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

[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.

[1714151275]

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[1714151275]

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[1714151275]

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[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.

[buy4crypto]

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.

Will they be able to be used in conjunction does anyone know?

[pnosker]

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.

Will they be able to be used in conjunction does anyone know?

We designed it so all VeriBit transactions are processed through VeriSend (anon).

[PUMPBANDIT]

Nothing seems to be able to kill this coin, even hard sells.
Guess they must be mad every time they see the buy backs.
Anything that pushes through these shorteners makes me happy!

[buy4crypto]

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.

Will they be able to be used in conjunction does anyone know?

We designed it so all VeriBit transactions are processed through VeriSend (anon).

I see what you did there! Very nice work. Cannot wait to see all the hard work soon!

[X-Laboratories]

38.2% Fibo support and rsi reversing.
Have a good trade.

[Reavon]

Nothing seems to be able to kill this coin, even hard sells.
Guess they must be mad every time they see the buy backs.
Anything that pushes through these shorteners makes me happy!

Good to hear wallet is finally getting an upgrade!
Fingers crossed staking is worked out properly, because its been a month now of problems with staking.
All be it, everything else has been smooth sailing.

I have been staking without anyproblem . Just make sure you are connected to internet without interruption.

Thats what i have done :

1. Download Wallet at vericoin.info
2. Sync wallet.
3. Encrypte wallet.
4. Send 19K vericoin to wallet.
5. Unlock wallet (works only if encrypted)
6. Wait... min 1 day .

I got confirmed staking after exact 8 hours. Than 24 Hours later i got 1,3 VRC interest on my wallet. That 420 coins a year thats ~2,1% stake interest.

[Reavon]

What is Veribit?

VeriBit is a service which converts VeriCoin into BTC , so you can shop anywhere BTC is accepted ...WITH VERICOIN!
Game changer application in my oppinion.

[Reavon]

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.

sry for quoting so much but this is going to be stand on every site!... and i want to become HeroMember so i need posts

[ScottAllyn]

What is Veribit?

VeriBit is a feature that allows people to use/spend VeriCoins anywhere that Bitcoins are accepted. Here is a desktop video of me using the current implementation to buy a Papa Johns Pizza gift certificate:

http://youtu.be/PLuBgdQJ6NQ

[Djinou94]

What is Veribit?

VeriBit is a service which converts VeriCoin into BTC , so you can shop anywhere BTC is accepted ...WITH VERICOIN!
Game changer application in my oppinion.

Oh ok interesting

[germsite]

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.

That's useful, and very pertinent information that needs to be layed out clearly for people, so that they can decide whether they are happy to pay the ~1% premium. It's an interesting development, I look forward to seeing how it's received.

[hitchcoin]

What is Veribit?

VeriBit is a feature that allows people to use/spend VeriCoins anywhere that Bitcoins are accepted. Here is a desktop video of me using the current implementation to buy a Papa Johns Pizza gift certificate:

http://youtu.be/PLuBgdQJ6NQ

wow...thank you for that! Well i guess we should thank the dev's, but thank you for taking the time to post that video.

[cryptodevil]

38.2% Fibo support and rsi reversing.
Have a good trade.

Oh FFS, will you just shove it up your . . .jumper, with all the BS 'TA' bologna.

Nobody here wants to see your stupid-ass graphs with wiggle lines and 'clever' phrases that describe, well, what do they describe, oh yes, vague hand-wavy nonsense that may or may not come to pass but, either way, you'll have a reason to excuse why it didn't and a crowing i-told-you-so if it does.

Go tell it to people who have yet to grasp critical thinking and objective reasoning. I believe you might needed over in the Silkcoin thread.

[pnosker]

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.

That's useful, and very pertinent information that needs to be layed out clearly for people, so that they can decide whether they are happy to pay the ~1% premium. It's an interesting development, I look forward to seeing how it's received.

It's not a 1% premium when the market goes down. The system just calculates the lowest price required to ensure it can buy back the BTC. We trained it so it will be minimal. Really, it's just a price. The % depends on how much BTC you want. The more BTC, the higher the rate-- it's just how the market works.