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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1346477 times)
souljah1h
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June 24, 2016, 08:01:51 AM
 #17361

Quoting this again for visibility.

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.

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.

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/#!rich
Stake your coins regularly
Get free Verium
^ I think this is a great idea.

_@/'
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warr1979
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June 24, 2016, 12:08:30 PM
 #17362

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."


Yea that's what I meant.


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pnosker
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June 24, 2016, 01:16:42 PM
 #17363

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?

Well I did just create the address and only had sent a 1 VRC test deposit to make sure my key generation worked, so yes. The idea is that now people can donate to it at will. And if people agree on the 50% endowed ICO donation, then that will go here too.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
souljah1h
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June 24, 2016, 03:10:42 PM
 #17364


_@/'
Cryptonitex
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June 24, 2016, 06:54:20 PM
 #17365

What's wrong with my VeriCoin Android wallet? I sent vrc to my Android wallet, but my wallet says

Warning Not Connected

How do I get my mobile wallet connected?

Veri-MAD
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June 24, 2016, 07:30:10 PM
 #17366

What's wrong with my VeriCoin Android wallet? I sent vrc to my Android wallet, but my wallet says

Warning Not Connected

How do I get my mobile wallet connected?



Once the DDOS attack is circumvented I would post on the www.vericoinforums.com to get some help with Android wallet. Also the Devs are excellent at getting back rather quickly to help the community with any issues. Might want to shoot Pat and Doug a quick pm.


https://s20.postimg.org/913lmc0od/Verium_Sig.png
FANCIER
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June 24, 2016, 07:50:54 PM
 #17367

What's wrong with my VeriCoin Android wallet? I sent vrc to my Android wallet, but my wallet says

Warning Not Connected

How do I get my mobile wallet connected?

Also is the same problem with Android VRC wallet.
Alternatively, I use https://bit.ac/vericoin
ANDROID: https://play.google.com/store/apps/details?id=ac.bit
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June 24, 2016, 07:51:38 PM
 #17368

Welcome back Vericoin to bitcointalk.org(Circus of FUD)

Been away for a longtime and glad to see Vericoin Devs still keeping their heads down and working hard. Lots of new developments. Looking forward to Verium Shocked Grin Wink
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June 24, 2016, 08:39:22 PM
 #17369

Pat, Doug, Steve and David. As many have seen from recent ICO's/IPO's some of them are coming out as total scams Waves currently, 40%(12,000+/- BTC) of the ICO funds where withdrawn with no explanation from the Devs or anyone from the Waves team.

 Can we get a complete breakdown with what will happen to and what the ICO funds will be used for? How will you guarantee what the funds will be used for and how they will be used, protected and secured? Transparency? Will the Vericoin/Verium community vote for how the funds will be used?

 I just want a complete layout of how my investment will be used with as much detail as possible. I trust you guys whole hearted ly but for others who don't know Vericoin or the Dev's please lay it out for them.

Thanks
warr1979
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June 24, 2016, 11:32:39 PM
 #17370

Pat, Doug, Steve and David. As many have seen from recent ICO's/IPO's some of them are coming out as total scams Waves currently, 40%(12,000+/- BTC) of the ICO funds where withdrawn with no explanation from the Devs or anyone from the Waves team.

 Can we get a complete breakdown with what will happen to and what the ICO funds will be used for? How will you guarantee what the funds will be used for and how they will be used, protected and secured? Transparency? Will the Vericoin/Verium community vote for how the funds will be used?

 I just want a complete layout of how my investment will be used with as much detail as possible. I trust you guys whole hearted ly but for others who don't know Vericoin or the Dev's please lay it out for them.

Thanks

If you search a few pages up, you will see they are still deciding.  One idea which I believe will be approved is that 50% will NOT be touched only the interest will be used, right there it makes all other vericoin more valuable.  The address has already been posted if you donate there the coins will not be touched!! The rest they want to vote on but these developers have been VERY transparent.  I don't think there in it strictly for the money two years in.


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MAD945
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June 25, 2016, 12:02:43 AM
 #17371

Pat, Doug, Steve and David. As many have seen from recent ICO's/IPO's some of them are coming out as total scams Waves currently, 40%(12,000+/- BTC) of the ICO funds where withdrawn with no explanation from the Devs or anyone from the Waves team.

 Can we get a complete breakdown with what will happen to and what the ICO funds will be used for? How will you guarantee what the funds will be used for and how they will be used, protected and secured? Transparency? Will the Vericoin/Verium community vote for how the funds will be used?

 I just want a complete layout of how my investment will be used with as much detail as possible. I trust you guys whole hearted ly but for others who don't know Vericoin or the Dev's please lay it out for them.

Thanks

If you search a few pages up, you will see they are still deciding.  One idea which I believe will be approved is that 50% will NOT be touched only the interest will be used, right there it makes all other vericoin more valuable.  The address has already been posted if you donate there the coins will not be touched!! The rest they want to vote on but these developers have been VERY transparent.  I don't think there in it strictly for the money two years in.

Thanks for the reply warr1979...I'm well aware of how transparent the Devs have been. But for the sake of future investors we need a clear cut set of rules and procedures on using the funds. I know they are working on it but we need that before the ICO begins.

 I like the idea of 50% will be staked and interest used for further development costs, but we will need multi sig and voting by the community as well. I'm sure that this is what will happen but we should have a declaration to the community.
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June 25, 2016, 01:40:18 AM
 #17372

Pat, Doug, Steve and David. As many have seen from recent ICO's/IPO's some of them are coming out as total scams Waves currently, 40%(12,000+/- BTC) of the ICO funds where withdrawn with no explanation from the Devs or anyone from the Waves team.

 Can we get a complete breakdown with what will happen to and what the ICO funds will be used for? How will you guarantee what the funds will be used for and how they will be used, protected and secured? Transparency? Will the Vericoin/Verium community vote for how the funds will be used?

 I just want a complete layout of how my investment will be used with as much detail as possible. I trust you guys whole hearted ly but for others who don't know Vericoin or the Dev's please lay it out for them.

Thanks

If you search a few pages up, you will see they are still deciding.  One idea which I believe will be approved is that 50% will NOT be touched only the interest will be used, right there it makes all other vericoin more valuable.  The address has already been posted if you donate there the coins will not be touched!! The rest they want to vote on but these developers have been VERY transparent.  I don't think there in it strictly for the money two years in.

Thanks for the reply warr1979...I'm well aware of how transparent the Devs have been. But for the sake of future investors we need a clear cut set of rules and procedures on using the funds. I know they are working on it but we need that before the ICO begins.

 I like the idea of 50% will be staked and interest used for further development costs, but we will need multi sig and voting by the community as well. I'm sure that this is what will happen but we should have a declaration to the community.

Oh it's going to happen that's why they haven't announced dates stay tuned!


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pnosker
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June 25, 2016, 01:44:50 AM
 #17373

Pat, Doug, Steve and David. As many have seen from recent ICO's/IPO's some of them are coming out as total scams Waves currently, 40%(12,000+/- BTC) of the ICO funds where withdrawn with no explanation from the Devs or anyone from the Waves team.

 Can we get a complete breakdown with what will happen to and what the ICO funds will be used for? How will you guarantee what the funds will be used for and how they will be used, protected and secured? Transparency? Will the Vericoin/Verium community vote for how the funds will be used?

 I just want a complete layout of how my investment will be used with as much detail as possible. I trust you guys whole hearted ly but for others who don't know Vericoin or the Dev's please lay it out for them.

Thanks

If you search a few pages up, you will see they are still deciding.  One idea which I believe will be approved is that 50% will NOT be touched only the interest will be used, right there it makes all other vericoin more valuable.  The address has already been posted if you donate there the coins will not be touched!! The rest they want to vote on but these developers have been VERY transparent.  I don't think there in it strictly for the money two years in.

Thanks for the reply warr1979...I'm well aware of how transparent the Devs have been. But for the sake of future investors we need a clear cut set of rules and procedures on using the funds. I know they are working on it but we need that before the ICO begins.

 I like the idea of 50% will be staked and interest used for further development costs, but we will need multi sig and voting by the community as well. I'm sure that this is what will happen but we should have a declaration to the community.

I think we should have a community member or members be in charge of a multisig address for this. But so far, nobody has stepped up. It's easy to ramble on about openness and distributed decisions but realistically there needs to be a few people who are truly invested and are willing to volunteer their time to do something like this.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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June 25, 2016, 01:46:21 AM
 #17374

What's wrong with my VeriCoin Android wallet? I sent vrc to my Android wallet, but my wallet says

Warning Not Connected

How do I get my mobile wallet connected?



Send an email to unekpl@gmail.com -- he runs the Android wallet.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
pnosker
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June 25, 2016, 01:50:00 AM
 #17375

Pat, Doug, Steve and David. As many have seen from recent ICO's/IPO's some of them are coming out as total scams Waves currently, 40%(12,000+/- BTC) of the ICO funds where withdrawn with no explanation from the Devs or anyone from the Waves team.

 Can we get a complete breakdown with what will happen to and what the ICO funds will be used for? How will you guarantee what the funds will be used for and how they will be used, protected and secured? Transparency? Will the Vericoin/Verium community vote for how the funds will be used?

 I just want a complete layout of how my investment will be used with as much detail as possible. I trust you guys whole hearted ly but for others who don't know Vericoin or the Dev's please lay it out for them.

Thanks

Yea of course. We haven't yet figured out exactly what we want yet, besides us devs thinking that a staking endowment would be really neat with 50% of the funds.

Roughly, for the other 50%, I think we're considering:

20% for current and future development work (perhaps half of which would be split by the 4 VRC devs for current work, the rest for if we take on any more developers, etc.)
15% for future projects
15% for current and future marketing efforts/server costs/block explorer costs/etc. (would reimburse the past couple years of hosting costs that I paid out of pocket, media creation (such as Bruno's images that are used in the wallet, help pay for the VRC Forums, etc.)

But this is pretty much made up by me on the spot, but I think it's realistic.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
Cryptonitex
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June 25, 2016, 05:08:33 AM
 #17376

What's wrong with my VeriCoin Android wallet? I sent vrc to my Android wallet, but my wallet says

Warning Not Connected

How do I get my mobile wallet connected?



Send an email to unekpl@gmail.com -- he runs the Android wallet.
Thanks sent him an email
Sad if I lost a bit of VeriCoin.
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June 25, 2016, 05:14:00 AM
 #17377

Pat, Doug, Steve and David. As many have seen from recent ICO's/IPO's some of them are coming out as total scams Waves currently, 40%(12,000+/- BTC) of the ICO funds where withdrawn with no explanation from the Devs or anyone from the Waves team.

 Can we get a complete breakdown with what will happen to and what the ICO funds will be used for? How will you guarantee what the funds will be used for and how they will be used, protected and secured? Transparency? Will the Vericoin/Verium community vote for how the funds will be used?

 I just want a complete layout of how my investment will be used with as much detail as possible. I trust you guys whole hearted ly but for others who don't know Vericoin or the Dev's please lay it out for them.

Thanks

If you search a few pages up, you will see they are still deciding.  One idea which I believe will be approved is that 50% will NOT be touched only the interest will be used, right there it makes all other vericoin more valuable.  The address has already been posted if you donate there the coins will not be touched!! The rest they want to vote on but these developers have been VERY transparent.  I don't think there in it strictly for the money two years in.

Thanks for the reply warr1979...I'm well aware of how transparent the Devs have been. But for the sake of future investors we need a clear cut set of rules and procedures on using the funds. I know they are working on it but we need that before the ICO begins.

 I like the idea of 50% will be staked and interest used for further development costs, but we will need multi sig and voting by the community as well. I'm sure that this is what will happen but we should have a declaration to the community.

I think we should have a community member or members be in charge of a multisig address for this. But so far, nobody has stepped up. It's easy to ramble on about openness and distributed decisions but realistically there needs to be a few people who are truly invested and are willing to volunteer their time to do something like this.
I've been with you guys for 2 years now. In and out here and there. BTW this is Vishera from VeriCoin forums. Different username.

I wanna know what can I do to help more with VeriCoin.
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June 25, 2016, 05:17:42 AM
 #17378

What's wrong with my VeriCoin Android wallet? I sent vrc to my Android wallet, but my wallet says

Warning Not Connected

How do I get my mobile wallet connected?

Also is the same problem with Android VRC wallet.
Alternatively, I use https://bit.ac/vericoin
ANDROID: https://play.google.com/store/apps/details?id=ac.bit
I didn't know there was another wallet out there for VeriCoin on Android. Well use that if this wallet won't work. I emailed the developer of the official VeriCoin Android wallet.

Would rather use that because I sent VeriCoin to that wallet and I don't wanna lose my VeriCoin.
Wasn't that much, but that's VeriCoin out of the VeriCoin ecosystem.
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June 25, 2016, 11:59:30 AM
 #17379

What's wrong with my VeriCoin Android wallet? I sent vrc to my Android wallet, but my wallet says

Warning Not Connected

How do I get my mobile wallet connected?

Also is the same problem with Android VRC wallet.
Alternatively, I use https://bit.ac/vericoin
ANDROID: https://play.google.com/store/apps/details?id=ac.bit
I didn't know there was another wallet out there for VeriCoin on Android. Well use that if this wallet won't work. I emailed the developer of the official VeriCoin Android wallet.

Would rather use that because I sent VeriCoin to that wallet and I don't wanna lose my VeriCoin.
Wasn't that much, but that's VeriCoin out of the VeriCoin ecosystem.

No wallet for iphone ?  Undecided

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June 25, 2016, 02:04:53 PM
 #17380

What's wrong with my VeriCoin Android wallet? I sent vrc to my Android wallet, but my wallet says

Warning Not Connected

How do I get my mobile wallet connected?

Also is the same problem with Android VRC wallet.
Alternatively, I use https://bit.ac/vericoin
ANDROID: https://play.google.com/store/apps/details?id=ac.bit
I didn't know there was another wallet out there for VeriCoin on Android. Well use that if this wallet won't work. I emailed the developer of the official VeriCoin Android wallet.

Would rather use that because I sent VeriCoin to that wallet and I don't wanna lose my VeriCoin.
Wasn't that much, but that's VeriCoin out of the VeriCoin ecosystem.

No wallet for iphone ?  Undecided

No, Apple denied the app several times for stupid reasons (like that it isn't Bitcoin, Dogecoin, or Litecoin), then because VeriBit was included and exchange apps aren't approved.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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