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

[MrWhiteBites]

reposting first page again for those who missed pairing details.

NICE, should be buying the cheap VRC for VRM

So, How does it work?

Its not very clear from the infographic.  Thank you.

As we get closer we will go into detail, but we are going to setup a web interface where you submit a VRM address you generate in a test net wallet and save the private key. After receiving the VRM address the site will generate an associated VRC address that you send VeriCoin to. Depending on how much VeriCoin you send in, when Verium is launched the system will send out the corresponding amount of Verium to the address submitted. Then you import the Verium private key into the new Verium wallet.

Thank you Effects To Cause, all i (and i am sure many other people) would like to know
What is the Ratio of the swap? Will it be one for one? = 1 VRC = 1 Verium ?
Or since there will be x10 less Verium 10 VRC = 1 Verrium?

Many thanks

[souljah1h]

reposting first page again for those who missed pairing details.

NICE, should be buying the cheap VRC for VRM

So, How does it work?

Its not very clear from the infographic.  Thank you.

As we get closer we will go into detail, but we are going to setup a web interface where you submit a VRM address you generate in a test net wallet and save the private key. After receiving the VRM address the site will generate an associated VRC address that you send VeriCoin to. Depending on how much VeriCoin you send in, when Verium is launched the system will send out the corresponding amount of Verium to the address submitted. Then you import the Verium private key into the new Verium wallet.

Thank you Effects To Cause, all i (and i am sure many other people) would like to know
What is the Ratio of the swap? Will it be one for one? = 1 VRC = 1 Verium ?
Or since there will be x10 less Verium 10 VRC = 1 Verrium?

Many thanks

It's all in the graphic you just quoted.

Day 1.

1 VRM will cost 6 Vericoin.

Day 2.

1 VRM will cost 7 Vericoin.

Just check the graphic

[MrWhiteBites]

It's all in the graphic you just quoted.

Day 1.

1 VRM will cost 6 Vericoin.

Day 2.

1 VRM will cost 7 Vericoin.

Just check the graphic Wink

I thought so.

So looking at the bigger picture. If i wanted  10,000 VRM  it would cost me 60k vrc. (if i bought on day one)
Compare this to day 2 it would cost me 70,000  a diff of 10k = 1BTC at 10k satoshi vericoin price.  WOW.

So best to get in early!

[Conqueror]

It's all in the graphic you just quoted.

Day 1.

1 VRM will cost 6 Vericoin.

Day 2.

1 VRM will cost 7 Vericoin.

Just check the graphic Wink

I thought so.

So looking at the bigger picture. If i wanted  10,000 VRM  it would cost me 60k vrc. (if i bought on day one)
Compare this to day 2 it would cost me 70,000  a diff of 10k = 1BTC at 10k satoshi vericoin price.  WOW.

So best to get in early!

Yes, if you want VRM be early bird.
Another thing is, if you buy 60k VRC at 8k sat now or at 20k sat in two weeks 

[criptix]

It's all in the graphic you just quoted.

Day 1.

1 VRM will cost 6 Vericoin.

Day 2.

1 VRM will cost 7 Vericoin.

Just check the graphic Wink

I thought so.

So looking at the bigger picture. If i wanted  10,000 VRM  it would cost me 60k vrc. (if i bought on day one)
Compare this to day 2 it would cost me 70,000  a diff of 10k = 1BTC at 10k satoshi vericoin price.  WOW.

So best to get in early!

Yes, if you want VRM be early bird.
Another thing is, if you buy 60k VRC at 8k sat now or at 20k sat in two weeks 

Psssttt.... dont tell everyone everything!!! ^^"

Welcome back Vericoin

[Cryptoadvice_82]

It's all in the graphic you just quoted.

Day 1.

1 VRM will cost 6 Vericoin.

Day 2.

1 VRM will cost 7 Vericoin.

Just check the graphic Wink

I thought so.

So looking at the bigger picture. If i wanted  10,000 VRM  it would cost me 60k vrc. (if i bought on day one)
Compare this to day 2 it would cost me 70,000  a diff of 10k = 1BTC at 10k satoshi vericoin price.  WOW.

So best to get in early!

Yes, if you want VRM be early bird.
Another thing is, if you buy 60k VRC at 8k sat now or at 20k sat in two weeks 

Let noobs dump their vericoin for cheap!
Not much sell orders under 10k now 

[Cryptonitex]

Glad to see this information

That means get some VRC so I could trade it for VRM. I have a good feeling about VRM going after the ICO.

[BitcoinPorn]

Depending on how well WAVES does in its first day, I'm considering selling it to buy more cheap VRC

Got my chrome wallet waiting for any exchange to get WAVES going already to do just this.

[amesterdamer]

Here's the new block to be added to the ANN

[Conqueror]

Here's the new block to be added to the ANN

Extraordinary good graphics! Good job man, good job.

[amesterdamer]

Here's the new block to be added to the ANN

Extraordinary good graphics! Good job man, good job.

that image had a typo and it has been replaced by the correct version

[Xosihc]

Here's the new block to be added to the ANN

Extraordinary good graphics! Good job man, good job.

The VRM infographic is looking real smooth. A+ job on that. Looking forward to getting a date for the VRM ICO

[amesterdamer]

Here's the new block to be added to the ANN

Extraordinary good graphics! Good job man, good job.

The VRM infographic is looking real smooth. A+ job on that. Looking forward to getting a date for the VRM ICO

Thanks

note that that image is not the last version. The last version says this:

[Xosihc]

Here's the new block to be added to the ANN

Extraordinary good graphics! Good job man, good job.

The VRM infographic is looking real smooth. A+ job on that. Looking forward to getting a date for the VRM ICO

Thanks

note that that image is not the last version. The last version says this:

I'm assuming you'll fill in "Day 1" "Day 2" etc with real dates once those have been posted by the development team?

[MickyCOB]

Here's the new block to be added to the ANN

VRC VRC looking good, I will be watching this for sure

[CryptoCoinWareHouse]

ICO update:

it is precisely in July?

Sorry, i didnt read the whole thread on the last pages.
So we have to swap to Verium? Did i get this right? And the "early swapper" will receive more VRM than the late swappers?

Hey testbug how's it going?  Good to see you.  Swap is totally optional read first page for details, VRM and VRC will be paired cryptos, one currency, one reserve.  And yes early swap is cheaper than late swap ICO

so If I have 60,000 vrc should I swap them on the virst day for verium another words would the vericoin go upin value with verium ? which is better to have

[Warren.Buffet]

guys, stop quoting the long-ass graphics all the time, my mouse wheel finger is aching ...

[cjmining]

What will happen to VRC after the verium buy/swap ? will it still exist as a trade able coin in its current format ?

[warr1979]

What will happen to VRC after the verium buy/swap ? will it still exist as a trade able coin in its current format ?

Yes. Verium is going to be a commodity.  It's confirmation times are way longer and takes a longer to move then vericoin.  Vericoin is cash, Verium is gold.  You can trade gold for goods but it's easier to do it in cash.

[pnosker]

What will happen to VRC after the verium buy/swap ? will it still exist as a trade able coin in its current format ?

VeriCoin isn't going anywhere. The swap is just to reward some holders with the ability to get some "gold" since they have "cash" already and at a discount. Only 25% of VRC at most will be swapped. The swapped VRC will be used for bounties, to cover hard costs (such as hosting the website and services), for marketing and PR for VRC and VRM, etc. to be decided on in the future.