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Question: Where would you prefer the VRC/VRM exchange pair be?
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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1342103 times)
souljah1h
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June 27, 2016, 02:34:49 PM
 #17401

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.
It's the top 250 people that make Vericoin secure, I think that must be rewarded.

_@/'
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souljah1h
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June 27, 2016, 02:48:19 PM
 #17402



You would need about 16600 VRC to recieve a VRM bounty. If we vote for it of course  Cool

_@/'
FANCIER
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June 27, 2016, 03:24:42 PM
 #17403



You would need about 16600 VRC to recieve a VRM bounty. If we vote for it of course  Cool

16600 VRCx 0.044 USD (today price) = USD 730.   Smiley
souljah1h
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June 27, 2016, 04:55:45 PM
 #17404

Quote
Major cleanout of code and optimizations for 1.6.5

https://github.com/effectsToCause/vericoin/commit/acb67b89beb9cb8b3b8419fe89510dd89cc45e10

Showing 96 changed files with 24 additions and 5,719 deletions.

Much lighter in code, UI and CPU usage.

Should be solid on raspberry pi's now. Also easy to import and export private keys, no instructions necessary.

_@/'
Cryptonitex
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June 27, 2016, 05:34:40 PM
 #17405



You would need about 16600 VRC to recieve a VRM bounty. If we vote for it of course  Cool

16600 VRCx 0.044 USD (today price) = USD 730.   Smiley
16600.
Doesn't seem like much though,
But congrats if your in the top 250.
amesterdamer
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June 27, 2016, 05:36:41 PM
 #17406

MoneypakTrader.com
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June 27, 2016, 06:42:40 PM
 #17407



You would need about 16600 VRC to recieve a VRM bounty. If we vote for it of course  Cool

16600 VRCx 0.044 USD (today price) = USD 730.   Smiley
16600.
Doesn't seem like much though,
But congrats if your in the top 250.

as long as the price remains at this level it does not seem much .
but patience will be rewarded.
sit back relax and watch vrc grow in tech and in price.   Smiley

pnosker
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June 27, 2016, 07:06:55 PM
 #17408

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.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
BitcoinPorn
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June 27, 2016, 09:12:10 PM
 #17409

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.

I guess things check out good so far, I mean, long ass users like myself who have been holding for years have in fact been securing this network up until this point.    Wish rather than the 250 get the same amount, maybe the rewards just go down the line into smaller amounts, or a reward is based on percentage, but now it gets back to what someone else was saying regarding the rich getting richer.   I guess more or less I might find issues on either side overthinking this.  I trust whatever decision is made in the sense that you guys are open about it and this discussions have been taking place.

I really do need to double check my balances in the main wallet.    A wallet does not = a vrc address, right?    Like if I had 200000 vrc, but they were put in 20 vrc increments into separate addresses, the combined total is what counts as the total wallet amount, right?

souljah1h
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June 27, 2016, 09:26:54 PM
 #17410

https://twitter.com/pnosker/status/747528434260180992

If anyone wants to test Vericoin 1.6.5: http://www.vericoin.info/downloads/VeriCoin_1.6.5_32bit.exe

_@/'
pnosker
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June 27, 2016, 11:03:53 PM
 #17411

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.

I guess things check out good so far, I mean, long ass users like myself who have been holding for years have in fact been securing this network up until this point.    Wish rather than the 250 get the same amount, maybe the rewards just go down the line into smaller amounts, or a reward is based on percentage, but now it gets back to what someone else was saying regarding the rich getting richer.   I guess more or less I might find issues on either side overthinking this.  I trust whatever decision is made in the sense that you guys are open about it and this discussions have been taking place.

I really do need to double check my balances in the main wallet.    A wallet does not = a vrc address, right?    Like if I had 200000 vrc, but they were put in 20 vrc increments into separate addresses, the combined total is what counts as the total wallet amount, right?

Yes, wallet =/= VRC address. Make sure they're all in the same address. You can send to yourself (a particular address) if necessary.

250 was chosen because this will be a manual process and if we were to do every VRC address it would be time prohibitive.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
amesterdamer
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June 27, 2016, 11:09:51 PM
 #17412

BitcoinPorn
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June 28, 2016, 01:17:05 AM
 #17413


Yes, wallet =/= VRC address. Make sure they're all in the same address. You can send to yourself (a particular address) if necessary.

250 was chosen because this will be a manual process and if we were to do every VRC address it would be time prohibitive.

Follow up question here, and it may not even make sense, but is stake time reset if coins go to a new address?

monsanto
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June 28, 2016, 01:51:03 AM
 #17414

When can I convert some vericoins to verium?

Cryptonitex
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June 28, 2016, 03:36:28 AM
 #17415

When can I convert some vericoins to verium?
The ICO hasn't started yet. Maybe in 2 - 3 weeks it will.
pnosker
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June 28, 2016, 04:23:10 PM
 #17416


Yes, wallet =/= VRC address. Make sure they're all in the same address. You can send to yourself (a particular address) if necessary.

250 was chosen because this will be a manual process and if we were to do every VRC address it would be time prohibitive.

Follow up question here, and it may not even make sense, but is stake time reset if coins go to a new address?

Yes, but if they've been staked recently the time will be about 0 anyway.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
BitcoinPorn
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June 28, 2016, 07:48:19 PM
 #17417

Yes, but if they've been staked recently the time will be about 0 anyway.

So individual addresses' get reset every time a payout is made?      


Found this post from a while back, does this same math apply to Vericoin staking

souljah1h
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June 28, 2016, 08:43:26 PM
 #17418



Credits to amesterdamer!

_@/'
effectsToCause
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June 28, 2016, 10:32:46 PM
 #17419

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/
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June 29, 2016, 12:24:09 AM
 #17420

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.
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