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

[MAD945]

When is the Verium phrase 2 ICO ending?

the same question..

3 Days Left....clicky here http://www.vericoin.info/ico.html

[effectsToCause]

Hi guys, here is the Blocktime calculation breakdown:

The blocktime is dependent on the difficulty.  The difficulty in Verium is an automatically adjusting exponential factor that is dependent on the difference between the actual blocktime and the targeted blocktime.  So as computational power grows the blocktime speeds up and the difficulty adjusts exponentially to match the computational power to the target blocktime.  In Verium however, the target blocktime is also changing, so this ends up smoothing the effective difficulty. The difficulty and the variable blocktime are a counterbalance to one another, resulting in a more organic, smooth and incremental difficulty adjustment as the computational power grows. This can greatly extend the profitability of CPU mining combined with the reward adjustment scheme.  Additionally this can potentially decrease incentive for pooling, because solo-mining can be more profitable and result in a more predictable return on time devoted to solo-mining.

Another key factor is the security enhancement of this variable blocktime paradigm.  Any competing chain that has less computational power will calculate a slower blocktime for it's chain, this results in nodes reconnecting automatically to the chain with the largest block height, which will always have the most computational power and fastest calculated blocktime.  So there is no risk that the longer chain has less power and the computational power consensus is always maintained in totality.

The blocktime calculation is logarithmic so to better intuit how this works, I've plotted it both linearly and logarithmically.  As you can see, as the consensus is getting off the ground it quickly speeds up and dampens difficulty, but dampens it only as the security is acceptable for such an effect.  It can also slow in the case of a reduced computational power.

The blocktime is calculated with this equation:
blocktime (sec) = -13.03*log(difficulty)+180

[Cryptonitex]

VeriCoin has 11 Votes, looking good, let's show some more support to get us with the top 5 coins on this list.

Vote for VeriCoin!

https://bitcointalk.org/index.php?topic=1585697.0

[Piston Honda]

v-whatever you want they're all shit and going NOWHEEEEEEEEEEEEEEEEEEEEEEEEEEERRRRRRRRRRRRRRRRRRRRRRRREEEEEEEEEEE

Hey how's WBB going for ya? Oh yeah nooooooooooooowheeeeeeeeeeeeeeeeerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrreeeeeeeeeeeeeee eeeeee

hey monkey oh shit you got me bro.  hey i didn't bring it up, you did.  i guess you don't like wbb, that's cool.....must suck you don't want to be a part of something huge that's actually GOING to see results and make ppl money lol.  i been buying since it was fucking peanuts and am up in the hundreds of %....damn i'm crying! lmao.   - hrm, price is way up, it doesn't dump and the tech is improving monthly.   lol it has 10x more going for it than veri-any-fucking-thing since veri got fucked over a year ago bigtime and cannot recover, thus this 'new plan' for VERICUM oh wow....look another means to offload vericoin and get more suckers btc.  sad but sure, go for it. lol!

[MAD945]

v-whatever you want they're all shit and going NOWHEEEEEEEEEEEEEEEEEEEEEEEEEEERRRRRRRRRRRRRRRRRRRRRRRREEEEEEEEEEE

Hey how's WBB going for ya? Oh yeah nooooooooooooowheeeeeeeeeeeeeeeeerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrreeeeeeeeeeeeeee eeeeee

hey monkey oh shit you got me bro.  hey i didn't bring it up, you did.  i guess you don't like wbb, that's cool.....must suck you don't want to be a part of something huge that's actually GOING to see results and make ppl money lol.  i been buying since it was fucking peanuts and am up in the hundreds of %....damn i'm crying! lmao.   - hrm, price is way up, it doesn't dump and the tech is improving monthly.   lol it has 10x more going for it than veri-any-fucking-thing since veri got fucked over a year ago bigtime and cannot recover, thus this 'new plan' for VERICUM oh wow....look another means to offload vericoin and get more suckers btc.  sad but sure, go for it. lol!

Your so clever

VERICUM....lol we may need to higher some porn stars to advertise with our marketing budget, maybe we can shoot a VERICUM porno.  Actually you know what I want you in the porno! Whats your lowest number? $50? You do bare back? I will pay you in Wilderness Homobear Bucks, it'll be great!

Hey guys! We're making a porno!!!

[Cryptonitex]

The fuck??

[MAD945]

The fuck??

Sorry I was drinking last night lol

[souljah1h]

2 days left

[souljah1h]

What is the latest update on the ICO? It seems end in few days/hours. Did you get word from any exchange? What are your initiatives for VRM after ICO?

A brief overview of current development plans:

-Once the ICO ends, we can prepare the mainnet and mine the correct required VRM from the ICO.
-Then after the ICO funds are mined, we will run the mainnet privately with a block reward of zero until all the ICO funds are sent to their respective addresses
-After all the funds have been disbursed we will open the mainnet up to the public and start the blocktime-dependent reward scheme.
-Then mining will begin
-We will be working with either poloniex, bittrex or both to support a VRC/VRM market pair.  The VRM/BTC pairs will be up to the exchanges to add at their own discretion.
-Once this market pair is up we will add VRM/VRC swap functionality to the Verium and VeriCoin wallet.
-After the Verium network has stabilized we will release a new VeriCoin wallet that accepts Verium blocks as part of it's consensus, then as Verium picks up steam so too does the currency in security, transaction speed and scalability.

[MAD945]

What is the latest update on the ICO? It seems end in few days/hours. Did you get word from any exchange? What are your initiatives for VRM after ICO?

A brief overview of current development plans:

-Once the ICO ends, we can prepare the mainnet and mine the correct required VRM from the ICO.
-Then after the ICO funds are mined, we will run the mainnet privately with a block reward of zero until all the ICO funds are sent to their respective addresses
-After all the funds have been disbursed we will open the mainnet up to the public and start the blocktime-dependent reward scheme.
-Then mining will begin
-We will be working with either poloniex, bittrex or both to support a VRC/VRM market pair.  The VRM/BTC pairs will be up to the exchanges to add at their own discretion.
-Once this market pair is up we will add VRM/VRC swap functionality to the Verium and VeriCoin wallet.
-After the Verium network has stabilized we will release a new VeriCoin wallet that accepts Verium blocks as part of it's consensus, then as Verium picks up steam so too does the currency in security, transaction speed and scalability.

Wow! That's a lot of work, no wonder they didn't have anytime to do any marketing!

We definitely have the hardest working devs

[Cryptonitex]

What is the latest update on the ICO? It seems end in few days/hours. Did you get word from any exchange? What are your initiatives for VRM after ICO?

A brief overview of current development plans:

-Once the ICO ends, we can prepare the mainnet and mine the correct required VRM from the ICO.
-Then after the ICO funds are mined, we will run the mainnet privately with a block reward of zero until all the ICO funds are sent to their respective addresses
-After all the funds have been disbursed we will open the mainnet up to the public and start the blocktime-dependent reward scheme.
-Then mining will begin
-We will be working with either poloniex, bittrex or both to support a VRC/VRM market pair.  The VRM/BTC pairs will be up to the exchanges to add at their own discretion.
-Once this market pair is up we will add VRM/VRC swap functionality to the Verium and VeriCoin wallet.
-After the Verium network has stabilized we will release a new VeriCoin wallet that accepts Verium blocks as part of it's consensus, then as Verium picks up steam so too does the currency in security, transaction speed and scalability.

Wow! That's a lot of work, no wonder they didn't have anytime to do any marketing!

We definitely have the hardest working devs

Some good shit is about to come

[Arvydas77]

Take my part in Verium ICO 

[souljah1h]

Take my part in Verium ICO  

Thanks for participating!

[souljah1h]

NOTICE

If you are a Top 250 VRC holder, you need to stake between July 20 and August 19 to recieve your reward. Reward will be 1 VRM for every 500 VRC you hold in your wallet.

[souljah1h]

Total VRC raised in phase 2 so far, 1282213.10307702 VRC

ICO ending tomorrow http://www.vericoin.info/ico.html

[monsanto]

Total VRC raised in phase 2 so far, 1217244.96020050 VRC

ICO ending tomorrow http://www.vericoin.info/ico.html

My bold prediction: phase 2 will still raise over 3.5 million VRC 

[Arvydas77]

The price of VRC is moving up while we are approaching the end of Verium ICO. Nice moves 

[effectsToCause]

Hey guys posted new poll about VRC/VRM pair above ^

[pi933]

I can't seem to vote (just lurk here...). Both would be nice.

[effectsToCause]

I can't seem to vote (just lurk here...). Both would be nice.

I think bitcointalk requires you to be beyond noobie to vote.  Preference noted..