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

[socal]

ok all the startjoin campaign for the Physical Vericoins is now active. Please go here to donate: https://www.startjoin.com/physvericoin
Don't forget to spread the word!!!

Very excited, If you are not investing in silver for the long run then you should probably look into it.

If you want silver go and buy silver from reputable dealer for 2/5 the cost.

This is a shiny VRC souvenir.

I already buy bi-weekly, same coins get tiring if you have collected as long as I have. I always look for cool coins so much more fun.

You know then more than anyone, you're not purchasing this for the silver. You're purchasing a collectible with this, and there is nothing wrong with it. But if you want silver, for silvers sake is a lot better ways of doing it, and you can still donate to VRC.

Also, Just to bring clarity, Is any profit being taken by the producer of the coins? Whats the split between what goes to VRC fund ect. If its nearly all for the fund then I may even buy 1. If its to get someone a few bucks to sell overpriced silver, no thx  

I am splitting all profits 50/50 with the VeriFund, not that I expect much profit because as stated in the hangout the initial costs are high, $500 - $800 for custom mold $300 - $400 for the holograms and then each coin is spot price plus a minting premium of $5 - $15 dollars, and do not forget each coin comes with a 10 VRC "Thank You"

Also I could have chosen to do the coins in another metal to keep costs down but from my experience in the Physical Coin world most people want precious metal Physical Coins AND by being made out of silver this offers a dual investment (in both VRC AND Silver) and the coins will retain value even if the VRC is spent.

[Crindon]

What if VRC reaches 1,000,000 satoshis before summer's end?


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[Crindon]

Why is tomorrow's wallet release a big deal?

VeriSend and VeriBit have been proven to be working technology. The problem is that they are centralized.

Once they get incorporated into the wallet and released tomorrow, they will be decentralized. This means the technology is proven and safe. This is why having VRC in a portfolio is a sound idea. Anyone with money would be insane not to buy in as much as possible right now. But, we do live in a crazy world.

[darthburnstuff]

What's the best way to buy BTC so I can buy more VRC?

[blizeH]

How come my interest is less than half of what I got yesterday? I get the whole 'dynamic interest' thing but how exactly is it calculated?

[SaveForrest]

What if VRC reaches 1,000,000 satoshis before summer's end?

Maybe if developers fulfill all their promises.
And if people and market will like this coin and adopt it.

How many users it has so far? one hundred or one thousand maybe?
I think now it is overpriced, there is no need for this coin to be expensive in comparison with bitcoin. If it drop down back under previous price I start to think to buy some, Not for this price

[blizeH]

How is expensive compared to Bitcoin? I traded 1 BTC for thousands of VRC D:

[T.Stuart]

I think now it is overpriced... If it drop down back under previous price I start to think to buy some...

A common refrain on these forums 

[Crindon]

What if VRC reaches 1,000,000 satoshis before summer's end?

Maybe if developers fulfill all their promises.
And if people and market will like this coin and adopt it.

How many users it has so far? one hundred or one thousand maybe?
I think now it is overpriced, there is no need for this coin to be expensive in comparison with bitcoin. If it drop down back under previous price I start to think to buy some, Not for this price

VeriSend and VeriBit have already been proven technology. The development team always delivers and on time.

There has been 0 evidence to the contrary, so stop with the FUD.

This coin is severely undervalued, not overpriced. Did you miss the train or something?

[drkman]

What's the best way to buy BTC so I can buy more VRC?

PM me.

[T.Stuart]

VeriSend and VeriBit have already been proven technology. The development team always delivers and on time.

There has been 0 evidence to the contrary, so stop with the FUD.

This coin is severely undervalued, not overpriced. Did you miss the train or something?

Nice pump!  

[Crindon]

What's the best way to buy BTC so I can buy more VRC?

CoinBase if you are in the US.
cavirtex.com if you are in Canada.

Not sure about other locations.

[Crindon]

VeriSend and VeriBit have already been proven technology. The development team always delivers and on time.

There has been 0 evidence to the contrary, so stop with the FUD.

This coin is severely undervalued, not overpriced. Did you miss the train or something?

Nice pump!  

Not a pump, it's the truth. The underlying centralization problem will be fixed because both technologies will be incorporated into the wallet. The team is also solid, Microsoft OneDrive software engineer and two Ph.D. candidates in computational biology/engineering as opposed to randomcrapcoincloner17 with mad coin coding skillz.

[blizeH]

I think now it is overpriced... If it drop down back under previous price I start to think to buy some...

A common refrain on these forums 

What will happen is it will climb up to 50, then go back down to a 'cheap' 45 or so and he'll buy in, kicking himself for not getting in earlier

(or at least that's happened to me, plenty of times before)

[leckey]

Are there any VRC faucets? I been looking for a week now to find one and no luck.

Its not many people yet, but a few are checking out the FreeVeriCoin.com site and It would be nice to help get them to a faucet.

I have one at http://vrcfaucet.visitbit.com/ - I loaded it up with 900 VRC last week and it's all gone now, so faucet is dry - nobody donated to keep it alive.

Actually, as it turns out, faucet is no longer dry. Thank you to whoever donated.

[onsightit]

Quick question, I am new to staking. I started last night, and the time to my first interest payment has decreased by about 7 days in 14 hours or so. Can anyone explain what the process is used to determine the length until payout?

This is defined in the file bitcoingui.cpp in the qt folder of the source.  The way it's defined is as follows:

        unsigned nEstimateTime = nTargetSpacing * nNetworkWeight / nWeight;

        QString text;
        if (nEstimateTime < 60)
        {
            text = tr("%n second(s)", "", nEstimateTime);
        }
        else if (nEstimateTime < 60*60)
        {
            text = tr("%n minute(s)", "", nEstimateTime/60);
        }
        else if (nEstimateTime < 24*60*60)
        {
            text = tr("%n hour(s)", "", nEstimateTime/(60*60));
        }
        else
        {
            text = tr("%n day(s)", "", nEstimateTime/(60*60*24));
        }

nTargetSpacing is 1 minute (the blocktime).
nNetworkWeight is the current network stake weight.
nWeight is the the amount of coins you have eligible for staking.

So essentially the program estimates the time required for staking by looking at your coins, determining which ones can stake, and dividing it by the total network stake weight.

Thanks for digging into the code.  So is staking per address?  If all your coins are in one address, does it just speed up the interest payments?  I would assume the amount earned should be the same whether staking in one or multiple addresses.  Can someone confirm?

[thph]

love the idea, i´m backer nr.5

ok all the startjoin campaign for the Physical Vericoins is now active. Please go here to donate: https://www.startjoin.com/physvericoin
Don't forget to spread the word!!!

P.S. here is a link to a mock up of the coins to provide an idea of what the coins will look like, keep in mind this is a first draft and subject to change but should provide a good idea of how the coins will look https://imgur.com/a/7bA1I

Four backers already! keep it going guys!

[IanFoxley]

Are there any VRC faucets? I been looking for a week now to find one and no luck.

Its not many people yet, but a few are checking out the FreeVeriCoin.com site and It would be nice to help get them to a faucet.

I have one at http://vrcfaucet.visitbit.com/ - I loaded it up with 900 VRC last week and it's all gone now, so faucet is dry - nobody donated to keep it alive.

Actually, as it turns out, faucet is no longer dry. Thank you to whoever donated.

Pnosker filled it up for you!
https://bitcointalk.org/index.php?topic=602041.msg7549464#msg7549464

[buy4crypto]

Are there any VRC faucets? I been looking for a week now to find one and no luck.

Its not many people yet, but a few are checking out the FreeVeriCoin.com site and It would be nice to help get them to a faucet.

I have one at http://vrcfaucet.visitbit.com/ - I loaded it up with 900 VRC last week and it's all gone now, so faucet is dry - nobody donated to keep it alive.

Actually, as it turns out, faucet is no longer dry. Thank you to whoever donated.

Believe the dev did, I got you updated on FreeVeriCoin.com right now as the only faucet and my traffic been slowly increasing so that should send a few more your way as well. Will work on improvement and gathering more in the upcoming days, and years.

[Crindon]

During due diligence, institutional investors will want to know who the developers are for transparency, the sake of accountability, and competence assessment. They will want to know the first and last names of the developers, their past work and education history and current projects. A photograph of who the developers are would be nice too. This is all present in VRC. This coin has a lot of potential because of this.