xbot recently tried and failed miserably to get people to exchange shit over twitter and its chinese equivalent... Fact is that any exchange digital currencies users want to have, they can have it already using available tools and currencies... as well as escrow services. You want to sell anything, post it here or in several other threads or forums and you will get people interested (one in 100 legit, by the way, don't forget this is the territory of scammers). Those REALLY interested, agree on a price, set an escrow and close the deal. Very few do. That's the extent of what an "exchange" with digital currencies will ever imply, associated with a specific currency or not. The Cannabis recent p&d will show you, again, that even for the "high crowd", there's just no way on Earth for it to work. Not even on "medicinal stuff".

No need to mention again the absurd idea of a "decentralized cloud storage" business associated with VRC or any other digital currency. Everyone with any common sense, already has all the info they want to use.

But, UK, ego-stroking or not, you are not going to be invited to the Xmas party if you keep mentioning me man. You know the mantra, don't you? I could be Jesus Christ himself, for real, not a "barabbas" handle and still whatever I propose, no matter how incredibly opportune it might be, is a no-no by definition... and because, you know, I call a dog ... well a dog. A stooge, a stooge. Or a headless hen, a headless hen. And that, you know, takes all the merit away from any and all ideas, so don't waste your time... You do know what kind of people you are dealing with here. In the devs AND in the choirboys. Remember the guy in Minnesota and the fair? well, there you have it. And that one actually did something, imagine the other ones... Man, do not waste your time, really. Not worth it at all.

Now, as everyone knows, I was the first on these boards to support and push for James to join VRC. The effect was immediate and the price doubled in hours. Of course it did not last, among other things because it wasn't clear what if anything he was going to deliver for VRC in 6 months and also, let's be perfectly honest here, because the drought has reached digital currencies territory and the beginning of the end announced for alts. BOTH factors, not just one. Even the people that enthusiastically threw money at the Ethereum project will more than gladly get their BTC -devalued and all- back if the could now that they realize they will have it locked for many, months, perhaps years. It's another reality, quite different, from the reality that we were facing when James came in to VRC. Mind you, I still support James being part of VRC, not because I have any solid reason for it beyond the fact that, without him, we are back to square one -and not Summer anymore, so the kids are back in school-, meaning we have what we have, with all its enormous shortcomings, and we are never going to have anything better tech-wise, so James is, at the very least, a hope, a (remote) possibility of something more.

That said, the shine has gone. The "magic" is no longer. I don't know if anyone has bothered to check it but a look at the last 30 days behavior of James' main "assets", the Supernet, NXTVentures and JD777 HODL, will show you with no margin for doubt as to how the shine has gone. Considering that VRC has lost half its value since James propelled it to 17k ever so briefly, VRC is not doing that much worse than his other assets... which puts pretty much in question how much of an assets, really, the association is. Once again, not taking any position on this, just bringing the facts and reality up for consideration.

Anyway, I thought the choirboys would just play in their patio as they were so much complaining about the noise in this one, but, of course, what's shit will always stink and here they come again and again to keep on shitting in this one that is what they always did and wanted to do. It's tiresome. And not worth any efforts, really.

And, like I said, bringing me up here, UK, will not get you in on the Xmas party at Nosker's... actually, it will bring you to give him yet another opportunity to throw you out from it. Oh how he loves to do that... you know,  never in his life he was given such a chance so it is fulfilling a lifetime ungranted desire, don't take it personally...

The prospect of not having the opportunity to spend my Christmas with these fine gentlemen - like the Verileader who obsessed with dick eating or the 20 years old German boy above this post who despite his life organised around VRC never ever managed to add anything worthy to the discussion - is very depressing, that's for sure.

I agree with you on James, but I think it is better if VRC prepare for the time when James' project won't be around, which in my opinion will be a year time, to establish VRC as a currency with a novel technology, partly that's why I would push effort into the Blockchain 2 technology development.

As for the Blockchain 2 technology, just like I agreed with you on the viability of particular blockchain 2 features back in August, I fully agree now on the viability of features like decentralized exchange or market place. Yesterday (without going into details) I was referring to what we discussed here back in August: smart contracts, to build the contract handling capability into the blockchain to support Blockchain 2 features like exchange, market place, notary, autonomous companies, ATM, etc. I wouldn't expect much success from decentralized exchange or market place (yet), but I also have no doubt that these will be features of all wallets in a few years time. Until that, to demonstrate the contract technology either the exchange or market place are perfect use cases. The reason I am pushing this topic, because it seems to me that very influential technology professionals start to understand and embrace the concept of decentralized/smart contracts. Once people like the Linked in founder Reid Hoffman, visionaries and technology leaders, whom software had changed how we do business start saying that smart contracts will radically change our life, then I assume must be something in that technology. No wonder Ethereum could collect 25 million $ and that's only the start, they will collect a lot more from different sources, mainly from VCs. In my opinion concentrate on that area and start working on it could provide VRC with a life line.

Anyway, since the VRC team is not interested in your suggestion about the Bank vs. people theme, probably this failing operation is going down further and if basic business/marketing elements aren't in place there is no point to discuss technology.  
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October 27, 2014, 12:52:00 PM
 #16835

Any reason for to current drop in price ?



These are good points. Thanks. We will have decentralized exchanging through SuperNET so this would be redundant likely. What in a decentralized marketplace would be bought and sold? Question to the community, what would you want to buy in a decentralized marketplace with VRC?


Before discussing any particular use cases it's better to start from the basics and decide if you are interested to incorporate Blockchain 2 capability into your software at all.

Not a lot changed since we discussed this topic 2 months ago. I suggested you at the time first please go through on Ethereum's Gavin Wood's yellow paper at http://gavwood.com/paper.pdf (that's more a research paper in my opinion than a generic software document) to get an idea what I am talking about when I am referring to contracts and get an idea what should be done terms of functionalities and development effort to support smart/decentralized contract technology. As you can see from the yellow paper and from their source code, which is freely available for your reference Ethereum is not doing any extra special, your team is perfectly capable to carry out such software development, we are talking about a fairly trivial software engineering task to implement smart/decentralized contract handling. When technology leaders like the Linked in founder Reid Hoffman thinks that the smart contract technology will radically change how we do business from recruiting to legal services, from currency exchange to tangible/intangible asset transactions, then probably it is worth start listening.

Anyway, it's just my opinion that worth to focus on a novel technology like smart/decentralized contracts. Once you start to work on it, such technology development will put you on the news for the very good reasons - unlike the decentralized cloud storage which will associate you with a very shady use case.

It's up to you, to be remain James' pet toy and wait what task he assigns to you (like this decentralized cloud nonsense that His Highness generously assigned to you) or establish your coin as a technology leader by implementing on your own a novel idea in your blockchain.

Before that, I also suggest to start building your marketing strategy around Barabbas' Bank vs. honest digital currency theme, that was an excellent idea in my opinion.
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October 27, 2014, 03:01:12 PM
 #16836

Thank god its just your opinion !.

VGWNxRiC1s3jMi7S6Nzuv2PpDKT9PmqiQy   <-----  VRC treatment fund for the clinically insane. -----> (Barabbass-AltcoinUK).
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October 27, 2014, 04:01:57 PM
 #16837

Alot of people here must feel like don quichote Cheesy

Altcoinuk, please explain how a decentralized marketplace is less shadier then a decentralized cloud storage?

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October 27, 2014, 05:24:20 PM
 #16838

Alot of people here must feel like don quichote Cheesy

Altcoinuk, please explain how a decentralized marketplace is less shadier then a decentralized cloud storage?

No point to discuss particular use cases until you are not clear about the underlying technology. Read my previous post when I referred to a paper, then read Gavin Wood's paper and then lets discuss how much sense  a currency does make that supports smart contract processing. And then, if the devs are interested in  Blockchain 2 technology you can discuss particular use cases such as decentralized market place and decide what is the best for Vericoin. There are at least 5 good looking use cases to demonstrate blockchain 2 technology and you don't need to go with the decentralized market place if you think that is not a viable use case.

You can label me as a FUDder or with whatever you want, but that doesn't change reality. The reality is that novel ideas bring investment - see James (who collected 5 times the value of VRC's market capitalization by presenting himself as a developer of a novel technology) and Ethereum, on the other hand lame ideas and lack of development brings 8k coin price - see Vericoin.
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October 27, 2014, 05:46:58 PM
 #16839




Thanks.  I do appreciate constructive criticism, What do you think is our best move at this point?  I wonder what it is you think would be a great addition to the technology.


months ago you should have hired lawyers or attempted to partner with a company with that could provide lawyers for you and you should have...

1.made contact with Mr. Lawsky's offices and attempted to be 1st fully legal compliant coin...
 you might have been suprised by the amount of support he and people he knows might have provided if you had approched him through the correct channels with the intentions of replacing btc as a fully compliant legal whitehat operation.  

2.gotten the process started for being a fully compliant EMT service either through your own means or by once again partnering with a company already compliant

3.not gotten involved with james...
10% of vericoin is a large amount of the market for one anonymous NON-CONTRACTED entity to control. James being anonymous is not under any form of contract with vrc or the devs meaning he has no legal obligations to vericoin whats so ever... he could run with the money tomorrow and nothing anyone can legally do about it. 10% or any large % of the market that the commuinty is willing to give away would be much more effective for vericoin if it were thrown in on REAL world buisness deals and placed into the hands of people that would help back Vericoin to become 1st legal cyrpto coin and that could be held legal accountable for any sketch actions or violations of contract.


no need for decentralized exchange or marketplace or new tech to be built into the coin itself...yet at least.

those would come as seperate entities/businesses (with prices linked to vrc like all exchanges are to btc), just like silkroad and poloniex are not apart of bitcoin, if safe and secure LEGAL value was created around the coin


1. such genius and groundbreaking idea, dont understand why the bitcoin/litecoin/dogecoin people though of that  Shocked

2. see 1

3. he cant, because he doesnt control the funds, in fact he has only control 1% of all supernet funds, which is equal to ~57 btc at end of the ICO
   99% of the supernet funds are in (multisig) escrow

4. please just go buy doge or litecoin, much better investment for you  Cheesy

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criptix
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October 27, 2014, 05:50:21 PM
 #16840

Alot of people here must feel like don quichote Cheesy

Altcoinuk, please explain how a decentralized marketplace is less shadier then a decentralized cloud storage?

No point to discuss particular use cases until you are not clear about the underlying technology. Read my previous post when I referred to a paper, then read Gavin Wood's paper and then lets discuss how much sense  a currency does make that supports smart contract processing. And then, if the devs are interested in  Blockchain 2 technology you can discuss particular use cases such as decentralized market place and decide what is the best for Vericoin. There are at least 5 good looking use cases to demonstrate blockchain 2 technology and you don't need to go with the decentralized market place if you think that is not a viable use case.

You can label me as a FUDder or with whatever you want, but that doesn't change reality. The reality is that novel ideas bring investment - see James (who collected 5 times the value of VRC's market capitalization by presenting himself as a developer of a novel technology) and Ethereum, on the other hand lame ideas and lack of development brings 8k coin price - see Vericoin.


you are just talking in circles.

first u bashed decentralized cloud storage and in the same sentence you are saying we need decentralized marketplace - makes no sense.
second, you are talking about smart contracts: did you ever heard of nxt? do you know that nxt is a supernet corecoin besides vrc?

it makes less then zero sense to cocentrate our power into projects that will already be provided by supernet.

PECULIUM                [  PRIVATE SALE ~$2M PLEDGED ]
First Saving System in CryptoCurrency Driven by Artificial Intelligence     / WHITEPAPER / ANN / BOUNTY / TELEGRAM /

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