criptix
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June 30, 2014, 03:35:37 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
Again, how is veribit different than me taking another coin, say DRK, and exchanging it for btc on mintpal to make a purchase? Veribit doesn't revolutionize anything. And guess what, both methods will take a similar amount of time and effort to make a purchase. But Veribit has a 1 btc max right?... Veribit is a gimmick and nothing more. In fact, veribit is harmful. The more people use veribit, the more VRC will be dumped into the markets (as it is being exchanged for btc to make the purchase), only dragging down the price. Looks like vericoin has invented the ultimate dumping machine as it becomes increasingly more "popular." mate where do the vrc come that they need to use veribit? 
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lootz
Legendary
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Activity: 806
Merit: 1000
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June 30, 2014, 03:35:53 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
Again, how is veribit different than me taking another coin, say DRK, and exchanging it for btc on mintpal to make a purchase? Veribit doesn't revolutionize anything. And guess what, both methods will take a similar amount of time and effort to make a purchase. But Veribit has a 1 btc max right?... Veribit is a gimmick and nothing more. Because the easier it is to use the faster it will be adapted, trying to get an old person or non trech savy person to sign up for an exchange let alone use it is very difficult. Not sure why I am replying to you, you are just a big bag-holder and here to FUD. Every time I see you post its the same skeptic criticism. If you do not like this coin then leave no one wants you here. Maybe you should look into server storage for that big bag of BC your holding.
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sdmathis
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June 30, 2014, 03:37:26 AM |
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Gotto admit I was skeptical until I saw verisend work a few times. I'll be buying now as we go up
Verisend is both trusted and centralized (as opposed to trustless and decentralized). In other words, it's a completely worthless anonymity solution. AKA, it's a gimmick, kind of like how veribit is a gimmick, just in a different sort of way. Thanks for the FUD... The Devs have already stated that they are working on complete decentrialized system for Verisend and Veribit. Tell me how its a gimmick, where can I you spend your Dark, XC, Monero, Black, Peer, NXT, NEM? Don't give me 3-5 websites either! Now where can I spend my Vericoin? Oh right....anywhere Bitcoin is! Vericoin = Checkmate other shitcoins! Tell me why I would use VRC to purchase something when I can use bitcoin? All veribit does is allow someone to exchange VRC for btc on their website as opposed to doing so on an exchange. It doesn't get more gimmicky than that. The price of this coin is ridiculously inflated. There is nothing truly innovative that VRC offers. Again your missing the point...what is the point of the other alts? You can't use them for what they are made for...as a means of trade or exchange! Reason being they don't have the market share Bitcoin does. Vericoin gets around this by being able to use the market share of Bitcoin...huge market share. This is just the beginning of this coin...more innovation to come! If these guys can come up something truly new and functional, what else can they come up with!! Exactly. Crypto is supposed to be an alternative currency. It's supposed to be money. Most coins fail in this area however. Bitcoin is money. Litecoin, Doge, Blackcoin, and VeriCoin are all real money because they can be spent for goods and services. Most other coins fail as currency. If it can't be spent, it's not real money.
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sdmathis
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June 30, 2014, 03:39:24 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
Again, how is veribit different than me taking another coin, say DRK, and exchanging it for btc on mintpal to make a purchase? Veribit doesn't revolutionize anything. And guess what, both methods will take a similar amount of time and effort to make a purchase. But Veribit has a 1 btc max right?... Veribit is a gimmick and nothing more. In fact, veribit is harmful. The more people use veribit, the more VRC will be dumped into the markets (as it is being exchanged for btc to make the purchase), only dragging down the price. Looks like vericoin has invented the ultimate dumping machine as it becomes increasingly more "popular." VeriCoin is not a stock. It is money, and money is useless unless it is spent.
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Crindon
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June 30, 2014, 03:43:59 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky?
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lootz
Legendary
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Activity: 806
Merit: 1000
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June 30, 2014, 03:45:17 AM |
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This is just the calm before the storm
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GridWorker
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June 30, 2014, 03:50:36 AM |
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Hey everyone, I am totally new in altcoin world.
Is the VRC availability going to have a side effect of bringing BTC to more people as well? Sort of boosting two coins simultaneously? Just wondering if I am understanding this correctly.
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vrc: VBL3M6EzwcYZWeuDpgjG9bDQzTKb4ydiDy
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Autodidact
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June 30, 2014, 03:52:06 AM |
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A gigantic push for most alternative crypto-currencies is "merchant adoption" so that you can use the dang things outside of crypto exchanges and a couple random host services/online hot sauce vendors... VeriCoin solves that problem in it's own wallet RIGHT NOW. It's a building-block to support the network of users. You can't just build a huge support network of vendors over night, until you implement a feature such as this!! In the future, the hope is that more and more vendors will accept VeriCoin directly, but for the time being, this is an amazing way of getting around that issue!
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pratico
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June 30, 2014, 03:52:53 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform, and also is backed by a legit dev team, is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products.
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sdmathis
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June 30, 2014, 03:55:57 AM |
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Hey everyone, I am totally new in altcoin world.
Is the VRC availability going to have a side effect of bringing BTC to more people as well? Sort of boosting two coins simultaneously? Just wondering if I am understanding this correctly.
I would agree with that. Bitcoin has a huge monopoly when it comes to digital currency, so much of what we do with VeriCoin (and other altcoins) often involves Bitcoin. Part of VeriCoin's targeted demographic are those new to digital currency, so any new people becoming involved with VeriCoin will most likely become involved with Bitcoin to some extent. In a nutshell, VeriCoin's success benefits Bitcoin.
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Autodidact
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June 30, 2014, 03:57:47 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there!
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sdmathis
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June 30, 2014, 03:59:03 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. You are joking. Right. Almost ALL altcoins have a technological advantage over Bitcoin. The only thing Bitcoin has going for it is it's monopoly of cryptocurrency. As that disappears over time, so will Bitcoin.
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pratico
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June 30, 2014, 04:01:47 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not?
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HoodRich
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June 30, 2014, 04:03:50 AM |
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This is just the calm before the storm
I 100% agree with you. No one knows the future, as in exact date. However, I believe we are going to see a huge Blast off that will send all the other alts crashing. When the dust settles, Vericoin will be #2 and will have reached a 1billion market cap, before settling back in to a range. Why do I say this? Because, no other coin is even close. Not even LTC. These continued Pump and Dumps of Alts are driving people to quality. Once the Positive feed back loop starts (with the pricing going parabolic), there will be little stoping VRC. I am not a cheerleader, but really what other coin is better at this point? List them below: 1. Let us know where we can use them. 2. Tell us about the dev team. 3. Can we buy them from our wallets? 4. Does there technology work? 5. What is there roadmap for mass adoption? If you are going to try to poke holes in VRC, let us now where we can make some money in July 2014... 
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lootz
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Activity: 806
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June 30, 2014, 04:04:32 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with VRC, which is trade for btc to make a purchase... Can I not? no you cannot do that as easily as you can with vericoin... lol nice try
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sdmathis
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June 30, 2014, 04:07:50 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others.
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pratico
Newbie
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Activity: 28
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June 30, 2014, 04:10:32 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like "use VRC anywhere btc is accepted" is unique to VRC. But we just both agreed any altcoin can be used to get the same end result that veribit gives. How is this not a marketing gimmick then?
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MAD945
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June 30, 2014, 04:12:35 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like it's something unique to VRC. How is this not a marketing gimmick? Sorry Guys...this ones not getting it! I think this ones broken...
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pb2014
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June 30, 2014, 04:18:15 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like "use VRC anywhere btc is accepted" is unique to VRC. But we just both agreed any altcoin can be used to get the same end result that veribit gives. How is this not a marketing gimmick then? Soon you will be able to exchange USD to Vericoin through the wallet. Everything will be done through the wallet. No need to make exchange accounts. Can it not be any more convenient than that? Also being able to send Vericoin through SMS is going to be huge. Especially in third world countries many people do not have computers but they have cellphones.
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lootz
Legendary
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June 30, 2014, 04:18:25 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products. You can keep mentioning DRK and XC, and you could even talk about NXT and Monero for their innovative technologies (and there's more to that list)... but at the end of the day, crypto currency needs to be functional, easy to use, and fairly distributed. There are a ton of problems for every single crypto currency that can be talked about right now, and I hope you don't disagree, because that would be insane. None of these technologies are ready for mass adoption/usage, but we are working to get there! VRC seems to be a solid coin with a solid dev team. I'm not saying sell, I'm just saying veribit is not that great, IMO. Ultimately, I can do the same thing with any other altcoin as I can do with veribit, which is trade for btc to make a purchase... Can I not? Nobody is disputing that. If you want to take the time, sure, why not. You'll save yourself a few pennies. As for me, I like the convenience, and judging from public reaction, so do many others. Ya but the way you guys are marketing it is like its pure innovation, "use VRC anywhere btc is accepted," well, according to my previous statement, which you just agreed with, this same statement can thus be made of every altcoin. But VRC is acting like it's something unique to VRC. How is this not a marketing gimmick? Sorry Guys...this ones not getting it! I think this ones broken... + 1000000000 agreed send him back for reprocessing 
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