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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1351068 times)
Kevondo
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June 30, 2014, 05:24:20 AM
 #5601

Here's the main thing I worry about- DRK is much further along in implementing decentralized anonymity than VRC is. Once they have it working, implementing "Darkbit" to imitate Veribit is a trivial thing for them to do. Could happen extremely quickly.

Whereas VRC will still be looking at a long, hard road to decentralized anonymity. DRK is doing they harder thing first, VRC is doing a lot of fast easy things first. The other problem is that DRK is much higher profile than VRC.

I like VRC, I like the team.  I'm glad they're open with their identities, and they seem able to handle things, if still a little rough around the edges.

But there's nothing certain here, and if they don't keep delivering, and delivering fast, and delivering on bigger things, another coin could still easily dominate this market.

There's big risks here, still.

Here's the thing that nobody is considering. Crypto will eventually be regulated by the government. California has enacted legislation that makes crypto legal. Canada is already starting to regulate companies that deal in crypto. Western Union recently stated that they will accept digital currency when (not if) it is regulated. As soon as crypto is regulated, anon will not be allowed. As a matter of fact, if crypto is ever classified as money instead of property, most systems of anon will become money laundering and become a Federal crime.

Anon is simply a short lived fad. Coins like VeriCoin can simply remove the option, but coins who have anon coded into the blockchain will require a hard fork.

I wouldn't be surprised if this happens before coins like DRK get their anon issues ironed out.

This is my personal opinion. I am not speaking for the VeriCoin team.

We'll said.

I do agree about the anonymous fad.  For crypto to be accepted here in the states it would have to be transparent. 
[/quote

Dev pnosker has said repeatedly that VeriCoin anon is not a priority for him and that it's likely absolute anon isn't  attainable anyway.

VeriCoin does have an anon capability but it is in response to what the end users R asking for not because he see it as something useful.

On a recent hangout he said and I quote him loosley " Anon is for those who have something to hide and I have nothing to hide"

Proponents of anon say it's a privacy issue. Do U believe them?

pnosker has also stated he wonders about the real demand for anon due to the fact that  VeriCoin's  Verisend anon feature is up and running and is hardly being used. I'm interested to C if that trend continues

pnosker please correct me if I'm telling tales out of school


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June 30, 2014, 05:40:59 AM
 #5602

I posted this on Vericoin Face book international but I can't get the link to work

so here it is.

Remember it's for FaceBook-- Newbies and all

AKA Kevondo, I'm  a Flower Power Guy, Ya know Peace,Love and Understanding. We were gonna change the world.

This is my first post to this page. It's much too long but I think the reader will come away with an understanding of what crypto Currencies R with a focus on VeriCoin. I ask for your indulgence.

 Music was a major catalyst for me. CS&N's implorational "Teach Your Children"  spoke to me with the line that you;
 "must have a code; you can live by".  
Tommy J's writing's assured me of my unalienable rights and thus was spawned "Kevondo's Rules".

They R many. They're always up for review, amendment, or disinclusion.
Here's a few:
                 "The Fat Lady never sings." (With apologies to Yogi Berra)
                          "All of Life is part of the Divine." (Hindu saying)
          " Life is not Fair. GET OVER IT!" ( C  "Eagles" tunes of same name)
                        
 IK'sHO The world is it's own dynamic engine and in a state of flux @ all times. What will never change is the "Human Condition", For me Maslow provides context.
 
http://eppicinc.files.wordpress.com/2007/10/maslowabc.jpg

Then....  (in no particular order of importance) there's what I call the Big 3. MONEY, SEX, & POWER.

Next come the issues. Again just a sampling: Racism, Women's Rights, the environment, Sexual Orientation, Tobacco use and on and on.

So what does this all have to do with VeriCoin?
  
 Kevondo's Rules include "Stay Current."

Take the "Integrated Circuit" (IC). Invented by Jack Kirby in 1958. The IC ended the 'Tyranny of Numbers" and opened  Pandora's Box. Consumers got their first real taste of them with the hand-held calculator in the late 60's early 70's. By the late 70's "The Woz" (Steve Wozniak) came out of his garage with the microcomputer.

Fast forward to 2014 and Crypto Currencies (CC's). The immensity of the leap from the first common use of IC's to CC's.occurred in less than 40 years. Try to stay current with that!

This "BitCoin (BTC) Stuff" intrigued and confounded me. I listened and read, finally  jumping into the pool this past April. I approached CC's as I would a Video Game  played with money.

What I found out was, somebody or some group of guys calling themselves Satoshi Nakamoto published a White Paper in 2008. Here's the White Paper. Read @ your own risk. It's a mind messer.

 https://mail.google.com/mail/u/0/ui=2&ik=4cb27d6977&view=att&th=146e89762872814b&attid=0.1&disp=inline&realattid=f_hx0lzkh80&safe=1&zw

The identity/identities of the author(s) is an ongoing mystery. BTC sprung from this publication and morphing resulted in Alternative Coins (ALT's)  all of which R CC's.

I would describe the CC World as a free for all between the  best/worst character traits of humanity. There is no regulating body. The only absolute is the Computer Code which needs to be given instructions. That's what Coin Developers (Dev's) do. Anyone can create a coin ( The Code is Open Source) and  It either works or doesn't. Then the free markets rules, and the game is on.

Anyone can play. U don't have to be a Dev. Coins can be bought and/or sold on the many exchanges which emulate the major stock exchanges. Except there R no rules. A MAJOR CAVEAT!!! LOL!

Besides purchasing coins outright. There r others ways to obtain them. The primary way is through cyber-mining.

A CC Dev creates a "Genesis Block".  Coins come into being as a Reward to computers/miners for helping find/solve a mathematical problem/ algorithm which finds the next "Block". After a Block is found it  has to be "Solved".
The Contributors/Workers/Miners get shares  of the "Block Reward" for Solving each Block commensurate with the amount of "HASH"/solving power generated by their "mining rig/computer" and "aimed" @ the Block  Chain (Each Block is linked to the previous one in numerical order forming a Chain of Blocks). Then another Block has to be "Found" by the miners and so on and so forth.

Coins R the Reward/Spoils of mining and r stored in cyber or paper "Wallets" where they are available for spending,exchanging, or staking      ( another long explanation I won't go into now).

If all this doesn't get your monkey ready to throw a wrench. Read on

So I started mining and trading. Playin' the game. It's a lot of fun. Addictive in the vein of all video games. I'm running up a huge sleep debt, and my head gets tired Like never before. Could be because I'm old!!!! LOL

BTC is The Gold Standard.Iit isn't going any where ( at least until VeriCoin gets up to speed LOL!) and there r many solid coins with honest Dev's
 
But I'm tellin' ya. The lying, cheating, thievery, scamming and deciet I'm found was disheartening. When I told a  friend I was gonna try mining he told me it was the "Wild West" and to watch out. I had no idea.

AND... there R'nt any sheriff's or conseqences. People spread Fear, Uncertainty, & Doubt ( FUD in the lexicon of Crypto-Speak) with innuendo, lies, false postings, personal attacks, and Character assassination.

People and Dev's all have screen names. aliases, and r impossible to identify. This only enables and emboldens the under handed. You can't tell who anyone really is.!!

Dev's just disappear, letting their coin die after selling off secret stashes they wrote into the code for themselves.

Don't get me wrong now. There's a upside here. Satoshi's creation was as much a philosophical solution to  the unremitting battle between humanity's dark side and the light and the way of peace and harmony. For me  Satoshi was espousing the Democratazation of commerce. Taking it out of the death grip the goverments, money lenders, bankers and credit card companies have on modern society and giving it back to the people.

But it's up to the Humans who R involved and when skullduggery is afoot, one numbskull can ruin everything and there r herds of these low roaders swarming around through the accounting journals that are Crypto  Currencies.

The way I'm playin' the game is by looking for Satoshi's Disciples. Dev's with a community around their coin who are on the "Light and the Way" Team.
I go about it by getting involved, and checking  it out making up my own mind and look to build a relationship with the Dev's and the followers. Kevondo's Rule for relationships states
" ...Trust is the prime ingredient"

I Believe I've found them. They R the VeriCoin Team.

Again just speaking for me. Statoshi  is the  Yoda of Crypto.

I C the three Developers of Vericoin as The Jedi Knights of the Crypto Universe.  Obiwan, Han Solo, and Luke,  Han's  donated the use of the Millenium Falcon so if U wanta'  visit the Deigaba System I'm sure they'd  be glad to drop U off on their way by. The rumor is Alpha Centuri is their first stop on the infinite expedition they're on. They R Boldly going.....

 Come and Join the VeriCoin Community. Everyone's welcome.

 To find out who the Dev's R in the real world.

Go Here  http://www.vericoin.info/   and Click on <Team>

The aren't hiding from anything or anyone. They're creating a new paradigm for us all. I call it "Satoshi's Template". But that's just me.  

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June 30, 2014, 05:47:28 AM
 #5603

I posted this on Vericoin Face book international but I can't get the link to work

so here it is.

Remember it's for FaceBook-- Newbies and all

AKA Kevondo, I'm  a Flower Power Guy, Ya know Peace,Love and Understanding. We were gonna change the world.

This is my first post to this page. It's much to long but I think the reader will come away with an understanding of what crypto Currencies R with a focus on VeriCoin. I ask for your indulgence.

 Music was a major catalyst for me. CS&N's implorational "Teach Your Children"  spoke to me with the line hat you;
 "must have a code; you can live by".  
Tommy J's writing's assured me of my unalienable rights and thus was spawned "Kevondo's Rules".

They R many. They're always up for review, amendment, or disinclusion.
Here's a few:
                 "The Fat Lady never sings." (With apologies to Yogi Berra)
                          "All of Life is part of the Divine." (Hindu saying)
          " Life is not Fair. GET OVER IT!" ( C  "Eagles" tunes of same name)
                        
 IK'sHO The world is it's own dynamic engine and in a state of flux @ all times. What will never change is the "Human Condition", For me Maslow provides context.
 
http://eppicinc.files.wordpress.com/2007/10/maslowabc.jpg

Then....  (in no particular order of importance) there's what I call the Big 3. MONEY, SEX, & POWER.

Next come the issues. Again just a sampling: Racism, Women's Rights, the environment, Sexual Orientation, Tobacco use and on and on.

So what does this all have to do with VeriCoin?
  
 Kevondo's Rules include "Stay Current."

Take the "Integrated Circuit" (IC). Invented by Jack Kirby in 1958. The IC ended the 'Tyranny of Numbers" and opened  Pandora's Box. Consumers got their first real taste of them with the hand-held calculator in the late 60's early 70's. By the late 70's "The Woz" (Steve Wozniak) came out of his garage with the microcomputer.

Fast forward to 2014 and Crypto Currencies (CC's). The immensity of the leap from the first common use of IC's to CC's.occurred in less than 40 years. Try to stay current with that!

This "BitCoin (BTC) Stuff" intrigued and confounded me. I listened and read, finally  jumping into the pool this past April. I approached CC's as I would a Video Game  played with money.

What I found out was, somebody or some group of guys calling themselves Satoshi Nakamoto published a White Paper in 2008. Here's the White Paper. Read @ your own risk. It's a mind messer.

 https://mail.google.com/mail/u/0/ui=2&ik=4cb27d6977&view=att&th=146e89762872814b&attid=0.1&disp=inline&realattid=f_hx0lzkh80&safe=1&zw

The identity/identities of the author(s) is an ongoing mystery. BTC sprung from this publication and morphing resulted in Alternative Coins (ALT's)  all of which R CC's.

I would describe the CC World as a free for all between the  best/worst character traits of humanity. There is no regulating body. The only absolute is the Computer Code which needs to be given instructions. That's what Coin Developers (Dev's) do. Anyone can create a coin ( The Code is Open Source) and  It either works or doesn't. Then the free markets rules, and the game is on.

Anyone can play. U don't have to be a Dev. Coins can be bought and/or sold on the many exchanges which emulate the major stock exchanges. Except there R no rules. A MAJOR CAVEAT!!! LOL!

Besides purchasing coins outright. There r others ways to obtain them. The primary way is through cyber-mining.

A CC Dev creates a "Genesis Block".  Coins come into being as a Reward to computers/miners for helping find/solve a mathematical problem/ algorithm which finds the next "Block". After a Block is found it  has to be "Solved".
The Contributors/Workers/Miners get shares  of the "Block Reward" for Solving each Block commensurate with the amount of "HASH"/solving power generated by their "mining rig/computer" and "aimed" @ the Block  Chain (Each Block is linked to the previous one in numerical order forming a Chain of Blocks). Then another Block has to be "Found" by the miners and so on and so forth.

Coins R the Reward/Spoils of mining and r stored in cyber or paper "Wallets" where they are available for spending,exchanging, or staking      ( another long explanation I won't go into now).

If all this doesn't get your monkey ready to throw a wrench. Read on

So I started mining and trading. Playin' the game. It's a lot of fun. Addictive in the vein of all video games. I'm running up a huge sleep debt, and my head get tired.LIke never before. Could be because I'm old!!!! LOL

BTC is The Gold Standard.Iit isn't going any where ( at least until VeriCoin gets up to speed LOL!) and there r many solid coins with honest Dev's
 
But I'm tellin' ya. The lying, cheating, thievery, scamming and deciet I'm found was disheartening. When I told a  friend I was gonna try mining he told me it was the "Wild West" and to watch out. I had no idea.

AND... there R'nt any sheriff's or conseqences. People spread Fear, Uncertainty, & Doubt ( FUD in the lexicon of Crypto-Speak) with innuendo, lies, false postings, personal attacks, and Character assassination.

People and Dev's all have screen names. aliases, and r impossible to identify. This only enables and emboldens the under handed. You can't tell who anyone really is.!!

Dev's just disappear, letting their coin die after selling off secret stashes they wrote into the code for themselves.

Don't get me wrong now. There's a upside here. Satoshi's creation was as much a philosophical solution to  the unremitting battle between humanity's dark side and the light and the way of peace and harmony. For me  Satoshi was espousing the Democratazation of commerce. Taking it out of the death grip the goverments, money lenders, bankers and credit card companies have on modern society and giving it back to the people.

But it's up to the Humans who R involved and when skullduggery is afoot, one numbskull can ruin everything and there r herds of these low roaders swarming around through the accounting journals that are Crypto  Currencies.

The way I'm playin' the game is by looking for Satoshi's Disciples. Dev's with a community around their coin who are on the "Light and the Way" Team.
I go about it by getting involved, and checking  it out making up my own mind and look to build a relationship with the Dev's and the followers. Kevondo's Rule for relationships states
" ...Trust is the prime ingredient"

I Believe I've found them. They R the VeriCoin Team.

Again just speaking for me. Statoshi  is the  Yoda of Crypto.

I C the three Developers of Vericoin as The Jedi Knights of the Crypto Universe.  Obiwan, Han Solo, and Luke,  Han's  donated the use of the Millenium Falcon so if U wanta'  visit the Deigaba System I'm sure they'd  be glad to drop U off on their way by. The rumor is Alpha Centuri is their first stop on the infinite expedition they're on. They R Boldly going.....

 Come and Join the VeriCoin Community. Everyone's welcome.

 To find out who the Dev's R in the real world.

Go Here  http://www.vericoin.info/   and Click on <Team>

The aren't hiding from anything or anyone. They're creating a new paradigm for us all. I call it "Satoshi's Template". But that's just me.  


Seriously Dude, you 'need' to watch the last few minutes of this German YouTube Video: https://www.youtube.com/watch?v=UMOPtIryZro

9m35s forward.

portdavenport
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June 30, 2014, 06:01:33 AM
 #5604

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?

You do use VeriCoin anywhere Bitcoin is accepted. Right from your wallet. You don't waste your time changing VeriCoin into Bitcoin or Bitcoin into USD or anything like that. You enter the Bitcoin address into your wallet and push send. That is innovation. If you can't see that, you are blind and there is nothing more we can say. You will continue in your ignorance and we will continus to spend VeriCoin anywhere Bitcoin is accepted.

Cheers.

Cool, I'll continue to spend the other 10 alts I own anywhere bitcoin is accepted as well, by trading them for btc, just like veribit does. Enjoy your gimmick for the p&d.
Why don't you go down to your local grocery store and tell them what a bunch of bullcrap marketing gimmick pump and dump schemes they have going on!!  CAN'T YOU JUST GO FARM YOUR OWN FOOD!??!  Why go through THEM?!?!  It couldn't POSSIBLY be for the CONVENIENCE of them doing all the work for you... right?!?!  What kind of innovation do they REALLY offer you over the other grocery store?!?!  SCAMMERS!!!!!!!!!!

i lold.

surprised anybody took his flawed logic seriously.  Roll Eyes

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June 30, 2014, 06:12:57 AM
 #5605

Bitcoin edging back up after the down period.

It'll be interesting to see in the long term how Vericoin prices react alongside Bitcoin. Seeing as Vericoin leverages part of Bitcoin's glory with Verisend, there should be some correlating price action.

EDIT: Veribit

                                                                               
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June 30, 2014, 06:19:10 AM
 #5606

The price has been moving with the market all day seems to be in a stable place atm
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June 30, 2014, 06:24:02 AM
 #5607

Ya man that's fertile ground for crypto. As a matter of fact the site  moderator  https://www.facebook.com/groups/vericoin.international/   commented and asked me not to mention politics.I think he's in Portugal. So he's probably nervous about being responsible for the sites' content.

Germans r proactive. Glad u put me on to it

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June 30, 2014, 06:57:40 AM
 #5608

Bitcoin edging back up after the down period.

It'll be interesting to see in the long term how Vericoin prices react alongside Bitcoin. Seeing as Vericoin leverages part of Bitcoin's glory with Verisend, there should be some correlating price action.

EDIT: Veribit

Whoa, what the hell BTC? That's kind of a sudden jump.
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June 30, 2014, 07:06:36 AM
 #5609

The price has been moving with the market all day seems to be in a stable place atm

You used to be able to depend on LTC as a multiplier for BTC.  It went up or down more than BTC itself did.  But now it's kinda stuck in the mud, and none of the other cryptos have really replaced it yet.

If we saw another bubble-sized rally, though, I think the leading cryptos would rise even faster than BTC, as happened last November.
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June 30, 2014, 08:17:38 AM
 #5610

Just drifted easily right into the up-zone following the latest correction.

Dedicated team with top communication skills, plenty of development, news and events in the pipeline, small market cap...

 Cool




                                                                               
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.◆ ◆ ◆ ONE TOKEN TO MOVE ANYTHING ANYWHERE ◆ ◆ ◆.
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June 30, 2014, 08:36:17 AM
 #5611

Here's the main thing I worry about- DRK is much further along in implementing decentralized anonymity than VRC is. Once they have it working, implementing "Darkbit" to imitate Veribit is a trivial thing for them to do. Could happen extremely quickly.

Whereas VRC will still be looking at a long, hard road to decentralized anonymity. DRK is doing they harder thing first, VRC is doing a lot of fast easy things first. The other problem is that DRK is much higher profile than VRC.

I like VRC, I like the team.  I'm glad they're open with their identities, and they seem able to handle things, if still a little rough around the edges.

But there's nothing certain here, and if they don't keep delivering, and delivering fast, and delivering on bigger things, another coin could still easily dominate this market.

There's big risks here, still.

Here's the thing that nobody is considering. Crypto will eventually be regulated by the government. California has enacted legislation that makes crypto legal. Canada is already starting to regulate companies that deal in crypto. Western Union recently stated that they will accept digital currency when (not if) it is regulated. As soon as crypto is regulated, anon will not be allowed. As a matter of fact, if crypto is ever classified as money instead of property, most systems of anon will become money laundering and become a Federal crime.

Anon is simply a short lived fad. Coins like VeriCoin can simply remove the option, but coins who have anon coded into the blockchain will require a hard fork.

I wouldn't be surprised if this happens before coins like DRK get their anon issues ironed out.

This is my personal opinion. I am not speaking for the VeriCoin team.

but how can government prohibit using anon altcoins? It lasted several years to close down Silkroad - but it was 1 shop and 1 man DPR (and he was caught only because he made human "faults" and paid that murder - if he wouldnot do such stupidities, I think they could catch him...)
And if tens of thousands or even million of people will be using anon altcoins in US and tens of million worldwide how can you prohibit it?
In short term probably yes but not very precisely but in longer term like years you cannot destroy anon altcoins.
I think it is not ch.porn or this stuff and people are not blind, all people who are already using anon altcoins now would be maybe even more enthusiastic then if somebody/government tries to criminalize it.
Sure it would have impact on price, price would get down but I than I and surely many other people would start buying it because I believe in coins like VRC.

Well when I think about this, I guess anon devs would have opportunity since nobody knows them. But VRC devs will be easy to trace so they will be first who would be harmed by some kind of regulations and thus such coin might be very volatile in price....
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June 30, 2014, 08:41:42 AM
 #5612

Hey Guys/Gals.

I am offering 50 VRC ($14 worth) free to anyone who can make a good you tube video showing how easy it is to pay with Veribit using the new vericoin wallet.

We need more videos like this on you tube, to spread the word to the masses!

In other languages will be perfect.   Message me.


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June 30, 2014, 08:46:07 AM
 #5613

The price has been moving with the market all day seems to be in a stable place atm

You used to be able to depend on LTC as a multiplier for BTC.  It went up or down more than BTC itself did.  But now it's kinda stuck in the mud, and none of the other cryptos have really replaced it yet.

If we saw another bubble-sized rally, though, I think the leading cryptos would rise even faster than BTC, as happened last November.

I am sure it will be a rally sometimes this year, I already prepared my bicycle and my helmet cause I am sure it will be creepy and dangerous hill
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June 30, 2014, 08:48:49 AM
 #5614

Personally i think alt crypto's survive in the future because they are anonymous. If everything gets regulated like the US wants, the whole idea behind crypto currency vanishes. And the US can regulate what they want, their terms is not going to overrule the rest of the world. Not this time. It sucks for the people who are living in the US, but the rest of the world stays anonymous. There will always be one country or state which does not want to regulate alt crypto's, so all hosting, planning etc. will be moved to that particular country.

Crypto currencies is based on anonymity.

Need BadAss Bulletproof VPS or Bulletproof VPN or why not just mail safe with Safe-Mail. We care about your privacy.
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June 30, 2014, 08:53:38 AM
 #5615


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.

BTC is the same like windows - its a piece of shit but everybody uses it everyday so you must as well. Masses don't use Linux or Esperanto but windows and English.
Its that simply.
the only reason is that BTC was here as first. I think most innovations can be incorporated and implemented backwards to bitcoin even it will be a huge pain like downloading windows updates everyday. but I think you cannot do anything with this.
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June 30, 2014, 09:00:22 AM
 #5616

If we break the 50k resistance we will be offcially be out of the pump n dump downt trend Wink

OBJECT NOT FOUND
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June 30, 2014, 09:07:05 AM
 #5617

Personally i think alt crypto's survive in the future because they are anonymous. If everything gets regulated like the US wants, the whole idea behind crypto currency vanishes. And the US can regulate what they want, their terms is not going to overrule the rest of the world. Not this time. It sucks for the people who are living in the US, but the rest of the world stays anonymous. There will always be one country or state which does not want to regulate alt crypto's, so all hosting, planning etc. will be moved to that particular country.

Crypto currencies is based on anonymity.

Bad, bad, bad is anon in real world. Ok maybe good for thieves, and criminals. More people, devs, hacker scam and steal in crypto world. More people want anon, really?
Wouldn't you like those boys can be traced, prosecuted and arrested. If you have nothing to hide and have good intention why anon?. You can for sure use TOR if you want.
But really, i would like those people being caught and doing jail time if they  scam and steal in crypto.
Would you like those whales, P&D teams and market manipulators being removed from crypto market. Let them try doing that in real market, they will be like Madoff doing jail.

To get crypto currency to financial institutions all over the world, it need's to be regulated and protected.


You can't ask for anon and at the same time cry about whales, scamers, p&d group. You want them to hide and never to be found even more.

Anon it's just a hype word, when this thing sings out in couple of months, some new thing somebody will give crypto, will be the next hype. Two years we are having hype words, as best new thing. Nobody even remembers what was the hype word 6 month's ago.

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June 30, 2014, 09:12:48 AM
 #5618

Quote
Pizza cool!
Now buy a hooker!  Grin

imagine that you come up to a hooker and she says : 120VRC for a BJ and you take out your phone and scan the QR code . Grin

imagine that she would say send me 0.00569842 VRC for a BJ
and you say, lets make it 0.006 baby and she replies: I love you honey, you're so sweet and generous, wanna buy me for the whole night dude?....
but you reply: sorry babe, don't have time, I am already booked to choose my new lamborgini. But how about a weekend with me at Bali next week ?
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June 30, 2014, 09:21:15 AM
 #5619

If we break the 50k resistance we will be offcially be out of the pump n dump downt trend Wink

Don't know if you noticed but there is no downtrend

                                                                               
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.◆ ◆ ◆ ONE TOKEN TO MOVE ANYTHING ANYWHERE ◆ ◆ ◆.
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June 30, 2014, 09:29:33 AM
 #5620

One question about VeriBit:

If the markets starts to crash, and ppl will liquidate vrc to btc through the veribit, will the btc buffer take market depth into account or can i get a better price of my VRC via veribit in a fast declining market? That would make the buffer bleed.

Edit:
Thinking of this some more. If we have a crashing market, veribit makes it even easier for users to dump VRC directly from wallet and you will probably get a better price than transferring to exchange, waiting for confirmation and trading.
This would accelerate the crash and bleed out the veribit buffer.
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