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mybitcoin101
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July 22, 2016, 03:22:56 AM |
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can anyone share with me what utility vericoin has,
thanks
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jd1959
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July 22, 2016, 03:43:20 AM |
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Come on guys suck it up.....there will be future opportunities to invest......just remember Due Diligence is everyone's personal responsibility. Cheers Jon  |
dICO Disguised Instant Cash Out |
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souljah1h
Legendary
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Activity: 1092
Merit: 1000
Hyperspace snail
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July 22, 2016, 07:48:59 AM |
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can anyone share with me what utility vericoin has,
thanks
What did you find out yourself? Just curious. |
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warr1979
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July 22, 2016, 02:01:10 PM |
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can anyone share with me what utility vericoin has,
thanks
This was to be part of the press release. Vericoin is a PoST coin established on May 2014 by Douglas Pike, Patrick Nosker and David Bohem. With one second transactions, sixty second confirmations, a multitude of features such as VeriBit, VeriSend, a BIP32 Lite Android Wallet and a very user friendly Desktop Wallet, VeriCoin is a much quicker, more intuitive, more efficient Peer to Peer Digital Currency than any traditional banking system or even Crypto Currency in existence - including Bitcoin. |
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WhoCaresCoins
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July 22, 2016, 04:13:45 PM |
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effectsToCause Admin 22:08
Approximate average ICO phase 1 investment amount is 10k VRC.
Wow all the "whales" must of been starving!! 😒😒...lol So what? What did you try to mean? |
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MAD945
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July 22, 2016, 05:53:55 PM |
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Bittrex has approached the Dev's to offer a VRC/VRM trading pair on their exchange  |
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MAD945
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July 22, 2016, 05:56:36 PM |
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effectsToCause Admin 22:08
Approximate average ICO phase 1 investment amount is 10k VRC.
Wow all the "whales" must of been starving!! 😒😒...lol So what? What did you try to mean? People where claiming that there where only whales buying large quantities of Verium during Phase 1, if the average buy was 10k VRC we can assume that it was larger quantity of people buying smaller amounts |
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souljah1h
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Hyperspace snail
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July 22, 2016, 06:52:43 PM |
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Bittrex has approached the Dev's to offer a VRC/VRM trading pair on their exchange Where did you read this? |
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HellSpawn.
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Activity: 67
Merit: 10
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July 22, 2016, 07:15:45 PM |
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How many Phases the ICO HAVE?  |
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MAD945
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July 22, 2016, 08:03:47 PM |
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Bittrex has approached the Dev's to offer a VRC/VRM trading pair on their exchange Where did you read this? Sorry let me rephrase this, bittrex wanted to talk about VRM/VRC pairing. Can't find the twitter reply |
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souljah1h
Legendary
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Activity: 1092
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Hyperspace snail
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July 22, 2016, 08:17:21 PM
Last edit: July 22, 2016, 08:42:18 PM by souljah1h |
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How many Phases the ICO HAVE? 2 Phases. Phase 1 is over, Phase 2 is coming. Countdown to Phase 2 here http://www.vericoin.info/ico.html |
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HellSpawn.
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Activity: 67
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July 22, 2016, 09:43:28 PM |
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Thank you for the clarification! |
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MAD945
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July 22, 2016, 09:55:34 PM |
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How much VRM will be available in Phase 2? |
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effectsToCause (OP)
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July 22, 2016, 10:21:19 PM |
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How much VRM will be available in Phase 2? Another 350k is available in second phase. If less than 3.5m VRC come in, then due to the 10 VRC/VRM minimum, less than 350k will be sold. In which case it will be even more scarce than 30x lower supply initially. Will take ~5 years minimum to reach 10x lower supply parity than VeriCoin via mining. So 10 VRC/VRM is also a very good deal for a very scarce reserve with a novel protocol. |
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SEABOND
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http://tinyurl.com/pykjk93
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July 22, 2016, 10:37:36 PM |
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How much VRM will be available in Phase 2? Another 350k is available in second phase. If less than 3.5m VRC come in, then due to the 10 VRC/VRM minimum, less than 350k will be sold. In which case it will be even more scarce than 30x lower supply initially. Will take ~5 years minimum to reach 10x lower supply parity than VeriCoin via mining. So 10 VRC/VRM is also a very good deal for a very scarce reserve with a novel protocol. um, what is the difference between VRC and VRM? you can buy VRC from POLO but no VRM?? |
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effectsToCause (OP)
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July 22, 2016, 11:51:25 PM |
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VeriCoin wallet 1.6.5.1 now available: www.vericoin.info or "Check for Update" in wallet. This is a feature update which allows the import of Android wallet private keys into the desktop wallet. |
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effectsToCause (OP)
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July 22, 2016, 11:51:53 PM |
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How much VRM will be available in Phase 2? Another 350k is available in second phase. If less than 3.5m VRC come in, then due to the 10 VRC/VRM minimum, less than 350k will be sold. In which case it will be even more scarce than 30x lower supply initially. Will take ~5 years minimum to reach 10x lower supply parity than VeriCoin via mining. So 10 VRC/VRM is also a very good deal for a very scarce reserve with a novel protocol. um, what is the difference between VRC and VRM? you can buy VRC from POLO but no VRM?? See first page for details: https://bitcointalk.org/index.php?topic=602041.msg6633326#msg6633326 |
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HellSpawn.
Member
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Activity: 67
Merit: 10
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July 23, 2016, 12:20:28 AM |
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How much VRM will be available in Phase 2? Another 350k is available in second phase. If less than 3.5m VRC come in, then due to the 10 VRC/VRM minimum, less than 350k will be sold. In which case it will be even more scarce than 30x lower supply initially. Will take ~5 years minimum to reach 10x lower supply parity than VeriCoin via mining. So 10 VRC/VRM is also a very good deal for a very scarce reserve with a novel protocol. um, what is the difference between VRC and VRM? you can buy VRC from POLO but no VRM?? Me too what is VRM (verium) is a "fork" swap? |
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MAD945
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July 23, 2016, 01:12:11 AM
Last edit: July 23, 2016, 01:28:53 AM by MAD945 |
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Verium = Commodity(Gold) or Reserve - it will be heavy like gold(long transactions and not very useful as a currency but a store of value like gold, value will be through work by miners like Bitcoin)
Vericoin = Currency - will be able to be spent quickly and securely, Verium will be able to speed up Vericoin to up to 20 secs or more and securing Vericoin.
The best and simplest analogy I can think of is the old "Gold Standard" which gave the American dollar (Green Back) value. You would be able to trade your American dollars for its worth in gold and buy American dollars with gold. Now the American dollar isn't backed by anything but paper and we can see what's happened with its value.
Vericoin and Verium will be working on the same blockchain, Verium will be securing Vericoin through mining and speeding up transactions up to 20 secs. Vericoin will be able to be spent as currency with its speed and security. Verium will be able to be transferred instantly in wallet to Vericoin and vice a versa.
Verium will be a HARD Scrypt and will be CPU only, ASIC resistant for a long time and GPU Resistant.
Vericoin and Verium
It increases blockchain performance with security.
It automatically addresses the scalability issue BTC has.
It softens the difficulty mechanism without loss of security, so that mining power can grow more efficiently and organically.
Rewards in minutes per mining between blocks enables more profitability of mining that is dependent on power and time burning electric.
A decreasing reward as the blockchain speeds, incentivizes a balance of efficiency and power, while maintaining security with a corresponding block time.
ASIC and GPU resistant due to memory hardness.
Verium and Vericoin will be it's own ecosystem
Hope that covers it.
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