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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1348771 times)
patronis
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June 30, 2014, 08:58:17 PM
 #5801

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Will it go back to 50K?

offcourse 50k with these pumpers is 30sec and its up there. i think we will see 52 in a while , i was exaclly right 2 times today lets see if i can go 3 times  Grin
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June 30, 2014, 08:59:05 PM
 #5802

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Will it go back to 50K?

offcourse 50k with these pumpers is 30sec and its up there. i think we will see 52 in a while , i was exaclly right 2 times today lets see if i can go 3 times  Grin

At 52k this would be with all adjusted prices a new high, or roughly in that area due to the bitcoin price appreciation in past couple hours.

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patronis
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June 30, 2014, 09:03:21 PM
 #5803

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Whats scary to me is. A friend I was talking with today heard me say he could use a credit card and get access to bitcoin markets. Within a few days that will be +1 new BITCOIN / VERICOIN investor. Only reason he hadn't prior to this was not wanting to set up a bank account.

If a random friend of mine just up and buys 2-3 bitcoins through VeriCoin wallet and keeps them for years. How will that effect demand? What if many others out there are in the same boat? He is the type to hold for years. I am helping him make a wallet in a few days once the integrated CC option is availible.

Pretty nuts to be in any other crypto right now.

It is everything bitcoin can be, and more. It can also be a viable option for people seeking functionality. Apple makes nice products, but they make them functional.



Why has no crypto competed with Bitcoin yet IMO? Its functionality. Everyday people don't want to mine crypto, they want its functionality.

All these other cryptos are focussed on the wrong things IMHO.

VeriCoin is special, with special people involved. Big mistake to underestimate this coin.

Remember myspace.com the king of social media, it was cool and very popular once priced @350mil$ an then came facebook.com .Everything and everyone is replaceble my friend , its like the conversation i had with my friend who is a miner. I said Nvidia is the biggest supplier of GPUS it will think something up to compete with AMD to do mining and he said NOWAY miners use AMD fuck nvidia and now......he has 30 gtx 750ti Smiley
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June 30, 2014, 09:05:10 PM
 #5804


I think if you actually cared you would have PMed me by now to discuss your concerns with me. The fact that you haven't... despite replying several times, shows you don't ACTUALLY care about crypto in general but want to FUD VeriCoin. Our IIS server is very secure. You can say all you want but patched MS servers are secure.

+1 - Been running several for years. It's just like anything else in the computer industry, you can't "set it and forget it" you have admin the box which I'm sure will not be a problem here...

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June 30, 2014, 09:17:53 PM
 #5805

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Will it go back to 50K?

offcourse 50k with these pumpers is 30sec and its up there. i think we will see 52 in a while , i was exaclly right 2 times today lets see if i can go 3 times  Grin

But it's worth keeping an eye on the lower trend because with that and slippage a trader might find themselves unable to buy back in without a loss.

                                                                               
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June 30, 2014, 09:18:17 PM
 #5806

Well... nice reload!  Grin
patronis
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June 30, 2014, 09:24:08 PM
 #5807

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But it's worth keeping an eye on the lower trend because with that and slippage a trader might find themselves unable to buy back in without a loss.

true but even lets says someone bought @55654 and now comes the cry it still ok , i can bet him 1btc that he will make money probably in the next 24h-48h thats for sure , unless there is somehow a huge scandal involved with the devs , project dies or major fraud, but thats not happenig. Its just these days people forgot about patience and want a million VRC in an hour.  Grin
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June 30, 2014, 09:24:13 PM
 #5808

Only 48516 vrc outside of top 1000 wallets (top 1k has 99.82% of all coins)

Its a bit weird that the distribution has not changed at all even if vrc has these high volume days. Left hand to right hand trades to get volume up? AKA. manipulation
http://chainz.cryptoid.info/vrc/#!rich

You do relealize that a lot of those wallets are on exchanges...there might be some manipulation but not as much some other alt-coins
Yes i do, that's why I said that it is weird that it hasn't CHANGED
No new wallets created with any vrc in them
Was 2000 wallets roughly before this big run got started, during that week about 500 where created, then in past week we jumped to 4200 wallets.

I have a wallet, I have 1 VRC in it. You got people with 500k+ in top 10. It makes complete sense. Most coins are about same numbers.
Ok tbh the top 1k wallets held 99.93% of coins 2 weeks ago and now only 99.82%. My bad
Are you a troll who is butthurt he's not long this coin or just retarded.  Virtually every single virtual currency has 99% of the coins in the top 1000 wallets!!  This is because there's just not alot of people in crypto.  Now quit being a dumbass and go try to FUD your illogical BS somewhere else.
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June 30, 2014, 09:24:48 PM
 #5809

Will Vericoin pay taxes and will that be public record?

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patronis
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June 30, 2014, 09:45:14 PM
 #5810

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Will it go back to 50K?

offcourse 50k with these pumpers is 30sec and its up there. i think we will see 52 in a while , i was exaclly right 2 times today lets see if i can go 3 times  Grin

here you go sir just like i predicted 3 time today?
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June 30, 2014, 09:48:04 PM
 #5811

Will Vericoin pay taxes and will that be public record?

State and local revenue (income) taxes

Again, there's no general rule that applies in every state and city. Sometimes all nonprofit income is exempt. Sometimes it matters how the income was earned, or what it's for. Sometimes the state or local rules parallel the federal tax statutes; sometimes they are completely different.

So I guess we need to establish what state VeriCoin is centralized in. That is hard to do however, as it doesn't reside anywhere.

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June 30, 2014, 09:49:11 PM
 #5812

Will Vericoin pay taxes and will that be public record?

i think as long as bitcoin does it, vericoin is good to go  Wink

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June 30, 2014, 09:50:07 PM
 #5813

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.


Anyone?

To add to this:
If i think price is falling, i can open up a veribit address for my mintpal btc deposit address and wait. If price drops, i can sell my vrc for the price 15 minutes ago and buy back lower. If it doesn't, i can just cancel the transaction.

Or have I misunderstood? Looks like bear market trading without risk. Of course it will consume the btc buffer in veribit
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June 30, 2014, 09:52:28 PM
 #5814

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.


Anyone?

To add to this:
If i think price is falling, i can open up a veribit address for my mintpal btc deposit address and wait. If price drops, i can sell my vrc for the price 15 minutes ago and buy back lower. If it doesn't, i can just cancel the transaction.

Or have I misunderstood? Looks like bear market trading without risk. Of course it will consume the btc buffer in veribit

Once you are in the blockchain its irreversible. If you where to cancel it prior. No orders would executed at that time.

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June 30, 2014, 09:56:45 PM
 #5815

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.


Anyone?

To add to this:
If i think price is falling, i can open up a veribit address for my mintpal btc deposit address and wait. If price drops, i can sell my vrc for the price 15 minutes ago and buy back lower. If it doesn't, i can just cancel the transaction.

Or have I misunderstood? Looks like bear market trading without risk. Of course it will consume the btc buffer in veribit

Once you are in the blockchain its irreversible. If you where to cancel it prior. No orders would executed at that time.

I understood the veribit address is active for 15 minutes based from the price of vrc from the time you open up the veribit address
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June 30, 2014, 10:11:01 PM
 #5816

Will Vericoin pay taxes and will that be public record?

i think as long as bitcoin does it, vericoin is good to go  Wink

My concern is whoever controls VeriFund has to pay taxes. Everytime someone uses VeriSend, Veribit, or in the future pay with credit card is a taxable event. I'm not 100% sure how Verisend works, but changing Vericoins to BTC is technically a taxable event. Buying VRC with credit cards in the future definitely will be.

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June 30, 2014, 10:13:01 PM
 #5817

Will Vericoin pay taxes and will that be public record?

i think as long as bitcoin does it, vericoin is good to go  Wink

My concern is whoever controls VeriFund has to pay taxes. Everytime someone uses VeriSend, Veribit, or in the future pay with credit card is a taxable event. I'm not 100% sure how Verisend works, but changing Vericoins to BTC is technically a taxable event. Buying VRC with credit cards in the future definitely will be.

Are you a tax professional?

Or are you assuming this? What is your background in this field?

I'll say it again, here are tax laws im assuming you feel are being violated.



State and local revenue (income) taxes

Again, there's no general rule that applies in every state and city. Sometimes all nonprofit income is exempt. Sometimes it matters how the income was earned, or what it's for. Sometimes the state or local rules parallel the federal tax statutes; sometimes they are completely different.


So where is the specific issue?

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June 30, 2014, 10:14:32 PM
 #5818

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.


Anyone?

To add to this:
If i think price is falling, i can open up a veribit address for my mintpal btc deposit address and wait. If price drops, i can sell my vrc for the price 15 minutes ago and buy back lower. If it doesn't, i can just cancel the transaction.

Or have I misunderstood? Looks like bear market trading without risk. Of course it will consume the btc buffer in veribit

Once you are in the blockchain its irreversible. If you where to cancel it prior. No orders would executed at that time.

I understood the veribit address is active for 15 minutes based from the price of vrc from the time you open up the veribit address

And you can open up more than 1 at a time, hold them open and push through many transactions at once using a script. This will be hilarious when exploited.

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June 30, 2014, 10:16:21 PM
 #5819

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.


Anyone?

To add to this:
If i think price is falling, i can open up a veribit address for my mintpal btc deposit address and wait. If price drops, i can sell my vrc for the price 15 minutes ago and buy back lower. If it doesn't, i can just cancel the transaction.

Or have I misunderstood? Looks like bear market trading without risk. Of course it will consume the btc buffer in veribit

My friend just mentioned this to me, and yes you can do this over and over risk free. You could even create a bot to do this and grab money on every drop. Open multiple instances at a time to maximize profits.

Excoin - Innovative Cryptocurrency Exchange - https://exco.in
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June 30, 2014, 10:18:42 PM
 #5820

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.


Anyone?

To add to this:
If i think price is falling, i can open up a veribit address for my mintpal btc deposit address and wait. If price drops, i can sell my vrc for the price 15 minutes ago and buy back lower. If it doesn't, i can just cancel the transaction.

Or have I misunderstood? Looks like bear market trading without risk. Of course it will consume the btc buffer in veribit

My friend just mentioned this to me, and yes you can do this over and over risk free. You could even create a bot to do this and grab money on every drop. Open multiple instances at a time to maximize profits.

The moment this happens, the buffer goes up from 2 VRC to make it unprofitable until a solution is found. You all really don't troll well.


As with everything new, its being done on a small scale to weed out shitheads like you who take advantage of a good thing.

Actually, actions of you and your friend help strengthen and motivate teams like VeriCoin to progress and make them more secure.



So troll away, an issue of today, is a solution of tomorrow.  Roll Eyes

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