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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1349954 times)
cryptodevil
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June 26, 2014, 03:31:31 PM
 #4521

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.


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June 26, 2014, 03:38:46 PM
 #4522

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... Smiley look @ red candle on MP....

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June 26, 2014, 03:40:40 PM
 #4523

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.

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CryptoLTD
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June 26, 2014, 03:45:03 PM
 #4524

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.
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June 26, 2014, 03:52:42 PM
 #4525

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
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June 26, 2014, 03:57:32 PM
 #4526

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... Smiley 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.

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June 26, 2014, 03:59:42 PM
 #4527

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

http://www.gameofdice.com/VRC

1% House Edge
Quick Payouts

Smiley
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June 26, 2014, 04:00:10 PM
 #4528

Does anyone know when the exact payout from Vericoin pool ?
mouseman
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June 26, 2014, 04:07:33 PM
 #4529

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
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June 26, 2014, 04:11:45 PM
 #4530

Does anyone know when the exact payout from Vericoin pool ?

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

VRC: VMTMcvFjZHAshmVNLY5KYVHCTqcfEnH6Bd  SLR: 8W7D6D7rortYp51BK9MSrfripSoZWyVPVr  BTC: 1LbgAsTDtyWEGjiSaguJhJbaHBPgcMnHfP  BCC: 1Ta39PK67VXTD2xnmPNo5J9KJyBVHdYmy
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June 26, 2014, 04:14:18 PM
 #4531

Does anyone know when the exact payout from Vericoin pool ?

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

thanks... Roll Eyes
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June 26, 2014, 04:42:42 PM
 #4532

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.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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June 26, 2014, 04:45:29 PM
 #4533



Probably not a bad idea to pick up as many VRC as you can in the next two days. Heh. Heh. Heh.
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June 26, 2014, 04:45:53 PM
 #4534

I would like to personally thank anyone who may be selling VRC for the past hour.
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June 26, 2014, 04:48:37 PM
 #4535

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.
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June 26, 2014, 05:07:23 PM
 #4536

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!

VRC: VMTMcvFjZHAshmVNLY5KYVHCTqcfEnH6Bd  SLR: 8W7D6D7rortYp51BK9MSrfripSoZWyVPVr  BTC: 1LbgAsTDtyWEGjiSaguJhJbaHBPgcMnHfP  BCC: 1Ta39PK67VXTD2xnmPNo5J9KJyBVHdYmy
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June 26, 2014, 05:24:48 PM
 #4537

5,201.99 VRC wagered in 9591 bets @ https://vericoindice.com
Crindon
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June 26, 2014, 05:51:30 PM
 #4538

Probably expecting 60,000 - 70,000 satoshis by Saturday.
Bitcycle
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June 26, 2014, 05:54:41 PM
 #4539

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.

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June 26, 2014, 05:56:26 PM
 #4540

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

VRC Address: VBuHkaFhuUzWzhvyaHuyBv2ddDKVpDgwBF
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