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

[Fippy]

panic dump on mintpal...someone want more and cheap coins... sell wall @ 0.00029670   100000.00000000   vrc

That's not a panic dump. A panic dump is when someone sells a large amount into the buys, namely, dumps straight out of the coin they are in into BTC.

That sell wall is an attempt at market manipulation, that's all. Check the network dynamic stake rate, I think you'll find there are more people staking by holding coins in their wallets than keeping them on exchanges for trading.

+1

At over 14 mil currently staking, the total sum on exchanges is pretty darn small comparatively. That 100k sellwall is there to panic people into dumping, and it looks like it got a few.

If that whale pulls that wall, and the other couple smaller ones that went up that I'm guessing are his, it will take less than 20 BTC to send the price up to 33-35k again.

Never. Panic. Sell.

[CryptoLTD]

Hey Pat, why isn't Cryptsy on bitcoinwisdom.com as a trading platform for VRC?  I emailed them but no response...

I asked that question in the Bitcoinwisdom thread, they said somthing about an API & speed issue, which I dont believe is the case any more, considering all of the monstrous network speed improvements that happened @ cryptsy.com in the past week. Literally, their performance has increased by an order of magnitude on their trading engine.

[socal]

As promised (because its still tonight in America lol) Here is the bigger ANN for the Physical Vericoins:

The coins dimensions will be about 39 mm (1.53543 inches) in diameter and 3.175 mm (0.125 inches) thick, give or take to zero in on 1 oz. They will be made of .999 Fine Silver and feature the Vericoin logo on the face of the coin and the reverse will have a tamper evident hologram to protect the private key. In accordance with US Money Transmitting Laws all coins will be sold unfunded BUT will come with a 10 VRC "Thank You".

There are only about 100 Physical Vericoins planned on being produced, so if you would like to secure one make sure you donate the required amount to the startjoin campaign for these coins.

Donations to get these coins produced can be made here: https://www.startjoin.com/physvericoin

Please note only ONE coin will be given per qualifying donation.

Any further questions you can find me in the Vericoin IRC under the nick socal or PM me here.

bump

[El_Alpedista]

panic dump on mintpal...someone want more and cheap coins... sell wall @ 0.00029670   100000.00000000   vrc

That's not a panic dump. A panic dump is when someone sells a large amount into the buys, namely, dumps straight out of the coin they are in into BTC.

That sell wall is an attempt at market manipulation, that's all. Check the network dynamic stake rate, I think you'll find there are more people staking by holding coins in their wallets than keeping them on exchanges for trading.

he started, but he stopped very fast...strong hand... look @ red candle on MP....

Quick one here. How/where do you actually check the Network Dynamic Stake Rate. I´m a noob but theres is no way im selling for this little drop. Still I would like to know how to check that.

Cheers.

[ethought]

VeriCoin has now been added to the new Game of Dice website.

http://www.gameofdice.com/VRC

1% House Edge
Quick Payouts

[KidenceBgd]

Does anyone know when the exact payout from Vericoin pool ?

[mouseman]

Agree with this analysis. Looking for further dev team clarification as I am late the party as usual on this one.
But boy, I am pretty stoked even about being late than not arriving to the party at all. This coin just may have huge implications in the crypto universe.
And correct me if I'm wrong, I believe some more features related "news" is on the way(?) Excuse while I got check the website again.

Ah, almost forgot... just downloaded the wallet. Do I need to do anything to starting staking/interest? Haven't touched the wallet at all yet other than send coins to it...(didnt encrypt, etc.)
Am I go to go for automatically staking?

Good fortune to everyone invested in this coin and thanks to the dev team!

In alpha phase, I've successfully sent VRC to my BTC wallet with no middle man.

Actually that's pretty huge but we do need better info on what rates are being used and whether there are limits to the number of coins that can be sent this way.

For instance, if someone was holding 100BTC-worth of VRC that they needed to send to someone as BTC, could they, when the service is fully released, do so without affecting the overall rate of exchange? The equivalent of a 'dump' of VRC to BTC normally has an effect on the market but I'm assuming that the currently centralised nature of VeriBit has these transactions taking place outside of the normal exchange conditions.

If VRC can achieve this degree of liquidity without the rate of exchange applied being negatively affected for large transactions, then it really will become harder to justify being in BTC at all, given that one can earn interest while staking VRC.

No middle man ... except the Veribit service.

Agreed that this could be a big deal if we can get some clarity about fees, and a response to cryptodevil's query

[onsightit]

Does anyone know when the exact payout from Vericoin pool ?

After 1 VRC.  Then it seems to trickle in every hour.

[KidenceBgd]

Does anyone know when the exact payout from Vericoin pool ?

After 1 VRC.  Then it seems to trickle in every hour.

thanks...

[pnosker]

Agree with this analysis. Looking for further dev team clarification as I am late the party as usual on this one.
But boy, I am pretty stoked even about being late than not arriving to the party at all. This coin just may have huge implications in the crypto universe.
And correct me if I'm wrong, I believe some more features related "news" is on the way(?) Excuse while I got check the website again.

Ah, almost forgot... just downloaded the wallet. Do I need to do anything to starting staking/interest? Haven't touched the wallet at all yet other than send coins to it...(didnt encrypt, etc.)
Am I go to go for automatically staking?

Good fortune to everyone invested in this coin and thanks to the dev team!

In alpha phase, I've successfully sent VRC to my BTC wallet with no middle man.

Actually that's pretty huge but we do need better info on what rates are being used and whether there are limits to the number of coins that can be sent this way.

For instance, if someone was holding 100BTC-worth of VRC that they needed to send to someone as BTC, could they, when the service is fully released, do so without affecting the overall rate of exchange? The equivalent of a 'dump' of VRC to BTC normally has an effect on the market but I'm assuming that the currently centralised nature of VeriBit has these transactions taking place outside of the normal exchange conditions.

If VRC can achieve this degree of liquidity without the rate of exchange applied being negatively affected for large transactions, then it really will become harder to justify being in BTC at all, given that one can earn interest while staking VRC.

No middle man ... except the Veribit service.

Agreed that this could be a big deal if we can get some clarity about fees, and a response to cryptodevil's query

The fees are clearly stated on the website. It's 2 VRC. The rate is determined by the fee (2 VRC) + the calculated exchange rate across exchanges and orders.

[Crindon]

Probably not a bad idea to pick up as many VRC as you can in the next two days. Heh. Heh. Heh.

[CryptoLTD]

I would like to personally thank anyone who may be selling VRC for the past hour.

[Crindon]

I would like to personally thank anyone who may be selling VRC for the past hour.

Me too. It's a bad idea to dump when the new wallet is being released in two days with VeriBit and VeriSend integrated and another professionally designed one on July 19th.

Fully transparent development team who revealed their full names and educational backgrounds and training and current employers/institutions. Not like the other crapcoins who have anonymous creators who have something to hide.

Probably one of the few coins that institutional investors would be happy investing in.

[onsightit]

Probably not a bad idea to pick up as many VRC as you can in the next two days. Heh. Heh. Heh.

Buying and staking as fast as I can!

[leckey]

5,201.99 VRC wagered in 9591 bets @ https://vericoindice.com

[Crindon]

Probably expecting 60,000 - 70,000 satoshis by Saturday.

[Bitcycle]

I would like to personally thank anyone who may be selling VRC for the past hour.

Me too. It's a bad idea to dump when the new wallet is being released in two days with VeriBit and VeriSend integrated and another professionally designed one on July 19th.

Fully transparent development team who revealed their full names and educational backgrounds and training and current employers/institutions. Not like the other crapcoins who have anonymous creators who have something to hide.

Probably one of the few coins that institutional investors would be happy investing in.

I'm fully out of the coins that don't release their team member names.

That era is over.  If you can't tell me who you are, I'm going to assume you're hiding something from me.

[P0PFrag]

I would like to personally thank anyone who may be selling VRC for the past hour.

Me too. It's a bad idea to dump when the new wallet is being released in two days with VeriBit and VeriSend integrated and another professionally designed one on July 19th.

Fully transparent development team who revealed their full names and educational backgrounds and training and current employers/institutions. Not like the other crapcoins who have anonymous creators who have something to hide.

Probably one of the few coins that institutional investors would be happy investing in.

I'm fully out of the coins that don't release their team member names.

That era is over.  If you can't tell me who you are, I'm going to assume you're hiding something from me.

+1 my friend

[creepshow]

To vericoin team

I would like to recommend you to create a donation page, its much more professional than asking in forum everytime you need some funding and saves people from digging through fud to find what projects are in need or are coming, and show what percent is needed, I know i would donate more with this system.

vericoin holder since 500sat never seen a exchange since i bought
best coin out there, let us help you keep it that way.
thx

examples

http://www.potfunder.com

http://vertcoinmarket.com

[RJF]

Here's a 3 phased idea to get VRC to reach 50k+ satoshi and more!  

2.  Secondly, all of us, and I mean ALL OF US, need to join  http://pool.vericoin.info/   the Vericoin multipool.  

Can anyone give me an idea of what the daily estimated earnings would be running 100 GH/s using SHA256 on this pool?