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

[buy4crypto]

What's the easiest way to buy, and hold VeriCoin in the UK?

Will the dynamic interest still come into play if I buy via somewhere like mintpal/cryptsy and keep it in there?

Buy bitcoin on http://bittylicious.com and trade btc on mintpal/cryptsy/bittrex for vrc. You won't gain interest though if it's held in an exchange wallet, so withdraw and hold in your qt wallet.

God it, thank you! Will get some on mintpal then transfer to the wallet... btw, sorry but what is a qt wallet?

The main desktop wallet: "vericoin-qt.exe"

Ah! Brilliant... thank you very much

how long does it take to stake?
i have coins like 1 day on the wallet and it's still "no mature coin"

8 hours, is your wallet encrypted? needs to be unlocked to generate interest payments. Also I believe you need to have your wallet open to gain interest.

[blizeH]

Wallet unencrypted and open... doesn't sound very safe D:

[colinfx]

VeriCoin - What happens next?

You get told to take your 'TA' astrology elsewhere.

TA astrology got me and many others out at 37,500.

https://twitter.com/CryptoDabbler/status/481736754945597440

Don't underestimate the power of TA, it's simply human behaviour which is at many times predictable.

[Reavon]

The heavier the dump the heavier the rise. Same work the other way round.

I smell cheap coins...*sniff* *sniff*

[Ed4252]

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

can the QR code scan work with this?

[colinfx]

VeriCoin - What happens next?

You get told to take your 'TA' astrology elsewhere.

TA astrology got me and many others out at 37,500.

https://twitter.com/CryptoDabbler/status/481736754945597440

Don't underestimate the power of TA, it's simply human behaviour which is at many times predictable.

I agree, it called it on 12 hours but it took 24 hours because something unpredicted happened - there was a massive hype fest on twitter after i posted my prediction

Exactly, it cannot predict 100% but it is much much better than guessing!

[Auna]

Some heavy ass sell walls ahead of us!

[aragoon]

Where?

[toknormal]

The heavier the dump the heavier the rise. Same work the other way round.

There may be a rise but I doubt we'll be seeing 34 again.

[ssmc2]

The heavier the dump the heavier the rise. Same work the other way round.

There may be a rise but I doubt we'll be seeing 34 again.

Thanks for the insight Darkman 

[toknormal]

Thanks for the insight Darkman 

I'm also a "Veri" man and "CLOAK" man and a "Monero man". In fact I've been in and out of more coins than I can count now.

Fact is coins have their pump and then they have their dump. Once dumped you can kiss goodbye to the all time high if it's not an original. Maybe 34 was Veri's "moment" and maybe it wasn't, I'm just saying there's a well trodden path that gets kind of familiar.

[ALXBOB]

So veribit is fully releast or not yet?

[ssmc2]

Thanks for the insight Darkman 

I'm also a "Veri" man and "CLOAK" man and a "Monero man". In fact I've been in and out of more coins than I can count now.

Fact is coins have their pump and then they have their dump. Once dumped you can kiss goodbye to the all time high if it's not an original. Maybe 34 was Veri's "moment" and maybe it wasn't, I'm just saying there's a well trodden path that gets kind of familiar.

There was a pump to "ATH" with Veri a few weeks ago. Shouldn't that have been the end of the coin according to your logic?

[toknormal]

as a pump to "ATH" with Veri a few weeks ago. Shouldn't that have been the end of the coin according to your logic?

Yes. It may have been, but with each successive ATH, it gets closer to the peak.

Have a look at this - it's not going back up there anytime soon because the big profit takers don't come back once they're done unless there's some kind of *major* reason for risk taking.

http://www.cryptocoincharts.info/v2/pair/vrc/btc/mintpal/10-days

It's one thing taking a risk when a coin's on the deck, quite another when it's at 4 times it's value when you first bought in and surrounded by juicy "unpumped" alternatives.

DRK is in a special category - a genuine original. Thats not to take anything away technically from the others. They're al interesting in their own way, it's just that "technically interesting" isn't nearly enough to move markets.

[bitcoinwonders010]

luckily i took some profit before the dump, will buy back. for now super coin is super. one of the few coins with a working anonymous wallet.

[pnosker]

IMO the devs should comment on these close ties with this manipulation group. No serious investor will jump on a coin with an official P&D group. Won't be buying back in before this is cleared up. I thought vrc was supposed to be transparent but sharing bed with this group is a red card from me

There's nothing to say about Black Hand. They are people who bought VeriCoin. They have been very good citizens of the coin donating quite a bit to the VeriFund and helping us finish projects using bounty money. They have no control over coin code or direction. I think they legitimately realize the potential of VeriCoin and I don't think you're going to see any dumping from them coming in the near future.

VeriCoin is an open coin. Who are we to say who can and cannot own it? If Black Hand wants to be a holder of VeriCoin because they believe in it and they want to help fund the PR Agency and other tasks, that is fine by me and the other devs. We are not characters of judgement. Anybody group could come in and buy VeriCoin and we could either know or not. At least with Black Hand-- they are open about holding it.

As for VeriBit, there is a large buffer of BTC we have donated by a large investor (not in Black Hand) to block any market disrupting uses of it. For now we will limit maximum sends of 1 BTC until we can ensure we will not manipulate the price greatly. We are leveraging the optimal buying algorithm to recover the BTC after a VeriBit transaction and it's been seamless so far. There are no "fees" per se, but the conversion rate is constructed using price levels and often leaves us with ~1% extra BTC after. That BTC goes to boost the buffer to reduce potential damage from sends in the future. Nobody is getting rich of VeriBit. It's designed to help the community, not make much profit.

I am very excited about its release. If you are skeptical about it, just don't use it. The core of VeriCoin is the open code and blockchain. The "apps" we have made for it just add utility. And while centralized right now, we are decentralizing VeriSend after we finish testing and anybody can open their own ringnodes. VeriBit, due to the mechanism in which it works, will always remain controlled by us (though anyone could make a similar service) as well as VeriSMS (someone could also make a version of that). Both are relatively expensive to maintain and we are funding them with VeriFund donations.

Don't forget: Today marks a new era in Crypto. Gone are the days where a user must make an exchange account to spend his or her altcoins. With direct VRC to BTC spending, it's time for the most utilitarian coin, VeriCoin, to shine.

[cryptodevil]

I was right, massive dump/correction/pull back whatever you want to call it, it happened.

No you weren't, Mystic Meg, you 'predicted' a 'significant pull-back' was going to occur within 12 hours, yesterday morning. When that didn't happen you excused your error by claiming TA is usually right and that other factors affect the market price. Now there was a surge today, with the accompanying blow-off as expected, you want to claim you were right?

Great steaming piles of Intellectual Dishonesty.

[Reavon]

Watch twitter @pnosker VeriBit official release for everyone in about 16 Hours.

And 28.06.2014 we will have a new wallet with VeriAnon and VeriBit integrated.

[Djinou94]

What is Veribit?

[ssmc2]

as a pump to "ATH" with Veri a few weeks ago. Shouldn't that have been the end of the coin according to your logic?

Yes. It may have been, but with each successive ATH, it gets closer to the peak.

Have a look at this - it's not going back up there anytime soon because the big profit takers don't come back once they're done unless there's some kind of *major* reason for risk taking.

http://www.cryptocoincharts.info/v2/pair/vrc/btc/mintpal/10-days

It's one thing taking a risk when a coin's on the deck, quite another when it's at 4 times it's value when you first bought in and surrounded by juicy "unpumped" alternatives.

DRK is in a special category - a genuine original. Thats not to take anything away technically from the others. They're al interesting in their own way, it's just that "technically interesting" isn't nearly enough to move markets.

Lol ok ok. That's a cool chart and all but let's say you click on the Polo 1 month tab....oh look at that. Perspective. That's all I'm saying.