[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[Cryptonitex]

Wallet looks good. We're mining directly from the wallet?

[1713530256]

1713530256

[1713530256]

1713530256

[1713530256]

1713530256

[1713530256]

1713530256

[souljah1h]

Wallet looks good. We're mining directly from the wallet?

Yes.

[MAD945]

Wallet looks good. We're mining directly from the wallet?

Yes.

Sweet! Got 3 8 Core CPUs ready to go!

[Majormax]

I would guess this is heading for around 1.5m VRC submitted in Phase 2.  That would mean only arond 750k VRM will be distributed from the initial mine, and it will be scarcer to start with.

[effectsToCause]

I would guess this is heading for around 1.5m VRC submitted in Phase 2.  That would mean only arond 750k VRM will be distributed from the initial mine, and it will be scarcer to start with.

If phase 2 raises 1.5m then 500,000 VRM will be sold in the ICO total, because only 150k will be sold in phase 2 at the minimum price of 10 VRC/VRM

[Cryptonitex]

Wallet looks good. We're mining directly from the wallet?

Yes.

Sweet! Got 3 8 Core CPUs ready to go!

What's an 8 core cpu gunna take memory wise?

[Majormax]

I would guess this is heading for around 1.5m VRC submitted in Phase 2.  That would mean only arond 750k VRM will be distributed from the initial mine, and it will be scarcer to start with.

If phase 2 raises 1.5m then 500,000 VRM will be sold in the ICO total, because only 150k will be sold in phase 2 at the minimum price of 10 VRC/VRM

Oh yes...thanks

[MAD945]

Damn.... Verium might be even more rare. Miners are going to have a field day!

[dolores12]

so when i say that ico structure is EPIC FAIL...lol under 10 btc volume ..no one care's to buy..no motive !!!!!!! Vericoin has the best marketing minds lol

[MAD945]

so when i say that ico structure is EPIC FAIL...lol under 10 btc volume ..no one care's to buy..no motive !!!!!!! Vericoin has the best marketing minds lol

Yeah there hasn't been any marketing and look how much has been invested so far without marketing. Vericoin is not here to pump a price but to move its technology forward. Vericoin has been off Bitcointalk for over a year so a majority of people on here don't know anything about Vericoin or Verium.

Price movement will come after the marketing budget starts to be put towards pushing information about how Vericoin and Verium will be a game changer which will be.

The Verium ICO has already raised a over 320+ BTC at the current price which give Vericoin/Verium a budget to develop and market which it has never had before. Look at all the wasted ICO'S which never produced a thing just Bitcoin that disappeared into someone's pocket. The Vericoin developers have proven themselves time and time again to be honest, transparent and hard working developer s who have developed with no budget. Imagine what they can do with an actual budget!

[dranster]

10500 seems to be the resistance to break 

Hope we break it soon 

[FANCIER]

 VeriCoin. Join the Community.

https://www.youtube.com/watch?v=IadEHI-lXks

[RJF19]

so when i say that ico structure is EPIC FAIL...lol under 10 btc volume ..no one care's to buy..no motive !!!!!!! Vericoin has the best marketing minds lol

Yeah there hasn't been any marketing and look how much has been invested so far without marketing. Vericoin is not here to pump a price but to move its technology forward. Vericoin has been off Bitcointalk for over a year so a majority of people on here don't know anything about Vericoin or Verium.

Price movement will come after the marketing budget starts to be put towards pushing information about how Vericoin and Verium will be a game changer which will be.

The Verium ICO has already raised a over 320+ BTC at the current price which give Vericoin/Verium a budget to develop and market which it has never had before. Look at all the wasted ICO'S which never produced a thing just Bitcoin that disappeared into someone's pocket. The Vericoin developers have proven themselves time and time again to be honest, transparent and hard working developer s who have developed with no budget. Imagine what they can do with an actual budget!

Very well said. It's nice to have a dev team that actually knows something about what their doing. Anyone can push a PR release, not many can do whats happening here.

[souljah1h]

so when i say that ico structure is EPIC FAIL...lol under 10 btc volume ..no one care's to buy..no motive !!!!!!! Vericoin has the best marketing minds lol

Yeah there hasn't been any marketing and look how much has been invested so far without marketing. Vericoin is not here to pump a price but to move its technology forward. Vericoin has been off Bitcointalk for over a year so a majority of people on here don't know anything about Vericoin or Verium.

Price movement will come after the marketing budget starts to be put towards pushing information about how Vericoin and Verium will be a game changer which will be.

The Verium ICO has already raised a over 320+ BTC at the current price which give Vericoin/Verium a budget to develop and market which it has never had before. Look at all the wasted ICO'S which never produced a thing just Bitcoin that disappeared into someone's pocket. The Vericoin developers have proven themselves time and time again to be honest, transparent and hard working developer s who have developed with no budget. Imagine what they can do with an actual budget!

Very well said. It's nice to have a dev team that actually knows something about what their doing. Anyone can push a PR release, not many can do whats happening here.

Building at protocol level instead of fancy gimmicks. Meet the devs https://www.vericoinforums.com/developers/

[dranster]

so when i say that ico structure is EPIC FAIL...lol under 10 btc volume ..no one care's to buy..no motive !!!!!!! Vericoin has the best marketing minds lol

Yeah there hasn't been any marketing and look how much has been invested so far without marketing. Vericoin is not here to pump a price but to move its technology forward. Vericoin has been off Bitcointalk for over a year so a majority of people on here don't know anything about Vericoin or Verium.

Price movement will come after the marketing budget starts to be put towards pushing information about how Vericoin and Verium will be a game changer which will be.

The Verium ICO has already raised a over 320+ BTC at the current price which give Vericoin/Verium a budget to develop and market which it has never had before. Look at all the wasted ICO'S which never produced a thing just Bitcoin that disappeared into someone's pocket. The Vericoin developers have proven themselves time and time again to be honest, transparent and hard working developer s who have developed with no budget. Imagine what they can do with an actual budget!

Very well said. It's nice to have a dev team that actually knows something about what their doing. Anyone can push a PR release, not many can do whats happening here.

Building at protocol level instead of fancy gimmicks. Meet the devs https://www.vericoinforums.com/developers/

How much has the ICO raised, and are there any good news coming out soon?

[souljah1h]

so when i say that ico structure is EPIC FAIL...lol under 10 btc volume ..no one care's to buy..no motive !!!!!!! Vericoin has the best marketing minds lol

Yeah there hasn't been any marketing and look how much has been invested so far without marketing. Vericoin is not here to pump a price but to move its technology forward. Vericoin has been off Bitcointalk for over a year so a majority of people on here don't know anything about Vericoin or Verium.

Price movement will come after the marketing budget starts to be put towards pushing information about how Vericoin and Verium will be a game changer which will be.

The Verium ICO has already raised a over 320+ BTC at the current price which give Vericoin/Verium a budget to develop and market which it has never had before. Look at all the wasted ICO'S which never produced a thing just Bitcoin that disappeared into someone's pocket. The Vericoin developers have proven themselves time and time again to be honest, transparent and hard working developer s who have developed with no budget. Imagine what they can do with an actual budget!

Very well said. It's nice to have a dev team that actually knows something about what their doing. Anyone can push a PR release, not many can do whats happening here.

Building at protocol level instead of fancy gimmicks. Meet the devs https://www.vericoinforums.com/developers/

How much has the ICO raised, and are there any good news coming out soon?

Phase 1 about 2.1 million VRC
Phase 2 so far 932127.21879474 VRC

So about 3 million VRC total, for now. The ico is still running so could be more.

[dranster]

so when i say that ico structure is EPIC FAIL...lol under 10 btc volume ..no one care's to buy..no motive !!!!!!! Vericoin has the best marketing minds lol

Yeah there hasn't been any marketing and look how much has been invested so far without marketing. Vericoin is not here to pump a price but to move its technology forward. Vericoin has been off Bitcointalk for over a year so a majority of people on here don't know anything about Vericoin or Verium.

Price movement will come after the marketing budget starts to be put towards pushing information about how Vericoin and Verium will be a game changer which will be.

The Verium ICO has already raised a over 320+ BTC at the current price which give Vericoin/Verium a budget to develop and market which it has never had before. Look at all the wasted ICO'S which never produced a thing just Bitcoin that disappeared into someone's pocket. The Vericoin developers have proven themselves time and time again to be honest, transparent and hard working developer s who have developed with no budget. Imagine what they can do with an actual budget!

Very well said. It's nice to have a dev team that actually knows something about what their doing. Anyone can push a PR release, not many can do whats happening here.

Building at protocol level instead of fancy gimmicks. Meet the devs https://www.vericoinforums.com/developers/

How much has the ICO raised, and are there any good news coming out soon?

Phase 1 about 2.1 million VRC
Phase 2 so far 932127.21879474 VRC

So about 3 million VRC total, for now. The ico is still running so could be more.

Thats great... We could do 5m  I guess...Lets see

[souljah1h]

so when i say that ico structure is EPIC FAIL...lol under 10 btc volume ..no one care's to buy..no motive !!!!!!! Vericoin has the best marketing minds lol

Yeah there hasn't been any marketing and look how much has been invested so far without marketing. Vericoin is not here to pump a price but to move its technology forward. Vericoin has been off Bitcointalk for over a year so a majority of people on here don't know anything about Vericoin or Verium.

Price movement will come after the marketing budget starts to be put towards pushing information about how Vericoin and Verium will be a game changer which will be.

The Verium ICO has already raised a over 320+ BTC at the current price which give Vericoin/Verium a budget to develop and market which it has never had before. Look at all the wasted ICO'S which never produced a thing just Bitcoin that disappeared into someone's pocket. The Vericoin developers have proven themselves time and time again to be honest, transparent and hard working developer s who have developed with no budget. Imagine what they can do with an actual budget!

Very well said. It's nice to have a dev team that actually knows something about what their doing. Anyone can push a PR release, not many can do whats happening here.

Building at protocol level instead of fancy gimmicks. Meet the devs https://www.vericoinforums.com/developers/

How much has the ICO raised, and are there any good news coming out soon?

Phase 1 about 2.1 million VRC
Phase 2 so far 932127.21879474 VRC

So about 3 million VRC total, for now. The ico is still running so could be more.

Thats great... We could do 5m  I guess...Lets see

Lets hope so! Last few days of the ICO will be interesting to watch.

[souljah1h]

Verium: PoW as Commodity not a Currency

Value is proportional to cost

Proof of Stake coins have nearly no cost of creation, making them an effectively free, consensus driven monetary system. This is the primary strength of PoS, but in the context of market dynamics, it also can be a weakness. Obviously maximizing efficiency of a functioning system is optimal, Proof of Stake-Time does this in the most decentralized way, we believe, however value is also proportional to cost. Outside of speculation and deep market penetration dependence, the costs of an ecosystem are a significant factor in forming and stabilizing a required value. Miners in PoW are strongly disincentivized for selling below their costs, which drives both a rise in mining efficiency, as well as forcing value increases on the market to support the mining ecosystem. Having an interdependent, tradable, supply ratio pegged commodity, enables cost driven value of the network despite loss of other value enhancing factors in weak or strong markets. Some costly work can enable inherent value growth of the financial ecosystem, however the costs need not hamper VeriCoin’s costless and trustless system and drive it into centralization like is typically the case with PoW currencies.


A currency and a reserve commodity

Inherent in a mined resource is an ecosystem that is built around mining or acquiring a scarce resource. These miners and companies that enable them, have investments in the ecosystem and the commodity. They aim to invest time, money and resources into work that results in a profitable sale of the commodity. This is exactly how bitcoin functions as a commodity. However, classically in markets the currency and the commodity are not one in the same. They are tied to one another in supply ratios or value. In cryptocurrency we can lock protocol rules to optimize these cost/value relationships and ensure they persist. In particular, if the supply ratio between the two is constant and the consensus is shared, this can be a well leveraged and flexible decentralized ecosystem. Costs can be minimal for money transmission yet required for resource procurement, enabling a market-based organic value cycle as the costly work of reserve procurement also enhances the performance, scalability and security of the currency via auxiliary mining.

Verium will be a reserve commodity enforced by the protocol and VeriCoin would continue to be the currency. This would treat PoW differently in that it would be exclusively a tradable scarce resource. The currency-reserve roles are incentivized via higher minimum send fees of Verium and slower blocktimes, which enables stable, secure mining and dis-incentivizes trading. Transaction speed, VeriBit, merchant acceptance, access, usability, costlessness of VeriCoin are all maintained. This way there are value added costs that are required to enhance the entire system, yet not necessary for a seamless, near costless, fully decentralized currency.

https://www.vericoinforums.com/threads/verium-pow-as-commodity-not-a-currency.1289/

[souljah1h]

https://steemit.com/crypto/@effectstocause/the-crypto-gold-standard-a-currency-and-a-reserve-vericoin-and-verium