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

[drkman]

What's the best way to buy BTC so I can buy more VRC?

PM me.

[T.Stuart]

VeriSend and VeriBit have already been proven technology. The development team always delivers and on time.

There has been 0 evidence to the contrary, so stop with the FUD.

This coin is severely undervalued, not overpriced. Did you miss the train or something?

Nice pump!  

[Crindon]

What's the best way to buy BTC so I can buy more VRC?

CoinBase if you are in the US.
cavirtex.com if you are in Canada.

Not sure about other locations.

[Crindon]

VeriSend and VeriBit have already been proven technology. The development team always delivers and on time.

There has been 0 evidence to the contrary, so stop with the FUD.

This coin is severely undervalued, not overpriced. Did you miss the train or something?

Nice pump!  

Not a pump, it's the truth. The underlying centralization problem will be fixed because both technologies will be incorporated into the wallet. The team is also solid, Microsoft OneDrive software engineer and two Ph.D. candidates in computational biology/engineering as opposed to randomcrapcoincloner17 with mad coin coding skillz.

[blizeH]

I think now it is overpriced... If it drop down back under previous price I start to think to buy some...

A common refrain on these forums 

What will happen is it will climb up to 50, then go back down to a 'cheap' 45 or so and he'll buy in, kicking himself for not getting in earlier

(or at least that's happened to me, plenty of times before)

[leckey]

Are there any VRC faucets? I been looking for a week now to find one and no luck.

Its not many people yet, but a few are checking out the FreeVeriCoin.com site and It would be nice to help get them to a faucet.

I have one at http://vrcfaucet.visitbit.com/ - I loaded it up with 900 VRC last week and it's all gone now, so faucet is dry - nobody donated to keep it alive.

Actually, as it turns out, faucet is no longer dry. Thank you to whoever donated.

[onsightit]

Quick question, I am new to staking. I started last night, and the time to my first interest payment has decreased by about 7 days in 14 hours or so. Can anyone explain what the process is used to determine the length until payout?

This is defined in the file bitcoingui.cpp in the qt folder of the source.  The way it's defined is as follows:

        unsigned nEstimateTime = nTargetSpacing * nNetworkWeight / nWeight;

        QString text;
        if (nEstimateTime < 60)
        {
            text = tr("%n second(s)", "", nEstimateTime);
        }
        else if (nEstimateTime < 60*60)
        {
            text = tr("%n minute(s)", "", nEstimateTime/60);
        }
        else if (nEstimateTime < 24*60*60)
        {
            text = tr("%n hour(s)", "", nEstimateTime/(60*60));
        }
        else
        {
            text = tr("%n day(s)", "", nEstimateTime/(60*60*24));
        }

nTargetSpacing is 1 minute (the blocktime).
nNetworkWeight is the current network stake weight.
nWeight is the the amount of coins you have eligible for staking.

So essentially the program estimates the time required for staking by looking at your coins, determining which ones can stake, and dividing it by the total network stake weight.

Thanks for digging into the code.  So is staking per address?  If all your coins are in one address, does it just speed up the interest payments?  I would assume the amount earned should be the same whether staking in one or multiple addresses.  Can someone confirm?

[thph]

love the idea, i´m backer nr.5

ok all the startjoin campaign for the Physical Vericoins is now active. Please go here to donate: https://www.startjoin.com/physvericoin
Don't forget to spread the word!!!

P.S. here is a link to a mock up of the coins to provide an idea of what the coins will look like, keep in mind this is a first draft and subject to change but should provide a good idea of how the coins will look https://imgur.com/a/7bA1I

Four backers already! keep it going guys!

[IanFoxley]

Are there any VRC faucets? I been looking for a week now to find one and no luck.

Its not many people yet, but a few are checking out the FreeVeriCoin.com site and It would be nice to help get them to a faucet.

I have one at http://vrcfaucet.visitbit.com/ - I loaded it up with 900 VRC last week and it's all gone now, so faucet is dry - nobody donated to keep it alive.

Actually, as it turns out, faucet is no longer dry. Thank you to whoever donated.

Pnosker filled it up for you!
https://bitcointalk.org/index.php?topic=602041.msg7549464#msg7549464

[buy4crypto]

Are there any VRC faucets? I been looking for a week now to find one and no luck.

Its not many people yet, but a few are checking out the FreeVeriCoin.com site and It would be nice to help get them to a faucet.

I have one at http://vrcfaucet.visitbit.com/ - I loaded it up with 900 VRC last week and it's all gone now, so faucet is dry - nobody donated to keep it alive.

Actually, as it turns out, faucet is no longer dry. Thank you to whoever donated.

Believe the dev did, I got you updated on FreeVeriCoin.com right now as the only faucet and my traffic been slowly increasing so that should send a few more your way as well. Will work on improvement and gathering more in the upcoming days, and years.

[Crindon]

During due diligence, institutional investors will want to know who the developers are for transparency, the sake of accountability, and competence assessment. They will want to know the first and last names of the developers, their past work and education history and current projects. A photograph of who the developers are would be nice too. This is all present in VRC. This coin has a lot of potential because of this.

[Fippy]

What if VRC reaches 1,000,000 satoshis before summer's end?

Maybe if developers fulfill all their promises.
And if people and market will like this coin and adopt it.

How many users it has so far? one hundred or one thousand maybe?
I think now it is overpriced, there is no need for this coin to be expensive in comparison with bitcoin. If it drop down back under previous price I start to think to buy some, Not for this price

Not to sound too terribly insulting here...but you are nuts. In case you hadn't noticed, VRC is now almost a pseudo-substitute for Bitcoin. Once people start putting two and two together, this is going to go bonkers.

Personally, I don't think 1+ mil satoshi per VRC is an "if", I think it is a "when".

[SaveForrest]

This coin is severely undervalued, not overpriced. Did you miss the train or something?

Nice pump!  

Yes exactly for someone who minted shitload of this coin during initial week of course any price is low.... but for me ( I have 2 btc) this is not good price to buy at....

[jdebunt]

http://www.cryptoarticles.com/crypto-news/order-your-silver-vericoin-today-only-40-available

Get em while they are hot

[pratico]

What if VRC reaches 1,000,000 satoshis before summer's end?

Maybe if developers fulfill all their promises.
And if people and market will like this coin and adopt it.

How many users it has so far? one hundred or one thousand maybe?
I think now it is overpriced, there is no need for this coin to be expensive in comparison with bitcoin. If it drop down back under previous price I start to think to buy some, Not for this price

Not to sound too terribly insulting here...but you are nuts. In case you hadn't noticed, VRC is now almost a pseudo-substitute for Bitcoin. Once people start putting two and two together, this is going to go bonkers.

Personally, I don't think 1+ mil satoshi per VRC is an "if", I think it is a "when".

Comments like these are generally a solid indicator to sell.

[SaveForrest]

I remember last summer,
I was putting my money to Xencoin and where is this fucker now... I lost several thousand USD.....
they were promising the same - a bank, lending , etc and it turned out to be a scam only, the developers premined 5%, sold it all before bank should appear and then went gone with money

since that time I don't like promises like this and I am very carefull about all altcoins
all is just pump and dump for developers

[SaveForrest]

Not a pump, it's the truth. The underlying centralization problem will be fixed because both technologies will be incorporated into the wallet. The team is also solid, Microsoft OneDrive software engineer and two Ph.D. candidates in computational biology/engineering as opposed to randomcrapcoincloner17 with mad coin coding skillz.

LongTerm Capital Management had 2 nobel price doctors and they lost all money............

centralization and big expectations is bad

so far its classical pump and dump again

[onsightit]

VRC market cap has increased by $1M in just 24 hours.  Now in 14th place...

https://coinmarketcap.com/all.html

[Crindon]

I remember last summer,
I was putting my money to Xencoin and where is this fucker now... I lost several thousand USD.....
they were promising the same - a bank, lending , etc and it turned out to be a scam only, the developers premined 5%, sold it all before bank should appear and then went gone with money

since that time I don't like promises like this and I am very carefull about all altcoins
all is just pump and dump for developers

What were the first and last names of the Xencoin developers and where did they go to school? Where do they work now? Do they hold any patents?

This isn't Xencoin.

http://www.linkedin.com/pub/david-boehm/62/1a6/983
http://www.linkedin.com/in/pnosker
http://www3.cabm.rutgers.edu/about/news_patent_awards.php
http://www.researchgate.net/profile/Douglas_Pike

[buy4crypto]

Anyone have any questions / Answers they feel I should add to the F.A.Q?

I am pretty happy with the progress in past 24 hours on the 2 VeriCoin sites. A lot more to do but things are coming together! If anyone needs support for VeriCoin related issues you know where to find me!