cryptodevil
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Activity: 2240
Merit: 1254
Thread-puller extraordinaire
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June 25, 2014, 07:40:31 AM |
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In alpha phase, I've successfully sent VRC to my BTC wallet with no middle man. Actually that's pretty huge but we do need better info on what rates are being used and whether there are limits to the number of coins that can be sent this way. For instance, if someone was holding 100BTC-worth of VRC that they needed to send to someone as BTC, could they, when the service is fully released, do so without affecting the overall rate of exchange? The equivalent of a 'dump' of VRC to BTC normally has an effect on the market but I'm assuming that the currently centralised nature of VeriBit has these transactions taking place outside of the normal exchange conditions. If VRC can achieve this degree of liquidity without the rate of exchange applied being negatively affected for large transactions, then it really will become harder to justify being in BTC at all, given that one can earn interest while staking VRC. |
WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk' |
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smokim87
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June 25, 2014, 07:41:07 AM |
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Hey guys new to vericoin and its looking really good. I was just wondering will Veribit be decentralized? Also would veribit lead to drop in prices due to Vericoins being sold for btc due to high usage of Veribit?
Thanks.
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PositivelyInsane
Member
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Activity: 61
Merit: 10
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June 25, 2014, 07:50:41 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 my point for asking the question was actually in reference to bitcoin mining.. i mean if staking secures the vericoin network, eventually when vericoin becomes a household name and gains adoption, it doesn't have to ride on bitcoin, does it? so ASIC manufacturers should be rethinking… would it be like tesla(vericoin) and gas motor vehicles (bitcoin) |
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T-800
Full Member
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Activity: 205
Merit: 105
【Ƀ】➔ ☽
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June 25, 2014, 07:54:59 AM |
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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.. Awesome. Guess we'll have to wait for more specific info and new developments. This is the most exiting altcoin I've seen in months. Just bought some more  |
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germsite
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June 25, 2014, 07:59:44 AM |
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In alpha phase, I've successfully sent VRC to my BTC wallet with no middle man. Actually that's pretty huge but we do need better info on what rates are being used and whether there are limits to the number of coins that can be sent this way. For instance, if someone was holding 100BTC-worth of VRC that they needed to send to someone as BTC, could they, when the service is fully released, do so without affecting the overall rate of exchange? The equivalent of a 'dump' of VRC to BTC normally has an effect on the market but I'm assuming that the currently centralised nature of VeriBit has these transactions taking place outside of the normal exchange conditions. If VRC can achieve this degree of liquidity without the rate of exchange applied being negatively affected for large transactions, then it really will become harder to justify being in BTC at all, given that one can earn interest while staking VRC. No middle man ... except the Veribit service. Agreed that this could be a big deal if we can get some clarity about fees, and a response to cryptodevil's query |
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Artoodeetoo
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June 25, 2014, 08:50:43 AM |
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Thanks for the nice profits vrc, time to move them over to xc now.. Good luck holders
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DASH #DashDC #DashIntoDigitalCash
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cryptodevil
Legendary
Offline
Activity: 2240
Merit: 1254
Thread-puller extraordinaire
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June 25, 2014, 08:54:10 AM |
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I'm not biased towards any coins, Says the guy who wrote two desperate articles back-to-back trying to convince people to buy back in to Razorcoin. |
WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk' |
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_theone
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June 25, 2014, 09:05:58 AM |
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vericoin can go 60k within a day. keep it up.  |
zzz
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Uran0s
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June 25, 2014, 09:15:16 AM |
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It can make DRK value easily with such devs. Did anyone mention that on 19th july they devs prepare something special?
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DutchTrades
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June 25, 2014, 09:21:43 AM |
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too bad i sold at 12  |
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T.Stuart
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June 25, 2014, 09:25:47 AM |
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too bad i sold at 12 Yes but dump incoming shortly I believe  |
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Uran0s
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June 25, 2014, 09:25:49 AM |
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too bad i sold at 12 I feel sorry for you, I think you can still buy at this price , it will reach 100k soon or sooner. |
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DutchTrades
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June 25, 2014, 09:29:42 AM |
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Its sad..
Tough i stick to my Cloaks now..
But i still believe in VRC
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hashtag101
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June 25, 2014, 09:36:45 AM |
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Is the microsoft rumor true?
This is what I need to know.
Are they intersted in this coin.
Don't get me wrong, I have some and you will do great if it is not true. Im just saying
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T.Stuart
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June 25, 2014, 09:39:34 AM |
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Is the microsoft rumor true?
This is what I need to know.
Are they intersted in this coin.
Don't get me wrong, I have some and you will do great if it is not true. Im just saying
Yeah, Microsoft are going to implement this coin  |
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alwa1
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June 25, 2014, 09:40:55 AM |
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Is the microsoft rumor true?
This is what I need to know.
Are they intersted in this coin.
Don't get me wrong, I have some and you will do great if it is not true. Im just saying
Yeah, Microsoft are going to implement this coin One of the devs work for microsoft. Will they implement it. Dont think so |
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7vpo
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June 25, 2014, 09:54:52 AM |
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Mintpal live statistics now:
Aprox. sell price: 41831 Stsh.
Aprox. buy price: 34004 Stsh.
Total buy BTC Cap: 143,38 BTC
Total sell BTC Cap: 117,71 BTC
Total buy orders VRC: 432097 VRC
Total sell orders VRC: 282582 VRC
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BadAss.Sx
Legendary
Offline
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
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June 25, 2014, 09:57:16 AM |
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Nice stats...lets hope its not a pump
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kuchini
Member
Offline
Activity: 95
Merit: 10
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June 25, 2014, 09:58:17 AM |
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Is the microsoft rumor true?
This is what I need to know.
Are they intersted in this coin.
Don't get me wrong, I have some and you will do great if it is not true. Im just saying
Yeah, Microsoft are going to implement this coin One of the devs work for microsoft. Will they implement it. Dont think so Soon you can buy microsoft products with Vericoin |
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