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

[socal]

My VeriBit results:

http://imgur.com/a/qgbWn


IT WORKS!

[ScottAllyn]

Here's a direct link to the VeriBit video for those who don't bother with Twitter:

   http://youtu.be/PLuBgdQJ6NQ

[onsightit]

When you don't want ThreadStakeMinter, add:
Stake=0
..to your .conf file.
It will stop from mining PoS blocks.

That make sense. Thanks for letting me know. We should put together a tutorial or help documentation.  There is no way inexperienced users like myself figure out these settings, I did not even know there is a .conf file. My understanding was from this thread that the community aims a wide adoption of the coin. Wide adoption would require people new to the crypto currency universe and they need a better documentation or explaining how to use the software what is what on the UI.

Dude. why would you want to stop the POS mining?  Do you not like collecting interest?  The wallet is the easiest in the world to use.  Keep it unencrypted and your coins will begin collecting interest automatically.  or Encrypt your wallet and then unlock it with your passphrase when you open it to collect the interest.

What else do you need to know?  Even a 7 year old could mint Vericoins!

The wallet pretty much blows cheese.  It's not intuitive and I have 28 years of IT experience.  For instance, I had X number of coins I bought and staked. They were earning interest, and the icon was blue (intuitive?).  Then I bought Y number of coins.  The wallet said I had X coins staked and Y coins spendable, and the icon turned some off-shade of blue (I don't really know because I'm color blind) and the help text (when you hover the mouse for five minutes over the icon) said I had "no mature coins".  Then after 8 hours (I knew it took 8 hours, but your average person would probably have no clue) no coins were staked and all the coins were "spendable".  I cannot figure out how to move them all to "staked".  There is zero help in the software and I do not know if I am earning interest. The wallet is encrypted and unlocked.  How could a novice coin user ever hope to understand what is going on here?  I know we are all techies, but where's the FAQ, and where's the manual?  Basic 101 stuff...

[lootz]

Hey guys is vericoin a centralized coin ? I just got reemed by a friend saying its no good cause its centralized.. give me some ammo

[JakeThePanda]

When you don't want ThreadStakeMinter, add:
Stake=0
..to your .conf file.
It will stop from mining PoS blocks.

That make sense. Thanks for letting me know. We should put together a tutorial or help documentation.  There is no way inexperienced users like myself figure out these settings, I did not even know there is a .conf file. My understanding was from this thread that the community aims a wide adoption of the coin. Wide adoption would require people new to the crypto currency universe and they need a better documentation or explaining how to use the software what is what on the UI.

Dude. why would you want to stop the POS mining?  Do you not like collecting interest?  The wallet is the easiest in the world to use.  Keep it unencrypted and your coins will begin collecting interest automatically.  or Encrypt your wallet and then unlock it with your passphrase when you open it to collect the interest.

What else do you need to know?  Even a 7 year old could mint Vericoins!

The wallet pretty much blows cheese.  It's not intuitive and I have 28 years of IT experience.  For instance, I had X number of coins I bought and staked. They were earning interest, and the icon was blue (intuitive?).  Then I bought Y number of coins.  The wallet said I had X coins staked and Y coins spendable, and the icon turned some off-shade of blue (I don't really know because I'm color blind) and the help text (when you hover the mouse for five minutes over the icon) said I had "no mature coins".  Then after 8 hours (I knew it took 8 hours, but your average person would probably have no clue) no coins were staked and all the coins were "spendable".  I cannot figure out how to move them all to "staked".  There is zero help in the software and I do not know if I am earning interest. The wallet is encrypted and unlocked.  How could a novice coin user ever hope to understand what is going on here?  I know we are all techies, but where's the FAQ, and where's the manual?  Basic 101 stuff...

Well, I have 0 years of IT experience, 0 years of programming experience, and 0 knowledge on anything technical.  I know how to do everything and nobody taught me anything.  

[JakeThePanda]

Hey guys is vericoin a centralized coin ? I just got reemed by a friend saying its no good cause its centralized.. give me some ammo

Well, as of right now, the main features are centralized. 

[pnosker]

Hey guys is vericoin a centralized coin ? I just got reemed by a friend saying its no good cause its centralized.. give me some ammo

No, the coin isn't. We've added some features which are currently centralized because we are testing them. We don't want to release stuff until it's working 100%. And those centralized things are a SMS wallet and VeriSend, an anon system. Otherwise, the coin is much like Litecoin or Blackcoin.

[socal]

Coming soon, 1 oz .999 Fine Silver Physical Vericoins!

Tweet it, FB it, Reddit it, Shout it out of your car on the interstate, but get the word out that there will be PURE SILVER PHYSICAL VERICOINS

[lootz]

Hey guys is vericoin a centralized coin ? I just got reemed by a friend saying its no good cause its centralized.. give me some ammo

No, the coin isn't. We've added some features which are currently centralized because we are testing them. We don't want to release stuff until it's working 100%. And those centralized things are a SMS wallet and VeriSend, an anon system. Otherwise, the coin is much like Litecoin or Blackcoin.

Awesome thank you NOS I been taking a beating from crypto friends for that. Keep up the good work I believe in you. Also thank you for the beta hope you enjoy your trip

[Lucksee]

Coming soon, 1 oz .999 Fine Silver Physical Vericoins!

Tweet it, FB it, Reddit it, Shout it out of your car on the interstate, but get the word out that there will be PURE SILVER PHYSICAL VERICOINS

what.

[lootz]

Coming soon, 1 oz .999 Fine Silver Physical Vericoins!

Tweet it, FB it, Reddit it, Shout it out of your car on the interstate, but get the word out that there will be PURE SILVER PHYSICAL VERICOINS

what.

Oh nice my other favorite to invest in, I love the whole silver shield line of coins. I buy silver on the regular hope you are not just trying to give me an E-Boner here.

[Bitcycle]

Quite a day for VRC!  Upward and onward!

[Crindon]

Already touched 32,000. Next stop 50,000, then 500,000, then 1.6 Million.

[noerc]

Hey guys is vericoin a centralized coin ? I just got reemed by a friend saying its no good cause its centralized.. give me some ammo

No, the coin isn't. We've added some features which are currently centralized because we are testing them. We don't want to release stuff until it's working 100%. And those centralized things are a SMS wallet and VeriSend, an anon system. Otherwise, the coin is much like Litecoin or Blackcoin.

Awesome thank you NOS I been taking a beating from crypto friends for that. Keep up the good work I believe in you. Also thank you for the beta hope you enjoy your trip

Hi Patrick,

Sorry if this was answered before, I googled it but couldn't find an answer: How exactly does VeriBit convert VRC to BTC? Will these VRC be sold on the open market in order to pay the BTC request? If so, this would be (semi-)centralized due to the use of centralized exchanges, right? Or did you implement a decentralized exchange? But if so, then somebody would need to buy these VRC for the BTC amount so you can use them to pay the BTC transaction.

Also, "who" exactly makes the VRC / BTC conversion? Will the wallet send a request to some server that will do the job?

The general idea is pretty sweet, but couldn't somebody come up with an auto trading engine that allows this for basically every coin out there? Most exchange APIs already provide the general functionality that would just need to be wrapped within in the wallet. But maybe I didn't understand the whole thing completely, so I would appreciate some technical details as far as you agree to share them.

Thanks so much and great work!

[pnosker]

Hey guys is vericoin a centralized coin ? I just got reemed by a friend saying its no good cause its centralized.. give me some ammo

No, the coin isn't. We've added some features which are currently centralized because we are testing them. We don't want to release stuff until it's working 100%. And those centralized things are a SMS wallet and VeriSend, an anon system. Otherwise, the coin is much like Litecoin or Blackcoin.

Awesome thank you NOS I been taking a beating from crypto friends for that. Keep up the good work I believe in you. Also thank you for the beta hope you enjoy your trip

Hi Patrick,

Sorry if this was answered before, I googled it but couldn't find an answer: How exactly does VeriBit convert VRC to BTC? Will these VRC be sold on the open market in order to pay the BTC request? If so, this would be (semi-)centralized due to the use of centralized exchanges, right? Or did you implement a decentralized exchange? But if so, then somebody would need to buy these VRC for the BTC amount so you can use them to pay the BTC transaction.

Also, "who" exactly makes the VRC / BTC conversion? Will the wallet send a request to some server that will do the job?

The general idea is pretty sweet, but couldn't somebody come up with an auto trading engine that allows this for basically every coin out there? Most exchange APIs already provide the general functionality that would just need to be wrapped within in the wallet. But maybe I didn't understand the whole thing completely, so I would appreciate some technical details as far as you agree to share them.

Thanks so much and great work!

VeriBit is a centralized service run by the Dev team. I hope that explains everything. The wallet will poll our service.

[noerc]

Hey guys is vericoin a centralized coin ? I just got reemed by a friend saying its no good cause its centralized.. give me some ammo

No, the coin isn't. We've added some features which are currently centralized because we are testing them. We don't want to release stuff until it's working 100%. And those centralized things are a SMS wallet and VeriSend, an anon system. Otherwise, the coin is much like Litecoin or Blackcoin.

Awesome thank you NOS I been taking a beating from crypto friends for that. Keep up the good work I believe in you. Also thank you for the beta hope you enjoy your trip

Hi Patrick,

Sorry if this was answered before, I googled it but couldn't find an answer: How exactly does VeriBit convert VRC to BTC? Will these VRC be sold on the open market in order to pay the BTC request? If so, this would be (semi-)centralized due to the use of centralized exchanges, right? Or did you implement a decentralized exchange? But if so, then somebody would need to buy these VRC for the BTC amount so you can use them to pay the BTC transaction.

Also, "who" exactly makes the VRC / BTC conversion? Will the wallet send a request to some server that will do the job?

The general idea is pretty sweet, but couldn't somebody come up with an auto trading engine that allows this for basically every coin out there? Most exchange APIs already provide the general functionality that would just need to be wrapped within in the wallet. But maybe I didn't understand the whole thing completely, so I would appreciate some technical details as far as you agree to share them.

Thanks so much and great work!

VeriBit is a centralized service run by the Dev team. I hope that explains everything. The wallet will poll our service.

Thanks, it does. You created a perfect example for an awesome service that can be built on top of the blockchain technology. Good to have you in crypto

[socal]

Coming soon, 1 oz .999 Fine Silver Physical Vericoins!

Tweet it, FB it, Reddit it, Shout it out of your car on the interstate, but get the word out that there will be PURE SILVER PHYSICAL VERICOINS

what.

Oh nice my other favorite to invest in, I love the whole silver shield line of coins. I buy silver on the regular hope you are not just trying to give me an E-Boner here.

@Lucksee, there will be Physical Vericoins made of 1oz .999 Pure Silver look up Casascius Bitcoins or Lealana Litecoins for an idea

@lootz no my man I am dead serious, there will be some stipulations but all of that will be addressed tomorrow night

[Lucksee]

Coming soon, 1 oz .999 Fine Silver Physical Vericoins!

Tweet it, FB it, Reddit it, Shout it out of your car on the interstate, but get the word out that there will be PURE SILVER PHYSICAL VERICOINS

what.

Oh nice my other favorite to invest in, I love the whole silver shield line of coins. I buy silver on the regular hope you are not just trying to give me an E-Boner here.

@Lucksee, there will be Physical Vericoins made of 1oz .999 Pure Silver look up Casascius Bitcoins or Lealana Litecoins for an idea

@lootz no my man I am dead serious, there will be some stipulations but all of that will be addressed tomorrow night

lol yup, I know of the physical coins. Just beyond excited. Coinofthefuture.

[PositivelyInsane]

maybe it is in here somewhere the answer to my stupid question.. would staking secure the vericoin network? if yes, why do we need to waste all that power in mining… as in (bitcoin)

can anyone enlighten?

[7vpo]

This will rise to $1 per coins?