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

[Crindon]

We have anonymous devs...nope...just about every other crapcoin out there does, but not VRC.

This level of transparency makes it many fold easier for institutional investors to buy into VRC as opposed to the other crapcoins.

VRC passes due diligence more easily. The other coins don't. 2.7 million satoshis is achievable because of this. It is also why the coin is even valued at even over 2.7 million satoshis. 34,499 satoshi is dirt cheap. Remember when BTC was $1.00/each?

[socal]

an obvious scam.

Please elaborate on how the three, public, open and respected, technical minds behind this coin are creating an 'obvious' scam.

That they have chatted with the guys at Blackcoin on occasion doesn't mean the guys at Blackcoin have any involvement with Vericoin. Just because you've arrived at this coin late it does not excuse your ignorance of it's background and development, particularly when you are employing that ignorance to make bold scam assertions that are based on nothing but whatever erroneous assumptions you are throwing together.

FINISH HIM!.......FLAWLESS VICTORY!

[provenceday]

4    Darkcoin   $ 40,977,770   $ 9.28   4,413,640 DRK   $ 358,039   -5.26 %

13    VeriCoin   $ 5,293,185   $ 0.197697   26,774,292 VRC   $ 1,263,927   +44.38 %

47    SuperCoin   $ 467,175   $ 0.032901   14,199,252 SUPER   $ 179,220   +5.09 %


 

[provenceday]

can anybody tell me what does Vericoin offer more than Supercoin ? except the SMS.....

Thanks

[cryptoholic11]

can anybody tell me what does Vericoin offer more than Supercoin ? except the SMS.....

Thanks

...dont be that guy. I'm invested in both coins, but no need to compare them, especially since VRC is taking most of the volume right now (which is probably why you're asking this question).

[pnosker]

can anybody tell me what does Vericoin offer more than Supercoin ? except the SMS.....

Thanks

As of tomorrow, VeriBit will be the biggest thing to set VeriCoin apart from the rest. SMS and VeriSend are great too, but VeriBit is the best, by far.

[7vpo]

VeriGo (to 0,001724)

[kleineaap]

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

Well done man! Good stuff! +1

[MinerP]

can anybody tell me what does Vericoin offer more than Supercoin ? except the SMS.....

Thanks

dude you serious?? https://www.youtube.com/watch?v=PLuBgdQJ6NQ use VRC anywhere!!

[droop]

We have anonymous devs...nope...just about every other crapcoin out there does, but not VRC.

This level of transparency makes it many fold easier for institutional investors to buy into VRC as opposed to the other crapcoins.

VRC passes due diligence more easily. The other coins don't. 2.7 million satoshis is achievable because of this. It is also why the coin is even valued at even over 2.7 million satoshis. 34,499 satoshi is dirt cheap. Remember when BTC was $1.00/each?

A pump might happen but institutional investors!? Pull the other one. 

[MAD945]

We will be taking 2nd spot over litecoin before Christmas....mark my words!

Vericoin is the first coin to offer something new and pushing crypto currency forward

[Reavon]

Guys i have a nice idea.

There is a youtube channel called "Veritasium" they explain sience and stuff. But they never did a video on bitcoin yet.
They have a huge community on youtube.

So because they are called "Veri-tasium" we could ask them to make an sientific explainity video on how bitcoin works. Than lead to altcoins and finaly mention Vericoin , a coin they feel relatet to and explain our improvements to bitcoin , also explain what PoS really is and why it is better than PoW.

www.youtube.com/user/1veritasium

heres the link, check them out subscribe and post them
about my idea maybe we could support them with vericoin like we do with pete.

[cryptodevil]

institutional investors!? Pull the other one.  

The point was that institutional investors absolutely could not support a coin with an anonymous dev team and before someone shouts 'Satoshi!', BTC has had a number of known and widely respected people develop the coin since it's inception.

So the issue is not whether 'institutional investors' are, or will be, considering a buy-in to Vericoin but, rather, whether they ever actually could. In that the dev team is not Anonymous and are open, accessible and respectable, means that VRC is not ruled out of potential institutional investor-class interest.

[germsite]

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.

Other questions would be: What exchange does the Veribit use as a reference for the prices ? Also, are you using an additional fee on the top of the current price listed on the exchange ? Or Veribit calculates the average/mean value from all the exchanges and uses that price ? Or it's just a manual and a steady value that you use ?

I'd be interested in an answer to the question regarding charging a fee for VeriBit transactions ( adding interest to an average exchange rate ). If no fee is charged, it would be beneficial to have this stated very clearly, but if one is being levied, then this needs to be declared.

The white paper - http://www.vericoin.info/VeriBit.pdf - answers most questions, but makes no mention of fees.

[T-800]

Can you also use Veribit to 'pay' yourself? So if you want to exchange VRC to BTC?

That'd be pretty cool.

And how about a reverse system, BTC to VRC?

[kleineaap]

Can you also use Veribit to 'pay' yourself? So if you want to exchange VRC to BTC?

That'd be pretty cool.

And how about a reverse system, BTC to VRC?

In alpha phase, I've successfully sent VRC to my BTC wallet with no middle man.
Plus VeriBit Beta is now as fast as a BTC transaction.

As for now, there's no reverse. Who knows..

[BadAss.Sx]

Can you also use Veribit to 'pay' yourself? So if you want to exchange VRC to BTC?

That'd be pretty cool.

And how about a reverse system, BTC to VRC?

In alpha phase, I've successfully sent VRC to my BTC wallet with no middle man.
Plus VeriBit Beta is now as fast as a BTC transaction.

As for now, there's no reverse. Who knows..

At which rate was it converter?

[kleineaap]

Can you also use Veribit to 'pay' yourself? So if you want to exchange VRC to BTC?

That'd be pretty cool.

And how about a reverse system, BTC to VRC?

In alpha phase, I've successfully sent VRC to my BTC wallet with no middle man.
Plus VeriBit Beta is now as fast as a BTC transaction.

As for now, there's no reverse. Who knows..

At which rate was it converter?

Current exchange rate with cover fees. I believe it was Polo in alpha, but they were somewhat slow. Beta I haven't tried yet, but it's available for donors and it will be public today.

[Reavon]

Can you also use Veribit to 'pay' yourself? So if you want to exchange VRC to BTC?

That'd be pretty cool.

And how about a reverse system, BTC to VRC?

I saw pnosker tweeting " VeriBit faster than Coinbase withdrawl" so i think yes you can. The reverse way should be implemented aswell i think because it would improve and support the system.

Vericoin(Sender) -> VeriBit Service with Vericoin and BTC wallets -> BTC  ( getter)

why wouldnt you just reverse the trick.

BTC( sender) -> VeriBit Service with Vericoin and BTC Wallets -> VRC (getter)

You just need to send btc to btc-wallets of veribit service and vrc to the vrc-wallet that would keep the demand of both coins in a harmony

Edit: its my point of view i dont understand anything about VeriBit yet dont take my explaination as a reverence.

[germsite]

Can you also use Veribit to 'pay' yourself? So if you want to exchange VRC to BTC?

That'd be pretty cool.

And how about a reverse system, BTC to VRC?

In alpha phase, I've successfully sent VRC to my BTC wallet with no middle man.
Plus VeriBit Beta is now as fast as a BTC transaction.

As for now, there's no reverse. Who knows..

At which rate was it converter?

Current exchange rate with cover fees. I believe it was Polo in alpha, but they were somewhat slow. Beta I haven't tried yet, but it's available for donors and it will be public today.

Any idea what the 'cover fees' amount to ?