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pnosker
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June 25, 2014, 04:59:55 AM |
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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. |
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VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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noerc
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June 25, 2014, 05:03:49 AM |
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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 |
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socal
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June 25, 2014, 05:25:20 AM |
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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 |
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Lucksee
Member
 Offline
Activity: 118
Merit: 10
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June 25, 2014, 05:28:29 AM |
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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. |
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PositivelyInsane
Member
Offline
Activity: 61
Merit: 10
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June 25, 2014, 05:31:07 AM |
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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?
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7vpo
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June 25, 2014, 05:41:51 AM |
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This will rise to $1 per coins?
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koralon
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June 25, 2014, 05:51:05 AM |
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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?
Mining is supposedly for creating buy support by mining other altcoins and paying out in VRC. |
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MinerP
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June 25, 2014, 05:52:28 AM |
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VeriBit is freakin CRAZY!! why use any other coin!! any place that accepts BTC NOW accepts VRC!!!!
$20 million market cap EASY!! $200 million Veri possible!
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Investing123
Full Member
Offline
Activity: 157
Merit: 100
CryptoCalc.org - Altcoin Profit/Loss Calculator
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June 25, 2014, 05:55:18 AM |
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I will be running a group buy for VeriCoin T-shirts and hats. I'm hoping to gain a lot of interest, the more everyone buys, the less everyone pays!  So share this with all your friends! Update from pnosker tomorrow.
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socal
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June 25, 2014, 05:55:58 AM |
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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?
Mining is supposedly for creating buy support by mining other altcoins and paying out in VRC. yes PoW has ended, there is no more direct mining of VRC so staking helps secure the network the "mining" of VRC on the multipool is exactly as described the pool actually mines other coins and auto-trades for VRC, so your payout is in VRC |
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MinerP
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June 25, 2014, 05:56:22 AM |
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Wait, are you seriously promoting VeriBit? And this is all you have to show: http://www.vericoin.info/veribit.htmlhttp://www.vericoin.info/VeriBit.pdfA simple HTML form pretending to be able to convert BTC to VRC, but actually just taking you to a "Webpage Not Available" page. And a non-technical white paper which could have been written by a 1st grader? And by the way, how is it going to remain decentralized when VeriBit is dependent on a VeriBit servers to change the currency from BTC to VRC? LOL nice try buddy! VRC is unfuddable so i hear! |
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Ed4252
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June 25, 2014, 05:58:29 AM |
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So how can you use veribit in a store (coffee shop) that accepts bitcoin?
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socal
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June 25, 2014, 06:02:03 AM |
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Wait, are you seriously promoting VeriBit? And this is all you have to show: http://www.vericoin.info/veribit.htmlhttp://www.vericoin.info/VeriBit.pdfA simple HTML form pretending to be able to convert BTC to VRC, but actually just taking you to a "Webpage Not Available" page. And a non-technical white paper which could have been written by a 1st grader? And by the way, how is it going to remain decentralized when VeriBit is dependent on a VeriBit servers to change the currency from BTC to VRC? ahh the first of the newbie sockpuppet FUDsters trying to drag price down so they can buy more VRC lol anyway to address your blatant FUD, the Veribit page does come up, something must be wrong on your end, maybe you FUDed up your comp too much, but it is not yet ACTIVE to the general public. Also nobody said Veribit is or was decentralized you must be thinking of Verisend |
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socal
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June 25, 2014, 06:02:43 AM |
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So how can you use veribit in a store (coffee shop) that accepts bitcoin?
yes, awesome, right? VRC = BTC + Interest Edit: lmao sry I read too fast and thought you asked if it can be used at a coffee shop that accepts bit coin, once Veribit becomes active to the general public you simply input the address you want to send BTC to, input how much BTC to send and then it gives you an exact amount of VRC to send to the Veribit address which is also provided and 1-5 mins later the BTC is in the shops wallet |
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MinerP
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June 25, 2014, 06:08:20 AM |
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So how can you use veribit in a store (coffee shop) that accepts bitcoin?
yes, awesome, right? VRC = BTC + Interest VRC = BTC + Interest + anon sell your DRK and buy VERI ! I hate DRK so much 50% instamined scam bullsh*t! |
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drkman
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June 25, 2014, 06:10:29 AM |
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How to troubleshoot Veriwallet not connecting to the network? Have all 5 supernodes in the conf file. Is there a new wallet update?
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socal
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June 25, 2014, 06:14:57 AM |
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How to troubleshoot Veriwallet not connecting to the network? Have all 5 supernodes in the conf file. Is there a new wallet update?
have you tried deleting everything EXCEPT your wallet.dat file in the appdata/roaming/vericoin folder and restarting your wallet? |
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Crindon
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June 25, 2014, 06:17:58 AM |
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The webpage works fine for me. Missed the train so you have to FUD with a sockpuppet account?
There is no reason why VRC will not outpace a plain coin like DRK.
VRC can hit and exceed 2.7million satoshis. Not that price really even matters at this point. This is how amazing VRC truly is.
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Auna
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June 25, 2014, 06:20:04 AM |
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Okay guys im a noob here but I think this is the stage where it is very very dangerous to try to daytrade? The price could explode soon or what? Crazy things happening when I am sleeping so I won't sleep!
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Investing123
Full Member
Offline
Activity: 157
Merit: 100
CryptoCalc.org - Altcoin Profit/Loss Calculator
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June 25, 2014, 06:22:30 AM |
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Okay guys im a noob here but I think this is the stage where it is very very dangerous to try to daytrade? The price could explode soon or what? Crazy things happening when I am sleeping so I won't sleep!
Just go to bed, price will keep on rising. |
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