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

[Reavon]

Paying directly from the exchange is already 100% anonymous

Except for all the information that links you to your exchange account. Even if it's just an email account, that account links on to somewhere else where it has been used to register an account for you on another unrelated service and so on, whereby, over time you gave your name or a delivery address for some goods to a supplier and, bingo, that Exchange address now clearly belongs to you and any payments sent from it are, indeed, linked to you.

Yes, yes, you might have used TOR and a disposable Email address when you registered for your exchange account and all the other guff that nobody with nothing worth hiding bothers with. If so, then why bother complaining that this service does nothing for you when it clearly does a ton for everybody else.

All I'm saying is that I don't see how VeriBit is useful at all to drive that much fee in the dev's pocket... I mean... 1%... for real now
If you want to pay for something that accepts BTC, just exchange some VRC for BTC and pay with BTC...is that simple...

Its not about anonymity here, I was just answering to somebody's else point of view...

I gave 1% as an example. In reality it's less, but with 0.2% fees in each direction from the exchange plus BTC withdraw fee, I don't think it's too crazy. As I said before, don't use it if you don't like it. Some people don't want to have to wait for exchanges.

Can you clarify the 2 VRC transaction fee I thought I read earlier?  That seems odd.  What if VRC goes to 0.025 BTC?  A cup of coffee could get veri expensive!

i think of adjustment

[zsp]

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.

The price crashed 40%+ within 60mins, someone needs a reality check. Yes it will recover. It took a little longer to crash because of the twitter hyping.

This guys https://twitter.com/Daikoku10Crypto was pumping and then offloaded 1 million VRC in 20 minutes.

[pnosker]

Paying directly from the exchange is already 100% anonymous

Except for all the information that links you to your exchange account. Even if it's just an email account, that account links on to somewhere else where it has been used to register an account for you on another unrelated service and so on, whereby, over time you gave your name or a delivery address for some goods to a supplier and, bingo, that Exchange address now clearly belongs to you and any payments sent from it are, indeed, linked to you.

Yes, yes, you might have used TOR and a disposable Email address when you registered for your exchange account and all the other guff that nobody with nothing worth hiding bothers with. If so, then why bother complaining that this service does nothing for you when it clearly does a ton for everybody else.

All I'm saying is that I don't see how VeriBit is useful at all to drive that much fee in the dev's pocket... I mean... 1%... for real now
If you want to pay for something that accepts BTC, just exchange some VRC for BTC and pay with BTC...is that simple...

Its not about anonymity here, I was just answering to somebody's else point of view...

I gave 1% as an example. In reality it's less, but with 0.2% fees in each direction from the exchange plus BTC withdraw fee, I don't think it's too crazy. As I said before, don't use it if you don't like it. Some people don't want to have to wait for exchanges.

Can you clarify the 2 VRC transaction fee I thought I read earlier?  That seems odd.  What if VRC goes to 0.025 BTC?  A cup of coffee could get veri expensive!

We are going to change the 2 VRC as appropriate. We are aiming for it to be insignificant but enough to cover tx fees.

Just want to say while were on the staking issue that I did get paid a stake twice in the last month, and that was without ever encrypting the wallet, then unlocking it, so go figure.  
But the amounts were 0.05 and 0.08 for 450 Veri's.

Theirs issues, and they need addressing asap please. Fingers crossed on the new wallet.


Apart from that and logo font change (yuck, wtf happened their?) everything about Veri has been flawless.

I'm not sure what you're trying to say, but there are no issues with the wallet.

Staking is enabled by default. You will stake up to 100% of your coins. If you don't want to stake you can turn it off in the wallet options via Options and setting a reserve balance.

Encrypting the wallet blocks staking until it is unlocked.

Staking is a 8.3 hour window where the coins cannot be spent.

[cryptodevil]

The price crashed 40%+ within 60mins, someone needs a reality check. Yes it will recover. It took a little longer to crash because of the twitter hyping.

Sure, because when your predictions are right, it's TA, when they're wrong it's 'other market forces'.

Intellectual honesty, try it on for size now and then.

The market moves because it moves, not because it forms pretty shapes in graphs.

[PUMPBANDIT]

This guys https://twitter.com/Daikoku10Crypto was pumping and then offloaded 1 million VRC in 20 minutes.

But the tweet dates don't match.  

[cryptodevil]

Pat, this is feedback of users including myself that are telling you Veri is not staking properly and its personally been like this for a month.
That is what were trying to say, its pretty obvious.

You are in the minority it would seem. Most wallet users have no issues with it. Perhaps if you posted the details of what wallet version you are running, on what system, it might help some way towards resolving your problems.

[PUMPBANDIT]

Wallet - v1.2.4.0-g32a928e

[cryptodevil]

When you hover over the blue icon in the bottom right, what information does it give?

[milkyway]

whats with the dump..

[PUMPBANDIT]

Its blue and says its staking.
Network interest is - 2.2%
network stake - 10759347
Expected time - 2 days

Running win764

[blizeH]

I've just bought in, get ready for the big crash now.

[rygamble]

In other news the fundamentals of this coin put it above all others that I know of. Going to be performing analysis of the serious competitors if there are any in the coming days. Highly undervalued at the moment.

Not trying to be THAT guy, but CloakCoin just updated, TOR built-in, somewhat-centralized anonymous sending for now, trading through wallet, more features to come, and a developer that's active and constantly pushing out new stuff.

[toknormal]

whats with the dump..

Disappointment with US GDP.

Expectations were at +2.6% and it's come in at -2.9.

All blamed on Vericoin. Expect 15k sats incoming  

[pnosker]

This guys https://twitter.com/Daikoku10Crypto was pumping and then offloaded 1 million VRC in 20 minutes.

But the tweet dates don't match.  

I'm not sure what you're trying to say, but there are no issues with the wallet.

Pat, this is feedback of users including myself that are telling you Veri is not staking properly and its personally been like this for a month.
That is what were trying to say, its pretty obvious.

PM me.

[cryptodevil]

Its blue and says its staking.
Network interest is - 2.2%
network stake - 10759347
Expected time - 2 days

Running win764

Everything here is go, it just doesn't do what its meant to do for me.

Similar to what I have, yet mine says staking in 2 hours.

And you leave it open and running 24/7 yes?

[PUMPBANDIT]

Have restarted the pc only once in a month. 24/7 uptime.

[cryptodevil]

Not trying to be THAT guy, but CloakCoin just updated, TOR built-in, somewhat-centralized anonymous sending for now, trading through wallet, more features to come, and a developer that's active and constantly pushing out new stuff.

I don't know what 'guy' you think you might be being but, 'uninformed' appears to fit.

TOR capability is built in to all Bitcoin-based wallets. Just point your proxy setting to a local TOR session.

As Pat already pointed out a while back for Razorcoin's attempted tech coup at marketing itself over a function that was anything but unique.

[onsightit]

Its blue and says its staking.
Network interest is - 2.2%
network stake - 10759347
Expected time - 2 days

Everything here is go, it just doesn't do what its meant to do for me.

Mine says the same now, but yesterday it was saying "no mature coins" when i had a few thousand of them "staked" and a few thousand "spendable".  (I had just bought new coins.)  Now all are "spendable" and it looks like it is trying to stake them all again.  I can assume it is working fine, but I should not have to wade through this forum to figure it out. (And be lambasted with insults in the process.)  Being a programmer, I know the hardest thing to do is to step back and try to understand how the user interacts with your software.  You are too familiar with it yourself to see it from their perspective - can't see the forest for the trees syndrome.

[blizeH]

Okay, so I've got my VRC now... is it just a case of downloading and running the wallet, then transferring the coins to get interest? That's it? Leave the wallet open? (does it consume lots of bandwidth/resources then? ie is it silently mining or something?)

[Bitcycle]

I love this coin, but let's be frank here about veribit for a second.

It's definitely not something you want to use when you intend to be anonymous. You're sending VRC from your wallet through a centralized service to make your payment. You can *never* rely on a centralized service for anonymity because you don't know what records they're keeping. Even if they tell you they aren't keeping any records, there's no way to know that's true.


Veribit is a handy feature, and one I could see myself using.  But be aware that you can't depend on it preserving anonymity.