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

[souljah1h]

Credits to amesterdamer!

[1534708271]

1534708271

[1534708271]

1534708271

[effectsToCause]

First ICO vote up!  Have to be a member of vericoin forums with a minimum number of posts to vote : https://www.vericoinforums.com/threads/first-verium-ico-poll.1325/

[Xosihc]

Second, I would say I'm not as big of a fan of rewarding long time Vericoin holders or top 250 wallets with Verium. To me it just seems like it's a 'rich get richer' plot. I understand the idea is to rewards those who have stuck things out good & bad but in my opinion this only hurts those on the outside (who we want to get interested again).

I am not sure if I'm in the top 250, I know I have been at one point for sure, but even if I was number 1, there is something that isn't sitting well with that reward system in my mind and I'm not even sure why.  I am a long term VRC user, and if there is a good way to quantify and make rewards with that fair, I am all good.  It is just a weird situation where what is fair is being determined as we go, which I understand.     I mean I guess things are fair in the sense we can all see what the top 250 are and if we wanted to buy enough to get high in that list to ensure a bonus.

The idea is that it rewards those that have been securing the network. It logistically doesn't make sense to award all the addresses because we will be manually checking balances and stakes to ensure that the owners fit the criteria for the giveaway. We don't want to award exchanges with VRC because they just hold and don't stake.

Not only that, but the amount of VRM we would like to give away is small compared to the ICO. It's simply a token of our appreciation for those that supported us. It's about as open as it could be with a public list, fair warning before the ICO, and direct distribution via identical public keys.

When you put it that way (rewarding those who have made the network secure) it does justify it a bit more in my mind. I'd still prefer seeing 100% of the Verium ICO being bought but you guys certainly will do what you think is best.

[Xosihc]

 RE https://twitter.com/BrunoPro79/status/747563916180492292

Nice graphic =)

[warr1979]

Second, I would say I'm not as big of a fan of rewarding long time Vericoin holders or top 250 wallets with Verium. To me it just seems like it's a 'rich get richer' plot. I understand the idea is to rewards those who have stuck things out good & bad but in my opinion this only hurts those on the outside (who we want to get interested again).

I am not sure if I'm in the top 250, I know I have been at one point for sure, but even if I was number 1, there is something that isn't sitting well with that reward system in my mind and I'm not even sure why.  I am a long term VRC user, and if there is a good way to quantify and make rewards with that fair, I am all good.  It is just a weird situation where what is fair is being determined as we go, which I understand.     I mean I guess things are fair in the sense we can all see what the top 250 are and if we wanted to buy enough to get high in that list to ensure a bonus.

The idea is that it rewards those that have been securing the network. It logistically doesn't make sense to award all the addresses because we will be manually checking balances and stakes to ensure that the owners fit the criteria for the giveaway. We don't want to award exchanges with VRC because they just hold and don't stake.

Not only that, but the amount of VRM we would like to give away is small compared to the ICO. It's simply a token of our appreciation for those that supported us. It's about as open as it could be with a public list, fair warning before the ICO, and direct distribution via identical public keys.

When you put it that way (rewarding those who have made the network secure) it does justify it a bit more in my mind. I'd still prefer seeing 100% of the Verium ICO being bought but you guys certainly will do what you think is best.

Verium is meant to be minded.  This ICO is just to reward Vericoin holders with a unique opportunity.  If you 100% Verium then what is the point of it?

[Xosihc]

Second, I would say I'm not as big of a fan of rewarding long time Vericoin holders or top 250 wallets with Verium. To me it just seems like it's a 'rich get richer' plot. I understand the idea is to rewards those who have stuck things out good & bad but in my opinion this only hurts those on the outside (who we want to get interested again).

I am not sure if I'm in the top 250, I know I have been at one point for sure, but even if I was number 1, there is something that isn't sitting well with that reward system in my mind and I'm not even sure why.  I am a long term VRC user, and if there is a good way to quantify and make rewards with that fair, I am all good.  It is just a weird situation where what is fair is being determined as we go, which I understand.     I mean I guess things are fair in the sense we can all see what the top 250 are and if we wanted to buy enough to get high in that list to ensure a bonus.

The idea is that it rewards those that have been securing the network. It logistically doesn't make sense to award all the addresses because we will be manually checking balances and stakes to ensure that the owners fit the criteria for the giveaway. We don't want to award exchanges with VRC because they just hold and don't stake.

Not only that, but the amount of VRM we would like to give away is small compared to the ICO. It's simply a token of our appreciation for those that supported us. It's about as open as it could be with a public list, fair warning before the ICO, and direct distribution via identical public keys.

When you put it that way (rewarding those who have made the network secure) it does justify it a bit more in my mind. I'd still prefer seeing 100% of the Verium ICO being bought but you guys certainly will do what you think is best.

Verium is meant to be minded.  This ICO is just to reward Vericoin holders with a unique opportunity.  If you 100% Verium then what is the point of it?

I was saying that I'd prefer to see 100% of the Verium ICO being bought - not saying 100% of all Verium should be sold to market, just that which is part of the ICO in July.

[Cryptonitex]

Second, I would say I'm not as big of a fan of rewarding long time Vericoin holders or top 250 wallets with Verium. To me it just seems like it's a 'rich get richer' plot. I understand the idea is to rewards those who have stuck things out good & bad but in my opinion this only hurts those on the outside (who we want to get interested again).

I am not sure if I'm in the top 250, I know I have been at one point for sure, but even if I was number 1, there is something that isn't sitting well with that reward system in my mind and I'm not even sure why.  I am a long term VRC user, and if there is a good way to quantify and make rewards with that fair, I am all good.  It is just a weird situation where what is fair is being determined as we go, which I understand.     I mean I guess things are fair in the sense we can all see what the top 250 are and if we wanted to buy enough to get high in that list to ensure a bonus.

The idea is that it rewards those that have been securing the network. It logistically doesn't make sense to award all the addresses because we will be manually checking balances and stakes to ensure that the owners fit the criteria for the giveaway. We don't want to award exchanges with VRC because they just hold and don't stake.

Not only that, but the amount of VRM we would like to give away is small compared to the ICO. It's simply a token of our appreciation for those that supported us. It's about as open as it could be with a public list, fair warning before the ICO, and direct distribution via identical public keys.

When you put it that way (rewarding those who have made the network secure) it does justify it a bit more in my mind. I'd still prefer seeing 100% of the Verium ICO being bought but you guys certainly will do what you think is best.

It's a PoW coin... It's meant to be mined, so buying all of it this early is completely pointless. It would make the coin worthless.

[souljah1h]

First ICO vote up!  Have to be a member of vericoin forums with a minimum number of posts to vote : https://www.vericoinforums.com/threads/first-verium-ico-poll.1325/

Do you know the amount of posts needed to vote?

https://www.vericoinforums.com/threads/first-verium-ico-poll.1325/#post-19129

[amesterdamer]

First ICO vote up!  Have to be a member of vericoin forums with a minimum number of posts to vote : https://www.vericoinforums.com/threads/first-verium-ico-poll.1325/

The poll ends at: Sunday, 3 July 2016, 22:03:00 (UTC time)

Countdown for this poll: http://www.timeanddate.com/countdown/election?iso=20160703T2203&p0=1440&msg=CountDown+to+the+%22First+Verium+ICO+poll%22&font=sanserif

[Cryptonitex]

First ICO vote up!  Have to be a member of vericoin forums with a minimum number of posts to vote : https://www.vericoinforums.com/threads/first-verium-ico-poll.1325/

Do you know the amount of posts needed to vote?

https://www.vericoinforums.com/threads/first-verium-ico-poll.1325/#post-19129

A minimum of 5 post are needed on VeriCoin forums to make a vote.

[souljah1h]

First ICO vote up!  Have to be a member of vericoin forums with a minimum number of posts to vote : https://www.vericoinforums.com/threads/first-verium-ico-poll.1325/

Do you know the amount of posts needed to vote?

https://www.vericoinforums.com/threads/first-verium-ico-poll.1325/#post-19129

A minimum of 5 post are needed on VeriCoin forums to make a vote.

Thanks for clearing that up!

[effectsToCause]

second poll is posted: https://www.vericoinforums.com/threads/ico-poll-for-remaining-50.1327/

[amesterdamer]

second poll is posted: https://www.vericoinforums.com/threads/ico-poll-for-remaining-50.1327/

(To vote, you have to be register in the vericoinforums.com and have 5 posts)

[verb]

voted on both polls
any updates on ico date and investment procedure?

[warr1979]

voted on both polls
any updates on ico date and investment procedure?

That's coming out after the funds have been decided

[effectsToCause]

voted on both polls
any updates on ico date and investment procedure?

The ICO will be via a web interface that will present you with a VRC send to address for the ICO investment, and then you will submit a Verium address to receive Verium at after launch.  You will generate the Verium address in the upcoming VeriCoin wallet release 1.6.5. The start date of ICO will be released soon.

[Cryptonitex]

voted on both polls
any updates on ico date and investment procedure?

The ICO will be via a web interface that will present you with a VRC send to address for the ICO investment, and then you will submit a Verium address to receive Verium at after launch.  You will generate the Verium address in the upcoming VeriCoin wallet release 1.6.5. The start date of ICO will be released soon.

Will the wallet be released before the ICO?
Or will the newly wallet BE the ICO?

[souljah1h]

voted on both polls
any updates on ico date and investment procedure?

The ICO will be via a web interface that will present you with a VRC send to address for the ICO investment, and then you will submit a Verium address to receive Verium at after launch.  You will generate the Verium address in the upcoming VeriCoin wallet release 1.6.5. The start date of ICO will be released soon.

Will the wallet be released before the ICO?
Or will the newly wallet BE the ICO?

1.6.5 will be released before the ICO.

[souljah1h]

https://www.vericoinforums.com/threads/ico-poll-for-remaining-50.1327/

Please vote!

[effectsToCause]

VeriCoin wallet 1.6.5 is released.  Go to check for update in help menu or go to www.vericoin.info to download it.
This is an optimization update which uses on average 4X less CPU power, optimizes syncing speed and makes the wallet more responsive and efficent overall.
It also allows private key export from the user interface for the Verium ICO.