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

[Majormax]

The market dictates that I'm not alone while other coins are doing $100,000 of dollar in volume this coin is struggling most days to get $5K.  
..

5k daily volume is reasonable for a small alt. There are around a dozen coins with a larger market cap which are doing less volume.

Development is not as fast as some, and the number of committed (and full time) devs will always be the  #1 critical issue for most coins. If there are not enough new devs coming on board, the project can be in a downwards spiral.

The most important thing that stretched devs can do is to keep the network healthy. Forward progress can wait until there is enough resouce.

[statdude]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

[MAD945]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Artificially pumped, i don't care more free btc for me i keep dumping and buying vrm...  (Useless coin no value)    vrc... 3.8k  i wont let it.... all you are dreaming!!!!!!

Don't mind him, he's just the local village idiot

[MAD945]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Verium is an ASIC and GPU resistant CPU only minable digital asset. As being one of the only CPU PoWT digital assets it puts it in reach of everyone and not just not a few rich people who are able to put mass amounts of resources into ASICs or GPUs and centralize mining.

I see Verium as a store of value and will be required to do anonymous decentralized trading between Vericoin and Verium. Gold to cash, cash to gold. A dual blockchain financial ecosystem.

When the developers finish the in wallet trading between Vericoin and Verium. Truely anonymous, decentralized, obsticated, untraceable transactions, it will be a game changer.

But that's just my opinion

[monsanto]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Verium is an ASIC and GPU resistant CPU only minable digital asset. As being one of the only CPU PoWT digital assets it puts it in reach of everyone and not just not a few rich people who are able to put mass amounts of resources into ASICs or GPUs and centralize mining.

I see Verium as a store of value and will be required to do anonymous decentralized trading between Vericoin and Verium. Gold to cash, cash to gold. A dual blockchain financial ecosystem.

When the developers finish the in wallet trading between Vericoin and Verium. Truely anonymous, decentralized, obsticated, untraceable transactions, it will be a game changer.

But that's just my opinion

I thought a big reason why there are so few CPU PoW assets was because they are vulnerable to botnets.  If verium is supposed to act as gold will CPU mining provide enough security?

[Cryptonite310]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Verium is an ASIC and GPU resistant CPU only minable digital asset. As being one of the only CPU PoWT digital assets it puts it in reach of everyone and not just not a few rich people who are able to put mass amounts of resources into ASICs or GPUs and centralize mining.

I see Verium as a store of value and will be required to do anonymous decentralized trading between Vericoin and Verium. Gold to cash, cash to gold. A dual blockchain financial ecosystem.

When the developers finish the in wallet trading between Vericoin and Verium. Truely anonymous, decentralized, obsticated, untraceable transactions, it will be a game changer.

But that's just my opinion

Let's not all jump too far ahead of ourselves. There's much to be done, and this is just the start.

[Cryptonite310]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Verium is an ASIC and GPU resistant CPU only minable digital asset. As being one of the only CPU PoWT digital assets it puts it in reach of everyone and not just not a few rich people who are able to put mass amounts of resources into ASICs or GPUs and centralize mining.

I see Verium as a store of value and will be required to do anonymous decentralized trading between Vericoin and Verium. Gold to cash, cash to gold. A dual blockchain financial ecosystem.

When the developers finish the in wallet trading between Vericoin and Verium. Truely anonymous, decentralized, obsticated, untraceable transactions, it will be a game changer.

But that's just my opinion

I thought a big reason why there are so few CPU PoW assets was because they are vulnerable to botnets.  If verium is supposed to act as gold will CPU mining provide enough security?

Yes, CPU mining with it's memory requirements and running along 2 blockchains and a bunch of other things I don't totally understand it's enough security. This is one of the most secure coins out there.

[MAD945]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Verium is an ASIC and GPU resistant CPU only minable digital asset. As being one of the only CPU PoWT digital assets it puts it in reach of everyone and not just not a few rich people who are able to put mass amounts of resources into ASICs or GPUs and centralize mining.

I see Verium as a store of value and will be required to do anonymous decentralized trading between Vericoin and Verium. Gold to cash, cash to gold. A dual blockchain financial ecosystem.

When the developers finish the in wallet trading between Vericoin and Verium. Truely anonymous, decentralized, obsticated, untraceable transactions, it will be a game changer.

But that's just my opinion

I thought a big reason why there are so few CPU PoW assets was because they are vulnerable to botnets.  If verium is supposed to act as gold will CPU mining provide enough security?

Yes, CPU mining with it's memory requirements and running along 2 blockchains and a bunch of other things I don't totally understand it's enough security. This is one of the most secure coins out there.

Bingo...Vericoin is one of the most decentralized and secure crypto currencies out there with PoST. Verium is along the same lines with PoWT. With the massive memory requirements and how it's mined, botnets wouldn't be very profitable.

[monsanto]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Verium is an ASIC and GPU resistant CPU only minable digital asset. As being one of the only CPU PoWT digital assets it puts it in reach of everyone and not just not a few rich people who are able to put mass amounts of resources into ASICs or GPUs and centralize mining.

I see Verium as a store of value and will be required to do anonymous decentralized trading between Vericoin and Verium. Gold to cash, cash to gold. A dual blockchain financial ecosystem.

When the developers finish the in wallet trading between Vericoin and Verium. Truely anonymous, decentralized, obsticated, untraceable transactions, it will be a game changer.

But that's just my opinion

I thought a big reason why there are so few CPU PoW assets was because they are vulnerable to botnets.  If verium is supposed to act as gold will CPU mining provide enough security?

Yes, CPU mining with it's memory requirements and running along 2 blockchains and a bunch of other things I don't totally understand it's enough security. This is one of the most secure coins out there.

Bingo...Vericoin is one of the most decentralized and secure crypto currencies out there with PoST. Verium is along the same lines with PoWT. With the massive memory requirements and how it's mined, botnets wouldn't be very profitable.

I was imagining something more along the lines of a direct attack but I'll take your word for it.  Nothing to worry about 

[MAD945]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Verium is an ASIC and GPU resistant CPU only minable digital asset. As being one of the only CPU PoWT digital assets it puts it in reach of everyone and not just not a few rich people who are able to put mass amounts of resources into ASICs or GPUs and centralize mining.

I see Verium as a store of value and will be required to do anonymous decentralized trading between Vericoin and Verium. Gold to cash, cash to gold. A dual blockchain financial ecosystem.

When the developers finish the in wallet trading between Vericoin and Verium. Truely anonymous, decentralized, obsticated, untraceable transactions, it will be a game changer.

But that's just my opinion

I thought a big reason why there are so few CPU PoW assets was because they are vulnerable to botnets.  If verium is supposed to act as gold will CPU mining provide enough security?

Yes, CPU mining with it's memory requirements and running along 2 blockchains and a bunch of other things I don't totally understand it's enough security. This is one of the most secure coins out there.

Bingo...Vericoin is one of the most decentralized and secure crypto currencies out there with PoST. Verium is along the same lines with PoWT. With the massive memory requirements and how it's mined, botnets wouldn't be very profitable.

I was imagining something more along the lines of a direct attack but I'll take your word for it.  Nothing to worry about 

I'm sure the devs can give a more definitive answer...I'll ask them to give more clarification.

[MAD945]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Artificially pumped, i don't care more free btc for me i keep dumping and buying vrm...  (Useless coin no value)    vrc... 3.8k  i wont let it.... all you are dreaming!!!!!!

Don't mind him, he's just the local village idiot

and making happen!!!!

Sure you are bud, sure you are

[statdude]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Verium is an ASIC and GPU resistant CPU only minable digital asset. As being one of the only CPU PoWT digital assets it puts it in reach of everyone and not just not a few rich people who are able to put mass amounts of resources into ASICs or GPUs and centralize mining.

I see Verium as a store of value and will be required to do anonymous decentralized trading between Vericoin and Verium. Gold to cash, cash to gold. A dual blockchain financial ecosystem.

When the developers finish the in wallet trading between Vericoin and Verium. Truely anonymous, decentralized, obsticated, untraceable transactions, it will be a game changer.

But that's just my opinion

I thought a big reason why there are so few CPU PoW assets was because they are vulnerable to botnets.  If verium is supposed to act as gold will CPU mining provide enough security?

Yes, CPU mining with it's memory requirements and running along 2 blockchains and a bunch of other things I don't totally understand it's enough security. This is one of the most secure coins out there.

Bingo...Vericoin is one of the most decentralized and secure crypto currencies out there with PoST. Verium is along the same lines with PoWT. With the massive memory requirements and how it's mined, botnets wouldn't be very profitable.

I was imagining something more along the lines of a direct attack but I'll take your word for it.  Nothing to worry about 

I'm sure the devs can give a more definitive answer...I'll ask them to give more clarification.

I'm still confused... as a BTC user I could care less about mining... what is the use case ?? Use case = value not mining mumbo jumbo.

I really do want to buy Verium as it looks cheap but I'm not convinced. Maybe I'll stick to Vericoin. Does Verium award you Vericoin or anything?

[yaooke]

I bought some vericoin, price looks interesting, thanks.

[Cryptonite310]

I bought some vericoin, price looks interesting, thanks.

Price will keep rising and rising!

[MAD945]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Artificially pumped, i don't care more free btc for me i keep dumping and buying vrm...  (Useless coin no value)    vrc... 3.8k  i wont let it.... all you are dreaming!!!!!!

Don't mind him, he's just the local village idiot

and making happen!!!!

Sure you are bud, sure you are

good boy do what pappa wants!!!! keep pumping

Dad? But I thought you ran off with the goat!

[statdude]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Artificially pumped, i don't care more free btc for me i keep dumping and buying vrm...  (Useless coin no value)    vrc... 3.8k  i wont let it.... all you are dreaming!!!!!!

Don't mind him, he's just the local village idiot

and making happen!!!!

Sure you are bud, sure you are

good boy do what pappa wants!!!! keep pumping

Dad? But I thought you ran off with the goat!

I still never really got an answer. Sounds like Verium will be a pass for me. Don't see the value prop for crypto users. Good luck!

[yaooke]

I bought some vericoin, price looks interesting, thanks.

Price will keep rising and rising!

Looks like it did a rounding bottom to me.

[MAD945]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Artificially pumped, i don't care more free btc for me i keep dumping and buying vrm...  (Useless coin no value)    vrc... 3.8k  i wont let it.... all you are dreaming!!!!!!

Don't mind him, he's just the local village idiot

and making happen!!!!

Sure you are bud, sure you are

good boy do what pappa wants!!!! keep pumping

Dad? But I thought you ran off with the goat!

I still never really got an answer. Sounds like Verium will be a pass for me. Don't see the value prop for crypto users. Good luck!

Sorry I thought I responded, my bad

"My understanding is the main benefit is that it will increase security of the blockchain once activated through AUX mining. Mining Verium will secure the Vericoin blockchain and the Verium blockchain. Miners will receive Vericoin and Verium for there mining efforts. One of the major reasons given why Bitcoin has so much value is it is the blockchain with the highest security factor. POS chains are considered insecure by many in this space, so moving to a hybrid model where Vericoin is mined via POS and POW will reduce the attack vector.

An additional benefit is that VRM will be swappable to VRC and back again directly in the wallet via an automatic transfer mechanism which will be decentralized, untraceable and anonymous. The ratio should be 1 VRM = 10 VRC in theory. I believe the developers may be looking at having a required amount in the wallet to do the swap. So as to fund an account and hold some Vericoin and Verium to do the swap.

VRM is kind of like a sidechain to VRC but maybe we should think of it the other way round. In the future VRM would be the store of value and VRC would be used for day to day transactions because of the low fees, and instant transfer and the most secure blockchain."

I borrowed this quote from a member of the community and alternated it a bit.

[Cryptonite310]

Confused at why Verium has value???


I can understand Vericoin but why would Verium hold any value if it is just mined and dumped?

Artificially pumped, i don't care more free btc for me i keep dumping and buying vrm...  (Useless coin no value)    vrc... 3.8k  i wont let it.... all you are dreaming!!!!!!

Don't mind him, he's just the local village idiot

and making happen!!!!

Sure you are bud, sure you are

good boy do what pappa wants!!!! keep pumping

Dad? But I thought you ran off with the goat!

I still never really got an answer. Sounds like Verium will be a pass for me. Don't see the value prop for crypto users. Good luck!

Sorry I thought I responded, my bad

"My understanding is the main benefit is that it will increase security of the blockchain once activated through AUX mining. Mining Verium will secure the Vericoin blockchain and the Verium blockchain. Miners will receive Vericoin and Verium for there mining efforts. One of the major reasons given why Bitcoin has so much value is it is the blockchain with the highest security factor. POS chains are considered insecure by many in this space, so moving to a hybrid model where Vericoin is mined via POS and POW will reduce the attack vector.

An additional benefit is that VRM will be swappable to VRC and back again directly in the wallet via an automatic transfer mechanism which will be decentralized, untraceable and anonymous. The ratio should be 1 VRM = 10 VRC in theory. I believe the developers may be looking at having a required amount in the wallet to do the swap. So as to fund an account and hold some Vericoin and Verium to do the swap.

VRM is kind of like a sidechain to VRC but maybe we should think of it the other way round. In the future VRM would be the store of value and VRC would be used for day to day transactions because of the low fees, and instant transfer and the most secure blockchain."

I borrowed this quote from a member of the community and alternated it a bit.

I thought that sounded familiar.

This sounds like an interesting concept to having 2 block chains working together and for each other.

But here's a question thought.....

If we are storing our value in Verium, why do that if there's an incentive to keep your value in VeriCoin -- as because if we are staking our coins we earn interest, thus creating more value for us. If it's stored in Verium we are not earning anything.

[MAD945]

I thought that sounded familiar.

This sounds like an interesting concept to having 2 block chains working together and for each other.

But here's a question thought.....

If we are storing our value in Verium, why do that if there's an incentive to keep your value in VeriCoin -- as because if we are staking our coins we earn interest, thus creating more value for us. If it's stored in Verium we are not earning anything.

Why not do both?

Devs are already working on optimizing the VeriCoin wallet to use 60% less resources, are finishing up the update to the Verium miner code to be more efficient for mining. They have mentioned wanting to merge the wallets into one, so why can't you mine and stake at the same time? With a possilbe requirment to hold Verium and VeriCoin to be able to do the decentralized anonymous swap in wallet with a 10 to 1 ratio.

Just like having a vault at home with gold for savings and holding value and your chequing account at your bank for spending and earning interest.