magaura
Legendary
Offline
Activity: 1029
Merit: 1000
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June 23, 2016, 03:47:54 PM |
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nearing to the breakout..the chart looks good.. go go vrc
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pnosker
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June 23, 2016, 06:37:03 PM |
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We have created a stake-only endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx
All funds donated to this will be staked perpetually. Only staked interest will be used to fund any VeriFund project.
Feel free to send any donations in and get this baby going! The donated funds will never be sold/traded/given away/used for projects. Only interest from it will be.
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Support the VeriFund Endowment. VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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effectsToCause (OP)
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June 23, 2016, 06:49:21 PM |
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We have created a stake-only endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx
All funds donated to this will be staked perpetually. Only staked interest will be used to fund any VeriFund project.
Feel free to send any donations in and get this baby going! The donated funds will never be sold/traded/given away/used for projects. Only interest from it will be.
All ICO funds usage will be voted on by the community, details of voting procedure to come later, but we would like to have 50% of the VeriCoin raised in the ICO to be sent to this endowment and staked perpetually. If you also like this idea be sure to vote for it.
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pnosker
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June 23, 2016, 06:51:07 PM |
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We are considering granting free Verium to VRC holders. Our idea right now, though not set in stone is: At the end of the ICO, the top 250 VRC addresses in terms of balance at that time and having had staked at least one block in month preceding the ICO end date will receive 1 VRM per 500 VRC with no partial VRM for between 0-500 VRC. For example, if you have 20,000 VRC, you would get 40 VRM. If you had 20,499 VRC you would still only get 40 VRM. Your VRC private key would be able to redeem the VRM by importing it to your wallet. If you keep your money on an exchange you would get nothing. This will reward VRC stakers who are contributing to the security of VeriCoin. It will also help VRM gain some early adopters. It's a mutually beneficial arrangement, one of many in the Veri ecosystem. What does everyone think of this idea? We have not made any decisions yet, but this will definitely play into it. In addition to this, as effectsToCause mentioned earlier, we have proposed taking 50% of the ICO funds and donating it to our VeriFund endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx. This address is only going to be used to stake perpetually. No donated coins will be used for funding anything. Only interest made off staking will ever be used to fund and support VeriCoin. Consider it a staking burn address where you know your donation will never help reduce the price of VRC. Please comment with your take on our ideas for the VRM introduction and swap. Basically:Be in the top 250 list of VRC Addresses: https://chainz.cryptoid.info/vrc/#!richStake your coins regularlyGet free Verium
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Support the VeriFund Endowment. VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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effectsToCause (OP)
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June 23, 2016, 06:58:08 PM |
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Also as pnosker mentioned. The Verium address will be the same format as VeriCoin, so a VeriCoin private key you own can be imported into your Verium wallet and vice versa. The balance will be different depending on which chain it is on (VeriCoin or Verium) but you can hold one private key with both Verium and VeriCoin on it from each chain. We will release an update to the VeriCoin wallet prior to the ICO that is a bit lighter, has some UI improvements but will also make exporting a private key very easy in the user-interface for this purpose. So when the ICO starts you will use the VeriCoin wallet to generate your Verium address and export the private key for importing into the Verium wallet once it is released.
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gnargnar
Legendary
Offline
Activity: 1111
Merit: 1000
crypto-enthusiast since 2012
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June 23, 2016, 07:11:26 PM |
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any ETA for ICO details guys?
thanks
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pnosker
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June 23, 2016, 07:17:58 PM |
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any ETA for ICO details guys?
thanks
Full details on the ICO are not ready yet, we're still trying to gather feedback about some of our ideas for what to do with ICO funds. We're hoping to have some good feedback on our idea to take 50% of total ICO funds raised and deposit it to our VeriFund endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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Support the VeriFund Endowment. VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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dzejmsdin
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June 23, 2016, 07:34:37 PM |
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nearing to the breakout..the chart looks good.. go go vrc
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FANCIER
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June 23, 2016, 08:56:33 PM |
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What does everyone think of this idea? We have not made any decisions yet, but this will definitely play into it.
In addition to this, as effectsToCause mentioned earlier, we have proposed taking 50% of the ICO funds and donating it to our VeriFund endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx. This address is only going to be used to stake perpetually. No donated coins will be used for funding anything. Only interest made off staking will ever be used to fund and support VeriCoin. Consider it a staking burn address where you know your donation will never help reduce the price of VRC.
A good idea. Question:Who will manage VeriFund.? ( one person? multisignature?)
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pnosker
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June 23, 2016, 09:31:53 PM |
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What does everyone think of this idea? We have not made any decisions yet, but this will definitely play into it.
In addition to this, as effectsToCause mentioned earlier, we have proposed taking 50% of the ICO funds and donating it to our VeriFund endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx. This address is only going to be used to stake perpetually. No donated coins will be used for funding anything. Only interest made off staking will ever be used to fund and support VeriCoin. Consider it a staking burn address where you know your donation will never help reduce the price of VRC.
A good idea. Question:Who will manage VeriFund.? ( one person? multisignature?) Well we haven't used it since 2014, but it was managed by Doug and I. I think VRC is mature enough to have a real community-run fund, so if there's some people that want to step up and have been around for a long time we could have a multisig address control it with a dev key and a community manager key required to spend from it. We'll manage the base funds from the endowment.
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Support the VeriFund Endowment. VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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FANCIER
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June 23, 2016, 10:17:29 PM |
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What does everyone think of this idea? We have not made any decisions yet, but this will definitely play into it.
In addition to this, as effectsToCause mentioned earlier, we have proposed taking 50% of the ICO funds and donating it to our VeriFund endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx. This address is only going to be used to stake perpetually. No donated coins will be used for funding anything. Only interest made off staking will ever be used to fund and support VeriCoin. Consider it a staking burn address where you know your donation will never help reduce the price of VRC.
A good idea. Question:Who will manage VeriFund.? ( one person? multisignature?) Well we haven't used it since 2014, but it was managed by Doug and I. I think VRC is mature enough to have a real community-run fund, so if there's some people that want to step up and have been around for a long time we could have a multisig address control it with a dev key and a community manager key required to spend from it. We'll manage the base funds from the endowment. This is probably the best current solution. I think so.
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warr1979
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June 24, 2016, 03:13:14 AM |
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any ETA for ICO details guys?
thanks
Full details on the ICO are not ready yet, we're still trying to gather feedback about some of our ideas for what to do with ICO funds. We're hoping to have some good feedback on our idea to take 50% of total ICO funds raised and deposit it to our VeriFund endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx I think there should be a vote not he 50/50 I say yes. But on the rest of the stuff it will be used for development, maintenance and marketing don't know what needs to be discussed.
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pnosker
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June 24, 2016, 03:19:10 AM |
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any ETA for ICO details guys?
thanks
Full details on the ICO are not ready yet, we're still trying to gather feedback about some of our ideas for what to do with ICO funds. We're hoping to have some good feedback on our idea to take 50% of total ICO funds raised and deposit it to our VeriFund endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx I think there should be a vote not he 50/50 I say yes. But on the rest of the stuff it will be used for development, maintenance and marketing don't know what needs to be discussed. I'm going to guess you meant "should be a vote on the 50/50."
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Support the VeriFund Endowment. VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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dbstmddhks
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June 24, 2016, 05:48:43 AM |
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The concept of Verium is impressive. The two blockchains (POWT and PoST) provide more high security and value. I hope to see the "Interaction with two blockchains" When Can I see this ?
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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June 24, 2016, 06:30:30 AM |
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Also as pnosker mentioned. The Verium address will be the same format as VeriCoin, so a VeriCoin private key you own can be imported into your Verium wallet and vice versa. The balance will be different depending on which chain it is on (VeriCoin or Verium) but you can hold one private key with both Verium and VeriCoin on it from each chain. We will release an update to the VeriCoin wallet prior to the ICO that is a bit lighter, has some UI improvements but will also make exporting a private key very easy in the user-interface for this purpose. So when the ICO starts you will use the VeriCoin wallet to generate your Verium address and export the private key for importing into the Verium wallet once it is released.
That sounds Veri easy
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_@/'
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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June 24, 2016, 07:02:22 AM |
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_@/'
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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June 24, 2016, 07:42:55 AM |
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We are considering granting free Verium to VRC holders. Our idea right now, though not set in stone is: At the end of the ICO, the top 250 VRC addresses in terms of balance at that time and having had staked at least one block in month preceding the ICO end date will receive 1 VRM per 500 VRC with no partial VRM for between 0-500 VRC. For example, if you have 20,000 VRC, you would get 40 VRM. If you had 20,499 VRC you would still only get 40 VRM. Your VRC private key would be able to redeem the VRM by importing it to your wallet. If you keep your money on an exchange you would get nothing. This will reward VRC stakers who are contributing to the security of VeriCoin. It will also help VRM gain some early adopters. It's a mutually beneficial arrangement, one of many in the Veri ecosystem. What does everyone think of this idea? We have not made any decisions yet, but this will definitely play into it. In addition to this, as effectsToCause mentioned earlier, we have proposed taking 50% of the ICO funds and donating it to our VeriFund endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx. This address is only going to be used to stake perpetually. No donated coins will be used for funding anything. Only interest made off staking will ever be used to fund and support VeriCoin. Consider it a staking burn address where you know your donation will never help reduce the price of VRC. Please comment with your take on our ideas for the VRM introduction and swap. Basically:Be in the top 250 list of VRC Addresses: https://chainz.cryptoid.info/vrc/#!richStake your coins regularlyGet free Verium
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_@/'
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Cryptonitex
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June 24, 2016, 07:49:43 AM |
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Was wondering what's going on with the forums.
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Cryptonitex
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June 24, 2016, 07:53:00 AM |
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We have created a stake-only endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx
All funds donated to this will be staked perpetually. Only staked interest will be used to fund any VeriFund project.
Feel free to send any donations in and get this baby going! The donated funds will never be sold/traded/given away/used for projects. Only interest from it will be.
Seriously that address only has 1 VRC?
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