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

[pnosker]

panic dump on mintpal...someone want more and cheap coins... sell wall @ 0.00029670   100000.00000000   vrc

That's not a panic dump. A panic dump is when someone sells a large amount into the buys, namely, dumps straight out of the coin they are in into BTC.

That sell wall is an attempt at market manipulation, that's all. Check the network dynamic stake rate, I think you'll find there are more people staking by holding coins in their wallets than keeping them on exchanges for trading.

GREAT JOB increasing that staking Team!  Today we broke another record and are currently staking a massive 12 million Vericoins!  As we all work together and stake all the coins we own, it becomes harder and harder for Vericoin to do any meaningful and lasting drops and easier for Vericoin to go up.  One of the reasons Tesla stock skyrocketed from $25 to $100 and then $200 is because Elon and friends owned 60+% of the shares which gave Tesla stock a very low tradeable float.  When we stake all our coins, we are reducing the float of available Vericoins to sell and creating a similar situation to Tesla stock.

Keep up the Great Work!

Currently only 9.6 million stake, which is a bot of a concern, people have moved the coins to the exchanges.

While this certainly could be true, staking is cyclic and 9.6 is within the area of potential "cooldown period" of the previously staked coins. I wouldn't read too much into this until the staking level goes to 6 M or less.

[onsightit]

The 3rd place wallet that recently came out of nowhere just added another 200k Vericoins and now owns over 1 million Vericoins.  Darn Rich guys keep buying more Vericoins and pushing me further down the list.  LOL. 

Got a link to the richlist?

www.veririch.com

Keep in mind, those are not wallets, but addresses.  I use multiple addresses myself to keep off the list. ;-)

[Amalgamus]

panic dump on mintpal...someone want more and cheap coins... sell wall @ 0.00029670   100000.00000000   vrc

That's not a panic dump. A panic dump is when someone sells a large amount into the buys, namely, dumps straight out of the coin they are in into BTC.

That sell wall is an attempt at market manipulation, that's all. Check the network dynamic stake rate, I think you'll find there are more people staking by holding coins in their wallets than keeping them on exchanges for trading.

GREAT JOB increasing that staking Team!  Today we broke another record and are currently staking a massive 12 million Vericoins!  As we all work together and stake all the coins we own, it becomes harder and harder for Vericoin to do any meaningful and lasting drops and easier for Vericoin to go up.  One of the reasons Tesla stock skyrocketed from $25 to $100 and then $200 is because Elon and friends owned 60+% of the shares which gave Tesla stock a very low tradeable float.  When we stake all our coins, we are reducing the float of available Vericoins to sell and creating a similar situation to Tesla stock.

Keep up the Great Work!

Currently only 9.6 million stake, which is a bot of a concern, people have moved the coins to the exchanges.

[onsightit]

Is it possible to have a VeriCoin wallet in a Raspberry Pi? If "yes" is it safe? I'll only use the Raspberry to the VeriCoin Wallet while Staking (less power and I'll be able to shutdown my main computer).

Please explain this....veri interested!

I've got some reply in the IRC and yes, it's possible and because it's linux it's safe/secure as it can be because are less virus for linux. They also said that the android wallet it's also an option... so will wait because if the android wallet works ok I can buy a cheap android smartphone just to have my wallet staking....

The raspberry Pi is cheaper than a cheap smartphone but I would have to buy accessories for it and certainly would become more expensive than a smartphone ready to go.

Hmmm, great idea.  Is there a way to port an encrypted wallet to linux?  Or, can you just have the wallet on a network share and run the client on any platform?  I'm sure there is a way, but if someone has already done so, please share.  Thx...

[crypto.dre]

Hey so i think I'm doing something wrong still kind of a noob. I'm having staking issues, I've left my wallet open for two days now and nothing no stake and when I check the icon on the bottom it says that the expected time to earn interest is 19 days? Is that normal? I'm using the mac wallet v1.2.4.0-g32a928e on mac os X lion 10.7.

[Amalgamus]

panic dump on mintpal...someone want more and cheap coins... sell wall @ 0.00029670   100000.00000000   vrc

That's not a panic dump. A panic dump is when someone sells a large amount into the buys, namely, dumps straight out of the coin they are in into BTC.

That sell wall is an attempt at market manipulation, that's all. Check the network dynamic stake rate, I think you'll find there are more people staking by holding coins in their wallets than keeping them on exchanges for trading.

GREAT JOB increasing that staking Team!  Today we broke another record and are currently staking a massive 12 million Vericoins!  As we all work together and stake all the coins we own, it becomes harder and harder for Vericoin to do any meaningful and lasting drops and easier for Vericoin to go up.  One of the reasons Tesla stock skyrocketed from $25 to $100 and then $200 is because Elon and friends owned 60+% of the shares which gave Tesla stock a very low tradeable float.  When we stake all our coins, we are reducing the float of available Vericoins to sell and creating a similar situation to Tesla stock.

Keep up the Great Work!

Currently only 9.6 million stake, which is a bot of a concern, people have moved the coins to the exchanges.

I have to write it out again (bloody technology!)

It's not not quite true that because you see less vrc "staking" people are moving out their coins to the exchanges. In my wallet I have at this time only 12% of my coins staking. A few hours ago I even had roughly 5%. And i have ner removed a single coin out of my wallet. That being said i still get the amount of interest promised.

[sdmathis]

Hey so i think I'm doing something wrong still kind of a noob. I'm having staking issues, I've left my wallet open for two days now and nothing no stake and when I check the icon on the bottom it says that the expected time to earn interest is 19 days? Is that normal? I'm using the mac wallet v1.2.4.0-g32a928e on mac os X lion 10.7.

The more money in your wallet, the faster it will stake. 19 days is normal if your balance is low (100-150 coins?). If your balance is 50,000, it's not normal. It sounds to me that you have a low balance in your wallet and will have to wait longer than two days to get interest.

[drkman]

panic dump on mintpal...someone want more and cheap coins... sell wall @ 0.00029670   100000.00000000   vrc

That's not a panic dump. A panic dump is when someone sells a large amount into the buys, namely, dumps straight out of the coin they are in into BTC.

That sell wall is an attempt at market manipulation, that's all. Check the network dynamic stake rate, I think you'll find there are more people staking by holding coins in their wallets than keeping them on exchanges for trading.

GREAT JOB increasing that staking Team!  Today we broke another record and are currently staking a massive 12 million Vericoins!  As we all work together and stake all the coins we own, it becomes harder and harder for Vericoin to do any meaningful and lasting drops and easier for Vericoin to go up.  One of the reasons Tesla stock skyrocketed from $25 to $100 and then $200 is because Elon and friends owned 60+% of the shares which gave Tesla stock a very low tradeable float.  When we stake all our coins, we are reducing the float of available Vericoins to sell and creating a similar situation to Tesla stock.

Keep up the Great Work!

Currently only 9.6 million stake, which is a bot of a concern, people have moved the coins to the exchanges.

While this certainly could be true, staking is cyclic and 9.6 is within the area of potential "cooldown period" of the previously staked coins. I wouldn't read too much into this until the staking level goes to 6 M or less.

Correct.  The staking amount will always be fluctuating between a range as some coins begin staking and others finish staking.  The staking range used to bounce between 7 and 9 million, now it bounces between 9 million and 12 million.  It will be awesome if we can keep creeping this avg staking range higher and higher week after week, little by little.

[ssmc2]

I love a good stake 

[Ed4252]

How can you find out the amt of coins being staked for the whole network?

[sesko]

How can you find out the amt of coins being staked for the whole network?

You can see it in your wallet, hover mouse button over V sign (network stake). Or in your wallet console type "getmininginfo, and at: netstakeweight you'll see the number. Right now there's 10mil. coins staking.

[ScottAllyn]

The 3rd place wallet that recently came out of nowhere just added another 200k Vericoins and now owns over 1 million Vericoins.  Darn Rich guys keep buying more Vericoins and pushing me further down the list.  LOL. 

That's a MintPal address. Half of the Top Ten addresses actually belong to MintPal.

The Richlist is fun but I wouldn't put too much stock into it. There are very likely many people who don't show up in the appropriate position due to having their coins distributed among multiple addresses. In many cases, when a user sends coins from his/her wallet, the balance will end up being split between the original address and a new "(change)" address.

[crypto.dre]

Hey so i think I'm doing something wrong still kind of a noob. I'm having staking issues, I've left my wallet open for two days now and nothing no stake and when I check the icon on the bottom it says that the expected time to earn interest is 19 days? Is that normal? I'm using the mac wallet v1.2.4.0-g32a928e on mac os X lion 10.7.

The more money in your wallet, the faster it will stake. 19 days is normal if your balance is low (100-150 coins?). If your balance is 50,000, it's not normal. It sounds to me that you have a low balance in your wallet and will have to wait longer than two days to get interest.

Oh I see yes I had >50 coins and then I add a few hundred yesterday so now just shy of 400. Hopefully it picks up thanks though wasn't sure what was happening.

[zsp]

Is it possible to have a VeriCoin wallet in a Raspberry Pi? If "yes" is it safe? I'll only use the Raspberry to the VeriCoin Wallet while Staking (less power and I'll be able to shutdown my main computer).

Please explain this....veri interested!

I've got some reply in the IRC and yes, it's possible and because it's linux it's safe/secure as it can be because are less virus for linux. They also said that the android wallet it's also an option... so will wait because if the android wallet works ok I can buy a cheap android smartphone just to have my wallet staking....

The raspberry Pi is cheaper than a cheap smartphone but I would have to buy accessories for it and certainly would become more expensive than a smartphone ready to go.

How would a smart phone be cheaper than the Raspberry Pi? All you need to access to your Pi an Ethernet cable, connect to your ADSL router and then ssh to the small box. Even cheaper a BeagleBone Black, same ARM core and I prefer it over Raspberry PI, but the two are kind of same.

Anyway, I got into this vericoin 1 week ago and since I have been thinking to build a wallet for the ARM boards like Raspberry PI and BeagleBone Black. Now I am checking their source code and will try put together and compile something with gcc-arm-linux-gnueabi. I think using Raspberry PI/BeagleBone Black would really the perfect solution for staking. I am getting tired that the wallet needs to run all day in order to stake - the  small 5.5V ARM boards that could run all day would be the perfect candidates to perform the staking task. Of course there won't be fancy user interface with fading out icons just command line, but that's should be OK. There are always trade of between performance/robustness and convenience with software applications. Once I have time I will try to get done the ARM wallet.

[criptix]

Is it possible to have a VeriCoin wallet in a Raspberry Pi? If "yes" is it safe? I'll only use the Raspberry to the VeriCoin Wallet while Staking (less power and I'll be able to shutdown my main computer).

Please explain this....veri interested!

I've got some reply in the IRC and yes, it's possible and because it's linux it's safe/secure as it can be because are less virus for linux. They also said that the android wallet it's also an option... so will wait because if the android wallet works ok I can buy a cheap android smartphone just to have my wallet staking....

The raspberry Pi is cheaper than a cheap smartphone but I would have to buy accessories for it and certainly would become more expensive than a smartphone ready to go.

How would a smart phone be cheaper than the Raspberry Pi? All you need to access to your Pi an Ethernet cable, connect to your ADSL router and then ssh to the small box. Even cheaper a BeagleBone Black, same ARM core and I prefer it over Raspberry PI, but the two are kind of same.

Anyway, I got into this vericoin 1 week ago and since I have been thinking to build a wallet for the ARM boards like Raspberry PI and BeagleBone Black. Now I am checking their source code and will try put together and compile something with gcc-arm-linux-gnueabi. I think using Raspberry PI/BeagleBone Black would really the perfect solution for staking. I am getting tired that the wallet needs to run all day in order to stake - the  small 5.5V ARM boards that could run all day would be the perfect candidates to perform the staking task. Of course there won't be fancy user interface with fading out icons just command line, but that's should be OK. There are always trade of between performance/robustness and convenience with software applications. Once I have time I will try to get done the ARM wallet.

hello,

the process of staking is not only for creating interest but also for running and securing the network

but nevertheless there was one feature called VeriBank planned. i think thats something like a online wallet where you can stake your coins, i think exactly the feature you want (no open wallet running 24 h).

also a raspberry pi cost around 30+, a smartphone 50+.

[zsp]

Is it possible to have a VeriCoin wallet in a Raspberry Pi? If "yes" is it safe? I'll only use the Raspberry to the VeriCoin Wallet while Staking (less power and I'll be able to shutdown my main computer).

Please explain this....veri interested!

I've got some reply in the IRC and yes, it's possible and because it's linux it's safe/secure as it can be because are less virus for linux. They also said that the android wallet it's also an option... so will wait because if the android wallet works ok I can buy a cheap android smartphone just to have my wallet staking....

The raspberry Pi is cheaper than a cheap smartphone but I would have to buy accessories for it and certainly would become more expensive than a smartphone ready to go.

How would a smart phone be cheaper than the Raspberry Pi? All you need to access to your Pi an Ethernet cable, connect to your ADSL router and then ssh to the small box. Even cheaper a BeagleBone Black, same ARM core and I prefer it over Raspberry PI, but the two are kind of same.

Anyway, I got into this vericoin 1 week ago and since I have been thinking to build a wallet for the ARM boards like Raspberry PI and BeagleBone Black. Now I am checking their source code and will try put together and compile something with gcc-arm-linux-gnueabi. I think using Raspberry PI/BeagleBone Black would really the perfect solution for staking. I am getting tired that the wallet needs to run all day in order to stake - the  small 5.5V ARM boards that could run all day would be the perfect candidates to perform the staking task. Of course there won't be fancy user interface with fading out icons just command line, but that's should be OK. There are always trade of between performance/robustness and convenience with software applications. Once I have time I will try to get done the ARM wallet.

Btw, I am not experienced in Android development, but as far as I know it is not suitable for such applications like the 24/7 staking wallet. I am sure applications can run as a background process in Android, but perhaps not such intensive cryptography tasks, but again I am not sure, an Android developer would know that. As guys above pointed it out quite rightly the small ARM board are the really perfect tools for teh network enabled staking.

[bit-coin.pt]

‪#‎VeriCoin‬ Google Hangout at 9:30 PM EST on 6/26! ‪#‎VRC‬

No link available yet - Still awaiting -

[zsp]

Is it possible to have a VeriCoin wallet in a Raspberry Pi? If "yes" is it safe? I'll only use the Raspberry to the VeriCoin Wallet while Staking (less power and I'll be able to shutdown my main computer).

Please explain this....veri interested!

I've got some reply in the IRC and yes, it's possible and because it's linux it's safe/secure as it can be because are less virus for linux. They also said that the android wallet it's also an option... so will wait because if the android wallet works ok I can buy a cheap android smartphone just to have my wallet staking....

The raspberry Pi is cheaper than a cheap smartphone but I would have to buy accessories for it and certainly would become more expensive than a smartphone ready to go.

How would a smart phone be cheaper than the Raspberry Pi? All you need to access to your Pi an Ethernet cable, connect to your ADSL router and then ssh to the small box. Even cheaper a BeagleBone Black, same ARM core and I prefer it over Raspberry PI, but the two are kind of same.

Anyway, I got into this vericoin 1 week ago and since I have been thinking to build a wallet for the ARM boards like Raspberry PI and BeagleBone Black. Now I am checking their source code and will try put together and compile something with gcc-arm-linux-gnueabi. I think using Raspberry PI/BeagleBone Black would really the perfect solution for staking. I am getting tired that the wallet needs to run all day in order to stake - the  small 5.5V ARM boards that could run all day would be the perfect candidates to perform the staking task. Of course there won't be fancy user interface with fading out icons just command line, but that's should be OK. There are always trade of between performance/robustness and convenience with software applications. Once I have time I will try to get done the ARM wallet.

hello,

the process of staking is not only for creating interest but also for running and securing the network

but nevertheless there was one feature called VeriBank planned. i think thats something like a online wallet where you can stake your coins, i think exactly the feature you want (no open wallet running 24 h).

also a raspberry pi cost around 30+, a smartphone 50+.

Yes, I assumed that it must do some networking :-)) but as I said I am checking the source code to figure out whether it is feasible to implement it on an ARM board.

About the cost, please, we are talking about wallet for alt coin, so £30.00 is really the cost here? I spent today to try get my head around the P&D shit £400.00 worth time :-)) not to mention that people are investing many BTCs, to have a secure and dedicated £30.00 small box shouldn't be an issue for any VRC holder.
I am not sure about the VeriBank. It's matter of preference, and personally I would prefer to keep my coins next to my router in a secure ARM box that makes an encrypted network backup every day than left my coins with a third party service provider. But that's just my preference. My wife left me (fortunately actually), so at least I could hug my ARM board wallet if I keep the coins in that :-)))

[criptix]

Is it possible to have a VeriCoin wallet in a Raspberry Pi? If "yes" is it safe? I'll only use the Raspberry to the VeriCoin Wallet while Staking (less power and I'll be able to shutdown my main computer).

Please explain this....veri interested!

I've got some reply in the IRC and yes, it's possible and because it's linux it's safe/secure as it can be because are less virus for linux. They also said that the android wallet it's also an option... so will wait because if the android wallet works ok I can buy a cheap android smartphone just to have my wallet staking....

The raspberry Pi is cheaper than a cheap smartphone but I would have to buy accessories for it and certainly would become more expensive than a smartphone ready to go.

How would a smart phone be cheaper than the Raspberry Pi? All you need to access to your Pi an Ethernet cable, connect to your ADSL router and then ssh to the small box. Even cheaper a BeagleBone Black, same ARM core and I prefer it over Raspberry PI, but the two are kind of same.

Anyway, I got into this vericoin 1 week ago and since I have been thinking to build a wallet for the ARM boards like Raspberry PI and BeagleBone Black. Now I am checking their source code and will try put together and compile something with gcc-arm-linux-gnueabi. I think using Raspberry PI/BeagleBone Black would really the perfect solution for staking. I am getting tired that the wallet needs to run all day in order to stake - the  small 5.5V ARM boards that could run all day would be the perfect candidates to perform the staking task. Of course there won't be fancy user interface with fading out icons just command line, but that's should be OK. There are always trade of between performance/robustness and convenience with software applications. Once I have time I will try to get done the ARM wallet.

hello,

the process of staking is not only for creating interest but also for running and securing the network

but nevertheless there was one feature called VeriBank planned. i think thats something like a online wallet where you can stake your coins, i think exactly the feature you want (no open wallet running 24 h).

also a raspberry pi cost around 30+, a smartphone 50+.

Yes, I assumed that it must do some networking :-)) but as I said I am checking the source code to figure out whether it is feasible to implement it on an ARM board.

About the cost, please, we are talking about wallet for alt coin, so £30.00 is really the cost here? I spent today to try get my head around the P&D shit £400.00 worth time :-)) not to mention that people are investing many BTCs, to have a secure and dedicated £30.00 small box shouldn't be an issue for any VRC holder.
I am not sure about the VeriBank. It's matter of preference, and personally I would prefer to keep my coins next to my router in a secure ARM box that makes an encrypted network backup every day than left my coins with a third party service provider. But that's just my preference. My wife left me (fortunately actually), so at least I could hug my ARM board wallet if I keep the coins in that :-)))

sure i agree, a dedicated device like a raspberry pi would be ideal for for the wallet
it was just from the perspective of non-tech people and for a easier access to vericoin staking without using a pc.
a smartphone would be a way easier solution for them i think (especially if a majority of people living in an industry nation already have a smartphone).

[zsp]

Is it possible to have a VeriCoin wallet in a Raspberry Pi? If "yes" is it safe? I'll only use the Raspberry to the VeriCoin Wallet while Staking (less power and I'll be able to shutdown my main computer).

Please explain this....veri interested!

I've got some reply in the IRC and yes, it's possible and because it's linux it's safe/secure as it can be because are less virus for linux. They also said that the android wallet it's also an option... so will wait because if the android wallet works ok I can buy a cheap android smartphone just to have my wallet staking....

The raspberry Pi is cheaper than a cheap smartphone but I would have to buy accessories for it and certainly would become more expensive than a smartphone ready to go.

How would a smart phone be cheaper than the Raspberry Pi? All you need to access to your Pi an Ethernet cable, connect to your ADSL router and then ssh to the small box. Even cheaper a BeagleBone Black, same ARM core and I prefer it over Raspberry PI, but the two are kind of same.

Anyway, I got into this vericoin 1 week ago and since I have been thinking to build a wallet for the ARM boards like Raspberry PI and BeagleBone Black. Now I am checking their source code and will try put together and compile something with gcc-arm-linux-gnueabi. I think using Raspberry PI/BeagleBone Black would really the perfect solution for staking. I am getting tired that the wallet needs to run all day in order to stake - the  small 5.5V ARM boards that could run all day would be the perfect candidates to perform the staking task. Of course there won't be fancy user interface with fading out icons just command line, but that's should be OK. There are always trade of between performance/robustness and convenience with software applications. Once I have time I will try to get done the ARM wallet.

hello,

the process of staking is not only for creating interest but also for running and securing the network

but nevertheless there was one feature called VeriBank planned. i think thats something like a online wallet where you can stake your coins, i think exactly the feature you want (no open wallet running 24 h).

also a raspberry pi cost around 30+, a smartphone 50+.

Yes, I assumed that it must do some networking :-)) but as I said I am checking the source code to figure out whether it is feasible to implement it on an ARM board.

About the cost, please, we are talking about wallet for alt coin, so £30.00 is really the cost here? I spent today to try get my head around the P&D shit £400.00 worth time :-)) not to mention that people are investing many BTCs, to have a secure and dedicated £30.00 small box shouldn't be an issue for any VRC holder.
I am not sure about the VeriBank. It's matter of preference, and personally I would prefer to keep my coins next to my router in a secure ARM box that makes an encrypted network backup every day than left my coins with a third party service provider. But that's just my preference. My wife left me (fortunately actually), so at least I could hug my ARM board wallet if I keep the coins in that :-)))

Anyway, I think if the devs aim to build an ecosystem around their coins a hardware is always a good marketing vehicle. USB sticks, smart cards, payment terminals, etc. Non of them very difficult to get done, these days are tons off application references from MCU manufacturers, but it could create lots of interests and news. How cool it would be the have a VeriCoin retail payment terminal? This is really not rocket science a graduate engineer should be able to put it together ... especially that in this alt coint world no regulatory requirements to comply with :-)))