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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 1346435 times)
MAD945
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March 25, 2017, 02:42:56 AM
 #18821

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  Undecided

I'm sure the devs can give a more definitive answer...I'll ask them to give more clarification.
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MAD945
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March 25, 2017, 03:47:42 AM
 #18822

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 Roll Eyes
statdude
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March 25, 2017, 05:26:44 PM
 #18823

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  Undecided

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?

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yaooke
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March 26, 2017, 05:05:11 PM
 #18824

I bought some vericoin, price looks interesting, thanks.

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Cryptonite310
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March 27, 2017, 03:27:17 AM
 #18825

I bought some vericoin, price looks interesting, thanks.
Price will keep rising and rising!
MAD945
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March 27, 2017, 04:07:52 AM
 #18826

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 Roll Eyes

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

Dad? But I thought you ran off with the goat!
statdude
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March 27, 2017, 04:52:01 AM
 #18827

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 Roll Eyes

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!

                ▄▄▄▄▄▄▄▄               
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               ▀▀▓▓▓▓▓▓▀▀▀             

CREDITS
[
Whitepaper    |    Linked In
FACEBOOK TWITTER ANN BOUNTY TELEGRAM
][ ]
yaooke
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Vincit qui se vincit.


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March 27, 2017, 08:54:23 AM
 #18828

I bought some vericoin, price looks interesting, thanks.
Price will keep rising and rising!

Looks like it did a rounding bottom to me.

BitSend ◢◤Clients | Source
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████████▄
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███████████▀
████████▀
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█▀












Your Digital Network | 10MB Blocks
Algo: XEVAN | DK3 | Masternodes
Bitcore - BTX/BTC -Project












BSD -USDT | Bittrex | C.Gather | S.Exchange
Cryptopia | NovaExchange | Livecoin
CoinPayments | Faucet | Bitsend Airdrop













████
 ████
  ████
   ████
    ████
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MAD945
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March 27, 2017, 09:54:08 PM
 #18829

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 Roll Eyes

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 Cool

"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
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March 28, 2017, 02:28:39 AM
 #18830

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 Roll Eyes

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 Cool

"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.
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March 28, 2017, 04:49:16 AM
 #18831


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.
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March 28, 2017, 06:33:48 AM
 #18832

Something I have thought about is imagine if Satoshi had started bitcoin with two blockchains, linked together in a wallet like VRC/VRM is envisioned to be.  VRC, like Bitcoin Unlimited, built for transactional efficiency, and VRM acting like BTC Core, an immutable store of value.  Maybe there wouldn't be the battle there is today between the two camps in Bitcoin.  Instead Core would remain primarily security focused as a store of value and BTU would be free to try changes aimed at keeping the payment system competitive.  Not only that but you get a certain level of anonymity when you deposit in your VRM vault, like a Swiss bank. It's the best of all worlds in one wallet. No, it's VeriSwissTM. Please deposit VRM marketing funds in my bitcoin address below  Wink

One other thing I just thought of -- second layer payment options like a LN riding on top of VRM could give the vericoin system a third layer for microtransactions. The VeriTriadTM Shocked

Edit: VRC to VRM dual thread connection TestNet (VeriThreadtm)

VRM: VJ1a71E6G45LtTDedxWgAYaMbFk32qufuS

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March 28, 2017, 06:53:56 AM
 #18833

Thing is they might be doing that now, then they would take all the fame. Not VeriCoin/Verium
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March 28, 2017, 06:57:53 AM
 #18834

Thing is they might be doing that now, then they would take all the fame. Not VeriCoin/Verium


How? It will just be two different coins.  They'll never work together on a complex and integrated project like this.  They hate each other.

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March 28, 2017, 07:12:27 AM
 #18835

Thing is they might be doing that now, then they would take all the fame. Not VeriCoin/Verium


It would be hard for them to change anything in Bitcoin without the consent of the miners, the miners have all the power.

PoST/PoWT joined is brilliant in my mind, all the positives of both with none of the draw backs because they cover each other.



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March 28, 2017, 07:53:33 AM
 #18836

would anyone be so kind to make an ELI5 here? I was considering buying some VRC for my diversified portfolio on Polo but then I started reading about Verium. Will VRC be here for the long run or replaced? Are you waiting for some integration of the two blockchains that will drive the price up in the short term you think?

thanks
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March 28, 2017, 07:54:18 AM
 #18837

Is this project still alive and kicking?

░░ TELCOIN ░░    Financial inclusion for a Mobile World
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March 28, 2017, 08:26:52 AM
 #18838

Is this project still alive and kicking?

Yes, more to come
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March 28, 2017, 03:19:43 PM
 #18839

Is this project still alive and kicking?
Yes it is! Still going after 2.5+ years  Cool

_@/'
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March 28, 2017, 03:59:34 PM
 #18840

would anyone be so kind to make an ELI5 here? I was considering buying some VRC for my diversified portfolio on Polo but then I started reading about Verium. Will VRC be here for the long run or replaced? Are you waiting for some integration of the two blockchains that will drive the price up in the short term you think?

thanks


Vericoin and Verium are here to stay, not going anywhere...the devs are working on the code for both wallets to be as efficient as possible for staking and mining then move on to the trading wallet integration. More projects being worked on by other 3rd party developers and more to come Cool
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