majeis
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June 30, 2014, 03:13:53 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
Judging by your post history, I'm wondering why you're not pumping xc in all your FUD. Also, can you come up with something better than a Zoolander quote?
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benthach
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June 30, 2014, 03:17:17 AM |
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good to know. seem like you guys getting a show! please post us more and clip when this happen.
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reddit btcwriter1 - twitter kingpininvestor
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effectsToCause (OP)
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June 30, 2014, 03:19:58 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
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pratico
Newbie
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June 30, 2014, 03:24:51 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
Again, how is veribit different than me taking another coin, say DRK, and exchanging it for btc on mintpal to make a purchase? Veribit doesn't revolutionize anything. And guess what, both methods will take a similar amount of time and effort to make a purchase. But Veribit has a 1 btc max right?... Veribit is a gimmick and nothing more.
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MAD945
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June 30, 2014, 03:25:26 AM |
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Gotto admit I was skeptical until I saw verisend work a few times. I'll be buying now as we go up
Verisend is both trusted and centralized (as opposed to trustless and decentralized). In other words, it's a completely worthless anonymity solution. AKA, it's a gimmick, kind of like how veribit is a gimmick, just in a different sort of way. Thanks for the FUD... The Devs have already stated that they are working on complete decentrialized system for Verisend and Veribit. Tell me how its a gimmick, where can I you spend your Dark, XC, Monero, Black, Peer, NXT, NEM? Don't give me 3-5 websites either! Now where can I spend my Vericoin? Oh right....anywhere Bitcoin is! Vericoin = Checkmate other shitcoins! Tell me why I would use VRC to purchase something when I can use bitcoin? All veribit does is allow someone to exchange VRC for btc on their website as opposed to doing so on an exchange. It doesn't get more gimmicky than that. The price of this coin is ridiculously inflated. There is nothing truly innovative that VRC offers. Again your missing the point...what is the point of the other alts? You can't use them for what they are made for...as a means of trade or exchange! Reason being they don't have the market share Bitcoin does. Vericoin gets around this by being able to use the market share of Bitcoin...huge market share. This is just the beginning of this coin...more innovation to come! If these guys can come up something truly new and functional, what else can they come up with!!
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lootz
Legendary
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June 30, 2014, 03:25:56 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
wow do you get paid for putting out all that FUD ?
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Fippy
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UNCLOAK™ - Cyber Threat Detection Powered by EOS™
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June 30, 2014, 03:32:27 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
You are looking at it as someone already familiar with cryptocurrency, and comfortable with the use of exchanges. You have to abandon that narrow field of vision and look at the potential from the outside. Every pretentious tard around here is waiting for 'moon' and 'Wall Street' and 'mass adoption'....but that doesn't happen on it's own. It requires greater market penetration, innovation, exposure, ease of use, the list goes on and on. To you it may be a gimmick. To me it's one more step in the ongoing movement that is cryptocurrency. To be honest mate, not to sound harsh....but if you can't see the potential this brings when we live in a world where everyone just wants "faster", "simpler" and "easier", then you are beyond my help.
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effectsToCause (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2014, 03:32:34 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
Again, how is veribit different than me taking another coin, say DRK, and exchanging it for btc on mintpal to make a purchase? Veribit doesn't revolutionize anything. And guess what, both methods will take a similar amount of time and effort to make a purchase. But Veribit has a 1 btc max right?... Veribit is a gimmick and nothing more. Fungibility
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pratico
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June 30, 2014, 03:33:28 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
Again, how is veribit different than me taking another coin, say DRK, and exchanging it for btc on mintpal to make a purchase? Veribit doesn't revolutionize anything. And guess what, both methods will take a similar amount of time and effort to make a purchase. But Veribit has a 1 btc max right?... Veribit is a gimmick and nothing more. In fact, veribit is harmful. The more people use veribit, the more VRC will be dumped into the markets (as it is being exchanged for btc to make the purchase), only dragging down the price. Looks like vericoin has invented the ultimate dumping machine as it becomes increasingly more "popular."
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GridWorker
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June 30, 2014, 03:35:03 AM |
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However, any Altcoin innovation that brings altcoin usability and utility closer to Bitcoin retail markets has got to be a good thing in the interests of competition and a healthy cryptocurrency industry.
However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin.
Very True I feel like I'm taking crazy pills...
You should probably lay off the crazy pills for a while. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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vrc: VBL3M6EzwcYZWeuDpgjG9bDQzTKb4ydiDy
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criptix
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June 30, 2014, 03:35:37 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
Again, how is veribit different than me taking another coin, say DRK, and exchanging it for btc on mintpal to make a purchase? Veribit doesn't revolutionize anything. And guess what, both methods will take a similar amount of time and effort to make a purchase. But Veribit has a 1 btc max right?... Veribit is a gimmick and nothing more. In fact, veribit is harmful. The more people use veribit, the more VRC will be dumped into the markets (as it is being exchanged for btc to make the purchase), only dragging down the price. Looks like vericoin has invented the ultimate dumping machine as it becomes increasingly more "popular." mate where do the vrc come that they need to use veribit? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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lootz
Legendary
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Activity: 806
Merit: 1000
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June 30, 2014, 03:35:53 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
Again, how is veribit different than me taking another coin, say DRK, and exchanging it for btc on mintpal to make a purchase? Veribit doesn't revolutionize anything. And guess what, both methods will take a similar amount of time and effort to make a purchase. But Veribit has a 1 btc max right?... Veribit is a gimmick and nothing more. Because the easier it is to use the faster it will be adapted, trying to get an old person or non trech savy person to sign up for an exchange let alone use it is very difficult. Not sure why I am replying to you, you are just a big bag-holder and here to FUD. Every time I see you post its the same skeptic criticism. If you do not like this coin then leave no one wants you here. Maybe you should look into server storage for that big bag of BC your holding.
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sdmathis
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June 30, 2014, 03:37:26 AM |
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Gotto admit I was skeptical until I saw verisend work a few times. I'll be buying now as we go up
Verisend is both trusted and centralized (as opposed to trustless and decentralized). In other words, it's a completely worthless anonymity solution. AKA, it's a gimmick, kind of like how veribit is a gimmick, just in a different sort of way. Thanks for the FUD... The Devs have already stated that they are working on complete decentrialized system for Verisend and Veribit. Tell me how its a gimmick, where can I you spend your Dark, XC, Monero, Black, Peer, NXT, NEM? Don't give me 3-5 websites either! Now where can I spend my Vericoin? Oh right....anywhere Bitcoin is! Vericoin = Checkmate other shitcoins! Tell me why I would use VRC to purchase something when I can use bitcoin? All veribit does is allow someone to exchange VRC for btc on their website as opposed to doing so on an exchange. It doesn't get more gimmicky than that. The price of this coin is ridiculously inflated. There is nothing truly innovative that VRC offers. Again your missing the point...what is the point of the other alts? You can't use them for what they are made for...as a means of trade or exchange! Reason being they don't have the market share Bitcoin does. Vericoin gets around this by being able to use the market share of Bitcoin...huge market share. This is just the beginning of this coin...more innovation to come! If these guys can come up something truly new and functional, what else can they come up with!! Exactly. Crypto is supposed to be an alternative currency. It's supposed to be money. Most coins fail in this area however. Bitcoin is money. Litecoin, Doge, Blackcoin, and VeriCoin are all real money because they can be spent for goods and services. Most other coins fail as currency. If it can't be spent, it's not real money.
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sdmathis
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 30, 2014, 03:39:24 AM |
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In response to VeriBit being some gimmick. No regular alt-coin in the near future will have BitCoin's market penetration, it is the Achillies heel of alt-coins. However as far the end user convenience is concerned VeriCoin actually has more market penetration than Bitcoin. All of Bitcoin's plus a few exclusive for VeriCoin. That's a significant difference overnight.
Regarding convenience, that is why money and digital currency exist, it's more convenient than gold.
Again, how is veribit different than me taking another coin, say DRK, and exchanging it for btc on mintpal to make a purchase? Veribit doesn't revolutionize anything. And guess what, both methods will take a similar amount of time and effort to make a purchase. But Veribit has a 1 btc max right?... Veribit is a gimmick and nothing more. In fact, veribit is harmful. The more people use veribit, the more VRC will be dumped into the markets (as it is being exchanged for btc to make the purchase), only dragging down the price. Looks like vericoin has invented the ultimate dumping machine as it becomes increasingly more "popular." VeriCoin is not a stock. It is money, and money is useless unless it is spent.
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Crindon
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June 30, 2014, 03:43:59 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky?
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lootz
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June 30, 2014, 03:45:17 AM |
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This is just the calm before the storm
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GridWorker
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June 30, 2014, 03:50:36 AM |
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Hey everyone, I am totally new in altcoin world.
Is the VRC availability going to have a side effect of bringing BTC to more people as well? Sort of boosting two coins simultaneously? Just wondering if I am understanding this correctly.
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vrc: VBL3M6EzwcYZWeuDpgjG9bDQzTKb4ydiDy
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Autodidact
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June 30, 2014, 03:52:06 AM |
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A gigantic push for most alternative crypto-currencies is "merchant adoption" so that you can use the dang things outside of crypto exchanges and a couple random host services/online hot sauce vendors... VeriCoin solves that problem in it's own wallet RIGHT NOW. It's a building-block to support the network of users. You can't just build a huge support network of vendors over night, until you implement a feature such as this!! In the future, the hope is that more and more vendors will accept VeriCoin directly, but for the time being, this is an amazing way of getting around that issue!
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pratico
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June 30, 2014, 03:52:53 AM |
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I've not seen a bigger gimmick than veribit in all my years in crypto currency. How do you guys not see this? I feel like I'm taking crazy pills...
If it is such a gimmick, what coin do you see as having lasting value and not being gimmicky? Any coin that offers truly innovative technology over the bitcoin platform, and also is backed by a legit dev team, is worth holding. Veribit holds no advantage over bitcoin, and in fact is subservient to bitcoin. Verisend, if it becomes trustless and decentralized, would be one such example of an innovative feature. But they are WAY behind in the race compared to DRK and XC which are both rushing for finished (non-beta) products.
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